tag:blogger.com,1999:blog-33825131217256115.post8972718865170773824..comments2023-07-19T09:18:00.774+01:00Comments on Ye Olde Blogge: Chickens? Eggs? Omelettes.DPhttp://www.blogger.com/profile/01965423353442076871noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-33825131217256115.post-76975239079180600582012-12-11T09:56:31.083+00:002012-12-11T09:56:31.083+00:00Here's lookin at you, kid ;-) http://fofoa.blo...Here's lookin at you, kid ;-) http://fofoa.blogspot.com/2012/12/arguments-against-freegold.htmlDPhttp://barondayne.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-33825131217256115.post-40678793486721790492012-10-29T13:54:26.768+00:002012-10-29T13:54:26.768+00:00Come to our shop, we sell you our latest LCD-TV an...<i>Come to our shop, we sell you our latest LCD-TV and we give you (</i>the bank's<i> not existing) money to pay us at the same time...</i><br /><br />FYP?<br /><br />The shop get the bank's money. The bank gets a packageable loan to punt on to the savers and skim off a little origination fee. Everyone's happy!<br /><br />Savers are pretty slow.DPhttp://barondayne.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-33825131217256115.post-78039414254827109202012-10-29T13:50:26.134+00:002012-10-29T13:50:26.134+00:00Without any own capital, purely financed by bonds ...<i>Without any own capital, purely financed by bonds and rolling those over year after year, nobody cares nobody questions. Crazy, but it seems that's just the way it is today.</i><br /><br />Yes. Savers are pretty slow.DPhttp://barondayne.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-33825131217256115.post-42537049912579978882012-10-28T15:34:19.454+00:002012-10-28T15:34:19.454+00:00Hi,
Let's just for a moment forget our austria...Hi,<br />Let's just for a moment forget our austrian perspective bias of who is a "producer" and who is a "consumer". Let me give you my monetary definition:<br />When taking just a snap shot in time, an entity that has an outflow of currency and inflow of real stuff (ownership titles as well) is a consumer, regardless what he does with that stuff physically. Yes?<br />Now the exciting part is, where does/did he get the currency from for the outflow? And my perspective is: From somebody's balance sheet, how the "debt" is "packaged" from there, does not really matter, because it is never intended to be paid back anyway, therefore I find it appropriate call such consumer a bad bank.<br />Two examples: 1.) "Come to our shop, we sell you our latest LCD-TV and we give you (our not existing) money to pay us at the same time..."<br />2.) I personally know an entity that is buying up in my manufacturing industry for >>4billion€ a complete branch of the industry. Without any own capital, purely financed by bonds and rolling those over year after year, nobody cares nobody questions. Crazy, but it seems that's just the way it is today.<br />Grüße, ADEin Gastnoreply@blogger.comtag:blogger.com,1999:blog-33825131217256115.post-75162548295933699552012-10-26T11:14:09.593+01:002012-10-26T11:14:09.593+01:00Guten morgen.
Yes, while producers choose to save...Guten morgen.<br /><br />Yes, while producers choose to save their "lines in the sand" rather than cashing them in at the market for something else instead, then there is a one-way pipeline of cash that runs to the producers' side of the beach and they relentlessly pile up there. The CB then need to pump in more cash at the other end of the sausage factory, to prevent a shortage of money developing along the production line. But I already know you appreciate what I think the producers should do to end that and get the money circulating back into the system… so I can't help feeling like you mean something more, which I am not understanding clearly from your comment?<br /><br />I'm interested by your depiction of consumers as <i>a bad bank</i>. Perhaps you can expand upon what you mean by that? It may even be key to my understanding what your real point is? If you had said the consumers were turning the CB into a bad bank, I would feel like I understood already, but the consumers themselves being the bad bank I am having more difficulty getting my hands around.<br /><br />Vielen dank.DPhttp://barondayne.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-33825131217256115.post-34402820725376996112012-10-25T19:18:04.025+01:002012-10-25T19:18:04.025+01:00 no no, that's not my point. These days are re... no no, that's not my point. These days are really really strange, nothing fits at all...<br />Thinking about your comment regarding aspects of inflation, how about that one: The consumers have become a bad bank for the money flow from the CB to the "producers"?<br />Meaning that there is no real money circle any more at all, just a steady static outflow from the credit creation to the liquidity hoarders?Ein Gastnoreply@blogger.comtag:blogger.com,1999:blog-33825131217256115.post-8180805180995942692012-10-25T19:10:53.858+01:002012-10-25T19:10:53.858+01:00Hi EG :-)
