tag:blogger.com,1999:blog-4490468598422095060.post8975675587966920110..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Open Letter to Ron PaulFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger348125tag:blogger.com,1999:blog-4490468598422095060.post-19181178331855215772011-07-02T16:29:15.490-07:002011-07-02T16:29:15.490-07:00FOFOA is a very profound economic blog. Would the ...FOFOA is a very profound economic blog. Would the host wish to pass comment on the article RIP OFF BY THE FED which includes a mathematical analysis and concludes the Fed is running a Ponzi scheme that is inherently destined for bankruptcy; that the FRBNY received $8.4 trillion from the auctions of Treasury securities last year and hid that profit from Congress; among other conclusions. Recent olde rebhttps://www.blogger.com/profile/01794845268445985451noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-40218827699622126412011-06-18T10:54:57.071-07:002011-06-18T10:54:57.071-07:00DP,
"DP's most dangerous man in British ...DP,<br /><br />"DP's most dangerous man in British politics"<br /><br />Yours and mine both.<br />I was really hoping he would lose his seat at the last election.<br /><br />:(radix46https://www.blogger.com/profile/08952244160824465324noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-51761707050075613922011-06-17T06:28:50.076-07:002011-06-17T06:28:50.076-07:00Balls has at least got teeth. But what he really, ...Balls has at least got teeth. But what he <i>really</i>, desperately lacks, is a f*&k!ng clue. Current holder of the much-coveted "<i>DP's most dangerous man in British politics</i>" badge. I need to get it unpicked from Mandelson's boy scout uniform before he can't have it though.DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-60747501520146277412011-06-17T06:07:11.785-07:002011-06-17T06:07:11.785-07:00Osborne is saying just what Osborne believes voter...Osborne is saying just what Osborne believes voters wish to hear from his mouth.<br /><br />I think the world needs some <a href="http://www.youtube.com/watch?v=tGVZar5hmMs" rel="nofollow">Statemen</a>, before this widespread rash of <a href="http://www.youtube.com/watch?v=IDbr4UCIqd4" rel="nofollow">career politicians run out of time.</a>DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-40462800937934874062011-06-17T05:35:22.622-07:002011-06-17T05:35:22.622-07:00Regarding what credence one should give George Osb...Regarding what credence one should give George Osbourne. Very little as talk's cheap.Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-48600427040615635292011-06-17T02:45:04.464-07:002011-06-17T02:45:04.464-07:00How does this rhetoric (it's not an action yet...How does this rhetoric (it's not an action yet) fit in with being paid up cheerleading member/enforcer of the $IMFS? <br /><br />Perhaps it fits exactly? Is Osborne willing sacrifice the banks in order to fight the transition to RPG?<br /><br />UK doesn't have as much ammo (gold) to fight hyperinflation and I have no idea about the amount of physical in possession of UK residents, radix46https://www.blogger.com/profile/08952244160824465324noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-73456520007206079722011-06-17T01:18:52.218-07:002011-06-17T01:18:52.218-07:00@radix,
Capitalism (the unknown ideal) at last an...@radix,<br /><br />Capitalism (the unknown ideal) at last and finally, eh?<br /><br />Did anyone else just hear a whisper-on-the-wind say "2013"? Perhaps it's just me hearing things.DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-54826822006229686082011-06-16T23:34:11.565-07:002011-06-16T23:34:11.565-07:00The above quote is from JesseThe above quote is from Jesseradix46https://www.blogger.com/profile/08952244160824465324noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-64857684593559825932011-06-16T23:33:38.802-07:002011-06-16T23:33:38.802-07:00"The UK Chancellor of the Exchequer's gui..."The UK Chancellor of the Exchequer's guiding philosophy is refreshingly pro-market: 'All banks should be allowed to fail safely without affecting vital banking serviceswithout imposing costs on the taxpayer.'" George Osborneradix46https://www.blogger.com/profile/08952244160824465324noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-68713341606998864902011-06-16T23:01:39.633-07:002011-06-16T23:01:39.633-07:00UK talking about effectively reinstating Glass Ste...UK talking about effectively reinstating Glass Steagall.<br /><br />That will make it politically very difficult to save all the debt in those evil investment banks if they won't affect depositors.....<br /><br />Hmmmmm.radix46https://www.blogger.com/profile/08952244160824465324noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-30299676162188876442011-06-15T13:38:29.220-07:002011-06-15T13:38:29.220-07:00DP,
