Peak Oil News and Message Boards

Hawkcreek wrote:

pstarr wrote:onlooker, I see this either of two ways: the investor really believes the artificial intelligence/robotic/tesla hype and believes in the Singularity; or they are feeling particularly apocalyptic and are just cruising to their doom with a big old 'f#ck-all' attitude.

Since central banks own 50% of all global equities, there may not be a slowdown any time soon. They may just keep throwing debt created money at the market to keep it going up, and the end result will play out as massive inflation, to be paid for by the peons.
http://secretsofthefed.com/is-the-fed-using-a-loophole-to-prop-up-the-stock-markets-through-the-swiss-central-bank/

Or they may manipulate the System into collapse and repossess and foreclose landed and other properties that were exposed in health, retirement, real estate, and life insurance equities. When price disclosure gets going after a crash, most will find themselves in the poor house as massive unemployment will ensue. The Banks will swoop in like vultures to take control of properties and assets

onlooker wrote:Or they may manipulate the System into collapse and repossess and foreclose landed and other properties that were exposed in health, retirement, real estate, and life insurance equities. When price disclosure gets going after a crash, most will find themselves in the poor house as massive unemployment will ensue. The Banks will swoop in like vultures to take control of properties and assets

Yep, that is another valid direction.
Either way, the peons will go back to being true, acknowledged, peons.
Your local lord will have the power of life or death over you.
And at some point, the circle will turn the other way.

Maybe thus can be a catalyst
http://www.informationclearinghouse.inf ... e44524.htm

The Collapse Of The Western Fiat Monetary System May Have Begun

onlooker wrote:Maybe thus can be a catalyst
http://www.informationclearinghouse.inf ... e44524.htm

The Collapse Of The Western Fiat Monetary System May Have Begun

Are you believing this stuff?

vtsnowedin wrote:Are you believing this stuff?

Most of it looks pretty accurate to me. What part(s) don't you believe?

Hawkcreek wrote:

vtsnowedin wrote:Are you believing this stuff?

Most of it looks pretty accurate to me. What part(s) don't you believe?

It is actually probably because V, does not like the source

As soon as a piece mentions the "Rothschild family." I know it is just another gold bug conspiracy theory ad.
Go buy some gold backed Russian rubles and stash them in your safe. I'm sure you will make a bundle on them.

LOL if you aren't in the stock market right now you are practically giving money away.

Gold LOL

vtsnowedin wrote:As soon as a piece mentions the "Rothschild family." I know it is just another gold bug conspiracy theory ad.
Go buy some gold backed Russian rubles and stash them in your safe. I'm sure you will make a bundle on them.

Stack a bunch of US hundred dollar bills in your safe for about 10 years, and let me know how much they are worth in year 2000 purchasing power, when you take them out to spend.
I know, I know, that is part of the conspiracy -
We absolutely have no appreciable inflation.
Our currency is perfectly stable.
The private banks that make up the Fed are just looking out for our welfare.
Say that over and over, and then click your heels together three times.

Or as the Indian proverb says "When the Last Tree Is Cut Down, the Last Fish Eaten, and the Last Stream Poisoned, You Will Realize That You Cannot Eat Money"

Cog wrote:LOL if you aren't in the stock market right now you are practically giving money away.

Gold LOL

The article was referring to gold backed currency, not Gold LOL.

Hawkcreek wrote:

Cog wrote:LOL if you aren't in the stock market right now you are practically giving money away.

Gold LOL

The article was referring to gold backed currency, not Gold LOL.

That is just two stages of the same disease. like chicken pox and shingles.
I bought some precious metal the other day. It was steel, painted John Deere green and will last longer then I will.

vtsnowedin wrote: That is just two stages of the same disease. like chicken pox and shingles.

Do you have any back up for that, or is it just supposed to be a cocktail party move-on line?
And if gold backed currency is a disease, what type of terminal illness is non-gold backed currency?

Hawkcreek wrote:

vtsnowedin wrote: That is just two stages of the same disease. like chicken pox and shingles.

