tag:blogger.com,1999:blog-6768209.post4543580950289992137..comments2024-03-18T05:32:15.515-07:00Comments on The Pan Galactic Blogger Blaster: The Great Debate: March to the ScaffoldNatehttp://www.blogger.com/profile/14704040638674512722noreply@blogger.comBlogger44125tag:blogger.com,1999:blog-6768209.post-43311602545367712282019-07-22T02:16:04.777-07:002019-07-22T02:16:04.777-07:00Thanks for sharing such amazing post! then just vi...Thanks for sharing such amazing post! then just visit here <a href="https://www.billascaffolding.uk/commercial-scaffolding-services-kent/" rel="nofollow">Commercial Scaffolding Services Kent</a>.Athen Joneshttps://www.blogger.com/profile/00639041791049451560noreply@blogger.comtag:blogger.com,1999:blog-6768209.post-72001428880022683292013-04-16T07:29:27.426-07:002013-04-16T07:29:27.426-07:00Nate, why don't you fill yourself up with debt...Nate, why don't you fill yourself up with debt till no end? It'll get hyper-inflated away the next 3 years.Peter Garstignoreply@blogger.comtag:blogger.com,1999:blog-6768209.post-16659074912597859132013-04-14T06:24:25.478-07:002013-04-14T06:24:25.478-07:00TZ
Yeah the 100 trillion dollar bill does seem to...TZ<br /><br />Yeah the 100 trillion dollar bill does seem to indicate that printing enough money won't be that big a deal.<br /><br />I should point out, as insane as this seems to folks, the Trillion Dollar Coin was actually seriously suggested several times during the debt limit debate.<br /><br />So while we are mocking Zimbabwe... morons are considering his course of action.Natehttps://www.blogger.com/profile/02962463170236658764noreply@blogger.comtag:blogger.com,1999:blog-6768209.post-2307142303267727402013-04-14T04:14:09.461-07:002013-04-14T04:14:09.461-07:00Given that Vox acknowledges that there was a perio...<i>Given that Vox acknowledges that there was a period of time when credit was contracting... and prices were going up, the actual timing of that period, be it July of 08 or Q1 09 is irrelevant. </i><br /><br />I was tempted to point that out as well after I ready Vox's IX post. Toby Templenoreply@blogger.comtag:blogger.com,1999:blog-6768209.post-46065068249641681332013-04-13T17:27:57.648-07:002013-04-13T17:27:57.648-07:00http://theworstthingsforsale.com/2013/04/13/one-hu...http://theworstthingsforsale.com/2013/04/13/one-hundred-trillion-dollars/tzhttps://www.blogger.com/profile/14446437456939115403noreply@blogger.comtag:blogger.com,1999:blog-6768209.post-1751088183109779142013-04-13T15:46:46.905-07:002013-04-13T15:46:46.905-07:00I don't have any precious metals, but would li...I don't have any precious metals, but would like to. I know exactly what you mean when you talk about people not saving. I know we are going to get shafted somehow. I don't know the particulars, and since I don't make a lot of money, I have been spending on things I can afford that will help me make money--whatever that will be in the future. Things like a chicken plucker, various critters that I can breed, garden supplies, a smoker, etc. <br /><br />Unfortunately, it's getting difficult to purchase the materials I need for critter related projects. OSB, for example, is going up. I'm not sure if it's just gas prices or a combination of things. My brother and I wanted to expand a chicken coop we have, but it was cheaper to simply build a new one in a different way.kawaikanoreply@blogger.comtag:blogger.com,1999:blog-6768209.post-59360571868765444972013-04-13T15:42:41.834-07:002013-04-13T15:42:41.834-07:00"I'm curious about your opinion of the po..."I'm curious about your opinion of the potential bitcoin as a hedge."