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What would Ron Paul do?
What would Ogami Itto do. Damn those Yagyu's!
What would Robot Trader do?
What would a wood chuck do.
Know what I did? Took my ass straight to my local coin shop and bought three 1oz American Silver Eagles and a 1/4oz American Gold Eagle. Plus some more ammo for my beautiful newly bought Springfield Armory TRP 1911 .45acp. Ahhhh, what a feeling.
Good call. I've already got my lead and metal, but I did pick up a good hunting knife this weekend.
This is a case where WWJD is perfectly appropriate. He flipped over the moneychangers' tables and booted them out of the temple. It looks like the Occupy crowd has already gotten the memo.
@ Jack, " but I did pick up a good hunting knife this weekend."
What a coincidence, I picked up the best hunting/self defense knife on the market, HAND-FORGED KHUKURIS BY THE FINEST CRAFTSMEN IN NEPAL. Check out the 15" Ang Khola. Can't go wrong with a military issued Ka-Bar either. Here's the link:
those 'throwing stars' look interesting to me...
That's a good store. I have 12" & 9" khukuris and use them all the time in the garden. Hacking bamboo, cutting drip-line, etc. Nothing like having a knife-axe. They even threw in a 'History of the Gurkha' DVD and some Nepalese coins I use to pick up chics at the range. S&W TRP? =/ jealous!
Has it ever occured to you wierdos that it might be as valuable to have some actual friends?
Did you ever realize that a few favors and a little friendship might be better than a house full of metal?
For example, if you were on really good terms will your local heat, they just might give you a little forewarning when they come around to
pick up up the guns? Or it might be nice to have the farmer down the road trade a side of beef for one of your eagles instead of just turning you in?
"When I walk through the valley of the shadow of death I will fear no evil" isn't followed by because I'm the meanest SOB in the valley.
Right, all kinds of friends and acquaintances, and everything from seeds to ...well, other stuff.
RobotTarder would BTFD then later revise history while he privately SHT (shits his trunks)
Deflation in capital is needed. And then in consumer goods, and finally in wages. This will bring about equilibrium and bring employment up. The debt based economy needs to be returned to a savings based economy.
Mises FTW, bitchez!
The last time we had world-wide deflation in capital, consumer goods and wages, it was called the "Great Depression." A result of this Great Depression was something called "World War II."
You do not seem to realize this, but for some people the Great Depression and World War II were not exactly the best of times. As a result, some folks today believe that Great Depressions and World Wars are events we should try to prevent.
Timah! No, Timah!
Did it ever occur to you that the VERY reason why we're in this mess is because of the very "solution" you are championing has been the general rule?
If we wanted to really "prevent" wide-scale war we'd disarm all our govts' weapons and shoot all the bankers and politicians.
Don't confuse the messenger with the message. That anyone here desires war is absolute BS.
Further, read history. It tells you EXACTLY how these various paths unfold. Again, I refer you to my "solution" above as to the way to prevent repeats of history (though this will likely NOT be done because dumb fucks out there still believe that they can get their govts to "fix" things).
What "solution" have I been championing? All I wrote was that a deflationary spiral was something we should perhaps avoid. because of the known effects of the last deflationary spiral we had.
I didn't propose any solution to this problem, nevermind champion one. It seems obvious that we should try to avoid such forseeable catastrophes, but what do I know?
btw-Most any fool would realize that your "disarm the government and shoot the bankers and politicians" statement makes you seem a bit like a nut. That fact that you did not is telling.
Yeah... THAT's the solution... Let's just AVOID it...
Thanks for your help Timmy (in not proposing or championing any solution)... You're obviously qualified for political office...
Timmy for Congress!
Your comment indicates that you failed to follow this thread. I'll spell it out for you. Try to follow along.
catacl1sm wrote that a deflationary spiral was exactly what we need.
I responded that the last deflationary spiral we had didn't exactly work out so well.
Seer, to my amazment, wrote that the solution that I championed was the cause of our problems, and added that we should disarm the government and shoot the bankers and politicians.
