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RE: Imagine there's no stock market... - 6/5/2010 1:47:40 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
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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.

(in reply to Real0ne)
Profile   Post #: 181
RE: Imagine there's no stock market... - 6/5/2010 1:47:53 PM   
Real0ne


Posts: 21189
Joined: 10/25/2004
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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?




_____________________________

"We the Borg" of the us imperialists....resistance is futile

Democracy; The 'People' voted on 'which' amendment?

Yesterdays tinfoil is today's reality!

"No man's life, liberty, or property is safe while the legislature is in session

(in reply to Musicmystery)
Profile   Post #: 182
RE: Imagine there's no stock market... - 6/5/2010 1:49:58 PM   
Musicmystery


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Joined: 3/14/2005
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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?

(in reply to Real0ne)
Profile   Post #: 183
RE: Imagine there's no stock market... - 6/5/2010 1:50:37 PM   
Real0ne


Posts: 21189
Joined: 10/25/2004
Status: offline
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.


_____________________________

"We the Borg" of the us imperialists....resistance is futile

Democracy; The 'People' voted on 'which' amendment?

Yesterdays tinfoil is today's reality!

"No man's life, liberty, or property is safe while the legislature is in session

(in reply to Musicmystery)
Profile   Post #: 184
RE: Imagine there's no stock market... - 6/5/2010 1:51:38 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		It is relevant.

Stock market is fraudulent.  Paper roses.

All would need to happen is everyone buy just one ounce of silver.

(in reply to Musicmystery)
Profile   Post #: 185
RE: Imagine there's no stock market... - 6/5/2010 1:51:50 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
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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.

< Message edited by Musicmystery -- 6/5/2010 1:56:14 PM >

(in reply to Real0ne)
Profile   Post #: 186
RE: Imagine there's no stock market... - 6/5/2010 1:53:24 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
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.

(in reply to Musicmystery)
Profile   Post #: 187
RE: Imagine there's no stock market... - 6/5/2010 1:54:02 PM   
Real0ne


Posts: 21189
Joined: 10/25/2004
Status: offline
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


_____________________________

"We the Borg" of the us imperialists....resistance is futile

Democracy; The 'People' voted on 'which' amendment?

Yesterdays tinfoil is today's reality!

"No man's life, liberty, or property is safe while the legislature is in session

(in reply to Musicmystery)
Profile   Post #: 188
RE: Imagine there's no stock market... - 6/5/2010 1:54:44 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
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.

(in reply to Musicmystery)
Profile   Post #: 189
RE: Imagine there's no stock market... - 6/5/2010 1:55:41 PM   
Real0ne


Posts: 21189
Joined: 10/25/2004
Status: offline
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!


_____________________________

"We the Borg" of the us imperialists....resistance is futile

Democracy; The 'People' voted on 'which' amendment?

Yesterdays tinfoil is today's reality!

"No man's life, liberty, or property is safe while the legislature is in session

(in reply to Musicmystery)
Profile   Post #: 190
RE: Imagine there's no stock market... - 6/5/2010 1:56:49 PM   
Real0ne


Posts: 21189
Joined: 10/25/2004
Status: offline
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


_____________________________

"We the Borg" of the us imperialists....resistance is futile

Democracy; The 'People' voted on 'which' amendment?

Yesterdays tinfoil is today's reality!

"No man's life, liberty, or property is safe while the legislature is in session

(in reply to pahunkboy)
Profile   Post #: 191
RE: Imagine there's no stock market... - 6/5/2010 1:57:21 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
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.

(in reply to Real0ne)
Profile   Post #: 192
RE: Imagine there's no stock market... - 6/5/2010 1:57:33 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
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.

(in reply to pahunkboy)
Profile   Post #: 193
RE: Imagine there's no stock market... - 6/5/2010 1:59:44 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
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.

(in reply to Musicmystery)
Profile   Post #: 194
RE: Imagine there's no stock market... - 6/5/2010 2:00:45 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
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.



< Message edited by Musicmystery -- 6/5/2010 2:01:55 PM >

(in reply to Real0ne)
Profile   Post #: 195
RE: Imagine there's no stock market... - 6/5/2010 2:03:01 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
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.

(in reply to pahunkboy)
Profile   Post #: 196
RE: Imagine there's no stock market... - 6/5/2010 2:03:05 PM   
Real0ne


Posts: 21189
Joined: 10/25/2004
Status: offline
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.


_____________________________

"We the Borg" of the us imperialists....resistance is futile

Democracy; The 'People' voted on 'which' amendment?

Yesterdays tinfoil is today's reality!

"No man's life, liberty, or property is safe while the legislature is in session

(in reply to Musicmystery)
Profile   Post #: 197
RE: Imagine there's no stock market... - 6/5/2010 2:03:16 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		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?

(in reply to Musicmystery)
Profile   Post #: 198
RE: Imagine there's no stock market... - 6/5/2010 2:06:07 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
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.

(in reply to Musicmystery)
Profile   Post #: 199
RE: Imagine there's no stock market... - 6/5/2010 2:06:28 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		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.

(in reply to Real0ne)
Profile   Post #: 200
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