199k jobs added, unemployment falls to 3.7%

[Port Tack]

The way unemployment is calculated was changed in 1994. Clinton fucked over the workers every way he could. I feel your pain.

It's being calculated the same way or damn close. It's never been as high as shitheads like ITN calculate it.

 

[Port Tack]

Currently around 60%.

You are such an asshole, do you think anyone believes the bullshit you spout?

 

[Port Tack]

HOLY FUCK are you stupid. Gold is actually back up with something of value. Bitcoin??????????????????????????? Nothing. Like all democrats. They have NOTHING to back them up. Holy SHIT Walt. Post your address. NOW would be good.

why do you suppose that anyone would post their personal information when a fucking jackass like you asks them to?

 

[Into the Night]

sometimes a commodity is valuable in and of itself.

All commodities are.

like "salary"comes from "salt", how romans were paid around the globe.

True. At the time, of course, salt was much more valuable than now, although it still retains some value.

sound currency is actually a thing.

True. Never said otherwise.

as distinct from unsound keynesian currency abuse currency, fiat currency.

Never said otherwise.

here you are trying to destroy words, meanings, concepts, important distinctions, etc.

Nope. You are describing yourself again. It is YOU trying to redefine 'fascism'.

are you a banker fascist trying to hide the truth of your machinations?

Bankers are not necessarily fascists. I am not a fascist. I am a capitalist. Fascism is a form of socialist, and like all forms of socialism, is based on theft of wealth.

the government is required to for fiat currencies to work.

By definition.

ultimately they rely on force, not value.

No. They think they can force the acceptance of their currency, but that is actually not the case. The government in the end has no say on whether their fiat currency is accepted or not. All currencies have value, even a fiat currency. It may not be a lot of value, but it's still greater than zero.

the government guaranteeing a conversion to a specific amount of a commodity (sound currency)

The government cannot make such a guarantee. Market forces determine that, and ONLY market forces.

is better than just naked keynesianism (fiat currency),

Keynesian Theory is not currency of any type. It does, however, require the use of fiat currency. The Theory states that an economy can be stimulated through inflation. It's wrong, of course.

though, yes, it is still a form of fascism.

No. If a government owns a currency and the money market, it is communism. Fiat currency is communism, not fascism.

 

[Into the Night]

As you can see, in the 1920's we had a wild swing up to above 20%, and down to nearly 20% deflation.

Cherry picking fallacy. Non-sequitur fallacy. You probably forgot the War.

It happened several times in the 1800's too.

So? War happened in the 1800s too.

Economists thought the wild swings would correct themselves with another wild swing,

You don't get to speak for the dead.

but there was also the possibility of a liquidity trap.

There is no such thing as a 'liquidity trap'. Buzzword fallacy.

From 1930 to 1933, there was near constant deflation of 7% a year and higher. That was deflation of about a third, with no end in site.

Blatant lie.

We can collect the current average velocity of money. Inflation and deflation are also values.

Velocity is neither inflation nor deflation.

Imagine you make $4k a month, and have a mortgage for $1k a month, leaving you with $3k a month to do everything else. Now deflation means you drop down to $2k a month income, but still have the mortgage of $1 a month. Your mortgage just doubled in value.

Which is why it is foolish to go into debt. Avoid it if you can. If you lose your job, the same thing happens.

Spread that over all the business loans and consumer loans, and you have a huge number of bankruptcies, especially banks.

Most banks weren't as careless about their own finances. Today, most are, all due to fiat currency.

If there is an expectation of deflation, people will save their money for the future when it will be worth more.

Correct. So?

They will not invest or spend their money, but merely put it under a mattress.

No, they will put it in a bank, usually. Mattresses and other 'home storage methods' were only used when banks were failing because of their own mismanagement. That is still true today. A lot of people put their gold in safes.

This decreases the velocity of money, which increases deflation.

Velocity is neither inflation nor deflation.

With prices being cheaper, velocity usually increased.

It is a deadly self reinforcing cycle.

Nope. It's a self correcting one.

