Comments on: Central Bank: Cost of living may skyrocket in 2013

By: xenia barria

xenia barria — Fri, 28 Dec 2012 15:18:39 +0000

gcblues_coolazul excuse me, but “That link was broken in Oct, 1997 when a panel of Swiss gov. experts reported that the 1300 tons of au was no longer necessary for monetary purposes…”
source bulionvault.com swiss_gold_franc

By: gcblues_coolazul

gcblues_coolazul — Fri, 28 Dec 2012 00:33:41 +0000

excuse me, by law the swiss franc must have a minimum of 40% gold backing or reserve. the gold franc is INDEED gold backed.

By: xenia barria

xenia barria — Wed, 26 Dec 2012 22:48:54 +0000

I believe I have explained it sufficiently were even the president of the central bank of costa rica can understand it.

By: Anonymous

Anonymous — Wed, 26 Dec 2012 17:03:34 +0000

What he’s describing, if true is deflationary.

For example there is also a flood of dollars against a rather fixed amount of gold over this past decade. For argument say gold has gone from 200$ to 2000, which it nearly has. Thus what you paid one ounce for, now sells for one tenth of an ounce. Deflation

An additional comment. The Swiss franc is NOT gold backed.

By: Anonymous

Anonymous — Wed, 26 Dec 2012 15:48:50 +0000

New chilling economic report suggests ways to get out of current financial messes created by burdening government overspending: accept that today’s debts cannot be repaid and embrace debt restructuring and defaults; raise retirement age with people working harder and longer; spend on modern infrastructure to grow economy; promote energy efficiency to save money, not the planet; health care systems require more efficient management; ditto for social-welfare system. drastically reduce public-sector workforce as it is important that as many people as possible generate GDP as opposed to consuming and redistributing it; implement structural reforms that abolish regulations blocking new entrants in competition and more flexibility in labor markets; invest in education; launch the next Kondratiev wave. In CR, two steps have been taken to alleviate the problem: increased taxation with special burden on the wealthy and setting minimum wages. HOWEVER, there is too much reluctance to put into place the other factors to spin us forward. One hand clapping will not solve the economic problems faced and not facing them head-on will result in a lost generation.

By: gcblues_coolazul

gcblues_coolazul — Sat, 22 Dec 2012 23:18:38 +0000

Mary Hogan
fair enough. if you need help staining your clothes check out APL applied physics laboratories first war game iteration on the use of currency for war. APL invents are most advanced weaponry and headquarters the USA’s official war gaming iterations. the cat that wrote “currency wars” participated and his description of state and dods response is stunning in it’s ignorance.

By: Mary Hogan

Mary Hogan — Sat, 22 Dec 2012 22:33:37 +0000

hehe, gc!. Just railing on anything that effects economy (concepts of social justice, taxation, currency). Can’t understand why where to drink beer in Costa Rica (23 posts) is more important than the economy. Go figure.

By: gcblues_coolazul

gcblues_coolazul — Sat, 22 Dec 2012 21:03:35 +0000

Mary Hogan now how the hell did that get into a reply to anything i said. for the record, there is no human content here. greedy or generous, no amount of cash from anyone made in anyway would sustain a social democracy. it is just a dumb system promoted by people that believe there really should be a santa.

By: Mary Hogan

Mary Hogan — Sat, 22 Dec 2012 18:18:37 +0000

It hasn’t expressly been mentioned, but I’d like to offer a challenge ONLY to all you hypocrites out there who proclaim that TODAY’S earned income must be re-distributed, because those making “big” money TODAY should pay their fair share –they are earning money off the backs of the 99%, shame on them. You know who you are — you are the present wealthy (the elite in society) who scream income redistribution the loudest for others because you made your money YESTERDAY. You say: tax those greedy income earners today; while you’re sitting flush. Challenge?: give back your accumulated wealth (at least 50% of it)– it was ILL-GOTTEN GAIN in the first place, according to your philosophy of today’s earners. If you’re one of those screaming for income redistribution yet you’re not willing to part with your ill-gotten accumulated wealth, then shut up about those currently struggling to make it to the top. It seems to me that those “screaming” for social justice the loudest are the worst past offenders.

By: gcblues_coolazul

gcblues_coolazul — Sat, 22 Dec 2012 16:33:45 +0000

mary, canada and australia will die slower under the social democracy model because they subsidize their governments with mineral, tar sand, oil and wood extraction. some cancers kill quickly, some slowly. as that tails off they are in the same predicament as any nanny state. social democracy because of “economic social rights” is nowhere sustainable. the german myth is funniest off all. not a single german bank is solvent. not one has reserves to cover the sovereign debt that they hold will always be rolled and never be paid.