tagged w/ Gold
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“I, David P Shirk, do solemnly swear that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States and the orders of the officers appointed over me, according to regulations and the Uniform Code of Military Justice. So help me God.” – August 8, 1998.
If there is one regret I have had in my lifetime, it was the utterance of those words. My intentions were good, after all, I wanted to protect people and serve them – just as so many I knew and respected who came before me. What I didn’t know at the time was my countries history (great job public school system), and the full actions taken by the government since its founding.
Before 9-11, I started seeing my job as having no real point. I was good at it to be sure, but could not see its use. We were not under attack, and the US seemed to be doing okay without using us. Then 9-11 happened, and everything changed. At first, I was eager to find the people responsible, and go earn my pay. Thank goodness my name was never called up for the task. I never would have thought at the time that the attack on the towers was the result of foreign meddling for the better part of 50 years.
Yet that one event set off a red flag in my head, and it was during that time tha.......
http://peacefreedomprosperity.com/5734/oathbreaker/“I, David P Shirk, do solemnly swear that I will support and defend the... more
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October 7th 2011 will mark the 10 year anniversary of the war in the Middle East. This 10 years of war, has gone on for far too long.
War has a heavy cost, a heavy cost that we don’t think about in our daily busy lives. That cost is your children or your grandchildren dying before their time, being severely injured or mentally scarred for life.
War is your brothers and sisters being taught to kill other people — and to hate people who are just like themselves and who don’t want to kill anyone either.
War is your children seeing their friends killed before their very eyes or seeing their limbs blown off their bodies.
War is genocide; it is hundreds of thousands of human beings dying years before their time.
War is millions of people separated forever from their loved ones.
War is the destruction of homes which people worked for.
War is the end of careers that meant as much to others as your career means to you.
You cannot put a cost on a human life, but the financial cost on war is now running into the trillions of dollars. As illustrated by Cost Of War Dot Com.
War is the imposition of heavy taxes on you, other Americans, and on people in other countries — taxes that remain long after the war is over.
War is the suppression of free speech and the jailing of people who criticize the government.
War is the imposition of slavery when young men and women serve in the military.
War is goading the public to hate foreign people and races.
It is time to end the war and bring the troops home.
If you like the majority of Americans want to end the bombing and occupation of the Middle East.
Visit http://www.AntiWar.com, or Call Angela at: 1-323-512-7095
http://peacefreedomprosperity.com/5719/10-years-in-the-middle-east-is-far-too-long-antiwar/October 7th 2011 will mark the 10 year anniversary of the war in the Middle East.... more
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"It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something." - Franklin D. Roosevelt
"Remember, remember always that all of us, and you and I especially, are descended from immigrants and revolutionists" - Franklin D. Roosevelt"It is common sense to take a method and try it. If it fails, admit it frankly... more
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"The difference between a democracy and a dictatorship is that in a democracy you vote first and take orders later; in a dictatorship you don't have to waste your time voting." - Charles Bukowski
Original: 36"h x 36"w ink on Acrylic Skin: $648"The difference between a democracy and a dictatorship is that in a democracy you... more
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Methodology – a set or system of methods, principles, and rules for regulating a given discipline; the underlying principles and rules of organization of a philosophical system or inquiry procedure; a branch of pedagogics dealing with analysis and evaluation of subjects to be taught and of the methods of teaching them.
Policy – a definite course of action adopted for the sake of expediency, facility, etc; a course of action adopted and pursued by a government, ruler, political party, etc.; action or procedure conforming to or considered with reference to prudence or expediency.
