tag:blogger.com,1999:blog-4490468598422095060.post3107139529274347492..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: FreeGold is like a Giant Sponge that could Clean Up This MessFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4490468598422095060.post-58821407568998767272008-10-04T13:25:00.000-07:002008-10-04T13:25:00.000-07:00The AIG, Basel II, Goldman Sachs connection explai...The AIG, Basel II, Goldman Sachs connection explained brilliantly by Porter Stansbury.<BR/><BR/><A HREF="http://www.dailywealth.com/" REL="nofollow">Link</A><BR/><BR/>Quote: "Around the world, banks must comply with what are known as Basel II regulations. These regulations determine how much capital a bank must maintain in reserve. The rules are based on the quality of the bank's loan book. The FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-33230778546621984562008-10-03T19:54:00.000-07:002008-10-03T19:54:00.000-07:00This is interesting. PM Gordon Brown this morning...This is interesting. PM Gordon Brown this morning said on TV something like, "Over the next few weeks we are going to have to change the way we do bussiness with oil producing nation's!"<BR/><BR/><A HREF="http://www.itulip.com/forums/showthread.php?t=5662" REL="nofollow">Link</A><BR/><BR/>I wonder what he meant...FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-61430011167867087862008-10-03T14:42:00.000-07:002008-10-03T14:42:00.000-07:00Didn’t read all Nouriel Roubin’s article, but it s...Didn’t read all Nouriel Roubin’s article, but it seems reasonable.<BR/><BR/>It’s all about confidence. We are witnessing the loss of confidence and its repercussions. It has become apparent that the claims in the dollar system will be no good. One would expect that those holding claims will reevaluate their situation in the coming days and possible flee to another system (not necessarily gold). <Enderhttps://www.blogger.com/profile/11823932849020536252noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-18902148361801450882008-10-03T14:19:00.000-07:002008-10-03T14:19:00.000-07:00Well said FOFOA.The biggest move the entire world ...Well said FOFOA.<BR/><BR/>The biggest move the entire world can do to remove itself(themselves) is to embrace gold and let the dollar go. A huge part of the political influence with go down with the change. As you say, that may not be a bad thing.<BR/><BR/>Believing in this type of system gives me hope that humanity will survive in the decades to come. <BR/><BR/>Now, will the people of the planetEnderhttps://www.blogger.com/profile/11823932849020536252noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-79099927857943631952008-10-03T13:09:00.000-07:002008-10-03T13:09:00.000-07:00Nouriel Roubini gives us a good rundown of what is...Nouriel Roubini gives us a <A HREF="http://www.rgemonitor.com/roubini-monitor/253853/financial_and_corporate_system_is_in_cardiac_arrest_the_risk_of_the_mother_of_all_bank_runs" REL="nofollow">good rundown</A> of what is happening in the wake of Congress passing TARP ver. 2.0+Pork and what else we can expect from the government and the Fed in the coming days and weeks.<BR/><BR/>It all sounds likeFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-7624442306054636822008-10-03T12:24:00.000-07:002008-10-03T12:24:00.000-07:00Ender,Thank you for responding. I wish the few ot...Ender,<BR/><BR/>Thank you for responding. I wish the few others that are reading this would as well. I think it is healthy to discuss possibilities and to take thoughts as far as they can go. That is hard to do with just one head.<BR/><BR/>First of all, I fully agree with you that TPTPB (the powers that presently be) will never <B>actively</B> embrace or <B>voluntarily</B> pursue something as FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-20518168648694295452008-10-03T11:14:00.000-07:002008-10-03T11:14:00.000-07:00Ok, so let’s not say that it’s about a number, but...Ok, so let’s not say that it’s about a number, but rather, a balance in the system. You’re idea here, if I’m reading this correctly, is to balance the monetary debt with a monetary asset. Correct? In this case, the world’s debt will be balanced by the world’s gold. That’s an interesting concept, it’s like backing all the currency in the world with gold. Would seem that if this were to occur, Enderhttps://www.blogger.com/profile/11823932849020536252noreply@blogger.com