Even better, let's barter! Here, take my half dozen beaver pelts. And I'll take, umm let's see... 20 lbs of salt, those two pistols, 10 lbs of beef jerky , that three piece suit, the long rifle, 250 rds of ammo, and 50 ft of the 0 gage steel chain.
6 pelts for all that? Sir id say youre trying to pull a fast one. If these pelts are tanned and fully complete, I'll give you 15 lbs of campfire smoked venison jerky.
"In this table from Canadian Northwest Company archives, we get some idea of beaver value at the trading post. I take it that “made beaver” is the equivalent of the worn beaver described above. This from early 1800s.
Here are the values of many of the NWC trade goods in Made Beaver:
1MB = 3/4 pounds of coloured beads
1MB = 1 1/2 pounds of gun-powder
1MB = 1 brass kettle
1MB = 2 pounds of sugar
1MB = 1 gallon of brandy
1MB = 2 yards of flannel
1MB = 12 dozen buttons
1MB = 1 pair of breeches
1MB = 1 pair of shoes
1MB = 20 flints
1MB = 8 knives
1MB = 2 pair looking glasses
1MB = 2 hatchets
1MB = 20 fish hooks
1MB = 1 blanket
4 MB = 1 pistol
1MB = 2 shirts
11 MB = 1 musket
But how much did this really represent in terms of trade and money—of that day and translated into our day? There is much information on the particulars of the trade, but it is hard to come up with information on just how big it all was in that 200-year period. I found in one place that the “demand” in England alone was for 5 million felted hats each year. And this rough equation from a modern-day interpreter at Fort Vancouver: “Long story short, the $2 value of a beaver pelt of 1837 would be something like $48 today. And the $7.50 that HBC might have received in London works out to about $176 in today’s money.”
Great info., and nice research. But in 1837 two dollars would by about 3 ounces of silver (of course with silver and gold money. calculations are approximate). So you are probably talking around 150 to 170 dollars today. As to the monetary value of beaver pelts from then to now...I am not that smart!
TY, and yeah I gotta concur. It's all approximation. Still though, I'm down with barter and trade. I'll gladly give you a fish today for a burger on Tuesday.
And unless these actions are actually voted into law, unless I am mistaken, the next Dem/Commie can just change it all back to the Cabal standard and finish what they started.
Perfect Fren,
I am theorizing that when this new "capitalism" starts, that we will all then see that inflation is imaginary, that everything labeled that before was either to cover up the theft that has occurred, or just a renaming of another principle.
I’m curious what diamonds those of us would get back during this time, losing all of our savings and running up credit just to pay the bills, supporting the patriot side? Are we going to be repaid if we are old, or disabled and unable to go back to work to restock what we’ve lost?! Or are we just SOL, and it’s all for the future people only? I guess I’d be fine if I knew some truth myself to the financial piece. We’ve been told this and that, NASARA/GASARA, or the whole Castle Theory about our SS# value, or all of our credit/loans being wiped clean? I mean what’s that part of the Plan?
And I’m not the only one wondering. I’m pretty sure all 80 million major Trump voters were told or heard the same things. And most of them are 1 paycheck from on the streets too, or they’ve already succumbed to what ever destitution. What of these folks that don’t have the “lifetime” to make back all they’ve lost? And can’t afford much left of today? What’s that factual part of the Plan for our “restitution”, if there is any?
Just think of all the silver, gold, and treasures that the EVIL cabal has been stealing from humanity for thousands of years. I do believe the 650 plane loads of gold from the Vatican is real along with other gold and treasures from around the world ( Buckingham palace and Langley).
As for me, I firmly believe that every good patriot is going to be in a place where they do not have to worry about money!
36 Then Jesus sent the multitude away, and went into the house: and his disciples came unto him, saying, Declare unto us the parable of the tares of the field.
