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

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

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rulemylife -> RE: Imagine there's no stock market... (6/8/2010 7:08:26 AM)
quote: ORIGINAL: pahunkboy So this is what I am talking about. You have things to barter. Not paper pain killers, and paper nails. So you are more prepared then people who are in stocks or paper money. Plus you did this BEFORE the devaluation. Oh for fuck's sake. How is a piece of metal any more valuable than its equivalent in paper money? The idiot that you follow around like a puppy dog on here laughs at the idea that money is a concept. For once Pahunk, try to think for yourself. What else would you describe money as? You've already mentioned barter. Money, whether it be in paper currency, gold, silver, or sea shells is just a token to replace direct barter.

rulemylife -> RE: Imagine there's no stock market... (6/8/2010 7:23:12 AM)
quote: ORIGINAL: NewOCDaddy quote: ORIGINAL: pahunkboy It is pretty sad the some retirees must return to work- now that the stock market did not work out. Over regulation of the private pension system is to thank for that I know Willbeur, it's always over-regulation. Over-regulation is why we had to bail out the banks that sold sub-prime mortgages as investments. Over-regulation is why we have millions of gallons of oil spilling into the Gulf.

pahunkboy -> RE: Imagine there's no stock market... (6/8/2010 7:32:38 AM)
quote: ORIGINAL: rulemylife quote: ORIGINAL: pahunkboy So this is what I am talking about. You have things to barter. Not paper pain killers, and paper nails. So you are more prepared then people who are in stocks or paper money. Plus you did this BEFORE the devaluation. Oh for fuck's sake. How is a piece of metal any more valuable than its equivalent in paper money? The idiot that you follow around like a puppy dog on here laughs at the idea that money is a concept. For once Pahunk, try to think for yourself. What else would you describe money as? You've already mentioned barter. Money, whether it be in paper currency, gold, silver, or sea shells is just a token to replace direct barter. Lets recap. Get into gold and silver BEFORE the dollar devaluation. Everyone except for you. You do not need money.

Musicmystery -> RE: Imagine there's no stock market... (6/8/2010 7:41:35 AM)
Unless you are able to spend gold and silver at the store, this won't help you at all. You'll still have to convert it to devalued dollars. Since, however, the value of the dollar is already market driven, you're full of shit. What you WILL do is buy a lot of silver while the price is still high.

pahunkboy -> RE: Imagine there's no stock market... (6/8/2010 9:06:04 AM)
you're full of shit/snip every penny I have is in precious metals. Only living expenses are in cash for the month. Last month- I even had 2 paypals bounce from buying silver. I did tho pay the 6 month car insurance. Rather then monthly payments. I have $600 tax refund coming. I plan to buy gold and silver with it. But- in a way I want to do all silver- however if I buy a gold soverign.-- that might work. Also on my mind is platinum. I might sell some of it- and change over to silver. I am too heavy on the platinum. TARP was good- for me. TARP was used to shorts PMs. This means that I bought silver at $9. For 2010- my goal is to own 10% more ounces then I currently own.

Musicmystery -> RE: Imagine there's no stock market... (6/8/2010 9:10:45 AM)
Get it while it's high.

willbeurdaddy -> RE: Imagine there's no stock market... (6/8/2010 9:23:30 AM)
quote: ORIGINAL: Musicmystery Get it while it's high. Or while he's still high.

Musicmystery -> RE: Imagine there's no stock market... (6/8/2010 9:26:40 AM)
[:D]

vincentML -> RE: Imagine there's no stock market... (6/8/2010 9:52:28 AM)
quote: Actually, this time, I think some of the "theys" are right, but not for the reasons they think. Not only do I think we are seeing the collapse of liquidity worldwide, but I also think we are seeing the end of the "Oil Age", the era of exceedingly cheap energy which has fueled the growth of the modern world economy. But thst is a whole other topic. Momentum trading can be hazardous to your purse. I agree, D. It's hard to know when to get out and stop-loss can cause whiplash. I fear the liquidity collapse more than I do the end of cheap energy because I suspect the former will happen with little warning if it does. Crash and panic then.

Musicmystery -> RE: Imagine there's no stock market... (6/8/2010 3:43:52 PM)
quote: ORIGINAL: vincentML quote: ORIGINAL: Dubbelganger Not only do I think we are seeing the collapse of liquidity worldwide, but I also think we are seeing the end of the "Oil Age", the era of exceedingly cheap energy which has fueled the growth of the modern world economy. But thst is a whole other topic. I fear the liquidity collapse more than I do the end of cheap energy because I suspect the former will happen with little warning if it does. Crash and panic then. I agree on both points, though "collapse" probably overstates it. Certainly the oil economy is changing, and we're ill-prepared for it---after all, we're talking about the SAME things we were talking about in the early 70s, still without widespread implementation. But vincent, can you explain why you see tighter liquidity as the more serious matter? Not why it's more serious, that's apparent, but why you fear it, if I understand you correctly, as more likely? And more permanent? Because frankly, I see us as already in that liquidity crunch, and while it may take a while to unravel it all, I don't see any indication of serious long-term crash and burn. We already know the problems, and are dealing with them---not well perhaps, arguably, but seems to me, this is it, and later is "after" the liquidity mess.