In times of economic cutbacks, people would tend to save. As prices fell, money velocity would INCREASE. As people began to spend again.
During times people tended to save, interest rates on loans would fall, making it easier to get a loan. Businesses would use this time to improve their production facilities. As people began to spend again, those facilities were there to answer the need, and the loans were paid back. Smart banks kept a healthy reserve and profited from making these loans. The would withstand a few loans going bad (and taking and disposing the collateral) out of their profits. Dumb banks did NOT keep a healthy reserve, and could potentially fail with just a few loans going bad since they had no reserve to handle the costs of disposal of collateral.

Iron has a density of about 7.9 times water,

Neither iron nor water is density.
Iron can and does float on water in some circumstances.

so granite (2.7 times water) floats easily on it.

Granite too can float on water in some circumstances.

Gold, at 19.3 times water, will sink into liquid iron.

Gold can float on liquid iron in some circumstances, just as iron can float on water in some circumstances. Material type is not density.

At the center of the earth is iron,

How do you know? Did you drill a hole to the center of the Earth to find out?

and all the gold that was on the original, liquid Earth.

You mean the Earth today is not the original Earth????

Later, as the crust cooled, and meteor/comets delivered a little more gold, that gold stayed towards the surface.

What meteors and comets delivered gold? Comets are basically a dirty snowball. Meteors are just rocks or sand in space that got too close to Earth.

This all means gold is hundreds of more times as common in other parts of the solar system.

Non-sequitur fallacy. Circular argument fallacy (fundamentalism).

The Western Roman Empire switched to the gold standard right before the deflation of the Dark Ages.... So not thousands of years.

The Roman Empire stretched from Europe to Asia and Africa and even into what is now England. There was no 'Western Roman Empire'.

It never used a 'gold standard', although it did have a gold coin for a time. Rome instead first minted currency in bronze, then later, in silver.
At first the denarius was a high quality silver coin 90% pure, approximately the size between a modern nickel and a dime. As Rome began to fall apart, this currency was debased to continue to pay for government projects, reducing the silver to 50% pure. Eventually, it got to a point where people rejected the Roman coin and used other currency for trade. Roman trade routes fell apart, and the empire cracked up into multiple kingdoms which later became the many kingdoms of Europe.

And that is a whole other nightmare.

Rome's nightmare is the same as ours: debasement of currency.

A dual metal standard requires the government to try to make two metal prices ratio the same over time.

Nope. That took care of itself. The government didn't have to and doesn't have to do a damn thing.

Because those metal are the basis of entire economies, it means massive losses.

Metals are not losses, Sock.

The British were sometimes spending half their entire government income on trying to keep gold and silver ratios constant.

The British didn't use a gold standard. Like Rome, they used a silver standard. The term 'pound' is still the name of the currency in Britain, even though it is now a fiat currency and has no basis of commodity, just like the US. And just like the US, they are in financial difficulty for the same reasons that Rome went through: debasement of currency.

The use of a metal such as gold or silver (gold is easier to verify it's worth), is not a 'loss'. It is not a 'debasement'. It is a sound currency. Gold has the advantage of carrying a lot of value in a small space. Silver has the advantage of being generally worth less, making it ideal for day to day transactions.

A gold standard often supplants it with silver to better conduct day to day purchases. You buy a quantity of silver with a certain amount of gold (market price). No government needed.

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

The Federal government and FDR had NO authority to STEAL THE GOLD FROM CITIZENS and issue fiat currency and force the States to use it.
The fiat currency that has no basis of commodity (like the 'dollar' today) IS UNCONSTITUTIONAL. The Federal Reserve and the FRN notes it issues and it's rule by thumbscrew over the banks is UNCONSTITUTIONAL.

Before FDR, a dollar was standardized as 1/20th of an oz of fine (90% pure or better) of gold. This is establishing a weight and standard, which the federal government WAS allowed to do. The dollar was a unit of weight. The federal government was NOT allowed to issue fiat currency...EVER.

The use of gold as a currency is literally thousands of years old. The use of silver somewhat less so, but still very old.
There are reasons for this. Those economies worked very well with it, and gold in particular is very easy to verify it's weight and purity.
Silver, being a day to day currency ofttimes, was checked less often due to it's lower value, but it was STILL CHECKED.

Whether they are minted as Denarius, Drachma, Shekels, Thalers (where the word 'dollar' comes from!), or any other silver coin, they've been used for thousands of years, just like gold. You would buy silver with your gold, or buy your gold with silver...always at market rate. No government needed.

