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From: Cursitor Doom <cd999666@notformail.com>
Newsgroups: sci.electronics.design,uk.d-i-y
Subject: Re: OT: EV Charging Stations Stripped of Copper Cables
Date: Fri, 12 Jul 2024 21:48:33 -0000 (UTC)
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On Fri, 12 Jul 2024 17:30:35 +0200, Jeroen Belleman wrote:

> On 7/12/24 16:45, The Natural Philosopher wrote:
>> On 12/07/2024 15:25, john larkin wrote:
>>> On Fri, 12 Jul 2024 09:25:51 +0100, Joe <joe@jretrading.com> wrote:
>>>
>>>> On Fri, 12 Jul 2024 12:18:39 +1000 Bill Sloman <bill.sloman@ieee.org>
>>>> wrote:
>>>>
>>>>> On 12/07/2024 7:48 am, Cursitor Doom wrote:
>>>>>> On Thu, 11 Jul 2024 14:30:41 -0700, john larkin wrote:
>>>>>>> On Thu, 11 Jul 2024 19:33:41 +0200, Jeroen Belleman
>>>>>>> <jeroen@nospam.please> wrote:
>>>>>>>> On 7/11/24 13:00, Joe wrote:
>>>>>>>>> On Thu, 11 Jul 2024 09:29:33 +0100 The Natural Philosopher
>>>>>>>>> <tnp@invalid.invalid> wrote:
>>>>>
>>>>> <sdnip>
>>>>>
>>>>>
>>>>>> What do you think all those homeless people are going to do when
>>>>>> the debt bomb finally explodes and there's no more money for cops,
>>>>>> the army - or anything else?
>>>>>
>>>>> What's a "debt bomb" and how would it explode?
>>>>> As long as society keeps generating and exchanging goods and
>>>>> services it's not going to run out of money, which is just medium of
>>>>> exchange.
>>>>>
>>>>>
>>>> What use is the means of exchange if you can't exchange it for
>>>> anything meaningful?
>>>>
>>>> We are already past the point where the alternatives for many
>>>> countries are default or hyperinflation, which is just s more
>>>> spectacular form of default, and an involuntary one. It happens
>>>> slowly at first, then all at once.
>>>
>>> Inflation is a government's way to spend (and usually waste) money
>>> that it doesn't have, by borrowing money that will never be paid back.
>>> It is essentially stealing from its citizens, especially from savings.
>>>
>>> It's dynamically unstable and often runs away. The thing about
>>> inflation is that there's never enough of it. The more you have, the
>>> more you need.
>>>
>>>
>>>
>>>
>>>
>> The price of a loaf of bread, in terms of gold, hasn't changed in 600
>> years.
>> A friend bought £10,000 worth of gold in 2004, Its worth £80,000 now
> 
> That's a gross simplification, and not guaranteed to work in the short
> term. It's subject to random ups and downs like any other target of
> speculators. Moreover, when shit hits the fan, you'll be required to
> surrender it to your government in exchange for money that's being
> inflated. It has happened before.
> 
> The US has huge stockpiles of gold. It's a bit of a pity to just hoard a
> metal that has so many *useful* applications.
> 
> Jeroen Belleman

No one knows how much gold the US has as they've repeatedly refused to 
have an independent audit carried out. That should tell you something. 
Also, when Germany requested the US to return its gold - which had been 
stored in America for safe keeping - it took several years for them to get 
it all back. That too should tell you something.