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Old 07-09-2018, 05:52 PM   #46
Jaric
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Collapse is inevitable.
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Old 07-10-2018, 07:02 AM   #47
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I guess I have one question, have we slowed down what appears to be the inevitable drive over the cliff or not?
I'll give you a far, far overly broad and simplistic answer....

Roughly speaking, the Fed interest rates are a barometer of the speed at which we are approaching financial collapse, by which I mean a currency collapse.

The higher the Fed rate is, the slower we approach the cliff, the lower the Fed rate, the faster we are approaching the cliff.

It's not exactly right, but it's kind of like traveling at x knots at sea....you know how fast you are travelling on the water, but not necessarily how fast you are actually moving on the planet....it's just a rough barometer of speed. So...economic growth is kind of like the current...it can speed up or slow down the ship, but the captain can speed up or slow down the ship's engine...so the Fed Interest Rate is like the ship's engine...a very rough barometer of speed.

And here comes the economic blather that you don't really have to read because it doesn't really answer the question.....

......................................................................................

So...when the Fed raises interest rates, you hear a lot of howling and protest in the markets and elsewhere...but it's kind of like weaning an addict off of pain killers...less is more if you want to be healthy, but it sure sucks for the addict along the path to well being. You have to ignore the howls and protest to heal the patient.

The primary problem with the Fed rate is that it isn't market driven, it's managed, which is why we have a "managed economy" and not a free market, in reality, in large part. We have a free market economy at the consumer level, but at the core institutions and foundational levels, our economy is about as socialist as you can get, things like interest rates and more or less all aspects of our banking system are largely isolated from free market mechanisms. We have built a free market, capitalist economy on top of a socialist/fascist foundation isolated and aloof from market demands and mechanisms....the Federal Reserve, Fannie Mae and Freddie Mac, stuff like that. These are not free market institutions.

When the people running these institutions fuck it all up, they call it "the business cycle". It's not. It's a "banking cycle", the inevitable and unavoidable result of fractional reserve banking, exacerbated by a fiat currency...money based on nothing that can be printed willy nilly to suit those that control the printing press. This is where inflation comes from....money being printed faster than production growth. If you keep printing money faster than you can produce goods, the exchange rate of money and goods will naturally favor the goods, because money becomes more abundant than the goods.
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Who is this self-important instigating douche-bag, anyway?
Dude, Baron has been a valued member of this forum for quite some time.
Peace, Prosperity, Liberty, Human Rights, Natural Rights, Civil Rights, Property Rights, Sound Money, Free Markets, Sovereignty, the Constitution, the Republic.

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Old 07-12-2018, 11:37 AM   #48
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Every Republican President in my lifetime, and a few Democrats as well, has pulled off a huge tax cut, increased the deficit by an order of magnitude and patted themselves on the back for the deficit fueled job growth.

Woohoo

Spare me the "How can we put this burden on our children" when a Democrat is in office please.
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Nicholas Wolterstorff, Lament for a Son (1987)
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Old 07-12-2018, 12:06 PM   #49
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