Garimpiero's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/222122/comments http://seekingalpha.com/article/108313-venezuela-looms-large-in-gold-reserve-s-slide?source=feed#comment-317826 317826 Sun, 30 Nov 2008 21:03:55 -0500 http://seekingalpha.com/article/83772-vietnam-suspends-gold-imports-follows-fdr-s-great-depression-lead?source=feed#comment-199040 199040 note for "pounds" (of what?) they had changed their currency and it was in fact now worthless (a market does exist on Ebay, however- the notes feature the inventor of the steam engine, who deserves a lot more credit than the Queen)
However, at the same time it is inconsistent in its application- the Federal Reserve Note is supposed to be legal tender for all debts public or private, and yet there are a number of areas, some under direct government control, such as at airports, where the use of cash is prohibited- try buying a ticket there with cash, for example- at least two airlines now refuse to accept cash for drinks on board- a credit card must be used. This fact would seem a legitimate defense if one were to demand other than cash for something owed:if government can decide capriciously when its own laws do or don't apply, the individual is entitled to the same - I recommend to anyone Andrew Dixon White's presentation before Congress, Fiat Money Inflation in France,* which mentions that very issue at the time of the French Revolution. Even as people tried to find ways to protect themselves against raging inflation (caused by deficit spending, just as in today's USA) the government imposed ever more Draconian measures, declaring in the end that requesting payment in other than the official currency subjected the individual to the death penalty.]]> Sun, 06 Jul 2008 01:52:32 -0400 note for "pounds" (of what?) they had changed their currency and it was in fact now worthless (a market does exist on Ebay, however- the notes feature the inventor of the steam engine, who deserves a lot more credit than the Queen)
However, at the same time it is inconsistent in its application- the Federal Reserve Note is supposed to be legal tender for all debts public or private, and yet there are a number of areas, some under direct government control, such as at airports, where the use of cash is prohibited- try buying a ticket there with cash, for example- at least two airlines now refuse to accept cash for drinks on board- a credit card must be used. This fact would seem a legitimate defense if one were to demand other than cash for something owed:if government can decide capriciously when its own laws do or don't apply, the individual is entitled to the same - I recommend to anyone Andrew Dixon White's presentation before Congress, Fiat Money Inflation in France,* which mentions that very issue at the time of the French Revolution. Even as people tried to find ways to protect themselves against raging inflation (caused by deficit spending, just as in today's USA) the government imposed ever more Draconian measures, declaring in the end that requesting payment in other than the official currency subjected the individual to the death penalty.]]> http://seekingalpha.com/article/83772-vietnam-suspends-gold-imports-follows-fdr-s-great-depression-lead?source=feed#comment-198651 198651 Fri, 04 Jul 2008 14:17:54 -0400 http://seekingalpha.com/article/83772-vietnam-suspends-gold-imports-follows-fdr-s-great-depression-lead?source=feed#comment-198639 198639 As for "helping" with low interest rates, the road to hell may, as it is said, be paved with good intentions, but there is no reason to assume that the Fed's intentions are anything but self serving- do you think they are extending credit for free? In exchange for their largesse, they, and not the "people" now own, through SDR's what we like to think of as "the nation's gold in Fort Knox- or wherever it is now being- what is the word- hoarded (!!!). What they are really after is controlling every significant aspect of the economy.]]> Fri, 04 Jul 2008 13:50:33 -0400 As for "helping" with low interest rates, the road to hell may, as it is said, be paved with good intentions, but there is no reason to assume that the Fed's intentions are anything but self serving- do you think they are extending credit for free? In exchange for their largesse, they, and not the "people" now own, through SDR's what we like to think of as "the nation's gold in Fort Knox- or wherever it is now being- what is the word- hoarded (!!!). What they are really after is controlling every significant aspect of the economy.]]> http://seekingalpha.com/article/83772-vietnam-suspends-gold-imports-follows-fdr-s-great-depression-lead?source=feed#comment-198625 198625 It is interesting that Communist Vietnam has not so far tried to confiscate the people's gold, though they too have resorted to the false charge of "hoarding" (what is one supposed to do- sit there as the Central Bank inflates its ass off?) Perhaps the government realizes that people who so recently threw off the yoke of imperialism may not take kindly to such transparent trickery and take up arms again. Americans, who have even allowed their firecrackers to be confiscated on the Fourth of July, appear pretty tame!
]]> Fri, 04 Jul 2008 13:26:43 -0400 It is interesting that Communist Vietnam has not so far tried to confiscate the people's gold, though they too have resorted to the false charge of "hoarding" (what is one supposed to do- sit there as the Central Bank inflates its ass off?) Perhaps the government realizes that people who so recently threw off the yoke of imperialism may not take kindly to such transparent trickery and take up arms again. Americans, who have even allowed their firecrackers to be confiscated on the Fourth of July, appear pretty tame!
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