tag:blogger.com,1999:blog-3994625322780053753.post3026131754717199308..comments2024-01-09T01:04:09.577-08:00Comments on FreeGoldObserver: Why no banana republic price inflation yet ? Its all about the store of value functions and medium of exchange functions. Mhttp://www.blogger.com/profile/14298632737279907377noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-3994625322780053753.post-89244437209569625442015-11-19T00:38:49.188-08:002015-11-19T00:38:49.188-08:00What is important about the black and white issue ...What is important about the black and white issue is that it is peripheral. What is not peripheral is that fiat is illegal under both British and US law in the sense that the considerations in a contract must have specie, while fiat lacks specie<br />.<br /><br />For example the Governor of the Bank of England promises to pay the bearer one Pound - so the teller takes the customer's Pound note, moves it down and out of sight, turns it around, and gives it back to the customer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3994625322780053753.post-35926483126448953582013-11-03T14:26:02.319-08:002013-11-03T14:26:02.319-08:00Yeah I agree with you. For some reason though, peo...Yeah I agree with you. For some reason though, people have issues with the black on white. I don't get it....Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-3994625322780053753.post-58250926063559680892013-09-24T21:22:38.235-07:002013-09-24T21:22:38.235-07:00It not that gold is a bubble - it's that fiat ...It not that gold is a bubble - it's that fiat is a lead balloon.<br /><br />This explains why "There hasn't been a bear market in gold priced in Indian Rupees for 50 years."<br /><br />JalaluddinAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3994625322780053753.post-72038518571616777762013-09-20T21:31:27.299-07:002013-09-20T21:31:27.299-07:00You've got to be kidding me. White on black is...You've got to be kidding me. White on black is the easiest on the eyes. With a white background, you're essentially firing a huge floodlight into your eyes with some blacked out areas. With a black background, only the relevant text is highlighted. Maybe changing the contrast settings would help Anonymous above?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3994625322780053753.post-73346581259448664802013-09-20T05:47:47.662-07:002013-09-20T05:47:47.662-07:00I'll change one of these days..There has been ...I'll change one of these days..There has been a few complaints. Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-3994625322780053753.post-86067080731685948212013-09-20T05:46:59.172-07:002013-09-20T05:46:59.172-07:00The petrodollar is part of the reason why so much ...The petrodollar is part of the reason why so much savings is denominated in dollars. Which is why the US can print so much without causing serious prince inflation. (yet) <br /><br />But its the forced savings through Bretton Woods 2 that gives the petrodollar this printing ability. Just the use of it as a medium of exchange and reference point does not give it the printing ability. Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-3994625322780053753.post-32631674694018384582013-09-20T05:30:11.656-07:002013-09-20T05:30:11.656-07:00Countries have torn up the "treaty" (dik...Countries have torn up the "treaty" (diktat actually) and it is "game over" for the great satan.<br /><br />JalaluddinAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3994625322780053753.post-87675712264744395282013-09-19T22:34:30.834-07:002013-09-19T22:34:30.834-07:00petrodollar, is the more likely reason. That is wh...petrodollar, is the more likely reason. That is what Iran, Syria and Iraq were trying to get out of & that is why Merica wants to war with them. If countries tear up the treaty and use another currency, then the games over for Merica.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3994625322780053753.post-6210613316143438302013-09-19T06:10:09.943-07:002013-09-19T06:10:09.943-07:00It is already separated in a lot of countries. You...It is already separated in a lot of countries. You are living in the bubble.<br /><br />There hasn't been a bear market in gold priced in Indian Rupees for 50 years. The 80's ? Nope. Look at a chart.<br /><br />Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-3994625322780053753.post-34240603111980526322013-09-19T06:07:32.321-07:002013-09-19T06:07:32.321-07:00The millionaires (producers) still use the local t...The millionaires (producers) still use the local transaction currency to make their surplus. They still do business there.