Surprise...the game is rigged

[whodare]

Got anything other than YAAAAAY!

Lay out your pros, I'll lay out the respective cons.

Or you may continue to punt.

Or we may move on, as personal bickering suggests you're done with pros and cons of gold currency.

lol, selective amnesia?

never mind the few weeks i spent posting plenty of pro's and con's.

never mind pages and pages of well reasoned, logical, fact based arguments that lay out why the gold standard is important, how government intervention in the economy skews markets, stimulates mal-investment, and causes the business cycle of boom bust.




as here, all you offered there was the same old crap. thinly guised insults to people's intelligence, off topic nonsense, conspiracy theories. basically you lack substance where ever you post.


i listed a few pro's a while back anyway, im still waiting on the con's.

 

[mrcreosote]

All things considered, I think I could get much more of what I wanted with some silver shekels to barter than I could with a goat.

Much easier to carry too.

 

[DiscoBiscuit]

lol, selective amnesia?

never mind the few weeks i spent posting plenty of pro's and con's.

Obviously not enough to reference a single one here.

never mind pages and pages of well reasoned, logical, fact based arguments that lay out why the gold standard is important, how government intervention in the economy skews markets, stimulates mal-investment, and causes the business cycle of boom bust.

Let's back up and regroup. You show me the pro(s) and I'll show you the respective con(s).

as here, all you offered there was the same old crap. thinly guised insults to people's intelligence, off topic nonsense, conspiracy theories. basically you lack substance where ever you post.

You said I'm lost about gold currency. Time to put up or deflect.

i listed a few pro's a while back anyway, im still waiting on the con's.

Can you make that real-time or are you perpetually historically referenced?

 

[SpasticGramps]

Larry Kudlow and Zero Hedge - I consider these guys more agenda oriented than objectively informative.

Larry Kudlow is a corporatist stooge. I have to say every time I lay out the economic reality of the global bond market you brush it off with some mention of ZeroHedge. I came up with these conclusions long before I even knew what ZeroHedge was. Greece was blowing up way before I knew what ZeroHedge was.

All I had to do was follow the math to the logical conclusion. It's history and economics not Larry Fucklow and ZeroHedge.

Instead of some glibb response attacking sources that if didn't exist would have 0 effect on how I look at the (rigged) bond market I'd be more impressed if you debunked the economic argument.

 

[Yes4Prop215]

yep i figure getting good at gardening, hunting, gathering, preserving, hiding, construction are all priorities.

land, cigarettes, booze, and weed, plus a good supply of pharmaceuticals would be a good place to start for physical investments...

yea thats the route im taking...i might put like 5k into IRA or ROTH or something just in case the world economy doesnt collapse...

but ive already invested in my bugout property far away from the cities..plenty of guns and ammo, need to buy more ammo actually. i want to get a nice stash of prescription medication like vicodins and other stuff that will be very important for SHTF...not too concerned about food because i can always shoot animals..but random tools like chainsaws, knifes, water storage, etc...things people will need.

not trying to turn this into a preppers thread..

getting back on track...what are any possible good stocks to look at my pops keeps yappin about "procter and gamble"..

 

[FlowerFarmer]

I wouldn't gamble in the stock market and think anyone "investing" in the market is due for some losses if they are not careful.

Its a traders market... Its not about picking the stock.

Spot the direction of the move as soon as the markets open.. Take quick profits and get back out of the position. I wouldn't keep any positions open at the end of the day...better yet if its not making gain within the 1st 15 minutes of you owning the share - exit the trade. It's better to get out at a small % loss then it is to ride it down further.

 

[DiscoBiscuit]

Physical gold/silver has no counter party risk.

What were the cons again?

Its a mathematical certainty that the fed will continue to devalue the USD - they have no other choice. Gold will continue to account for this currency expansion. It is THE hold for protecting one's purchasing power.

I'd be interested in hearing your cons on holding physical gold.

Deviation of the gold standard argument to a personal holdings argument. If you want me to pull a worm from the gold standard apple, don't hand me an personal holdings orange. What you personally hold is no reflection of monetary standard.

 

[DiscoBiscuit]

That's it. Who cares about relevant rebuttal, click the anonyrep button. That'll show 'em.

 

[FlowerFarmer]

I didnt neg rep you...

but through out all of that senseless arguing I still didn't catch your gold standard argument...I saw the arguing part, but really didnt piece together either of your guys' points.

I was merely offering my opinion of gold holdings. I can certainly see why governments wouldn't want honest money interfering with their paper scheme though. Its a lot easier to transfer the wealth in a fiat currency standard.

 

[Stoner4Life]

Farcebook loses 8.9% today closing at $31.00.......

 

[DiscoBiscuit]

I didnt neg rep you...

but through out all of that senseless arguing I still didn't catch your gold standard argument...I saw the arguing part, but really didnt piece together either of your guys' points.