I responded to Seer that I hadn't mentioned any "solution" and noted that his writing about shooting bankers made him seem less than serious.
You respond by calling me a politician because I correctly pointed out to Seer that I hadn't proposed any solutions when I wrote that our last deflationary spiral didn't work out so well.
Like Seer, you are not making any sense at all. However, at least you didn't write about your desire to shoot whole classes of people, so that's something.
the paul family has a extensive undergound emergency complex that was built a while ago on their large family farm near friendswood...:)
Like many, Koo fails to acknowledge that the crux of the problem is a true Solvency crisis. As such, his solution has as much chance of working as his chances for getting a job with the administration.
His concept MIGHT have worked in or about 11/08, but that was the Event Horizon.
Very sad these types continue to chase their tails--its intentional blindness. Atleast chat up Anna Schwartz, Richard. Geez!
But Koo's Magic 8-Ball has a PhD in economics.
All the empirical evidence of the past 8 decades or so says clearly that Koo and his fellow Keynesians are so dead-wrong (I am sure Keynes would have aggreed to that 5 decades ago!). Still they keep spilling out their bs ad nauseum. Now go and tell any normal hard-working man or woman why these people continue to rake in tens of thousands or hundreds of thousands of $$$ every year for contributing essentially ZERO to society. Go figure.
what would Ron Paul do?
what would Ron Paul do?
Collect 5 tons of food for charity?
“We want to show the country that we don’t need the government to take care of people. Americans are the most generous people in the world. From the beginning of this country’s history, communities across America have always been willing to lend a hand to those who need it,"
KEYNESIAN WAR in Iran. Senator Graham will get to play with his soldiers and the economy will hum.
This is all great in (Classic economic) theory. The problem is today's political "Leaders" will NEVER stop spending and their Corporate masters will never allow them to increase revenues. At the heart of Keynsian economics was the idea of Central Government counter-cyclicality. That is, run surpluses during the up cycle and run defecits during the down. Can you imagine these clowns ever being able to run surpluses? Therein, Keynsian economics breaks down and the politicians just abuse the theory to support more unsustainable borrowing and spending. Aided and abetted by the Banksters and the Corporatocrcy.
This is a BS analysis. Let the MF burn to the ground and rebuild. 2 to 3 years, max. If we let the shit burn all the way down to the last ember. Kill the Fed. Let the federal government burn and go out of business. Let the shit burn down and rebuild in a couple of years. Fuck the Fed and Washington.
Oh NO'S not a Deflationary spiral!
Thank God Automatic Earth have been predicting such for years now.
..And Von Mises was right all along:
There is no means of avoiding the final collapse of a boom brought about by credit expansion.
There kinda is. But it will piss a lot of important people off.
The government has to coin currency without debt and hand it out to ALL of the the people directly.
They have the power to do this. They have the ability to print/stamp without borrowing from the banks. They are sovereign. The people give them this power.
The banks will be furious. But a large chunk of all debts will be erased from balance sheets.
It's strange that governments must borrow from external entities.
If inflation is a form of wealth tax, why not just introduce the inflation directly, without debt to the bottom of the system rather than at the top, on the bank's balance sheets?
It produces a similar result, in that it taxes the value of the existing coinage, but there is no interest payable.
Another fade from a TBTF con-artist I wouldn't trust with two nickels.
Richard Koo-Koo? Where was he few years back with enlightening advices and his deep analysis?
He was "helping" Japan. And look whre they are! Debt/GDP about 240%
Manic depression it is:
The neo-classical economic bullshit never ends. These guys haven't a clue about credit money... let alone see outside the moronic linear equations to the social intent of the current system and mathematical flaws. Once again, it is proven that economics is nothing more than a tragic study in failure of confirmation bias.
Social science. They keep trying to be physicists but predictably fail and then make new flawed models. It's just pathetic now.
"Social science" is an oxymoron. I'm fond of saying that.
I think you mean Financial Astrology.
no way, i made a killing in the market when the new moon was seen to be uranus..............
