Fool's Gold

In: Historical Events

Submitted By lex24
Words 726
Pages 3
Fool's Gold

The early Americana bank which the narrator of Invisible Man discovers one morning in his room at Mary's house is a reflection of the narrator's state throughout much of the novel. The offensively exaggerated Negro figure provokes an instant hatred in the narrator due to the tolerance it suggests. However, the narrator becomes personally offended by the object because of the similarities it holds to himself. While smashing the pipes with the bank, he yells out to his neighbors who are banging on the pipes, "Get rid of your cottonpatch ways! Act civilized!" (320). Thus he associates the hatred he feels for the bank figure with his neighbors who are acting no less civilized than he is. He is not aware of his own "cottonpatch ways" it appears.

In describing the bank, the narrator states that it is the kind of bank that flips coins from its hand into a large grinning mouth. In order to put money in the bank, one must feed the smiling, hungry Negro. At a point in the narrator's life where he has no money and has decided to join the Brotherhood out of a debt he owes, the bank's symbolism is simply too close to reality for him and he tries to destroy the self-mocking figure. He notes, "In my hand its expression seemed more of a strangulation than a grin. It was choking, filled to the throat with coins" (319).

The quotation is especially interesting in light of the coins thrown at the battle royal earlier in the novel. The boys are made to grab for coins thrown on an electrified carpet. Like circus animals, they are electrically shocked every time they reach for the shiny gold in order to entertain the white audience. The narrator attempts to avoid the shocks but cannot help grabbing for the coins like the rest of the boys. The boys, in a sense, are being fed money by the men for amusement and are choked by racism. Furthermore, the narrator hungrily eats…...

Similar Documents

A Fool's Walkthrough

...A Fool's Walkthrough Enlightened Bullshit ~ A bizarre exercise in arithmetic by an illiterate Revision 5 (The second to be published) (For the few souls that follow the development - go to the bottom red caption of “current revision board” it’s where all the new stuff is logged if you don’t want to go through it all again) Intro Yes this is an intentional attempt of creating a profound appearance only to sucker you into old BS yet again. Frankly there’s little else going on lately that hasn’t to do with that. If I were to have a disclaimer it would probably be larger than what I have to say. • • In short this material is the log of my transition from reality to actuality. I’ve rounded it up to be a fine bullshit dissolver as well - considering we are swamped in BS as it is, what I’m getting at is quite the rare commodity. Would that I could, flip the script and get you a hot seat on some fascinating new experience limited only by imagination, but alas we are here making sense of the good old bullshit that is clogging our everyday lives. Whatever you deem to be relevant is directly tied into it. Every topic or endeavour you can think of is covered with a thick armoured wall of bullshit and the few exceptions just affirm the rule. You can pretend it doesn’t exist or write it off as a topic you dislike and subsequently avoid. However you and i (yes not capital letter) and everyone intimately know the benefits of lying and extreme senselessness. However it seems the......

Words: 22670 - Pages: 91

Gold

...Gold as an investment option | | Mayank Chandola MBA in International BusinessSymbiosis Institute of International Business | | Table of Contents History of the yellow metal 2 Why it is attractive? 3 Portfolio diversifier 4 Inflation hedge 4 Investment risks in Gold 5 Risk with physical gold 5 Political Risks 5 Market Risks 5 Exchange rate risks 5 Demand/Supply side risks 5 Outlook 6 References 7 History of the yellow metal Gold has always been used as a medium of exchange for goods since ancient times and has not suffered devaluation in the same ways as paper currency. Gold has a record long history as a commodity and as a store of value. It has been formally a monetary media in and around the world. Gold has faced complete official demonetization long back, yet it experiences continued and renewed interest as a private or unofficial monetary medium. Even governments around the world are making greater use of gold in international financial affairs. Over time, gold has undergone three major transitions: 1. Gold was a medium of exchange in the early civilization 2. Next, an international banking system was developed around it, in which paper money was fully convertible into gold 3. This convertibility was ceased in 1971 by the then president Richard Nixon and a purely fiat money system took its place. Early civilizations equated gold with gods and rulers. Humans almost intuitively place a high value on gold, equating it......