<br /><br />I like bitcoin... I have some money in bitcoin. My thinking is.. its hard to make online purchases with Gold.Natehttps://www.blogger.com/profile/02962463170236658764noreply@blogger.comtag:blogger.com,1999:blog-6768209.post-25383589066408288962013-04-13T15:41:50.137-07:002013-04-13T15:41:50.137-07:00"The first question is prices - What of house..."The first question is prices - What of houses, the $500k that can't be sold for $200k even today? "Prices going up" for some things but not others."<br /><br />Its mal-investment. People don't want them at hardly any price. But eventually the dollars will be so worthless that the amount owed will be insignificant enough to all the sale.Natehttps://www.blogger.com/profile/02962463170236658764noreply@blogger.comtag:blogger.com,1999:blog-6768209.post-32087615142138492472013-04-13T14:59:43.650-07:002013-04-13T14:59:43.650-07:00I'm curious about your opinion of the potentia...I'm curious about your opinion of the potential bitcoin as a hedge.Porkynoreply@blogger.comtag:blogger.com,1999:blog-6768209.post-48334103238998486092013-04-13T14:15:38.896-07:002013-04-13T14:15:38.896-07:00I knew I was screwed, but do you have to enjoy rub...<i>I knew I was screwed, but do you have to enjoy rubbing it in so much?<br /><br />With my current finances and resources I'm going long in cheap whiskey, at least I can numb the pain and have something to barter with if I don't drink myself into oblivion first.</i><br /><br />Rubbing alcohol?<br /><br /><i> Anonymous Van said...<br /> Don't feel bad. Much like the market, civilization's due for a correction.</i><br /><br />Considering how uncivilized civilization has become, it has been in a correction for most of my life. It is due for a bounce, even a dead-cat bounce.<br /><br /><i>Somehow, though, I can't help but have the feeling that Vox still has an ace up his sleeve....</i><br /><br />One ace will not help if you don't have any pattern and your opponent is holding the other three in a full house.<br />tzhttps://www.blogger.com/profile/14446437456939115403noreply@blogger.comtag:blogger.com,1999:blog-6768209.post-40159930360169753742013-04-13T13:46:19.605-07:002013-04-13T13:46:19.605-07:00The first question is prices - What of houses, the...The first question is prices - What of houses, the $500k that can't be sold for $200k even today? "Prices going up" for some things but not others.<br /><br />You are spot on in "it doesn't matter who is spending the [newly created] money". When reserve requirements are lowered, i.e. the fraction of reserves in fractional reserve gets smaller, a bunch of new "purchasing power" (credit which acts like money) is created.<br /><br />Health care and higher education are highly regulated monopolies, are the prices something beyond monopoly rents? Obama will give me a loan to a university, but not a tiny amount to do Stanford or MIT courses on my computer - iTunes University or something similar.<br /><br />We can repay the debt, but it might take a justice-a-thon where they have all the Banksters in a stadium, as soon as they get $1T in contributions, they take one and vent his spleen. Literally. And eviscerate him (see Braveheart) - slowly as long as money keeps coming in.<br /><br /><i>that the fiat money they have in their pockets and in their accounts is no longer going to be honored in the future</i> Note that they do NOT have fiat money in their accounts, only an IOU from the institution where they have the account, as Cypriots have found out (and our grandparents around in the early 1930s did).<br /><br />As to dollars in accounts held by foreigners, it might be like the virtual gold held by foreign governments - Portugal lost nearly all in the Lehman collapse, and Germany (and the UK) can't seem to retrieve it all, even having the Queen visit the first bank of Potemkin.<br /><br />It is also worse than you point out. What happens if people won't accept dollars? What happens if things break down so it is obvious that no one - possibly including the creditor banks which might collapse and the bankruptcy courts have an unmanageable mass of accounts receivable - care if you pay back your credit card balance regardless of what it is denominated in. (And the Credit reporting agencies crash).<br /><br />I've not read the comments yet. Saved for later :)tzhttps://www.blogger.com/profile/14446437456939115403noreply@blogger.comtag:blogger.com,1999:blog-6768209.post-80423563920018292013-04-13T11:43:08.332-07:002013-04-13T11:43:08.332-07:00Rountine,
