tag:blogger.com,1999:blog-4490468598422095060.post3550252353390058251..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Moneyness 2: Money is CreditFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger319125tag:blogger.com,1999:blog-4490468598422095060.post-59248053803978836672012-11-26T17:04:44.215-08:002012-11-26T17:04:44.215-08:00Gold is money. Everything else is credit.
J. P. M...Gold is money. Everything else is credit.<br />J. P. MorganThe Contrarianhttps://www.blogger.com/profile/17528835388512689249noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-17909889157188438492012-11-26T11:45:19.561-08:002012-11-26T11:45:19.561-08:00@Costata: " Great discussion everyone. Gold, ...@Costata: " Great discussion everyone. Gold, oil, banking, money and MF giving Turd Ferguson's crew the shits! Does it get any better? "<br /><br /><br />Of course it can get better. Just watch the TED speech from this link and see how it fits in the picture:<br /><br />http://www.ted.com/talks/lang/en/dan_ariely_on_our_buggy_moral_code.html<br /><br />And my personal touch to this Mirceahttps://www.blogger.com/profile/08286131662597179292noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-70909496004122668212012-11-18T20:58:52.403-08:002012-11-18T20:58:52.403-08:00@ M
I can confirm that I have no idea what I'm...@ M<br />I can confirm that I have no idea what I'm talking about. jebhttps://www.blogger.com/profile/00537047817014159969noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-10965028162473997822012-11-18T20:31:54.780-08:002012-11-18T20:31:54.780-08:00@ Jeb
There is high unemployment in the Eurozone ...@ Jeb<br /><br />There is high unemployment in the Eurozone but it is the result of real cut backs and austerity. Spain has a current account surplus for the first time since entering the EZ.<br /><br />The EZ has one mandate.Printing money to to extend current account deficits is not what I call building confidence. Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-31529223631237375602012-11-18T18:25:06.125-08:002012-11-18T18:25:06.125-08:00Timing : No one wants to push the RPG button.
- Ch...Timing : No one wants to push the RPG button.<br />- China could help stabilise the Euro Zone if they wanted to. They don't seem that interested in doing so, which makes me think they're putting the heat on Europe to make their borrowers credible. I'd watch Germany and France. jebhttps://www.blogger.com/profile/00537047817014159969noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-85011406321831706382012-11-18T18:11:46.590-08:002012-11-18T18:11:46.590-08:00Woland - yes agree on the new understanding with r...Woland - yes agree on the new understanding with retrawling that is why I'm doing it. It's a goddamn long list though! I just have to remind myself it takes a fraction of the time to read what it would have taken to create.<br /><br />1700t of scrap is a fair chunk - a recent ZH article had China at importing ~500t this year so perhaps their import rate is not that large yet.<br /><br />Wintershttps://www.blogger.com/profile/14990696490946218094noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-60113603260594661252012-11-18T14:41:06.641-08:002012-11-18T14:41:06.641-08:00Hi Winters;
Mining is said to be +.-, 2500 tons p...Hi Winters;<br /><br />Mining is said to be +.-, 2500 tons p.a. , but scrap is estimated <br />at 1700 tons, +,-, or 1% of above ground totals. That's a lot. <br />Does it fill the gap? I don't know.<br />On another subject; I like the following perspective:<br />Gold is that currency one uses to buy all other currencies, and<br />those currencies are what people use to but "thingsWolandhttps://www.blogger.com/profile/06562438726763165471noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-20236877844757048372012-11-18T14:37:07.759-08:002012-11-18T14:37:07.759-08:00alfa-or-beta
We take the broader view here. Daily...alfa-or-beta<br /><br />We take the broader view here. Daily swings don't interest us much. I try not to look at the price of gold on a daily basis.<br /><br />Let's see if it persists to the next euro quarter MTM. Then we would have something to discuss. Perhaps. ^^<br /><br />TF Motley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-52664352561451225522012-11-18T14:33:28.568-08:002012-11-18T14:33:28.568-08:00€uro bullion has been bellow the magic line of 140...€uro bullion has been bellow the magic line of 1400,00 for a couple of last days and no nothing on this blog or comment section. It's not just temp swings in the pricing it also bears some psychological aspects to it. Anyway, wondering how long is it going to last? On another note, John Williams of shadowstats in his latest media appearances briefly vindicated fofoans, that sooner or later Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-20983226276555537102012-11-18T14:18:04.417-08:002012-11-18T14:18:04.417-08:00Nice find Indenture re: IP ban. The best solution ...Nice find Indenture re: IP ban. The best solution IMHO would be a hellban where the banned user is allowed to comment but he is the only one that see's them. I did a search but it doesn't seem supported by blogspot. The gmail filter solution posted a while back is working great for me.<br /><br />re:timing.<br />Ever since I finally grokked freegold (to some degree) I've been meaning Wintershttps://www.blogger.com/profile/14990696490946218094noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-47292544349344922472012-11-18T13:43:38.554-08:002012-11-18T13:43:38.554-08:00Interest article about Basel III and gold.
http:/...Interest article about Basel III and gold.<br /><br />http://seekingalpha.com/article/1016161-basel-iii-and-gold<br />Edgarhttps://www.blogger.com/profile/11663389155518446491noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-5085161804994112332012-11-18T09:50:54.551-08:002012-11-18T09:50:54.551-08:00Something posted (over there) that is interesting ...Something posted (over there) that is interesting enough for me to repost.<br /><br />http://www.tfmetalsreport.com/comment/237416#comment-237416<br /><br />TFMotley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-27029839649709464392012-11-18T07:53:42.628-08:002012-11-18T07:53:42.628-08:00Kinda quiet today. Time for a joke.