Words: 1695 - Pages: 7

Gold Report

...Gold Fundamental Report February 2012 Disclaimer This report has been prepared by the Knowledge Management Department of NCDEX Limited for the purpose of information dissemination. The facts are reported from publications and have not been checked for authenticity. NCDEX and its employees will not be responsible for any decision taken by the reader based on this report and are adv advised to take independent advise on the commodity(is) dealt in this report . For more information contact Ashwin Dilip Vidhate Knowledge Management Group NCDEX Ltd. ashwin.vidhate@ncdex.com +91 022 6640 6836 2 Table of Contents 1. Introduction ....................................................................................................................................................................................... 4 2. Gold supply ........................................................................................................................................................................................ 5 Gold supply: Indian scenario............................................................................................................................................................ 14 3. Gold demand ..................................................................................................................................................................................... 15 Gold demand: Indian scenario ..................................................

Words: 12225 - Pages: 49

Gold

...old Price Forecast 2013 Predictions and Estimates from Multiple Analysts The Gold price forecast for the year 2013 has been covered by multiple analysts. Here is their consensus: While the price of Gold has a gamut of forecast ranges for 2013, most experts remain bullish on the yellow metal for the year, though some have scaled back their estimates slightly over the past few months. A compilation of their predictions are listed below. Bank of America Merrill Lynch In a December 2012 report, Bank of America Merrill Lynch stated that Gold would average $2,000 in 2013, with the metal climbing to $2,400 in 2014. “Large-scale policy easing by the U.S. Federal Reserve and European Central Bank positions Gold as a useful hedge against global macro and inflation risks taking the commodity to $2000/ oz levels”, said the bank. The bank added that, “We have a sixmonth [Gold price] target of $2000 an ounce, but see scope as well for prices to rise to $2400 an ounce by the end of 2014. These targets reflect our view that the Fed will maintain mortgage purchases until the end of 2014 and will move to buy Treasuries following the end of Operation Twist in December 2012.” BNP Paribas BNP Paribas expects Gold to average $1,865 an ounce for the year. “Market sentiment towards Gold has been much more uncertain in 2012 than was the case in previous years. Yet, we expect Gold to achieve a new record high in 2013 due to further monetary easing, less tail risk related to a breakup of the......

Words: 9281 - Pages: 38

Gold Rush

...TH 330 – American Cinema January 29, 2010 Gold Rush Does any movie require a happy ending? Charlie Chaplin added his twist to the meaning of “happy endings” when he directed the film Gold Rush. Even when the movie business was in its early years Chaplin recognized that a happy ending could have a variety of meaning. Furthermore, he tantalized the audience from every angle with his resourcefulness and quick wit. In Gold Rush, Chaplin easily makes fun out of being poor and destitute. For one thing, he was able to turn the hazards and tribulations of “coldness” into comedy. In essence, I am referring to the coldness due to the weather and of some people’s reactions to the Little Tramp. I thoroughly enjoyed every minute of the movie even though it highlights the many aspects of desperate men and women who are willing to put their bodies through immense hardship in the pursuit of gold. For sure, the Little Tramp is by no means on physical par to the other men in the movie; however, he always has an ingenious way of getting what he wants, even the girl. For example, when Big Jim imagines that Charlie is a chicken and runs after him with an axe, Charlie mistakenly shoots a bear and they have food for days. Then, Charlie meets another prospector who lends him his cabin and all he had to do was simply take care of the cabin and the mule. Chaplin was able to pull the audience into the movie; he would have them laughing at one time and sad in the other instance. The film......

