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Title: IS GOLD MONEY?
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Published: Jul 14, 2011
Author: Ron Paul
Post Date: 2011-07-14 13:07:59 by socalv8
Keywords: Paul, Ben, Good Question
Views: 74213
Comments: 131
Big Ben's hesitation was telling. What say you?
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#1. To: socalv8 (#0)
What say you? Money can take any form if there is a consensus.
Money serves two purposes -- a medium of exchange and a store of value. Gold evolved as the most widely acceptable form of money over history because of it's characteristics -- it's scarce and durable. The pieces of paper that we pass around today are a lousy store of value because the government purposefully inflates the money supply to hand out to special interests. The only reason that they are accepted as a medium of exchange is because the government has decreed them to be so.
Money has certain properties- chief among them, being easily transportable and divisable, as well as the inability for anyone to create money quickly (scarcity). Fiat money- because it can be inflated at the whim of the Fed- is NOT money. Gold is the ultimate form of money.
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
The same thing happened with gold and silver based money. We saw deflation and inflationary periods with gold. In fact, just finding new gold mines would lower the value of your purse. We have had gold and silver bubbles before. As soon as people start to 'cash' in their gold holdings the price of gold will start to fall. That's what happened to the stock market and real estate bubbles. People bought the things and as more people bought the more the price went up but as soon as the tipping point was reached for people selling the stuff back the values collapsed.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
There's gold dissolved in the world's oceanwaters. I believe one estimate is 21 billion ounces. Of course the big problem is the price of extraction
Dumb ass, the only way you can increase the supply of gold is by mining it. Historically, the gold supply has increased an average of 2% a year. On the other hand, there is no limit to how much fiat money a government can create and how quickly it can create it. This is why gold is a good store of value and fiat money is not.
It's a commodity like orange juice. And unlike most commodities it took only one man to keep the price of gold down for 15 years. And now it's become the next bubble, so please.... buy lots of it while the price is high, even invest your kid's college money while you are about it.
As soon as anyone with significant reserves announces they are selling their gold the value drops. When the UK declared a sale of its gold in 1999 that was the fear and led to the Washington Agreement on Gold.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
I always find it funny the brokers sell gold for worthless fiat money.......
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Tulips anyone?
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
LMAO! That is the kind of nonsense that keeps stupid people storing the fruits of their labor in paper promises until they become poor stupid people. When I was very young a $5 gold piece would buy you a fine rifle, a silver dollar would buy you 4 to 5 gallons of gasoline. Had one kept that silver and gold until today they would still be able to use it to purchase the same items. Keeping the same money in paper would now get you, maybe, two rounds for that rifle and a quart of gas.
The Washington accord exists because the UK put up large quantities of gold for sale in 1999 and the value of gold dropped. Supply and demand. But you seem to think you are a global player with a gold coin.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
LOL. It's a safe bet to say he's never owned a gold coin... I'm sure gobsheit has his 'savings' stored- not even in printed money, but in digital money, at the local bank. Which means it's not worth the paper it's not printed on... Of course, this supposes that an idiot like gobsheit has enough earning potential to have any savings...
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
Global player? What in hell are you talking about? The fact is gold and silver have held their value and all the stupid comments about accords and supply and demand are not going to change that fact. Reality does not seem to be you friend. Open your eyes.
I am not certain how or why anyone could be so stupid or foolish to ignore the reality of what I said. Even if someone is just a sleazy political propagandist, coming across as that stupid is insanity.
The flaw in this statement, is that a LOT of people were too lazy to buy physical gold, and instead "invested" in gold or silver exchange-traded funds (ETFs), IRAs or "graded" gold coins. Most estimates place the number of ETFs outstanding as ~7 times MORE than physical gold in existence. From http://pacificcoins.wordpress.com/1-gold-silver-scams/: Banksters and precious-metal "traders" sold pieces of paper obligating their company to produce the gold or silver on demand. And then they kept selling more and more, even after their stock of precious-metals was already sold off. You assume that the investors all hold physical metals. When those investors finally get around to trying to take delivery, the ensuing scandal will rock the financial world, and cause the prices of gold and silver to catapult (easily) five times current prices. I'm a buyer of precious metals, but only physical metals. No "paper gold" for me!
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
To gobsheit, stupidity and insanity are as natural as breathing. LOL.
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
You know I wonder if someone is paying him to say that stupid stuff or is it all his own ideas????
When asked by a Liberal what I bought my Granddaughter for her 1st birthday I replied, "MORE AMMUNITION"!!!!
Yep. Here's the purchasing power of the dollar since the Federal Reserve was foisted on us: He's an active member of the 50 Cent Party. Check it out on wike... it's good for a laugh.
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
My guess is that Goobershit has never held a job either...
Check it out on wike... it's good for a laugh. It should be called the 1/2 cent party, cause that's all what you read from them is worth...... It seems to me that I read a post on here from someone who admitted they did that sort of thing, but don't remember who it was....
