Effect of 1100 gold price on 3rd world economic growth

[bimetalaupt]

I was trying to make heads or tails on Joe And Steven comment on the growth of third world income distribution..They also  said the Pope had said something about income distrubution..Like McD's wages..We there is not dought the deteration   in V1 is a sign of a weak economic class.  How will government ownership cure this Problem?

BiMetalAuPt

[bimetalaupt]

More on super-cycle of efficiency driven economy....BiMetalAuPt.
Criticism of long cycles
Kondratiev waves associated with gains in IT and health with phase shift and overlap, Andreas JW Goldschmidt, 2004.

Long wave theory is not accepted by most academic economists, but it is important for innovation-based, development, and evolutionary economics. Among economists who accept it, there has been no universal agreement about the start and the end years of particular waves. This points to a major criticism of the theory: that it amounts to seeing patterns in a mass of statistics that aren't really there.

Moreover, there is a lack of agreement over the cause of this phenomenon. Health economist and biostatistician Andreas J. W. Goldschmidt searched for patterns and showed in 2004 phase shift and overlap of the so-called Kondratjev cycles of IT and health (shown in the figure). He says that historical growth phases in combination with key technologies does not necessarily imply the existence of regular cycles in general. Goldschmidt is in the opinion that different fundamental innovations and their economic stimuli do not exclude each other, they mostly vary in length, and their benefit is not applicable to all participants in a "market“. [25]
See also6. (2015–2035?) The hypothetical wave of the post-informational technological revolution
For the end of an application phase of any wave there are typical an economic crisis and stagnation. The economic crisis in 2007–2010 is a result of the coming end of the "wave of the Information and telecommunications technological revolution". Some authors have started to predict what the sixth wave might be, such as James Bradfield Moody and Bianca Nogrady who forecast that it will be driven by resource efficiency and clean technology.[23] On the other hand, Šmihula himself considers the waves of technological innovations during the modern age (after 1600 AD) only as a part of a much longer „chain“ of technological revolutions going back to the pre-modern era.[24] It means he believes that we can find long economic cycles (analogical to Kondratiev cycles in modern economy) dependent on technological revolutions even in the Middle Ages and the Ancient era.

[Virgil Showlion]

Oy. K Cycles. If you get any use out of them, more power to you.

[bimetalaupt]

Dec 4, 2013 4:18:58 GMT -5 Virgil Showlion said:

Oy. K Cycles. If you get any use out of them, more power to you.

Virgil,
More then anything else , I am talking about the Pope's Papal paper on world poverty caused by
"Free market Capitalism" being inferior to Socialism. I just did not talking about it as political by Cycle K6....Efficiency of raw material..recycling.

[Virgil Showlion]

Dec 4, 2013 12:29:26 GMT -5 bimetalaupt said:

Dec 4, 2013 4:18:58 GMT -5 Virgil Showlion said:

Oy. K Cycles. If you get any use out of them, more power to you.

Virgil,
More then anything else , I am talking about the Pope's Papal paper on world poverty caused by
"Free market Capitalism" being inferior to Socialism. I just did not talking about it as political by Cycle K6....Efficiency of raw material..recycling.

I'm not enamored of anything archbishop Francis is doing, Bruce, so I wouldn't be the most objective evaluator of his paper. It doesn't surprise me that he put one out.

Lapsed Catholics are apparently quite enthused with him. While the protestant churches continue to slowly lose members, Catholic church attendance has risen 20% since he acquired the papacy.

[bimetalaupt]

THE DEPRESSION OF 1876 GAVE GERMANY SOCIAL SECURITY. THE LIBRAL FARM MOVEMENT GAVE NORTH DAKOTA A BANK FOR EMPLOYMENT AND STABLE FARM LOANS.

THE DEPRESSION OF 1935 GAVE TEXAS FARM BANK BACKING BUT NOT MONEY. I JUST DO NOT UNDERSTAND THE DETAILS ABOUT HOW GOVENMENT OWNERSHIP IS BETTER THEN “FREE MARKET CAPITALISM”.

