Thursday, October 21, 2010

Time to reflect

The real end of the Empire

If you are looking for an answer what it is as it is...

Posted by ant @ 11:36 PM (1171 views)
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10 thoughts on “Time to reflect

  • the number cruncher says:

    Loved this comment from:

    stalinvlad said…
    Ah good, you are starting to realise that true wealth true power comes from something other than money, cash, shares, gold etc
    How do you turn lead into gold?
    Fire some lead into a gold dealer!

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  • Actually this article seems to have been written to make others realise that. Especially the politicians and mainstream media.

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  • “Globalisation is not a new phenomenon. The British Empire was truly global: “the Empire on which the sun never sets”. What changed is who is in charge.” — I think referring to the BE as globalisation is redefining – that was a global controlling economy rather than multiple somewhat self-controlled economies around the globe having somewhat free access to each other. All’s fair in love, war and a global economy. Bye bye hegemonic west.

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  • And seeing as someone mentioned Japan in the comments – was Japan ever suffering, or were others cooked up on silly? Someone re-positioned “normal”.

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  • general congreve says:

    @1 – Funny. And of course wealth comes from being productive and the means of production. However, in order to trade freely and take full advantage of your wealth you need a reliable form of money which can be used to place a value on goods and services and is agreed on by everyone.

    What is currently happening is that the world is on a course to return to the gold standard as the means to define monetary exchange, whether eventually legislated into existence or just through the markets making it a de facto standard. Currently this means that if you take advantage of the relative small claim gold has on world wealth (goods and means of production, i.e. land etc) due to the fact it is not seen as money by most and is artificially suppressed in price, by buying some at these prices, you will see the purchasing power of that gold increase several times over as we move away from fiat currencies towards a new gold standard.

    Why? Because all the claims that the trillions of fiat money stake on the wealth of this world (e.g. house = £200,000) will be re-evaluated into the limited supply of gold, which is only worth 60 billion dollars at the moment, a fraction of the trillions in fiat out there. So basically paper will become worth less and gold more in terms of purchasing power. This has already been happening for several years, since 2005 in the UK the number of ounces of gold required to buy the average house, for example,has fallen sharply. This trend is set to continue.

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  • general congreve says:

    Seems Greg’s premise ultimately means the US can hold the world to ransom, for a time being anyway. It was our debt that finished the British Empire.

    @5 – Of course as the first comment points out, the guy with the biggest stick usually ends up with the wealth, cue US military-led global domination.

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  • @rumble
    as the someone who mentioned Japan, could you rephrase your question in plain English for me please?
    Ta,
    N

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  • Hello the someone, ie, someone’s been standing at an F1 circuit declaring that there’s something wrong with the cars on the highway, rather than standing at the highway declaring F1 cars are quite fast. Or, someone’s been standing at Chernobyl declaring that the rest of the world’s nuke plants are running a little cool.

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  • GC, “What is currently happening is that the world is on a course to return to the gold standard as the means to define monetary exchange, whether eventually legislated into existence or just through the markets making it a de facto standard.”
    Wouldn’t that require the people making money from fiat fun and games screwing themselves out of that ability?

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  • the number cruncher says:

    GC we have a real currency – its called oil and dollars are oil, and oil is controlled by Americas ‘big stick’

    Gold is history…

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