For a man such as Jerome Powell to have the courage, to pull out a knife to hack off his arm, would mean that he actually had packed something in the first place. My vision of this man, is that he is not only lost. But he is buck naked standing there wondering if he should go forth into the briar patch, or let the impending tornado behind him come and sucketh him away.
Knowing that he didn't have the foresight (or the balls) to pack everything he needed for the trip in the first place, my bets are all on him doing absolutely nothing. And letting that tornado take him back to Kansas. The hard way.
PG V: I think you're the moron. Hope you are not married. Who could stand you for very long. You have an inflated ego (under statement). I know my history very well and, by the way, I have a Master's Degree and retired from Banking as a Vice President. Also, I have been investing for a long time.
You should know that people who belittles others are very insecure themselves.
Let's ignore PG V and get back to Becas question, with crypto what happens to gold and currency? Does anyone actually know? The idea that there is a black economy and massive corruption should be a given, the idea that crypto is a cure is lost on me, someone explain please.
Ignoring PG V is a great idea. Crypto is complicated. I don't own it but maybe I should. Gold, silver and some other metals, I think, will always have value. The dollar..not so much!
Thanks D. Agree to ignore. Has been disrespectful to me first time I asked a question. Thinks he knows everything. Overbearing & arrogant. Someone made a comment that he should just get his own blog & go away.
And I do have investment accounts, just not a Brokerage. I will refrain from replying to any of his tirades in future. He must have a lot of time on his hands. I also sent a private message asking for everyone to be respectful 😊
I do own crypto & even tho it’s very volatile it’s been my best investment so far. Follow Max Wright for best explanation on how Bitcoin will save the world😬
There probably ins't enough currency paper to print the trillions that the Federal Reserve has authorized; and it is naught but computer blips . . . ones and zeros. What this nation needs; therefore, is a damned good hacker to gain access, call up Bill Bonner and ask, "Now what?"
Oh here it is, the old saw, the sky is falling, everyone, buy gold. I hate that advise because for regular folks gold does not keep out the rain and cold nor can it feed you unless someone wants it more than the store of actual food that they have, (fat chance I'd say). The currency devaluation is only troubling if wages don't keep pace. The "problem" is debt, that part the old boy got right, the solution at this late stage, besides devaluation, is what????
Bill, I agree with you regarding inflation, however, the trend started long before Powell, I am not holding Powell, in high regard only that he is adding to the issue not starting. Ralph Wood
Since 1980 the inflation rate is up 244%, the buffet indicator is at 202%. The juxtaposition of those numbers indicate a normal progression rate.
The economy is moving along nicely despite what the media reports on all aspects of life. It is strong and financially sound. Go out for a drive and look around. Lots of shopping, dining, and vacationing happening. People filling up their gas guzzlers to the brim! 😂
Gold looks beautiful in the movies, and that’s probably where it should stay.
I suppose we could also dig a nice hole in our back yards, stick our heads in and ask our neighbors (as politely as one could ask such a question) to fill the hole in around our heads with the dirt we had just repatriated from the ground. And while we're at it, cancel the insurance on our house (because we've never had a fire in the last 25 years either).
The key here, is that everything about this blog, is what you can do to insure your financial future, won't go up, like a dumpster fire at 2:00 am in behind a bar.
Economy normal? Our local Honda dealership doesn't have a single car in its lot. Can't get them. Why? Chip shortage is keeping most of the cars, sitting in fields waiting for parts. One of our clients, an autobody shop, that normally has 10 cars in its garage, has 40. Why? Can't get parts. Multiply that by a few million body shops the world over, and this isn't a glitch. We resell computers. Never in my 20 years of dealing with computer vendors, have their quotes NOT been honored after 7 days. Until this year. I was at Ikea last night. Furniture that I could ALWAYS pick up (KALLAX) is Temporarily Out Of Stock. Shipping problems, was the word.
