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    Greenspan debunked the gold standard?

    We did outlaw democracy - 200 years ago when the Constitution created this republic. Only recently have we been mentally transformed into a democracy. Precisely because the mob can be more easily manipulated. By the way, we're not rationally/logically manipulated. The public is too stupid...
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    What's the monetarist criticism of the austrian theory of the business cycle?

    THAT is the key question. The reason why is because gold does not benefit those who wish to intervene in the markets. ie. parasites. 99% of the planet doesn't understand and can be sold on simplistic associations such as: "gold is deflationary", "gold caused the depression", etc. etc. It...
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    Is the dollar tied to oil

    The dollar is 100% worthless paper backed by the fact that the world's oil must be purchased in dollars. Without the oil backing, the true value of the dollar would become apparent - $0. Facts: - Before 1971, world trade was transacted in dollars but settled in gold - We were printing more...
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    What's the monetarist criticism of the austrian theory of the business cycle?

    This would be correct if the total goods and services available in the economy was static. You're forgetting to factor in productivity. The goods and services available today are exponentially more than 20, 30, 50, 1000 years ago. That productivity will far outrun any giant gold deposits...
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    Greenspan debunked the gold standard?

    Just because common thieves don't have the capacity to organize themselves to influence public opinion in order to achieve their goals, doesn't mean noone does. Certainly traders should understand this concept: while building or liquidating a position, large traders will influence the public...
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    Greenspan debunked the gold standard?

    I don't remember saying that. I said the goal of the banks was to install a central bank in the United States. In order to achieve that goal, they actively intervened in the economy to manipulate the business cycle. The Panic of 1907 was an example. The purpose of those manipulations was...
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    Greenspan debunked the gold standard?

    Nice emotional arguments. Do you have anything factual to say?
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    Greenspan debunked the gold standard?

    Not sure if this was mentioned, but to the original post: The premise that: "the gold standard was functioning as close as you can get to its ideal" is wrong. The period of 1879-1913 was a period of economic warfare. The banks wanted a central bank (the Fed), so they actively interevened...
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    Fed is F@%#ed

    My theory is the Fed will lower interest rates to keep the consumer going. The military will be used to make sure the world keeps buying dollars.
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    What's the monetarist criticism of the austrian theory of the business cycle?

    Yes newly mined gold is inflationary, but it requires a significant amount of work to extract the new gold. It can't be printed. Also, the productivity of society increases at a much faster rate than new gold is introduced so the overall effect is deflationary. As mentioned above, the...
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    A gift. Thank me after you get rich.

    Some sites that show the true statistics: http://mwhodges.home.att.net/ http://nowandfutures.com/index.html http://www.shadowstats.com/cgi-bin/sgs?
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    The Fed, fractional-reserve lending and source of inflation

    The difference between those fights and this current one is the Internet and its ability to spread ideas without censorship. In essence, do you believe people are inherently stupid or can enough be educated? The more that help lead... maybe enough will wake up.
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    Fed Reserve....is It Capitialism Or Socialism

    I suppose to answer the thread's question, the Fed is capitalistic because they have capitalized on weaknesses in the Constitution's design and capitalized on their power over the economy to create vast wealth for themselves and their associated commercial banks. While the organization may...
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    Fed Reserve....is It Capitialism Or Socialism

    It's all about emotionally training the masses. Leading and pacing and associating. Some documentaries from the BBC: The Century of Self http://www.archive.org/search.php?query=century%20self%20adam%20curtis The Power of Nightmares...
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    What does Mr. Greenspan really think?

    http://www.fame.org/PDF/MG_ISBN097103804X.pdf
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    It's the oil burse, stupid!

    Count up the total dollar value of all the above-ground oil, soybeans, sugar, corn, gold, etc. that is bought, sold, and speculated every day. There is a bank account denominated in USD holding that precise amount. Then add in expectations for future purchases (reserves) or accounts that are...
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    The Fed, fractional-reserve lending and source of inflation

    "I believe that banking institutions are more dangerous to our liberties than standing armies." Thomas Jefferson "Give me control over a nation's currency and I care not who makes its laws." Baron M.A. Rothschild How the government creates money: -Treasury prints a bond -If it isn't...
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    Why does Real Estate appreciate?

    It's because the house price continually compounds at the inflation rate (as does the rental price), but the principal never changes. Say you start out with: 100,000 house 1,000 payment 1,000 rent In 10 years: 300,000 house 1,000 payment 3,000 rent The buying power of the house...
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    Why does Real Estate appreciate?

    Well.. let me amend that. I've spent 15 years studying real estate and for the past 3-4 years I've been studying inflation and its causes. That study has led me in some unexpected directions. But it's the combination of understanding how inflation works with watching real estate prices that...
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    Why does Real Estate appreciate?

    The idea occurred to me the first time I read that statistic. If appreciation is the same rate as inflation, it's the only logical conclusion. I haven't seen it anywhere else so I can't point you in a direction. But it sounds like the professor mentioned above would agree.
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