37 He answered and said unto them, He that soweth the good seed is the Son of man;
38 The field is the world; the good seed are the children of the kingdom; but the tares are the children of the wicked one;
39 The enemy that sowed them is the devil; the harvest is the end of the world; and the reapers are the angels.
40 As therefore the tares are gathered and burned in the fire; so shall it be in the end of this world.
41 The Son of man shall send forth his angels, and they shall gather out of his kingdom all things that offend, and them which do iniquity;
42 And shall cast them into a furnace of fire: there shall be wailing and gnashing of teeth.
43 Then shall the righteous shine forth as the sun in the kingdom of their Father. Who hath ears to hear, let him hear.
I'm not trying to be a smart ass or ask a quippy qustion.
Honestly.....have we been so entrenched and ingrained with life in with inflation that we can not imagine what deflation would look like and be like?
I look forward to everybody's thoughts. I think kenesian economics would not apply, but who am I to claim to know?
I have a solution for this bullshiza system. Friday at midnight all sales after are priced at1/10 of what it was. All savings and investments slashed 1/10th of previous value. But with just one catch. Savings 401ks and checking accounts up to 3 per person up to 25k each does not revert , giving the middle clash a breather. Then any person that has more than 10 million in wealth after reversion. Every dollar reverts 1/20th so that it helps the middle class reach some sort of balance. Now after that fantasy, its time for another shot of vodka, and an edible!
I am sorry that you do not see the flaws in your sight. Please review your concepts or get education. Your comment is exactly how they want you to think...try to solve a problem using the current system instead of writing a new system!
Intrinsic value. So, that Playstation 5 might have cost a couple hundred bucks, but its totally worthless because I need 20 ft of rope to hoist up a deer to butcher it to make venison jerkey, because im gunna trade another guy for some beaver pelts because winter is coming.
That's a great question. I've stacked silver (and a minute amount of gold) since the 1990s, thinking that it would be a good hedge as a barter tool if our currency went the way of all fiat currencies, hyperinflation and worthlessness.
But if we are back on a silver or gold standard and the currency was worth something again, what would happen to gold and silver? They will always have appeal as far as jewelry and industrial and military uses, but I cannot figure out what would happen to their values as precious metals.
Those that have gold and silver will survive. Those that have Bitcoin are largely outside of the banker system already. If you have 1 Bitcoin now, you will likely be a $ billionaire in 24 years if current dollar purchasing power decreases continue at the current rate. At some point it is expected that the "US dollar" will be switched from "Federal Reserve Note" to "Treasury Note" with some Silver or Gold Certificates also likely to be issued (once they achieve certain marketcap milestones). Most people will not even notice when "Treasury" replaces "Federal Reserve" on the bills, and if the parallel behind-the-scenes infrastructure is put together well it may not even be necessary to broadcast it. When the top three are gold, silver, and bitcoin, you will know we are close to a switch:https://companiesmarketcap.com/assets-by-market-cap/
The new "Treasury US dollar" is expected to be backed by natural resources, gold, silver, and Bitcoin at some point. Unclear how exactly that will play out. It is possible that the Sovereign Wealth Fund (which includes all the above and more) may effectively back the currency as well as other things like individual social security accounts (speculated)
What is likely coming is publicly the FedReserve gets placed under Treasury, and then shortly after all new bills are printed with "Treasury". After that is done, silver and gold certificates can be issued. In parallel, the Bitcoin ecosystem and marketcap need to be built out so it is collateralizable so banks can put it on their balance sheets like gold and silver. We may have multiple "currencies" for some period. It is critical that ALL FedRes notes worldwide be replaced with something printed that does not have their "evil symbology" on it, imo. This will be devastating for them (narrative perspective) and their control apparatus, and they will fight it very hard.
Interesting analysis. Still, I'd love to have some definitive answer on actual value of gold / silver after our currency goes back onto a precious metal standard. Nice to think that I would "survive" but beyond that, I was hoping to see some quantification of values.
