Trump nominates gold standard supporting Herman Cain and Moore to FED

[devil21]

Link to central banks selling paper gold?

Chester Copperpot's understanding isn't exactly correct but he's got the gist. Not my job to defend his slightly inaccurate statement. Regardless, the BIS strictly restricts information about their gold operations and all of the owners of the central banks are the member banks of the various central bank systems. Do you want me to supply links to JPMorgan, for example, selling gold and silver contracts? Any separation between JPM and the Fed is merely words on paper.

Bottom line is that spot prices are suppressed by paper contracts far in excess of available gold and silver that changes hands.

 

[Brian4Liberty]

Let's say you thought a gold standard is a good idea. Almost no economist agrees. In order to persuade people you kind of need facts and data to support your position and have a workable plan to transition over. You need extreme competency. Neither of these people possess that. They are however Trump lackeys who will do what it takes to try to make sure we don't have a recession before Trump's next election. (That might not be a terrible thing. As the yield curve inverts there is no argument for tightening and probably and argument to start easing soon.)

Stupid Trump lackey. If they don’t go to Harvard, then they can’t be qualified. Harvard bankers are the smartest.

Cain grew up in Georgia and graduated from Morehouse College in 1967 with a Bachelor of Science in Mathematics. Cain pursued graduate studies at Purdue University and graduated with a Master of Science in Computer Science in 1971

Hmmm. Ok, maybe he does have an education that many bankers are not smart enough to get. But he needs some experience! He’s just a pizza guy!

Cain was chairman of the Federal Reserve Bank of Kansas City Omaha Branch from 1989 to 1991. He was deputy chairman, from 1992 to 1994, and then chairman until 1996, of the Federal Reserve Bank of Kansas City.

Hmmm. Well, that was just Kansas. Backwards flyover country. What major Wall St. banking and brokerage firm did he work for? Does he actually know how to best utilize debt and money lending? Does he know how to offset monetary inflation with labor supply inflation?

 

[Zippyjuan]

Chester Copperpot's understanding isn't exactly correct but he's got the gist. Not my job to defend his slightly inaccurate statement. Regardless, the BIS strictly restricts information about their gold operations and all of the owners of the central banks are the member banks of the various central bank systems. Do you want me to supply links to JPMorgan, for example, selling gold and silver contracts? Any separation between JPM and the Fed is merely words on paper.

JP Morgan is not a Central Bank. But why would the Fed care what the price of gold is?

 

[devil21]

JP Morgan is not a Central Bank.

No it is not but that's typical Zippy haggling over what the definition of the word "is" is so as to confuse the bigger point being made.

Paper contracts issued by member banks that far exceed physical supply are how the spot prices are suppressed. It's documented, on record in court cases and widely known.

 

[Zippyjuan]

No it is not but that's typical Zippy haggling over what the definition of the word "is" is so as to confuse the bigger point being made.

Paper contracts issued by member banks that far exceed physical supply are how the spot prices are suppressed. It's documented, on record in court cases and widely known.

Why would a central bank who does not have its money backed by gold care what the price of gold is? Why suppress it?

"Gold up- it is the market!
Gold down- it is manipulation by the Central Banks!"

 

[devil21]

Why would a central bank who does not have its money backed by gold care what the price of gold is? Why suppress it?

"Gold up- it is the market!
Gold down- it is manipulation by the Central Banks!"

High gold prices reflect currency weakness. Duh. Keeping gold and silver looking "unattractive" and "unproductive" provides a mental support to the debt money printing game....until the same bankers decide to change the game. And they have decided to change it, hence why they're placing "gold bugs" into the Fed to act as mouthpieces for the desired changes. Ya always need new PR folks to sell policy changes, yes? But you already know all of that.

 

[Zippyjuan]

High gold prices reflect currency weakness. Duh. Keeping gold and silver looking "unattractive" and "unproductive" provides a mental support to the debt money printing game....until the same bankers decide to change the game. And they have decided to change it, hence why they're placing "gold bugs" into the Fed to act as mouthpieces for the desired changes. Ya always need new PR folks to sell policy changes, yes? But you already know all of that.

Central banks do try to target prices- overall prices (inflation) but not the price of any single commodity. Is the Fed targeting any other commodities? Keeping their prices from soaring? If the Fed is manipulating gold and not others their prices should be soaring compared to gold. Why aren't they?

What about silver, platinum, steel, aluminum, copper, zinc, sugar, wheat, beef? Are Central Banks playing in those markets too to hide inflation?

 

[devil21]

Central banks do try to target prices- overall prices (inflation) but not the price of any single commodity. Is the Fed targeting any other commodities? Keeping their prices from soaring? If the Fed is manipulating gold and not others their prices should be soaring compared to gold. Why aren't they?

What about silver, platinum, steel, aluminum, copper, zinc, sugar, wheat, beef? Are Central Banks playing in those markets too to hide inflation?

Same paper contract games being played in all markets. Newsflash: there is no such thing as genuine price discovery allowed today and what little slips through is hidden in other ways, such as smaller weight of a bag of potato chips with a bag filled with air, copper wiring mixed with other more abundant metals, real sugar replaced mostly by HFCS in products, beef prices per lb rising quickly and selection shrinking, etc. The "less is more" narrative is all around us. Apparently you don't ever go shopping.

