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Todd Simpson
post Dec 18 2019, 12:11 AM
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Short of an oncoming collapse of our entire economic system, e.g. the end of the world that many conspiracy theorists have been predicting for decades now as a way to sell bunker goods and taint wipes. smile.gif Short of that, I think we will be ok. Just avoid listening to Alex Jones and info wars and life starts looking a lot better smile.gif

Inflation is set to bite and bite fairly soon. We are at full employment. That is one of the historical drivers of inflation. Once we hit full employment getting new labor gets harder. Prices for labor increase. Inputs for everything else go up as well and Gold goes NUTS, I"d say gold will be at 2k within a year or so. Time will tell smile.gif
Todd
QUOTE (Arpeggio @ Dec 17 2019, 05:59 PM) *
Yes, in a Mad Max 2 scenario only things like food, water, defense and petrol would have value. You'd only need fiat money for toilet paper. Never mind a Banana taped to the wall.
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klasaine
post Dec 18 2019, 02:28 AM
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In the 'end times' scenario, if that banana is still ripe and paper money is worthless - maybe it will go for a few million.
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jstcrsn
post Dec 18 2019, 08:51 PM
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QUOTE (Arpeggio @ Dec 17 2019, 10:59 PM) *
Yes, in a Mad Max 2 scenario only things like food, water, defense and petrol would have value. You'd only need fiat money for toilet paper. Never mind a Banana taped to the wall.

I don't really believe in that kind off scenario .
How long could you survive , if there was a disruption in your food source right now . Most have maybe a week. This is more what i think will happen , a temporary malfunction of things we take for granted causing us a momentary lapse in our life style and when it does, Gold will be of no value .

that being said, no I don't like the way our government is spending and printing money , but that is a conversation for another Website
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AK Rich
post Dec 18 2019, 09:39 PM
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QUOTE (jstcrsn @ Dec 18 2019, 11:51 AM) *
a temporary malfunction of things we take for granted causing us a momentary lapse in our life style

A couple weeks ago I went to the local Ford dealership to pick up a part for my truck that I had ordered. They couldn't sell it to me because their internet was down and one of the guys at the parts dept said that they couldn't even clock in for work and joked that they were working for free. I was blown away that they couldn't do business simply because of a lack of an internet connection. I told them to call me when they could sell it to me. 2 days later they called. Unbelievable! And after blaming their service provider initially, it turns out that it wasn't even the service providers fault and it was a problem with the dealerships own network, probably something as simple as rebooting a modem or router I would wager.

This post has been edited by AK Rich: Dec 19 2019, 01:35 AM
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Todd Simpson
post Dec 19 2019, 05:27 AM
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It's a brave new world eh smile.gif Some places the register won't even open unless the unit has a wifi or ethernet connection. We are living in a connected world. When that connection has an interuption, things get wonky quick.

QUOTE (AK Rich @ Dec 18 2019, 04:39 PM) *
A couple weeks ago I went to the local Ford dealership to pick up a part for my truck that I had ordered. They couldn't sell it to me because their internet was down and one of the guys at the parts dept said that they couldn't even clock in for work and joked that they were working for free. I was blown away that they couldn't do business simply because of a lack of an internet connection. I told them to call me when they could sell it to me. 2 days later they called. Unbelievable! And after blaming their service provider initially, it turns out that it wasn't even the service providers fault and it was a problem with the dealerships own network, probably something as simple as rebooting a modem or router I would wager.
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Arpeggio
post Dec 19 2019, 12:38 PM
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QUOTE (Todd Simpson @ Dec 18 2019, 12:11 AM) *
Inflation is set to bite and bite fairly soon. We are at full employment. That is one of the historical drivers of inflation. Once we hit full employment getting new labor gets harder. Prices for labor increase. Inputs for everything else go up as well and Gold goes NUTS, I"d say gold will be at 2k within a year or so. Time will tell smile.gif
Todd


Yes, we might get start of a reflation cycle. In the UK inflation figures include the prices of computer games but not house prices or rents. The money system is rigged.

QUOTE (klasaine @ Dec 18 2019, 02:28 AM) *
In the 'end times' scenario, if that banana is still ripe and paper money is worthless - maybe it will go for a few million.