HI I dont see in the cards at all, due ...Hi EG :-)<br /><br /><i>HI I dont see in the cards at all, due to 3</i><br /><br />This appears to imply HI = consumers drive prices up, like <i>inflation-on-steroids</i>? Which surprises me somewhat, coming from you.DPhttp://barondayne.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-33825131217256115.post-26509317086941232972012-10-25T19:07:24.013+01:002012-10-25T19:07:24.013+01:00"So why would these savers continue to hoard ...<i>"So why would these savers continue to hoard against the false expectation of lower prices later?"</i><br />1.) Because there is nothing to spend on? On what $ products? Or on what €-PIIGS products?<br />2.) Uncertainty of the people? Better have it in the checking account? Why "invest" in bond-like stuff if interest rates are zero or equal to checking accounts?<br />3.) The Have-Not are already damm broke and the Have-All are getting fatter...due to that, I also have some doubts about the stock&commodity market.<br />4.) Therefore hmmmm, I really wonder to which direction this bubble should/will blow up, but HI I dont see in the cards at all, due to 3.) with austerity increasing.<br />just my2cents from a german perspective.<br />Greets, ADEin Gastnoreply@blogger.comtag:blogger.com,1999:blog-33825131217256115.post-48529321092052844182012-10-12T14:16:58.233+01:002012-10-12T14:16:58.233+01:00Ah-ha! Johnie Foreigner finally showed up to save ...Ah-ha! Johnie Foreigner finally showed up to save the day again.<br /><br />PHEW! :-)DPhttp://barondayne.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-33825131217256115.post-88869776756594626162012-10-11T21:28:38.694+01:002012-10-11T21:28:38.694+01:00Yep. Not buying it either.
Nice thoughts. Yep. Not buying it either.<br /><br />Nice thoughts. Jonathan Joneshttp://www.facebook.com/profile.php?id=586057462noreply@blogger.comtag:blogger.com,1999:blog-33825131217256115.post-36405286601799861802012-10-11T02:47:01.713+01:002012-10-11T02:47:01.713+01:00(From above)
Traditionally, that is to say for th...(From above)<br /><br /><i>Traditionally, that is to say for the last few decades, the Central Banks of surplus-producing nations have chosen to send their surplus incoming currency back where it came from, in return for a Treasury bond that will see them receive their promised currency later, with a few friends tacked on for their patience in waiting.</i><br /><br />People talk about holders of Treasury bonds as though they possess this "money". But they don't - they possess today a promise to deliver currency at some date in the future.<br /><br />This is one part of the reason Freegolders say the hyperinflation of the dollar has already happened, but is yet to be recognised. All the world has to do in order to release the genie, is to stop rolling over old Treasury bonds into more Treasury bonds as they mature. The promised dollars will then finally be theirs to keep and spend at a time of their choosing. But where will they come from? <a href="http://www.youtube.com/watch?v=XTFTWH5QLw4" rel="nofollow">Will that giant sucking sound dry up liquidity at home?</a> Will the Central Bank sit idly by?DPhttp://barondayne.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-33825131217256115.post-75540238638324871882012-10-11T02:46:38.538+01:002012-10-11T02:46:38.538+01:00Germane article from Casey Rearch, at Financial Se...<a href="http://www.financialsense.com/node/9443" rel="nofollow">Germane article from Casey Rearch, at Financial Sense.</a>DPhttp://barondayne.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-33825131217256115.post-34900115182373703852012-10-10T17:03:11.432+01:002012-10-10T17:03:11.432+01:00Wassat? Some of you are thinking "they'll...Wassat? Some of you are thinking "they'll just sell some more bonds to Johnie Foreigner again, like always".<br /><br />I refer you once more to the small matter of QE evidencing there is now a problem with that 'structural support' arrangement.The indications are, support is being withdrawn.DPhttp://barondayne.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-33825131217256115.post-71649920814989982922012-10-10T16:40:58.178+01:002012-10-10T16:40:58.178+01:00Even if they did manage to pull it off, where woul...Even if they did manage to pull it off, where would the government find all the cash it needs to pay the bills … if more of the circulating currency is in the hands of private actors, as yet untaxed and therefore unavailable to the Treasury for spending?<br /><br />Will the Fed sacrifice government spending for the sake of the dollar's value?<br /><br />Will the government allow them to?DPhttp://barondayne.blogspot.comnoreply@blogger.com