The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 | |
mathetes
(OP) User ID: 793782 United States 05/26/2010 10:06 PM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 Where are all of the hyper-inflationistas? The fact is so much wealth has been sucked out of our economy even the outrageous govt. money pump has not slowed the drag down The simple fact is... no wage increases = no inflation How many people do you know that are getting raises... Much less keeping their jobs For I would not, brethren, that ye should be ignorant of this mystery, lest ye should be wise in your own conceits; that blindness in part is happened to Israel, until the fulness of the Gentiles be come in. |
Arctec
User ID: 982857 Canada 05/26/2010 10:09 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 982814 United States 05/26/2010 10:09 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 978552 United States 05/26/2010 10:13 PM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 "You could argue that M3 has been going down because people have been taking their money out of accounts to buy stocks, property and other assets," he said. Quoting: mathetesYeah, I've been taking money out of my account to invest in Ramen Noodle assets. |
mathetes
(OP) User ID: 793782 United States 05/26/2010 10:18 PM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 What about the cost of food? Quoting: ArctecHasn't it inflated? Yes it has...food production is directly related to fuel costs. Food prices may never go down which is a real killer for the poor For I would not, brethren, that ye should be ignorant of this mystery, lest ye should be wise in your own conceits; that blindness in part is happened to Israel, until the fulness of the Gentiles be come in. |
Dash Riprock
User ID: 725839 United States 05/26/2010 10:24 PM Report Abusive Post Report Copyright Violation | |
mathetes
(OP) User ID: 793782 United States 05/26/2010 11:01 PM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 I agree...deflation will occur no matter how much the idiots in charge print. Why? because the TBTF's are holding on to it all, because they are still INSOLVENT... Quoting: Dash RiprockWell said...plus if we get hyper-deflation the bankers WIN They get all the money plus all the Real Estate For I would not, brethren, that ye should be ignorant of this mystery, lest ye should be wise in your own conceits; that blindness in part is happened to Israel, until the fulness of the Gentiles be come in. |
Anonymous Coward User ID: 889811 United States 05/26/2010 11:18 PM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 Mr Bernanke built his academic reputation on the study of the credit mechanism. This model offers a radically different theory for how the financial system works. While so-called "creditism" has become the new orthodoxy in US central banking, it has not yet been tested over time and may yet prove to be a misadventure. builds a model from a THEORY on how the financial system works. My nine year old understands you cant continue to spend money you dont have. Back to the basics with these quacks. |
Anonymous Coward User ID: 939950 United States 05/26/2010 11:19 PM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 Mr Bernanke built his academic reputation on the study of the credit mechanism. This model offers a radically different theory for how the financial system works. While so-called "creditism" has become the new orthodoxy in US central banking, it has not yet been tested over time and may yet prove to be a misadventure. Quoting: Anonymous Coward 889811builds a model from a THEORY on how the financial system works. My nine year old understands you cant continue to spend money you dont have. Back to the basics with these quacks. All Fiat currency is theory ... and so is the law attatched to it ... |
Anonymous Coward User ID: 889811 United States 05/26/2010 11:34 PM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 Mr Bernanke built his academic reputation on the study of the credit mechanism. This model offers a radically different theory for how the financial system works. While so-called "creditism" has become the new orthodoxy in US central banking, it has not yet been tested over time and may yet prove to be a misadventure. Quoting: Anonymous Coward 889811builds a model from a THEORY on how the financial system works. My nine year old understands you cant continue to spend money you dont have. Back to the basics with these quacks. Seriously are they scientists or doctors with models and theories. Money is simple math, bankers, not mad scientists. |
