After redeemable paper currencies emerged, silver slowly lost its role. The metal had facilitated smaller economic exchanges to lower cost than gold. With paper, gold could be exchanged in small values as well. Gold-silver ratio increased: 10 -> 100.
1AjUnN…Kqin
1AjUnNeTbLY5rkmyGXMjBhZwfjjp9jKqin
- 0 Following
- 0 Followers
- 402 Posts
Activity
Understanding Carl Menger would make anyone very hesitant to own silver over any extended period.
The road from 10:1 to 100:1 was in a sense predestined. Don't get tricked buying unless you know what you're doing!
Extremely impressive, what an inspiration for investors.
https://www.youtube.com/watch?v=GZTr1-Gp74U
”I don’t understand how anyone can be short GameStop at 4 dollars. That is really, really risky. Really risky.” -u/DeepFuckingValue, July 28th, 2020.
Thanks! I might have misunderstood @243, I don't know at this point. Still, this issue with $GME is infuriating and I did not quite expect being questioned on SEC-facts like a child when bringing up the subject.
No one has the super power to serve stirred martinis at some expensive bar, and simultaneously adjust greasy bolts on a new heavy duty dump truck.
The magical thinking of current monetary policy.
A good day to you too.
No, I am the one disappointed, because I have seen this attitude a thousand times in my life, and have to see it again on platform where libertarians hang out. The condescending "protection for others, but not for me" attitude.
Be careful about such rhetoric; "I am of course enlightened, but the plebs needs systemic protection..."
Look, you can't get massive bailouts, bribe govt officials, and then do a "it's a free market" shrug as Robinhood saves you by restricting markets.
I know a central planner when I see one. Be careful here on Twetch as well, it is probably not that regulated and therefor very scary!
Well yeah, it is for protection purposes. Do you want to be protected?
Probably to "protect" retail. Now look who needs protection.
I'm always for a free market, and for the abolishment of the SEC. Yet, we live in their world, and when they bribe those connected to the monopoly on violence to be allowed to ad-hoc change the rules of economic exchange, then I absolutely want pushback.
I have always scorned Bitcoin "HODL" virtue signaling. I fucking love the GME people doing it.
u/deepfuckingvalue has still not sold. You are either with him, the plebs and free markets, or with the cronies paying Yellen millions in speaking fees as hidden protection money.
I really, really want to see the hedgefunds blow up on Monday. The political connections are obvious; they are shielded by the State.
Only after years in a fiat university can you accumulate enough sophisticated econ knowledge to believe making unprofitability profitable, is a good idea.
With negative interest rates, it is profitable to lose money.
I talk economics, money failures, capital and Bitcoin. Give it a listen, and then tell me how I'm dead wrong.
Make sure your kids pass the Marshmallow Test. That is, throwing the marshmallows at the floor while loudly denouncing sugar, and The Science that deems it proper to put children in experiments.
"Have you heard what they are doing to the monies of the world?"
"What's money?"
Relevant reading, for anyone interested:
https://monetary-metals.com/is-capital-creation-beating-capital-consumption-report-3-mar/
Only just now took the time to read this. It's extremely good, and correct on the theory of savings, capital and civilization. If capital is net destroyed going forward (and other smart Austrians think it is), you are going to have a really bad time.
twetch#3375 5.8y
https://bitcoinfiles.org/t/491d95f3b74c53aeb54ef1a6bea0f0e838bb0d8171ee9d6fcfe17d17803ba50a "Savings and Civilization" my latest article.
"Have fun..."
No, but passing on an investment you consider undervalued carries a hidden opportunity cost. Others are mapping reality while you do cups, handles and whatnot. It is likely they push the price not in your favor.
TA is really stupid.
Understanding reality is better. Then you position yourself while your predicted future reality slowly becomes one with the current, real one.
If you're not good at predicting future reality, meaning you are stupid, then TA might be the option left for you.
(Trying to trigger and reap interaction $$$, hey I don't set the incentives here!)
"Never have there been so many good intentions so loudly proclaimed in the world. And look at it."
- Wynand's The Banner, in The Fountainhead
Better have no forks.
What scenario do you have in mind, money failures?
Money is almost always for short t's. You go to the grocery store every week.
"You look upon money as the savages did before you, and you wonder why the jungle is creeping back to the edge of your cities."
- Francisco d'Anconia