Infowars.com - Its Getting Ugly Economist Says Hoard Gold & Scotch

[tfiasco88]

but his type have been screaming about hyperinflation since 2000.... its 2011 & inflation is barely above 1%.. HOARD GOLD NOW!!!

[1IIIIIIIIII1]

@tfiasco88 WHY ARE THE CENTRAL BANKS AND GOVMENTS AROUND THE WORLD HOARDING GOLD IF HAVING GOLD IS A SILLY IDEA?

[tfiasco88]

@1IIIIIIIIII1 "hoarding gold"... you act as if the market for gold itself is large (which it isnt by any means). And what central banks & governments around the world are hoarding gold?? (by this i mean provide links to credible sites). The only ones I see hoarding gold are crazed (and rich) individual investors

[1IIIIIIIIII1]

@tfiasco88 ITS WELL KNOWN THAT BANKS ARE NOT SELLING GOLD ANYMORE, BUT BUYING IT.......GO AHEAD AND HOARD DOLLARS AND SEE HOW YOU DO.

[tfiasco88]

@1IIIIIIIIII1 lol its people like you who would lose their wealth listening to these guys... but hoard away

[1IIIIIIIIII1]

@tfiasco88 DOES THATMEAN YOU HAVE NOT BOUGHT ANY SILVER OR GOLD?

[tfiasco88]

@1IIIIIIIIII1 yup... guess that means you filled your portfolio with only silver & gold

[1IIIIIIIIII1]

@tfiasco88 NO NOT ME.....IM ALL IN ON BUBBLE GUM AND COOKIE DOUGH

[singledad1234]

henrymakow com wake up to the zionist control of the federal reserve bankers

[ezrhino100]

why is this guy always talking about SCOTCH? fuck scotch. are you going to walk around with a flask for currency?

[yaahme]

Jack Daniels Scotch is da bomb IMHO. Good for universal barter.

Gold and Silver, however, will be the only thing that can be relied on though.

Sad really, but folks we got no choice here - get out of paper and into the PM's ASAP with delivery into your hands of course.

Physical folks, not paper of any sort.

[BiggerThinking1]

Dollars are no good as toilet paper - its only marginally better than sandpaper for wiping your soft ass-flesh!

[nottinmatterz2day]

you can ALWAYS consume them

[deceiver123m]

imma store cheap liquor... the inflation on even cheap booze should gain me a pretty penny in profits.

[shpickey]

this is what happens when you do not include home prices in the inflation index, when you let home prices increase to high that means personal debt is really huge ie mortgages in order for people to pay off all these mortgages you have to keep increasing the money supply or face a shortage of cash to pay off these huge debts

[ConservativeLogic]

There is inflation already. Actually the stock market is a great indicator. prices have been steadily increasing particulary in financial stocks because the dollar will be worth less and private investors know this. As a first indicator stock (paper rises), food and energy rise mostly unreported because it's not in the CPI index. Gee, food and energy the most consumed goods are not reported in the all important "consumer price index" figures given by the government . LMAO. people are stupid.

[doirevomba]

infinite growth + limited resources = shitcreek.

[THB79]

@doirevomba  Good one!!!

[21hills]

The world is collapsing. Why?1.Fractional Reserve Banking. 2.Elite families own the central banks, charge us to use our own money,we'll never be out of debt, every dollar printed has debt attatched. 3.The world currency, the dollar went off the gold standard in the 70's and has been losing value since.4.Infiltration,corruptio­n and influence of the governments by the banking elite.5.Using big words and convoluted theories will not solve the problem. It's all very simple.Take our money back...

[rodolphesimon]

Fuck..., it's over.

[AirelonTrading]

Money growth does not drive inflation.

Period.

It's been proven so many times, it's laughable.

[AirelonTrading]

Besides that, a) money supply is so hard to track it's insane, b) much of the created "injected" liquidity is already gone. It allowed institutions to deleverage to troubled assets and deleverage is the destruction of that liquidity. It converts to asset control. It can't come back out of the system, because it's already been converted.

[gierkep]

can you cite? just be curious to see the reasoning against it cause it makes total sense as far as supply demand goes

[AirelonTrading]

1982.

The money supply was increased more than ever before. And inflation fell. Year, after year, after year. Milton Friedman was absolutely having a fit and falling in it. Claiming there would be 'hyperinflation'. Nothing happened. Because Friedman failed to take into account the very variables that affect MV=PT, the equation he sort of adopted.

Look at Japan in the 1990's. They increased the money supply. Created a liquidity trap - because the velocity slowed to nothing.

[OgeronimonominoregO]

What do you mean "inflation fell"? The rate of increase in prices fell? Over a year or two? So freakin' what?!? No matter what you say, everyone knows that inflation has been going on virtually uninterrupted since the Fed took over.

