Dollar Backed Now By Assets, Like Gold, & other assets - called Basel 3.

[Luigi1]

FrostyTheSnowman » July 16th, 2015, 11:16 pm 

FROM TOPSHELF ...

Good job Texas.
 

 

17 July 2015  Frosty at KTFA...
No for the knuckle-head gold pumper.

QE4, asset backed currencies don't drive inflation - (knuckle-heads).

Why would gold go up?

The dollar is backed now by assets, like gold, and other assets - called Basel 3.
....

 

Why is Texas opening a bank? You can store in?

So you can make money off of your gold?

Sounds just like I explained.

You can monetize metals now in Texas.

Also, gold is going nowhere ... but you can deposit it as an asset ... you will make the best return because of quality of assets

[sandfly]

OK

[DinarThug]

FrostyTheSnowman » July 16th, 2015, 11:16 pm 

What's The Difference Between Snowmen And Snow Women ?

Snowballs !

[sandfly]

GOOD ONE CLOWN

[The Machine]

 

FrostyTheSnowman » July 16th, 2015, 11:16 pm 

FROM TOPSHELF ...

Good job Texas.

 

 

17 July 2015  Frosty at KTFA...

No for the knuckle-head gold pumper.

QE4, asset backed currencies don't drive inflation - (knuckle-heads).

Why would gold go up?

The dollar is backed now by assets, like gold, and other assets - called Basel 3.

....

 

Why is Texas opening a bank? You can store in?

So you can make money off of your gold?

Sounds just like I explained.

You can monetize metals now in Texas.

Also, gold is going nowhere ... but you can deposit it as an asset ... you will make the best return because of quality of assets

 

 

at current values there isn't enough gold on the planet to back the dollar ..... I cant see any scenario where by the value of gold increases 10,000 times over night just to cover the dollar, ridiculous rubbish.

 

where do you find this   

[Luigi1]

at current values there isn't enough gold on the planet to back the dollar ..... I cant see any scenario where by the value of gold increases 10,000 times over night just to cover the dollar, ridiculous rubbish.

 

where do you find this   

 

Study the Basel 3. Google it.

Assets not only include gold but other nation's assets as well.

Some assets backing a nation's assets besides gold are...

silver

copper

oil

natural gas

coal

forestry

fisheries

industrial might

military strength

educational institutions

inovation & patents

 

This will keep the USD one of the strongest currencies on the planet under Basel 3.

The USA has many natural resources.

We choose to use other nation's resources rather than develope our own.

Doom & gloomer are wrong when they say the USA is finished.

[The Machine]

Study the Basel 3. Google it.

Assets not only include gold but other nation's assets as well.

Some assets backing a nation's assets besides gold are...

silver

copper

oil

natural gas

coal

forestry

fisheries

industrial might

military strength

educational institutions

inovation & patents

 

This will keep the USD one of the strongest currencies on the planet under Basel 3.

The USA has many natural resources.

We choose to use other nation's resources rather than develope our own.

Doom & gloomer are wrong when they say the USA is finished.

 

so ..... you think this is all new ..... what the hell do you think was backing the dollar before.

 

did you get this info from another guru ....... as you clearly dont understand the subject.

 

Basel III (or the Third Basel Accord) is a global, voluntary regulatory framework on bank capital adequacy, stress testing and market liquidity risk.

 

 

the link below is a report from the Bank for International settlements on the Basel committee on banking supervision Regulatory Consistency Assessment Programme (RCAP) Assessment of Basel III regulations for the United States of America. 

the report was issued in 2014 here's the link http://www.bis.org/bcbs/publ/d301.pdf

Edited July 18, 2015 by The Machine

[Luigi1]

 

so ..... you think this is all new ..... what the hell do you think was backing the dollar before.

 

did you get this info from another guru ....... as you clearly dont understand the subject.

 

Basel III (or the Third Basel Accord) is a global, voluntary regulatory framework on bank capital adequacy, stress testing and market liquidity risk.

 

 

the link below is a report from the Bank for International settlements on the Basel committee on banking supervision Regulatory Consistency Assessment Programme (RCAP) Assessment of Basel III regulations for the United States of America. 

the report was issued in 2014 here's the link http://www.bis.org/bcbs/publ/d301.pdf

 

 

 

The USD was backed by nothing but the good name of the USA FIAT artificially adjusted currency and nothing more.

Basel 3 is a game changer.

Many currencies will rise in value while others fall based on a nation's worth.

This evens the playing field when it comes to labor rates & trade.

China will have to play by the new rules.

[The Machine]

The USD was backed by nothing but the good name of the USA FIAT artificially adjusted currency and nothing more.

Basel 3 is a game changer.

Many currencies will rise in value while others fall based on a nation's worth.

This evens the playing field when it comes to labor rates & trade.

China will have to play by the new rules.

 

So why do you think they keep so much gold on the books for all these years ........ there are over 100 factors that contribute to the value of a currency, hard assets are like gold,silver etc only play a small part.

 

do you honestly think the US Government or any government for that matter have enough "Worth" as you put it to retain their current value of their respective currencies.

 

so by your own reasoning whereby currencies will be valued by there backing with assets then the dollar is doomed, the GBP is doomed the Euro is doomed ........ there is simply too much in circulation for the US gov to back the dollar with assets, likewise the pound and euro and most major nations

 

you have confused Basel III with some fairy tale from a guru. Basel III was supposed to strengthen bank capital requirements by increasing bank liquidity and decreasing bank leverage ........ nothing to do with currency values.

Edited July 18, 2015 by The Machine