Market breaks 20,000

[Nameless]

Government debt isn't so much a problem. They can inflate it away at any time. The personal debt of ordinary people such as those with mortgages is much more of a problem. People default en mass and suddenly you have a crisis as banks are essentially bankrupt anyway. Personal debt is huge and an increase in interest rates guarantees insolvency and bankruptcy. Central banks are stuck in the middle. Rates were too low for too long and debt has mounted much higher.

So you're admitting that all the years you've been telling us that government debt was the problem and we were due imminent hyperinfllation you were wrong.

Personal and corporate debt are a problem in some countries, particularly in Britain. The situation is improving in a lot of countries though. Even if some countries do start to see serious problems with nonperforming personal debt it's noy going to cause inflation though, is it? Just the opposite in fact.

Kirk you are not fooliing anyone you obviously don't know my family members but if u did u would stop talking like you are someone you aren't you are so full of shit it makes me feel sorry for anyone close to you.

He didn't talk about your family, I don't understand where your argumentation is going.

[Gandalf]

When ricecake goes up 25% in a year that is a monetary decision. In fact all of the prices go up at the same points every year. The Chinese New Year holiday is always followed by an increase in prices. My wife bulk buys in preparation for it, it's common knowledge that this happens. If you are just going to ignore price increases and say that it has nothing to do with inflation, then you are just changing the definition of inflation. Like I say, I live in the real world and will judge inflation by what I have to spend to buy the things I need, governments chop and change things and what is measured as inflation today would be laughed at 40 years ago.

Also, this place is where they make the cars, washing machines, televisions etc, and they are all much more expensive here than they are in the West. They gouge their own populace when it comes to the trendy things governments in the West like to use as examples of inflation reducing items. So when you have that, plus the food that is double the price of food in the West, the cost of property, the cost of clothing etc and with lower wages. Well, the prices seem to come from somewhere and it isn't just supply and demand. It's also because of protectionism here. Mind you, it doesn't bother me so much as I am wearing the same sweater I was wearing at 19.

[Kirkland Laing]

When ricecake goes up 25% in a year that is a monetary decision. In fact all of the prices go up at the same points every year. The Chinese New Year holiday is always followed by an increase in prices. My wife bulk buys in preparation for it, it's common knowledge that this happens. If you are just going to ignore price increases and say that it has nothing to do with inflation, then you are just changing the definition of inflation. Like I say, I live in the real world and will judge inflation by what I have to spend to buy the things I need, governments chop and change things and what is measured as inflation today would be laughed at 40 years ago.

Also, this place is where they make the cars, washing machines, televisions etc, and they are all much more expensive here than they are in the West. They gouge their own populace when it comes to the trendy things governments in the West like to use as examples of inflation reducing items. So when you have that, plus the food that is double the price of food in the West, the cost of property, the cost of clothing etc and with lower wages. Well, the prices seem to come from somewhere and it isn't just supply and demand. It's also because of protectionism here. Mind you, it doesn't bother me so much as I am wearing the same sweater I was wearing at 19.

It's really simple Miles. Prices for items like food and fuel are mainly altered by supply and demand, not monetary policy (monetary policy being printing money, raising or lowering interest rates and so on). Central banks/finance ministries have no real control over the price of food and oil. Those prices are set by the market and vary a lot. So to find a true measure of inflation, to find how monetary policy set by a country (interest rates, money supply etc) is affecting inflation they have an measuring index which strips out food and energy items. That rate, commonly known as core inflation, lets them know how their current policy is affecting the inflation of goods and services that they have control over the prices of.

You may live in the real world and have to pay real world prices but if there's a really bad global rice harvest and the price of rice doubles it's not down to anything the money/finance people have any control over. The price has not doubled because some government somewhere did some QE or increased their central bank's balance sheet or whatever.

[walrus]

When ricecake goes up 25% in a year that is a monetary decision. In fact all of the prices go up at the same points every year. The Chinese New Year holiday is always followed by an increase in prices. My wife bulk buys in preparation for it, it's common knowledge that this happens. If you are just going to ignore price increases and say that it has nothing to do with inflation, then you are just changing the definition of inflation. Like I say, I live in the real world and will judge inflation by what I have to spend to buy the things I need, governments chop and change things and what is measured as inflation today would be laughed at 40 years ago.

