Looks interesting, I'll give my thoughts when it ends.
I'm not entirely sure if it IS about the oncomming collapse but thats my vibes I'm getting from it.
Posted by Blayne Bradley (Member # 8565) on :
So far this is seeming a very fascinating series (though the libertarian overtones in terms of choice of language are annoying such as "looting private accounts" but at least he doesn't call the Federal Reserve "unconstitutional") but I have 2 questions:
1) If commodity prices are rising than why is my purchasing power much higher today than it was for example 10 years ago regarding specialized equipment like computers? 1000$ today can get something several hundred times more powerful than 10 or 20 years ago, heck, it would've costed 5000$ for something that cellphone is arguably more powerful than.
2) He's mostly referring to the USA as of video ten, but my question is how does this effect Canada, if the dollar gets destroyed by hyperinflation how would this affect the Canadian economy? Would my livelyhood get worse? Or Better?
Posted by Danlo the Wild (Member # 5378) on :
Welcome to the party, pal.
Posted by Blayne Bradley (Member # 8565) on :
This guy at least is rational and cites evidence, sources, and facts that justify his beliefs.
You just run around with your head cut off shouting hyperbole without any real evidence or historical context.
Posted by Blayne Bradley (Member # 8565) on :
Hrrm, the dude uses the 53-85 trillion $ debt numbers, weren't those wrong?
Posted by Blayne Bradley (Member # 8565) on :
Interesting point, apparantly US inflation should be 13% today if calculated as it was in the 1980's, Social Security payments would be 70% higher using the real figures.
Posted by Mucus (Member # 9735) on :
quote:Originally posted by Blayne Bradley: 1) If commodity prices are rising than why is my purchasing power much higher today than it was for example 10 years ago regarding specialized equipment like computers?
Why not? I'm not seeing a contradiction here.
quote: ... if the dollar gets destroyed by hyperinflation how would this affect the Canadian economy? Would my livelyhood get worse? Or Better?
Well. If it happens in the near future, then we'd probably be sunk. Hyperinflation would imply a crashed US economy and the portion of the Canadian economy that relies on the US.
As we go further into the future, that portion of the economy should be more diversified toward the developing countries, and it would affect us less.
In both cases, we would probably have to worry about illegal immigrants coming over for economic reasons or actual warfare depending on how serious the situation is. Nothing like a collapse of the economy to bring out the dangerous populist ideologues.
Posted by Blayne Bradley (Member # 8565) on :
Welcome to the club, Blayne, from a slightly-less-crazy member of it. I think you'll enjoy this. It's from a few years ago, but I still find it very relevant; it definitely puts things in perspective.
Posted by Danlo the Wild (Member # 5378) on :
"You just run around with your head cut off shouting hyperbole without any real evidence or historical context."
This is a Hatrack lie.
Over the last decade, I've loaded my posts with Facts, Evidence, and Historical Context along with some hyperbole. Hmmm. Maybe i'll go back and cut and paste.
I've been Hatrack's punching bag, flamethrower target and easy mark.
Everything I've said is true.
I don't expect anyone to ever give me credit for it though. It's a Hatrack rule. Don't be nice to Thor!
Posted by Rakeesh (Member # 2001) on :
Yeah, that's probably true. That's what happens when one's reputation within a community for accuracy, level-headedness, and honesty is universally bad: it's a community agreement to beat on you.
Posted by TomDavidson (Member # 124) on :
quote:Over the last decade, I've loaded my posts with Facts, Evidence, and Historical Context along with some hyperbole.
Thor, dude, you know I'm rooting for you to do something great. But, please, don't be delusional.
Posted by Blayne Bradley (Member # 8565) on :
Thor if you SOMEHOW manage to be right, its because of "broken clock right twice a day" thing.
Posted by Samprimary (Member # 8561) on :
quote:Originally posted by Danlo the Wild: "You just run around with your head cut off shouting hyperbole without any real evidence or historical context."
This is a Hatrack lie.
Over the last decade, I've loaded my posts with Facts, Evidence, and Historical Context along with some hyperbole. Hmmm. Maybe i'll go back and cut and paste.
I've been Hatrack's punching bag, flamethrower target and easy mark.
quote:Originally posted by Danlo the Wild: The Dow Jones will fall to 7000 before December.
There you go. A clear prediction.
hmmmmmmmmmmmmmmmmmmmmmmmmmm
quote:Originally posted by Danlo the Wild: Ok. I was wrong.
h + m10^6
Posted by odouls268 (Member # 2145) on :
quote:Originally posted by Danlo the Wild: "You just run around with your head cut off shouting hyperbole without any real evidence or historical context."
This is a Hatrack lie.
Over the last decade, I've loaded my posts with Facts, Evidence, and Historical Context along with some hyperbole. Hmmm. Maybe i'll go back and cut and paste.
I've been Hatrack's punching bag, flamethrower target and easy mark.
Everything I've said is true.
I don't expect anyone to ever give me credit for it though. It's a Hatrack rule. Don't be nice to Thor!
Sounds like you've wasted much of the last decade researching. From now on, try making unsubstantiated claims in the form of one line quips. It might feel better. It'll darn sure leave more time for daydreaming or napping.
Posted by Danlo the Wild (Member # 5378) on :
Ben Bernanke is the AntiChrist
Posted by Danlo the Wild (Member # 5378) on :
my dow jones 7000 prediction was derailed by QE2 HELLO QE3!