the price of gold
- dingo
- IAC Addict!
- Location: oregon - calif
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Re: the price of gold
"We should accept that deleveraging is ultimately unavoidable. If it comes with a period of deflation – so be it. But we will get neither. The system will be sustained at this stage of arrested collapse for as long as policymakers can get away with it. My outlook is that we will get even bigger central bank balance sheets (forget exit strategies! There is no exit!), we will get no sustained growth but inflation will creep higher.
The noisy advocates of easy money and of government stimulus always pretend to care for the unemployed youth. It is today’s youth that would have most to gain from a cleansing correction now, and it is those who already made their money and who sit on inflated assets and overstretched balance sheets that have most to gain from the central bank’s policy of extend and pretend. That is, until the whole thing goes pop anyway. Which won’t take too long."
The noisy advocates of easy money and of government stimulus always pretend to care for the unemployed youth. It is today’s youth that would have most to gain from a cleansing correction now, and it is those who already made their money and who sit on inflated assets and overstretched balance sheets that have most to gain from the central bank’s policy of extend and pretend. That is, until the whole thing goes pop anyway. Which won’t take too long."
'71 Kombi, 1600 dp
';78 Tranzporter 2L
" Fill what's empty, empty what's full, and scratch where it itches."
';78 Tranzporter 2L
" Fill what's empty, empty what's full, and scratch where it itches."
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- Getting Hooked!
- Location: Tracy, MN
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Re: the price of gold
Peace
'71 bus, stock running gear ex SVDA and pertronix
'71 bus, stock running gear ex SVDA and pertronix
- dingo
- IAC Addict!
- Location: oregon - calif
- Status: Offline
Re: the price of gold
Bernanke knows QE3 will fail, but he doesn't really care. His job is to protect the Fed's political power and the banking sector's wealth. He is doing an excellent job at his "real" job while failing catastrophically at his PR job of reviving the real economy and employment.
It's no secret that the Federal Reserve exists for one purpose--to protect the wealth and power of the banks. This can be illustrated by one question: does the Fed loan funds at 0% to households or communities? No. It loans "free money" at 0% to the banks so they can loan money to students at 7%.
When the banks get in trouble, the Fed rushes to loan them $29 trillion. When a student gets in financial trouble, he is hounded for the rest of his life by rapacious debt collectors.
Despite the transparency of its raison d'etre support of a neofeudal financial Aristocracy, the Fed presides in a nominal democracy and thus faces increasing political pressure as its public PR goals--maintaining stable prices, i.e. moderate inflation, and full employment--are clearly not being met.
The Fed thus needs to "manage perceptions" to maintain its facade of omnipotence and competence.
-C.H.Smith
It's no secret that the Federal Reserve exists for one purpose--to protect the wealth and power of the banks. This can be illustrated by one question: does the Fed loan funds at 0% to households or communities? No. It loans "free money" at 0% to the banks so they can loan money to students at 7%.
When the banks get in trouble, the Fed rushes to loan them $29 trillion. When a student gets in financial trouble, he is hounded for the rest of his life by rapacious debt collectors.
Despite the transparency of its raison d'etre support of a neofeudal financial Aristocracy, the Fed presides in a nominal democracy and thus faces increasing political pressure as its public PR goals--maintaining stable prices, i.e. moderate inflation, and full employment--are clearly not being met.
The Fed thus needs to "manage perceptions" to maintain its facade of omnipotence and competence.
-C.H.Smith
'71 Kombi, 1600 dp
';78 Tranzporter 2L
" Fill what's empty, empty what's full, and scratch where it itches."
';78 Tranzporter 2L
" Fill what's empty, empty what's full, and scratch where it itches."
- Amskeptic
- IAC "Help Desk"
- Status: Offline
Re: the price of gold
dingo wrote:Bernanke knows QE3 will fail, but he doesn't really care. The Fed thus needs to "manage perceptions" to maintain its facade of omnipotence and competence.
-C.H.Smith
I get the sense that there is doom under the carpet. We cannot bring outrselves to discuss it, because a raging argument would break out. Capitalism is under stress as its model of limitless expansion meets a very finite and crowded world. There is a sustainable model waiting to be discovered.
Colin
BobD - 78 Bus . . . 112,730 miles
Chloe - 70 bus . . . 217,593 miles
Naranja - 77 Westy . . . 142,970 miles
Pluck - 1973 Squareback . . . . . . 55,600 miles
Alexus - 91 Lexus LS400 . . . 96,675 miles
Chloe - 70 bus . . . 217,593 miles
Naranja - 77 Westy . . . 142,970 miles
Pluck - 1973 Squareback . . . . . . 55,600 miles
Alexus - 91 Lexus LS400 . . . 96,675 miles
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- Getting Hooked!
