tag:blogger.com,1999:blog-4490468598422095060.post9167359465233543554..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Fear Manipulates GoldFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger63125tag:blogger.com,1999:blog-4490468598422095060.post-78334010674119473082009-04-24T18:53:00.000-07:002009-04-24T18:53:00.000-07:00Funny post "from China" on USAGold forum...
Hi, A...Funny post "from China" on USAGold forum...<br /><br /><I>Hi, America, it’s me, China.<br />As you know, you owe me a lot of money. A LOT of money.<br />I’m not only wondering if you are going to pay me but if in fact, you can. You see, you’ve given me every manner of I.O.U.’s that are frankly, paper.<br />All those dollars I have? Well, I have a nasty feeling about them, too. They are also made FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-41593993803190809672009-04-24T18:39:00.000-07:002009-04-24T18:39:00.000-07:00Martijn,
We must all work with what we've got, an...Martijn,<br /><br />We must all work with what we've got, and that includes idiot politicians, greedy bankers, fiat currencies and an imperfect world. And what we have right now includes usury de jure and de facto (by law and by fact or in practice). <br /><br />But I think it is helpful to recognize the history of usury. This can help you stay out of trouble.<br /><br />Freegold is the systemFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-76004710176630339832009-04-24T17:32:00.000-07:002009-04-24T17:32:00.000-07:00Should we forbid usury, shouldn't we all sheare?Should we forbid usury, shouldn't we all sheare?Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-47870293769992007552009-04-24T14:58:00.000-07:002009-04-24T14:58:00.000-07:00Martijn,
You must remember that your perspective ...Martijn,<br /><br />You must remember that your perspective on this is very modern. Before 1971 interest rates remained steady and there was no need to set the rates. And in a strictly gold currency system (not a gold standard) interest rates are negligible or nonexistent. It is only in a purely fiat system, like 1971 to present, that these age-old words of wisdom become so confusing and FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-89423215988611316402009-04-24T14:41:00.000-07:002009-04-24T14:41:00.000-07:00Basically I do believe the "discussion" on usury t...Basically I do believe the "discussion" on usury to be of relevance. Usury is connected to inflation, and as I said before the government sets interest rates. <br />What is especially remarkable on usury is that is has been forbidden by so many religions, while all those religion would let me free to sell a slice of bread for an once of gold as nobody would make that deal. Is usury really Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-80624277764442236892009-04-24T14:25:00.000-07:002009-04-24T14:25:00.000-07:00@FOFOA
But I can understand why usury was banned ...@FOFOA<br /><br /><I>But I can understand why usury was banned in the past. In the extreme, it is predatory on the weak. And in the norm, it is insidious and it can lead to some of the very problems we have today. But in the modern world, I don't think there is a practical way around it</I>.<br /><br />Well, I still believe that in a free market people would see that. And hence it would not Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-6418120178718587232009-04-24T14:22:00.000-07:002009-04-24T14:22:00.000-07:00I like Ron Paul a lot. I do not agree 100% with hi...I like Ron Paul a lot. I do not agree 100% with him, but it is certainly a very high percentage. I did not vote for him in the primary. But that does not mean I wouldn't if given the choice again.FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-74974361561380073792009-04-24T14:20:00.000-07:002009-04-24T14:20:00.000-07:00And yes, once again I have managed to think faster...And yes, once again I have managed to think faster than I type.<br /><br />Where I typed <I>opion</I> I was thinking <I>opinion</I>.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-49107493581852387012009-04-24T14:18:00.000-07:002009-04-24T14:18:00.000-07:00@FOFOA
What's your opion on Ron Paul?@FOFOA<br /><br />What's your opion on Ron Paul?Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-4942306651445847042009-04-24T12:45:00.000-07:002009-04-24T12:45:00.000-07:00ANOTHER Thought on China...
Excerpt from:
The “Un...ANOTHER Thought on China...<br /><br />Excerpt from:<br />The “Unofficial” Kitco Refugees’ Gold and Metals Forum formerly known as<br />Kitco Backup:<br />“@ MoreGold — Mikikis (), — MoreGold, 11:44:09 04/24/09 Fri<br />Ya don’t geet the point !<br />They misreported their true HOLDINGS for 6 years…<br />Thats the point…<br />Who cares where it came from.<br />They may already have 4000 TONNES FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-62554560707067638882009-04-24T12:18:00.000-07:002009-04-24T12:18:00.000-07:00Martijn,
You will like this new one from Jim Will...Martijn,<br /><br />You will like this <A HREF="http://www.gold-eagle.com/editorials_08/willie042309.html" REL="nofollow">new one from Jim Willie</A>. Obviously he wrote it yesterday before the news about China's gold came out, but it's all about China and certainly supported by that news.<br /><br />Sincerely,<br />FOFOAFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-18305220677223682162009-04-24T10:06:00.000-07:002009-04-24T10:06:00.000-07:00@FOFOA
Remember talking about China's gold recent...<I>@FOFOA<br /><br />Remember talking about China's gold recently? </I>Yes! Someone pointed me to that last night and I made that same comment <A HREF="http://fofoa.blogspot.com/2009/04/covert-market-operations.html#comments" REL="nofollow">here</A>.FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-8650281776212640142009-04-24T09:53:00.000-07:002009-04-24T09:53:00.000-07:00Hi Martijn,
