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The Dollar is right there too.
For this recently passed Guy Faux Night I constucted an Uncle Sam Dummy filled with US$ - It burt quite well!
My dear Pladizow, I fear you may have jumped the shark. You should wait until after the USD loses all of its intrinsic value. Better yet, exchange them before that happens. I do believe that was the intent of the post in the first place.
I dont know if something can lose its intrinsic value, but rather be reduced to it?
In my attempt to be a savy investor I was mearly looking forward 12-18 months.
"If US Dollar is I_Owe_U_Nothing then Euro is Who_Owes_U_Nothing. " / Doug Casey
I haven't come across a more specious argument either.
Like the EUR POG will rise to 11k but the price of wastepaper won't?
Well, poor poor singapore then huh? I'm sure their plastic money will not burn too well.
My point exactly. Many people complain on this site Euro this, Euro that.... but the rate euro/usd is not even 1:1, but 1:1.37 after all the debacles in Europe !! go figure..
From 0.8 to 1.37 ... ~70%++ increase from its creation.
If I had to decide what is the rate by the number of the articles here, I would expect it to be at least 1:1 ;)
I'm not saying both are not toast, just seem a little bit biased, don't you think ?
My oppinion have been that Euro at the end will be always the stronger currency, unless it breaks apart before that of course.
US M3 ~15T, Euro M3 ~10T i.e. rate ~1.50
Euro is cheaper still.
Now I understand why they want a US Dollar coin and eliminate the paper $1 Bill.
I don't think this calculation can be right. I just know that metal wire in the bills is also worth something, and that metal price isn't used in the calculations.
Fiat makes an adequate replacement for lost Monopoly notes.
All the analysis will not prevent Germany from economic and productive success. The rest of You rope can look and learn.
Couldnt you weave the notes into a nice comfortor or a Snugi?
Calhorrific value FTW!
For the Winter that is.
So then when do the wheels fly off the collapsed fiats? Not today at least, as usual. Its all screwed, but for today we dine on pumped futures.
A sign OF the fiats collapsing, but whatever, as we'll have the DOW at record highs and gas $7.50. CNBC will be pumped into FEMA camps to show us how 'all is well'.
"CNBC will be pumped into FEMA camps to show us how 'all is well'."
Only the unfortunate will alight in FEMA camps. The lucky will be shot because their morale hasn't improved.
MF Global paid bonuses hours before bankruptcy
Gold doesn't burn! And you can't eat it!
What more do you need to know?
Yes, but you can take gold anywhere and turn it into iPads, which have been show to be not only filling but very nutrious.
~"Gold doesn't burn! And you can't eat it!"~
But woodcutters will work for it. Especially when the time comes that they won't work for Euros.
€500 notes and you can heat your house 10.8 seconds
And wipe your ass for a good month.
Everyone else compares how much bread a dollar will buy versus an ounce of gold during inflation or deflation. Makes me wonder if during "biflation" we should just buy the loaves and hoard them in our safes....
In all seriousness, its a great set of calculations -- However heat/energy is not the only measure of fiat money. One mustn't forget that the comparisons above have the ounce of gold BUYING paper versus the fiat currency BEING the paper. Its like comparing apples to oranges.
Learning the art of baking bread ... and storing flower in vacuum sealed containers ...might work out well.
I think of fiat just as I think of monopoly money... helps keep all in perspective.
Whats the calorific value of one of these fatass bankers or Eurozone leaders? Burn one of those and heat your house for a good couple days I bet.
You would pay a lot more to get the smell out of the sheepdog house, but you could sell tickets to watch. Maybe even get one of those cable cooking shows to .....ah never mind... Wishful thinking.
I'm sure the caloric value is high with all the fat, however the the smoke from a burning pig is horrific and it isn't very eco friendly.
~"What's the calorific value of one of these fatass bankers or Eurozone leaders?"~
Are there enough to go around? I'll take one. Make mine plumpish, please!
Just yesterday i noticed that among a number of Euro bills, nearly all €500er had the initial serial number X (printed in Germany), whereas almos all €100ers sported the dreadful S (printed in Italy). This was the last time I accepted Euro notes not branded X.
"but 1 ounce gold based on James Turk's price expectation of €11,000/oz will keep your house heated for 23 years. "
Sure is cheap electricity in Austria.
Better to bake bread with 1 oz of gold inside and stick it in your freezer. My grandmother did that with Morgan Silver Dollars because she felt that the bread would last longer. She was way ahead of her time on silver's antibacterial properties.
BOB MARLEY,WHO THE CAP FIT.
ROUBINI: The Next MF Global Collapse Could Be Goldman Sachs
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"Such is the irresistible nature of truth that all it asks, and all it wants, is the liberty of appearing." - Thomas Paine
Number Of Iraqis Slaughtered In US War And Occupation Of Iraq "1,455,590"
Number of U.S. Military Personnel Sacrificed (Officially acknowledged) In America's War On Iraq: 4,801
Number Of International Occupation Force Troops Slaughtered In Afghanistan : 2,793
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Total Cost of Wars Since 2001
[KR207] Keiser Report – The Fed, The Treasury & The Holy Troika
Posted on November 8, 2011 by stacyherbert|
The Lightbulb Conspiracy (Full Length - English Subtitles)
How about just plain old purchasing power?
Voltaire was absolutely right. The final value of fiat is zero, or it's "intrinsic" value of starting a campfire, or as ass-wipe! Now holding physical gold and silver is another story, altogether different. Got gold? got silver?
WILL SOME COUNTRY FUCKING DEFAULT ALREADY?!!! AND I AM TALKING BIG!!! LOOK OUT BELOW!!! GET THE FUCK OUT OF THE WAY!!! LIKE A FUCKING ASTEROID WENT OFF COURSE AND HIT AT 72,000 MILES PER HOUR.
Where I live, I do not need heating. The sun provides for it all year round free of charge.
Can't you also sell useless paper to recycling factories? Wonder what you can get for a load of euro notes.
The ECB lists Gold on it's balance sheet at a price that is marked to market four times each year. As the price of Gold rises, the Euro is more fully valued, backed by Gold. Check it out. http://fofoa.blogspot.com/2011/05/return-to-honest-money.html
wiki answers says the dollar is made of cotton and linen. dollar bill blankets and robes!
clear example can be found on the Eurosystem's Consolidated Financial Statement. The primary medium of exchange is on the right-hand side, and the secondary medium of exchange is on the left. Look at how Line #1 has grown in proportion to the whole of the reserves (secondary media of exchange) from 30% to more than 65% in a decade.
Gold is listed as line item number one.
Correct, and euros will buy gold from system banks. I doubt europeans will choose to eat their paper given this use; perhaps the author of this foolish article should eat his words.
If the USG did this, they would welcome a higher price of gold.Unfortunately, the USG spends billions suppressing the gold price.Huge waste of money.
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