You know the...Kinda quiet today. Time for a joke.<br /><br />You know the saying that, when you sit down at the poker table,<br />if you haven't figured out who the "mark" is after a number of <br />hands, it's probably you.<br />Well, if a nation's money is credit, then what's the collateral? If <br />you can't figure that one out, it's probably because it's you and<brWolandhttps://www.blogger.com/profile/06562438726763165471noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-53487929746754403932012-11-17T23:43:19.939-08:002012-11-17T23:43:19.939-08:00Credibility is in the hands of the borrower, not t...Credibility is in the hands of the borrower, not the currency it self, with high unemployment, credibility diminishes, so I would think all currencies have credibility issues right now and gold is the path of least resistance to restoring credibility to the borrowers. Euro is setup best to benefit from this. jebhttps://www.blogger.com/profile/00537047817014159969noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-27094034297954974402012-11-17T23:31:30.777-08:002012-11-17T23:31:30.777-08:00Indenture
I don't think FOFOA knew this was p...Indenture<br /><br />I don't think FOFOA knew this was possible, I certainly didn't. You've been holding out on us. :P<br /><br />TFMotley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-82561804775840906222012-11-17T22:51:45.069-08:002012-11-17T22:51:45.069-08:00Kyle Bass is down 60% on his Japan shorts but he k...Kyle Bass is down 60% on his Japan shorts but he knew this was going to happen. He is just hoping to catch the crash in the next 2 to 3 years. Good luck Kyle.<br /><br />Anyhow....The way the ECB and Europe is going about this crisis will indeed save credibility in in the currency itself but the problem is that it isn't doing anything to recover the economy. Greece has been rioting for 3 Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-27113828536614099472012-11-17T20:18:30.283-08:002012-11-17T20:18:30.283-08:00Instead of Banning someone from posting why not bl...Instead of Banning someone from posting why not block them from viewing the site.<br />http://www.mybloggerlab.com/2012/06/how-to-block-ip-address-on-blogspot.html<br />He says politely. Indenturehttps://www.blogger.com/profile/01765884399143814933noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-91082832037072521072012-11-17T19:50:08.911-08:002012-11-17T19:50:08.911-08:00dieuwer,
I realize Kyle Bass overview of Japan do...dieuwer,<br /><br />I realize Kyle Bass overview of Japan doesn't present any new news for someone who has delved deeply into the situation. But it does provide a very concise overview for people who want to get up to speed on this subject. It also shows that Bass and his team have shortened the timeframe for their expected resolution.<br /><br />Previously there were several analysts saying costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-5262479620042963322012-11-17T19:42:22.168-08:002012-11-17T19:42:22.168-08:00FOFOA,
I just came across a piece discussing too-...FOFOA,<br /><br />I just came across a piece discussing too-big-to-fail institutions which contains this quote explaining FDIC's capability to act like a fire hose of cash into the creditors of a failed bank. (h/t to JSmineset for the original link)<br /><br /><i>Spencer Bacchus pointed out in a paper his office published last month, that despite the claims of Dodd Frank fans that it barred costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-43459992780014699172012-11-17T17:49:49.731-08:002012-11-17T17:49:49.731-08:00The report from Kyle Bass doesn't say much wha...The report from Kyle Bass doesn't say much what we already know. Also, he speaks a lot of money printing and the bond market, but fails to mention gold once.<br />I hate to say it, but I'm not surprised: Bass is a clever guy, but still part of the Wallstreet clique that stand to lose a lot when freegold arrives.Edgarhttps://www.blogger.com/profile/11663389155518446491noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-89804137409011787362012-11-17T17:27:56.690-08:002012-11-17T17:27:56.690-08:00This report from Kyle Bass' Hayman Capital pro...This report from Kyle Bass' Hayman Capital provides a chilling description of Japan's position. A must read if you think that the collapse of their bond market and the Yen could have a flow on effect to other economies.<br /><br />Some of their projections and indicators suggest that this could eventuate as early as 2013.<br /><br />http://www.scribd.com/doc/113621307/Kyle-Bass<br /><br /costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-55843043241010485252012-11-17T16:34:46.201-08:002012-11-17T16:34:46.201-08:00Biju,
If the reports of rocket fire from Egypt ar...Biju,<br /><br />If the reports of rocket fire from Egypt are true then Israel may have some things to worry about a little closer to home than Iran. The situation in Jordan is also quite fluid according to a report I read a few months back.costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-10545053304481638532012-11-17T16:27:21.856-08:002012-11-17T16:27:21.856-08:00Pierre,
ART has been banned from the blog not cen...Pierre,<br /><br />ART has been banned from the blog not censored. This ban was put in place after ART logged over 200 comments in the silver open forums last year. He is saying precisely the same things today as he was back then.<br /><br />All of the comments he made prior to the ban were left in place in those threads. If you want to read them you are welcome to visit those threads and read costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-74992319110572775052012-11-17T14:55:21.416-08:002012-11-17T14:55:21.416-08:00Censor on this blog, now exposed:
http://imgur.co...Censor on this blog, now exposed:<br /><br />http://imgur.com/I0tWU<br /><br />Pope FOFOA wants YOU to follow his believe in mysterious ANOTHER and FOAPierre Don Deniriohttps://www.blogger.com/profile/06761358046027719588noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-50264550273433928702012-11-17T09:42:23.127-08:002012-11-17T09:42:23.127-08:00Wil
Blogger and hardware forbid such a longing. I ...Wil<br />Blogger and hardware forbid such a longing. I swear I proofread every entry yet still ind errors after I hit send.Michael dVhttps://www.blogger.com/profile/12483224373093707424noreply@blogger.com