On the cusp

[Bellcoin]

Scott

You are missing the point of my comments - countries are beefing up there gold, maybe not the USA, they are way too far gone anyway, but others are.

What the Eurozone and USA fear most are the emerging economies. The point is its a heck of alot easier for emerging markets to move closer to a standard of some sorts.

Libya for example - just prior to the overthrow, Ghaddafi was and had indicated the Libya would not be accepting dollars for oil purchases by the US. That would have totally upset the basket!!!

Fiat will cause the collapse of the US dollar BUT not all currencies will collapse,

Another point, Gold and silver are just as easy to manipulate. The past gold standard seems to be to some a panacea to all. Its not. When the dollar was pegged to the gold standard, 40% of each dollar printed was covered by gold reserves not 100%. By returning to the gold standard we peg a currency to something unpredictable and with a very unstable supply. Gold is an artificial yardstick and with such small amounts so so easy to manipulate.

John

[ThomasMueller]

India to pay gold instead of dollars for Iranian oil. Oil and gold markets stunned

DEBKAfile, Political Analysis, Espionage, Terrorism, Security

More and more countries avoid trading in US Dollars. If China pays with gold for oil, this would be the end of the Dollar!

In my view a war with Iran is inevitable!

[ThomasMueller]

Thomas, has Germany's gold been permanently "relocated" (stolen / stored / war compensation) to the USA, or can Germany still claim back all or a portion of her gold?

Everybody who wanted to relocate the German gold failed within a very short period of time and his political career suddenly ended. Funny coincidence? Mass media claimed that these were Nazis and the press didn´t mention these names never again...

Sad to say all German gold located overseas is lost since decades. But these banksters in NY will have no luck in the near future...

[Bellcoin]

Just for interest - Karl Marx:

The quarrel about the ideal standard of money, which began in 1819, was still carried on in 1845 by Sir Robert Peel and Attwood, whose wisdom in so far as it concerns the function of money as a measure is fully summarised in the following quotation:During “the recent discussion between Sir Robert Peel and the Birmingham Chamber of Commerce.... The Minister was quite satisfied with asking the question, ’What will your pound note represent?’ ....What is to be understood by the present standard of value? Is £3 17s. 10 1/2d. an ounce of gold, or is it only of the value of an ounce of gold? If £3 17s. 10 1/2d. be an ounce of gold, why not call things by their proper names, and, dropping the terms pounds, shillings and pence, say ounces, penny-weights and grains?... If we adopt the terms ounces, pennyweights and grains of gold, as our monetary system, we should pursue a direct system of barter.... But if gold be estimated as of the value of £3 17s. 10 1/2d. per ounce ... how is this ... that much difficulty has been experienced at different periods to check gold from rising to £5 4s. per ounce, and we now notice that gold is quoted at £3 17s. 9d. per ounce?... The expression pound has reference to value, but not a fixed standard value.... The term pound is the ideal unit.... Labour is the parent of cost and gives the relative value to gold or iron. Whatever denomination of words are used to express the daily or weekly labour of a man,such words express the cost of the commodity produced.” [6]The hazy notion about the ideal measure of money fades away in the last words and its real mental content becomes clear. Pound, shilling, etc., the names of account of gold, are said to be names representing definite quantities of labour-time. Since labour-time is the substance and the inherent measure of value, the names thus indeed express the value relations themselves.

[Bellcoin]

The whole gold for oil saga doing the rounds is just political procrastination.

War with Iran will not happen - it will create an economic wasteland. Unfortunately this is a situation created by the USA and the European countries. War with Iran will devastate the dollar. NO current or future US president will take the step to declare war on Iran. Europe does not have the b..ls to go it alone. China and Russia will not allow it - mainly China. Furthermore, they are to scared - Iran will retaliate and it will not be nice. This is a well traveled road - North Korea - the same.

If all oil is embargoed - here in the good old RSA we are stuffed. 30%+ of our oil comes from Iran, our refineries are geared to refine Iranian oil. We are not the only ones. I believe there is talk of US pressure on RSA in this regard.

The US and Europe should keep there noses out of other peoples business they have enough of there own internal issues to sort out. Just look at the stuff up in Iraq, weapons of mass destruction, yes and what have they found - zero! Its going to take decades for Iraq to reach stability. All there have done in Iraq is create destruction and a huge fat mess. All they are doing is moving attention away from there own issues.

John

“Anyone who knows anything of history knows that great social changes are impossible without feminine upheaval. Social progress can be measured exactly by the social position of the fair sex, the ugly ones included.”
―

Karl Marx

[lilythepink]

Scott isn't posting?? I am missing his comments.

[ThomasMueller]

The whole gold for oil saga doing the rounds is just political procrastination.

