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huangnon

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Posts posted by huangnon

  1. 2 minutes ago, ChrisKC said:

    Crypto is nosediving right now - not much better than a Ponzi scheme. I am glad I never went there

    Yep, just as the FTX bombed, the Fed announces a new CBDC.

    Coincidence, surely? ????

     

    Quote

    The Federal Reserve Bank of New York and major banks will launch a three-month test of a digital dollar in hopes of studying its feasibility.

    The initiative was announced by the regional Federal Reserve bank and nearly a dozen financial institutions on Tuesday. A news release referred to the experiment as a “proof-of-concept project” in which the banks will work with the Fed’s New York Innovation Center to simulate digital money representing the deposits of their own customers and settle them through simulated Fed reserves on a distributed ledger.

    https://www.washingtonexaminer.com/policy/economy/fed-banks-digital-dollar-test

  2. 2 minutes ago, ThailandRyan said:

    We're they given money for their gold. If so the wealth they had did not dissappear now did it. 

     

    Digital currency is already being used by many, it is called crypto currency and many spend it daily as well as earning interest on what they have staked.

    They were given money at much lower value than the gold was worth. Basically a bailout for the Federal Reserve at that time, and private gold ownership was banned until the 70's. Australia and UK did the same also.

     

    I am aware of crypto, thanks. Decentralized currency is fine by me, but replacing cash with a centralized digital currency is a disaster for financial freedom, imo.

     

     

  3. Just now, ThailandRyan said:

    And you believe that.....laughable....

    Ok, please explain how you think how a digital currency will benefit us?

     

    Just remember that this isn't the first time that a Govt has confiscated personal wealth:

    Quote

    On April 5, 1933, the president signed Executive Order 6102. It was touted as a measure to stop gold hoarding, but it was in reality, a massive gold confiscation scheme. The order required private citizens, partnerships, associations and corporations to turn in all but small amounts of gold to the Federal Reserve in exchange for $20.67 per ounce.

    The executive order was one of several steps Roosevelt took toward ending the gold standard in the US.

    https://schiffgold.com/key-gold-news/the-great-government-gold-heist-of-1933/

  4. 16 hours ago, garrya said:

    I wish one day COVID was isolated as any other pathogens.

    That day may never come though. 

    The one and only pathogen in the history of mankind that is only "detected" by the very reliable PCR tests ???? 

     

    Have a nice day!

    Whose inventor Kary Mullis stated that running the test at above >7 cycles was 'meaningless'.

  5. 3 hours ago, BritManToo said:

    I read books all the time, mainly Science fiction, horror and westerns.

    No need for paper, if you have a Kindle, everything is free for download.

    Yep, I still have boxes of actual paper books in various states of decay and gathering mould, in the spare rooms. Never really gotten round to throwing them away, tbh.

    But I keep a vast library on a single flash drive nowadays, and read mostly everything on a Kobo.

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  6. Quote

    One Baht equals 15.244 g. Standard purity of Thai gold is 96.5%. Now that is different than 99.9% Thai gold. The actual gold content of one Baht by weight is 15.224 X 0.95965 so that equals 14.71046 g. In terms of troy ounces, that would come out to 0.473 troy ounces. The other thing to keep in mind is 15.244 g is used for bullion. For jewelry it is more like 15.16 g when you are talking about Baht weight gold. 

    Source: https://www.legal.co.th/resources/thailand-real-estate-property-law/title/thai-gold-what-weight-and-measure-baht/

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