What did things cost in 1982 compared to what they cost now?

You keep getting sucked into these stupid short-term Keynesian arguments and ignoring the fundamentals and the big picture.

Debt is choking the world. ALL of it came from morons printing money.

[AirelonTrading]

Who keeps money for 100 years?

If you give me the choice of deflating a currency for a hundred years and improving real wealth (roads, freeways, infrastructure, defense, technology, science) in any given economy?

Or keeping the currency at the same level, and you can't keep up with real wealth (I assume you understand that wealth is not a currency) of an economy?

I'll choose deflating the currency for standard of living, each and every time. Who keeps money for 100 years?

[OgeronimonominoregO]

I can't even follow that one. Do you mean devaluing a currency when you say "deflating a currency"? Deflating would be taking money out of the system, but I don't see how that has anything to do with what you said.

You seemed to be saying that increasing money supply doesn't matter - or at least until the time that it does matter, which to me seems utterly pointless to say.

Don't confuse people with that stuff. Inflation is bad. This system is bad.

[AirelonTrading]

Increasing the money supply may not matter.

But I assume you are aware of the two variables that have been PROVEN to AFFECT MV=PT.  This is why it is more correct to use MV=PQ.

Any true economist understands 1) How difficult it is to track the money supply. You don't even know what's there, and 2) that due to MV=PQ - the liquidity that's been "provided" to the system is already gone. There has been no increase.

The real interest rate is asserting itself. I would think any Friedman groupie

[AirelonTrading]

would understand this, & understand that the system cannot defeat the real interest rate as determined by the market.

Aggregates, in practice - are what have to be followed. It blows my mind that Friedman disciples cant understand the very variables that affect Friedmans beloved MV=PT.

What affects T for crying out loud. That's what you should be following.

If you actually understood any of this, you would understand much of the 'supposed' liquidity, much of the supposed 'increase' is gone

[AirelonTrading]

Deleveraging is asset control, therefore the injections of money are gone. They've been converted.

watch?v=XVWX6sogYRI&fmt=18

It's as I've said for a long, long time. You cannot defeat free market forces. Risk is asserting itself.

What is occuring in the markets is not to be feared. It's to be welcomed.

[Nintendomanwill]

From your professional point of view, do you not think that when supposedly reputable economists claim that we must prevent deflation by saving the monetary system from destruction, that they are missing the point? Because the people are causing the banks to collapse and are following alternate methods of saving for a REASON, viz, to save after the overconsumption of the boom years caused by distortions in the capital structure due to the Fed increasing FRB loans via decreasing interest rates!

[AirelonTrading]

As far as "preventing" or not preventing anything - I'm not in one camp or the other.

I'm a trader - I just have to understand what's going on - accurately - not what economists think. I mean seriously - listen to the video above. This is from February 18th of last year. Almost one year ago. So much for "hyperinflation".

I've met economists who cannot accurately define QE - and think it's "printing money".

Basically - as a trader ... I have to be a "one man shop", and have no emotional

[Nintendomanwill]

QE is basically printing money, even if it's money that immediately chases some goods, bonds or whatever, the extra credit reduces the value of everyone's Fiat money.

If I were wrong we could go back in time and monetise the dark ages by giving everyone copper coins, but it's not chicken and the egg: if there are few goods in circulation to value against money, the 'lubricant' of QE cannot induce more productivity. It CAN, however, distort the capital structure thus misdirecting activity.

[AirelonTrading]

No ... it's not. It's extending credit and funds electronically. It's possible (note I said - possible) to distort the capital structure, but not towards inflation. Japan would have loved some inflation by this point, as they just went back to the QE teet (again)

For the U.S. Dollar however, it won't work that way, and why I was telling ones months ago to start to look towards buying the U.S. Dollar, which is now higher than it's been in 6 to 7 months.

[Nintendomanwill]

Airelon, I assume I've misinterpreted you, and that you've misinterpreted me.

It's utterly fallacious to suggest that you can increase wealth through credit expansion. It is completely counter-productive.

When the bust comes is when the fraud ends, when people see the extent of their misdirection, misallocated capital, and money deflates, the FRB banks collapse, people save and inefficient companies liquidate so the capital can be redisposed, efficiently as people have been SAVING!

JMK=wrong

[SilverRose09]

@AirelonTrading Do you still the same way about the US Dollar today?

[AirelonTrading]

@SilverRose09 Absolutely, and actually, now that we've been through three anti-periodic loops, I'm even more impressed with it's strength.

The problem with 99% of traders, investors and economists out there, is they think in a linear manner, and can't see the non-linear relationships. Three anti-periodic wealth destructive periods, and the U.S. Dollar is stronger than when the first loop began.

