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	<title>Comments on: An Inconvenient Truth About The Economy</title>
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	<link>http://burntelectrons.org/2007/11/an-inconvenient-truth-about-the-economy/</link>
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		<title>By: jmdesp</title>
		<link>http://burntelectrons.org/2007/11/an-inconvenient-truth-about-the-economy/comment-page-1/#comment-1053</link>
		<dc:creator>jmdesp</dc:creator>
		<pubDate>Tue, 13 Nov 2007 03:51:14 +0000</pubDate>
		<guid isPermaLink="false">#comment-1053</guid>
		<description>The &quot;the sky is falling&quot; tone doesn&#039;t help taking it very seriously, but I don&#039;t see much that you actually refute from this article.&lt;br /&gt;
&lt;br /&gt;
One thing about investments. Saying you don&#039;t lose as long you don&#039;t sell is not correct. Sometimes even if you don&#039;t want to sell, you are forced to, for pennies. Early next year, the TNU Eurotunnel bonds will be removed from the market. The last hope to get back their investment for the owners will be lost.&lt;br /&gt;
&lt;br /&gt;
China can&#039;t afford to pull out, that&#039;s for sure, but the recent moves they are making seem like they don&#039;t either want to take the risk of going down together with the US. They are in a sort of zugzwang, whatever they do, it will be a bad choice, probably trying to find some sort of middleway out of it, definitively wanting to stop putting all of their eggs in the US basket, which might be enough to make it crumble. &lt;br /&gt;
&lt;br /&gt;
There has been a lot of crises since thirty years, but it seems now that the way out of every crises without too much hurting has been each time to create what would become the next crise instead of solving anything (for exemple Greenspan going out of the dot com crises by creating a real estate bubble). As a result, the tension in the system have always heightened, and this time it might be about to crack, at least if nothing again is done to solve the real issues.</description>
		<content:encoded><![CDATA[<p>The &quot;the sky is falling&quot; tone doesn&#8217;t help taking it very seriously, but I don&#8217;t see much that you actually refute from this article.</p>
<p>One thing about investments. Saying you don&#8217;t lose as long you don&#8217;t sell is not correct. Sometimes even if you don&#8217;t want to sell, you are forced to, for pennies. Early next year, the TNU Eurotunnel bonds will be removed from the market. The last hope to get back their investment for the owners will be lost.</p>
<p>China can&#8217;t afford to pull out, that&#8217;s for sure, but the recent moves they are making seem like they don&#8217;t either want to take the risk of going down together with the US. They are in a sort of zugzwang, whatever they do, it will be a bad choice, probably trying to find some sort of middleway out of it, definitively wanting to stop putting all of their eggs in the US basket, which might be enough to make it crumble. </p>
<p>There has been a lot of crises since thirty years, but it seems now that the way out of every crises without too much hurting has been each time to create what would become the next crise instead of solving anything (for exemple Greenspan going out of the dot com crises by creating a real estate bubble). As a result, the tension in the system have always heightened, and this time it might be about to crack, at least if nothing again is done to solve the real issues.</p>
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		<title>By: General</title>
		<link>http://burntelectrons.org/2007/11/an-inconvenient-truth-about-the-economy/comment-page-1/#comment-1052</link>
		<dc:creator>General</dc:creator>
		<pubDate>Mon, 12 Nov 2007 13:12:14 +0000</pubDate>
		<guid isPermaLink="false">#comment-1052</guid>
		<description>OK here is the comment with one word deleted. &lt;br /&gt;
&lt;br /&gt;
The reality is we are nearing the end of gold/fiat currency era. Use of gold and fiat currency as medium of exchange is major fraud equivalent to slavery perpetrated by elites on rest of the people of the world.  &lt;br /&gt;
&lt;br /&gt;
For a currency to be &quot;valid medium of exchange&quot; it should be defined in terms of food/fuel or energy and the issuer should have redemption obligation. Redemption obligation is necessary because currency is a token, for tokens to be valid it need to be redeemed with what it represents eg. food/fuel/energy - something which humans can really use, we can eat food, we can use fuel to produce food.  Gold cannot be used as a natural currency since it does not have any inherent energy essential for human survival. Gold can become a valid currency only when someone guaranties redemption against food/fuel otherwise it is an absolute fake token/currency.  &lt;br /&gt;
&lt;br /&gt;
&quot;Free Markets&quot; can exist only when a &quot;valid currency&quot; is used for transactions!</description>
		<content:encoded><![CDATA[<p>OK here is the comment with one word deleted. </p>
<p>The reality is we are nearing the end of gold/fiat currency era. Use of gold and fiat currency as medium of exchange is major fraud equivalent to slavery perpetrated by elites on rest of the people of the world.  </p>
<p>For a currency to be &quot;valid medium of exchange&quot; it should be defined in terms of food/fuel or energy and the issuer should have redemption obligation. Redemption obligation is necessary because currency is a token, for tokens to be valid it need to be redeemed with what it represents eg. food/fuel/energy &#8211; something which humans can really use, we can eat food, we can use fuel to produce food.  Gold cannot be used as a natural currency since it does not have any inherent energy essential for human survival. Gold can become a valid currency only when someone guaranties redemption against food/fuel otherwise it is an absolute fake token/currency.  </p>
<p>&quot;Free Markets&quot; can exist only when a &quot;valid currency&quot; is used for transactions!</p>
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		<title>By: codemonkey</title>
		<link>http://burntelectrons.org/2007/11/an-inconvenient-truth-about-the-economy/comment-page-1/#comment-1051</link>
		<dc:creator>codemonkey</dc:creator>
		<pubDate>Mon, 12 Nov 2007 09:14:21 +0000</pubDate>
		<guid isPermaLink="false">#comment-1051</guid>
		<description>Your rebuttal basically comes to the same conclusion as the original article.&lt;br /&gt;
&lt;br /&gt;
Did you even have a point to make?</description>
		<content:encoded><![CDATA[<p>Your rebuttal basically comes to the same conclusion as the original article.</p>
<p>Did you even have a point to make?</p>
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		<title>By: Grey</title>
		<link>http://burntelectrons.org/2007/11/an-inconvenient-truth-about-the-economy/comment-page-1/#comment-1050</link>
		<dc:creator>Grey</dc:creator>
		<pubDate>Mon, 12 Nov 2007 07:32:15 +0000</pubDate>
		<guid isPermaLink="false">#comment-1050</guid>
		<description>There was a comment here that was nothing but antisemitism thinly veiled as an economics comment. I have deleted it because he&#039;s a moron for his statements, and I pretty clearly tell people right here to not be a jerk. Want to comment? Leave hatred at the door.</description>
		<content:encoded><![CDATA[<p>There was a comment here that was nothing but antisemitism thinly veiled as an economics comment. I have deleted it because he&#8217;s a moron for his statements, and I pretty clearly tell people right here to not be a jerk. Want to comment? Leave hatred at the door.</p>
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