Inflation = Taxation

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Originally Posted by Parker2112

You are in the same league as DarrinS. I still challenge you to point to one valid, credible take you have had all thread long. Just one.

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If labor's earning power is unaffected, then why should someone who works care if inflation is present?

Productivity gains that more than outstrip inflation mean that buying power actually goes up.

If your contention is that we are all so much worse off than we were in 1920 when the dollar was "worth more", then why does it take so much less time for the average person to earn enough money to buy a loaf of bread in 2010, than in 1910?

Doesn't that mean that we are generally better off, despite this inflation?

Nominally, banks will pay interest on deposits (you are loaning them money, btw).

This interest is generally a bit more than the risk-free rate, i.e. inflation, if you get a certificate of deposit.

This means that it is quite possible to shield ones cash from inflation. If the risk-free rate, i.e. overall inflation rate, spikes, then so does the return on your savings.

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Originally Posted by Parker2112

But the difference between the two of us: my take made it out onto the thread.

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You jump to conclusions, then hide behind sources you can barely summarize in your own words. Strong.

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Originally Posted by Parker2112

youre too cowardly to express anything, for fear that youll show your bloomers. I had the balls to state mine.

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You left your big balls on the floor where anyone can step on them. It goes with the territory. Don't break your wrist patting yourself on the back for your own courageousness. :lol

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Originally Posted by RandomGuy

If labor's earning power is unaffected, then why should someone who works care if inflation is present?

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because someday that worker would like to retire and not be a slave to someone stealing the fruits of their labor.

end . of. discussion .

Quite honestly, anybody who has any debt outstanding now would LOVE hyper-inflation.

Banks would hate it.

Assuming you had, say a car loan at 7%. Your payments on that car are $200.

Your net monthly pay is say, $5,000k, and after all your bills before the car loan, you have $1,200 left.

1,200-200=1,000 or 20% of your paycheck.

BAM!

Hyperinflation hits. Your paycheck, and the price of everything except that payment goes up.

Your net monthly pay is now $10,000 per month. Remember everything else except the car loan has gone up at the same rate.

You now have $2400 after all is said and done. Time to pay the car loan.

$2,400 - 200 = $2200 or 22%

You have now managed to keep a larger percentage of your money.

This is the reason farmers in the past have fully welcomed hyper-inflation.

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Originally Posted by angrydude

because someday that worker would like to retire and not be a slave to someone stealing the fruits of their labor.

end . of. discussion .

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http://en.wikipedia.org/wiki/401(k)

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Originally Posted by RandomGuy

Quite honestly, anybody who has any debt outstanding now would LOVE hyper-inflation.

Banks would hate it.

Assuming you had, say a car loan at 7%. Your payments on that car are $200.

Your net monthly pay is say, $5,000k, and after all your bills before the car loan, you have $1,200 left.

1,200-200=1,000 or 20% of your paycheck.

BAM!

Hyperinflation hits. Your paycheck, and the price of everything except that payment goes up.

Your net monthly pay is now $10,000 per month. Remember everything else except the car loan has gone up at the same rate.

You now have $2400 after all is said and done. Time to pay the car loan.

$2,400 - 200 = $2200 or 22%

You have now managed to keep a larger percentage of your money.

This is the reason farmers in the past have fully welcomed hyper-inflation.

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Now that youve been called out for the personal attacks, its back to the issues eh? Well, thats a little better than Darrin, I suppose, if thats what your shooting for.

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Originally Posted by RandomGuy

Productivity gains that more than outstrip inflation mean that buying power actually goes up.

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Can't be a lot of inflation for that to work otherwise that is one hell of an assumption. Obviously the closer to zero it is the more sustainable it is.

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Originally Posted by Parker2112

Now that youve been called out for the personal attacks, its back to the issues eh? Well, thats a little better than Darrin, I suppose, if thats what your shooting for.

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Banks would also hate hyper-inflation. It would erase their profit margins.

I can explain why if you wish.

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Originally Posted by angrydude

because someday that worker would like to retire and not be a slave to someone stealing the fruits of their labor.

end . of. discussion .

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Most people are forced to contribute to retirement funds.

The rates of return on those funds tend to be based on

Inflation + %

If you have any savings at all, you are not affected by inflation.

Unless, of course, you hold stock in banks.

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Originally Posted by RandomGuy

Banks would also hate hyper-inflation. It would erase their profit margins.

I can explain why if you wish.

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Eh, if you had posted anything of value in the first 6 pages, i might give a fuck. no thanks.

Dont forget to add in the Abe Lincoln quote, trick. Or would that diminish youre bullshit too much :lol

Come to think of it, I cited Abe Lincoln on that statement. And neither of you have touched North Dakota's state currency which operates based on FFC of the state. You are clowning me for something I took directly from Abe Lincoln. You must get tired of being called a joke, but here it is again: RG your a fucking joke.

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Originally Posted by Parker2112

Eh, if you had posted anything of value in the first 6 pages, i might give a fuck. no thanks.

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If you had posted anything of value in the first *9 *pages...

As it is, this thread will be another albatross around your neck.

One of my main points in the entire thread is that fear of the Fed seems to be inversely proportional to one's general knowledge of finance.

