tagged w/ Gold Standard
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Over the past several months, we have seen rioting in some Arab and European countries. The riots were sparked by the high costs of food, government austerity measures and government oppression.
We have some of the same dynamic going on in the United States. But through a system of bribery, the U.S. government has succeeded, at least temporarily, in preventing Americans from rioting in the streets.
The number of Americans now on food stamps is 44,082,324 as of December 2010, up 13.1 percent from a year ago. This is more than 14 percent of the U.S. population. Unemployment is at 9 percent, and President Barack Obama and Congress have extended unemployment benefits to 99 weeks.
The Dow Jones Industrial Average stands at about 12,700. It first hit this mark in late 2007 — more than four years ago. Of course, because of the bursting of the housing bubble, the Dow could be much worse. It dropped to 7,063 in December of 2008. But the political elites threw money at the Dow in order to prop it up, to give America a sense that things were alright. After all, a rising Dow means prosperity… right?
But Americans are too busy and distracted playing with their iPad 2s and gossiping on Twitter about Charlie Sheen’s rants to have any time to protest in Washington, D.C.
As a result of QE2, the Federal Reserve is now “buying” 70 percent of U.S. Treasuries. You can believe it or not as you wish, but the U.S. government is in a state of collapse.
Precious few are prepared. You are warned: We have alerted you for many months. Now this is a flashing red alert.
Please remember that in the coming inflation, food stamps and all U.S. entitlement programs will come to a complete halt.
For those millions on Social Security and/or other entitlements, I do not believe that these will be stopped or cut per se. But the same effect would come about through inflation of the currency. My friends, you will get your money, but it will be so worthless that it won’t buy anything.
So what’s new? We have experienced this for years.
We have warned for years to buy silver and gold and store food and water. Ha, doesn’t sound so way out now, does it?
Please keep your gold and silver and food in your personal possession. It amazes me how quickly people will trust someone else with their gold and silver. Don’t do it!
Is it too late to buy gold and silver? The answer is “No, no and no!” As the Fed destroys the U.S. dollar, you will look back at how cheap gold and silver are now.
Stocks? Yes, gold and silver stocks and energy stocks — concentrate mostly on oil stocks.
Buying gold and silver and oil stocks and storing food and water are the only ways Americans can survive the chaos we are now in.
You ain’t seen nothing yet. Be alert!!
Should you sell your gold and silver as it corrects down? Never! If you do, you will be painfully sorry. Do you think you are smart enough to sell and buy back in at a lower price?
You aren’t; you will lose your shirt. Stay with the trend. This guarantees your bull-market position all the way to the top.
What will happen at the top? Stay with us, as we stay in tune with the markets.
Be reminded that gold and silver and food will outrun the collapse of the dollar. If the U.S. dollar goes, as it surely will, you can begin bartering with your most valuable assets.
Some suggest that a new dollar will appear, backed by silver or gold. I don’t know, but I expect that or some quasi-gold monetary system. (Steve Forbes predicted last week that the U.S. would return to the gold standard within five years.)
Full Article: http://www.personalliberty.com/asset-and-wealth-protection/preserving-wealth/what-now/?eiid&rmid=2011_05_16_PLA_P11365409&rrid=238466338Over the past several months, we have seen rioting in some Arab and European... more
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While much has been written about how the Federal Reserve benefits certain private parties and how it generates money out of thin air, this paper delves deeper into the operation of the Federal Reserve as an instrument of war, and its historical role as a primary enabler of armed international conflict. A comparison is done with an analogous monetary institution, the Bank of Canada, to show that the Federal Reserve is being operated differently, with war being its chief historical focus.
http://www.cabaltimes.com/2011/01/08/the-federal-reserve-as-an-instrument-of-war/While much has been written about how the Federal Reserve benefits certain private... more
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It's not a perfect documentary but it has a rich historical perspective that is uncommon these days. Whatever you think the solution is, the current system is extortion, plain and simple. This is the force behind all the financial problems in the world. For those who believe in the gold standard, understand that human ingenuity is the most valuable resource on Earth, not gold or platinum or any other precious metal or gem. Human ingenuity IS wealth. Gold has no intrinsic value in the marketplace of ideas. Gold is a thing. An idea is a force. Money is a tool. It can be used to oppress humanity or to lift the human condition to heights only dreamed of. But it's only a tool. A paradigm shift is coming.
http://www.youtube.com/watch?v=swkq2E8mswI&feature=relmfuIt's not a perfect documentary but it has a rich historical perspective that is... more
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Utah's state house took a step toward allowing gold and silver to be accepted as cash, passing a bill that would recognize government-issued gold and silver coins for not only their face value, but the value given to the items by collectors. If the bill passes, the state would study the idea of establishing an alternative form of currency backed by silver and gold.