That's because, "I'll point out the respective cons" part didn't get any pros to con. It got bickering that lasted several pages.

I was merely offering my opinion of gold holdings.

Oh, ok. Could have sworn I read something to the effect of, "where's the con." Thanks for straightening me out.

I can certainly see why governments wouldn't want honest money interfering with their paper scheme though. Its a lot easier to transfer the wealth in a fiat currency standard.

It's pretty easy to trade no-delivery commodities. Trades look like buys on paper. Trades influence the value just like buys. Trades that don't take delivery don't effect supply and demand.

Gold value used to depend on the strength of the dollar vs international currencies. We don't do that anymore as traders keep the volume of activity high enough to resist strong dollars. Pretty soon a major adjustment will make former dollar fluctuation seem miniscule.

 

[joe fresh]

whats facebook?

 

[headband 707]

Of all the things you can put your money into I would say Facebook is not the thing,, find somthing better then "Facebook" to invest your cash into this world today.. stay safe headband 707

 

[ronbo51]

Spain creeps closer to the edge. Every bank in Spain is insolvent. When it cannot be hidden anymore you will start to hear talk about Zantander, the powerhouse Spanish financial giant that is the holder of the bag. Capital is fleeing the Eurozone as fast as it can be gathered and withdrawn. Even CNBC Government buttboy Jim Cramer sees bank runs. Portugal cannot write down its losses like Greece could. It could happen today, tomorrow or next week, but sometime very soon the financial world is going to freeze up into a comet of shit and ice and slam into the earth at high velocity. All the debt that the Governments have run up and all the debt that the banks have used as collateral for even more debt, and the insurance instruments that were written against those debts will crash and every retirement fund, pension, 401K, money market, IRA, bond fund, everything, everywhere will cease to exist. Just get out. Get out of every entanglement you can. Maybe, if we can make it that far, a new administration and Congress will have the courage to do what needs to be done. I doubt it, but barring that we are truly and irrevocably fucked as the gathering tsunami barrels towards us and our hundred trillion dollar debt.

 

[Luv-U-Long-Time]

I'd be curious to know just how many stocks,besides the 'trust me' 401k's, any of the naysayers here have ever actually purchased.I have a sneaking suspicion.

Not an endorsement of FB in any way,they waited too long to go public to make any real money on the offering.

 

[SpasticGramps]

If sheeple butcher Jim Cramer is talking about bank runs then it's on. I've heard a lot of talk of bank runs on CNBC and bloomberg the last few days. It's been going on for 3 years now, but since it's recently accelerated they now have to talk about it.

He who leaves the ponzi first leaves it best.

Facebook, Facefuck, Fuckbook, Clusterfuck traded down at $30.80 in afterhours yesterday. The company itself raised 6.58b in the IPO so not too bad for them. This thing is a terd along with the rest of the social media shit. In 90 and 180 days the market will be flooded with even more FaceFuck shares taking this thing lower.

Congrats to Morgan Stanley and the Nasdaq who are now being sued and investigated for fucking everything up and insider trading on the FB IPO.

Oh, and on another note that $2bil blow up loss that JPMorgan had will turn into and $8bil loss. It's already be marked up to 4. I'm saying it goes to 8bil.

All in all totally confidence inspiring for the market in general. /sarc

Cockroaches everywhere.

 

[HempKat]

When I read this thread it makes me kind of happy I can't afford to invest.

 

[SpasticGramps]

When I read this thread it makes me kind of happy I can't afford to invest.

You aren't missing much in the equities market bro. I personally don't have the balls or time to trade this market. If you can front run the FED and other central bank interventions each time we approach the abyss (like Europe is now and how we have been for each of the past 3 years) then you can make a killing on the amount of liquidity (fiat toilet paper) being pumped in. But you can get your ass smoke too. Just ask Mr. God Jamie Dimon.

Madoff's (he couldn't have a better name) victim's are wishing they didn't have the money to invest in his garbage either.

But the reality is everybody is investing in something that they perceive to be the future. Cheer to you for investing in self sustainability for whatever reason.

The ying and the yang (ie there is always two sides to any trade).

 

[junior_grower]

I have never suffered a major loss yet. I average a return of 12% per year, I invest in things I know and understand. The market is a great place to make money, and to lose, be smart about it. There is a conspiracy here to make money any way possible, they want your money you want there's.

 

[SpasticGramps]

I have never suffered a major loss yet. I average a return of 12% per year, I invest in things I know and understand. The market is a great place to make money, and to lose, be smart about it. There is a conspiracy here to make money any way possible, they want your money you want there's.

No doubt bro. Equities are a great place to make money (nominally, of course). It's all about who can hedge the markets to their benefit.

There is no conspiracy IMO. It's all natural law. The millennium long, never ending search for solid yield.

Survival of the fittest.