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Prisoner#1
Even Dumber ThanAdvertized!


Registered: 01/22/03
Posts: 193,665
Loc: Pvt. Pubfag NutSuck
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Re: The Day The Dollar Dies? [Re: Asante]
#21914316 - 07/08/15 10:15 AM (8 years, 6 months ago) |
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bill and hillary clinton were so poor when they left the whitehouse that they had to steal the furniture and keys from the keyboards in order to pay for the fuel for their private jet
http://www.cbsnews.com/news/report-al-gores-net-worth-at-200-million/
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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: The Day The Dollar Dies? [Re: Prisoner#1]
#21914347 - 07/08/15 10:22 AM (8 years, 6 months ago) |
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He is right, asante. However you do have a good point about the rich ruining it for everyone else. Not just the rich but the super rich. The average guy with a net worth of $1 million is not one of those. He is just a middle class laborer but has a better job than most or is a good investor. The ones ruining the world are those with so much money they can never spend it all but their greed is insatiable.
In usa as in Europe bribery is what gets the laws passed that favor big companies, ruin the environment and pollute the food supply as well as taking away our liberties bit by bit.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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KauaiOrca
Waterman


Registered: 08/12/08
Posts: 3,131
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Re: The Day The Dollar Dies? [Re: Asante]
#21914361 - 07/08/15 10:26 AM (8 years, 6 months ago) |
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Quote:
Asante said: The dollar is backed by being the worlds reserve currency and the world is having second thoughts about that.
It's all relative. What will they replace it with? What currency is more stable, reliable and trusted? Currencies compete and the dollar is the strongest competitor.
It is nowhere near failing. Not even close. On the contrary, the competing currencies (Euro, Yuan, Yen) are less stable and reliable.
Any idiot that thinks we're going back to some kind of precious metals "standard" has no idea whatsoever how the global financial system works.
There will be debt "resets" in the future both at the country and global level … that doesn't mean a collapse.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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psi
TOAST N' JAM


Registered: 09/05/99
Posts: 31,456
Loc: 613
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Re: The Day The Dollar Dies? [Re: Stonehenge]
#21914385 - 07/08/15 10:35 AM (8 years, 6 months ago) |
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Quote:
Stonehenge said: The reason the dollar will never drop to zero or be rejected is because we have so many things you can buy with dollars.
So we know for sure that the currency will never ever fail, because currently goods can be bought with it?
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Asante
Mage


Registered: 02/06/02
Posts: 86,797
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Re: The Day The Dollar Dies? [Re: psi]
#21914402 - 07/08/15 10:42 AM (8 years, 6 months ago) |
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That point's hard to argue against isnt it?
-------------------- Omnicyclion.org higher knowledge starts here
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psi
TOAST N' JAM


Registered: 09/05/99
Posts: 31,456
Loc: 613
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Re: The Day The Dollar Dies? [Re: Asante] 1
#21914414 - 07/08/15 10:45 AM (8 years, 6 months ago) |
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If only there were some counterexample of a currency that once was usable to buy goods, but failed later on. I'm stumped.
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 2 hours, 52 minutes
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Re: The Day The Dollar Dies? [Re: KauaiOrca]
#21914419 - 07/08/15 10:48 AM (8 years, 6 months ago) |
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Quote:
KauaiOrca said:
Quote:
Asante said: The dollar is backed by being the worlds reserve currency and the world is having second thoughts about that.
It's all relative. What will they replace it with? What currency is more stable, reliable and trusted? Currencies compete and the dollar is the strongest competitor.
It is nowhere near failing. Not even close. On the contrary, the competing currencies (Euro, Yuan, Yen) are less stable and reliable.
Any idiot that thinks we're going back to some kind of precious metals "standard" has no idea whatsoever how the global financial system works.
There will be debt "resets" in the future both at the country and global level … that doesn't mean a collapse.
Well said, but why would someone who thinks a gold standard is a option in the future "has no idea whatsoever how the global financial system works"?
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KauaiOrca
Waterman