When asked by a Liberal what I bought my Granddaughter for her 1st birthday I replied, "MORE AMMUNITION"!!!!
Which civilization started this nonsense and why?
So was Bernanke wrong or lying? His pregnant pause screams lie, I'd guess.
We? Stealing from Jews causes a bubble?
Who?
?
Therefore, to avoid this they'll need to see the price drop by half in the near future?
You are a good poster, btw. Thanks.
Toothless inbred hillbillies know more about economics than you guys. The gold standard failed. Move out of the last century. The gold standard of the 1920s prolonged the Great Depression. The gold standard limited the flexibility of central banks' monetary policy by limiting their ability to expand the money supply, and thus their ability to lower interest rates. In the US, the Federal Reserve was required by law to have 40% gold backing of its Federal Reserve demand notes, and thus, could not expand the money supply beyond what was allowed by the gold reserves held in their vaults. That is different than investing in gold. But that is no more or less exotic than investing in orange or wheat futures. It's a commodity like any other. You will probably make more money investing in black gold aka oil. But the "gold delusion" is part of the mental mind fuck you right wingers operate under because it is linked to this mythology of a lost golden age back when America "worked", when blacks were Jim Crow'ed and women were subservient to men and other such delusions. Your obsession with the gold standard has more to do with your mythological world view (conservatives/right wingers in America are increasingly living in a fantasy world were empirical evidence is ignored) than sound economic policy.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
What's wrong with you?
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
As in the human race.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
That's pretty darned accurate.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Yup. But with Helicopter Ben creating digital fiat money like crazy, there's absolutely NO chance of that happening. I read somewhere, that if you divide all the fiat money around the world by the amount of gold in the world, it works out to some crazy number like $12000/ounce. With there being 7X the amount of gold ETFs as there is physical gold in all existence, it would seem that gold will increase potentially 7X it's current price... which works out to $1500x7=$10,500/ounce. If it only gets halfway there, it's still $5000/ounce. My silver investments should do better. Silver links to gold at ~30:1-40:1. If I call it 35:1, with current gold at ~$1500, gold should be at $42. When gold goes ballistic (maybe $5k/ounce), that means silver would be ~$142. I can live with that. :)
It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow Orwells' mottos: War is peace. Freedom is slavery. Ignorance is strength. They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished. Stephen King once observed, "The beauty of religion mania is that it has the power to explain everything... [and] …logic can be happily tossed out the window. This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots... Their God... is the STATE.
No, gold is not money but a commodity. Economics 101
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Economics 101 Gold evolved over thousands of years of societal evolution on almost every part of the planet as the preferred form of money. It did so because it was durable, easily divisible, and scarce. In the 20th century, arrogant people with their all encompassing view of the state destroyed what thousands of years of societal evolution created. Economic History 101.
That was more the result of colonialism.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Free will and ambition, the lack of which creats socialists, hippies and Democrats.
Fair enough, but I didn't ask you. I asked someone far less credible than you.
Any chance of gold and silver going in different directions?
So was silver and iron bars and wampum and on some islands in the Pacific islands - large carved boulders. So what?
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
I support your ambition to get ripped off by gold brokers. Go for it.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
I asked you what you meant by "tulips". Tulip mania or tulipomania (Dutch names include: tulpenmanie, tulpomanie, tulpenwoede, tulpengekte and bollengekte) was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed.[2] At the peak of tulip mania, in February 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. It is generally considered the first recorded speculative bubble... Wikipedia
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Not your choice and I don't invest in gold, Stewie.
Interesting and worth looking into, thanks.
There is a chance... but I believe it's quite small. They usually trend in the same direction- silver being the "poor man's gold," as it were. While I could buy *some* gold, I'm certainly not rich... LOL. Here's why I buy silver: the price has been artificially surpressed by major banks- chief among them being Chase. This has been done by shorting silver futures, in large (and public) bets. Thus, they give the signal to the market that the price will drop, and the market (being the sheeple they are) take the bait; the price drops signficantly, Chase sells and makes a fat profit. The price starts to trend back up, and the banks repeat... But this time (the last few months), a lot of the banks were playing the same game, and the price continued to trend up... So the banks got the COMEX to increase the reserve requirements for silver ETFs, forcing the price down so they could cash out... Those banks that haven't- as the price will continue to trend up over time- will be in seriously bad straights, as their exposure will become problematic. An ugly aspect that few ETF managers will talk about, is that the lack of silver and gold is at a critical point. So they're trying to buy back the ETFs with paper money, since they're exposed on physical commodities. As well, they're buying gold wherever they can find it... Just look on Craigslist, or take a walk through your local shopping mall... You'll see signs *everywhere,* saying "we buy gold and silver..." I have no doubt, if/when this scandal hits the main-stream news, the prices will go waaaaaaaaaay up. IMHO.