It doesn't all have to blow up at th...Rountine,<br />It doesn't all have to blow up at the same time... but it will.<br /><br />Most likely Russia creates a new commodity currency and China opts to dump the dollar for it. Then everyone else dumps the dollar.<br /><br />Then Kaboom. That's the metaphorical Kaboom before the very real Kabooms start.Natehttps://www.blogger.com/profile/02962463170236658764noreply@blogger.comtag:blogger.com,1999:blog-6768209.post-31104919598286292082013-04-13T11:41:17.843-07:002013-04-13T11:41:17.843-07:00"In all the past hyper-inflations you posted,..."In all the past hyper-inflations you posted, how many were digitally driven, capable of being wiped out by the mere stroke of the keyboard that created them? "<br /><br />None of it will be wiped out. It will be transfered to either "good banks" or newly created banks... or to the checking accounts of the elite.Natehttps://www.blogger.com/profile/02962463170236658764noreply@blogger.comtag:blogger.com,1999:blog-6768209.post-56370517647659983722013-04-13T11:39:58.748-07:002013-04-13T11:39:58.748-07:00Roundtine
The dollar isn't going to last until...Roundtine<br />The dollar isn't going to last until the 2030s. its going tits up in the next 3 years.Natehttps://www.blogger.com/profile/02962463170236658764noreply@blogger.comtag:blogger.com,1999:blog-6768209.post-68318789278281311072013-04-13T11:39:16.879-07:002013-04-13T11:39:16.879-07:00Jack
I have no idea what the deal is with this pos...Jack<br />I have no idea what the deal is with this post. its a nightmare. After you copy it all... past it into a new document and then highlight the area you just pasted. It may be white text on a white background and you just can't see it.Natehttps://www.blogger.com/profile/02962463170236658764noreply@blogger.comtag:blogger.com,1999:blog-6768209.post-67568209577379599262013-04-13T10:38:48.416-07:002013-04-13T10:38:48.416-07:00You make a good scenario. It's one I have cont...You make a good scenario. It's one I have contemplated. Such a possibility should be one one's radar. <br /><br />But I'm not convinced it is inevitable. <br /><br />The CASH to Digital money ratio / asset values is what gives me pause. Hardly anyone uses Cash, preferring plastic digital money. One can end in the blink of an eye. The other not so easily. <br /><br />In all the past hyper-inflations you posted, how many were digitally driven, capable of being wiped out by the mere stroke of the keyboard that created them? <br /><br />The day may come where no one will take your VISA, AmEx, or personal check as they are creatures of the banks. <br /><br />Now Cash does flow through banks, but Cash is a creature of the US Treasury, not CITI, JPM or BoA. Cash can flow freely between consumers. No so for Plastic.<br /><br />If you were to wipe out 50% (even 100%) of all the digital dollars in existence, what would be the effect upon Cash? Latest figure I saw was on the order of 1.2 Trillion in the US.<br /><br />I see Cash as, potentially, the elephant in the digital banking room. Is it any wonder they hate it?<br /><br />What would happen if people lost faith in VISA and JPM and decided to operate in Cash? <br /><br /><br /><br /><br /><br /> Saltnoreply@blogger.comtag:blogger.com,1999:blog-6768209.post-40102117730509124462013-04-13T09:16:47.540-07:002013-04-13T09:16:47.540-07:00I am now convinced.
Good job.