SILVER: Inflation-adjusted high is $145.21/oz in current dollars; Removing market hours manipulation since 1980, you get $440/oz; If all paper silver suddenly becomes worth $0, then silver price is ~$16,000/oz based on a 360x ratio of paper/physical https://usdebtclock.org/ ;My opinion is that silver is quite similar to palladium, its sister metal and should be $1000/oz minimum (more physical silver can be made out of palladium which trades >$1300/oz).
GOLD: Adjusted for inflation it is very close to what it is now ~$4250/oz https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart ; US gov't will likely revalue gold holdings to $8.8k to $10k per oz because that provides ~$1T of collateral. Using paper/physical gold ratio we get $591k/oz using the 139x ratio (100% of gold paper would be worth $0 in this scenario). Realistically, if we factor in "hidden gold" and "currency demand" a reasonable price for gold is probably around $50k per oz, but at least 10x from current price, imo.
Several options: OPTION 1: I use https://www.mydigitalmoney.com/ for my IRA and add to it every year. This is easiest, and customer service is OUTSTANDING. You can have any big bank wire money to them for an IRA or setup a link from any bank/credit union for an Individual account (non-IRA). They do not force you to use KYC which is a digital ID in disguise being forced on everyone using regular exchanges when you try to self-custody your Bitcoin. OPTION 2: exchanges like Coinbase, River, etc. but they all use unconsitutional KYC digital ID. OPTION 3: Peer to peer exchanges such as https://bisq.network/ ;Always test with small values with a separate private wallet device rather than your main stash.
I have a small nest egg from my dad of 50 silver dollars of various age, and silver dimes too, and 6 gold coins.
If things go sideways with the economy, which I don’t expect it to, I’ll have some bargaining power, but hopefully I’ll just be able to invest it into something like a house somewhere.
I am not an economist. but this is how i think of it. If we are using say gold and silver, we will make another term for it, lets just call it coin. we set the price of coin to one loaf of bread, Everyone left on earth (I am going to cry when I find the total killed over the last many years), will have plenty of this "coin" and it will always be worth a loaf of bread!
Why do we need inflation, what will change? Inflation was "invented" by the bankers-enough said.
Inflation wasn't invented by anyone, it's a natural phenomenon of economics, which is one of the fundamental characteristics of human activity. When too many dollars (or coin) are trying to buy too little widgets or cars or anything else, you get inflation. Think of it this way: All car manufacturers can produce a finite number of cars, let's say for this example, they can only produce half-million cars in a year. Then suddenly everyone in the country wakes up one morning to find a box of cash on their front doorstep, or perhaps deposited in their bank accounts. Too many dollars, and a fixed number of cars.
Suddenly everyone is "rich!" and everyone decides on that day to go trade in their clunkers and buy a new car. Overnight the price of cars would go from, say $50K to $300K, or more. Inflation. Everyone would be competing for a small number of cars and a bidding war ensues. Same with houses, or widgets, or anything else.
With dollars being pumped into the economy (or left in boxes on peoples' front porches, or put into central banks...) we get inflation. It's just a natural part of the economics of any nation, whether it's the USA or Venezuela or the EU.
Thanks for the info, fren. I just seem to differentiate in my mind between normal price increases (such as the supply and demand example you gave above), and inflation. I think inflation is mostly cause by the people using a fiat money system, interest, and a handful of other abstract principles. JESUS hated bankers and moneymen, and i have never shaken hands with anyone smarter than him!
Well, there are market forces that keep most producers from raising their prices in an inflationary way... if say carmakers #1, 2, 3, and 4 all raise their prices to some unreasonable price, then carmakers #5, 6, 7, and 8 can not do so and they will get all the sales, and the price-raisers will be stuck with cars they can't sell. Markets always control what companies can charge, and that's why monopolies are illegal and unwise.
I have no guess as to what would happen if POTUS abolished the Fed, but I would bet big money that he 100% will not abolish the Fed. So, to me, the thought experiment is moot.
