Single Post Display - MarketTicker Forums


	Detailed market commentary at The Market Ticker and Ticker Classics (The Year 2011 In Review) Donations accepted; we offer GOLD ACCESS for enhanced privileges. T-Shirts, caps, coffee mugs? Click here. BlogTalkRadio - Mondays at 3:30 Central - Yes, TickerGuy has a radio show (kinda) RSS available

MarketTicker Forums Single Post Display (Show in context)

User: Not logged on

User Info	Pillars of deflationists' arguments disputed; entered at 2007-12-01 22:32:50
Ajas Posts: 1650 Registered: 2007-08-28 Seattle, Zootown	"The whole purpose of the federal reserve is to create money from thin air. If you go back to the pre-1913 days, the dollar had a stable value." Hungrybear, do you really believe this? Stable dollar value hardly prevents bubbles and crashes. Saying the Fed's purpose is creating money from thin air is.... The whole purpose of people is to borrow money from thin air to increase production enough to justify the interest. The whole purpose of banks is to ensure the value of debt is reflected by its interest. Banks and investors were unwise in valuing debt. Now the debt is revalued and destroys trillions of dollars. The Fed cannot "create from thin air" the money to make investors whole. Gov can.......... in some opposite universe where they have a trillion dollar budget surplus to burn. Sure dollar will devalue against foreign currencies in the near term, but those economies will soon burn harshly. Can you link the goldbug articles that include collapse of foreign economies in general? I've read (most of) the gold article quotes in this thread, but I feel like what I've read relies on relatively stable foreign economies? Hey I'm totally open to gold, once the margin-call premium is unwound. In fact my biggest complaint with goldbug articles is the in-your-face Scare-The-**-Out-Of-You, Now-Buy-My-Protection tone. Sure Nothing scares the ** out of me, but she's not selling anything. And, in the end, only one scenario will play out, and my money's on America. Not just because of some nationalistic pride but I feel like American capitalism has the best flexibility to absorb the coming radical change in demand. 2007-12-01 22:32:50