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The Photo That Reveals Why US and EU Bankers Despise Russia's Putin So Much
Below is the photo that reveals why US and EU bankers despise Russian President Putin so much. As a quick experiment, type "Obama, gold" and "Cameron, gold" into Google images and conduct a search. You will discover that theses searches come up empty. Any similar photos to the one below by US President Obama or UK Prime Minister Cameron would be a massive betrayal of their puppet masters - the BIS, the IMF, the World Bank, the ECB, the BOE and the Federal Reserve.
Simply put, physical gold and physical silver are real money. The US dollar and the euro are not.
Russian President Vladimir Putin displays his fondness for gold
And in case you've missed them, our most recent SmartKnowledge videos are listed below:
What Bankers Want With Ukraine
The History of Gold and Silver Clearly Tell Us Where it is Heading in the Future
Another JP Morgan Banker Dead: It's DefCon1 for the Criminal Banking Industry
Connect the Dots: The Power of the Lone Dissenter to Bring About Change
What the Chinese Yuan is Telling Us is Coming
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We've got Putin right where he wants us.
Walk out of your house and try to find an ounce of paper; walk out of your house and try to find/mine/refine an ounce of gold - 5,000 years and many people of the past have concluded that gold is a store of value....
One of you gold guy explain to me why gold and silver have value.
Other than that they don't rust, or that they are rare, or that they have high mass.
Many elements meet those requirements, many materials as well.
Other than "This is what people used for money before electricity, plumbing and Latin", why are they a store of value?
How many FRN vaults have banks constructed that are 80 feet below street level and 50 feet below sea level? Why won't our government allow Ft Knox to be audited? In your mind even if it was found to be empty there would be no impact on the markets, correct?
Leraconteur One of you gold guy explain to me why gold and silver have value.
I refuse to answer your question because you should be able to do your own research.
It's because there's no counterparty; and because there really isn't any other material available. "Many elements meet these requirements" is a very foolish statement. There isn't enough Platinum to do anything with; you can't ignore human history; because it partially defines what human beings are. Gold, Silver, and Copper were used for money when there was plumbing and Latin; during the Roman Empire, for instance. What wonderful advantage of paper that's valuable because a nice man from the Govt. said it was do you find ?
What a fucking troll you are. The answeris and has been there for thousands of years and you still ask the stupid central banker dumb-ass questions to promote your bullshit propaganda.
Whew! I feel better now. Read below asshole(especially the part about "hard to counterfeit"):
What are the properties of money? Labels: macroeconomics, money The major desirable properties that money should have include:(1) a numeraire: This means that goods and services can be valued easily in one term of measurement, such as dollars. This is instead of valuing 1 t shirt as 3 fish, or 4 shoes, we can value it as $10.
(2) a means of exchange: This means that we can use money to exchange for goods and services instead of barter.
(3) a store of value: This means that we can delay our purchases or save for future spending. If money were denominated in fish, we would have to get a new supply every few days and the store of value would not be very good. If we put $1 under the couch, a year from now it is still worth $1, not spoiled and stinky.
(4) a source of liquidity: Liquidity means that it can be exchanged for goods and services very easily (similar to 2). If we use money to purchase a stock/bond/CD or house, it is no longer liquid, but holding money is an easy way to save money but still be able to use it readily.
Other properties money should have:
(A) Money should be easy to transport and identify
(B) Money should be durable, easily divisible, hard to counterfeit and easy to store.
One of you gold guy explain to me why gold and silver have value...
It could very well be it doesn't take a Mt. Gox type exchange to facilitate a trade like BTCs depend on, nor the trading expertise, market making magic and political extortion techniques required to trade in GS / Al Gore denominated Carbon Credits. They're far more universally accepted in trade by the 99.999 percent.
Scarcity, aesthetics, divisability, equality of mass (not all diamonds of the same size are equal but gold is (per purity)), maleability.
