Just a regular guy (from ware I am on earth) Imagine yourself floating like a satellite. Zoom out to space looking back at earth I look at what each country is doing, zoom in closer to take a look at what the United States (gov.) continues to do, now zoom in even closer as I watch what my community dose and try my best as am individual to make sense of it all.and hopefuly I am smart enough to position my self on the right side of the market:: Gold and Silver+Research with a dash of inspiration.
Friday, November 30, 2012
Fiscal Cliff is Good? (in the long run)
The
rapidly approaching fiscal cliff will benefit the country in the long
run by wiping out complacency when it comes to managing the economy,
said Nassim Taleb, the author and financial guru whose 2007 book “The
Black Swan” predicted the current financial crisis.
At the end of the year, the Bush-era tax breaks and other benefits are set to expire at the same time automatic cuts to government spending are due to kick in, a one-two punch known as a fiscal cliff that could send the country into a recession next year if left unchecked by Congress.
Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run
FROM MONEY NEWS;At the end of the year, the Bush-era tax breaks and other benefits are set to expire at the same time automatic cuts to government spending are due to kick in, a one-two punch known as a fiscal cliff that could send the country into a recession next year if left unchecked by Congress.
Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run
The
rapidly approaching fiscal cliff will benefit the country in the long
run by wiping out complacency when it comes to managing the economy,
said Nassim Taleb, the author and financial guru whose 2007 book “The
Black Swan” predicted the current financial crisis.
At the end of the year, the Bush-era tax breaks and other benefits are
set to expire at the same time automatic cuts to government spending are
due to kick in, a one-two punch known as a fiscal cliff that could send
the country into a recession next year if left unchecked by Congress.
Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run
The rapidly approaching fiscal cliff will benefit the country in the long run by wiping out complacency when it comes to managing the economy, said Nassim Taleb, the author and financial guru whose 2007 book “The Black Swan” predicted the current financial crisis. At the end of the year, the Bush-era tax breaks and other benefits are set to expire at the same time automatic cuts to government spending are due to kick in, a one-two punch known as a fiscal cliff that could send the country into a recession next year if left unchecked by Congress. Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run
The black swan fiscal cliff
The
rapidly approaching fiscal cliff will benefit the country in the long
run by wiping out complacency when it comes to managing the economy,
said Nassim Taleb, the author and financial guru whose 2007 book “The
Black Swan” predicted the current financial crisis.
At the end of the year, the Bush-era tax breaks and other benefits are set to expire at the same time automatic cuts to government spending are due to kick in, a one-two punch known as a fiscal cliff that could send the country into a recession next year if left unchecked by Congress.
Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run
At the end of the year, the Bush-era tax breaks and other benefits are set to expire at the same time automatic cuts to government spending are due to kick in, a one-two punch known as a fiscal cliff that could send the country into a recession next year if left unchecked by Congress.
Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run
The
rapidly approaching fiscal cliff will benefit the country in the long
run by wiping out complacency when it comes to managing the economy,
said Nassim Taleb, the author and financial guru whose 2007 book “The
Black Swan” predicted the current financial crisis.
At the end of the year, the Bush-era tax breaks and other benefits are set to expire at the same time automatic cuts to government spending are due to kick in, a one-two punch known as a fiscal cliff that could send the country into a recession next year if left unchecked by Congress.
Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run
At the end of the year, the Bush-era tax breaks and other benefits are set to expire at the same time automatic cuts to government spending are due to kick in, a one-two punch known as a fiscal cliff that could send the country into a recession next year if left unchecked by Congress.
Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run
The
rapidly approaching fiscal cliff will benefit the country in the long
run by wiping out complacency when it comes to managing the economy,
said Nassim Taleb, the author and financial guru whose 2007 book “The
Black Swan” predicted the current financial crisis.
At the end of the year, the Bush-era tax breaks and other benefits are set to expire at the same time automatic cuts to government spending are due to kick in, a one-two punch known as a fiscal cliff that could send the country into a recession next year if left unchecked by Congress.
Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run
At the end of the year, the Bush-era tax breaks and other benefits are set to expire at the same time automatic cuts to government spending are due to kick in, a one-two punch known as a fiscal cliff that could send the country into a recession next year if left unchecked by Congress.
