Hooimijt Mei 2012

[Indiana Jones]

Het "bijleggen" kan zo leuk zijn

Als het helemaal moet, geeft dit soort zaken soms wat afleiding:
Indy MSM-MOPE .....

[Spruitje]

Een ezel stoot ...

[Boefke]

Het "bijleggen" kan zo leuk zijn

Als het helemaal moet, geeft dit soort zaken soms wat afleiding:
Indy MSM-MOPE .....

Fantastisch Indy!

Conclusie van de dag: Na een periode van afwezigheid mogen we een poster van het eerste uur wederom welkom heten....welkom terug.

I Like

[kobajashi]

Beste forumleden,


Elke dag opnieuw hoop ik eerlijk gezegd dat er meer inhoud komt in dit forum.
Soms, met zen momenten kan het niveau hier degelijk zijn maar jammer genoeg zie ik ook vele perioden met meer nutteloze dan nuttige post verschijnen.

Ik weet dat ieder zelf beslist wat te posten en ieder moet zen ding maar doen, maar inhoud is an sich waar we hier voor zijn.

Post als "die of die heeft wel/niet gelijk" zijn van weinig belang.
Enkel als er verklaringen aan toegevoegd zijn is het nuttig. Dit kan uw eigen ondervinding zijn of door quotes van andere "heldere geesten".
Persoonlijk probeer ik veel te lezen (ook Armstrong, sinclair, enz) maar ik vind dat de puzzelstukken van Another - FOA - FOFOA aardig in elkaar aan het vallen zijn.



-Hun uiteenzettingen over de Uitgekozen richting (bouwen aan een uitweg voor het dollarsysteem via ontwikkeling Eurosysteem) van de Centrale banken wereldwijd sinds de jaren 70 (na einde bretton woods).

-De verklaringen van de "oil for gold deals" en de uileg over de flow van olie ifv het dollarsysteem (verplichting van verhandeling olie in dollars, waarin de enorme hoeveelheid dollarschuld kan verborgen worden.

- het voorspellen (groot woord maar ja...) van de enige mogelijke uitweg via massaal printen van de schulden (debt monetization) met hyperinflatie als gevolg en revaluatie van de goudprijs!

- Hun verklaringen ivm de enorme hoeveelheden goudcontracten die dagelijks worden verhandelt (papier goud en leverage)

- hun uiteenzettingen over de links tussen de Saoudies, Aramco, olieprijzen, goud, militaire bescherming en ontwikkeling van papiergoud

De invloed van China in dit ganse proces...

Al deze materie die tussen 1997 en 2001 is neergeschreven en nu door FOFOA wordt ontleedt, is zich voor de volle 100% aan het voltrekken tot nu toe.

Trager dan gedacht door velen maar oh zo actueel momenteel.



Ik vraag aan ieder hier:

- Waar zit FOFOA eventueel fout volgens jullie (liefst eenvoudig beschreven)
- Wat is volgens jullie de oplossing of uitweg
- Wat denken jullie dat de volgende stap in ons monetair systeem zal zijn?
- Hoe zien jullie de koopkracht van fysiek goud evolueren?



Hopelijk leren we zo meer van elkaars gedachtengang


Mvg


Koba

[skyscraper]

de griekse nationalistenleider van de partij "golden dawn" geeft persconferentie na de verkiezingsuitslag:
http://www.youtube.com/watch?feature=pl ... 4AXJx3IzdY#!

laat ons ajb hopen op geen WO3

[kobajashi]

enkele goede quotes ivm de euro-architectuur...

http://fofoa.blogspot.se/2012/05/inflat ... 6338850269

"One comment on the tenuous support for the USD. Doesn't it seem we are sort of in a mutual assured destruction(MAD) economic structure like we were w the USSR w/ nukes? Doesn't the world need to keep supporting the USD or at least manage its decline slowly or else they crash their own economies at the same time?"

