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Sounds like you're due for a career change.

Maybe HP will eventually catch up to Apple's sales after all! Congrats? As for the Kool-aid thing, I hate the use of this reference. "Drinking the Kool-Aid" refers to people who have joined a cult, and will drink anything they're given, blindly, to their detriment. It's a reference to the...

And it's not Jim Willie.

Thank you for posting a quote that you found on the internet about some aspects of what money is. I hope you read it and understand it better now. It's a partial description, but if you understand it, it should clear up at least some of your confusion.

I wasn't criticizing the article. I was criticizing your post.

You're not really making sense any more. No I didn't read it - your link doesn't work.

The tirade against gold? Now gold has a persecution complex? Who is embarking on a tirade against gold. The only person here on a tirade is you.

You don't say. Well, that removes all doubt. You really don't know what money is. Just because you can use something as collateral, doesn't mean that it is money. Let me ask you this: if my house is collateral for my mortgage, does that mean that my house is money?

I know you don't know what currency is. Now I'm becoming convinced you don't even know what economics is.

Wow, you really are paranoid. You think other people have dual personalities! You're still not listening. Gold is not a currency. Banks do not hold gold as currency. They hold it as a currency reserve, an asset, a store of value. There are several things you can call gold. Currency is not...

Certainly you have to play the game to get the marks, but that's totally separate from "learning something". I think we both get what we're saying. As for the "X school of economics", almost everyone in economics "believes" in a certain school. This doesn't mean an actual school, like...

I can't recall ever being forced to learn anything. Learning is a two way street - the school gives you the opportunity to learn, but the amount you learn, and what you learn, is to a great degree, up to you. The decision of being taught how to think, or what to think, resides with the...

Ah, those knucklehead economists. Why do people have such high regard for certain professions and education, and yet so little regard for others? Doctors and scientists can be wrong, but we respect them for making new discoveries that expose how little we once knew. And yet, when economists...

Hard comparison to make. You can't buy any goods with gold today, so it's irrelevant to say whether or not you'll be able to buy more or less with it tomorrow. If you're right, then gold is worth exactly the same today as it ever was - it's just the currency that's been devalued. What do you...

Yup. Some of those crazy folks even claim to have seen this before.

So, since 2008, have we been in an inflationary period, or a deflationary period? Are we experiencing hyperinflation, or are we in a deflationary spiral? Unfortunately, you can't have both. You seem to be sure that something really awful is happening, but you can't tell if it's a drought or a...

That's what's great about the internet. It connects you with millions more potential buyers than the "old" way of selling things. Unfortunately, the number of actual buyers has remained pretty much the same.

Good post. I agree with everything you wrote, including this line. But I will say that the US economy and tax rate is nowhere near that level yet.

Yeah, who needs all that book-lernin'! I learned everything I need to know from thestockenthusiast.com. Just like I learned everything I need to know about engineering from American Chopper! The idea that the study of economics is useless just doesn't make any sense. I don't know what "the...

Correct. Gold can be thought of as a "store of value", like real estate, but it isn't "money". What I think people are saying here is that they are using their money to buy assets that are less impacted by inflation. That's wise if you are anticipating high inflation. The mistake is thinking...