A point that you have very aptly demonstrated.

Could I have been nicer about it? Sure. Mea Culpa.

My other main point is that all of this debt is not, in and of itself, bad. It is a tool, like any other, to be used with a modicum of wisdom and restraint.

Generally, from what I have read and seen, the people using that tool are exercising both. I have seen no evidence of duplicity or malice, as you have suggested.

As usual, you have ascribed all sorts of motive with no proof. That is your intellectual achilles heel. It leads you to all sorts of illogical ideas.

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Originally Posted by RandomGuy

If you had posted anything of value in the first *9 *pages...

As it is, this thread will be another albatross around your neck.

One of my main points in the entire thread is that fear of the Fed seems to be inversely proportional to one's general knowledge of finance.

A point that you have very aptly demonstrated.

Could I have been nicer about it? Sure. Mea Culpa.

My other main point is that all of this debt is not, in and of itself, bad. It is a tool, like any other, to be used with a modicum of wisdom and restraint.

Generally, from what I have read and seen, the people using that tool are exercising both. I have seen no evidence of duplicity or malice, as you have suggested.

As usual, you have ascribed all sorts of motive with no proof. That is your intellectual achilles heel. It leads you to all sorts of illogical ideas.

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Between the two of us, I was the only one who spoke on the operation of the fed. A few days ago, you couldnt even see the correlation between inflation and indirect taxation. You had me and others explaining it to you. And you have spent most of your time on this thread trying to calculate the time value of whatever the fuck. And when challenged to show any knowledge on the fed, you continually resort to name calling.

YOU ARE A FUCKING JOKE.

You werent mean about it. You were clueless the entire time. Dont even kid yourself. The namecalling wasnt wrapped up in facts, it was your only approach to discourse. Your a fucking joke.

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Originally Posted by Parker2112

Come to think of it, I cited Abe Lincoln on that statement. And neither of you have touched North Dakota's state currency which operates based on FFC of the state. You are clowning me for something I took directly from Abe Lincoln. You must get tired of being called a joke, but here it is again: RG your a fucking joke.

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:sleep

Whatever you say, Floride Boy.

If it was so easily dismissed I would think that you would be able to easily dispatch the theory with facts. And the only thing you could try and do was easily dismiss it by saying it was easily dismissable. Then add name calling. Youre a fucking joke.

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Originally Posted by Parker2112

If it was so easily dismissed I would think that you would be able to easily dispatch the theory with facts. And the only thing you could try and do was easily dismiss it by saying it was easily dismissable. Then add name calling. Youre a fucking joke.

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Originally Posted by RandomGuy

:sleep

Whatever you say, Floride Boy.

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As if on cue. Your a fucking joke.

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Originally Posted by Parker2112

Your a fucking joke.

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The lady doth protest too much, methinks.

This will be my last post in this thread. It is obvious to everyone but you who the joke is.

Take your elementary tactics back to middle school, trick. Youve been swamped by your own fail.

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Originally Posted by RandomGuy

This will be my last post in this thread. It is obvious to everyone that I cant debate the issue, and I have confused name calling for valuable discourse. My vagina is showing.

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Very well then

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Official core inflation for the US is only 1.14%, but that excludes such crucial day-to-day goods such as food and energy. Real inflation certainly is higher, maybe much higher. John Williams of Shadow Government Statistics calculates true inflation at a whopping 8.48%! But manipulated inflation statistics give the government cover when they again deny seniors a cost of living increase in their social security checks.

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Originally Posted by Parker2112

Official core inflation for the US is only 1.14%, but that excludes such crucial day-to-day goods such as food and energy. Real inflation certainly is higher, maybe much higher. John Williams of Shadow Government Statistics calculates true inflation at a whopping 8.48%! But manipulated inflation statistics give the government cover when they again deny seniors a cost of living increase in their social security checks.

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I don't know who you swiped this from (yet,) but actually this is the strongest point you've made in favor of the banner equation. The slicing and dicing of inflation statistics is undeniably more geared to propaganda than understanding.

Same goes for unemployment.

@Parker:

Did you read the Irving Fisher essay yet? It's not that long.

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Originally Posted by Parker2112

And neither of you have touched North Dakota's state currency which operates based on FFC of the state. .

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Are they still using the US Dollar in North Dakota?



(Yes or no, please.)

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Originally Posted by Winehole23

I don't know who you swiped this from (yet,) but actually this is the strongest point you've made in favor of the banner equation. The slicing and dicing of inflation statistics is undeniably more geared to propaganda than understanding.

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That was a given, simply never stated, because we had other issues on the plate. I couldnt get that out till the anti-conspiracy clamour died down

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Originally Posted by Winehole23

Are they still using the US Dollar in North Dakota?



(Yes or no, please.)

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yes.

But the state dollars, from what I understand, step in and fund state projects to put people to work. If nothing else this show that FF&C is enough to pay creditors. Hell every state in the country issues bonds, and those are backed only by FF&C.

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Originally Posted by Parker2112

That was a given, simply never stated, because we had other issues on the plate. I couldnt get that out till the anti-conspiracy clamour died down

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Bullshit. You recycled it from the other thread you posted. You're a crummy liar.