The writing is on the wall!

[4plexowner]

“there aint enough gold for this to happen”

I’m going to take exception to this statement, Peter

there is always enough gold – the only question is what price tag is placed on each ounce of gold

according to Jim Sinclair (www. jsmineset.com), gold at $850/oz in 1981 balanced the US books

using the same logic, I have seen writers placing price tags on each ounce of gold at $5000/oz to as high as $50,000/oz

the price to balance the US books depends on how many of our liabilities you want to acknowledge

the $5000/oz balances the openly acknowledged liabilities like all the worthless paper the Fed has recently purchased and all the bailout money the US taxpayer has generously given the banking system as well as the $10.6 trillion public debt

the $50,000/oz price comes into play if you want to acknowledge all of the unfunded liabilities of Medicare and Social Security ($50-70 trillion dollars depending on whose numbers you want to use)

the numbers above are based on the assumption that the US actually has all of the gold that it claims to have – since the gold deposits haven’t been publicly audited since the 1950’s, who knows – there is much discussion about whether or not the gold still exists in the claimed quantities

who knows what will unfold in the future or how high the price of gold will go

I just wanted to make the point that there is ALWAYS enough gold in the system for us to have a gold backed currency

[partypup]

[quote=arraya]Interestingly, there is a Rumor going around Russia that Obama has told Putin that he is going to dissolve the Fed. Albeit, not a credible source but still interesting in light of Putin’s recent remarks.[/quote]

A, would this source happen to be Sorcha Faal? 😉

I’ve followed her for a few years now, and I find she’s very hit or miss. She’s spot-on about *big picture* issues, but I seriously doubt her sources on some of the anecdotal, behind-the-scenes action that she reports.

If Obama had any intent to dissolve the Fed, Wall Street would not have showered him with campaign funds; he would not be following the Fed’s prescription of monetizing debt to stimulate the economy with TARP funds and the $825bn stimulus; and he MOST certainly would not have appointed a member of the NY Fed as his Treasury Secretary.

The Fed will not have to be dissolved. It will become increasingly irrelevant. The Fed is completely out of ammunition now and has revealed itself to be utterly ineffective and powerless in this crisis. Now that interest rates are at/near zero, who really cares what Bernanke’s FOMC remarks are going forward?

[partypup]

[quote=arraya]Interestingly, there is a Rumor going around Russia that Obama has told Putin that he is going to dissolve the Fed. Albeit, not a credible source but still interesting in light of Putin’s recent remarks.[/quote]

A, would this source happen to be Sorcha Faal? 😉

I’ve followed her for a few years now, and I find she’s very hit or miss. She’s spot-on about *big picture* issues, but I seriously doubt her sources on some of the anecdotal, behind-the-scenes action that she reports.

If Obama had any intent to dissolve the Fed, Wall Street would not have showered him with campaign funds; he would not be following the Fed’s prescription of monetizing debt to stimulate the economy with TARP funds and the $825bn stimulus; and he MOST certainly would not have appointed a member of the NY Fed as his Treasury Secretary.

The Fed will not have to be dissolved. It will become increasingly irrelevant. The Fed is completely out of ammunition now and has revealed itself to be utterly ineffective and powerless in this crisis. Now that interest rates are at/near zero, who really cares what Bernanke’s FOMC remarks are going forward?

[partypup]

[quote=arraya]Interestingly, there is a Rumor going around Russia that Obama has told Putin that he is going to dissolve the Fed. Albeit, not a credible source but still interesting in light of Putin’s recent remarks.[/quote]

A, would this source happen to be Sorcha Faal? 😉

I’ve followed her for a few years now, and I find she’s very hit or miss. She’s spot-on about *big picture* issues, but I seriously doubt her sources on some of the anecdotal, behind-the-scenes action that she reports.

If Obama had any intent to dissolve the Fed, Wall Street would not have showered him with campaign funds; he would not be following the Fed’s prescription of monetizing debt to stimulate the economy with TARP funds and the $825bn stimulus; and he MOST certainly would not have appointed a member of the NY Fed as his Treasury Secretary.

The Fed will not have to be dissolved. It will become increasingly irrelevant. The Fed is completely out of ammunition now and has revealed itself to be utterly ineffective and powerless in this crisis. Now that interest rates are at/near zero, who really cares what Bernanke’s FOMC remarks are going forward?

[partypup]

[quote=arraya]Interestingly, there is a Rumor going around Russia that Obama has told Putin that he is going to dissolve the Fed. Albeit, not a credible source but still interesting in light of Putin’s recent remarks.[/quote]

A, would this source happen to be Sorcha Faal? 😉

I’ve followed her for a few years now, and I find she’s very hit or miss. She’s spot-on about *big picture* issues, but I seriously doubt her sources on some of the anecdotal, behind-the-scenes action that she reports.

If Obama had any intent to dissolve the Fed, Wall Street would not have showered him with campaign funds; he would not be following the Fed’s prescription of monetizing debt to stimulate the economy with TARP funds and the $825bn stimulus; and he MOST certainly would not have appointed a member of the NY Fed as his Treasury Secretary.

The Fed will not have to be dissolved. It will become increasingly irrelevant. The Fed is completely out of ammunition now and has revealed itself to be utterly ineffective and powerless in this crisis. Now that interest rates are at/near zero, who really cares what Bernanke’s FOMC remarks are going forward?

[partypup]

[quote=arraya]Interestingly, there is a Rumor going around Russia that Obama has told Putin that he is going to dissolve the Fed. Albeit, not a credible source but still interesting in light of Putin’s recent remarks.[/quote]

A, would this source happen to be Sorcha Faal? 😉

I’ve followed her for a few years now, and I find she’s very hit or miss. She’s spot-on about *big picture* issues, but I seriously doubt her sources on some of the anecdotal, behind-the-scenes action that she reports.

If Obama had any intent to dissolve the Fed, Wall Street would not have showered him with campaign funds; he would not be following the Fed’s prescription of monetizing debt to stimulate the economy with TARP funds and the $825bn stimulus; and he MOST certainly would not have appointed a member of the NY Fed as his Treasury Secretary.

The Fed will not have to be dissolved. It will become increasingly irrelevant. The Fed is completely out of ammunition now and has revealed itself to be utterly ineffective and powerless in this crisis. Now that interest rates are at/near zero, who really cares what Bernanke’s FOMC remarks are going forward?

[Djshakes]

This is interesting. It is a four part interview. I think it compliments this thread. Especially part 3. I didn’t get to four yet. Each part is about 10 minutes. Very intersting.

http://www.youtube.com/watch?v=qATb9Cdg4bY

[Djshakes]

This is interesting. It is a four part interview. I think it compliments this thread. Especially part 3. I didn’t get to four yet. Each part is about 10 minutes. Very intersting.

http://www.youtube.com/watch?v=qATb9Cdg4bY

[Djshakes]

This is interesting. It is a four part interview. I think it compliments this thread. Especially part 3. I didn’t get to four yet. Each part is about 10 minutes. Very intersting.

http://www.youtube.com/watch?v=qATb9Cdg4bY

[Djshakes]

This is interesting. It is a four part interview. I think it compliments this thread. Especially part 3. I didn’t get to four yet. Each part is about 10 minutes. Very intersting.

http://www.youtube.com/watch?v=qATb9Cdg4bY

[Djshakes]

This is interesting. It is a four part interview. I think it compliments this thread. Especially part 3. I didn’t get to four yet. Each part is about 10 minutes. Very intersting.

http://www.youtube.com/watch?v=qATb9Cdg4bY

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