We all know what it feels like when our planets line up… literally… in a straight line, on the screen… right in front of you. If you’ve been wondering how the price of gold can drop $100 in a single day all the while gold-filled asteroids are falling from the sky, you’ve come to the right place. Imagine the shock and surprise when I realized that I was probably the world’s sole expert on the topic of the economic impact of asteroids on our newest global currency – gold. I call it Interplanetary Exchange Stabilization Fund (IESF) or the more common TV land description of “Battlestar gold-lack-therof.”
You see it all started, at least the initial research phase at the corner of 38th and Spruce Streets in Philadelphia, in the heart of all things econometric, the Wharton School at the University of Pennsylvania. This is where the heavy research (and when you’re talking asteroids – you’re talking heavy) is done on the impact of global changes to the business market. My research didn’t start inside Dietrich Hall where… those who can’t, teach. This was real hands-on econometricking and it happened just across the street at the WaWa convenience market. You see the WaWa had what at the time was the epitome of innovation; two arcade games. The first was Asteroids and the second was Space Invaders.
You see, I was studying economics and playing Asteroids everyday for my entire sophomore year of college. Who would have ever thought that such in-depth knowledge would be gleaned from the consistent stuffing of quarters (no doubt many pre-1965 silver clad quarters – this was 1980) into the Atari Corporation. Before you discount the net present value of Dave’s experience as the outer space equivalent of today’s Farmville virtual harvest for the benefit of Facebook and Zynga, might I suggest a closer look.
If you didn’t know where gold came from in the first place, you learned this past week that it comes from outer space. If you didn’t know where the value of gold came from in the first place, then you haven’t been spending enough time online farming the trades of Dave. You see Dave knows where the value of gold comes from and he knows that even when gold-filled asteroids (by the name of Eros no less) are plummeting towards earth with the on-board payload equivalent of a moon-sized Twinkie (the golden sponge cake with the creamy filling) that the impact on prices can be severe.
Before you can appreciate the supply and demand dynamics of gold, however, you must first understand human consciousness. Whether you’re talking the twinkle of a twinkie-craving construction worker or the twinkle in the eye of a twinkling star-watching rocket scientist, human consciousness is a shared trait. It is that shared trait that creates single-handedly the price of gold. For you see gold has little utility. It’s not like silver, or oil or even a loaf of bread. You can touch it like an I-pad or admire it like a lily pad, but you can’t use it for much except its sheer admiration which puts it in the beauty paegent category. Like the owner of Miss Universe, The Donald, taught us last week when he accepted gold as a deposit on property, we all know where beauty is… in the eye of the beholder. http://realestate.aol.com/blog/2011/09/15/donald-trump-accepts-gold-as-deposit-from-new-tenant/
Getting back to the beauty of asteroids. According to these guys over at the BaselineScenario.com, the asteroid Eros has $50 trillion dollars worth of gold stuffed into it’s suitcase and it’s headed your way http://baselinescenario.com/2011/09/23/the-price-of-gold-in-the-year-2160/ . So what is there to worry about except falling gold prices due to oversupply crashing into the earth like a cream-filled pie from Marie Callendar’s crashing into Bill Gate’s face? Plenty.
Speaking of calendars, the Mayans had one and so does the Federal Reserve. I’m not talking Hollywood science here or 1970’s rock and roll from The Fifth Dimension, Dave is lettin’ the sunshine in on what’s going down in the atmosphere. You see, Dave’s figured out what everyone who pays $25 for a movie ticket, large popcorn and a diet Coke already knows. December 21, 2012 is the day that the Federal Reserve’s charter expires. January 1, 2013 sounds like as good a day as any for the reset. At least the majority of the Christmas shopping will be complete.
For more on the impact human consciousness has on the price of gold, read these previous posts:
For more on how the call to # Occupy Wall Street and End The Fed is fait accompli check out these previous posts:
For a more scientific look at Planet X (aka Nibiru) and it’s impact or lack thereof on the earth in 2012, check out this video from NASA and Harvard man David Morrison. Don’t forget, this is the same group of folks who brought us President Obama, Keynesian economics, Larry Summers, the double-dip recession, Cass Sunstein, behavioral economics, Elena Kagan and the Harvard fabian society. It’s quite a track record: http://fora.tv/2010/04/24/David_Morrison_Surviving_2012_and_Other_Cosmic_Disasters