This sh*t is real. Never in my 60 years of existence, have all these crazy things - 0% interest rates, 7% inflation, spending 4x GDP, nations in deep, self imposed debt, housing costs through the roof, lack of workers because they'd rather collect free government cash, can't get the staples of life, wars keeping 15% of the world's food off people's tables, displacement of another 10 million people, ALL happened at once. At least not in my life. Perhaps, someone from Rome around 400 AD might argue otherwise.
This email newsletter is not for everyone. You might just be a troll. Saying keep your money in your banks, so you can buy cheap gold. Or you actually might not see that the forest is on fire. And is about to smoke your house behind you, while you water your lawn in the front yard.
Doesn't matter.
The rest of us will do, what needs to be done. So that if our house DOES burn down, we'll insure we have allocated our resources in the right places, to rebuild. After the fire rips thru the rest of town.
I truly enjoy your perspective, and it might actually be a reality that I can’t seem to grasp or deny. Like they say, “The Nile is not just another River in Egypt.”
But no Sir, I am not a troll, or trolling to bargain hunt for gold. I love this subscription because it’s like finding a gold fish in a barrel of mud.
Mr. Bonner is the gold fish, and the mud is all the useless information out there and governmental actions in continuum. I used to have like 100 other subscriptions (literally), and this is the only one that I follow. 😀
I have heard some of the things you mentioned in your reply, first hand, from people that I personally know, limited or no car or furniture inventories, ect. It is convincing when the message is coming from real people, not the news or some social media fad.
Sometimes I like to think what an imaginary peaceful world would look like. 😀
I also have done the same thing as you. Gone from dozens of newsletters, to a single one. This one.
I didn't mean to come across as an as*hole either. Just wanted to make sure that you had the same perspective that we're seeing. Lots of money out there. Little product. Means that for every two people vying for a loaf of bread, the baker will sell it to the one who gives him the most money. Which translates into inflation.
Someone is getting those chips. And since I am willing to pay more to get that chip, so is someone else. So the vicious cycle will continue.
For a man such as Jerome Powell to have the courage, to pull out a knife to hack off his arm, would mean that he actually had packed something in the first place. My vision of this man, is that he is not only lost. But he is buck naked standing there wondering if he should go forth into the briar patch, or let the impending tornado behind him come and sucketh him away.
Knowing that he didn't have the foresight (or the balls) to pack everything he needed for the trip in the first place, my bets are all on him doing absolutely nothing. And letting that tornado take him back to Kansas. The hard way.
PG V: I think you're the moron. Hope you are not married. Who could stand you for very long. You have an inflated ego (under statement). I know my history very well and, by the way, I have a Master's Degree and retired from Banking as a Vice President. Also, I have been investing for a long time.
You should know that people who belittles others are very insecure themselves.
Insecure isn’t the half of it.
Let's ignore PG V and get back to Becas question, with crypto what happens to gold and currency? Does anyone actually know? The idea that there is a black economy and massive corruption should be a given, the idea that crypto is a cure is lost on me, someone explain please.
Ignoring PG V is a great idea. Crypto is complicated. I don't own it but maybe I should. Gold, silver and some other metals, I think, will always have value. The dollar..not so much!
Thanks D. Agree to ignore. Has been disrespectful to me first time I asked a question. Thinks he knows everything. Overbearing & arrogant. Someone made a comment that he should just get his own blog & go away.
And I do have investment accounts, just not a Brokerage. I will refrain from replying to any of his tirades in future. He must have a lot of time on his hands. I also sent a private message asking for everyone to be respectful 😊
And thank you for respecting my question!
I do own crypto & even tho it’s very volatile it’s been my best investment so far. Follow Max Wright for best explanation on how Bitcoin will save the world😬
There probably ins't enough currency paper to print the trillions that the Federal Reserve has authorized; and it is naught but computer blips . . . ones and zeros. What this nation needs; therefore, is a damned good hacker to gain access, call up Bill Bonner and ask, "Now what?"
Tom
If the US goes to a digital currency what happens to gold & cash?
PG V: You are a class act JERK. Woman have opinions and questions also! Why don't you go away?
😊
Exactly.
