empire revoltDrastic restructuring of the current monetary system seems inevitable, whether or not it is imminent.
Before the system resets it seems likely that governments around the world will scramble to locate and nationalize assets in order to maintain their power for a while longer. Capital controls and financial repression via artificially lowered interest rates are already in place. Pension plans, savings accounts, and IRA and 401(k) plans seem vulnerable to partial confiscation, bail-ins, or mandatory investment in government bonds. Such confiscations and bail-ins have already occurred in other parts of the world and could easily happen in the United States.
Gold and silver have protected purchasing power and assets for 5,000 years. In this twilight period of the current debt based monetary system it seems likely gold and silver will increasingly be necessary for protection of purchasing power and assets.
Are you prepared?

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Submitted by Deviant Investor:

“Those who cannot remember the past, are condemned to repeat it.” George Santayana.

    1. What mistakes from the past are we condemned to repeat?
    2. Since unbacked paper currency systems have always failed in the past, why have bankers and economists promoted an unbacked paper currency system since 1971?
    3. Would the Federal Reserve, which is owned by private banks, seek to enrich its member banks and the financial elite by implementing monetary policies such as QE that purchase distressed bank assets and boost the stock and bond markets?
    4. Janet Yellen is the new leader of the Fed and new leaders are almost always confronted with a financial crisis early in their term. What should we expect during the next 18 months?
    5. ALL paper money systems have eventually failed due to excessive “printing” of the paper currency. How many years of “printing” $85 Billion per month qualifies as excessive “printing”?
  1. Human nature changes very slowly if at all. Politicians have lied to most of the people most of the time during the past several thousand years to serve their own self-interest. Are politicians currently lying about ObamaCare, strength of the economy, employment, the NSA, big banks, the IRS, Syria, and so much more?
  2. Why does gasoline currently sell for approximately $3.50 per gallon even though it cost only $0.15 per gallon about 50 years ago? Why does a cup of restaurant coffee no longer sell for $0.10? Why do $20 gold coins containing nearly an ounce of gold now sell for over $1,250?
  3. The S&P 500 Index is trading near an all-time high and is by most measures and sentiment severely over-bought on a weekly and monthly basis. Is it ready to correct downward?
  4. Why is the official unemployment rate falling even though fewer Americans are working and the labor participation rate is at 30 year lows?
  5. The Federal Reserve has been levitating the stock market and bailing out banks. Is it possible the Fed policies will backfire and those policies will eventually accomplish the opposite of what the Fed wants?
  6. If the national debt of $17 Trillion can never be repaid, and if the U.S. government must borrow to pay the interest every year, and if the Federal Reserve must “print” those dollars, what is the real value of that debt? Is it $17 Trillion or perhaps a great deal less? The economist Hyman Minsky called this “Ponzi Finance” – the final stage of a debt based economic system when payments on the debt must be made from additional borrowing.

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  7. If a soaring gold price encouraged people to question the value of the U.S. dollar, and if the U.S. government had the means to suppress the price of gold, would the U.S. government manipulate the price of gold lower?
  8. Germany requested their gold be returned from the NY Federal Reserve vaults about a year ago. It has NOT been returned. What happened to the German gold? Further, how much, if any, of the gold supposedly stored in Fort Knox is physically there and not “leased” or otherwise encumbered?
  9. Gold has been money – a store of value, divisible, a medium of exchange, a unit of accounting, and intrinsically valuable – for 5,000 years. Paper money has usually been little more than a politician’s promise of integrity and responsibility. Which do you trust – gold or a politician’s promise?

These questions and their answers suggest that:

  • Drastic restructuring of the current monetary system seems inevitable, whether or not it is imminent.
  • Before the system resets it seems likely that governments around the world will scramble to locate and nationalize assets in order to maintain their power for a while longer. Capital controls and financial repression via artificially lowered interest rates are already in place. Pension plans, savings accounts, and IRA and 401(k) plans seem vulnerable to partial confiscation, bail-ins, or mandatory investment in government bonds. Such confiscations and bail-ins have already occurred in other parts of the world and could easily happen in the United States.
  • Gold and silver have protected purchasing power and assets for 5,000 years. In this twilight period of the current debt based monetary system it seems likely gold and silver will increasingly be necessary for protection of purchasing power and assets. Are you prepared?

