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The Forum > General Discussion > Drunken Ben Bernake Finally Tells the Truth.

Drunken Ben Bernake Finally Tells the Truth.

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The thread is clearly satire and well done too
Posted by Belly, Friday, 5 August 2011 1:25:59 PM
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glad you think its funny mr bell
clearly you have collected your super
and dont hold shares in the stock gambling dens

ie..thge 4% fall today
that lost 50 BILLION
TODAY ALONE

in australia alone

added to the fall from yesterday..plus the day before
that has in 3 days lost away 100 billion..
of compulsory super contributions
sukked from the workers purses
by keating/howard

yes its funny mate
we can all see the joke
but mate if you had a penny in the game
you would be on your knees praying...that black monday wont come

well mate your safe
but what about your kids super
good money stolen from their wages
to be gambled away by fools thinking they can get their free lunch
plus eat yours too

ps mate
have you heard of a thing called
a margin call...?

seems if you borrow on stocks
and they go down
you need to put up the difference
[so first gold goes down...then the other assets
get sold off to pay the bankers back the money you lost]

[you is used in the generic sense]
seriously mate..i hope you dont get burned
as for the kids super...well mate..thats now worth much less

yep funny as heck

that will teach them....right?
Posted by one under god, Friday, 5 August 2011 6:06:52 PM
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If all currencies "float" and the most important thing is earning/spending more than the Jones', then sooner or later it becomes obvious that currency has been decoupled from what gives it value.

Maybe we should have taken OUG's advice and stockpiled metal coins.

How about it OUG? Swap you a pre-war florin for 24 pennies.....

Rusty
Posted by Rusty Catheter, Friday, 5 August 2011 10:07:35 PM
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rusty it much depends on if its a pre/war 2..florin
11.31 grams @.925 fine sterling silver

or post ww2..
11.31 grams..containing 50% silver

plus what years the pennies
24 times 9.45 grams of copper

going by the mint numbers
if its not 59 or 55..with mint numbers 1.7 mil and 6.3 mil

from 1948 to 64..has too high a mintage
in double figures to hold collectable value.

.[and as for smelt values..
id still hold the 24 coins over the florin]
unless it was pre ww

i have 20 pounds of copper one and two cent pieces
naw come to think of it postage is a bit much
[i prefer not to use my mint stamps]

anyhow we look forward to black monday
and hope that red tuesday dont happen
then black and blue wed might'nt either

anyhow if/when the bubble bursts
its important govt seize assets
and keep the workers getting their pay

then recoup the plunder..of that mob
who on xmass get bonus..that seemingly never fails

anyhow cheers eh
i cashed in my shares a bit early
but that was better than cashing them too late

swings and roundabouts
there is still 30% more to go
would that be..better..like a bandaid..[ie do it quick]

or rip it out bit by bit?
Posted by one under god, Saturday, 6 August 2011 12:20:10 AM
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its only paper...costing 7 cents each
regardless of face value..for the mint to print

if ursury didnt cause hyper inflation..
[by demanding govt pay them intrest]...the fed of itself
can print all the fiat 'money'..the market could ever need

but then the world would be flooded with worthless printed paper
[ya gotta love inflation]

the swiss seem to be bying up big..on us dollars
[to put it back into their vaults?]

noting one invester years ago
reported his silver dollars in a 'safe deposit box'
has been taken..leaving crips dollar [fiat]..notes...[and his investment was gone]

could the swiss have leveraged the us..fiat paper'$

i advise people to hold ACTUAL shares..
or actual silver/gold etc...cause with online trading..
all you buy is a promise...from the international house of settlements

who trade the shares..on tic
[see they mortgauged the actual shares to get their 800 billion mortgauge]..so the best they can offer is a share of their limited shares..[cause they dont got the shares they claim
their mortgagee does]

anyhow
intresting times eh what?
Posted by one under god, Saturday, 6 August 2011 12:20:56 AM
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kaman it is not too stupid for words that the central banks are piliging economies by artificial debt creation.There are many who agree with me.Just for a moment consider the process.The Central Banks and the IMF create billions in their computers and loan it out as debt.This depreciates the peoples' currency.So they are stealing from the people through inflation and charging the people for the loss of spending capacity.You say it is incorrect but offer no argument.

In 2008 the IMF created one trillion dollars from nothing and expressed it as debt to the poorer economies of europe.It was nothing more than counterfeiting only these counterfeiters will eventually get back more than 3 times the amount they have stolen from the people.

The US Federal Reserve has created $ trillions from nothing and loaned it out to institutions around the planet.Much of this money has ended up in the phoney derivative market.When that collapses we will see hyper inflation all around the planet.No one really knows how much the derivative market is worth.Some say $ 150 trillion.If this collapses there will be carnage in terms of hyper-inflation.
Posted by Arjay, Saturday, 6 August 2011 8:20:00 AM
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