There are two views on the USDollar. One view is that its destruction won't affect cryonics. The other is that it will destroy cryonics. Should the collar be defended? How?
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Advocacy & Research for Unlimited Lifespans
Posted 03 April 2009 - 06:08 PM
Posted 03 April 2009 - 07:37 PM
Edited by forever freedom, 03 April 2009 - 07:38 PM.
Posted 03 April 2009 - 07:42 PM
I don't see what the USD has to do with anything. If you're talking about a total US economic collapse, that's another story. The USD will only collapse if the economy of the US totally collapses -it's very hard for the USD to collapse before the US's economy. So i don't see your point and why you place so much importance on just the USD. Maybe that's why no one answered you; they don't see the point either.
Posted 03 April 2009 - 07:47 PM
I don't see what the USD has to do with anything. If you're talking about a total US economic collapse, that's another story. The USD will only collapse if the economy of the US totally collapses -it's very hard for the USD to collapse before the US's economy. So i don't see your point and why you place so much importance on just the USD. Maybe that's why no one answered you; they don't see the point either.
So you think the US economy is ok, do you?
Posted 03 April 2009 - 08:04 PM
Edited by PhilOssifur, 03 April 2009 - 08:27 PM.
Posted 03 April 2009 - 08:36 PM
Posted 03 April 2009 - 09:02 PM
So you think the US economy is ok, do you?
Of course not, but why are you focusing on the USD? Shouldn't the title of your topic be something like "What do you think will happen to the cryonics companies if the economy totally collapses?"?
I'm thinking more about the savings accounts of cryonicists at the moment. That's why I'm zeroing in on the USD. With the bailouts, including the G20 trillion dollar commiotment and no end int site to money pumping, that alone will lead to hyperinflation, leading to our savings accounts evaporating. What do you think of the bailouts? Won't that alone wipe out the USD?
Update 20 minutes later-- I see 58 have now viewed this thread with ONE contributor-- who is 21 years old who never took an economics or history course. This is discouraging. For guys who say they want immortality who don't understand the role of the USD-- it's incredible. Obviously Pizer, Miller, Laughlin, Ken/Faloon and other wealthy cryonicists consider USD important enough to accumulate high net worth-- yet here we see a dismissal of USD concerns by 58 Imminst.com BJKlein fans. This will be big news with Wired magazine when I submit my new article suggestion to them.
Edited by forever freedom, 03 April 2009 - 09:03 PM.
Posted 03 April 2009 - 09:30 PM
but diversifying your investments is always a wise strategy to consider. You have to decide the amoung of risk you're willing to take and then decide how much faith you're willing to place on the USD.
Posted 03 April 2009 - 10:42 PM
Posted 04 April 2009 - 12:02 AM
Prophets is 33, and looks to be from UK.... so no hope there.
There are two views on the USDollar. One view is that its destruction won't affect cryonics. The other is that it will destroy cryonics. Should the collar be defended? How?
One more thing-- the money pumping by the fed will destroy the USdollar which will then have the EFFECT of bringing the USA down as a country, and of bringing down the world since the USdolalr is still the reserve currency.
Imminst.org readers are not worth the time I've spend here today. I recommend you all read Larouche. feed://www.larouchepac.com/header/views/5/feed
Consider yourselves all the dupes of the British empire. It's that simple. None of you know your American history or world history. You'll never be immortal that way.
Edited by prophets, 04 April 2009 - 12:03 AM.
Posted 04 April 2009 - 10:35 AM
Posted 04 April 2009 - 10:45 AM
Posted 04 April 2009 - 12:05 PM
Edited by PhilOssifur, 04 April 2009 - 12:09 PM.
Posted 04 April 2009 - 12:46 PM
a bunch of rambling incongruent shit
didn't EXPECT anyone in Imminst.org to "get the answer right". I'm a glutton for punishment I guess. But I also posted the original question -- does cryonics require defense of the dollar"-- as a test-- just to see what the mindset is here. It's astonishing to see how many views I got within an hour... and within 12 hours. Most of you do not respond however-- and so it's like walking into a dark room filled with zombies.. with an occasional lunatic coming up to the microphone in the spotlight... and everyone who spoke voices views consistent with continued bailouts, inflation, dollar destruction and ruin-- thinking cryonicists and cryonics can survive.
Edited by prophets, 04 April 2009 - 12:54 PM.
