RE: Imagine there's no stock market...

RE: Imagine there's no stock market... (Full Version)

All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion

Message

Musicmystery -> RE: Imagine there's no stock market... (6/5/2010 1:47:40 PM)
quote: you do not understand the fundamental issues in law concerning money as in lawful and legal. No, you ignore what works day to day. Send me your paper. I will take care of it for you.

Real0ne -> RE: Imagine there's no stock market... (6/5/2010 1:47:53 PM)
quote: ORIGINAL: Musicmystery quote: the value of the gold stays the same Only if you arbitrarily peg it. Otherwise, it changes in value day to day, like any other commodity. there you go again. It does not change in value it changes in price. Its that paper shit you call concept that changes in value. Damn dude are you like serious about this shit?

Musicmystery -> RE: Imagine there's no stock market... (6/5/2010 1:49:58 PM)
quote: like so many others dont know the difference between growth and inflation correction Nonsense. I've presented figures corrected for inflation, and since gold, as a dollar denominated asset, is not immune. Any stock market points? Or is going to be a continual rehash of old monetary rants?

Real0ne -> RE: Imagine there's no stock market... (6/5/2010 1:50:37 PM)
quote: ORIGINAL: Musicmystery quote: you do not understand the fundamental issues in law concerning money as in lawful and legal. No, you ignore what works day to day. Send me your paper. I will take care of it for you. what works has not a damn thing to do with how it works. you have even less knowledge than I initially thought of "HOW" it works. try doing some inflation analysis sometime. Its simple 8th grade math is all you need if you know how to set up the algorithm.

pahunkboy -> RE: Imagine there's no stock market... (6/5/2010 1:51:38 PM)
It is relevant. Stock market is fraudulent. Paper roses. All would need to happen is everyone buy just one ounce of silver.

Musicmystery -> RE: Imagine there's no stock market... (6/5/2010 1:51:50 PM)
quote: It does not change in value it changes in price. And when you go to redemn it, valued in dollars, you are simply back into the same system you pretend to transcend. $35 in 1946, when gold was pegged, would cost $380.45 in 2009 dollars. $35 in 1971, when the peg ended, would cost $183.35 in 2009 dollars--a loss of 51.8%. Pretending it was still $35, however, sparked the arbitrage threat to the dollar. And it would have made gold a government subsidized investment. Hence the arbitrage opportunity.

pahunkboy -> RE: Imagine there's no stock market... (6/5/2010 1:53:24 PM)
quote: ORIGINAL: Musicmystery Or is going to be a continual rehash of old monetary rants? Money is important. We seem to need it. More then broken down stocks.

Real0ne -> RE: Imagine there's no stock market... (6/5/2010 1:54:02 PM)
quote: ORIGINAL: Musicmystery quote: like so many others dont know the difference between growth and inflation correction Nonsense. I've presented figures corrected for inflation, and since gold, as a dollar denominated asset, is not immune. Any stock market points? Or is going to be a continual rehash of old monetary rants? yeh right the average wage today is 44 and if it were inflation corrected based on the av wage in 1933 the average today should be around 150,000. you call that works I call it a fucking abortion

pahunkboy -> RE: Imagine there's no stock market... (6/5/2010 1:54:44 PM)
quote: ORIGINAL: Musicmystery quote: It does not change in value it changes in price. And when you go to redemn it, valued in dollars, you are simply back into the same system you pretend to transcend. You are wrong. The treasury will not redeem the dollars for gold/silver. It is backed by NOTHING.

Real0ne -> RE: Imagine there's no stock market... (6/5/2010 1:55:41 PM)
quote: ORIGINAL: Musicmystery quote: It does not change in value it changes in price. And when you go to redemn it, valued in dollars, you are simply back into the same system you pretend to transcend. why is that everything you say is ass backwards from reality? You dont redeem gold for shits sake. You dont redeem a hard asset to a fiction you redeem a fiction into a hard asset. damn man!

Real0ne -> RE: Imagine there's no stock market... (6/5/2010 1:56:49 PM)
quote: ORIGINAL: pahunkboy quote: ORIGINAL: Musicmystery quote: It does not change in value it changes in price. And when you go to redemn it, valued in dollars, you are simply back into the same system you pretend to transcend. You are wrong. The treasury will not redeem the dollars for gold/silver. It is backed by NOTHING. like I said everything he says is bass ackwards

pahunkboy -> RE: Imagine there's no stock market... (6/5/2010 1:57:21 PM)
quote: ORIGINAL: Real0ne quote: ORIGINAL: Musicmystery quote: It does not change in value it changes in price. And when you go to redemn it, valued in dollars, you are simply back into the same system you pretend to transcend. why is that everything you say is ass backwards from reality? You dont redeem gold for shits sake. You dont redeem a hard asset to a fiction you redeem a fiction into a hard asset. damn man! This is why our country is so in trouble. MM actually believes this PR.

