Hyperinflation Nation Part 2/3

How can you honestly say that, these things don't matter???

How can you claim I am not being "logical", when I bring these things up???

Can't you think of a way to fix the Government that don't increase the price of cell phones to a thousand dollars???

The most important industrial use of gold is in the manufacture of electronics...

...Gold is the highly efficient conductor that can carry these tiny currents and remain free of corrosion...

... A small amount of gold is used in almost every sophisticated electronic device. This includes: cell phones, calculators, personal digital assistants, global positioning system units and other small electronic devices. Most large electronic appliances such as television sets also contain gold.

dons, before you once again ignore my comment and jump right back into your agenda, you should at least read my list of just a few uses for gold besides hoarding.

And no, this isn't me being "emotional", this is me being LOGICAL! youtube won't let me post source links, but Google will find it no problem.

dons,

My point was: Gold has become a consumable resource used in a large number of industries, and that a large Government should at least consider the consequences before hoarding so much of it that no one else in the world could afford it.

Your response was, and I quote: "I don't care if gold is a billion dollars anounce. It doesn't matter."

And then you accuse me of being "all about emotion", with "no rational"???

Can you at least see why this tempts me to insult you?

overseen by Sarbane Oxley, which has been in affect since Enron. The answer is to go back pre 94 and restore traditional accounting to hard assets. That restores real capital to banking. But by printing more money to "bail" out companies when they fall short of capital, will cause a money bubble as this video shows, in hyperinflation. No amount of Beuracracy will fix this, it has to be real capital, and cash.

You sound like you know a lot about this, certainly more than me. Your prescription sounds like a good idea. My point was simply that the banks were undercapitalized, and it sounds like you agree.

Value of the Dow when priced in gold. Fortunately the stock market is not valued in gold. Why not value the stock market in beef or oil or corn? So many wonderful commodities to get scared about.

I'm not actually sure.

hood, well capitalized banks come in two forms today, real estate and gold. The Feds are propping up real estate prices by buying distressed homes. The banks are still not capitalized. Your tax dollars are creating another bubble thanks to the feds.

Well, the larger problem with the financial crisis was not banks anyways, it was the shadow banking system with institutions like investment banks and holding companies ect, not traditional banks, and they were not really overseen by anyone. But going forward, banks and other institutions will need to hold more cash in reserve and loan out much less freely. But I don't think another bubble in that sector is possible.