Inflation: An increase in the money supply that surpasses any increase in demand for money
Xavier Cox
It can either be manipulated into oblivion for the next generation or blow the fuck up and make us all rich. I have no idea anymore, physical deliveries are skyrocketing while they knock the price down with paper. Shortage is all but guaranteed at this point, but this paper clown show started in 2010 and doesn't seem like it's going away.
Blake Ramirez
gold and silver are pet rocks
Eli Hernandez
Basically if you support central banks and are anti-gold/silver as currency, you don't belong in these threads.
Was looking to start buying the gold and miner dip so I bought some Newmont on Friday. Considering holding it long term. Can anyone comment on NEM's quality? Safe to hold long term?
Anthony Davis
Pet Rocks that Russia and China are rapidly accumulating? Why?
They cannot play the game forever user. It works until it doesn't. They need to suppress the price to stop the flood into metals. Once the population starts piling into Gold and even more so silver it will cause an epic moon mission. You have to remember the reason for the pump in the stock market is because QE is not going into the pockets of average Joes its being put through the banks and pumped into stocks. Same I would imagine is happening with crypto. Once this ends the flood of capital into Gold and Silver will make BTC look like bubble gum because Gold and Silver have a finite supply. that said there will probably be a collapse of the dollar and a revaluation of silver and gold.
We are against debt based currency. if its represented by paper bux I am ok with it as long as there is no debt or interest and it keeps up with the growth of economic activity. I also understand that silver and gold represent labor very well but what gives them value IS their representation of human labor. the fall back is the finite supply in a growing labor force and you can bet your jimmies you will still have a centralized private bank even with a metallic standard currency because usury will be the enticement for easy money without labor.
>The most hated sort (of wealth getting) and with the greatest reason, is usury, which makes a gain out of money itself and not from the natural object of it. For money was intended to be used in exchange but not to increase at interest. And this term interest [the word tokos, which in Greek also means 'breed' or 'offspring']*, which means the birth of money from money is applied to the breeding of money because the offspring resembles the parent. Wherefore of all modes of getting wealth, this is the most unnatural.
Caleb Lewis
>gold and silver are pet rocks niggers tongue my anus the post
Jaxson Sanders
>usury will be the enticement for easy money without labor
Decided I'm going to buy 1 silver Canada dollar every week. Premiums are much lower compared to Morgan & Peace dollars and slightly lower than normal pre64 junk silver at my LCS. It's cheaper than buying an oz every week and I like the slow accumulation aspect. He gave me these two right above spot today
>usury will be the enticement for easy money without labor.
fuck off shylock.
Joshua Barnes
Agreed
Luis Reed
>We are against debt based currency. Oh good, because gold isn't a debt based currency. > if its represented by paper bux I am ok with it Then you're a cuck who is okay with wageslaving in constantly devalued currency. >as long as there is no debt or interest Debt and interest is a necessary part of an economy. Fractional reserve banking is a fraud, but you can have interest and debt without it. It's the same as loaning someone anything else. If I loan you 10 apples with the agreement you will pay me back 13 apples in a few months, why shouldn't this transaction take place? You expect to make more than 13 apples in a few months so this transaction benefits you. >and it keeps up with the growth of economic activity This entire line is a fallacy and I refuted it in the last thread. We had the industrial revolution on a gold standard. Economic growth is not tied to an increase in the money supply. An increase in the money supply leads to malinvestment and recessions.
>you will still have a centralized private bank Why? Free banking had nothing of the sort during the free banking era 1865-1913.
>because usury will be the enticement for easy money without labor. Usury seems pretty based to me, fren.
Landon Rivera
>NOOOOOOOOOOOO YOU CAN'T JUST LEND OUT MONEY, THIS IS BAD FOR SOME ESOTERIC REASON
>using the name field You’re new here, aren’t you?
Angel Rivera
>Hey will you invest in my business idea? I think we'll get a 20% return. >That sounds great! >What if I gave you first cut of the profit? I can't offer you as big of a return, but it'll be more secure. You also won't get to decide how I manage it outside our repayment agreement. How about we do 12% instead? >Sounds good to me! thehorrorsofusury.txt
You have to be a true brainlet to not understand that interest cannot be eliminated from business transactions. Jeremy Bentham explained all this shit 200 years ago. You cannot prohibit people who need cash from paying interest without price fixing the entire economy.
Joshua Morales
well i don't. more fakery in the digital age.
