The legendary Jim Sinclair has sent an email alert to subscribers comparing this week’s terrible situation along the east coast in the wake of Sandy to the coming collapse of the US dollar.  Sinclair states that Ben Bernanke is the only person in US financial management that understands the current situation, and that QE∞ is the only thing delaying a complete systemic collapse.
Sinclair states that if Romney is elected and follows through on his threats to fire Bernanke, it would be the single greatest error made in US financial management ever”, and would result in gold trading above $3,500/oz and a complete US dollar collapse within 6-9 months!

From Jim Sinclair:

The thesis of MSM is that “Nothing must ever disturb the social order.” Mother Nature can do this in seconds, and an overnight collapse of confidence in the dollar will do it in three days.

Currency induced cost push inflation is what will collapse confidence overnight and cause an explosion in the velocity of money in three days. Study history. It has happened before and will happen again. Although you will not want to hear this, it is true.

Ben Bernanke is the only person in the US financial management that thoroughly understands the mess that has been made, that which I have taught you. His action with QE is the only tool to buy time. QE is the only way the can gets kicked down the road for 3 years, preventing for some time, a total collapse. To fire Bernanke will be the single greatest error made in US financial management ever. We are over the cliff and in a free fall. Anyone speaking austerity and the dollar is unknowingly speaking about the final Western world financial collapse, without any remedy, within 9 months. If they knew, they would keep their mouths shut.

What I know and Bernanke knows is that your vote next week in the USA is for immediate (9 months) collapse or for the test coming between 2015 and 2017. You have the right to select the time of the end. This choice of leadership is between the devil you know or the devil you do not know.

Having your business assets in East Africa is a calming feeling. Two major Brics taking Tanzania under their wing gives me comfort. The choice of next week’s election in the USA is gold at and above $3500 either immediately defined as within 6 to 9 months from now, or in 2015-2017. The US dollar will trade at USDX .7200 and lower in the same time-frames resulting from your vote.

Choose wisely,

  1. Hold the phone, Malone. Didn’t someone say last week that Romney would be bad for gold.   It’s pretty much a given that whether B or R is elected, the  currency failure is nearly a foregone conclusion.  Both would be good for gold if you own it and bad for JQC if he doesn’t.  Gold does not seem to care about the evil of two lessers. It’s got a mind of its own

    • Very true AG, Imminent total collapse is apon us regardless who is the president is. I am also totally burnt on all that want to place a “Dollar Value” to the metals while saying the dollar is collapsing. Kind of a mute point, Who’s trading there metals for paper just prior to a collapse. Also in reality the metals are not going up at all in value….    

    • And the price will be whatever the big cartel banks want it to be regardless of who gets elected. as long as paper gold is allowed to control the price we will not see actual physical prices.

    • Yeah, running to a thief like Corzine would have been just the right thing to do at the time.  Then, he could have looted the entire US Treasury instead of just MF Global.  Such a deal!

    • That’s also what I thought when I’ve read this article. These financial pundits keep changing their predictions so that people would focus on newer predictions and forget the old ones. That way, these financial “experts” still stay popular on financial blogs.

  2. I think that if we had a treasury issued debt free note to replace the fed notes for people’s money while isolating and wiping out the fraud paper, derivitives and bond trash, we would have a smoother transition. without a nationalized alternative, we are screwed. we also should demand that the Treasury repatriate all US held gold, remelt into 1/10 ounce coins and spent into circulation as it will be needed for foregin trade. SS and other entitlements could be paid by a combination of both new coins and debt free treasury notes. I’m just trying to throw out solutions, What do you think?

  3. I don’t really know whose side Sinclair is on. We all talk about a currency collapse. A currency collapse can work in two ways.
    1.) A total devaluation of ALL ASSETS, mortgages, land, credit card debt and any other hard asset, including Gold and Silver
    sold on the free market based on the U S Dollar value. It would simply mean bushels of more dollars to pay the debt
    or to buy anything.

    2.) Debt on all of the above hard assets could increase to higher levels based on a different trading currency. Do not believe
    that all debts will be wiped out when the dollar crashes because it won’t. I do not recommend anyone going out and applying for a mortgage that is beyond your means or maxing out a credit card.

