Comments for Money Morning

Comment on Is Gold Money?… Don't Ask Ben Bernanke, Examine the Federal Reserve by Skeptical Debunker

Skeptical Debunker — Mon, 13 Feb 2012 18:41:47 +0000

Aristotle WAS quite an "authority" on many things, quite a few of which have been sharply questioned if not proven wrong. Gold's "intrinsic value" is only "intrinsic" if there is something one wants to do with it primarily AS GOLD (manufacture, jewelry, etc.). That is what separates it from paper money. As money alone (a medium for exchange), it has no more intrinsic value than paper money. Indeed, its "intrinsic value" can (and has) fluctuated widely and even wildly. If it is food and water that one needs, and one has one, one has the other, and a third person has only gold, then see who trades what with whom!

Comment on Is Gold Money?… Don't Ask Ben Bernanke, Examine the Federal Reserve by LeeRoy Spirit

LeeRoy Spirit — Mon, 13 Feb 2012 18:06:25 +0000

PORTABILITY is a major component of GOLD's value …
Buying PHYSICAL GOLD and then letting somebody else "STORE" it for you
is ABSOLUTELY INSANE !!

Comment on Is Gold Money?… Don't Ask Ben Bernanke, Examine the Federal Reserve by Anony Mole

Anony Mole — Mon, 13 Feb 2012 17:49:22 +0000

The Fed must go I agree. But the return to a gold standard seems to fall right into the trap bankers for ages have set for the likes of we the commoners. If anything is said of truth within the film "The Secret of Oz" http://www.youtube.com/watch?v=swkq2E8mswI then a gold back dollar is exactly what the bankers want.
It has been my understanding that possession of gold and silver is a hedge against calamity. And in such times fiat currency would become worthless and the traditional currency would be required. Of course, if the collapse is deep enough, even gold and silver will be worthless, and only food, fuel and ammunition will be used for barter.
So, which is it? Does Bill Still have a valid argument? It seem such. Or is the above article's argument more valid? That in lieu of the dollar we should trade with gold and silver?

Comment on Bank Of America Settlement: The Latest News by Deanna Robare

Deanna Robare — Mon, 13 Feb 2012 17:41:35 +0000

Same here! Waiting on my over draft fees back. From improperly posting payments wrong. Stayed with the bank. I have faith. Human error…..

Comment on Is Gold Money?… Don't Ask Ben Bernanke, Examine the Federal Reserve by Fred

Fred — Mon, 13 Feb 2012 17:33:05 +0000

So are we all going to carry gold around in wheelbarrows to buy our groceries? Most people buying gold are just buying promises of gold on paper. When the sh!t hits the fan, do you think you will actually be able to collect your gold? This whole thing is stupid!

Comment on Is Gold Money?… Don't Ask Ben Bernanke, Examine the Federal Reserve by mark noeth

mark noeth — Mon, 13 Feb 2012 16:25:51 +0000

To good men like Mr. Kroger, You are of course correct. However, there is more to the story other than the typical fear/greed cycle. The U.N.'s mission statement is to bring world peace. No surprise there. The U.N. has also stated that as long as wealthy nations have the financial means to conduct war they will continue to do so. As F.D. Roosevelt said, "In politics, nothing happens by accident, it is all planned." The goal of the financial system is to bring world peace. It is done gradually enough that it is imperceptible. Encouraging a "level playing field" does not mean raising the living standard of poor countries rather bringing down the wealthy nations to a level where people will be unable to defend themselves and thus conditions will have no alternative but to revert to this preplanned type of 'peace', albeit in the face of collapsed economies and all that that brings with it notwithstanding. So, all are tied together like mountain climbers. If one slips and falls the others can catch him and prevent his injury or death. So, Greece & Italy are tied to Germany. Can the slide be stopped? Heroics aside, it is mathematically impossible. It is only a matter of time. And the EU is tied to the IMF & World Bank. But those entities will not be doing any of the heavy lifting. So, just as Germany is expected to try to save the PIIGS so to the Federal Reserve will be expected to save the EU. They will 'try'. It will proceed, dare I say "according to plan". The proof of this is in front of us all. Bankers are buying farm land for themselves.

Comment on Is Gold Money?… Don't Ask Ben Bernanke, Examine the Federal Reserve by jrj90620

jrj90620 — Mon, 13 Feb 2012 16:21:06 +0000

You can't have an honest govt that uses a dishonest, 100% fiat currency.Therefore,we have a dishonest govt.I believe dishonesty is rewarded with bad results and that's what is happening to this,once great country.Imagine if weights and measurements weren't fixed.What would happen if you bought a gallon of milk or gasoline and govt could change what a gallon was,at it's will?