Oh here it is, the old saw, the sky is falling, everyone, buy gold. I hate that advise because for regular folks gold does not keep out the rain and cold nor can it feed you unless someone wants it more than the store of actual food that they have, (fat chance I'd say). The currency devaluation is only troubling if wages don't keep pace. The "problem" is debt, that part the old boy got right, the solution at this late stage, besides devaluation, is what????
Bill, I agree with you regarding inflation, however, the trend started long before Powell, I am not holding Powell, in high regard only that he is adding to the issue not starting. Ralph Wood
Since 1980 the inflation rate is up 244%, the buffet indicator is at 202%. The juxtaposition of those numbers indicate a normal progression rate.
The economy is moving along nicely despite what the media reports on all aspects of life. It is strong and financially sound. Go out for a drive and look around. Lots of shopping, dining, and vacationing happening. People filling up their gas guzzlers to the brim! 😂
Gold looks beautiful in the movies, and that’s probably where it should stay.
I suppose we could also dig a nice hole in our back yards, stick our heads in and ask our neighbors (as politely as one could ask such a question) to fill the hole in around our heads with the dirt we had just repatriated from the ground. And while we're at it, cancel the insurance on our house (because we've never had a fire in the last 25 years either).
The key here, is that everything about this blog, is what you can do to insure your financial future, won't go up, like a dumpster fire at 2:00 am in behind a bar.
Economy normal? Our local Honda dealership doesn't have a single car in its lot. Can't get them. Why? Chip shortage is keeping most of the cars, sitting in fields waiting for parts. One of our clients, an autobody shop, that normally has 10 cars in its garage, has 40. Why? Can't get parts. Multiply that by a few million body shops the world over, and this isn't a glitch. We resell computers. Never in my 20 years of dealing with computer vendors, have their quotes NOT been honored after 7 days. Until this year. I was at Ikea last night. Furniture that I could ALWAYS pick up (KALLAX) is Temporarily Out Of Stock. Shipping problems, was the word.
This sh*t is real. Never in my 60 years of existence, have all these crazy things - 0% interest rates, 7% inflation, spending 4x GDP, nations in deep, self imposed debt, housing costs through the roof, lack of workers because they'd rather collect free government cash, can't get the staples of life, wars keeping 15% of the world's food off people's tables, displacement of another 10 million people, ALL happened at once. At least not in my life. Perhaps, someone from Rome around 400 AD might argue otherwise.
This email newsletter is not for everyone. You might just be a troll. Saying keep your money in your banks, so you can buy cheap gold. Or you actually might not see that the forest is on fire. And is about to smoke your house behind you, while you water your lawn in the front yard.
Doesn't matter.
The rest of us will do, what needs to be done. So that if our house DOES burn down, we'll insure we have allocated our resources in the right places, to rebuild. After the fire rips thru the rest of town.
I truly enjoy your perspective, and it might actually be a reality that I can’t seem to grasp or deny. Like they say, “The Nile is not just another River in Egypt.”
But no Sir, I am not a troll, or trolling to bargain hunt for gold. I love this subscription because it’s like finding a gold fish in a barrel of mud.
Mr. Bonner is the gold fish, and the mud is all the useless information out there and governmental actions in continuum. I used to have like 100 other subscriptions (literally), and this is the only one that I follow. 😀
I have heard some of the things you mentioned in your reply, first hand, from people that I personally know, limited or no car or furniture inventories, ect. It is convincing when the message is coming from real people, not the news or some social media fad.
Sometimes I like to think what an imaginary peaceful world would look like. 😀
Thank you for sharing your perspective.
I also have done the same thing as you. Gone from dozens of newsletters, to a single one. This one.
I didn't mean to come across as an as*hole either. Just wanted to make sure that you had the same perspective that we're seeing. Lots of money out there. Little product. Means that for every two people vying for a loaf of bread, the baker will sell it to the one who gives him the most money. Which translates into inflation.
Someone is getting those chips. And since I am willing to pay more to get that chip, so is someone else. So the vicious cycle will continue.
Take care!
My guess is 1000% since 1971