It is not constitutional, moral, or practical. It only obfuscates where the money goes and costs taxpayers way too much money. It should have never existed.
A very complex and opinionated question.
Currency being at the root of the problem .
A "Gold Standard" (coined phrase) another is "asset backed" (meaning commodities).
Re-evaluation, often over used and highly manipulative.
By revaluing , as in the case of gold.... you're accepting a deflated currency.
If gold was to return to its original buying power precious metals would necessarily have to be devalued. The problem again lies in the confidence of the currency. (As an accepted method of exchange)
Revaluation sounds good but only serves the government in refinancing the debt.
Paying off the debt sounds good too but serves no useful purpose for the masses.
Investigating the FED...ie the Banks and exposing a multitude of fraud schemes would be both good in wiping out the debt, but would also send the entire system into chaotic downfall.
Digitizing or tokenizing all sounds good to a point, but if backed by a broken worthless currency it compounds and hides real value.
Digitizing also has inherent issues of energy use, power failures , computerized security, programing, and privacy. Not to mention being backed by a broken worthless currency.
These are just a few points but it's much more complex than just these.
Any system may work for a time, it's all based on Confidence!
History is riddled with a plethora of ideas and trial systems, none of which have stood the test of time.
There are just as many reasons for failure as there are stars in the sky.
Until there's a perfect World...there will never be a perfect solution.
Yes, you're hypothesis is incomplete though. Besides no national debt and a monetary system overhaul, you have to think of de-regulation, the Chevron ruling of the supreme court, and the pivot to true capitalism.
I was talking with an old friend a couple days ago about this subject. We thought about the best way to explain it: it has been widely stated that corn farmers only get about four cents for the corn in a box if cereal. Lets say you were going to make a box of frosted flakes. If it takes four cents for the corn flower. you can probably imagine the sugar coating and everything for the process to be another 6-10 cents. I imagine with packaging, all-in maybe 30 cents Our company does not import anything, and taxes are not a big expense. Even with labor (which even with wages increasing; the personnel cost will be lower (mostly thanks to deregulation). so all-in and complete...lets say 50 cents.
The grocery chain needs to make money (transport and brick and mortar expenses. That box of healthy cereal in less that a dollar in the shelf. While the farmer is paid more than currently, their costs are much lower (seed, fertilizer, and less government).
Now think of the effect that in every step of getting that box of cereal to you, every person in that chain, makes more, but that is more than offset by lower regulation, normal ingredients ( cancer-causers are expensive!), common sense biz operations( no more money for a board that gives to BLM).So...We have a box of cereal that is currently 5 dollars selling for less than a buck!
I might be crazy...but I think it will go something like that!
P.S. I forgot that the farmer still uses John Deere combiners, but he can work on them himself.
What goes up must come down, except the prices of consumer goods. There's a better chance that taxes go down than billion dollar companies taking a loss on profit margins. - I actually have no idea but it would be pretty cool if prices did go down.
Hell I’d even settle for how things were priced in the 80’s and 90’s
1880s?
Even better, let's barter! Here, take my half dozen beaver pelts. And I'll take, umm let's see... 20 lbs of salt, those two pistols, 10 lbs of beef jerky , that three piece suit, the long rifle, 250 rds of ammo, and 50 ft of the 0 gage steel chain.
6 pelts for all that? Sir id say youre trying to pull a fast one. If these pelts are tanned and fully complete, I'll give you 15 lbs of campfire smoked venison jerky.
Beaver Sauce! <---- Beaver data hyperlink!
Here are the values of many of the NWC trade goods in Made Beaver:
But how much did this really represent in terms of trade and money—of that day and translated into our day? There is much information on the particulars of the trade, but it is hard to come up with information on just how big it all was in that 200-year period. I found in one place that the “demand” in England alone was for 5 million felted hats each year. And this rough equation from a modern-day interpreter at Fort Vancouver: “Long story short, the $2 value of a beaver pelt of 1837 would be something like $48 today. And the $7.50 that HBC might have received in London works out to about $176 in today’s money.”
