Submitted by Bill Holter:

Confidence is what makes the world go ’round and nothing else.  The saying that “money makes the world go ’round” IS correct and always has been but…“money” today is not really money…it is currencyThe only thing keeping Dollars, Euros and all the rest from becoming fuel for heat in the winter and toilet paper year round IS “confidence”.
Confidence also allows business transactions to evolve and to consummate.  The kid down the street will cut your lawn because he is “confident” that you will pay him when he is done.  You go to work with the confidence that your employer will pay you at the end of the week.  This same confidence exists between producers and consumers, manufacturers and distributors and end users.  It exists between…depositors and bankers (or at least it did).  “Confidence” exists only because we have laws, laws that are followed and enforced from top to bottom and everywhere in between.  Confidence can also exist because one’s “character” is known and respected.  It takes time for this “known and respected” character to be built, it only takes one bad act to destroy it.  The current Cyprus affair is probably the millionth public screwing that the populace has witnessed, but it will surely be the one that they wake up to because bank money “supposed” to be sacrosanct. 

This Cyprus heist negates totally ALL rule of law.


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The Cyprus parliament voted down the theft of depositor monies yesterday which means that the odds are the banks (stock market and everything financial) will be closed until at least next week as there was no Plan B.  Vladimir Putin used the term “very dangerous” in his description of what is happening there.  If you break down the term “very dangerous” to its most basic roots and who it’s coming from you should be scared “very scared”!  “Very” is a term used to put emphasis on the following word which in this case is “dangerous”.  “Dangerous”, depending on who uses the term can range anywhere from the “danger” of spilling milk to …life threatening.  In this case it was used by Vladimir Putin…

Let me ask you this, take yourself back (you really don’t need to but follow along here) in time and imagine robbing a bank like Bonnie and Clyde.  You get done with the job (or don’t) only to find out that it was Al Capone’s bank, would you be scared to the point of peeing your pants?  Never mind that you didn’t know it was Al’s bank until after the fact, would you be scared to death?  Let’s make another assumption, assume that you absolutely knew that it was Mr. Capone’s bank, how insane must you have been to target THAT particular bank?  Do you really believe you could ever go out in public and actually “spend” any of that money?  Would you, could you, ever sleep at night again?  Not because you broke one of the 10 Commandments “thou shalt not steal” but because you know that another Commandment will shortly be broken…”thou shalt not kill”!  As a completely side note, do you remember back in 2004 I think it was, a picture of Mr. Putin holding a 400 oz. bar of Gold for a press conference?  Do you think he might have had a clue back then?
So the IMF, World Bank, BIS and Troika made this decision to steal Russian money (not to mention serf and slave Cypriot monies), does anyone believe that Ben Bernanke, Jack Lew, Mr. Obama and all the rest here in the U.S. were not consulted and didn’t approve this?  Do you think that the Russians don’t know how decisions of this magnitude are made?  Would you be a little pissed if your neighbor walked into your house and took some “stuff”?  10% or maybe even 15% of your “stuff” and said to you “don’t worry, it’s a necessary tax otherwise you will lose ALL of your stuff”?
Without going any further, it is safe to say that whoever (all of them collectively) made this decision of “robbing the bank” are completely nuts?  Insane?  OK, so let’s look at this from another standpoint…”confidence”.
Confidence is what makes the world go ’round and nothing else.  The saying that “money makes the world go ’round” IS correct and always has been but…”money” today is not really money…it is currency.  The only thing keeping Dollars, Euros and all the rest from becoming fuel for heat in the winter and toilet paper year round IS “confidence”.  Confidence also allows business transactions to evolve and to consummate.  The kid down the street will cut your lawn because he is “confident” that you will pay him when he is done.  You go to work with the confidence that your employer will pay you at the end of the week.  This same confidence exists between producers and consumers, manufacturers and distributors and end users.  It exists between…depositors and bankers (or at least it did).  “Confidence” exists only because we have laws, laws that are followed and enforced from top to bottom and everywhere in between.  Confidence can also exist because one’s “character” is known and respected.  It takes time for this “known and respected” character to be built, it only takes one bad act to destroy it.  The current Cyprus affair is probably the millionth public screwing that the populace has witnessed…this will surely be the one that they wake up to because bank money “supposed” to be sacrosanct.
This Cyprus heist negates totally ALL rule of law.  It absolutely “breaks” what was SO important back in 2008-09.  The “confidence” that money in the bank was “safe”.  Do you remember?  TARP and all the other acronyms?  QE1, 2, 3, lite, 4 and so on?  They were all “done” because they HAD to!  If they weren’t “done” the world would end, the banks would close and everyone would lose everything?  Remember?  Confidence?  Hell, I even remember hearing “the only thing to fear is fear itself”.  Does watching your neighbor across the street breaking into your next door neighbor’s house instill confidence?  Or maybe fear?  As I said above…these miscreant elites are crazy!  It’s like they’ve inbred so many times that the “logic” and “right vs. wrong” genes no longer exist!
There is one other minor “dot” that I will connect tomorrow or the next day with this little beach of confidence and that is the “confidence” in the currencies themselves.  It’s a funny thing this “confidence” stuff, once it gets broken it can never be fixed or repaired completely.
Regards,  Bill H.
  1. Confidence has been dwindling for quite a while now as it was….ZIRP  lol is everyone’s friend right?
     
