Some late night reading gives me hope that we're about to have a bigger debate about the impact of fiat currency on economic inequality, stock market performance, and more.
100% - it always has to be per unit of wealth - that’s why counterfeiting is illegal - and where does the new money go? (Assets). I was talking about this back in 2012 (below) but glad someone is addressing it properly!
I would need a lot more education on this topic AND time spent thinking critically to offer a valuable insight so I very much appreciate your "take" on this very interesting study.
That said, is my simple view that this reinforces my primitive take on other folk's writing- that EVERYTHING we think of having grown in value should be priced in GOLD before claiming that an asset has grown on shrunk in value- remains simple and valid?
Taking sp-500 as an example, I have posted here before links to pricedingold.com that says the market peaked in 2000 at about 170 grams of gold, fell to 80 in that crash, fell to 30 in 2008, peaked again at 80 in 2022 and has been mostly sliding down since then in what we have called a massive bull for sp-500.
I guess it is obvious it is not EXACTLY the same thing and gold sentiment (and the debt fears that drive it) add noise to the signal but it does seem at least consistent and cross-supporting.
Garrett, Congress will only continue to enrich themselves. Andrew Jackson recognized the real enemy and it is called the National (private) Bank (now FED) which he destroyed:
Andrew Jackson destroyed the Second Bank of the United States (BUS) by vetoing its re-charter bill in 1832, arguing it was unconstitutional and privileged the elite. After re-election, he systematically dismantled it by ordering the withdrawal of federal deposits in 1833, redistributing them to state-chartered banks ("pet banks"), and allowing its charter to expire in 1836.
Only a free market can regulate itself by means of supply and demand. Debt is only of value when it results in productive value being created.
It's like the story in 'When Money Dies': "We shook our fists at the Brits and French for keeping their currencies strong, not realizing it was actually the mark simply becoming worthless."
I enjoy reading your articles, and watched multiple of your videos through TheoTrade. Question; do you offer stocks/ETFs/options recommendations with upgraded subscription here?
Not here. I focus more on defense and offense around a signal. So, recommendations are really when to go long and when to short...
We are launching some things with Theo. I recommend long term stocks at Postcards (my other letter), and we have insider buying trading at our insider letter.
I'm going to try to start doing more long and short here...
You might also check out my Slice App . IO - code word Garrett
That has stock picks, a chat room, and lots of insignts and commentary.
This seems to me to be brilliant and very important work. Thanks Garrett for bringing it to our attention and even greater thanks to Bühler for opening this for all you really smart guys (& gals) to mash around, refine it and make sense of how to utilize the knowledge!
Great work here. I would only say one thing which is we are definitely fiat currency but it is called petrodollar. USD value is dependent on control of global oil.
Very interesting, but depressing
100% - it always has to be per unit of wealth - that’s why counterfeiting is illegal - and where does the new money go? (Assets). I was talking about this back in 2012 (below) but glad someone is addressing it properly!
https://prptblog.wordpress.com/2012/09/01/hangover/#more-12
I would need a lot more education on this topic AND time spent thinking critically to offer a valuable insight so I very much appreciate your "take" on this very interesting study.
That said, is my simple view that this reinforces my primitive take on other folk's writing- that EVERYTHING we think of having grown in value should be priced in GOLD before claiming that an asset has grown on shrunk in value- remains simple and valid?
Taking sp-500 as an example, I have posted here before links to pricedingold.com that says the market peaked in 2000 at about 170 grams of gold, fell to 80 in that crash, fell to 30 in 2008, peaked again at 80 in 2022 and has been mostly sliding down since then in what we have called a massive bull for sp-500.
I guess it is obvious it is not EXACTLY the same thing and gold sentiment (and the debt fears that drive it) add noise to the signal but it does seem at least consistent and cross-supporting.
Garrett, Congress will only continue to enrich themselves. Andrew Jackson recognized the real enemy and it is called the National (private) Bank (now FED) which he destroyed:
Andrew Jackson destroyed the Second Bank of the United States (BUS) by vetoing its re-charter bill in 1832, arguing it was unconstitutional and privileged the elite. After re-election, he systematically dismantled it by ordering the withdrawal of federal deposits in 1833, redistributing them to state-chartered banks ("pet banks"), and allowing its charter to expire in 1836.
Only a free market can regulate itself by means of supply and demand. Debt is only of value when it results in productive value being created.
A challenge to stay positive in the midst of the flurry of negative, but it helps to first start looking at the right goal and direction!
Just to clarify…real rate of return = total return - (inflation + debasement)? 🙁
No. His format is different... Total Return = Debasement + Trend + Speculation
It's like the story in 'When Money Dies': "We shook our fists at the Brits and French for keeping their currencies strong, not realizing it was actually the mark simply becoming worthless."
Hi Garrett,
I enjoy reading your articles, and watched multiple of your videos through TheoTrade. Question; do you offer stocks/ETFs/options recommendations with upgraded subscription here?
Thanks for the awesome work!
Not here. I focus more on defense and offense around a signal. So, recommendations are really when to go long and when to short...
We are launching some things with Theo. I recommend long term stocks at Postcards (my other letter), and we have insider buying trading at our insider letter.
I'm going to try to start doing more long and short here...
You might also check out my Slice App . IO - code word Garrett
That has stock picks, a chat room, and lots of insignts and commentary.
Very good, thanks for the clarification. I will look into the other letters as well. Thanks!
This seems to me to be brilliant and very important work. Thanks Garrett for bringing it to our attention and even greater thanks to Bühler for opening this for all you really smart guys (& gals) to mash around, refine it and make sense of how to utilize the knowledge!
Great work here. I would only say one thing which is we are definitely fiat currency but it is called petrodollar. USD value is dependent on control of global oil.