tag:blogger.com,1999:blog-4490468598422095060.post9128395113489817907..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Open ForumFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger113125tag:blogger.com,1999:blog-4490468598422095060.post-54675368897749196402010-10-16T18:03:00.257-07:002010-10-16T18:03:00.257-07:00Oct. 16, 2010
Benoît Mandelbrot, Novel Mathematic...Oct. 16, 2010<br /><br />Benoît Mandelbrot, Novel Mathematician, Dies at 85synarchyhttps://www.blogger.com/profile/10835191641719379648noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-53202090070148749982010-10-13T21:01:27.379-07:002010-10-13T21:01:27.379-07:00Maybe a gold standard/backed currency comes along ...Maybe a gold standard/backed currency comes along and having gold at this (next) time is huge and FOFOA will be "correct". But then what? Oops our new currency will "have to be" controlled by a regional custodian. We can't have nations doing this again (blowing up their fiat) etc. They just need to get the slippery slope started. Then we go from regional to global Tdfxmanhttps://www.blogger.com/profile/01318819103047042360noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-6015719432440249802010-10-13T21:00:48.874-07:002010-10-13T21:00:48.874-07:00Just want to say thanks to Satya and Desp and FOFO...Just want to say thanks to Satya and Desp and FOFOA. I can’t let a NWO discussion slide by without comment. :)<br /><br />I agree, this comes down to "do the people get more freedom or less?"<br /><br />I think the trend to, and a desire for, global/regional currencies/solutions is so obvious that it hardly needs explaining. I don't think I need to post 5-10 links to show how Tdfxmanhttps://www.blogger.com/profile/01318819103047042360noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-68088749567372265672010-10-13T19:58:30.561-07:002010-10-13T19:58:30.561-07:00The US dollar just blew through .7700 USDX on the ...The US dollar just blew through .7700 USDX on the downside.<br /><br />It now sits at .7671<br /><br /><br />http://jsmineset.com/Greyfox "It's the Debt, Stupid"https://www.blogger.com/profile/02320201468671472952noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-87111126965557614962010-10-13T19:22:09.122-07:002010-10-13T19:22:09.122-07:00The Truman and Wolf articles were shocking for how...The Truman and Wolf articles were shocking for how brazenly they told the rest of the world to get in line. It must be really, really desperate. <br /><br />So far, it appears the world is allowing a pretty hefty USD adjustment to take place, but it doesn't seem like this will end well. I don't even think it will work in the US, once oil hits 100. <br /><br />The Fed is clearly Texanhttps://www.blogger.com/profile/02676648339246724302noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-39911819526206080082010-10-13T16:46:04.489-07:002010-10-13T16:46:04.489-07:00Best thing I read today!
"Gold rallied sharp...Best thing I read today!<br /><br />"Gold rallied sharply today on news that the US would sell its entire stock of gold to China….. whoops, wait a minute – it wasn’t the US, it was England trying to sell all their gold to China. Oh drat – I forgot – they don’t have any gold left to sell to anyone because Gordon Brown sold it all back when it was $250 thinking that it would be a great way to Indenturehttps://www.blogger.com/profile/01765884399143814933noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-89505936550740480022010-10-13T16:25:01.433-07:002010-10-13T16:25:01.433-07:00Here's another writer questioning why the U.S....Here's another writer questioning why the U.S. doesn't just sell all that shiny stuff and reduce the deficit: http://www.theatlantic.com/magazine/archive/2010/11/uncle-sam-8217-s-mysterious-hoard/8254/<br /><br />Coordinated?DiverCityhttps://www.blogger.com/profile/07475857314061951650noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-23548103486087178792010-10-13T14:59:51.122-07:002010-10-13T14:59:51.122-07:00Hi All,
Gotta love the blogosphere. Some news or ...Hi All,<br /><br />Gotta love the blogosphere. Some news or analysis hits the iWaves and a second later people are all over it deconstructing and reprocessing the data.<br /><br />Great link Greyfox. Thanks.<br /><br />Now why would the BIS be draining gold from the market?<br /><br />BTW did you notice the reports from the World Gold Council about the increase in scrap gold supplies filling the costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-86991544522630812162010-10-13T14:42:10.178-07:002010-10-13T14:42:10.178-07:00@Desperado
I sure would like to know how much thes...@Desperado<br />I sure would like to know how much these economic gurus have privately invested in PM's.<br /><br />Yes, so would I. My best guess is that many are invested even though they espouse the establishment propaganda. Being seen as to have drunk the cool-aid is required of them. <br />Desperado, I see much of myself in my younger years in your attitude and beliefs. It has been Greyfox "It's the Debt, Stupid"https://www.blogger.com/profile/02320201468671472952noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-23734427989141353422010-10-13T14:07:46.769-07:002010-10-13T14:07:46.769-07:00BIS preparing for end of $IMFS???
