Tag Archives: money

Bloomberg Marvels: How Does Norway Keep Inflation 2.4%?

Goldman Sachs Loses Money So Gold Prices Fall | Culture of Life News

Bloomberg knows very well the answer to this question: How Does Norway Achieve Inflation When Others Can’t? – Bloomberg Business but will NOT tell readers of his ‘news’.

 

Once upon a time, the only thing one could park in a central bank vault to support the value of paper money was GOLD.  And silver.  All coins of responsible societies were made from copper, gold and silver.  Countries with fake money used cheap metals like zinc.  Paper money was invented by the Chinese to replace gold only they discovered this created inflation due to money printing and adding zeros is laughably easy.

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NYT Lies About Why US Dollar Is ‘Strong’

Here is a classic example of hiring someone who knows hardly anything to bloviate about something that is fairly easy to understand.  Namely, our trade partners all do the same exact thing: they hold US dollars in their central banks to make the dollar stronger against their own currency in order to run perpetual trade surpluses with the US which is deeper and deeper in the red each generation:  The Strong Dollar Is Always Good, Except When It Isn’t – NYTimes.com

 

The European Central Bank significantly loosened its monetary policy on Thursday, in the process driving down the euro and bolstering the dollar. Measured against a basket of currencies, the dollar’s value has soared 19 percent since May, and the momentum seems to be building.

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Oil Prices Fall, OPEC In Chaos, Derivative Markets In Hysteria

Goldman Sachs Loses Money So Gold Prices Fall | Culture of Life News

 

OPEC was from day one, a cartel.  Like all cartels, they made lots of money at first.  But over time, everyone under the sun began competing because prices were artificially high and this lead to the inevitable gluts and sudden price collapses.  The only tool to fix this for the Saudis and Texans was to generate wars against energy producers and boycotts like the one against Iran.  This has now failed utterly.  Also, rich bankers cooked up a stupid commodity futures scam called ‘derivatives’ which originally was only for wheat and corn, betting on the weather.  Now, it is everywhere and utterly toxic and extremely prone to create price bubbles and collapses.  This stupid market always goes rapidly to infinity and infinity is the bane of humans because it always ends with nothing instead of everything.

 

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The Very Rich Always Destroy Themselves: The Cave of Wealth And Death

CAVE OF WEALTH AND DEATH PART 1 | Culture of Life News

 

YouTube – Cave of Wealth and Death Part 1

cave-of-wealth-and-death-22

From the very earliest civilizations, before the very first cities, humans connected dark caves with wealth.  They also connected wealth with death.  The Greek god, Pluto, is the god of wealth and death, just for example.  All mythological forces which humans used for thousands of years to understand the world of our species and the universe, are part of our brains.  We can’t escape this legacy.  We can only hope to understand it. Let’s look inside this mythological cave:

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Silk Road 2.0 Hacked, All The Silly Bitcoins Vanish, Defcon Whines About Thieves

Screen shot 2014-02-16 at 7.12.13 AM

 

$2.7 million-worth of Bitcoin stolen as successor to dark web market place Silk Road is hacked and all the precious funny money users wanted to use to do mainly drug deals and nefarious things has vanished, most likely, by government hackers.  Bitcoins are useless for anything except collecting between fans and illicit purchases since anyone can sell these bit thingies to other delusional guys and then buy things with real money so why use it for commerce especially when the market value vacillates all over the place and no one knows unless they consult minute by minute, what it is worth.  And the one receiving the bitcoins can see value plunge by up to 50% in a short time frame so holding is very dangerous.

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Gold Falls 31% As Rich Flee ETP Markets

Gold Funds See Unprecedented 31% Slump as World Loses Faith in the very silly ‘ETP’ market whereby one doesn’t own much of anything except a piece of paper saying, ‘You own part of this hidden gold hoard which you can never touch’.  HAHAHA.  One can hardly make up how silly this is.  As silly as the bitcoin scam.  Yes, a Vegas developer selling $7.85M mansion for bitcoin as a publicity stunt.  Also a OC Lamborghini dealership sells car for 91.4 bitcoins which is also a publicity stunt, too.  He could sell this car for one million roosters, for example.  Or a truckload of black tulip bulbs.  Or in exchange for sex with a house full of prostitutes or trade it for a pound of pure cocaine since many of the main customers are connected with whores and drugs.

 

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Pope And Money, Fed And Money, Wall Street And Money, Bitcoins, And Other Money News This Xmas Season

Fed Reveals New Concerns About Long-Term U.S. Slowdown – Bloomberg news:  this story shows how deliberate stupidity runs things in the US.  We just witnessed a witless howl fest over the Chinese comment about ‘American Exceptionalism’ noting that the US is in decline.  The US decline is obvious and easily seen.  The Federal Reserve has many graphs detailing our collapse and yet the heads of this operation can’t understand why things are going bad even as programs they promote or admire are the direct causes of this collapse!

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Filed under .diplomacy, .money matters