Donald Trump potus 2016

Are you being sarcastic?
Or do you really want to go to a cashless system?
What's wrong with going back to a gold standard where your paper is backed by gold and not the petro dollar that we have now? Which has failed and is now based on zeros and ones, and the whims of the Federal Reserve and the IMF among others.
FYI they took Gaddafi out because he wanted to start implementing an African monetary system that was backed by gold enriching the region and and making it a financial powerhouse,

 

Technology, convenience, no more waiting in lines, everything at our finger tips.
You can have it.
This Amazon shopping crap is just a stepping stone.
Think I'm crazy?
Here's what the people who are pushing this convenience see our world in the not too distant future.
Welcome to 2030. I own nothing, have no privacy, and life has never been better
https://www.weforum.org/agenda/2016/11/shopping-i-can-t-really-remember-what-that-is/

 

Sounds Great. Right?
[video=youtube;rO99j_Ty4Hc]https://www.youtube.com/watch?v=rO99j_Ty4Hc[/video]

 

What's the difference between pegging the $ to gold versus oil? The reality is that oil is a much more demanding ( commanding) commodity that every corner of the world desires for leverage. The gold standard is a thing of the past and we will never see it again. The world economy is driven by commodities and the derivatives of such are driving the dollar. Automation versus paper money is irrelevant. Shoot I rarely carry cash anymore just like you are not trading a gold coin for pakalolo! The whole system is and was based on 0s and 1s. I guarantee you if the **** went down your barrel of oil would go a lit further than its worth in gold. Just saying, your in the weeds on this!

 

Also gold is propped up worse than the $ right now. There are more people holding false gold than you can imagine( actual physical gold versus the holdings). Similarly oil is based on "estimates" to what is thought to be available. Your $ will slowly lose purchasing power as commodities control valuation. Not to mention inflation and the federal reserve. Arguing over paper and plastic as a means to purchase is futile

 

I disagree. There is far more oil than gold. Way way more. A couple of years ago oil was way above $100 dollars a barrel and now its less than half of that. Because of that the dollar is worth less. And as everything is now becoming computerized the demand for gold is increasing. Right now I betcha I can get some pakalolo with with some gold in a heartbeat. Weed man would laugh at you if you tried to give him a barrel o oil. If the **** hit the fan, for one your oil is gonna stop coming out of the ground, what is above ground won't be refined, and physically gasoline is to hard and volatile to carry on hand. One little spark and poof your purchase power is up in smoke literally. And the monetary system was never based on zeros and ones. It wasn't until fractional reserve banking that it was. If you can't hold your cash in your hand you don't own it. The bank does. Just ask the people in Cypress how that worked out for them. Try to score some pakalolo or fungus with your smart phone app and get back to me.
The main reason why digital money is bad is it takes away your control of it. Piss of the right person and all your assets are frozen. It makes you a slave to the system.

 

I think it's the other way around. Physical gold is propping up the paper gold.

 

Ugh! I have been trying to refrain from these threads! Maybe weed was not the best analogy lol. On the **** hitting the fan, think about barter town. What are you going to do with a lump of gold? Now, you make a good point about refining but if that much **** hits the fan the whole system will implode, and each drop of oil left would be worth gold...liquid gold. The demand would drive even the most degraded society. But, getting back to reality. Oil is certainly a factor in the value of the dollar as you stated and as I stated. I just believe that oil will effect $ valuation more than gold. Your point about more oil than gold I don't get. My point is from a currency derivative standpoint oil and oil demand ( and oPEC) drive the dollar. I do believe the price of gold will go up and I am a believer in holding physical gold as an investment. My point again, oil is driving the world economy and alters currency valuations way more than gold.

The physical gold versus holdings (not sure what you mean by paper gold). I'm saying all the gold ETFs folks are invested in (not physical) is propping up the price.

And just b/c there was not automation, does not mean transactions were not based on 0s and 1s (I may have misunderstood your point ...if you were talking about programming 0s and 1s then my point was not in context).

Finally, you are already a slave to the $ whether paper, plastic, or even backed by gold. Now, I'm gonna go try to make a few ounces of gold so I can make my mortgage payment...later

 

Look at it this way. The world economy is so complex with commodity driven currencies, and the world population is so vast, and there are so many products that pegging to a single precious and limited metal is really not doable. All commodities drive currency and oil is the leader. There is not enough physical gold to peg the $ to...see what I'm saying?