BIS taking in ...BIS preparing for end of $IMFS???<br /><br /><br />BIS taking in more gold - who are the counterparties this time?<br /><br />The Bank of International Settlements hit the headlines earlier this year when it was discovered that its gold holdings had soared, now it appears they are on the increase again<br /><br />http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=112890&sn=Detail&Greyfox "It's the Debt, Stupid"https://www.blogger.com/profile/02320201468671472952noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-15389686614949104812010-10-13T13:42:52.782-07:002010-10-13T13:42:52.782-07:00All these threads about financial events are delib...All these threads about financial events are deliberately been used to divert the sheeple's attention away from gold. Taxes are the problem. No, the Fed should sell the gold. No, it currency wars. I guess a lot of you have already figured this out, but it seems to be getting increasingly blatant. I sure would like to know how much these economic gurus have privately invested in PM's.Desperadohttps://www.blogger.com/profile/16215858025835016523noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-34359880896518576222010-10-13T12:19:50.751-07:002010-10-13T12:19:50.751-07:00@S,
As you say, not one time in the article did W...@S,<br /><br />As you say, not one time in the article did Wolf mention gold. Again, there seems to be a coordinated chorus between all the prima-donna economists. All we need now is for Krugman and Stiglitz to join the choir. Perhaps with Roche singing backup. All will ignore gold. It appears that they are getting desperate.Desperadohttps://www.blogger.com/profile/16215858025835016523noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-90864890795281846372010-10-13T10:02:26.111-07:002010-10-13T10:02:26.111-07:00Readthe Martin Wolf piece via Jesse's Cafe for...Readthe Martin Wolf piece via Jesse's Cafe for a picture of exactly what the isnider baseball crwod thinks. Gold is not on the agenda, rather per wolf the USD will win the currency battle...what he doesnt say is that it has already lost the gold battle.Shttps://www.blogger.com/profile/05174134063094011064noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-80901652096023668212010-10-13T09:30:35.138-07:002010-10-13T09:30:35.138-07:00@Greyfox,
Great piece by Rickards, this quote syn...@Greyfox,<br /><br />Great piece by Rickards, this quote syncs perfectly with what I was saying about Mankiw:<br /><br /><i>"He writes, “Official discussions of the reform of the international monetary system do not include any advocates of a return to gold…” (emphasis added). The problem with this observation is that he is almost certainly right. And this is scary. I have maintained for Desperadohttps://www.blogger.com/profile/16215858025835016523noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-34913187035087582562010-10-13T07:48:40.064-07:002010-10-13T07:48:40.064-07:00It is another desperate attempt at gold price supp...It is another desperate attempt at gold price suppression.<br /><br /><br /><br />Per Jim Rickards:<br />"the last gasp of the ancien régime of fiat money"<br /><br /><br />http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/13_Jim_Rickards_-_Last_Gasp_of_the_Fiat_Money_Regime.htmlGreyfox "It's the Debt, Stupid"https://www.blogger.com/profile/02320201468671472952noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-90546923781704988652010-10-13T07:27:36.096-07:002010-10-13T07:27:36.096-07:00There is an article at the GATA site by by Edwin ...There is an article at the GATA site by by Edwin Truman writing in the Financial Times, entitled, “America Should Open Its Vaults and Sell Gold”<br /><br />The link is http://www.gata.org/node/9150<br /><br />What does anyone here make of this?oldinvestorhttps://www.blogger.com/profile/09702919931459797506noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-63532039951589704122010-10-13T05:10:40.172-07:002010-10-13T05:10:40.172-07:00N. Gregory Mankiw's (professor of economics at...N. Gregory Mankiw's (professor of economics at Harvard. He was an adviser to President George W. Bush.) NYT piece titled <a href="http://www.nytimes.com/2010/10/10/business/economy/10view.html?_r=1" rel="nofollow">"I Can Afford Higher Taxes. But They’ll Make Me Work Less"</a> has raised a few eyebrows. He talks about the effects the various tax rates have on savings and Desperadohttps://www.blogger.com/profile/16215858025835016523noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-83567828668925960112010-10-13T00:27:53.763-07:002010-10-13T00:27:53.763-07:00my pleasure. thanks for asking. as always, pleas...my pleasure. thanks for asking. as always, please feel free to share yours :)SatyaPranavahttps://www.blogger.com/profile/02422604006082536504noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-73009594810848053072010-10-13T00:07:49.604-07:002010-10-13T00:07:49.604-07:00Satya,
