Free marketeers/Ron Paul stans/PCTs being wrong on everything since 2008 thread

D

Dusty Bake Activate

Fukk your corny debates
Joined
May 1, 2012
Messages
39,078
Reputation
6,002
Daps
132,733
Morph said:
Poverty statistics indicate that our country is getting poorer.
Click to expand...

Statistics indicate that we were losing 750,000 jobs per months at the height of the recession and we've had 36 straight months of consecutive private sector job growth despite inactive in Washington.

But the point of the thread is that a lot of Ron Paul stan-types made a series of apocalyptic predictions like the stock market doing a death spiral, third world levels of unemployment, severe food shortages in the U.S., hyperinflation, the dollar tanking, etc. being imminent that turned out to be patently false.

Also, the rising stock market has mostly benefitted the ultra rich, not the common man. More folks are working past 65 because their retirements are too little to live off of.
Click to expand...
I don't deny that that is true.
The one comparison regarding QE was to the Weimar Republic. In the 1920s/1930s, the Weimar Republic tried to print its way to prosperity. It failed miserably. QE didn't work for them, it actually made things worse.
Click to expand...
lol...well the U.S. is not the Weimar Republic. The Weimar Republic didn't hold the reserve currency of the world and $100 trillion bond market. The U.S. isn't reeling from a devastating military loss and being forced to pay huge reparations to rebuild the nations they went to war with under the Treaty of Versailles and having had all the powerful nations of the world stop lending to them. That's an absurd comparison.

QE for all its flaws (loading up the big banks who caused the recession with interest-free easy money, increasing income inequality) has "worked" thus far in the sense that is has stopped the bleeding, kept the economic system stable, held inflation in check, and kept the dollar strong.

I think a more robust fiscal stimulus and reprivatization of the big banks was needed, but since the situation in Washington will not allow for that, monetary stimulus is the only tool we had to keep our heads above water.

Ron Paul's portfolio has outperformed the stock market during this recovery.

893960-131445598802074-Zvi-Bar.png
Click to expand...
Word? How's the Ron Paul portfolio doing now?

screen%20shot%202013-03-06%20at%209.13.02%20am.jpg

:laff:

A lot of portfolios outperformed the market. My fukking around on sharebuilder outperformed the S&P500. Of course people will flock to gold when you have economic instability and uncertainty and are in the throes of a financial collapse, but now it's tanking. Intelligent investors incorporated gold into their portfolio. That's why I loaded up on it and recently sold it with a 35% return. Only paranoid survivalist morons with don't tread on me flags on the their front porches put ALL their eggs in one gold basket. And Ron Paul and his stans on the sohh and the coli have still been wrong about everything.
 
Mook

Mook

We should all strive to be like Mr. Rogers.
Supporter
Joined
Apr 30, 2012
Messages
22,935
Reputation
2,477
Daps
58,607
Reppin
Raleigh
why do the libertatirans think they're correct when there is no country they can base it off of and everyone dismisses them.
 
Morph

Morph

Rookie
Joined
Jan 10, 2013
Messages
338
Reputation
0
Daps
279
Reppin
NULL
Mook said:
why do the libertatirans think they're correct when there is no country they can base it off of and everyone dismisses them.
Click to expand...
When you look at history, there are a couple countries that have tried saving their economies by stimulating certain industries, saving companies through bailouts, or printing their way into progression.

Japan is a prime example of a country that tried to save it's economy by stimulating it and bailing out companies. Read up on the "lost decade", which recently turned into 2 lost decades.

In the 1920s, the Weimar Republic continuously printed money to buy up it's own debt. Their logic was that if there is a debt, then you could print money equal to that debt and just erase it like that. Sounds smart, right?

BUT if printing money was the solution, why doesn't the government print 3 million dollars for every man woman and child? That way we could all be rich and buy whatever we wanted and "stimulate" the economy with our buying power. But it doesn't work that way because that will only lead to inflation/hyperinflation.

And that's what happened to the Weimar Republic: hyperinflation. The cost of everything skyrocketed. Unfortunately that's what we're doing right now, printing a lot of money trying to buy up our own debt. Read up on QE3 (quantitative easing).

Here's some article you might find interesting
Lost decade for US Economy
Lost decade for the Economy




VictorVonDoom said:
we've had 36 straight months of consecutive private sector job growth...Ron Paul stan-types made a series of apocalyptic predictions like the stock market doing a death spiral, third world levels of unemployment, severe food shortages in the U.S., hyperinflation, the dollar tanking, etc. being imminent that turned out to be patently false.
Click to expand...
Still, despite X amount of months of private sector job growth, there hasn't been a huge decrease in the overall unemployment rate. We've basically had 8% unemployment for 4 years in a row. First time since the great depression, I believe.




lol...well the U.S. is not the Weimar Republic. The Weimar Republic didn't hold the reserve currency of the world and $100 trillion bond market. The U.S. isn't reeling from a devastating military loss and being forced to pay huge reparations to rebuild the nations they went to war with under the Treaty of Versailles and having had all the powerful nations of the world stop lending to them. That's an absurd comparison.
Click to expand...
We are, however, reeling from 16 trillion dollar national debt, a 10 year war in Afghanistan, a decade of zero growth in employment, and God knows what else.

The point was that inflating your own currency to eat your own debt didn't work then, it's not working now. How much are you paying for a gallon of gasoline, gallon of milk, and a loaf of bread today, cost of a college education, then compare it to what it costs back in the 1920s? Inflation, man. Prices are not going down if you haven't noticed.




Word? How's the Ron Paul portfolio doing now?

screen%20shot%202013-03-06%20at%209.13.02%20am.jpg

:laff:
Click to expand...
"Sept. 2012 to Feb. 2013" :usure: @ you for even posting such a minute time span.

That's not even a long term chart on Gold's performance. Gold gained back 1% today, too.

Ron Paul first invested in gold in the early 1970s. He still made a killing with gold, using a longer period from 1999 to today.

Let's say RP first invested in gold In 1999, when gold was at $253/oz. As of today, gold is at $1,387.40. Do the math, and you get a 548% PROFIT, not loss ([1387*100]/253). NOW, go back and find the price of gold dating back to say 1972, when RP first invested in gold and insert that into the formula... RP has made a KILLING on bullion.



A lot of portfolios outperformed the market...That's why I loaded up on it and recently sold it with a 35% return.
Click to expand...
35% isn't even a huge profit compared to the 500% most people netted through early investments dating back to 1999/2000. I'm not dismissing it, but it's about 1/15th of what other investors made over a longer period, including RP.
 
D

Dusty Bake Activate

Fukk your corny debates
Joined
May 1, 2012
Messages
39,078
Reputation
6,002
Daps
132,733
Table of Inflation Rates by Month and Year (1999-2013)

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ave
2013 1.6 2.0 1.5 1.1 1.4
2012 2.9 2.9 2.7 2.3 1.7 1.7 1.4 1.7 2.0 2.2 1.8 1.7 2.1
2011 1.6 2.1 2.7 3.2 3.6 3.6 3.6 3.8 3.9 3.5 3.4 3.0 3.2
2010 2.6 2.1 2.3 2.2 2.0 1.1 1.2 1.1 1.1 1.2 1.1 1.5 1.6
2009 0 0.2 -0.4 -0.7 -1.3 -1.4 -2.1 -1.5 -1.3 -0.2 1.8 2.7 -0.4
2008 4.3 4 4 3.9 4.2 5.0 5.6 5.4 4.9 3.7 1.1 0.1 3.8

:whistle:
 
You must log in or register to reply here.
Top