Ron Paul likes price gouging, and the way he explains it, ..

franco b · By: **franco b** On: Mon Nov 26, 2012 12:24 am

jpete wrote:If FNMA has worked to lower housing prices, how did we have a housing bubble? Maybe we don't need them if that's the kind of job they do.

They did not work to lower prices they did just the opposite. What they did do was make it easier to get financing which created higher demand which resulted in higher prices for housing. Just total idiocy.

jpete · By: **jpete** On: Mon Nov 26, 2012 12:34 am

franco b wrote:
jpete wrote:If FNMA has worked to lower housing prices, how did we have a housing bubble? Maybe we don't need them if that's the kind of job they do.

They did not work to lower prices they did just the opposite. What they did do was make it easier to get financing which created higher demand which resulted in higher prices for housing. Just total idiocy.

Really? I gotta stop reading things on the internet. Someone told me their job was to lower housing prices.

SteveZee · By: **SteveZee** On: Mon Nov 26, 2012 9:20 am

[/quote]And I don't want to "try" to control prices, I want what is being called for in this thread. A hard cap on "necessary" commodities. Food, shelter and clothing are the only things I REALLY need. I want a government controlled price.[/quote]

That's very "socialist" of you Jeff.

samhill · By: **samhill** On: Mon Nov 26, 2012 9:38 am

I can recall a time when higher demand created more & faster production & actually lowered the prices. Maybe the greed factor wasn't as great then, Henry Ford did that very thing with autos. If you manufacture & are happy with a fixed% profit you would probably make more profit by making more product. If your a reseller which would you rather do sell more & maybe get a better deal or sell less & most likely have to pay more per item, the urge to raise price & increase profit is there but does it always work? I knew a man that had a very successful business & his idea was that he would rather make a penny on 25 items than a quarter on one, he did extremely well for himself.

lsayre · By: **lsayre** On: Mon Nov 26, 2012 11:30 am

samhill wrote:I can recall a time when higher demand created more & faster production & actually lowered the prices. Maybe the greed factor wasn't as great then, Henry Ford did that very thing with autos. If you manufacture & are happy with a fixed% profit you would probably make more profit by making more product. If your a reseller which would you rather do sell more & maybe get a better deal or sell less & most likely have to pay more per item, the urge to raise price & increase profit is there but does it always work? I knew a man that had a very successful business & his idea was that he would rather make a penny on 25 items than a quarter on one, he did extremely well for himself.

Coin money was still 90% silver by weight back then, and the link to gold still existed back then also. Things are different in a world of imaginary money.

Northern Maine · By: **Northern Maine** On: Mon Nov 26, 2012 11:34 am

Money is only loaned to a man. He comes into the world with nothing and he leaves with nothing!

samhill · By: **samhill** On: Mon Nov 26, 2012 12:06 pm

There is only a certain amount of gold & silver on the planet, I really don't think it makes much difference what the money is made of as long as it's an accepted form. There is far more U.S. money to ever be worth gold again, everyone would need an electron microscope to be able to see their 5K piece of gold dust. Maybe that's why they keep looking for that golden planet, it's said that the gold on earth is from asteroid strikes, once all is found there ain't no more. For something that so many here deem as worthless I don't see anyone throwing it away or refusing to accept it. By throwing it away I mean literally not just buying crap they don't need. :lol:

Northern Maine · By: **Northern Maine** On: Mon Nov 26, 2012 12:15 pm

I had a co-worker that completed a tour in Irag 3 years ago and in his "duties" the found nearly a million dollars of undocumented U.S. dollars (not counterfeit) in the possession of a shiek!

I imagine that this is not a one time thing...but it seems that U.S. monetary instruments are sought after for a reason!

samhill · By: **samhill** On: Mon Nov 26, 2012 12:30 pm

There were billions of U.S. dollars found all shrink wrapped on pallets after all it was the only currency that could buy oil, it seems there is a lot of discrepancy over what happened to all that money, most some how or another got lost. There was an awful lot of gold that went missing from Nam, a lot is said to have been delivered to the Vatican for safe keeping. :roll:

Looked it up & it now seems that much has now somehow been found & given to Iraq & some was used to pay for the war & contractors, but then what happened to the tax dollars that were used for the same?

http://security.blogs.cnn.com/2011/10/2 ... 6-billion/

jpete · By: **jpete** On: Mon Nov 26, 2012 1:47 pm

samhill wrote:There is only a certain amount of gold & silver on the planet, I really don't think it makes much difference what the money is made of as long as it's an accepted form. There is far more U.S. money to ever be worth gold again, everyone would need an electron microscope to be able to see their 5K piece of gold dust. Maybe that's why they keep looking for that golden planet, it's said that the gold on earth is from asteroid strikes, once all is found there ain't no more. For something that so many here deem as worthless I don't see anyone throwing it away or refusing to accept it. By throwing it away I mean literally not just buying crap they don't need.