It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow Orwells' mottos: War is peace. Freedom is slavery. Ignorance is strength. They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished. Stephen King once observed, "The beauty of religion mania is that it has the power to explain everything... [and] …logic can be happily tossed out the window. This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots... Their God... is the STATE.
Economics 101 Clearly, you failed your econ class.
It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow Orwells' mottos: War is peace. Freedom is slavery. Ignorance is strength. They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished. Stephen King once observed, "The beauty of religion mania is that it has the power to explain everything... [and] …logic can be happily tossed out the window. This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots... Their God... is the STATE.
Think 16 to one, the tried and true ratio. Gold is way out of whack right now, a bubble that is ready to burst so the sharks can reap their profits just like they did in late 2007.
Clearly, you failed your econ class. Yet it's actually sold as a commodity. Go figure. And if I buy a 20 dollar gold piece for 1500+, I can only legally tender it for 20 dollars.
All but Silver fail one or more of the tests of what makes really good money: It's A.) Durable, B.) Easily Divisible, C.) Relatively Scarce, D.) Portable. This is why wampum, iron bars, and large carved boulders did not evolve as money in most parts of the world. Gold did. So did Silver.
LOL!! That is the stupidest thing you have said so far. Gold has been money for 1000s of years. Appears you have been sucked into the delusional fiat money scam that has transformed a lot of stupid fools into poor stupid fools. No one with a modicum of intellect and their wits about them could deny the historical facts of the matter.
LMAO. You're an idiot. Your statement as to the gold-silver ratio, as usual, is based on bad information...... And HERE'S WHY... As to your statement that gold is "a bubble that is ready to burst," then I suggest you put your money where your FAT mouth is at, and short some gold ETFs. Your statements- based on nothing but your delusions, fed by MSM propagandists, make me laugh.
It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow Orwells' mottos: War is peace. Freedom is slavery. Ignorance is strength. They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished. Stephen King once observed, "The beauty of religion mania is that it has the power to explain everything... [and] …logic can be happily tossed out the window. This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots... Their God... is the STATE.
So what? They stopped using it just like they stopped using human sacrifice to make it rain.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
LOL! Gold and silver are still money to rational people. You go ahead and stack your paper; you can always use it to wipe.
Money is not made out of actual paper but it is clear you h ave no idea how money works.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Clearly, I know much better than you that money must be a good "store of value". You go ahead and stack your paper; you can always use it to wipe.
You're an idiot. Your statement as to the gold-silver ratio, as usual, is based on bad information...... And HERE'S WHY... As to your statement that gold is "a bubble that is ready to burst," then I suggest you put your money where your FAT mouth is at, and short some gold ETFs. Your statements- based on nothing but your delusions, fed by MSM propagandists, make me laugh. I don't play markets where others make undecipherable rules not in my favor. But the big question here is: If I'm wrong, why would YOU care?
You go ahead and stack your paper; you can always use it to wipe. Lugging around all that gold must be tiring.
It's what makes him cranky.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
It's probably all in his teeth.
Another effect of mercury poisoning, besides the goofy reasoning. He needs to check out his local perma melt. Alaska has some of the most toxic water in the world.
LOL! 1600 paper dollars is heavier than an ounce of gold. There you go, something just as stupid as you wrote.
There you go, something just as stupid as you wrote. They don't use 100 dollar bills in your state?
LOL!! When you have no logical argument you invent stupid, childish innuendo to spit at others. I quess that is what makes you slugs so entertaining, like a small child telling absurd knock-knock jokes.
LOL!! Hell, we paper the the walls whith them.
By all means drink up.
Does the State of Alaska pay you your yearly stipend in gold bullion or a check from the state's coffers?
LOL!! I get my gold from the same creek I get my water. You really are not too bright, so just ask and I will try to help you fix that.
And I bet you don't realize that mercury is soluble in water, but hell you probably burn it off directly and take deep breaths as you are doing it. Another side effect is silly laughter and delusional thinking as expressed by your indicating that your statement of papering walls with 100 dollars bills actually makes sense to you.
I wonder how grocery stores will give change on gold? In the olden days people used to file down the coins and cheat people. If paper is backed by gold is the model - for this size economy a dollar bill would be worth maybe an atom of gold..... These people sound like Khmer Rouge - They want to return to some "Year Zero" formula.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
LOL!! You really only know enough to be childishly paranoid. The water soluable percentage of naturally occuring metals is not what you imagine or no water would be safe to drink. The rest of your childish innuendo must just be a manifestation of your mental malady.
You really aren't too bright are you? If the government got out of the way, what would certainly evolve is a system of digital currencies (probably attached to you cell phone) that was backed by gold or silver or some other scare commodity. Gold is divisible down to one grain. The American dollar was originally based on the Spanish dollar and was originally fixed at 371.25 grains of silver.
