Generational Dynamics Forum - New Site

The Iranian currency inflated 80% in less than two weeks. That's a totally different situation. It seemed you were trying to argue "where is the money going to come from to drive up prices". It sometimes helps to try out an argument on a real historical case. So I suggest looking at Iran. Where did...

Where is all this money to buy gold going to come from? If all you are managing is to meet the bills, then gold is a long way from top of the list. We are not at a stage where people are saving for three months to buy one gold coin. Very few of the wealthy will buy a large quantity of gold, they mi...

I thought the Treasury and Fed together had like $400 billion in gold and there were like $3 trillion dollars out. None of the electronic dollars are backed by gold. If they are in a regular bank, they would be backed with whatever assets are on the other side of the ledger. The paper Federal Reser...

I think we will get more than a factor of 3 increase in gold in the next few years. Under the conditions Bernake has created a panic could easily happen. If that happens, gold could overshoot its value by a lot. As brought up previously, the paper dollars are gold backed about 40%, in theory, based...

All of the above ground gold is estimated to be worth about $8 trillion at today's price. About $4 trillion of that is probably in a form that is either ready for shipment as bank reserves or could be made ready for shipment in short order. It would be my estimate that if China were to buy about $1...

That leaves gold and while the Chinese would have been willing to spend that $300 billion per year on gold (or whatever was left of that $300 billion that they didn't spend on other things, but accumulated as reserves) the volume of gold sales worldwide are not enough to accumulate that volume of g...

I think the government deleveraging starts in December myself, we'll have to wait and see, but I do believe several things coming down the line will make some serious changes both in government spending and in taxes. And I do not think it's going to matter much who is President at that point, when ...

You will do better to guage the future with Hartmut Heinrich facts of HO[H Zero] reality than Dr. K print until it works mythological premise. I don't read Krugman because I believe him or respect him. I read him to try to understand how the mainstream foolish economists think. In particular I thin...

Someone pointed out that fear of debt is a generational thing and Krugman says that belief in austerity is a generational thing.

http://krugman.blogs.nytimes.com/2012/0 ... austerity/

John wrote: It occurs to me that the same phrase also applies to the stock
market.

It's like everyone's on LSD.

The Fed is not taking away the punch bowl, they spiked it.