Now, let's get down to 1800's brass beaver tax!🦫
Great info., and nice research. But in 1837 two dollars would by about 3 ounces of silver (of course with silver and gold money. calculations are approximate). So you are probably talking around 150 to 170 dollars today. As to the monetary value of beaver pelts from then to now...I am not that smart!
TY, and yeah I gotta concur. It's all approximation. Still though, I'm down with barter and trade. I'll gladly give you a fish today for a burger on Tuesday.
That will make a good lunch! I will meet you at the picnic table!
Very cool bit of history! I just went down a rabbit hole about made beaver. Ive always been fascinated with that period of north American history.
3/4 lbs of colored beads?!?! Why that could buy you a pretty nice island in New York City!
What? No rope? There is always a demand for good rope...
Chain works too. ⛓️
u/#popcornjones
It's not all about prices-it's about a level field. Income would rise, prices would fall, and balance would be back.
/
And unless these actions are actually voted into law, unless I am mistaken, the next Dem/Commie can just change it all back to the Cabal standard and finish what they started.
Perfect Fren, I am theorizing that when this new "capitalism" starts, that we will all then see that inflation is imaginary, that everything labeled that before was either to cover up the theft that has occurred, or just a renaming of another principle.
hmmmmm......interesting response. could you expand on it?
Fingers crossed 🤞 yall
I’m curious what diamonds those of us would get back during this time, losing all of our savings and running up credit just to pay the bills, supporting the patriot side? Are we going to be repaid if we are old, or disabled and unable to go back to work to restock what we’ve lost?! Or are we just SOL, and it’s all for the future people only? I guess I’d be fine if I knew some truth myself to the financial piece. We’ve been told this and that, NASARA/GASARA, or the whole Castle Theory about our SS# value, or all of our credit/loans being wiped clean? I mean what’s that part of the Plan?
And I’m not the only one wondering. I’m pretty sure all 80 million major Trump voters were told or heard the same things. And most of them are 1 paycheck from on the streets too, or they’ve already succumbed to what ever destitution. What of these folks that don’t have the “lifetime” to make back all they’ve lost? And can’t afford much left of today? What’s that factual part of the Plan for our “restitution”, if there is any?
Just think of all the silver, gold, and treasures that the EVIL cabal has been stealing from humanity for thousands of years. I do believe the 650 plane loads of gold from the Vatican is real along with other gold and treasures from around the world ( Buckingham palace and Langley). As for me, I firmly believe that every good patriot is going to be in a place where they do not have to worry about money!
pretty sure we're 'going back' to whatever Jesus would approve of ✨
we shouldn't 'toil' so much.
from the common material between Matthew & Luke; AKA the Q-Source🔥
Matthew 10:29-31 KJV
29 Are not two sparrows sold for a farthing? and one of them shall not fall on the ground without your Father.
30 But the very hairs of your head are all numbered.
31 Fear ye not therefore, ye are of more value than many sparrows.
What JESUS would approve of...100% agree. Just wish people would have remembered 5 1/2 years ago that JESUS was against Pharmekia.
I'm guessing the 'tares' couldn't 'remember'
they don't have the ability...
Matthew 13:36-43 KJV
36 Then Jesus sent the multitude away, and went into the house: and his disciples came unto him, saying, Declare unto us the parable of the tares of the field.
37 He answered and said unto them, He that soweth the good seed is the Son of man;
38 The field is the world; the good seed are the children of the kingdom; but the tares are the children of the wicked one;
39 The enemy that sowed them is the devil; the harvest is the end of the world; and the reapers are the angels.
40 As therefore the tares are gathered and burned in the fire; so shall it be in the end of this world.
41 The Son of man shall send forth his angels, and they shall gather out of his kingdom all things that offend, and them which do iniquity;
42 And shall cast them into a furnace of fire: there shall be wailing and gnashing of teeth.
43 Then shall the righteous shine forth as the sun in the kingdom of their Father. Who hath ears to hear, let him hear.
Absolutely. Issue a new currency with backing by commodities and drop a zero.
