I'm starting to think DEFLATION is coming
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2021 Jul 16, 11:39am 9,264 views 115 comments
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92
SumatraBosch
2021 Jul 21, 8:51pm
SumatraBosch
2021 Jul 21, 8:51pm
There is no reason a 3/2 in Vallejo shouldn't be valued at $500 million if it has a driveway.
93
mell
2021 Jul 21, 11:06pm
SumatraBosch says
Exactly!
There is no reason a 3/2 in Vallejo shouldn't be valued at $500 million if it has a driveway.
Exactly!
95
richwicks
2021 Jul 23, 12:25pm
richwicks
2021 Jul 23, 12:25pm
Patrick says
They may be true, but the people who have been hording precious metals will kill before they turn them in. They regard the government as a bunch of criminals, and their right to think this.
The COMEX is provably manipulated. JP Morgan was charging for storage of precious metals without actually purchasing it, Barrack mining claiming they were part of a government price suppression scheme when they were sued in court, and gold bugs have been slandered and libeled for 20 years - and nobody goes to jail.
There's not the dynamic that there was in the 1930's and a lot of what we were told about the 1930's, didn't happen. You can buy a 1920's gold $20 piece today, and you'll find out, it's in near or mint condition, because people didn't circulate it. They also didn't turn them in.
Misc saysThe government is not going to allow the peasants to collapse the banking system. The government will simply outlaw physical ownership of precious metals,
They will outlaw the physical ownership of precious metals again.
They may be true, but the people who have been hording precious metals will kill before they turn them in. They regard the government as a bunch of criminals, and their right to think this.
The COMEX is provably manipulated. JP Morgan was charging for storage of precious metals without actually purchasing it, Barrack mining claiming they were part of a government price suppression scheme when they were sued in court, and gold bugs have been slandered and libeled for 20 years - and nobody goes to jail.
There's not the dynamic that there was in the 1930's and a lot of what we were told about the 1930's, didn't happen. You can buy a 1920's gold $20 piece today, and you'll find out, it's in near or mint condition, because people didn't circulate it. They also didn't turn them in.
96
B.A.C.A.H.
2021 Jul 23, 3:33pm
B.A.C.A.H.
2021 Jul 23, 3:33pm
richwicks says
Exactly!
They held onto it for four decades during which the stocks went up (including the mining stocks went up), and deposits and Treasuries paid them interest.
If they needed to spend they redeemed some of those stocks/deposits/CDs/Treasuries for cash that they could spend, or maybe just spent the dividends/interest.
The Gold Hoarder could not spend his hoarded gold in the US without breaking the law, - meaning that whomever he sold it to was also breaking the law. This sounds like the risks of selling any contraband like unregistered firearms, illegal drugs, or whatever. He could admire his shiny gold coin but do little else with it. Like Gollum with his Precious.
You can buy a 1920's gold $20 piece today, and you'll find out, it's in near or mint condition, because people didn't circulate it. They also didn't turn them in.
Exactly!
They held onto it for four decades during which the stocks went up (including the mining stocks went up), and deposits and Treasuries paid them interest.
If they needed to spend they redeemed some of those stocks/deposits/CDs/Treasuries for cash that they could spend, or maybe just spent the dividends/interest.
The Gold Hoarder could not spend his hoarded gold in the US without breaking the law, - meaning that whomever he sold it to was also breaking the law. This sounds like the risks of selling any contraband like unregistered firearms, illegal drugs, or whatever. He could admire his shiny gold coin but do little else with it. Like Gollum with his Precious.
97
Patrick
2021 Jul 23, 3:38pm
Patrick
2021 Jul 23, 3:38pm
He could wait it out, maybe pass it on to the next generation. It won't grow in real value, but it won't lose in real value either.
If you find a gold coin from the Roman Empire, it still has about the same value as gold back then, ignoring the historical value.