    In either case hyperinflation is prevalent. A Gold backed currency along with Silver. It all depends on how much Gold and or
    Silver The U S Treasury has in their vaults. The U S Dollar would no longer be the trading currency of either Gold, Silver, Oil or
    any commodity trading in the world. All Fiat currencies of the world would need to be backed by Gold. The Far East would then
    establish the value of Gold and Silver, that would make India one of the richest countries in the world. If this is true and the
    Muslim Brotherhood becomes more dominant in that region and The Congress declares war, your Gold and possibly Silver can
    be consfiscated by the government by law. So what other alternatives are there?

    • @Ranger

      As far as what is reported the USA has the largest Gold holdings in the world as a country. I would also venture to say as individuals we do as well

      The other point I would bring up is we hold most of other countries gold to

      I also believe that our money or other countries money should be based souly on there country.

      The major problem is to much trading and dependence on other countries. This is a security issue   

    • @Ranger from what I can gather, you’re a fairly ‘sharp tack’, so I’m mystified by your concluding question. The obvious ‘alternative’ at paper currency’s concluding repudiation is copper, silver and gold (nickel, palladium, platinum, rhodium?) in … direct … trade. Metals don’t NEED ‘government backing’, they’re weight, fineness and ratio of availability IS their INTRINSIC ‘backing’. As far as confiscation goes … ALL STATUTE IS MUNICIPAL. Under the Constitution (which is the GENUINE Law),the federal body can only ‘confiscate’ or demand a ‘forced sale’ of private property if a court can incontrovertably determine the affected party to inhabit federal territory or jurisdiction … by confession. ‘Legal’ currency, is a ‘benefit’ contrived for ‘legal Persons’. Lawful money, on the other hand, is a natural benefit conferred by God upon … People.

  4. 427 Big Block.

    I really do not believe that the U S has the Gold they say we have. It’s almost a proven fact that Ft. Knox is absent of
    Gold. It was last audited in 1952. Reagan assigned the Gold Commission in 1981 and that was stonewalled. Ron Paul
    has asked congress to submit a bill to audit and again has been stonewalled. With all the tank hardware and troops
    at Ft. Knox they are guarding absolutely nothing.

    • That’s true but at least those troops are getting paid for doing nothing. So, it’s a good thing for the troops but it’s a bad thing for the American taxpayers since they have to pay them. Also, can’t the USA just admit that they don’t have the golds anymore inside the Fort Knox? Canada has admitted to have no gold reserves and most of the people didn’t care that much.

  5. What ever happened to  427s, real silver coins and gold backed American Dollars. 
    Now we got liters, meters and cheaters.
    The EU-trophication of the USA. 
    Pond slime and the NWO coming to a theater near you.

    My first car was a stock 1960 Olds 88 with a 450 cu. in. V-8, 3 on the tree, dual quads, dual exhausts and 0-60 in sub 6 seconds. Now that was a car. Hammer down that carb sounded like a dragon in full throated roar . Gas was a quarter a gallon, real silver, and I got 8 MPG. I miss the good old days.

    • Ya AG good old days, let me know when your going though the mid life crisses and you need a toy. Hell I’ll even fill it up with a 110 octane leaded race fule so the smell is the same.


    • When I was in High School in the 70s my first car was a 1964 MG Midget that I sold and then bought a 1968 Roadrunner with a 383hp, Hurst 4 speed and Holly 4 barrel. It could outrun anything in the High School parking lot. I never ran it that fast, but my brother did. Later I bought a 1964 VW to save on gas and repairs. Later I added to my collection a 1957 Porsche 356. I sold the Roadrunner for $500. If I still had all the cars I had over the years I would be rich. I have bought, fixed up and sold about 14 old VW’s over time.

      Cars from them days were real cars, with class, compared to the high priced junk that passes as cars these days. What I have now are two 67 Beetles (with the original 1500 engines) and a 84 F150 with a 5.0. Parts are cheap, easy to work on, the VW’s require no annual inspection, paid for and insurance is really low.