If paper is backed by gold is the model - for this size economy a dollar bill would be worth maybe an atom of gold..... These people sound like Khmer Rouge - They want to return to some "Year Zero" formula. The old timers used to carry vials of gold dust around, and pulled a pinch for this or that which was weighed since everyone carried with them a small scale. But don't you dare sneeze during the transaction or there goes a month's hard work. The people who really made out in those days were the floor sweepers.
The rest of your childish innuendo must just be a manifestation of your mental malady. Which means you haven't tested it.
Yea, because that's what evolved in Somalia without a govt there. You guys make up fantasy as go along? Hey before the govt printed money every store or bank in America printed its own money. You guys really do want us to go back to the 1800s! LOL!
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Wow! You have really been sucked into the the paper scam. The "economy" has become unsustainable even with limitless printing of paper funny money. The relation of real money to funny money is about to change more drastically than it already has. But, you go ahead and stack your paper; you can always use it to wipe.
Oh, but I have, for more than half a century. Anything else I can help you with?
I guess I missed all those people walking around with wheel barrows full of worthless dollars to buy milk....... Let me know when your end time fantasy happens.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Yukon likes sticking things in his mouth,,,,,
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
LOL!! I have no idea what that nonsense means but it sounds as though you have become frustrated with yourself because you argue stupidly and you are now resorting to an emotional outburst of disgusting and childish innuendo.
There were 30,000 different currencies and denominations floating around - imagine the opportunities for counterfeiters.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
The people in Somalia didn't invent the Cotton gin, Steam Engine, Telegraph, Light Bulb, Telephone, Internal Combustion engine, the Automobile, the Airplane, Assembly line, Radio, Television, the Vacuum Tube, transistor, Micro-processor, penicillin, antibiotics, and too many other things to list here. America and the rest of the western world invented these things. We invented most of them when government was largely irrelevant in our lives. The very idea that you would equate western free markets with tribal backwaters demonstrates that you are not worth wasting time on. So F-off, bozo.
The govts of the USA and abroad invested heavily in the development of most if not all these inventions including the invention of the computer and internet.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Complete and utter nonsense. Show your sources on how government investment created the Automobile, Airplane, Assembly Line, Light Bulb, Telephone, etc. You can't because it isn't true.
Out of whack, the new norm or the lowest it will ever be again...
That is exactly what scares the crap out of the psychotic, money mongering, human trash with delusions of godhood. They witnessed freedom loving Americans come together like no society in the history of this planet and project a will and an industrial might during WWII that has never been equaled. This human tripe has no other choice except to bring down America before they are destroyed by the decendents of those freedom loving Americans. They are scared stupid and that is certainly evident given the present day events.
If the Fed pursues a "Quantitative Easing" #3, we'll see gold at $2,500 an ounce. We will also see mass hysteria on left, as they channel the dead ghost of FDR to bash "speculators" to try and shift blame from government boobs and tyrants to the market. Fortunately, the government no longer has monopoly control of the media. So, the outcome is going to be very different than it was in the 1930s. Very different.
Yep. I completely agree. In the 1930s, people in cahoots with the government had a monopoly in the media. Americans didn't get the truth. This is no longer the case. This scares the crap out of the government tyrants.
Govt built roads that made the auto practical to own, the Wright Brothers would have gone nowhere if not for govt military contracts and the govt subsidized airports and so on. In cases where there was no govt subsidy the fact that the govt enforced patent rights is a major catalyst for innovation. The assembly line, sad that you do not know this - was not invented by Hentry Ford and existed in one form or another throughout time.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
The military played a major role in the development of the internet so conservative would have a place to meet and complain about government.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Yeah. Planes and automobiles would never have been invented if it weren't for the government. We would still be riding horses right fool? You are really cranky and really dumb. I pity you fool.
I still have most I obtained by my own labor, and some I bought at 400 and below.
If not for the military and govt subsidies (US Post saved the airline businesses at one point when they initiated air mail at a loss) we would still be flying bi-planes made of cloth and wood. If not for orderly and well built roads by the govt automobiles would not be as wide spread as they are today. You seem to forget that the national road system was only built in the USA after WW2 by that commie Ike Eisenhower.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
They will...they threw the hint out and Wall St. will hold them to it.
Is a license required to mine on your own? If not, it will soon, imho.
Not usually on private, sometimes a permit on certain public lands. You can still place a claim on most BLM or Forest Service lands if you can find any areas that are unclaimed that have anything worth prospecting. I'm talking pick and shovel type mining not anything requiring the removal and processing of large amounts of material.
Interesting, I'd guess that if gold prices skyrocket BLM and Fed Service lands will "lawyer up".
Most are already claimed, but they do take some off the list of claimables occasionally and occasionally they add some. They actually do land swaps and deals with the lumber companies ALL THE TIME. If congress creates an reserve or park in an area, then the status of most claims there are changed according to the terms listed in the legislation.