In the army, training doctrine is drawn and taught with a methodology that is set forth as a policy. On the most basic of levels, it is slimmed down and simple. This is not because it assumes a new recruit is stupid. It is done because in order for a large body of people to act in a coordinated and efficient manner, the more synchronized they have to be. The only way to do this, is to teach all recruits the basics, and grind them so far in that what is learned becomes almost as natural as breathing. You are taught to obey, not to question. This is on the premise that th....
http://peacefreedomprosperity.com/5642/the-failed-policy-called-government/Methodology – a set or system of methods, principles, and rules for regulating a... more
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Wondering why gold at $1850 is cheap, or why gold at double that price will also be cheap, or frankly at any price? Because, as the following leaked cable explains, gold is, to China at least, nothing but the opportunity cost of destroying the dollar's reserve status. Putting that into dollar terms is, therefore, impractical at best, and illogical at worst. We have a suspicion that the following cable from the US embassy in China is about to go not viral but very much global, and prompt all those mutual fund managers who are on the golden sidelines to dip a toe in the 24 karat pool. The only thing that matters from China's perspective is that "suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar's role as the international reserve currency. China's increased gold reserves will thus act as a model and lead other countries towards reserving more gold. Large gold reserves are also beneficial in promoting the internationalization of the RMB." Now, what would happen if mutual and pension funds finally comprehend they are massively underinvested in the one asset which China is without a trace of doubt massively accumulating behind the scenes is nothing short of a worldwide scramble, not so much for paper, but every last ounce of physical gold...
From Wikileaks:
3. CHINA'S GOLD RESERVES
"China increases its gold reserves in order to kill two birds with one stone"
"The China Radio International sponsored newspaper World News Journal (Shijie Xinwenbao)(04/28): "According to China's National Foreign Exchanges Administration China 's gold reserves have recently increased. Currently, the majority of its gold reserves have been located in the U.S. and European countries. The U.S. and Europe have always suppressed the rising price of gold. They intend to weaken gold's function as an international reserve currency. They don't want to see other countries turning to gold reserves instead of the U.S. dollar or Euro. Therefore, suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar's role as the international reserve currency. China's increased gold reserves will thus act as a model and lead other countries towards reserving more gold. Large gold reserves are also beneficial in promoting the internationalization of the RMB."
Perhaps now is a good time to remind readers what will happen if and when America's always behind the curve mutual and pension fund managers finally comprehend that they are massively underinvested in the one best performing asset class.
From The Driver for Gold You’re Not Watching (via Casey Research)
You already know the basic reasons for owning gold – currency protection, inflation hedge, store of value, calamity insurance – many of which are becoming clichés even in mainstream articles. Throw in the supply and demand imbalance, and you’ve got the basic arguments for why one should hold gold for the foreseeable future.
All of these factors remain very bullish, in spite of gold’s 450% rise over the past 10 years. No, it’s not too late to buy, especially if you don’t own a meaningful amount; and yes, I’m convinced the price is headed much higher, regardless of the corrections we’ll inevitably see. Each of the aforementioned catalysts will force gold’s price higher and higher in the years ahead, especially the currency issues.
But there’s another driver of the price that escapes many gold watchers and certainly the mainstream media. And I’m convinced that once this sleeping giant wakes, it could ignite the gold market like nothing we’ve ever seen.
The fund management industry handles the bulk of the world’s wealth. These institutions include insurance companies, hedge funds, mutual funds, sovereign wealth funds, etc. But the elephant in the room is pension funds. These are institutions that provide retirement income, both public and private.
Global pension assets are estimated to be – drum roll, please – $31.1 trillion. No, that is not a misprint. It is more than twice the size of last year’s GDP in the U.S. ($14.7 trillion).
We know a few hedge fund managers have invested in gold, like John Paulson, David Einhorn, Jean-Marie Eveillard. There are close to twenty mutual funds devoted to gold and precious metals. Lots of gold and silver bugs have been buying.
So, what about pension funds?
http://www.zerohedge.com/news/wikileaks-discloses-reasons-behind-chinas-shadow-gold-buying-spreeWondering why gold at $1850 is cheap, or why gold at double that price will also be... more
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Dagum
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9 months ago
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New York - How can you make some quick gains in a slow economy? The smart money on Wall Street is flowing out of gold and Into sand, according to a random survey of top investment analysts.
"Sand is a steal compared to other commodities," said Roger Dilly, Chief Price Adjuster of the Sand and Gravel Institute.
"Gold is toying with the $2,000 an ounce benchmark, but you can still buy a ton of virgin sifted sand for just $5.75."
Commodities trader Brace Jenkins pointed out that sand is one of the most versatile materials known to science, as well is being a public safety essential.
