Pundit
Comments
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Pundit said:off the top off my head i actually am not sure in response to the the specific question i was referring to.. December 31, 1974 ended the era of private U.S. gold ownership restrictions which had begun in 1933. As of January …
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that flat line of stable national debt from 1940 to 1973 was when the USD was backed by gold. The unbacked fiat system kicked in after that and look at the line go vertical in 40 short years.
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Recent renewed interest in T-bonds is a side effect of an onslaught of dire economic news and the Eurozone falling apart. The US dollar is still the global reserve currency and therefore considered a 'safe haven' when things turn grim. Especially wi…
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fiat is 100% dependant on the people's faith in that currency as a store of value. Look at what happened in Zimbabwe, people lost faith and it became worthless. The USD is heading that way as Ben Bernanke keeps cranking out more money from thin air …
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LaserWolf said:Pundit said: The US govt made private ownership of gold illegal and confiscated all supplies back in 1933 at the bottom of the great depression. It's not impossible that that could happen again. They confiscated all gold? …
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LaserWolf said:HarveyCanal said: I actually don't know what gives gold its intrinsic value Fiat. Some reasons why people desire gold is its beauty (gold has been used as jewelry, decorations and art by many different cultures and …
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HarveyCanal said: but if we don't get to have our Starbucks tomorrow, that's what's going to make all hell break lose???
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white_tea said:Going to the gold standard, how exactly would that work? If you think there is a disparity between the haves and the have-nots, the gulf would only widen because there is a lot less gold than people in the world and most of us would h…
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Looks like we'll get a little test run of things over in Europe first. It's pretty precarious though. Most of the greek debt which is on the verge of undoing the EU is insured by the big American banks. No economies are insulated in 2011. And there'…
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i don't think that it's a case of choosing which lifestyle you want. Things are going to turn sour for a lot of people within our lifetimes, it's inevitable. the rubber band can only be stretched so far before it snaps.
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industrialisation and societal dependence on cheap crude oil has a lot to do with it also. 95% of what we eat is transported from the other side of the world. Peak oil and Peak population is gonna hit a hard limit at some point. Shit is gonna get re…
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Grandfather said:Gold is just a commodity dudes. Might as well back our currency in rap 12"s gold is real money, shit like pork bellies and oil are commodities. gold may be traded as an etf, treated as a finanacial instrument like a commodity…
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there is no way out that isn't going to be really ugly, and the path that things are on atm is going to be even uglier.
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it's the only way. shit's past redemption. hyper inflate or default.
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i haven't been on here in a looooong time, but was he the dude who posted up the video of him feverishly gripping this???
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default on sovereign debt, wipe the slate clean, start over with a currency backed by gold.
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there's a heston blumenthal search of perfection episode about salt where he gets into how salt makes sweet things taste more bitter and bitter things taste sweeter.
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the main spot where all the news reporters are doing the stock "standing waist deep in water live on the scene" bit on tv is literally just down the road from me. I eat at the Grill'd in the background on the regular. I'm on top of a massive hill so…
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pimlicosquirrel said:Any Australians thinking of buying greenbacks before we plunge back to 60 points. it ain't gfc2 we gotta worry about but qe2
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yeah that rapidshare thing is now a data limit and not a time limit, worked out well for me, my account should have run out a month ago but i still got over 500 'rapids' contemplating what to get when it eventually runs out, there's those si…
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i usually just leave the little clipboard icon 'ticked' and then copy the youtube url from my browser address bar and it automatically shows up in the 'linkgrabber' tab. Then just right click the file i want and 'download selection' or whatever it i…
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that's odd, i don't seem to have any problems with it, whenever i copy a youtube address with the clipboard reader on it splits it into 240 360 480p and mp3 as separate options to download. Maybe just try it a bit later on. Good luck with that.
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jdownloader with the flashgot plugin?
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One of the first TISM singles was a 7" inside a 12" cover sealed on all four sides, so it just rattled around inside and you have to rip the cover to listen to the single.
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Reynaldo said:Black licorice and grapefruit and yoghurt
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he lives in Amsterdam, Holmes lives in NZ. No deaths reported thus far, just a couple of injuries. My housemate is an expat kiwi and he knows a lot of ppl living there and whilst it's a mess, there's no serious harm to anyone reported thus far..
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Mike Watt > Flea