miscreanity
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May 23, 2012, 03:45:30 AM |
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it was both. the US excessively printed but we were able to get away with it b/c we were the centralized custodian of everyone's gold (only we could count it realtime). we were able to get away with years of inflation throughout the 1960's to fund the Vietnam war. over time other countries caught on to what we were doing but probably didn't want to bother with coming to get their gold b/c it IS too heavy.
finally, France couldn't take it any longer and demanded their gold when the excesses could no longer be ignored. then we defaulted.
this is why Bitcoin would be so superior. with a keystroke the BOP could be settled nightly.
France was invaded during WWII, as was almost the entirety of Europe. Russia was perceived to be a looming menace in the period afterward. Would you want to cash out your bank account and keep it at home with a mob of thugs eyeing you from across the street? Granted, transatlantic shipping always carries some risk, but the deliveries were made without event to the west. Any number of vessels were capable of carrying nearly all of Europe's gold in one run. Today, dozens of supertankers are capable of transporting every above-ground ounce in the world with plenty of room to spare across the Atlantic in less than a week, and around the world in less than a month. As foolish as that would be, the capability is there - and not much slower than air freight. We may as well be arguing about China's woes in obtaining a measly 60+ tons. And don't forget about teleportation! It may never be possible for complex organics, but a single atom is conceivable. But by the time that's feasible, we may have more pressing concerns
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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cypherdoc (OP)
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May 23, 2012, 03:45:48 AM |
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oh silverbox,
BTC 5.16, gold 1559
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tvbcof
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May 23, 2012, 04:06:43 AM |
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I dis-agree. In a reasonably tight 'one world' solution a lot of the problems the EURO has (or pretends to have) would vanish.
let me give you several reasons why there will never be a one world currency: N.Korea vs S.Korea Taiwan vs China USA vs Russia USA vs China Iran vs Israel Palestine vs Israel Israel vs The entire Middle East did i miss any? One of particular note: Political leaderships vs. the populations. It is not a stretch in my mind to imagine the political leaderships of many important nation states finding that they have more in common with one another than they find with their own increasingly unruly underclasses...and much less to fear. I'm not predicting this as a forgone conclusion, but it is something which would not surprise me. We are in fact more of a 'global community' than ever before in human history, and we are also facing some very interesting 'peaks' on a variety of fronts which are also new territory. The only thing I expect for sure is that we will see things in the future that we have not really seen in the past.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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miscreanity
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May 23, 2012, 04:08:01 AM |
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oh silverbox,
BTC 5.16, gold 1559
This is like betting on black and red at the same time in roulette: you're going to win no matter what
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notme
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May 23, 2012, 04:11:49 AM |
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oh silverbox,
BTC 5.16, gold 1559
This is like betting on black and red at the same time in roulette: you're going to win no matter what Except when it lands on green.
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miscreanity
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May 23, 2012, 04:12:06 AM |
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One of particular note: Political leaderships vs. the populations.
It is not a stretch in my mind to imagine the political leaderships of many important nation states finding that they have more in common with one another than they find with their own increasingly unruly underclasses...and much less to fear.
Yes, if communication among populations has increased, you can assume it has changed for the upper echelons too.
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miscreanity
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May 23, 2012, 04:23:31 AM |
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Except when it lands on green.
That's getting hit by 2011 AG5
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cypherdoc (OP)
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May 23, 2012, 01:47:40 PM |
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it's that time again: Charge!!!!!!!!!
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silverbox
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May 23, 2012, 02:29:17 PM |
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it's that time again:
Charge!!!!!!!!!
Actually AAPL is holding up rather well today I think. It's everything else thats in the dumper.. Well except FB
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cypherdoc (OP)
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May 23, 2012, 02:30:08 PM |
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it's that time again:
Charge!!!!!!!!!
Actually AAPL is holding up rather well today I think. It's everything else thats in the dumper.. Well except FB just a matter of time, baby. just a matter of time... edit: come to papa.
