out of control flipping!
By
Adeon Hawkwood,
Posted on: 2011-06-03 07:58 in The Market and Inventions
I once flipped a man in Reno, just to watch casuals cry.
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Clearly we need price caps. Fuel was $2 a gallon no so long ago, there is no reason for it to now be $4 a gallon other than flippers.
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I'm sure the man in Reno cried as well.
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Originally Posted by Silas
I once flipped a man in Reno, just to watch casuals cry.
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Ooh, a sarcasm detector. Oh, that's a *real* useful invention. http://www.telegraph.co.uk/technolog...t-sarcasm.html
In the real world, these sorts of things don't happen...so...they shouldn't happen here either.
I burning you dog. Give me a purple.
I was talking to a precious metals broker the other day. He told me that there are over 2 billion silver contracts out right now. He also says that there is no where near even 1 billion ounces of silver in the U.S.
-Insanity is doing the same thing over and over again and expecting different results. - Albert Einstein.
-I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use. - Galileo Galilei
-When injustice becomes law, resistance becomes duty. - Thomas Jefferson
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Precious metals is in a huge bubble right now thanks to nutwing apocalypse preachers (and I'm not talking about the May 21 guy). They think that if the world economy collapses, you can use precious metals as tender. Like if you bring in an ounce of gold to the WalMart, they'll not only accept it but they'll make change with it... with you know... those billion pieces of precious metal coinage that doesn't exist for such exchanges to actually take place.
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Originally Posted by Miladys_Knight
I was talking to a precious metals broker the other day. He told me that there are over 2 billion silver contracts out right now. He also says that there is no where near even 1 billion ounces of silver in the U.S.
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Precious metals are only worth something because humanity wants them. If the end times come they'd just be shiny rocks. Who wants shiny rocks when you need food?|
Originally Posted by Zombie Man
Precious metals is in a huge bubble right now thanks to nutwing apocalypse preachers (and I'm not talking about the May 21 guy). They think that if the world economy collapses, you can use precious metals as tender. Like if you bring in an ounce of gold to the WalMart, they'll not only accept it but they'll make change with it... with you know... those billion pieces of precious metal coinage that doesn't exist for such exchanges to actually take place.
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In other words, people are dumb.
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Indeed. That's why I have a 30' x 40' garden planted and all nicely fenced in to keep the bunnies out. The seeds didn't cost any where near what an ounce of silver does.
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Originally Posted by Chaos Creator
Precious metals are only worth something because humanity wants them. If the end times come they'd just be shiny rocks. Who wants shiny rocks when you need food?
In other words, people are dumb. |
-Insanity is doing the same thing over and over again and expecting different results. - Albert Einstein.
-I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use. - Galileo Galilei
-When injustice becomes law, resistance becomes duty. - Thomas Jefferson
Someone told me once, "Border guards always take gold..."
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The best thing about this is that silver went so crazy because people who wanted to take a punt didn't have enough capital to bet on gold. Primarily a retail-driven scramble.
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Originally Posted by Miladys_Knight
I was talking to a precious metals broker the other day. He told me that there are over 2 billion silver contracts out right now. He also says that there is no where near even 1 billion ounces of silver in the U.S.
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Ooh, a sarcasm detector. Oh, that's a *real* useful invention. http://www.telegraph.co.uk/technolog...t-sarcasm.html
I know my little ol' silver pieces have nearly doubled in values over the last few years. :P
The more people I meet, the more I'm beginning to root for the zombies.
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If the traditional religious end times come with all the bizarre changes like water turning into blood and all that then the world has started working on very different principles than what we've known the last few millenia. In that case perhaps shiny rocks will in fact become incredibly edible or otherwise useful.
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Originally Posted by Chaos Creator
Precious metals are only worth something because humanity wants them. If the end times come they'd just be shiny rocks. Who wants shiny rocks when you need food?
In other words, people are dumb. |
Dr. Todt's theme.
i make stuff...
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Maybe it's because of where I live, but I've always wondered, if such a thing happened and you try to buy something with a fist full of gold, won't you just get mugged? If not immediately, then eventually. After all, you're probably the only one smart enough to have useable currency around in your neighborhood and someone will take notice that you're the only one who can buy food.
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Originally Posted by Zombie Man
Precious metals is in a huge bubble right now thanks to nutwing apocalypse preachers (and I'm not talking about the May 21 guy). They think that if the world economy collapses, you can use precious metals as tender. Like if you bring in an ounce of gold to the WalMart, they'll not only accept it but they'll make change with it... with you know... those billion pieces of precious metal coinage that doesn't exist for such exchanges to actually take place.
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Teams are the number one killer of soloists.
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The U.S. M3 money supply is around 10 trillion dollars now, the actual currency in circulation is around 2 trillion dollars. Silver has some catching up to do.
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Originally Posted by Miladys_Knight
I was talking to a precious metals broker the other day. He told me that there are over 2 billion silver contracts out right now. He also says that there is no where near even 1 billion ounces of silver in the U.S.