    But a line has definitely been crossed and a lot of people woke up in the last week…..and more are smelling the aroma of coffee….. or is it the stink of criminals??

     

    • now that the al quaeda aligned rebels they are sponsoring used chemical weapons (they posted a video a month or so ago warning about this while killing some rabbits with chemical weapons).
       
      If they do I hope Russia moves in and washington DC gets nuked.

  2. Where do we see this “wake-up call”?  Not in the stock markets today.  Not in the price of PMs today.  Not in housing starts.  Not in various other economic indicators.  I don’t care whether you think it’s all contrived or not, it’s the present reality.  I continue to see false headlines here.  It’s as though some people think if these fake headlines are repeated on the same websites over and over again they will come true and their PM values will rise.  Sites like this are becoming worse than the MSM.   When folks who are new to PMs come to these sites they’re going to get turned off by the phony hype.  An example would be how people would refer to the dollar as “ponzi coupons” or toilet paper.  A lot of people have made a good many of those dollars the last couple of years off the stock market.  That dollar is needed to pay the bills, paying for the kids education, buying food, paying the mortgage, 401k, etc.  Right now, the dollar is strong and people are using that to make money.  Good for them!  I own PMs but I also live in the real world.   Because of QE and the fact that the dollar is perceived as a safe-haven (whether it is or not), we still have a long way to go before the dollar crumbles.  Of course, that’s just my opinion, but I think it’s reality-based, not wishful fantasy.

    • Stack,
      There are still 10 million repo homes owned by banks waiting for short sales. The housing starts don’t offset the problems in the new housing starts. All of that Hype is homogenized horseshit.

    • Right now, the casino is strong and people are using that to make money.  Good for them!  I own PMs but I also live in the real world.   Because of QE and the fact that the casino is perceived as a safe-haven (whether it is or not), we still have a long way to go before the casino crumbles. 

  3. It seems the that Cypriot bank deficits are ‘only’ in the low billions.  If the Russians back the two bad banks in Cyprus, leave their deposits in those banks,  assure the Cyprus people that they have their back and help them develop their natural resrouces, it would be just desserts to the collectivist banker and political assholes in the Euro zone that Cyprus acquires a new friend in the Russians and tell the EU to go to hell.  That goes double for the Greeks who, like the Cypriots, are suffering the same fate that the corporatists in Germany have in store for Cyprus, only in this case the IMF was ready to steal $13 billion of private depositors money to bail out the same people, banksters, who created the problems that now plague Cyprus and half a dozen other peripheral Eurozone countries.  The Euro is doomed now that the true nature of the elites facade of mutual respect and benefits has been stripped off, showing the bloody fangs of the NWO and its cronies who still live in the old castles and caves of europe.
    It will be interesting to see what happens when a legislature without the spine of those in Cyprus or just the fear for their lives at the hands of Russians or the people, decides to fork over 10% of a people’s private bank deposits. Maybe Cyprus will weather the storm. Maybe the Kiwis will tell their liberal politicians to STFU. But somewhere along the line some political group will acquiesce to an crisis and solutions like proposed by the IMF and that will spell the end to a large part of the banking sytem

  4. So the Cyprus bankers really didn’t see the Russia connection–really? I can’t think off too many more efficient ways to say, please come take our land, our assets, and our people because we stole from you…comrade…
    Bankers should probably avoid overt theft from first world countries.

