I'm just trying to understand Rickards' position. What is it about pegging the gold price at a high dollar amount that would cause inflation, at least in his mind? I still don't get it. I must be dumb. I don't think bakers value their materials and labor in grams of gold. Maybe I have to buy one of ...

That sort of makes sense to me in a very high-level, conceptual way, but not in any real-world, practical way. Just because the government is willing to pay $5,000 per ounce to anyone who wants to sell them their gold, how does that change what I pay for a loaf of bread at the grocery store? After a...

Me too! Thanks Techno!

I was just listening to the Triggernometry podcast. It's a good show with good guests and thoughtful discussions. They had Jim Rickards on. He was saying that the US government will probably want to create inflation in order to fritter away its huge debt. He said that money printing alone can't crea...

Yes, and once a person's basic needs are met, which doesn't cost a whole lot at least in our society, then happiness becomes a choice. At least for a lot of people. There are exceptions perhaps for people who had truly bad parents or circumstances. I do believe that a lot of people who aren't very h...

The guy had $13M and still wasn't happy. I owe him a debt of gratitude for reminding me that money doesn't buy happiness.

I wonder if he was any happier when that $13M was substantially less about a month ago?

After the first big drop in late 2007/early 2008, stocks went up for two solid months, March to May 2008, before they really started dropping.

Ok, so if I had a $2 million PP held at Vanguard, where 3 of the four assets were Vanguard mutual funds (stocks, bonds, cash) and the fourth asset was $500,000 in a gold ETF, does this mean that my entire $2M is safe against financial shenanigans?

Wow, clearly we are in a crisis, when somebody on Knuckleheads would say that 25% gold might be considered a small amount.

It was interesting to see Smith1776 as one of the commenters on that last page in 2018, although it looks like his comment got removed somehow.

What are the key conclusions?

Well, three out of the three times I tried to switch on NPR today and yesterday, they were focusing on how in the U.S., African-Americans represent a disproportionately large % of the deaths from coronavirus. Not a surprise, because of diabetes stats, etc. But the way they talk about it, I feel lik...

He's the one who got himself elected, so he's the one who gets to define what it means to be "presidential" for this four years. There is no manual of presidentialness stored in the top right desk drawer in the oval office. If you can somehow comes to terms with that fact, then you don't have TDS. I...