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Really bad article author is either a child or has no memory.|
Originally Posted by Fulmens
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http://en.wikipedia.org/wiki/1973_oil_crisis
But just out of curiosity how do you think either one applies to our very strange economy ?
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I figure a more likely problem is finding someone who's actually willing to sell you food for the gold. The problem is that in a breakdown of society only two things are really valuable: food (which you need to eat) and weapons (which can be used to defend your food supply and/or steal food from other people).|
Originally Posted by SerialBeggar
Maybe it's because of where I live, but I've always wondered, if such a thing happened and you try to buy something with a fist full of gold, won't you just get mugged? If not immediately, then eventually. After all, you're probably the only one smart enough to have useable currency around in your neighborhood and someone will take notice that you're the only one who can buy food.
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Unless you have an abundance of food and "security" then gold doesn't do you much good.
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Buy? What is a store going to do with a bunch of shiny rocks?
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Originally Posted by SerialBeggar
Maybe it's because of where I live, but I've always wondered, if such a thing happened and you try to buy something with a fist full of gold, won't you just get mugged? If not immediately, then eventually. After all, you're probably the only one smart enough to have useable currency around in your neighborhood and someone will take notice that you're the only one who can buy food.
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Roughly the same thing they do with a bunch of printed pictures with numbers on them. Swap them for something that IS of use.
If you get down to full-on Mad Max level, money is no use- everything's barter. You get a little more complex, though, and instead of swapping a cuisinart blade for two hours of battery time and two hours of battery time for a pair of sunglasses, you end up using something inherently worthless as intermediate currency. Gold is a good choice- it is small, portable, pretty, hard to fake [although the bitemarks would probably tend to add up] and it's not much good for anything else.
Then the next thing you know people are standardizing it and stamping something into it so you know it's good and you don't have to bite it, and bam we're back to gold coins.
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So you think you're a hero, huh.
@Boltcutter in game.
If we go Mad Max level, I think a loaded shotgun is going to be worth a heck of a lot more than shiny metal.
Ooh, a sarcasm detector. Oh, that's a *real* useful invention. http://www.telegraph.co.uk/technolog...t-sarcasm.html
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I'm saying that during a zombie apocalypse for example shiny rocks aren't of any use at all! Who is going to back your paper with words or shiny rocks as currency when everyone is in a panic, food supplies are super limited etc?
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Originally Posted by Fulmens
Roughly the same thing they do with a bunch of printed pictures with numbers on them. Swap them for something that IS of use.
If you get down to full-on Mad Max level, money is no use- everything's barter. You get a little more complex, though, and instead of swapping a cuisinart blade for two hours of battery time and two hours of battery time for a pair of sunglasses, you end up using something inherently worthless as intermediate currency. Gold is a good choice- it is small, portable, pretty, hard to fake [although the bitemarks would probably tend to add up] and it's not much good for anything else. Then the next thing you know people are standardizing it and stamping something into it so you know it's good and you don't have to bite it, and bam we're back to gold coins. |
If we go Mad Max level, your best investment is good shoes and weatherproof clothing; second best is some way of purifying water; lawyers guns and money are way down on the list.
Edit: found my source.
"You can live to be ninety without a Rambo knife, but hypothermia and dehydration will kill you deader n'dirt by this time tomorrow."
Mini-guides: Force Field Defenders, Blasters, Market Self-Defense, Frankenslotting.
So you think you're a hero, huh.
@Boltcutter in game.
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That's only true if there is a certain amount of civilization around to provide a solid backing for the currency. People will only take currency (even specie) if they either want it themselves or are confident other people will accept it as currency.|
Originally Posted by Fulmens;3673374If you get down to full-on Mad Max level, money is no use- everything's barter. You get a little more complex, though, and instead of swapping a cuisinart blade for two hours of battery time and two hours of battery time for a pair of sunglasses, you end up using something inherently worthless as intermediate currency. Gold is a good choice- it is small, portable, pretty, hard to fake [although the bitemarks would probably tend to add up
and it's not much good for anything else.
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In a scavenger world or subsistence level economy this is unlikely to be the case. Once things get a bit more settled and towns start going up then you'll start seeing currency again.
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Originally Posted by Fulmens
If we go Mad Max level, your best investment is good shoes and weatherproof clothing; second best is some way of purifying water; lawyers guns and money are way down on the list.
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Sure, you wouldn't be able to buy a loaded shotgun with your shiny nuggets, but you could probably trade it for some non vital amenities with whoever has any extra. I'm assuming the end of the world won't entail the destruction of all cosmetics, entertainment, etc.
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Originally Posted by Yomo_Kimyata
If we go Mad Max level, I think a loaded shotgun is going to be worth a heck of a lot more than shiny metal.
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Some of us allready have a half dozen firearms and thousands of rounds per weapon.
The more people I meet, the more I'm beginning to root for the zombies.
"In 2009, for every 27 barrels of oil traded by speculators, only one of those was actually being consumed. "
Mini-guides: Force Field Defenders, Blasters, Market Self-Defense, Frankenslotting.
So you think you're a hero, huh.
@Boltcutter in game.