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StealthFlation!!! Got Gold?
The StealthFlation Blog
Money is stored labor. Labor is part of human life.
To devalue money is to debase life itself.
It's not about today's Dollar and Treasury safe haven bid, it's about tomorrow's confidence in our monetary system. Are you confident in the malignant malfunctioning monetization?
STEALTHFLATION: An intractable economic condition that inevitably arises as excessively issued fiat currency compulsively pursues non-productive wealth assets in a grossly overleveraged economy, which has been artificially reflated by monetary authorities in a misguided attempt to synthetically engineer growth via extreme monetization. (Money Printing & Interest Rate Suppression)
This effectively prevents the real economy on the ground from realizing the healthy normalization of free market forces necessary to genuine bottom up capital formation, which is essential for generating legitimate and sustainable economic growth.
Under the imposition of StealthFlation, asset prices are inordinately inflated while the generative velocity of money is eviscerated. Worse still, the seeds of hyperinflation are sown, as the overtly financialized economy becomes increasingly dependent upon the interminable monetization.
They Will Reflate! There Won’t Be Growth! There Will Be Blood!
THE ORIGINAL 90% SILVER ROMAN DENARIUS
DEBASED TO LESS THAN 5% SILVER – BY 350 A.D. IT WAS WORTHLESS
Happy Holidays from the StealthFlation blog, be sure to stuff some gold bullion in your Christmas stockings.
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All value is subjective.
Any measurement of value is a collective hallucination.
No. It all starts with a mesurment that is correct and repetable over time.
The result of any measurement , including value , is subjective. Please tell me what the "correct" measuerment of anything is if not agreed on by all parties ? ie a collective hallucination of the results of that measurement , or value.
I think that Bitcoin was developed by the US to get buy in by developers to implement digital payment systems. The road to Hell is paved in digital payments...
Hey dummy
The cheaper everything gets as a result of technology, the more necessary gold becomes. Because there is an inflated VOLUME of savings.
That is incorrect.
Technology is displacing gold. Just like the word processor displaced the type-writer or the jet engine displaced the internal combustion engine. There are still some uses of the internal combustion engine just like there will still be some uses for gold , but nowhere near what you guys think it will be. Don't be shocked when you see gold at 400 dollars an ounce and BTC at 10k.
Just because
https://www.youtube.com/watch?v=1CaTY1VFTPA
Never gets old.
This is like watching an argument between dumb and dumber. Bitcoin is a currency, and while it is useful, it has plenty of drawbacks (e.g. vulnerable to 51% attack, not anonymous, etc.). Gold is the ultimate currency, as even central bankers acknowledge. Do you see any CBs storing bitcoins in their reserves? Why do you suppose that is?
Yea? Come get some.
"Money is an idea backed by confidence" Thank you for that.
That's exactly right in my view, and I would only add that Gold best expresses that ideal. It's not about the Gold itself, it's about the ideal idea of money which Gold represents and stands for.
Actually both of you are a generation behind in your thinking.
Money CAN have 3 roles. There is nowhere in the cosmos written that it must be all 3 things.
The new era will show us that currency is a poor store of value and so we will seek other ways to store value. Gold will be the top choice especially for savers.
The euro is leading the way. It holds gold marked to market as it's #1 reserve. It is positioning it's self to be a transactional currency only. NO pretention of being a SOV. That is why gold is marked to market...if the people find the euro wanting they will demand more euros for gold. That is why NIRP, a clear message...do not try to save in this currency.
These are new ideas from the minds of Rueff, Mueller, Duisenburg, Triffin and many others who worked to create the euro. The problem of inflation of the MOE causing loss in savers SOV can be resolved. All we need is one good funeral, that of the dollar.
How do you pay somebody in physical gold across a trans national border in 15 minutes ?
Answer: You cannot.
Solution: Bitcoin.
Don't know why you got downvoted so many times...
Because he's trolling a gold story promoting his nsa wet dream fiat currency (probably a paid shill).
Thats what lawyers, escrow accts, banks are for.
