Seeking Alpha

CoinsK

CoinsK
Send Message
View as an RSS Feed
View CoinsK's Comments BY TICKER:
Latest  |  Highest rated
  • Supply-Side Versus Keynesian Economics [View article]
    DV, it really is a hybrid of Keynesian/Krugman debt based economics.
    Aug 21 02:19 PM | Likes Like |Link to Comment
  • Supply-Side Versus Keynesian Economics [View article]
    SU wrote: "And as far as that "engineered" 97% depreciation, what damage has that done? 97% sounds dramatic but over a century it's what, 2% a year or so, perhaps 3%. Terrible, terrible.."

    How very snarky. New Rule ,you should understand how bad inflation really is before pontificating as if it's totally harmless. You essentially passed off a 97% loss of the value of the dollar as though it really doesn't matter because it was cumulative. So you actually act as if Keynesian /Krugman policies will have a positive outcome some day if they just throw more gasoline on the fire. It's as if you think that you can raise a bucket over your head while standing in it. It won't work .
    Aug 21 02:17 PM | Likes Like |Link to Comment
  • Supply-Side Versus Keynesian Economics [View article]
    Great Post DV !
    Aug 20 09:05 PM | Likes Like |Link to Comment
  • Supply-Side Versus Keynesian Economics [View article]
    SU, I disagree with your "Low Inflation" comment.Fed rates are not indicative of real inflation. The Fed has engineered a 97% depreciation in our paper currency during its century of incompetence and fraud, i.e., it has defrauded the working class out of much of its hard-earned money. Since 1999 the process has accelerated with repeal of Glass-Steagall. How long will it take to go the rest of the way? When the Roman gold coin reached .5% Gold content, the empire collapsed, not only economically but also socially and politically. Many people who should know better believe that we can merely substitute another currency and be back in the race again. That is not the way it works.

    When an economy collapses, there must be some entity to pay the bills. With a country like Argentina or Mexico, the big banks and the world economy take a hit, but it is small and causes no more than a blip in world economic activity. When an economy the size of ours collapses, it takes the whole world economy with it. With that goes the social and political structures also, because by that time the populace has completely lost confidence in everything, and does not know what to do.

    So what can we do? One fact we do not normally learn in history classes is that when Rome "fell" it was followed by Persia, India, China and the Arab countries. Only one government did not follow suit - The Byzantine Empire. Why? Because around 1100 the Byzantine Emperor Alexios I Komnenos did something no other head of state in history has ever done. The Byzantine coinage had gone from gold to silver to copper to base metals with its accompanying inflation, such as we are seeing now. By this time Alexios was in power, and he must have seen what was going on in the world around him, and he restored 100% gold coinage. The Byzantine economy was restored to health and the Empire lasted another 350 years when it was conquered by the Turks.

    Why can't we learn from Alexios? The change will involve some pain for everyone, but that is far better than what will happen otherwise. Do we want to leave behind us a healthy civilization ready to go another 1000 years, or do we want to leave only ruins? Time is running out, and that is one matter we cannot afford to put off.

    If our civilization does collapse,we can count on from 200 to 500 years to restore some kind of order. Until then we will be more like Somalia than Zimbabwe, ruled by warlords. This is no scare tactic. This happened around 1200 B.C. and again after the demise of Rome. We have overly romanticized the "nobles" and "knights" of the Middle Ages, but closer study reveals that they were warlords with their armed retinues. Is this what we want our legacy to be? We can joke about it and make puns on Yellen's name (I certainly have done my share), but we need to abolish the Fed and come up with better economists than we have now advising the government. They are what I call fake economists, because they have mindlessly embraced Keynesian economics. John Maynard Keynes did not invent Keynesian economics; the Romans did, and look where it took them.

    In 1835, Alexis de Tocqueville stated that the greatest threat to democracy was people voting themselves too many perks. We now know the truth in his statement, and it is time for us to adopt a more altruistic attitude, and admit that we have to pay for those perks, and begin to try to get this economy back on its feet. The past 6 years should have taught us an important lesson. If it hasn't, then we deserve whatever history has to dish out to us, and if we do not act now, that reckoning will be coming much sooner than we realize right now.

    By the way, there is one economic lesson I can impart here, which has great pertinence in the here and now. We are told that inflation is running about 1.5%, but the figures used to compute this figure are selected. Inflation manifests in three ways:

    A. increase in prices

    B. decrease in quantity

    C. decrease in quality

    Have you looked at the size of the containers of food you buy in the grocery, or have you noticed the quality of cloth in your most recent clothing purchases?

