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  • #16

    Originally posted by yerrag View Post
    Hi Eugene, in the absence of something better, gold is a more objective storehouse of value. It is easier to carry around than sacks of rice or salt. A large part of Rome's downfall is due to its debasement of its coins with cheaper metals such as copper. When paper currency came into vogue, it was backed by gold. Until the mid-70's, the US currency was still backed by gold. Nixon, seeing how continuing with the gold-backed regime could undermine the United States, by driving it into indebtedness from which it could never recover, stopped honoring unliaterally this system, thereby freeing itself of debts it has incurred. Since the United States was the world's judge, jury, and executioner, it got away with this heist. Since then, we have been living on this illusion of fiat currencies, which is arbitrary and whose relative weightings are based who can control the narrative with politics, diplomacy, military superiority, and the control of public opinion. The US dollar continues to be seen as a bulwark against world instability and tension, a perception it sells though does not deserve. The problem with this thinking is that it reinforces instability in the world, as instability feeds the strength of the US dollar. Hence, in the aftermath of the cold war after the disintegration of the USSR, there was this surreal talk about the "peace dividend." It was not to be, and we are now living proof of a world with new dangers, and new enemies. But equilibrium will seek its own place, and the whole world will adjust. Slowly would be the best way, as peoples will gradually adjust to new realities. But their is no slow way to go about it as forces are arrayed to reinforce the status quo, no matter how tenuous the hold is. When the spring snaps, it will already be so wound up the blowback will be unexpected for many, and it will be strong.

    Here is what Japan has been trying to do since the start of the 90's, when Japan Inc. unraveled, and it still continues to do so, because of Japan's penchant for following Keynesian "black hole" economics, the very one upheld and defended by Paul Krugman, the "esteemed" Nobel Laureate:

    The Bank Of Japan - Ringing In The Endgame? | Seeking Alpha

    Cheers,

    Mike

    Are the KOI Just smoke & mirrors?

    Comment

    • #17

      Coolwon, KOI is a conspiracy by the Yakuza ;-)

      Sent from my XT1068 using Tapatalk

      Comment

      • #18

        [QUOTE=yerrag;219922]Hi Eugene, in the absence of something better, gold is a more objective storehouse of value. It is easier to carry around than sacks of rice or salt. A large part of Rome's downfall is due to its debasement of its coins with cheaper metals such as copper. When paper currency came into vogue, it was backed by gold. Until the mid-70's, the US currency was still backed by gold. Nixon, seeing how continuing with the gold-backed regime could undermine the United States, by driving it into indebtedness from which it could never recover, stopped honoring unliaterally this system, thereby freeing itself of debts it has incurred. Since the United States was the world's judge, jury, and executioner, it got away with this heist. Since then, we have been living on this illusion of fiat currencies, which is arbitrary and whose relative weightings are based who can control the narrative with politics, diplomacy, military superiority, and the control of public opinion. The US dollar continues to be seen as a bulwark against world instability and tension, a perception it sells though does not deserve. The problem with this thinking is that it reinforces instability in the world, as instability feeds the strength of the US dollar. Hence, in the aftermath of the cold war after the disintegration of the USSR, there was this surreal talk about the "peace dividend." It was not to be, and we are now living proof of a world with new dangers, and new enemies. But equilibrium will seek its own place, and the whole world will adjust. Slowly would be the best way, as peoples will gradually adjust to new realities. But their is no slow way to go about it as forces are arrayed to reinforce the status quo, no matter how tenuous the hold is. When the spring snaps, it will already be so wound up the blowback will be unexpected for many, and it will be strong.

        Here is what Japan has been trying to do since the start of the 90's, when Japan Inc. unraveled, and it still continues to do so, because of Japan's penchant for following Keynesian "black hole" economics, the very one upheld and defended by Paul Krugman, the "esteemed" Nobel Laureate:

        The Bank Of Japan - Ringing In The Endgame? | Seeking Alpha

        Mike
        All the gold in the world that has been mined would be just over 8 trillion US $. The US debt is 18 trillion$ . Just the whole world derivatives alone are 1.2 Quadrillion so if that amount alone would mean that gold would have to be about $112000.00 an ounce. However you are free to buy it , in fact good purchase before currencies dropped against the US $
        There has been an inflow of money to the $ resulting in devaluation of currencies. Sad but that resulted in an extra few trillion debt for the developing world whose biggest problem is that they can not govern themselves.
        Regards
        Eugene