Anonymous Coward User ID: 724652 Canada 05/26/2010 11:37 PM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 I agree...deflation will occur no matter how much the idiots in charge print. Why? because the TBTF's are holding on to it all, because they are still INSOLVENT... Quoting: mathetesWell said...plus if we get hyper-deflation the bankers WIN They get all the money plus all the Real Estate Hyper-deflation = bankers lose. End of the franchise and their lily-white bloated corpses hanging from lampposts, right beside their favourite whore politician. I'll make it really easy for you all. In a currency system where the unit of account is backed by debt (US treasuries), hyper-deflation will send the value of the currency to infinity and make it impossible for government to collect revenues (due to extreme economic impairment, illiquidity and general insolvency) in order to even service the interest component of the debt, let alone roll it over. Basically the currency will go from over-valued to zero in months flat as the debt underlying the value of the currency becomes impaired (unpayable). The whole western hemisphere is at about that point right now. |
Anonymous Coward User ID: 898188 United States 05/27/2010 12:21 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 982806 Australia 05/27/2010 12:24 AM Report Abusive Post Report Copyright Violation | |
Dash Riprock
User ID: 725839 United States 05/27/2010 12:37 AM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 I agree...deflation will occur no matter how much the idiots in charge print. Why? because the TBTF's are holding on to it all, because they are still INSOLVENT... Quoting: Anonymous Coward 724652Well said...plus if we get hyper-deflation the bankers WIN They get all the money plus all the Real Estate Hyper-deflation = bankers lose. End of the franchise and their lily-white bloated corpses hanging from lampposts, right beside their favourite whore politician. I'll make it really easy for you all. In a currency system where the unit of account is backed by debt (US treasuries), hyper-deflation will send the value of the currency to infinity and make it impossible for government to collect revenues (due to extreme economic impairment, illiquidity and general insolvency) in order to even service the interest component of the debt, let alone roll it over. Basically the currency will go from over-valued to zero in months flat as the debt underlying the value of the currency becomes impaired (unpayable). The whole western hemisphere is at about that point right now. That's why you're seeing the race to the bottom in currency devaluation. Last currency standing loses. The USD will be left twisting in the wind, and the US will be balkanized as a result. Last Edited by Cognitive Dissonance on 05/27/2010 12:37 AM |
Anonymous Coward User ID: 682262 United States 05/27/2010 12:45 AM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 Nobody pay's attention to Money Supply any more. Quoting: Anonymous Coward 982814Have not payed any attention to it since 1997. true dat Money Supply is irrelevant since the debt is already being monetized. nice try op |
Anonymous Coward User ID: 957461 United States 05/27/2010 01:05 AM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 Where are all of the hyper-inflationistas? Quoting: mathetesThe fact is so much wealth has been sucked out of our economy even the outrageous govt. money pump has not slowed the drag down The simple fact is... no wage increases = no inflation How many people do you know that are getting raises... Much less keeping their jobs that's seriously flawed logic, bro you're completely ignoring the fact that our economy was founded in 1933 on manipulated interest rates that directly effect the amount of available currency get your head out of your ass you feckin moran shill |
Anonymous Coward User ID: 956591 Canada 05/27/2010 01:06 AM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 What about the cost of food? Quoting: mathetesHasn't it inflated? Yes it has...food production is directly related to fuel costs. Food prices may never go down which is a real killer for the poor Exactly - people fail to understand that monetary inflation/deflation doesn't necessarily show up in consumer prices, particularly in the short term. It's not just fuel prices though - grocery stores, etc. have been raising the margins on some items that are must haves in order to offset lower sales. But most people who bark on about hyperinflation in the US are utterly and completely ignorant of monetary theories and of economic history. I don't blame them - I believe sometimes misleading information is deliberately spread. |
Anonymous Coward User ID: 760572 United States 05/27/2010 01:18 AM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 OP is right. We've passed debt saturation. [link to www.businessinsider.com] From the article: Macroeconomic DEBT SATURATION occurred causing a phase transition with our debt relationship. This is because total income can no longer support total debt. In the third quarter of 2009 each dollar of debt added produced NEGATIVE 15 cents of productivity, and at the end of 2009, each dollar of new debt now SUBTRACTS 45 cents from GDP! |
mathetes
