tag:blogger.com,1999:blog-4490468598422095060.post2552573532167395159..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: G20 Open ForumFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-4490468598422095060.post-28010991175075076212009-09-25T16:25:43.438-07:002009-09-25T16:25:43.438-07:00Gold: Hyperinflation: Millions, Billions, Trillion...<a href="http://www.gold-eagle.com/editorials_08/ing092409.html" rel="nofollow">Gold: Hyperinflation: Millions, Billions, Trillions And Then...</a> <br />John Ing<br /><br /><i>"...History is full of examples of countries that failed to pay their debts, opting instead for hyperinflation to pay their bills. Inflation simply reduces the value of debt, hurting creditors and postpone the FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-8573308341532140962009-09-25T15:57:52.038-07:002009-09-25T15:57:52.038-07:00That Jim Sinclair interview is excellent. He is o...That Jim Sinclair interview is excellent. He is on fire! It gets my top recommendation.<br /><br />On the subject of the future, though, I am much more optimistic than Jim Sinclair. <br /><br />Adam Smith (1723-1790) said that economies are the result of bottom-up spontaneous self-organized order that naturally arises from social interactions, as opposed to top-down bureaucratic design.<br /><FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-82304854015977174182009-09-25T15:00:19.734-07:002009-09-25T15:00:19.734-07:00Right-Click here and select "save target as&q...<a href="http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2009/9/25_Jim_Sinclair_files/Jim%20Sinclair%2009%3A25%3A2009.mp3" rel="nofollow">Right-Click here</a> and select "save target as" to save Jim Sinclair's interview to your hard drive.<br /><br />Or just click to listen.FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-64468706203498080352009-09-25T14:11:41.950-07:002009-09-25T14:11:41.950-07:00At http://www.jsmineset.com today is linked an exc...At http://www.jsmineset.com today is linked an excellent IMO audio interview, about 28min, featuring Jim Sinclair on King World News.<br /><br />SOME KEY POINTS:<br /><br />Says stock market is political, supported by false accounting, fake earnings approved by FASB.<br />Says derivative problem will grow worse.<br />Says dollar will go much lower.<br />Says we are now in hyperinflation, MichaelBnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-2372577239900198262009-09-25T13:02:21.001-07:002009-09-25T13:02:21.001-07:00@ SatyaPranava,
-5.5% is not a final destination...@ SatyaPranava,<br /> <br />-5.5% is not a final destination. It is just an awe inspiring shell-shock event. Has nothing to do with 72 – has everything to do with emotional impact.Enderhttps://www.blogger.com/profile/11823932849020536252noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-16707951451112174362009-09-25T12:46:32.519-07:002009-09-25T12:46:32.519-07:00No King,
Intraday you can see anomalies because r...No King,<br /><br />Intraday you can see anomalies because reporting comes in at different times.<br /><br />FOFOAFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-7793331856966140802009-09-25T11:52:48.423-07:002009-09-25T11:52:48.423-07:00look a little deeper into your crytal ball there e...look a little deeper into your crytal ball there ender :) -5.5%? that's it? :) so it's 72 on $.SatyaPranavahttps://www.blogger.com/profile/02422604006082536504noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-57681485545993161732009-09-25T10:41:00.644-07:002009-09-25T10:41:00.644-07:00Hi Anonymous @7:19
It does seem that using gold f...Hi Anonymous @7:19<br /><br />It does seem that using gold for settlement would be total nonsense. On the flip side, it seems that using dollars for settlement is complete nonsense. <br /><br />You’re reference to Sir Buffett’s idea of insisting on a trade balance fits right in with the idea of using Gold to help with the trade balance. When you look closer at the meaning of ‘trade’ you find thatEnderhttps://www.blogger.com/profile/11823932849020536252noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-64401967774931203172009-09-25T08:37:29.406-07:002009-09-25T08:37:29.406-07:00Not sure how this will show up format-wise, but ju...Not sure how this will show up format-wise, but just wanted to run this by everyone. Looks like backwardation (nearer months trading at premium to further months) and a negative basis (nearest month trading at discount to spot bid price) to me. Just haven't seen anybody else talking about it, and per AE Fekete this is supposed to be a big deal (if I'm reading the quotes correctly and No King But Godnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-32286840355551842562009-09-25T06:25:26.519-07:002009-09-25T06:25:26.519-07:00Simply stated, the FRN dollar cannot extinguish a ...Simply stated, the FRN dollar cannot extinguish a debt because it is debt.