      I saw a 72 Plymouth Duster with a 340 in it at a car show recently. This was a cheap car back then and my parents had one that I took my driving test in. Theirs had a slant six in it. A lot of guys stayed away from me since I usually knew more about cars than they did. I guess they couldn’t handle a girl that was interested in such things. Made me want to learn even more about them. Strange how the low cost cars of that time are worth so much now.

      Anyone need any VW Beetle parts? Everything I have is 67 or before and I take silver as payment. I have never been interested in VW’s built after 67. The 67 was their crowning achievement. First year of the 12 volt (in the US) and last year of the old bumper style. I could go on forever about this. Has nothing to do with silver, but a lot more interesting.

    • My first car was a Ford Galaxy 500. I think it had a 428 4 barrel. Looked like hell but man did that car fly! Camaros and Cudas struggled to keep up! I could be at the stop sign, punch the gas and burn the tires to the rim without going 10 Feet! lol, NOT USING THE BREAKS!!

  6. @Ranger

    I did say as far as reported!!

    Fort Knox is a target and I wouldn’t think any government since the atomic bomb would use a facility like that to hold gold. Think about it, it was built prior to the bomb. They after seeing the power of thies bombs would not want there gold vaporized.    

    • Big Block 427,

      I understand that you said that. My basic point in all this fray is that The U S Government
      is a Big Fat Liar on all issues. Mainly to avoid panic. The Bilderbergs and other Elite pull
      the puppet strings on Obama to take America globally down in power. The currency debasement
      is a planned event. This event will cause all world currencies to fail because of the faith they
      have had in the U S Dollar since 1945. I personaly voted for Romney, but Romney will be helpless
      in solving the debt. The main reason that I voted for him or even a Bus Driver is that if Obama is
      re-elected he will have several appointments to the Supreme Court. If he is re-elected, better
      stock up on Beans, Bullets and Band-Aids brother because this Country will be all over but the shouting. 

  7. 427  That is a beautiful car.  What do you have under the hood?
    As an FYI   We have a great celebration of American cars in Reno called Street Vibrations.  It’s right around August.  The organizers work with Reno and pretty much carve out downtown Reno for this festival.  There are probably thousands of classics, hot rods and oldies all on the streets.
    I don’t have anything that would qualify but if you love automotive Americana  this is one of the best places to see it.  My fav car was my 1968 Dodge Charger with the 440 hemi and a 6 pack.  The smog Nazis in CA forced me to kill the carb  by super gluing the mixture adjustment screws closed.  That killed the performance. It ran lean and made the engine overheat.  Another good reason to dislike CA.   I sold it to a friend who worked the engine for Quarter Mile runs.   Today the car is a classic and doesn’t need smog checks.   In Nevada classic cars  are exempt from smog tuning.  Another reason to like this state. This might be off topic but we are talking about the Silver State.

    • @AGXIIK

      The car from the factory is a 66 Fairlane GT that came with the high performance 390 S code, 4speed top loader trans, 9″ rear. The engine now is nothing like factory. I have a vintage Ford 427 crosse bolt block built very high performance at about 650HP. When I built it I wanted it to look the part of maybe a 8 year old car not trying to to have a new modded out vintage car. I wanted it to be like we had in the 70s. I did however after getting it together changed out the ignition parts for better performance and reliability.
      Go to my photo bucket site to view this album. Password 427427

  8. The demonization of veterans, preppers ( who are probably mostly veterans ), real constitutional patriots, honest libs and conservs is full on by the media, Hollywood and the administration. I worry we are about to be hunted like prey if Obama wins! Obama really worries me! I don’t trust Romney and don’t like that crook. But I know for sure that Obama IS A RADICAL COMMUNIST AND IS COMMITED TO HIS RADICAL PHILOSOPHY. HOW DID WE EVER GET TO THIS POINT? I feel deep in my bones that hell is coming no matter what!