Do you have any back up for that, or is it just supposed to be a cocktail party move-on line?
And if gold backed currency is a disease, what type of terminal illness is non-gold backed currency?

The fact is there is just not enough precious metals in the world to serve as the currency for seven billion people. Just the wear and tear of coin rubbing against coin would bankrupt us. We have moved on to better forms of money most of which are just entries in bank accounts and computers where wear and tear or the cost of mintage is not an issue.
That is not to say that deficit spending can't devalue a currency but bad governments used to bankrupt countries even when they were on a gold standard. Balanced budgets are the goal. Buying gold does not help.

vtsnowedin wrote:The fact is there is just not enough precious metals in the world to serve as the currency for seven billion people. Just the wear and tear of coin rubbing against coin would bankrupt us. We have moved on to better forms of money most of which are just entries in bank accounts and computers where wear and tear or the cost of mintage is not an issue.
That is not to say that deficit spending can't devalue a currency but bad governments used to bankrupt countries even when they were on a gold standard. Balanced budgets are the goal. Buying gold does not help.

So why couldn't we use electronic analogs for a base currency that is precious metals?

The metals could sit safely in vaults/repositories and back the electronic analogs.

Politicians couldn't arbitrarily inflate it away or print it out of thin air by the $trillions.

It wouldn't magically cure deficit spending, but it wouldn't allow politicians to steal all our money via inflation -- which with paper currencies they ALWAYS do -- it's only a question of the speed.

vtsnowedin wrote:The fact is there is just not enough precious metals in the world to serve as the currency for seven billion people. Just the wear and tear of coin rubbing against coin would bankrupt us. We have moved on to better forms of money most of which are just entries in bank accounts and computers where wear and tear or the cost of mintage is not an issue.
That is not to say that deficit spending can't devalue a currency but bad governments used to bankrupt countries even when they were on a gold standard. Balanced budgets are the goal. Buying gold does not help.

Well, at least you have your opinion to back up your opinion. That is better than some.

Outcast_Searcher wrote:

vtsnowedin wrote:The fact is there is just not enough precious metals in the world to serve as the currency for seven billion people. Just the wear and tear of coin rubbing against coin would bankrupt us. We have moved on to better forms of money most of which are just entries in bank accounts and computers where wear and tear or the cost of mintage is not an issue.
That is not to say that deficit spending can't devalue a currency but bad governments used to bankrupt countries even when they were on a gold standard. Balanced budgets are the goal. Buying gold does not help.

So why couldn't we use electronic analogs for a base currency that is precious metals?

The metals could sit safely in vaults/repositories and back the electronic analogs.

Politicians couldn't arbitrarily inflate it away or print it out of thin air by the $trillions.

It wouldn't magically cure deficit spending, but it wouldn't allow politicians to steal all our money via inflation -- which with paper currencies they ALWAYS do -- it's only a question of the speed.

You and I would never know how much gold was actually in the vaults or if it was real or gold plated lead bricks.
I don't think you can peg a currency to one rare substance. It has to be a composite of all the useful things in the GDP of a country. A dollar is worth exactly what you can buy from a willing seller for a dollar. $49 / barrel oil. $30K automobiles, A root canal and crown for $800, $3.50/lb hamburger. etc.etc.

http://www.cnbc.com/2017/04/27/us-markets.html
Nasdaq closes at a record high ahead of major tech earnings
The irrational exuberance continues

onlooker wrote:http://www.cnbc.com/2017/04/27/us-markets.html
Nasdaq closes at a record high ahead of major tech earnings
The irrational exuberance continues

And that is just on the promise of a tax cut. Let them actually pass it and have Trump sign it into law and they will be off to the races.

Hawkcreek wrote:

Newfie wrote:That's why I keep saying the percieved wealth of the 1% does not really exist.

If you have control of something, you effectively own it.
If you control all worthwhile assets, including manufacturing, housing, food, toys, etc, you are the lord, and all the rest are your servants.

But those 5 are not "worthwhile assets", they are at best intellectual property. And in the case of Facebook, it's simply an advertising platform. Should we see a lo k up of the global economic system they would all fall flat ina heart beat.