FWIW, I understood that you were talking abou...DP,<br /><br />FWIW, I understood that you were talking about The Fed versus the ECB.Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-85424953117229264352011-06-15T13:21:27.213-07:002011-06-15T13:21:27.213-07:00Mortymer,
For all our sakes, I hope you are right...Mortymer,<br /><br />For all our sakes, I hope you are right.<br /><br />But right now things don't look very good in euroland.Texanhttps://www.blogger.com/profile/02676648339246724302noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-18207009265422874552011-06-15T11:56:12.249-07:002011-06-15T11:56:12.249-07:00radix: Bitcoins can be held on any drive and you c...radix: Bitcoins can be held on any drive and you can have copies, but each time a Bitcoin is used (either from the copy or the original) that Bitcoin now has a new owner.<br />With the theft, the only way the guy could have 'saved' his Bitcoins is if he used (or transferred) them, from his copy, before the thief could use them from the stolen laptop. <br /><br />Question for the group: Indenturehttps://www.blogger.com/profile/01765884399143814933noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-65402746097246784222011-06-15T11:45:01.372-07:002011-06-15T11:45:01.372-07:00RLP,
I think that Bitcoins can be held on a zip d...RLP,<br /><br />I think that Bitcoins can be held on a zip drive or memory card, so that would solve that problem. I think if there were a hacking risk people would simply adhere to this protocol.<br /><br />Of course then there is physical theft risk, but that is the same for cash or gold too.radix46https://www.blogger.com/profile/08952244160824465324noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-15819295233361783442011-06-15T08:05:50.032-07:002011-06-15T08:05:50.032-07:00Here's a pretty gigantic flaw with bitcoin.
B...Here's a pretty gigantic flaw with bitcoin.<br /><br /><a href="http://thenextweb.com/industry/2011/06/15/close-to-us500k-stolen-in-first-major-bitcoin-theft/" rel="nofollow">Bitcoins stolen by hacker</a>Robert LeRoy Parkerhttps://www.blogger.com/profile/10590421224681538226noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-85188877612329328272011-06-15T06:50:03.361-07:002011-06-15T06:50:03.361-07:00@Texan:
...try to zoom out a level. On each scale ...@Texan:<br />...try to zoom out a level. On each scale there are problems. Not all can export to prosperity, Its a sum game. <br />I wander how Greek Drachmas would help. Would loans be automatically renegotiated from Euros into them? Not a chance. Eu split because of creditors demand? <br />Isnt this internal issue spoken on external level? Imo internal solution will be found.@mortymer001https://www.blogger.com/profile/13047624328777522777noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-56684342466819395862011-06-15T05:53:14.995-07:002011-06-15T05:53:14.995-07:00@Beanie, I heard that in Australia they walk on th...@Beanie, I heard that in Australia they walk on their heads. Nice one, thanks. :O)<br /><br />http://anotherfreegoldblog.blogspot.com/2011/06/rmundell-about-dollar-imfs-versus-gold.html@mortymer001https://www.blogger.com/profile/13047624328777522777noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-89799406378730420822011-06-15T05:44:42.988-07:002011-06-15T05:44:42.988-07:00You're Still A Bunghole For Loading Up On Gold...