  9. I share your thoughts Rockets.  Never have I felt this concerned about a president.  We’ve had some sociopaths, psychopaths and some who just liked to get high but B has me worried.  On another channel there was stories of B having  4 Star General Ham  arrested by his #2 Gen Rodriguez when he was going to go against orders to ‘stand down’ at Benghazi.  An Admiral was also cashiered for his attempt to go against B.  Something smells.  I’ve read and seen the stories Manchurian Candidate and 7 Days in May.  The military is none to happy with B.  Friends of mine, former Marines and others, say the troops are restive.

  10. I think Mr. Sinclair is a very smart guy.

    He basically gave the readers an ultimatum: vote for Obama, your gold/silver investments won’t see much action for a while. Vote for Romney, and the system will krash faster and your investments will pay off.

    I wonder who he’s cheering for hehe; looks like it’s his way to get readers to vote for Romney. 

    • Not if people like me are still not ready. If the system crashes, then peace will be lost in North America so your life will be more at risk. We should all live peacefully as long as we can.

  11. As for the current situation, the best thing to do is to “GET WITH IT” and get the party started, (crash) 
    or it will just be much worse if we “kick the can down the road” for a few more years. Natural Cycles
    really hate to be delayed, they tend to come back with a vengeance… 

  12. To Big Block 427,

    Great car! Loved the photo. Kids now days with their Rice Burners have no idea of what performance is.
    I bought a brand new 1963 Corvette StingRay 300 HP hydraulic cammed engine that the recommended
    fuel was 105 octane for under $4000. Turned 108 in 13 flat at the track. Going back to the fuel, there was
    a placard on the glove box door that stated “Do not use less than 105 octane fuel in this car. I had a buddy
    that had a 1963 Dodge Hemi 4 door that turned the quarter in 12 secods flat right off the showroom floor.
    auto, D1, D2 and D3 push button. If the yougsters today could only know!

  13. AGXIIK said…”My fav car was my 1968 Dodge Charger with the 440 hemi and a 6 pack.”
    –  –  –  –
    Q:  What do you call three Vietnamese in an orange ’68 Dodge Charger?
    A:  Gooks of Hazzard!

    –  –  –  –  –  –
    Disclaimer – I am not racist and that was just a JOKE, o.k.?
    I’ve worked with many Vietnamese people and they are a-okay folks.      

  14. Good to read everyone’s comments about those ’60’s cars many of us grew up with.  Nice car there, 427.

    My first car was a 1967 Pontiac Tempest with the Overhead-Cam Six-Cylinder.  Had my eyes on my friend’s 1967 LeMans convertible with the 326 V8; his dad bought that car new, and when they decided to sell it I paid $300.

    Drove that car for thirteen years until some idiot plowed into me from behind and totalled it.  It had almost 320,000 miles and would still be running today if it hadn’t been hit.  Everyone talks about how reliable Hondas & Toyotas are; well before they hit the American roads, those good old USA-built cars were every bit as reliable!
    Fvck computerized climate control, automatic windshield wipers and just give me windows that crank open & closed, and that knob next to your knee that you pull on to open the floor vent.  Oh and give us back those wing-windows on the front doors too.

    Thanks for the memmories, fellow Silver Doctors posters!

    Oh, and BTW I have a 1966 LeMans hardtop in the garage – mechanically sound but needing cosmetics. When I can find the time… 



    T’was the night before elections,
    And all thru’ the town,
    Tempers were flaring
    Emotions ran up and down.

    I, in my bathrobe
    With a cat in my lap,
    Had shut off the TV,
    tired of political crap.

    When all of a sudden,
    There arose such a noise,
    I peered out my window,
    Saw Obama and his boys

    They had come for my wallet,
    They wanted my pay
    To hand out to others
    Who had not worked a day!

    He snatched up my money,
    And quick as a wink,
    Jumped back on his bandwagon
    As I gagged from the stink.

    He then rallied his henchmen
    Who were pulling his cart.
    I could tell they were out
    To tear my country apart!

    On Fannie, on Freddie,
    On Biden and Ayers!
    On Acorn, on Pelosi’
    He screamed at the pairs!

