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Pluto

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About Pluto

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  1. The man is a liar. http://www.thisislondon.co.uk/standard-business/article-23662750-barclays-got-6bn-of-insurers-bailout-cash.do
  2. KABOOM!!!! you were warned
  3. You are confusing the word "fiat" with the monetary meaning of the word "fiat". Go read some books on economics.
  4. No wonder most people who come here are confused. A fiat money is a medium of exchange composed of some intrinsically valueless substance which the issuer does not promise to redeem in a commodity or a fiduciary money. http://www.rapidtrends.com/what-does-fiat-money-mean/
  5. If gold were accepted as payment of taxes and government services it would become legal tender - not fiat - in the monetary sense. Please post some sources to back up your claptrap, and don't come back with wikipedia.
  6. I'm sorry you spouted nonsense. Monetary "fiat" has no intrinsic value according to Carl E. Walsh, Professor of Economics at the University of California. What you are talking about is legal tender, which is often confused to mean "fiat". If gold were fiat, by your definition, it would have become worthless after the Nixon shock of 1971. The opposite happened. From a banking dictionary: Fiat money: coins or notes which are not worth much as paper or metal, but are said by the government to have a value and are recognised as legal tender
  7. How would the market price ratio deviate? Remember this is not a fiat monetary system.
  8. You are talking rubbish. Beijing may yet buy gold as well, although it has not done so yet. The gold share of reserves has fallen to 1pc, far below the historic norm in Asia. But if a metal-based currency ever emerges to end the reign of fiat paper, it is just as likely to be a "Copper Standard" as a "Gold Standard". http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5160120/A-Copper-Standard-for-the-worlds-currency-system.html
  9. No point going thru a futile exercise. As I said, you could peg copper to silver as well. The system we have is unstable and falling apart . There is a lot of claptrap on the internet about a world currency. We have a world currency now - it is called a fiat. This fiat is the dollar, and all other currencies are ******* children of the dollar. We need to go back Gold, Silver, and even Copper. The central banks and their paper scam is past its sell by date.
  10. because there is not enough gold unless you hypothesise that people will value it several orders of magnitude (at least) higher than we have done for the entirety of human history. Peg the ratio of silver to gold and you have more than enough metal which could be used for commercial transactions. Still not enough? Peg the ratio of silver to copper as well.
  11. While bits of worthless paper are used to buy other bits of worthless paper those with gold coins in their possession will sleep well at night. The charade of fiat monetary tokens is crashing around you. You houses are expensive because they are priced in these worthless government tokens. You bread and petrol are expensive because they are also priced in these worthless tokens. The Greeks are protesting because these tokens are no longer able to keep their standard of living up. Of course, the muppets all run around exchanging their government tokens for another government token thinking they can game the system, only to wake up to find out that token is now crashing. Case in point all those sterling holders exchanging for Euros. And....those same muppets will be rushing out now exchanging Euros for US tokens - the dollar. The cycle will repeat.
  12. You need to understand why and how house prices are being maintained by sending the currency you work for into the gutter. When inflation starts to rear its nasty head because of imported goods (like food and energy) then interest rates will have to rise, then the nominal price of houses will crash hard. The low interest rate policy by the globalists is keeping the nominal price of houses high. Without taking a step back and looking at big picture you will suckered into trap of debt. Looking at just pounds and the price of houses, because you get paid in pounds, is what they want you to do. Don't be suckered.
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