The Salt Lake Tribune reports the bill wouldn't require people to accept gold and silver coins as money, and it would also exempt the sale of the coins from state sales tax as well as capital gains taxes.
A lawmaker who supported the bill did so out of fear that the dollar will collapse:
"This is a step in preparedness, a step in security," Galvez said, "that allows us to be able to help hold up our economy as the dollar continues to shrink."
The U.S. abandoned the gold standard in 1933.
http://www.sltrib.com/sltrib/home/51364301-76/silver-gold-legal-tender.html.cspUtah's state house took a step toward allowing gold and silver to be accepted as... more
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In one of the most ironic and revealing moves in the unfolding of relations between the United States and China, China has announced that it is seeking a shift to the gold standard. According to the World Gold Council, the market development organization for the gold industry, China’s appetite for gold has been rapidly expanding: It consumed 175.2 tons of gold in the fourth quarter of 2010, bringing its grand total for the year to 579.5 tons, or 18.5 million ounces. By comparison, the United States consumed a mere 233.3 tons of gold in 2010. While it is unknown how much of China’s gold acquisitions were made by private citizens, industry, or central banks, speculations remain as to what the country's true intentions are regarding its continued massive purchase and use of the gold.
The financial news source The Street reports that many in the gold community theorize that China wants its yuan to become the world's reserve currency, and is buying gold and silver in order to accomplish that goal:
A Chinese gold standard?
The idea is staggering and not to mention fraught with difficulties. China's central bank currently holds 1,054 tons of gold, about 1.8% of its total reserves.
China currently holds $2.85 trillion in foreign reserves. This means the country would need to buy roughly 66,000 tons of gold to fully back its currency. Even if the country upped the ante to just 3%, the country would need to buy 1,000 tons.
China has also been telling its citizens to buy gold, promoting different gold funds, giving investors access to overseas products and launching a global gold contract based in yuan by Chinese Gold & Silver Exchange. The ICBC and World Gold Council recently teamed up for the creation of the Only Gold Gift Bar in China, where a customer can buy gold as a gift complete with engraving and can sell it back to the ICBC for cash.
China’s gambit for global dominance, therefore, rests upon the notion that it must impose economic policies that will boost its power, prosperity, and economic strength. While staying true to the theoretical foundations and assumptions of the communist state, including its commitment to the principles of Marxism-Leninism and Maoism, China realizes that in order for the communist state to be strengthened and prevail victorious, it must incorporate some classical principles and economic concepts associated with capitalism.
Karl Marx believed that all states progressed through a series of several economic stages, culminating in a communist state. Observing economic history in his native Germany, Marx believed that states proceeded from capitalism to socialism, and then culminated in outright communism. Since China never before had a Western-style communist economy, it is now embracing capitalism — not in its true laissez-faire, free-market form, but within the context of centrally-planned state capitalism. After the death of Mao Zedong in 1976, under Deng Jiaoping China began embracing elements of state capitalism, and in 2002, its pantheon of communist theory expanded to include Jiang Zemin’s Theory of Three Represents, which includes an emphasis on economic production, and “represents advanced social productive forces.”
China’s turn toward hard currency in the form of the gold standard is the latest development in its pursuit of wealth and power through state capitalism. This trend has rightly raised the concern of those who fear a dominant Red China, as reported in the Wall Street Journal:...
...Russia has also moved toward adopting the gold standard, as previously reported by The Telegraph:
Continued at:
http://www.thenewamerican.com/index.php/world-mainmenu-26/asia-mainmenu-33/6413-communist-china-embraces-the-gold-standardIn one of the most ironic and revealing moves in the unfolding of relations between... more
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Dagum
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1 year ago
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Ron Paul may be the only politician left willing to appear on Stephen Colbert. A kudos to him for it.
Last night Colbert hosted a pretty awesome 'debate' between Paul, who is a strong proponent of returning the country to the Gold Standard and the NYT's David Leonhardt who thinks things are fine the way they are. Wondering why people are getting their news from Comedy Central? This is a pretty good example.
David Leonhardt: The problem is not inflation, the problem is too weak an economy...If given the choice would you rather take my gold wedding ring or a million dollars in paper money?