Cutting zeros has been done many times in many countries before.
I'm not trying to be a smart ass or ask a quippy qustion. Honestly.....have we been so entrenched and ingrained with life in with inflation that we can not imagine what deflation would look like and be like? I look forward to everybody's thoughts. I think kenesian economics would not apply, but who am I to claim to know?
What debt? It’s all stolen money
Correct and stolen from the 13 families and their evil followers including the ones who have here in our country / government/states county
I have a solution for this bullshiza system. Friday at midnight all sales after are priced at1/10 of what it was. All savings and investments slashed 1/10th of previous value. But with just one catch. Savings 401ks and checking accounts up to 3 per person up to 25k each does not revert , giving the middle clash a breather. Then any person that has more than 10 million in wealth after reversion. Every dollar reverts 1/20th so that it helps the middle class reach some sort of balance. Now after that fantasy, its time for another shot of vodka, and an edible!
I don't see a problem. Just increase the amount of dollars so we have more!
I am sorry that you do not see the flaws in your sight. Please review your concepts or get education. Your comment is exactly how they want you to think...try to solve a problem using the current system instead of writing a new system!
I just wonder how much my pile of silver would actually be worth at that point…
focus on the intrinsic value, not the fiat conversion value
What’s the intrinsic value?
what you can directly barter it for post fiat, trading it for fiat when fiat is dying and on the way out would be horrible choice
Intrinsic value. So, that Playstation 5 might have cost a couple hundred bucks, but its totally worthless because I need 20 ft of rope to hoist up a deer to butcher it to make venison jerkey, because im gunna trade another guy for some beaver pelts because winter is coming.
That's a great question. I've stacked silver (and a minute amount of gold) since the 1990s, thinking that it would be a good hedge as a barter tool if our currency went the way of all fiat currencies, hyperinflation and worthlessness.
But if we are back on a silver or gold standard and the currency was worth something again, what would happen to gold and silver? They will always have appeal as far as jewelry and industrial and military uses, but I cannot figure out what would happen to their values as precious metals.
Those that have gold and silver will survive. Those that have Bitcoin are largely outside of the banker system already. If you have 1 Bitcoin now, you will likely be a $ billionaire in 24 years if current dollar purchasing power decreases continue at the current rate. At some point it is expected that the "US dollar" will be switched from "Federal Reserve Note" to "Treasury Note" with some Silver or Gold Certificates also likely to be issued (once they achieve certain marketcap milestones). Most people will not even notice when "Treasury" replaces "Federal Reserve" on the bills, and if the parallel behind-the-scenes infrastructure is put together well it may not even be necessary to broadcast it. When the top three are gold, silver, and bitcoin, you will know we are close to a switch: https://companiesmarketcap.com/assets-by-market-cap/
The new "Treasury US dollar" is expected to be backed by natural resources, gold, silver, and Bitcoin at some point. Unclear how exactly that will play out. It is possible that the Sovereign Wealth Fund (which includes all the above and more) may effectively back the currency as well as other things like individual social security accounts (speculated)
What is likely coming is publicly the FedReserve gets placed under Treasury, and then shortly after all new bills are printed with "Treasury". After that is done, silver and gold certificates can be issued. In parallel, the Bitcoin ecosystem and marketcap need to be built out so it is collateralizable so banks can put it on their balance sheets like gold and silver. We may have multiple "currencies" for some period. It is critical that ALL FedRes notes worldwide be replaced with something printed that does not have their "evil symbology" on it, imo. This will be devastating for them (narrative perspective) and their control apparatus, and they will fight it very hard.
