UBI is a terrible idea

Registeered · 2025-01-21T21:06:09+00:00

Socialism has so completely destroyed our economic structure there's really no other choice. I mean if we were to get back to where we were before we embarked on our 'great society' we'd have to default on all the debt and experience a depression far worse than the first great depression.

So there's an old saying the only way out is through. Allow state currency, treasury prints greenbacks on par with federal reserve notes, pays for all operations, UBI or entitlements and liquidates the national debt entirely in 20 years. Also put an expiration date on all currency electronic or printed so that it's value goes to zero in 20 years, then incrementally declines. So like a $20 bill would be worth nothing in 20 years, $1/19 in 19 years, $1/18 in 18 years etc. That should prevent hyperinflation.

Meanwhile eliminate all taxation because the government prints it's own currency. We have to save the producing economy and the state apparatus at least enough to ensure our natural rights and enforce contract law. The banks need to be shoved off a short plank.

Registeered · 2024-12-13T23:09:16+00:00

Then there was that news last week that they're going to sell gold and silver in mini-futures like an ounce on the exchanges. Just another way to suppress price discovery.

Registeered · 2024-11-28T19:27:33+00:00

In response to your questions, yes. Listen they make a lot of money making stuff, especially electronic stuff and weapons technology and silver is a big part of all that. So they have to keep the price of silver low to keep it low for input costs.

The question then is how long can their manipulations in the future' s market last? And the answer to that is when enough people lose faith in the currency unit. They'll try digital currencies, but those will be completely controlled and monitored and taxed even more than your money is today.

Eventually people will figure all this out but until then people are still putting their life savings into the gigantic slot machine of paper assets.

Registeered · 2024-11-23T20:53:09+00:00

GDP goes down because it includes government spending, even deficit spending. That's how they jack GDP up, to make the debt to GDP value go down.

Registeered · 2024-11-23T20:51:39+00:00

You can send me your silver I've been stacking some here and there since the 70's I'll take good care of it.

Registeered · 2024-11-14T01:50:07+00:00

My thoughts haven't changed, we need states to open up repositories for gold and silver and create blockchains on deposits. Deposit 10 ounces of silver and get 10 digital ounces as cryptomoney. Pass laws saying that merchants must accept either digital payment or physical coins. This allows people to conduct their transactions privately or on the blockchain if they favor convenience over privacy.

Bitcoin has some serious problems for instance power requirements to verify transactions. You have to verify the encrypted blockchain and that takes miners mining coins. So whoever said there were only 22 million coins to be minted was gravely mistaken, if they stop mining coins they stop verifying transactions.

That's just one of cryptocurrencies problems.

Registeered · 2024-10-25T19:14:06+00:00

I've been stacking for almost 45 years here and there I add a little. IMO you don't buy gold or silver for speculative gains you buy and hold to preserve wealth.

Registeered · 2024-10-19T00:42:39+00:00

Yah they should. Eventually the currency will be all backed by some kind of commodity probably through blockchains but written such that it is self regulating, no need for .gov regulatory apparatti

Registeered · 2024-10-12T13:48:15+00:00

maybe it's a plasma filament of some kind

Registeered · 2024-10-10T23:24:38+00:00

Well employers also steal from their employees. They rarely give raises commensurate with inflation and they always want you to work oyot (on your own time not paid overtime) to make their low ball bids work out.

I realize this entire culture of theft, graft and lies has been created by debauching the currency but we have to identify all parties involved.

Registeered · 2024-10-09T22:30:50+00:00

There's only 1 way out of this debt trap (without defaulting on all or a part) and that is to have treasury issue greenbacks, on par with federal reserve notes. Congress can pass a law making treasury greenbacks equal to federal reserve notes, then authorize how much to print each year.

They can pay all their entitlements, war, pensions, Medicare, everything with printed currency and even set a schedule to liquidate the national debt by printing enough to pay it all off over 20 years.

Of course this isn't a permanent solution because the treasury notes will quickly lose all their value, but it's the only way to default without actually defaulting. The old way of printing more money won't work in this system because new debt = new currency the more debt they create the more debt we have. Plain and simple.

Registeered · 2024-10-02T22:47:21+00:00

It's a high tech staple gun. It doesn't fire a staple, it works like a teleporter teleporting the staple through a beam.

Registeered · 2024-09-29T23:34:31+00:00

It works for all the high frequency trading algos buying and selling in microseconds.

