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A trip back to 1964 proves Silver creates wealth
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<p>[QUOTE="Cloudsweeper99, post: 1548007, member: 3011"]And my response was: "Not at all. In the first instance, I correctly indicated that the inflationary effect of creating a dollar to buy a bank asset is offset by the deflationary effect of the asset removal. And the inflationary effect of the government borrowing a dollar is offset by the deflationary effect of adding a dollar of debt to be serviced.</p><p>In the second, I indicated that MB has no impact on the other M’s such as MZM which excludes MB, which is also a correct statement.</p><p>In the third, I correctly stated that the Fed is adding liquidity to the banks to prevent deflation.</p><p>So you can remove context and try to change words and meanings, as you are wont to do, but everything is there for anyone to read and see your deception. "</p><p><br /></p><p>So there is no possibility of having an intelligent discussion with you over any topic as long as you twist other people's words and cut and paist partial statements to fit what you want them to say instead of what they actually say. My words mean exactly what I intend them to mean. But you don't care about accuracy or other people who might read what you post.</p><p><br /></p><p>Everyone should take note of this.</p><p><br /></p><p><br /></p><p>Read more: <a href="http://www.cointalk.com/t214294-7/#ixzz28jUDAzMx" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t214294-7/#ixzz28jUDAzMx">http://www.cointalk.com/t214294-7/#ixzz28jUDAzMx</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1548007, member: 3011"]And my response was: "Not at all. In the first instance, I correctly indicated that the inflationary effect of creating a dollar to buy a bank asset is offset by the deflationary effect of the asset removal. And the inflationary effect of the government borrowing a dollar is offset by the deflationary effect of adding a dollar of debt to be serviced. In the second, I indicated that MB has no impact on the other M’s such as MZM which excludes MB, which is also a correct statement. In the third, I correctly stated that the Fed is adding liquidity to the banks to prevent deflation. So you can remove context and try to change words and meanings, as you are wont to do, but everything is there for anyone to read and see your deception. " So there is no possibility of having an intelligent discussion with you over any topic as long as you twist other people's words and cut and paist partial statements to fit what you want them to say instead of what they actually say. My words mean exactly what I intend them to mean. But you don't care about accuracy or other people who might read what you post. Everyone should take note of this. Read more: [url]http://www.cointalk.com/t214294-7/#ixzz28jUDAzMx[/url][/QUOTE]
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A trip back to 1964 proves Silver creates wealth
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