        Comment

        • #19

          [QUOTE=Eugeneg;219933]
          Originally posted by yerrag View Post
          Hi Eugene, in the absence of something better, gold is a more objective storehouse of value. It is easier to carry around than sacks of rice or salt. A large part of Rome's downfall is due to its debasement of its coins with cheaper metals such as copper. When paper currency came into vogue, it was backed by gold. Until the mid-70's, the US currency was still backed by gold. Nixon, seeing how continuing with the gold-backed regime could undermine the United States, by driving it into indebtedness from which it could never recover, stopped honoring unliaterally this system, thereby freeing itself of debts it has incurred. Since the United States was the world's judge, jury, and executioner, it got away with this heist. Since then, we have been living on this illusion of fiat currencies, which is arbitrary and whose relative weightings are based who can control the narrative with politics, diplomacy, military superiority, and the control of public opinion. The US dollar continues to be seen as a bulwark against world instability and tension, a perception it sells though does not deserve. The problem with this thinking is that it reinforces instability in the world, as instability feeds the strength of the US dollar. Hence, in the aftermath of the cold war after the disintegration of the USSR, there was this surreal talk about the "peace dividend." It was not to be, and we are now living proof of a world with new dangers, and new enemies. But equilibrium will seek its own place, and the whole world will adjust. Slowly would be the best way, as peoples will gradually adjust to new realities. But their is no slow way to go about it as forces are arrayed to reinforce the status quo, no matter how tenuous the hold is. When the spring snaps, it will already be so wound up the blowback will be unexpected for many, and it will be strong.

          Here is what Japan has been trying to do since the start of the 90's, when Japan Inc. unraveled, and it still continues to do so, because of Japan's penchant for following Keynesian "black hole" economics, the very one upheld and defended by Paul Krugman, the "esteemed" Nobel Laureate:

          The Bank Of Japan - Ringing In The Endgame? | Seeking Alpha

          Mike
          All the gold in the world that has been mined would be just over 8 trillion US $. The US debt is 18 trillion$ . Just the whole world derivatives alone are 1.2 Quadrillion so if that amount alone would mean that gold would have to be about $112000.00 an ounce. However you are free to buy it , in fact good purchase before currencies dropped against the US $
          There has been an inflow of money to the $ resulting in devaluation of currencies. Sad but that resulted in an extra few trillion debt for the developing world whose biggest problem is that they can not govern themselves.
          Regards
          Eugene
          Value is dynamic, Eugene. Many derivatives' values are manipulated. As well as currencies. Gold's value is based on a price as shaped by how reality is perceived, as distorted as it is. At any other point in history, debt has always been backed by real assets. Now it is backed by agreements between central bankers who are subject to the whims of politics. And politics is about satisfying the present needs. The problem is that the future is more and more put in hock. The point where it breaks is when we stare into the future face to face. We've put off dealing with foreseen problems using debt, and we convince ourselves a humongous load of debt will see us through the present difficulty, and that we will emerge better for it. This wishful thinking, reinforced by quack economists, whose credibility cannot be questioned by their Nobel pedigree, will have a day of reckoning when the dam breaks. Such bravado is typical of those who live by crossing the bridge when they have gotten there- a testament to the gospel of positivity- Americana that has infected the whole world thru education at the Ivy League.

          There is a very David Copperfieldian quality to all this smoke and mirrors - subtle, mesmerizing, reassuringly so that one does not worry the pretty lady in that skimpy suit won't be sawed in half. It is mind control at its best, on a world stage, and it makes me wonder where the queen bee is, and when the fumigator will start cleaning up the mess.

          Comment

          • #20

            and it makes me wonder where the queen bee is, and when the fumigator will start cleaning up the mess.[/QUOTE]

            Bernie Sanders?

