The Unadulterated Gold Standard Part V

The Real Bill is credit provided for clearing, without lending or borrowing.  It is different than a bond.  To review the bond, in Part III we showed how it arises out of the need to save.  People must plan for retirement and senescence during their working years.  Even if there is no way to lend at interest, this need still exists.  So people hoarded part of their income by buying a commodity with a narrow bid-ask spread that was not perishable.  Salt and silver are two commodities that were used for this purpose.  For many reasons saving, in which one lends one’s wealth at interest, is superior to hoarding.  Thus the bond was born.

The Real Bill is quite different.  It isn’t lending at all.  It is a clearing instrument that allows the goods to move to the gold-paying consumer before said consumer pays with gold.  The Real Bill does not earn interest, and there are no monthly payments.  The Real Bill is an opportunity to buy gold at a discount.  The Real Bill sells in the market for less gold than its face value, based on the discount rate and the time to maturity.  For example, a 1000g Bill would sell for 9975 grams 90 days from maturity, assuming the discount rate was 1%.  When the merchant has sold all of the goods to consumers, and thus has all of the gold, he pays the bill with 1000g of gold.

By contrast, Bills occur wherever people consume.  It is certain that people will eat bread tomorrow.  Therefore, it is not risky to provide the gold to clear the flour sale.  Bills come into existence because of the chronic need to consume.  Bills increase in quantity at times of high seasonal consumer demand (such as Christmas) and decrease at times of low demand.

Bills provide the responsiveness necessary for a large and complex economy, without the sinister elements that come with “flexible” irredeemable paper money, central banking, and fiat elements such as “legal tender” laws.  This is because Bills respond to market signals (the chief “virtue” of irredeemable paper money, or indeed any government interference in markets, is that does not).  Most importantly, every Real Bill is extinguished after it has cleared one delivery of goods.  Real Bills are said to be “self-liquidating”.  Unlike the mortgage on a building, or the bond that finances a factory, the Real Bill is paid in full upon the sale of the asset it financed.

Real Bills are a simple mechanism, but they enable some very elegant arbitrages.  For example, seasonal businesses have a problem for part of the year.  What does the heating oil distributor do in the spring and summer?  As he sells down his stocks of oil, he does not want to buy more oil.  He can buy Bills, perhaps issued by a garden supply store that is in its busy season (and therefore is generating Bills).  In this vignette, the heating oil distributor is directly financing the inventories of the garden supply!  Without a bank or any other intermediary needed, it’s more efficient.

There is a subtler arbitrage, between retail merchandise and Real Bills.  Every retailer can calculate a rate of return for every product on the shelves.  The goods are financed by the issuance of Bills; it makes no sense to carry any goods that have a return lower than the discount rate.  Instead, the retailer should not stock those goods and put spare capital into the Bills issued to finance higher-yielding merchandise.  Today, without a market discount rate, even in the information age with software to track everything, many retailers make poor decisions of what merchandise to carry.

There are many other even more subtle arbitrages, but let’s look at one that is especially interesting.  It is basic Econ 101 that if a natural disaster strikes then prices must rise.  For example, if the wheat crop is hit by hail then there is a wheat shortage in the region.  Prices must rise before wheat is diverted to the empty bakeries and hungry people.  Real Bills provide a buffer mechanism.  If the shortage is local (and hence small in proportion to the global market), what happens is that the discount rate falls in that region.

Let’s look at this.  The Real Bill arises, as discussed above, from consumption.  In case of shortage, there is greater confidence that goods shipped into the region will be consumed even more rapidly.  A lower discount rate means that the distributor is effectively paid a higher amount.  This will attract goods out of other regions where there is no shortage.  It is not necessary for the baker to pay a higher price on flour, or for the consumer to pay a higher price for bread.  What is necessary is that the distributor receives a higher price to divert the flour to the region.  The lower discount rate provides that higher price.

Real Bills serve a vital role in the banking system, particularly for the savings bank.  To back a demand deposit account, the bank can have 1/3 of the assets in gold and 2/3 in Real Bills.  It must be emphasized that this has nothing to do with fractional reserves!  The Real Bill is not lending.  More importantly, the Bill market cannot go “no bid”.  All Bills will be fully paid in 90 days, with the average being 45 days.

