Terry Blanton wrote: > You might be our first poster from Argentina. Welcome! Are you > having a good summer? >
Thank you. Yes indeed, we have a beautiful summer here right now. > Your post prompted me to look to see who has the most gold: > > http://www.globalfirepower.com/list_gold_reserves.asp > Interesting. I didn't know that. I'm not sure to what extent the correlation between a country's gold reserves and the strength of their currency is a valid one. Even in a monetary system backed by gold. Monetary policy should prevail to gold availabitity, so to speak. I'm also not sure about how the gold reserves of a given country can affect the value and stability of another country's (gold backed) currency. Food for thought, I'll think/investigate about that. Take into account that, independently of the fact that a currency is backed by gold or not, what really makes a currency strong are the fundamentals of the economy or economies in which that currency operates. Currencies are means of exchange of goods and services, and do not (should not) have value by themselves, but by whatever goods and services can be exchanged by them (including gold). Indeed, this is the crux of the matter regarding currencies and monies: that actually they are meant to hold and produce value by themselves(by yielding interest) instead of being simple means of exchange of goods. Money has lost its original /reason d'etre/, that was that of a facilitator of exchange of goods, to actually be a holder(and a producer) of "value". If you are interested in this very crucial matter, I recommend you to read the essays of Charles Eisenstein <http://www.ascentofhumanity.com>, in particular, Money, a new beginning <http://www.realitysandwich.com/money_a_new_beginning>, where he discusses a different form of money which does not yield interest(does not increases over time), but much to the contrary, diminishes its value over time. A kind of negative interest rate. Which is to say, a kind of tax on the delay in circulating money; which is called demurrage. This form of depreciation is related to the very fact that the vast majority of goods diminishes its value(they rot, decompose, break, deteriorate, etc.) over time. Money should be no exception. Better said, if money is the exception to that, things like the actual economic crisis inevitably happen from time to time(because the amount of money increases exponentially over time due to interest yields, and the amount of goods and services don't. See also, if you like, Money and the Crisis of Civilization <http://www.realitysandwich.com/money_and_crisis_civilization>) > Maybe I will buy some yuan tomorrow. > > It would be interesting to see which country has the most gold > *including* jewelry. > > Terry > > On 1/4/09, Mauro Lacy <ma...@lacy.com.ar> wrote: > >> Hi All, thanks for the interesting topics and info. As a means of >> reciprocity, here are some predictions, info, and some opinions. >> >> Some are predicting the dollar will end its global status as reserve >> currency(i.e. the dollar will collapse) this year. See >> http://www.marketoracle.co.uk/Article8031.html >> for a very good analysis. >> >> Also worth reading is >> http://caps.fool.com/blogs/viewpost.aspx?bpid=125230&t=01000785550515854591 >> and related links and comments. This comment I'm specially fond of: >> "A gold backed currency would be a good start toward a sustainable >> economic model, but if it involves a central bank, then it is doubtful >> that it will work out in the long run. Politics will drive central >> banking policies just as they do now. If the central bank allows >> fractional reserve banking, even with a gold standard, it will still >> lead to boom and bust cycles in the economy." >> (first comment in >> http://seekingalpha.com/article/112731-will-the-new-gcc-single-currency-include-gold) >> >> >> It seems Planet X/Binary Sun companion as been found! See >> http://www.metaresearch.org/msgboard/topic.asp?TOPIC_ID=770&whichpage=1 >> for an very interesting and entertaining(also extense) reading. >> >> The last posts (page 28) contains photos of Barbarossa and associated >> system. >> (see RA data in page 27) >> >> It's interesting not only for the discovery itself, but also because, if >> true, will cast serious doubts on the validity of Relativity Theory. In >> Joe Keller's own words: >> "The Cosmic Microwave Background often is cited as the main evidence for >> the Big Bang, and moreover for the orthodox version of General >> Relativistic cosmology. So, if the CMB dipole were proven to be almost >> perfectly aligned with a massive solar system body, a psychological door >> would be opened for questioning other facets of orthodox Relativity theory." >> >> >> I don't think Yellowstone will erupt this year. >> I do think that a dollar collapse will have huge implications. Economic, >> political, and social. And they will be global. >> I don't think a new theory will supersede/obsolete Relativity theory(not >> yet, not in 2009). >> >> >> The "issue" with cold fusion(and many other related "aspects"), in my >> humble opinion, seems to be that it forms part of bigger issues that are >> not clearly understood at the moment, and that involve the degree of >> development of the human being in itself. What seems to be escaping from >> replication, consolidation, comprehension, stabilization, formalization, >> etc. are issues that are at the core of our human evolution as (partly) >> physical beings. With the relationship between our physical and >> spiritual beings(higher dimensions, anyone?) being completely >> understood, we will be able not only to produce and control nuclear >> fusion, but to modify, dissolve, form and conform matter at will, and >> all this without help from machines and/or equipment. Several millennia >> will be needed for this to be a reality, if you want a timed prediction. >> >> >> Best regards, >> M >> >> Horace Heffner wrote: >> >>> Richard has asked for predictions for 2009. My prediction for 2009 >>> is that a common thread for the year will be the failure to predict. >>> Prophesies with durations of days, weeks, months, and years will fail >>> in unusual abundance. False prophets will abound, especially in the >>> financial realm. I think it is clear to many people that we are in a >>> regime of instability, financially, socially, and environmentally. >>> >>> The lesson to be taken from this is to prepare as best as possible >>> for all contingencies. This is always good advice, but more so than >>> ever in a time of instability. Prepare to take care of yourself and >>> family, and beyond that your extended family and even neighbors if >>> possible, in the event of major disruptions. The best investment a >>> person can make is 6 months or more worth of food and a means to cook >>> it. This can be done fairly inexpensively using whole grains, dried >>> foods, vitamins, and possibly some canned goods. My prediction is it >>> will be a comfort knowing you can eat for a while if the worst >>> happens, and that at for at least for some increment of time you will >>> not be a burden on your family, neighbors and society in a time of >>> great need. Make a plan. Consider what you will need in various >>> scenarios. >>> >>> Best regards, >>> >>> Horace Heffner >>> http://www.mtaonline.net/~hheffner/ >>> >>> >>> >>> >>> >>> >>> >> > > >