<br /><br />Every dollar that is in your pocket or your bank account is a promise to pay. A dollar bill is a note, a promise that you are owed something and will be paid. <br /><br />If you owe some certain lending party a debt and you offer them Federal Reserve Notes in payment, your obligation may be fulfilled. <br /><brRossLhttp://home.roadrunner.com/~rossl/gold.htmnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-4034715838631328062009-09-25T05:02:28.389-07:002009-09-25T05:02:28.389-07:00check out Warsjh comments this am. The full scale ...check out Warsjh comments this am. The full scale ministry of truth is out trying to jawbone the dollar. Such a move to raise interest rates would be meaningful sentiment wise buit it wo9uld simply be tightening the noose. Romer is out saying way to early to talk seriously about pulling back fiscal stimulus. For the Japanese to be steadfast in allowing the Yen to appreciate they have tasted the Snoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-26657059568084473712009-09-24T20:29:23.521-07:002009-09-24T20:29:23.521-07:00FOFOA,
You were way ahead of me - I'm a slow...FOFOA, <br /><br />You were way ahead of me - I'm a slow typer. Excellent answer to Anon at 7:19, by the way.No King But Godnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-77416048770548189492009-09-24T20:24:16.722-07:002009-09-24T20:24:16.722-07:00Anon at 7:19:
I'll let others more learned ...Anon at 7:19: <br /><br />I'll let others more learned than myself explain to you why foreign trade not only CAN be settled in gold, but also why foreign trade MUST be settled in gold. <br /><br />I just want to point out one thing. You mention 1971 as the year that began The US's growing trade imbalance, i.e., the same year that just so happened to mark the last year in which gold wasNo King But Godnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-53048301116736097632009-09-24T20:05:01.726-07:002009-09-24T20:05:01.726-07:00The monetary difference between dollars and gold i...The monetary difference between dollars and gold is that one is limited and the other is unlimited. With a limited money supply, any trade imbalance causes a monetary imbalance in the other direction, which will become self-balancing. In an unlimited monetary system, that deficit is simply filled by the printing press and the imbalance goes parabolic. (See Hugo Price's graph)<br /><br />FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-21451518477078119932009-09-24T19:19:43.798-07:002009-09-24T19:19:43.798-07:00The idea that foreign trade can be settled in gold...The idea that foreign trade can be settled in gold instead of Dollars is total nonsense. If foreign trade can not be settled in paper Dollars, then it can not be settled in gold either since gold and Dollars are both money. <br /><br />The only way to settle foreign trade is by insisting on a trade balance at any given point in time. That idea was proposed a few years ago by Warren Buffett. In Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-56582634858180032002009-09-24T18:47:28.372-07:002009-09-24T18:47:28.372-07:00so what of that precipitous decline in Au price to...so what of that precipitous decline in Au price today?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-58700421655729625252009-09-24T15:25:19.395-07:002009-09-24T15:25:19.395-07:00"Hourly Action In Gold From Trader Dan
Poste...<i><b>"Hourly Action In Gold From Trader Dan</b> <br />Posted: Sep 24 2009 <br />By: Dan Norcini <br /><br />Dear CIGAs,<br /><br />There appears to be a deadly contest occurring in the Dollar market over the 76 level on the USDX. As I have mentioned in my prior commentary, a closing downside breach of 76 and the USDX will promptly drop to 74. That will be enough to allow gold to FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-27439348639795225872009-09-24T15:03:32.651-07:002009-09-24T15:03:32.651-07:00"...When you ask what a systemic failure of O...<i>"...When you ask what a systemic failure of OTC derivatives would look like, consider a financial world full of promises of performance such as paying you if you lose money on a bond position due to bankruptcy that simply says to you get lost when you ask for payment. Now think of hundreds and thousands of different obligations to you that simply say buzz off when settlement in your favorFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-74848471916109612012009-09-24T14:24:41.454-07:002009-09-24T14:24:41.454-07:00Haha! Here is a different Price. One worthy of o...Haha! <a href="http://www.321gold.com/editorials/price/price092409.html" rel="nofollow">Here</a> is a different Price. One worthy of our respect.<br /><br />SNIP:<br /><i>"...Since that fatal day, there has been no settlement at all of international debts.<br />We are led to believe that payment in dollars constitutes settlement, but that is a total fallacy. There is no settlement except FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-71905701882957162752009-09-24T14:07:13.724-07:002009-09-24T14:07:13.724-07:00price was true to his name!price was true to his name!SatyaPranavahttps://www.blogger.com/profile/02422604006082536504noreply@blogger.com