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    Economics: Why are mainstream views different from reality?

    Please give this some serious thought: 1. The U.S. exorbitant privilege peaked in 2005 (before the financial crisis) and is now on the decline, meaning it is no longer supported abroad. 2. The U.S. government (with the obvious assistance of the Fed) is now in defensive mode, defending that...
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    Economics: Why are mainstream views different from reality?

    Re: We're for 'socialist-type' economic policy, says Prashant Bhushan I do not doubt that there can be multiple financial products which can offer various ways to reduce risk. The risk as defined by risk of loss. The risk defined by risk of government will debase its currency to please the...
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    Economics: Why are mainstream views different from reality?

    Neither do I. I still find 4% number pulled out of thin air.
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    Economics: Why are mainstream views different from reality?

    IMHO, We have lived through the scenario 2 for the past 30 odd years but its moving towards scenario 3. It is going hyper to maintain the status quo.
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    Economics: Why are mainstream views different from reality?

    Why? Please explain? If you cannot tell me how I am wrong?
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    Economics: Why are mainstream views different from reality?

    I think you have got it wrong. you believe the inflation can be kept within the 4% range. The BOE has a mandate to keep the inflation within a 2% range hence even less wiggle room. But they cannot and that is because we have disregarded the exponential function. You claimed that you saw the...
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    Economics: Why are mainstream views different from reality?

    I have replied to asianobserver about this aspect. I wonder if you agree? I agree.
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    Economics: Why are mainstream views different from reality?

    And gold will be required if you can afford oil. I have posted this so many times its getting boring. WHY do people not read it. Another (Thoughts!): The Profound Story of Gold and Oil
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    Economics: Why are mainstream views different from reality?

    You are confusing yourself? First of all I would like to clear up probably the most common misconception about hyperinflation. What most people believe is that massive printing of base money (new cash) leads to hyperinflation. No, it's the other way around. Hyperinflation leads to the massive...
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    Economics: Why are mainstream views different from reality?

    I agree. The local central bank of any country can increase or decrease its money supply depending on the amount of gold its currency can buy. this ensures there is no uncontrolled growth in the money supply. this also means- inflation and deflation are just things. They make no real long term...
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    Economics: Why are mainstream views different from reality?

    Exactly Gold has the only function you talk about- it acts like a store of value. It does not do anything. Gold is the only commodity in which oil can hide in.
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    Economics: Why are mainstream views different from reality?

    We do not need a gold standard. Gold standard will not allow the convenience of monetary expansion. The new global currency will be EURO. You heard it here first. I know what people say about Euro. But I have to say if you do your research and due dilligence you will know what Euro is all...
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    Economics: Why are mainstream views different from reality?

    Warren buffet is an arsehole. He is a insider. He commands no respect from me
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    Economics: Why are mainstream views different from reality?

    That is a very poor argument. The gold in the ground is like oil in the desert. Do you begrudge the middle east as well for the oil deposits. They can do what ever they want with their gold. But if gold is going to settle the debts the country which does not produce will see a net outflow of...
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    Economics: Why are mainstream views different from reality?

    The move away from gold standard allowed the expansion of money supply which permitted the sale of gadgets at a cheaper price. This did contribute to a improved living standards. But not for all the world. select few in the west and east.
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    Economics: Why are mainstream views different from reality?

    Could you please elaborate where did you get the 4% figure from? Or how do you come to a %?
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    Economics: Why are mainstream views different from reality?

    Sir, The difference is gold increases approximately 2% annually while paper can inflates may be over 200%
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    Economics: Why are mainstream views different from reality?

    In gist this represents the model I am subscribing to. I am but a simple person. It is not my idea. I call it FREEGOLD. Freegold explained for my Grandmother (and Epic Fail Moron): For a monetary system to work, anyone, anywhere, must be able to exchange the currency for gold at a floating...
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    Economics: Why are mainstream views different from reality?

    Euro is the newest currency on the block and if you are interested in knowing about this, please read the thing below. Just one thing to remember, Euro is backed by the Central Banks of the Central Banks- The Bank of International Settlements based in Geneva. Part of the reason the rest of the...
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