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http://www.garynorth.com/public/5115.cfm
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He is known as a deflationist: a man who predicts price deflation. Yet he is also an inflationist. Let me provide examples.
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That above is a quote from the link above it; and the issue is monetary currency. Gary North and a challenger to Gary North's perspective discuss, in a disconnected way, the issue of monetary currency.
One is predicting inflation. One is predicting deflation. Before I dive into that data stream I see an opportunity to clue the reader in on a third perspective, and the third perspective is one that doesn't get much currency. In other words the third perspective is not gaining readership quickly; not from a "major media" point of view.
In other words; if you look at how popular the 5 various perspectives are in terms of relative popularity you will find an order similar to this:
- Federal Reserve currency issue perspective; (the most popularized perspective of them all)
- Mike "Mish" Shedlock; with his popular blog on his deflationary perspective
- Gary North; a confessed gold bug promoting "sound money"
- Mathematically Perfected Economy (currency issue) a link I will link soon
- Accurate Currency (from a Joe's Law Power perspective - as yet to be understood by anyone in a formal manner although it is arguably the dominant current legal monetary currency being used globally)
http://www.perfecteconomy.com/pg-parable-of-perfect-economy.html
The reader has now a handful of data to peruse or gloss over, whatever power is in play on that end of this discussion. For my part I am going to summarize the forces at work here and end this contribution to this topic by that summary.
The Federal Reserve currency issue is secretive and therefore ambiguous, who actually knows what it is and how it works? Many people have theories. I can offer mine. Follow the money to the source of it, and in my opinion the effort will accurately identify the worst human criminals ever to pollute the earth and injure the validity of the species human. It is popular, and this can be found on that money trail, because it is backed by powerful stuff like popular falsehood, oil, and military might.
The second on the list is to me similar to the antithesis that plagues the gold bugs, akin to the antithesis that plagues the conservatives, plagues the republicans, plagues the nationalists, plagues the monarchists, plagues the capitalists, etc. as those forces vie for favors in the shadow of The Federal Reserve criminals. Did anyone follow the money yet?
The third on the list (which may actually be second on the list) is easily understood by me as "The Gold Bugs" (and they confess this label voluntarily). Gold is a very good currency, it isn't the most accurate and it certainly isn't the least expensive.
Fourth on the list is a very good example of what can be produced when science is applied to the work of producing and maintaining the best monetary currency i.e. mathematically Perfect currency - tm.
Fifth on the list can be illustrated with a few questions and comments. What is the meaning behind the term Petrodollar? Petroleum (not the often repeated falsehood called "fossil fuels") is linked to dollars by the term petrodollar. When someone claims that the dollar is "fiat" currency I can't help but suggest to the claimant (not that the claimant will entertain the suggestion) that the dollar is backed by at least three very powerful commodities.
Falsehood
Military Might
Petroleum
The dollar is commodity money. How much do you pay for falsehood?
Here is one measure (and that will end this "contribution"):
http://www.brillig.com/debt_clock/