Yes, if you have some bundles left after using it for fire wood, or toilet paper. In Wiemar republic 1923 it took 1 Trillion paper marks to buy one gold mark.

QUOTE (jstcrsn @ Dec 18 2019, 08:51 PM) *
I don't really believe in that kind off scenario .
How long could you survive , if there was a disruption in your food source right now . Most have maybe a week. This is more what i think will happen , a temporary malfunction of things we take for granted causing us a momentary lapse in our life style and when it does, Gold will be of no value .


Me neither, it was your beef and grain scenario if those were the only kind of things with any value. It's fiat money that is the bankers trick, Gold is just a form of value that cannot be manipulated so easily by them.


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AK Rich
post Dec 19 2019, 08:28 PM
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QUOTE (Todd Simpson @ Dec 18 2019, 08:27 PM) *
It's a brave new world eh smile.gif Some places the register won't even open unless the unit has a wifi or ethernet connection. We are living in a connected world. When that connection has an interuption, things get wonky quick.

I can think of many words to describe the "New World" in this case but "Brave" isn't one of them.
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Todd Simpson
post Dec 19 2019, 11:37 PM
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QUOTE (AK Rich @ Dec 19 2019, 03:28 PM) *
I can think of many words to describe the "New World" in this case but "Brave" isn't one of them.
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AK Rich
post Dec 20 2019, 12:03 AM
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QUOTE (Todd Simpson @ Dec 19 2019, 02:37 PM) *
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I understood the reference. Thanks. What I am getting at is, being so dependent on any one thing in order to function is not only foolish, it's dangerous and not in any way brave.

Ps: I don't believe that there are any critical services that are so reliant on an internet connection that they cease to function without it in the way the parts dept at the Ford dealership I visited does, at least I hope not. Still, the experience was a bit disturbing to me.

This post has been edited by AK Rich: Dec 20 2019, 03:08 AM
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Anese
post Dec 21 2019, 01:17 AM
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Ok, i wanted to post this in the forum since this Bana art work was all over the news but i just didn't find the time.
so, here we are...
without exposing your thoughts about whether you think this Banan art thing is ridiculous or it's a fine piece of Art,
i want each of you to put a musical work which it can be a genre of music, a song, a band or an entire album..etc that reflects your thoughts/ideas about this Banana-duct tape art work.. al you have to do is reply with musical work without any comment .. and the reader will try to figure out the rest.

This post has been edited by Anese: Dec 21 2019, 01:19 AM
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Todd Simpson
post Dec 21 2019, 08:06 PM
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I agree smile.gif That's why I used the Huxley quote. Same page for once! smile.gif
Todd
QUOTE (AK Rich @ Dec 19 2019, 07:03 PM) *
I understood the reference. Thanks. What I am getting at is, being so dependent on any one thing in order to function is not only foolish, it's dangerous and not in any way brave.

Ps: I don't believe that there are any critical services that are so reliant on an internet connection that they cease to function without it in the way the parts dept at the Ford dealership I visited does, at least I hope not. Still, the experience was a bit disturbing to me.


And for video...



This post has been edited by Todd Simpson: Dec 22 2019, 12:21 AM
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AK Rich
post Dec 21 2019, 08:44 PM
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QUOTE (Anese @ Dec 20 2019, 04:17 PM) *
Ok, i wanted to post this in the forum since this Bana art work was all over the news but i just didn't find the time.
so, here we are...
without exposing your thoughts about whether you think this Banan art thing is ridiculous or it's a fine piece of Art,
i want each of you to put a musical work which it can be a genre of music, a song, a band or an entire album..etc that reflects your thoughts/ideas about this Banana-duct tape art work.. al you have to do is reply with musical work without any comment .. and the reader will try to figure out the rest.



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klasaine
post Dec 21 2019, 11:12 PM
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AK Rich
post Dec 21 2019, 11:51 PM
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QUOTE (klasaine @ Dec 21 2019, 02:12 PM) *

Coincidentally and off topic, today is Frank Zappa's birthday (Dec, 21st). So Happy Birthday to Frank and happy Winter Solstice!
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