Money: that medium of exchange
that represents "wealth".
Wealth: 1) material resources 2) innovation 3) labor, in some combination.
For money to "function" properly it has to possess 3 qualities:
1) portable and durable,
2) stable store of value,
3) reliable unit of account,
and since the Fed is subverting qualities 2 and 3, price charts in dollars are not accurate in the measure that counts - "real wealth = purchasing power".
This is a problem solved using gold as the measure instead of the dollar. Why gold? It's the time immemorial collective unconscious "anchor". It is the market most sensitive to "induced" inflation.
Certain markets are better at sniffing out fundamental conditions than any formal codified measure we have. Try as we might, we cannot codify the dynamic collective unconscious (which shouldn't be too surprising).
(Not so) incidentally, this is the single reason free markets, in all their glorious organic splendor, are more efficient than any formally codified system of economic organization. Unfortunately free markets have ceased to exist in the developed west some time ago. Those railing against "free markets" are actually railing against a nascent fascism.
Wealth: 1) material resources 2) innovation 3) labor, in some combination.
For money to "function" properly it has to possess 3 qualities:
1) portable and durable,
2) stable store of value,
3) reliable unit of account,
and since the Fed is subverting qualities 2 and 3, price charts in dollars are not accurate in the measure that counts - "real wealth = purchasing power".
This is a problem solved using gold as the measure instead of the dollar. Why gold? It's the time immemorial collective unconscious "anchor". It is the market most sensitive to "induced" inflation.
Certain markets are better at sniffing out fundamental conditions than any formal codified measure we have. Try as we might, we cannot codify the dynamic collective unconscious (which shouldn't be too surprising).
(Not so) incidentally, this is the single reason free markets, in all their glorious organic splendor, are more efficient than any formally codified system of economic organization. Unfortunately free markets have ceased to exist in the developed west some time ago. Those railing against "free markets" are actually railing against a nascent fascism.
Fascism: where the protection of an established oligarchy becomes
higher priority than protection of individual rights. In other words, the
middle class gets taxed out of existence so the oilys don't lose their wealth. (We are early in that
process, and the middle class remains, for the most part, blissfully unaware.)
I suppose the
progression from free to oppressed is predicable and unavoidable.
Regardless, it is lamentable!
This "most sensitive" rule of markets does not apply to all markets all the time (obviously), but it always applies to some market all the time. Even in economically repressive regimes this "sniffing out" function occurs spontaneously in so called black markets (really just organic conditions under economic repression). As long as we have the power of our organic brains unimpeded, this will be the case.
Clearly, gold is still functioning as best measure of real wealth. Click for larger:
This "most sensitive" rule of markets does not apply to all markets all the time (obviously), but it always applies to some market all the time. Even in economically repressive regimes this "sniffing out" function occurs spontaneously in so called black markets (really just organic conditions under economic repression). As long as we have the power of our organic brains unimpeded, this will be the case.
Clearly, gold is still functioning as best measure of real wealth. Click for larger:
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