Bet on people bein...I am now convinced.<br /><br />Good job.<br /><br />Bet on people being people rather than mere cogs in some system.Athor Pelnoreply@blogger.comtag:blogger.com,1999:blog-6768209.post-21384954039395576662013-04-13T09:16:34.048-07:002013-04-13T09:16:34.048-07:00I've been waiting for someone to mention the k...I've been waiting for someone to mention the key ingredient: Fear. <br /><br />You can't make a big bowl of hyperinflation without it.<br /><br /><br /><br />Porkynoreply@blogger.comtag:blogger.com,1999:blog-6768209.post-30385738706855524012013-04-13T09:03:33.706-07:002013-04-13T09:03:33.706-07:00Vox has said the U.S. dollar wouldn't last muc...Vox has said the U.S. dollar wouldn't last much past the early 2030s (I think he picked 2033 or thereabouts as a guess/estimate). If we go by the 1930s, the defense cuts started about 10 years before the war. If there's a multiyear global war in the 2020s and the U.S. loses....it sounds like it comes down to timing. Or, as often seems to be the case, the inflationists are betting on a political maneuver (which I grant them seems likely), but doesn't refute the current economic condition.<br /><br />I agree that hyperinflation via fiat revulsion/currency devaluation is the most likely route, but if the U.S. hyperinflated, then the Chinese reserves are gone and the yuan blows up. Yen is done. European banking system: done. Thus, if you envision U.S. hyperinflation, you must also include the simultaneous hyperinflation of almost every fiat currency on Earth. Otherwise, if it happens in the opposite order (as I suspect will happen if it plays out financially/economically) foreign currencies blow up one by one and the U.S. dollar goes through the most epic rally, the biggest deflationary move in history, perhaps at the peak with US government debt exceeding global GDP on PPP. Pure insanity. And then, the deluge.Roundtinenoreply@blogger.comtag:blogger.com,1999:blog-6768209.post-27966133680792092222013-04-13T08:25:17.410-07:002013-04-13T08:25:17.410-07:00Until this one I've been able to [sort of] hig...Until this one I've been able to [sort of] highlight Nate's stuff, do a CtrlC then Ctrl V it into Word and save it for the debate cd. This time no go. Wondering what happened and wishing that Nate would provide a switch for Print. <br />I will read it of course but would like to save it. Unless you two are planning to combine this debate creature into a final something we can all save. For the children, you know.jacknoreply@blogger.comtag:blogger.com,1999:blog-6768209.post-8205961701605711072013-04-12T18:36:04.737-07:002013-04-12T18:36:04.737-07:00Nate,
I've got no idea how or how bad. I don...Nate,<br /><br />I've got no idea how or how bad. I don't know but it could be on the scale of Sodom and Gomorrah. Which is what we deserve, as a nation. <br />Res Ipsanoreply@blogger.comtag:blogger.com,1999:blog-6768209.post-68389011186376631972013-04-12T18:27:47.116-07:002013-04-12T18:27:47.116-07:00Res... Worse than I am saying? mate I am talkin...Res... Worse than I am saying? mate I am talking about all out total war on scale not seen... hell maybe ever.Natehttps://www.blogger.com/profile/02962463170236658764noreply@blogger.comtag:blogger.com,1999:blog-6768209.post-8483734163351425142013-04-12T17:53:20.071-07:002013-04-12T17:53:20.071-07:00It doesn't take a genius to predict future eve...It doesn't take a genius to predict future events.<br /><br />War.<br /><br /><br />Done.Natehttps://www.blogger.com/profile/02962463170236658764noreply@blogger.comtag:blogger.com,1999:blog-6768209.post-59356219320576467072013-04-12T17:40:33.352-07:002013-04-12T17:40:33.352-07:00Don't feel bad. Much like the market, civiliz...Don't feel bad. Much like the market, civilization's due for a correction.Vannoreply@blogger.comtag:blogger.com,1999:blog-6768209.post-17833752787406602832013-04-12T17:32:23.660-07:002013-04-12T17:32:23.660-07:00Haha Res,
So you're saying my instincts could...Haha Res,<br /><br />So you're saying my instincts could be right on both counts, but I just didn't think through how. I guess I like that that's a possibility. Although, given the circumstances, I'm not sure I ought to be too pleased about being right given what it means for civilization.Erichttp://espn.comnoreply@blogger.com