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Re: Printing dollars effects you
[Re: ]
#3744930
04/05/13 10:49 AM
04/05/13 10:49 AM
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DaveK
OP
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DaveK
OP
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Yeah, I know the advertisement...and you are right about the gimmick. But he does make some interesting points. I read a lot of business news...and it seem that there is more and more articles about currency, currency war, and countries moving away from the USD. There are guys on both sides debating deflation and inflation. Yet, you look around, and the majority of folks seem to be impacted by inflation. It's a scary world when you think of the USD.
Read up about bitcoins.
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Re: Printing dollars effects you
[Re: ]
#3745084
04/05/13 01:07 PM
04/05/13 01:07 PM
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DaveK
OP
Unregistered
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DaveK
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Unregistered
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Except that bitcoins has a finite supply....like gold. The USD is backed by confidence in the government.
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Re: Printing dollars effects you
[Re: ]
#3745540
04/05/13 07:38 PM
04/05/13 07:38 PM
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DaveK
OP
Unregistered
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DaveK
OP
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I hear you. Sometimes I just want to have a deeper conversation than some of the topics. Can only answer the best bait for raccoons so many times.
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Re: Printing dollars effects you
[Re: ]
#3746202
04/06/13 08:35 AM
04/06/13 08:35 AM
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DaveK
OP
Unregistered
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DaveK
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Unregistered
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No....but no reason not too. They can be converted back to dollars.
Some of my thoughts were what to do with operating cash for the business in a time where the USD is collapsing (rapid inflation). Some spend it as fast as they can on equipment. Buying gold or silver is not too liquid...unless you trade etf's. Then you could trade into other currencies...such as bitcoins.
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Re: Printing dollars effects you
[Re: ]
#3746716
04/06/13 03:22 PM
04/06/13 03:22 PM
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Joined: Jul 2009
Posts: 193 Tipton, IN
Travis Wolford
trapper
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trapper
Joined: Jul 2009
Posts: 193
Tipton, IN
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Until last week when the basis went away and corn prices dropped a buck lol. Should have sold every drop right out of the field last fall for 8 bucks but instead paid big money for gas to dry it and more in power to run bin fans all winter just to find out vomitoxin was in it and cost you even more so you can sell it in April for 6.50. Its like they say some days chicken, some days feathers! lol But hey seed corn is the way to go sell it 80k kernals at a time no matter the test weight, beats by the bushel!
it is not a stupid question if you do not know the answer
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Re: Printing dollars effects you
[Re: ]
#3747835
04/07/13 10:48 AM
04/07/13 10:48 AM
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DaveK
OP
Unregistered
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DaveK
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Unregistered
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I have no idea how high inflation could go. But, thanks for putting into perspective. Many businesses are pretty even keel, in terms of sales. With extreme seasonality of adc work, I would imagine that inflation would be a challenge when managing cash flow. Especially, just prior to ramping up for the season. The demand for cash changes.
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Re: Printing dollars effects you
[Re: ]
#3748373
04/07/13 05:44 PM
04/07/13 05:44 PM
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DaveK
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Unregistered
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DaveK
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Unregistered
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Re: Printing dollars effects you
[Re: ]
#3748408
04/07/13 06:07 PM
04/07/13 06:07 PM
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DaveK
OP
Unregistered
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DaveK
OP
Unregistered
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Referencing 1970's inflation got me thinking. How did the gov calculate it back then? Funny how they started massaging the formula. It is staggering to think that inflation is over 10%, using older formulas. What did bank accounts pay in interest in the 1970's? Wasnt it 12%.... http://www.shadowstats.com/alternate_data/inflation-charts
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Re: Printing dollars effects you
[Re: ]
#3748462
04/07/13 06:40 PM
04/07/13 06:40 PM
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DaveK
OP
Unregistered
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DaveK
OP
Unregistered
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10% inflation.....virtually 0% bank interest......you are getting fleeced.
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