Our own national experience with hyper-inflation is largely forgotten but it bears remembrance with our current financial situation looming down the road. Fiat currency is a disaster waiting to happen.
In 1860 the wealthiest people in the world lived in the South. Cotton was at all time highs and the coastal rice plantations of South Carolina and Georgia were shipping their product to China. We were financially stable with a gold standard and our agriculture production.
The reason we never hear about this is of course slavery. The college seminaries of New England that espouse their moral superiority can trace their endowments directly to the finances of the slave trade, all the while trying to ignore their own involvement.
The Civil War was fought over money as are all wars. The tariffs were the main source of income for the government. Since the South paid the countries’ bills through the tariff to support nascent northern industry, freeing slaves would mean financial disaster for the South as well as requiring a redesign of our national finances. When secession arrived, even the city of New York initially wanted to secede with the South because of the volume of their investments in slaves and plantations.
The Rothschild Bank in England was also an early financial supporter of the Confederacy. They always fund both sides of a war to be sure to be allowed back in with at least one side after peace arrives. The gold borrowed by the South was rapidly used both in the North and England to purchase supplies needed for the army. Little was left as a medium of exchange for the citizens. This rapidly led to the printing of Confederate paper dollars and bonds to support the country. These dollars were total fiat currency. As things went downhill on the military fronts, hyper-inflation took hold and everyone using this paper currency was wiped out.
Gold became the only acceptable form of payment for both governments. Ironically the US paper greenback was issued at this time as well and inflation surged in the North. Bonds were also issued by the US government and purchased by the NY and London bankers which provided the financial basis for winning the struggle.
The South lost and found that the gold hidden at home had no caloric value. This immediately identified the only universal currency that never loses its’ value, which is of course a Loaf of Bread. Northern bonds came due soon thereafter. There was not enough money in the North to pay these debts. The only source was to tax the South and require the payment in gold not Greenbacks. This stripped the last fungible assets from under the bed in an attempt to save the family farms. People were hungry for a generation. Thus ended our first experiments with fiat currency.
FDR defaulted the dollar by devaluing gold from $27.50 to $35.00 and then confiscated gold by illegal imperial decree in 1933. This has led to total subjugation of our country to the economist clowns and socialism for about 90 years. The results have been abysmal. The comparison of dollar value over these years would be hysterical if not so seriously dangerous to the middle class who create the wealth of the country. There is no further money to extort. We have had a total fiat currency since Nixon floated the dollar in 1971 and it is worth about nine times less today. The savings of the middle class are rapidly disappearing while we are beginning to chase the ultimate currency again. (Where is that bread loaf?)
The politicians of today do not even bother to attempt to balance a budget. Passing a spending bill as a thousand page lump indicates lack of understanding or lack of interest in the citizens they are supposed to represent. There is no other logical end than another default. What will happen when the dollar is refused as payment by an overseas bank?
The world is in the same situation as we find ourselves because the dollar has been the universal currency since 1944. The bankers instinctively run to past dollar safe havens for their investments. There are few who would buy the yuan or rouble for a safe haven. What is their default position today? Usually in past financial meltdown situations a new strong economy was available but there are few options today. Where else is there to go but the safety of a gold coin and a fresh loaf, the valuable universal currency?
The Madame
Gold is a good reserve strategy.
Ammo and nutrition caches are up there with gold.
Possessing valuable skills?
Priceless.
In a TEOTWAWKI situation, water, food, medicine & lead will be the only currency to count for a while and then gold/silver will begin to have value.
I would go with Bic Lighters or fucking matches.
or even regular matches?
gold need not, and probably should not, be the money. the problem with so called fiat currency is that it is ladled with debt and interest to enrich the jewish banksters. gold serves as a flywheel regulating the excess issuance of currency of which there is no problem provided that it is at all times and without restriction fully convertible to gold or silver.
the main problem with gold is that it benefits the elite. the english system of tally sticks is the analogue to paper currency. money is time is labor.
Gold is the elites money. Silver is the people’s money.
Currency is not ladled with debt, it is debt!!! They monetized debt! Just another scheme. Gold is money, currency is not money! There are Definitive differences! Educate your!
I bet that a bottle of Penicillin in five years will be worth more than gold, silver, bullets or most anything else.
Human 1: ” I’ll give you a 1oz. gold coin for your can of spaghettios”
Human 2: ” what am I gonna do with that? fuck off!”
