Gold

[Xuxalina Rihhia]

Originally Posted by Rick Ronsavelle

This is the goDD of the Kikenvandal$!

[Rick Ronsavelle]

"There is another Uncle with a lot of money: Uncle Scrooge. Uncle Scrooge was never dumb enough to offer his nephew Donald an insurance policy for Donald's schemes to make money. If he had, he would have found himself handing out a lot of money.

Uncle Scrooge understood the effects of insuring profit-seeking schemes by people who have been given security from their own mistakes.

How do I know what Uncle Scrooge thought? Because I knew him personally. Well, not quite. I knew his advisor.

For many years, the man who wrote the story lines for the Uncle Scrooge (Disney) comic books was Vic Lockman. He was a professional cartoonist. Back in 1969, he published a cartoon booklet on the Federal Reserve System, The Official Counterfeiter. That booklet deserves to be posted on some website, or lots of websites.

Uncle Scrooge had a vault full of gold coins. So does the Federal Reserve System, or so we are told. Uncle Scrooge owned his coins. The FED holds gold bullion bricks as a reserve for a part – a fixed part – of the money supply of the United States. It does this on behalf of the United States (it says here). That gold may still be in the vault at the New York FED, or it may not. Members of Congress do not know, nor do they know what, if anything, is in the vault at Fort Knox. Congress is assured that the gold is there. By whom? By the handful of Treasury and Federal Reserve bureaucrats who have access to these vaults.

So, with gold as a reserve – we hope – and with government debt as a reserve, and with mortgages handed over to the FED by banks and financial institutions in exchange for Treasury debt, the Federal Reserve System regulates America's money supply, or tries to.

It now wants to regulate far more than the money supply. It wants to regulate the institutions that lend or invest large chunks of the nation's money supply.

Why? Officially, because of the fragility of the financial system. That, at least, is the implication of Secretary Paulson's published statements. The financial system was not seen as fragile in July, 2007, but it is now. On the contrary, the system was said to be A-OK in July, 2007, but not now. Everything is different today.

It isn't different, of course. It is the same. What is different is that what was always implicit has now become explicit: the threat of falling dominoes.

If the proposed legislation passes – and it will – things will be even more different in the future."

http://www.lewrockwell.com/north/north617.html

Feel free to hate gold- no one will stop you, or force you to use it.

[Rick Ronsavelle]

(deleted by poster)

[Alex Linder]

Why is this in the gold thread?

Disney hated jews because they stole his character.

[Rick Ronsavelle]

Disney was behind Uncle Scrooge. The poster who criticized the money bin cartoon claimed gold was jewish.

A tenuous connection. It could be moved or deleted. I don't care.

[Rick Ronsavelle]

I would this use to time buys, not sells.

BUY- March 16
BUY- Late June, early July
BUY- Nov. 16

DON'T BUY- Late Feb. or early Oct.

When Scatology Hits Fan, seasonality may evaporate.

Seasonals involve averages and are hardly guaranteed.
September is highly reliable.

[Rick Ronsavelle]

Spot just touched $1162.

[Alex Linder]

What Is Money?
Part 17: Conclusion

by Gary North

I have surveyed the Austrian School's theory of money. This theory began with Ludwig von Mises' "Theory of Money and Credit" (1912). I presented Mises' theory of fractional reserve banking and the creation of the business cycle in my mini-book, Mises on Money (2002).

The previous parts of this series are on-line here.

I have done my best to get across a line of reasoning regarding money. This line of reasoning is not shared by other schools of economic thought. To the extent that it is understood by the decision-makers in the governments of the world and central banks, it is resisted. It is regarded as old-fashioned and out of touch with newer, more scientific theories of money and banking.

The crisis of 2008 has led to a revival of interest in the Austrian School's theory of the business cycle. Why? Because several Austrian School economists and newsletter writers warned of the looming crisis. They did so two years before it hit. These predictions were dismissed as radical and out of touch. The most widely viewed debate over this matter – after the fact – took place on CNBC in 2006. Peter Schiff warned of the recession. Arthur Laffer dismissed it.

Finally, the Wall Street Journal ran an article on Mises' prediction of the Great Depression. The article ran on November 6, 2009. Better late than never.

MY FUNDAMENTAL POINT

In Part 1, I made the point that the Austrian School's theory of money is an extension of its overall theory of economic exchange. This distinguishes the Austrian School's view from all rival views of money.

The rival views insist that the free market is insufficient to provide a reliable monetary system. Either the national government or the nation's central bank must intervene in the free market in order to provide stability and reliability to the money system and therefore to the economy.

The logical extension of this outlook is that there is a great need for a world government and a world central bank, which together provide such stability internationally. Most economists and politicians refuse to say this in public, but this is a matter of prudence, not logic.

In contrast, the Austrians say that the free market can provide such a system of world money. We have already seen this system in operation. It was called the gold standard. It operated for most of the nineteenth century. It needed no world government and no world central bank to make it work. It did not need trained economists to make it work. You can imagine how popular Austrian School economics is with economists – about as popular as the gold standard.

http://www.lewrockwell.com/north/north784.html

[Doug]

$1179, higher and higher.

