Gold Futures Surge Above $2,050; Silver Nears $27

of course it turns into a pump and dump. the music started,
and you better have sold when it stops.

it's a game of musical chairs.

Ok, a Profit is the difference between the price charged and the expense of the product or service to be produced...

Profits beat expectations which is why the market is up again...everyone wants to get in on the next one...

Increased money supply is not the same as inflation. Inflation is general increase in PRICES, not money supply. Money supply can be increased vastly without any inflation at all, or even deflation. Quantity theory of money has been debunked; look it up.

YUP

Prices DOUBLED on food?! Are you joking? I am paying about the same for everything, including gas.

There is very little inflation, certainly no hyperinflation.

The Austrian hard money types have this strange habit of equating increases in money supply with inflation.

Bingo. But the Austrians, bless their souls, will continue to scream MONEY PRINTING, HYPERINFLATION, OMG!

Here's another analogy if it helps:

When we turned off the engine it was purring like a kitten and running strong, so there's no reason to think it won't start back up...it will have to idle and warm up before getting back to where we were, but it will happen...

And in truth we didn't shut down the whole engine...not even 1/2

You're a keen observer. If you look at coffee for example. You might be paying the same price but you're no longer getting a pound in weight but 10 oz.

Wake up.

Yet another annoying thing that Austrians and deficit-hawks do is add up all the debt and obligations -- which of course sums to a shockingly-large figure, viewed naked -- but they NEVER mention assets nor, more significantly, productivity and technologic advances that vastly increase the ability to service debt and fulfill obligations. NEVER. NOT ONCE. It is a very very strange, blinkered way of looking at the world, but I guess they find it necessary to do so in order to rationalize their crazy economic ideas.

If they would bother to read this, really READ it all the way through -- [link to atom.singularity2050.com (secure)] -- they would learn that technologic DEFLATION is the prevailing force, and that the .gov can and should be printing oodles of money every year to offset it. But they will not read it, because von Mises etc. etc.

NOPE. Almost everything is as cheap as ever. Some things, like gas, even cheaper. Select ITEMS may have risen, (supply/demand issue), but overall NO GENERAL INFLATION. NOT EVEN A TINY LITTLE BIT.

Not optimistic, Trin, it is reality.

Which is not to say we won't have a crash. We are having one, indeed. But it was not because of money-printing. More money-printing is the cope for the crash, not the cause of it.

says the guy from Zimbabwe!

Last Edited by Don Of N*******t on 08/05/2020 11:19 AM

[link to atom.singularity2050.com (secure)]
"One faction of Republicans are against QE by the Federal Reserve under the belief that this will someday, somewhere cause inflation that has not yet appeared for over a decade and counting. While that would have been true in the 20th century, it is no longer true in the ATOM age, for reasons discussed earlier. There is still a vocal but shrinking clique of individuals who think hyperinflation is imminent, and a return to the gold standard is necessary. These 'inflation hawks' have predicted about 100 of the last zero bouts of hyperinflation, and don't seem to be interested in reassessing their assumptions. $30T of central bank action over eleven years, with another $300B/month being added to that as of mid-2020 post-coronavirus, has not vindicated this expectation. We can safely declare that the burden of proving that inflation is inevitable is now theirs to bear, and they have yet to provide any evidence to support their blind belief.
If one cannot accept that monetary expansion up to a very high ceiling will no longer cause inflation, and indeed needs to be permanent and ever-rising just to halt techno-deflation, it will never occur to them to gradually fund government spending with central bank money instead of tax revenues. That is a shame, since this is a path towards the goal of vastly reducing and eventually even eliminating all Federal income tax and fostering a huge economic stimulus, specifically favoring entrepreneurship to an unprecedented degree." end quote

idiot

These whackos are insufferable.

The facts remain that the dollar is dead. All currencied are soon dead and you cant paper over reality.

We wont see hyperinflarion unless money truly begins to be lent out en masse. Which wont happen. They better keep the stimulus and UEC coming or it will be mayhem. Economy was teetering already last year in September and october.

[link to www.cnbc.com (secure)]


The Fed is expected to make a major commitment to ramping up inflation soon

Sorry, but quantity theory of money is long debunked. Money printing is not the cause of inflation. Look it up. If you believe otherwise, you're just repeating some stuff from 1960 Austrian theory, long debunked.

That being said, it is possible that we will get a currency crisis if the dollar is massively repudiated, internationally. That's a different thing.

I agree! I have now come to a point where I just post a laughing meme instead of arguing! It's not really worth the time arguing with them, we know what we know, and they will always have their magical thinking!

Compelling argument, but you failed to convince me...

There's a balance to be maintained as deflation is not good either...

So when we are at zero and it looks as though we could dip into deflation, then they adjust upward toward inflation...

If you know how an Oxygen sensor works, it rapidly switches from lean to rich to maintain an even mixture of gases...

Last Edited by BRIEF on 08/05/2020 11:47 AM

A determined Fed can cause inflation.

Inlflation benefits those closest to the money creation. This is why stocks, art, collector cars and high tier property goes up in price first.

Deflation comes first. Then massive inflation.

the USA is the reserve currency so inflation causes problems for the rest of the world before affecting US citizens.

Are these premises correct? Is this a good time to get into buying houses on leverage? Idk. It seems like it.

A determined Fed can cause inflation.

Inlflation benefits those closest to the money creation. This is why stocks, art, collector cars and high tier property goes up in price first.

Deflation comes first. Then massive inflation.

the USA is the reserve currency so inflation causes problems for the rest of the world before affecting US citizens.

Are these premises correct? Is this a good time to get into buying houses on leverage? Idk. It seems like it.