Interesting analysis. Still, I'd love to have some definitive answer on actual value of gold / silver after our currency goes back onto a precious metal standard. Nice to think that I would "survive" but beyond that, I was hoping to see some quantification of values.
SILVER: Inflation-adjusted high is $145.21/oz in current dollars; Removing market hours manipulation since 1980, you get $440/oz; If all paper silver suddenly becomes worth $0, then silver price is ~$16,000/oz based on a 360x ratio of paper/physical https://usdebtclock.org/ ;My opinion is that silver is quite similar to palladium, its sister metal and should be $1000/oz minimum (more physical silver can be made out of palladium which trades >$1300/oz).
GOLD: Adjusted for inflation it is very close to what it is now ~$4250/oz https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart ; US gov't will likely revalue gold holdings to $8.8k to $10k per oz because that provides ~$1T of collateral. Using paper/physical gold ratio we get $591k/oz using the 139x ratio (100% of gold paper would be worth $0 in this scenario). Realistically, if we factor in "hidden gold" and "currency demand" a reasonable price for gold is probably around $50k per oz, but at least 10x from current price, imo.
Wow! I'm sitting on about 350-400 troy ounces and won't touch it, it's not an "investment"... it's for barter if TSHTF.
Look at usadebtckock.org on the right side in the top 1/3. 5yr and 10 year projections.
Correction: usdebtclock.org
I did not see your comment until today. I thank you for the correction.
How do I buy bitcoin?
Several options: OPTION 1: I use https://www.mydigitalmoney.com/ for my IRA and add to it every year. This is easiest, and customer service is OUTSTANDING. You can have any big bank wire money to them for an IRA or setup a link from any bank/credit union for an Individual account (non-IRA). They do not force you to use KYC which is a digital ID in disguise being forced on everyone using regular exchanges when you try to self-custody your Bitcoin. OPTION 2: exchanges like Coinbase, River, etc. but they all use unconsitutional KYC digital ID. OPTION 3: Peer to peer exchanges such as https://bisq.network/ ;Always test with small values with a separate private wallet device rather than your main stash.
Yes but I don’t know how to buy a bitcoin anyhow. How about Fidelity?
I have a small nest egg from my dad of 50 silver dollars of various age, and silver dimes too, and 6 gold coins.
If things go sideways with the economy, which I don’t expect it to, I’ll have some bargaining power, but hopefully I’ll just be able to invest it into something like a house somewhere.
I am not an economist. but this is how i think of it. If we are using say gold and silver, we will make another term for it, lets just call it coin. we set the price of coin to one loaf of bread, Everyone left on earth (I am going to cry when I find the total killed over the last many years), will have plenty of this "coin" and it will always be worth a loaf of bread! Why do we need inflation, what will change? Inflation was "invented" by the bankers-enough said.
Inflation wasn't invented by anyone, it's a natural phenomenon of economics, which is one of the fundamental characteristics of human activity. When too many dollars (or coin) are trying to buy too little widgets or cars or anything else, you get inflation. Think of it this way: All car manufacturers can produce a finite number of cars, let's say for this example, they can only produce half-million cars in a year. Then suddenly everyone in the country wakes up one morning to find a box of cash on their front doorstep, or perhaps deposited in their bank accounts. Too many dollars, and a fixed number of cars.
Suddenly everyone is "rich!" and everyone decides on that day to go trade in their clunkers and buy a new car. Overnight the price of cars would go from, say $50K to $300K, or more. Inflation. Everyone would be competing for a small number of cars and a bidding war ensues. Same with houses, or widgets, or anything else.
With dollars being pumped into the economy (or left in boxes on peoples' front porches, or put into central banks...) we get inflation. It's just a natural part of the economics of any nation, whether it's the USA or Venezuela or the EU.
Thanks for the info, fren. I just seem to differentiate in my mind between normal price increases (such as the supply and demand example you gave above), and inflation. I think inflation is mostly cause by the people using a fiat money system, interest, and a handful of other abstract principles. JESUS hated bankers and moneymen, and i have never shaken hands with anyone smarter than him!