Read more: 'Black Swan' Author Taleb: Fiscal Cliff Is Good for the US in the Long Run
Thursday, November 29, 2012
(Looper) Must see Movie
Here is a very informative video of a connection between silver, China and the movie Looper (fall 2012)
http://www.youtube.com/watch?v=QbxT5p_67L0
http://www.youtube.com/watch?v=QbxT5p_67L0
silver used in cancer treatment???
A very good interview with David Morgan his in sites on markets manipulation and uses for silver.
http://www.youtube.com/watch?v=FzIY58y6DrA
http://www.youtube.com/watch?v=FzIY58y6DrA
USA (loosing friends) AND MIDDLE EAST update
Comment from Dr. Jones
http://gods-kingdom-ministries.net/daily-weblogs/2012/2012-m11-november/un-recognizes-palestinian-statehood/
Further, the USA, as a member of the Security Council, can veto Palestinian MEMBERSHIP in the UN, as they did last September. But that is the extent of their authority. Beyond that, they can blackmail or bribe other world leaders to vote with them, but 138 nations already recognize Palestine as a State, and the US is starting to run out of friends. America itself is becoming a pariah state. Wait till other nations stop recognizing America as a civilized state!
http://www.cnn.com/2012/11/29/world/meast/palestinian-united-nations/index.html
http://gods-kingdom-ministries.net/daily-weblogs/2012/2012-m11-november/un-recognizes-palestinian-statehood/
Further, the USA, as a member of the Security Council, can veto Palestinian MEMBERSHIP in the UN, as they did last September. But that is the extent of their authority. Beyond that, they can blackmail or bribe other world leaders to vote with them, but 138 nations already recognize Palestine as a State, and the US is starting to run out of friends. America itself is becoming a pariah state. Wait till other nations stop recognizing America as a civilized state!
http://www.cnn.com/2012/11/29/world/meast/palestinian-united-nations/index.html
SILVER LOOKING GOOD
Silver is a better buy than gold: Leeb
Marc Howe | November 28, 2012
http://www.mining.com/silver-is-a-better-buy-than-gold-leeb-47918/?utm_source=digest-en-ag-121129&utm_medium=email&utm_campaign=digestFull article from KWN:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/27_Leeb_-_Gold,_Silver_%26_Natural_Gas_Are_Going_To_Soar.html
Wednesday, November 28, 2012
GNS RESEARCH - REAL LIFE STORY SILVER / GOLD COINS VS PAPER
I HAD A VISION LAST NIGHT AFTER ONE OF MIKE MALONEY'S INTERVIEWS
MY HEART RATE WENT UP AND I COULD NOT SLEEP I SEEN A VISION AND REALIZED THE REALITY OF THE FEDERAL RESERVE NOTE (DOLLAR) WAS JUST THAT A LOUSY NOTE FOR NOTE PADS THAT YOU CAN WRITE ON CRUMPLE IT UP AND THROW IT AWAY. Because of ink that's already on it.
I CLOSED MY EYES I SEEN A SOLID ROCK, IT WAS GOLD, IT WAS SILVER I ENVISIONED A GAS CHAMBER, THERE WAS PAPER DOLLARS PUT INTO IT.
AND THEN THE GOLD & SILVER BOULDERS ON TOP OF THE PAPER IN THE CHAMBER.
THEN A RUMBLE RUMBLE, THE GROUND STARTED SHAKING.
THERE I SAW WAS A INNOCENT SMALL FLAME
LINGERING BELOW THE CHAMBER.
SUDDENLY THE DOOR CLOSES TIGHTLY NEITHER AIR NOR WATER CAN ESCAPE OUT OR ENTER INTO THE CHAMBER.
A SMALL AMOUNT OF PAPER SLOWLY CAUGHT FIRE..
IT WAS COLD, DARK AND DREARY
A FEW MORE BEGAN TO BURN..
THEN A GREAT CALM...
A GREAT DARKNESS....
THE PEBBLES DID NOT MOVE AMONG THE GROUND,
PITCH BLACK
I COULD NOT SEE MY HANDS IN FRONT OF ME
EXCEPT THAT TINY FLAME
THEN...