Registered: 08/12/08
Posts: 3,131
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Re: The Day The Dollar Dies? [Re: qman]
#21914463 - 07/08/15 11:02 AM (8 years, 6 months ago) |
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Quote:
qman said:
Quote:
KauaiOrca said:
Quote:
Asante said: The dollar is backed by being the worlds reserve currency and the world is having second thoughts about that.
It's all relative. What will they replace it with? What currency is more stable, reliable and trusted? Currencies compete and the dollar is the strongest competitor.
It is nowhere near failing. Not even close. On the contrary, the competing currencies (Euro, Yuan, Yen) are less stable and reliable.
Any idiot that thinks we're going back to some kind of precious metals "standard" has no idea whatsoever how the global financial system works.
There will be debt "resets" in the future both at the country and global level … that doesn't mean a collapse.
Well said, but why would someone who thinks a gold standard is a option in the future "has no idea whatsoever how the global financial system works"?
Because currencies compete. Gold and silver and precious stones will always remain a way or alternative to compact wealth but in terms of them REPLACING the electro-sparko currency trading systems of the global financial system, it just isn't going to happen. People will be able to buy gold and silver and do what they want with it, but it just isn't practical to be fork lifting bars of metal from one room to another every second to account for some global reserve system based on these bars of melted rocks.
The time of gold and silver as a primary exchange of compacted wealth came and went. It's a niche now, but not the main enchilada. There simply isn't enough gold or silver on the planet to be used as a primary exchange source and if it was, the cost of goods would go absolutely parabolic and give the wealthy complete control of everything. Thank GOD we have moved beyond the constrictions of a limited precious metals money system. It's just a niche currency now, that's all.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 2 hours, 52 minutes
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Re: The Day The Dollar Dies? [Re: KauaiOrca] 1
#21914484 - 07/08/15 11:08 AM (8 years, 6 months ago) |
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Quote:
KauaiOrca said:
Quote:
qman said:
Quote:
KauaiOrca said:
Quote:
Asante said: The dollar is backed by being the worlds reserve currency and the world is having second thoughts about that.
It's all relative. What will they replace it with? What currency is more stable, reliable and trusted? Currencies compete and the dollar is the strongest competitor.
It is nowhere near failing. Not even close. On the contrary, the competing currencies (Euro, Yuan, Yen) are less stable and reliable.
Any idiot that thinks we're going back to some kind of precious metals "standard" has no idea whatsoever how the global financial system works.
There will be debt "resets" in the future both at the country and global level … that doesn't mean a collapse.
Well said, but why would someone who thinks a gold standard is a option in the future "has no idea whatsoever how the global financial system works"?
Because currencies compete. Gold and silver and precious stones will always remain a way or alternative to compact wealth but in terms of them REPLACING the electro-sparko currency trading systems of the global financial system, it just isn't going to happen. People will be able to buy gold and silver and do what they want with it, but it just isn't practical to be fork lifting bars of metal from one room to another every second to account for some global reserve system based on these bars of melted rocks.
The time of gold and silver as a primary exchange of compacted wealth came and went. It's a niche now, but not the main enchilada. There simply isn't enough gold or silver on the planet to be used as a primary exchange source and if it was, the cost of goods would go absolutely parabolic and give the wealthy complete control of everything. Thank GOD we have moved beyond the constrictions of a limited precious metals money system. It's just a niche currency now, that's all.
"There simply isn't enough gold or silver on the planet to be used as a primary exchange source"
Yes there is, it doesn't matter how much metal there is, it's at what price.
I don't think you really understand how a gold standard works, it's not about moving around metal all day long.
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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: The Day The Dollar Dies? [Re: KauaiOrca]
#21914490 - 07/08/15 11:11 AM (8 years, 6 months ago) |
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Yet gold and silver are in big demand. Imagine that! When inflation hits from all the qe they are doing then pm's and other commodities shoot up in price. What happens to the dollars or worse yet the euros in your pocket? Sorry, you lose. Gold may hit $5000+
Bitcoins are moving up as we speak. Here is a free tip, buy btc and sell as soon as they double in price. You may quote me later on that but of course no one will unless it takes a long time to go up. And when it does, I will be laughed at for saying just double your money when they skyrocket maybe 4 or 5 times todays value.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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KauaiOrca
Waterman