Thanks for the reply and for sharing your ...Satya,<br /><br />Thanks for the reply and for sharing your thoughts.costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-87235124506251535632010-10-12T22:20:39.437-07:002010-10-12T22:20:39.437-07:00I recall Adam Hamilton of Zeal intelligence saw fr...I recall Adam Hamilton of Zeal intelligence saw fractal patterns in the price movement of gold. Here is a taste from 2007<br /><br />The endless greed-fear-greed-fear cycles that gradually drive bulls higher are easy to understand. Traders naturally oscillate between sentiment extremes over time, and these emotions drive their trades which lead to the major interim highs and lows. But in the HUI&Diamond Jackhttps://www.blogger.com/profile/09998468116779554795noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-72097580640459328342010-10-12T11:15:29.706-07:002010-10-12T11:15:29.706-07:00One thing does appear clear the window and timelin...One thing does appear clear the window and timeline for action is truncating for the US and $ faction. The ECB appears (?) to be tailing off from the Fed which means either (1) preparing for the ahrd money faction to take control via the Germans or (2) the EUR is being set up for a raid on the peripherals (though recent comments by China re Greece seem to be an obvious flanking tactic).Shttps://www.blogger.com/profile/05174134063094011064noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-33210957139424350262010-10-12T11:09:37.310-07:002010-10-12T11:09:37.310-07:00greyfox +10
The growing discussion of int'l s...greyfox +10<br /><br />The growing discussion of int'l supra fx suggests the path to any gold basket will pass through a sovereign induced pergatory. How long that last is perhaps best evidenced by the decaying half life of Yen intervention. One suspects that the market will quickly see through the half measures. The IMF meeting fail in DC was indicative of perhaps the decaying value of $IMF?Shttps://www.blogger.com/profile/05174134063094011064noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-76457791813791237212010-10-12T10:21:14.081-07:002010-10-12T10:21:14.081-07:00Per Jim Richards:
The preference of central banks ...Per Jim Richards:<br />The preference of central banks is to invent a currency such as the SDR or the Bancor. But, the market’s preference seems to be for gold. So the currency war comes down to a race between gold and the new paper currency. Who will win?”<br /><br /><br />@ FOFOA<br />My belief is that FreeGold will be the eventual outcome of the failure of the $IMFS. However, if on a Greyfox "It's the Debt, Stupid"https://www.blogger.com/profile/02320201468671472952noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-86376295124277023262010-10-12T09:34:05.907-07:002010-10-12T09:34:05.907-07:00Hi Gabriel,
From my perch, if I am not mistaken, ...Hi Gabriel,<br /><br />From my perch, if I am not mistaken, it seems you envision the Fed as being in control and the center of the show, while perhaps FOFOA is more describing the powers that be reacting to forces outside of their control.<br /><br />http://fofoa.blogspot.com/2010/07/debtors-and-savers.html<br /><br />A different way of expressing this concept is perhaps recognize that the JRhttps://www.blogger.com/profile/16345441084565082627noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-82708192898387899072010-10-12T08:54:58.969-07:002010-10-12T08:54:58.969-07:00FOFOA,
Thank you for this blog, its insights and ...FOFOA,<br /><br />Thank you for this blog, its insights and information. Please consider in the following comment the reflections of a naïve layman, rather than any criticism, especially as I do not find their answers in your (or Another) writings:<br /><br />You say: [we are the tail end of a giant "easy money" cycle. And these always, without fail, end with a switch back to "hardGabrielhttps://www.blogger.com/profile/04647249894551290481noreply@blogger.com