(OP) User ID: 793782 United States 05/27/2010 02:23 AM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 OP is right. Quoting: Anonymous Coward 760572We've passed debt saturation. [link to www.businessinsider.com] From the article: Macroeconomic DEBT SATURATION occurred causing a phase transition with our debt relationship. This is because total income can no longer support total debt. In the third quarter of 2009 each dollar of debt added produced NEGATIVE 15 cents of productivity, and at the end of 2009, each dollar of new debt now SUBTRACTS 45 cents from GDP! Great article! Its not about anybody being right or wrong it about the facts. The fact is inflation, much less hyper-inflation CANNOT occur without wage increases For I would not, brethren, that ye should be ignorant of this mystery, lest ye should be wise in your own conceits; that blindness in part is happened to Israel, until the fulness of the Gentiles be come in. |
Resister
User ID: 669410 United States 05/27/2010 11:37 AM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 Please forgive the stupid question, but what is "M3 money"? "God forbid we should ever be 20 years without such a rebellion. The people cannot be all, & always, well informed... If they remain quiet under such misconceptions it is a lethargy, the forerunner of death to the public liberty... Let them take arms... What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. " - Thomas Jefferson in 1787 |
Anonymous Coward User ID: 969871 United States 05/27/2010 11:40 AM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 Where are all of the hyper-inflationistas? Quoting: mathetesThe fact is so much wealth has been sucked out of our economy even the outrageous govt. money pump has not slowed the drag down The simple fact is... no wage increases = no inflation How many people do you know that are getting raises... Much less keeping their jobs You are on it. Wow, amazing no one has mentioned this. This is not good folks. United States is in bigger trouble than I could ever imagine. |
ttown_okie User ID: 936212 United States 05/27/2010 11:52 AM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 Where are all of the hyper-inflationistas? Quoting: mathetesThe fact is so much wealth has been sucked out of our economy even the outrageous govt. money pump has not slowed the drag down The simple fact is... no wage increases = no inflation How many people do you know that are getting raises... Much less keeping their jobs The cost of labor is the true measure of inflation... just thought I'd share. but that doesn't meean the stock market will go down, it is rigged with monopoly money that can be handed out any time it is desired. |
Anonymous Coward User ID: 983495 United States 05/27/2010 11:54 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 983495 United States 05/27/2010 11:58 AM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 OP is right. Quoting: mathetesWe've passed debt saturation. [link to www.businessinsider.com] From the article: Macroeconomic DEBT SATURATION occurred causing a phase transition with our debt relationship. This is because total income can no longer support total debt. In the third quarter of 2009 each dollar of debt added produced NEGATIVE 15 cents of productivity, and at the end of 2009, each dollar of new debt now SUBTRACTS 45 cents from GDP! Great article! Its not about anybody being right or wrong it about the facts. The fact is inflation, much less hyper-inflation CANNOT occur without wage increases Yes, they can. In Wiemar Germany, it was the carry trade and speculation against the DM that brought on hyperinflation. Wages there were actually flat or declining. I understand the Fed has been very busy as of late extending credit to meet foreign demand for their scrip. |
Anonymous Coward User ID: 983762 United Kingdom 05/27/2010 05:35 PM Report Abusive Post Report Copyright Violation | |
mathetes
(OP) User ID: 793782 United States 05/27/2010 06:36 PM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 Wages were flat or declining in Wiemar Germany during hyperinflation. Quoting: Anonymous Coward 983495Hardly...real wages increased at a rate greater than the National income form 1924-1929 You can't have hyperinflation unless wages keep pace with prices [link to books.google.com] For I would not, brethren, that ye should be ignorant of this mystery, lest ye should be wise in your own conceits; that blindness in part is happened to Israel, until the fulness of the Gentiles be come in. |
Anonymous Coward User ID: 976252 Canada 05/27/2010 06:39 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 760572 United States 05/28/2010 12:24 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 659175 United States 05/28/2010 01:54 AM Report Abusive Post Report Copyright Violation | Re: The M3 money supply in the U.S. is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933 Wages were flat or declining in Wiemar Germany during hyperinflation. Quoting: mathetesHardly...real wages increased at a rate greater than the National income form 1924-1929 You can't have hyperinflation unless wages keep pace with prices [link to books.google.com] What does your link show? All I'm getting is a chapter on Christian trade union politics. Here is a better one: Some Common Fallacies About Inflation and Deflation: the Weimar Nightmare in Review [link to jessescrossroadscafe.blogspot.com] CHECK OUT THIS GRAPHIC: [link to 2.bp.blogspot.com] |