 

[Zippyjuan]

Same paper contract games being played in all markets. Newsflash: there is no such thing as genuine price discovery allowed today and what little slips through is hidden in other ways, such as smaller weight of a bag of potato chips with a bag filled with air, copper wiring mixed with other more abundant metals, real sugar replaced mostly by HFCS in products, beef prices per lb rising quickly and selection shrinking, etc. The "less is more" narrative is all around us. Apparently you don't ever go shopping.

Wow! The Fed even controls the size of your potato chip bags! Talk about a powerful organization!

 

[devil21]

Wow! The Fed even controls the size of your potato chip bags! Talk about a powerful organization!

He who controls the money controls everything. Mayer Rothschild told us that a long time ago. The heads of the mega-corporations work in concert with the central bankers that surround Trump. All NWO adherents working toward the same goals. Why do you think "Trump" meets with them so often? To share family photos? lol

 

[Zippyjuan]

He who controls the money controls everything. Mayer Rothschild told us that a long time ago. The heads of the mega-corporations work in concert with the central bankers that surround Trump. All NWO adherents working toward the same goals. Why do you think "Trump" meets with them so often? To share family photos? lol

"Hi- Frito Lay- this is the Chairman of the Federal Reserve. Do you think you can do us a favor? Do you think you could make your bag of chips half an ounce smaller for us? We would really appreciate it!"

 

[Dr.3D]

"Hi- Frito Lay- this is the Chairman of the Federal Reserve. Do you think you can do us a favor? Do you think you could make your bag of chips half an ounce smaller for us? We would really appreciate it!"

No, Frito Lay just decides to make the bag a half an ounce smaller and sell it for the same price, so they can make the same money and save a half an ounce of product.

People won't notice the size difference as much as a price difference.

 

[Zippyjuan]

No, Frito Lay just decides to make the bag a half an ounce smaller and sell it for the same price, so they can make the same money and save a half an ounce of product.

People won't notice the size difference as much as a price difference.

You mean the Fed didn't make them do it? It was a company seeking profits? Shocker, I tell you! I thought the Fed controlled everything!

He who controls the money controls everything. Mayer Rothschild told us that a long time ago. The heads of the mega-corporations work in concert with the central bankers that surround Trump. All NWO adherents working toward the same goals. Why do you think "Trump" meets with them so often? To share family photos? lol

 

[Dr.3D]

You mean the Fed didn't make them do it? It was a company seeking profits? Shocker, I tell you! I thought the Fed controlled everything!

Well, with the Fed making things cost more, they did indirectly make them do it. They wanted to sell the chips at the same price and in order to do so, had to reduce the amount of chips in the bag.

 

[Matt Collins]

 

[Swordsmyth]

You mean the Fed didn't make them do it? It was a company seeking profits? Shocker, I tell you! I thought the Fed controlled everything!

They make them do it by causing the conditions that make it necessary to do so in order to profit.

If I get to take half the money in your bank account every month and you respond by getting a second job in order to pay your bills I am making you work a second job.

 

[Zippyjuan]

They make them do it by causing the conditions that make it necessary to do so in order to profit.

If I get to take half the money in your bank account every month and you respond by getting a second job in order to pay your bills I am making you work a second job.

Companies are all about profit. Without profit, they cannot exist. And they like more profits. How can they get that? There are three ways to make more profit. One- charge more for it. Two, lower your costs- cut wages. Wages are hard to lower. Three- reduce the size for the same price (hide your increase of prices).

 

[Swordsmyth]

Companies are all about profit. Without profit, they cannot exist. And they like more profits. How can they get that? There are three ways to make more profit. One- charge more for it. Two, lower your costs- cut wages. Wages are hard to lower. Three- reduce the size for the same price (hide your increase of prices).

You also risk losing profit by angering your customers, that's why in a normal market things tend to stabilize but the fed distorts the market in ways that make it riskier for them to leave their prices/content alone than to anger their customers by altering them.

 

[acptulsa]

Companies are all about profit. Without profit, they cannot exist. And they like more profits. How can they get that? There are three ways to make more profit. One- charge more for it. Two, lower your costs- cut wages. Wages are hard to lower. Three- reduce the size for the same price (hide your increase of prices).

They aren't making more.

You just insist on having this conversation over and over, and getting pwned over and over. It isn't going to work any better this time, but if you insist...

Tell us this, Zippy: Is the dollar worth as much as it was in 1946?

Keep in mind: That was a simple yes or no question.

 

[Zippyjuan]

They aren't making more.

You just insist on having this conversation over and over, and getting pwned over and over. It isn't going to work any better this time, but if you insist...

Tell us this, Zippy: Is the dollar worth as much as it was in 1946?

Keep in mind: That was a simple yes or no question.

Companies are not making more profits?

https://www.cnbc.com/2018/03/28/cor...seven-years-but-that-may-not-help-stocks.html

Corporate profits expected to be highest in seven years, but that may not help stocks much

While investors worry about trade wars, inflation and interest rates, corporate America just keeps on making money.

In fact, profits for the first quarter are expected to run at the highest rate in seven years as companies begin to reap the benefits of tax breaks, improving consumer confidence and a growing economy.

The projections are eye-popping: a 17.2 percent growth rate in bottom-line profit for the S&P 500 — the best since the first quarter of 2011 — coupled with solid top-line sales gains of 7.2 percent, according to FactSet. More than 50 companies already have revised their guidance upward, a record since FactSet started keeping track in mid-2006.

I don't pretend a dollar in 1946 is worth the same as a dollar today. But you don't get a 1946 salary either. Gold won't buy you the same as it did in 1946 either. Back then the average household spent a third of their budget on food. Today it is about eleven percent. Money is just a medium of exchange.