The only people who tell the masses gold is not valuable are the people who want to buy it for a cheaper price. Gold is power. Always has been, always will be.
In order to get those elements, gold and silver, into coin and bullion, it takes WORK. People have to mine it out of the ground, melt it down, purify it and coin it. It takes WORK. Think of it as a store of somebody's WORK. Now look at the piece of paper in your wallet. It is PRINTED. They print THOUSANDS of sheets of paper at a time. It does not take any WORK. Are you getting it yet?
None of your answers suffice other than 'Habit' and 'We did this for a long time' and 'The other guy does it'.
That's not a logical reason.
Sand takes work to convert to glass. It takes work to dredge up and it does not age, staying as little bits of silicon dioxide for a long time. So age is out.
Rocks age over millions of years. Slate, Volcanic rock is good.
Many elements do not rust. Plastic stays around for ever and if you believe peakers it's finite.
Oyster vomit, worm poop, there is not any compelling reason that isn't rooted in a habit from a superstitious time 5,000+ years ago.
Sure, I have some of this stuff but there isn't a good reason to hold it other than old habit and I don't see any intrinsic value in it.
It isn't even that rare.
What an idiot you are. Sand does not WORK. People WORK. That's why it's called a STORE OF VALUE.
Go buy moar stawks.
Therefore anything that requires people working to make into a product is a store of value.
Thus glass bricks would be a good store of value. Cut stone. Carved volcanic glass.
Copper, Iron, Phosphate, Coal, anything out of the ground fits your definition.
Try again, you guys are failing.
Items #1-12 should offer a good start. The rest of the list is a bit dubious.
http://mbfinfo.blogspot.com/2011/11/qualities-characteristics-of-good-mo...
Unless we return to barter the world has to use SOMETHING as a foundational basis for money, Mr. Racontour. The fact that gold has no intrinsic value yet satifies the properties necessary to act as an efficient form of money is precisely why it is so valuable. Unlike commodities gold is not consumed thereby allowing for growth in its stock and mitigating the risk that it might be used up. Currency does not need to hold intrinsic value; that should be obvious by now. What separates currency from money is the fact that money is capable of permanently liquidating a debt whereas currency merely swaps one debt for another. If you were in the business of issuing interest bearing debt would you prefer that the world use currency or money in day to day transactions? Is gold money, Mr. Racontour? We shall leave you now to ponder this on your own.
Rocks are not consumed and last for eons.
Sand stays in its granular state for almost as long.
Your definition of money fits far too many elements and physical items on this planet. Any commodity suffices. Rocks, sand, lava, volcanic glass.
Try again.
The fact that gold has no intrinsic value yet satifies the properties necessary to act as an efficient form of money is precisely why it is so valuable.
Guys like LeRaconteur don't realise that the fact gold makes such excellent money is an 'intrinsic value' in itself.
Perhaps the best answer to your question is an action: I put an oz of gold and an oz of worm shit in front of you. You can leave with one, the other stays. Which do you take? Do you have an answer as to why?
Ah so your question was not a question. You've already made up your mind. My recommendation to you is to not ever buy any precious metals. They will be useless in your case.
Better yet, get short on margin.
"Tradition"
:)
barbarism.
certainly the best money when and if barbarism returns.
also gold is the most ductile, malleable, and electroconductive material.
This metal has been a valuable and highly sought-after precious metal for coinage, jewelry, and other arts since long before the beginning of recorded history. In the past, the Gold standard has been implemented as a monetary policy, but it was widely supplanted by fiat currency starting in the 1930s. The last gold certificate and gold coin currencies were issued in the U.S. in 1932. In Europe, most countries left the gold standard with the start of World War I in 1914 and, with huge war debts, did not return to gold as a medium of exchange. The value of gold is rooted in its medium rarity, easily handling, easy smelting, non-corrosiveness, distinct colour and non-reactiveness to other elements; qualities most other metals lack. (wikipedia)
let's see, widely supplanted since the 1930's because many countries couldn't pay war debts. why that's as much time as an old person has lived! "since long before the beginning of recorded history" on the other hand....