Governments change, and if We The People get better focused on the things that matter (like the criminality of the government-oligarch-corporate complex) and less focused on things that serve to divide us (race, sex, etc) then we will eventually get back the right to use gold and silver as literal hard currency.
If you find a gold coin from the Roman Empire, it still has about the same value as gold back then, ignoring the historical value.
Governments change, and if We The People get better focused on the things that matter (like the criminality of the government-oligarch-corporate complex) and less focused on things that serve to divide us (race, sex, etc) then we will eventually get back the right to use gold and silver as literal hard currency.
98
B.A.C.A.H.
2021 Jul 23, 8:38pm
B.A.C.A.H.
2021 Jul 23, 8:38pm
Patrick says
He could wait it out, if he lived four more decades. Or he could put it to work.
The government set the gold price at $35 per ounce in January 1934, when the DJIA was 75.
Gold was legal to own again in January, 1975. The market price was about $175. DJIA was 850.
ill-liquid gold up 500% during that time, if you're still alive 4 decades later. DJIA up 1100%, with the ability to sell every business day during those four decades.
Gold today 1802. DJIA 35,060
Gold up 5150% since the 1934 seizure. DJIA up 46,700% since the seizure... and cash flow from dividends!
Yeah, Hoarding shiny gold, like Gollum in Lord of the Rings with his Precious, is really so much more savvy.
He could wait it out
He could wait it out, if he lived four more decades. Or he could put it to work.
The government set the gold price at $35 per ounce in January 1934, when the DJIA was 75.
Gold was legal to own again in January, 1975. The market price was about $175. DJIA was 850.
ill-liquid gold up 500% during that time, if you're still alive 4 decades later. DJIA up 1100%, with the ability to sell every business day during those four decades.
Gold today 1802. DJIA 35,060
Gold up 5150% since the 1934 seizure. DJIA up 46,700% since the seizure... and cash flow from dividends!
Yeah, Hoarding shiny gold, like Gollum in Lord of the Rings with his Precious, is really so much more savvy.
99
Patrick
2021 Jul 24, 2:00pm
Patrick
2021 Jul 24, 2:00pm
Right, I'm just talking about preserving the buying power of cash.
Gold does that. It's not an investment, does not grow in value.
Gold does that. It's not an investment, does not grow in value.
100
B.A.C.A.H.
2021 Jul 24, 3:21pm
B.A.C.A.H.
2021 Jul 24, 3:21pm
HunterTits says
Agreed. I got carried away with that topic. Maybe I saved some savings in bullion also.
But this does not change the reality that for about forty years, the gold saver could not spend his savings without having another illegal partner in crime in the transaction.
You seem to confuse SAVING with INVESTING.
One does not SAVE in the stock market.
Agreed. I got carried away with that topic. Maybe I saved some savings in bullion also.
But this does not change the reality that for about forty years, the gold saver could not spend his savings without having another illegal partner in crime in the transaction.
101
fdhfoiehfeoi
2021 Jul 24, 6:28pm
fdhfoiehfeoi
2021 Jul 24, 6:28pm
B.A.C.A.H. says
Actually, according to the Constitution, only gold and silver have ever constituted legal money. Even the Federal Reserve admits this directly on their notes, that the paper represents debt. Real money never represents an obligation to repay.
The act did not make gold and silver illegal, it just removed the redemption requirement for Federal Reserve paper. As a point-in-fact, junk silver was still issued by the US Treasury through the 50's.
The central bank game has never been to directly attack gold and silver as money, because it would never work. Instead, they write laws to force the acceptance of their bad money, and once people realize that can pay something with worthless paper, rather than real money, the money quickly disappears from circulation.
And I haven't even addressed black/free markets, and easy it has always been to circumvent the law, especially the ridiculous ones.
The Gold Hoarder could not spend his hoarded gold in the US without breaking the law, - meaning that whomever he sold it to was also breaking the law. This sounds like the risks of selling any contraband like unregistered firearms, illegal drugs, or whatever. He could admire his shiny gold coin but do little else with it.