Posted 04 April 2009 - 02:34 PM
i looked at your balance sheet from '08. i personally would not own any US Treasuries.
gold is one route. it's a decent hedge. you could own commodity geared currencies like the australian dollar or canadian loon, as well.
another way to go, but more risky is to buy equities (stocks) that are tied to non-dollar end markets. even if you buy intel, with 80% of the revenues in non-US dollar end markets, you will probably come out ok. the rest of the world is going to have to buy PCs for the next 20+ years and it's one of the few high value propositions the US offers. equities are more inflation oriented than bonds, becuz the upside in earnings is unlimited whereas the payout in a fixed life insurance/debt contract is capped out.
we'll have some inflation, but it will be beneficial over the long term. I don't think a lot of countries are going to follow the US... it's more of a US dollar debt problem to be inflated away, than any other currency.
Posted 04 April 2009 - 04:01 PM
Edited by caston, 04 April 2009 - 04:02 PM.
Posted 04 April 2009 - 04:07 PM
I'm expecting strong CPI inflation, high unemployment and deflation in the price of capital assets
Edited by prophets, 04 April 2009 - 04:07 PM.
Posted 04 April 2009 - 04:48 PM
Posted 05 April 2009 - 03:28 AM
I'm expecting strong CPI inflation, high unemployment and deflation in the price of capital assets
In some ways deflation of all capital assets is incorrect. If there is strong inflation, the cost of reproducing or creating some capital assets will rise materially and their value on a replacement basis rises.
If you build a chemical complex that processes oil into ethylene and its derivatives today at level of pricing where steel, labor, construction, and all input costs are lower. The value of the factory could rise tomorrow, when these input costs rise and inflation is experienced.
Obviously you can suffer from operating income risks, but you would want to build it in an area where there is high future demand (GDP) like APAC vs. lower nominal demand (US/Western. Europe). This assumes supply/demand is in balance and blah blah blah.
But fundamentally, not all assets will decline in value on a real basis.
Edited by caston, 05 April 2009 - 03:36 AM.
Posted 05 April 2009 - 03:54 AM
Posted 05 April 2009 - 01:25 PM
PhillOssifer, you owe this forum an apology for your bad manners, coming in here and demanding an immediate response from us. We aren't here to serve you. You are lucky that prophets and ben best gave you the benefit of their expertise. Your premise is the typical LaRouchian nonsense about how the world is going to hell, blah blah blah. That is just an excuse to avoid actually thinking and learning about what's really going on. I could address the issue of the USD, but frankly, I don't feel like it in light of your boorish behavior.
Posted 05 April 2009 - 02:31 PM
Posted 05 April 2009 - 02:44 PM
does cryonics require a defense of the dollar
Posted 05 April 2009 - 03:37 PM
1 hr later-- 16 views and no response from Imminst.org members demonstrates the level of either disregard for the dollar or ignorance.
This is very interesting.
Posted 05 April 2009 - 03:58 PM
In the end it will depend on innovation, growth rate in the populous, and that is the real issue facing the US. The debt is a problem, but declining productivity rates and a declining growth in the population is just as serious a problem. It is a multifaceted issue that isn't as easily grasp by a bunch of pro-Ron Paul internutters.
Posted 05 April 2009 - 04:31 PM
Posted 05 April 2009 - 11:05 PM
We're heading into a period of deflation... it will be like the prices are going back in time...
Posted 06 April 2009 - 12:12 AM
What in the world makes you think that any random hundred thousand impoverished, drug addicted zombies will produce the same number of creative geniuses as a hundred thousand healthy, well-nourished, well-educated young people? Brain power is not proportional to poop. Maybe exhaled CO2 is proportional to poop, although even that depends on diet.Seriously, all pooping aside, the potential relative human population density isn't simply bullpoop. It's real. Of course you Aristrotelian British bastards will reject it-- but it's where Larouche is. Think about it-- More people = MORE human MINDS-- or brains if you want to be reductionist about it. MORE brains is more BRAIN POWER.
Put THAT in your poop bowl and flush it. BRAIN POWER. You could say that human brain power is directly proportional to human poop. That's for the mathematicians lurking here. You cannot DENY that scientifically what I'm saying is true. I've been threatened with being banned by the moderator by the way. I want you all to support me here and keep me online. You can see that I have valuable contributions to make to your incestuous little group here... the incest being among reductionist logical positivists and assorted anti-larouche cult members. (That was an intentional insult to see if it pushes any buttons-- which are apparently easy to push here).
Posted 06 April 2009 - 12:24 AM
I suspect we have a lot of potential demand collapse to work through that will resist efforts to hyperinflate the money supply.
Posted 06 April 2009 - 01:44 AM
I suspect we have a lot of potential demand collapse to work through that will resist efforts to hyperinflate the money supply.
we certainly do. That's why we are seeing inflation as basically flat today. Once excess inventories fall enough, and production accommodates to the new lower level of demand we will see lots of inflation. That is probably still more than a year from now. Perhaps a year and a half.
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