A BEAM OF LIGHT ILLUMINATED THROUGH THE WINDOW OF THE CHAMBER
ROARING FLAMES TO THE RIGHT
TO THE LEFT IN FRONT OF ME WARM AT FIRST,
AND TO A SCORCHING DEGREE IN SECONDS
*POOF*
ASHES FLOWED OUT OF THE CHIMNEY
HUGE CLOUDS FELL ALL AROUND ME
THE DOOR OPENS THERE ARE NO ROCKS THERE IS NO PAPER
AS I LOOK CLOSER GLIMMERING THROUGH THE ASHES PUDDLES OF GOLD AND PUDDLES SILVER FLOWING WITH LIFE WITH BREATH
FLOWING OUT OF THE CHAMBER SPIRALING TOGETHER PRESSED INTO LIVING COINS
PULSATING WITH OUR PLANET
AND A GREAT PROSPERITY EMERGED WITHIN THE EARTH AND THE WHOLE WORLD.
MY HEART RATE WENT UP AND I COULD NOT SLEEP I SEEN A VISION AND REALIZED THE REALITY OF THE FEDERAL RESERVE NOTE (DOLLAR) WAS JUST THAT A LOUSY NOTE FOR NOTE PADS THAT YOU CAN WRITE ON CRUMPLE IT UP AND THROW IT AWAY. Because of ink that's already on it.
I CLOSED MY EYES I SEEN A SOLID ROCK, IT WAS GOLD, IT WAS SILVER I ENVISIONED A GAS CHAMBER, THERE WAS PAPER DOLLARS PUT INTO IT.
AND THEN THE GOLD & SILVER BOULDERS ON TOP OF THE PAPER IN THE CHAMBER.
THEN A RUMBLE RUMBLE, THE GROUND STARTED SHAKING.
THERE I SAW WAS A INNOCENT SMALL FLAME
LINGERING BELOW THE CHAMBER.
SUDDENLY THE DOOR CLOSES TIGHTLY NEITHER AIR NOR WATER CAN ESCAPE OUT OR ENTER INTO THE CHAMBER.
A SMALL AMOUNT OF PAPER SLOWLY CAUGHT FIRE..
IT WAS COLD, DARK AND DREARY
A FEW MORE BEGAN TO BURN..
THEN A GREAT CALM...
A GREAT DARKNESS....
THE PEBBLES DID NOT MOVE AMONG THE GROUND,
PITCH BLACK
I COULD NOT SEE MY HANDS IN FRONT OF ME
EXCEPT THAT TINY FLAME
THEN...
A BEAM OF LIGHT ILLUMINATED THROUGH THE WINDOW OF THE CHAMBER
ROARING FLAMES TO THE RIGHT
TO THE LEFT IN FRONT OF ME WARM AT FIRST,
AND TO A SCORCHING DEGREE IN SECONDS
*POOF*
ASHES FLOWED OUT OF THE CHIMNEY
HUGE CLOUDS FELL ALL AROUND ME
THE DOOR OPENS THERE ARE NO ROCKS THERE IS NO PAPER
AS I LOOK CLOSER GLIMMERING THROUGH THE ASHES PUDDLES OF GOLD AND PUDDLES SILVER FLOWING WITH LIFE WITH BREATH
FLOWING OUT OF THE CHAMBER SPIRALING TOGETHER PRESSED INTO LIVING COINS
PULSATING WITH OUR PLANET
AND A GREAT PROSPERITY EMERGED WITHIN THE EARTH AND THE WHOLE WORLD.
A NEW DAWN
A NEW DAY
Tuesday, November 27, 2012
ANOTHER GREAT INTERVIEW (POD CAST)
IF YOU ALSO PREFER AUDIO THAN JUST READING
FROM MIKE MALONEY @ GOLDSILVER.COM
http://goldsilver.com/video/hunt-brothers-sacrificed-to-save-the-us-dollar-says-mike-maloney/?utm_medium=email&utm_campaign=Gold++Silver+Weekly+-+11+-+27+-+2012&utm_content=Gold++Silver+Weekly+-+11+-+27+-+2012+CID_c8607c6ebf451a0a72887d010e4f5a16&utm_source=GoldSilver%20Email%20Marketing&utm_term=read%20more
FROM MIKE MALONEY @ GOLDSILVER.COM
http://goldsilver.com/video/hunt-brothers-sacrificed-to-save-the-us-dollar-says-mike-maloney/?utm_medium=email&utm_campaign=Gold++Silver+Weekly+-+11+-+27+-+2012&utm_content=Gold++Silver+Weekly+-+11+-+27+-+2012+CID_c8607c6ebf451a0a72887d010e4f5a16&utm_source=GoldSilver%20Email%20Marketing&utm_term=read%20more
PENNY AND NICKEL DOOMED
The year 2011 marked the sixth consecutive
year that pennies and nickels cost more to produce than they were worth
in the market. In fact, the Mint posted a loss of $187.7 million last year – more than triple the losses recorded associated with coin minting in 2010.
