tag:blogger.com,1999:blog-4490468598422095060.post3655680062938225587..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Mona Lisa or Ben Franklin?FOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger65125tag:blogger.com,1999:blog-4490468598422095060.post-31832546163606313662011-01-04T20:07:23.216-08:002011-01-04T20:07:23.216-08:00Agreed J,
I've read it a couple of times in t...Agreed J,<br /><br />I've read it a couple of times in the last couple of days!!Wendyhttps://www.blogger.com/profile/17448815628676884529noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-60305360140908863872011-01-04T06:56:30.035-08:002011-01-04T06:56:30.035-08:00I enjoyed reading this post tonight over a cheap b...I enjoyed reading this post tonight over a cheap beer and a not so cheap cuban cigar. It makes me wish I was sipping on something top shelf while reading such a simple worded yet eloquent post.<br /><br />"Now ask yourself a few questions. Would you actively trade this object with other people, handing it back and forth, in order to make dollar profits from the fluctuations in its dollar Jhttps://www.blogger.com/profile/17037440628680644516noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-53260263943037029492009-06-04T17:14:36.614-07:002009-06-04T17:14:36.614-07:00I did happen to read some stories on bonds. The bi...I did happen to read some stories on bonds. The big collapse is indeed in the making. So far they manage to supress gold, but some other signs (e.g. bonds, oil) are in the red screaming at us.<br /><br />So yes, the big collapse is near indeed. I guess they are just trying to make it over the summer. I guess there is a chance for that. Before a collapse really sets in some jokers are going to be Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-81535029278786770882009-06-03T12:46:12.768-07:002009-06-03T12:46:12.768-07:00Thanks, Martijn.
"High inventories which hav...Thanks, Martijn.<br /><br />"High inventories which have to be liquidated after a period of time, so prices come down..." <br /><br />Bullwhip effect<br /><br />I wonder if this applies to a high inventory of Treasuries.<br /><br />And then to a high inventory of FRN's?<br /><br />Did you happen to read this one, Martijn? <br /><a href="http://www.economicpolicyjournal.com/2009/05/FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-73905899724829079352009-06-03T12:17:09.939-07:002009-06-03T12:17:09.939-07:00That presentation on the Germans might certainly h...That presentation on the Germans might certainly have something to do with Merckel.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-48596625878195399002009-06-03T12:15:14.628-07:002009-06-03T12:15:14.628-07:00I believe he means the bullwhip effect.I believe he means the <a href="http://en.wikipedia.org/wiki/Bullwhip_effect" rel="nofollow">bullwhip effect</a>.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-10027405729951330672009-06-03T11:57:22.712-07:002009-06-03T11:57:22.712-07:00MK (usagold.com 03June2009; 10:40)
Randy - ECB to...<b>MK</b> (usagold.com 03June2009; 10:40) <br />Randy - ECB to Flood the Zone with Euros <br /><br />I thought it interesting that, in conjunction with “The Flood,” Germany’s Angela Merckel went after the Fed, BOE and ECB on their profligate liquidity profile. Kind of blows a hole in all those conspiracy theories about the cozy relationship between governments and their central banks, doesn’t it?FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-37278275744413433552009-06-03T11:43:12.064-07:002009-06-03T11:43:12.064-07:00Martijn,
At 7:16 into the video you linked he rec...Martijn,<br /><br />At 7:16 into the video you linked he recommends looking at the ________ effect on Wikipedia. Can you tell what he is saying? <br /><br />FOFOAFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-51253764842702385982009-06-03T11:10:42.825-07:002009-06-03T11:10:42.825-07:00Martijn,
When the ECB first opened there was an ...Martijn, <br /><br />When the ECB first opened there was an argument over who would be the first President. The French wanted Trichet and the Germans, Dutch and Belgians wanted Duisenberg. The French knew that Trichet would be relatively easy with monetary policy, but the Germans wanted Duisenberg who would be tough and keep the Euro strong. The French, however, argued that since Germany got FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-90322264051152379312009-06-03T09:51:12.691-07:002009-06-03T09:51:12.691-07:00here is a video telling us we will enter the curre...<a href="http://www.youtube.com/watch?v=6GukmDO89KI" rel="nofollow">here</a> is a video telling us we will enter the currency phase of the crisis and why the system will implode. Quite correctly so.<br /><br />The video is from <a href="http://www.youtube.com/watch?v=6GukmDO89KI" rel="nofollow">this</a> blog which is rather good.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-17233578628948023502009-06-03T05:27:58.477-07:002009-06-03T05:27:58.477-07:00Btw Merkel (Germany) has openly criticised the ECB...Btw Merkel (Germany) has openly criticised the ECB.<br /><br />She argues that the central bank should not have given in to international pressure to buy bonds (treasuries). According to her QE should stop immediately, otherwise this recession is likely to last over a decade.<br /><br />As for Germany to openly criticise central bank policy is very unusual as the independence of central banks is Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-28060210110935272602009-06-02T14:15:30.415-07:002009-06-02T14:15:30.415-07:00FOFOA
Perhaps you're right. Ideally however the p...FOFOA<br /><br />Perhaps you're right. Ideally however the people should just stop trusting their banks and stop paying of their debts. They do not yet understand they should collapse the system.<br /><br />On Weimar: <A HREF="http://www.godlikeproductions.com/forum1/message794976/pg1" REL="nofollow">here</A> is a very interesting thought on Hitler.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-1901703592027458932009-06-02T13:45:23.910-07:002009-06-02T13:45:23.910-07:00"How long can it take for the people to understand...<I>"How long can it take for the people to understand?"</I> <br /><br />Martijn,<br /><br />These people pay off their debts just to survive day to day. They do not control the strength or weakness of the dollar. To make a decisive move against the dollar is very risky if you have no savings (which is the case for most debtors). Reread <A HREF="http://fofoa.blogspot.com/2009/04/FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-45549794041628916832009-06-02T13:10:09.008-07:002009-06-02T13:10:09.008-07:00@ Martijn
