Well worth listening to.
Top 5 Places NOT To Be In A Dollar Collapse
All currencies﻿ have arbitrary fiat value.
Gold is just a commodity it’s no better than paper currency when it’s being used.
That’s one of many reasons we should abandon the proxy barter system and start switching over to a resource based economic scientifically designed to meet human needs and maximize creative freedoms. All money does is create a system of [...]
Before 1974, U.S. dollars were backed by gold. This meant that the federal government could not print more money than it could redeem for gold. While this constrained the federal government, it also provided citizens with a relatively stable purchasing power for goods and services. Today’s paper currency has no intrinsic value. It is not based on the value of gold or anything else. Under a gold standard, inflation was [...]
This carefully research article by Ellen Brown was first published in April 2009. It sheds light on the current crisis of the World monetary system. (GR ed. M. Ch.)
In an April 7  article in The London Telegraph titled “The G20 Moves the World a Step Closer to
a Global Currency,” Ambrose Evans-Pritchard wrote:
“A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the [...]
Are we running out of time? For the last several years, we have been living in a false bubble of hope that has been fueled by massive amounts of debt and bailout money. This illusion of economic stability has convinced most people that the great economic crisis of 2008 was just an “aberration” and that now things are back to normal. Unfortunately, that is not the case at all. The [...]
Panic button has been hit by several governments. A summary of what governments are doing globally:
Selling snake oil and issuing unbacked paper currency are not so different. They’re both wildly successful ploys for the guys pulling the strings. And they’re both complete scams that depend solely on the confidence of a willing, ignorant public.
But once the confidence begins to erode, the fraud unravels very, very quickly, and the perpetrators resort to [...]
Are Central Banks Really Planning To Raise Interest Rates?
Here’s the skinny on this…
Any signigicant rise in effective interest rates by central banks will cause an instant market crash that will make 2008 look like a cake walk.
You see the Fed and other Central Banks have put themselves in a catch 22, we’ve been in a chronically low interest rate environment with almost non-existant economic growth for so long it is [...]
The dollar has lost 57% of its value since February 9th, 2007; according to this graph:
And the price of gold has SKYROCKETED. Gold has gained a whopping 3773% since July 19th, 2002.
So all you skeptics out there, I suggest you either put your wealth into something useful such as food and supplies. Because things are getting HOT.
(P.S. if you click on the links, to see an overview of each, click [...]
Today world renowned money manager Felix Zulauf warned King World News, “… the fiat currency, paper currency standard, is in the final stage of the super cycle.” Zulauf, who founded Zulauf Asset Management, also declared, “I do believe the 30 year bull market in government bonds is over.”
Zulauf, a 20+ year Barron’s Roundtable panelist, was bullish on gold: “… from now on buying the dips is the right strategy because [...]
I use the dollar in the description of Credit Default swaps for a basis as they could be denominated in any fiat currency.
Understand that the dollar is the defacto “Reserve currency – Petrodollar” that the world uses to transact business. As that dollar becomes more encumbered with “leverage” its ability to be a store of value has less conviction and faith. The “only” value that a fiat paper currency can [...]
June 11, 2012, at 1:25 pm
by Jim Sinclair in the category General Editorial | Print This Post | Email This Post
My Dear Friends,
In one corner we have the Exchange stabilization fund and gold banks, their brokers who are clearly in a panic to hold gold below $1600. In the other corner are many central banks elsewhere that fear the viability of their paper currency inventories. In the middle stands the speculators which are basically gambleholics who will [...]
Coin collectors beware.
Senator Manuel Lapid has filed a bill to penalize the hoarding of coins to avoid coin shortage.
Citing figures from the Bangko Sentral ng Pilipinas (BSP), Lapid said there should be around 17.34 billion coins–worth around P18.94 billion–in circulation. He said that would mean around 184 coins per Filipino.
“To enterprising crooks, this volume of coins in circulation is a goldmine. Recent valuation of the worth of the country’s coinage [...]
Gold’s London AM fix this morning was USD 1,648.25, EUR 1,246.22, and GBP 1,017.88 per ounce. Yesterday’s AM fix was USD 1,641.25, EUR 1,241.49 and GBP 1,019.54 per ounce.
Silver is trading at $30.85/oz, €23.45/oz and £19.14/oz. Platinum is trading at $1,563.00/oz, palladium at $658.75/oz and rhodium at $1,350/oz.
After moves down and then up, gold finished $2.60 or 0.16% higher in New York yesterday and closed at $1,643.80/oz. Gold fell some [...]