AS YOU SID ARCHBISHOP FRANCES IS THE MAN NEEDED.. GREAT POINT

BI
SORRY ABOUT CAPS..UP 18 HOURS...

[bimetalaupt]

When I was a very young investor I took a large (for me at thee time) on American and Forrian Power when the Bolivia government nationalized it.  In college I was told the Government c ould not borrow any money and no American would invest in Bolvia..c1966.  The super-cycle in oilprices is killing Boliv ia..One of the most Social States in South America.   BiMetalAuPt
CIA
www.cia.gov/library/publications/the-world-factbook/geos/bl.html


Bolivia is one of the poorest and least developed countries in Latin America. Following a disastrous economic crisis during the early 1980s, reforms spurred private investment, stimulated economic growth, and cut poverty rates in the 1990s. The period 2003-05 was characterized by political instability, racial tensions, and violent protests against plans - subsequently abandoned - to export Bolivia's newly discovered natural gas reserves to large Northern Hemisphere markets. In 2005, the government passed a controversial hydrocarbons law that imposed significantly higher royalties and required foreign firms then operating under risk-sharing contracts to surrender all production to the state energy company in exchange for a predetermined service fee. The global recession slowed growth, but Bolivia recorded the highest growth rate in South America during 2009. During 2010-12 high world commodity prices sustained rapid growth and large trade surpluses. However, a lack of foreign investment in the key sectors of mining and hydrocarbons, along with growing conflict among social groups pose challenges for the Bolivian economy.
GDP (purchasing power parity):

$56.14 billion (2012 est.)
country comparison to the world: 93
$53.34 billion (2011 est.)
$50.72 billion (2010 est.)
note: data are in 2012 US dollars
GDP (official exchange rate):

$27.43 billion (2012 est.)
GDP - real growth rate:

5.2% (2012 est.)
country comparison to the world: 57
5.2% (2011 est.)
4.1% (2010 est.)
GDP - per capita (PPP):

$5,200 (2012 est.)
country comparison to the world: 157
$5,000 (2011 est.)
$4,900 (2010 est.)
note: data are in 2012 US dollars

[Aman A.K.A. Ahamburger]

Dec 4, 2013 21:16:13 GMT -5 bimetalaupt said:

THE DEPRESSION OF 1876 GAVE GERMANY SOCIAL SECURITY. THE LIBRAL FARM MOVEMENT GAVE NORTH DAKOTA A BANK FOR EMPLOYMENT AND STABLE FARM LOANS.

THE DEPRESSION OF 1935 GAVE TEXAS FARM BANK BACKING BUT NOT MONEY. I JUST DO NOT UNDERSTAND THE DETAILS ABOUT HOW GOVENMENT OWNERSHIP IS BETTER THEN “FREE MARKET CAPITALISM”.

AS YOU SID ARCHBISHOP FRANCES IS THE MAN NEEDED.. GREAT POINT

BI
SORRY ABOUT CAPS..UP 18 HOURS...

And this crisis will give us free enterprise.  Where every man, woman, and child on earth is free to choose to take part in an economic system that "recycles" money.  Kinda like a sideways eight..  

You touched on it in the inflation thread B, there is already a whole sub economy, a capatalist one, that is supporting the death of socialism.  It's just a matter of time before the whole system transforms back to what it originally started out as, except for one small detail; everyone will have a chance to take part. 

As far as what the pope was saying, from what I can tell, he was talking about greed.  Bottom line, the pope can say what he wants, fact is the ultra rich are going to have to invest in the bottom to build a solid foundation for their empires to continue.  The govts of the world are broke because for the last 30-40 years people in the west have looked to politicians to solve their problems.  Are the millennials going to be the next greatest generation?? 

[Aman A.K.A. Ahamburger]

The effect of gold at 1100 on the third world is all positive. Gold at 1100 means the USA is healthy and growing, which helps the global economy. Gold at 1100 gives the the emerging world a way to store their wealth from China's major melt down, and with gold at 1100 the USA can revalue their gold up from 33. This will help strengthen the faith in the UST and the US bonds that the emerging markets are built upon.

