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Profile and commentaries of pat.fields.16
pat.fields.16
Member since February 2013
Followed by 0 memberFollows 0 member
8 commentaries, with 1 Reply
0 reply to his comments (0%)
Average Note : 64 / 100 for 2 rated commentaries  7  4 
Last commentary posted on Sunday, February 15, 2015
 
 Profile Commentaries Followed By Following 
 Alasdair Macleod - Finance and Eco.
Unemployment and groupthink  (6)
It would be a 'perfect world' if both 'un-employed' and 'employed' were ... zero. The meaning of such data would be that all Americans were freely existing outside government's Plantation. Oh joy, oh joy.
2/15/2015 at 11:31 AMPermalink
 Alasdair Macleod - Finance and Eco.
Unemployment and groupthink  (6)
It would be a 'perfect world' if both 'un-employed' and 'employed' were both ... zero. The meaning of such data would be that all Americans were freely existing outside government's Plantation. Oh joy, oh joy.
2/15/2015 at 11:29 AMPermalink
 Hugo Salinas Price - Plata.com
We Cannot Get Away from Gold or Silver  (15)
Excerpt: "Only when the number of units becomes totally unwieldy is the inflating fiat currency finally rejected, in favor of some alternative fiat currency (no recourse to gold or silver being possible at present.)"

Neither statement above is true. Resolution of (inevitable) banknote failures hasn't always been to replacement banknotes. Also, gold and silver can very well be re-introduced rather quickl...
3/14/2014 at 12:42 PMPermalink
 Hugo Salinas Price - Plata.com
We Cannot Get Away from Gold or Silver  (15)
Excerpt: "Only when the number of units becomes totally unwieldy is the inflating fiat currency finally rejected, in favor of some alternative fiat currency (no recourse to gold or silver being possible at present.)"

Neither statement above is true. Resolution of (inevitable) banknote failures hasn't always been to replacement banknotes. Also, gold and silver can very well be re-introduced rather quickl...
3/14/2014 at 12:37 PMPermalink
 Alasdair Macleod - Finance and Eco.
Time-preference and gold  (5)
In my own estimation, the paramount difference between banknotes (so-called 'currency') and money (copper, silver and gold) is that banknotes, owing to the fact that they are borrowed intellectual Property of an issuing bank, can only Lawfully secure an item's conditional right of possession for an indeterminate period of time. On the other hand, money, as it embodies an objectively derived worth, through sheer ...
1/8/2014 at 9:14 AMPermalink
 Hugo Salinas Price - Plata.com
The coming new barbarism  (23)
Numbers are deceptive sometimes ... as is so in this case. We speek of trillions in a vacuum and let the sheer quantity daunt us. Trillions of WHAT?

When we realize that banknote currencies have generally depreciated in purchase power by 98% over this past century, ignoring that fact and conceiving debt in terms of a hundred years ago (or even twenty-five) makes the debt seem 'unpayable'. BUT, given th...
10/2/2013 at 11:12 PM  6  3  Rating :  3 1 AnswerPermalink
 Alasdair Macleod - Finance and Eco.
The impossibility of economic calculation in a fiat world  (8)
Excerpt ... "It goes without saying that the measure used, money, should be constant if comparisons over time are to mean anything."

Paradoxically, becaise the notion isn't instinctive, this constancy doesn't result from stamping unit values on money, such as '1 dollar', 'ten yuan' and so on. It derives from weight and fineness of the meda in concert with its current supply-demand circumstances when ten...
2/12/2013 at 2:35 PM  1  1  Rating :  0 Permalink

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