Comments on: Popping Wall Street’s Bubble http://chengrob.com/blog/2009/01/popping-wall-streets-bubble/ Formerly, My Stoned Thoughts Tue, 07 Sep 2010 01:21:43 +0000 http://wordpress.org/?v=2.6.1 By: This http://chengrob.com/blog/2009/01/popping-wall-streets-bubble/#comment-2082 This Wed, 06 May 2009 05:01:20 +0000 http://chengrob.com/blog/?p=508#comment-2082 <strong>This...</strong> Have you been blogging long? Michael Lewis on "Wall Street Boom and Bust" " ProxyDemocracy Blog is a great blog, you have a great writing style too. Found this post last Wednesday and i've been reading your blog since. I've subscribed to your RS... This…

Have you been blogging long? Michael Lewis on “Wall Street Boom and Bust” ” ProxyDemocracy Blog is a great blog, you have a great writing style too. Found this post last Wednesday and i’ve been reading your blog since. I’ve subscribed to your RS…

]]> By: Former GTW Marketing http://chengrob.com/blog/2009/01/popping-wall-streets-bubble/#comment-1953 Former GTW Marketing Sat, 14 Feb 2009 19:45:12 +0000 http://chengrob.com/blog/?p=508#comment-1953 Rob, Low interest rates on T-Bills & CD's are here to stay for a long, long time BECAUSE of internationally coordinated quantitative easing (ICQE). What WILL increase is the rate of inflation. After the worldwide central banks are finished with ICQE in roughly 10-12 years, they will re-monetize gold. Debt is money with a variable or fixed-rate coupon attached to it (interest). Our federal gov has roughly $12 trillion in debt right now; in ten years this will likely be in the neighborhood of $26-$28 trillion. Between the federal reserve and treasury, our government currently holds roughly 300 million-ounces of gold (this is public info). Once all industrialized nations re-monetize gold, each nation's gold holdings will be valued, in each country's respective currency, at the same price as the amount of government debt, while severely restricting a nation's ability to "print" their way out of a problem. Gold production increases at a rate of 1-1.5% per year, and this would be the percentage that a country could increase their money supply, if they choose not to increase the money supply while increasing gold reserves, their currency's relative value (internationally) will increase. At CURRENT U.S. debt levels, an ounce of MONETIZED gold would be worth around $50,000. Watch. - Viper Rob,

Low interest rates on T-Bills & CD’s are here to stay for a long, long time BECAUSE of internationally coordinated quantitative easing (ICQE). What WILL increase is the rate of inflation.

After the worldwide central banks are finished with ICQE in roughly 10-12 years, they will re-monetize gold. Debt is money with a variable or fixed-rate coupon attached to it (interest). Our federal gov has roughly $12 trillion in debt right now; in ten years this will likely be in the neighborhood of $26-$28 trillion. Between the federal reserve and treasury, our government currently holds roughly 300 million-ounces of gold (this is public info). Once all industrialized nations re-monetize gold, each nation’s gold holdings will be valued, in each country’s respective currency, at the same price as the amount of government debt, while severely restricting a nation’s ability to “print” their way out of a problem. Gold production increases at a rate of 1-1.5% per year, and this would be the percentage that a country could increase their money supply, if they choose not to increase the money supply while increasing gold reserves, their currency’s relative value (internationally) will increase.

At CURRENT U.S. debt levels, an ounce of MONETIZED gold would be worth around $50,000.

Watch.

- Viper

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