Inflation picking up again

[Jake Broe Stan]

Much ado about nothing.

First, they wouldn't control ALL the money, and secondly you act as though those banks and corporations wouldn't need any employees.

If there are employees, the people will have money.
....and people would also go into business for themselves.





The point is to have something to help keep the gov on the straight and narrow. It was set up that way by the Founders. Constitution says that States may only make gold and silver coin as a tender of payment of debt.
....and you said you love the Constitution, right? You just don't like that part, right?

The Constitution says what it say, not what any of us might wish it said.


The proper way to have gone off the gold standard would have been via a Constitutional Amendment altering what States could use as payment of debt.

Instead, they played games using a fabricated emergency. Why? Because they knew that the People would have never went for an Amendment changing that. So used subterfuge to do it.




The gold standard worked fine for intra country trade until the gov and fed debased our currency.

Companies wouldn’t need employees because they wouldn’t be seeking any products. Nobody would be buying anything because they would have no jobs and businesses would constantly be making less money on maintained sales.

Furthermore, banks would have no incentive to loan money because they couldn’t get collateral. Any asset would go down in value while the bank also needed to account for the “loss” it would incur by loaning the money. So no more mortgages and car loans.

Again, deflation means no economic activity of any kind. It’s a nation killer.

 

[LafesterMacintosh]

3 retards going back and forth in this thread.

 

[Joe King]

This is false.

As the price of gold went up people would hoard more of it and money and therefore decrease economic activity.

As the price went up, it would light a fire under mining operations and create huge incentive to find more of the stuff. How could it not?

When the price of oil goes up, why does drilling for new wells go up too?

 

[Jake Broe Stan]

@Jake Broe Stan , have you looked at the web site I linked to above? If not, open it and scroll through. It's a bunch of charts showing the negative (for the People) of having gone off the gold standard. How do you explain all the negative shifts in long term trends after leaving the gold standard?

I’m not touching any link you provide because it no doubt links to communist hackers.

Furthermore, our nation moved off the gold standard to help fight economic volatility. Not only did the economic volatility subside as intended but things are markedly improved since we left the system.

 

[Mr.Fitzwell]

 

[Jake Broe Stan]

Asa the price went up, it would light a fire under mining operations and create huge incentive to find more of the stuff. How could it not?

When the price of oil goes up, why does drilling for new wells go up too?

Miners would obviously mine for more but every other section of the economy would go into hoarding mode because the value of dollars would be up.

Furthermore, if you have demand in an economy that can’t be met then hyperinflation occurs which is another reason the gold standard was abandoned.

 

[Joe King]

Companies wouldn’t need employees because they wouldn’t be seeking any products. Nobody would be buying anything because they would have no jobs and businesses would constantly be making less money on maintained sales.

Furthermore, banks would have no incentive to loan money because they couldn’t get collateral. Any asset would go down in value while the bank also needed to account for the “loss” it would incur by loaning the money. So no more mortgages and car loans.

Again, deflation means no economic activity of any kind. It’s a nation killer.

None of that is true with low levels of deflation. You seem to mistakenly believe that all deflation is the same. It's not.

Do you also think that all inflation is the same? That 2% inflation is the same thing as 30% inflation? You seem to be saying that 2% deflation is the same thing as the 30% deflation of the Great Depression.

Again, deflation means no economic activity of any kind. It’s a nation killer.

High inflation is the nation killer. It makes its currency go to zero.

 

[Joe King]

3 retards going back and forth in this thread.

Since I've been keeping him tied up here, how many posts has he made in your other threads?





I'm takin' one for the team.

 

[Jake Broe Stan]

None of that is true with low levels of deflation. You seem to mistakenly believe that all deflation is the same. It's not.

Do you also think that all inflation is the same? That 2% inflation is the same thing as 30% inflation? You seem to be saying that 2% deflation is the same thing as the 30% deflation of the Great Depression.




High inflation is the nation killer. It makes its currency go to zero.

Any deflation, regardless of how small, demolishes economic activity.

You’re right that hyperinflation is bad but deflation is still more widely feared and for good reason.

 

[Joe King]

Miners would obviously mine for more but every other section of the economy would go into hoarding mode because the value of dollars would be up.

Furthermore, if you have demand in an economy that can’t be met then hyperinflation occurs which is another reason the gold standard was abandoned.

You're truly stupid if you seriously think that because stuff is gonna 1.5% cheaper next year, that everyone will quit buying anything.

 

[LafesterMacintosh]

Since I've been keeping him tied up here, how many posts has he made in your other threads?


View attachment 192895


I'm takin' one for the team.

Or you just don’t have the mental capacity to ignore him like most people.

 

[Jake Broe Stan]

You're truly stupid if you seriously think that because stuff is gonna 1.5% cheaper next year, that everyone will quit buying anything.

Nobody said it would cause people to quit buying anything but it will create an environment we people spend less which means businesses spend less, which means layoffs and therefore even more declines in economic activity. That’s why it’s called a deflationary spiral.

That also why inflation and deflationary aren’t considered to be related to each other. Inflation is a positive tool used by nations and economies to maintain a sustainable systems of society.

Deflation is just considered a terror and country killer.

 

[hmt5000]

Since I've been keeping him tied up here, how many posts has he made in your other threads?


View attachment 192895


I'm takin' one for the team.

 

[Joe King]

Nobody said it would cause people to quit buying anything

That is e x a c t l y what you said.

Again, deflation means no economic activity of any kind.

Contradict yourself much? "No economic activity" means nobody would be buying anything.

but it will create an environment we people spend less which means businesses spend less,

What it would mean, is that they would be living within their means, as opposed to borrowing from the future in order to consume today. Like we been doing for the past 90 years.

 

[Jake Broe Stan]

That is e x a c t l y what you said.



Contradict yourself much? "No economic activity" means nobody would be buying anything.




What it would mean, is that they would be living within their means, as opposed to borrowing from the future in order to consume today. Like we been doing for the past 90 years.

It does mean no economic activity in the long run but yes some people would still have cash to spend briefly.

Nobody would be living within their means because nobody would have means.

Thank goodness really smart people moved us off of the gold standard so that we never have to deal with apocalypse of 1-2% deflation for a prolonged period of time.

 

[MalO]

Gradual deflation over an extended time period is what is best for the people, economically speaking.

You're right. But don't tell that to anyone in this government.

 

[Jake Broe Stan]