Re: Why Its Pointless To Argue With Global Warming Believers

ZnU wrote:

In article <DdmdnUjY7fAIkBPZnZ2dneKdnZydnZ2d@xxxxxxxxxxx>,
GreyCloud <mist@xxxxxxxxxxx> wrote:


ZnU wrote:


In article <aYSdnV7R84cQNRDZnZ2dnUVZ_tudnZ2d@xxxxxxxxxxx>,
GreyCloud <mist@xxxxxxxxxxx> wrote:



ZnU wrote:



In article <LsmdndS5jal6bxHZnZ2dneKdnZydnZ2d@xxxxxxxxxxx>,
GreyCloud <mist@xxxxxxxxxxx> wrote:




ZnU wrote:




In article <2tWdnXOw3v7eGhbZnZ2dneKdnZydnZ2d@xxxxxxxxxxx>,
GreyCloud <mist@xxxxxxxxxxx> wrote:


[snip]




No, it goes to show that the dollar is no longer artificially tied to the value of an arbitrary commodity that's primarily valuable because people like shiny objects.

Please explain how gold has more intrinsic value than the paper USD.


It seems that you still do not understand that the USD is sinking fast.


Actually, if one looks at the consumer price index, it's sinking fairly slowly, and wages are growing fast enough to offset that. And a moderate amount of inflation is good for the economy, because it encourages people not to stick their money under the mattress.


But those that have already retired *are* losing. They can't keep working forever till they drop. A stable economy that isn't into inflation is what they need.


As I said before, if you can't find a vehicle for your savings that can stay ahead of typical inflation rates experienced by developed-world currencies, you're an idiot.

You'd better tell that to all the financial advisors out there then. It is suggested for people, 5 years in advanced, to more their investments over into stocks that pay dividends. But right now, it isn't a good idea. Even Suzie Orman has made this statement public on TV. Move your assets into a highly liquidable account like CDs or bank accounts.
The only idiot will be the one that believes the financial advisor that says to keep your investments where they are when you are retiring.


None of this has any relationship at all to what we were discussing.


But seeing that inflation is now about to take off, and for all practical purposes is, these dividends may start to lower. There is no magic bullet in this, just something we have to put up with due to the way the monetary system is set up.


Let's list the unsupported assumptions:

1) Inflation is about to take off.

It is taking off. Where are you?

2) Dividends will lower as a result.

Because interest rates for loans are going up. This will impact the businesses that you say need those loans.

3) This is a result of having a monetary supply not backed by gold.

You really should try to make an actual argument, one of these days, instead of just asserting a lot of things that you believe are true.


Say Person A and Person B gets a loan and the fact that the bank holds all of the money to loan and there is 0% in circulation. Person A gets $100 and Person B gets $100, both at 10%. Person A pays off his loan by working from a business that also needed a loan from the bank, and the same for Person B. But where does both get enough money to pay the interest? By the fact that someone else gets a loan, adinfinitum.
This is how money is created, basically out of thin air.

In 1941 there was a banking committee asking a banker how money is created. Answer: we create it.

Even tho it appears to work over decades, eventually this ponzi scheme will collapse like all ponzi schemes do.



Gold is *viewed* as a commodity because the US left the gold standard.
This leaves the door wide open for large financial corruption, like Enron for example. But it won't be too long now, as there is a bottom.


You may now explain in detail how gold-backed currency would prevent companies from misrepresenting their earnings.


Over the time between now and 1950, the laws were entirely different and most were changed, partly due to the banking lobbyist.


Actually, what Enron did was pretty blatantly illegal; the problem in that case was lax oversight, which is what you get when you elect a government full of people in bed with big business.


Which was one of my early statements "That's how corporations run government."


Now, what laws that do exist doesn't appear to them to be threatening enough to stop them. Worse is that they know they'll get a high cost lawyer to defend their actions. Greed seems to be the norm these days rather than the exception, but the gold standard wasn't designed to keep companies honest, it was to keep government accountable for their spending and keeping honest books.


So why did you cite Enron as am enable of the kind of "large financial corruption" that occurs without a gold-backed currency?


Because there were no business scandals when the currency was backed by gold. I sure haven't heard of any.

http://www.progress.org/reform21.htm

A good one to read. Most won't agree with what was written tho.



--
Where are we going?
And why am I in this handbasket?
.

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