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  #31  
Old 04-19-2012, 08:26 AM
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Parizatis Parizatis is offline
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Originally Posted by AlbyVA View Post
Hahahah... Now now, don't forget about American Idol.
Oh those are old news ... now we have the ultimate dance battle and "..."s got talent etc

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  #32  
Old 04-19-2012, 08:27 AM
AlbyVA AlbyVA is offline
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Oh those are old news ... now we have the ultimate dance battle and "..."s got talent etc


I've suddenly been sucked back into Idol. lol Its the wife's fault.
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  #33  
Old 04-19-2012, 08:31 AM
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GetZeeGold GetZeeGold is offline
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Originally Posted by AlbyVA View Post
Maybe Peter should demand payment in Gold for his book.

Naw......Peter is smart enough to convert it.


Alan Greenspan explains.






GOLD AND ECONOMIC FREEDOM

by Alan Greenspan

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense — perhaps more clearly and subtly than many consistent defenders of laissez-faire — that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.

In order to understand the source of their antagonism, it is necessary first to understand the specific role of gold in a free society.


http://www.lewrockwell.com/north/north204.html
__________________

Gimme zee gold, Mr. Smith.
http://www.youtube.com/watch?v=mHyKDrGzn-I
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  #34  
Old 04-19-2012, 08:59 AM
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Jimdepot Jimdepot is offline
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Originally Posted by AlbyVA View Post
Granted, the Fed is putting the money it receives in interest payments on
the debt it holds back into the market. But that isn't increasing the money
supply.

And if, by chance the economy comes roaring back to life, the Fed will start
selling US Treasuries and extracting $$$ money from the economy. Making it
even harder for Gold to move higher.

In short, the promise of $5000/oz Gold and other such fairy tales will prove
to be a farce. Woe to the sucker who is loading up on Gold and expecting
some massive upward price movement.
Where does the money that the Fed receives as interest from the US treasuries come from?
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  #35  
Old 04-19-2012, 10:27 AM
AlbyVA AlbyVA is offline
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Where does the money that the Fed receives as interest from the US treasuries come from?


It comes from tax payers via the Federal Government. But it begins life at
the Fed. Crazy, isn't it?
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  #36  
Old 04-19-2012, 10:32 AM
AlbyVA AlbyVA is offline
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Act I: The Fed Creates $1.00
--
Act II: The Fed Buys US Treasuries with its $1.00 (Thus giving the US Treasury that $1.00)
Act III: The Federal Government Spends that $1.00 on Something (Medicare)
Act IV: The Doctor Gets paid with Medicare dollars and his income is Taxed.
Act V: The Federal Government Pays Interest on that Debt with Taxed Dollars
Act VI: That $1.00 makes it back to the Federal Reserve
Act VII: Repeat Act II



....thus is the life of money cycling through the economy


This is also why, if the US Government pays off its Debt, the money supply
will decline, creating deflation. It is also the reason why Debt is Money.
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  #37  
Old 04-19-2012, 10:58 AM
Bruce7Trader Bruce7Trader is offline
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Smile Going directly and indirectly to

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Originally Posted by Jimdepot View Post
Where does the money that the Fed receives as interest from the US treasuries come from?
Corruption(CNN) – With people in the streets of India in support of graft-buster Anna Hazare, where does India rank among the world’s major economies in terms of corruption?

Moreover, is there a correlation between strong economies and good transparency?

Depends where you look. Comparing the world’s 10 largest economies against their rankings in the 2010 Transparency International corruption perceptions index, here’s how they stack up:


1) U.S. – 22 (out of 178 nations)

2) China – 78

3) Japan – 17

4) Germany – 15

5) France –25

6) UK – 20

7) Brazil – 69

8) Italy – 67

9) Canada – 6

10) India – 87

Only Canada, the ninth largest economy, ranks in the top 10 in terms of transparency among 178 nations listed on the corruption perceptions index, with an 8.9 score on a scale of 10 (very clean) to 0 (highly corrupt). Denmark, New Zealand and Singapore tied for the top spot with a 9.3 score.

At the basement for global transparency are Somalia, Myanmar, Afghanistan and Iraq.

This done with CNN hahah

B7T
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  #38  
Old 04-19-2012, 11:17 AM
BullYonAir BullYonAir is offline
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This is also why, if the US Government pays off its Debt, the money supply
will decline, creating deflation. It is also the reason why Debt is Money.
...and this is why they will continue to create more currency which results in higher inflation which results in higher gold prices.

Do you think this can continue forever? Maybe try looking into the hundred + currencies that have failed around the globe. At some point debt = money no longer works and ultimately the system has to reboot.
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  #39  
Old 04-19-2012, 02:02 PM
AlbyVA AlbyVA is offline
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Originally Posted by BullYonAir View Post
...and this is why they will continue to create more currency which results in higher inflation which results in higher gold prices.

Do you think this can continue forever? Maybe try looking into the hundred + currencies that have failed around the globe. At some point debt = money no longer works and ultimately the system has to reboot.


The Fed will always create more new money because the economy is always
growing. The money supply has to grow with the economy, else the money
supply becomes a boat anchor on the economy.

Ever play the game monopoly? Ever notice, that after a few hours of play
and everybody is stacked up with tons of property, houses, etc, the money
is flowing the profits are rolling, do you suddenly run into the problem of
the bank running out of money? Ever tried continuing to play the game
with no money left in the bank? lol

This is just like the economy. If the money supply (ie: the bank money in
monopoly) doesn't grow as the economy booms (ie: hotels/houses in monopoly)
you run into the problem of there being a shortage of money to fuel the
economy. In the real world, the fed prints money to ensure their is no
shortage of dollars (but not too many to prevent massive inflation). In the
game monopoly, most people do the same thing. They break out notebook
paper and print new money to keep the game going.


YOU MUST print new money as the economy grows. This is why Gold sucks
as a currency. Because the economy grows faster than you can dig new
money out of the ground. Pretty soon, Gold Currency Economies grind to a
halt because they don't have enough physical money to advance beyond
the rate at which it flows out of the ground.

Last edited by AlbyVA : 04-19-2012 at 02:29 PM.
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  #40  
Old 04-19-2012, 02:22 PM
Bruce7Trader Bruce7Trader is offline
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Angry The USD and the war machine to protect what is worthless

Yes then when it's done as in done the worker who worked all his life thinking to save he just did'nt know what to save other then what the corrupt govenment told him was save in cash so they say that person is worth so and so many dollars. When the fact is the Government can push a print machine to make what you have save worth nothing so they can control the people till they die thats the idea.

Buy Gold the corruption is taking your savings.

B7T
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