http://goldsilver.com/news/bid-farewell-to-pennies-and-nickels/?utm_medium=email&utm_campaign=Gold++Silver+Weekly+-+11+-+27+-+2012&utm_content=Gold++Silver+Weekly+-+11+-+27+-+2012+CID_c8607c6ebf451a0a72887d010e4f5a16&utm_source=GoldSilver%20Email%20Marketing&utm_term=read%20more
http://goldsilver.com/news/bid-farewell-to-pennies-and-nickels/?utm_medium=email&utm_campaign=Gold++Silver+Weekly+-+11+-+27+-+2012&utm_content=Gold++Silver+Weekly+-+11+-+27+-+2012+CID_c8607c6ebf451a0a72887d010e4f5a16&utm_source=GoldSilver%20Email%20Marketing&utm_term=read%20more
Monday, November 26, 2012
TRADE WITH ASIA BY ASIA "ONLY"
ON NOVEMBER 20TH 2012 THE FUTURE OF THE UNITED STATES HAS BEEN DRAFTED WITH 15 NATIONS NO LONGER USING THE US DOLLAR...
http://www.atimes.com/atimes/Global_Economy/NK27Dj02.html
November 20 announcement at a
summit meeting in Phnom Penh that 15 Asian
nations, comprising half the world's population,
would form a Regional Comprehensive Economic
Partnership excluding the United States.
http://www.atimes.com/atimes/Global_Economy/NK27Dj02.html
New Base For GOLD
Gold to hit $5,000 as central banks rush to restock their coffers
http://www.mining.com/gold-to-hit-5000-as-central-banks-rush-to-refill-their-coffers-26359/?utm_source=digest-en-mining-121123&utm_medium=email&utm_campaign=digest
Jim Willie of the GoldenJackass.com says we are on the verge of a "global monetary war" which will push the price of gold as high as $5,000 per ounce.Writing for Silver Doctors Jim Willie says that in the wake of widespread reports that the coffers of central banks are devoid of their nominal contents a "global gold war" is set to ensue, with the German government's submission of gold demands to London and New York bankers acting as the opening salvo.
Following close on the heels of the LIBOR banker scandal the Allocated Gold Account scandal will further shake confidence in the international financial and monetary system and serve to push gold as high as $5000.
In the meantime QE and ZIRP will also push gold prices higher, as well as boost silver prices past the $60 threshold. In Willie's opinion this "permanent monetary easing" all but guarantees an "endless bull market" for precious metals.
Robo Forclosuer Banking
http://gods-kingdom-ministries.net/daily-weblogs/2012/2012-m11-november/first-robo-signing-conviction-announced/
http://www.justice.gov/opa/pr/2012/November/12-crm-1400.html
First robo-signing conviction announced
November 22, 2012 at 11:00 AM
This is from the government website:http://www.justice.gov/opa/pr/2012/November/12-crm-1400.html
Former Executive at Florida-Based Lender Processing Services Inc. Admits Role in Mortgage-Related Document Fraud Scheme
Over 1 Million Documents Prepared and Filed with Forged and False Signatures, Fraudulent Notarizations
Wednesday, November 21, 2012
2014 GOLD AND SILVER
HERE IS A LINK TO KING WORLD NEWS
EXPLAINED ARE A DIRECTION FOR GOLD AND SILVER AND WHERE A 54 YEAR VETERAN SEE'S GOLD AND SILVER BY FEBRUARY 2014.
UNFORTUNETLY THIS DID NOT HAPPEN (YET)
EXPLAINED ARE A DIRECTION FOR GOLD AND SILVER AND WHERE A 54 YEAR VETERAN SEE'S GOLD AND SILVER BY FEBRUARY 2014.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/21_The_Roadmap_For_$3,000+_Gold,_$100+_Silver_%26_1,650_HUI.html
UNFORTUNETLY THIS DID NOT HAPPEN (YET)
Tuesday, November 20, 2012
IRAN QUIETLY MOVING TOWARD GOLD STANDARD
(FROM GOLD SILVER.COM & NEW YORK TIMES)
In August alone, $2-billion
worth of gold was shipped to Dubai on behalf of Iranian buyers,
according to Turkish trade documents. Now, we've received news from
London indicating that Iranians have purchased at least $10 million
worth of silver this year as well.