- Location: Tracy, MN
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Re: the price of gold
I reckon you've got that right ex the "because a raging argument would break out" part, it seems that complacency, a sense of powerlessness, and short-sightedness are more significant reasons.Amskeptic wrote: I get the sense that there is doom under the carpet. We cannot bring outrselves to discuss it, because a raging argument would break out. Capitalism is under stress as its model of limitless expansion meets a very finite and crowded world. There is a sustainable model waiting to be discovered.
Colin
Here's the link to the entire article Dingo quoted from:
http://charleshughsmith.blogspot.com/20 ... ailed.html
Peace
'71 bus, stock running gear ex SVDA and pertronix
'71 bus, stock running gear ex SVDA and pertronix
- Westy78
- IAC Addict!
- Location: Stumptown OR
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Re: the price of gold
But can it be accomplished with the current rate of population expansion?Amskeptic wrote:dingo wrote:Bernanke knows QE3 will fail, but he doesn't really care. The Fed thus needs to "manage perceptions" to maintain its facade of omnipotence and competence.
-C.H.Smith
I get the sense that there is doom under the carpet. We cannot bring outrselves to discuss it, because a raging argument would break out. Capitalism is under stress as its model of limitless expansion meets a very finite and crowded world. There is a sustainable model waiting to be discovered.
Colin
Chorizo, it's what's for breakfast.
- Amskeptic
- IAC "Help Desk"
- Status: Offline
Re: the price of gold
We are actually self-correcting. Look at international birthrates. We of industrialized economies are no longer even replacing ourselves, Africa is beginning to level out, the contraction point is guesstimated at the 12 billion to 17 billion point, clearly a stressful number. Apparently, the signal-to-noise ratio of modern life extinguishes the large farm family model for a little family of one offspring, if that.Westy78 wrote:But can it be accomplished with the current rate of population expansion?Amskeptic wrote:dingo wrote:Bernanke knows QE3 will fail, but he doesn't really care. The Fed thus needs to "manage perceptions" to maintain its facade of omnipotence and competence.
-C.H.Smith
I get the sense that there is doom under the carpet. We cannot bring outrselves to discuss it, because a raging argument would break out. Capitalism is under stress as its model of limitless expansion meets a very finite and crowded world. There is a sustainable model waiting to be discovered.
Colin
Colin
BobD - 78 Bus . . . 112,730 miles
Chloe - 70 bus . . . 217,593 miles
Naranja - 77 Westy . . . 142,970 miles
Pluck - 1973 Squareback . . . . . . 55,600 miles
Alexus - 91 Lexus LS400 . . . 96,675 miles
Chloe - 70 bus . . . 217,593 miles
Naranja - 77 Westy . . . 142,970 miles
Pluck - 1973 Squareback . . . . . . 55,600 miles
Alexus - 91 Lexus LS400 . . . 96,675 miles
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- Status: Offline
Re: the price of gold
Saw a movie recently
"In Time"
Your lifetime is your currency
"In Time"
Your lifetime is your currency
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- Getting Hooked!
- Location: Tracy, MN
- Status: Offline
Re: the price of gold
End of the Road: How Money Became Worthless
http://www.economicreason.com/goldismon ... worthless/
A great, viewable online, 2012, 55 min film tying together The Price of Gold, Fiat Currency History, Bailouts, Inflation, The Dollar, The Federal Reserve, Money Printing, Ponzi Schemes, Financial Education and Responsibility, and Financial Collapse.
http://www.economicreason.com/goldismon ... worthless/
A great, viewable online, 2012, 55 min film tying together The Price of Gold, Fiat Currency History, Bailouts, Inflation, The Dollar, The Federal Reserve, Money Printing, Ponzi Schemes, Financial Education and Responsibility, and Financial Collapse.
Wall Street is being occupied. Europe is collapsing in on itself. Around the world, people are consumed by fear and anger, and one question is on everyone’s lips: Is the financial crisis over, or are we headed towards economic disaster? End of the Road is a documentary that chronicles the global financial collapse. Told in an entertaining and easy to follow style, the film tells the story of how the world came to be in such a state, from the seeds sown after WW2, to the current troubles facing us today, and to the possible future that may await us all. Some of the world’s top economic minds share the hidden tale behind the mishandling of the world’s finances, give insight into how bad policy and a flawed monetary system joined together to create a catastrophe, as well as sharing their own personal advice on how the average person can best prepare for their financial future.
