tag:blogger.com,1999:blog-4490468598422095060.post1198144195468193785..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Peak Exorbitant PrivilegeFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger643125tag:blogger.com,1999:blog-4490468598422095060.post-87917130747436152702013-03-05T07:49:24.873-08:002013-03-05T07:49:24.873-08:00http://neuralnetwriter.cylo42.com/node/4407
Sweet...http://neuralnetwriter.cylo42.com/node/4407<br /><br />Sweet dreams tonight.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-16368724988530241532012-06-15T17:04:48.478-07:002012-06-15T17:04:48.478-07:00JR,
We may have had a rocky initial interaction, ...JR,<br /><br />We may have had a rocky initial interaction, but no hard feelings. I respect and value your encyclopedic knowledge and understanding, as well as your willingness to share it.<br /><br />I hadn't realized you replied in this thread. Disdain for Bitcoin is understandable. All manner of people have that reaction at first when I describe Freegold, yet are initially much more Ramonhttps://www.blogger.com/profile/15177032531133914670noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-76402149455330289372012-04-20T07:51:18.208-07:002012-04-20T07:51:18.208-07:00This comment has been removed by the author.Beer Holidayhttps://www.blogger.com/profile/05272004952129916579noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-52568029905254239632012-04-19T14:25:26.433-07:002012-04-19T14:25:26.433-07:00Let me address your interest directly: "I am ...Let me address your interest directly: <i>"I am interested in whether US real estate will provide any inflation protection at all (appreciate in nominal USD terms)"</i><br /><br />During HI real estate will not keep pace with inflation. So make sure you don't need to sell real estate in that period. (Renting does not pay usually either, especially if USG decides to "protect theAquilushttps://www.blogger.com/profile/12073570040211363739noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-35520030319941160712012-04-19T11:57:40.081-07:002012-04-19T11:57:40.081-07:00Aquilus, JR,
I finally saw where Lira said he pai...Aquilus, JR,<br /><br />I finally saw where Lira said he paid physical dollars. So in dollars, I get what you guys are saying. But Lira is also contending that real estate falls in price even in the local currency. He describes this using the word "nominal". I take this to mean unadjusted for inflation, or in current MoE (peso)terms. So are you guys saying you agree or disagree that JMan1959https://www.blogger.com/profile/04720578580699486888noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-49704638349352722702012-04-19T00:45:10.226-07:002012-04-19T00:45:10.226-07:00Aquilus
Not a pissing contest and try to keep up. ...Aquilus<br />Not a pissing contest and try to keep up. You were either talking your book or are heavily invested in RE; or both. Either way, no matter location, RE is done. <br /><br />Personally, I stick to the precious and have been doing so for quite some time now (first purchases; Ag 6, Au 300, Pt 900, Pd 293. And will continue to stack no matter the paper swings (though exclusively Au Phat Repathttps://www.blogger.com/profile/04401209340036026677noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-60613036738989038052012-04-18T21:33:17.293-07:002012-04-18T21:33:17.293-07:00Does this sound accurate:
Life made me live in fu...Does this sound accurate:<br /><br /><i>Life made me live in full consciouness the Argentinian collapse in 2001.<br />Just like the Iceland collapse of now.<br /><br />Bank run, devaluation overnight... freezing bank accounts, mess, president and economy minister escaping in a helicopter... food shortages... riots...the whole mess.</i><br />http://fofoa.blogspot.com/2009/01/JRhttps://www.blogger.com/profile/16345441084565082627noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-86940087078575179012012-04-18T21:27:06.781-07:002012-04-18T21:27:06.781-07:00Jman1959,
So what does the supply of money have t...Jman1959,<br /><br /><b>So what does the supply of money have to do with the catastrophic loss of confidence that is hyperinflation? Yes, the catastrophic loss of confidence drives prices higher. This makes the present supply of money insufficient to purchase a steady amount of goods (USG junkie fix). True balls-to-the-wall hyperinflation requires a feedback loop of both value and volume. Value JRhttps://www.blogger.com/profile/16345441084565082627noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-54841810999916708822012-04-18T18:33:31.662-07:002012-04-18T18:33:31.662-07:00JMan1959,
In the story, Hernan P bought the apart...JMan1959,<br /><br />In the story, Hernan P bought the apartment in USD not in pesos. You see? In pesos, the price would have appreciated many times, but not enough to keep pace with the hyperinflation. In USD, it deflated.Aquilushttps://www.blogger.com/profile/12073570040211363739noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-47492194810289452612012-04-18T17:25:25.596-07:002012-04-18T17:25:25.596-07:00Aquilus,
Lira is talking about real eat ate defl...Aquilus,<br /> Lira is talking about real eat ate deflation in the local currency, not the USD. I don't know where you got that.JMan1959https://www.blogger.com/profile/04720578580699486888noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-12545739994691752272012-04-18T09:47:43.714-07:002012-04-18T09:47:43.714-07:00Did Clyde just say "Unpleasant Dreams"? ...Did Clyde just say "<a href="http://www.youtube.com/watch?feature=player_detailpage&v=c7rB6sxrQc0#start=0:00;end=2:26;autoreplay=false;showoptions=false" rel="nofollow">Unpleasant Dreams</a>"? Mommy! I need a drink...Peterhttps://www.blogger.com/profile/14462392045836817708noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-24817699257801784652012-04-18T09:46:08.808-07:002012-04-18T09:46:08.808-07:00Clyde,
Funny!