Zionism and capitalism: The quest for freedom

[bimetalaupt]

Dec 7, 2013 23:06:52 GMT -5 Aman A.K.A. Ahamburger said:

The effect of gold at 1100 on the third world is all positive. Gold at 1100 means the USA is healthy and growing, which helps the global economy. Gold at 1100 gives the the emerging world a way to store their wealth from China's major melt down, and with gold at 1100 the USA can revalue their gold up from 33. This will help strengthen the faith in the UST and the US bonds that the emerging markets are built upon.

Zionism and capitalism: The quest for freedom

A+++,
Yes but Steve Liesman point was directed at the Pope's Paper.  He stated that the income disparity in the third world was the product of "Free Market Capitalistic" and socialistic Federal Ownership was more efficient.   Social states had a higher V1 and was more constant then "Free-Market Capitalistic" NATIONS.  JUST LOOK AT GREECE AND SPAIN.  BOTH HAVE V1 OF ABOUT 11...USA =5.  We see this as Nationalizing Local resources and giving worthless paper to the current owners like the Mexican take over of the oil field. Bolivia took over the Electric system in the 1960 with Paper worth 5% of the value of the assets.

Larry Kudlow that night had an debate on the Pope's paper and he said the Pope was more anti Free Market Capitalism.. You know where Larry stands on that. 

Just a thought,
Bi

[Aman A.K.A. Ahamburger]

Bi,

I should read the paper I was going off different articles that I have seen and a few different people I know said he was talking about greed. If he said socialism is better then he doesn't get economics and is missing that Cuba, India, the Ukraine, ect, ect have all moved towards what we are doing.

It's interesting I was reading an article in the Harvard businesses review, it was talking about the unique position The US is in. How the top 95% of the population has captured the majority of the income gains in the last five years and how this is an unprecedented situation in US history. The author couldn't figure out how it could happen or how the US would get out of this situation. I had to laugh. This guy has gone to Harvard and he can't see that because of a safety net that allows people to live comfortably and unproductive it's created a situation in which the go getters can get more. The author also fails to see the whole sub economy/manufacturing/oil and natural gas revolution.

The pope can say what he wants about free market capatalism, it's only been around for about 150 years and things are better than they have been at any time in the 1700 and some odd years that the Vatican was in charge. Pope Francis will understand when JC's economic evolution is full circle....

[bimetalaupt]

Dec 10, 2013 23:43:09 GMT -5 Aman A.K.A. Ahamburger said:

Bi,

I should read the paper I was going off different articles that I have seen and a few different people I know said he was talking about greed. If he said socialism is better then he doesn't get economics and is missing that Cuba, India, the Ukraine, ect, ect have all moved towards what we are doing.

It's interesting I was reading an article in the Harvard businesses review, it was talking about the unique position The US is in. How the top 95% of the population has captured the majority of the income gains in the last five years and how this is an unprecedented situation in US history. The author couldn't figure out how it could happen or how the US would get out of this situation. I had to laugh. This guy has gone to Harvard and he can't see that because of a safety net that allows people to live comfortably and unproductive it's created a situation in which the go getters can get more. The author also fails to see the whole sub economy/manufacturing/oil and natural gas revolution.

The pope can say what he wants about free market capatalism, it's only been around for about 150 years and things are better than they have been at any time in the 1700 and some odd years that the Vatican was in charge. Pope Francis will understand when JC's economic evolution is full circle....

According to Larry Kudlow..The Pope might be talking about a primitive form of capitalism..Crowney Capitalism.   Steve Liseman did say V1 under classicism is higher and more stable..All money spent with each pay day..hand to mouth!!..Is that what the pope calls efficient Money USE??  Classicism Commercialism had a low personal wealth but freedom to grow..Socialism is a trap like living in the heathendom. 