In September, an additional $1.4 billion worth in gold and silver was carried in simple luggage bags from Turkey to Iran, UAE and Middle East.
Iran is doing this to avoid strict Western sanctions in preparation for
whatever emergency situation may ensue as we inch closer to the Fiscal
Cliff with each passing day.
Published: October 16, 2012
http://www.nytimes.com/2012/10/17/world/middleeast/irans-supply-of-currency-may-be-at-risk-in-sanctions.html
Iran Sanctions May Cut Supply of Currency
Western economic sanctions imposed on Iran over its disputed nuclear program
have severely depressed the value of its national currency, the rial,
causing higher inflation and forcing Iranians to carry ever-fatter wads
of bank notes to buy everyday items. But the sanctions have also
presented a new complication to Iran’s banking authorities: they may not
be able to print enough money.
CURRENCY AGREEMENTS BETWEEN CHINA AND OTHER COUNTRIES
THERE IS A WAVE OF U.S. FEDERAL RESERVE NOTES THAT WILL NEED A HOME TO GO TO IN THE COMING MONTHS TOTALING $500+ BILLION DOLLARS CONSERVATIVELY
http://www.forbes.com/sites/jackperkowski/2012/06/26/china-busy-signing-currency-deals/
China Busy Signing Currency Deals
China took one more step last week towards internationalizing the yuan, ultimately leading to the day when the Chinese currency will be a substitute for the U.S. dollar in all of China’s trade with other countries.Last Friday, China and Brazil agreed on a currency swap deal that will allow the central banks of each country to exchange local currencies worth up to 60 billion reals, or 190 billion yuan ($30 billion). The amount can be used to shore up reserves in times of crisis or to boost bilateral trade. China is Brazil’s largest trading partner, with bilateral trade of approximately $100 billion.
China’s currency deal with Brazil follows a similar deal with Australia that was struck in March and allows for an exchange of local currencies between the Australian and Chinese central banks, worth up to 30 billion Australian dollars ($31 billion) over three years. Again, the motivation behind the deal is to support bilateral trade between the two countries which already exceeds $100 billion, reduce transaction costs and reduce reliance on the greenback.
Also this year, China and the United Arab Emirates (UAE) signed a three-year currency swap agreement worth 35 billion yuan ($5.54 billion) in January, and a $1.6 billion deal with Turkey in February. China’s bilateral trade is approximately $35 billion with the UAE and $24 billion with Turkey.
China began the process of internationalizing its currency in November 2010 when then-Russian Prime Minister Vladimir Putin and Chinese Premier Wen Jiabao announced that Russia and China had decided to use their own national currencies for bilateral trade, instead of the U.S. dollar. The yuan started trading against the ruble in the Chinese bank market in Shanghai immediately, and in December 2010, began trading on the Moscow Interbank Currency Exchange. This was the first time that the yuan had traded outside of China and Hong Kong. Bilateral trade between China and Russia is currently about $70 billion, with the two countries having a common goal of increasing trade to $200 billion by 2020.
China followed the 2010 deal with Russia by agreeing to a deal with Hong Kong last November that will give the territory more access to the Chinese currency, enabling Hong Kong to access 400 billion yuan ($63 billion) from the Chinese central bank, up from 200 billion yuan.
As 2011 came to a close, China and Japan said that they are working on plans to promote a direct exchange of their currencies in a deal that will allow firms from both countries to convert the Chinese yuan and the Japanese yen directly into each other. Currently, businesses in China and Japan need to buy U.S. dollars before converting them into the desired currency, adding extra costs. Just yesterday, the Japanese Finance Ministry said that it’s considering measures to further encourage direct trading between the yen and the yuan. Bilateral trade between China and Japan exceeded $297 billion in 2010.
In reference to the deal that China reached with Japan, Ren Xianfang of IHS Global Insight was quoted as saying, “Given the huge size of the trade volume between Asia’s two biggest economies, this agreement is much more significant than any other pacts China has signed with other nations.”