"When the hurricane hit, they weren't filling up those burlap bags with gold or platinum or silver," he said. "People trusted their lives to sand."
Even technology analysts are enthused with the granular substance. "You can't have computers without silicon. And you can't have silicon without sand," said Jason Hoffer, the high-tech high priest at Casino Commodities. "That's right. Steve Jobs and Bill Gates were essentially sand salesman. Live with it."
Sand's status as a luxury item is also growing. A recent study by the No Trespassing Group Of Luxury Resorts asked a sampling of upscale travelers what their favorite beach material is. A total of 56% chose sand over such alternatives as crushed rock, pebbles and recycled medical waste.
"Best of all, sand is the main ingredient of glass," said the Sand and Gravel Institute's Dilly. "That makes it the most transparent investment that money can buy."
Dilly advised investors to bring back a few buckets of sand every time they go to the beach. "It's like building a sand castle for your retirement," he said. "And if things really get tough, there's nothing better than burying your head in the sand."New York - How can you make some quick gains in a slow economy? The smart money on... more
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More speculation has been raised on the reasons for NATO's intervention in Libya. As RT's Laura Emmett reports, the organisation may have been trying to prevent Gaddafi from burying the American buck...
http://www.youtube.com/watch?v=GuqZfaj34ncMore speculation has been raised on the reasons for NATO's intervention in Libya.... more
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"Action is the foundational key to all success." - Pablo Picasso
"All children are artists. The problem is how to remain an artist once he grows up." - Pablo Picasso
"Are we to paint what's on the face, what's inside the face, or what's behind it?" - Pablo Picasso
Original: 36"h x 36"w ink on Acrylic Skin: $648"Action is the foundational key to all success." - Pablo Picasso... more
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Humanitarian crisis my ass. This "kinetic military action" is for the usual: power, control, natural resources, and GOLD.
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Following a 6 month stalemate in which neither side had attained any advantage, it suddenly took just a few days for the Libyan rebel forces to steamroll unopposed into Tripoli. While we are confident that the political aftermath of this outcome will be very much comparable to what is happening in Egypt right now, many wonder why it is that the Libyan situation has progressed with such speed. Perhaps the answer can be found in the 143.8 tons of gold held by the Libyan Central Bank.
Granted it is nowhere near close the 366 tons of gold that Venezuela supposedly has per the WGC, most of it likely held offshore and not being repatriated, the question of where the global gold cartel may find some of the much needed physical to satisfy Chavez' demands has been now answered. Of course we assume that said gold has not already departed Libya in direction Caracas over the past 6 months. Which, in retrospect, we probably should, as it would explain why gold is now at $1875 and rapidly rising.Humanitarian crisis my ass. This "kinetic military action" is for the usual:... more
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"The accumulation of numbers always augments in some measure moral corruptions, and the consequences to health of the various vices incident thereto, are well known." - William Falconer
"The ecclesiastical establishments of Europe which serve to support tyrannical governments are not the Christian religion but abuses and corruptions of it." - Noah Webster
Original: 36"h x 36"w ink on Acrylic Skin: $648"The accumulation of numbers always augments in some measure moral corruptions,... more
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The price of gold has crossed $1,900 per ounce mark for the first time on growing concerns about a slowdown in the global economy.
Link : http://www.bbc.co.uk/news/business-14625918The price of gold has crossed $1,900 per ounce mark for the first time on growing... more
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sitsi
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added this
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9 months ago
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Whoever would have thought in the 1980’s that a free market capitalist and a KGB agent would have arrived at the same conclusion being from opposite views and backgrounds? When I was pinging emails back and forth with Igor Panarin, I was attempting to find out more details on how he predicted the collapse of the U.S. Empire in 2012 – a stance he took as a KGB agent in the 80’s. What I found most interesting was that his claim was based largely on our economic policy combined with our foreign policy.
He mentioned that it was during the 80’s that the loss of economic power in Russia was realized due to the centralized monetary policy, and foreign policy of Russia. While Panarin is definitely no fan of free market capitalism (a fact he makes plain in his writings and speeches), he at the very least made it clear that a nation that employs a centralized monetary policy in the hands of private banks, will always carry negative impact to the host nation. And for the record, the free market capitalist was a much younger Ron Paul (and yes, they laughed at him then to).
