Golden Showers

logopodcastOff the microphone of RE

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Aired on the Doomstead Diner on December 11, 2014

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Snippet:

 

my_precious…One of the more interesting and somewhat comical manifestations of the ongoing banking collapse, manifested mostly in the crashing currency value of the Yen and Euro but visible elsewhere in skyrocketing Stock prices is the attempt by various countries like Germany, Switzerland and Belgium to “Repatriate” Gold they have stored overseas in the Basement Safe of Da NY Fed and the BoE primarily. Well, it is supposed to be there anyhow…

Why do they want to repatriate said stacks of Gold? Obviously, because nobody TRUSTS anybody anymore, so everybody wants their own hands on their Precious, Gollum style.

Of course, very little of this stuff is actually moving around from one safe to another, various excuses are made for this, but of course the main reason is that there are multiple claims to every Gold Bar in existence, many times over here. It is “leased” out, which is the most preposterous idea you can imagine, HTF does Renting a Gold Bar improve your financial situation? Besides that, there is an enormous amount of “Paper Gold” traded every day, which has no corresponding Gold bar attached to it, it is just a bet on what the current and future price of Gold might be.

To demonstrate how ridiculous this whole deal is though, let us do a Thought Experiment and imagine what occurs even IF all this Gold actually still is in the Basement Safes of Da Fed and the BoE, AND all the countries requesting return of their Precious actually get it back!…

http://www.quickmeme.com/img/de/de7b0d100f2bbdfcb3686fb5c4e35ddb3a1657a43f8c190eff9d1ee0e721a2e9.jpghttp://www.quickmeme.com/img/d1/d131e378f41f1d548fd565cc09cca5c3e60b9d35b3dc82d1465f2494152cc4d3.jpg

For the rest, LISTEN TO THE RANT!!!

Note: For Non-Native speakers of English and folks who prefer to read rather than listen, you can find the Full Transcript of this Rant HERE

11 Responses to Golden Showers

  • guest2 says:

    Hoary old argument about there not being “enough” Gold/Silver.
    There is plenty. It’s just a matter of price for the present owners of physical to exchange it for a paper/digital fiat.

    And really, there’s no need to even use fiat. One could deposit an amount of physical with a Reputable (key word) company and then make digital transactions across the world. Reputable companies would be common place (non reputable would quickly go out of business) if not for government monopolies that maintain corruption & cronyism.

    The present banking cabal is fighting tooth & nail to keep their ponzi scheme going. The issue isn’t a PM backed currency (and realize many forms of a “Gold Standard” are possible.

    The problem has been,is currently and likely for ever will be a corrupt few seizing control of government and turning in on others just as if it were a gun.

  • RE says:

    “Reputable” and “Company” in the same sentence is an Oxymoron.

    There absolutely IS a deficiency of Gold to use for coinage, divided out by total population of Homo Sapiens there is less than 1 oz available per person. Making a teensy 1/10th oz coin worth enough to buy groceries for a month is absurd. Keeping a pile of gold in a safe somewhere and trading around digibits at some fraction of the ostensible worth of said pile of gold is even stupider than that. Not to mention this depends on the electrical grid and internet to continue functioning. In half the world ALREADY you can’t make “digital transactions” regularly because the fucking power is out.

    Gold is pretty much useless as a currency medium unless and until there is a VAST reduction in the population of Homo Sapiens, and even then it is unlikely to work since it is already so centralized and held by a relatively small number of people.

    RE

  • guest2 says:

    RE states above ” “Reputable” and “Company” in the same sentence is an Oxymoron.”

    So you’re claiming there are NO reputable companies currently to be found on the planet? That’s quite a claim.
    Then you seem to take issue with the amount of Gold in existence (estimates are approximately 170,000 tons worldwide). What difference does the amount make? Is there a minimum level necessary? What would satisfy you, 5 lbs per person, a ton per person? Does Gold need to grow on trees to satisfy you?
    Read this and refute http://mises.org/library/how-much-money-should-there-be

    Finally you seem to have issue with the fact that Gold could be used manually (e.g. 1 ounce coin (or smaller even 1/10 gram wavers —those actually exist). Gold could also be used for digital transaction in any amount unit as used by the firm GoldMoney. While I don’t use them or have any affiliation, their business model seems valid. Far as I can tell it is government restrictions that keep them from being more successful.