In a November 2010 report on the subject, HSBC predicted that at least half of China’s trade flows with emerging market countries could be settled in renminbi within three to five years, from less than 3 percent in 2010. HSBC predicted that nearly $2 trillion worth of trade flows could be settled in renminbi annually, making it one of the top three global trading currencies. As the deals with Australia and Japan suggest, however, China will not be satisfied to limit its currency deals to emerging economies, but will also seek to strike deals with developed countries as well.
Not counting its agreement with Hong Kong, which is part of the People’s Republic, China has negotiated specific currency deals with four countries (Brazil, Australia, Turkey and UAE) over the past two years, totaling almost $70 billion, and has reached agreements to settle bilateral trade with two others, Russia and Japan. All told, these six countries account for over $500 billion of annual trade. At this rate, the predictions made by HSBC may prove to be conservative.
ABOLISH THE DEBT CEILING!!! WHAT!
Treasury Secretary Geithner: Lift Debt Limit to Infinity
On Bloomberg TV, “Political Capital” host Al Hunt asked Geithner if he believes “we ought to just eliminate the debt ceiling.”
“Oh, absolutely,” Geithner said.
“You do? Will you propose that?” Hunt asked.
http://cnsnews.com/news/article/treasury-secretary-geithner-lift-debt-limit-infinity
IF THEY DECIDE TO LIFT THE DEBT LIMIT FOR THE UNITED STATES
I BELIEVE AND EXPECT MOST COUNTRIES WILL DROP THE DOLLAR OVER NIGHT
PROSPER THROUGH A MELT DOWN
FROM A WELL INFORMED MAN ON ZERO HEDGE TYLER DURDEN
http://www.zerohedge.com/print/459688 AND Detlev Schlichter
http://detlevschlichter.com/2012/11/some-personal-thoughts-on-surviving-the-monetary-meltdown/
HE CONTINUES:
http://www.zerohedge.com/print/459688 AND Detlev Schlichter
http://detlevschlichter.com/2012/11/some-personal-thoughts-on-surviving-the-monetary-meltdown/
Whenever paper money dies, eternal money – gold and silver – stage a comeback.
We have already seen a major re-monetisation of gold over the past
decade, as the metal again becomes the store of value of choice for many
investors. This will continue in my view, and even accelerate.
Gold is money
A frequent allegation against gold
is that its non-monetary applications are minor and do not justify the
present price, and that gold doesn’t pay interest or dividends, quite
the opposite, storing and insuring it incurs running expenses. Gold is
an instrument with a negative cash yield.
None of these objections stand up to scrutiny. They are either wrong or irrelevant.
It is investment goods that are supposed to offer cash yields – interest income or dividends. But gold is not an investment good, it is a form of money.
Gold is the oldest form of money still considered a monetary asset
today, and the only truly global form of money (besides silver but
silver is today still more of an industrial commodity than a financial
one). Gold is – importantly – inelastic money. It cannot be created nor
be destroyed by politicians and central bankers. It can, of course, be
taxed and confiscated, and I come to that later.
The main alternative to gold is therefore not bonds, equities and commercial real estate but cash, i.e. state paper money.
The person who ‘invests’ in gold is holding money. The cash in your
wallet or under your mattress does not give you a cash return either.
Neither does gold.
Sometimes I get asked, what if people suddenly stopped considering gold to be a monetary asset and a store of value?
Would its price not drop steeply? – That is a fair point. But this
applies to your paper money, too. In fact, it applies to paper money
more so.
Every monetary asset – whether gold,
paper tickets from the state, or electronic book-entries at your bank –
receives its value (exchange value or purchasing power) from the trading
public, and from nobody and nothing else, not from the state, nor from
any non-monetary uses of the monetary asset, if it has any at all. If
the public stops treating the item in question as money, or uses it less
as money or only at a discount, it looses its monetary value. That is
also always the case with state paper money. It is a sign of our
hopelessly statist zeitgeist that many people believe that the state
‘assigns’ value to its paper money and somehow supports this value.
This is not the case. The truth is that the paper tickets in your
wallet have purchasing power (and thus have value beyond their paper
content) for one reason and one reason only: the public accepts them as a
medium of exchange, the public accepts them in exchange for goods and
services. The public also determines what the exact purchasing power of
those banknotes is at any moment in time and at any given place. The
state does not even back its paper money with anything. If you take your
paper tickets to the central bank, what do you get in return? – Change.
