It all began before the Civil War

You actually believe that the 3.16 % is the rate of inflation

Have you seen the commidity prices the govt been hiding
that it use to use too formulate up cpi and inflation

I don't buy also the unemployement numbers either

Call me crazy when the current model is U 3

And the original mode was U 6

The key factors too figure unemployement
I just refuse too believe they nonsense they are pushing

 

Not yet that is because of velocity which is what killed the weimar republic
of germany they couldn't get it out fast enought they thought

Tho.our banks have vast reserves of holding and ain't released none of yet
so you tell me

If we are sitting on a mountain of digital money which we are
and they ain't putt it into the system yet you can't have hyperinflation
until it enters the active market system not just holding

So do you believe inflating the money supply is good

Floating the currenty too be better than bimetalism or commidities based
currency of someform or another

I do recall some pretty nasty stories of inflation,interest,unemployement
During the Carter Adminstration which was a direct result of

Inflated currency supply in an effort too fund the little military adventure they
had a few yrs. Before that

Then the Lbj doubling the size of govt with his golden society

 

How much money is required in a money based market?

 

Why is the Consumer Price Index a good measure of inflation? Does your 3.16% calculation take into account that as productivity rises, prices tend to go down, or is that just from a flat price from a given previous date? It's worth pondering that a) the CPI "specialists" try to discount the change in quality of products such that when people can no longer afford rib eye steak, they start buying lesser quality and that b) prices should be going down, so the actual increase in CPI is higher - people are losing the purchasing power they would have gained on top of what they lose due manipulation of the money supply. For the average worker or pensioner, they are losing up to 3-5% of their income every year in hidden inflation taxes.

 

Rite,rite no hyper inflation

Tho are dollars purchasing power has been destroyed
since I don't knw since the federal reserve came about

Now a dollar can't buy what an nickel could buy then

Wow you have a very different view of success than I do.

 

Simply having some money is usually required.

 

It is a working metric for most persons in our economy.

 

What purchasing power has been destroyed if the minimum wage has also been rising?

 

The. Minimum wage what a conundrum

Its by govt dictate not freemarket principle or wage earned per agreed compensation

It take more too buy what shouldn't take that much too buy because of

Minimum wage and money supply inflation

You keep lookn @ one person an not all person effected by money policy

And government mandates

It has unintended consequences for each action

They try too help person/group X

It has negative effects on persons/groups. A,B,& C

 

The constitution stated

20 dollars be redeemable for 1 oz. Of gold

An how much is a oz. Of gold trading @ today

 

Why do you not believe there is an equilibrium in wages rising to meet inflationary trends? Simply focusing on one commodity may be misleading or subject to market manipulation.

 

I would confide more in the sincerity of those of your point of view, if they were busier convincing State legislatures to exercise their States' right regarding forms of commodity money.

 

Hard backed currrency would be more stable an less inflatable

Which would end this gravy train of govt largesse via the treasury

And all this maniacal fiscal policy an spending policy this country

And other fiat based currency countries have an are experiencing

Like greece,spain,italy,portugal,france,britian,germany,ireland,iceland

 

Is golds value gone up that much or is the dollars value gone down that far

Constitution prohibits state coinage and credit of monies

 

You may be missing the point of my trying to goad those of your point of view; the several States of our Union, are specifically allowed the use of commodity forms of money within their sovereignty. Why have they not jumped on it, if it is as you claim?

 

I would confide in your sincerity more, but our federal Constitution is the supreme law of the land.

 

Ya ok an your point is my post is correct

Because the states can't make coinage,credit

And try this on for size the federal reserve act

Which makes Art. 1 section. 10 null in viod

And is usurpt the enumerated power which

Is why this continuance of fiat monies is sustained

You can't inflate our deficit spend with. Hard backed currency

Hence why Utah is the only state I've heard of lately that is pursuing such activities

 

The point I am making is the several States could use commodity forms of money, whenever they feel it may better promote and provide for their general welfare.

 

That I concur,tho my point is they. Wont cause the status quo

Of something for nothing thru legal plunder of the fiat system is superior

Because the plunderers don't have too use them traditonal means of
confication too plunder with this current fiat system

 

So, if none of the several States believe using commodity money is worth their while, why do you?

 

Because it is original intent ...and it limits the power of busy bodies
in politics an business

Take pay pal an how they trade they don't use a hard back currency
and people still love their services for internet usage

Something that cutts out the. Top teir of privileged and
also special privileges via congress

Both upper an lower class

It puts everyone back on level playing field so to speak
tho not in the karl marx kinda of redistributive kinda way

 

From my understanding, the original intent was to let the several States decide when they have had enough of our federal Congress simply legislating fiat money out of thin air.

 

Not so the main reaason for the constitution was because of the articles of confederation


And the contenital dollar was wothless and the countrys monies was a disaster
so centralization was the answer

Too incur a national debt. By paying off the soldiers salaries and the war debts
and getting intl credit an trade fasttracked

 

Correct sorry about thta it was original intent

Until the constitution was passed and Alexander Hamilton
invented the 1st. US centeal bank

 

There was nothing preventing our federal Congress from creating fiat money as full of worth, as a Continental.