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  1. #51
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    Click here to enlarge Originally Posted by shahsk Click here to enlarge
    No country uses the gold standard anymore. There isn't enough precious commodity to back a large growing economy like ours. Lowering of purchasing power is due to the fed keeping intrest rates low which increases demand and spending like i said before. This makes our economy grow. The purchasing power won't have an effect if your income/wages increases more than the inflation rate.

    If your income/wages doesn't increase with the inflation rate, then your standard of living increases. this is what happened the decade before the recession.
    I don't know if nobody uses gold anymore but maybe, I don't know, I'm not an economist. Regardless, the idea is to use a precious commodity, whatever it may be, to stabilize the value of currency so it doesn't undergo huge swings. The Euro is bouncing all around for example.

    So we have established there is an inflation rate, great.
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  2. #52
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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    I don't know if nobody uses gold anymore but maybe, I don't know, I'm not an economist. Regardless, the idea is to use a precious commodity, whatever it may be, to stabilize the value of currency so it doesn't undergo huge swings. The Euro is bouncing all around for example.

    So we have established there is an inflation rate, great.
    Obviously, there an inflation rate exists which can be positive or negative. A negative inflation is deflation.

    The fed's target inflation is 2%. There is a risk for deflation because if the fed keeps intrest rates too low for a long then the inflation rate will decrease and eventually become negative. This is why i said there is more of chance for deflation in a growing economy than high inflation.


    The euro was a crappy system from the start. European countries are at risk at being bankrupt because countries can't print their own currency. look at greece.

  3. #53
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    see im not trolling you for once haha

  4. #54
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    Click here to enlarge Originally Posted by shahsk Click here to enlarge
    Obviously, there an inflation rate exists which can be positive or negative. A negative inflation is deflation.
    Bud, it's all inflation we are experiencing and even 90's dollars look good right now.
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  5. #55
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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    Bud, it's all inflation we are experiencing and even 90's dollars look good right now.
    Did you even read anything i have said or posted at all?


    Are you denying deflation exists?

  6. #56
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    Click here to enlarge Originally Posted by shahsk Click here to enlarge
    Did you even read anything i have said or posted at all?

    Are you denying deflation exists?
    I don't read your posts.
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  7. #57
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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    I don't read your posts.
    ok jason

  8. #58
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    Click here to enlarge Originally Posted by shahsk Click here to enlarge
    ok jason
    Good one dude!
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  9. #59
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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    Good one dude!
    i know it took me so long to come up with that one...lol i send you a pink drone too

  10. #60
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    Click here to enlarge Originally Posted by shahsk Click here to enlarge
    i know it took me so long to come up with that one...lol i send you a pink drone too
    Take some time so you might actually make a post worth my bandwidth.
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  11. #61
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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    Take some time so you might actually make a post worth my bandwidth.
    since you are mad...
    Click here to enlarge

  12. #62
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    we need bill back...he was a boss

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    Glad to see the Ron supporters. Who the $#@! seriously buys into this romney santorum $#@!, no offense on a personal level.

    Just look at these guys faces. They look like douchebags. Imagine meeting them in person and they looked at you that way when they talked... WTF.
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