Also, this place is where they make the cars, washing machines, televisions etc, and they are all much more expensive here than they are in the West. They gouge their own populace when it comes to the trendy things governments in the West like to use as examples of inflation reducing items. So when you have that, plus the food that is double the price of food in the West, the cost of property, the cost of clothing etc and with lower wages. Well, the prices seem to come from somewhere and it isn't just supply and demand. It's also because of protectionism here. Mind you, it doesn't bother me so much as I am wearing the same sweater I was wearing at 19.

It's really simple Miles. Prices for items like food and fuel are mainly altered by supply and demand, not monetary policy (monetary policy being printing money, raising or lowering interest rates and so on). Central banks/finance ministries have no real control over the price of food and oil. Those prices are set by the market and vary a lot. So to find a true measure of inflation, to find how monetary policy set by a country (interest rates, money supply etc) is affecting inflation they have an measuring index which strips out food and energy items. That rate, commonly known as core inflation, lets them know how their current policy is affecting the inflation of goods and services that they have control over the prices of.

You may live in the real world and have to pay real world prices but if there's a really bad global rice harvest and the price of rice doubles it's not down to anything the money/finance people have any control over. The price has not doubled because some government somewhere did some QE or increased their central bank's balance sheet or whatever.

Dude you know it's not tied to consumption it's ties to production all they have to do to manipulate the price is say they are cutting back. Remember the bubble and then the crash it had nothing to do with consumption you idiot

[walrus]

@Gandalf don't listen to that idiot he said America would be gone 5 years ago. I guess if u just keep saying it you will be right at some point

[Master]

@Gandalf don't listen to that idiot he said America would be gone 5 years ago. I guess if u just keep saying it you will be right at some point

You was not here 5 years ago. Do not mess with Kirkland.

[walrus]

@Gandalf don't listen to that idiot he said America would be gone 5 years ago. I guess if u just keep saying it you will be right at some point

You was not here 5 years ago. Do not mess with Kirkland.

I was lurking u idiot

[walrus]

Government debt isn't so much a problem. They can inflate it away at any time. The personal debt of ordinary people such as those with mortgages is much more of a problem. People default en mass and suddenly you have a crisis as banks are essentially bankrupt anyway. Personal debt is huge and an increase in interest rates guarantees insolvency and bankruptcy. Central banks are stuck in the middle. Rates were too low for too long and debt has mounted much higher.

So you're admitting that all the years you've been telling us that government debt was the problem and we were due imminent hyperinfllation you were wrong.

Personal and corporate debt are a problem in some countries, particularly in Britain. The situation is improving in a lot of countries though. Even if some countries do start to see serious problems with nonperforming personal debt it's noy going to cause inflation though, is it? Just the opposite in fact.

Kirk you are not fooliing anyone you obviously don't know my family members but if u did u would stop talking like you are someone you aren't you are so full of shit it makes me feel sorry for anyone close to you.

He didn't talk about your family, I don't understand where your argumentation is going.

Dude it's Kirkland all is fair now stay out of this

[Master]

Government debt isn't so much a problem. They can inflate it away at any time. The personal debt of ordinary people such as those with mortgages is much more of a problem. People default en mass and suddenly you have a crisis as banks are essentially bankrupt anyway. Personal debt is huge and an increase in interest rates guarantees insolvency and bankruptcy. Central banks are stuck in the middle. Rates were too low for too long and debt has mounted much higher.

So you're admitting that all the years you've been telling us that government debt was the problem and we were due imminent hyperinfllation you were wrong.

Personal and corporate debt are a problem in some countries, particularly in Britain. The situation is improving in a lot of countries though. Even if some countries do start to see serious problems with nonperforming personal debt it's noy going to cause inflation though, is it? Just the opposite in fact.

Kirk you are not fooliing anyone you obviously don't know my family members but if u did u would stop talking like you are someone you aren't you are so full of shit it makes me feel sorry for anyone close to you.

He didn't talk about your family, I don't understand where your argumentation is going.

Dude it's Kirkland all is fair now stay out of this

Warning, do not mess with Nameless.