Human 1 shoots human 2 and takes can of spaghettios.
yeah because the human with the spag would never even think to be armed.
Human 2: give me 1oz of silver for a can of spag and if that hand so much as moves towards the gun I’ll unload two barrels of dbl 00 buck in your hide and take all your cans of spag. Then my boys will unload everything they have into any that are still standing.
Amoxicillin is the new Penicillin.
Good stuff.
expiration date?
FDA and DOTMIL study a number of years ago, most drugs are still effective ten years after expiration date. However, insulin, tetracycline, epinephrine and a few things like that are excluded. Do your research.
The military sponsored the study due to the amount of meds they have to store in case of dire need.
Passing a spending bill as a thousand page lump indicates lack of understanding or lack of interest in the citizens they are supposed to represent.
The 1,000 page bill contains giveaways for those who finance the campaign and who also happen to be who is really represented in CONgress. Since voters do not matter, only who counts the ballots matter and they, too are obliged to the people who finance the campaigns. As always Follow the Money!
Many, perhaps most, of the wealthy Southerners (who had gold), fled to Brazil during and after the civil war. Their gold made them nearly oligarchs in their new home. Gold has the big advantage over silver in that you can carry the wealth of a lifetime with you if you have to, or at least enough to start a new life well off.
Come to think of it, Australia had a big influx of wealthy American Southerners at the same time. They are still to this day some of Australia’s biggest landowning agricultural families. In gold I trust!
“Always have enough gold to pay the border guards”
Catgerine Austin Fitts
What is to stop them from just offing you and taking your gold?
I suspect the wits, timing, luck, and bribe location of the gold owner.
Various stash spots. They get new easter eggs as you move out of range.
dont laugh, i had that happen to me. a couple decades of frugal living and saving in gold, robbed officially (and totally illegally) by ‘customs’ agents while making my final trip to move from the city to my home on the backside of a mounatin in the middle of nowhere. a year and a half of expensive lawyers on it and still no results (not holding my breath).
at least i’d built a small house debt-free paying cash as i went along, and own a couple acres free and clear.
Yeah, they have been robbing me blind here, including a payed for house, and $100ks of property. Using abuse of process or no process (i.e. illegally and never going to court), so have plenty of experience with the crooks. I’m in court now counter suing them, because they aren’t content to steal you blind and destroy your house, and steal your land, then they charge you for doing it.
fuckin a! yeah, this ‘asset forfeiture’ bravo sierra…. over on this side of the pond in the EUSSR they dont even need a fancy name for it, they just take what they like and make it clear they expect you should feel thankful they didnt disappear you in the process.
all the best of luck getting anything back but i imagine you have just about as much prognosis for seeing justice as i do, i.e. bollocks.
Whatever happened to all the bravado talk about, They’ll never get my guns. So stealing your wealth, property, dragging you thru THEIR legal system to further rob you of any remaining wealth paying for your ‘legal; defense is OK?? You resist by complying ?
Hard to resist when you are not there (the first time they showed up I was there, but because I wasn’t expecting them to come steal everything that wasn’t nailed down, I was not prepared to fend off 50 people. Good way to get your family dead too).
It isn’t costing me anything to counter sue, as I’m doing it pro se and there is the possibility I could win, though collecting is another matter, and they would likely appeal (with unlimited resources of government). Doing pro se is also good experience. I have learned a lot. What kind of power is it to be able to hold them accountable without going bankrupt in the process?
Unfortunately, I wasted a lot of time after our first lawyer died (finding a good layer at all isn’t an easy task. one indication is they will work by contract for a set fee and they won’t charge you for consultation or nickel dime you / charge by the hour) spending to much time and money on one who should have admitted up front that he was not skilled enough to help us, or we could have avoided a lot of this.
Knowing the law IS a survival necessity that the vast majority neglect. I have been studying it for most my life, as I was around people growing up that talked about the law, and have made that some effort to hone that skill, which has served me well on many occasions (and while I have as yet been able to convince any of my daughters to become a lawyer, the two oldest have had some interest in reading the law).
It is funny as I have been saying for decades now that “knowing the law is a survival skill,” and I ran across this old early 1900s correspondence book set course on business and one of them was on law, and I opened the one on law when I first saw them, and the first thing I read was that exact same quote above of mine word for word.
Most people knows the quote by Franklin “if you can keep it,” but there was allegedly more to the quote, to wit “and every man knows the law.”
