tag:blogger.com,1999:blog-4490468598422095060.post1269294605070792756..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: New Open ForumFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger55125tag:blogger.com,1999:blog-4490468598422095060.post-51709733498052423452009-11-13T21:43:42.727-08:002009-11-13T21:43:42.727-08:00somehow i needed to reply
why you always talk abo...somehow i needed to reply<br /><br />why you always talk about cigarettes<br /><br />it is russia<br /><br />wouldn't it be more logic to buy vodka ??????????Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-66972967269831326442009-11-11T23:29:21.607-08:002009-11-11T23:29:21.607-08:00Thanks for your personal experience of the Russian...Thanks for your personal experience of the Russian default.....<br /><br />Everyone seems to think the USA will inflate its massive debts away......perhaps......<br /><br />I think they will sit down and talk about what suits the USA interests best....if it is a default...<br /><br />...........then default it is.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-61162173897048223802009-11-11T22:57:38.440-08:002009-11-11T22:57:38.440-08:00Costata,
The fiat obtained in large quantities, b...Costata,<br /><br />The fiat obtained in large quantities, because of huge discount, as you say, after the worst is passed, still has a huge risk to it.<br /><br />Typically, it will not be the fiat used further. It will take only a simple denomination, to render it useless, unless you could purchase the assistance of great many to help you to exchange it for new fiat. Or, if you have someone youAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-75210723700610403622009-11-11T22:46:21.292-08:002009-11-11T22:46:21.292-08:00fofoa are you here
you talked about mona lisa
sh...fofoa are you here<br /><br />you talked about mona lisa<br /><br />she is bullet proof<br /><br />how about your goldAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-66576156640337972952009-11-11T22:39:32.154-08:002009-11-11T22:39:32.154-08:00Anonymous
November 11, 2009 8:26 PM
Hi Raul,
Pap...Anonymous<br />November 11, 2009 8:26 PM<br /><br />Hi Raul,<br /><br />Paper gold, fixed interest obligations (such as bonds) and derivatives make up the top three on my list of counter-party risks.<br /><br />Assuming, for the sake of argument, that a panic over fiat currency provides the launch pad for Freegold. If I understand the concept, perversely, Freegold will make the fiat "safe&costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-66155589177264494212009-11-11T22:37:27.257-08:002009-11-11T22:37:27.257-08:00The devaluation announcement was made on Sunday, y...The devaluation announcement was made on Sunday, yes, the next day after that. Suddenly, all money were not good for anything. You had to stand in a huge line to get in to the bank and then to exchange only a small amount of old money into the new banknotes 1 to 1. Everything above that, burned.<br /><br />After that, the price increases really started in earnest. I couldn't decide what to doAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-3530971006615915272009-11-11T22:36:59.277-08:002009-11-11T22:36:59.277-08:00Regarding of price of gold after Russian default:
...Regarding of price of gold after Russian default:<br /><br />I was quite young then, and didn't know anything at all. I just reached 18, when the hyperinflation broke out. Honestly, I can't tell you much about gold, because it didn't exist in my experience. I can only tell you what I was smart enough to notice.<br /><br />First, when you talk USSR, you have to understand that we were Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-45824380904227247732009-11-11T21:14:35.159-08:002009-11-11T21:14:35.159-08:00About confiscation and taxation... both of these t...About confiscation and taxation... both of these things will increase the probability of very big black market.. and most of people buy the gold for holding it for at least 10y right?!... so my point is you will have enough time to find a way to sell it.<br /><br />what do you think ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-72381431605153043022009-11-11T20:30:34.991-08:002009-11-11T20:30:34.991-08:00What happened to the price of Gold in Russia when ...What happened to the price of Gold in Russia when they defaulted?<br /><br />If anyone knows or can send a link that would be helpful.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-7508386146451854382009-11-11T20:26:20.720-08:002009-11-11T20:26:20.720-08:00@ Costata - re. Counterparty risk
On the way to f...@ Costata - re. Counterparty risk<br /><br />On the way to freegold, I think it is obvious that the most extreme counterparty risk is in paper gold. But once a new freegold stasis has been established, I think it will be in "fixed income investments". In other words, the bond market will disappear. The problem with bonds is that you have two counterparties. You have the bond issuer, Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-1393128841716287082009-11-11T19:35:43.986-08:002009-11-11T19:35:43.986-08:00toto,
"m.armstrong's latest makes a stro...toto,<br /><br />"m.armstrong's latest makes a strong case for freegold."<br /><br />Not sure that Armstrong would agree with your comment. Without undermining the reasoning in his essay could he not reply:<br /><br />Freegold will also fail because of Govt intervention and corruption.<br /><br />This leads me to wonder:<br /><br />What will prevent Govt from meddling with a free costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-60460801686842919742009-11-11T18:39:52.594-08:002009-11-11T18:39:52.594-08:00m.armstrong's latest makes a strong case for f...m.armstrong's latest makes a strong case for freegold.totonoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-7454066175934015762009-11-11T17:21:31.765-08:002009-11-11T17:21:31.765-08:00Jimmy,
These are exactly the thingsd I'm afra...Jimmy,<br /><br />These are exactly the thingsd I'm afraid of too. If gold will protect us? <br />I hope FOFOA has an estimation on that... the world becomes a BIG prison...<br /><br />FauviAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-35893058547414640752009-11-11T16:22:43.760-08:002009-11-11T16:22:43.760-08:00FOFOA,
I think this article might be a "must...FOFOA,<br /><br />I think this article might be a "must read". I assume the writer is the Alf Field in Jim Sinclair's dictum "alf's numbers and armstrong's timing".<br /><br />http://www.kitco.com/ind/Field/nov112009.html<br /><br />It is a report on AF's recent trip to Zimbabwe and his analysis of their journey through hyperinflation to a "free market in costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-44999339466482133502009-11-11T16:16:24.157-08:002009-11-11T16:16:24.157-08:00Is gold running out?
