woodstove Posted November 6 Share Posted November 6 21 hours ago, hasilp89 said: Interestingly Ben Graham was a proponent of this (multi-commodity backed currency) https://www.amazon.com/Commodities-Currency-Benjamin-Graham-Classics/dp/0070248060 https://www.ivey.uwo.ca/media/2826068/bengraham2ndsymposium-potvin-power-point-2009.pdf Thank you to hasilp89 for the link to that potvin presentation. I've admired Ben Graham's commodities currency ideas for a long time. Value linked to tangible assets and productive capacity -- the essence of value investing, for society as well as for business operations. Nice to see others agree! Details -- well, I'm not smart enough to figure that out. But there surely are younger folks capable if we give them the tasks and older folks listen and support their efforts. Cheers! Link to comment Share on other sites More sharing options...
Value_Added Posted November 6 Share Posted November 6 21 hours ago, wabuffo said: What matters is putting on your tool belt and trying to understand how the US monetary plumbing works. Any recommendations on literature that would help to understand this better? Link to comment Share on other sites More sharing options...
wabuffo Posted November 6 Share Posted November 6 Any recommendations on literature that would help to understand this better? "Understanding Modern Money", by L. Randall Wray is a good start But find papers by the following authors as well: Scott Fullwiler, Mathew Forstater, Stephanie Bell, Peter Stella. Link to comment Share on other sites More sharing options...
Blake Hampton Posted 12 hours ago Share Posted 12 hours ago (edited) On 11/5/2024 at 4:33 PM, Parsad said: No, they won't. But if the shit hits the fan and no one has confidence in fiat currency, they would probably start to accept it. You can buy small micro cards of gold now online, where you can break off tiny pieces. So it might be a 10 gram thin rectangle, and pre designed so you could break off a small 1 gram square to buy goods with...rather than carrying around troy ounces of gold to try and trade with. Cheers! https://www.herobullion.com/valcambi-100-x-1-gram-gold-combibar/?srsltid=AfmBOoroy-bG5ZOpJzZWbkc0Zk9nV8Nh-FCeQtgrCOoT0cmQ18vVj9z6 I'm not a gold bug but this is still super interesting. Edited 12 hours ago by Blake Hampton Link to comment Share on other sites More sharing options...
Munger_Disciple Posted 10 hours ago Share Posted 10 hours ago BRK Levered ETF. Buffett probably hates this s**t: https://finance.yahoo.com/news/buffett-berkshire-being-packaged-leveraged-193611168.html Link to comment Share on other sites More sharing options...
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