.....and nowhere is more than about a week from Barbarism if the 18-wheelers don't roll and USTs get dumped.
Gold is the best conductor of de bizziness, but not juice.
Silver is the best conductor. Then copper. Then annealed copper, then gold. It's at 3rd or 4th place as a conductor of electricity.
It is, however, a better conductor than tungsten, so China's gold is moar conductive than ours.
I can't just sit here and let people claim something is a better conductor than my baby silver.
Just ask yourself one question.
Why do central banks and governments hold it?
Now get back to your Hot Pocket.
No one has ever printed a legal tender clause on an ounce of gold and yet for some reason, despite a century long war against its reputation by governments and the global banking cartel (which are one and the same), it retains its role as a store of value. Perhaps gold haters should take a deep breath, relax, think about the amount of conditioning they've suffered under the fiat currency financed warfare state, and re-think their position.
Neither a borrower nor lender be.
across the globe everyone agrees gold is money (except the US of course)
Then why does the US Mint still mint gold and silver coins? They just don't want the masses to realize it's money but they know it is.
Also kinda explains why the US is not on the metric system. /s
US shares this honor with the only other country that does not use the metric system "Myanmar". Great pair.
Indeed, indeed. With our brothers the Myanmareans by our side; we fear nothing.
But our NSA whips the ass of their SLORC.
i think that most of its value it's due to the fact you cant print it. ;)
Which feeds into the fact that the Govt. can't anounce on Sunday that starting Monday, "New Dollars" will be worth one tenth of an old dollar. As Govts. have done in about 40 modern countries in the twentieth century alone. France, that great bastion of financial knowledge and fiscal fidelity drove its own currency to zero twice in one Century; the century in which the USA was formed, this was one important reason the Consitution says Gold and Silver money; and not "anything you want".
why does a picasso or van gogh have value? or an old corvette? or an antique vase? or the child of a banker being held hostage by some fringe group in a third world country? gold's value goes back to the annunaki. i think they mined it for aircraft parts
Thats what the Fed told the germans, the annuaki came down and needed ALL your gold so they could get back home...
We've got Putin right where we want him.
at the side of the gun that holds the trigger?
Calm, calm. Have a waffle, you'll feel better.
Ahh, that warm fuzzy feeling you get when holding a bar of gold.
Can't help but smiling with a 200 oz. brick in your mitts.
I've never held onto one; but I was going to post that if you take two Mexican 50 Peso Golds and balance them on your finger-tips you can ring them together like little cymbals; the sound they make does something in your brain. I remember when my Grandfather came back from a trip to the old country, Germany, when I was about 11, in 1954, and gave me a small handfull of European money; it was all aluminum, and what have you, junk metal coins; and I spontaneously burst out, "that's not money". Which turned out to be correct.
One could say that any regime is corrupt as the currency it produces.
"My guillotine has a heart of steel and a cutting wit."
Those look like 27lb dumbbells (400oz GDBs).
I wonder why Barry doesn't counter with his own staged photo-op. It could be that either 1) he has no gold bars to show off or 2) his minders are afraid of the expression on his face when girly man tries to lift a meager 27 lbs...
Because Americans would be more impressed if he stood beside a couple of pallets of FRNs.
I wonder why Barry doesn't counter with his own staged photo-op.
You mean like the one where he was "sporting around" with a shotgun? Talk about your fish outta water!
Pussy couldn't hold one up without help.
Barry could do a photo op with a roll of $100's, thats about all he could lift...Maybe they could get Ben to help lift :)
He'd look like a pimp, when in reality he's a whore.
Yawhol , mein herr Oberst.
Ja, Mien Herrball!
FORWARD KONZENTRATIONSLAGER!