Registered: 08/12/08
Posts: 3,131
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Re: The Day The Dollar Dies? [Re: qman]
#21914495 - 07/08/15 11:14 AM (8 years, 6 months ago) |
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Quote:
qman said:
"There simply isn't enough gold or silver on the planet to be used as a primary exchange source"
Yes there is, it doesn't matter how much metal there is, it's at what price.
I don't think you really understand how a gold standard works, it's not about moving around metal all day long. 
If we went to a global gold standard, the global monetary supply would most likely shrink dramatically causing a global depression unlike anything the planet has ever seen.
Gold and silver will remain a COMPETING currency and that's about it. Why would we want to peg the value of the dollar to the value of shiny rocks vaulted in some giant underground caves? What is the point? What problem would that solve?
The global derivatives market RIGHT NOW is estimated at over 850 TRILLION dollars. How would a global gold reserve deal with that?
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 2 hours, 52 minutes
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Re: The Day The Dollar Dies? [Re: KauaiOrca]
#21914506 - 07/08/15 11:17 AM (8 years, 6 months ago) |
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Quote:
KauaiOrca said:
Quote:
qman said:
"There simply isn't enough gold or silver on the planet to be used as a primary exchange source"
Yes there is, it doesn't matter how much metal there is, it's at what price.
I don't think you really understand how a gold standard works, it's not about moving around metal all day long. 
If we went to a global gold standard, the global monetary supply would most likely shrink dramatically causing a global depression unlike anything the planet has ever seen.
Gold and silver will remain a COMPETING currency and that's about it. Why would we want to peg the value of the dollar to the value of shiny rocks vaulted in some giant underground caves? What is the point? What problem would that solve?
The global derivatives market RIGHT NOW is estimated at over 850 TRILLION dollars. How would a global gold reserve deal with that?
When you can't devalue your currency against another paper currency, there's only one alternative left, devalue relative to gold. Remember 1934?
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KauaiOrca
Waterman


Registered: 08/12/08
Posts: 3,131
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Re: The Day The Dollar Dies? [Re: Stonehenge]
#21914509 - 07/08/15 11:18 AM (8 years, 6 months ago) |
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Quote:
Stonehenge said: Yet gold and silver are in big demand. Imagine that! When inflation hits from all the qe they are doing then pm's and other commodities shoot up in price. What happens to the dollars or worse yet the euros in your pocket? Sorry, you lose. Gold may hit $5000+
Bitcoins are moving up as we speak. Here is a free tip, buy btc and sell as soon as they double in price. You may quote me later on that but of course no one will unless it takes a long time to go up. And when it does, I will be laughed at for saying just double your money when they skyrocket maybe 4 or 5 times todays value.
Gold and silver in great demand? Then why has the price dropped 30% when other markets are going up? More in demand than shares of Apple, Netflix, Tesla and Facebook? More in demand than treasuries? Come on, get serious. Gold is a relatively small percentage of the portfolios of the people with real money. Gold and silver have been steadily selling off since July 2011 when people finally stopped buying into the end of the world nonsense. The prices will keep falling because there are much better investments.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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saenchai
Stranger
Registered: 10/05/14
Posts: 238
Last seen: 7 years, 1 month
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Re: The Day The Dollar Dies? [Re: qman]
#21914513 - 07/08/15 11:19 AM (8 years, 6 months ago) |
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They will use the economic collapse as an excuse to start agenda 21 same way they used 9 11 to stop recognizing our constitutional rights. This country is going to turn into a literal prison. What good is wealth retention without freedom to do shit or risk of getting your savings confiscated? If I don't get out in time, I've made peace with being depopulated. I will try to take one or two officer phaggots out with me who are enforcing martial law and trying to force me into a FEMA camp. Nwo will fail in the long run I believe but its gonna be messy. They are finally going to try to go full 1984. Let's see how the populace reacts
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 2 hours, 52 minutes
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Re: The Day The Dollar Dies? [Re: KauaiOrca]
#21914522 - 07/08/15 11:21 AM (8 years, 6 months ago) |
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Quote:
KauaiOrca said:
Quote:
Stonehenge said: Yet gold and silver are in big demand. Imagine that! When inflation hits from all the qe they are doing then pm's and other commodities shoot up in price. What happens to the dollars or worse yet the euros in your pocket? Sorry, you lose. Gold may hit $5000+
Bitcoins are moving up as we speak. Here is a free tip, buy btc and sell as soon as they double in price. You may quote me later on that but of course no one will unless it takes a long time to go up. And when it does, I will be laughed at for saying just double your money when they skyrocket maybe 4 or 5 times todays value.
Gold and silver in great demand? Then why has the price dropped 30% when other markets are going up? More in demand than shares of Apple, Netflix, Tesla and Facebook? More in demand than treasuries? Come on, get serious. Gold is a relatively small percentage of the portfolios of the people with real money. Gold and silver have been steadily selling off since July 2011 when people finally stopped buying into the end of the world nonsense. The prices will keep falling because there are much better investments.
The price fell because there's not much need to buy an inflationary hedge (gold) when all developed economies are experiencing deflation for the most part.
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KauaiOrca
Waterman


