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dr. cosa on money money money

judge wopner

TRIBE Member
Watch money

Money is the barometer of a society's virtue.

Whenever destroyers appear among men, they start by destroying money. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values.

Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked, 'Account overdrawn.'

Ayn Rand

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gold climbs walls of worry, of naysayers and soothsayers that demand us to continue to eat even when we are full and fat.

gold falls and tumbles downwards in spirals. so sudden and refreshing that all is right in the world of paper promises and ever rising home prices.

oil isnt double its price from 2 years ago becuase we collectivley discovered there will be a shortage. oil costs twice as much becuase twice as much paper currency is needed to buy that same barell. inflation has a sneaky way of realizing itself, despite what the number monkey say, so busy they are drinking eachothers bathwater.

dr. cosa MD
 
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AdRiaN

TRIBE Member
judge wopner said:
oil isnt double its price from 2 years ago becuase we collectivley discovered there will be a shortage. oil costs twice as much becuase twice as much paper currency is needed to buy that same barell.
This makes no sense.

The price of a commodity reflects the collective value placed on that commodity by buyers and sellers. Value is a function of the scarcity of the commodity and the utility of the commodity to consumers.
 
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