Oldtent Archives 2007 - 2008

…I was just thinking in 2000 one could trade an ounce of gold for an ounce of pot 1 to 1

..and now its 4 ounces of pot for 1 ounce of gold…

…so if you are a Drug Dealing Gold Bug….you can now receive less gold for your product by a factor of 400%….ie..you can sell 1 ounce of ganga for ony a quarter ounce of real money

..so Pot is Deflating against Gold…..so I guess You Guys are right we have Deflation of goods against Real money…

….sheesh hoisted on me own petards

……does this qualify me to become an honerary member of the Aussie School of Deflationomics.?

I would imagine that records of that timeframe would be almost impossible to get. Hand written, and what records that were kept were probably often lost or destroyed, either by design or accident.

That scenario is my idea of heaven..All local, fresh and brimming with flavor and nutritional value..The stuff that gets trucked or shipped in to the big grocery chains is dead and tasteless (everything) IMO..I have to be really desparate or pinched for time to go there..There is one particular little hole in the wall produce store that I go to and only the locals would ever know about it..Anyways , its tiny, the aisles are only wide enuf for one person so you’re always bumping into someone and the owner always has on very lively and loud foreign music videos which she dances and sings to and gets everyone in the store to laugh..The one and only cash register is always 15 people deep (no matter what time of the day) and its a 30 minute (at best) excursion there but most people in the lineup are laughing, talking or swaying to the music …The draw is the excellent quality of mostly local produce and the madcap european owner.. I go out of my way to try and get fresh and local stuff even though it can be time consuming and difficult to find..So I liked your story .Cheers

“the question we need answered is Are Prices Increasing or Decreasing wrt REAL Money !!”   

Solid GOLD for Kerri and her team.

youtube.com/watch?v=KsQcwHc1Jfw&feature=related

Goodnight, everyone.

JBI

And what happened was that there was huge inflation in property prices.  People would pay 20 or 30 times the asking price to buy from another player the property needed to complete a set.  And nobody borrowed any money.  As you say, the game went on for an even longer eternity than usual.  Which is why we banned that version!

stockcharts.com/charts/performance/perf.html?,,,,
Rememer to drag the left side of the “200 Day” Box alll the way to the begining of the Centurary

Notice the Dow is FLAT this Century…..so where’s the deflation ?
Its Chart is pure FLATulation in this time frame
It costs the same to buy the dow today as at the turn of the century
So Has there really been Asset Destruction in the Dow ..?

Look at the Small Caps (Russel 2000)…up 50%….in almost 8 years…not great but not asset Deflation either…

Of Course Gold HUI and CDNX even…are all up very respectfully in the same period…

…..Is Real estate really in an asset Deflation..or are the excesses of this market just being purged…(corrected)…after a blow off top ?….

….My point is Asset Deflation and Asset Inflation are just the ebb and flow of these assets in Fiat terms..

…..Forget Fiat ….the question we need answered is Are Prices Increasing or Decreasing wrt REAL Money !!

….we could start a movement away from FIAT based charts…onlly consider Ratio Charts …like Gold vs Dow…..or Gold vs Real Estate

….I find it astounding to see on the Perf Chart Just Posted the The Real Estate Index (REIT) has had the same performance as has Gold since the turn of the centaury…..Look at this chart it is fascinating !

….Bring the chart back a little to the right now till it shows 1230 days..this corresponds to almost exactly 5 years……It is astounding but true that in this Time Frame…..Gold and HUI are up THE SAME %
…are you kidding ME?……thats 5 years of NO Leverage in the ighest Quality Unhedged Gold Majors vis a vis gold….sheesh?
…and look at poor old CDNX up only about 97%….Pretty much the same as the Real Estate Index (Ugh)
….talk about tricky markets ….

….even the DOW is up 25% in the last 5 years.

…..Asset deflation…my ass(et)….

….Comments ?

I ask myself the same question!  But missed the smell of euchalypt, I guess.

Pity I missed the recent one but next time you SEQ bugs have a get-together I would like to come…keep me informed.

I love granite/sandstone rocks and cliffs(!!!) for my sculpting, so soon looking at land inland from coast NNSW (Glen Innes/Round Mountain) so will have leisurely drive up tand see some old friends in Sunshine Coast and so on.

cheers

Has anyone ever played monopoly wherein you put a lot of money on Free Parking (instead of it going into the bank)?

When the bank starts to inflate,  issuing more dollars than usual, everyone who lands on Free Parking becomes all the richer.  Games can go on and on and on, because players can pay all the fees of landing on properties.

Well, with fixed prices like that, everyone is rich.  And even landing on Boardwalk with a hotel isn’t that big a deal, if you’ve landed on Free Parking worth ten times that much.

Our government is inflating, and has been inflating.  Look at all the money it sells as Treasury Bills!  Look at all the Wall Street salaries, all the baseball players salaries, $30,000,000 a year to the Babe’s $100,000.  Come on!

The folks that think deflation is on the way talk about all the debt and debt instruments, mortgages and the like.

And imagine our Monopoly with a lot of fancy debt instruments that have been instituted by the Players.  Well, such instruments might drive property prices up, and those instruments might crash and drive property prices down.  But, if we have that Free Parking, then the WHOLE BOAT IS RISING.  So even if those fancy instruments drive prices down in our game, they still are growing higher OVER TIME because the bank keeps funding Free Parking.

Yes, in our Monopoly game, it may look like deflation, but it’s just the players folly.  The bank is pumping funds into the free parking.

And, so it is with the US.  And you can see it by the salaries paid.  You think deflation will make ballplayers earn $100,000 again?  So what if there’s a bit of deflation in ballplayers salaries, for example.  So, they are earning $20,000,000 a year instead of $30,000,000. I wouldn’t call that the beginning of a big deflation.

The great inflation tide is rising all boats, regardless of the folly that occurs on the boat.

Best,

Old Lurker

….Stretch this chart back to the begining of this Century…(just drag the left side of the box saying 200)….goes back 2117 Days

….Look how Gold HUI CDNX RUT (Russel 2000 small cap) and Dow have performed so far in this Milenium

…remember this Start point was a year before the Gold Bull began….

stockcharts.com/charts/performance/perf.html?,,,,,

The asian peoples  don’t need us as much as they used to.  Yes ,we are a major economic fixture but, no longer quite  as critical today, as yesterday.Economic power is shifting from West to East. All to be expected as all was writen.

I think its a great idea to post some thoughts and videos of great Olympic moments past and present as we share in the celebration of our athletes in coming weeks in Beijing.

Vancouver,  British Columbia is of course the host venue for the 2010 Winter Olympics and coin lovers can have a look at the premium gold and silver coin series, available from the Canadian Mint.   These coins are spectacular.

http://tinyurl.com/6a2zqc

Winedoc

But I can’t for the life of me work out WHY you came back!

Going back in time, it was the data for prior to 1911 that was difficult to obtain, I think it was the amount of paper $$ in circulation I couldn’t find.  Gold reserves were about 611 tons.

is the food situation.  The US still has the capability to produce more food than it consumes:  due to the land reforms Zim has lost that.  With Zim going from a major food exporter to running a food deficit, and not having the ability to pay for food imports, there is simply not enough food to feed everyone.  A great scenario for hyperinflation (it is estimated that 45% of the pop’n is now malnourished, in a country once regarded as the bread basket of Southern Africa).