Paper monies come and go.
In fact, throughout history every experiment with paper money has ended
in failure, with over-issuance the predominant cause of death. Pound
and dollar are the two oldest currencies around today but through most
of their history they were linked to gold or silver, which restricted
their issuance. Our system of hundreds of entirely unrestricted local
fiat money monopolies dates back only to 1971, at least in its present
form. In the 20th century alone, almost 30 hyperinflations of paper monies were recorded.
Monday, November 19, 2012
MORE MONEY MANAGERS EYEING (GOLD)
WITH THE ONSLAUGHT OF THE DEBT CEILING, SHRINKING SUPPLY OF PRECIOUS METALS AND BOMBINGS IN THE MIDDLE EAST
GOLD NOW DESCRIBED AS A SAFE HAVEN.
http://www.mining.com/gold-price-hits-month-high-on-mideast-violence-42004/?utm_source=digest-en-au-121119&utm_medium=email&utm_campaign=digest
GOLD NOW DESCRIBED AS A SAFE HAVEN.
http://www.mining.com/gold-price-hits-month-high-on-mideast-violence-42004/?utm_source=digest-en-au-121119&utm_medium=email&utm_campaign=digest
(Advisors) Forecast World War (2013 / 2012)
http://www.zerohedge.com/print/459661
(The amount of the us national debt @ 16 trillion is more than the world debt of other nations combined)
Kyle Bass writes [14]:
(The amount of the us national debt @ 16 trillion is more than the world debt of other nations combined)
Top Economic Advisers Forecast World War
By George Washington
Created 11/18/2012 - 11:40
Submitted by George Washington [1] on 11/18/2012 11:40 -0500- Charles Nenner [2]
- China [3]
- Global Economy [4]
- Goldman Sachs [5]
- goldman sachs [6]
- Jim Rogers [7]
- Kyle Bass [8]
- Kyle Bass [9]
- Marc Faber [10]
- Purchasing Power [11]
- Trade War [12]
- Trade Wars [13]
Kyle Bass writes [14]:
Trillions of dollars of debts will be restructured and millions of financially prudent savers will lose large percentages of their real purchasing power at exactly the wrong time in their lives. Again, the world will not end, but the social fabric of the profligate nations will be stretched and in some cases torn. Sadly, looking back through economic history, all too often war is the manifestation of simple economic entropy played to its logical conclusion. We believe that war is an inevitable consequence of the current global economic situation.Larry Edelson wrote an email to subscribers entitled “What the “Cycles of War” are saying for 2013″, which states:
Since the 1980s, I’ve been studying the so-called “cycles of war” — the natural rhythms that predispose societies to descend into chaos, into hatred, into civil and even international war.
I’m certainly not the first person to examine these very distinctive patterns in history. There have been many before me, notably, Raymond Wheeler, who published the most authoritative chronicle of war ever, covering a period of 2,600 years of data.
However, there are very few people who are willing to even discuss the issue right now. And based on what I’m seeing, the implications could be absolutely huge in 2013.
(DTCC) BEARER BONDS UNCOVERED AND SOAKED BY HURRICANE SANDY
Bearer bonds are paper certificates, usually issued by governments, that
are redeemable after a prescribed term. The bearer submits an attached
coupon to receive payment. Because they are typically unregistered and
can be used like cash, they were commonly used by those wishing to hide,
and not pay taxes on, assets. They were banned in 1982.
One source said $70 billion in bearer bonds were in jeopardy.
Most of its member firms, including Deutsche Bank, JP Morgan Chase, Bank of America, UBS and Citi did not return calls.
The exception was Goldman Sachs, whose spokesman Michael DuVally confirmed Friday to The Post that his firm stored bearer bonds in the DTCC vaults. He acknowledged they would be nearly impossible to redeem if destroyed.
Yesterday morning, DuVally elaborated, and said the value of the Goldman bonds was “less than $1 million.” An hour later, he called back to say, “The market value of bearer bonds potentially impacted is less than $10,000.”
DTCC spokeswoman Judy Inosanto would say only that “a variety of equities and bonds” were damaged. “I can’t go into details. We do not provide values for security
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