Termyn8or -> RE: Imagine there's no stock market... (6/8/2010 4:40:41 PM)
FR All this banter in this weed of the argument has brought something to my mind - the true meaning of liquidity. How long do you think you can live without water ? Now tell me what's valuable. And there was a time I did watch TV, there was an episode of one of those off the wall shows like Twilight Zone, One Step Beyond or Outer Limits. In it a group of thieves stole a whole shitload of gold bullion. They had a cave for a den and suspended animation chambers. I think they set the machines for a hundred years. Well those who survived that process of course were trying to connive and get more than their share, just like regular human beings you see on TV. Eventually there was only one left. Walking through the desert he was just about to die from dehydration, and someone of that time came by in the usual futuristic strange looking vehicle and the guy offers him a piece of gold bullion for a drink of water, but then collapsed and died with the brick sized piece of gold in his hands. The modern guy was talking to his olady and said "poor guy, and what the hell does he want with this ? " or something to that effect. They then just jumped back into the vehicle and took off. In full understandment of the situation that long ago, I wasn't all that surprised about that aspect of the outcome. What surprised me was that the modern guy just left, without calling the law to report a dead body, to just leave his carcass for the vultures or whatever. Who else would make that observation ? Not many I would guess. It didn't surprise me a bit when he threw the gold bullion on the ground like a piece of garbage. So how about I set my nose to the grindstone and get a shitload of gold. Then I will buy all the water on the planet. I'm sure someone will sell it to me, they sold alot of things they don't own. Like music that was in public domain. They're working on selling air via carbon credits. Why not the water ? Maybe BP bought the water in the Gulf of Mexico and that's why they are not in prison like someone who starts a forest fire. Maybe in China the government figures they own the air, and thus feels free to pollute it, while we cripple ourselves with regulations. Maybe that explains it all. At least I have something to think about. It's better than pondering if George Washington died from the cherries or the milk. T

Musicmystery -> RE: Imagine there's no stock market... (6/8/2010 7:37:36 PM)
Hi Term, The concept in the first half of your post goes back to Adam Smith, who called it the diamond-water paradox. It's resolved by the concept of marginal utility. The second half is also true--land rights include provisions for air, water, and minerals, especially to nations. Of course, air and water circulate, compounding matters in the case of pollution. Years ago, a Mexican oil spill tarnished Texan beaches, and the government refused to compensate. This oil spill will surely effect Mexican beaches--notice no one's talking about doing anything about that. In New York, for years acid rain generated in the Mid-West has fallen particularly in the Adirondacks, to the point that some lakes are dead, literally no fish at all. China's a problem, sure, but we contribute our share of pollution. Hell, we're 5% of the population, but we use 25% of the oil. We're absolutely part of the problem, and it's not from excessive regulation.

pahunkboy -> RE: Imagine there's no stock market... (6/8/2010 7:58:08 PM)
MX: Multi-Billionaire Hugo Salinas Price is famed not only for his legendary business acumen but also his drive for honest money in Mexico and globally. Hugo has pushed the Mexican government for over a decade to provide silver as money but the corrupt Mexican government and Mexican central bank has refused, causing tremendous hardship for the citizens of Mexico due to inflation/snip http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/6/5_Hugo_Salinas_Price.html

Musicmystery -> RE: Imagine there's no stock market... (6/8/2010 8:00:53 PM)
And that's why not many of us buy pesos. Or plan to. Next.

pahunkboy -> RE: Imagine there's no stock market... (6/8/2010 8:13:15 PM)
quote: ORIGINAL: Musicmystery And that's why not many of us buy pesos. Or plan to. Next. Of course- who wants 10% silver content? Putting silver in the coins would be easy for Mexico to do. Mexico has alot of wealth. But it is controlled by just a few. I own some of the Mexican gold coins. If the peso became silver- there would be demand.

Musicmystery -> RE: Imagine there's no stock market... (6/8/2010 8:14:43 PM)
Uh-huh.

pahunkboy -> RE: Imagine there's no stock market... (6/8/2010 8:18:52 PM)
This is where- stocks are a contract- a coupon- same thing with the currency- it is a contract of sorts. If the dollar is as good as gold-- then the government should let the coinage be of real value. If they back by full faith and credit- then open up fort knox and make it real. All that needs to happen is the coins be silver like they were when I was a kid. Doing that- would mean - that the stockpile of money- would be backed by the metal itself. The govt cant back it tho- because there is not sufficient gold/silver to actually back the currency.

willbeurdaddy -> RE: Imagine there's no stock market... (6/8/2010 9:19:03 PM)
quote: ORIGINAL: pahunkboy This is where- stocks are a contract- a coupon- same thing with the currency- it is a contract of sorts. If the dollar is as good as gold-- then the government should let the coinage be of real value. If they back by full faith and credit- then open up fort knox and make it real. All that needs to happen is the coins be silver like they were when I was a kid. Doing that- would mean - that the stockpile of money- would be backed by the metal itself. The govt cant back it tho- because there is not sufficient gold/silver to actually back the currency. Or more to the point, it doesnt provide any "backing", so why bother. Your lack of understanding of mediums of exchange isnt surprising. That you continue to make a fool of yourself over it is....sorta.

pahunkboy -> RE: Imagine there's no stock market... (6/8/2010 9:25:33 PM)
What is there to understand? Dollars are supposed to be receipts for gold- redeemable in gold. But- they fail. Why should we accept that? $ means Units of Silver. - the bank can not create silver press of a button- When I go to the dentist, do I want a paper filling- or a silver filling?

Musicmystery -> RE: Imagine there's no stock market... (6/8/2010 9:27:18 PM)
No, they aren't. And for good reason.

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