Peace
'71 bus, stock running gear ex SVDA and pertronix
'71 bus, stock running gear ex SVDA and pertronix
- dingo
- IAC Addict!
- Location: oregon - calif
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Re: the price of gold
great vid...explains it all very clearly..the system is rotted to the core. ...the entire American experiment has to be re-engineered from the ground up.
'71 Kombi, 1600 dp
';78 Tranzporter 2L
" Fill what's empty, empty what's full, and scratch where it itches."
';78 Tranzporter 2L
" Fill what's empty, empty what's full, and scratch where it itches."
- glasseye
- IAC Addict!
- Location: Kootenays, BC
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Re: the price of gold
Ronald Wright, who wrote "Stolen Continents", a shocking book on how Europeans raped and pillaged their way through native cultures in the Americas, has some good things to say in this article. Highly recommended.Amskeptic wrote: Capitalism is under stress as its model of limitless expansion meets a very finite and crowded world. There is a sustainable model waiting to be discovered.
Colin
http://truth-out.org/opinion/item/13891 ... our-future
Unfortunately, if history is any lesson, we'll keep on keeping on until it breaks. And then, it's gonna be reeeeeely hard to fix.
"This war will pay for itself."
Paul Wolfowitz, speaking of Iraq.
Paul Wolfowitz, speaking of Iraq.
- Amskeptic
- IAC "Help Desk"
- Status: Offline
Re: the price of gold
Better get rid of that Sprinter and snag a 1967-74 Volkswagen. You can fix that.glasseye wrote:we'll keep on keeping on until it breaks. And then, it's gonna be reeeeeely hard to fix.
Colin
BobD - 78 Bus . . . 112,730 miles
Chloe - 70 bus . . . 217,593 miles
Naranja - 77 Westy . . . 142,970 miles
Pluck - 1973 Squareback . . . . . . 55,600 miles
Alexus - 91 Lexus LS400 . . . 96,675 miles
Chloe - 70 bus . . . 217,593 miles
Naranja - 77 Westy . . . 142,970 miles
Pluck - 1973 Squareback . . . . . . 55,600 miles
Alexus - 91 Lexus LS400 . . . 96,675 miles
- glasseye
- IAC Addict!
- Location: Kootenays, BC
- Status: Offline
Re: the price of gold
Amskeptic wrote:Better get rid of that Sprinter and snag a 1967-74 Volkswagen. You can fix that.glasseye wrote:we'll keep on keeping on until it breaks. And then, it's gonna be reeeeeely hard to fix.
Colin
Aghh! Bite yo' tongue, sir!
"Just a sec. I got it. Lemme see, It's right here on the PDF. Page 1554: Engine Control Unit CAN bus multiplexer diagnostic procedures..."
"This war will pay for itself."
Paul Wolfowitz, speaking of Iraq.
Paul Wolfowitz, speaking of Iraq.
- BellePlaine
- IAC Addict!
- Location: Minnesota
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Re: the price of gold
I was recently introduced to the concept of money as debt, meaning a dollar represents something owed by someone to someone. The expanding money supply represents increasing debt. Those debts are borne by the underclasses, and owed to the elites. I think that there is truth in it. The kicker is that even though the supply of money grows, it becomes harder and harder to come by for those of us in debt. The reason is because when one of those big Federal Reserve banks creates money and then loans it out, the bank also gets interest on that loan. The interest wasn’t included in the creation of the money for the original loan. Money/wealth gets transferred.
1975 Riviera we call "Spider-Man"
- Amskeptic
- IAC "Help Desk"
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Re: the price of gold
Ouch to hell, good point.BellePlaine wrote: when one of those big Federal Reserve banks creates money and then loans it out,
the bank also gets interest on that loan.
The interest wasn’t included in the creation of the money for the original loan.
Money/wealth gets transferred.
Colin
BobD - 78 Bus . . . 112,730 miles
Chloe - 70 bus . . . 217,593 miles
Naranja - 77 Westy . . . 142,970 miles
Pluck - 1973 Squareback . . . . . . 55,600 miles
Alexus - 91 Lexus LS400 . . . 96,675 miles
Chloe - 70 bus . . . 217,593 miles
Naranja - 77 Westy . . . 142,970 miles
Pluck - 1973 Squareback . . . . . . 55,600 miles
Alexus - 91 Lexus LS400 . . . 96,675 miles