    Actually I would say the fact that Gold can be used manually and digitally for finical transactions is the best of both worlds.
    Manual (hand-to-hand) offers use in a grid down situation and offers anonymity from prying governments. Digital transaction scale up to the largest of uses.

    Your rebuttal isn’t even that, instead of any logical argument you dismiss things out of hand with the use of adjectives such as “absurd” and “stupider”. Perhaps you should direct your rant to the Chinese, Russian & Indian governments and Chinese & Indian citizens that own Gold (about 2.5-3 billion people).
    Use your mastery of language and logic to inform them that the Gold they’ve gone to such effort to procure is actually “absurd” and “stupider”.

    As I mentioned in my first post, the PROBLEM is that governments has been hijacked by a banking cartel. Nothing is going to to enhance our lives as long as they are in control. If the cartel can be eliminated then Gold could handle the job as of a world-wide means of exchange. If the cartel can’t be overthrown then any monetary solution will be perverted by them. Gold included.

  • RE says:

    “So you’re claiming there are NO reputable companies currently to be found on the planet? That’s quite a claim.”-G2

    “Companies” are corporations which exist to Profit the folks that own them, in the case of large ones usually shareholders, in the case of small ones sometimes individuals. The only way a “company” makes a “profit” is by in some way giving less in return than it costs it to supply a given product or service. It does this either by paying the workers less than their labor is worth or by charging customers more than it costs to make a given product or deliver a given service. So Companies are inherently disreputable, since they always seek to profit at the expense of somebody else.

    “Then you seem to take issue with the amount of Gold in existence (estimates are approximately 170,000 tons worldwide). What difference does the amount make? Is there a minimum level necessary? What would satisfy you, 5 lbs per person, a ton per person?”

    170K Tons X 2000 lb/ton X 16 oz/lb /7B people works out to .777 oz/person. This is a ridiculously tiny amount of the material, considering its density is around 11 oz /cubic inch, which means each person if evenly distributed out gets a coin which is about 1 inch in radius and maybe 1/4 inch thick. LOL.

    For a minimum amount, I’d have to figure on at least a few pounds of the stuff for each person, which you actually might pull off with silver or copper to have enough coins in circulation, but WTF is the VALUE of said coins?

    Trading it around as electronic digibits is pure technophilia, the energy is not there to keep running the internet in perpetuity you know. If you are going to use metals as money, you have to have the actual metal around, not some digibit representation of it.

    You are better off using cowrie shells or moose chips here, at least those are available enough to turn into a currency medium.

    RE

  • guest2 says:

    Come on RE, join the 21st century.

    Until/unless there is a culling of humanity, we’re stuck with 7 Billion (and growing) people. Passing coins or anything hand to hand just won’t scale. However there is no denying that non digital/physical currency has the advantage of working locally without use of electricity. It has the 2nd benefit of offering private transactions.
    Doesn’t it stand to reason that a monetary system that encompasses both aspects (physical and digital) is best suited?

    As for using strictly Gold, as money. .777 oz per person equates to 28 grams.As I mentioned before, 1/10 gram gold wavers are readily available these days. That’s 280 wavers per person if they elect to be all physical and not engage in storing part of their money with a company (public or private) so as to have digital access to facilitate long distance transactions.

    By the way, I am not necessarily championing Gold here. The U.S. constitution specified a bi-metal monetary system, Bitcoin seems to be viable and have it’s adherents. My own personal opinion is that governments should end their monopoly of the monetary system and allow any entry to be used and let people make their own choice of what to use and how to store it.
    Gold (Silver too) just happens to have a long history of being used as money. Asia (4 Billion+) is currently buying Gold hand
    over fist. Gold has a track record. All those factors make Gold the logical,leading candidate for world use.

    Now, as for your very cynical thoughts about companies large or small. Usually they endeavor to make a profit (but not always e.g. the State owned Bank of North Dakota). Even if they do seek profit, that doesn’t mean that there isn’t an exchange of goods or services that isn’t satisfactory to both parties.