Right now our lands are being used as assets for debt collateral. The Chinese want them as pristine as possible. Heh but that's a small price for the financing of wars that keeps the world safe for 'free markets'.
No. You said: "The govts of the USA and abroad invested heavily in the development of most if not all these inventions". You are completely wrong, so now you are changing your story. None of the game changing technologies I listed had any government investment. Governments may have been one of the customers for many of these technologies. So what? They were created by private sector without government investment. BOZO.
Real, freedom loving Americans should refuse to drive on them socialist highways.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Or use those socialist airports, or use communications involving satellites that are monitored by our socialist military to keep them from hitting each other.
If they really loved freedom, they'd boycott the internet.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
There is no change in my story. You are just being a know-nothing.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
"Prestine" isn't an issue. They'll drill the land we're too stupid to drill.
Fake, profit hating Americans should insist on walking only on them there communist hiking paths.
Sure would make the DNC's job easier.
You clearly did, Godwinson. Admitting mistakes is a trait you share with Obama.
That doesn't make sense.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
We commies can walk on trails and drive on highways since they are both built and maintained by communist tax dollars.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
And we can enjoy ourselves because we're not consumed with bitterness. Let's not forget our socialist sidewalks, sewers, and home invasion by socialist water.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
I think the "socialist" canard is used to hide the fact that blacks are allowed to walk on the same side of the streets as whites, so these GOP-tards want to get rid of the sidewalks.......
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Nor does your post that I was mocking. Socialst roads?
Gum chewing next semester?
Make that "socialist fluoridated water".
Phffftt. You lose, Tawana Brawley.
Hey, I've raised children. That means multitasking is my middle name.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Shhhh - don't get 'um all stirred up again.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
BWAHAHAHAHAHAHAHAHA!!!
Once again you answer a post directed at Godwinson. Got something to tell us?
Jeez...that Pelosi pic...Is this what Women's Lib brought us? FAIL.
We commies can walk on trails and drive on highways since they are both built and maintained by communist tax dollars. And we can enjoy ourselves because we're not consumed with bitterness. Let's not forget our socialist sidewalks, sewers, and home invasion by socialist water. Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized. lucysmom posted on 2011-07-18 10:51:54 ET Reply Trace Private Reply This is how morons "think" and "talk". This known fool of one particular bent, tries to mock others of an another political persuasion as putatively being dogmatic "purists", who are on the whole incapable of seeing actual past actions as being both of utility to the American people, while being of at least a mixed political nature. Which is supposed to "prove" somehow that "the others", (conservatives in this case, wink wink, nudge nudge), are stoopid and incapable of analytical thought. But what it really shows is that this known FOOL is the dogmatic purist and incapable of rational thought. Because you see only the demonRATs et. al. are political about everything all of the time, it is only they and their kind who put their partees before OUR country. Only a FOOL who is a complete dogmatic ideological whore thinks that political theory especially as practically embodied in the REAL world is ever "pure" and/or "perfect". Only FOOLS would ever think that any politics can EVER be 100% theoretically "pure" in the REAL world You gibbering idiot. You are the same sort of phuckwad who claims that Communist China is better than the USA in alot of goobermental ways aren't you FOOL? You libTARDS are beyond FUNNY! When your fingers aren't on any triggers. (Want to explain to us ALL why YOUR messiah "king" obammy started a WAR with Lybia?) 2012 come soon! SAVE the USA! 2012! 2012! 2012!
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
Affirmative Action for the Mirror-onically challenged
Yea, pretty much.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Since when are we allowed to only answer the questions specifically directed to us? Oh No!!!! I answered for Lucysmom. That will be sure to get the rumor going again.
Okay - so maybe I don't multi-task so good anymore; or maybe I like what you post to Goodwinson better.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Oh No!!!! I answered for Lucysmom. That will be sure to get the rumor going again. It must be like violating an order or something. Oh No!!!! I answered for Lucysmom. That will be sure to get the rumor going again. Now I'm responding to your post and will be accused of talking to myself.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
:)
gooberloserton; Yea, pretty much. LOL! Which PROVES, (again), that is how MORONS "think"! LMAO!
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
Did you take your meds today, old fella?
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
LOL! Typical "deep thought" from one of the site's most infamous pet libTURD MORONS. You MORONS crack me up!
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
Big Ben's hesitation was telling.
#2. To: socalv8 (#0)
Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin
#3. To: socalv8 (#0)
-- Joseph Goebbels --
#4. To: jwpegler, mininggold (#2)
(Edited)
The pieces of paper that we pass around today are a lousy store of value because the government purposefully inflates the money supply to hand out to special interests.
#5. To: Godwinson (#4)
The same thing happened with gold and silver based money. We saw deflation and inflationary periods with gold. In fact, just finding new gold mines would lower the value of your purse. We have had gold and silver bubbles before.
