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About room305

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  1. room305

    A question for gold bulls

    I'll have to introduce you to a few Estate Agents ...
  2. room305

    A question for gold bulls

    If we define inflation as an increase in the supply of money and credit, then given how vastly the amount of credit exceeds money in a modern financial system, then a collapse in the expansion of credit in almost inevitably result in deflation. If your definition of inflation is different then we may be talking at cross purposes. The figure that comes to mind (I cannot remember or verify the reference I'm afraid) is that the actual base money supply (cash) makes up less than 2% of the overall total broad money supply (which includes credit).
  3. room305

    A question for gold bulls

    AceofKY, you seem to make no distinction between money and credit. You can only expand credit so long as there is a demand for it. You can expand the base money supply (printing physical cash) regardless of demand. Credit expansions collapse when the appetite for borrowing wanes (deflation) and expansions of the base money supply collapse when people reject the currency (hyperinflation).
  4. room305

    A question for gold bulls

    I could be wrong but don't many Austrian economists take account of the velocity of money? By the strict Austrian definition you refer to, Japan never underwent deflation (as broad money supply continued to expand) but of course an expanding money supply doesn't push up prices if everyone is hoarding the stuff and unwilling to spend or lend it. We seem to seeing something of the same phenomenon by banks during the current credit crisis.
  5. room305

    A question for gold bulls

    I'm gonna go with 4, although there is certainly an element of 3 in my decision to purchase gold. I think that we are likely now entering a period of deflation rather than sustained inflation and that must governments will act to try and prevent this by devaluing their currency - be it Euro, dollar or Yen. One measure of protection in this regard is to own a currency with no government liability i.e. gold.
  6. room305

    Dollar Bottom At Hand?

    Looks like that $2.10 level didn't provide much resistance for the dollar against sterling. Surely even Boom Boom is getting a little panicked now? Although it is hard to imagine there's anything they can do to stop this slide.
  7. Not necessarily. The amount of money the US government will save from not spending on war, medicaid etc. will allow the government to start paying back debts. America is addicted to credit but as we now know, addicts can be rehabilitated without needing to hit "rock bottom".
  8. room305

    Dollar Bottom At Hand?

    Good point. If this indeed marks the top then the correction may retrace to €1.41 or even all the way to €1.36, which is a 50% tracement from top to bottom based on this chart.
  9. room305

    Dollar Bottom At Hand?

    Staring into the abyss stuff for the dollar now. Gold up over $20 in premarket.
  10. Now that is certainly odd. Had a squiz on Google and it does appear to be attracting a lot of comment but nobody has a clue why it would be blocked. However, it is not something that has ever happened on CSPAN before. However, Ron Paul has correctly mentioned on several occasions that America would have a much stronger defence even they brought all their overseas troops back home. Maybe it was the fact that China was specifically being mentioned? Strange stuff anyway.
  11. room305

    An inconvenient messenger

    Gore's solution to global warming is highly politicized since it is basically a rebranding of Marxism. If tomorrow a solution to global warming was found that allowed developing nations to continue to industrialise and developed nations to continue to consume, you can bet Gore and most his followers would be very unhappy.
  12. room305


    To add to the bullish backdrop for silver. the Mexican economy is showing some severe strain. They produce some 15% of the world's annual silver production so if they tank ...
  13. I think it's often a regulatory rather than a technological issue. A WiFi mesh might be implemented in city specifically to avoid the need to avail of DSL/cable which may be provided by an incumbent. Or it can be used in a remote rural village, with a mesh linked to a satellite connection, or I've seen it used to extend the range of WiMax solutions. Either way, they tend to be very specific situations, so the the original premise as a "disruptive" technology seems generous at best.
  14. Nah, that was different bunch of crooks - Enron. This is much fuzzier though, based on bandwidth sharing - your node relays packets for other nodes and they reciprocate in kind. Although an infrastructure mesh mightn't have this facility. In the most general sense, it's a network where all the nodes are connected to each other. However, the process of traversing multiple wireless hops tends to introduce very heavy and (more importantly) highly variable delays.