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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/19/2011 7:46:06 AM

Termyn8or

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"The rest of your post has nothing to do with money/currency/etc. It's about demand."

If that's not an oxymoron it's pretty close. What do creditors demand ?

T^T

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/19/2011 7:48:41 AM

mnottertail

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intangibles. fiat. other forms of good faith and promises. They certainly won't take your homemade bills, they want guarentees from somebody more substantial, ultimately.

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/19/2011 7:55:37 AM

Musicmystery

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quote:

ORIGINAL: Termyn8or

"The rest of your post has nothing to do with money/currency/etc. It's about demand."

If that's not an oxymoron it's pretty close. What do creditors demand ?

T^T

Either you're an incredible idiot or you're incredibly obstinate.

You're using "demand" in two different senses. Obviously, I'm talking about the economics term demand. You're speaking of an insistent request.

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/19/2011 8:06:36 AM

Termyn8or

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Obstinate.

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/20/2011 2:57:05 PM

Real0ne

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quote:

ORIGINAL: Musicmystery

quote:

ok then so then we established that money can be currency and inflation is the sum of the whole which is my point.

slicing and dicing the different between one debt paper and another makes no difference in the resultant extortion that takes place every day thanks to the present monetary

which brings to mind that if money is a measurement then one can legitimately demand a dollar of what?

Not at all. This shows that you still don't get it. In fact, you've moved backward from where we were.

You're also confusing not only currency and money, but also wealth and income. Consider--if we only have $900 billion in currency, and just over $1 trillion in money, how can we have a $15 trillion economy, or $14 trillion in debt? Under your misunderstanding, that simply couldn't happen, because either (1) it just wouldn't be there, or (2) we'd have to create it. Neither is the case. In fact, among the responsibilities of the Fed is to ensure we have enough money to support the level of economic activity (that is, exchanges of goods and services), but not too much (which would be absorbed as inflated prices). A small portion of that will need to be in currency.

NONE of that would change with a gold standard, incidentally. That's the part you just don't get.

no no, lets stick to money and currency then we will talk about wealth and whatever.

you are playing on words here as you and I both know or you should know there are several different meanings for money especially and your attempt to narrow the way I used it wont get you off the hook, nor invalidate anything I said.

Now if you want to take another shot at it and keep it in the same context go for it.

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/20/2011 3:01:56 PM

Musicmystery

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But that's the point...you've strayed off into other areas, insisting they're money. The post you quoted explains why that's a problem--it simply can't work the way you're understanding it, for the reasons outlined above.

It's the concept you're missing. The one you always miss.

Seriously. Look at the numbers. Your way doesn't add up. It can't.

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/20/2011 3:03:34 PM

Real0ne

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quote:

ORIGINAL: Musicmystery

But that's the point...you've strayed off into other areas, insisting they're money. The post you quoted explains why that's a problem--it simply can't work the way you're understanding it, for the reasons outlined above.

It's the concept you're missing. The one you always miss.

Seriously. Look at the numbers. Your way doesn't add up. It can't.

ok I will give you that just as soon as you list everything that is NOT money. its a really short list so have at it.

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/20/2011 7:49:57 PM

subfever

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quote:

The real reason why Paul’s idea is discounted is nobody expects the US ever pay its debt. Borrowing in this system becomes the first choice.

If individuals and government collectively attempted to repay all debt, the monetary-economic system would collapse long before the debt is ever repaid. Why? Because of the monetary contraction that would take place.

The debt monster is several times larger than the money supply. However, the creation of new money also means the creation of new debt. So... lotsa luck paying off that debt... lol

Yup, the system is working exactly the way it's supposed to, alright...

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/20/2011 8:10:01 PM

rulemylife

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quote:

ORIGINAL: pahunkboy

RON PAUL: SELL THE GOLD IN FORT KNOX...

For real? Wow.

Can we sell Ron Paul instead?

I'm even willing to throw in Rand.

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/20/2011 9:12:12 PM

Musicmystery

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quote:

ORIGINAL: Real0ne

quote:

ORIGINAL: Musicmystery

But that's the point...you've strayed off into other areas, insisting they're money. The post you quoted explains why that's a problem--it simply can't work the way you're understanding it, for the reasons outlined above.

It's the concept you're missing. The one you always miss.

Seriously. Look at the numbers. Your way doesn't add up. It can't.

ok I will give you that just as soon as you list everything that is NOT money. its a really short list so have at it.

Already done.

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/21/2011 7:38:55 PM

Real0ne

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quote:

ORIGINAL: Musicmystery

quote:

ORIGINAL: Real0ne

quote:

ORIGINAL: Musicmystery

But that's the point...you've strayed off into other areas, insisting they're money. The post you quoted explains why that's a problem--it simply can't work the way you're understanding it, for the reasons outlined above.

It's the concept you're missing. The one you always miss.

Seriously. Look at the numbers. Your way doesn't add up. It can't.

ok I will give you that just as soon as you list everything that is NOT money. its a really short list so have at it.