Words: 772 - Pages: 4

Gold Standard

...to the book, a gold standard is a diagnostic test that is assumed to be able to determine the true disease of the patient. The gold standard is said to have known validity and reliability, and is used as a benchmark in which other diagnostic tests (screening test) are compared to. In the study, hearing loss is observed in one hundred and seventeen patients with a history of hearing loss, undergoing pure tone audiometry (PTA) for the first time. The patients in the study were divided into two groups, one of which reported increased TV volume and the other reported no increase in volume. The screening test in the article is the diagnostic utility of using television volume as a marker for hearing loss. This screening test is compared to the gold standard for hearing loss which is known as a pure tone audiogram (PTA). Each patient’s PTA was used as a reference standard. The results of the experiment indicated that if the patient reported viewing television with an increased volume, then there was a 68 per cent chance of the patient have a hearing loss of 25 dB or more. Although the study concluded that self-reported television volume can be a useful screening tool in patients presenting with hearing impairment, it is not very specific and should not be used to replace the current gold standard to measure hearing loss. Increased television volume had a sensitivity of 81 per cent and a specificity of 52 per cent as a predictor of hearing loss. A hypothetical ideal gold standard......

Words: 376 - Pages: 2

Gold

...contracting. The Chicago Board of Trade was the first commodity exchange in the United States of America to be opened in 1848, and is still the largest exchange as well. The futures contract was developed here in the 1860s. The New York Cotton Exchange founded in 1871 was also among few other early United States exchanges. During the Great Depression of 1933, the Commodity Exchange, Inc. was established. It was started in New York and by the merger of four smaller exchanges - the National Raw Silk Exchange, the Rubber Exchange of New York, the National Metal Exchange, and the New York Hide Exchange. India has a link with the commodities market as India is an agro based economy and is the largest consumer of gold, which provides a huge market for both Agri-commodities and gold. India has a huge spot market for all these commodities E.g. Indore has a huge market for soya, Ahmadabad for castor seeds, etc. During pre-independence period also there was a demand for these commodities. In the mid 1960’s due to war, natural calamities, etc the trade of these commodities was banned in India....

Words: 380 - Pages: 2

Gold

...Gold Anonymous. Metal Bulletin Monthly 418 (Oct 2005): 50-51. Abstract (summary) Pure - or 1,000 thousandths - gold is equivalent to 24 carats, but gold is generally used as an alloy because it is such a soft metal. The jewellers' terms "fine gold" and "pure gold" mean 920 and 840 thousandth alloys respectively, the balance being supplied by copper. The addition of copper produces red and pink golds, while deep yellow gold is practically 100% pure and "white gold" is often a gold alloy containing nickel and palladium. Pure - or 1,000 thousandths - gold is equivalent to 24 carats, but gold is generally used as an alloy because it is such a soft metal. The jewellers' terms "fine gold" and "pure gold" mean 920 and 840 thousandth alloys respectively, the balance being supplied by copper. The addition of copper produces red and pink golds, while deep yellow gold is practically 100% pure and "white gold" is often a gold alloy containing nickel and palladium. Full Text Gold is among the oldest metals known to mankind, over whom it has often exerted a compelling force of attraction because of its rarity, lustrous beauty and permanence. A sun-yellow ductile metallic element, gold mostly occurs as nuggets in rocks and alluvial deposits. It has a high melting point (1,063°C) and is one of the best conductors of heat and electricity, as well as being resistant to corrosion, except from chlorine, fluorine and aqua regia acid. It is one of the densest elements at 19.3 g/cm^sup...

Words: 1615 - Pages: 7

Gold Standard

...made was to remove the US from the Gold Standard which he did in June of 1933.1 The Gold Standard is a monetary system in which currency is backed by gold. The decision to remove the United States from the Gold Standard came as a result of the tremendous economic hardship of the Great Depression, which Americans had already been enduring the symptoms of for several years before FDR took office in 1932.2 The Gold Standard was not plausible according to many economic experts because with the Depression came staggering unemployment numbers as high as forty percent in some parts. Nearly 13 million people were out of work when Roosevelt took office.3 Whitehouse.gov Many people lived in extremely crowded living arrangements especially people of color. In 1913 the Federal Reserve was created, it was suppose to alleviate the fears of American account holders and prevent run on from banks in two ways: It could provide a vehicle for banks to borrow cash during times of stringency; therefore, satisfying their customer’s needs. The other avenue the Fed had was to create a new form of currency or Federal Reserve Notes. 2 ________________________________________________________________ 1. “FDR takes United States off gold standard,” The History Channel website, http://www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard (accessed Apr 26, 2014). 2. Elkwell, Craig K. "Congressional Research Service." Brief History of the Gold Standard in the United States.......