Just a thought,
Bi

[bimetalaupt]

Dec 10, 2013 23:43:09 GMT -5 Aman A.K.A. Ahamburger said:

Bi,

I should read the paper I was going off different articles that I have seen and a few different people I know said he was talking about greed. If he said socialism is better then he doesn't get economics and is missing that Cuba, India, the Ukraine, ect, ect have all moved towards what we are doing.

It's interesting I was reading an article in the Harvard businesses review, it was talking about the unique position The US is in. How the top 95% of the population has captured the majority of the income gains in the last five years and how this is an unprecedented situation in US history. The author couldn't figure out how it could happen or how the US would get out of this situation. I had to laugh. This guy has gone to Harvard and he can't see that because of a safety net that allows people to live comfortably and unproductive it's created a situation in which the go getters can get more. The author also fails to see the whole sub economy/manufacturing/oil and natural gas revolution.

The pope can say what he wants about free market capatalism, it's only been around for about 150 years and things are better than they have been at any time in the 1700 and some odd years that the Vatican was in charge. Pope Francis will understand when JC's economic evolution is full circle....

A+++,

Eric and I were talking about the dark ages and our relationship to farming soil too cold for crops.  Romans grew grapes in England..Again we are growing grapes in England.
again the world temperature and pain everation rates are regressing to the normal..Greenland could be green again. 

I now see the problem with the production system .. lack of money transfer like during the Roman period.  Did the church destroy industry?  Lack of money? Lack of Markets? TOO  much Free-Market capitalism?? Or crop failure and starvation!!

B

[Aman A.K.A. Ahamburger]

BiMtl,

I would agree that we are regressing to the mean temperature and not actually warming overall. The proof that it's mean temp and not man made warming? Something as small as a Native American fossil from 24,000 years ago, with European DNA. Artifacts like this really show how much we have moved around in the past on the bare, uncovered ground.

I think that without a doubt we are moving towards Greenland becoming more than ice and tundra. It's not just Greenland either, Northern Canada, Northern Russia, and Alaska will also become more fertile(farming) ground. It's not to say there won't be winter, but to say there is a food crisis because of lack of available land is short sighted without a doubt. It's not an issue like during the dark ages because back then they weren't wasting 50% of the food they produced.

I 110% believe that part of God's plan that JC acted out was to have the Church destroy the old way of commerce and rebuild a new system(in thy name). After Christianity was forced onto Rome and they went into the Mid East as a Christian Abrahamic army, it was the Christian Mohammad and his followers creating Islam that stopped world trade as it was before Christ was here. So in a way the Church did destroy commerce, but in another way it started a new chain of events centred around JC, which of course leads us to today and the dawning of commerce built on respect for all people.

As far as money transfer issues similar to Rome, I would have to disagree with you there. I would say that our money transfer issues are coming from the idea that our country owes us something, which actually comes from Otto Van Bismark.... That's why balance will come into this whole situation. Unlike Rome we don't live in a situation where we are forced to live off of govt handouts, people are just choosing it. Now that the govt is broke and this new economic system is still going strong, choosing to have idle hands will no longer be an option. People will be forced into making something happen for themselves which will stop the transfers all together.

In other words, the lack of participation in the free markets will be solved naturally and they will start to operate more efficiently and effectively. This will solve the imbalances that exists across the macro and micro levels on both national and global levels. In turn, guys like the Pope that bash free market capitalism will one day thank God and praise it for the true work of JC that it is.

Later,

[Value Buy]

You two are way over my pay scale.

[Aman A.K.A. Ahamburger]

Appreciate the compliment VB, but my pay grade isn't above much my friend, lol... Us little guys gotta keep our edge so we can start to fight back against these aholes that manipulate others.

[bimetalaupt]

THE GOLD MARKET IS KNOWN FOR TRAPS AND TRADES...OR IS THAT PRATES..COMPUTER FAILURE OR MISGUIDED MATHEMATICAL MODELS?..WHO KNOWS AND WILL PAY FOR THIS?

UNSTABLE MARKETS DO NOT MAKE FOR INVESTMENT QUALITY..GOLD HAS BEEN A BET AND MOST LIKELY ALWAYS WILL BE. 

