OOOOOOOOOtawa. j'ai faite exactement ces 3 premiers éléments l'année passée. Delicieux.

QFT

Yeah but some people say that the price of an ounce of gold would go up to 5000$ in the long run (currently 1100$)

I'm not sure what to think about that. If it does though it is more than likely that extracting gold will be a good industry unless the raise in the price of gold is combined with a similar raise in inflation.

I'd like to understand the view that those people have really but I don't

Does your book talk about this a little?

I'd be happy to hear your thoughts on that!

the bad business investment part

Privately owned meaning it's owned by persons, not by the american governement.

Public company meaning although it's not traded on the stock market, its Annual reports amongst other things are known and open to the public.

Hey Aprizm I'm even more in a rush can you drop the price even more as I'm used to pay 80$ for it?

Yes the Fed is privately owned but it's still a public company I'm not arguing on that???

So what are we left with? What seems to be the problem?

You seem to think that the Fed's profit don't go to the governement.
Am I right?

[Part of the Fed's Annual Report, year 2007]


(k) Interest on Federal Reserve Notes

The Board of Governors requires the Reserve Banks to transfer excess earnings to the U.S. Treasury as interest on Federal Reserve notes, after providing for the costs of operations, payment of dividends, and reservation of an amount necessary to equate surplus with capital paid-in. This amount is reported as "Payments to U.S. Treasury as interest on Federal Reserve notes" in the Statements of Income and Comprehensive Income and is reported as a liability, or as an asset if overpaid during the year, in the Statements of Condition. Weekly payments to the U.S. Treasury may vary significantly.

In the event of losses or an increase in capital paid-in at a Reserve Bank, payments to the U.S. Treasury are suspended and earnings are retained until the surplus is equal to the capital paid-in.

In the event of a decrease in capital paid-in, the excess surplus, after equating capital paid-in and surplus at December 31, is distributed to the U.S. Treasury in the following year.





SO:

Interest on U.S. Government Securities: $40B
Payment to U.S. Treasury ... $34B
The 6 billion is lost in administrative crap + dividends to members of the Fed

Is this sad, yes.
Is this conspiracy?
No.

In 1929 the system was gold backed. It did not cover anyone's ass against bank runs.

The current system with 10%paper (non gold-backed) and 90% virtual is ok.
Like I told you the problem is not the fact that it's not gold backed.
The problem is injecting that much money in the system.
Finding or extracting a gold mountain wouldn't solve the problem.

As a form of money I would rather use 100% virtual if it was possible and safe.

?

"Wake up! Whatever made you think that metal was so valuable?"
- Me


Let me tell you a little story

After the invasion of Peru the Spanish had a lot of "precious metals" (gold, silver...) They took all that metal to Europe, they flooded their market with all that extra shit.

Guess what happened, the value of Gold & Silver dropped. Offer and demand rules the market, that's good for any currency. It does not matter how you inject it or what currency you use, if you inject too much, the prices are going to raise, that's inflation.

SO:

The current US problem is not that their currency is not GOLD BACKED.
ANY CURRENCY IS GOOD: (SALT, PAPER, CLAY, GOLD, VIRTUAL).
Paper (10% not even monetary mass) currency or even virtual (90%+ monetary mass) currency is OK as long as it is movable, dividable, recognisable and that people trust the system.

FIDUCIARY comes from the latin Fiducia (Trust)

blaw chu fatigué a jorb a cause de tsa. ctai worth it tho

igloofest avec drop the lime
picnik avec skream
eclipse

DOES HE LOOK LIKE A BITCH?

la, la.

moi aussi jtaime. jten break syndical.

viens au bureau nous dire bonjour hostie.

Hi !

le glitch-drance a son meilleur, point finale.
sans blague les drum sont vraiment ill.
manque de bass, mais en général c'est 1000x mieux que cke certains montréalais sortent de leur fesses.

keep it up!

fuck yeah. talent right here.

Hi,

I lost my bag at Jupiter yesterday night. A black Billabong bag.
Nothing of value in it.
A few school books, notes, pen, ...

50$ to anyone who finds it.

call me at 514-686-7283

Thanks!

METZEN RÉCIDIVISTE PARTIZAN!
YHEAAAAAAAH

sup!

Oh ok they had to do renovations... I get it now!
Those people are so lucky... every time they have to do renos, disasters seems to happen to them!

j'ai entendu dire que du monde vendaient des billets quils avaient dextra sur ce site.
c'est ici meme sur ce thread ou ailleurs'????

merci.

who the fuck is Mike Cammalleri

bonne fête en avance de 364jours moustachio.

:D

:D

swooooooooooosh!

c'est la première émission non-cartoon que j'ai écouter ever.

erm.....

ok this is totally out of the subject but.. where is dj wood nowadays?

Bonjour M. Clément,

Auriez-vous l'obligeance de me retirer de votre liste d'envoi, car je ne
travaille plus à l'arrondissement du Plateau-Mont-Royal.

Merci de votre attention.

Christyne Ouellet

yo mad props to matduke, smartyz & kannibalz for hitting the top!
u guys are bigger than Luna-C, UFO & Hixxy this week ^-^

amen.
Hitler would be proud of them!

mondieuc'estlafindumondecepartyétaitpleinsdemaniacs

I can do a LIVE PA with rock band

oui.