None of the common macro models/systems can accommodate a world of limited, zero, or negative growth. Not saying that's necessarily where we are, but if we are, don't look to these models to tell you much.
Economics is as much bollocks as the science of the average man... the collective numbers, theories etc do not exist, they're barely a pale retrospective representation (snippet) of what's actually gone on
Business, trade, individual decisions cannot be averaged across a small retail street let alone a State, a nation or globally
Even Austrian economics i'm afraid is bollocks
the only thing that exists is the individual ...the rest is academic dysfunctional nonsense
Austrian school is not bollocks. It views economy exactly as you said - a collective activity of deals(trades) between individuals.
One of the most prominent works of Mises is called "Human action"
Might wanna read some of that bollocks Austrian economics a bit closer then. Human Action perhaps; because you're paraphrasing Mises.
Sorry Gents but i've read more Austrian economics than anything ...it's the best of a bad bunch but it's still rubbish
Austrian still deals in the 'grande themes' and grande designs academics and other worthless windbags like to pigeon hole whole societies and countries in.
One of Von Mises greatest statements still repeated endlessly is after all great credit expansions there's no avoiding a credit contraction/implosion (words not verbatim). This is about as useful as saying icecream melts in the sun ..it's a statement of the patently bloody obvious but is trotted out like it's some great scientific discovery over and over again (Zzzzzzz)
Austrian is not predictive, it cannot time, it is a bunch of generalised collective discriptives... like the average man number, useless at pinpointing anything.. it's next to worthless except to stretch out dinner party conversation after too much red wine and brandy
I'm with you 100%.
Being giddy about being the best-looking horse at the glue factory- so fucking what!
Only two things to remember going forward:
1) Vertical hierarchies WILL result in concentration of power, which will in turn become oppressive, ultimately imploding;
2) This is a FINITE Planet, ANY system that cannot adapt to zero growth WILL FAIL: I'm still waiting to hear from people how their pet systems can meet this mark.
Someone always thinks they can invent a perpetual motion machine...
The last time I checked, the planet was not a closed system. It's true that whether the limits of the resources we could ultimately access are the solar system, the galaxy or the whole universe they are in all probability finite, but that's entirely consistent with them being really damn big and us being nowhere near them. Develop a good enough method of energy generation and a lot of other problems go away for a long time.
it's a statement of the patently bloody obvious
To whom is it obvious? Certainly not to the Krugmanns of this world. The whole EU project is currently working on the assumption that the crackup can be avoided, as is Bernanke and the Fed.
That the emperor has no clothes, and there will be a crackup, is not yet obvious to the majority (of any population outside of a Mises Institute classroom).
Congratulate yourself for seeing the (now) obvious, and then get off your high horse.
Austrian is far more realistic than Krugmans idealistic (socialist) nonsense.. Austrians use maths whereas socialists/marxists are completely fuking clueless (their concepts come entirely from the chips on their shoulders)
I'm not on a "high horse" ..i'm a strictly practical, human experience thinker.. does it work or not? What does human history show us? A realist.
The idealism of marxism, socialism, enviromentalism etc etc is their downfall.
Austrian is much more practical but still suffers the academic thinking of trying to amass randon individuals and business decsions into a glob like the staticians try with the average man. I'm not dissing austrian entirely i'm just saying it hasn't made a break-through in being predictive (worthwhile/usefull or of commercial value)
Only the commercial brain works (creates value)... idealism destroys value... Austrian is benign i'd say
Holy shit, I think you're on the wrong site.
"The idealism of marxism, socialism, ..."
In what way does totalitarianism equal idealism?
"I'm not dissing austrian entirely i'm just saying it hasn't made a break-through in being predictive (worthwhile/usefull or of commercial value)"
Responding to this fragment of a complete thought is probably a waste of my time, but I thought I would at least point out that it was primarily austrian economists calling housing a bubble before it burst.
Austrian economics specifically predicts the death of fiat currency. Please enjoy the "commercial value" of this theory and exchange your fiat dollars for gold and silver.
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