tag:blogger.com,1999:blog-6089228851855763774.post8451067180109131491..comments2024-03-29T07:10:06.022+08:00Comments on Gold Chat: Money, trust and goldBron Sucheckihttp://www.blogger.com/profile/00530576934994289879noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6089228851855763774.post-89599085272107167802014-12-19T21:33:22.360+08:002014-12-19T21:33:22.360+08:00and to add:
What Izabella does not consider: Let&...and to add:<br /><br />What Izabella does not consider: Let's assume that there are really people out there that have more fiat from over production than they want to spend on useless crap in their lifetime.<br />What's about these people? Probably hard to image for poor little Izabella, happy to sell one of her articles once in a while for some few bugs.<br />I would love to hear her advice, on what to do with those not needed credits.<br /><br />Is the world a better place, if:<br />1.) I spend my not needed credits on luxury gadgets not needed to impress people I dont like?<br />2.) I just buy into wallstreet to become owner of a title of a company that I dont really want to participate in and the company prints more of those ownership titles as the CFO pleases?<br />3.) Lend those credits to the political socialist clown brigade at zero interest while those suckers print like crazy more of those?<br />4.) I just hoard paper tokens aka paper cash legal tender, so I force tention in the system to oblige the printer to print more?<br /><br />That is something poor little Izabella does not adress, probably because she can not image such position.<br /><br />anyway, merry christmas to all of you crazy goldbugs ;)<br />Greets, AD<br /><br />P.S.<br />I am not a freegolder, although above might sound like it: I dont believe in a revaluation, just happy to keep what I accomplished.AdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-44060519580080118532014-12-18T21:03:40.881+08:002014-12-18T21:03:40.881+08:00regardless if somebody likes or dislikes gold, tru...regardless if somebody likes or dislikes gold, trusts or distrusts government, but how does the central banks gold holdings fit into all of this?<br />Greets, AD<br /><br />P.S.<br />@Bron, thanks for your latest posts, nice stuff.AdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-6143501734061531072014-12-18T20:41:15.974+08:002014-12-18T20:41:15.974+08:00Interesting find there.
Kaminskas chosen quotes ...Interesting find there. <br /><br />Kaminskas chosen quotes from the post she linked about "ancient cultures" prove a fatal blow to the common goldbug [mis]conception about Roman nomina and the timeless nature of gold&silver as "money." <br /><br />As those source make abundantly clear, "money" for the Romans was 'STUFF' - including paper... and most tellingly... debt! <br /><br />Notwithstanding the treasured myths of certain economic theorists and their followers, gold and silver played a role in those times not unlike that which the 'freegolders' now wish to grant (gold at least!)them in the future - a store of wealth' - detached from the currency regime. <br /><br />Likewise, no, (western)Rome did not collapse as a result of the debasement of her coinage. Rather, it was lights out from the moment it lost control of the eastern trade - to Constantinople - via which the arbitrage of silver/gold ratios gave whoever controlled the access routes the wealth to wage wars of conquest. <br /><br />Eastern Rome kept the gold bezant near to a weight of 65 grains for nearly a thousand years - without debasement - but fell after giving up the system of a freehold-farmer military for a tax-supported mercenary one. Blackwater 1.0?<br /><br />Gold has little chance of ever becoming a 'virtuous money stock'...<br /><br />and every chance of becoming a key arbitrator of inter-national trade and personal solvency, if allowed to fulfill the function to which this NON-COMMODITY WITH THE HUGE STOCK OVERHANG is best suited!squirrelynoreply@blogger.com