muses of the moment

September 28, 2011

Alf Field’s son talks about his famous dad and economics

Filed under: Fiat Currency, Hyperinflation, The Banking Crisis, The Dollar Crisis, The Financial Crisis — Tags: — totallygroovygirlfriday @ 1:06 am

Click here for a post written by Alf Field’s son at thebookboxer (sent to me via the muses comment section). He discusses fiat money and his dad’s economic vision. His post has very good links to Alf’s papers and videos. Very informative resource.

Groovygirl found it most interesting (and so sad) that Mr. Field’s son, Greg, took a graduate class in Applied Finance and not once learned anything about the history of money. Everything he learned about monetary history, he learned from his father. Wow, no wonder we are doomed to repeat every mistake of past global money systems. We are doomed.

Side musing: groovygirl has no way of personally verifying that this is indeed Alf’s son. But judging from the text and videos, this post is consistent with other published ideas and videos of Mr. Field.

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5 Comments »

  1. I am Greg – Alf Field’s oldest son. It doesn’t really matter who I am though, I just wanted people to recognise the issues the (financial) world is facing. I would also add that I think the planet (not just the USA) faces greater dangers at the moment than fiscal collapse. My next post looks at fact that we are running out of time to address the ecological disaster that overpopulation and hyperconsumption have created. Thank you for linking to my post groovygirl, I appreciate it.

    Comment by thebookboxer — September 28, 2011 @ 7:15 pm

  2. Greg,

    If you send me links to your posts regarding economics, I would be happy to read and continue to link.

    gg

    Comment by totallygroovygirlfriday — September 29, 2011 @ 11:44 am

  3. Great – thanks Groovygirl, will do.

    Bb

    Comment by Sunset Books (@sunsetbooks) — September 29, 2011 @ 7:07 pm

  4. Hi Louis – your comments are well reasoned and I don’t class myself as a pessimist. I note you say there are misallocations of resources due to politics. I agree with that but would also point out that those misallocations are also a result of economic inequity. Anyway – I have gone back to my bookboxing for my most recent post which also looks at some of these issues albeit in a somewhat unusual manner at http://thebookboxer.wordpress.com/ .

    Kind regards
    Greg Field

    Comment by thebookboxer — October 5, 2011 @ 2:43 am

  5. I so wish Alf would continue providing EW updates for gold! I understand he did not want people to sell on the corrections, but for some of us, we only wanted to know here to best add to positions. Maybe greg can help me with this, but my understanding is that we are in minor 2 of wave 3 and eventhough Alf originally called for a 16-22% correction, I think he probably had to rework that to a larger percent correction, as he did not expect the upswing to 1924 to be so large(no gold 2 in this bull has retraced less than 39% of the wave 1, and that would mean at least 1440). I am thinking we have undergone wave A and almost all, if not all, of wave B of an ABC and now wave C of 2 down should bring us to maybe 1380ish, based on both simple TA of a bear flag demarcating the midway point, and the EW guideline that an extended fifth retraces to the bottom of the prior subwave 2. Greg, do you think this is reasonable?

    Comment by gideon — November 5, 2011 @ 7:15 pm


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