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- @tevenski Yes, and you had just as much fun hitting a ball of light back and forth. At the time we all thought that was incredible. Just like kids use to have lots of fun staring at a radio listening to the Lone Ranger or Howdy Doody. It's just a function of what you know.
- Collapse of the dollar on May 28, 2016?
- Epistemological foundation for AE
- @KennedyFinance Just checked. Your account is up 40% since Jan. of 2016, but still down 2% since you opened it. You stated just before a big rise in the dollar, so your account initially fell by 30%. The dollar has surrendered those gains, and if I'm right its about to get killed.
- China Calls for New Global Reserve Currency to Replace Dollar @SchiffGold https://t.co/PmZH6Zr8SV
- Gold is Doomed
- July Consumer Confidence unexpectedly plunged to 90.9 from 99.8 in June, hitting its lowest level since Sept. 2014. Forecast was for 99.6.
- "Good News" in Housing Starts Has a Dark Side @SchiffGold https://t.co/uFH8BTw2mx
- Hey guys, let's build some pyramids!
- Inflation: A Semantic Change Worth Noting https://t.co/2TlFI45lPM @SchiffGold
Thursday, December 17, 2015
Should the Austrians appropriate the term "trickle-down"?
Central banks that inflate redistribute wealth in society, steal the purchasing power from those holding the money, the central bank gains the purchasing power and then it trickles down to the government, commercial banks and big corporations.