    Now you can decide how serious inflation is at present."
    Aug 20 09:01 PM | Likes Like |Link to Comment
  • Supply-Side Versus Keynesian Economics [View article]
    Tax rates were HIGHER under Carter. Reagan was lowering them. Your comment try's to portray it otherwise. Not so. The opposite has always really been the case Lower taxes = higher revenues. As Reagan said about the idiots that wanted higher taxes resulting in lower revenues"
    "My (Higher tax ) friends know so many things that aren't so"
    Aug 20 08:47 PM | Likes Like |Link to Comment
  • GLD: Bulls Are Playing A Dangerous Game [View article]
    Buffet once said : " Derivatives are a weapon of mass destruction" He should know ,he's helped to build them.
    Aug 20 03:32 PM | Likes Like |Link to Comment
  • GLD: Bulls Are Playing A Dangerous Game [View article]
    Buffet is a poor example as an argument against Precious metals.He owned a huge amount of Silver in the 90's and in to the 21 st century.His words mean NOTHING,watch what the old manipulator does,just like George Soros. Precious metals were an investment he used . He sold most of it to Barclays to start a paper trading tool known as an ETF. A great way to manipulate the price of Silver. Btw ,did you know when he sold to Barclays he was paid in Euros? Another case of a big 1% making an inside deal to further line his own pockets. PM's btw,are an asset that aren't liabilities of the 1% ers .
    http://bit.ly/1naRJSM
    Aug 20 02:54 PM | 2 Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 76.... [View instapost]
    Our resident psychic Dnorm says :"Oh, and I can probably make an educated guess at what you payed for your "physical". I bet it's similar to other people who make such boasts: always some price much lower than today such that the purchase looks reasonable. Miraculously, even with a relatively recent 30%+ decline price, the goldbugs never seem to be underwater."
    .........................
    So Norm you are a Stockroach only then? And you don't believe ANYONE sold Silver between 2011 and 2014 everyone just bought until 2011 at $49 per oz. and waited til now and sold at $19? That's some crazy math you do man. What planet is that from again? And didn't you say once there was no inflation because the media and "gubment" told you so? LOL

    Aldi's Grocery Inflation Calculator: Computed using 20 common grocery items from milk to eggs to soda, etc. Feb 2012 to Aug 2014, your money has lost 17% of its value. Inflation rate =7% per yr.
    Aug 19 03:41 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 76.... [View instapost]
    Bbro wrote "Over the last 25 years Silver is up 279%....McDonalds is up 1839% (dividends reinvested)...VFINX up 845% (dividends reinvested)"


    For the record Silver was $5 in 2004(10 years ago) now its about 4 X that. ................

    And just the other day I exchanged $3 at the Credit Union for 6- 40% Silver Kennedy half Dollars . About $18 worth of Silver Money transferred from someone who didn't understand the value to someone that does.How's the % of that work? And Zero risk involved . All in ONE day :)
    Aug 19 07:12 AM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 76.... [View instapost]
    Good point IT .And a good example. I exchanged $3 the other day at the Credit Union for 6- 40% Silver Kennedy half Dollars . About $18 worth of Silver Money transferred from someone who didn't understand the value to someone that does.
    Aug 19 07:07 AM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 76.... [View instapost]
    a·nal·o·gous
    əˈnaləgəs/Submit
    adjective
    comparable in certain respects, typically in a way that makes clearer the nature of the things compared.
    "they saw the relationship between a ruler and his subjects as analogous to that of father and children"
    synonyms: comparable, parallel, similar, like, akin, corresponding, related, kindred, equivalent
    Aug 19 07:00 AM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 76.... [View instapost]
    No confusion on my part at all. This example of yours shows how an analogy is based on wrong info in and bad info comes out. You see John it is known as MONEY because a quarter is legal to pay all debts private and public. The fact that Silver was in it means it was Silver Money. And it wasn't expensive like "diamonds ,or Faberge eggs",it was 25 cents per quarter ,NO PREMIUMS. So you have a faulty premise here with this mistaken analogy that you are using. The only way your example works is if there are no more quarters in the US. That hasn't happened. Nice try ,but it didn't fly.Now if that causes you fits of kicking and screaming feel free to do so. Rethink the equation ,I bet you are good at algebra so you will see your error if you do an objective review
    Aug 18 10:06 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 76.... [View instapost]
    The fact that Silver was in it means it was Silver Money. And it wasn't expensive like "diamonds ,or Faberge eggs",it was 25 cents per quarter ,NO PREMIUMS.
    Aug 18 09:57 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 76.... [View instapost]
    ...
    Aug 18 09:47 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 76.... [View instapost]
    IT, I wish SA wouldn't "Stack" all of my terrific posts in one group.I took a lot of effort to reply to individual posts.

    Hey here's something I thought of that you don't BUY with real Silver money (Pre-1964 Coins w/90% Silver content)

    VOTES They want Fiat Federal Reserve Notes."Folding money"
    LOL Sometimes i crack me up :)
    Aug 18 07:58 PM | Likes Like |Link to Comment
COMMENTS STATS
2,743 Comments
1,398 Likes