All that glitters is NOT gold

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Reply Fri 27 Nov, 2009 03:57 pm
A well liked metaphor.
But in this context I mean it quite literally.

Read the article at slowsmile

Quote:
Evidence mounts that as many as 1.5 million 400-oz gold bars were replaced at Fort Knox during the Clinton Admin with tungsten bars covered with a thin gold plate. This was a complex metallurgical feat, from what is told. The first 'salted bars' were discovered in Hong Kong a month ago, reported by the Hat Trick Letter. Since that time, tens of thousands of bars have been examined


an extract from
Dark Skinny


And then panic or sneer and mutter 'conspiracy theorist' under your breath as you see fit.

How deep is the rot?:shocked:

also from www.gather.com
ORGANIZED CRIME'S "TERRORIST" BANKING BRINGS... | Gather
[QUOTE]"$$$ THE BIGGEST GOLD CRIME STORY OF THE CENTURY MIGHT BE SOON COMING TO FULL LIGHT. EVIDENCE IS BEING ACCUMULATING THAT THE CLINTON ADMIN WITH RUBIN AT USDEPT TREASURY REPLACED PERHAPS THE ENTIRE CONTENTS OF THE FORT KNOX GOLD WITH TUNGSTEN BARS PLATED BY GOLD. THE SALTED GOLD BARS ARE FASTING BECOMING A GLOBAL CRIME ISSUE. HONG KONG DISCOVERED THEM, AND NOW ASSAYERS ARE TRYING TO AUTHENTICATE MOST OF THE GLOBAL GOLD HELD IN BANKS. ENTIRE NATIONS ARE AT RISK. BEFORE LONG THE USGOVT COULD BE DECLARED A ROGUE NATION INTERNATIONALLY.
...
My view is the story is not only credible, but it is the climax to the US financial collapse. In time the United States will be isolated, declared a Rogue Nation, unable to fund its debt except with monetization, whose leaders and former leaders face international prosecution. The resulting inflation will undermine the US Dollar to the point that it will not be accepted.

$$$[/quote]
:Not-Impressed:
 
IntoTheLight
 
Reply Fri 27 Nov, 2009 04:41 pm
@Poseidon,
Assuming everything you said is true, what do you propose be done about it?

-ITL-
 
Poseidon
 
Reply Sat 28 Nov, 2009 10:06 am
@Poseidon,
Use an energy standard.
Energy is the most vital commodity there is, just about.

All paper money would have to be backed up by electricity or oil.

This will massively inspire people to generate their own power using renewable sources like wind and sun.

(credit for the idea of energy as money should go to Sid Meier of Firaxis)
 
VideCorSpoon
 
Reply Sat 28 Nov, 2009 11:51 am
@Poseidon,
A few points.

a) the United States has not been on the gold standard since 1933 and completely since 1971. In fact, there is no government currently in existence that is on the gold standard. So why should the US government of all organizations "supposed to be" on the standard to begin with?

b) gold and tungsten have a variation in mass. Basically, if you put two similar sized bars of "gold like material" next to each other, one of solid gold and one of gold plated tungsten and equated them... the gold would be heavier. The weight would exponentially increase in the varied amount of gold/gold-plated tungsten weighed. Would this mean that the people being duped (Asians in particular since they are the target of this gold scam) would not especially pay attention to this fundamental fact and weigh the product they were buying?


It's funny because in all of the conspiracy theories, no one ever really addresses the gigantic, whale sized "conspiracy" going on with the production with excess currency supply. It's on the news everyday.

VideCorSpoon;50056 wrote:
http://i41.tinypic.com/24oaufr.png

 
Kielicious
 
Reply Sat 28 Nov, 2009 12:40 pm
@Poseidon,
Poseidon;106622 wrote:
..America will have no choice but to go into default and be declared a Rogue Nation..



I dont think Sarah Palin would mind this at all...
 
xris
 
Reply Sat 28 Nov, 2009 12:55 pm
@Kielicious,
The real story of gold and the horrors it can tell , small Swiss commemorative coins issued in the sixties, subsequently found to contain large amounts of mercury..It transpired the gold was from Jewish victims of the holocaust, taken from their teeth fillings and paid to the Swiss bankers for war debts.
 
Poseidon
 
Reply Sat 28 Nov, 2009 03:52 pm
@Poseidon,
Well vid, as the paper-standard crumples, the going argument seems to be a return to the gold standard. I propose energy, as this can be used and generated and would be a catalyst to promote clean energy.

Any transaction requires a certain amount of faith in the honesty of the other; so trying to blame the asians for not weighing the gold they bought is to blame the victim.
 
IntoTheLight
 
Reply Sat 28 Nov, 2009 04:30 pm
@Poseidon,
Poseidon;106702 wrote:
Well vid, as the paper-standard crumples, the going argument seems to be a return to the gold standard. I propose energy, as this can be used and generated and would be a catalyst to promote clean energy.


Since energy is an intangible substance, how could it possibly measured?

Also, how would energy be exchanged?

Also, where would the energy be stored?

Also, what about individual consumers who can't generate energy in significant amounts? Would they have any voice in this system?

Also, how could the supply ever truly be calculated?

Let's start with that.

-ITL-
 
VideCorSpoon
 
Reply Sat 28 Nov, 2009 04:53 pm
@Poseidon,
Poseidon;106702 wrote:
Well vid, as the paper-standard crumples, the going argument seems to be a return to the gold standard. I propose energy, as this can be used and generated and would be a catalyst to promote clean energy.

Any transaction requires a certain amount of faith in the honesty of the other; so trying to blame the asians for not weighing the gold they bought is to blame the victim.


The problem is that the argument is faulty. As amazing as it sounds that America will be turned into a "rouge nation," the gold standard could never again be implemented within the framework of modern economies. One very simple reason is that supply is quite a bit less than demand. Suppose tomorrow that all of the world switched to the gold standard. What then? Gold supply is much much much less than the demand required to back all the worlds currency. You would have to recall trillionsmad
 
 

 
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