Musicmystery -> RE: Imagine there's no stock market... (6/5/2010 1:57:33 PM)
quote: ORIGINAL: pahunkboy quote: ORIGINAL: Musicmystery quote: It does not change in value it changes in price. And when you go to redemn it, valued in dollars, you are simply back into the same system you pretend to transcend. You are wrong. The treasury will not redeem the dollars for gold/silver. It is backed by NOTHING. I'm talking about selling it, you moron. You'll find cash works better at the store.

pahunkboy -> RE: Imagine there's no stock market... (6/5/2010 1:59:44 PM)
quote: ORIGINAL: Musicmystery quote: ORIGINAL: pahunkboy quote: ORIGINAL: Musicmystery quote: It does not change in value it changes in price. And when you go to redemn it, valued in dollars, you are simply back into the same system you pretend to transcend. You are wrong. The treasury will not redeem the dollars for gold/silver. It is backed by NOTHING. I'm talking about selling it, you moron. You'll find cash works better at the store. Why should I have to sell it? 6000 years- gold is wealth- why must I buy and sell PMS to have any? Isn't the dollar as good as gold? If so- then I demand gold.

Musicmystery -> RE: Imagine there's no stock market... (6/5/2010 2:00:45 PM)
quote: the average wage today is 44 and if it were inflation corrected based on the av wage in 1933 the average today should be around 150,000. What cost $150000 in 2009 would cost $9149.28 in 1933. What cost $44 in 2009 would cost $2.68 in 1933.

Musicmystery -> RE: Imagine there's no stock market... (6/5/2010 2:03:01 PM)
quote: Why should I have to sell it? Take it to the supermarket and find out for yourself. They don't have to take it. They do have to take dollars.

Real0ne -> RE: Imagine there's no stock market... (6/5/2010 2:03:05 PM)
quote: ORIGINAL: Musicmystery quote: It does not change in value it changes in price. And when you go to redemn it, valued in dollars, you are simply back into the same system you pretend to transcend. $35 in 1946, when gold was pegged, would cost $380.45 in 2009 dollars. $35 in 1971, when the peg ended, would cost $183.35 in 2009 dollars--a loss of 51.8%. Pretending it was still $35, however, sparked the arbitrage threat to the dollar. And it would have made gold a government subsidized investment. Hence the arbitrage opportunity. I do not follow your structure. the "value" of gold can certainly be set and hence notes written against it. the proper solution would have been to reduce the quantity of gold at the same value to fix the problem and prevent the run. Of course the geniuses we got running th eshow are to fucking stoopid to figger out such simple shit. In other words as more people enter into the world you need to divide it up based on the initial base value.

pahunkboy -> RE: Imagine there's no stock market... (6/5/2010 2:03:16 PM)
The dollar today is not even 4 cents. How can this be? A dollar was a dollar for 100 years- when it was gold. People actually had gold coins in pocket like people have credit cards in pocket today. 4 cents. and 35 years of dividends? Not really. the currency is debased and taxed. how do you think US pays for over 700 mil bases over the globe?

pahunkboy -> RE: Imagine there's no stock market... (6/5/2010 2:06:07 PM)
quote: ORIGINAL: Musicmystery quote: Why should I have to sell it? Take it to the supermarket and find out for yourself. They don't have to take it. They do have to take dollars. A good portion of my silver would be taken. Why? Because it is pre 1965 coinage. 90% silver. silver eagles would also be taken. why must I accept so called money when it is not silver like it was in 1964? if things are so good- then we should have real money.

Musicmystery -> RE: Imagine there's no stock market... (6/5/2010 2:06:28 PM)
I've posted the explanation twice, you've ignored it twice. Pegs are arbitrary, and arbitragers will (and did) use that government subsidized price to make a run on currency, forcing the government to fork over the difference, further devaluing the currency, making it yet more attractive as a target. The Bank of England was twice brought to its knees over this. Because set prices are arbitrary, not imaginary. The markets continue on just the same.

Page: << < prev 8 9 [10] 11 12 next > >>

Collarchat.com © 2025

Terms of Service

0.046875