- advertisements -
begun the gold wars have
So in this world Gaddafi and Hugo Chavez are the good guys. Time for our crazy pills. ~sheesh~ whats the world come to
Got Gold Spray Paint??
More convincing if you dip it or use a heavy electroplate. You can get volume discounts from Chinese suppliers (the US smelters with experience in the 70's offshored all that work too).
Painted bars don't past muster. Ask Ethiopia. hear
So, Chavez won't just take shares of GLD or a big, fat settlement check from Blythe?
Oh shit! Sounds like war an Obama war against Venezuela is right around the corner!
I don't understand Trader Dan's view that this is a non-issue. I am eager to hear Harvey & Santa's take on the situation. Would appreciate your thoughts Turd.
I believe he has only commented on nationalizing the gold industry, not repatriating all of their gold. Could be wrong, though.
Bernanke claims can turn stock certificates into fool's gold.
"barbarous relic", bitchez
how high will this send gold?
I hope it sinks to the bottom of the Atlantic on whichever freighter he has it shipped.
Maritime gold treasure salvage bitchez!
j.p. morgan company submarine, bitchez!
james bond Thunderball - An airplane or ship will leave London with the real stuff. But on the way the ship sinks and JPMs submarine will take back the Gold.
It's full of banker seamen.
Harvey has been saying this for a year now. Watch all the other countries start demanding their Gold back, get some pop corn, and enjoy the show!
So how come no price movement yet? Seems like this should be causing some waves on the London market right about now. . .
Fingers x'd it gets JPM and the BB cabal to smash it down or redeem GLD creation units.
Another twenty minutes and we'll see if the Asians have suited up to play.
As for Hugo, if he really wanted to stir the pot, he would open a South American metals exchange.
He could probably get the Iranians to go in on it with him.
Hugo Chavez, Mahmoud Ahmadinejad and Moummar "Deposed Three Months Ago" Qadaffi
Bullion Dealers to the World.
"Chavez Emptying Bank of England Vault "
No doubt it is armed.
Shooting banker seamen.
They probably stand in a circle. Jerks.
All hands on deck
I'm proud of my deck.
Where I come from, a lotta front porch sittin'
Where I come form, a lotta Au diggin...
Brace yourself.. Brace yourself for twelve.. the storm is a comin'
The comments flowing from the original first comment in this discussion, flows half way into the next page.
No doubt, Federal Reserve bank employees are currently soiling their underwear and shitting themselves.
If they strike him down, he will become more powerful than they could possibly imagine.
Go Dr Paul!
And drugs to be laundered through Wells Fargo/Wachovia. Multi-tasking.
too complicated...just send a drone.
Paging Ragnar Dannesksjold...Ragnar Danneskjold, you have a call on the red courtesy phone.
Well Hagbard Celine is mainly interested in Flax, and maybe weed.
I was hoping Ragnar Danneskjold would hijack it.
Edit: lol you beat me to it!
Check out the latest from the Capital Research Institute "Who's Afraid of the Gold Standard?"
" If we are having problems with currencies, specifically currency devaluation, then it follows the solution will not be to do more of what we are already doing (printing money, devaluating currency), but to do something different. The different thing to do in this case, would be to return to the Gold Standard, and forbid fractional reserve banking (along with usury, while we are at it).
Who would ‘win’? Well, the average person, of course, as your wages and savings would not lose purchasing power. Who would lose the most from this proposition? Banks. Specifically central banks, who would be severely limited in terms of their ability to manipulate the currency or the economy. Banks in general would be forced to change their entire business model..."
Look up sharia finance on Wikipedia. Basically it's an equity finance system where the equity stakes are flipper over time (80/20 gradually moves to 20/80 over time. The main difference is that the parties are senior partner and junior partner rather than master and servant in debt based systems . . .
Good point. The "islam" connotation is definitely baggage for its acceptance. Remember, most business deals pre-Depression era were equity financed, not debt financed. What ever happened to save before you spend at all levels of human life? Were prior generations just more conscious of the fact that human life involves black swans (Fukushima Daichii, etc.), so therefore it's not always wise to project future cash flows as a given and bring them to the present at whatever the prevailing cap rate is? Hey, I'm a college graduate! I'm supposed to make at least $1,000,000 more in my lifetime. Can I go ahead and get a check for that at a 6% cap rate . . .
Thanks for the info. This un-brainwashing is what I needed.
That's up to the terrorists in WDC.
No, it's up to all of us . . .
Does this financial system explain the extraordinary prosperity of Muslim ruled countries for the past 300 years?
No, but oil does.
That "extraordinary prosperity" has produced welfare states that make France look like a banana republic.
I wasn't advocating sharia finance per se. Just pointing out that equity based financing can have creative iterations as an alternative to debt . . .
LOL good shot dude.
Waybills were used for commercial liquidity a lot, but banks lent at interest before the Fed became the Kleptoctopus of only resort. There were a lot of techniques to keep commerce moving, some are dusty but still out there, one thing is for sure, the system we now have is dead and starting to stink up the joint. But, it is not just the funny money fiat that is enslaving us all, there are a whole raft of other things that will have to change. Simplified and standardized accounting rules that allow for transactions that conform to one of the three requirements of money, that it be a standard unit of account. Any other accounting would simply be fraud and punishable with prison as it used to be. And the standard ought to be as simple as this, if you can understand the balance sheets, income statements, tax statements, or any other form that reports accounting then it is probably kosher, if you can't quite follow the trail or it is outright bewildering then it is fraud.
Budgets will have to balance. People will have to live within their means, and those means will mostly be smaller. Taxation will have to be dramatically changed, it simply will have to get a lot fairer. No more $800 hammers for the Army, no more $45 aspirins in hospitals. Prices will have to make sense on all levels and what cannot be made rational will simply be gone.
Loans will not be gone, but they will be given to people for better reasons that vacant consumer hedonism, they will be secured, by tangible assets and large down payments, due diligence will be done, and they will cost more because returns will have to reflect real risks. Revolving credit for example will be pretty well forgotten except by the wealthy as it used to be prior to about 1965. You will eat when you have cash to pay for your victuals, or when you go to the local feeding station.
Stink up the place? We are heading for a corpse explosion!
Anyway, the problem with sane rules is that multinational corps can pretty much force governments to not implement them.
If you employ enough people then threatening to leave basically allows you to write the law (Google "Nokia Law" for example).
You can be sure that any global governing body will be corrupt so is there any way to make those sane rules happen?
There's nothing wrong with usury, at least, in the original sense of meaning loaning out money at interest. In fact, you can't get capital formation without it... unless governments start confiscating it.
They already do. It's called inflation.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.