    They took off for his cause,
    And as they flew out of sight,
    I heard him laugh at a nation
    Who wouldn’t stand up and fight!
    So I leave you to think
    On this one final note…

  16. I always laugh when they refer to Obama as America’s first black president… what a bold face lie to say the least. Blacks are people where both parents are blacks, while mulattoes are the result of race mixing. Who the hell do they think they’re kidding? lol 

  17. Pat Fields 
    In my cursory review of precious metals as currency, and that’s only about 2 short  years of study, there seems to be the  trend that when the government gets involved in creating precious metal currency they also are the cause of the debasement and destruction of that which we, the people, see as our only salvation when we seek some stability in our money.  I use the word money back and forth, paper to precious metals, just to define my premise, not to give aid and comfort to the larceny of the paper in my wallet.

    • @AGXIIK government screws up commerce … period. The careful examination of it’s involvement and arrival at that conclusion, during the ‘Enlightenment’ era, is what gave rise to America’s establishment and birth of the Free Market. Thomas Jefferson put it this way …

      “The true theory of our Constitution is surely the wisest and best, that the States are independent as to everything within themselves, and united as to everything respecting foreign affairs. Let the General Government be reduced to foreign concerns only, and let our affairs be disentangled from those of all other nations, except as to commerce, which the merchants will manage the better, the more they are left free to manage for themselves, and our General Government may be reduced to a very simple organization, and a very inexpensive one; a few plain duties to be performed by a few servants.”

      Under the SPIRIT of the Constitution, government has no more authority than to manage the quality of the Mint’s coinage. There is NO prohibition on The People from private manufacture and quality assurance of their OWN trade pieces. As I’d mentioned to Ranger, all statute is municipal, thus carrying authority … jurisdictionally. The federal body can demand a specific form money in return for its services (taxes) … nothing more.

      Federal jusisdiction is ‘legally’ extended to corporations because it conditionally ‘affords’ them its immunities. THAT’S why your Title on its documents (only phonetically similar to your birth name) is a statutory fiction created by government. It’s a corporated (imaginary construct treated in legal proceeding as a living being) entity to traverse your activities under federal (or un-constitutional State) jurisdiction. So, THAT’S how government can dictate ‘monetary policy’ on them and their customers. Corporations have no ‘inherent, God given, Natural Rights’, only those mercurially ‘bestowed’ by THEIR creator.

    • I believe you are mistaken, @PatFields, no way that THOMAS JEFFERSON could have stated THAT!!! Why, he was a DEMOCRAT!!!

      “We have not left the Democrat Party, for indeed, the Democrat Party has forsaken US” 

  18. @Ranger … “The currency debasement is a planned event.”

    I definitely stand alone on this, but I have serious doubt that this currency implosion was expected or desired (thus planned). I have solid reasons to deduce that these goofballs in government and banking embarked on this ‘quest for the monetary holy grail’, in a sincere belief that by co-ordinated ‘central bank’ manipulation of the world’s current interest rate, they could control the automated inflation of their scheme, in response to varying macro-economic conditions. What (I see) they failed to fully appreciate is this global Debt Saturation seizing up the minimum currency generation necessary to create debt service funding. Everything they’ve been doing over the past ten years has fit like clockworks into the model I’d reconstructed. So, none of what’s followed in sequence has come as much of a surprise to me.

    It IS collapsing! But, no politician or banker actually has ‘control’ over it. It’s happening as a result of the math underlying it’s systemic construction. Now, this isn’t to say these jerks haven’t become increasingly criminal in their frantic efforts to ‘save’ it. They obviously ARE. I’m merely saying that it’s beginnings were an ‘innocent’ attempt to evade metallic money’s natural tendency to gain in rational value … pressuring ‘prices’ of goods (among other ‘evils’ that irk governments). In previous times, the only ‘response’ was to debauch their coin, which NEVER worked EITHER.

  19. Pat I would assume that so long as the legislature is in session we are not safe.  Governments are good at two things.  Debasing the currency ad starting wars.  Currency can be precious metals, paper, pukka shells or Yap Island stone wheels.