In contrast, with the lending of demand deposits (a form of duration mismatch), the system becomes unstable.  This is not due to the risk of default per se.  It is because the banks expand credit into a structure that is not in accord with the wishes of the savers.  Eventually, it is guaranteed to collapse in a no-bid bond market with panic, liquidations, defaults, and bankruptcies (Duration Mismatch Will Always Fail).

The problem with duration mismatch is not merely one of liquidity.  If today’s crisis, ongoing after more than four years(!) of flailing by central banks shows anything, it is that a mismatched and unbalanced credit structure cannot be fixed with liquidity.  What happened is that projects for more and higher-order factors of production were started.  But there was insufficient real capital to finance them, so those projects must be written offs with losses taken by banks and investors.  The demand deposit backed by Bills does not create this problem.

In a free market, if people want a bank to provide only safe storage of gold with perhaps payment processing, then that service will exist for a fee.  Such an account will effectively have a negative rate of interest.  Most people prefer not to pay fees, and to earn a nominal rate of interest (in gold, of course there is no currency debasement so even 0.01% is positive).  The Real Bill makes this possible.

Real Bills are a topic that could fill an entire book.  The goal of parts IV and V iof this series is to provide an overview, show some of the elegant mechanisms of the Bills market, and address some of the controversy that has swirled around Real Bills from at least the time of Ludwig von Mises, and more recently when Professor Antal Fekete published his ideas about them on the Internet.

To conclude this entire series on the Unadulterated Gold Standard, it is fitting to provide the formal definition now that the reader has sufficient understanding of the concepts and ideas.

The unadulterated gold standard is a free market in money, credit, interest, and discount based on the right of the people to hold and use gold coins, and which includes Real Bills and bonds.

As we could only hint in this series, there are numerous specialists conducting transactions that are not obvious (or even counterintuitive) and the credit market can evolve into a structure that is quite complex.  So long as there is no force or fraud involved, the system remains stable under a gold standard.

10 replies
  1. Charles Hader says:

    Let me know your comments on this following discussion:
    stinker fart says:
    October 23, 2019 at 11:14 am

    Great Article exactly what needs to be said
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:08 pm

    Why are there two stinker farts? Did you copy my name?
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:09 pm

    NO!!!!!!!!!. You copied my name!!!!!
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:10 pm

    no!!! you’re mixed up!!! you copied mine
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:10 pm

    DID NOT!!!!!!!!!!!
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:11 pm

    did toooo!!!!!!!!!!!
    stinker fart says:
    October 23, 2019 at 1:23 pm

    DID TOO!!!!!!
    stinker fart says:
    October 23, 2019 at 1:24 pm

    I DID NOT!!!!!!!! you copied mine, STINKER FART!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:25 pm

    COME ON, I created mine before you!!!!!!!!!!!!!!
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:26 pm

    YOUR USERNAME FITS YOU !!!!!!! YOU ARE A STINKER FART!!!!!!!!!!!!
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:27 pm

    STINKER FART YOURSELF!!!!!!!!!
    ]
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:28 pm

    WHAT A FART YOU ARE!!!!!!!
    stinker fart says:
    October 23, 2019 at 1:28 pm

    THAT”S YOU AS WELL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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    stinker fart says:
    October 23, 2019 at 1:29 pm

    HEY YOUR NAME IS STINKER FART, NOT MINE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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    stinker fart says:
    October 23, 2019 at 1:30 pm

    NO!!!!! YOUR NAME IS STINKER FART
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    stinker fart says:
    October 23, 2019 at 1:32 pm

    YOURS IS TOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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    stinker fart says:
    October 23, 2019 at 1:33 pm

    OK OK YOU CAN HAVE MY NAME> I DON”T WANT IT
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:33 pm

    NO!!!!!!!!!! I DON”T WANT IT YOU CAN
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:34 pm

    I DON”T WANT IT
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:34 pm

    ME NEITHER
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:35 pm

    I”ll CHANGE MINE
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:35 pm

    ME TOOO!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:36 pm

    NO YOU KEEP YOURS I”LL CHANGE MINE
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:37 pm

    OK< NICE TALKING TO YOU
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:38 pm