Already done.

nope, you wanna do this I wanna know precisely what the hell we are talking about. if you know your shit you know as well as I do the lines are extremely fine. so put am up, I am not wasting my time guessing.

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/21/2011 7:53:41 PM

Musicmystery

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Not wasting mine either. No guessing necessary--I've already done this. Simply go back and read it.

If that's not good enough, then we're done.

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/21/2011 10:15:27 PM

Real0ne

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then we are done because I am not going to read over 100 fucking posts for what you can list in 3 seconds if you are capable of typing 80 words per munite. Hence I dont fucking believe it and I think you just want to send me on a wild goose chase.

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/22/2011 1:14:03 AM

Termyn8or

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So NOW "if" you are done with the bickering, what happens if they sell all the gold ?

Now I gotta get tough, because this ids becoming a titty and pee pee show. I KNOW MORE THAN YOU -NO I KNOW MORE THAN YOU ! Fuck that baby shit and you know what ? Don't fucking piss me off. Call me any fucking name you want, but don't wreck the fucking place.

Now, settle down, jack off or something and then consider this :

Sell all the gold in Ft. Knox. Well fuck all that, it's the concept, not where the gold is. Let's just say sell all the gold. What are the ramifications of that ? Think about it, or think about something rather than bickering. What would happen. Are we to sell the gold for marks, zlatys, poundes, euros or what ? Most likely they would be sold for USDs.

We already know the USD is one of the worst assets to hold at least right now, and the net effect would be to actually devalue the gold. But that is only part of it. We know the USD is going down, and until someone with a fuckig brain runs the place, that is how it will stay.

We make wheat. By the sweat of your brow shall you eat bread, and bread, and bread and bread, and then somemore bread. But you want an apple in February. Well that comes from somewhere else. They don't take USDs they want gold. Now what ?

If they are to give us what we demand, we must give them what they demand in return. That simple. No gold, how about some wheat ? No, they are pretty good on wheat, what else we got ? Junk plasma TVs we can't even make here ? Cars ? Who the fuck wants them ? Missiles, we got all kinds of missiles, but Bumfacteria doesn't have any problems with her neighbors, they live in peace, so they are pretty cool on the missile situation. We got nothing they want. But gold, because they can trade that to other countries for what they want.

You know, maybe it is best to sell all the gold. This will bring this economy back into fucking reality. You see we were not born into reality. It was so when I was young, that you could buy a house, rent it out and then very quickly buy another and rent it out. It's a business and alot of people did it. They built net worths in the millions doing it. We did not take that path, but maybe we should've. But how was it possible in the first place ? Market conditons were artificially fucked with, even back in the 1980s and even before that. But did it take gold to buy a house ? When we bought this we had no gold, just money, scrip, fiat. Is the house fake ? Yes, if we don't pay the property taxes which is referred to as rentes by some, we get put out.

So what really happened here ?

Sell the gold so that we cannot import anything. Then you will have jobs motherfucker. That's the key. As I have said you have to be willing to lose to win. Well it almost seems as if you have to actually lose, to win this time. Sorry Mm, your money will get funny. Sorry wilbe, you are going down too. Sorry everyone, except Merc..............What is the lyre doing in compare to the USD right now ? I would check but I really don't care.

As I have always said, and can due to my background. IT IS COMING TO YOU.

T^T

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/22/2011 6:47:02 AM

Musicmystery

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quote:

I am not going to read over 100 fucking posts for what you can list in 3 seconds

You even quoted it, just above, where I laid out how much was currency, how much was money, and that GDP and debt were both entirely larger. Then you asked me to break down which of it was money. You're going in circles.

So you stay there, and I'm moving on.

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/22/2011 6:48:13 AM

Musicmystery

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quote:

what happens if they sell all the gold ?

We lose a reserve we are prudently saving in case of a severe emergency.

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/22/2011 8:14:32 AM

Real0ne

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quote:

ORIGINAL: Musicmystery

quote:

I am not going to read over 100 fucking posts for what you can list in 3 seconds

You even quoted it, just above, where I laid out how much was currency, how much was money, and that GDP and debt were both entirely larger. Then you asked me to break down which of it was money. You're going in circles.

So you stay there, and I'm moving on.

oversimplification is not what I call usable definition of money and currency.

I want to know what you are calling money and currency

what instruments

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/22/2011 8:16:21 AM

Real0ne

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no one wants to start from the same definition around here.

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Yesterdays tinfoil is today's reality!

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/22/2011 8:32:51 AM

Musicmystery

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quote:

I want to know what you are calling money and currency

http://www.collarchat.com/fb.asp?m=3683541

Same definitions as everyone else (except, of course, you). Economics 101.

< Message edited by Musicmystery -- 5/22/2011 8:34:49 AM >

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RE: RON PAUL: SELL THE GOLD IN FORT KNOX... - 5/22/2011 8:34:52 AM

Real0ne

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it gives me an error

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