An HI episode is just loss of conf...Clyde,<br /><br />Funny!<br /><br />An HI episode is just loss of confidence event. Now the fact that USD is a reserve currency would just increase the scale, but not change the nature of the HI event.<br /><br />There will still be a flight from the hyper-inflating currency to SOMETHING perceived as a stable Unit of Account. Unlike Zimbabwe and Argentina, this time that will not be the USD.<br /Aquilushttps://www.blogger.com/profile/12073570040211363739noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-76594920183182652942012-04-18T09:35:16.845-07:002012-04-18T09:35:16.845-07:00Does that make sense?
Just in case it didn't....<i>Does that make sense?</i><br /><br />Just in case it didn't...<br /><br />Isn't looking at all the modern-era HI episodes and trying to model a USD HI event on them, a little bit silly? In those other episodes, the people went and hid under the strong USD duvet, hoping the bogeyman wouldn't find them there. Fortunately, they were right — he didn't look there.<br /><br />But it&Clyde Froghttps://www.blogger.com/profile/17085838899455918400noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-60920677976211814932012-04-18T09:30:04.089-07:002012-04-18T09:30:04.089-07:00Aquilus,
LOL - excellent comic pointer ;)
Phat E...Aquilus,<br /><br />LOL - excellent comic pointer ;)<br /><br />Phat Expat,<br /><br /><i> And, this notion that Real Estate has a 'historical' value of 100 oz Au. For what!? A significant liability (on so many different levels)? </i><br /><br />I think that was directed at me. It is not a notion when it is supported through some 200 years of hard data. You can take it for what it'sAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-25249754673071730012012-04-18T09:04:36.314-07:002012-04-18T09:04:36.314-07:00Phat,
Ok, done, this blog has too much good conte...Phat,<br /><br />Ok, done, this blog has too much good content to soil it with a pissing contest on phrase turns. <a href="http://imgs.xkcd.com/comics/duty_calls.png" rel="nofollow">Have a happy life - I'm not here for this</a>Aquilushttps://www.blogger.com/profile/12073570040211363739noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-88686755235407179642012-04-18T08:49:07.951-07:002012-04-18T08:49:07.951-07:00Aquilus
You must be kinda slow so I will type slow...Aquilus<br />You must be kinda slow so I will type slow to help you out. The following comment:<br />"Earned or otherwise, that's the way it is."<br />Means...<br />It is what it is.<br />Which makes your comment:<br />"No need to care about the masses, injustice and all that. Not even about private banking privileges (LOL)"<br />Seem kinda stoopid. Know what I mean Phat Repathttps://www.blogger.com/profile/04401209340036026677noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-9019344232907256632012-04-18T06:59:24.940-07:002012-04-18T06:59:24.940-07:00JMan,
Big difference
Fofoa's example uses t...JMan,<br /><br />Big difference <br /><br />Fofoa's example uses the hyperinflating MoE.<br />Lira's example uses the stable UoA (USD at the time)<br /><br />Don't forget, HI it's deflation in the stable UoA( USD in Lira's example, gold in FOFOA's example) while nominal prices in the local hyperinflating MoE keep rising.<br /><br />Does that make sense?Aquilushttps://www.blogger.com/profile/12073570040211363739noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-33551802081645759612012-04-18T06:49:10.247-07:002012-04-18T06:49:10.247-07:00Phat,
Ok, you can have your biases and you can co...Phat,<br /><br />Ok, you can have your biases and you can complain about the state taxing that which you own. You can give me lessons about the privileges of the rich and how the majority gets screwed.<br /><br />I only say this: if you try to see the world as it is, not how you would like it to be, all those complaints become part of cold, hard calculation on whether an asset is worth investing Aquilushttps://www.blogger.com/profile/12073570040211363739noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-77405783898454102592012-04-18T06:48:45.391-07:002012-04-18T06:48:45.391-07:00JR,
