Why is plat so important????

[fadetree]

The value of money is based on what people will trade for it. There is no such thing as intrinsic value of money, virtual or not. Even gold as a metal isn't worth much compared to its currency value...it's a good conductor, but too soft for much else. But, females like it, and thus ( at least theoretically ) it can be traded for getting laid. Now...*that's* value.

[koros]

Seriously, stfu about the Fed. I've heard all these arguments before. You have absolutely no clue what you're talking about.

[Ele]

Originally Posted by koros [You must be logged in to view images. Log in or Register.]

Seriously, stfu about the Fed. I've heard all these arguments before. You have absolutely no clue what you're talking about.

Share your wisdom instead of saying everyone else is incorrect!

[joppykid]

Originally Posted by Tecmos Deception [You must be logged in to view images. Log in or Register.]

I couldn't even read the second post made by the OP before my brain melted.

Holy shit.

This

[Frieza_Prexus]

Originally Posted by Ravager [You must be logged in to view images. Log in or Register.]

The dollar started to lose it's value when the Federal Reserve was created, because from that point forward every dollar was printed as debt. Debt that is paid for by Federal Income Taxes (that's right, if there was no Federal Reserve, there would be no 16 Trillion Dollar Debt and you wouldn't be paying 20% of your paycheck to pay the interest on that debt). If there was no Federal Reserve, the dollar would only be worth a small fraction less than it was in the early 1900's, because the inflation would have matched the amount of new gold coming in the market which would have been less than 1% per year.

Yet the population grows at closer to 3% leading to more overall demand relative to the money supply (EDIT: UNDER A GOLD STANDARD) which grows at 1% leading to a deflationary economy.

Who here is brave enough to ride the bimetallism horse?!

[Kraftwerk]

Originally Posted by Frieza_Prexus [You must be logged in to view images. Log in or Register.]

Yet the population grows at closer to 3% leading to more overall demand relative to the money supply which grows at 1% leading to a deflationary economy.

Who here is brave enough to ride the bimetallism horse?!

Energy and Food prices - up.
Worthless gadget prices - down.
Economy labelled deflationary - check.

[Kraftwerk]

Y'all should just chill out anyway. December 21st 2012 bros. I liquidated my 401k, haven't paid rent in months and have spent most of it on hookers and coke. I'm really banking on the world ending in three weeks.

[Splorf22]

Originally Posted by Frieza_Prexus [You must be logged in to view images. Log in or Register.]

Yet the population grows at closer to 3% leading to more overall demand relative to the money supply which grows at 1% leading to a deflationary economy.

Who here is brave enough to ride the bimetallism horse?!

My father told me a story once. In boarding school (50s I guess) and out of cash, he managed to find a $5 bill in one of his socks, which was enough for him to eat for a week on 35 cent chili dogs [You must be logged in to view images. Log in or Register.] On a more personal note, I remember bitching when gas hit 85c/gallon a mere 15 years ago.

Meanwhile the Fed estimates that M1 has gone up by almost 10x since 1960 - about 6% per year.

How can you possibly call this deflation?

[Raavak]

Think he is saying if we were still on a gold standard we would be in a deflationary economy.

We are in an inflationary one, and the FED is doing it intentionally, as a part of its job. The theory is that some inflation is good. And since inflation devalues debt expect the inflation rate to go up until the US national debt comes under control.

[shooteneq1]

Not only does it devalue debt, it also devalues savings, we are all perpetual serfs to the bankers.