Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "Economic Mystery: How Is Krugman So Dumb About a Topic He's Studied for So Long?" video.

We had the saving and loans scandal in the late 1980s, I remember. We also had a very bad stock market crash in 1987, and a major stock crash. We had a severe recession from 1987 to 1995. Then, we had a major stock market crash in 2000, and another one in Sept 11th 2001. The stock market didn't go down after the crash in 1987 to 2000. The stock market went up from 2000 to Oct. 2008. The recession is over buddy, the printed dollars will stimulate the economy!
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What happened in 1980 when silver reached $50/oz, and all the sudden it dropped to $5/oz?? Certainly, the silver mines were producing silver at over $5/oz, so they month balled a lot of silver mines. Simple. The same thing will happen to your gold mines. You are ignorant of recent history. Back in the 1990s, a lot of people thought the U.S. economy was going to crash, but did it? The difference between 1987 and 2008 was that people had internet in 2008, and in 1987 they didn't.
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In your dreams.
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Well, it's a fact, people who have less than a 4 year Bachelors degree have a higher rate of unemployment. You people are pathetic, you actually believe there is going to be a economic collapse. It won't happen. The only thing that will happen are people who bet on the system going down will be the ones who will go down. The government and central banks can print and borrow as much as they want. Buying gold or silver isn't going to do anything, it will only make you poorer.
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Where is your gold and silver price now, you conspiracy theorist douche bag? Truthers, conspiracy theorists, collapse cultists= DANGEROUS ZEALOTS AND TERRORISTS!
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A weak dollar is good for U.S. exports, it is good for American industralists and manufacturers. U.S. products are more competitive in the international or global market. The U.S. can sell more raw and finished goods, and this would bring us out of a trade deficit over time.
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The problem is the average Joe and Jane doesn't know anything about precious metals. The average person is concerned about American idol, what Justin Beaver did, what I am going to eat tonight, what clothes are fashionable, the latest i-phones/gadgets, sex, and other meaningless things. From what I can see, there is no shortage of silver or gold by most bullion dealers. You can buy 1000 oz bars of silver, and 100 oz bars of gold without a problem. Its obvious, most people don't care about it.
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When gold or platinum goes to $900 or $1000/oz, I will be buying more for sure. I did buy a significant amount at higher prices than now, but I will just hold that. I will think of it as my retirement fund money. I would love to pick some more up below $1000/oz for sure.
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Oil was $19 to $20/barrel in 2000. Gold can go down $1100 or lower. Back in 1980, gold was $850/oz, and it dropped to $350/oz for about 23 years! People who are 16 years don't work, the legal age for working is 18. You cannot get a full time job until you graduate from high school. I had gold, and I rolled it into palladium. I rolled some of that into stocks, real estate, bonds, and put that in the bank also. What's wrong with fiat money. Everyone knows its money, cold hard cash.
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The problem we have now is deflation, so inflation is the cure. Mr. Greenspan got the U.S.A. out of the stock market of 1987, he also got us out of the stock market crash of 2000. Printing it, is the answer. You will always have money if you buy and sell stocks, I have. I've been buying stocks since 2009, and I am a multi-millionaire now!
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Krugman has been right, by printing money, the economy is being reinflated. The real estate market, stock market, and the job market are slowly coming back. Print it until we get out of the recession, like in 1987, 1999, and 2008!
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I believe it, because I am living in it. The economy really is getting better, the unemployment numbers are going down, more homes are being sold, more cars are being sold, more stuff is being produced in the U.S.A., the stock market rebounded, gold+silver are being crushed. Welcome to the recovery!
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Most of those dollars are in East Asian countries that have very high population densities. A country like China has about 1.2 billion people, and China might have about $2+ trillion in U.S. bonds or more, but what is $2 trillion over 1.2 billion? That amounts to $1666 per person in China, and that isn't a lot. China, Japan, S.Korea, and Taiwan needs the U.S. to buy their goods. In turn, they buy oil, natural gas, agricultural prod, timber, minerals, medicine, heavy machinery, defense equip, etc
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If these foreigners bought up U.S. real estate, it would really bring the housing market out of the slump it was in from 2007. The price of real estate would sky rocket. Let's say there are 400,000 homes worth about $3,000,000 each, there are about 40 million homes worth $300,000+. Can $7 trillion handle it? The sum of all those homes are worth about $13.2 trillion. That is excluding commercial real estate.
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Not really. If these gold and silver bugs are so right, why is gold and silver going down so much? It's really simple, silver isn't money, and gold is sometimes money. What do you expect the government and the central banks to do??? Just let the economy crash into a greatest depression? The banks want to lend money to jump start the economy, and the government wants to see more happy faces :) .People like Wrong Paul, and these anarchists want to see the whole system crash and burn.