War with Iran will not happen - it will create an economic wasteland. Unfortunately this is a situation created by the USA and the European countries. War with Iran will devastate the dollar. NO current or future US president will take the step to declare war on Iran. Europe does not have the b..ls to go it alone. China and Russia will not allow it - mainly China. Furthermore, they are to scared - Iran will retaliate and it will not be nice. This is a well traveled road - North Korea - the same.

If all oil is embargoed - here in the good old RSA we are stuffed. 30%+ of our oil comes from Iran, our refineries are geared to refine Iranian oil. We are not the only ones. I believe there is talk of US pressure on RSA in this regard.

The US and Europe should keep there noses out of other peoples business they have enough of there own internal issues to sort out. Just look at the stuff up in Iraq, weapons of mass destruction, yes and what have they found - zero! Its going to take decades for Iraq to reach stability. All there have done in Iraq is create destruction and a huge fat mess. All they are doing is moving attention away from there own issues.

John

“Anyone who knows anything of history knows that great social changes are impossible without feminine upheaval. Social progress can be measured exactly by the social position of the fair sex, the ugly ones included.”
―

Karl Marx

WRONG. The Iranians will attack first. It will be a Pearl-Harbor-Like situation. There was an oil-embargo against Japan (before Pearl Harbor), now there is an oil-embargo against Iran. What was then the Pacific fleet WITHOUT aircraft-carriers in Pearl-Harbor are now the aircraft-carriers in the Street of Hormusz and at the Port of Bahrain.

Americans know for 200 years, how to start a war and the other side is in totally guilty:-(

[Bellcoin]

The USA will not start a war with Iran nor will Europe.

If there is to be war - Israel will strike Iran first - to deter the Iranians from continuing to build nuclear weapons - which Iran has, most likely. The results of such actions whether Israel or someone else will be catastrophic. Iran will strike back and we are talking serious devastation.

For some or other reason the West has placed war front and center and negotiations to the back.

Its not rocket science to see that Iranian war is a very very stupid option.

China and Russia have vast interests in Iran and would take lightly to the US or anyone else starting a bombing run on Iran. The USA and Europe are aware of this. Drum beating is about as far as the US and Europe will go.

They all are well aware that an attack on Iran could and might be the trigger the start of a new World War(read up on mutually assured destruction and you will understand why there will be no war), maybe that's not such a bad thing, FIAT money would be blown up!


And finally on this off topic piece: A little piece of factual info:

Ironically, the United States, in 1957, had embarked on a civil nuclear policy with Iran, as part of the "Atoms for Peace" programme.In September 1967, the US supplied 5,545 Kgs of enriched uranium to Iran, the majority of which (5,165 kgs) contained fissile isotopes for fuelling a research reactor, research Iran says it is undertaking, which the US now threatens to bomb. At the same time, the US supplied 112 g of plutonium, of which 104 gs were also for start up for a research reactor.In the 1970s the US supported the building of up to twenty nuclear power plants throughout Iran. Contracts were signed with a number of other Western countries.In 1975, Iran signed a contract with the Massachusetts Institute of Technology (MIT) for training of Iran's nuclear engineers. (ii)Incidentally, Iran ratified both the Partial Nuclear Test Ban treaty of 1963 and the Nuclear Non-Proliferation Treaty of 1968. Israel, another of the sabre rattlers, has signed neither.

Source for this info: Pravda.

"war is a poor chisel to carve out tomorrow" - Martin Luther King jnr

[ndoa18]

Scott isn't posting?? I am missing his comments.

Hi Jan

Sorry but I have made my views known to BoB admin.. I will not be posting here anymore - nothing to do with this thread.

I have found a forum on this subject where there is no compromising influence (like posts being deleted).

Just, in my view, remember to buy physical silver and gold in the downturns.

Kind regards

Scott Balson

[lilythepink]

So sad, Scott. Your points have been so pertinent to those of us who care to know more. You will be missed.

[MrAerospace]

I, too, am missing Scott's posts. Such a pity he has felt the need to withdraw but I respect his decision.

[Pierre_Henri]

1. Originally Posted by lilythepink

Scott isn't posting?? I am missing his comments.


[

Hi Jan

Sorry but I have made my views known to BoB admin.. I will not be posting here anymore - nothing to do with this thread.

I have found a forum on this subject where there is no compromising influence (like posts being deleted).

Just, in my view, remember to buy physical silver and gold in the downturns.

Kind regards

Scott Balson

Lily-the-Pink - are you a man called Jan ?? - I always thought you were of the fairer sex?!

Pierre

[lilythepink]

Lily-the-Pink - are you a man called Jan ?? - I always thought you were of the fairer sex?!

Pierre[/COLOR]

I am a lily (rose) and by any other name am just as sweet!

[Pierre_Henri]

I am a lily (rose) and by any other name am just as sweet!

Good grief Jan - sweet it is !!

[alloway65]

Your absence from the BoB Forum will be missed Scott, many thanks for all your interesting/controversial posts. Take care, David