Ron Paul: The question is would you rather put $10,000 in a box for 20 years or a few gold coins...The Fed Reserve has destroyed 98% of the purchasing power of the dollar since 1913 an in the meantime they have financed every war they couldn't have financed if they were on the gold standard.
Colbert: Dave, do you want some ice for that burn? Also: The gold standard will create jobs...we'll need to hire tailors to reinforce our pockets.
Read more: http://www.businessinsider.com/ron-paul-stephen-colbert-gold-standard-2011-1#ixzz1ADz5CHawRon Paul may be the only politician left willing to appear on Stephen Colbert. A kudos... more
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On Tuesday, Congressman Paul discussed coinage and asked questions of the director of the U.S. Mint and the president of the Diamond State Depository during a hearing on “The State of US Coins and Currency.”On Tuesday, Congressman Paul discussed coinage and asked questions of the director of... more
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The results of a series of randomized, placebo-controlled clinical trials assessing the efficacy of inhaled marijuana consistently show that cannabis holds therapeutic value comparable to conventional medications, according to the findings of a 24-page report issued earlier today to the California state legislature by the California Center for Medicinal Cannabis Research (CMCR).
Four of the five placebo-controlled trials demonstrated that marijuana significantly alleviated neuropathy, a difficult to treat type of pain resulting from nerve damage.
“There is good evidence now that cannabinoids (the active compounds in the marijuana plant) may be either an adjunct or a first-line treatment for … neuropathy,” said Dr. Igor Grant, Director of the CMCR, at a news conference at the state Capitol. He added that the efficacy of smoked marijuana was “very consistent,” and that its pain-relieving effects were “comparable to the better existing treatments” presently available by prescription.
A fifth study showed that smoked cannabis reduced the spasticity associated with multiple sclerosis. A separate study conducted by the CMCR established that the vaporization of cannabis – a process that heats the substance to a temperature where active cannabinoid vapors form, but below the point of combustion – is a “safe and effective” delivery mode for patients who desire the rapid onset of action associated with inhalation while avoiding the respiratory risks of smoking.
Two additional clinical trials remain ongoing.
The CMCR program was founded in 2000 following an $8.7 million appropriation from the California state legislature. The studies are some of the first placebo-controlled clinical trials to assess the safety and efficacy of inhaled cannabis as a medicine to take place in over two decades.
Placebo-controlled clinical crossover trials are considered to be the ‘gold standard’ method for assessing the efficacy of drugs under the US FDA-approval process.
“These scientists created an unparalleled program of systematic research, focused on science-based answers rather than political or social beliefs,” said former California Senator John Vasconcellos, who sponsored the legislation in 1999 to launch the CMCR. Vasconcellos called the studies’ design “state of art,” and suggested that the CMCR’s findings “ought to settle the issue” of whether or not medical marijuana is a safe and effective medical treatment for patients.
“This (report) confirms all of the anecdotal evidence – how lives have been saved and pain has been eased,” said California Democrat Senator Mark Leno at the press conference. “Now we have the science to prove it.”
Full text of the CMCR’s report to the California legislature is available at online at: http://www.cmcr.ucsd.edu/CMCR_REPORT_FEB17.pdf.The results of a series of randomized, placebo-controlled clinical trials assessing... more
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Ron Paul and Judge Napolitano discuss the economy, civil liberties, and the intellectual fight for liberty against statism.Ron Paul and Judge Napolitano discuss the economy, civil liberties, and the... more
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Ron Paul gives the history of the gold standard, the problems in reintroducing it, its constitutionality, and the unconstitutionality of the FED and the Federal Reserve Notes.Ron Paul gives the history of the gold standard, the problems in reintroducing it, its... more
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What? You're telling me it's all imaginary!!!
Well, it turns out our new source of money, since the early 20th century, has no real value... what?
Yup, these days money is really based on YOUR DEBT - ever increasing debt exponentially.
Maybe we should re-think the kind of "change" we really need in this world...What? You're telling me it's all imaginary!!!
Well, it turns out our new... more
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In this article, the pros and cons, as well as the likelihood and feasibility, of returning to the gold standard will be set aside. The analysis is based on a gold standard in which all paper currency is theoretically backed by gold.In this article, the pros and cons, as well as the likelihood and feasibility, of... more
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The one candidate who offered real change, discussed real issues, and gave real solutions. The one candidate who offered real change, discussed real issues, and gave real... more
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