GE Christenson
aka Deviant Investor

 

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  1. Too quiet it seems for everything that is going on around the world.  Tend to agree with many here, when it happens, it is going to happen fast without warning.  One day our world is going to change.  Dramatically.  

    • I think the “POWERS THAT BE”, are ahead of the curve on this. They have a plan. I`m no great analyst, but what I do know, is that the one thing those in power want more than anything else, is to remain in power. That`s about the only thing I am sure of.

    • SilverD…Agreed.  We only have one party in the U.S. and it’s the party of Big Government.  It has two squads, the R’s and the D’s, and they take turns just like a hockey team.  The R’s and the D’s are talking puppets operated by the same puppet master.  Any new independent third party movement gets swallowed up by one of the two.   Seriously, what major organization could swap out their entire senior management team every 4 or 8 years and not miss a beat.  Only the Federal Government can pull off that trick because, like I said, they’re a hockey team subbing 5-in-5-out while the puck is in play. 

    • SilverDaggerUglyDog
       
      I do NOT say this in denigration, but you fellows share a general delusion born of ‘Standard Operating Procedure’. That is, you both see the subject problems and solutions as emanating from the political format.

      It’s odd that you’ve both expressed lamenting about the futility of attempting meaningful corrective change in the mechanisms of (alleged) ‘governance’, but I can’t recall when you’ve affirmatively endorsed the most obvious avenue around that bulwark … independent private initiative.

      That can take two paths … either by force, or by passive means. Naturally the former entails attendant misery and horrors that ought to be soberly avoided unless absolutely no other option remains. So, we look first to the passive, taking into account that all the power wielded by these loathsome politicians and bankers is entirely hatched from their imaginary credit, thus pointing like a laser beam at the ‘Achilles Heel’ to be targeted.

      While we’re conditioned like Pavlove’s dogs, to presume that this credit is incumbent on us to use in our daily affairs … it’s also a delusion. Right of Contract is plainly and distinctly reserved in the Constitution … so … where’s the validity in believing we’re somehow forced to use banknotes for our common trade as long as Contract is agreed to by the Parties? We CAN substitute privately manufactured metal pieces … but, only after capable folks break free of their preconceptions and work at intelligently implementing.

      Given that both silver and gold are SEVERELY undervalued … along with copper, which is relatively abundant in availability … if copper pieces are produced in ratio to silver (current rigged ‘market’ is 80:1), then with the prospect of freely trading up from copper to silver, or across to banknotes where still unavoidable, merchants and their customers will become amenable to their use. Their acceptance will grow more popular as copper and silver attain increasingly attractive ratios against paper and both contingencies realize a strong reason to expand the alternative. With that hurdle cleared the next is … wages.

      I post this response, not only for you guys specifically, but for other lurkers as well. The predilections I’d highlighted are ‘conditions of mind’ that the majority of folks are trapped in, and it’s vitally important to escape these mental boxes to seriously examine other ideas that logically, reasonably and permanently restore our Liberty and Independence from the Slavers.

  2. Ugly Dog  Like most people I am sick of the attempts to show a difference between the running sores that run for office or occupy same.  I got an ‘URGENT REQUEST from the state Repulsive party.  I was one of a select few who were asked to opine about the state of politics and the parties in Washington DC.  Yeah, right, one of the select few.  The suggested campaign contribution was $100. 
    My response was unprintable but sounds like Happy Birthday
    Shut the F*** up to you 
    Shut the F*** up to you,
    Shut the F*** up you lying a***es Dogs,
    Shut the F*** up to you.
      I taped a beat up old road kill penny to the donation card and mailed it.  Wasted a stamp but what the heck, it felt good to give the party that uses to represent me, or vice versa, the middle digit
    Thus the reason I founded my new party   ACT.  we’re up to 7 members 

  3. Excerpt: “Hyman Minsky called this “Ponzi Finance” – the final stage of a debt based economic system when payments on the debt must be made from additional borrowing.”

