tag:blogger.com,1999:blog-4490468598422095060.post4158291300977394324..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: The Old Hyperinflation QuestionFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger95125tag:blogger.com,1999:blog-4490468598422095060.post-78186089841497281372010-07-16T17:39:33.228-07:002010-07-16T17:39:33.228-07:00Well I was proven correct in the end:
http://gold...Well I was proven correct in the end:<br /><br />http://goldwetrust.up-with.com/precious-metals-f6/how-will-we-physically-trade-gold-silver-at-5000-500-t61-135.htm#3323<br /><br />Fofoa, you are a fraud. Now I see you are raising $ from your readers. I have never done that, I have written 6000+ posts in the past 4 years with more valuable truth than the nonsense you preach.<br /><br />You won&#shelbyhttps://www.blogger.com/profile/04192118408905938326noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-3360669321446099502010-06-18T00:38:25.062-07:002010-06-18T00:38:25.062-07:00Just a little adjunct to your comments FOFOA:
&qu...Just a little adjunct to your comments FOFOA:<br /><br /><i>"Unlike 1980, this time gold will go up and stay up! I'm not saying there will not be a temporary overshoot in actual purchasing power. But with the specter of hyperinflation looming, it will not be worth the attempt to capture the overshoot. An exit from gold may just capture YOU in the wrong paper at the most wrong time in allmikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-27159599953294562582010-06-17T23:24:42.217-07:002010-06-17T23:24:42.217-07:00Michael Maloney on Nationalization - 08/02/09
http...Michael Maloney on Nationalization - 08/02/09<br />http://www.youtube.com/watch?v=mtYdnCGZbGA<br /><br />very nice interview. Explains the dynamic of why not.raptorhttps://www.blogger.com/profile/11472558794377090197noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-21418416415126753122010-06-17T16:20:22.628-07:002010-06-17T16:20:22.628-07:00RE: Gold taxes...
If you were in charge of impleme...RE: Gold taxes...<br />If you were in charge of implementing the next monetary system and based it on gold, would you put a tax on the basis of your new system? Assuming that you were wise enough to accumulate a hoard for yourself, would you put a punitive tax on your own weath? <br />However, if you were to implement another fiat system and people were reluctant to adopt it, you'd probablySigo Plapalhttps://www.blogger.com/profile/11777833271104239679noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-63427836331242270212010-06-17T06:12:04.661-07:002010-06-17T06:12:04.661-07:00I tell you something about a black box model on ex...I tell you something about a black box model on example.<br /><br />Somebody wrote:<br /> "...If you think about it, there's a lot of risk have all your wealth tied up in the currency of any one country. Something bad happens to that country, it's currency is worth a lot less..."<br /><br />Apply on each and every one currency.<br /><br />Existing precondition:<br /><br />-> @mortymer001https://www.blogger.com/profile/13047624328777522777noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-80156506196230807082010-06-17T00:20:31.490-07:002010-06-17T00:20:31.490-07:00Jesse: "...Note 1: The latter case is the mos...Jesse: "...Note 1: The latter case is the most difficult phenomenon to understand, but is behind much of the financial crisis which we are experiencing today. Inflation can occur even if money supply is flat and declining, because it is the level of demand for the money that could be dropping even while supply is constant. A example of this would be Europe in the aftermath of the Black Death@mortymer001https://www.blogger.com/profile/13047624328777522777noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-20318649497899708522010-06-16T20:35:57.563-07:002010-06-16T20:35:57.563-07:00FOFOA,
Returning to matters Euro, Freegold, A/FOA...FOFOA,<br /><br />Returning to matters Euro, Freegold, A/FOA etc<br /><br />The weak handed longs keep lining up to get reamed just as A/FOA predicted.<br /><br />From Harvey Organ's blog:<br /><br />"You could tell that the banker cartel did not like to see demand rise in both silver and gold. They also see an opportunity to raid these unsuspecting longs who put on stop losses. These costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-72611206126280673192010-06-16T19:36:44.844-07:002010-06-16T19:36:44.844-07:00Aleksandar,
Well said. Nature cannot be bribed or...Aleksandar,<br /><br />Well said. Nature cannot be bribed or coerced into creating gold at the whim of a politician or central banker.costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-62796486743783928872010-06-16T19:29:20.324-07:002010-06-16T19:29:20.324-07:00Shelby,