It also in their minds makes you a hard target. We had a lawyer for example they respected / feared (even though I was the one that taught him the law on the issues, and remedy under title 42 section 1983. And even more interesting after that he started advertising as a civil right lawyer, and soon retired, which before that he was struggling to do), and as soon as he died, it wasn’t a week after they came out and robbed us again. They didn’t respect me, but they did a lawyer.
They hated the idea of going to court because then I could have made them prove their cause of action. Instead they abused police powers granted to them that they could abuse process, by being purposely vague, without going into court.
“Not complying” (or not defending in court) means you are still going to owe for losing the court case, and then they can collect even more on that, such as putting a lean on any property you own still or out right taking property administratively if it isn’t exempt.
We should all have a close relationship with a lawyer, at the very least.
Do you know one of the differences between rich people and poor? Rich people have close relationships with good lawyers and so much the better if they are family.
“More money has been stolen with the point of a pen than at the point of a gun” -Warren Buffett.
amen to that!
in my misadventure i’m stuck depending on lawyers in a third country, neither where i lived for so long, nor in my own country, and all proceedings etc are in a language which i , before the unfortunate encounter, never really knew more than say a dozen or two words of and never had anything to do with them.. i’ve taught myself some rudiments of at least reading/understanding their language, but i am dependent on lawyers there. even worse, i’m stuck depending on lawyers who speak a language i can understand (which is of course english by default)
of course these matters sit with zero developments for months at a time and then some flurry of activity of filing documents or motions etc, which certainly means lots of billable hours. i dont imagine many lawyers would take a case like this for a fixed sum when the timeline and amount of work is open-ended.
pro-se representation is kind of nonexistent in europe.
Years back, up in the german speaking country, i went through a divorce. that was an adversarial experience, to put it nicely. There, i knew basic german well enough (though the language of the office and my work was always english there too!) and quickly expanded my understanding spending long hours in the library reading law books and legal commentaries, and i saved myself a shitload of money having found a good lawyer who was happy to have a client who bothered learning the details himself- i prepared and translated hundreds of pages of documentation and records myself instead of paying the lawyers to do it, and worked well with him to make sure we made the case crystal clear. he was glad to have a sane and rational case to plead with good documentation for things, and i was glad to save as much as possible on his bill. a divorce is never really something one wants to go through but at least in my case after the ex made a total fool of herself with irrational demands and false accusations, the court ended up giving her the barest minimum according to the law and rejecting every other demand of hers, and even fined her heavily , for somethign analogous to contempt of court, for basically pissing off the judge with her antics (she refused to come to a hearing once, we actually called her on speakerphone from in the courtroom and she heard my voice, acknowledged who she was when answering and then threw a tantrum, the judge heard it all and moved the hearing to ‘written arguments’ and fined her a heavy sum!)
having a good lawyer and knowing the law yourself are BOTH important, essential in the society we live in today!!
here in europe, they took away the guns a couple generations ago. I was working for a decade and a half up in a prosperous, relatively free, german-speaking country, saving up and building a house and couple acres back in my village in my own country, because, when TSHTF, one does not want to be the odd man out in a small rural community, no matter how nice or friendly you are, you will be the first target to be stolen from, expropriated, blamed, suspected, or flat out eaten if it comes to that. so, staying for the long haul in said german-speaking country was not a realistic plan, however nice it was to live there. figuring i was already pushing it staying up there so long i made the final move down to our ancestral village and on the way had to pass through another country.. and they were the fuckers who robbed me of everything. nevermind all the toilet-paper-value treaties about free movement, etc, all BS when they want to shake you down that all gets forgotten.
Here in our village, no, we arent armed to the teeth (and boy do i wish we were, but thats just a daydream!) but we are out in the ass end of nowhere, everyone knows everyone (hell, most of them are cousins, marriages tend to be outside the village simply because almost everyone in the village is in one of a half-dozen closely related clans) and you could well apply the term ‘irish democracy’ to the way things are done day-to-day down here.
as for pouring scarce remaining money into legal battles in a third country against a system specifically designed to fuck the little guy? well, what would you do, just totally abandon the matter and just let them keep everything without even a whimper? or do you imagine some kind of movie style commando raid to wax a whole garrisson of goons and recover your stolen property? that’d make a great movie scene but it’s not very realistic!
would you tell your kids tomorrow, sorry kiddos, i used to even think i was rich, but you aint inheriting a cent of that because i got it robbed from me years back, but you know what? i just tucked tail and let them keep it without even saying anything about it? or tell them, at least i tried to get it back?