[charlesfuchs]

@AirelonTrading idiot

[AirelonTrading]

@SilverRose09 But most investors, economists, and traders look at a chart, and they think they're getting the full story. It's sort of sad really.

[AirelonTrading]

@SilverRose09 In fact (I was just reviewing some blog entries of mine), I actually talked about this dive in the U.S. Dollar, near September 15th (can't remember the exact issue), and then discussed it further publicly on September 22nd on my blog in a blog entry entitled: "Here comes the blather panic?" that the U.S. Dollar would fall, and then continue to fall.

[AirelonTrading]

@SilverRose09 (Ah, found it, September 13 issue of my newsletter): Seasonally, the U.S. Dollar is very weak for the month of September, and I've been somewhat encouraged that it has held up as well as it has. However, it should be noted that the current resistance level, or region of 82.350 is being tested ... If that turns out to be the case, then I wouldn't mind taking a short trade if I see the market congest at that level" - AMT - September 13, 2010

[AirelonTrading]

bias ... one way or another. I don't care what they do.  To me ... the entire system is silly.

[deceiver123m]

@AirelonTrading its not silly. its criminal and it wants to kill you. derrrr

[AirelonTrading]

People like John Williams are what we in the industry call a "smidiot". He's very good at keeping track of metrics. He's very intelligent. But when it comes to actually understanding the the mechanics of the capital markets ... he's an idiot.

Thus ... a smidiot

[jasonanthonybc]

the wealthiest fucking families on the planet retard that's who! You've obviously never had enough to 'want' to keep it. COINTELPRO idiot

[AirelonTrading]

Please ... please learn something of economics before you try to talk to an economist. I'm probably the largest anti-Keynesian on YT.

[OgeronimonominoregO]

Oh please. I don't care that you call yourself an economist. Some of the stupidest people in the world call themselves that. They were all cheering for the status quo like screeching apes as this whole mess was about to unfold. They were talking about WEALTH as the PRICE of house or the PRICE of a stock! It was just inflated paper value.

I said you use short-term arguments just like Keynesians. I didn't say you were one.

[trunkeight]

The true sign of a raving idiot is measured by their inability to explain economics in clear lay terms, like yourself.

Come back to you tube when you learn how to communicate.

[AirelonTrading]

My reputation speaks for itself.

Come back to YouTube when you can even address the points that I've raised.

But then again, you'd probably need to UNDERSTAND the basic concepts I've raised, before you can address them. To someone such as yourself, it probably seems like Greek.

[trunkeight]

Στην πραγματικότητα, η ελληνική δεν είναι ότι δύσκολα...

However, Your Jargon is totally worthless.

Prove your merit. Explain to us simply and clearly what you mean without the jargon... You may even be right!

[AirelonTrading]

Να σπουδάσω ελληνικά. Και μπορούν να μιλούν ρωσικά. Αυτό είναι αλήθεια. Αγγλικά δεν είναι δύσκολη. Ωστόσο, πιστεύω ότι έγραψα πολύ απλή οικονομική άποψη.

I have proven my merit. I'm an audited trader. I have called every short term bubble (3 month market expectation) since I went public in the last two years.

[trunkeight]

Yeah, english IS easy, but getting through this period won't be. What can I say?

Lo and behold the rise and fall of Creditopolis ;)

[robertsisco]

you must be a tard... seems clear to me

[rclark23]

@OgeronimonominoregO

a brother from another mother, bingo on the post!

I'll call that a 50 caliber Bulls-Eye!

Bravo, now please come to the front of the class,

and get your InfoWarrior Certificate

The J.P. Morgan [banking] interests and Global Bankers found it was only necessary to purchase the control of 25 of the greatest papers. ...an editor was furnished for each paper to properly supervise and EDIT information etc etc

Define HIGH TREASON America, do Police Protect Criminals Now?? G20?

[JOMO59]

@OgeronimonominoregO Agreed! Inflation is technically the actual printing of currency beyond the growth of the economy's needs (too much fiat currency chasing same or decreasing goods & services). Increase in prices is NOT inflation. It is the symptom of inflation. The word inflation does not refer to "inflated prices" it refers to "inflated currency" which then LEADS to inflated prices. By the time you "see" the inflated prices it's too late.

[ORPHANWORKS]

No offence, but it's hard to take someone with a tag like IAmJerkingOff very seriously. It's like watching someone debate in their underpants.

Get another account with a better tag and leave comments... just a suggestion.

PS. The thought f you jerking off to this vid kinda turns me on.

[Thunderwavia]

DAMN riiight, its all about the HARD Liquor. Whiskey, yum