True value of Gold if the World goes to a Gold Standard
- Thread starter AsifAmeer
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coolhaider
Minister (2k+ posts)
plz check again pictures cant be loaded
itsnotme90
Minister (2k+ posts)
This is from CURRENCY WARS by James Rickards released last November
Your post is not showing links & pictures. By the way are u working for paulson co. ? or george soros ? that u want gold prices go up further ? If we use gold standard how would u help the markets when they need stimulus or how would u cover the budget deficit ? how would u finance long term projects ?
If every citizen dumps Pak Rupee in Pakistan and buys gold, it wouldnt cause the Gold to up for than $2! So no. I wouldnt go to a Pakistani website for a pump and dump.
Now to your questions
Now to your questions
>>how would u help the markets when they need stimulus
Thats call CRONY CAPITALISM. I am against that. Providing the so-called stimulus only extends the problem
>>how would u cover the budget deficit ? how would u finance long term projects ?
Thru Direct taxation. I believe in REPRESENTATIVE DEMOCRACY.Thats call CRONY CAPITALISM. I am against that. Providing the so-called stimulus only extends the problem
>>how would u cover the budget deficit ? how would u finance long term projects ?
Wadaich
Prime Minister (20k+ posts)
It lecture first lecture of "Economic terrorism series" by Zaid Hamid. Please listen to this lecture even if U hate the speaker... .... ... and comment on the topic under discussion......
[video=google;-7444287477498532583]http://video.google.com/videoplay?docid=-7444287477498532583&emb=1&hl=en[/video]
http://video.google.com/videoplay?docid=-7444287477498532583&emb=1&hl=en
http://video.google.com/videoplay?docid=-7444287477498532583&emb=1&hl=en
Bangash
Chief Minister (5k+ posts)
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SaadKnight
Senator (1k+ posts)
I love this series as it has zipped everything related to current world fraudulent economy.
I have watched this. Honestly I have spent more braincells understanding the International Finance and Monetary Economics than the amount of time I spent in formal education. Things are not black and white. I have studied the Gold Standard model, and the debt based model. Fact is we never really tried a PURE STATIC Monetary model. Never. Lekin there are challenges to it too, challenges that are far greater than the Debt-based monetary system we got right now. Problem with the current model is that is creates too big to fail institutions and inequality. When you deal in money for the sake of making money and 20% of your economy simply trades money to make money, it will breed inequality and break the incentives based free-market system. If you ever want to understand Economics in the funniest way, there's this really funny comic book called "How an economy grows and why it crashes". You read that book and things will become crystal clear for you.
[MENTION=10641]wadaich[/MENTION]
[MENTION=10641]wadaich[/MENTION]
Wadaich
Prime Minister (20k+ posts)
Isn't it that we are unable to rise above or get out of the system in which we are bred and trained.......Have U researched or ever tried to draw a blue print of economic system based on the guidance of Islam as "Deen"? Could U please share something on this topic.
>>
Isn't it that we are unable to rise above or get out of the system in which we are bred and trained
This is so very true. I had the most difficult time passing classes because I was already trading then. I understand sometimes more than those who were teaching. Sure they were good with whats in the books but what good is the book when its built on false assumptions. Then I started reading FINANCIAL HISTORY. Stuff from 100yrs ago, 50 yrs ago, 30 yrs ago and tried making sense out of it without understanding whats happening today and how to fix today's problems. For you to know how to fix the problem, you gotta understand where the problem came from and to overcome what challenges. There are so many subtleties and so many incorrect assumptions made throughout the history. Then when you look at Economics from a political point of view, it all starts to make sense.. You see everyone wants easy out. Everyone wants to get well without taking the medicine. And thats what happened with Economics. The masses were desperate and stupid. There were a few sharp, brilliant men with their own self-interest (who isnt?!) And they put together the stuff, largely benefiting them and their profession.
This alone is so complicated that adding an abstraction of religion in it may become impossible for a human mind to comprehend. Honestly what I do is make sure that the incentives are not distorted and the laws are consistent. Consistency is the key to religion, society, economy, politics, justice. The way to look at it is that if you are not being unfair to anyone, you are being fair to everyone. And how can that be against ANY religion. Logic of debt falls apart in a "SOUND" money monetary system. There were Mises and FA Hayek that put together the Austrian Economic Model. And its a beautiful beautiful concept. But Austrian isnt taught even in American Universities. You gotta learn this stuff on your own.
Have you read my Economic outline I put together for Pakistan?
http://tinyurl.com/pakgoldstandard
This is so very true. I had the most difficult time passing classes because I was already trading then. I understand sometimes more than those who were teaching. Sure they were good with whats in the books but what good is the book when its built on false assumptions. Then I started reading FINANCIAL HISTORY. Stuff from 100yrs ago, 50 yrs ago, 30 yrs ago and tried making sense out of it without understanding whats happening today and how to fix today's problems. For you to know how to fix the problem, you gotta understand where the problem came from and to overcome what challenges. There are so many subtleties and so many incorrect assumptions made throughout the history. Then when you look at Economics from a political point of view, it all starts to make sense.. You see everyone wants easy out. Everyone wants to get well without taking the medicine. And thats what happened with Economics. The masses were desperate and stupid. There were a few sharp, brilliant men with their own self-interest (who isnt?!) And they put together the stuff, largely benefiting them and their profession.
