tag:blogger.com,1999:blog-6870648813893729932.post8569426855621228552..comments2023-05-10T06:19:33.953-04:00Comments on Today I'm Grumpy About: Explaining EconomistsGrumpyelderhttp://www.blogger.com/profile/16564199754847966303noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6870648813893729932.post-68433168693648070192011-01-04T18:13:38.622-05:002011-01-04T18:13:38.622-05:00I hadn't heard about that, wouldn't surpri...I hadn't heard about that, wouldn't surprise me, the Chinese are telling people saving money in Silver is the best hedge agaist inflation.. Might not earn you any money, but it protects what you have.Grumpyelderhttps://www.blogger.com/profile/16564199754847966303noreply@blogger.comtag:blogger.com,1999:blog-6870648813893729932.post-32720607941312834452011-01-04T17:40:19.985-05:002011-01-04T17:40:19.985-05:00And don't forget short selling as well. Isn&#...And don't forget short selling as well. Isn't there some sort of backlash going on about JP Morgan's manipulation of the silver market?Lewishttps://www.blogger.com/profile/00160796776367209989noreply@blogger.comtag:blogger.com,1999:blog-6870648813893729932.post-64393304854078139902011-01-04T17:21:44.125-05:002011-01-04T17:21:44.125-05:00Lewis, when the Fed hands out money, it's in b...Lewis, when the Fed hands out money, it's in big chucks.. enough to affect a commodity market or give a stock market a push.<br /><br />Why settle for loaning money out for long periods of time at a realitively low return when you can bump a commodity, lumber, oil, corn or whatever, and pull out a 4-5% profit in a matter of weeks? You can turn he same investment dollars 8-10 12 times in the Grumpyelderhttps://www.blogger.com/profile/16564199754847966303noreply@blogger.comtag:blogger.com,1999:blog-6870648813893729932.post-61376592274997608622011-01-04T17:06:14.411-05:002011-01-04T17:06:14.411-05:00Eventually the fact that there is no "free lu...Eventually the fact that there is no "free lunch" catches up to the bankers, as well. That's why folks like Soros are calling for the "orderly decline" of the dollar, so the bankers world-wide can get out of the dollar and still save their own ass. They just hop from one empire to the next, and have been throughout history.<br /><br />I'm sure they had high hopes forLewishttps://www.blogger.com/profile/00160796776367209989noreply@blogger.comtag:blogger.com,1999:blog-6870648813893729932.post-18341692837536761182011-01-04T16:52:10.806-05:002011-01-04T16:52:10.806-05:00On paper the Fed is suppossed to, prtect the Count...On paper the Fed is suppossed to, prtect the Country's Financal System, Keep Unemployment at an "acceptable level" and control inflation..<br /><br />Somehow most of the big banks come out on top everytime there is a bust.. so they do alright there.<br /><br />Employment never does well in a bust.. and real income always lags behind inflation, bust or no bust... they don't do Grumpyelderhttps://www.blogger.com/profile/16564199754847966303noreply@blogger.comtag:blogger.com,1999:blog-6870648813893729932.post-85001170330180008522011-01-04T16:32:05.412-05:002011-01-04T16:32:05.412-05:00Grumpy, Ron Paul has the best ideas about this (at...Grumpy, Ron Paul has the best ideas about this (at least of those in government...in fact , he has the ONLY good ideas in government about monetary policy), his idea is to have competing currencies, and let the market decide which is best. End the legal tender monopoly. His book End the Fed is recommended. Do you think it will ever happen? Hell no. Bankers control the world economy, period.Lewishttps://www.blogger.com/profile/00160796776367209989noreply@blogger.comtag:blogger.com,1999:blog-6870648813893729932.post-48195407066992993682011-01-04T16:19:52.237-05:002011-01-04T16:19:52.237-05:00So, what do you do if you already have a central b...So, what do you do if you already have a central bank.. one that's been in the business of devaluing our money for a century... because inflation helps us.Grumpyelderhttps://www.blogger.com/profile/16564199754847966303noreply@blogger.comtag:blogger.com,1999:blog-6870648813893729932.post-65245446735534248722011-01-04T14:36:16.876-05:002011-01-04T14:36:16.876-05:00Hayek also continued the scientific analysis on wh...Hayek also continued the scientific analysis on why socialism cannot work, first put forth by Ludwig von Mises. And it's not just because "you run out of other people's money" (parasites eventually outnumber the producers). Socialism cannot work even before you run out of the money, because of the problem of economic calculation involved in central planning.<br /><br />CentralLewishttps://www.blogger.com/profile/00160796776367209989noreply@blogger.com