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Thread: MONEY MADNESS (various split off ozmirage posts and replies thereto)

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    United States Avalon Member ozmirage's Avatar
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    Default Re: Split thread from the Hyperlending thread

    MONEY MADNESS
    =\=\=\=\=
    Money madness is the indoctrinated belief that money tokens have intrinsic value independent of the marketplace of goods and services.

    To illustrate the disconnect between reality and the abstraction of money tokens:

    http://www.federalreserve.gov/faqs/currency_12773.htm
    ● Q: How much U.S. currency is in circulation?
    ● A: There was approximately $1.45 trillion in circulation as of April 6, 2016, of which $1.4 trillion was in Federal Reserve notes.
    ● (Computes to roughly $4,312.50 per capita in circulation)

    https://en.wikipedia.org/wiki/Financ..._United_States
    ● ". . . The financial position of the United States includes assets of at least $269.6 trillion and debts of $145.8 trillion to produce a net worth of at least $123.8 trillion."

    http://neo.jpl.nasa.gov/neo/resource.html
    ● NASA has estimated the mineral wealth of the entire Asteroid Belt could be as much as $700 quintillion, or a seven followed by 20 zeroes. That’s $100 billion for every one of the 7 billion people on Earth!

    =\=\=\=
    How can you believe measurements that exceed the known total of circulating monies?
    $1.4 T in circulation versus $145.8 T in debt versus 123.8 T “net worth.”
    Isn’t that INSANE?
    $1.4 T in circulation versus $700 quintillion estimated “dollar value.”
    Are we not mad?

    What’s really reality: the actual sum of property, goods and services - or - an arbitrary value and sum of money tokens ?
    =\=\=\=

    If Amancio Ortega, Carlos Slim Helu, Warren Buffet, Bill Gates, and a consortium of other billionaires walked into the offices of the largest bank on the planet, and asked for a loan of 20 trillion dollar bills with which to fund mining asteroids worth 300 times that value and were more than willing to pay 15% interest, the bank would have to decline.
    WHY?

    The.Money.Does.Not.Exist.
    Last edited by ozmirage; 24th October 2016 at 15:23.
    The secret of life is that there is no secret of life.

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    Foxie Loxie (24th October 2016)

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    Canada Avalon Member Ernie Nemeth's Avatar
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    Default Re: Split thread from the Hyperlending thread

    I feel your frustration, and share it to the degree my uneducated mind can extend.

    Nothing has value until someone intends to possess it.

    The Milky Way Galaxy is worth 22 googolplex squared dollars, if a buyer could be found - or invented...

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    United States Avalon Member ozmirage's Avatar
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    Default Re: Split thread from the Hyperlending thread

    Quote Posted by Ernie Nemeth (here)
    I feel your frustration, and share it to the degree my uneducated mind can extend.

    Nothing has value until someone intends to possess it.

    The Milky Way Galaxy is worth 22 googolplex squared dollars, if a buyer could be found - or invented...
    And don't forget the creation of the 22 googolplex squared dollars.
    The secret of life is that there is no secret of life.

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    Ernie Nemeth (24th October 2016)

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    United States Avalon Member ozmirage's Avatar
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    Default Re: The Fed is not just "printing money into hyperinflation" ... it's worse than that. It's Hyperlending.

    Quote Posted by AutumnW (here)
    Gold has done a fairly good job of rising in price with inflation....
    Not really.
    Gold is a bargain at current spot prices.

    On 10/24/2016, consider that $1,265.40* / troy ounce is the spot price for gold. (*Federal Reserve Notes, that is)

    Based on the Coinage Act of 1792 - - -
    Double Eagle = coin containing 0.9675 ounce (troy) of gold bullion and other alloys. Equivalent to 20 unit dollars.

    World supply of gold bullion (est) 5.9 billion ounces.
    https://en.wikipedia.org/wiki/Gold
    183,600 tonnes x 32151 =5,902,923,600 troy ounces
    If coined, pursuant to the Coinage Act of 1792, would compute to
    ● 122,024,260,465.11
    ● $122 billion dollars
    - - - -
    Coining all the gold bullion allegedly in Fort Knox Depository (147.4 million ounces) comes to approximately
    ● $3.05 billion dollars; or
    ● $9.45 per capita
    - - - -
    Gross Domestic Product
    GDP $18.561 trillion* (2016)

    Ignoring the velocity of money, how much would prices need to fall, if the GDP was to be traded with only 147.4 million ounces of gold, stamped into coin ($3.05 billion).

    $18.561 T (FRNs) / $3.05 B (dollars)
    18.561 x 10^12 / 3.05 x 10^9
    6,085.57
    or roughly 6,086:1 devaluation.

    0.9675 ounce (troy) of gold bullion is equivalent to 20 unit dollars.
    0.9675 / 20 = one dollar (in gold)
    Therefore, 0.048375 ounces of gold bullion is thus equivalent to $6,086 in federal reserve notes (no par value), in relation to the GDP.

    So until gold hits $125,808.78 (FRNs) per ounce, it's a fantastic bargain.
    However, as a potential worldwide medium of exchange, it still tanks.

    http://www.worldometers.info/world-population/
    As of 1/29/2015, there are 7,398,289,733 people (est)
    Thus when the world supply of gold is divided among 7.4 billion people, computes to
    ● $16.49 per capita
    The secret of life is that there is no secret of life.

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    Default Re: The Fed is not just "printing money into hyperinflation" ... it's worse than that. It's Hyperlending.

    Ozmirage,

    I bought in about 10 years ago. I figure around 12 or 13 years ago it was about 400.00 per oz. Correct me if I am wrong here. From there it has tripled in price. Do you think prices, over all have more than tripled in price? Take food, for example..are you paying over 3 times what you paid in 2003, 2004? In Canada I think I am paying over double and it could easily be triple. Take housing now --- very dependant on location. So can't do that one!

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    Default Re: Split thread from the Hyperlending thread

    But a flick of a switch, for our intrepid banksters

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