Mr. L.A.,
i have seen and can take possession of and transfer Mr. X 100 ozs phyzz Ag. upon your signing the contract.
Mr. N.Y.
thank you. i am signing the contract authorizing the transfer of said 100 ozs from L.A. to N.Y. whereupon the contract shall be fulfilled.
You can do all that in 15 minutes and at zero cost ? Wow. Sounds like the Type-Writer is going to make a comeback after all.
When electricity is decentralized Bitcoin may have some merit, but right now TPTB are holding the plug.
This is true even for the internet itself. ISPs and Cable companies would gladly block any and all Crypto currency sites, protocols and addresses for a tax break or legislative favor. For bitcoin to be a candidate for money, electricity AND the internet network topology would have to be decentralized absolutely.
Ever heard of solar panels?
Interesting question: How do you pay somebody in physical gold across a trans national border in 15 minutes ?
Currently, the common person cannot do this. But it cannot be that difficult. All you would have to have is to pay with gold here and have gold transferred there simultaneously. Et voila. I think I just made somebody a lot of money--the intermediaries would take their cut as a percentage. Stupid simple.
In fact, the kernel of this idea is how the banking system got started. People wanted a place to store their gold so they went to the jeweler who had gold storage facilities, placed their gold in storage and received a receipt in exchange. This receipt could be transported and was accepted as payment in a different locale. (The receipt was recognized as having the value of the gold for which it stood and was tradeable as a "currency". This system went off the rails when the jeweler/banker gave more receipts out than the gold they retained, the so-called fractional reserve banking system.)
Here is an idea, don't buy from outside the country. This would bring back the jobs in this country and people would start creating, building and manufacturing once again. I honestly cannot think of what some other country has that we could not produce our selves.
or you convert to fiat and just press send....forget using gold as a medium of exchange fiat works fine.
Gold is the superior store of value, when you get fiat in excess of what you need just buy gold. When you need fiat just buy it with gold. If these are done with a longer term outlook it can work fine.
Fiat is far superior to gold as a MOE. Why waste time trying to invent a way to use gold in that role.
As for the other way around, gold is a perfect SOV, fiat is always over-printed and people will never give it another chance. No matter how solemn the oath sworn, the printer and his backers in government and the people who vote will always conspire to see to it that 'just a little more' is created until once again the currency dies from hyperinflation.
Your government will consider dollars the same and tax you on your "gain" from storing your wealth in gold. Thus, when you transact, the don will take his cut. If you hold wealth in dollars the don will take his cut through devaluation. Either way, until you get a more powerful army, the don's getting his cut.
Never mentioned it as a means of exchange? It will back the next means of exchange is all.
And who exactly is going to provide the trust in that system ? The government ? A bank ? I don't think so......
money isnt a store of anything, the new currency is, or should be a transactional currency, gold is stored value, or capital, gold was once money, fiat was once money, there is no more money representing stored value, which implies the end of central banks, seignorage, and currency exchanges other than bitcoin. it does not portend the end of gold if anything gold regains its former value, as capital. note the argument between what is capital and what is money has already been made. they are not the same thing
Hello? That's the entire point my friend, real money is supposed to be a store of value.
Rest assured, Gold will be at the head of the table passing out the dinner rolls during the transitional deliberations as to what comes next.
Once the trust is eviscerated in the existing fiat regimes, Gold remains universally valued by all the players at the negotiating table, as such, it is to be used as the basis for the new currency.
Same as it ever was............
Sorry but you are wrong.
Bitcoin will be at the top table within 5 years.
I was incredibly WEALTHY with Bitcoins.
Then my battery died.
Bitcoin doesn't need batteries.
My cold wallets are lost in a boating accident, unfindable with a metal detector.
There is also no privacy in crypto currency, it's the totalitarian Govts wet dream. Impossible to do hand to hand transactions without leaving a digital record.
Never before in history anything became money without being first some appreciated commodity (for not putting your wealth in something that could go to ZERO).
BTC is a great protocol for decentralized (P2P) notarization with no need for a third party.