Please don't try to force your opinion...Shelby,<br />Please don't try to force your opinions on people who are not interested in your views. Try to have a little respect for FOFOA, his blog, and the other posters. If your thoughts are not solicited, or in this case prohibited, accept it and move on. <br />I don't understand your resentment toward FOFOA and his views. The bitterness demonstrated in your responses is Greyfox "It's the Debt, Stupid"https://www.blogger.com/profile/02320201468671472952noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-91060225989912494162010-06-16T19:06:56.891-07:002010-06-16T19:06:56.891-07:00The above is from here. It has been discussed, li...The above is from <a href="http://www.safehaven.com/article/5205/why-the-global-financial-system-is-about-to-collapse" rel="nofollow">here</a>. It has been discussed, linked and used in posts here many times, including my post <a href="http://fofoa.blogspot.com/2009/12/gold-ultimate-un-bubble.html" rel="nofollow">Gold: The Ultimate Un-Bubble</a> in which I wrote:<br /><br /><b>1980? This Time isFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-3940542066808164602010-06-16T19:05:26.941-07:002010-06-16T19:05:26.941-07:00Regarding Volcker:
What I'm essentially claim...Regarding Volcker:<br /><br /><i>What I'm essentially claiming is that there's no such thing as a precious-metals bubble.<br /><br />This assertion may surprise people who remember 1980, when gold touched $850 and silver $50. In the '90s gold bottomed at $250 and silver at $3.50. These numbers are even more extreme when we factor in debasement. Doesn't this look like a bubble?<br FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-1422352509850225632010-06-16T18:04:16.325-07:002010-06-16T18:04:16.325-07:00Tekin,
"Next? Well; your insistence on taxin...Tekin,<br /><br />"Next? Well; your insistence on taxing the pm holders until suffocation gives a new meaning to A/FOA thesis, that, "gold could go into hiding"."<br /><br />+1,000<br /><br />Particularly true if it is taxed on sale. Another key point that our taxation seer fails to grasp is that there are invariably loopholes in a tax regime to allow the insiders to minimise costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-12771048954663934622010-06-16T17:55:22.924-07:002010-06-16T17:55:22.924-07:00raptor,
Thanks for your perspective. FWIW I think...raptor,<br /><br />Thanks for your perspective. FWIW I think the asset stripping of the USA is an "inside job" too. The scenario for Russia that you outlined fits with several accounts I have read.costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-65358963970920420912010-06-16T17:55:22.923-07:002010-06-16T17:55:22.923-07:00@shelby
There is simple reason why the Fed can...@shelby<br /><br />There is simple reason why the Fed can't raise the % to 20%, USA is in big debt and 70% of economy is services which is different than the situation in 1980.<br />If there is jump to 20% it will be because the market impose it not because the Fed want and when the market imposes it will mean austerity not prosperity.<br /><br />Also as one previous posters said giving 20% raptorhttps://www.blogger.com/profile/11472558794377090197noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-58946898112154056212010-06-16T17:50:43.448-07:002010-06-16T17:50:43.448-07:00Jeff,
Thanks for the tip. I'm familiar with D...Jeff,<br /><br />Thanks for the tip. I'm familiar with Dmitry Orlov's work.<br /><br />That excerpt was from a MMS article. Since raptor apparently hails from that part of the world I was wondering if he thought it was true ie. that the Chernobyl coverup hastened the collapse of the USSR.costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-24467952345158550002010-06-16T17:49:39.863-07:002010-06-16T17:49:39.863-07:00How about this for an idea:
Taking possesions of ...How about this for an idea:<br /><br />Taking possesions of precious metals is insurance (like a CDS) for protection against the bankruptcy of a central bank with Nature as a counterpart.<br /><br />The bankruptcy of a central bank is not the same as the bankruptcy of a government. Sometimes they happen both at the same time but not necessarily so.<br /><br />Since central banks are, well, <i>Unknownhttps://www.blogger.com/profile/11117071924639911917noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-47419098283022453052010-06-16T14:28:12.649-07:002010-06-16T14:28:12.649-07:00@ Shelby;