    NICE TALKING TO YOU TOO!!
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:39 pm

    HOPEFULLY WE”LL HAVE MORE POLITE DiSCUSSIONS
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:39 pm

    YEAH
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:40 pm

    DO YOU WANT TO MEET AT CUT THE CRAB
    stinker fart says:
    October 23, 2019 at 1:41 pm

    sure Lets have a nice talk there
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:42 pm

    ok
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:20 pm

    Stinker who?
    Log in to Reply
    super stinky fart smith says:
    October 24, 2019 at 3:21 pm

    FART!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:23 pm

    how many stinker fart variations are there?
    Log in to Reply
    super stinky fart smith says:
    October 24, 2019 at 3:24 pm

    FOUR!!!!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:24 pm

    wait, is someone spamming the comments? I’ll report you for sure xD. I’m reporing stinker fart, super stinky fart smith ,
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:25 pm

    ADDED a new one!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:25 pm

    gimme $5000 or I’ll report you
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:26 pm

    DID YOU JUST FART!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!111???????????????????????????
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:27 pm

    Who Names their babies super duper stinky fart smith
    DID YOU JUST FART!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!111???????????????????????????
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:27 pm

    GIMME 100000000000000000000000000000000000 or I’LL FART IN YOUR FACE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:28 pm

    YES REALLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:29 pm

    #stinkerfartreallystinks
    Log in to Reply
    Smith THE STINKY FART says:
    October 24, 2019 at 4:08 pm

    fart
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:28 pm

    I can’t even see you stinker!
    #stinkerfartstinks
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:31 pm

    Let’s move comments to the next article and be more respectful over our minor-smelling differences.
    #benice
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:36 pm

    HEY it’s me, the famed LA Dodgers rookie catcher, better listen to me
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:41 pm

    Rlly. we got 3 Recent WS rings, you got 000000000
    #BeatLA
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:37 pm

    Stop picking on stinky fart
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:38 pm

    me and him are filing a 1000000000000000000 dollar lawsuit against you for emotional insenstivity
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:42 pm

    You actually know a Stinky Fart?
    You must smell like him
    LOL
    #STinkkers
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:38 pm

    Hey, lil’ rookie catcher. Remember when I struck you out ot end the game back in September?
    i’m will smith the all-star closer
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:39 pm

    emotional abuse
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:40 pm

    Wth are you talking about
    #AbuseFarts
    #AbuseRookies
    #BeatLA
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:42 pm

    Hey something’s going on here. I’m The all-star closer and YOU struck out
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:43 pm

    Where do you live?
    Do you Have a Beard?
    How Tall R YOu?
    How much do you weigh?
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:44 pm

    I was born in Georgia
    im 6’5
    Will Smith says:
    October 24, 2019 at 3:45 pm

    me too
    Will Smith says:
    October 24, 2019 at 3:39 pm

    There aren’t ten quadrillion dollars in the world, you-clog nosed fart
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:39 pm

    TRUE blue isn’t you
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:41 pm

    TBLA I DON”T WANT IT
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:33 pm

    NO!!!!!!!!!! I DON”T WANT IT YOU CAN
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:34 pm

    I DON”T WANT IT
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:34 pm

    ME NEITHER
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:35 pm

    I”ll CHANGE MINE
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:35 pm

    ME TOOO!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:36 pm

    NO YOU KEEP YOURS I”LL CHANGE MINE
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:37 pm

    OK< NICE TALKING TO YOU
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:38 pm

    NICE TALKING TO YOU TOO!!
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:39 pm

    HOPEFULLY WE”LL HAVE MORE POLITE DiSCUSSIONS
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:39 pm

    YEAH
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:40 pm

    DO YOU WANT TO MEET AT CUT THE CRAB
    stinker fart says:
    October 23, 2019 at 1:41 pm

    sure Lets have a nice talk there
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:42 pm

    ok
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:20 pm

    Stinker who?
    Log in to Reply
    super stinky fart smith says:
    October 24, 2019 at 3:21 pm

    FART!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:23 pm

    how many stinker fart variations are there?
    Log in to Reply
    super stinky fart smith says:
    October 24, 2019 at 3:24 pm