Double post

[link to atom.singularity2050.com (secure)]

--- The accelerating rate of technological change, while previously a topic of interest only to futurists and related technophiles, is now at a stage where insufficient awareness has tangible costs to individuals.

--- Economic growth, which has always been closely pegged to technological progress, has similarly been accelerating through centuries of data, and we are now entering a steep trajectory for the trendline, indeed the knee of the curve.

--- The world economy has been underperforming for years, with growth rates continuing to register well below the aforementioned trendline rates. This is due to the silent suppressive effect of some outdated policies and macroeconomic assumptions.

--- Technological deflation, while easily accepted when one is a shopper for a new computer, is almost entirely ignored by macroeconomists, even as effects of this deflation on economic data are pervasive and rising.

--- Technological disruptions across disparate areas are all interconnected with each other, and mutually reinforcing. There is a fixed but rising amount of aggregate disruption that is underway at any given time, in accordance with the accelerating rate of technological change. These first five bullet points effectively describe what we define as the ATOM.

--- Monetary expansion by central banks has served to merely offset the accelerating deflation that technology is generating across the economy. This deflation is international in nature, and so is most monetary expansion, no matter which country originates a particular expansion program.

--- Artificial Intelligence (AI) will be able to move many types of productive output into tax-free locations, eroding the tax base of high-tax locations. The borderless and untaxable nature of AI will effectively tighten the screws on nations and jurisdictions that tax productive output excessively.

--- Excessive fear of inflation, and assuming that even 3% inflation is high, has led to a chronic decline in the growth rate of Nominal GDP. This is a source of many types of malaise in the economies of wealthy countries that Real GDP will not detect, and is constricting the rate of technological progress and productivity gains.

--- The ATOM will react to ensure technological progress reverts to the trendline rate, bypassing or toppling obstacles such as inadequate fiscal, monetary, and regulatory policies in the process. This will begin to happen in the 2020s, and may accelerate after that point at a speed far too rapid for many governments to react to.

--- Barring the preemptive adoption of the technology-friendly monetary policies recommended here, another major financial crisis and deep recession remains an ongoing risk. Existing methods of monetary expansion will prove ineffective due to saturation of the inefficient methods used by central banks to date. In reality, the solution to the problem is elegant, simple, and ushers in a new era of rapid growth.

--- Central bank monetary expansion has to be made permanent as a policy, and openly declared as such. There can no longer be one-off programs tied to an assumption that each one is the final round of Quantitative Easing. Assets stored on central bank balance sheets can never be sold back into the market, so the balance sheets themselves are moot.

--- Western central bankers have been taught very outdated principles regarding the risk of inflation from monetary creation, rendering them virtually incapable of seeing these truths, even as they are evident to the technology industry, small business owners, and more. Hence, the fact that $23 Trillion of cumulative monetary creation since 2009 has not caused inflation is still a complete mystery to Economists with formal credentials.

--- Monetary expansion has to be of a direct, diffuse nature. Current methods of bond-buying used by the US Federal Reserve are well into the point of diminishing returns, and end up concentrating the QE in very few hands. The only real discussion and analysis should be about the rate of annual increases. The US Federal Reserve has not yet been granted this power by the US Congress, which restricts the Feds ability to do what is necessary.

--- Monetary expansion has to rise at a compounded rate of 16-24% a year, possibly higher, to offset technological deflation and keep the Wu-Xia Shadow Rate in step with the size of the deflationary force. Current patterns of monetary expansion and the absence of inflation already supply the data to support this conclusion.

--- Since most government spending in the US and similarly advanced nations constitutes direct payments to individuals, these payments can and should be consolidated and formalized into a Direct Universal Exponential Stipend (DUES) that is paid equally to all citizens, and is funded by this central bank monetary expansion.

--- This DUES constitutes a dynamic and rapidly strengthening safety net, as well as a catalyst for entrepreneurship. Unlike negative interest rates, this does not punish savers, and is more scalable in accordance with accelerating technological deflation.

--- Federal income taxes can be phased out gradually and systematically, with all Federal government spending covered by monetary expansion, which itself is mostly the DUES.

--- This sort of reform taking current levels of technological progress and the associated deflation into account to create tax, monetary, and regulatory policies far more favorable to entrepreneurship transcends both socialism and capitalism. It is also the only way to harness disruptive technologies, such as AI, into a vehicle of broadly increased human prosperity.

--- Barring the first-choice avenue of ATOM DUES, the second-choice avenue of the Sovereign Venture Fund (SVF) is easier to implement politically, and still a huge improvement over the current status quo. The SVF carries a tremendous first-mover advantage, since a country can capture the entire world's technological deflation for domestic benefit as long as it is the first country to do so. The size of the SVF can be the same even if done by a relatively small country, hence delivering very high assets per capita.

--- The US is not going to be the first nation to transition to such a new policy era, and certainly not before the next crisis. Hong Kong, Singapore, Canada, and Switzerland are more suitable candidates to be the first countries to reform in favor of 21st century economic forces.

--- Few individuals, even if they work in the technology industry, have trained themselves to think like an active part of the ATOM. This mindset can be very profitable once adopted, and will become one of the core skillsets that an adult needs to have in order to prosper.

Gold Futures Surge Above $2,050; Silver Nears $27
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I snagged 40oz of silver yesterday for a total of 17.79 per bar after tax and delivered.

I didn't do too badly.

It's not a lot of silver, but it's a small stash in case I need to get from point A to point B.

Everyone should order around 1000 or 2000 worth of silver right now if they can afford it.

This dollar is not looking healthy.

Will probably relieve this seller of the rest of his supply on payday.

He apparently isn't using it.

Last Edited by rev18_6 on 08/05/2020 02:03 PM

brief just can't get triggered enough about the metals doing well!!!

we get it dude, you don't have any metals and are mad about it