lorne, time for my off-the-wall comments. A real lolo of a doozer this time.
What if everyone and everything could be frozen in time. Really.
Except for a bunch of bookkeeping and accountants that are able to look at
each country on planet Earth and take a snapshot of all books and inventory
and money and wealth and whatever has current value. Something like each
company will hire a firm to do up a report of its financial condition so
that it can be mailed to stockholders. But this time its for each country.
Enter each country and determine its worth in USA dollars at the rate of
exchange for currencies at the time when Earth was frozen.
Below in this post are stuff from Hutch and Ron, but I question some of it
as being correct, as in legitimate because for example the exchange rates
for currencies are being made based on speculation of traders to out guess
the other traders to make money. Also, each country will buy and sell this
paper money to cause ups and downs for political reasons. Seems to me that
this highlights the absence of a real control like a gold standard would
accomplish, and lets a game of chicken and gamble and guessing and doing
things like printing money in the HOPE that it will cause something to happen
that will not on its own because of a lack of a solid base for support.
So without a gold standard, the worth of each countries value is determined
by politicians trying to get re-elected, or in President Clinton's case,
trying to get a record of last months in office to shine bright when the
history books are written in a couple years. Also, power plays and big
money plays by people who already have power and money and now NEED to obtain
more so that they can impress others AND "show" THEMSELVES that they are of
good stuff and highly successful. These folks I have just mentioned have
very twisted and sick and poor mental health problems. They also are the
ones who decide this Earth's political and financial happenings.
The following are Hutch's and Ron's lastest gems of wisdom.
Reminds me of the following.
- wanta buy the Brooklyn Bridge
- trick questions
- giving directions by looking that way and pointing the opposite way
- (specific) Ron says that its the government job to determine what is and
is not correct, as in money matters. Implied by Ron is that even if the
government does a poor or stupid job, we the people must not interfer.
- finally, i wish Ron and Hutch would understand the difference between
the following: gold to regulate and control the money supply,
verses, gold is money. Sure would lessen a lot of nonsence posts.
Can't currency, which does have a growth factor, outpace GOLD;
and thus gold must fall relative to it? (Hutch)
How can gold be a proper currency if all you expect banks to do is buy
more and more of it, store it, and never sell it??
Integrity in finances comes from having the appropriate regulatory
monitoring policies in place that bring transparency to banking
transactions, not having a shiny yellow metal locked up in vaults that
never see the like of the public eye. (Ron Reece)
Suffice it to say that if nation's sell illiquid physical gold assets in
order to purchase other nation's currencies, or to buy their currency
back from other nations, it is in their interest to do so.
The can always mine more gold (ie: create more "money"), right? (Ron Reece) |
