"show me the 'gay' gene! where is it? which one is it?"

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40706889)

http://www.xoxohth.com/thread.php?thread_id=4597616&mc=4&forum_id=2

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40706827)

even ones who literally work in finance are like this. they dress it up in fancier terms about the "fiscal and monetary environment" or whatever

i think even ray dahlio is pushing standard-fare XO "money printing bad" shtick and he's a multi-billionaire hedge fund manager. he's literally peddling gold bars like a snakeoil salesman. it's strange.

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40706866)

but then he generously provides the full extent of his reasoning which led to him arriving at his conclusions, and then you realize "oh, this guy seems like a typical barely numerate boomer who got into recent new-age boomerisms about the cycle of empires and inevitable decline of the USD"

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40706881)

so please explain it to me like i'm retarded

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40706941)

i then posted a simple but slightly-above-100-IQ explanation what i think is going on, which several other posters supported, and you simply replied "interesting theory, but 'complex' finance is beyond my paygrade."

you then went back to running your yap about "hey are there any good investment opportunities?" and motor-mouthing about various other frauds and scams in the world that you *seem* to want to know the truth about, but really it's just you yapping to yourself like a chihuahua dog.

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40707056)

If your argument was crypto is fine and tether is NOT a fraud and crypto is going to moon and it’s going to permanently change the financial landscape of the world, I would delve into it more

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40707071)

Explain why history is wrong. Dalio gets into the history in his screeds, which you attempt to casually dismiss as “snake oil.”

History has shown that parabolic monetary printing will result in an eventual loss of faith in that particular currency. In fact, every fiat currency throughout history has eventually failed. Conversely, gold and silver have always been used as a store of value.

Given these facts, it seems pretty logical and not “stupid” to conclude that unlimited $$$ printing is a bad thing. You’ll need to present some form of case or reasoning apart from aggressive contrarianism

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40706940)

if you want a high-level reason why, it's because not all money printing is the same. money printing of the past was never conducted under the direction of sophisticated central banks staffed with modern economists coordinating across multiple countries with the deep structural benefits afforded by Global Capitalism.

any attempt to characterize the sophisticated operations of the present day with those in the past is being gravely ignorant of all developments in economics/finance of recent times. it's like saying "well this [abstract policy direction] didn't work with the state of knowledge and technology we had in the 1700s, so of course it's not going to work now."

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40706991)

Seems to boil down to: “You’re dumb, trust the smart central bankers!”

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40707017)

on the other hand, i do not think it's worth anyone's time to go into long half-baked "discussions" of our respective WSJ's understanding of how the world economy works. it's actually the sort of intellectual stupidity and arrogance that leads to one throwing up one's hands in frustartion that that they're not able to understand all of economics in a 10-minute soundbite, and that therefore everything is a fraud and i'm buying gold bars.

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40707034)

Dtp might not be old enough to remember the banking wizard Greenspan. During dot com boom: genius. After bust: vilified.

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40707074)

lmao

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40708503)

If/When V does go up, we have ZERO mechanisms to rapidly shrink the money supply in an orderly fashion to offset things without plunging the economy into a crises. If you are going to offset one variable with another, you better be able to reverse course if the trend on the original variable changes.

Another issue here is that interest rates are a price. Just like you have the price for bread or cars or surgeons. Keeping the price of time-value low completely screws up the market's ability to allocate capital and for individuals and companies to figure out the right debt/savings mix.

Finally, you keep citing smarty pants economists as an appeal to authority instead of making a substantial argument yourself. There is a reason that nobody takes macro economists seriously: they are always wrong. The track record of that crew being unable to head-off any of the previous economic cycles should tell you that you can hardly trust them when they say they know better this time.

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40707294)

if velocity begins to go up and inflation begins to rise, then simply raise interest rates. what is the problem here? as of now, inflation is not expected to rise and has not risen in the entire last decade of "irresponsible money-printing"

a broken clock is right twice a day. i know you'll gleefully cheer on the next recession, but you goldbugs are consistently wrong and history shows this. modern economists are much more right than they are wrong, since they have kept the modern economy afloat (and thriving) for so many decades despite taking us off the gold standard and racking up an enormous debt bill. yet you guys never acknowledge this. you never acknowledge that your yearly calls for collapse are wrong, you never acknowledge that for the most part, the modern system works. you just gleefully cheer on each cyclical recession and resume calls for apocalyptic collapse.

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40708031)

Yep. Agreed on all points. Using the simplistic "money printer" example, if the printer is printing a ton of money, but, because of the way the economy is structured, within seconds virtually all of it ends up in the hands of Jeff Bezos who parks it in vault to be saved and spent by Jeff Bezos the IX in his expedition to Jupiter in 2150, there ain't no inflation happening up in here.

What's also annoying about the inflation-mos and goldbugs is the hyper-focus on some unlikely problem that may come about in the future (inflation) without any regard for the very serious and pressing problem in the now. Like you said, inflation would have to be addressed if there are signs of it. But to do nothing as GDP contracts, aggregate demand sinks, and unemployment skyrockets, all because of a fear of inflation is preposterous. They're unwittingly serving the mega-rich who are deathly afraid of any policy (especially fiscal) that would address income and wealth inequality.

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40710332)

let me guess, you're a very conscientious person, and one day you will work so hard in apparent service of your personal welfare as to dig your own grave.

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40708333)

re: your second paragraph, yeah i'm conscientious but don't know what you mean by that

i doubt you have any friends irl. your overwhelming urge to sneer at whoever you talk to must be radically repelling irl

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40708363)

ah yes, i should take it upon myself to explain how the entire fucking economy works from the ground up, in my own words.

but last time i wrote more than a brief soundbite about a small crypto technicality, you protested it was "beyond my paygrade"

makes sense. really seems like you're in pursuit of new ideas and your mind is open to being changed lol

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40708443)

i said i was open to your theory but havn't given it much thought, as it dovetailed with my thoughts to stay away from crypto. i don't fully understand how derivatives work and it seems like it would take a significant amount of time to learn when your conclusion already matches what i think about it. do i need to delve into something deeply every time you have a brain fart?

"ah yes, i should take it upon myself to explain how the entire fucking economy works from the ground up, in my own words."

yes, someone who understands a subject well should be able to explain it as if talking to a 5 year old

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40708457)

DTP's musings on this are sort of hilarious because he spends all his time reciting reddit retard-level arguments about the merits of globalism, and yet the unstated premise of this thread is a contradictory belief in American exceptionalism and that the dollar is somehow immune from market forces.

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40708529)

my belief in american 'exceptionalism' is not at all contradictory with my belief in globalism. i do believe america flat-out has stronger institutions and culture and norms within the context of a globalist order such that it's far better economically than any of its competitors.

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40708551)

ETH almost flipped market cap once. Bitcoin cash also had a sick run. Even if Bitcoin stays #1, 40% dominance is very different from 70% dominance.

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40708609)

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40708497)

so if it's something imminent that's going to happen in our lifetimes, what is the new up-and-coming power going to be?

again, china?

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40708509)

But we do know that in every prior instance where inflation has gotten out of hand it has been due to printing money and that it ends in disaster.

(http://www.autoadmit.com/thread.php?thread_id=4597625&forum_id=2#40709579)