Registered: 08/12/08
Posts: 3,131
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Re: The Day The Dollar Dies? [Re: qman]
#21914526 - 07/08/15 11:22 AM (8 years, 6 months ago) |
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Quote:
qman said:
Quote:
KauaiOrca said:
Quote:
qman said:
"There simply isn't enough gold or silver on the planet to be used as a primary exchange source"
Yes there is, it doesn't matter how much metal there is, it's at what price.
I don't think you really understand how a gold standard works, it's not about moving around metal all day long. 
If we went to a global gold standard, the global monetary supply would most likely shrink dramatically causing a global depression unlike anything the planet has ever seen.
Gold and silver will remain a COMPETING currency and that's about it. Why would we want to peg the value of the dollar to the value of shiny rocks vaulted in some giant underground caves? What is the point? What problem would that solve?
The global derivatives market RIGHT NOW is estimated at over 850 TRILLION dollars. How would a global gold reserve deal with that?
When you can't devalue your currency against another paper currency, there's only one alternative left, devalue relative to gold. Remember 1934?
Global currencies reset every MILLISECOND and are valued according to buyers and sellers. It is an incredibly fair system. Same is true with gold/silver. Supply, demand constantly tell us what dollars, yuan, euros, pesos, yen, etc including gold/silver is worth. If you want to just buy and sell everything in gold and silver, you can. Why force everyone else to do it? What problem does that solve? If our government does stupid things with our currency, then traders will punish it … IMMEDIATELY. It is far too easy for a few really big players to control gold/silver prices which is why it is way too dangerous to peg the dollar or the global reserve currency to it.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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KauaiOrca
Waterman


Registered: 08/12/08
Posts: 3,131
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Re: The Day The Dollar Dies? [Re: qman]
#21914533 - 07/08/15 11:24 AM (8 years, 6 months ago) |
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Quote:
qman said:
Quote:
KauaiOrca said:
Quote:
Stonehenge said: Yet gold and silver are in big demand. Imagine that! When inflation hits from all the qe they are doing then pm's and other commodities shoot up in price. What happens to the dollars or worse yet the euros in your pocket? Sorry, you lose. Gold may hit $5000+
Bitcoins are moving up as we speak. Here is a free tip, buy btc and sell as soon as they double in price. You may quote me later on that but of course no one will unless it takes a long time to go up. And when it does, I will be laughed at for saying just double your money when they skyrocket maybe 4 or 5 times todays value.
Gold and silver in great demand? Then why has the price dropped 30% when other markets are going up? More in demand than shares of Apple, Netflix, Tesla and Facebook? More in demand than treasuries? Come on, get serious. Gold is a relatively small percentage of the portfolios of the people with real money. Gold and silver have been steadily selling off since July 2011 when people finally stopped buying into the end of the world nonsense. The prices will keep falling because there are much better investments.
The price fell because there's not much need to buy an inflationary hedge (gold) when all developed economies are experiencing deflation for the most part.
The price fell because of a big bubble that was created by fear popped. Given all the money (dollars, euros, yen, yuan) pumped into the global economy, traditional gold pricing theory would tell us that gold prices would be going through the roof, but they aren't … they are falling. Why? Because gold needs FEAR to go up. This is why so many people that buy into the bullets, rations and bunkers thinking dig gold. It's now about fear of collapse. There are many, many ways to hedge currency concerns. Gold is just one choice.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 2 hours, 52 minutes
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Re: The Day The Dollar Dies? [Re: KauaiOrca]
#21914538 - 07/08/15 11:27 AM (8 years, 6 months ago) |
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Quote:
KauaiOrca said:
Quote:
qman said:
Quote:
KauaiOrca said:
Quote:
qman said:
"There simply isn't enough gold or silver on the planet to be used as a primary exchange source"
Yes there is, it doesn't matter how much metal there is, it's at what price.
I don't think you really understand how a gold standard works, it's not about moving around metal all day long. 
If we went to a global gold standard, the global monetary supply would most likely shrink dramatically causing a global depression unlike anything the planet has ever seen.
Gold and silver will remain a COMPETING currency and that's about it. Why would we want to peg the value of the dollar to the value of shiny rocks vaulted in some giant underground caves? What is the point? What problem would that solve?
The global derivatives market RIGHT NOW is estimated at over 850 TRILLION dollars. How would a global gold reserve deal with that?
When you can't devalue your currency against another paper currency, there's only one alternative left, devalue relative to gold. Remember 1934?
Global currencies reset every MILLISECOND and are valued according to buyers and sellers. It is an incredibly fair system. Same is true with gold/silver. Supply, demand constantly tell us what dollars, yuan, euros, pesos, yen, etc including gold/silver is worth. If you want to just buy and sell everything in gold and silver, you can. Why force everyone else to do it? What problem does that solve? If our government does stupid things with our currency, then traders will punish it … IMMEDIATELY. It is far too easy for a few really big players to control gold/silver prices which is why it is way too dangerous to peg the dollar or the global reserve currency to it.
"It is an incredibly fair system"
In theory it should be, but what if China and others manipulate its currency lower, not so far anymore!
"way to dangerous to peg the dollar or global currency to it"
Gold is nothing more than a very powerful tool for central bankers if needed, there's nothing dangerous about it.
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KauaiOrca
Waterman