    FOUR!!!!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:24 pm

    wait, is someone spamming the comments? I’ll report you for sure xD. I’m reporing stinker fart, super stinky fart smith ,
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:25 pm

    ADDED a new one!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:25 pm

    gimme $5000 or I’ll report you
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:26 pm

    DID YOU JUST FART!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!111???????????????????????????
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:27 pm

    Who Names their babies super duper stinky fart smith
    DID YOU JUST FART!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!111???????????????????????????
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:27 pm

    GIMME 100000000000000000000000000000000000 or I’LL FART IN YOUR FACE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:28 pm

    YES REALLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:29 pm

    #stinkerfartreallystinks
    Log in to Reply
    Smith THE STINKY FART says:
    October 24, 2019 at 4:08 pm

    fart
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:28 pm

    I can’t even see you stinker!
    #stinkerfartstinks
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:31 pm

    Let’s move comments to the next article and be more respectful over our minor-smelling differences.
    #benice
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:36 pm

    HEY it’s me, the famed LA Dodgers rookie catcher, better listen to me
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:41 pm

    Rlly. we got 3 Recent WS rings, you got 000000000
    #BeatLA
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:37 pm

    Stop picking on stinky fart
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:38 pm

    me and him are filing a 1000000000000000000 dollar lawsuit against you for emotional insenstivity
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:42 pm

    You actually know a Stinky Fart?
    You must smell like him
    LOL
    #STinkkers
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:38 pm

    Hey, lil’ rookie catcher. Remember when I struck you out ot end the game back in September?
    i’m will smith the all-star closer
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:39 pm

    emotional abuse
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:40 pm

    Wth are you talking about
    #AbuseFarts
    #AbuseRookies
    #BeatLA
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:42 pm

    Hey something’s going on here. I’m The all-star closer and YOU struck out
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:43 pm

    Where do you live?
    Do you Have a Beard?
    How Tall R YOu?
    How much do you weigh?
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:44 pm

    I was born in Georgia
    im 6’5
    Will Smith says:
    October 24, 2019 at 3:45 pm

    me too
    Will Smith says:
    October 24, 2019 at 3:39 pm

    There aren’t ten quadrillion dollars in the world, you-clog nosed fart
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:39 pm

    TRUE blue isn’t you
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:41 pm

    TBLA I DON”T WANT IT
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:33 pm

    NO!!!!!!!!!! I DON”T WANT IT YOU CAN
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:34 pm

    I DON”T WANT IT
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:34 pm

    ME NEITHER
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:35 pm

    I”ll CHANGE MINE
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:35 pm

    ME TOOO!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:36 pm

    NO YOU KEEP YOURS I”LL CHANGE MINE
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:37 pm

    OK< NICE TALKING TO YOU
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:38 pm

    NICE TALKING TO YOU TOO!!
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:39 pm

    HOPEFULLY WE”LL HAVE MORE POLITE DiSCUSSIONS
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:39 pm

    YEAH
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:40 pm

    DO YOU WANT TO MEET AT CUT THE CRAB
    stinker fart says:
    October 23, 2019 at 1:41 pm

    sure Lets have a nice talk there
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:42 pm

    ok
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:20 pm

    Stinker who?
    Log in to Reply
    super stinky fart smith says:
    October 24, 2019 at 3:21 pm

    FART!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:23 pm

    how many stinker fart variations are there?
    Log in to Reply
    super stinky fart smith says:
    October 24, 2019 at 3:24 pm

    FOUR!!!!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:24 pm

    wait, is someone spamming the comments? I’ll report you for sure xD. I’m reporing stinker fart, super stinky fart smith ,
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:25 pm

    ADDED a new one!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:25 pm

    gimme $5000 or I’ll report you
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:26 pm

    DID YOU JUST FART!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!111???????????????????????????
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:27 pm

    Who Names their babies super duper stinky fart smith
    DID YOU JUST FART!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!111???????????????????????????
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:27 pm

    GIMME 100000000000000000000000000000000000 or I’LL FART IN YOUR FACE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:28 pm

    YES REALLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:29 pm

    #stinkerfartreallystinks
    Log in to Reply
    Smith THE STINKY FART says:
    October 24, 2019 at 4:08 pm

    fart
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:28 pm

    I can’t even see you stinker!
    #stinkerfartstinks
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:31 pm

