Surprise...the game is rigged

[SpasticGramps]

Like sheep to the slaughter. ClusterFuckFaceBook.

Facebook shareholders sue company and its bankers over fishy IPO Reuters

Facebook Weighs Possible Listing With NYSE: Sources CNBC

America's most hyped industry looks like a terd, smells like a terd, ......

 

[bombadil.360]

once you see people going off about 'gold standard', it is a sure sign they do not understand anything at all.

for example, the fact that investing in something like 'facebook' is a bad idea because it does not represent any sector of the real-economy, has nothing at all to do with 'gold standards'.

or investing against a stock is as well a bad idea, again, because it does not represent anything from the real-economy, and again, unrelated to gold-standard.

the 'gold standard' has NOTHING to do with any of the issues going on atm.

the issue is that idiots told other idiots that they would back-up their bets against or in favour of whether stocks rise or drop.

idiots telling other idiots that they can invest in imaginary goods like 'facebook' and make real money from it.

all completely un-related to 'gold-standards'.

why you think they decided to print money? to try to honour the promise made by idiots to other idiots that if they invested in imaginary commodities as the ones explained above, that they would make real-money.

if they had not printed that money, all the idiots that invested real money on imaginary commodities, would have lost it all, and the crisis would have been much greater.

they did damage-control the best way they could.

and yet, idiots are still insisting in investing in anything except for real-economy based commodities, i.e: food, clothes etc...

if you do not understand these things, do not discuss anything please, because you sound like a bafoon.

really.

 

[amannamedtruth]

Oh well, too bad they all lost a quarter of what they put in.

 

[HempKat]

once you see people going off about 'gold standard', it is a sure sign they do not understand anything at all.

for example, the fact that investing in something like 'facebook' is a bad idea because it does not represent any sector of the real-economy, has nothing at all to do with 'gold standards'.

or investing against a stock is as well a bad idea, again, because it does not represent anything from the real-economy, and again, unrelated to gold-standard.

the 'gold standard' has NOTHING to do with any of the issues going on atm.

the issue is that idiots told other idiots that they would back-up their bets against or in favour of whether stocks rise or drop.

idiots telling other idiots that they can invest in imaginary goods like 'facebook' and make real money from it.

all completely un-related to 'gold-standards'.

why you think they decided to print money? to try to honour the promise made by idiots to other idiots that if they invested in imaginary commodities as the ones explained above, that they would make real-money.

if they had not printed that money, all the idiots that invested real money on imaginary commodities, would have lost it all, and the crisis would have been much greater.

they did damage-control the best way they could.

and yet, idiots are still insisting in investing in anything except for real-economy based commodities, i.e: food, clothes etc...

if you do not understand these things, do not discuss anything please, because you sound like a bafoon.

really.

The gold standard only came up in reference to a side topic about the economy collapsing and people stockpiling gold for that eventuality. It wasn't really being connected to investing in things like facebook.

 

[bombadil.360]

The gold standard only came up in reference to a side topic about the economy collapsing and people stockpiling gold for that eventuality. It wasn't really being connected to investing in things like facebook.

stock-piling gold is actually exactly the same as investing in facebook.

"oh look, a shiny rock! yeah!!!!"

not a part of the real-economy that produces real value.

plus, all the bitching about U.S stock market is ridiculous; it is the only free market, shit, it is so free that very smart-idiots have convinced the idiots at the low end of the spectrum that gold is a good investment lol... it's funny to see an idiot tell another: "yo! get that gold gangsta, the only real valuable!" retards.

the U.S market is so free people actually are able to tell other idiots that they can bet against a stock rising, exactly like in a horse race, and promise value out of it.

go try that in China...

everyone who participated one way or another in supporting these moves in the U.S market are all guilty of all the shit-storm.

there's no single person to blame... and that is why you see no one in jail for these scams; because if you really wanted to pursue a case against them on an ethical basis, you'd have to take to jail 1/3 of that country.

 

[whodare]

once you see people going off about 'gold standard', it is a sure sign they do not understand anything at all.

for example, the fact that investing in something like 'facebook' is a bad idea because it does not represent any sector of the real-economy, has nothing at all to do with 'gold standards'.

yes investing in facebook was a bad idea. shorting it wasn't.

facebook certainly is a sector of the real economy, ya now with almost a billion users and all...

they lack profit growth potential right now, mostly due to bad advertising methods.

or investing against a stock is as well a bad idea, again, because it does not represent anything from the real-economy, and again, unrelated to gold-standard.

tell that to people who make a living investing...

again certainly part of the real economy.

the 'gold standard' has NOTHING to do with any of the issues going on atm.

mmm sure it does, the government wouldn't be trillions in debt had it been held to the gold standard, or some sort of commodity based currency

the issue is that idiots told other idiots that they would back-up their bets against or in favour of whether stocks rise or drop.

idiots telling other idiots that they can invest in imaginary goods like 'facebook' and make real money from it.

all completely un-related to 'gold-standards'.

interesting analysis, lotta rich idiots out there...

