Hungry Freaks

GEM lucas Loc: TRIADELPHIA ,WV

It's really hard to get some people to just use common since.You know my Dad only went to the third grade, but he had a lot more common since then some them on this forum. boy it's really sad.

Hungry Freaks

"Insulting rants" and "adolescent name calling"?????????

Surely ou jest, King (or queen) of all mindless rants and adolescent name calling.

Have you no shame?

Hungry Freaks

agreed that a return to the Gold Standard would be difficult, if not impossible given what has occurred since we went off the GS.

And ending US debt as the instrument of choice by the world-wide economy would have disastrous effects upon the US Treasury.

HOw would we re-establish a benchmark price for gold now that it's price has been floated as a commodity for 45 years?

Considering the the bulk of new gold production is in Russia, Canada and Africa, it would be a boon to those regions. It would be a disaster to the US which has drawn down it's gold reserves since Nixon floated it's price in the early 1970s.

I know Libertarians seek a return to the relative safety and stability the Gold Standard was linked to n the 20th Century. It's natural to look at what we have today and have atavist thoughts about what once was.

But what of the instability of the late 19th Century when competition between currency standard, gold, silver and greenbacks, created multiple economic panics. Return to a bimetallism? Or a new metal, such as platinum?

Think we're stuck in the current Treasury Bond system. Gold is way overvalued. It goes through the same boom and bust system as the stock market, albeit in a counter-valued cycle.

Same goes for the fed. How would a nation go about dismantling it's central bank? Isn't that what we claim is wrong with the EU-no central bank?

What historical even would cause such a radical change?

The current monetarists have no eradicated the business cycle, but simply tamed it. At some point there will be a world-wide repudiation of debt.

If one were to pile up every piece of currency in the world, every dollar, dinar, euro, mark, shekel, ruble, yen and so on, it wouldn't be enough to satisfy the combined public and private debt accrued by individuals, corporations and governments. We have debt that is simply never met to be repaid, but replaced with new loans, more debt,more bonds.

Will such a repudiation ever happen? In our lifetime? As John Maynard Keynes once said when asked about debt, he said: "in the long run, we'll all be dead."

True, but not all that comforting.

big D

You are so sad!

UncleJesse Loc: Hazzard Co, GA

Oh okay, thanks Stymie!
Yeah, I'd probably do that too if I were a foreign bank.

Bruce Kennedy Loc: Kansas

Well one thing is for sure, you not an example of an adult, whatsoever. Your educational level is somewhere south of fifth grade and you maturity level is that of an infant, but you are funny. Do the "Dutch" know you're insulting them by using their nationality, in your user name? You know your responses are like a broken record, don't you? No originality. That's what happens when you're working with a limited uneducated brain. Where did you pick up that crazy little moniker, for the President? I know you didn't come up with it, on your own. Who did you steal it from? You epitomize the essence of "Monkey see, monkey do", incapable of any originally generated thoughts, of your own.

Come on "Dutchman" I'm just funnin' you. I don't mean anything I post. It's just so fun pulling your chain. I know you can't understand half of what I post, anyway. Seriously quit insulting the "Dutch". What did they ever do to you?

kegler299 Loc: Aurora, Il.

A lot of words to do the same thing you are saying the right does. Have a nice day.

UncleJesse Loc: Hazzard Co, GA

I believe you made some good points about the practical reality of it all. If there is a world wide repudiation of debt, what would be available enough to satisfy all those coffers to swap over to and is debt-free?

The Dutchman

You people always follow alinsky's teachings and quite well I might add. You attack anyone and everyone that goes against your progressive, liberal, socialistic brain washed way of thinking. Your adolescent mind lacks the ability to respond in an adult manor so your only way of responding is with name calling and insults. Like I said before, " I have to quit calling you stupid because your taking it as a challenge.
Strange how this post has had 829 views and 98 comments and I have received 47 private messages from normal people that just don't want the name calling and insults that responding will get them. most of the 98 comments are from the people that have no clue what the post was about and just want to go on name calling rants because they lack the mental capacity, (which is more than evident} to understand what the topic was all about and can't stand that there is documented historical proof that liberals are nothing but useless useful idiots.

The Dutchman

Little brucie, all you people do is hijack any and every post that outs your beloved muslim messiah and try to turn it into a bunch of name calling rants.
I will continue to post anything and everything I can that I know will get under the skin of the liberal morons and get their panties in a wad.
It's some of the best entertainment there is on the internet listening to the little pigs squeal....

The Dutchman

The Dutchman wrote:
Now I see the shemarine has resorted to name calling and rude comments. I guess it's yet another one we have to quit calling stupid cause it is also taking it as a challenge....



Ah yes, exactly what I would expect from someone hating to see their beloved muslim messiah outed...

emarine

Na Dutchess ... it has little to do with the President.... Its all about what's real and what's not, and the ability to tell the difference. Just like your Benghazi propaganda posts, pure batshit from shallow stupid people... the ones you faithfully follow.... what is really amazing is no matter how many times your proven wrong you come back for more.

Hungry Freaks

My guess that a repudiation of debt would lead to a collapse that would be short and severe. that would lead to the "historic event" that would either be social and economic turmoil or a re-building of the system by it's inherent productivity. Callit a complete correction, just as the stock market erases wealth every so often to bring proper valuation to an over-valued stock market.

'fraid I'm not smart enough, or imaginative enough, to foresee what would replace the T-Bill and other forms of debt. Gold? Platinum? Small arms? Ammo? Food?

Someone once said exploitation (the word used not in the pejorative sense) of natural resources the source of all wealth. Perhaps natural resources and agricultural commodities, with the nations possessing the most becoming the wealthiest. .

The Dutchman

How about refreshing my memory so I can better understand this: