Gold

Discussion in 'Stock Market' started by uscitizen, Jan 4, 2011.

  1. Angelo
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    Angelo Gold Member

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    It's always interesting looking back 10 years.....I think one of the contradictions of capitalism is the contradiction of capital itself. Using money to make more money can only ever steal its worth from the labor that went into it. Either what is currently happening where workers are not paid what they are worth or where workers are paid what their worth but a need for profit generates inflation through rising prices effectively still stealing value from the worker, merely doing it after the fact by devaluing the money through price increases. This contradiction can only lead to two outcomes -. a money funnel to the rich, or massive inflation where confidence is eventually lost in the currency itself. Huge boondoggles like healthcare and military/security spending are an x factor of course.

    Pushing $23 trillion
    https://www.usdebtclock.org/

    It can't make sense for such a small group of individuals
    to keep so much while leaving the rest of us by and large in debt.
    [​IMG]
     
    Last edited: Oct 9, 2019 at 10:10 AM
  2. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Using money to make more money can only ever steal its worth from the labor that went into it.

    Liar.
     
  3. KissMy
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    KissMy Free Breast Exam

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    Trump increased total US dollars by 20% during a "good economy"!!! That is a huge quantity.of M1 money supply! Prosperity from a printing press is theft from workers & savers.

    Clinton created a surplus, slashed total US dollars and quantity.of M1 money supply!
     
    Last edited: Oct 9, 2019 at 5:38 PM
  4. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    He increased total US dollars by 20% during a "good economy"!!!

    Who? When?

    Post your evidence.

    slashed total US dollars and quantity.of M1 money supply!

    upload_2019-10-9_17-43-16.png

    M1 Money Stock | FRED | St. Louis Fed


    $1.03 trillion to $1.096 trillion. That's not a decrease.
     
  5. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Prosperity from a printing press = unsustainable disaster.

    I agree, Obama was pretty awful.
     
    • Funny and Agree!! Funny and Agree!! x 1
  6. Picaro
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    Picaro Gold Member

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    We already have two great historical examples of what trading a producing economy for a rentier economy, the Dutch and the English, lead to. At least some of Trump's policies try to reverse that slide downward, but not all and not nearly enough.
     

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