#6. To: Godwinson (#4)
(Edited)
The same thing happened with gold and silver based money
Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin
#7. To: jwpegler (#6)
(Edited)
This is why gold is a good store of value and fiat money is not.
#8. To: jwpegler, mininggold (#6)
(Edited)
This is why gold is a good store of value and fiat money is not.
#9. To: mininggold, jwpegler (#7)
#10. To: Godwinson (#4)
People bought the things and as more people bought the more the price went up but as soon as the tipping point was reached for people selling the stuff back the values collapsed.
#11. To: Godwinson (#8)
As soon as anyone with significant reserves announces they are selling their gold the value drops.
#12. To: eskimo (#11)
As soon as anyone with significant reserves announces they are selling their gold the value drops.
#13. To: eskimo, Godwinson (#11)
(Edited)
LMAO! That is the kind of nonsense that keeps stupid people storing the fruits of their labor in paper promises until they become poor stupid people.
-- Joseph Goebbels --
#14. To: Godwinson (#12)
The Washington accord exists because the UK put up large quantities of gold for sale in 1999 and the value of gold dropped. Supply and demand. But you seem to think you are a global player with a gold coin.
#15. To: Capitalist Eric, Godwinson (#13)
It's a safe bet to say he's never owned a gold coin...
#16. To: Godwinson (#4)
As soon as people start to 'cash' in their gold holdings the price of gold will start to fall.
This is what world renown economist Bob Chapman recently had to say about the COMEX and other ETFs, in the August 12th issue of his newsletter The International Forecaster: “Speaking of COMEX gold and silver futures, it appears that the Illuminati have solved their physical gold and silver inventory shortage which was causing them great headaches as massive demands for physical delivery were received. At first, they just lied about their inventory. The inventories did not change even as hundreds of requests for physical bullion were settled month after month, often with the help of central banks like the ECB and other outsiders like the Canadian mint. Now, instead of using physical bullion, they can hand you an ETF contract instead. So they are trading paper for, well, more paper! Pretty slick, eh? They want to give investors the convenience of having an interest in a publicly traded security so they will just hang onto it and not demand physical delivery. But therein lies the trap. These ETF’s have leased large portions of their bullion out to the bullion banks for purposes of gold and silver suppression. They do not have what they say they have any more than the COMEX does, and if you hold on to your ETF contract, you may well become the next victim of a Madoff-like Ponzi scheme.
-- Joseph Goebbels --
#17. To: eskimo, Godwinson (#15)
Even if someone is just a sleazy political propagandist, coming across as that stupid is insanity.
-- Joseph Goebbels --
#18. To: eskimo (#15)
I am not certain how or why anyone could be so stupid or foolish to ignore the reality of what I said. Even if someone is just a sleazy political propagandist, coming across as that stupid is insanity.
#19. To: eskimo (#11)
Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin
#20. To: CZ82 (#18)
You know I wonder if someone is paying him to say that stupid stuff or is it all his own ideas????
-- Joseph Goebbels --
#21. To: Capitalist Eric (#13)
It's a safe bet to say he's never owned a gold coin...
Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin
#22. To: Capitalist Eric (#20)
He's an active member of the 50 Cent Party.
#23. To: jwpegler (#2)
The only reason that they are accepted as a medium of exchange is because the government has decreed them to be so.
#24. To: Capitalist Eric (#3)
Gold is the ultimate form of money.
#25. To: Godwinson (#4)
We have had gold and silver bubbles before.
#26. To: mininggold (#7)
it took only one man to keep the price of gold down for 15 years.
#27. To: lucysmom (#10)
Tulips anyone?
#28. To: Capitalist Eric (#16)
When those investors finally get around to trying to take delivery, the ensuing scandal will rock the financial world, and cause the prices of gold and silver to catapult (easily) five times current prices.
#29. To: jwpegler (#19)
#30. To: jwpegler, Capitalist Eric, CZ82, lucysmom, mininggold, eskimo (#21)
#31. To: socalv8 (#25)
Stealing from Jews causes a bubble?
#32. To: socalv8 (#25)
We?
#33. To: Godwinson (#30)
...the mental mind fuck you right wingers operate under because it is linked to this mythology of a lost golden age back when America "worked", when blacks were Jim Crow'ed and women were subservient to men and other such delusions.
#34. To: socalv8 (#28)
Therefore, to avoid this they'll need to see the price drop by half in the near future?
#35. To: Capitalist Eric (#34)
IS GOLD MONEY?
#36. To: Godwinson (#35)
(Edited)
No, gold is not money but a commodity.
Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin
#37. To: jwpegler (#36)
Gold evolved over thousands of years of societal evolution on almost every part of the planet as the preferred form of money. It did so because it was durable, easily divisible, and scarce.
#38. To: Godwinson (#31)
What's wrong with you?