One primary reason for this is that the banks that control the economic policies of the host nation have no real loyalty to that nation – their one goal will only be to bleed it dry before moving onto the next up and coming nation.
It always starts the same way. The banking board will assume control of the nation’s money policy claiming that they will both provide stability to its currency, and maintain a stable market atmosphere. Typically the nation that allows this has a good supply of gold. The banking board (in our case the Federal Reserve), will start out by basing the value of the nation’s currency off of the supply of gold it has (being that gold is the most highly valued of all common commodities). This is the beginning of what is known as a specie backed currency.
Over the following decade(s) of its implementation, the central banks realize that they will not be able to make much more profit should the fiat currency remain based on a set amount of specie. After all, specie itself is rare, and not easy to come by. So they tout to the host nation that for its lending to expand (and thus produce growth) to a meaningful extent, that a new economic policy must be adopted. The only way for the central board to maintain its hard valued income, is to use fractional reserve banking. This means that it no longer lends out only the money it has, but adds more money to the books, and only requires that the branch banks have 10% in reserve. Put even more simply, it means that for a branch bank to get 10,000 dollars to lend, it only needs 1,000 in its reserves.
Most people never even bother to think about this, and then wonder why this technique faces so much opposition. After all, they are told that the central banks allow for lending needed for economic growth. They are told that with this system, companies and individuals alike may borrow money, and use it to invest in a potential increase in productivity. Indeed having such available credit with little money down seems like a dream come true. Increasing the false feeling of prosperity is the rapid expansion that follows – usually due to a new technology or booming market sector. Thus people accept it as being the perfect system that allows a people to live civilly and comfortably at the same time. When this mindset is adopted, the damage starts and never ceases – here’s why.
People overlook the fact that in such an economic scenario, that the money lent out does not physically exist – and is nothing more than some entries on a ledger. These entries are not available for public view, and are only able to be tracked on the website as to the money supply in general. It is important to note that the amount of currency printed differs greatly from the money supply on the books. Our Federal Reserve is the perfect example of this full scenario.
Over this time, the host nations gold supply dwindles to a fraction of what it once was. War expenditures, payments to the private central bank for its services etc, have all contributed to this. Thus the next problem is realized for the red flag it should have been all along – that is the host nation now only has paper to pay its debts. Being that the gold supply is now insufficient to payoff these debts, the government of the host nation makes the blunder of taking the last remnants of its wealth off of the table completely, and bases its currencies value off of the nations productivity in general. It then crosses its fingers and hopes that the productive capacity of the nation stays high and maintains growth in line with the inflation of its paper currency. This is where things grow from bad to worse.
In a nation where people are comfortable in the idea that the government is comprised of worthy leaders, and looks to them to solve every problem under the sun from poverty to obesity to regulating entertainment, this gets very bad very quickly. As the host nations money is worth less, foreign goods that the people have come to value so much goes up in price. Ditto with energy as the nation relies on foreign oil etc. The people of said nation love their environment and equality regardless of merit, so they refuse to drastically cut taxes on businesses, as well as regulations on energy production here at home. After all, without all that funding, how on earth could their government continue to be benevolent to the poor and oppressed by the greedy capitalists here at home and the evil warlords overseas? Also the environment is in great danger, so we cannot possible allow for private entities to see to our energy needs on our own soil. So people do as they believe is right, and turn to their elected ‘leaders’ to help.
The leaders help alright. They cannot tax people enough to meet their current demand (let along future expenditures) without inciting a full blown revolution and wide spread riots, so they increase their amount of debt. Because the central bank has its false wealth tied up with the governing bodies, the lending in the private sector continues to lag – which is not usuall.....