http://www.telegraph.co.uk/f...Is gold running out?<br /><br />http://www.telegraph.co.uk/finance/newsbysector/industry/mining/6546579/Barrick-shuts-hedge-book-as-world-gold-supply-runs-out.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-90514353431879138012009-11-11T15:01:36.251-08:002009-11-11T15:01:36.251-08:00FOFOA,
I think Murray Rothbard and FOA are on the...FOFOA,<br /><br />I think Murray Rothbard and FOA are on the same path in many ways, but perhaps have language difficulties. As you have often pointed out, "money" is a charged word.<br /><br />My take is that Murray Rothbard is talking about "real" money in a free monetary system, i.e. no legal tender laws and a system of private coinage.<br /><br />Rothbard did not considerJeromernoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-77429870143658226052009-11-11T14:59:58.058-08:002009-11-11T14:59:58.058-08:00Mortymer:
"qualitative differentiation"...Mortymer: <br />"qualitative differentiation" <br />I meant more ... (M1, M2,...)<br />Anyway, isnt it that in inflationary times the velocity determines that money is not commodity as the value of money for those who use them first is higher as they gain most while savers are sucked? <br />How is it with credit? Is that a commodity then?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-85400548444606153902009-11-11T14:41:31.519-08:002009-11-11T14:41:31.519-08:00Marx: "The commodity is, first of all, an ext...Marx: "The commodity is, first of all, an external object, a thing which through its qualities satisfies human needs of whatever kind"<br /><br />"The usefulness of things make it a use value. But this usefulness does not dangle in mid-air. It is conditioned by the physical properties of the commodity, and has no existence apart from the latter... Use value are only realized in useKartiusnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-56883092766843438852009-11-11T14:27:50.738-08:002009-11-11T14:27:50.738-08:00@November 11, 2009 2:23 PM
Not trying to be to wi...@November 11, 2009 2:23 PM<br /><br />Not trying to be to wise. Just think your own thoughts guys, that's what the brain is for.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-88722879455904917382009-11-11T14:27:08.748-08:002009-11-11T14:27:08.748-08:00Marx: "The first main function of gold is to ...Marx: "The first main function of gold is to supply commodities with the material for the expression of their values, or to represent their values as magnitudes of the same denomination, qualitatively equal and quantitatively comparable. It thus acts as a universal measure of value, and only through performing this function does gold, the specific equivalent commodity, becomes money.<br /><Kartiusnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-63700168012855667702009-11-11T14:25:20.315-08:002009-11-11T14:25:20.315-08:00but which is supplied without qualitative differen...<i>but which is supplied without qualitative differentiation across a market</i> <br /><br />Depends on how brought we draw the market. A dollar in Chigago is the same as one in LA, Timbuktu or in Tokio. The preferred money varies over the globe, but the various kinds of money are fairly constant all around.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-73149662146533973402009-11-11T14:23:15.512-08:002009-11-11T14:23:15.512-08:00Do you find them to be irreconcilable? Do you find...<i>Do you find them to be irreconcilable? Do you find it is better to stick with textbook definitions of commonly misunderstood words? Or to engage in the free thought process we find within each of us?</i> <br /><br />I think that ones own thoughts are a lot more valuable then what someone else has written in a textbook. A textbook can provide great guidance in mapping a trail, but ultimately Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-82300898909499670222009-11-11T14:21:55.585-08:002009-11-11T14:21:55.585-08:00Mortymer:
Money = Commodity ... False.
Wiki: "...Mortymer:<br />Money = Commodity ... False.<br />Wiki: "A commodity is some good for which there is demand, but which is supplied without qualitative differentiation across a market."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-17601220273996764222009-11-11T14:15:57.234-08:002009-11-11T14:15:57.234-08:00Btw Fofoa,
I already figured that times comes to ...Btw Fofoa,<br /><br />I already figured that times comes to you in limited supply as it does to me. I do not necessarily expect feedback from you on all my links, but do appreciate your feedback and discussion should the articles interest you.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-10341786348582532802009-11-11T14:11:32.892-08:002009-11-11T14:11:32.892-08:00@Jimmy
Those in guys in control are just not what...@Jimmy<br /><br />Those in guys in control are just not what you would want them to be these days, now are they?Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.com