            Comment

            • #21

              Originally posted by coolwon View Post
              and it makes me wonder where the queen bee is, and when the fumigator will start cleaning up the mess.
              Bernie Sanders?[/QUOTE]
              I wish it were that simple coolwon. It's a tangled web. Escaping to Mars and establishing a new world there, rules and all, is the way out. Mayflower II, new constitutional framework. Hope springs eternal. [emoji15]

              Sent from my XT1068 using Tapatalk

              Comment

              • #22

                Ted Cruz is no libertarian... Goldman Sachs...has more common ground with Hillary...
                -Ron Paul


                Ron Paul: Ted Cruz is no libertarian - POLITICO

                If we listened to reason and not be a slave to our fears, we must select a president who earnestly seeks solutions, than one who creates new problems. The legacy of Vietnam, the abandonment and betrayal of Afghanistan after the collapse of the Soviet Union, the Ramboic invasion of Afghanistan and Iraq, the clandestine undoing of Libya, and the cultivation of seeds of anarchy in Syria, are legacies brought about by a succession of ineptness and malice at the Oval Office. This sense of resignation and disappointment of citizens, is why Trump succeeds in being popular, because there is more trust in his promises to find real solutions, than in "tried and tested" people who have assumed the office in the mold of our electoral process. Even if Trump gets elected, he will find running his businesses easier than being heard in the cacophony of a reactive state of governance. It does not bode well for the future. A democracy so disjointed cannot be a ray of hope for liberty. If democracy has only this to offer, would unbridled tyranny not be too far away?

                Comment

                • #23

                  [QUOTE=yerrag;219944]Ted Cruz is no libertarian... Goldman Sachs...has more common ground with Hillary...
                  -Ron Paul


                  Ron Paul: Ted Cruz is no libertarian - POLITICO

                  If we listened to reason and not be a slave to our fears, we must select a president who earnestly seeks solutions, than one who creates new problems. The legacy of Vietnam, the abandonment and betrayal of Afghanistan after the collapse of the Soviet Union, the Ramboic invasion of Afghanistan and Iraq, the clandestine undoing of Libya, and the cultivation of seeds of anarchy in Syria, are legacies brought about by a succession of ineptness and malice at the Oval Office. This sense of resignation and disappointment of citizens, is why Trump succeeds in being popular, because there is more trust in his promises to find real solutions, than in "tried and tested" people who have assumed the office in the mold of our electoral process. Even if Trump gets elected, he will find running his businesses easier than being heard in the cacophony of a reactive state of governance. It does not bode well for the future. A democracy so disjointed cannot be a ray of hope for liberty. If democracy has only this to offer, would unbridled tyranny not be too far away?[/QUOTE

                  You dont have to worry US is just doing fine with average income of 44k compared to yours of 2.7k
                  Their money boys are doing great as well by raising rates. They depressed values of currencies as well as industries.
                  They can now buy up at a great discount. Far better than military intervention. China has the money but most purchases have to be approved by government and few will approve the chinese takeover
                  Regards
                  Eugene

                  Comment

                  • #24

                    Averages are a distortion Eugene. Can we see the income distribution?

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                    Comment

                    • #25

                      Originally posted by yerrag View Post
                      Averages are a distortion Eugene. Can we see the income distribution
                      Mark
                      Due to my eye condition my computer time is very limited. So how about Imelda Marcos
                      Regards
                      Eugene
                      Last edited by Brian; 02-07-2016, 08:02 PM.

                      Comment

                      • #26

                        The trend is important Eugene. We have no way to go but up. What is the trend in the US? Bernie Sanders got it right? Poor people get thrown in jail for infractions, and bank CEOs involved in larger economic crimes never get booked. The cronyism in the US is just as bad as in Marcos' heyday. That is behind us. The US is infected with it now.

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                        • #27

                          Originally posted by yerrag View Post
                          The trend is important Eugene. We have no way to go but up. What is the trend in the US? Bernie Sanders got it right? Poor people get thrown in jail for infractions, and bank CEOs involved in larger economic crimes never get booked. The cronyism in the US is just as bad as in Marcos' heyday. That is behind us. The US is infected with it now.
                          The fact is that it is not our business. However as a Canadian I have the right to object President Obama blatantly cancelling the XL pipeline violating NAFTA treaties. Simply to bow to the climate change pretext and then allow oil to be shipped by Buffets rail holdings. Hope he gets nailed with the 12Billion lawsuit by Trans Canada Pipe.
                          Regards
                          Eugene
                          Last edited by Brian; 02-07-2016, 08:00 PM.

