The Fed mostly deals in short duration gov debt except when it does not. For example, during this crisis the Fed has been buying a lot of long term government debt.

Also, I am fully aware how the primary dealer system works. Does not change anything Ive said. The Fed says they buy and sell government bonds to adjust liquidity and interest rates (which is true) but the end result is that mid and long term they always end up buying government debt as net result. Check the data of the last 20 years of the Fed and you will see how they always increase the amount of gov debt they have. Its a way of sending money to the politicians.

I can not believe I just read someone compare Ron Paul and Sarah Palin. Now I've been paying (some) attention to the next election and our politicians and what not. and alllllllllll I see is a bunch of old white guys spewing the same old shit. Ron Paul is for small government, I am for small government. so if he makes it to the polls next year or so, I'll be there voting for him.

please don't ever mention sarah palin again..... she does not need to be spoken of, she is nothing.

Obama? Change? yeaaaaaaah.....right! how long is unemployment these days? like 2 years? and he's trying to extend it with a new bill? oh yeah thats gonna help people get a job. I'm sure every guy I see in the hood sitting on the porch drinking 40'z is gonna run to get a job after they find out they can get ANOTHER YEAR of unemployment....

which by the way, the gov't only pays a fraction of that, small/big businesses pay the rest. even if the guy quits and gets a job somewhere else, then gets fired, I still have to pay his fuckin unemployment.... crazy.

what I want out of the government is.... no more bailouts, no more printing money, no more wars (unless its defensive) and a solid 10-20 year rebuilding, i want those billions of bucks going to the DoD, to go to education, health care (not necessarily socialized, but atleast some R&D) and the people.

No mr.Obama, you may not take my guns, you cannot force me in some half-assed backwards obama-care, and NO WE DO NOT need anothor fuckin' 'Nam.

regardless of what you think, this country is going anywhere but up, I say we got another 10 to 15 and that might be generous. lets see who the next retard we (don't) elect is gonnna be.


(sorry for the bad language kids, I've been drinkin a 40 myself.....but I have a job, and today, I deserve this 40)

We're probably very far from having all earth's gold mined. And besides, it can be synthesized. And eventually in the future even mined from other planets, who knows...

Just take a look on gold supply past growth:


And compare with the predictable future growth in bitcoin supply:

Actually the gold extraction rate peaked a decade ago.

http://en.wikipedia.org/wiki/Peak_gold

Upon reading the supplied wiki article, I now have a question. Have we, or when will we, reach "Peak Bitcoin"? If the question merits another, feel free to start one.

Block 210,000 when 10,500,000 coins have been mined.


When talking about a peak in X commodity it means a peak in the extraction rate, not depletion. Also depletion will be around year ~2144, not 2033.

Thank God!  A forum member who actually takes the time to completely understand a subject before answering questions!  As oppossed to the majority that takes a look at a truncated visual aid, never noticing that it's truncated.

The Pauls may not be as familiar with Bitcoin as some, but they are aware of it.  But they don't need to really grok it, they have aides for that stuff.  They don't update their own blogs, either; and I seriously doubt that either one tweets.

The bill is NOT for a gold standard, it is to repeal the legal tender laws that give fiat Federal Reserve bankster notes a monopoly over the money supply.

Monopolies are bad things; centralised, monopolised fiat monies are bad things on steroids spawning epic fails in every direction.