BULLISH or BEARISH?

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24 Comments
Iconoclast421
Iconoclast421
July 12, 2019 9:57 am

The price of bitcoin is solely dependent on central bank printing. One man’s opinion or any man’s opinion on it is irrelevant.

Donkey Balls
Donkey Balls
  Iconoclast421
July 12, 2019 11:49 am

What? What did central banking do to rank it and then recently make it explode higher? Rates?

Anonymous
Anonymous
July 12, 2019 9:57 am

Isn’t all money based on hot air ? I mean thin air, unless its gold or silver, or backed by some other valuable asset ? I know they print money out of thin air.

James the Deplorable Wanderer
James the Deplorable Wanderer
  Anonymous
July 12, 2019 8:39 pm

The terms used are important. “Money” has five characteristics as defined by (Aristotle?): among them are uniformity, divisibility, utility and so on. You can look it up. According to Aristotle, gold and silver have the characteristics of money.
“Currency” is whatever the government says it is: printed slips of paper, checks, digital ones and zeros. It’s worth is whatever the government says it is – until it fails confidence, the trust of people that it will serve them and be convertible into goods, real estate, whatever.
Learn what these terms really mean, and act accordingly.

Hollow man
Hollow man
July 12, 2019 10:24 am

And the dollar is based on hot air from politicians and big money banks. Wow I feel so much better about that

Donkey Balls
Donkey Balls
  Hollow man
July 12, 2019 11:50 am

Control is what matters. Wasn’t it illegal to possess gold at one time?

Anonymous
Anonymous
  Donkey Balls
July 12, 2019 1:20 pm

Mark could probably weigh in on the specifics of that, DB.

But, yeah FDR did, when it still cost 20 bucks to buy a 1oz. coin.
Then, he turned around and revalued the peg to $35, thereby increasing the U.S. Government’s solvency, backed by the stores in Ft. Knox, and the general numismatic gold that the law abiding public turned in.
The only exemptions were rare gold coins, but I’m not certain what gold coins met the ‘rare’ standard, and which ones didn’t qualify.
Not all complied with the executive order, so some mint state St. Gaudens, slabbed, currently fetch a higher premium than gold Eagle coins and Buffalos of recent mintage.

It’s surmised that what was banned and collected by FDR administration was melted down, into larger bars.

Could it get banned again?
Anything’s possible, but there are ways around that risk.

A good, trustworthy offshore vault, in partnership with a reputable gold bullion broker.

If that’s too risky in someone’s opinion, there’s always midnight gardening.

The key is securing possession of physical metals, vs. ETFs and other paper claims, which are to be avoided.
Because currently, in this manipulated market, the ratio of paper claims to physical metals available is at least 80:1;
perhaps even higher.
And Silver is a story in that regard, too.

Poor man’s gold, is the bargain of the century, IMHO, and is the answer to ‘How would a merchant make change, for a $2k gold coin, if they’d take it, as payment for $200 worth of groceries, if fiat money goes hyperinflation?’

One more notable.
Why are world central banks, led by China and Russia stockpiling vast amounts of physical gold?
Interestingly, these 2 countries and a few more despise the U.S. based SWIFT system, not wanting to be forced to transact in the risky $USD?

Ghaddafi was trying to implement gold and silver dinars, in Lybian monetary policy, and we know what happened to him.

Research the quote by Rothschild, about not caring a country’s government, if he can control their money.

Who owns most of the central banks around the world?

But not Russia’s or China’s.

Mark?

Constitutional Cong
Constitutional Cong
  Anonymous
July 13, 2019 12:13 am

Guys,

Here is the time line facts on (up until then) the greatest shakedown mugging of the American Sheeple in American history:

May 1, 1933 – President Roosevelt’s Executive Order 6102 required U.S. citizens to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 per troy ounce. Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of the order was punishable by fine up to $10,000 ($167,700 if adjusted for inflation as of 2010) or up to ten years in prison, or both. An exception to the order was listed in section 2 (b) “Gold coin and gold certificates in an amount not exceeding in the aggregate $100 belonging to any one person; and gold coins having a recognized special value to collectors of rare and unusual coins.”

Jan 30, 1934 — The Gold Reserve Act of January 30, 1934 required that all gold and gold certificates held by the Federal Reserve be surrendered and vested in the sole title of the United States Department of the Treasury and changed the value of the dollar in gold from $20.67 to $35 per ounce.

1954 – In 1954 the Treasury Department amended the Gold Regulations of the original Executive Order to enable the continuance of the exemption of rare coins from the gold confiscation provisions, and they expanded the definition of “coins” with a recognized special value to collectors of rare and unusual coins to include “gold coin made prior to April 5th, 1933 (Federal Register 4309, 4312 1954, as codified in 31 CFR Section 54.20)

Aug 15, 1971 – The price of gold remained fixed from Jan 30, 1934 until August 15, 1971, when President Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus abandoning the gold standard for foreign exchange.

