“With the exception only of the 200-year period of the gold standard (1714 to 1914 in Britain), practically all governments of history have used their exclusive power to issue money in order to defraud and plunder the people.”
|
“The above chart shows the ratio of the US monetary base to the US population. Despite growth in the US population, the monetary base has been rising at an even faster rate. Since October 2008, the US monetary base has gone up 194% from roughly $949 billion to $2,796 billion. Gold has gone up only 102% rising from $828 to $1,672. This suggests that the US monetary base can now buy more ounces of gold at current prices then it could in October 2008. Alternatively, put another way it would take a higher gold price to match the ratio that was seen in October 2008. Gold today would have to be $2,400 to match the ratio seen in October 2008.”
– David Chapman
Tom says:
Admin, while the people are defrauded and plundered, how about giving the children “Behavioral Health Assessments”?! Legislators in Conneticut are proposing this. Talk about government intervention in our lives….
http://www.activistpost.com/2013/02/connecticut-wants-behavioral-health.html
Wake up America!! What do you think Admin?
Like or Dislike:
4 
0
13th February 2013 at 12:23 pm
AWD says:
The days of fiat dollars is rapidly drawing to a close. Russia is the number one oil producer in the world now. They and China are trying to wipe out the dollar as world reserve currency, and use gold instead.
Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?
Will oil soon be traded in a currency that is thousands of years old? What would a “gold for oil” system mean for the petrodollar and the U.S. economy? Are Russia and China hoarding massive amounts of gold because they plan to kill the petrodollar?
Since the 1970s, the U.S. dollar has been the currency that the international community has used to trade oil around the globe. This has created an overwhelming demand for U.S. dollars and U.S. debt. But what happens when the rest of the globe starts rejecting the increasingly unstable U.S. dollar and figures out that gold can be used as a currency in international trade? The truth is that it doesn’t take a lot of imagination to figure that out.
Demand for the U.S. dollar and U.S. debt would fall off the map and there would be a rush into gold unlike anything we have ever seen before. So are Russia and China accumulating unprecedented amounts of gold right now because they eventually plan to cut the legs out from under the petrodollar and they want to gobble up huge stockpiles of gold before the cat is out of the bag? Of course they will never admit this publicly, but there are rumblings out there that this is exactly what is happening.
Not that you can really blame any nation that wants to get into gold right now. News outlets all over the globe are telling us that we are in the midst of a “currency war” as central banks all over the planet race to devalue their currencies.
So why would anyone want to be in paper in such an environment?
And of course the Federal Reserve is one of the biggest offenders. The Fed has been printing money like it is going out of style, and nobody at the Fed or in the U.S. government really seems too concerned that all of this money printing could be endangering the petrodollar.
But the truth is that the Fed is endangering the petrodollar. Just read some foreign news stories about the U.S. dollar. They mock us for our reckless money printing.
In the end, our recklessness will make it very easy for the rest of the world to ditch the U.S. dollar.
At some point, it will happen. In fact, there are persistent rumors that Russia and China actually intend to make it happen.
Many believe that this is the reason both nations have been hoarding so much gold recently.
Just check out how much gold Russia has been accumulating. The following is from a recent Bloomberg article…
When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it.
Not only has Putin made Russia the world’s largest oil producer, he’s also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in the past decade, a quarter more than runner-up China, according to IMF data compiled by Bloomberg. The added gold is also almost triple the weight of the Statue of Liberty.
“The more gold a country has, the more sovereignty it will have if there’s a cataclysm with the dollar, the euro, the pound or any other reserve currency,” Evgeny Fedorov, a lawmaker for Putin’s United Russia party in the lower house of parliament, said in a telephone interview in Moscow.
http://theeconomiccollapseblog.com/archives/petrogold-are-russia-and-china-hoarding-gold-because-they-plan-to-kill-the-petrodollar
Well-loved. Like or Dislike:
5 
0
13th February 2013 at 12:42 pm
AWD says:
Petrodollars explained:
In a nutshell, any country that wants to purchase oil from an oil producing country has to do so in U.S. dollars. This is a long standing agreement within all oil exporting nations, aka OPEC, the Organization of Petroleum Exporting Countries. The UK for example, cannot simply buy oil from Saudi Arabia by exchanging British pounds. Instead, the UK must exchange its pounds for U.S. dollars. The major exception at present is, of course, Iran.
This means that every country in the world that imports oil—which is the vast majority of the world’s nations—has to have immense quantities of dollars in reserve. These dollars of course are not hidden under the proverbial national mattress. They are invested. And because they are U.S. dollars, they are invested in U.S. Treasury bills and other interest bearing securities that can be easily converted to purchase dollar-priced commodities like oil. This is what has allowed the U.S. to run up trillions of dollars of debt: the rest of the world simply buys up that debt in the form of U.S. interest bearing securities.
