Recent content by eric_cartman

i think those percentages are based off the yearly mining supply. most of the gold has already been mined and my guess is that the majority of the gold out there is sitting in vaults for investment purposes.

i'll make my 2014 predictions now: DOW: 11,000 Gold: $1650 Silver: $29 10 year: 2.4% As a Canadian i'll predict: 20% decline in condo prices (though may be reported as only 10%)... more single family homes come on the market, but not as many people are buying at these high prices... but prices...

lol... i wouldn't say that peter got owned at all. peter was right that staples didn't take bit coins. they accept their gift cards which can be purchased for US dollars. and this guy just converts his bitcoins to US dollars and then buys the gift card. with the poker, i guess the idea is...

if we have a debt deflation, then we could experience a deflationary event. it depends on whether public credit growth is larger than private credit contraction. most austrians are predicting inflation. some are predicting deflation. at the end of the day, we're using a fiat currency, the US...

not really a head and shoulders pattern... right shoulder is too tall.

I decided to e-mail Warren Mosler... though I could use a little help in this debate. Here is what I wrote: Though I guess my point is that just because they set the risk-free rate at a very low level, doesn't mean that savers have to lend it to them at that level. They can loan their savings...

I like Mike Maloney... he's a good mix between Prechter and Schiff. He's both a deflationist and a hyperinflationist.

I just started a new job with a large financial planning company in Canada. I'm 2 weeks into training. But I took an 8 month financial planning course at a local community college prior to getting this job. I've been following the markets and studying Austrian Economics since I read Crash...

only 40min into it so far... and it's really annoying. the one guy is making so many stupid statements, but Murrphy doesn't seem to know enough to be able to point out the stupid things he's saying... he looks lost. like the guy claims that the current interest rate for steel is 0%. this is...

gold was at around $250 per ounce back in 2000. It got as high as $1900 and we're almost back to $1400 right now. it's out performed almost every other asset class. even though there has been inflation (rising prices)... it's not like prices are 5x higher than they were in 2000. Yes, your...

that was a good article. though i think i disagree with one point he made. he said: "when the commercial bank extended a $900 business loan to Sally, it created that money out of thin air." They didn't create any money out of thin air, they simply loaned Billy's money to Sally. The problem...

with a 10% reserve requirement, they can lend out $900 million. but then if that $900 million gets deposited back into that same bank, then they can hold 10% of that in reserve and lend out $810 million.

I understand what you're saying. But if I have a $20 bill in my pocket... I don't own a piece of debt... I own a piece of paper with the number $20 on it. By holding this paper, it doesn't give me a claim on anyone's labor, but my hope is that I can make a voluntary exchange with this $20 for...

that's a good point. it's the whole legal and government system that enables this whole process to work. because the banks don't really create money out of thin air. they just have the legal authority to loan out 90%+ of someone's deposit. the real money is loaned out into the economy and the...

gotcha... so the discount window isn't really a source of money creation... it's just there to keep interest rates from fluctuating outside the limit of the band overnight by acting as either the buyer or the seller. and i see what you mean. it's not really correct for me to say that banks...