Carter Jackson
Upload it on Youtube, there's a pretty established PM community on there and you'd get more views and subscribers
Cameron Gray
There's nothing wrong with lending money and expecting to get paid more money sometime in the future. Also free banking is a good thing.
Tyler Perez
That’s all fine and dandy in a fiat economy, but in a hard money economy usurers will quickly control a substantial amount of the nation’s wealth because they do not toil to make a profit, they make money by doing nothing. You cannot be a proponent of a gold standard while also being a proponent of usury. Unless you’re a Jew of course, and controlling the wealth of gentile nations is your goal
Julian Baker
I call it the barbaric relic, now fuck off.
Leo Cruz
>NOOOOOOO YOU CAN'T JUST INCREASE THE COST OF HOUSING, EDUCATION AND HEALTHCARE THEREBY NECESSAITATING SYTEMIC USE OF CREDIT WHICH IS JUST MORE PROFIT OPPORTUNITIES FOR USURIOUS JEWS.
Jace Reed
FUCK YOUTUBE
Gavin Brown
>That’s all fine and dandy in a fiat economy, but in a hard money economy usurers will quickly control a substantial amount of the nation’s wealth do you have self awareness? have you looked at any wealth distribution figures over time?
>>NOOOOOOO YOU CAN'T JUST INCREASE THE COST OF HOUSING, EDUCATION AND HEALTHCAR But they aren't doing that. The only groups doing that are the government and central bank. People who loan money out to people/businesses which increase capital investment and increase economic output actually LOWER prices, you brainlet.
Easton Lewis
>That’s all fine and dandy in a fiat economy, but in a hard money economy usurers will quickly control a substantial amount of the nation’s wealth because they do not toil to make a profit, they make money by doing nothing. Why then during the free market, free banking period of 1865-1913 did the working class see a massive gain in living standards?
Elijah Myers
Yeah government & central bank bailing out banks and companies is really the root of the problem. There wouldn't be a problem if downturns were allowed to happen
Jeremiah Hughes
>do you have self awareness? have you looked at any wealth distribution figures over time? You can’t counter my argument, so you use ad hominem and then propose a question about wealth distribution figures over time without actually SHOWING said figures. You’re pathetic
Brody Myers
This. People on here and in politics in general always make arguments in a vacuum. Of course lending money is fine but this current system makes basic living impossible without mortgaging your future. This is what the founders (muh founders)?mean when they say we have the right to life, liberty, and pursuit of happiness. I cant own my own house. I can't get a job without college loans. I can't get medical care without massive hospital bills I'll never pay off because reasons 1 and 2. I can't afford a family and if I have children I cant afford to feed them right (lest they be hooked on corn syrup, basedbean oil, and hormones in inhumanely raised meat). I can't educate them hell , who can raise them effectively when the mother has to have a job too in order to make ends meet? Every single aspect of our society is COMPLETELY FUCKED
>uhh what you're saying I can't loan somebody money
Kevin Sanders
>There wouldn't be a problem if downturns were allowed to happen Downturns wouldn't even exist if we had free banking/free markets. If we had simply allowed the past recessions to take their course, we would have restructured on solid ground and have had actual economic growth by now, but all we have is a zombie economy filled with malinvestment.
> Why then during the free market, free banking period of 1865-1913 did the working class see a massive gain in living standards? You’re shifting the goalposts now, I’m talking about how the money supply can be controlled through usury, not living standards
No you fucking retard. You literally said that concentration of wealth around banking wouldn't be a problem under a fiat system, but it would under a hard money system. I made the obvious appeal to the ENTIRE HISTORY of US economic data which you are clearly oblivious to. Banking and wealth disparity was not a problem until 1971, when bankers became the richest people in the world and the 1% started to own more and more of the economic output of the US. WHAT THE FUCK HAPPENED IN 1971 DUMBASS?
If I actually need to pull these figures out in a PRECIOUS METALS GENERAL you have no actual understanding of economics or economic history.
Elijah Johnson
>You’re shifting the goalposts now How? There is a massive amount of empirical evidence refuting your central point and you're just ignoring it.
>I’m talking about how the money supply can be controlled through usury Then why wasn't it controlled during this period?
Isaac Watson
>WHAT THE FUCK HAPPENED IN 1971 DUMBASS? BASED People in these threads REALLY need to understand austrian theory, it's a neccessity.