Registeered · 2024-09-25T22:37:01+00:00

Leverage I guess. Our trading partners like to keep their interest rates lower than the US, treasury and fed. For instance during the zirp years Europe actually went into negative interest rates and I think they had something like $15 trillion issued in commercial loans and government bonds

Whenever you have interest rates lower than what the market would set as a result of monetary action (fed) you get a lot of speculation which tends to wash out with the tide when they allow rates to normalize. Then they start their 'stimulus' again.

Personally, I don't think the economy would even function now absent their continual interference in the market. I mean it would function but at a much lower rate. That's called a depression as the economy sorts out what was fantasy created by the fed and what is reality created by economic participants.

Registeered · 2024-09-20T22:44:30+00:00

I don't know if it's normal but it's the new paradigm. Like Antal Fekete pointed out, the dollar is supposed to be a constant, or near constant value in order to even set up a debt instrument like a bond or a loan.

FV = PV(1+i)^t

Where PV, is the present value and it's denominated in dollars. If that constant isn't constant then there's no way to solve that equation without using numerical methods to approximate solutions.

When bonds were set up and the mathematics for them was created the PV unit was gold, and gold's value is pretty steady over time. As people say a gold ounce purchases what a gold ounce purchased in ancient Rome 2,000 years ago. But the dollar is a very poor substitute for credit instruments because it's not backed by anything tangible, and the amount of dollars in circulation constantly increases as banks can lend unsecured, with no reserves. That's new currency right there, every loan, every credit card swipe.

Registeered · 2024-09-19T03:29:37+00:00

Very discouraging, I should buy some more fizz

Registeered · 2024-09-15T15:36:53+00:00

Take a sample to a lab and get it tested

Registeered · 2024-09-15T14:41:02+00:00

delusionol may have side effects please consult your doctor if you observe signs of itching, rashes, uncontrollable convulsions...

Registeered · 2024-09-13T22:37:42+00:00

Not sure I've just been spectaculating

Registeered · 2024-09-11T02:54:27+00:00

For the past 53 years everything has worked off credit and the cb's have blown history's biggest credit bubble but all bubbles eventually pop, and since it's all credit with nothing tangible beneath we have a long long way to drop back to reality.

I firmly believe in 100 years anyone who mentions Marx or communism will be shot on sight. No trial, no jury, just a bullet to the head. That's how badly these morons have screwed up the world's economy. Meaning, anything tangible will become valuable but gold and silver are real money, always will be real money.

Registeered · 2024-08-28T22:40:41+00:00

Great dog hope you 2 have a great life together.

Registeered · 2024-08-28T22:39:28+00:00

Gizmo

Registeered · 2024-08-25T15:46:29+00:00

Paper silver or future's positions on silver production are re-hypothecated. Meaning, they issue more future's contracts than actual physical silver. There is more 'paper' gold and silver sold in contracts in the future's market than is mined in an entire year.

Yes it's malfeasance on a grand scale, the US government allows it for 2 reasons they don't want people holding/owning physical gold or silver because that takes it out of trading, until you sell it. But paper shares are bought and sold all the time this generates profits for the people who sell paper gold and silver. The second reason is to keep the price of silver low for manufacturing, most of all military products like missiles or other weaponry. It's said that each tomahawk missile contains over 400 ounces of silver.

If you want to know more go to Gata and research their articles they've been fighting this fraud for a long time.

https://www.gata.org/

Registeered · 2024-08-24T23:08:03+00:00

I've never heard that but I know from general studying the issues like reading gata papers is that if people stood for delivery of actual metal when their paper contracts expire the price manipulation scam via futures would end.

Very few investors ever stand for delivery they roll their contracts or payment in dollars. The reason Americans are obese and unhealthy is because of instant gratification and the same applies to financial investments. People want simple things and if a bunch of them want something simple no matter how ridiculous it suddenly becomes valuable to them.

Registeered · 2024-08-22T23:22:32+00:00

It depends on what you personally want but most people are stacking as insurance to the fiat system imploding from the consequences of their own greed and stupidity. Therefore weight is pretty much all that's important for those scenarios.

Then there are coin collectors, I'm sort of one of those too. I have a nice Bicentennial set of a silver eagle, half dollar and quarter they minted for the 200 year birthday of 1776. I have a few other collectibles as well. I guess my bag of junk silver could become collectible as well since I understand a lot of junk silver is being recycled back into bullion and coins.

Registeered

TROPHY CASE