Registered: 08/12/08
Posts: 3,131
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Re: The Day The Dollar Dies? [Re: qman]
#21914552 - 07/08/15 11:31 AM (8 years, 6 months ago) |
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Quote:
qman said:
"It is an incredibly fair system"
In theory it should be, but what if China and others manipulate its currency lower, not so far anymore!
"way to dangerous to peg the dollar or global currency to it"
Gold is nothing more than a very powerful tool for central bankers if needed, there's nothing dangerous about it.
So you don't think investors moving billions around in currencies aren't watching China like a hawk? Don't they pay a price for that manipulation? That's why trading systems are fair. It allows buyers and sellers to come to terms with pricing. Pegging the dollar to gold will create enormous demand for gold/silver and that will drive the price of it way up. Of what value to anyone would that be?
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 2 hours, 52 minutes
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Re: The Day The Dollar Dies? [Re: KauaiOrca]
#21914553 - 07/08/15 11:31 AM (8 years, 6 months ago) |
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Quote:
KauaiOrca said:
Quote:
qman said:
Quote:
KauaiOrca said:
Quote:
Stonehenge said: Yet gold and silver are in big demand. Imagine that! When inflation hits from all the qe they are doing then pm's and other commodities shoot up in price. What happens to the dollars or worse yet the euros in your pocket? Sorry, you lose. Gold may hit $5000+
Bitcoins are moving up as we speak. Here is a free tip, buy btc and sell as soon as they double in price. You may quote me later on that but of course no one will unless it takes a long time to go up. And when it does, I will be laughed at for saying just double your money when they skyrocket maybe 4 or 5 times todays value.
Gold and silver in great demand? Then why has the price dropped 30% when other markets are going up? More in demand than shares of Apple, Netflix, Tesla and Facebook? More in demand than treasuries? Come on, get serious. Gold is a relatively small percentage of the portfolios of the people with real money. Gold and silver have been steadily selling off since July 2011 when people finally stopped buying into the end of the world nonsense. The prices will keep falling because there are much better investments.
The price fell because there's not much need to buy an inflationary hedge (gold) when all developed economies are experiencing deflation for the most part.
The price fell because of a big bubble that was created by fear popped. Given all the money (dollars, euros, yen, yuan) pumped into the global economy, traditional gold pricing theory would tell us that gold prices would be going through the roof, but they aren't … they are falling. Why? Because gold needs FEAR to go up. This is why so many people that buy into the bullets, rations and bunkers thinking dig gold. It's now about fear of collapse. There are many, many ways to hedge currency concerns. Gold is just one choice.
"Because gold needs FEAR to go up"
You showing ignorance now, gold needs inflation, nothing more.
"all the money pumped into the global system"
That's a myth my friend, please explain to us how the Fed buying $2.5 trillion of MBS's is pumping money into the system, it isn't.
It's not about buying a few bonds by CB's, it's about money velocity which continues to decline.
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