The Fed has no choice but to raise interest rates and crush the market

[Ricter]

Talking to you is like talkning to a wall, i have no desire to do it.

What a coincidence.

 

[Tsing Tao]

Why not bananas? At least they have the distinction of being food, which is a little closer to a real measure of value than ammunition, for most people, anyway. And bananas, like everything else you mention, could be exchanged for currency with which one could pay their bills and read their account statements--therefore they too are currency.

I have no doubt that bananas were used as currency at one point - and maybe still in some remote area. But bananas don't have a large exchange tracking them, so it makes it a bit more difficult to come up with an accepted price. Without a generally accepted point of value, it's hard to use something as currency - but it can be done, I suppose. If someone has a bushel of bananas, and someone else accepts it for a particular item or service, then that bushel is "money" in the situation.

 

[Tsing Tao]

What was the average hourly wage in the 70's?

It occurs to me bullshit is manure, which is bought and sold. So your bullshit is currency, too!

: )

Just curious. Are you attempting to say that wages have gone up as much as the dollar's value has gone down since the 70s?

 

[Max E.]

Just curious. Are you attempting to say that wages have gone up as much as the dollar's value has gone down since the 70s?

He knows that they havent he is just trying to be an asshole, there is no point in having a conversation with him about this kind of stuff, because he starts out by making you prove the most absurd things that we all already know to be true.

Only an asshole would start the conversation by attempting to make you prove that wages havent kept up to inflation, it is common knowledge.

 

[Tsing Tao]

He knows that they havent he is just trying to be an asshole, there is no point in having a conversation with him about this kind of stuff, because he starts out by making you prove the most absurd things that we all already know to be true.

Only an asshole would start the conversation by attempting to make you prove that wages havent kept up to inflation, it is common knowledge.

He does this in the attempt to distract from your original point as long as he can. Then, when you undertake his side detours and scavenger hunts and prove those points absurd, he feels he's distracted enough from the OP that the point is no longer relevant to the discussion.

Doesn't bother me. I like to give him all the rope I can and let him hang himself if he chooses to.

dbdistract is the same. He'll make an ambiguous comment in answer to a point you make in an OP...something like "And they wonder why we feel the way we do." He hopes you'll spend time on that worthless comment instead of the main topic - which he can't refute.

 

[Clubber Lang]

Just curious. Are you attempting to say that wages have gone up as much as the dollar's value has gone down since the 70s?

TT- you must have the patience of a saint. The trolling by ET's dregs has reached record levels. Feel free to use the ignore function

 

[Tsing Tao]

TT- you must have the patience of a saint. The trolling by ET's dregs has reached record levels. Feel free to use the ignore function

Why? They only make themselves look silly. And occasionally I even find myself agreeing with a point now and then.

 

[Ricter]

He does this in the attempt to distract from your original point as long as he can. Then, when you undertake his side detours and scavenger hunts and prove those points absurd, he feels he's distracted enough from the OP that the point is no longer relevant to the discussion.

Doesn't bother me. I like to give him all the rope I can and let him hang himself if he chooses to.

dbdistract is the same. He'll make an ambiguous comment in answer to a point you make in an OP...something like "And they wonder why we feel the way we do." He hopes you'll spend time on that worthless comment instead of the main topic - which he can't refute.

And yet, gold is not a currency. Not in "reality land".

: )

 

[Tsing Tao]

And yet, gold is not a currency. Not in "reality land".

: )

Sorry, Ricter. Your version of reality doesn't meet up with the rest of us.

 

[Tsing Tao]

And yet, gold is not a currency. Not in "reality land".

: )

Interesting. So Ricter says "And yet, gold is not a currency. Not in Reality Land." Yet in the attached video, Former Federal Reserve Chairman Alan Greenspan says exactly the opposite, October 29th of last year.

TETT: Do you think that gold is currently a good investment?

GREENSPAN: Yes... Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.

I know it's tough when we compare the expertise of Ricter against Alan Greenspan, but I'm going to have to go with Greenspan having a bit more weight here.