At least, we (gold holders) could survi...@ Shelby;<br /><br />At least, we (gold holders) could survive till the end of hyperinflation. Most people would throw the towel long before that.<br /><br />Next? Well; your insistence on taxing the pm holders until suffocation gives a new meaning to A/FOA thesis, that, "gold could go into hiding". <br /><br />Your 20% interest rate on gold makes me smile. Doubling time is 3.6 years. Tekinhttps://www.blogger.com/profile/11845615010859499628noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-42836453952180291542010-06-16T12:39:45.530-07:002010-06-16T12:39:45.530-07:00Shelby, I guess noone interested in your crap mone...Shelby, I guess noone interested in your crap money here; you can dedicate your own blog or whatever and let your fellows/opponents open their minds there.<br /><br />Sure, I don't know future but my answer is you are too obsessed with your own IQ and blinded by your Great theory. Perhaps you are being convinced by idea 'because nobody is refuting my theses now, it must be a sign these stibothttps://www.blogger.com/profile/04496901575312017807noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-31866766653707642192010-06-16T11:19:19.346-07:002010-06-16T11:19:19.346-07:00costata@
>The Chernobyl cover-up largely resul...costata@<br /><br />>The Chernobyl cover-up largely resulted in the hastening of glasnost and the ultimate collapse of the Soviet Union.<br /><br />I think this probably was the final pin in the coffin. But a pretty major role also played the unending Russian war in Afganistan.<br /><br />Can't be so sure about USSR, but I think the top apparatchiks, someway knew about the forthcoming raptorhttps://www.blogger.com/profile/11472558794377090197noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-36139306747557681802010-06-16T09:19:03.808-07:002010-06-16T09:19:03.808-07:00"Welcome to the New Gold. It moves as a proxy..."Welcome to the New Gold. It moves as a proxy for itself. A weak dollar, a strong dollar, it doesn’t matter. It moves because of its own fundamentals. It is a hedge for inflation like your house but is far more portable. It earns no interest, but it will if someone can’t make delivery...."<br /><br />"Stop looking for correlations and just ask yourself, who do you know is buying Greyfox "It's the Debt, Stupid"https://www.blogger.com/profile/02320201468671472952noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-47190397421433703502010-06-16T07:07:36.324-07:002010-06-16T07:07:36.324-07:00The "Fat Lady" is backstage warming-up.
...The "Fat Lady" is backstage warming-up.<br /><br /><br />"The scramble for physical is accelerating. Following in the footsteps of PHYS and GLD, yet another gold trust announces a follow-on offering, in which the entire $800 million outstanding under the firm's previously filed Shelf will be used up. "Substantially all of the net proceeds of the offering will be used for Greyfox "It's the Debt, Stupid"https://www.blogger.com/profile/02320201468671472952noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-77738137374747796002010-06-16T04:47:53.655-07:002010-06-16T04:47:53.655-07:00Costata, that comment about USSR is probably deriv...Costata, that comment about USSR is probably derived from Dmitri Orlov. He has a blog comparing the USSR collapse to USA, recommended. Also, his work Closing the Collapse Gap can be found online. It is eye-opening.Jeffhttps://www.blogger.com/profile/08785185950964767294noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-60880410425593818402010-06-16T00:48:10.256-07:002010-06-16T00:48:10.256-07:00raptor,
Would you agree with this statement about...raptor,<br /><br />Would you agree with this statement about the USSR?<br /><br />"The Obama administration has taken a page from the government of Soviet leader Mikhail Gorbachev and Chernobyl in censoring the bad news from the Gulf oil mega-disaster. <b>The Chernobyl cover-up largely resulted in the hastening of glasnost and the ultimate collapse of the Soviet Union</b>."<br /><br />costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-30088806858158148592010-06-15T22:42:48.449-07:002010-06-15T22:42:48.449-07:00Came across a quote by Dr.Milton Gilbert, economic...Came across a quote by Dr.Milton Gilbert, economics adviser of the Bank for International settlements , " Some people seem to have the vision that as the central banks become used to the new reserve assets... they will begin to prefer them to gold, and that gold will gradually disappear as a monetary instrument--- or at least become unimportant. This seems to me to be plain fantasy and aboutSegestanhttps://www.blogger.com/profile/17266926084296795245noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-91925714417133205512010-06-15T12:38:16.661-07:002010-06-15T12:38:16.661-07:00Gold Will Continue to Shine
http://www.smartmoney...Gold Will Continue to Shine<br /><br />http://www.smartmoney.com/investing/economy/gold-will-continue-to-shine/?page=all<br /><br /><br />I love it when the media, which never told you to get into gold in the first place, is now telling you to get out. It is just classic .....raptorhttps://www.blogger.com/profile/11472558794377090197noreply@blogger.com