why you think they decided to print money? to try to honour the promise made by idiots to other idiots that if they invested in imaginary commodities as the ones explained above, that they would make real-money.

they print to kick the can down the road and keep their political careers alive.

if they had not printed that money, all the idiots that invested real money on imaginary commodities, would have lost it all, and the crisis would have been much greater.

stock are stocks(ie paper ownership/stock in a company), commodities are are commodities(ie highly valued physical items).

what in the hell is a imaginary commodity?

they did damage-control the best way they could.

and yet, idiots are still insisting in investing in anything except for real-economy based commodities, i.e: food, clothes etc...

if you do not understand these things, do not discuss anything please, because you sound like a bafoon.

really.

they didnt do damage control they just built the levee higher, when that puppy bursts then they will have some real damage control to do.

and yet many idiots are getting rich investing in things other than commodities, just gotta find your niche. you can bet against the market and make money ya know...

they only person sounding less than informed is yourself...



and again gold is just the go to commodity, we could have a basket of commodities backing our currency, and we could let private banks and credit unions create their own backed currencies. competition is key and the fed has none...

 

[HempKat]

stock-piling gold is actually exactly the same as investing in facebook.

"oh look, a shiny rock! yeah!!!!"

not a part of the real-economy that produces real value.

plus, all the bitching about U.S stock market is ridiculous; it is the only free market, shit, it is so free that very smart-idiots have convinced the idiots at the low end of the spectrum that gold is a good investment lol... it's funny to see an idiot tell another: "yo! get that gold gangsta, the only real valuable!" retards.

the U.S market is so free people actually are able to tell other idiots that they can bet against a stock rising, exactly like in a horse race, and promise value out of it.

go try that in China...

everyone who participated one way or another in supporting these moves in the U.S market are all guilty of all the shit-storm.

there's no single person to blame... and that is why you see no one in jail for these scams; because if you really wanted to pursue a case against them on an ethical basis, you'd have to take to jail 1/3 of that country.

Well I'm not sure if I can totally agree with stockpiling gold being the same as buying shares of Facebook. At least with gold there is a track record to look at but I get what you're saying. I was just pointing out though that the whole gold standard sub topic came up in a tangent of the facebook topic and the two weren't really being connected as that seemed to be how you were thinking it came up.

 

[whodare]

stock-piling gold is actually exactly the same as investing in facebook.

"oh look, a shiny rock! yeah!!!!"

not a part of the real-economy that produces real value.

hardly. gold has been, for thousands of years, recognized as a great way to store and protect wealth. what is so hard to understand about that. gold isn't going anywhere...

oh and buying gold, therefore increasing demand, causes mining companies to expand creating jobs and demand for goods, so it certainly does have a place in this ''real'' economy you speak of.

gold for the last ten years

facebook, after a week. which is a better investment? especially when you figure it likely the FED will print more.

plus, all the bitching about U.S stock market is ridiculous; it is the only free market, shit, it is so free that very smart-idiots have convinced the idiots at the low end of the spectrum that gold is a good investment lol... it's funny to see an idiot tell another: "yo! get that gold gangsta, the only real valuable!" retards.

lol our stock markets are hardly free from regulation for either the banks or the little guys.

the fact you would even say that further displays your ignorance.

the U.S market is so free people actually are able to tell other idiots that they can bet against a stock rising, exactly like in a horse race, and promise value out of it.

yea perfectly legitimate its called shorting...

go try that in China...

???????? we arent in china so not relevant.

everyone who participated one way or another in supporting these moves in the U.S market are all guilty of all the shit-storm.

there's no single person to blame... and that is why you see no one in jail for these scams; because if you really wanted to pursue a case against them on an ethical basis, you'd have to take to jail 1/3 of that country.

the stock market will always go up and down. but the government intervention makes the problems last longer and worse then had they just stayed out of the way and let the market readjust...

 

[bombadil.360]

Well I'm not sure if I can totally agree with stockpiling gold being the same as buying shares of Facebook. At least with gold there is a track record to look at but I get what you're saying. I was just pointing out though that the whole gold standard sub topic came up in a tangent of the facebook topic and the two weren't really being connected as that seemed to be how you were thinking it came up.

I understand what you're saying... but I always make the mistake to look at these threads when certain regulars are always posting their "brilliant" takes on the economy... it's like hearing a girl with long nails scratch a class-room board hehehehe... my reply was very general and not specific, my bad though. we could expand on the gold issue; but my woman is making delicious food that I'm getting ready to eat... but let me say that gold is just a hyped up thing just as facebook, with a longer track record as you say since it has been here longer than facebook but hyped still.


whodare, it's always great to see you post, you brighten the day of any trader looking for a fool.

 

[whodare]

funny i dont invest in the market i buy houses and rent them....

so much for me being a fool.

and its too bad you lack the intellect to converse about something as complex as the economy.

all i see in your post is idiot this idiot that blah blah blah.