    That’s funny. I never read a word of Minsky. So, does this indicate that I’m an ‘economist’ too? I mean, I came to the exact same fundamental cause of the banknote scheme’s unavoidable self-destruction as a lauded academic, all on my own observations.

    Had Mr. Minsky also explained that the only permanent solution to the quandary at this juncture, is to convert the ‘Ponzi’ credits back to their physical form, adjusted for decline of purchase power? Does this blatant deduction I conclude, then elevate me above the level of Mr. Minsky, had he not?

    Weird. It seems the answer I pose is written with invisible ink.

    • I couldn’t agree more, AG. The only important question now is … what to do at this juncture? Take more crap from the Slavers? Do we content ourselves stuffing rag under the shackles or bust the chains? I’m voting for busting the chains!

    • @AGXIIK  @PatFields
       
      IMO, we aren’t “busting the chains” but we are using a file on them, slowly wearing our way through them as we convert the banksters fiat drek into beautiful shiny gold and silver.  In this way, we ARE reversing the ravages of inflation that have been wreaked upon the American people for the past 100 years.  Think you that gold is REALLY worth a paltry $1265 or so an oz. or silver a measly $20 an oz?  Nay, says I!  They are truly worth far more than that but that is the price that has been set upon them.  Gather them unto yourselves and make haste while the making is good!  ;-)
       
      Damn, but I am feeling archaic tonight.  Better have a glass of some 18 year old single malt whisky to iron out those kinks.  ;-)
       

  4. Partly on your advice and partly on the advice of others I’ve been pulling many plugs to remove myself from the present Paper Ponzi Paradigm.  There may be a middle ground between Ghandhi-like non-violence and the full-on war that might be our future.
    We silently slip our chains with home made keys, set the chains gently on the floor of the cell and walk out with the help of bribed or cooperative prison guards. Not all Nazis are SOBs. Some were like minded, concerned with their mortal souls.
      We leave the premises without violence, moving to our duty stations in the far reaches of the Republic.  We can make our presence know with assymetrical actions; non violent actions that work to dethroning the oligarchs and elites from their positions of power. Think along the lines of James Rawles in the book Patriots. 
    We go to war if needed but work to thwart the evilly intended men and women by taking the battle to their lines with moral suasion as well as force of arms if needed. 
    The brave men and women of Kiev, Ukraine are a good example of a solid and potentially successful palace coup against a government that is allying itself with the same people that exterminated 7,000,000 Ukrainians in 1936   They are doing it with weapons crafted from common materials; wood, steel and gasoline, since their guns were taken by the government
    We are still the most well armed civilian population in the history of the world.  150,000,000 people with 300,000,000 firearms, hundreds of billions of rounds. If we ever let the government in DC know we are not willing to make force an option and take uparms to preserve life and liberty, we are doomed. Our weapons become useless pieces of metal That is the tipping point in the resolve of these peoples called Americans. If that is the course then we might as well stop stressing over the present events and try to move as comfortably in the traces of the slaves, hoping that we will not be found out.
    That last resort, force of arms must be used sparingly but must be readily apparent to TPTB.
    The forces for liberty can easily get out of control without the restaint of wise and solemn men and women who stay the course, balancing the bloodlust for pay back. This allowing all to enjoy the fruits of their sacrifice.
    Hopefully that line will not be crossed

    I’d rather walk with Thich Nhat Hanh than Ghengis Khan
    But if push comes to shove I’ll go all in with the Mongolians Sons of Bitches.

    • @AGXIIK
       
      “If we ever let the government in DC know we are not willing to make force an option and take uparms to preserve life and liberty, we are doomed. Our weapons become useless pieces of metal That is the tipping point in the resolve of these peoples called Americans.”
       
      As Gunny Hartman said in Full Metal Jacket, “A rifle is just a tool.  It is the hard heart that kills”.
       
      Hard times breed hard people who can handle such times and survive.  Easy times breed… what?  Whiners and snivelers with no more idea of what liberty is than a hog has of opera?  Well, there is a lot of that on the surface but if one scratches through that soft surface layer, one soon finds the hardness, toughness, and grit that made this country great.  It is still there… but it sleeps… awaiting the need to rise once again… and it will.
       

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