  20. To Pat,

    My thinking is purely on a global basis not just the U S. Gold’s intrinsic value is recognized worldwide as a monetary value.
    U S Banks are required as of January 1st to hold Gold as a Tier One Asset. The U S Treasury has already produced a new
    currency which has not been released. They started working on the project in 2010. I have seen photos of it on the internet.
    I believe I used Google to redeem the site. The new currecy has a half Gold priting on the front and the back side.
    The other half is the stadard green and the notes have the holographic design built into the currency. The venue presented by the Treasury Department in their infinite wisdom is that they believe that exchanging our present currency for the new will cause the drug trade to fail or be at a great loss as the currnt currency that they hold as we all hold will need to be exchaged in for the new. Do you really think that they care? Absolutely not! The new currency has been stated to come out in the summer of 2013. A photo below shows a sample. You determine the symbolism of the currency and see what you think.

    • @Ranger Moses came down from the mountain and beat the golden calf to dust. We should do as much. Adulation of gold is the undoing of The People’s Liberties. Only the poly-metallic scheme secures maximum Liberty to ALL … great and small alike. Each metal has specific incidence in nature. From those facts we have a solid foundation for their underlying trade ratios … among themselves … and then in relation to everything else. Sure, regional or local conditions of supply-demand will impose upward or downward pressures on one or a few of them, but with others on which to strike deals that are rather holding fast to their intrinsic ratios, the mis-valuations are easily brought back in line. However much metals prove themselves as ideal money, they are in basic truth … tools. No one of them ought to be so elevated as to diminish the others because a ‘full kit bag’ makes the most effective workman. Gold is no more ‘The Money’ than a hammer is ‘The Tool’.

    • The only new currency in which it is still not released that I know is the Amero. I think you meant the new bills instead of the new currency. The Amero will appear in North American circulation once the US dollar collapses and when the North American Union is formed.

    • Try to print the image of that new golden $100 bill.  My HP printer will not do it.  Instead all that prints is the URL of a website that warns about counterfeiting money.  Printer must have a gov’t chip in it that recognizes FRN’s.  Interesting thing is that I have owned the printer for a few years and those bills aren’t even issued yet.  

      Did you catch in the news a month ago $20,000 worth of these new $100 were stolen.  Hard to spend at this time I would think..

  21. @AGXIIK … “Currency can be precious metals, paper, pukka shells or Yap Island stone wheels.”

    I suggest you carefully examine that phrase. It’s too commonly and easily accepted at face, yet flawed in its premise. Metal, shell and stone are natural substances that … embody … full Title within themselves intrinsically by natural creation. When we trade things which each embody Full Title within themselves, the one has … power … to convey the other. Debt is THUS extingui9shed. Paper is a construct of someone’s imagination, thus Title lay in their willingness to relinquish it … or to lend it … at their discression. When you use someone else’s ‘Property’ to acquire things, Right of Benefit, constructively inures to … THEM. You have legal right to possession but not … Equitable Title. Your instrument wasn’t inured of intrinsic Title in itself, so the Debt isn’t extinguished. Paper is the path back to Feudalism.

    Paper Rots, Coin Does Not. 

  22. Pat    I kind of figured I would get busted for trying to sneak the word ‘paper’ between precious metals and pukkas.  I don’t have the defined precision for paper or money  My gut tells me as much that this paper money paradigm is nothing but bad news hence the reason only 2% of my assets are in the filthy pocket lettuce.  Filthy is a reasonable word considering what sort of disease bearing pathogens one can find on FRNs. 

  23. undeRGRound  My pathetic definitions are getting really—-pathetic. It’s all so confusing.
    I think I’ll move to the Kalahari Desert and take up with the K’ung bushmen.  They trade in mungungo nuts, the coin of the realm. They’re also a staple of the bushman’s diet.  You are what you eat. 

  24. The worst financial mistake ever made in the USA is when Richard Nixon removed the gold standard away from the US dollar. If gold is traded at 3500$ per ounce, then silver would have been traded at about 63.64$ per ounce if the ratio between them is 55 ounces of silver for one ounce of gold.

    • SK, OldBuddy, I guaran-Darn-Tee you that if Gold goes up that high, then Silver will be quite close to $220-$350/oz OR HIGHER.
      I personally predict around $400/oz if Gold is $3500! 