Dec 31, 1974 – On December 31, 1974, with Executive Order 11825, President Gerald Ford repealed the Executive Order that Roosevelt used to call in gold in 1933. This was necessary because on the same day Congress restored Americans’ right to own gold. The limitation on gold ownership in the U.S. was repealed after President Ford signed a bill legalizing private ownership of gold coins, bars and certificates by an act of Congress codified in Pub. L 93-373 which went into effect December 31, 1974. P.L. 93-373 did not repeal the Gold Repeal Joint Resolution, which made unlawful any contracts that specified payment in a fixed amount of money or a fixed amount of gold. That is, contracts remained unenforceable if they used gold monetarily rather than as a commodity of trade.

Oct 28, 1977 – 1977 Congress removed the president’s authority to regulate gold transactions during a period of national emergency other than war. However, the Act of Oct. 28, 1977, Pub. L. No. 95-147, § 4(c), 91 Stat. 1227, 1229 (originally codified at 31 U.S.C. § 463 note, recodified as amended at 31 U.S.C. § 5118(d)(2)) amended the 1933 Joint Resolution and made it clear that parties could again include so-called gold clauses in contracts formed after 1977.

Dec 17, 1985 – President Reagan signed into law the Gold Bullion Coin act which allowed the US Mint to produce gold coins from “newly mined domestic sources”. Gold American Eagles went on to become one of the most well-known gold coins.

Gold Confiscation in the Future…So the question remains; could it happen again? Who knows? Of course it is possible; it has been done before and governments in times of stress simply change the laws. As you can see above, gold bullion was forced to be sold to the government in 1933. Then in 1974, that executive order was repealed. Furthermore, in 1977, Congress removed the president’s authority to regulate gold except during a national emergency of war.

It is true that numismatic collector type coins were excluded in the 1933 confiscation. Whether or not they will again be excluded in any future confiscation is completely unknown. There is a logical thought process for excluding collector coins, in that the government was trying to obtain monetary control of gold bullion. The government had no interest in rare and unusual coins of special value to collectors. However, what the government has done in the past is not necessarily indicative of what they will do in the future.

Bottom line – Confiscation did happen. It was repealed, but it could happen again in the future. Laws can and do change.

End of time line facts.

I’m personally not a ‘numismatic collector’ but that could be a partial hedge, it is a viable strategy if you have both the inclination and the currency for numismatic Gold. Many people love them. I have had the currency but never the inclination. I’m not knocking having some numismatics…but that’s just not for me. I just own various forms of real money (Gold & Silver) for a host of reasons: better then Ambien for sleep, my family legacy, the Great Reset, the dollar losing Reserve Currency status, SHTF, 4th Turning, Tribulation, did I say Great Reset, the yada, yada, yada reasons are significant.

Now, this line from above worries me: “Congress removed the president’s authority to regulate gold except during a national emergency of war.”

Is there going to be more wars (and rumors of wars)…of course, but this isn’t 1933 (and plenty of people didn’t turn their Gold in – in 33 and got away with it) and I’m banking (couldn’t resist the pun) on not only ‘literally fighting’ possible gun confiscation…I’m prepared to ‘literally fight’ both gun and wealth confiscation. Shit, the government coming for either my guns or my PMs (or both) could save me from one day ending up in a frigg’in nursing home. (I’m also an optimist).

That’s my two American Eagles (and a lot of FDR dimes for daily purchases in the coming shitstorms) one Gold and one Silver.
mark

http://www.alt-market.com/articles/3838-the-world-acquires-more-gold-while-china-is-dumping-us-treasuries

Don’t read this one before bed…get some rest…

http://www.alt-market.com/articles/3840-the-corrupt-system-will-never-police-itself

Anonymous
Anonymous
  Constitutional Cong
July 13, 2019 4:50 am

Excellent!

Lars Emilsson
Lars Emilsson
  Anonymous
July 13, 2019 12:33 am

“Who owns most of the central banks around the world?
But not Russia’s or China’s.”

Mark, their central banks may not be directly owned by the Rothchild cabal – I don’t know – but are they actually free from the NWO’s tentacles of control?

Putin actively seeks more influence with the IMF for various purposes, and Xi Jinping (Sp?) sought to have the IMF include the Renminbi in the basket of currencies which the IMF uses for its SDR (Special Drawing Rights) which, in turn, function as a kind of interim global currency for limited uses.

My understanding is that only Iran’s and North Korea’s central banks remain, at least for now, somewhat beyond the reach of the Rothchild cartel.