That was a big part of the thrust to create the Euro. From above:

For another currency block to be built over years, the current world economy had to be kept functioning. To this end the dollar reserve system had to be structurally maintained; with its IMF agenda intact, gold polices followed and foreign central bank support all being part of that structure. Truly, the recent years of dollar value was just an illusion. An illusion of currency function and value, maintaining the purpose of holding the world financial and economic system together for a definite timeline. Politically, the world does not hate America; rather they hate the free lifestyle our dollar's illusion value brought us yesterday and today.

Now that the Euro block is passing a point where the Euro currency is viable; this same past dollar support that built America's illusion wealth will now fall away. In its place we will see the beginnings of a currency war like no other in our time.

[...]

China was admitted into the World Trade Organization on December 11, 2001, one month after these posts. And it wasn't until 2002, after FOA stopped posting, that China really began to ramp up its trade with the US and to purchase US bonds in size [mop up the deficit flow of dollars keeping dollar prices low and stable]. From '99 to '01 China's Treasury holdings were flat at around $50B, but from 2002 they began a parabolic rise that has now ended and is once again flat.

So if China has backed off from supporting the dollar today, in the same way that the European CBs had backed off right when FOA wrote these posts, well then perhaps they are more relevant today than the day they were written.
Here is Ben Bernanke from a speech in 2005 noticing the shift in dollar support from "industrial countries" (Europe) to "developing countries" (China) which took place sometime "between 1996 and 2004": [...]

Gregor is correct about the "benign" inflation we've had, not just for the past decade, but for the past three or four. This is what FOA was talking about. "Yes, we got our little 3, 4, 8 or 9% price inflation rates in nice little predictable cycles." But hyperinflation "never showed up because the world had to support its only money system until something could replace it." The euro was born, then came China, and my call is that hyperinflation "is now being 'structurally' set free to run."

[...]

The point is that the premise rests on 90 years of history which only makes sense if viewed properly. It rests on 50 to 60 years of political support followed by 20 years of structural support from Europe and another 8 or 9 years of structural support from China. Today both political and structural support are gone, and the "solid foundation under any and every discussion" of monetary matters in America is what I am generously terming the "willy-nilly support" of the rest of the world. In other words, we have no say in the matter. Our fate is in their hands

[kobajashi]

http://fofoa.blogspot.se/2011/04/forum- ... 2936364105


”If there is a substantial time lag before gold trades substantially higher, I said I would be concerned that the euro might collapse together with the dollar, just because I do not see how you would stop or divert the run on everything tangible“

I believe FOA also stated that the Euro would be subject to devaluation, and that it was simply the more resilient and thus the more likely to survive.
I restate my claim from this post which I linked to earlier as part of my original response to you, with an addition:

”In practice, any currency is valued by the market only by that which it can be exchanged for. Under a Freegold Standard, currencies are technically, but not officially, backed by gold - a currency that cannot be exchanged anywhere anytime by anybody for gold will be avoided in favour of one that can. It is privately-held gold reserves that make themselves available for this exchange, at the right (floating) price, not Central Bank gold reserves.“

The ECB can protect the Euro by printing Euros, and buying gold with them, at a high (Freegold establishing) bid. This simultaneously revalues their gold reserves upwards, as well as increasing their size. Who cares how high it goes? The higher it goes, the more insignificance all those “toxic assets” you claim currently “back” the Euro pale into. More value is absorbed into the physical reserve assets on the ECB balance sheet.

Soon enough people will see this, and rather than being sellers, will become buyers.

Sure, they may want to hack a few zeroes off the currency once some sort of stasis is established. It’s been done successfully before. The important thing for the Euro is that its holders are confident it can purchase gold.

Gold has historically been sold by Central Banks to maintain an undervaluation of it. When a CB wants to see the market discover gold’s real value, they bid for it. If they aren’t getting the flow they want to restore the confidence we all need, they raise that bid. This is being responsible rather than dishonourable, leading by example like every good leader. This is definitely a new paradigm, quite literally.