Right now, an ounce of gold is "worth" just over 1700 Federal reserve Notes so saying that there will never be enough misses the point behind hard money.

Hard money tends to hold or increase in value so your purchasing power stays the same or goes up.

How do you think Ford was able to halve the price of a Model T during it's production run? It wasn't *JUST* cost saving from production efficiency. There was a time in this country when we trend toward deflation slightly.

The same amount of money in circulation but a boom in the number of things produced drives the price of each unit down.

Now Apple can make billions of iPhones and get higher prices for them because Helicopter Ben is churning out dollars faster than a 12 year old Chinaman can assemble electronic gizmos.

samhill · By: **samhill** On: Mon Nov 26, 2012 2:18 pm

The point is that gold coin is more valuable because of the gold content but if on the old gold standard that paper dollar "payable in gold" would still be a dollar bill. There is also collectors value on real coins because of limited production but it's still the same coin. Your not allowed by law to melt coin but we all know it happens, if on the other hand if there were to be a huge find of gold (which there won't) that same gold coin would be worth more in monetary value than metal value, the collector value would remain or increase. If you would take a payable in gold dollar bill to the bank do you think you would get gold?

jpete · By: **jpete** On: Mon Nov 26, 2012 7:46 pm

Of course not. Nixon put the last nail in that coffin.

But you said it yourself, if we were still on the gold standard a gold dollar coin would still be worth a dollar. Sounds like a pretty stable value if you ask me.

It's amazing that you guys don't even listen and think about what YOU say. I understand you think I'm wrong, but when we agree, what does that make you? Wrong?

Northern Maine · By: **Northern Maine** On: Mon Nov 26, 2012 8:01 pm

jpete wrote:Of course not. Nixon put the last nail in that coffin.

But you said it yourself, if we were still on the gold standard a gold dollar coin would still be worth a dollar. Sounds like a pretty stable value if you ask me.

It's amazing that you guys don't even listen and think about what YOU say. I understand you think I'm wrong, but when we agree, what does that make you? Wrong?

Self righteous: convinced of one's own righteousness especially in contrast with the actions and beliefs of others : narrow-mindedly moralistic! :roll:

samhill · By: **samhill** On: Mon Nov 26, 2012 8:10 pm

Ah Jpete, a dollar would be worth a dollar no matter what it's made of if the value was more or less that is what it would be worth, of a peep or cup of wheat whatever is used. What was used before there was money.

jpete · By: **jpete** On: Mon Nov 26, 2012 8:20 pm

Northern Maine wrote:
jpete wrote:Of course not. Nixon put the last nail in that coffin.

But you said it yourself, if we were still on the gold standard a gold dollar coin would still be worth a dollar. Sounds like a pretty stable value if you ask me.

It's amazing that you guys don't even listen and think about what YOU say. I understand you think I'm wrong, but when we agree, what does that make you? Wrong?

Self righteous: convinced of one's own righteousness especially in contrast with the actions and beliefs of others : narrow-mindedly moralistic!

To argue with a person who has renounced the use of reason is like administering medicine to the dead.

--Thomas Paine

Ron Paul likes price gouging, and the way he explains it, ..

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Re: Ron Paul likes price gouging, and the way he explains it, ..

Re: Ron Paul likes price gouging, and the way he explains it, ..

Re: Ron Paul likes price gouging, and the way he explains it, ..

Re: Ron Paul likes price gouging, and the way he explains it, ..

Re: Ron Paul likes price gouging, and the way he explains it, ..

Re: Ron Paul likes price gouging, and the way he explains it, ..

Re: Ron Paul likes price gouging, and the way he explains it, ..

Re: Ron Paul likes price gouging, and the way he explains it, ..

Re: Ron Paul likes price gouging, and the way he explains it, ..

Re: Ron Paul likes price gouging, and the way he explains it, ..

Re: Ron Paul likes price gouging, and the way he explains it, ..

Re: Ron Paul likes price gouging, and the way he explains it, ..

Re: Ron Paul likes price gouging, and the way he explains it, ..

Re: Ron Paul likes price gouging, and the way he explains it, ..