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cypherdoc (OP)
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May 23, 2012, 04:06:47 PM |
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i thought the USD was supposed to go down?
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hazek
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May 23, 2012, 04:14:11 PM |
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i thought the USD was supposed to go down?
Patience, let the central bankers do what they do best.
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My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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cypherdoc (OP)
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May 23, 2012, 04:17:35 PM |
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i thought the USD was supposed to go down?
Patience, let the central bankers do what they do best. not sure how anyone could be patient with silver off 46% from the top.
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tvbcof
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May 23, 2012, 04:21:43 PM |
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i thought the USD was supposed to go down?
It'll be chopped down by some means or another. A glance at the stock market shows the intensity of the pain it is producing and the US is still very much the hedgemon of most aspects of global macroeconomics. I'd be the happiest guy in the world if the situation with the USDX continued (or worsened) for another several weeks when I am anticipating a wad of USD but doubt that I'll be so lucky. On the other hand, creating a hole now to be dug out of as we get into the heart of the election cycle makes some sense so I might be so lucky after all. In the mean time this is one of those situations where 'every squirrel finds a nut sometimes.' You get to bask in the glow of being right-ish for a while even if you are clueless about the reasons. Enjoy it while it lasts.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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silverbox
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May 23, 2012, 04:24:42 PM |
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I'm seriously considering a rebalance to move more assets from gold into silver. specifically smaller silver miners.. I think I'll wait a bit and see if we drop more thu.. Those small silver miners are looking awfully cheap..
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cypherdoc (OP)
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May 23, 2012, 04:28:35 PM |
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You get to bask in the glow of being right-ish for a while even if you are clueless about the reasons.
LOL!
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tvbcof
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May 23, 2012, 04:48:45 PM |
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I'm seriously considering a rebalance to move more assets from gold into silver. specifically smaller silver miners.. I think I'll wait a bit and see if we drop more thu.. Those small silver miners are looking awfully cheap..
direct-registration-faq
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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silverbox
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May 23, 2012, 05:09:29 PM |
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I'm seriously considering a rebalance to move more assets from gold into silver. specifically smaller silver miners.. I think I'll wait a bit and see if we drop more thu.. Those small silver miners are looking awfully cheap..
direct-registration-faqThe brokerage I use doesn't offer it to my knowledge. If I'm going to take delivery of certs, I might as well just buy physical (which I have the percentage I want in physical). Sides none of my brokerage accounts are over the insured limits. So unless my online brokerage and the federal government fail at the same time, I'm pretty safe. If they do fail at the same time, its likely my certs or direct registered shares are worthless as well. If you really want security, hold the metal in your hand
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tvbcof
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May 23, 2012, 05:21:31 PM |
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I'm seriously considering a rebalance to move more assets from gold into silver. specifically smaller silver miners.. I think I'll wait a bit and see if we drop more thu.. Those small silver miners are looking awfully cheap..
direct-registration-faqThe brokerage I use doesn't offer it to my knowledge. If I'm going to take delivery of certs, I might as well just buy physical (which I have the percentage I want in physical). Sides none of my brokerage accounts are over the insured limits. So unless my online brokerage and the federal government fail at the same time, I'm pretty safe. If they do fail at the same time, its likely my certs or direct registered shares are worthless as well. If you really want security, hold the metal in your hand The point is that you would probably do better to have shares vs. something someone on the other side of a naked short gave you in lu of a share. The differences in how these two distinct items are treated in the years of lawsuits which would follow an implosion of your broker (in the hopeful case that we have a functional justice system to adjudicate such things) could well be significant. But do as you will. I'm not yet to the point of even wishing to play with jr miners even though, as you say, it's getting pretty damned tempting. OTOH, it's been tempting for many years and I have yet to regret not 'jumping in it.'
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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bitcool
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Live and enjoy experiments
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May 23, 2012, 05:36:00 PM |
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i thought the USD was supposed to go down?
Patience, let the central bankers do what they do best. Stocks must go down, PM must be under control, before 6/19. That's an order from the master.
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