Inflation

Discussion in 'Markets & Economies' started by mmm....shiney!, Jan 16, 2021.

  1. vos

    vos Member

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    DXY moving atm more on UK and European financial masochism.

    Smith, yes. Keynes, his early thinking.

    Hayek lived in a bubble and Satoshi had no ideas of his/her own.
     
  2. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    With all due respect, there would therefore be some considerable personal bias with your opinions on the (against the) value of holding physical gold & silver at the moment. :)
     
  3. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    sheeple vs entitled "assett dominators". Today is no different to the medieval times. The sheeple marchiing off to war with their pikes and swords "for king and country" didn't appreciate that they were about to die so that rich people could gain or retain new lands and resources.
     
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  4. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    and how's that compared to Europe? How do you think this will play out for the short term and medium prospects of European countries energy needs? Not just winter for households but energy for industry to power entire nations economies. Even if Europe decided tomorrow to politically change tact and start getting gas again from the Russians on a limited scale, they now cannot. "Europe's"https://www.rt.com/russia/563605-kremlin-nord-stream-damage/ And just in case anyone screams "Commie propaganda", here's the Murdoch news take https://www.abc.net.au/news/2022-09-27/nord-stream-gas-pipeline-leaks/101480172 And based on this, https://www.euronews.com/2022/09/27...opens-in-key-move-to-cut-dependency-on-russia it appears that the Baltic Pipeline (from Norway to Poland) which [co-incidentally] was inaugurated only yesterday, was not damaged.
     
    Last edited: Sep 28, 2022
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  5. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Just looking at the macro picture at the moment around the acquisition of all assets and trying to keep personal bias out of it . So I'd rather be in cash at the moment.
     
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  6. precious roar

    precious roar Active Member

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    I'd say property and gold are still good but cash is going to be handy soon-ish.
     
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  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I would disagree with you there ;)


    From Keynes = fiscal stimulus when under a centralised authority in order to increase the amount of money in the real economy.

    From Hayek = private currencies that can be inflated/deflated as required in order to protect purchasing power.

    From Satoshi = a decentralised payment system that overcomes the problem of the double spend without the need for a third-party authority.
     
  8. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    Cash... something I never really looked at until recently but has taken on serious personal seriousness of late (deliberate play on words). It's very very interesting looking at these graphs.... (1) EURO to USD conversion rate for the last 20 years (2) EURO to USD conversion rate for the last 20 years with key international events/incidents overlaid (3) AUD to USD conversion rate last 5 years (4) AUD to EURO conversion rate last 5 years
     
  9. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    I also find these graphs interesting.... historical price of gold in (1) AUD (2) USD and (3) Euro, particular since January 2020, and looking at relative "highs" during that period of time. As a caveat, I used the graphs at BullionVault as my source for historical pricing comparisons.
     
  10. lucky luke

    lucky luke Well-Known Member Silver Stacker

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  11. vos

    vos Member

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    Thanks. I was bombarded with this academic dribble when I was 18, 19.. :)

    Actually, when young, Keynes was a spectacularly insightful and pragmatic capitalist. Turned big govt socialist decades later.

    Mimic gold's supply and demand. Certainly wasn't the first libertarian to suggest or attempt this in digital form. Double spend was never solved, just has a high cost in energy to overcome.
     
  12. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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  13. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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  14. Michael Kay

    Michael Kay Active Member

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    Get your BOBs ready! The word "system", "systemic collapse' and "liquidity crisis" are going to be heard a lot more. Central banks will choose absolute destruction via hyperinflation rather than a deflationary depression. Both roads lead to crisis, then collapse, and sooner or later. Credibility is lost with each passing day.

    Global markets surge after Bank of England intervenes in bond market to rescue UK financial system
    https://www.abc.net.au/news/2022-09-29/asx-wallstreet-markets-currencies-commodities/101484692
     
    Last edited: Sep 29, 2022
  15. dozerz

    dozerz Well-Known Member Silver Stacker

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    pretty much sums it up

    upload_2022-9-30_11-38-49.png
     
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  16. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    ^ mainstream financial commentators
     
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  17. dozerz

    dozerz Well-Known Member Silver Stacker

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  18. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Using monetary policy to combat inflation is a pointless exercise, but mainstream financial commentators just don't get that.

    Air dropping money helps people stay alive.
     
  19. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    They even call it a rescue haha.

    Hey i threw a puppy in the river then saved it from drowning, what a hero!
     
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  20. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Monetary policy is a blunt instrument that attacks inflation created by supply constraints by raising the cost of the only good that it can target - housing.

    Yay!! Let's all sit back and cheer on our Central Bank heroes and their austerity measures.
     

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