[walrus]

Government debt isn't so much a problem. They can inflate it away at any time. The personal debt of ordinary people such as those with mortgages is much more of a problem. People default en mass and suddenly you have a crisis as banks are essentially bankrupt anyway. Personal debt is huge and an increase in interest rates guarantees insolvency and bankruptcy. Central banks are stuck in the middle. Rates were too low for too long and debt has mounted much higher.

So you're admitting that all the years you've been telling us that government debt was the problem and we were due imminent hyperinfllation you were wrong.

Personal and corporate debt are a problem in some countries, particularly in Britain. The situation is improving in a lot of countries though. Even if some countries do start to see serious problems with nonperforming personal debt it's noy going to cause inflation though, is it? Just the opposite in fact.

Kirk you are not fooliing anyone you obviously don't know my family members but if u did u would stop talking like you are someone you aren't you are so full of shit it makes me feel sorry for anyone close to you.

He didn't talk about your family, I don't understand where your argumentation is going.

Dude it's Kirkland all is fair now stay out of this

Warning, do not mess with Nameless.

@Master I don't but he started it why is he the zog

[Nameless]

Government debt isn't so much a problem. They can inflate it away at any time. The personal debt of ordinary people such as those with mortgages is much more of a problem. People default en mass and suddenly you have a crisis as banks are essentially bankrupt anyway. Personal debt is huge and an increase in interest rates guarantees insolvency and bankruptcy. Central banks are stuck in the middle. Rates were too low for too long and debt has mounted much higher.

So you're admitting that all the years you've been telling us that government debt was the problem and we were due imminent hyperinfllation you were wrong.

Personal and corporate debt are a problem in some countries, particularly in Britain. The situation is improving in a lot of countries though. Even if some countries do start to see serious problems with nonperforming personal debt it's noy going to cause inflation though, is it? Just the opposite in fact.

Kirk you are not fooliing anyone you obviously don't know my family members but if u did u would stop talking like you are someone you aren't you are so full of shit it makes me feel sorry for anyone close to you.

He didn't talk about your family, I don't understand where your argumentation is going.

Dude it's Kirkland all is fair now stay out of this

Warning, do not mess with Nameless.

@Master I don't but he started it why is he the zog

I didn't start nothing; just pointed out that on that one, your argumentation was not very tight. Beside, it's a public board, if you don't want people to read/comment on something you'Re saying, I'd suggest you write a private message to the person concerned.

[Gandalf]

Walrus, is that your Dad? You post on the same forum. I have never known such intimate bonds.

[walrus]

Government debt isn't so much a problem. They can inflate it away at any time. The personal debt of ordinary people such as those with mortgages is much more of a problem. People default en mass and suddenly you have a crisis as banks are essentially bankrupt anyway. Personal debt is huge and an increase in interest rates guarantees insolvency and bankruptcy. Central banks are stuck in the middle. Rates were too low for too long and debt has mounted much higher.

So you're admitting that all the years you've been telling us that government debt was the problem and we were due imminent hyperinfllation you were wrong.

Personal and corporate debt are a problem in some countries, particularly in Britain. The situation is improving in a lot of countries though. Even if some countries do start to see serious problems with nonperforming personal debt it's noy going to cause inflation though, is it? Just the opposite in fact.

Kirk you are not fooliing anyone you obviously don't know my family members but if u did u would stop talking like you are someone you aren't you are so full of shit it makes me feel sorry for anyone close to you.

He didn't talk about your family, I don't understand where your argumentation is going.

Dude it's Kirkland all is fair now stay out of this

Warning, do not mess with Nameless.

@Master I don't but he started it why is he the zog

I didn't start nothing; just pointed out that on that one, your argumentation was not very tight. Beside, it's a public board, if you don't want people to read/comment on something you'Re saying, I'd suggest you write a private message to the person concerned.

Kirkland is the public face of the ZOG, thus I must use all means to slay the beast

[Gandalf]

The markets going higher and higher. I think it will carry on going up for the time being. It has no connection with reality. It's an alien creature warped and distorted beyond any recognition. What goes up must always come down, but if you can replace people with more robots it will help things along, but eventually you will need to give the robots credit cards to keep it all going. Humanity has lost its marbles. Looking at that as a measure of ones achievements is like cutting off your own hand after your cat scratches you. Sure you dealt with the pain of the stratch but you are now on opioids for the missing hand! "Don't belittle me! I am making progress!".