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  1. #2261
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    Quote Originally Posted by Gordon B. Clarke View Post
    And your "rightest" understanding is?

    Think back to what the USA was like back then.

    History of the United States Constitution - Wikipedia

    You have a point Gordy? Make it. I don't follow leftists links any more...they're circular. You guys are in an echo chamber, determined to shout out the truth.

  2. #2262
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    Quote Originally Posted by michiganbuck View Post
    Not surprising, With the CAD now at .80 to the USA dollar.
    • USA gold reserves by country 217 | Statista
    Gold reserve should consider national debt… Gold reserve about 180 billion. Debt about 19 trillion looks like we are broke.
    Is the Canadian Dollar Backed by Gold?
    For many years the USA took our tax dollars to buy gold…Now with the federal reserve who knows who owns that gold or where it may be.
    Many dollars around the world are base on hopes and promises of politicians and con men till the sht hits the fan….
    what did happen to tall the all the gold? Both our twit leaders think they shit it, but that can't account for all of it.

    kidding aside, that last thing you want is talk of a gold standard. Proof positive that bad economic ideas are equally distributed across party lines. As Chicago professor Anil Kashyap said "Love of the (gold standard) implies macroeconomic illiteracy"

  3. #2263
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    Quote Originally Posted by PeteM View Post
    I look at my country a bit like a marvelous old house, in need of repairs, but with solid "bones" and largely terrific people within it. My intention is that we keep fixing it up. Having left, you seem bent on tearing it down.
    Outstanding, Pete!

    I think a lot of us feel that way, regardless of differences of opinion. We may disagree on repairs needed, priorities and methods of repair but it's our house and we wouldn't trade it for another.

  4. #2264
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    The only thing that is worse than inflation is deflation

    gold or bologna sandwich standards eventually cause deflation, whether by intent, collusion, speculation or stupidity

  5. #2265
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    Quote Originally Posted by gustafson View Post
    The only thing that is worse than inflation is deflation

    gold or bologna sandwich standards eventually cause deflation, whether by intent, collusion, speculation or stupidity
    agreed. what you want is steady state, low single digit inflation. Anything else is bad.....I know you get it, all a pegged currency does is hobble monetary policy toward achieving that goal.

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  7. #2266
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    Quote Originally Posted by Scottl View Post
    Outstanding, Pete!

    I think a lot of us feel that way, regardless of differences of opinion. We may disagree on repairs needed, priorities and methods of repair but it's our house and we wouldn't trade it for another.
    Sadly, conservatives seem intent on tearing out the plumbing, throwing away the smoke detectors and burning coal on the floor to cook.
    Not sure how that qualifies as 'repairs'...but at least we can use lead paint to cover the patches over the bullet holes.

  8. #2267
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    Quote Originally Posted by Miguels244 View Post
    Sadly, conservatives seem intent on tearing out the plumbing, throwing away the smoke detectors and burning coal on the floor to cook.
    Not sure how that qualifies as 'repairs'...but at least we can use lead paint to cover the patches over the bullet holes.

    Funny, those on the other side think the same thing about progressives.

  9. #2268
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    Quote Originally Posted by Scottl View Post
    Funny, those on the other side think the same thing about progressives.
    Who wants to roll back a few centuries instead of moving forward?
    You can accuse progressives of being early adopters...but not of wanting to roll back to, clearly flawed, ideas.

    FYI, all of those practices I mentioned were opposed by conservative policy makers.
    From lead paint to coal burning to gun laws...
    Mandatory smoke d tractors in rentals and public spaces...
    Water pollution is a right don't you know!

  10. #2269
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    Quote Originally Posted by gustafson View Post
    The only thing that is worse than inflation is deflation

    gold or bologna sandwich standards eventually cause deflation, whether by intent, collusion, speculation or stupidity
    Why? Because you say so? When does owning something that increases in value become a liability?

  11. #2270
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    Quote Originally Posted by morganfield52 View Post
    Why? Because you say so? When does owning something that increases in value become a liability?
    Well...those paid to make money understanding economy say the same thing.
    But...they care about more than you and your three Krugerands.

  12. #2271
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    Quote Originally Posted by morganfield52 View Post
    Why? Because you say so? When does owning something that increases in value become a liability?
    So when you buy your house and it deflates, then you cannot sell it for what you bought it for

    and your mortgage does not decrease

    and you are bankrupt
    [and no one can get mortgages for houses, because they decrease in value, so the bank has no worthwhile collateral]

    think about the 2008 crisis, it is all about deflation of values[this would be the norm in deflationary economies]

    so, basically not because I say so, but because everybody says so, or at least all of the people who are not trying to sell you gold are...........

  13. #2272
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    Quote Originally Posted by Scottl View Post
    . . . I think a lot of us feel that way, regardless of differences of opinion. We may disagree on repairs needed, priorities and methods of repair but it's our house and we wouldn't trade it for another.
    Chances are we'd find a lot more common ground just treating our nation that way.

    Make up a big list of proposed "repairs" and updates. Vote on priorities. Put our best minds to cost-effective fixes. Fix what we can, within our ability to pay.

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    And still the trumpistas have yet to answer what trumpski has don to MAGA


    cause they caint

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    Quote Originally Posted by gustafson View Post
    And still the trumpistas have yet to answer what trumpski has don to MAGA

    cause they caint
    To give the man credit, he axed the Paris Accords pretense and nixed the TPP. Not by himself but still, two advances for humanity.

    AND I don't have to see that evil witch on television anymore, which is a giant step forward. Although the orange hair is at least a half-step back

    He also demonstrated that the Democratic Party had sold its soul to the Devil, which we knew before but he made it impossible to deny.

    Plus, he is making it obvious that Congress'es shift-responsibility game where they let the president make all decisions so that they won't have to justify their actions to voters, was in fact stupid all along.

    All in all, he's been better than Obummer and Bush so far. Faint praise, I know, but still ...


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