Your paper cash could be frozen too...read up on how the banks controlled access to dollars in the last century.

 

Interesting article, "Amazon Go and the Future of Work" -> https://medium.com/@Inside/amazon-go-special-edition-fe22cdc8ae7#.ad6gki7ge

You'll love it Archy.

 

I would love to see Amazon go under. Open up local businesses and help local communities. Amazon and Walmart have killed commerce on a local level. It's disgusting. The problem is that Americans are fat, lazy and love everything that is cheap because of slave labor. If they actual have to get off their ass and go to a store, these snowflakes can't handle it. Generation of takers.

 

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Last night I was trying to think of ways to save more American jobs when this came to mind



But then I figured my time was better spent getting into a Twitter battle with some local union leader

https://twitter.com/realDonaldTrump/status/806660011904614408

https://twitter.com/realDonaldTrump/status/806678853305384960

#maga

 

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Amen plus 100000000000000000000000000000000000000000000000000000000000000000000000000000000

 

Archy, you get an A dude. I don't disagree with some of your research paper but I think we are talking past each other.
- I understand the invisible tax. The only reason gold has its value today is fear ( guys like you). The smaller countries are not players...oil is driving global economics much more than cold and silver
- Right now global currencies are driven off of commodities. I'm not saying the dollar is based off of oil (I asked what the difference is in pegging to gold versus oil?). I'm saying oil as a commodity influences currency more than gold. Coal not so much today but if things turned coal would certainly increase in demand. Also, the supply of oil is two parts....OPEC squeezing the west (US) and the US producing more. Does not mean it will last forever....oil prices, in the past couple of years, I have been partly wrong about but it will continue to be the premier bartering tool between the world powers...not gold. Oil will rise dramatically (frankly gold will too almost in tandem)!

Let me cut to the chase. One, you sound like Ron Paul verbatim. Two, if the dollar is going to collapse why hide paper tied to whatever under your mattress?

You are referencing the petrodollar and I've been saying the power of oil on currency (here is where we are talking past each other).

Your point on Fraction Reserve Banking is right on. The derivative markets have taken this concept to the nth degree and gold is very much a commodity that has been "oversold" relative to the physical gold reserves. Which brings me full circle. Currencies are and will be swayed/manipulated/and in some cases crushed by commodities in general (again oil being most prominent...i.e Petrodollar).

My whole premise is that the dollar will not be pegged to oil or gold but oil will be (possibly for centuries to come) the most influential commodity on currency valuation. Whether your $100,000 is electronic or cash money, if the US dollar collapses, they are both worthless.

So, if dollar is worthless and we are post apocalyptic, I would think a barrel of oil would be of more value than any amount of gold...how else would I get to the beach?

You are well spoken on fed reserve, and the dynamics of this convo and I appreciate that. We just can't conflate a collapsing $ on one hand and gold backed $ (in your hand/cash is king) on the other. Question, how would you deal with commerce as the dollar collapsed and it was pegged to gold (in today's economy...we are not in 1916).

 

Dang, should have read ahead. yes precious metals "were" the standard but now we are in the Information Age and global markets are driven by oil, copper, soy, rice, ore, gold, silver, and dozen if not 000s of commodities on the derivatives market (even currencies themselves are leveraged against on another to create value or devalue depending on your position)

Do a search on oil and currency correlation, and inflation. It's pretty remarkable actually, that oil has sorta taken over gold since Nixon. Also look at charts of gold and oil....very correlated. But, oil pricing can devalue the $ or vice versa very drastically (again petrodollar). Shoot you could see gold pegged to oil lol.

 

That's what people say, but then they go to Walmart.

 

Not me. I shop at local stores and local hardware stores. I also shop at locally owned lumber yards. If Walmart died, we would survive. People think there would be an acopolypse. No, you would just be supporting your neighbors and community instead of some CEO ahole who could are less about you. Hey, if you want to give some ahole who uses slave labor to get you a $25 cock enlarger, that's fine. I would rather put money back into my locale.

 

ill put money in my own pocket which is why i go to walmart.