Genesis 13:2
Avram (Abraham) was very rich in cattle, in silver, and in gold.
“If” we are indeed moving back to a hard money economy, as it “seems” we are, it will be a good idea to have some awareness of historical pricing as a potential baseline. To that end, finding sheets like this will likely be helpful to some extent.
Price Charts 1789-1989: https://www2.census.gov/library/publications/1960/compendia/hist_stats_colonial-1957/hist_stats_colonial-1957-chE.pdf
Rational Rancher Channel: https://youtube.com/@RationalRanchers
Gold to Cattle: https://youtube.com/watch?v=KolyD5Qr0ss
Silver to Sheep: https://youtube.com/watch?v=hKS_7QulsPU
Silver to Cattle: https://youtube.com/watch?v=D1yeylP_2WA
Gold/Silver to Acreage: https://youtube.com/watch?v=MF8g6eXZWi0
Gold to House:
https://youtube.com/watch?v=khTnuCOD-eg
Silver to Daily Wage: https://www.youtube.com/watch?v=VhdeSzw6jPQ
Teaching your Children: https://www.youtube.com/watch?v=ys8WwtfvTRg
It’s not obvious if he’s aware of the massive paper manipulation on silver, but generally, this is a very good initial valuation to be aware of, moving forward.
This is interesting, but I think it's essential to appreciate that his thinking process leads to very poor decisions and a poor understanding of a free market. How much silver or gold is valued v. a cow or land etc. is whatever it is valued at, if you take out derivatives. In other words, using historical data to determine value gives a FALSE MEASURE.
What was good from his investigation was that he showed that there are some good free market measures in history. For example, the price of sheep and cattle v. silver and gold put silver at $600/oz and $5000/oz respectively. That's about a 8:1 ratio, which is inline historically without derivatives, propaganda to push hording, or other intentional historical manipulations (I've found a few) to alter the ratio for advantage. When that number has deviated substantially, you can always find fuckery manipulating the ratio. More interestingly, you can find examples of that fuckery by the exact same group of people (the Jewish and Babylonian Elite) for thousands of years. But those manipulations were localized, not global. (By "local," it can be a very large area (Roman Empire e.g.), but is completely different in say, China (e.g.).)
Right now that ratio should be between 6-7:1 silver:gold ratio because of current higher demand, but his assessment puts silver:land at 50:1, which couldn't be more incorrect. But that's my point. His assessment is tragically flawed because he's missing the essential information of how much fuckery and control there is in manipulating that ratio. The history is good for learning the fuckery, but not for helping determine value, it just helps show the pattern of how long this shit has been going on, and who's been doing it.
Let gold be the standard, utterly destroy the entire concept of a derivative ("fractional lending", which was punishable by death in some cases), and let silver find it's value on it's own.
I agree that the solution isn’t correct, moreso for silver (hence my comment on “paper manipulation”), but disagree on what leads to the false measure.
More accurate would be to say that the paper derivatives market leads to a false valuation of commodity silver in the current paper fiat market, because both are inauditable except by criminals.
I also believe it will end up about there, or less, which makes the silver videos somewhat inaccurate, but the point of this thread is to get people started on thinking asset:asset or money:asset instead of FRN|currency|ledger entry:asset.
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This is not an auditing problem. This has (at it's core) NOTHING to do with auditing, that is downstream. I'm not saying it might be a reasonable approach to the solution, but only because it might lead to knowledge of the core. ANY approach to showing the core would work.
At it's core, the problem is the belief that their primary system of economic control is good (even more important than fiat currency, though that's a close second). In our current system, that fuckery model, the thing that's "the bestest thing ever" is fractional reserves. There have been other fuckery models controlling economies through silver:gold ratios in the past, but fractional reserves is the primary current one (and the easiest to manipulate, if you don't get put in jail for it).
I appreciate that, and it was a good point. But I suggest it's a cart before the horse issue. If people understood how the problem is what it is, the understanding of how to trade silver for other real assets would automatically happen. It is the false economic "knowledge," pushed through the "experts" (who are all criminals, writing criminal books, published by criminal publishers) that has created the belief that fractional reserve lending is "great for our economy." That is the core problem: understanding who created that specific belief, how they did it, and why solves everything (or at least it's the only reasonable starting point).
Strategic agreement, differing tactical approach.
Not unexpected. Tactics aren’t my thing.
I don’t think we have any disagreement, here?
I agree you have addressed problems. My only contention is the proper approach to the solution. It's not important, but trying to show the "real problem" is kinda my thing. :)