Personally, I wish Russia were entirely free of jewish financial chicanery, but I fear most of the ((oligarchs)) there are still a powerful force that Putin is forced to reckon with.

mark
mark
  Lars Emilsson
July 13, 2019 1:03 am

Lars,

I think you can add in Cuba and it appears to me you could be right about the Bear and the Dragon.

I pour over Brandon Smith’s writing as he seems to me to be the most accurate, plus I relate to his defiance…however, that is a horrific reality if true.

Complete List of BANKS Owned or Controlled by the Rothschild Family
http://humansarefree.com/2013/11/complete-list-of-banks-ownedcontrolled.html

Only 3 countries left w/o ROTHSCHILD Central Bank!
http://fourwinds10.com/siterun_data/government/banking_and_taxation_irs_and_insurance/social_security/news.php?q=1320062234

Anonymous
Anonymous
  Donkey Balls
July 13, 2019 4:45 am

Yes, it was. The beloved FDR progressive did that to the depression era people in the 1930s.

motley
motley
July 12, 2019 11:58 am

This guy is just doing/saying what his and our overlords instruct. Waking up to reality is somewhat disappointing. But … I would rather know the truth than not.

22winmag - Yankee by birth - Southerner by choice
22winmag - Yankee by birth - Southerner by choice
July 12, 2019 12:47 pm

Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….

Perfect for governments and intelligence agencies, you ORANGE FUCK.

BL
BL

22- You forgot mafia money laundering……..

22winmag - Yankee by birth - Southerner by choice
22winmag - Yankee by birth - Southerner by choice
  BL
July 12, 2019 3:54 pm

I’ll take regular mafia over .gov mafia any day!

Anonymous
Anonymous
  BL
July 12, 2019 6:42 pm

Who benefits from regular money laundering, but fails to benefit from cryptocurrencies being used in the same fashion?

mark
mark
  Anonymous
July 13, 2019 10:10 am

Answer: The CIA, the Mafia and the Vatican…

The demonic three cord strand of international evil, drug addiction, murder, mayhem, death and destruction.

john prokovich
john prokovich
July 12, 2019 2:22 pm

Go for Gold and/or Silver………….real money.

motley
motley
July 12, 2019 3:25 pm

For those who want to know …. corporate america is RAPING the stock market of any future value. It is being drained of all future value via share buy-backs. Trump’s recent corporate tax cuts mean corporations pay little if no tax. And what amount of those tax cuts flowed to employees? At last count … about 4.00% Other shenanigans involve pawning stock off on the ETFs which retail investors can’t seem to get enough of. Its a huge orgy of grifting securities higher … for the moment. Mark my words … at some point the shit will hit the fan ….and we will all witness the intrinsic value left in the stock market. It won’t be much. Trump is playing his role in the destruction of America.

TC
TC
July 12, 2019 4:06 pm

Is Trump talking about crypto or the dollar? Speaking of which, the dollar tried breaking back over its recent downtrend this week, but got bitch slapped back into the bearish pattern. The loonie, aussie, yen and even bitcoin all have better looking charts than the dollar right now.

bigfoot
bigfoot
July 12, 2019 5:31 pm

Bullish! Nothing gets attention like Trump’s tweets . Attention of any sort is good for cryptos. I love the “thin air” comment. I mean at this stage in the massacre of economic value in all things governed, who is left who has not heard of the 95% plus drop in purchasing power of the Federal Reserve Note since its appearance in 1913? Only idiots while the rest when they hear “thin air” can be certain Trump is making a point. One finger pointing out and three fingers pointing back. “Eschew obfuscation.” The dollar is burning and you will be using it to light your cigars when your cryptos supplant the current means of exchange.

James the Deplorable Wanderer
James the Deplorable Wanderer
  bigfoot
July 12, 2019 8:43 pm

And when the grid fails and all cryptocurrencies go to zero we can all go back to gold coins – or sea shells, or gallons of oil or whatever.
Notice – they are “cryptocurrencies” NOT “cryptomonies” – and will share the same fate as paper money, sooner or later. You cannot plate computer contacts with Bitcoins – nor make them into a cup, a corrosion-resistant coating or anything else worthwhile intrinsically. They will fail along with the other currencies, when the time comes for them.

Anonymous
Anonymous
July 13, 2019 4:43 am

The quote from Mr. Orange Man sounds like he is speaking about the US dollar. Fiat US currency is sham.

Bitcoin (bit con) is not different – it just has a different set of ‘masters who could manipulate it – or any crypto currency.

I do like Cryptos a- as i like cash – to keep the alphabet soup of US spy agencies out of my financial business.

Notice how Trumpy always ties cash and cryptos to illegal activity. THAT’S OUR ILL-INFORMED CONSERVATIVE, MIDDLE CLASS WARRIOR FOR YOU! TOTALLY STUPID OR MISGUIDED BY THE SWAMP, probably both.