 

[Mia]

I get your point and I agree but then that argument could be made against any form of currency. It works because we all agree for it to. It is convention.
Yet gold has some important real life valuable chemical properties such as it's good conductivity, reisistance to corrosion, etc.
What shall we do, barter everything? I don't mind the idea, but how practical and efficient would that be?

 

[whodare]

I get your point and I agree but then that argument could be made against any form of currency. It works because we all agree for it to. It is convention.
Yet gold has some important real life valuable chemical properties such as it's good conductivity, reisistance to corrosion, etc.
What shall we do, barter everything? I don't mind the idea, but how practical and efficient would that be?

yea for arguments sake we could say any currency is only worth something if someone is willing to take it in exchange for something else.

the ''gold standard'' is just one way to have a commodity based currency.

a basket of current commodities could be used to shield from wild fluctuations in value and speculation, but gold is always mentioned as it truly is the standard...

think to almost all past great civilizations, what metal was most valued for currency and wealth protection?

 

[SpasticGramps]

]do not discuss anything please, because you sound like a bafoon.

 

[bombadil.360]

gold only has value through hype; once you have bought into the hype, you need to continue it for your investment to have any value.

that's the whole "magic" of gold.

sure, gold has its uses in technology, but if it were not the hyped commodity it is, it could actually be more present in many more technological applications besides shiny gold-teeth lol...

 

[SpasticGramps]

and its too bad you lack the intellect to converse about something as complex as the economy.

all i see in your post is idiot this idiot that blah blah blah.

Wasting your breath bro. He just likes to call people idiots and bafoons and whatever other name he can come up with.

Small on substance, but big on ego.

 

[FlowerFarmer]

gold only has value through hype; once you have bought into the hype, you need to continue it for your investment to have any value.

that's the whole "magic" of gold.

sure, gold has its uses in technology, but if it were not the hyped commodity it is, it could actually be more present in many more technological applications besides shiny gold-teeth lol...

lol

The whole magic of gold?

Well... its real money to start with...not just a paper promise.

It is:
A store of wealth
A medium of exchange
A unit of account

Gold fits these requirements - fiat currency does not.

Its real money.. that is why people have the desire to obtain it. Gold is real money in your hand showing that you've been paid in full...unlike manipulated currencies which is just a tool to transfer the wealth from the working class.

I'm not saying a gold standard would work..

But gold hype? Are you seriously trying to argue with thousands of years of history?

 

[whodare]

Wasting your breath bro. He just likes to call people idiots and bafoons and whatever other name he can come up with.

Small on substance, but big on ego.

Lol I'm more worried about carpal tunnel syndrome. Disco's probably had surgery for it already

lol



But gold hype? Are you seriously trying to argue with thousands of years of history?

Yes, yes he is. He also (from his own words) is pro monarchal rule and thinks the constitution is crap but can't site one specific example.

It's laughable, but sad if he is serious.

 

[DiscoBiscuit]

... and again gold is just the go to commodity, we could have a basket of commodities backing our currency, and we could let private banks and credit unions create their own backed currencies. competition is key and the fed has none...

The National Bank was a monopoly. If you got the charter, you had no competition for as long as the charter was in force.

Do you really imagine there should be competition in national monetary policy? How ya gonna value capital if folks are competing against each other? I sure you rent fine homes but national finance doesn't operate like a free market competitor.


I invite anyone to clear this up if I'm mislead but Ron Paul's gold standard sounds closer to opening the gold window and nixing the transaction tax (so gold can be more freely used as money.)

It's no standard, just and idea to make gold more appealing to trade. The more it trades, the more the price goes up...

... until it doesn't. One may pile it up and secure it nice and tight but it's the $ figure on somebody's piece of paper that says what it's worth. If one buys it for $1500/oz and the paper price dips, so does the real value.

 

[FlowerFarmer]

It's no standard, just and idea to make gold more appealing to trade. The more it trades, the more the price goes up...

... until it doesn't. One may pile it up and secure it nice and tight but it's the $ figure on somebody's piece of paper that says what it's worth. If one buys it for $1500/oz and the paper price dips, so does the real value.

Does it?

If gold purchases the same amount of goods at $1500 USD value as it does at $1100 has it really lost "value". The gold hasnt changed - its preserved purchase power. The dollar has fluctuated against gold. At $1500 the dollar buys less gold then it did at $1100.

Its not about the manipulated paper value of gold - its what it can purchase. Gold doesnt really go up/down in a sense.. it merely accounts for the amount of dollars in circulation chasing it.

My $1500 gold can go to $500 for all care provided it still purchases the same amount of goods. $500 gold would mean that the USD is strong as ever and could buy a lot more items.

The same can be said about any object valued in a manipulated fiat currency.

But I'm referring to the monetary adjusted price of metal based on how much money is out there. Obviously they can overshoot in either direction during their price moves.. This is why one must do their research before buying at higher un-supported prices created by the paper market. That higher price ($1900 gold / $49 silver) only existed because traders drove it up before taking profits. Un-wise to buy when their positions are loaded.. safer to buy when paper volume is low.. such as NOW in silver.

 

[monkey5]

Here is one you will like!

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