 

[Hawkeye10]

https://twitter.com/x/status/1753885570512666907

 

[Into the Night]

Show up making minimal effort to use language correctly then I might pay attention to your rap.

I have standards.

Sue Me.

YOU don't get to dictate YOUR standards on anybody else. You are not the King.
Omniscience fallacy.

 

[Into the Night]

I lead by example...and U suck.

You don't lead anything, Chicom. Omniscience fallacy.

 

[Into the Night]

Damo runs a Free Mind meeting place.

...and YOU don't have the right to usurp that. You are not the King, Chicom.

 

[Bai Lan]

All commodities are.

True. At the time, of course, salt was much more valuable than now, although it still retains some value.

True. Never said otherwise.

Never said otherwise.

Nope. You are describing yourself again. It is YOU trying to redefine 'fascism'.

Bankers are not necessarily fascists. I am not a fascist. I am a capitalist. Fascism is a form of socialist, and like all forms of socialism, is based on theft of wealth.

By definition.

No. They think they can force the acceptance of their currency, but that is actually not the case. The government in the end has no say on whether their fiat currency is accepted or not. All currencies have value, even a fiat currency. It may not be a lot of value, but it's still greater than zero.

The government cannot make such a guarantee. Market forces determine that, and ONLY market forces.

Keynesian Theory is not currency of any type. It does, however, require the use of fiat currency. The Theory states that an economy can be stimulated through inflation. It's wrong, of course.

No. If a government owns a currency and the money market, it is communism. Fiat currency is communism, not fascism.

word games.

privatized cental bnks are fascism, despite your ongoing word game.

 

[Into the Night]

So then U do know what a capital letter is...

Illiteracy: misspelling of 'you'. Misuse of ellipsis.
So you have judged, so shall you be judged.

 

[Into the Night]

word games.

You are describing yourself again. You cannot project YOUR problem on me or anybody else.

privatized cental bnks are fascism, despite your ongoing word game.

A private bank is not fascism. It is capitalism. It may or may not exist in the United States.

A bank in the United States is not fascism. It IS subject to the fascism and communism from the Federal Reserve, however. The bank itself is NOT fascism.

Stop playing word games.

 

[Into the Night]

It's being calculated the same way or damn close. It's never been as high as shitheads like ITN calculate it.

I don't calculate it.

 

[Into the Night]

You are such an asshole, do you think anyone believes the bullshit you spout?

The numbers I quote aren't bullshit. I have already given you their source.
Some do believe these numbers. Some of THEM have checked against the source I gave. You don't get to speak for everyone, Sock. Omniscience fallacy. Argument of the Stone fallacy.

 

[Into the Night]

why do you suppose that anyone would post their personal information when a fucking jackass like you asks them to?

You tell me. People HAVE posted their personal information on JPP from time to time. That happens on other public blind forums as well.

 

[Hawkeye10]

https://twitter.com/x/status/1753935726939406469

 

[Bai Lan]

You are describing yourself again. You cannot project YOUR problem on me or anybody else.

A private bank is not fascism. It is capitalism. It may or may not exist in the United States.

A bank in the United States is not fascism. It IS subject to the fascism and communism from the Federal Reserve, however. The bank itself is NOT fascism.

Stop playing word games.

spin, banker fascist, spin!

 

[Diesel]

https://twitter.com/x/status/1753935726939406469

That's the spirit. Whenever the truth inconveniences you, just say that reality isn't real.

 

[TOP]

https://twitter.com/x/status/1753935726939406469

People are absolutely struggling...To say otherwise is just a flat out lie...
Let's just hope the real people get to the polls to vote...
Another 4 years of that liar in office (or even worse, Kamala) would be disastrous...and senseless...

 

[Hawkeye10]

People are absolutely struggling...To say otherwise is just a flat out lie...
Let's just hope the real people get to the polls to vote...
Another 4 years of that liar in office (or even worse, Kamala) would be disastrous...and senseless...

They tell the boldest of lies now, and illegally import well north of 5 million people a year , many who hate America, without our consent and then give them more privileges than citizens get.

Buckle Up.