.........Funny how we have claimed a free market system for nearly the last hundred years, but have actually had a de facto nationalized banking system at its core.....
http://peacefreedomprosperity.com/5562/ecomomic-suicide-why-easy-money-ends-up-being-worthless-money/Whoever would have thought in the 1980’s that a free market capitalist and a KGB... more
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if you like infinity downline you will love SILVER2UP never pass up a prospect again without getting paid for it. That's right for every person that you bring to silver2up you will get paid.http://silver2up.com/splash1.php?id=260 so what does this mean no attrition on your prospects because they know they will get paid for their efforts on everyone they bring in, make more money, and earn silver and gold coinsif you like infinity downline you will love SILVER2UP never pass up a prospect again... more
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"There are some minds like either convex or concave mirrors, which represent objects such as they receive them, but never receive them as they are" - Joseph Joubert
Original: 36"h x 36"w ink on Acrylic Skin: $648"There are some minds like either convex or concave mirrors, which represent... more
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"A man will be imprisoned in a room with a door that's unlocked and opens inwards; as long as it does not occur to him to pull rather than push." - Ludwig Wittgenstein
Original: 36"h x 36"w ink on Acrylic Skin: $648"A man will be imprisoned in a room with a door that's unlocked and opens... more
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"The junior senator from Wisconsin, by his reckless charges, has so preyed upon the fears and hatreds and prejudices of the American people that he has started a prairie fire which neither he nor anyone else may be able to control." - J. William Fulbright
Original: 36"h x 36"w ink on Acrylic Skin: $648"The junior senator from Wisconsin, by his reckless charges, has so preyed upon... more
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Though many still like to scoff at the idea of a complete economic collapse, it does not change the reality that it will happen as no one in congress, the senate, or presidency will ever admit to the people that they messed up, and will have to drastically cut their payouts. In their eyes, it is the knowledge that it is either a major economic collapse, or a severe civil uprising. In the case of the prior, the blame game option is still on the table and more plausible. In the latter, it will have to admitted that it was the cause of the whole mess – a political mass suicide that none of them will ever want to go through.
First of all, we need to be honest with ourselves as a nation, and admit that what we are going through now is the general sum of failure in all systems; failure in economic, foreign, military, educational and domestic policies. If this can happen, the even more important question can be addressed – what now?
Well it’s actually pretty simple, and we can start with the idea of centralization. People tend to gravitate toward a centralized entity as it as seen as being the calm in the storm so to speak. This holds true in small meetings just as it does in presidential elections (as far as group thought anyway). In small arenas there is nothing wrong with centralizations as the collective is small and interests limited. This means that you have simplicity which makes any policy emitted as being understandable and thus easy to follow.
Expansion of either the size of the collective or its interest is where things start getting complicated. People can only have a reasonable understanding of so many various topics before they run out of room so to speak. For instance a laborer will understand labor, but would not be suited well towards building a communications network. Likewise a network engineer will have little understanding of how to lay a solid concreted foundation. Hence the more items or services you have used for the ‘good of the collective’, the less understanding the collective will have as to how things work. The one and only solution to this is by committing to expansion very slowly, so that the individuals that make the collective have time to develop an understanding of the new interest or social group.
In the interest of the above two points, there is nothing small minded or unenlightened about bending ones focus upon their locality. In actuality, it is the globalists who think themselves wise to the world that continue to overlook the obvious sink holes in their own backyard. The fact of the matter is that I cannot think of a single locality that is not only self sustaining but more than capable of establishing itself and prospering. The reasoning here is simple as well. In most localities you can have farmers markets, a local sewage treatment plant, etc. What one locality may lack in terms of natural fuels or other resources, they could easily trade to another locality for something else. It really is not hard at all.
As to money, it would take some time to adapt to a new system, but it is still easily possible. Everyone complains about the big evil banks, so why have them? Seriously, why have them? If local banks were in place, and you could use any currency you wanted to (or not all for those gifted in trading), then their failures would not have to translate into a tool of fear that can be used against you. In addition it..................
http://peacefreedomprosperity.com/5479/s-p-downgrades-us-treasuries-dow-gets-pummeled-solution/
http://www.youtube.com/watch?v=RHe4OQ4bY4o
http://www.revleft.com/vb/picture.php?albumid=210&pictureid=4877Though many still like to scoff at the idea of a complete economic collapse, it does... more
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