sculptor

 
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  • in reply to: Will The Fed Pick A Winning Combination? #23929
    sculptor
    Participant

    Well, I just “sold the news” and went short. we’ll see friday at option expiry if that was the right zig. Its just that everyone got so optimistic…a sure tell that the let down is around the corner.

    bottom line is this its: the fed is not making a bonifide financial decision, its a propaganda announcement. the effect on markets is psycho-illusionary, and because its not a real market, the effect will be orchestrated.

    in reply to: Gold – Follow the Yellow Brick Road? #23905
    sculptor
    Participant

    variable81……of course, take care of your paid off homestead, well stocked with tools of survival, well insulated, supplies laid in, etc…..then examine your left over stack of paper promises(cash, stocks, bonds), save some or most of that stack, but diversify and hedge its value, because there are currency collapses, market collapses , bonds that default, annuities and pensions that disappear; sooner or later, every paper currency in the history of the world has failed. These collapses are sometimes slow but sometimes unbelievably rapid. But even after such a collapse there is always a need for liquid asset/ cash.
    if you have property, you will always have to pay taxes to keep it, or protection to the local war lord or community protection society, etc etc…there is always a Ceasar with a tax man with his hand out. Pay or lose your land. So unless you think you will be able to settle your tax bill with homegrown tomatoes , have some coin laid in, they are cheaper than bullets to protect your homestead ownership.

    in reply to: Gold – Follow the Yellow Brick Road? #23898
    sculptor
    Participant

    bogaloo, perhaps another point I would like to add is this: Gold is my hedge against absurdity.
    gold is an ancient classical timeless symbol of worth,(“good as gold”, “the gold standard”,etc)

    In the world of art, I have witnessed a kind of madness in modern times….Da-Da-ism, an Absurd world where sculptor Duchamp mounted a urinal on a gallery wall which became as highly valued as a Rembrant or Vermeer or greek antiquity,….An artist (Manzini) has literally sold an edition of sealed cans of his shit which now are collected at over $100,000 per can….a gallery filled with dirt 3 feet deep gets rave reviews etc etc…OK, I admire their vision and verve in marketing, but sorry, their art has no value to me, ( I am a classicist, I sculpt the human figure.)

    We are now entering an era of financial Da Da. where professeur-academic-philosopher- wizards propose theories of money that are absurd suggestions…..however, the willing masses are induced by these hypnotic suggestions, under the trance of a zero added to the end their account, they believe it will render them ten times wealthier. I believe this is the road to Zimbaweimar. So I cling to the classic values of a foregone age.

    Gold is fairly immutable and its physical amount cannot be increased by 10x a bankers keystroke, it has a history (and, BTW is held by governments/central banks/oligarchs/used as money in over half the world africa, middle-east, asia etc) ……I think Nicole is brilliant, but perhaps her sensible pragmatic intelligence may partially blind her to the ridiculously absurd behaviors of which the financial/ruling elite are capable……my gold is a hedge against that madness, a hedge against chaos, it is one of the anchors of antiquity to which we may moore in future times.

    in reply to: Gold – Follow the Yellow Brick Road? #23879
    sculptor
    Participant

    So just like Michelangelo, I like getting paid in gold ducats, they are about 1/9 oz each, say $125 a piece. they are dime sized little coins. I change about 20% of my income into little gold coins and old silver dollars everytime I sell my art……..its my treasure,my core savings, my last dollar in my boot,etc….its security. I’ve got paper cash too and a little in the bank, to use while the bank still works. My plan is to use paper money till it is no longer accepted, then go to coin if I need cash to trade. I suppose gold may be made as illegal as heroin, if that happens I’ll cast the gold into religious artworks, crucifixes and the like, hoping that would exempt my ownership of it(assuming we still have a constitution)and preserve my ability to trade it.

    I just have this faith that:
    1)gold and silver will never be worthless, never go to zero
    2)may well preserve a store of wealth much better than a pile o paper dollars
    3) may be the basis for money in what ever economy emerges on the other side of the “several decades of challenge” we face, and my kids/grandkids may be greatful for what the old man put away for them.

    My grandpa lost $45000 and his three fruit stores in the depression, he died a very poor man 25 years later in 1953…the banks just closed their doors and his money was gone never to return…I wish he was storing 2250 oz coins of gold instead.

    thanks Stoneleigh

    in reply to: What Happened To The Debt? #5432
    sculptor
    Participant

    “trying to outsmart reality
    the debt’s hiding under a carpet
    no less real”

    God Raul….what a gift for Hiku you have

    in reply to: Hungary Throws Out Monsanto AND The IMF #5431
    sculptor
    Participant

    I propose Hungary be renamed “Wellfedia”

    in reply to: A Quadrillion Dollar Deflationary Debt Raft #5430
    sculptor
    Participant

    at 23:22 Lauren querries Duncan: what about Steve Keenes solution? a debt jublie through Govt grant payments to all citizens that first must go to pay down debt, (or after personal debt is paid, becomes savings gift.)
    Duncan @ 23:47 responds “It won’t work, one person’s debt is another persons asset, if you destroy all the debts you destroy the assets and banking coillapses” I don’t think he understands Keene’s plan, Keene is not looking to “forgive” debt, but to pay it off. Further he would be rewarding debt-free savers with increased assets to spend into the economy. While Keene’s plan is not perfect, Duncan’s refutation of it is flawed. Keene is saying not to TARP the robber banks with govt largesse in a top down approach, but rather that govt bailout should to the little guy screwed down with debt in a “trickle up” economic rescue, and at the same time reward savers, who are a good thing in an economy…rather than penalizing them.

    Raul, I hope you’d play the Steven Keene interview that Lauren Lyster did perhaps a month or so ago…and open Keene’s plan up to discussion on this forum.

    ps, thankyou Valadamir Putin for RT and Lauren Lyster, one of the bright spots we poor propagandized Americans can find spin free honest discussion of the economy….sort of reminds me of the old days of “Radio Free Europe” when American would broadcast alternative views of the world across the “Iron Curtain” to counteract “communist propaganda lies” toeastern europeans yearning for truth ……hmmm, there needs to be a new term here,…ahh! “The Irony Curtain”

    ps Ducan’s “manhattan project” for energy has merit. It would be great in say algea/oil scale up research. Aimed at creating an organic diesel growing industry that can employ several million folks as algea farm workers, say doing things like using the excess heat, CO2, and water vapor at coal energy plants along with excess off peak load electrical energy to create bio-diesel fuel and sequester CO2 as well as create fertilizer and plastic feed stock as by products. We need local low tech jobs in industries that produce something of value, thats what makes the world go around. we can’t all be college PHD hi-tech engineers, nor can we survive as an economy without producing a product of value by growing it , mining it , manufacturing it….if we all just flip burgers and give each other haircuts for a service economy there is an eventual “capitol entropy” that spirals us down in debt eventually.

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