Words: 972 - Pages: 4

Rain of Gold

...A Mother’s Hand The Rain of Gold written by Victor Villasenor, is a strong tale of two Hispanic families who escape the Mexican Revolution, only to have their life’s intertwined. Contrary to the customs of the times, both families are run by two strong and independent women. The mothers are left by both of their husbands during the revolution— left to take care of their families. Focusing on one mother, Dona Margarita is the best example of a powerful and influential matriarch. She is left to take care of her family during their trip out of Mexico, and throughout their time in America. Dona Margarita has the strongest impact on her children’s lives. Juan Villasenor is born from a proud family, led by an even prouder mother. Dona Margarita’s main strength to keep on going is the fact that she is a descendant of the great Don Pio. This great sense of pride is passed to her kids, as shown by Juan’s recklessness when he was competing with the other boys. “Juan was full of the devil; he just knew this was one event he was sure to win. After all, he was a Villasenor with Castro blood…”(117). Even though Juan misses the train his sheer determination to go and run after it is truly amazing. Juan’s mother left such an impression on him that when he sees the jaguar, he can hear his mother’s words “Attack, mi hijito! Dont run! Attack! Or he’ll kill you” (125)! Throughout the book, Dona Margarita seems to have this sixth sense about her kids, in which she can tell if her kids are in...

Words: 1082 - Pages: 5

Gold Rush

...where the American Dream came true for many. Before the gold rush, California was under the Mexican rule since 1821. California’s population mainly consisted of about 6,500 Californios, 700 Americans and 150,000 Native Americans. Most of the Californians lived on vast ranches granted to them by the Mexican government. New settlers, mainly Americans, started moving into California for land and trade. Mexican control over California weakened following the Bear Flag revolt by the settlers and the United States took control of the region. The United States waged war against Mexico for manifest destiny and a dispute over Texas in the Mexican–American War on May 19,1846. The Treaty of Guadalupe Hidalgo between United States and Mexico ended the war officially on February 2,1848. California was handed over to United States. Neither the United States nor Mexico knew that gold had recently been discovered in California in 1848. The discovery of gold set off a major historical event in California, the California Gold Rush! James Marshall accidentally discovered gold while at work on January 24,1848 in Coloma, California. He was a carpenter building a sawmill on the banks of the American River at Coloma for John Sutter, a Swiss immigrant to California who founded the Sutter’s Fort in Sacramento. On January 24, 1848 James Marshall noticed tiny golden flakes sparkling in the American River and was astonished to find that it was gold! He reported this to John Sutter and they......

Words: 1547 - Pages: 7

Gold

...government. Gold has real value due to its beauty, usefulness, and scarcity. * With a fiat currency the government can essentially manufacture money virtually out of nowhere. Since leaving the gold standard in 1971 US currency in circulation increased from $48.6 billion to over $1 trillion dollars in 2012. Between 1971 and 2003 the entire supply of money in the United States has increased by 1,100%. Under a gold standard, new money could only be printed if a corresponding amount of gold were available to back the currency. * Since leaving the gold standard in 1971, inflation has reduced the value of the dollar, and inflated the price of oil about 32 fold. In 1973, Saudi Arabia agreed to trade oil only in dollars. This created a new international demand for the fiat dollars the Fed was now printing and as more dollars flooded the world, general inflation in oil prices followed. When on a partial gold standard in the 1950s and 1960s the nominal price of oil was stable, averaging $2.90 a barrel. By June 2008 the nominal price of oil hit $126.33 per barrel * Since gold is a finite natural material, and must be mined and processed at a significant cost, it tends to be produced at levels consistent with demand. Under a gold standard, creating more currency requires obtaining more gold, which raises golds market price and stimulates increased mining. More gold is then used to back more money until a point when currency levels are adequate, the price of gold levels out,......