Actually, according to the Constitution, only gold and silver have ever constituted legal money. Even the Federal Reserve admits this directly on their notes, that the paper represents debt. Real money never represents an obligation to repay.
The act did not make gold and silver illegal, it just removed the redemption requirement for Federal Reserve paper. As a point-in-fact, junk silver was still issued by the US Treasury through the 50's.
The central bank game has never been to directly attack gold and silver as money, because it would never work. Instead, they write laws to force the acceptance of their bad money, and once people realize that can pay something with worthless paper, rather than real money, the money quickly disappears from circulation.
And I haven't even addressed black/free markets, and easy it has always been to circumvent the law, especially the ridiculous ones.
102
fdhfoiehfeoi
2021 Jul 24, 6:38pm
fdhfoiehfeoi
2021 Jul 24, 6:38pm
Patrick says
Yes, gold is not bitcoin. That is why it has served as currency since the beginning of time. It is also not stocks, central bank debt notes, mortgages, or any of the endless pieces of paper central banks use to steal from us through their greatest asset, inflation. And there's the rub. You see, if you support fiat assets to gain "wealth", you have to support screwing somebody. If you support gold and silver, you can make your wealth with a clear conscious, knowing no widows or orphans were put out in the street so you could have that addition on your home.
Gold does that. It's not an investment, does not grow in value.
Yes, gold is not bitcoin. That is why it has served as currency since the beginning of time. It is also not stocks, central bank debt notes, mortgages, or any of the endless pieces of paper central banks use to steal from us through their greatest asset, inflation. And there's the rub. You see, if you support fiat assets to gain "wealth", you have to support screwing somebody. If you support gold and silver, you can make your wealth with a clear conscious, knowing no widows or orphans were put out in the street so you could have that addition on your home.
103
B.A.C.A.H.
2021 Jul 24, 7:11pm
B.A.C.A.H.
2021 Jul 24, 7:11pm
NuttBoxer says
If you say so. What ever. I wonder if they cited those lines in the Constitution to the agent of the IRS:
By Executive Order Of The President of The United States, March 9, 1933.
By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, in which Congress declared that a serious emergency exists, I as President, do declare that the national emergency still exists; that the continued private hoarding of gold and silver by subjects of the United States poses a grave threat to the peace, equal justice, and well-being of the United States; and that appropriate measures must be taken immediately to protect the interests of our people.
Therefore, pursuant to the above authority, I hereby proclaim that such gold and silver holdings are prohibited, and that all such coin, bullion or other possessions of gold and silver be tendered within fourteen days to agents of the Government of the United States for compensation at the official price, in the legal tender of the Government.
All safe deposit boxes in banks or financial institutions have been sealed, pending action in the due course of the law. All sales or purchases or movements of such gold and silver within the borders of the United States and its territories and all foreign exchange transactions or movements of such metals across the border are hereby prohibited.
Your possession of these proscribed metals and/or your maintenance of a safe deposit box to store them is known by the government from bank and insurance records. Therefore, be advised that your vault box must remain sealed, and may only be opened in the presence of an agent of the Internal Revenue Service.
By lawful order given this day, the President of the United States.
Franklin Roosevelt – March 9, 1933
(yes, I know, they continued issuing coinage in what you called "junk" silver).
Like President Jackson said about the Supreme Court ruling on a Constitutional issue back in the day, "John Marshall has made his decision; now let him enforce it."
Actually, according to the Constitution, only gold and silver have ever constituted legal money. Even the Federal Reserve admits this directly on their notes, that the paper represents debt. Real money never represents an obligation to repay.
If you say so. What ever. I wonder if they cited those lines in the Constitution to the agent of the IRS:
By Executive Order Of The President of The United States, March 9, 1933.
By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, in which Congress declared that a serious emergency exists, I as President, do declare that the national emergency still exists; that the continued private hoarding of gold and silver by subjects of the United States poses a grave threat to the peace, equal justice, and well-being of the United States; and that appropriate measures must be taken immediately to protect the interests of our people.