  5. I think it’s a little premature to assume that if people don’t trust a certain bank they will buy physical gold and silver, most will look for a bank they can trust, or just hold physical cash.
     
    We need something bad in the money for investors to buy gold and silver, right now the dollar and euro still have purchasing power.
     
     

    • “…right now the dollar and euro still have purchasing power.”
       
      Yes, they do, and the operative term is “right now”.  These are not anything that anyone should hold as long-term investments.  They WILL inflate and lose purchasing power because inflation is built into the DNA of these fiat currencies. We need only look at the last 20-30 years of price history to be acutely aware of that.  Why should the next 20-30 years be any better?  Given that MANY trillions of US dollars have been printed recently with absolutely no increase in US production of goods, the dollar HAS to be worth less now than before all that money printing started.  Bad as that is, there is no end in sight for all this money printing.  Therefore, hard currency and goods are needed as defense against inflation. Gold and silver can do that but so can tools, farm land, oil, timber, successful businesses, as well as food and fiber crops. The key to success in the future will be whether we have invested in reality or in fantasy… and time WILL tell.
       

  6. I’ve been especially steeped in Common Law over the past six months. I had my stint wasting my time with Civil Law over many years previous and the ‘revelation’ I’ve experienced in this latest exercise has shown me why we’ve lost so many of our Liberties to lawyers (a category into which I dump politicians with complete indifference) and their banker cohorts.
     
    The connection to this thread is that lawyers, in order to fleece whole populations, have honed a propensity to transmogrify people into ‘persons’ of myriad hidden qualities connected with ‘duties’ and ‘obligations’ under imaginary ‘contractual performances’. Just exactly what (lawyer driven or operated)  banks have done with Money! It now has so many diverse and often conflicting manifestations, that a Judge is on record saying that ‘dollars’ are no different than coffee beans. When queried further by the defendant party, who asked if they were thus a legal equivalent, the Judge answered … yes! Well, of course, that defendant dutifully ‘paid’ his trumped-up ‘bills’ and ‘fines’ with legally bona-fide bags of ‘dollars’ from the grocery store!
     
    Those of us who starkly see that ‘dollar’ notes are WORTH maybe two cents, while common ‘dollar’ coins are WORTH anywhere between ten cents to thirty of those stupid notes. Many of ‘us’ have cleared out of banks over the past ten years and as droves ‘join our ranks’, they’ll ALSO go through the same ‘evolution’ into unwavering conviction to honest ‘hard money’ and (I pray very often) never see the inside of a bank (or layer’s office) again in their lives. 
     
    “The colonists brought with them an appreciation of the virtues of self-reliance and a traditional distrust of lawyers. When the Colonies were first settled, “the lawyer was synonymous with the cringing Attorneys-General and Solicitors-General of the Crown and the arbitrary Justices of the King’s Court, all bent on the conviction of those who opposed the King’s prerogatives, and twisting the law to secure convictions.” This prejudice gained strength in the Colonies where “distrust of lawyers became an institution. ” Several Colonies prohibited pleading for hire in the 17th century. The prejudice persisted into the 18th century as “the lower classes came to identify lawyers with the upper class.” The years of Revolution and Confederation saw an upsurge of anti-lawyer sentiment, a “sudden revival, after the War of the Revolution, of the old dislike and distrust of lawyers as a class.” In the heat of these sentiments the Constitution was forged.”
    FARETTA v. CALIFORNIA, 422 U.S. 806 (1975), obiter dicta of Justice Stewart in delivering the opinion.

  7. I can see it now. Russia bails out Cyprus, then pulls out KGB and Russian commercial money and then holds
    Cyprus hostage for country takeover because of default in payback of bailout. What a Country!

  8. This Cyprus thing is looking more and more like a SETUP!  Why, well, Russia can come in and “save the day”, but at what price?  Well, Putin will say, Russia will make you (Cyprus) whole (financially) again, and for that, we won’t kill any of you, but all we ask is for free range drilling for gas and oil.  Hmmmmm, seems like a good deal, right?  And who can the Ruskies thank?  The IMF, of course!