    Let’s move comments to the next article and be more respectful over our minor-smelling differences.
    #benice
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:36 pm

    HEY it’s me, the famed LA Dodgers rookie catcher, better listen to me
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:41 pm

    Rlly. we got 3 Recent WS rings, you got 000000000
    #BeatLA
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:37 pm

    Stop picking on stinky fart
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:38 pm

    me and him are filing a 1000000000000000000 dollar lawsuit against you for emotional insenstivity
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:42 pm

    You actually know a Stinky Fart?
    You must smell like him
    LOL
    #STinkkers
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:38 pm

    Hey, lil’ rookie catcher. Remember when I struck you out ot end the game back in September?
    i’m will smith the all-star closer
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:39 pm

    emotional abuse
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:40 pm

    Wth are you talking about
    #AbuseFarts
    #AbuseRookies
    #BeatLA
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:42 pm

    Hey something’s going on here. I’m The all-star closer and YOU struck out
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:43 pm

    Where do you live?
    Do you Have a Beard?
    How Tall R YOu?
    How much do you weigh?
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:44 pm

    I was born in Georgia
    im 6’5
    Will Smith says:
    October 24, 2019 at 3:45 pm

    me too
    Will Smith says:
    October 24, 2019 at 3:39 pm

    There aren’t ten quadrillion dollars in the world, you-clog nosed fart
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:39 pm

    TRUE blue isn’t you
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:41 pm

    TBLA I DON”T WANT IT
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:33 pm

    NO!!!!!!!!!! I DON”T WANT IT YOU CAN
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:34 pm

    I DON”T WANT IT
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:34 pm

    ME NEITHER
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:35 pm

    I”ll CHANGE MINE
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:35 pm

    ME TOOO!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:36 pm

    NO YOU KEEP YOURS I”LL CHANGE MINE
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:37 pm

    OK< NICE TALKING TO YOU
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:38 pm

    NICE TALKING TO YOU TOO!!
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:39 pm

    HOPEFULLY WE”LL HAVE MORE POLITE DiSCUSSIONS
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:39 pm

    YEAH
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:40 pm

    DO YOU WANT TO MEET AT CUT THE CRAB
    stinker fart says:
    October 23, 2019 at 1:41 pm

    sure Lets have a nice talk there
    Log in to Reply
    stinker fart says:
    October 23, 2019 at 1:42 pm

    ok
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:20 pm

    Stinker who?
    Log in to Reply
    super stinky fart smith says:
    October 24, 2019 at 3:21 pm

    FART!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:23 pm

    how many stinker fart variations are there?
    Log in to Reply
    super stinky fart smith says:
    October 24, 2019 at 3:24 pm

    FOUR!!!!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:24 pm

    wait, is someone spamming the comments? I’ll report you for sure xD. I’m reporing stinker fart, super stinky fart smith ,
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:25 pm

    ADDED a new one!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:25 pm

    gimme $5000 or I’ll report you
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:26 pm

    DID YOU JUST FART!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!111???????????????????????????
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:27 pm

    Who Names their babies super duper stinky fart smith
    DID YOU JUST FART!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!111???????????????????????????
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:27 pm

    GIMME 100000000000000000000000000000000000 or I’LL FART IN YOUR FACE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    super duper stinky fart smith says:
    October 24, 2019 at 3:28 pm

    YES REALLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:29 pm

    #stinkerfartreallystinks
    Log in to Reply
    Smith THE STINKY FART says:
    October 24, 2019 at 4:08 pm

    fart
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:28 pm

    I can’t even see you stinker!
    #stinkerfartstinks
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:31 pm

    Let’s move comments to the next article and be more respectful over our minor-smelling differences.
    #benice
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:36 pm

    HEY it’s me, the famed LA Dodgers rookie catcher, better listen to me
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:41 pm

    Rlly. we got 3 Recent WS rings, you got 000000000
    #BeatLA
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:37 pm

    Stop picking on stinky fart
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:38 pm

    me and him are filing a 1000000000000000000 dollar lawsuit against you for emotional insenstivity
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:42 pm