[Xuxalina Rihhia]

Disney willingly served the Jews. FDR, Churchill, De Gaulle, Eisenhower, Stalin and Truman were all Jew$. I think Disney may have been one himself since he so willingly made nasty and very untrue anti-Nazi propaganda in the form of children's cartoons! Fuck him and Fuck Disneyland/world!



Finally, something about gold...

http://www.marketoracle.co.uk/Article14996.html

http://vnnforum.com/newreply.php?do=...te=1&p=1075727

http://www.popsci.com/diy/article/20...fake-gold-bars

[Xuxalina Rihhia]

Disney willingly served the Jews. FDR, Churchill, De Gaulle, Eisenhower, Stalin and Truman were all Jew$. I think Disney may have been one himself since he so willingly made nasty and very untrue anti-Nazi propaganda in the form of children's cartoons! Fuck him and Fuck Disneyland/world!



Finally, something about gold...

http://www.marketoracle.co.uk/Article14996.html

http://www.popsci.com/diy/article/20...fake-gold-bars

[Mike in Denver]

Here is what I know: diddly-squat.

However, 1185...even I am impressed.

The global banking industry hates that the price of gold is rising like this, and I'm guessing that they are trying to prop the dollar up and crash gold. They are failing. Gold just keeps rising.

It's dangerous, but I really want these vampires to lose control of the worlds finances. Maybe it's starting to happen.

May I live long enough to see it.

Mike

[Alex Linder]

Originally Posted by Xuxalina Rihhia

Disney willingly served the Jews. FDR, Churchill, De Gaulle, Eisenhower, Stalin and Truman were all Jew$. I think Disney may have been one himself since he so willingly made nasty and very untrue anti-Nazi propaganda in the form of children's cartoons! Fuck him and Fuck Disneyland/world!

This is your one and only warning: we don't tolerate lying about who's a jew here. None of those you mention are jews. Make one more bogus claim and you're banned.

[Alex Linder]

The global banking industry hates that the price of gold is rising like this, and I'm guessing that they are trying to prop the dollar up and crash gold. They are failing. Gold just keeps rising.

They hate anything that shows them up for what they are. Gold is an anti-semitic hate metal.

[COTW]

Originally Posted by Mike in Denver

May I live long enough to see it.

Mike

Same here.

From Conan movie:
Crom, I have never prayed to you before. I have no tongue for it. No one, not even you, will remember if we were good men or bad. Why we fought, or why we died. All that matters is that two stood against many. That's what's important! Valor pleases you, Crom... so grant me one request. Grant me revenge! And if you do not listen, then to HELL with you!

[Steve B]

Originally Posted by Mike in Denver

The global banking industry hates that the price of gold is rising like this, and I'm guessing that they are trying to prop the dollar up and crash gold. They are failing. Gold just keeps rising.

It's dangerous, but I really want these vampires to lose control of the worlds finances. Maybe it's starting to happen.

May I live long enough to see it.

Mike

Ridiculous, the global banking industry is ecstatic that the price of gold is rising since they own most of it. You are aware that gold is the next asset bubble waiting to burst, rite?

Hmm, lets recap. We had the the merger-acquisition bubble of the late 1980's. Then we had the dot.com bubble of the late 1990's. Then we had the housing bubble in 2000. And all resulted in super duper losses of money.....mostly by suckers who got in on the high end.

Now the gold bubble. 1100 dollars for an ounce of useless metal. The jews must be laughing at the very thought of it. May you all lose your shirts.

[Alex Linder]

Hmm, lets recap. We had the the merger-acquisition bubble of the late 1980's. Then we had the dot.com bubble of the late 1990's. Then we had the housing bubble in 2000. And all resulted in super duper losses of money.....mostly by suckers who got in on the high end.

Now the gold bubble. 1100 dollars for an ounce of useless metal. The jews must be laughing at the very thought of it. May you all lose your shirts.

Those aren't remotely comparable. Gold will never fall to zero like the dot.com stocks. How much money is in gold anyway? How many people actually own gold?

[COTW]

I've read several reports that large reserves of gold are actually gold plated tungsten. If true, what happens then?

[Rick Ronsavelle]

The central wankers declare that the new money system shall be based on a basket of commodities, including tungsten.

[America First]

Bottom line is any new gold takes fuel, labor,time, equipment, electricity and a strong will as it is not free waiting to be picked up.

Less than 1% of people living in this regime own any quanity of more than a few ounce's.


It would not surprise me if the regime at some point will demonize silver holders, or in some way try to inact laws fiorcing folk to turn it in at a fix-ed price.

Remember this regime got US WW 1 F.D.R. and Cabal's Dec. 7, 1941 and completely covered up the www.ussliberty.org crime, as no one knew until Lt.commander Ennis wrote his book ten years later under the Carter Regime.

Point is the regime will do anything, but a Nation would protect and not fear its own majority.