AFTER it being accepted as commodity (decentralized notarization system), it could become money.
I do follow many BTC advancements with enthousiasm, but you'll need to have a sit before BTC is really considered as money. Talking about decades. The survival instinct of people cannot be "re-programmed".
the confusion over capital and money is a perverse outcome. with money you buy and sell capital, when the banks failed in 2008 the fed tried to repair capital reserves by printing money, and we got the massive missallocation of economic resources we have today. with a transaction only currency the central banks will die like dogs in the street, so not only is transactional currency the right thing , it is the preferred solution.
I somewhat agree with you. for sure there is a lot of confusion about what is capital and what is money
in the old gold-as-money system, the process of saving in order to accumulate resources/capital was more straightford
this always led to regard gold-as-money as capital, but it's wrong. capital is what you get when you spend money. at which point it should produce something, as an investment leading to revenue. if not, then it was just consumption
I have to disagree with you my friend.
Although the concept and the ideal of Bitcoin as money is dead on, the trust and confidence factor in it's integrity and security is far from being established, very far indeed. Gold has over 6,000 years under it belt.
Sorry Charlie
If anybody created a gold backed paper / digital currency nobody would trust the issuer and they would all cash their coupons in for the phyzz.
The fact that it is physical is the problem.
In a digital age there is no requirement for physical in fact it is a massive hidrance.
Sorry Charlie but in 5 - 10 years bitcoin will underpin the entire global economy.
Gold ( & Fiat) are totally incompatible with the Internet and a globalised digital economy.
Your digital age almost went poof two years ago with a solar flare miss. Do not put your unwavering faith in the electrons in CMOS channels as your store of wealth. No power, no channels, no wealth.
- 1-to-1 physical "money" vs. paper or digital "currency" translation.
- No fractional reserve banking.
- No central banking.
There, you have a free society, regardless of time and technology.
That is the heart of the matter Skate. The "gold standard" we were on at one time was a fractional reserve gold standard and that led to its eventual end for obvious reasons. This morphed into fractional reserve banking which has now morphed into fictional reserve banking. Any gold standard other than 1 to 1 would lead us right back here. I to 1 equals stable economy, fractional reserve equals inflating economy. Banks should be paid a fee to store your gold safely and that's all. Drafts could be issued at 1 to 1. For growth Investment Houses should accept long term deposits from investors who realize they may not get their gold back, or if all goes well they will own a piece of a going concern.
An honest monetary system is not difficult, it is all the contortions required for the paper aristocracy to maintain their advantage that makes modern economics difficult to understand.
Man , I really need some of what you are smoking .
Why BC? What about LC; DC; BC1.0; BC2.0; BC 3.0, BC+X. . . ?
And hence the problem with Cryptocurrencies - infinite supply/variation.
BC may be an alternative to Western Union, but its utility as money seems to be sorley lacking.
Network effect , hash rate , first mover.
Does bitcoin make pretty jewelry? Conduct electricity well? Not tarnish?
No, it's made up. It is the next wave of sorts, digital currency so the man knows when you spend it. Which will lead to barter and the necessary IRS swat raids when they suspect two parties have exercised free will and traded without giving the don his share.
Bitcoin has no worth outside of what someone thinks it's worth. Fuck, why is that so hard to understand?
Bitcoin isn't even entirely anonymous. Its a digital form of the wild cat banking era long gone but worse because its entirely unregulated. At least the free banking era was managed somewhat by the states, but created problems with interstate commerce. Anyone and their doge can conceive a new scheme and spin with an alt-coin. As much as it is a good idea, it eventually leads to a questionable lack of trust and culminates into a bad idea. Just my two bits as a short lived coin miner. Stacking phyzz seems to be the safest. But owning a few bitcoins to profit from the the digihipster types probably isn't a bad idea either.
You could have saved yourself a lot of typing by just coming out and saying you are offering private fiat currency...
'preciate it, but no thanks. Got gold?
btw, this was directed at 'kianarsi', not the author of the article. (forgot to use the reply tab..)
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