  • RE says:

    https://bullion.nwtmint.com/images/goldbars2a.jpg

    They may exist in .1g sizes, but they are so small there are no pictures of them on the net.  lol.  The smallest I could find is the 1g size, around the size of your fingernail.

    Assuming I don’t lose it, you are telling me that the 1g size fingernail size wafer pictured above will fill my tank with gas or buy me a week’s worth of groceries?

    Insane.

    RE

  • guest2 says:

    Let me get this straight, first you complain about Digital money and how unfeasible it is seeing as it can’t survive DOOM.
    Now you have issues with physical Gold sizes being too small (actually, I think some companies embed the smaller Gold sizes in plastic). I offer a possible solution that provides both physical and digital implementations and you dismiss it.

    Expand your mind man.
    As I mentioned in my previous post, the best solution is for governments to get out the money business (or at least relinquish their monopolies) and let a multiple of enterprises offer up solutions. Let people determine what is best for themselves.
    Let incompetent or disreputable companies fail and let the companies with integrity that are serious about maintaining their reputation succeed.

    If RE eschews Gold, Bitcoin or fiat USD and prefers to use bullets as currency then he can transact with any like minded without government throwing up legal or regulatory roadblocks. True it might be difficult to order a widget made a continent away, but you make your choices and live with the consequences.

    Actually, I don’t even have a problem with governments issuing their fiat currency. It’s their legal tender laws and the way they force citizens into their corrupted financial ponzi scheme that I take issue with. Currently one is faced with saving in a legal tender that can essentially be printed up by the insiders. Any prospective Bank that wished to open must obtain a government charter and operate under banking laws that have been rigged to ensure there’s no real completion to the status quo.
    The bulk of the people get screwed under such a scheme. The insiders make out like bandits and plough their wealth into further buying off government. They consolidate their control with even more laws & regulations that favor themselves.

    Now let’s revisit your scenario above about filling up your tank with gas.
    Various solutions are foreseeable. Deposit 1/10 gram with a gas station and get a credit for X gallons of gas.
    Another possible, a local bank or credit union issues their own script. Deposit 1/10 gram and get script (recognized locally) and use it to buy your goods and services.
    Another solution, this time using Digital transactions. Buy Gold with a firm such as GoldMoney. Make digital transactions with others who utilize the same system.
    Yet another digital solution, use Bitcoin. Make digital transactions with others who utilize the same system.
    Finally, continue to use government fiat for low level transactions but keep the bulk of your saving in a wealth storage form not so subject to such perversion as government/Central Bank fiat money. That could be Gold/Silver/Bitcoin. Perhaps a blend of the above. Perhaps in your case, bullets and wampum.

    Of course, none of this can really fly as long as an organized cartel exists that can buy off governments and kill off any real competition to their monetary system. Control the monetary system and you control the world.
    I argue for a decentralized, unregulated monetary system.

    What’s your solution RE?

  • guest2 says:

    http://www.amazon.com/0-10-Gram-Gold-Bar-999/dp/B00D37KFDY

    using google it took me less than 15 seconds to find this link

  • RE says:

    “What’s your solution RE?”

    Abolish money and go to a Potlatch economy. Money is the Root of All Evil.

    The actual size of the .1g wafer is 4.0 mm tall X 2 mm wide x 0.8mm thick

    For reference, my index fingernail is about 15mm tall x 10 mmwide x .5mm thick

    RE

  • guest2 says:

    “Abolish money and go to a Potlatch economy. Money is the Root of All Evil.”
    So says RE.

    Look around your condo RE, chances are near everything you have and use DEPENDS on a functioning monetary system.

    I’ll end my comments here, move on from this site and leave you to the DOOM you so embrace.

  • RE says:

    What I have and use depends on far more than a functioning monetary system, it depends on copious quantities of Energy to manufacture all the stuff that is part of all our daily lives.

    The general conclusion I have drawn is that said copious energy is going the way of the Dinosaurs, and the stuff won’t be around to buy at any price with any money whatsoever, Fiat, Gold, Cowrie Shells or Moose Chips.

    Far as “embracing” Doom, no I just am an observer and analyst of it.

    Your commentary would be better received on a Gold Bug website.

    RE

Knarf plays the Doomer Blues

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