In the article Dollar irreplaceable, say...@ Martijn<br />In the article Dollar irreplaceable, says UAE cbanker:<br /><br />So is Toilet paper..The Mad Scientisthttps://www.blogger.com/profile/00259128528077580628noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-53095297206561559912009-06-02T13:04:26.211-07:002009-06-02T13:04:26.211-07:00For anyone interested: here is some more info on B...For anyone interested: <A HREF="http://deepjournal.nl/p/7/a/en/2023.html" REL="nofollow">here</A> is some more info on Bilderberg. This blog is usually rather good.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-72402443674219473192009-06-02T13:00:10.039-07:002009-06-02T13:00:10.039-07:00Martijn,
"Why is not the Eurozone comparable to a...Martijn,<br /><br /><I>"Why is not the Eurozone comparable to a nation state?"</I> <br /> <br /><B>Organisation and operation of the European Central Bank</B> <br /> <br />Article 108 of the Treaty establishing the European Community (EC) and Article 7 of the Statute establish the principle of independence of the European System of Central Banks (ESCB). Neither the European Central Bank (ECB), FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-9889570810316151932009-06-02T12:53:00.928-07:002009-06-02T12:53:00.928-07:00Btw, I can hardly understand why so many Americans...Btw, I can hardly understand why so many Americans continue to use their now-still-good-money to pay of their debts. All banks are bankrupt and there is no way the dollar can survive, so much should be clear by now. How long can it take for the people to understand?Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-53044669380142769212009-06-02T12:32:47.892-07:002009-06-02T12:32:47.892-07:00The nation-state steals from the masses through se...<I>The nation-state steals from the masses through seigniorage. It is the net revenue derived from the issuing of currency. The Euro has no single nation-state that can do this</I>.<br /><br />Why is not the Eurozone comparable to a nation state?Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-22015481008339815782009-06-02T11:58:10.320-07:002009-06-02T11:58:10.320-07:00Martijn,
Here is the full post I snipped that quo...Martijn,<br /><br />Here is the full post I snipped that quote from...<br /><br /><B>Aristotle</B> (10/14/03; 03:01:32MT - usagold.com msg#: 110359)<br /><B>To ALL on the topic of honest money</B> <br /><br />To offer up the culmination of a long inquiry into the nature of money from the humblest beginnings, two things come immediately to the fore.<br /><br />1.) An understanding of money -- FormFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-65784300837261390422009-06-02T11:54:50.581-07:002009-06-02T11:54:50.581-07:00Martijn,
The nation-state steals from the masses ...Martijn,<br /><br />The nation-state steals from the masses through seigniorage. It is the net revenue derived from the issuing of currency. The Euro has no single nation-state that can do this.<br /><br />Dr. Willem F. Duisenberg, first President of the ECB, said...<br /><br /><I>"The euro, probably more than any other currency, represents the mutual confidence at the heart of our community. FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-40105615668985883182009-06-02T11:40:02.082-07:002009-06-02T11:40:02.082-07:00In the article Dollar irreplaceable, says UAE cban...In the article <A HREF="http://business.maktoob.com/20090000004304/Dollar_irreplaceable_says_UAE_cbanker/Article.htm" REL="nofollow">Dollar irreplaceable, says UAE cbanker</A>:<br /><br />Although I do not have oversight of all the forces in play, we can be sure that these type of remarks are strategic. The desert boys have some difference of opinion on forming a union, and hence they enlarge theMartijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-76262812619957692202009-06-02T11:29:27.992-07:002009-06-02T11:29:27.992-07:00@FOFOA
Maybe so on those weak countries needing a...@FOFOA<br /><br />Maybe so on those weak countries needing a strong Euro but not understanding so.<br /><br />What do you mean by the Euro breaking its tie to the nation state? In my opinion it is still tied to geographical and political boarders, only on a larger level. A gold standard is international and has no boarders. I hence don't think that there is that much similarity.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-50974713554760376122009-06-02T11:26:38.862-07:002009-06-02T11:26:38.862-07:00How about this one?
So, why are consumers so conf...How about <A HREF="http://www.atimes.com/atimes/Global_Economy/KE29Dj02.html" REL="nofollow">this</A> one?<br /><br /><I>So, why are consumers so confident? They are being deceived by "free money" into believing in the power of socialism</I>.<br /><br />I would argue that increased consumer confidence is a rather good barometer for inflation. As 'the' American consumer is in debt, inflation will Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-64527092440022734132009-06-02T11:04:07.999-07:002009-06-02T11:04:07.999-07:00Martijn,
"However, they do not need a strong Euro...Martijn,<br /><br /><I>"However, they do not need a strong Euro, they actually want the Euro to decrease."</I> <br /> <br />The way I see it is that they need the strong Euro the way a child needs a parent. A parent prevents the child from doing things that will be self-destructive. The child usually does not appreciate this. The child does not understand.<br /><br />They may want a weak FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-73708892277441833802009-06-02T10:50:21.939-07:002009-06-02T10:50:21.939-07:00@FOFOA & Mad
Well, they aren't going to chang...@FOFOA & Mad<br /><br /><I>Well, they aren't going to change the fact that the ECB is independent, so the only alternative would be to break away and devalue their own currency. Only this will have the OPPOSITE effect of what they desire.<br /><br />For this country, borrowing costs will RISE as investors demand a currency risk premium. Also, while contracts between parties in the seceding Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.com