Fofoa's example of rising prices:
"...JR, <br />Fofoa's example of rising prices:<br /><br />"Honey, I talked to Fred again, he can't sell his house! Poor guy, he has had it up for two years now and has to raise his asking price again. No takers, yet. The last couple was just about to close but took a month too long; they almost got the cash together, too. He backed out to raise the asking price, again. Oh well, that'JMan1959https://www.blogger.com/profile/04720578580699486888noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-26521170513744798902012-04-18T06:23:24.506-07:002012-04-18T06:23:24.506-07:00Hi Wendy,
I hope you enjoyed your recent vacation...Hi Wendy,<br /><br />I hope you enjoyed your recent vacation - everyone needs a break from time to time or they would probably go crazy. ;)<br /><br />FOFOA, I hope you enjoyed your — what? — 24 hour or so break from the vigil the other day.<br /><br />Sincerely,<br /><br />DPDPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-39304022112714288022012-04-18T05:32:26.231-07:002012-04-18T05:32:26.231-07:00Aquilus
No, not smug at all. I just don't lik...Aquilus<br />No, not smug at all. I just don't like anyone trying to blow sunshine up my pants. Real estate is a liability; plain and simple. It is illiquid and is counter to Freegold (certainly NOT a wealth preserve or a mechanism for flow). Sure, timing is everything if that's your point. And if most had an inkling of that, well, no need to work, eh?<br /><br />For the majority, Phat Repathttps://www.blogger.com/profile/04401209340036026677noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-70259438299891382482012-04-18T04:07:15.283-07:002012-04-18T04:07:15.283-07:00costata,
Actually the cellar is reserved exclusiv...costata,<br /><br />Actually the cellar is reserved exclusively for all that yummy Aussie shiraz. The pile of gold is in the pool house — who really needs an olympic sized water reservoir anyway, when they live in bonnie Scotia?<br /><br />Yes, the gold is in an old baked bean tin in the filter closet. I've emptied the pool because it was costing too much to heat it and keep it clean, while IDPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-45245614854974557892012-04-18T01:35:14.393-07:002012-04-18T01:35:14.393-07:00DASK, Robert, MatthAu & holdinmyown,
Thanks v...DASK, Robert, MatthAu & holdinmyown,<br /><br />Thanks very much for that advice. Not far from the place where I will be staying there is a branch of Scotiabank within spitting distance of a coin shop. So I can enquire at both and compare. <br /><br />I'm flattered by the suggestion that I might meet the 100-oz minimum needed to purchase through the mint, but that is way beyond my Totarahttps://www.blogger.com/profile/16913443789456238992noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-29067723603775556972012-04-18T00:27:43.907-07:002012-04-18T00:27:43.907-07:00FOFOA.
Thank you for the clear response to Victor...FOFOA.<br /><br />Thank you for the clear response to Victor. The only beef I have with it is that perhaps it should have come sooner. I freely admit that I was getting a bit confused by the short and short tempered answers up until you wrote the longer response. Cleared the air in here, (and some of the fog in my brain as well) which was much needed and I sure hope it stays clear now for a while.Bjornhttps://www.blogger.com/profile/12516935140748351764noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-87692432498752267532012-04-17T22:58:50.557-07:002012-04-17T22:58:50.557-07:00Phat, a little smug and all-knowing perhaps?
Ren...Phat, a little smug and all-knowing perhaps? <br /><br />Renting has its time and owning to rent to others has its time, depends where you are in a cycle.<br /><br />It's not so black and white - remember how many truly "old money" wealthy people own real estate along with gold, art, interest in business, etc.Aquilushttps://www.blogger.com/profile/12073570040211363739noreply@blogger.com