why is gold and silver going down right now?

How about the questions posted to you, like the lie that US economic expanion was because of the gold standard and that a photo of Detroit in 1917 proves this.

Ruben

 

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You have no credibility because you can't spell banker correctly.

In your opinion, Fatima, who is the bankers?

Ruben

 

Deleting the editorial, I presume the two items above are your questions.

The first slaughters the english language, but the premise is faulty if I understand it correctly. I never said that a fractional reserve model exists under a gold standard. I said the opposite. So please rephrase your question to properly reflect my prior statements.

Regarding the second, under a gold standard, a banker can lend gold with depositors approval regarding amount, term and interest rate. But it is somewhat childish to imagine that mountains of gold coins were passed over the counter. Even in the 19th century, the gold normally stayed in the vault with the transaction handled via legal paperwork. However, most banks in a gold system earn their money from discounting real bills and not by lending gold. The old banker's saying went something like, "To be a banker all you have to do is know the difference between a bond and a bill." The same holds true for someone who wants to understand how the gold standard operated.

Edit: And just to anticipate your next error, no, lending gold is not the same as fractional reserve banking because under a gold standard, loans by banks do not count as bank reserves. Only gold on hand and discounted gold bills count as reserves.

 

I've had you on ignore so I didn't see your questions. However if you are asking did I lie, the answer is no.

 

That is not possible. It is part of his lieing technique to misrepresent and misquote people.

 

Yeah you said that before .... snark snark snark

 

I will rephrase it yet again. Please give a real world example of how this opinion of yours worked under the gold standard that existed in the USA prior to 1914.

The second question was not that difficult. If a person received a cash loan from a banker under the gold standard, what currency did the person receive? If not gold coins then what?

 

Glad you liked the answer to your question. I assume you are now satisfied.

 

was that supposed to be a coherent thought? So answer the question, who are the "bankers"?

 

When I do this, why don't you report me to the CoinTalk staff? It's obviously against the rules.

 

Yes. I don't understand your second question.

 

This area has been largely hands off for a while, and you take full advantage of it. None of the moderators really want to read the garbage in here.

 

No - it wasn't a coherent thought.
I wrote

and then you wrote

that is not coherent? That is the rantings of a devious misquote. But while we are on this topic

I wrote

and you responded

FWIW, show me the rule against your misquoting technique?

Ruben

 

Well.... lets assume the moderators and administrators are big boys and girls and can think for themselves. Man up and report me if you think I'm breaking rules. You made the accusations so now follow up on it.

 

I asked you WHO ARE THE BANKERS. Who are they that they have talk holes and are being accused of some huge conspiracy by you? Are they Arab Oil billionaires?

Are they the Bush family. Are they the Mayflower decedents?

Ruben

 

No need, I wrote it in public.

 

Why don't you answer the question? Is it because it proves your wrong ... which is being very polite.

 

I don't have to asume, BTW. I actually spoke to and even called on the phone the moderators and was part of the debate that set this section up PRIOR to you joining. I know why this area was set off.

 

It's surprising that you have to ask me about the Cointalk rules. Obviously you seem to be challenged on it.

But since you asked, I put it under this general cointalk rule. You obviously have broken this rule in 99% of the posts that you have created in this topic. I notice that just today some other people have complained about you taking another topic hostage. It's why I mostly keep you on ignore and don't participate in posts about other forumers.

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[/highlight] From here.

 

I asked you WHO ARE THE BANKERS. Who are they that they have talk holes and are being accused of some huge conspiracy by you? Are they Arab Oil billionaires?

Are they the Bush family. Are they the Mayflower decedents?

Ruben