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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST

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To: carranza2 who wrote (76371)7/15/2011 12:22:25 AM
From: Maurice Winn1 Recommendation  Read Replies (1) of 218083
 
Ron Paul vs Big Ben <I agree with the Pater Horribilus, BB looks unstable.I will find the video of RP's questions to BB. Tell me which one looks a bit unhinged.
> youtube.com

Actually, Ron Paul was the less persuasive and more entrenched in a mindset, if not unhinged. Are you sure you aren't becoming like a CO2 Alarmist? They become very mindset bound. True believers in things become very cultist. One must always be alert lest one turn into a cultist without realizing it.

Ben was right. Gold isn't currently currency and the Fed has made profits from the loans to banks, as has Warren Buffett in his funding of Wells Fargo for example in competition with the Federal Reserve. I admit to being pleasantly surprised that Big Ben's loans made the Fed loads of profits.

As Ben said, gold is tail risk insurance, not money. It is not currently currency. Currency sits in pockets and is handed over daily for supplies. Nobody is carrying gold to go shopping. There is a small coterie of bare bum atavistic Aztecs prancing around waving their little gold talisman, chanting imprecations to mysticism.

Mqurice
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