Personally I find the battle of usury...Hi Martijn,<br /><br />Personally I find the battle of usury one for the purists. I agree with you and Hommel that it should not be banned, mainly because I'm a pragmatist. In a Freegold world you should have a choice to save in gold, and be assured that you will survive any fiat inflation, or to save by lending your money to someone else, with the hope of a profit.<br /><br />But I can FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-57905507690039548562009-04-24T04:53:00.000-07:002009-04-24T04:53:00.000-07:00One should however be aware that there is quite a ...One should however be aware that there is quite a difference between lending and investing in the sharing of risk and return I mentioned. <br />The ideal scenario for a lender is when a borrower is not able to return the principal, but can pay the interest. In that case the lender is guaranteed a steady income over time with a relatively small investment (the principal), an example of which is Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-81975026801163690162009-04-24T03:13:00.000-07:002009-04-24T03:13:00.000-07:00In response to the Chrysler story: I will not go i...In response to the Chrysler story: I will not go into the numbers, but again I generally believe that lending and investing are two different approaches to the same principal-agent problem of having someone else "play" with your money.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-14641269549828401022009-04-24T03:00:00.000-07:002009-04-24T03:00:00.000-07:00@FOFOA
The article on the critique of usury is qu...@FOFOA<br /><br />The article on the critique of usury is quite interesting to say the least. Personally, I do not believe usury in itself to be unfair, but rather the centralized determination of interest rates. I believe that in a truly free money market interest rates will be adapted to reflect market characteristics and match the inherent risk of money lending in that market. In a truly free Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-22382170544489373722009-04-24T02:09:00.000-07:002009-04-24T02:09:00.000-07:00@FOFOA
Remember talking about China's gold recent...@FOFOA<br /><br />Remember talking about China's gold recently? <br /><br /><A HREF="http://www.bloomberg.com/apps/news?pid=20601087&sid=aypyRVuxbszg&refer=home" REL="nofollow">China now claims to have the fifth biggest holding of gold by country in the world</A>Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-81338162446708156012009-04-24T01:26:00.000-07:002009-04-24T01:26:00.000-07:00Shanti,
Thank you for your kind words.
If you ...Shanti,<br /><br />Thank you for your kind words. <br /><br />If you are looking at how many people out of 1 billion have visited this blog, the number is 2385. There are 6.77 billion people in the world. So divide 16,146 by 6.77.<br /><br />That site hartgeld.com sends the most visitors of any when they link to this blog. More than dollarcollapse or economicrot.<br /><br />Sincerely,<br />FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-86239787459457130282009-04-23T13:21:00.000-07:002009-04-23T13:21:00.000-07:00@FOFOA
I'll get back on those questions.
Seen t...@FOFOA <br /><br />I'll get back on those questions. <br />Seen this link about money on Jim Sinclair?<br /><br /><A HREF="http://seekingalpha.com/article/132490-the-power-of-gold?source=email" REL="nofollow">Seeking Alpha</A>Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-33506406167421164302009-04-23T11:10:00.000-07:002009-04-23T11:10:00.000-07:00Martijn,
Here is how to make a hyperlink on Blogg...Martijn,<br /><br /><A HREF="http://3.bp.blogspot.com/_cvdgPlEKW9k/Sd-7l-4OTFI/AAAAAAAAAYU/p8BLC26vVHA/s1600-h/HyperlinkHowto.JPG" REL="nofollow">Here</A> is how to make a hyperlink on Blogger. It is impossible to show you by typing it out because of the html code, so I made a jpeg. Preview your comment to see if it works.<br /><br />FOFOAFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-19482546867467802222009-04-23T11:01:00.000-07:002009-04-23T11:01:00.000-07:00Martijn,
My Thoughts on the Chavez article:
This...Martijn,<br /><br />My Thoughts on the Chavez article:<br /><br />This is similar to local currencies used in various communities, only on a larger scale. It is a way for local participants to bypass the dollar for their local trades, similar to barter which is mentioned in the article.<br /><br />Chavez has dreams of this currency growing into something much larger than this. However, does he FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-24881629444427541282009-04-23T10:34:00.000-07:002009-04-23T10:34:00.000-07:00Thought provoking...
Good morning Martijn,
What ...Thought provoking...<br /><br />Good morning Martijn,<br /><br />What time is it where you are? I will check out your link now. But first I came across this Thought.<br /><br />Continuing our discussion of Riba (Usury) versus Islamic Banking...<br /><br />When you buy bonds in the bond market, you become a lender, guilty of usury. When you buy stocks in the stock market, you are an investor, a FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-43121061573458780502009-04-23T10:28:00.000-07:002009-04-23T10:28:00.000-07:00I thought the hyperlink would work, but you'll hav...I thought the hyperlink would work, but you'll have to just copy past it..Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-40574507231232776142009-04-23T10:27:00.000-07:002009-04-23T10:27:00.000-07:00@FOFOA
I was talking about it before, and the Ara...@FOFOA<br /><br />I was talking about it before, and the Arab guy in the movie from yesterday did also (has have many others in the past): electronic currency.<br /><br />Venezuela is making plans on introducing one: <br /><A>http://www.reuters.com/article/bondsNews/idUSN1625462420090416</A>Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-4712439106876610652009-04-23T04:33:00.000-07:002009-04-23T04:33:00.000-07:00Oops,
Mixing the xxllinons a bit up, the right # ...Oops,<br /><br />Mixing the xxllinons a bit up, the right # would be, less than a 400 per billion, still amazing<br /><br />ShantiAnonymousnoreply@blogger.com