Therefore, pursuant to the above authority, I hereby proclaim that such gold and silver holdings are prohibited, and that all such coin, bullion or other possessions of gold and silver be tendered within fourteen days to agents of the Government of the United States for compensation at the official price, in the legal tender of the Government.
All safe deposit boxes in banks or financial institutions have been sealed, pending action in the due course of the law. All sales or purchases or movements of such gold and silver within the borders of the United States and its territories and all foreign exchange transactions or movements of such metals across the border are hereby prohibited.
Your possession of these proscribed metals and/or your maintenance of a safe deposit box to store them is known by the government from bank and insurance records. Therefore, be advised that your vault box must remain sealed, and may only be opened in the presence of an agent of the Internal Revenue Service.
By lawful order given this day, the President of the United States.
Franklin Roosevelt – March 9, 1933
(yes, I know, they continued issuing coinage in what you called "junk" silver).
Like President Jackson said about the Supreme Court ruling on a Constitutional issue back in the day, "John Marshall has made his decision; now let him enforce it."
104
zzyzzx
2021 Aug 13, 5:18am
zzyzzx
2021 Aug 13, 5:18am
https://finance.yahoo.com/news/half-lumber-dealers-now-sit-202239107.html
Half of Lumber Dealers Now Sit on Excess Inventory in the U.S.
Half of Lumber Dealers Now Sit on Excess Inventory in the U.S.
105
Bitcoin
2021 Aug 13, 8:29am
Bitcoin
2021 Aug 13, 8:29am
NuttBoxer says
so true. falling asleep looking at the performance of gold over 20years.
Real Estate, Stocks and Crypto is investing. Putting money in gold is a boring gamble. You might find yourself holding it for a decade below a price you paid.
Patrick saysGold does that. It's not an investment, does not grow in value.
Yes, gold is not bitcoin
so true. falling asleep looking at the performance of gold over 20years.
Real Estate, Stocks and Crypto is investing. Putting money in gold is a boring gamble. You might find yourself holding it for a decade below a price you paid.
106
stereotomy
2021 Aug 13, 8:53am
stereotomy
2021 Aug 13, 8:53am
richwicks says
Bullionvault.com
FYI - any purchase and sale transactions fall under FATCA if you store your bullion outside the US. But at least they can't seize it if it's just sitting there. Things get more complicated if you try to access funds from any bank account other than the one you used to buy bullion (thanks AML "laws").
Misc saysThere is no savior in gold. The gold simply doesn't exist and if you have any, it will simply be confiscated because it's been outlawed.
People accumulating gold would dump it in the Mariana's trench rather than give it to the criminals that caused the economic collapse.
This isn't the 1930's any more when people had a high level of trust in the government. In fact, prior to the outlawing of gold in 1933, many people sent it over-seas. This is why gold coins from the late 1920's are in pristine condition. They were never circulated.
Bullionvault.com
FYI - any purchase and sale transactions fall under FATCA if you store your bullion outside the US. But at least they can't seize it if it's just sitting there. Things get more complicated if you try to access funds from any bank account other than the one you used to buy bullion (thanks AML "laws").
108
komputodo
2021 Aug 13, 10:49pm
komputodo
2021 Aug 13, 10:49pm
Patrick says
yes....selling farmland to real americans who have our interests at heart, like bill gates, and to the saudi's, is a much better option than selling it to chinese investors.
They've already sold the country to China by outsourcing almost all US manufacturing to them.
But yes, selling our farmland makes it worse. At least we can take it back easily.
yes....selling farmland to real americans who have our interests at heart, like bill gates, and to the saudi's, is a much better option than selling it to chinese investors.
109
komputodo
2021 Aug 13, 10:51pm
komputodo
2021 Aug 13, 10:51pm
SumatraBosch says
An asphalt or concrete driveway?