#39. To: lucysmom (#32)
As in the human race.
I asked you what you meant by "tulips".
#40. To: Capitalist Eric (#34)
#41. To: jwpegler (#36)
Gold evolved over thousands of years of societal evolution on almost every part of the planet as the preferred form of money. It did so because it was durable, easily divisible, and scarce.
#42. To: socalv8 (#38)
Free will and ambition,
#43. To: socalv8 (#39)
#44. To: Godwinson (#42)
I support your ambition to get ripped off by gold brokers. Go for it.
#45. To: lucysmom (#43)
#46. To: socalv8 (#40)
Any chance of gold and silver going in different directions?
#47. To: Godwinson (#35)
No, gold is not money but a commodity.
#48. To: socalv8 (#40)
Any chance of gold and silver going in different directions?
#49. To: Capitalist Eric (#47)
(Edited)
No, gold is not money but a commodity. Economics 101
#50. To: Godwinson (#41)
So was silver and iron bars and wampum and on some islands in the Pacific islands - large carved boulders.
Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin
#51. To: Godwinson (#30)
The gold standard failed.
#52. To: mininggold, socalv8 (#48)
socalv8: Any chance of gold and silver going in different directions?
ming: Think 16 to one, the tried and true ratio. Gold is way out of whack right now, a bubble that is ready to burst so the sharks can reap their profits just like they did in late 2007.
#53. To: eskimo (#51)
Gold has been money for 1000s of years.
#54. To: Godwinson (#53)
#55. To: eskimo (#54)
You go ahead and stack your paper; you can always use it to wipe.
#56. To: Godwinson (#55)
#57. To: Capitalist Eric (#52)
LMAO.
#58. To: eskimo (#56)
Clearly, I know much better than you that money must be a good "store of value".
#59. To: mininggold (#58)
Lugging around all that gold must be tiring.
#60. To: mininggold (#58)
Lugging around all that gold must be tiring.
#61. To: Skip Intro (#60)
(Edited)
It's probably all in his teeth.
#62. To: mininggold (#58)
Lugging around all that gold must be tiring.
#63. To: eskimo (#62)
LOL! 1600 paper dollars is heavier than an ounce of gold.
#64. To: mininggold, Skip Intro (#61)
Alaska has some of the most toxic water in the world.
#65. To: mininggold (#63)
They don't use 100 dollar bills in your state?
#66. To: eskimo (#64)
LOL!! When you have no logical argument you invent stupid, childish innuendo to spit at others. I quess that is what makes you slugs so entertaining, like a small child telling absurd knock-knock jokes.
#67. To: eskimo (#65)
LOL!! Hell, we paper the the walls whith them.
#68. To: mininggold (#67)
#69. To: eskimo (#68)
LOL!! I get my gold from the same creek I get my water. You really are not too bright, so just ask and I will try to help you fix that.
#70. To: mininggold, eskimo, lucysmom (#69)
#71. To: mininggold (#69)
#72. To: Godwinson (#70)
(Edited)
I wonder how grocery stores will give change on gold?
I'll have them niggers voting Democratic for two hundred years -- Lyndon Johnson
#73. To: Godwinson (#70)
wonder how grocery stores will give change on gold? In the olden days people used to file down the coins and cheat people.
#74. To: eskimo (#71)
LOL!! You really only know enough to be childishly paranoid. The water soluable percentage of naturally occuring metals is not what you imagine or no water would be safe to drink.
#75. To: jwpegler, mininggold (#72)
If the government got out of the way, what would certainly evolve is a system of digital currencies
#76. To: Godwinson (#70)
If paper is backed by gold is the model - for this size economy a dollar bill would be worth maybe an atom of gold.....
#77. To: mininggold (#74)
Which means you haven't tested it.
#78. To: eskimo, mininggold (#76)
The "economy" has become unsustainable even with limitless printing of paper funny money.
#79. To: eskimo, mininggold (#77)
Which means you haven't tested it. Oh, but I have, for more than half a century.
#80. To: Godwinson (#79)
Yukon likes sticking things in his mouth,,,,,
#81. To: Godwinson (#75)
Hey before the govt printed money every store or bank in America printed its own money.
#82. To: Godwinson, badeye, capitalist eric (#75)
Somalia
I'll have them niggers voting Democratic for two hundred years -- Lyndon Johnson
#83. To: jwpegler (#82)
(Edited)
America and the rest of the western world invented these things. We invented most of them when government was largely irrelevant in our lives.
#84. To: Godwinson (#83)
(Edited)
The govts of the USA and abroad invested heavily in the development of most if not all these inventions
I'll have them niggers voting Democratic for two hundred years -- Lyndon Johnson
#85. To: mininggold (#48)
Gold is way out of whack right now,
Going to be interesting to watch, and fun since I'm not invested in it. Are you?
#86. To: jwpegler (#82)
America and the rest of the western world invented these things.
