Go Back   Bloggingheads Community > Life, the Universe and Everything
FAQ Members List Calendar Search Today's Posts Mark Forums Read

Notices

Life, the Universe and Everything Post comments about everything else here.

Reply
 
Thread Tools Display Modes
  #1  
Old 12-26-2011, 06:52 PM
sugarkang sugarkang is offline
 
Join Date: Oct 2008
Location: Cali, Small-Govt Liberal
Posts: 2,186
Default The End of Dollar Hegemony

NYT: China and Japan agree to stop relying exclusively on dollars as the worldwide currency.

Gee, why would they do that?

Jon Huntsman starts looking more important.
__________________
The mixing of populations lowers the cost of being unusual.
Reply With Quote
  #2  
Old 12-26-2011, 08:23 PM
chiwhisoxx chiwhisoxx is offline
 
Join Date: Aug 2009
Posts: 1,490
Default Re: The End of Dollar Hegemony

just out of curiosity, are on board with ron paul's monetary policy?
__________________
She said the theme of this party's the Industrial Age, and you came in dressed like a train wreck.
Reply With Quote
  #3  
Old 12-26-2011, 08:32 PM
sugarkang sugarkang is offline
 
Join Date: Oct 2008
Location: Cali, Small-Govt Liberal
Posts: 2,186
Default Re: The End of Dollar Hegemony

Quote:
Originally Posted by chiwhisoxx View Post
just out of curiosity, are on board with ron paul's monetary policy?
No. Unfortunately, that's his biggest issue and the overlapping consensus with the standard GOP. But let me ask you this:

What's the point in being Keynesian if it's politically impossible to implement Keynesian policies the way they were intended, i.e., spend big now and save during a boom, spend on shovel ready programs (but they don't exist)?

And who supported the housing bubble that's responsible for our current economic bullshit? Your Keynesian-In-Chief: Krugman.
__________________
The mixing of populations lowers the cost of being unusual.
Reply With Quote
  #4  
Old 12-26-2011, 09:57 PM
chiwhisoxx chiwhisoxx is offline
 
Join Date: Aug 2009
Posts: 1,490
Default Re: The End of Dollar Hegemony

Quote:
Originally Posted by sugarkang View Post
No. Unfortunately, that's his biggest issue and the overlapping consensus with the standard GOP. But let me ask you this:

What's the point in being Keynesian if it's politically impossible to implement Keynesian policies the way they were intended, i.e., spend big now and save during a boom, spend on shovel ready programs (but they don't exist)?

And who supported the housing bubble that's responsible for our current economic bullshit? Your Keynesian-In-Chief: Krugman.
since i'm um, not a keynesian, I can't really answer your questions. but i'm pretty certain there's space between paul krugman and ron paul on monetary policy, not to mention keynesianism in general (there's a lot more to keynes than monetary policy)
__________________
She said the theme of this party's the Industrial Age, and you came in dressed like a train wreck.
Reply With Quote
  #5  
Old 12-27-2011, 12:03 AM
badhatharry badhatharry is offline
 
Join Date: Jul 2009
Location: eastern sierra
Posts: 5,413
Default Re: The End of Dollar Hegemony

Quote:
Originally Posted by chiwhisoxx View Post
since i'm um, not a keynesian, I can't really answer your questions. but i'm pretty certain there's space between paul krugman and ron paul on monetary policy, not to mention keynesianism in general (there's a lot more to keynes than monetary policy)
I think the examples sugarkang gave were fiscal policy. But what do I know?
__________________
"By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it." Adam Smith
Reply With Quote
  #6  
Old 12-27-2011, 12:06 AM
sugarkang sugarkang is offline
 
Join Date: Oct 2008
Location: Cali, Small-Govt Liberal
Posts: 2,186
Default Re: The End of Dollar Hegemony

Quote:
Originally Posted by chiwhisoxx View Post
since i'm um, not a keynesian, I can't really answer your questions. but i'm pretty certain there's space between paul krugman and ron paul on monetary policy, not to mention keynesianism in general (there's a lot more to keynes than monetary policy)
Yeah, but that's really besides the point. Monetary policy is Ron Paul's number one issue, which I disagree with, and I still support him.
__________________
The mixing of populations lowers the cost of being unusual.
Reply With Quote
  #7  
Old 12-27-2011, 12:07 AM
sugarkang sugarkang is offline
 
Join Date: Oct 2008
Location: Cali, Small-Govt Liberal
Posts: 2,186
Default Re: The End of Dollar Hegemony

Quote:
Originally Posted by badhatharry View Post
I think the examples sugarkang gave were fiscal policy. But what do I know?
I was going to mention that and decided against it.
__________________
The mixing of populations lowers the cost of being unusual.
Reply With Quote
  #8  
Old 12-27-2011, 12:16 AM
badhatharry badhatharry is offline
 
Join Date: Jul 2009
Location: eastern sierra
Posts: 5,413
Default Re: The End of Dollar Hegemony

Quote:
Originally Posted by sugarkang View Post
Yeah, but that's really besides the point. Monetary policy is Ron Paul's number one issue, which I disagree with, and I still support him.
not relevant, but interesting.
__________________
"By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it." Adam Smith
Reply With Quote
  #9  
Old 12-27-2011, 11:38 AM
sugarkang sugarkang is offline
 
Join Date: Oct 2008
Location: Cali, Small-Govt Liberal
Posts: 2,186
Default Re: The End of Dollar Hegemony

Quote:
Originally Posted by badhatharry View Post
not relevant, but interesting.
I saw this a few days ago, but I wonder if you found the same parts interesting. Most of the article is "ZOMG this man is crazy" in subtler terms; it's WSJ. The key fact, however, is when he made most of his gold investments: 2002 and prior. And the author throws in a little "gold is off by 20%" as if to suggest RP made a foolish investment.

Let's compare investments over the past decade between 1/1/2002 through 12/27/2011:

1. S&P average: 9% (not per year; the entire decade)
2. Dow Jones: 20%
3. Berkshire (Warren Buffett): 61%
4. Gold: 500%+

Looks like money manager of the decade to me.

This is pretty hilarious. In his newsletter, RP sells a bunch of silver and gold coins to delusional and paranoid nutters and directly profits off of their gullibility. Only $1,675 for the kit he says! Clearly a scam.

Except one commenter does the math and estimates that the kit would be worth close to $9,000 today.
__________________
The mixing of populations lowers the cost of being unusual.
Reply With Quote
 


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 04:43 AM.


Powered by vBulletin® Version 3.8.7 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.