    • @MaryB @Ed_B
       
      “The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government”. –Patrick Henry
       
      The ‘trick’ or ‘key’, is for folks to familiarize themselves with the ‘levers and buttons’ which move that ‘instrument’. That’s all contained in Citizen Grand Juries and Common Law Process. In the former, that involves four from a group of twenty-five, and in the latter … any one man or woman!
       
      We really do have one whole hell of a lot more genuine Power than the vast majority of us even dreams!
       
       

    • “We really do have one whole hell of a lot more genuine Power than the vast majority of us even dreams!”
       
      No doubt, Pat, but the path to achieving it is mind-numbingly complex.  Seems to me that to be of real use, it should rely on basic everyday language and not the lawyer-babble in which it is so thoroughly wrapped.  One of the rules in business is that if you want to sell a lot of something, make it work, sure, BUT… first make it easy to use, otherwise it will not be used!  That same concept seems to apply here.
       

    • @Ed_B
       
      You’re exactly correct! That’s why I’m so pumped on my introduction to Common Law Process! It is … Common Sense … practice of Law. Yes, there’s an indispensible degree of precision phraseology involved and technical construction of serial argumentation that has to be followed, but the Process is NOWHERE as daunting as European Civil Process, prevalent in today’s courts.

      You’ll see what I mean by indexing any search-engine on ‘Bouvier’s Law Dictionary’ and clicking on the ‘M’ section. Choose ‘select all’ … copy … and paste the text to a blank Word page. Tab down to ‘Maxims’ and there’s all the Law you need to construct a Common Law case! That essential compendium of Law can be greatly enhanced by adding in Biblical Command, the Articles of Magna Carta and Corpus Juris Secundum, but the Maxims alone are sufficient to flesh out a powerful enough sequence of pleadings by themselves.

      Here’s a redacted paragraph from one of my filings to serve as an example …
      “I am deeply sincere in belief that my cause is Just and Honorable. Thus, I invoke King’s Bench jurisdiction of this court’s power to issue Writ … consequent to Prayer for Remedy sought, directing Respondent, …, Magistrate Judge at Court of Common Pleas in Philadelphia county in said commonwealth, to enter Writ of Error rescinding Order dated … dismissing (see Exhibit 1), and rather, under Power of said Law to issue Order to Vacate Void Default Judgment on cases  …, (see Exhibit 2, ‘Case Record’), as no Law authorizing alleged Demand of any injured Party implied therein, was ever shown to be openly and forthrightly testified to, despite that “No bailiff, on his own simple assertion, shall henceforth put any one to his law, without producing faithful witnesses in evidence.” M.C. 38, nor, Personam and Subject Matter jurisdiction verified by similar such testimony of witnesses, whereupon “In doubtful cases there is no presumption in favor of the will.” Cro. Car. 51; “The burden of the proof lies upon him who affirms, not he who denies.” Dig. 22, 3, 2; Tait on Ev. 1; 1 Phil. Ev. 194; 1 Greenl. Ev. 74; 3 Louis. R. 83; 2 Dan. Pr. 408; 4 Bouv Inst. n. 4411, because in final analysis “To a judge who exceeds his office or jurisdiction no obedience is due.” Jenk. Cent. 139.”
       
      It’s siimple dialogue compelling an official to adhere to superior … Common Law … which, when logically, carefully and honestly applied, trumps Civil Law, because that branch is exclusively for government’s INTERNAL administration. The ‘trick’ is to step OUT of their contrived and imposed internal personage sucking you into Civil Law, so you can press your cause in the personage of one of the ‘Royalty’, inherent in the mere fact of having been born an American.
       
       
       
       

    • I see the truth of it, Pat!  As well as why you would be pumped up about it.  This is a source of power that virtually no Americans alive today have a clue that it even exists, let alone that it can be used to pursue justice in situations in which others are trying to pull a legal “fast one”.  I hope and pray that your efforts in this regard will be many and successful.  Wouldn’t it be great if there were professional legal advisers who used these same methods but were not “lawyers” and who were well versed in this form of law?  Once they started pruning away all the unconstitutional law and other legal gibberish out there, who knows just how much liberty might expand and enrich all our lives.

  9. I knew it! Logically, why would anyone else still keep their currencies inside bank accounts when it could be stolen by the banksters and the Cyprus’ situation has just proved it! Also, confidence over fiat currencies still exist because we all think that someone else will accept them for goods and services.

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