OTCQX:BGMZF - Post by User
Comment by
DDocon Oct 23, 2013 6:45pm
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Post# 21843021
RE:RE:RE:RE:Very Interesting Sprott Letter
RE:RE:RE:RE:Very Interesting Sprott Letter
Much too simple.
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In Monopoly the banks float does NOT represent the total value of the economy. Prices are fixed. the bank can multiply it's float 10 times, or 50 times; a Boardwalk hotel will still only cost $2000, today and tomorrow.
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In the real world it is different. If the economy is worth a trillion dollars and you hold a million of those paper dollars, you will be able to buy a million dollar hotel. If the Fed prints another trillion dollars, the paper dollars you hold are only worth half of what they were worth yesterday. The owner of that hotel will now want 2 million dollars for the same hotel. It is the same for a pound of butter, or a barrel of oil. That's how the government, those ever helpful souls, steal money from the suckers.
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If you don't believe me, then just put that paper under your mattress. When the printers start smoking and bouncing across the floor, keeping up with the "free stuff" being doled out to the banks and the freeloaders, the piper will soon be paid. You will need a wheelbarrow of it to buy your groceries. It has happened to the thieves throughout history several times. The unfortunate part is, the suckers will be the ones wondering what happened. They will biatch about the price of gas. So far the puppet masters have been able to put a lid on it. The Russians held a lid on it for 80 years. They only had to invade a small country once in a while and bleed it dry, to do so for so long.
When the Chinese control the gold and you have your paper, whom do you think will be working for whom.