<br /><br />When I went on a holiday in Jamaica, I didn't check what the debt/GDP or CPI was before I withdrew some local cash to enjoy my holiday. I didn't give a damn because it doesn't matter. The local CB knows it cant print. <br /><br />Banana republics are not in a state of perpetual hyperinflation like you seem to think the west will be in if everyone saved in gold. Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-3994625322780053753.post-80292350948762497552013-09-19T04:04:23.418-07:002013-09-19T04:04:23.418-07:00Gold is a SoV. SoV and MoE can not be separated. C...Gold is a SoV. SoV and MoE can not be separated. Close loop systems in place, though time delays and manipulations can skew the relationship at various points in time. Gold (SoV) is rising respecting the $ (MoE), that is, they can not be separated, indefinitely. <br /><br />Derrick Michael Reid<br />http://totalcontrol.blogtownhall.com/<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3994625322780053753.post-58797935936259325102013-09-18T18:56:02.265-07:002013-09-18T18:56:02.265-07:00The capitalist system (both the corporate and stat...The capitalist system (both the corporate and state) Rape and Pillage Mk II failed in Afghanistan/Iraq/Syria) and its virulence is no longer mistaken for vigour, and the fissures begin to show.<br /><br />The corporate capitalists have serious internal splits which I will not detail, but the fatal split is between corporate and state, with both transmuting into new forms: the US controlling the Pacific Rim and loosely controlling Western Europe through the Third Reich (it was never dissolved) on behalf of the bankers (i.e. assorted Zionists), and the BRICS rebelling and building another financial system.<br /><br />So the US system can still do currency swaps with S.E. Asia and Japan and maybe Western Europe and prevent all out inflation at the US centre of the funny money scam, but the rebellion is so widespread that it is impossible to stop by the usual method namely intimidation and, if that fails, assassination.<br /><br />As the system fails fools grasp at straws (more fiat "solutions") while others begin to trade in "gold" (by which is meant: gold, platinum, palladium, other metals, wheat, barley, rice ... i.e. anything real and with a reasonable shelf life)<br /><br />JalaluddinAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3994625322780053753.post-78409420549439631602013-09-18T18:51:20.084-07:002013-09-18T18:51:20.084-07:00There is a fundamental flaw in the "Freegold ...There is a fundamental flaw in the "Freegold theory" and it seems Jim Willie understands that. Banana republics show what happens when Freegold is being practised and indeed (a) valueless tokens are being used as exchange and (b) gold is the store of value: the medium of exchange collapses in hyperinflation. So Freegold leads to hyperinflation, that is: the fiatmoney-for-exchange they support inevitably leads to it. Some major fiatcurrencies nowadays are in for that. One could even say Freegold is a myth: it's fiatcurrency that reigns and gold is only up to the people to discover and use as a safe haven. There's no official role for gold there. The flaw of the Freegolders is that they nevertheless uphold the "not gold, but valueless money should be medium of exchange" theory. I don't think only "millionaires and billionaires" do collapse a currency, but everyone in the country does, not just the rich ones. The currency collapses even faster. So Freegold does not work. It leads to collapse. That's why TPTB hate gold and silver and manipulate it to hell with their "paper gold and silver" supply. Physical gold and silver as money only can cure this flaw and fraud.GoldBugnoreply@blogger.comtag:blogger.com,1999:blog-3994625322780053753.post-12814113328062142592013-09-18T18:01:53.911-07:002013-09-18T18:01:53.911-07:00Yet another example of describing the present (the...Yet another example of describing the present (the US being a member of the Banana Republic Club) as the future: "the US will join the banana republic club".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3994625322780053753.post-12383434980745658312013-09-18T17:39:02.119-07:002013-09-18T17:39:02.119-07:00I've been doing this for a few years now, but ...I've been doing this for a few years now, but had never really thought much about it. It just seemed like the sensable thing to do.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3994625322780053753.post-30971167282250456262013-09-18T17:25:10.746-07:002013-09-18T17:25:10.746-07:00Wow! Thank you for this! Certainly a point of vi...Wow! Thank you for this! Certainly a point of view I had never considered.Anonymousnoreply@blogger.com