Just a thought,
BiMetalAuPt

Gold futures (: @1gc14g) plunged more than $30 at 10:14 a.m. EST on Monday morning, before regaining nearly all of that drop within the same minute.

The swift move triggered a 10-second pause in trading, and many market participants said a single trading error was probably to blame.

"What has a tendency to happen if someone does a fat finger trade is that it triggers stops that people leave in," said Matthew Hoverman, senior trader at Grafite Capital. "There is a high likelihood that that's what happened today."

When traders buy gold (or any other futures contract) they often do so with a "stop-loss order," which limits the amount of money that can be lost by automatically selling out of a long position when gold trades down to certain level.

This can compound swift moves, because an initial sale executed poorly or in error sends the market lower, triggering stop losses, which generates more selling, and in turn triggers more stop losses.

This snowball effect explains why the gold market can drop some 2.5 percent in seconds, as it did on Monday morning.

This swift drop led the CME to trigger a 10-second trading pause, known as a "Velocity Logic Event," from 10:14:12 a.m. EST to 10:14:22 a.m. EST. After this pause, gold regained nearly all of those losses, trading back up to $1,235 in the same minute and getting up to $1,242 by 10:27 a.m.

"Logic events are not out of the ordinary for electronic markets," CME Group spokesperson Damon Leavell wrote to CNBC.com. "All trades stand and our technology performed as designed."

[Aman A.K.A. Ahamburger]

It's pirates, they just use computers now.. Gold is by far the biggest ponzi scheme.

Speaking of computers, I found an old vid card, that was all that was wrong with my PC base. In the process of setting up refurbished system. No new super iron, but a station to put something together that will be better than gold.

More later.

[bimetalaupt]

Jan 7, 2014 23:50:42 GMT -5 Aman A.K.A. Ahamburger said:

It's pirates, they just use computers now.. Gold is by far the biggest ponzi scheme.

Speaking of computers, I found an old vid card, that was all that was wrong with my PC base. In the process of setting up refurbished system. No new super iron, but a station to put something together that will be better than gold.

More later.

A++++,
 I was talking about all the Promotion of gold for the last 15-18 months!!!  You are also correct they are Pirates of your income selling a bet and an investment.. And idly telling you you will get rich..

BiMetalAuPt

prate (prt)
v. prat·ed, prat·ing, prates
v.intr.
To talk idly and at length; chatter.
v.tr.
To utter idly or to little purpose.
n.
Empty, foolish, or trivial talk; idle chatter.
[Middle English praten, from Middle Dutch prten.]
prater n.
prating·ly adv.

[Aman A.K.A. Ahamburger]

,


Ah, of course it was something clever. Must be why you have a PhD and I am but a lowley stable boy.. . Well in that case, those damn pirates did prate the hell outta gold the last couple years....

God bless,

[Aman A.K.A. Ahamburger]

The effect of gold at 1100 in 3rd world economies?? Wow! Gold is a huge a ponzi scheme, without a doubt.

Will China drop gold next?

Apparently Chinese consumers had rediscovered their affection for the yellow metal and gone bargain hunting after prices shed 28% last year. The China buying dynamic was credited with restoring gold prices to their upward trajectory.

But now, a succession of holes in the bullish China gold-demand story have appeared.

Last week, the World Gold Council (WGC) forecast China demand would likely be flat this year, suggesting last year’s surge was a one-off event.

There was also a worrying explanation as to why Chinese gold demand slowed so precipitously: The WGC revealed that China may have more than 1,000 tonnes of gold tied up in financing deals.

This suggests a big chunk of China’s gold demand is a part of another growth story, namely the spectacular growth in China’s shadow banking, for which that the government is now trying to apply the brakes.

Put another way, gold demand in China has become a function of the enormous yuan carry trade, where U.S.-dollar borrowing has been used to fund exposure to all sorts of yuan investments.

Reports suggest using gold as collateral was just another way to secure U.S.-dollar loans which could then be funneled back into China.