...cont


Victor said:

”Remember October 2008 and May 2010? What was not possible for several weeks because the inventory was gone on day one?


Also, imagine you are a bank, and assume you still have some inventory. A long line of a thousand people has formed in front of the branch. They want to exchange their deposits for gold.


You can calculate that when this goes on for two more days and you keep losing deposits, your company will lose all their equity. Do you really think they will sell gold even if they had some left? ...the ECB cannot fully use the gold reserve to prop up the currency, for example, because a lot of it is stored elsewhere (London, New York) and not readily accessible.“

The gold price was throughout this process you describe was still riddled with encumbered gold paper. Inventory would not be depleted if the printer of a currency such as the ECB were simultaneously bidding unencumbered gold up as described above.

All that would be sold would be tiny amounts for large sums of currency. To every bidder in the market, by every seller in the market.

The ECB needs nothing more than the claim of ownership to those reserves in the NYFRB basement (which is not US soil, BTW), unless they need to mobilize that stock as flow... which they don’t need to do, because a) they have huge stock in their possession in Europe at the Freegold valuation, and b) because they would be buying, not selling, in defense of the usage demand (utility, aka value) for their currency.

If you (as an issuer) are confident your currency is actually any good, that it is not actually a tool to defraud its users, there should be no hesitation in putting your money where your mouth is, and putting a solid bid under gold, letting the chips fall where they may. The world has a massive correction it needs to get through anyway.

[kobajashi]

http://fofoa.blogspot.se/2011/04/forum- ... 2936680456


Casper said...
Hi Victor,

I see that you're also very interested in technical aspect of how the transition might be managed by the CBs.

a) regarding interest rate increases

after some extensive reading I've come to believe that interest rates are a distant second to the number one tool - managing reserves (b) in the arsenal of any CB

The Paul Volcker interest rate hike actually didn't work and the most important reason the system didn't blow up right there and then was the deal between the West and the East regarding the gold for oil flow, where reserves of the people (currency zone) were used to fund the flow of oil - as FOFOA and others before him mentioned.

b) managing reserves

You say/imply that euro isn't backed by worthy reserves (government bonds of bankrupt countries). Most probably the PIGS are already bankrupt and most others too, except maybe for Germany.

It's becoming quite obvious that without ECB and China purchasing gov. bonds of these countries, the goverments of these countries would have collapsed already due to lack of funds to fund the daily/monthly expenditure.
The fact the China is buying can be interpreted as diversifying their reserves or as a direct support for the ECB's plan of paving a way to FreeGold. Both arent't really interested in making money through interests on these holdings since China doesn't value paper wealth and ECB can print all the euros they need.

As Blondie said, you can't be seen running the price of Gold since it would send the wrong signal. You have to make the market do it for you and for that you need a functioning currency (which by my belief is the reason CBs aren't going to allow – or at least try – a disorderly breakdown in local governments by cutting the funds).

As these bonds pile up in various vaults of CBs and their value starts dropping due to tha fact that they aren't a reliable store of value the value of gold in these same vaults is going to rise and rise and most importantly the reserves of the whole zone are going to rise as people hold on to their wealth in gold, all the while receiving euros for their everyday expenditure.

I think that the most important thing for the CBs is going to be how to prevent people hoarding food, water,... and for that they need to establish and support the flow of oil. I personally think that the rising prices we're seing in various commodities are mainly due to rising prices of oil viewed as a benchmark for the pricing of other commodities.

So if you control the pricing of oil you control the whole comm. complex and if oil flows so will other comms. How do you make prices top or fall?

Casper
April 15, 2011 11:51 PM

[eduro]

Het kan ook van pure liefde zijn dat 2 mensen naar elkaar bijten.

LOL HET GAAT OVER NIKS

[Adamus]

Het kan ook van pure liefde zijn dat 2 mensen naar elkaar bijten.

LOL HET GAAT OVER NIKS

Yep, beetje jeuk, meer niet