Was America ever great ?

[Turnagain]

The "Fed" is ostensibly 12 central banks while the reality is just the central banks of Jew York. They create money by loaning it into existence at an interest rate. Since the proceeds of the loan can't equal the amount of debt, there must always be more "loans" that leads to the eventual debasement of the currency. Claiming that governments can't do without Jew banksters is bullshit.

[blake121666]

The "Fed" is ostensibly 12 central banks while the reality is just the central banks of Jew York. They create money by loaning it into existence at an interest rate. Since the proceeds of the loan can't equal the amount of debt, there must always be more "loans" that leads to the eventual debasement of the currency. Claiming that governments can't do without Jew banksters is bullshit.

Money needs to be based on the prospect of output. Hence it is a loan. That many people are incapable of repaying loans is a given. Our money system is quite fine as it is. We want it to correlate to productivity. Such was the Nazi view as well. The underlying principles were almost identical. Which is logical since they and we shared common interests in that matter. They needed to pay us in a manner we would accept. As is the case the world 'round after-all.

[Turnagain]

In 1932, gold was about $20.00 (20.69) per ounce. It's currently hovering around $1850.00 per ounce. IOW, a dollar in 1932 would buy over 92 times as many goods and services as it will in 2020. Yeah, the Fed is really doing a great job of managing our money.

[blake121666]

In 1932, gold was about $20.00 (20.69) per ounce. It's currently hovering around $1850.00 per ounce. IOW, a dollar in 1932 would buy over 92 times as many goods and services as it will in 2020. Yeah, the Fed is really doing a great job of managing our money.

It's all relative. Money divisions are more granular now from the inflation you could say!

Inflation requires that output increase. The two go together. If the population increases, then you need more money for that population.

I somewhat agree with you that it can seem like a treadmill to the average person - like me and you. I kinda hate that treadmill at times. But, yes, such is the case in a non-static increasing economic output. I'd rather have that than stasis. One needs to work to keep up with inflation - in some way or other. Throwing money in between your bedsheets is not a good economy. Get out there and make it work at actually doing something productive. Because it's going to become worthless otherwise!

[Turnagain]

I'm not exactly the "average person". I have an abt MA degree in economics. In a sensible monetary system, the money supply would increase per capita e.g. increase the amount of gold. Mining does that quite nicely. The printing press doesn't.

[blake121666]

I'm not exactly the "average person". I have an abt MA degree in economics. In a sensible monetary system, the money supply would increase per capita e.g. increase the amount of gold. Mining does that quite nicely. The printing press doesn't.

Computers are cheaper - in absolute terms. As are clothes and some other things. Inflation is the mother of ingenuity and invention. When that stops happening, we should change our monetary foundations.

African countries, for instance, should probably use different monetary systems. It doesn't look like they innovate and invent - and are, always it seems, maximally corrupt - they can't even hack the concepts of farming it seems without being so corrupt as to be hopeless. We should stick with our system for a bit more though - 'til we cease innovating or become Africa-like corrupt (I hope Biden hasn't started us down that path ). Africans seem to like chattel slavery. That seems to be their concept of an economy - stupid and corrupt. They look to be the world leaders in stupidity and corruption.

[Turnagain]

Computers are following the traditional price trajectory for new products. The price of guns for example are benefiting from improved mfg processes and materials. You can see that in the price of custom made guns which has gone astronomical. The cost of professional handwork remains commensurate with inflation.

[blake121666]

I'm not exactly the "average person". I have an abt MA degree in economics. In a sensible monetary system, the money supply would increase per capita e.g. increase the amount of gold. Mining does that quite nicely. The printing press doesn't.

Gold is not currency - it is a commodity. Spain's gold did not result in anything good from Spain.

Our colonial conceptions of currency were largely influenced by the Pennsylvania Dutch (German) models of that - much moreso than our limey foundations of currency did. We noticed how well those krauts handled those matters and adopted them for ourselves - and changed the limey conceptions (formerly strongly influenced by Scots) for the better as a result.

The world's conceptions of currency are derivative of ours - which were derived from the Pennsylvania Dutch (Germans). We, the Germans, and essentially all Northern Europe had similarly evolved foundations with our conceptions of currency. The horseshit conspiracy theories you hear about Nazi currency are as ignorant on those matters as the people who made and propagate those dumb conspiracy theories.

Commodities are the worst foundation for currency. I strongly disagree with that ignorant conception of currency. People who think like that will sell their brothers into slavery for a bottle of rum! And the one who traded the rum will be all the worse off for it - being stuck with a chattel slave - most of whom were sold in the West Indies to make the molasses used to make the rum - but the descendants of the people in those colonies (only ours for some reason - not the areas with the bulk of African slaves) will never shut up about it 'til the end of time! And the future dumb-shits will see that matter as having something to do with the evilness of white skin. A sort of "original sin" albatross - which only applies to people with white skin (ironically enough). Not a general "original sin" - just a "white person" original sin. Been-there appears to like to think of it this way - unwittingly not realizing that his clan were the biggest players in that shitty economy. But they also were the ones to stop it as well - and THAT is the more remarkable thing to harp on than the fact that a bunch of colored people who are still impossible to assimilate can't get over these facts and are encouraged in dumb-shit views about it.

[Turnagain]

Lots of things have been used for currency. Hides, seashells, big rocks, paper, the list is long. Gold has been a store of value for at least 5,000 years. Declaring gold to be "just another commodity" flies in the face of observable fact. Another historical fact is that ALL fiat currencies fail. Not most or even 99% but every fiat currency has failed whenever it was tried in the past. Do you think that computers will save the fiat dollar? Sooner or later there will be a "reset". People will be told that ten "old dollars" will buy one "new dollar" and so on but the fiat dollar WILL fail.

been-there has his head lodged firmly in his nether regions. His theories of the "assimilation" of low IQ and inbred shitskins into high tech and high socially responsible populations are asinine. Our ancestors blundered badly by bringing them into the new world as a labor source. Lincoln wanted to send them back to Africa but that plan failed with his assassination. b-t seems to believe that White people should go extinct in expiation of their "sin". Indeed, he seems to believe that unlimited numbers of niggers and their cousins, the inbred and fanatic moslems, should be allowed to take over the White countries of Europe and the Americas. You can't deal with that level of idiocy.

[Huntinger]

Lots of things have been used for currency. Hides, seashells, big rocks, paper, the list is long. Gold has been a store of value for at least 5,000 years. Declaring gold to be "just another commodity" flies in the face of observable fact.

True..Under a free market system, gold is a currency. Gold has a price, and that price will fluctuate relative to other forms of exchange, such as the U.S. dollar, the euro, and the Japanese yen. ... However, it is highly liquid and can be converted to cash in almost any currency with relative ease.

Given the excellent economic value of gold, it is anticipated that it is going to be an alternative to paper money as a currency of the future. Today, in almost every country, a fiat currency is used. The latter is based on paper money and is not backed by a physical commodity, such as a precious metal.

Lincoln wanted to send them back to Africa but that plan failed with his assassination.

Shame Lincoln never considered the Russian East as another great leader did.