Replies to post #123141 on Zeev's Turnips Patch-No Politics (ZEEV)

[RIVERCITY DAN]

Train Guy,

I enjoyed your posts on trading and compounding of trading profits(your 1% per day). Are you trading your system and how are you doing with it? I think its very possible as long as you take small profits when available and maintain rigid stops.
My profit goals are 1% to 3% with losses of .5% maximum per trade. I am trading in sync with the indexes and the primary trend when I can determine it.<g>

RiverCityDan

[phineas gage]

TG- when we created the Federal Reserve, if effect, we created a mechanism to ensure inflation. Instead of natural cycles of deflation and inflation, we adopted a system of continuous, controlled inflation. Not making a value judgement here, just observing.

So are we surprised that AG is going all out against deflation? It's not only a policy initiative, it's a self preservation strategy. I could imagine a world like Baum's, where after a long period of deflation, populist leaders dismantle the federal reserve system entirely and separate its two functions. Money supply and regulatory oversight of banks is alot for one agency.

[Train Guy]

-- But since we didn't do that, we now have the very real problem of too much debt and too much stuff. And the only solution the idiot behind the curtain has is to pay with the money. Like that has anything to do with it. --

Oh, I see I had a typo. :( That should be play with the money. Da boyz in their ivory towers over state their importance and try and give themselves powers they don't have. Japan has shown that you can screw around with the money all you want. It really only has limited effect. It is bad observations from the past of cause and effect that even has them thinking that what they do even much matters. It was their incompetence in the first place that has gotten us into this mess of too much debt and too much stuff.

At least somebody took a baby step in the right direction of fixing the problem with the tax cuts. What they really need to do to fix things is to go to a flat tax and then get the hell out of the way. You see if one finds themselves in debt they better get their butt in gear and produce something. And if the only thing you can presently produce is stuff there is already to much of, then you better come up with something new. A flat tax would to borrow a phrase from the title of the Joe Stariani album I've been listening to, unleash the "engines of creation" in society and we would simple creat our way out of our present predicament. It certainly would beat just trying to make the money worthless.