      Silver increases much faster than Gold when it is going UP. Promise  😀

    • @Sumkid No, I would argue the worst mistake was the ‘Crime of ’73’ about a century earlier, when Congress subjugated itself under the dictate of the Bank of England by un-Constitutionally adopting gold as the measure of the silver dollar.  It was specifically deduced by America’s Founders, that silver (The People’s money) ought rather to be the standard by which gold should be rated. In THAT arrangement, The People held check over government and its propensity to make gold its principal money. Under government’s ‘gold standard’, it can over-value that far smaller quantity and thus ‘oppress’ The People through demand of ever more of THEIR money for its own avaricious desires.

      You see, with copper and silver as the ‘base money’ of society, the Laboring sector holds check on the Merchants’ propensity to over-value silver … who in turn, are thus economically empowered to suppress the governing and finance sector. Silver is the natural ‘fulcrum’ weighing optimal value between copper and gold.

    • WOW PF, I never knew that! 
      Silver is now so scarce, it’s unlikely we will ever return to a Silver Standard, IMO.
      But Obviously it is a great investment and Stor of Wealth.
      Please elaborate further, if you have anything.  

    • I never knew about the “Crime of 73”. It looks like this was the earliest moment during the USA’s history where the Constitution was broken and it stayed like that forever. It’s because of the Bank of England’s fault that silver is still undervalued today.

  25. @Sumkid … “Yes, we sure do need a treasury issued debt-free note to replace the Federal Reserve notes. But, presidents are scared to do that. Remember the last time when a president did that? He got killed and his idea was dumping. That is John F Kennedy.”

    You’re slipping into that ‘Government Issued Paper’ trap! Kennedy did NOT order the issue of ‘Notes’ … he ordered Treasury to issue convertable Silver Certificates on the bullion stockpile at the Mints.

    Trade through paper … the ‘value’ of which depends on ANY third party … constructively passes Equity Title in the good acquired TO that third party! To Lawfully command Private Property in your possessions, the money involved MUST have an agreed-upon intrinsic value so the exchange of each thing EXTINGUISHES debt upon the other simultaneously. That FACT is the reason straight barter of goods is both non-taxable and unimpeachable in a court. No third party has ANY claim of ‘service’ rendered during conduct of the exchange. Metallic money is simply ‘high’ evolution of barter which preserves the conveyance of Title. True Capitalist Social Order is thus essentially IMPOSSIBLE where it’s become supplanted.

  26. @undeRGRound Sorry, that post had a few data points in it. What exactly did you never know?

    The amount of silver that can circulate is a nonplus. The Free Market rational value relationship simply accounts for whatever amount is available. If the market highly demands silver (logically probable) then ‘recovery’ of ‘scrap’ will become a coveted business until an optimal ratio is achieved. Amounts of the respective metals really bear no consideration at all regarding their functioning as money.

    The concepts of Saving Money and Investment for Resale need to be starkly differenciated. One accumulates the former to avail one’s self of the latter.


  27. @uglydog Sorry I have to resort to WIKI, but …

    The House of Representatives took up the President’s request early in 1963,[4] and passed HR 5389 on April 10, 1963, by a vote of 251 to 122.[5][6] The Senate passed the bill on May 23, by a vote of 68 to 10.[7][8]
    President Kennedy signed the bill into law on June 4, 1963 and also signed an executive order (11110) authorizing the Treasury Secretary to continue printing silver certificates during the transition period.[9][10] The act, which became Public Law 88-36 (77 Stat. 54), repealed the Silver Purchase Act of 1934 and related laws, repealed a tax on silver transfers, and authorized the Federal Reserve to issue one- and two-dollar bills, in addition to the notes they were already issuing.[11] The Silver Purchase Act had authorized and required the Secretary Treasury to buy silver and issue silver certificates. With its repeal, the President needed to delegate to the Treasury Secretary the President’s own authority under the Agricultural Adjustment Act.[12] 

  28. @PatFields  The 1963 $5 silver certificates were authorized but not issued.  The Kennedy 1963 $5 United States Note with the red seal that was issued is not a silver certificate.  I expect if President Kennedy had lived and was re-elected the Treasury would have gotten around to issuing more silver certificates.  At least that is the way I understand it.  Maybe there is someone in the coin collecting business who knows for sure.

