virtual money and economics

[whitenight639]

hey guys iv always been of the understanding that GOld bullion and diamonds were the foundation of all economies, i thought they had to have atleast 10% of the countries money in gold bullion (hence i promise to pay the bearer on our paper notes).
Just found a publication on the bank of englands websie and it says:

The UK remains a significant holder of gold:
we have around 315 tonnes, worth $3½ billion at the current price, making us, still, amongst the largest twenty official holders.

SO how does that make 10% of $2.228 Trillion?? (GDP) (2005 Est.)(UK)
im not an economist but the GDP is calculated by GDP = consumption + investment + (government spending) + (exports − imports). SO i think the bank of england have more than 222billion dollars worth of pretend money based on the GDP.

does that all make sence?? or have i confused myself? 315tonnes is fuck all and i thought all economies were based on gold reserves?

[i_am]

This may interest you

http://www.john-f-kennedy.net/thefederalreserve.htm

[garth]

Hey Whitenight, yes gold reserves used to be the basis of paper money in circulation, not anymore, basically paper money has nothing "solid" to secure it against, this is common, the world over.

The following link make's for great reading on the subject

http://www.usa-the-republic.com/banks/index.html

especially the Ezra Pound book "Secrets of the federal reserve"

cheers...garth

[whitenight639]

Hey Whitenight, yes gold reserves used to be the basis of paper money in circulation, not anymore, basically paper money has nothing "solid" to secure it against, this is common, the world over.

The following link make's for great reading on the subject

http://www.usa-the-republic.com/banks/index.html

especially the Ezra Pound book "Secrets of the federal reserve"

cheers...garth

cheerz for the replies i checked out the JFK thing i did already know why he was assasinated but i didnt know he had the bill passed and then the money got withdrawn !

as for the other link ill check it out didnt know they were allowed to have money based on nothing! i wish i had 4billion i could go and change for gold just to see the look on there faces!

[Anders Lindman]

I'm not sure I would trust gold more than fiat currency. With money I can buy things. Gold has to, in most cases, first be converted to money and only then can I buy stuff. Who decides the value of gold anyway? I wouldn't be surprised if some technology already exists that can convert lead into gold, or that such technology will soon be available.

[xdnax]

this is kinda off topic but relevent all the same. go on my myspace (link in my sig', and look at the pic for my "head in the cloud". there's my take on things!!!)

money (the way it's used at the moment) is NOTHING but control in my opinion.
what you're saying makes sense to me whitenight.

[Anders Lindman]

Another thing about gold that I found interesting, is that up to some years ago, I had no doubt whatsoever about if gold was valuable or not. Of course it was valuable! Everybody knows that! That gold has real value was almost as true a law for me as 2 + 2 = 4. But then I saw that, whoa! Hold on a minute! My idea that gold is valuable is not MY idea. It's an implanted belief. Given to my parents, by their parents, by their parents and priests and scientists and the king and the rest of the gang. A deep, deep social program: gold has solid value.

[whitenight639]

Another thing about gold that I found interesting, is that up to some years ago, I had no doubt whatsoever about if gold was valuable or not. Of course it was valuable! Everybody knows that! That gold has real value was almost as true a law for me as 2 + 2 = 4. But then I saw that, whoa! Hold on a minute! My idea that gold is valuable is not MY idea. It's an implanted belief. Given to my parents, by their parents, by their parents and priests and scientists and the king and the rest of the gang. A deep, deep social program: gold has solid value.

Yer but if you believe in the properties and healing of monatomic gold then you would know why it is valuable and why they base the ecconomies on it, theres loads of other shiny/ pretty substances out there that you could imagine bieng the base of our economy. so thats i think y they use gold and like it locked up in vaults.

[Anders Lindman]

Yer but if you believe in the properties and healing of monatomic gold then you would know why it is valuable and why they base the ecconomies on it, theres loads of other shiny/ pretty substances out there that you could imagine bieng the base of our economy. so thats i think y they use gold and like it locked up in vaults.

I still think that gold is valuable, but I no longer have the firm conviction that gold can be used as an absolute measurement for value.

[lenejento]

Yer but if you believe in the properties and healing of monatomic gold then you would know why it is valuable and why they base the ecconomies on it, theres loads of other shiny/ pretty substances out there that you could imagine bieng the base of our economy. so thats i think y they use gold and like it locked up in vaults.

Yes, I've been thinking of this theory aswell, although I haven't tried monatomic gold and don't know if it works, but this video with Laurence Gardner kinda convinced me abit of it's value: http://video.google.com/videoplay?docid=3102044726280108434&q=monatomic+gold&hl=en

Has anyone here seen it, what do you think about it?

If it's true then no wonder gold has value to them, and here I've thought all my life that it was valuable just because it's pretty and rare :rolleyes:

money (the way it's used at the moment) is NOTHING but control in my opinion.
Yes, I agree. I am confused about money if the LOA works, we can't hate it if we want it to come to us can we? Sorry, I'm going off topic, I am new to forums in general so I'm sorry if I do a few annoying mistakes :o

[whitenight639]

Yes, gold dosnt have very many helpfull properties other than its sort very heavy and does not easily oxidse. the fact that the illuminatti are into there occult and black magick furthers my point because in alchemy (which in the mainstream is unheard of but there are many websites about it) gold can be turned to monatomic gold and theres even a bloke that will do if for you (if you send him some gold, dont ask me for a link tho cos iv no idea where i saw it). I have seen the laurence gardener video and i was impressed, i dont take monatomics but i have been told by an alchemist that aloe vera contains lots of them natrully, so iv got some in the frige, it gives you more energy and makes you feel more healthy (and need less sleep).