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Re: Snappy

By: Decomposed in POPE | Recommend this post (0)
Wed, 13 Jun 12 7:58 PM | 48 view(s)
Boardmark this board | (The) Pope's for real stock market report 		Msg. 60922 of 65535
(This msg. is a reply to 60918 by Decomposed)
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Snapits,

Now you've gone and gotten me to thinking. Why'd you have to do that?

GDP is *not* a good measure of national well being. Right after I posted the previous message, I recalled that GDP is a function of government spending.

Mull that over for a while. The more debt the government incurs, the higher the GDP goes!

It's pretty messed up, and makes a strong argument that it is difficult to measure the actual national health.

Once upon a time, it would have simply been income. But when income is measured in a currency that has a value decided upon each day by the government, it becomes a meaningless number!

I'm over here scratching my head. But so is everyone else. That's why, even though we can all tell things are getting worse, we don't know when, precisely, panic sets in and the bottom falls out.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:
Re: Snappy
By: Decomposed in POPE
Wed, 13 Jun 12 7:52 PM 		Msg. 60918 of 65535

Snapits,

re: "Standard of living is a better measure, but I guess more difficult to determine."

Price inflation is IMPOSSIBLE to measure. Nothing gets harder than impossible.

But "standard of living" is almost as bad. How do you measure something that is subjective?

To what extent is a standard of living buoyed by technological improvements?

But here's the real problem.

To what extent is a standard of living buoyed through the use of DEBT? By pillaging the nation of its savings and saddling future generations with the fiscal slavery that comes with having to pay for a prior generation's spending?

Naw, it's not standard of living that matters. What matters is the long-term trend for GDP, as measured in something static. Inflation adjusted (Year 2000) dollars aren't a bad choice for this static measure. Neither is gold... land... oil... or most anything else which has shown itself over time to have inherent value.

The trend, when so measured, is not good. Not good at all.

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