Re: TURMEL: Money, Interest and Prosperity

"Dan Parker" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
>
> <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> > On Thu, 06 Nov 2003 07:09:20 GMT, "Dan Parker" <[EMAIL PROTECTED]>
> > wrote:
> >
> > ><[EMAIL PROTECTED]> wrote in message
> news:[EMAIL PROTECTED]
> > >> On Tue, 04 Nov 2003 20:46:00 GMT, "Dan Parker" <[EMAIL PROTECTED]>
> > >> wrote:
> > >>
> > >> >In playing his part, von Mises rages against
> > >> >socialism, while ignoring the historical facts about Trotsky
> > >> >sailing out of New York with 20 million of Schiff's gold
> > >> >backed money, or Lenin's gold train rolling into Russia
> > >> >from Europe.
> > >> >
> > >> >Gold is a commodity easily cornered,
> > >>
> > >> Except that no one has ever come close to cornering it....
> > >
> > >Study how the fractional reserve system started, idiot.
> >
> > The currency system and the banking system are not the same thing.
> > The fact that they have been commingled (in the morally culpable
> > sense) is a matter to be resolved by appropriate policy measures, not
> > definitions.
> >
> > >Of course a simpleton would think a 100% control
> > >factor would be the only control factor to worry about.
> >
> > Do you know what "corner" means?
>
> It means there are monopoly forces at play.
>
> excerpt
>
> The Gold Anti-Trust Action Committee was organized in January 1999 as a
> Delaware corporation to advocate and undertake litigation against illegal
> collusion to control the price and supply of certain financial securities,
> particularly securities involving gold. The committee arose from essays by
> Bill Murphy, a financial commentator, and by Chris Powell, a newspaper
> editor in Connecticut, published at Murphy's Internet site,
> www.lemetropolecafe.com.
>
> Murphy's essays reported evidence of collusion among financial
institutions
> to control the price of gold. Powell, whose newspaper had been involved in
> antitrust litigation, replied with an essay proposing that gold interests
> should act on Murphy's essays by bringing suit against the financial
> institutions involved in the collusion against gold.
>
> The response to these essays from gold interests throughout the world was
so
> favorable that the committee was formed. Murphy is Chairman and Powell is
> Secretary/Treasurer.
>
> The committee has retained a prominent anti-trust law firm, Berger &
> Montague of Philadelphia, and is raising money for advocacy and
litigation.
>
> Additionally, GATA seeks to disclose and publicize the huge speculative
> short positions in gold taken by financial institutions and bullion banks.
> GATA believes that 10,000 tons of gold or more have been sold short by
these
> speculators, even as yearly mine supply of gold in 1998 was only 2,529
tons.
> When, through our lawsuit and otherwise, we are able to show how short in
> gold even one major financial institution really is, other institutions
will
> buy gold in quantity, knowing the short position in gold is too large to
> close without causing a substantial rise in the price of gold. Then the
gold
> collusion game will be over.
>
> http://www.gata.org/history.html
>
> I think they are wrong that the game will be over.
>
> >
> > >You can look at the Great Depression for a more modern
> > >version of this (where gold was confiscated, by making it
> > >illegal for citizens to hold it).
> > >
> >
>
>http://www.canadianactionparty.ca/MainPages/Comic.asp?Page=7&Language=Engli
> sh
> >
> > Forcible confiscation is not "cornering."
>
> No, it just helped the monopolizers is all, or led to cornering.
>
> > >So who's the idiot, or do you challenge the Great Depression
> > >confiscation.
> >
> > It was certainly an outrageous and utterly wrong-headed if not
> > outright evil measure.
> >
> > >I mean there is a lot more to this in terms of
> > >manipulation, but you fall on your face at the very doorway
> > >of saying gold cannot be manipulated in a major way.
> >
> > I didn't say that.  It can be, has been, and is being manipulated.
> > But it can't be cornered.
>
> I think you are splitting hairs regarding the negative effects
> that the gold standard leads to.
>
> [v]  gain control over; "corner the gold market"
>
> http://www.hyperdictionary.com/dictionary/corner
>
> First try on google. Gain control over.  100% controls
> sez GATA, but even 70 or 80% control is way to much.
>
> Anyways, if I'm not mistaken, you are a Georgist, which is
> a huge improvement on the current state of affairs (but not
> as good as some other solutions in my opinion), so I'm not
> going to waste time arguing over the meaning of the word
> corner, or whether anyone has come close to cornering the
> gold market.  Or diamonds for that matter. I think the silver
> cornering failed.
>
> dp
>
> >
> > -- Roy L
>
>

Dan, apparently, is trying to corner the kook market.
Well, I got news fer you - I ain't gonna sell !

-- 
Conlige suspectos semper habitos