Comment on Is Gold Money?… Don't Ask Ben Bernanke, Examine the Federal Reserve by Ardbuckle2

Ardbuckle2 — Mon, 13 Feb 2012 15:46:07 +0000

To Dave go you to Bullion Vault and fill your boots !
For a tiny monthly fee, they will look after it for you.
There are others, Bullion Vault works for me !
Now get going !
Tom

Comment on 2012 Natural Gas Price Forecast: Why to Avoid the "Widow Maker" by TONY

TONY — Mon, 13 Feb 2012 15:25:37 +0000

THats a great way to use up clean energy mAKE AND USE ELECTRIC FROM GAS AS WELL

Comment on Is Gold Money?… Don't Ask Ben Bernanke, Examine the Federal Reserve by Ken Okko

Ken Okko — Mon, 13 Feb 2012 14:44:01 +0000

Keep in mind that Ron Paul equates to real money aka gold and silver. And ALLof his opponents
are Establishment grade zealots who are pro the Federal Reserve and their counterfeit fiat fake funny money. Time to End The WarS, End The Foreign Aid, End the cheating on the money via The FED. Ron Paul 2012 Rand Paul 2016 We started out in 1776 honest and with small government and real money. Time to return to being honest and having a small government and real money aka Libertarianism IMO

Comment on Is Gold Money?… Don't Ask Ben Bernanke, Examine the Federal Reserve by Thomas G. Kroger

Thomas G. Kroger — Mon, 13 Feb 2012 14:18:44 +0000

This excellent, and timely piece clearly depicts what some of us have long suspected, and now know for a certainty. Fiat currencies are an intrinsic LIE, and every single one of them, without exception has failed. That is historic fact. Once republics become empires, the financial sector, which is analogous to a society's nervous system, copies the techniques adopted by goldsmiths, the world's first modern bankers, and begin issuing receipts exceeding the amounts of gold they hold in deposits. THAT was the historic origin of fractional reserve banking and fiat currencies, and the practice was protected by the King, because he understood his own need to have unlimited credit with which to wage war. It is that ugly, and simple, and the facts I've related here are simply economic history. So there you have it. If you want to be a victim, go ahead and believe what you are told about paper currencies being actual money. If, instead you want to take charge and have some say in your personal destiny in this life, own some life insurance in the form of gold and silver, that equally important secondary monetary metal. The choice is up to you. Best Wishes, TGK

Comment on Is Gold Money?… Don't Ask Ben Bernanke, Examine the Federal Reserve by David

David — Mon, 13 Feb 2012 14:14:13 +0000

We(THE COMMON SCHMUCKS) are told to buy Gold and Silver and other precious metals !We see the quoted prices !Yes,but,the prices quoted are unavailable to us !AND, when we sell these items back,we can't get what we paid !This is catch-22 at work!No matter what we do,WE ARE SCREWED !Besides,IF we could get those precious metals at todays HA HA ,fair prices,how can we SAFELY store them? For God's sake Ben;shut off those printing presses before we revert to Feudalism;because I can see that coming,even 'tho I'm just a COMMON SCHMUCK! And while we are at it,let's stop accepting being pushed around by these new minorities as we did to the Indigenous peoples we found here?Isn't it strange how history repeats itself !

Comment on Is Gold Money?… Don't Ask Ben Bernanke, Examine the Federal Reserve by Jonathan

Jonathan — Mon, 13 Feb 2012 13:22:40 +0000

If Fisher's portfolio is 21 million and he only has 1 million of it in gold, that means only 5% is invested in precious metal. Typical advice says you should hedge your portfolio with 10% in precious metals. I hardly call someone who has invested 5% of his portfolio in gold a "gold bug." I rest my case.

Comment on Is Gold Money?… Don't Ask Ben Bernanke, Examine the Federal Reserve by Brian Panes

Brian Panes — Mon, 13 Feb 2012 12:28:28 +0000

No need to modify it.

Comment on Is Gold Money?… Don't Ask Ben Bernanke, Examine the Federal Reserve by Brian Panes

Brian Panes — Mon, 13 Feb 2012 12:27:03 +0000

Banks are committing fraud through fractional reserve banking. They are receiving interest on money produced out of thin air (money that does not exist). This would be impossible if we were on a true gold standard.

Comment on Is Gold Money?… Don't Ask Ben Bernanke, Examine the Federal Reserve by Golden Girl

Golden Girl — Mon, 13 Feb 2012 12:23:19 +0000

Gold is money. Always has been , always will be. Am I a gold bug…you betcha! Just observe the interest in purchasing silver and gold coins on ebay. They can't keep up with the demand for portable pre decimal silver content coins…being sold by the kilo! In my opinion, spot gold has the possibility of dropping back down to the high $1500.XX's, and is currently at around the October 2011 physical delivery months closing price. IF, it does drop down to Decembers phyiscal delivery months closing price, I'll be buying more, (and more, and more), and consider myself a very lucky lady.