  29. @undeRGRound the only money spoken of in the Constitution is the Dollar. The dollar is specifically a coin of 90% silver, 10% copper yielding out 371.25 grains fine silver (.77 Troy ounce). The Constitution goes on to say that Congress will ‘fix’ the value of gold and foreign coin in relation to that dollar … ipso facto , the dollar or silver standard. Now, it’s especially revealing that in the same section, Congress is made responsible for … WEIGHTS AND MEASURES. The contextual inter-relationship is that MONEY IS WEIGHT AND FINENESS OF METAL and their ‘values’ are ‘fixed’ ratios between them.

  30. @undeRGRound mind you, had I been there among those Honorable Gentlemen, I’d have rejected the notion of ‘fixing’ any ratio of gold to silver. That determination is, by nature, in perpetual market flux and CAN’T be ‘fixed’ beyond a referencial pivot on their geological abundance. We know today that the ‘natural ratio’ is about 9:1 SGR, BUT, BUT, BUT (lots o’ big buts, huh?). their circulation in markets will always be changing according to demands, so the IMMEDIATE conditions are a better ‘fix’ than government fiat. In other words, If there’s demand for gold in an environment of abundant silver, gold’s bid ought to rise and vice-versa. That way all the money metals trend toward optimal ‘value’ within their supply-demand conditions during a given time and place.

    Once that concept is clear, you then see why and how the amount of metal isn’t the most critical factor bearing on it’s role as money. It’s the rational inter-relationship and it’s ‘smoothing’ effect on the other money metals in its orbit. When left to supply-demand forces, a low-volume-high-value compels aggressive mining and re-cycling toward as close to a ‘natural ratio’ as can be achieved. AND,. gold’s recovery will suffer for lack of relative ‘interest’ … see?

    • Yes, I see the relationships. In fact, I constantly refer to the future value (price?) relationship as being more closely aligned to the mining ratios, and I have noted that I read once that the current “break even price” would be ~$280 for Silver, to make recycling economically feasible. Adjusting for future inflation, that would be higher yet. Also, that price structure would be easily attainable if we were to see price suppression end. In fact, assuming that we are near a Gold price peak, and adjusting that price for inflation, a 9:1 GSR in prices has us right near these levels. That is using $2500 Gold and a 9:1 price ratio. Perfect. 

  31. @UglyDog: The vagueness of that story about the theft of the gold hunnerts looks like made-up, err, baloney to me, designed to accustom the general public to the idea of a new currency. I have become reluctant to backtrack, there’s just so much territory to cover, so I will rely on memory that those things are stamped with the date 2009, which correlates with the year I thought everything was finally going down. If that was, in fact, the plan, somebody came up with a new plan for some reason and they put those bills on hold, the official noise about their creation and stalled circulation also reverbs as hot air, as I recall.

    • Precious…Granted, our gov’t has been guilty of many false flags.  However, I believe the story of the theft of new golden $100 bills is accurate.  The new hundreds had already been delayed.  The cover story a year ago was concerns about the security strip holding up when the bill is folded.  That story at the time seemed a bit suspicious.

    • I would think a quick serial number check is all that is needed, flag those and track the bills… 
      Once they are released, even. Easy enough to figure out an epicenter of distribution. Maybe LOL! 

  32. @undeRGRound well, I use the term ‘fix’ because that was chosen for use in the Constitution. Ever since Newton ‘fixed’ the GSR at 1:15 on behalf of the BOE, it was a constant point of controvercy that never should have been usurped by government (not ANY, really), but left to private contractual agreement. It’s one thing for governments to reach inter-governmental policy (which would ultimately hold or dissolve on market forces), but another altogether to impose on their SUPPOSEDLY ‘free People’. They may as well ‘fix’ the value of wheat, leather or lumber. ‘Fixing’ trade ratios has NEVER accomplished anything but to force shortages, gluts and ‘black markets’.

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