This alone is so complicated that adding an abstraction of religion in it may become impossible for a human mind to comprehend. Honestly what I do is make sure that the incentives are not distorted and the laws are consistent. Consistency is the key to religion, society, economy, politics, justice. The way to look at it is that if you are not being unfair to anyone, you are being fair to everyone. And how can that be against ANY religion. Logic of debt falls apart in a "SOUND" money monetary system. There were Mises and FA Hayek that put together the Austrian Economic Model. And its a beautiful beautiful concept. But Austrian isnt taught even in American Universities. You gotta learn this stuff on your own.
Have you read my Economic outline I put together for Pakistan?
http://tinyurl.com/pakgoldstandard
mrcritic
Minister (2k+ posts)
do you foresee the us dollar crashing down to a halt? or Euro will crash down first?
Conspiracy theory: A new world leading currency to be introduced? (AMERO never happened)
Abhi to picture baki hai mere dost..
Its just the beginning of the dollar economy. US has the whole world by the balls. I'll give u 2 words to investigate - Central Bank reserve ratios and Comm bank's Tier 1 capital requirements per Basel III
Add these 2 requirements up and decide for yourself
The new global currency has been placed about 50 years ago in the 60s.. and Pakistan was one of the 1st to accept it. Its called SDR at the IMF. Lekin to this day SDRs are considered sovereign currency to settle BoP issues.
Its just the beginning of the dollar economy. US has the whole world by the balls. I'll give u 2 words to investigate - Central Bank reserve ratios and Comm bank's Tier 1 capital requirements per Basel III
Add these 2 requirements up and decide for yourself
The new global currency has been placed about 50 years ago in the 60s.. and Pakistan was one of the 1st to accept it. Its called SDR at the IMF. Lekin to this day SDRs are considered sovereign currency to settle BoP issues.
mrcritic
Minister (2k+ posts)
you with all your accounting lingo again! mate - talk in layman terms here on siasat.pk
isnt US$ is alive because it is the PETRO DOLLAR? The day arab oil states dump the US$ - it will go crashing down. That is my understanding..
I do not think that collapse of us dollar is eminent. It is because it is not in the interest of those who want to make money through money trade. They rather reduce their profits than let the whole thing collapse because it would be impossible to recreate anything like that ever again for them. So it is better for them to keep the thing going for as long as they can make the masses fool.
The money based system can only be brought down by educated people who are human beings not monsters in the human form.
The money based system can only be brought down by educated people who are human beings not monsters in the human form.
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Eak kaam kero.. Google up the terms. I know they arent a part of the layman's lingo.. Lekin I am here to introduce these terms. And there are alot of cockroaches hiding everywhere..
Haan.. Petro-Dollar has a HUGE HUGE impact on the value of the dollar. Lekin phir us ki politics alag hai. The dictators at OPEC has backed by the US military. They sell oil in dollar because they dont wanna loose their neck like Saddam and Qadafi. So they sell Oil in Dollar.
So US military and Petro-Dollar are intertwined. Then comes China propping up the dollar. Why? because they dont want vast unemployment in their own country. They allowed their economy to grow via exports. Exports that were propped up by China holding the dollar up. If exports dry up, China would see major unemployment which its political elites fear the most. So China is cornered.
Then comes every central bank in the world (including SBP). They all buy the dollar do provide a base for their currency. Central Banks also buy US treasuries. What are the chances of every central bank dumping dollar at the same time? Yahan to dollar thora girta hai aur Central Banks start buying up dollar because "its a good deal"
Read my article on Pakistan's option to default
http://tinyurl.com/pakgoldstandard
Haan.. Petro-Dollar has a HUGE HUGE impact on the value of the dollar. Lekin phir us ki politics alag hai. The dictators at OPEC has backed by the US military. They sell oil in dollar because they dont wanna loose their neck like Saddam and Qadafi. So they sell Oil in Dollar.
So US military and Petro-Dollar are intertwined. Then comes China propping up the dollar. Why? because they dont want vast unemployment in their own country. They allowed their economy to grow via exports. Exports that were propped up by China holding the dollar up. If exports dry up, China would see major unemployment which its political elites fear the most. So China is cornered.
Then comes every central bank in the world (including SBP). They all buy the dollar do provide a base for their currency. Central Banks also buy US treasuries. What are the chances of every central bank dumping dollar at the same time? Yahan to dollar thora girta hai aur Central Banks start buying up dollar because "its a good deal"
Read my article on Pakistan's option to default
http://tinyurl.com/pakgoldstandard
[MENTION=13412]Mughal1[/MENTION]
Economic justice can only be established by producing Gold currency or 100 % fairly Gold backed currency ... Now a days this crazy flow of wealth from 90% population to 10% elite is happening because, in reality every Government is printing currency without check and balance ... 10% elite is clever, they keep their wealth in solid form, like real estate, business, gold, fuel trade etc ... Rest of the 90% population is happy with paper notes in their bank account ... When crisis starts, this paper currency begin to loose it's value ... This thing is happening in Pakistan right now ... Currency is going down, but the elite with solid assets is still surviving ...