Comment on Is Gold Money?… Don't Ask Ben Bernanke, Examine the Federal Reserve by Robert Stone

Robert Stone — Mon, 13 Feb 2012 12:15:05 +0000

very good article. so now since they know that we know, what will they do with silver and gold… outlaw it probably.. so they can own all true wealth and us only paper. Kill the fed.

Comment on Five Ways to Make 2012 Your Best Year Ever by isaac ofori

isaac ofori — Mon, 13 Feb 2012 10:06:53 +0000

money for my education pls help me

Comment on Fuzzy Math, Greater Fools and the Facebook IPO by Mina Teal

Mina Teal — Sun, 12 Feb 2012 22:44:15 +0000

Dear Folks

I have just come a board. I have lots of goodies to get into. I think you are wise to stay to stay away from Facebook. I think to many bankers and ect. will try to make to much money out of it when first comes on board. Let it cool away down then look at it.
Mina Teal

Comment on Iran is Now a Full-Blown Crisis, Stage Set for $200 Oil by Jim M

Jim M — Sun, 12 Feb 2012 20:14:56 +0000

I think we need to clean our own closet before we go elsware. our own congress cant get along and make the rite dicision that benifits the people of this country. If we were to start at home and teach our familiys basic matters maybe the country would follow including congress. I cant not belive these people cant decide whats rite for our country and put aside there political belifes. This world would be better off if we took care of our own first and then all the others. Example: give $ to the companys that (i think started this econmic setback) Who realy knows! Please excuse my spelling. I am uneployed and very mad about the help we arent getting. Thanks for you time

Comment on Fuzzy Math, Greater Fools and the Facebook IPO by MARK KEMPER

MARK KEMPER — Sun, 12 Feb 2012 19:32:22 +0000

You can not use the number of users because so many of the users have dormant accounts. They post for a week or two then hardly look at it again. I like Google+ better but Google messed up and kept it invite only for too long. All Facebook has to do is have one really bad misstep an a lot of Facebook users already have inactive accounts on Google+ they can move too.

Comment on Fuzzy Math, Greater Fools and the Facebook IPO by Mike

Mike — Sun, 12 Feb 2012 17:50:45 +0000

This isn't just a simple case of a sucker and his money soon parting, but how they ever got together in the first place. This is not an investment but a day trade looking to dump stock on the bigger sucker because at the end of the day, all you have left is a piece of wothless paper. He is just a carny with face paint. " This way to see the egress" for all you older folks.

Comment on Iran is Now a Full-Blown Crisis, Stage Set for $200 Oil by Phil

Phil — Sun, 12 Feb 2012 17:42:20 +0000

There have been some comments that generally say that Iran is as entitled to have nuclear weapons as any other country including Israel. Actually, in reality, no country should have nuclear weapons but that ship has sailed. The difference as I (and many others) see it is that Israel is an island in a sea of Islam, most of them radicalized with the intent on the destruction of Israel. The only deterrent is that Israel has nuclear weapons and the delivery systems to protect themselves. They are not the aggressors. Iran on the other hand is a radical Islamic state dedicated to the destruction of Israel and the domination of the middle east (and the world?). They are known supporters of terrorist organizations and would not hesitate to supply them with the weapons to attack their mutual enemies – any non – fundamentalist Islamic country (Israel, USA?). I don't want to even think about Iran with a nuclear weapon and long range bombers to deliver them. A person could probably make a case that if any country has nuclear weapons then all countries should have nuclear weapons – sounds fair and good in some non-existent, idealistic world. The reality is more complicated. History has placed the U. S. in the unenviable position of trying to limit nuclear proliferation to the benefit of the rest of the world – if not us then who? Iran should not make the mistake of underestimating Israel's intent to stop the development of a nuclear weapon that would ultimately be used against them.

Comment on Mortgage Settlement Just the Start of Trouble for Bank of America (NYSE: BAC) and Friends by GlueBall

GlueBall — Sun, 12 Feb 2012 17:32:59 +0000

I've had a BoA checking account for 5 years until one day I was charged $5 transaction fee by BoA for checking my debit card balance at a foreign ATM machine. Just checking my balance, NOT making a withdrawal. It was the straw that broke the camel's back. Since then, my financial energy has been focused on nothing but getting my money back 10,000 times over, focused on making money off this obnoxious, fee-rip-off zombie bank. So far, that $5 rip-off fee has already cost BoA and its shareholders $21,000, and I'm not done yet.

Comment on Iran is Now a Full-Blown Crisis, Stage Set for $200 Oil by W.G.Staley

W.G.Staley — Sun, 12 Feb 2012 16:12:14 +0000

Yes where all of the weapons of mass distruction in Iraq. Yes we have become a country of followers. It is a shame that we the people have no more say in our govt's doing. That is from our little local elected officials, police, state officials all the way up to the top echelion.
You are so correct in your assumtion that we are afraid of loosing what little the elite allow us to have. Great insight that you have…