There is no reason a 3/2 in Vallejo shouldn't be valued at $500 million if it has a driveway.
An asphalt or concrete driveway?
110
komputodo
2021 Aug 13, 10:53pm
komputodo
2021 Aug 13, 10:53pm
NuttBoxer says
You mean the ones that signed contracts with big corporations and got fucked?
A farmer isn't going to be trading you food for gold either, but since farmers on average are in debt about $1 million, they will trade for dollars.
You mean the ones that signed contracts with big corporations and got fucked?
111
komputodo
2021 Aug 13, 10:55pm
komputodo
2021 Aug 13, 10:55pm
joshuatrio says
You mean people will stop buying massive amounts of food and actually start losing some weight?
At some point, people can't keep up with the rising prices and quit buying. Wouldn't that naturally lead to deflation?
You mean people will stop buying massive amounts of food and actually start losing some weight?
112
komputodo
2021 Aug 13, 11:05pm
komputodo
2021 Aug 13, 11:05pm
joshuatrio says
People will keeps spending every penny they have and have their CC's maxed out too...even if its for less products...Corps don't need to sell more products to make money. They can just cut costs...sell bonds or borrow cheap money and do stock buybacks...makes the management and stockholders richer...everyone is happy except the poor schmucks who got fired.
At some point, people can't keep up with the rising prices and quit buying. Wouldn't that naturally lead to deflation? I know the fed can print indefinitely, but if people refuse to spend, I think we'd still have a downward slope in prices.
People will keeps spending every penny they have and have their CC's maxed out too...even if its for less products...Corps don't need to sell more products to make money. They can just cut costs...sell bonds or borrow cheap money and do stock buybacks...makes the management and stockholders richer...everyone is happy except the poor schmucks who got fired.
113
Onvacation
2021 Aug 14, 8:18am
Onvacation
2021 Aug 14, 8:18am
komputodo says
Microsoft Bill? The one that wants to reduce the world's population? That Bill Gates?
real americans who have our interests at heart, like bill gates,
Microsoft Bill? The one that wants to reduce the world's population? That Bill Gates?
114
komputodo
2021 Aug 14, 9:38am
komputodo
2021 Aug 14, 9:38am
Onvacation says
Yeah, that patriot who has our best interests at heart.
komputodo saysreal americans who have our interests at heart, like bill gates,
Microsoft Bill? The one that wants to reduce the world's population? That Bill Gates?
Yeah, that patriot who has our best interests at heart.
115
Patrick
2021 Aug 14, 10:19am
Patrick
2021 Aug 14, 10:19am
https://spectatorworld.com/topic/google-war-home-workers-inevitable/
Google is cutting salaries of people who work from home, which sounds deflationary to me.
Google is cutting salaries of people who work from home, which sounds deflationary to me.
Google, the company that quietly dropped ‘don’t be evil’ from is corporate goals — possibly because it thought it might be just a trifle misleading — has suggested that some of those who opt to work from home could have their pay cut. According to reports from the United States, salaries might be docked depending on where you live and choose to work. And, in truth, there is not much anyone can do about it.
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At some point, people can't keep up with the rising prices and quit buying. Wouldn't that naturally lead to deflation? I know the fed can print indefinitely, but if people refuse to spend, I think we'd still have a downward slope in prices. Additionally, with the "supply" shortages caused by government paying people to stay home, I would assume these shortages would stop once people start going back.
Ourselves and people in our neighborhood pretty much said "fuck it" to all projects that required lumber, and we're seeing those prices starting to come back down. I think we'll see the same with car prices and most other commodities.
Here was a good article on what I feel is starting to happen:
https://www.zerohedge.com/markets/hangover-here-explosive-inflation-leads-record-collapse-home-car-purchase-plans
I was gung ho on buying real estate the other month, but I've had some people who own hundreds of rentals tell me last month to wait 3-6 months minimum, as they expect prices to start falling.