Words: 879 - Pages: 4

Gold

...Amundi, Nomura, Credit Suisse and JP Morgan Proprietary research by leading regional financial institutions and brokerage firms in China, Hong Kong, Japan and India Industry promotion bodies such as the world Gold Council and the Silver Institute Annual reports and investor presentations by a core group of 150 public companies countries from India, Hong Kong, China, Europe, USA, Australia, Canada, South Africa, South East Asia and Zimbabwe. T h e s c o m p a n i e s operate in various industries including the diamond industry, luxury goods industry, precious jewellery retailing industry and general retailing • • • Earnings call transcripts which are extremely useful Industry trade publications International and regional financial news organisations Nevertheless, analysis of data and trends is an art. For the most part, our researchers at Equity Communications are our greatest asset. In the following pages, you will discover our views on the consumption of precious jewellery in India as well as discover our ideas on the likely direction of such consumption in the future. You will also get to find out why we selected India as the most promising market for precious jewellery for many years to come. For our purposes, we define precious jewellery as jewellery pieces made of gold, platinum or silver, in their pure form or combined with other lesser metals like copper. Such jewellery pieces can be in plain form or gemset precious jewellery. In the gemset category, this report......

Words: 40024 - Pages: 161

“Is Outsourcing Fool’s Gold?”

...The advantage of hiring existing IS staff (from a outsourcing vendors perspective) is that it allows for faster implementation of a system outsourced by a vendor. Because outsourcing is common, finding staff fast who will do the job required is key. Because most IS related staff get made redundant by the firm when they move to an outsourced function, the outsourcing vendor instantly has a pool of unemployed skilled workers that they can choose from, who already live in the area and have the experience required. This allows for the outsourcer to reduce set-up time by not having to find and hire new employees. The second advantage of hiring existing IS staff is that they are already knowledgeable about the business. Because they already have an insight into what the business is looking for the outsourced IS to provide and/or where potential strengths/weaknesses lie within the organisation. The main disadvantage to the outsourcing vendor of hiring existing IS staff is that the attitudes of staff running essentially the same system just under different management can be negative especially if they feel undervalued because the organization has just moved responsibility over to the vendor. The main advantage to the client organisation of having it’s own staff re-hired by an outsourcing company is that it relieves the responsibility of managing their own staff but prevents them from moving to a competitor firm. This gives them a advantage especially if they were......

Words: 473 - Pages: 2

Is Gold Is Good as Gold

...is us dollar is good as gold Let us consider about US dollars, it is the currency of the world’s strongest country,United States of America . It is the one of the country who uses the human resources very well. It has the biggest economy in the world. It is the world leader in technology( at the moment). It has a lot of influence in the United Nations. U.S is the country that pays more money to IMF.US dollars is internationally accepted currency for trade and exchamges. Besides being the main currency of the United States, the American dollar is used as the standard unit of currency in international markets for commodities such as gold and petroleum. most of the country prefer to do trade and exchange in US dollars,it is because US dollars shows steady growth irrespective of international situations with very meager exceptions. For example, petronas likes get paid in US dollars, they asked japan to pay them in US dollarsfor something related to petroleum. Like ways, most countries would like to get paid in US dollars. Now, US dollars becoming as an world currency for international exchange and trade. US dollars is one of the mostly use reserve currency in the world. The United States dollar is the most widely held currency in the Allocated Reserves today. Throughout the last decade, an average of two thirds of the total Allocated foreign exchange reserves of countries have been in US dollarss. For this reason, the US dollars is said to have "reserve-currency status",......

Words: 391 - Pages: 2

Trent Haaga | The Big Bang Theory Season 3 Completed | Watch Movie