<a href="http://bettertrading.blogspot.com/2011/06/you-are-still-bunghole-for-loading-up.html" rel="nofollow">You're Still A Bunghole For Loading Up On Gold And Silver</a>Chris Beaniehttps://www.blogger.com/profile/04251024125518218874noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-65225598843091277992011-06-15T04:39:49.553-07:002011-06-15T04:39:49.553-07:00I have to say I find this entire discussion about ...I have to say I find this entire discussion about the far-sighted chess master European technocrats (one of whem is in house detention in NYC) to be exceedingly amusing, considering the current circumstances.<br /><br />It seems the Germans and Norse have drawn into the "savers" camp, with the French (and ECB!) leading the charge for the Med country "debtors". The euro Texanhttps://www.blogger.com/profile/02676648339246724302noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-39753512702490078972011-06-15T03:06:12.808-07:002011-06-15T03:06:12.808-07:00Hi Victor,
Me: [...] However, I have this idea th...Hi Victor,<br /><br />Me: [...] <i>However, I have this idea that, if I was in a fight (to the death, if necessary) with some big bully opponent and I figured out he had a weakness that I didn't share, would I give him <a href="http://www.youtube.com/watch?v=TBwIRq_hmjg" rel="nofollow">enough rope</a> to hang himself</i> [...]<br /><br />You: <i>The ECB (that is the French and the Germans) DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-29834796950767598272011-06-15T00:59:42.801-07:002011-06-15T00:59:42.801-07:00Hello Victor,
I think it would behoove you to ex...Hello Victor, <br /><br />I think it would behoove you to explain the difference in perspective between weight and value when making analytical statements about gold. For example, you write: <i>"the market has been drying up slowly over the past decades."</i> <br /><br />This is a very shallow analysis in my view because it is a weight-based judgment on a monetary commodity. Weight FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-58736765727061889432011-06-15T00:35:48.965-07:002011-06-15T00:35:48.965-07:00@VTC, relevant/significant to your discussion, alr...@VTC, relevant/significant to your discussion, already posted but anyway:<br /><br />Speech by Graham Young at the London Bullion Market Association...<br /><br />www.bankofengland.co.uk/publications/speeches/2003/speech198.pdf<br /><br />Speech given by<br />GRAHAM YOUNG<br />SENIOR MANAGER, FOREIGN EXCHANGE DIVISION<br />At the London Bullion Market Association Annual Conference, Lisbon; @mortymer001https://www.blogger.com/profile/13047624328777522777noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-82897811505220796912011-06-14T23:52:30.514-07:002011-06-14T23:52:30.514-07:00Those last 2 Mundell finds are really nice, bringi...Those last 2 Mundell finds are really nice, bringing it here once more for one small visual thingy, please follow; if the 2 bits from those 2 papers are combined:<br /><br />"...The Evolution of the Dollar Standard<br /><br />From 1666 to 1934, seven great powers existed. With the possible exception of Britain, there was no superpower, Britain was the first of equals. Think of gold as the @mortymer001https://www.blogger.com/profile/13047624328777522777noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-91128411818331099532011-06-14T22:52:13.361-07:002011-06-14T22:52:13.361-07:00FOFOA,
on the LBMA clearing volume. When I look a...FOFOA,<br /><br />on the LBMA clearing volume. When I look at the table, I don't see any clear trend since 2009. It fluctuates around 18mm ounces/day. But this is down from 21mm around 2007/8 and down from 30..40mm in 1997/8. I'd say the market has been drying up slowly over the past decades.<br /><br />Now I still have some questions about the aggregate position of the bullion banks. I Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-48560508109926884552011-06-14T22:07:07.153-07:002011-06-14T22:07:07.153-07:00DP,
Even with this, people are taking to the stre...DP,<br /><br /><i>Even with this, people are taking to the streets to express their anger and frustration -- what would it be like, if the currency hadn't been cut in half by this objective measure, and the deflation was already twice as bad at this point?</i><br /><br />This is exactly what I am criticizing. Why inflate the PIGS bubble in the first place if you don't like the deflation Anonymousnoreply@blogger.com