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It seems to me that the truther movement has a wet dreams of hyperinflation, and they had been talking about it since 2007. You people have been talking about it for 6 years, and there is just modest inflation. I do have gold, and platinum but it is only like 20% of my assets. I am well diversified in businesses, stocks, bonds, real estate, fiat currencies, etc. Listen. Central banks can control inflation by raising interest rates, and in deflationary times they can lower interest rates.
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When you can keep holding your gold and silver until gold goes down to $950/oz and silver goes down to $18/oz or lower. I will buy real estate, buy a real business, and make a monthly revenue in fiat money. I will buy gold when it is at rock bottom prices. No one cares about gold or silver, the average person wouldn't buy a silver 1 ounce coin for $1. Mark Dice made a video about it. The money that is printed doesn't go to the average person, it goes to a handful of people. No hyperinflation.
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I do own gold, and I do regret buying it at $1600/oz, and $1700/oz. Gold is a timeless element, it never rusts, corrodes, and it is eternal. I would love to buy more gold at $900 and $1000/oz.
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You don't understand economics. The U.S. produces enough wealth. Foreigners come to the U.S. to buy high end real estate, and many people want to come and live in the U.S.A.. U.S. produces a lot more things than I can put in this comment bar. The foreigners aren't going to dump those dollars, they will use it to buy something of value. They will buy U.S. businesses, land, real estate, defense equipment, natural resources, automobiles, commercial aircraft, livestock, etc..
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You will see a lot of inflation in a few years from now, but it will come in the form of a bubble for something.
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If you put 90% or all of your investments in gold and silver, you better have enough money to survive on when it they go down 50% or more from when you bought it. If you don't, you will have to sell it at rock bottom prices to just pay your bills and cover for cost of living expenses. That is the truth. Since I still do have a job, I didn't put all my money into gold/platinum, I will just focus my attention on my career and other investments. I will make money from them, and buy cheap gold.
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If that were true, there would be a shortage of silver which has gone down 55% from its high of $49.70/oz. You can buy all the silver you want, there is no shortage of 1000 oz bars of silver.
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Such anger. The recession is over if you have a 4 year degree or higher, it isn't over if you are unskilled and uneducated.
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For one, the U.S. produces a lot of things the world use. On the other hand, Zimbabwe doesn't and that's the difference. The U.S. produces F-16s that cost $18 million, F-15s that cost $45 to $80 million, largest producer of crops, a very large producer of minerals, lumber, food stuffs, agricultural goods, a very large producer of munitions from 5.56x45mm to AIM-120 missiles($150,000/un), oil, coal, medicines, medical equipment, heavy machines, etc. The U.S. has a lot of technology and resources.
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The working age population is about 200 million people, and 90 million people out of 200 million are out of work. The real unemployment is about 45%. How many more people are under employed on top of that?
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Over time, the currency will be devalued. It seems to me governments and central banks all over the world are printing lots of money, but we still see a very sluggish economy. All this money printing and the global economy is down more than 92% from its highs in 2007. This might be one of the reasons why commodities are going down.
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I see.... So, people aged from 18 to 60 are unemployed, so it isn't in relation to the total population. 90 million+113 million people aren't working in the USA, so 64.9% of the total population are either unemployed, too young to work, disabled, or too old to work. That is a lot of people who aren't working.
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I heard enough of the truth movement in the past 6 years, and most of them are a bunch of charlatons.
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I said this is the beginning of the economic turn around, and the beginning of the end for gold+silver. Silver went down from $49.50/oz to $23/oz, and gold went down from a high of $1950/oz to $1430/oz. The 90 million people you talk about who don't work are either too young or too old to work, they are also disabled people. A barrel of oil was $150/barrel in the middle of 2008, and now it is about $96/barrel. Where is the inflation?
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That is true, the real productivity is really down. You can check the Baltic Dry Index, and it is down from 11,500 in 2007 to 850 in May 16, 2013. The global economy is in a depression.
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The Federal Reserve reinflated the economy after it crashed in 1987, they reinflated it in 2000 when it crashed. They can do this again and again. They will crash your gold by making massive short positions and bankrupt you.
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Krugman's Keynesian economics works, the economy is rebounding.
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Here are the facts.... According to the government census, the population younger than 18 years is 72 million people, people who are 62 and over are 41 million people. 113 million people out of 313 million people are too young or too old to work. You made a claim that 90 million people are out of work out of a population of 313 million. Your tried to lie with the numbers, but I am too smart to be fooled by such propaganda.
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Sure, the Fed Reserve and other central banks can create inflation, but it can be absorbed by rising prices of real estate, and prices in general. It can also be absorbed by more production of goods, the more you produce the cheaper it gets.
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