The petrogold system explained:
The crux of the non-US$ trade vehicle devised as a USDollar alternative will be the Gold Trade Note. It will enable peer-to-peer payments to be completed from direct account transfers independent of currency, and most importantly, not done through the narrow pipes and channels controlled by the bankers with their omnipresent SWIFT code system among the world of banks. The Gold Trade Note will act much like a Letter of Credit, serve as a short-term bill, and maybe even push aside the near 0% short-term USTreasury Bills that litter the banking landscape. Any bond or bill earning almost no interest is veritable clutter.
The zero bound USTreasurys open the door in a big way for replacement by a better vehicle. The new trade notes will involve posted gold as collateral, whose entire system for trade usage will bear a massive gold core that also will include silver and platinum, maybe other precious metals. The idea is to avoid the FOREX systems, to avoid the USDollar, and to avoid the banks as much as possible in a peer-to-peer system that can be executed between parties holding Blackberry devices or simple PC to complete the payments on transactions. If Gold is ignored by the corrupt bankers, then Gold will be the center of the new trade system and the solution in providing a globally accepted USDollar alternative.
Like or Dislike:
4 
0
13th February 2013 at 12:51 pm
IndenturedServant says:
Like I said in another thread, you have to run the central bank out of the country at a bare minimum. No people, businesses or countries have any real money. Every fiat currency in the world is merely printed into existence. As each unit is “delivered” into the economy, the central bank takes a cut as their reward for maintaining a low rate of inflation, (translation=low rate of theft), sound money, (translation=worthless paper with pretty ink designs) and maximum employment (translation=77% employed).
If our total economy was $100 million dollars, they would only collect the interest (their cut) on $100 million dollars. As you can imagine, collecting interest on $16 Trillion dollars with firm commitments for $200 Trillion more, is far more lucrative than ANY lower number. Therefore, they must continue increase the debt by any means possible FOR FUCKING EVER!
Anything less than abolishing the central banks of the world means that several more generations will get to experience the the bullshit we are living now. Doing this one thing will solve a mind boggling array of problems with no other effort required. The fact that “they” are willing to kill Presidents to maintain their power shows that they act with impunity. They don’t give a fuck about us and that will never change. They will accept a turning off of the spigot but only if they can get rid of us in the process. I’ll bet the central banking families of the world have multi-generational bets going on which family can rape the world for the most wealth or which family comes up with the most draconian method to extract more wealth from the people WITH their happy consent. (example=DHS, EPA, DOE)
I_S
Well-loved. Like or Dislike:
5 
0
13th February 2013 at 3:03 pm
Novista says:
I_S
How would you feel if you’d been on the FRS case for over 50 years? I found the first Clues at the Library of Congress in 1961, and connecting dots ever since. Telling people what I knew back in the day only gained me a reputation of being eccentric, at the least. Heh. The CT label and tinfoil hattery came later.
Like or Dislike:
3 
0
13th February 2013 at 10:24 pm
jim says:
“With a weakness most culpable, he lent his aid in inundating the country with paper money, which based upon no solid foundation, was sure to fall, sooner or later.”
In reference to ‘John Law’ (sounds like all of the central banks of the world today !)
Like or Dislike:
1 
0
13th February 2013 at 6:08 am
flash says:
Venezuela devalues currency by 46% – And that, ladies and gents of Caracas, is how you just lost 46% of your purchasing power, unless of course your fiat was in gold and silver, which just jumped by about 46%. And, in case there is confusion, this is in process, and coming soon to every “developed world” banana republic near you.
Tyler Durden at zerohedge.com
Like or Dislike:
3 
0
13th February 2013 at 7:06 am
IndenturedServant says:
@Novista, I believe that I’d be a much happier person had I discovered the true nature of our corrupt system that long ago. I’d damn sure be much better prepared by now and in all likelihood, a multimillionaire in PM terms.
I have long suspected that the game was rigged as far back as high school. Maybe earlier. For the next twenty years I probably consumed both a red pill and blue pill each day. My awakening has only happened in the last six years. Although I wish my preps were a bit further along than they are, I don’t function well with a coulda, woulda, shoulda mindset. It is, what it is, and all I can do, and indeed all I have ever done is make the most of what *is*. I tend to look at situations like a giant chess game and I’m always maneuvering to best advantage.
I_S
Like or Dislike:
2 
0
13th February 2013 at 12:43 pm