Comments on: Do What Soros Does, Not What He Says

By: peter connor

peter connor — Tue, 19 Jul 2011 04:58:26 +0000

In response to a previous post about gold being somehow “old fashioned”, I have to voice my opinion here.

Not to detract from the person’s statement that information is the way of the future, but nothing great like this can be done without a rock-solid foundation under-pinning society.

That person’s information utopia would be destroyed without strong copyright and patent laws for example.

And without a stable currency, there wouldn’t be the same level of work put into something because of the lack of stability. “Why should I do this because I am not sure if the payout will be there for me”. Large projects will be most hit due to the risk factor of time creeping into the decision making process.

Has everyone noticed the very short term thinking that has crept into society the past 40 years?

Is it a fluke that the currency was taken off the gold standard around 40 years ago?

To describe gold in terms of an old fashioned gold standard, does not do it justice. True times have changed and an “old school” gold standard will not work, but a hybrid system that has been talked about may capture the best of modern finance with stability of gold.

Mark Twain said history doesn’t repeat but it often rhymes.

cheers

By: Greg

Greg — Tue, 18 May 2010 20:01:30 +0000

Sablefish,
Ok. Thank you.
Greg

By: Sablefish

Sablefish — Tue, 18 May 2010 19:41:14 +0000

Because you’re wrong about that. If you include the profit these private bankers make from the interest they charge US taxpayers, from lending our government money for war, then they are very profitable.Not to mention that they create the money they lend, out of thin air. Very profitable indeed.

By: Brad Thrasher

Brad Thrasher — Thu, 25 Feb 2010 14:55:11 +0000

Yes and oil shot up to near or over $80 USD’s as well. Did China just shoot itself in the foot?

By: Greg

Greg — Thu, 25 Feb 2010 02:43:26 +0000

Brad,
Your simple explanation is so true. This scares me because the government has to fund this giant debt some way. The Treasury and Fed do not want to raise intrest rates to attract bond buyers. So, the low hanging fruit is in the Money Markkets!!!
Greg

By: Brad Thrasher

Brad Thrasher — Wed, 24 Feb 2010 20:49:49 +0000

Hey Greg & Mark,

The trial balloon currently being floated is confiscation of pensions. Pensions are the new gold. Cash is King.

All or part of 401K’s, IRA’s and other pension types will be invested in Treasury notes or bonds. If the gubbment decides to confiscate all of our pensions we will receive an IOU in the form of an annuity.

And yes kids, they’re still looking to privatize Social Security. They want it all.

All the Best,
Thrash

By: Greg

Greg — Wed, 24 Feb 2010 15:31:59 +0000

Mark,
Hopefully C to C AM will have me back and I’ll get more time. I do not think the U.S. government will confiscate gold but things are so off the charts who knows what will happen. Thank you for your support.
Greg

By: mark

mark — Wed, 24 Feb 2010 11:34:36 +0000

Greg
You need more time on Coast.
What is your take on gold confiscation or taxation. I hold physical but am very nervous about keeping it in the US.
mark

By: Brad Thrasher

Brad Thrasher — Wed, 24 Feb 2010 06:27:20 +0000

G’day Sablefish,

If, as you post, the Federal Reserve Bank is privately owned, why is it that 100% of the profit is returned to the U.S. Treasury?

All the Best,
Thrash

By: Greg

Greg — Wed, 24 Feb 2010 03:48:37 +0000

Steve,
Thank you for your support!
Greg