Loading ...Mazaska @ 23:18
So if you and I and a group of like minded people fund an idea, spent a fortune, in time and money on developing it, then it’s quite progressive and beneficial to mankind for China to copy and produce it without any developmental risk?
Irish @ 19:51 pm
“So did I read your post to TQ right….TQ is a good arsonist ?”
Yep! Absolutely. His ideals could burn Bernanke’s presses to the ground. 
margaret12
hedged funds are invested everywhere and everything. you will need to narrow it down a little more. many times hedge funds are on both sides of a market. no one ever mentions the billions of fiat that someone is making since investing is a zero sum game. it’s really hard to know what to do here because nobody knows who is going broke and who is making millions. not even banks want to lend to each other. international trade is coming to a standstill unless all payments are in advance.
rno
Zeitgeist: addendum
Trying this again
http://video.google.com/videoplay?docid=7065205277695921912
Several months ago, I was reading a blog from one of our engineers who was in China, coordinating offshoring of some R&D facilities. She mentioned the counterfeit products she’d seen, and discussed briefly the philosophical view as she saw it, of why China’s leaders seemingly lack respect for patent rights. Paraphrasing her, she stated that their view was that technology can not be owned, it is a basic right and building block for all of civilization. In essence, China sought the latest in technology not specifically to exploit capitalistic gain (albiet they do this), but in line with Alvin Toffler’s 1970 Future Shock, they desire to utilize technology for the further advancement of technology.
While Zeitgeist: addendum begins with the expected controversial geopolitical/monetary theme, it progresses into an idealistic vision of the future, where money, politics, and religion are absent, allowing for genuine freedom and prosperity for all people of the planet.
Perhaps the Chinese are once again thinking ahead in terms of generations, as opposed to western concepts of time, generally hours, minutes, and seconds?
If Zeitgeist: addendum is nothing else, it is very thought provoking.
A question.
Hedge funds are suffering big losses and the word is it could get much worse. How does this affect gold and gold stocks.
History of the United States Dollar…..very interesting
en.wikipedia.org/wiki/History_of_the_United_States_dollar
snip
Thus the United States moved to a gold standard, made gold the sole legal-tender coinage of the United States, and set the value of the dollar at $20.67 per ounce (66.46 ¢/g) of gold. This made the dollar convertible to 1.5 g (23.2 grains)—the same convertibility into gold that was possible on the bimetallic standard.
The gold standard was suspended twice during World War I, once fully and then for foreign exchange. At the onset of the war, US corporations had large debts payable to European entities, whom began liquidating their debts in gold. With debts looming to Europe, the dollar to British pound exchange rate reached as high as $6.75, far above the (gold) parity of $4.8665. This caused large gold outflows until July 31, 1914 when the New York Stock Exchange closed and the gold standard was temporarily suspended. In order to defend the exchange value of the dollar, the US Treasury Department authorized state and nationally-charted banks to issue emergency currency under the Aldrich-Vreeland Act, and the newly-created Federal Reserve organized a fund to assure debts to foreign creditors. These efforts were largely successful, and the Aldrich-Vreeland notes were retired starting in November and the gold standard was restored when the New York Stock Exchange re-opened in December 1914 [1].
As the United States remained neutral in the war, it remained the only country to maintain its gold standard, doing so without restriction on import or export of gold from 1915-1917. During the participation of the US as a belligerent, President Wilson banned gold export, thereby suspending the gold standard for foreign exchange. After the war, European countries slowly returned to their gold standards, though in somewhat altered form [2][3].
A gold-standard 1928 one-dollar bill. It is identified as a “United States Note” rather than a Federal Reserve note and by the words “Will Pay to the Bearer on Demand,” which do not appear on today’s currency. This clause became obsolete in 1933 but still remained on new notes for 30 years thereafter.During the Great Depression, every major currency was forced off the gold standard. Among the earliest, the Bank of England abandoned the gold standard in 1931 as speculators demanded gold in exchange for currency, threatening the solvency of the British monetary system. This pattern repeated throughout Europe and North America. In the United States, the Federal Reserve was forced to raise interest rates in order to protect the gold standard for the US dollar, worsening already severe domestic economic pressures. After bank runs became more pronounced in early 1933, people began to hoard gold coins as distrust for banks led to distrust for paper money, worsening deflation and gold reserves [4][5].
In early 1933, in order to fight severe deflation Congress and President Roosevelt implemented a series of Acts of Congress and Executive Orders which suspended the gold standard except for foreign exchange, revoked gold as universal legal tender for debts, and even banned private ownership of significant amounts of gold coin. These acts included Executive Order 6073, the Emergency Banking Act, Executive Order 6102, Executive Order 6111, the Agricultural Adjustment Act, 1933 Banking Act, House Joint Resolution 192, and later the Gold Reserve Act[6]. These actions were upheld by the US Supreme Court in the “Gold Clause Cases” in 1935[7].
For foreign exchange purposes, the set $20.67 per ounce value of the dollar was lifted, allowing the dollar to float freely in foreign exchange markets with no set value in gold. This was terminated after one year. Roosevelt attempted first to restabilize falling prices with the Agricultural Adjustment Act, however, this did not prove popular, so instead the next politically popular option was to devalue the dollar on foreign exchange markets. Under the Gold Reserve Act the value of the dollar was fixed at $35 per ounce, making the dollar more attractive for foreign buyers (and making foreign currencies more expensive to those holding US dollars). The higher price increased the conversion of gold into dollars, allowing the U.S. to effectively corner the world gold market [8][9].
End the FED
End the FED rallys are planned at federal reserve buildings across the nation on the 22. I will be in Franklin , TN this weeking and am planning on driving up to Nashville on Saturday to protest. Anyone from the tent attending? Floridagold how about it.
—-
Listen to Dennis Kucinich @ 1:55 on this Video. I didn’t think he had it in him.
Ferret………….you wont give it up eh ?
………you are defending a defenceless position……..
…….you know my point anyway…..why obscure it ?
……..In 1930 a Dollar was as good as Gold……since 1971 a Dollar is Not as good as gold…if it was then it would still buy 1/35th ounce of gold !
………So deflation in the 30s….where dollars were scarce and so prices collapsed…….is not on in the present time frame…..Dollars are Not scarce but Gold is !
……..You say Dollars were more prevalent than gold in 1906 !………How about NOW ?…..probably more than 100,000 dollars to one ounce would be the right rate with your method !
22:46, can I see a ten bagger in that chart?
A six bagger? No, er, a four bagger? Three? Ah, a two and a bit bagger over nine years. Real estate is still better than that!!