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Would you? A theoretical question.
#31
RE: Would you? A theoretical question.
(January 5, 2019 at 4:29 am)Dmitry1983 Wrote: With gold standard 90% of ameicans would be unemployed.

Your arse must be extraordinarily roomy, given what you keep pulling out of it.

Boru
‘But it does me no injury for my neighbour to say there are twenty gods or no gods. It neither picks my pocket nor breaks my leg.’ - Thomas Jefferson
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#32
RE: Would you? A theoretical question.
(January 5, 2019 at 6:12 am)BrianSoddingBoru4 Wrote:
(January 5, 2019 at 4:29 am)Dmitry1983 Wrote: With gold standard 90% of ameicans would be unemployed.

Your arse must be extraordinarily roomy, given what you keep pulling out of it.

Boru

Try keeping interest rates low with fixed money supply.
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#33
RE: Would you? A theoretical question.
Well, that's a different issue, innit?  I was just wondering where you got a 90% unemployment rate.

Boru
‘But it does me no injury for my neighbour to say there are twenty gods or no gods. It neither picks my pocket nor breaks my leg.’ - Thomas Jefferson
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#34
RE: Would you? A theoretical question.
Debt creates jobs. On gold statndard there is not enough debt to create jobs for everyone.
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#35
RE: Would you? A theoretical question.
(January 4, 2019 at 10:20 pm)ignoramus Wrote: Tell me how good debt is later this year.
There will be blood on the streets.

Nixon took us off the gold standard in 71... the best thing he ever did for banks with our worthless bullshit fiat money.

We'll be back on it before the end of the next decade. It worked very well for 5,000 years...

You were wiser when you selected “ignoramus” as your name.
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#36
RE: Would you? A theoretical question.
You really really don't believe we'll have a crash this year?
Don't know about you guys but the Au and NZ debt bubble is monstrous.
(The biggest per capita in recorded history)
No God, No fear.
Know God, Know fear.
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#37
RE: Would you? A theoretical question.
(January 6, 2019 at 5:58 am)ignoramus Wrote: You really really don't believe we'll have a crash this year?
Report your findings to regulators. It's their job to prevent crashes.
Quote:Don't know about you guys but the Au and NZ debt bubble is monstrous.
(The biggest per capita in recorded history)
You should compare tax revenue vs debt payments when talking about government debt. Debt vs GDP or debt per capita is irrelevant. Also countries like US can't default on their government debt since debt is denominated in their own currency.
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