Does the fed inflating the dollar help us in the long run?

Tradex said:
Are you kidding??

Replace paper money with gold and you will immediately put a stop to all this nonsense.

"Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again."
Josiah Stamp.
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Western economies went off the gold standard during WWI. It's what financed the war. Fiat was supposed to go back to the gold standard after hostilities ceased but the price shock made it politically unpopular.

Fun fact, FDR outlawed the possession of gold by US citizens in executive order 6102.

The gold standard is an outdated narrative.
 
Tradex said:
Are you kidding??

Replace paper money with gold and you will immediately put a stop to all this nonsense.

"B****** was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again."
Josiah Stamp.
More...
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Partly true . BUT really-- who wants to back up an armored truck @ a REALTY closing + unload $ 333,ooo worth of silver + gold??
Its still a free country + silver + gold coins are still legal currency/but its a got a huge bid/ ask spread!!
As far as bankers owning the earth; NOT when its paid for + we have the title deed..
 
"As far as bankers owning the earth; NOT when its paid for + we have the title deed.."

Debt is a major epidemic...worse than covid

"who wants to back up an armored truck @ a REALTY closing + unload $ 333,ooo worth of silver + gold?"

don't need to pay for anything in gold. Just back the dollar with gold.
 
Tradex said:
Really?

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Yeah, I like Mike Maloney's gold vids. Still an outdated narrative in a digital information era. The market covid sell-off and move to cash and not gold during the uncertainty period is evidence of that.
 
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Tradex said:
Really?

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Sounds a little bias. With all due respect, there are a lot of organizations that gain popularity from selling out bad our economic system is. And not every politician wants to give away more free stuff (i.e. Ron Paul). Some of them want to address our debt problems. With Democrats being the ones that want to spend the most.

Ray Dalio's did one too, and he sounds more objective. He's not making fun of the system, but just explains how it is.

 
It's quite obvious there are parties that directly benefit and other parties that directly lose out on USD depreciation, and then there are indirect effects. Just as with any other decision in society monetary policy needs to be a compromise depending on context. The flat out wrongs in this thread are those that say "always bad/good".
 
murray t turtle said:
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Partly true . BUT really-- who wants to back up an armored truck @ a REALTY closing + unload $ 333,ooo worth of silver + gold??-------------------
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11 pounds. Man...

My first public job, one time when I got paid I took my entire week's pay in (real)silver dollars, was around $50, I think. I remember thinking "This don't feel like 50 bucks." It was 3 pounds of silver.
 
RGLD said:
Inflation is bad when you're not producing, you're just printing money.

But we have an export business and we compete with China to have our goods made here. A weaker dollar would mean it'll hurt Chinese exports and lower US trade deficit no?

Unless China inflates it's currency too...
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Depends what you own. If you're just in cash? Yeah it sucks. Do you own assets? Depending on what, could be neutral to positive, for a while anyway.
 
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