Should our fine financial system cease functioning cash will become a rare and precious medium. Over the years Americans have exchanged paper currency with confidence. Yet, today everyone’s cash is a digital value out of hand. Our vast nationwide cash money market holdings greatly exceed any paper currency supply making any Bank run a momentary event. Should the financial house of cards crash, holders of green back US Dollars will [...]
Why save when one can spend (and, more importantly, why save when one has ZIRP)? This appears to have been the motto of American consumers in the past three months when the US Savings rate has plunged from 4.7% in December to a tiny 3.7% in February: the lowest since December 2007′s 2.6%, and just as the recession and the market crash was about to send everyone scrambling for the safety [...]
by The Economic Collapse
Most people think of a cashless society as something that is way off in the distant future. Unfortunately, that is simply not the case. The truth is that a cashless society is much closer than most people would ever dare to imagine. To a large degree, the transition to a cashless society is being done voluntarily. Today, only 7 percent of all transactions in the United States are done with [...]
The Constitution declares gold and silver are the only legal tender for payment of debts in America:
“No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any [...]
The gold standard was generally restored in the post-war years; however, this return was short-lived, as leading economies once again suspended convertibility in order to devalue their currencies in response to the Great Depression. The US remained on a gold standard, although the 1934 Gold Reserve Act nationalised private gold holdings and devalued the gold dollar.
The true gold standard was never restored after 1922-
The amount of paper currency created by [...]
Short-term volatile moves in Gold, as we have seen over the past fewmonths, do not affect our projections for the future price of Gold based on our fractal (pattern) ”model” off the late 70?s Gold Bull. Just as we correctly projected the $1,920 high in our April article entitled Goldrunner: Gold On Track To Reach $1860 To $,920 By Mid-Year (gold reached $1,917.20 in late August and $1,923.70 in early September, 2011), our current [...]
From Investment Postcards from Cape Town:
… For a decade I have been urging my subscribers to move into gold – either physical bullion or otherwise. Now I am at it again, PLEASE MOVE INTO GOLD. Those who think gold has lapsed into a bear market simply do not know what they are talking about. Gold has simply been correcting in an on-going bull market.
This is a time when almost every central [...]
From Sovereign Man:
Yesterday, we discussed certain events that, in my view, are nearly mathematical certainties. Things like a restructuring of public pensions and Social Security in Europe and the U.S. Western governments blocking Internet and mobile networks. War. The U.S. government being forced to issue debt in a foreign currency.
All of these events are underpinned by a simple premise:
1) Public and private debts included, most western nations are insolvent. Big [...]
Folks, it’s not hard to figure out “what’s going on” with “cash” withdraws… but you do need some knowledge and have to “think” a bit.
The stuff most people think of as “Money” is actually “Currency”, that is the paper bills (cash) that we carry around in our wallets. That Currency (here in the US) only represents about 3 to 4 percent of all of the “money” in the banking system. The [...]
Our work with Gold is based on a “Model” off the late 70’s Gold Bull that has been replicating nicely since we started the Fractal Work with Gold back in 2002 and 2003. Short-term volatile moves in Gold, as we have seen over the past weeks, do not affect our projections based on the model, leaving the expectation of a move in Gold up to $3,000 into mid-year based [...]
It’s just history, folks.
In the article -
Paper money was more easily debased, as the Chinese discovered. Powell noted that seven different Chinese dynasties issued paper money to pay their bills and all of them eventually collapsed or were defeated by others that issued their own paper currency.
In England the penny contained 1,438 milligrams of silver in 1299, but by 1526 it had been debased to 687 milligrams, falling further to [...]
With gold and silver still consolidating, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management. When asked what he is expecting going forward, Leeb responded, “The ratio of gold to the gross world’s product (GWP) today is on the low side. If you look at gold relative to what it was at the peak in 1980 you get to $10,000 [...]
Just like goldbugs know the serial number of every single gold bar held (allegedly) in the GLD by heart, so the Federal Reserve carries a soft place in its corrupt, evil heart for fiat and the assorted trivia surrounding it. For example did you know that the Bureau of Engraving and Printing has two facilities, one in Washington, D.C. [...]
Moments like these can be tough. Gold is down, and silver is too. Call it a “correction,” ”liquidation,” a “flight” – call it whatever you prefer. In short, it is something the precious metal enthusiast hates to see. (Unless, that is, one is looking for a buying opportunity).
But what does it matter, really? Gold and silver are not short-term investments. They are not get-rich-quick [...]