Well, there are market forces that keep most producers from raising their prices in an inflationary way... if say carmakers #1, 2, 3, and 4 all raise their prices to some unreasonable price, then carmakers #5, 6, 7, and 8 can not do so and they will get all the sales, and the price-raisers will be stuck with cars they can't sell. Markets always control what companies can charge, and that's why monopolies are illegal and unwise.
Doobie Bros Piles of Silver! https://www.youtube.com/watch?v=i7tJt6LOoP8&list=RDi7tJt6LOoP8&start_radio=1
I have no guess as to what would happen if POTUS abolished the Fed, but I would bet big money that he 100% will not abolish the Fed. So, to me, the thought experiment is moot.
It is not constitutional, moral, or practical. It only obfuscates where the money goes and costs taxpayers way too much money. It should have never existed.
What if he retained control of it ?
A very complex and opinionated question. Currency being at the root of the problem . A "Gold Standard" (coined phrase) another is "asset backed" (meaning commodities). Re-evaluation, often over used and highly manipulative. By revaluing , as in the case of gold.... you're accepting a deflated currency. If gold was to return to its original buying power precious metals would necessarily have to be devalued. The problem again lies in the confidence of the currency. (As an accepted method of exchange) Revaluation sounds good but only serves the government in refinancing the debt. Paying off the debt sounds good too but serves no useful purpose for the masses. Investigating the FED...ie the Banks and exposing a multitude of fraud schemes would be both good in wiping out the debt, but would also send the entire system into chaotic downfall. Digitizing or tokenizing all sounds good to a point, but if backed by a broken worthless currency it compounds and hides real value. Digitizing also has inherent issues of energy use, power failures , computerized security, programing, and privacy. Not to mention being backed by a broken worthless currency.
These are just a few points but it's much more complex than just these. Any system may work for a time, it's all based on Confidence! History is riddled with a plethora of ideas and trial systems, none of which have stood the test of time. There are just as many reasons for failure as there are stars in the sky. Until there's a perfect World...there will never be a perfect solution.
Quite possibly.
That's your account.
Lmao no, that’s not my account, I got that picture from telegram.
My account on Xitter got permanently banned for being an unfiltered, virulent racist.
yes
If that’s what the market will bear…..Then maybe.
Yes, you're hypothesis is incomplete though. Besides no national debt and a monetary system overhaul, you have to think of de-regulation, the Chevron ruling of the supreme court, and the pivot to true capitalism. I was talking with an old friend a couple days ago about this subject. We thought about the best way to explain it: it has been widely stated that corn farmers only get about four cents for the corn in a box if cereal. Lets say you were going to make a box of frosted flakes. If it takes four cents for the corn flower. you can probably imagine the sugar coating and everything for the process to be another 6-10 cents. I imagine with packaging, all-in maybe 30 cents Our company does not import anything, and taxes are not a big expense. Even with labor (which even with wages increasing; the personnel cost will be lower (mostly thanks to deregulation). so all-in and complete...lets say 50 cents. The grocery chain needs to make money (transport and brick and mortar expenses. That box of healthy cereal in less that a dollar in the shelf. While the farmer is paid more than currently, their costs are much lower (seed, fertilizer, and less government). Now think of the effect that in every step of getting that box of cereal to you, every person in that chain, makes more, but that is more than offset by lower regulation, normal ingredients ( cancer-causers are expensive!), common sense biz operations( no more money for a board that gives to BLM).So...We have a box of cereal that is currently 5 dollars selling for less than a buck! I might be crazy...but I think it will go something like that! P.S. I forgot that the farmer still uses John Deere combiners, but he can work on them himself.
What goes up must come down, except the prices of consumer goods. There's a better chance that taxes go down than billion dollar companies taking a loss on profit margins. - I actually have no idea but it would be pretty cool if prices did go down.