Why would you go thru a border check point?? In a word, that’d be stupid.
Back molars. *glint*
Ima getz ur Gold Bithchezz!
When CBDCs hit ammo/guns will no longer be permitted.
Stock up now.
“by devaluing gold from $27.50 to $35.00 and then confiscated gold by illegal imperial decree in 1933.”
Only 22% turned their gold in – in 33…FDR just choked all the puppies…
Gold confiscation went on 3 times in U.S. history,
Throughout the War of 1812 (dollar was revalued in the 1834 through Coinage Act)
The civil war (1861)
The Great Depression.
It was estimated that 50% of the gold in private citizen’s hands was collected by FDR. The rest was either buried or illegally sent out of the country.
An estimated 500 tons of gold were taken over as a result of this Executive Order. Executive Order 6102 made it illegitimate for Americans to possess gold. (RCW Financial, 2012).
This 50% came from 22% of the choked puppies.
“not 27.50, it was 20.67 an ounce before.”
…Thank You, i’ve learned…
a) to appreciate ‘Concise’, re: Price point. Take Your word for it. Characteristic of Yours.
b) NO Such thing as “Too much information”.
c) some other salient point that eye Kant remember? Sequence of Events.
1)Thought that the price was ‘whateva’
2)
Theft, Confiscation“For the Common Good!” occurred.3) Prices dramatically then ‘levitated’. Overnight.
not 27.50, it was 20.67 an ounce before.
paying attention to detail is especially important for us trying to spread the truth to people- those swimming in lies dont care about a few more falsehoods but we really ought to be careful to get some basic facts right.
You make take my guns, food and money…but first you’ll have to take my life.
Gold is the best hedge you will ever own, if you have it in your hand you own it. It will pay your inflated property tax, it will buy you ammo, food, medical assistance, fuel etc. Gold and silver will give you a much better chance of surviving, keep it under your hat as to what you have. Never talk about what you have, not now, not ever. learn to be invisible and silent.
You seem like a smart customer. Come on down, browse. We have a hole punch to make change.
OK, now how about this. There is no food, no ammo, no medicine, no fuel. What will the gold buy?
gold is the best money- but when there’s no functioning society and market, then no money is any use. it is good to be optimistic that some kind of civilization will emerge again, and once that happens, gold will again be the best money. in the meanwhile, it’s gonna be beans, rice, and ammo.
VOWG,
Gold is also only for wealth…if you have no wealth (extra money after all the other necessities are secured) putting money into it would be foolish.
Silver however is for small purchases and barter, especially Constitutional Silver (Pre-1964). Having some of it will be wise…but once again after all the other necessities are secured.
Some of us (especially us older farts like me and BL) have been following both metals for many decades and have bought during major dips.
Right now Silver is not only the best buy of both, it also will have the most upside post TSHTF.
But, as always the essentials for life must come first.
Plus, every individual is in their own unique situation and that has many factors that does not translate into a one strategy fits all.
mark,
I kid you not, this is a comment on Amazon about Red Feather…
”
Question:
“i bought a can but cant open it using a battery operated opener which works on everything else. any ideas?”
Just for funnies, it is also rated “Halal”.
Machinist,
HA!
I’m glad I put it away…the price has skyrocketed over the years.
Also have lots of freeze dried butter as well.
My neighbor has 34 acres fenced in (has horses) but we have talked about splitting cows and cattle one day…I would share from my orchard and gardens…and we could make our own butter.
Mmmmm. I’ll have a slice of apple pie with a slice of cheddar.
Plan B: beans, beer, buckshot, bullion, buttwipe, bushcraft, and (I guess) bread. Brains help, too.
Burbon.
I like your Bs but still prefer the 5 Gs: in order, God, guts, Guns, groceries, gold.
some other strategic metals to keep in mind are lead, copper, and steel. they tend to increase the longevity of one’s gold and bread holdings.
Oh they understand what they are doing, rest assured. They are laundering the wealth back to themselves. Its called THEFT and they are openly rubbing it in your face knowing full well you will do NOTHING about it, except whine and then pay up.
Skill & Ability.
Gold is not a currency!!! It is MONEY! There are definitive differences. Currency is NOT money! Educate yourself!