#87. To: socalv8 (#85)
(Edited)
Out of whack, the new norm or the lowest it will ever be again...
I'll have them niggers voting Democratic for two hundred years -- Lyndon Johnson
#88. To: eskimo (#86)
(Edited)
I'll have them niggers voting Democratic for two hundred years -- Lyndon Johnson
#89. To: jwpegler (#84)
Show your sources on how government investment created the Automobile, Airplane, Assembly Line, Light Bulb, Telephone, etc.
#90. To: Godwinson (#89)
#91. To: Godwinson (#89)
Wright Brothers would have gone nowhere if not for govt military contracts
#92. To: socalv8 (#85)
Going to be interesting to watch, and fun since I'm not invested in it. Are you?
#93. To: A K A Stone, lucysmom (#91)
Yeah. Planes and automobiles would never have been invented if it weren't for the government.
#94. To: jwpegler (#87)
If the Fed pursues a "Quantitative Easing" #3, we'll see gold at $2,500 an ounce.
#95. To: mininggold (#92)
most I obtained by my own labor
#96. To: socalv8 (#95)
(Edited)
Is a license required to mine on your own? If not, it will soon, imho.
#97. To: mininggold (#96)
#98. To: socalv8 (#97)
(Edited)
Interesting, I'd guess that if gold prices skyrocket BLM and Fed Service lands will "lawyer up".
#99. To: socalv8 (#97)
Interesting, I'd guess that if gold prices skyrocket BLM and Fed Service lands will "lawyer up".
#100. To: Godwinson (#89)
(Edited)
Govt built roads that made the auto practical to own...
I'll have them niggers voting Democratic for two hundred years -- Lyndon Johnson
#101. To: Godwinson (#93)
You seem to forget that the national road system was only built in the USA after WW2 by that commie Ike Eisenhower.
#102. To: lucysmom (#101)
Real, freedom loving Americans should refuse to drive on them socialist highways.
#103. To: mininggold (#102)
Or use those socialist airports, or use communications involving satellites that are monitored by our socialist military to keep them from hitting each other.
#104. To: jwpegler, mininggold, lucysmom (#100)
(Edited)
No. You said: "The govts of the USA and abroad invested heavily in the development of most if not all these inventions". You are completely wrong, so now you are changing your story.
#105. To: mininggold (#99)
Right now our lands are being used as assets for debt collateral. The Chinese want them as pristine as possible.
#106. To: lucysmom (#101)
Real, freedom loving Americans should refuse to drive on them socialist highways.
#107. To: lucysmom (#103)
they'd boycott the internet.
#108. To: Godwinson (#104)
There is no change in my story.
#109. To: socalv8 (#106)
Fake, profit hating Americans should insist on walking only on them there communist hiking paths.
#110. To: lucysmom, socalv8 (#109)
#111. To: Godwinson (#110)
(Edited)
We commies can walk on trails and drive on highways since they are both built and maintained by communist tax dollars.
#112. To: lucysmom (#111)
And we can enjoy ourselves because we're not consumed with bitterness.
#113. To: lucysmom (#109)
That doesn't make sense.
#114. To: Godwinson (#110)
We commies can walk
#115. To: lucysmom (#111)
Let's not forget our socialist sidewalks, sewers, and home invasion by socialist water.
#116. To: Godwinson (#112)
I think the "socialist" canard is used to hide the fact that blacks are allowed to walk on the same side of the streets as whites
#117. To: socalv8 (#114)
Gum chewing next semester?
#118. To: Skip Intro (#115)
Make that "socialist fluoridated water".
#119. To: lucysmom (#111)
And we can enjoy ourselves because we're not consumed with bitterness.
#120. To: lucysmom (#117)
#121. To: Get Outta Dodge! (#119)
#122. To: lucysmom, mininggold, gooberloserton, ALL (#111)
#111. To: Godwinson (#110) (Edited)
#123. To: socalv8 (#121)
Jeez...that Pelosi pic...Is this what Women's Lib brought us? FAIL.
#124. To: Mad Dog, lucysmom, mininggold (#122)
Which is supposed to "prove" somehow that "the others", (conservatives in this case, wink wink, nudge nudge), are stoopid and incapable of analytical thought.
#125. To: socalv8, lucysmom (#120)
Once again you answer a post directed at Godwinson. Got something to tell us?
#126. To: socalv8 (#120)
Once again you answer a post directed at Godwinson. Got something to tell us?
#127. To: mininggold (#125)
Since when are we allowed to only answer the questions specifically directed to us?
#128. To: lucysmom (#126)
I like what you post to Goodwinson better.
#129. To: Godwinson (#124)
MD; Which is supposed to "prove" somehow that "the others", (conservatives in this case, wink wink, nudge nudge), are stoopid and incapable of analytical thought.
#130. To: Mad Dog (#129)
#131. To: Godwinson (#130)
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