    You actually know a Stinky Fart?
    You must smell like him
    LOL
    #STinkkers
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:38 pm

    Hey, lil’ rookie catcher. Remember when I struck you out ot end the game back in September?
    i’m will smith the all-star closer
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:39 pm

    emotional abuse
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:40 pm

    Wth are you talking about
    #AbuseFarts
    #AbuseRookies
    #BeatLA
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:42 pm

    Hey something’s going on here. I’m The all-star closer and YOU struck out
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:43 pm

    Where do you live?
    Do you Have a Beard?
    How Tall R YOu?
    How much do you weigh?
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:44 pm

    I was born in Georgia
    im 6’5
    Will Smith says:
    October 24, 2019 at 3:45 pm

    me too
    Will Smith says:
    October 24, 2019 at 3:39 pm

    There aren’t ten quadrillion dollars in the world, you-clog nosed fart
    Log in to Reply
    will smith says:
    October 24, 2019 at 3:39 pm

    TRUE blue isn’t you
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:41 pm

    TBLA<Giants nation
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:42 pm

    HEY!!!! you’re not the closer
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:43 pm

    I AM
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:43 pm

    YOU IMPOSTER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:44 pm

    I’M SUEING YOU FOR IDENTITY THEFT!!!!!!!!!!!!!!!!!!!!!!!! 1000000000 DOLLARS!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:45 pm

    COME ON THE POLICE WANT YOU!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:46 pm

    HEY I’M WAITING
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:47 pm

    HEY YOU! STOP ABUSING MY FRIEND WILL, IM HIS MINOR LEAGUE TEAMATE.
    I’m filing trillion dollar claims for identity theft and
    social abuse
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:47 pm

    #SOCIALRESPECT
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:47 pm

    I FORGOT TO SAY, THE MONEY IS IN GOLD
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:48 pm

    sssssssssssssssso, you are one of those never-worker, fat video gamers who makes money suing people for dead money
    #RESPECT
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:48 pm

    I’m suprised Akismet hasn’t put our stuff in the spam
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:49 pm

    DO YOU WANT TO GO OUT FOR DINNER?
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:53 pm

    Masa, New York City resturant the most expensive in the USA
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:50 pm

    HOPEFULLY WE CAN HAVE A RESPECTFUL DISCUSSION
    Log in to Reply
    Josh says:
    October 24, 2019 at 3:51 pm

    Read this Kid! https://kidshelpline.com.au/teens/issues/all-about-respect
    Log in to Reply
    Smith THE STINKY FART says:
    October 24, 2019 at 3:57 pm

    READ IT YOURSELF!!!!!!!!!!!!!!!!!
    Log in to Reply
    Smith THE STINKY FART says:
    October 24, 2019 at 3:58 pm

    HEY, I JUST FARTED!! SMELL IT YET???????????
    Log in to Reply
    Will Smith says:
    October 24, 2019 at 3:54 pm

    #beRESPECTFUL KID
    Log in to Reply
    Smith THE STINKY FART says:
    October 24, 2019 at 3:56 pm

    I CHANGED MY NAME
    Log in to Reply
    James says:
    October 25, 2019 at 12:40 pm

    if you liked this discussion please respond. THANKS!!
    Log in to Reply
    Baby Shark Botkin says:
    October 25, 2019 at 1:00 pm

    I like It!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    SMITH THE SUPER DUPER STINKY STINKER FART says:
    October 25, 2019 at 1:03 pm

    I CAN SMELL THE FART HERE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Log in to Reply
    Wiliam says:
    October 25, 2019 at 1:17 pm

    HOW DOES IT SMELL WITH A SMITH THE SUPER DUPER STINKY STINKER FART, Smith THE STINKY FART, super duper stinky fart smith, super stinky fart smith, AND stinker fart!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! It must smell TERRIBLE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!. PHEWWEEE!!!!!!!!!!!!!!!!!!!!!!!!… LOL
    Log in to Reply
    FARTY PANTS SMITH says:
    October 25, 2019 at 1:20 pm

    I AGREE
    I found this on the Unadulterated Gold Standard Home page, the one with 84 comments. Do you no WHO did it !? This is spam. Let me know if you know who did it. My email is thebot224@gmail.com

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