for the umpteenth time, WHERE? care to provide a quote / link thanku... as far as i can recall i just say it is on a par with a claim that, e.g., signs of an arcturian attack are on the horizon... do you believe an arcturian attack is IMPOSSIBLE??
its already well underway if you'd cared to check the path of international reserves globally... but there are a few problems, notably as hinted at here: http://www.elitetrader.com/vb/showthread.php?s=&postid=1121807#post1121807 go to last para... as you will note i did refer to a panic landing type view if only for the sake of argument
I will here expand on a previous answer I gave to an issue which has been raised over and over again in this forum. I will first repeat my previous answer, and then I will add additional items. My previous answer: I will now give some additional hard facts. Sixth, the price of gold has tripled in recent years. This is a hard fact. If future hyperinflation occurs, the gold price rise will be seen, in retrospect, as part of the beginnings of the hyperinflation. Seventh, we have, in recent years, seen a massive and unprecedented inflation of real estate prices. If hyperinflation does occur, then this real estate inflation may, in retrospect, be seen as the beginnings of the hyperinflation. The massive increase in real estate prices is a hard fact. Eighth, if hyperinflation does occur, then recent price action of oil may, in retrospect, be seen as the beginnings of hyperinflation. The massive recent increase in oil prices is a hard fact.
[/QUOTE] -------------------------------------------------------------------------------- Quote from jimrockford: Are you familiar with the Latin term ad hominem? Do you know what that term means? Here is a link for you, which I hope might help improve the quality of your participation on ET: http://www.britannica.com/ebc/artic...d hominem&ct=. -------------------------------------------------------------------------------- formal and informal fallacy In philosophy, reasoning that fails to establish its conclusion because of deficiencies in form or wording. Formal fallacies are types of deductive argument that instantiate an invalid inference pattern (see deduction; validity); an example is âaffirming the consequent: If A then B; B; therefore, A.â Informal fallacies are types of inductive argument the premises of which fail to establish the conclusion because of their content. There are many kinds of informal fallacy; examples include argumentum ad hominem (âargument against the manâ), which consists of attacking the arguer instead of his argument; the fallacy of false cause, which consists of arguing from the premise that one event precedes another to the conclusion that the first event is the cause of the second; the fallacy of composition, which consists of arguing from the premise that a part of a thing has a certain property to the conclusion that the thing itself has that property; and the fallacy of equivocation, which consists of arguing from a premise in which a term is used in one sense to a conclusion in which the term is used in another sense. --------------------------------------------------------------------------------
Umpth: the Raeliens have multiplied by nth. This is a hard fact. IF the arcturians attack, that will be seen in retrospect as a sign that an arcturian attack was indeed on the horizon... you're not trying too hard by any chance, are you mate?
btw jimmy matey, be nice and do let us know when you are JUST ABOUT to change your view or even just perhaps 'reevaluate' your well-researched position(s?), you pick a term, and whatever it is your position is of course... just a vague opinion of mine at this stage, but that could turn out to be a reasonable 'last wave' $-bullish signal / predictor or a 'sign' even... never know, right, i mean nothing's impossible, right? tia. nite nite now ;-)
The links provided by 2cents do not say what he claims they say in the following. Anybody can read those links to verify that 2cents doesn't have the support he claims to possess for his argument, repeated throughout this thread, that there is no substantial danger of future dollar hyperinflation, and that those who express doubts are to be ridiculed and compared to people who expect an invasion by space aliens. Anyone can verify that the links offered by 2cents contain no discussion or opinion, whatsoever, about future inflation or hyperinflation risks for the dollar. It should also be remembered that the current level of public debt, or that current level of public debt compared to the gdp, are not the major issues regarding public debt. Major issues, rather, do include the rate of growth in public debt, compared to the rate of growth in gdp. One of the links offered by 2cents projects that if current U.S. policies remain unchanged, U.S. public debt will eventually reach 250% of its gdp. Alan Greenspan has already publicly testified, before Congress, that the U.S. will not have sufficient future productive capacity to pay for its existing financial commitments. I am not bearish on the dollar. My position is that I do not know what will happen, and neither does 2cents or anybody else who participated in this thread. Nobody who raises doubts about this question should have to tolerate this kind of childish insulting abuse, which discourages smart people from participating.
2cents often supports his arguments by calling me a "random poster", or by calling my posts "random". This is an ad hominem, nasty, and dismissive, but ultimately shallow and meaningless way, of supporting arguments that have no real support. My posts are not "random". I am not "random". My posts reflect carefully considered views based on a lifetime of learning. I do not purport to be an expert. My effort, in this thread, has been to demonstrate the weakness and lack of expertise underlying arguments presented in this thread. Those weak arguments assert that recognition of the dangers of possible future dollar hyperinflation, panic, or collapse, are just as ridiculous as expectations that Earth will be invaded by space aliens. I do not have a belief that a dollar crisis will occur. It is my belief, instead, that nobody can wisely ignore the danger.
nice... can i quote u on that mate? i actually AGREED with that way back in the thread, they ARE issues indeed, but not at all relevant with regard to "dangers of possible future hyperinflation"... is that what u saying? links & relevant extracts plse careful lifetime learner