NIA Interviewed on Jason Hartman's Creating Wealth Radio Show

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Category:

Nonprofits & Activism

Tags:

• inflation
• hyperinflation
• gold
• silver
• meltup
• nia
• jason
• hartman
• creating
• wealth

[pretorious700]

Duh genius, money printing is inflation...the currency is nothing but paper.

[milkcowx]

@marieatthelake Except that's not really sustainable either. You cant survive on your own, Going into the woods or becoming the next Crocodile Dundee will only get you so far. You need a community of people to do more then just live day to day.

[StroonsGlen]

dili jud mapugngan ang inflation...

[darksatelite01]

This is the real deal folks

[forestloves]

@Numonic7 Allright then. Do not stack up on food, and don't buy precious metals to keep the value of your dollar for the future.

I'm not skilled enough for this debate, to be honest, and I simply trust Peter Schiff et. al. Let's call it a debate and leave it at that =)

Peace

[Numonic7]

@forestloves The reason house sales dropped is not bcuz the prices were too high, house sales dropped bcuz banks stopped making loans. So if food and energy prices got too high it would be bcuz there would be allot of subsidies for food and energy and the high price wouldn't stop people from being able to get food bcuz just like those with no income were able to afford a mortgage, anyone that wants food will be able to get a loan to afford it.

Housing is more than 50% of consumer consumption

[forestloves]

@Numonic7 No-no, because the essentials are the things that go up first and foremost. If food and energy are expensive as shit but houses/rent and LCD screens are available for the dirt poor, you'll still have riots in the streets, because food and energy is what matters the most, hands fucking down :) Or is this something you want to argue against?

Where is overall prices down in the U.S.? Let's cut the ideology and get to the data. Link me, please.

[Numonic7]

@forestloves Oh the irony. You chastise govt. for calculating inflation wrong bcuz they leave out food and energy and then you go around calculating inflation w/o including "houses/LCD screens". I include everything when calculating inflation.

So you agree that global spending is down from a few years ago?

I don't know much of Mike Norman's predictions but predicting the price moves of a few things(gold/oil) has nothing to do with the fact that global spending and thus overall prices is down

[forestloves]

@Numonic7 No, all the relevant stuff that people always need are much higher today, i.e. food and energy. That's how you measure inflation, and not through the price of houses or LCD screens.

And I did include that. Still waiting for a response to the Norman stuff. It's OK to be wrong and follow the incorrect messiah, dude. I'm not judging you or acting like I'm better because I listen to someone who gets it right.

:)

Peace

[Numonic7]

@forestloves Yes prices of somethings are higher today than they were a few years ago but OVER ALL prices are lower today than they were a few years ago.

Demand is most important. You say "people always demand everything, but few things are seldom available" but you have to include the currency as one of those few things. Availability is not defined by the supply of something but by the willingness of someone to exchange that thing. Right now there's less total money willing to be exchanged.

[forestloves]

@Numonic7 Wait, what? Your argument does not at all follow logically. But, so you don't think we will have inflation, or are currently not experiencing it? Buy much groceries?

Also, from that episode, Norman has said for years that gold and oil is going to go down, and that the dollar was going to go up. Has that happened? Also, demand means nothing in comparison with supply. People always demand everything, but few things are seldom available.

Did Norman predict the NASDAQ and housing bubble?

[Numonic7]

@forestloves Yes Norman and Schiff have both been guests on Fox business together. You can find it on youtube.

You are wrong. It matters less how much supply of $ there is than how many are being spent The rate of spending determines the amount of demand & value for the currency. Spending is the exchange of currency for things that are not the currency. More spending means there is less demand for $'s and less spending means there is more demand for $'s, we've the latter now, $ bullish.