                          Comment

                          • #28

                            When mercantilists find it more troublesome, less popular, and ultimately less profitable to be a colonialist, they turn to manipulating and controlling currency flows, and ultimately the expansion of trade that favors them. Losing the war with Vietnam, but managing to eke out victory by robbing the world in reneging on the dollar's erstwhile inviolability, unmooring it from gold. The need to change the rules in its favor came about as the country overspent in its disaster in Vietnam, and its descent in manufacturing competitiveness against Japan and Germany, the vanquished in the previous war. And China was just a hinterland then.

                            The country lost manufacturing completely, save with semiconductors, with China's rebirth. It still has silicon valley technology, agriculture exports, pharma drugs, biotech GMO, processed food, higher- education diploma mills, planes and advanced weaponry to push to the world, albeit on a losing balance of trade with the world.

                            Of these industries, only Silicon Valley tech and commercial planes stand to be the only expressions of unadultered free enterprise. The rest are propped up by a combination of subsidies, collusion, lies masquerading as science, high-level corruption, and unjust laws, meant to sustain an economy of problem creation and problem pallatives, offering a net zero, to kindly put it, of economic value creation.

                            The fact is the weaponry we buy from all the military weapons contractors are always over budget, always flawed- there is nothing close to 6sigma in quality - a telltale sign of corruption, as there is no incentive to be better, with dirty money being the key to a design win. This is pre-Deming quality that equates to GM quality when no Toyotas nor Hondas were here to compete. The agriculture products-processed food-GMO-pharma drug- sprawling hospital- health insurance zombie complex is the worst case of "make busy" ever created in mankind's history. But this is the new construct of the US economy, feeding on the gullibility of the masses, with mainstream propaganda and the marginalization of better alternatives.

                            The US population is the test market for this flawed economy, it has worked and flourished above all expectations, and the rollout to the world is next. With the help of cohorts, bright (brainwashed) foreign scholars from its esteemed universities, as its salesmen, it will be a rousing success.

                            Why colonize? Embrace freedom. Make more countries.

                            Yes, Eugene. It is NOT our business.


                            Sent from my XT1068 using Tapatalk

                            Comment

                            • #29

                              Originally posted by yerrag View Post
                              When mercantilists find it more troublesome, less popular, and ultimately less profitable to be a colonialist, they turn to manipulating and controlling currency flows, and ultimately the expansion of trade that favors them. Losing the war with Vietnam, but managing to eke out victory by robbing the world in reneging on the dollar's erstwhile inviolability, unmooring it from gold. The need to change the rules in its favor came about as the country overspent in its disaster in Vietnam, and its descent in manufacturing competitiveness against Japan and Germany, the vanquished in the previous war. And China was just a hinterland then.

                              The country lost manufacturing completely, save with semiconductors, with China's rebirth. It still has silicon valley technology, agriculture exports, pharma drugs, biotech GMO, processed food, higher- education diploma mills, planes and advanced weaponry to push to the world, albeit on a losing balance of trade with the world.

                              Of these industries, only Silicon Valley tech and commercial planes stand to be the only expressions of unadultered free enterprise. The rest are propped up by a combination of subsidies, collusion, lies masquerading as science, high-level corruption, and unjust laws, meant to sustain an economy of problem creation and problem pallatives, offering a net zero, to kindly put it, of economic value creation.

                              The fact is the weaponry we buy from all the military weapons contractors are always over budget, always flawed- there is nothing close to 6sigma in quality - a telltale sign of corruption, as there is no incentive to be better, with dirty money being the key to a design win. This is pre-Deming quality that equates to GM quality when no Toyotas nor Hondas were here to compete. The agriculture products-processed food-GMO-pharma drug- sprawling hospital- health insurance zombie complex is the worst case of "make busy" ever created in mankind's history. But this is the new construct of the US economy, feeding on the gullibility of the masses, with mainstream propaganda and the marginalization of better alternatives.

                              The US population is the test market for this flawed economy, it has worked and flourished above all expectations, and the rollout to the world is next. With the help of cohorts, bright (brainwashed) foreign scholars from its esteemed universities, as its salesmen, it will be a rousing success.

                              Why colonize? Embrace freedom. Make more countries.

                              Yes, Eugene. It is NOT our business.


                              Sent from my XT1068 using Tapatalk
                              Have you filled your ponds in and made rose gardens?

                              Garfield

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                              • #30

                                Smart aleck and kibitzer.

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