The federal reserve can keep rates low by inflating, when will cypherdoc ever get it?
From the original gold thread, I think he gets it - he just doesn't think they'll inflate, or that inflation won't have significant effect at this point if they do. Then he thinks that they wont keep rates low as long as for 2014 if deflation is apparently imminent. 2% is the target inflation rate. They don't want to exceed it but they don't want deflation either, they will inflate as much as possible without convincing others they are inflating too much. They will manipulate the figures to achieve this as they have been doing. |
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Sorry, I do not understand this. Why is this better than a smartphone? A clumsy little card? Why?
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Deflation is not in the mandate either. It's supposed be 2% inflation. They manipulate the figures to make it higher though.
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The federal reserve can keep rates low by inflating, when will cypherdoc ever get it?
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perhaps you don't know. the demand for credit is non-existent, hence the low rates.
The demand for credit is stratospheric. However, the demand for safety is greater. End result: stagnation. The demand will only get greater as banks need bailing out again and again forcing central banks to inflate. Banks do have a lot of excess reserves which they haven't flooded out into the system yet. What about governments? They always need money to finance the deficits and we are seeing that their solution is to now monetise the debt directly from central bank purchases. The US pretty much has this sorted, as Greenspan said, the US wont default. At least not on the nominal debt obligations but it will default in some sense through inflation. So in the future I think direct monetisation of debt is more likely than general inflating, especially when faith is lost in US treasuries. |
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The attack on gold failed.
We have been talking about debt collapse, with low rates, easy credit, it wont happen.
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Guess you don't know how the economy works then. Oh well. Only way to keep rates super low is with massive artificial supply of credit.
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Boring fed meeting..
Business as usual.
The country is doing crappy, but gotta be crappier before we print faster then we currently are.. (which is crazy fast, lol)
By saying they are keeping rates low until at least 2014 means inflation inflation inflation. Same story and will remain so for some time. |
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Come on now. Lets all be nice to each other.  |
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Bitcoin got hammered all weekend  It went up a lot on friday and simply went back down. |
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Well excuse me, I had no idea that stocks and property prices were such superb indicators of gold prices.
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but we've sure had 2 stock mkt crashes of around 57% and an ongoing housing crash. that sure is deflation and who wants to go thru that again? By inflation/deflation we don't just refer to property prices and stocks, you know? |
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my whole rant about Apple has to do with its stock price and nothing else. and yes, i do think its topped.
$500, here we come!
We might agree with something here. |
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Bitcoin promotion: "You can buy drugs online with it."
It's quite easy.
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I'm waiting for the pirated version. |
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And silver is influenced more strongly from manipulators, if they are about.
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Down goes gold...
...Up goes gold... |
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The most ridiculous thing about MtGox that I've seen is the bank transfer costs. In the UK it seems Intersango is fine but not MtGox.
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