“…The policies also are directly responsible for the rich getting richer and middle class being wiped out. …”
You missed the point. Their policies ARE to make the rich richer and wipe out the middle class. They believe the Earth has too many people and to give them plausible deniability of such consequences they are striving to starve millions along with civil strife that will kill untold millions more. Tiny Iceland knew that allowing similar people to operate in their country would have the same results, so they went about putting their “banksters” in jail. We have too few political leaders willing to bring about the same results. Most of them are funded directly/indirectly by Federal Reserve money.
On your comment: “This brings me to PM's, PM miners and streamers. There is dollar counter party risk to holding stock. It may be in the form of how will stock be traded if there is no trusted monetary system, or it could be in the form of the underlying company to do business because he has no way to purchase services other than bartering his product. …”
This obviously creates a vacuum, and an incentive to fill that vacuum. One way would be the “Real Bills Doctrine”, where trade will have to be done with PMs. This will re-introduce specie as a medium of exchange when the recipients paid through the Real Bills process use said specie outside of international trade. At that point the US Government will have to abandon the Legal Tender law, probably due to a black market despite the temporary illegality of doing so, and specie will circulate internationally. This will take some time. If communications internationally remain intact the change should happen quickly bringing about a new “golden age” of prosperity.
Prior to the country’s founding Spanish as well as English specie were used concurrently in transactions. It doesn’t matter what is embossed on the metal as long as it has not been adulterated and there is trust in its value.
It would have been better to have said, lashed with a whip. But this is the 2nd millennium where sticks may be the more common choice and more likely to cause harm.
However ol’ Hickory is a close second. Who might currently replace his nemesis, Nicolas Biddle, as the first candidate? Maybe Jon Corzine, except he’s still not far enough up the bankster food chain. We need some consultants from Iceland and outsource the court’s determination of a sentence of imprisonment to a Mexican prison. Too many high paid prison guards in the US.
“…The remedy has to be more check kiting... it's all that they can do.”
It’s more like it’s the only weapon in their arsenal to support the criminal fiat monetary system they’ve created. At some point the people need to rise up and beat them with sticks. There is, of course, a well known, but rarely repeated, story of One that did exactly that.
Oh, one more thing was forgotten to be added on the issue of links as TOS violations except for Democrat inspired white listings:
First of all, jimmyd, how did you ever manage to post a link? Every post here ever tried got deleted that had a link. It seems that has been the case with everyone else here, too. Maybe it’s because the Washington Post is “white listed”. Had it been from the Washington Times it probably would have been deleted. The top dog (the gender would be supplied except censorship would get involved) at Yahoo is a Democrat supporter of Obama.
To understand the dynamics of the PM markets, a visit to the recent article by Keith Weiner should be helpful: “Monetary Metals Supply And Demand”. Therein you will discover how futures markets and the spot market define either a condition of contango or backwardation. Note that the basis has been below zero since mid-June.
His recent chart indicates that there is scarcity in the PM markets (gold & silver). Scarcity is implied because the spot price exceeds the current futures price (backwardation), yet the dollar has been heading upwards recently. He really doesn’t speak to this as the rest of us probably would, for whatever reason. But it definitely looks like manipulation is at play. This should be reason enough to install some of Iceland’s leaders as consultants so they could suggest publicly that the banking cartel should be dealt with just as it was in Iceland, i. e. jail time or worse here. We will NEVER get out of the downward spiral until there is a realization that people who break the law must pay the price.
Fat chance, huh?
This may be posted as a separate Topic as time permits (minus how the discriminatory TOS “violations” are applied). Note that the Keith Weiner link could have been provided except as noted.
“…a high powered law firm is ready to file the suit…”
Hopefully you are not referring to Spire Law Group.
Early last year they claimed to have filed a lawsuit for $43 Trillion against the Federal Government for losses born by homeowners in the mortgage meltdown. It was a one day story that went away as Spire grew silent and since has yet to post anything concerning the “lawsuit”. When this story came out on CNBC the statements in the lawsuit were highly unprofessional, an indication that this was probably a scam and not serious. Of course this drew interest from us, but a lot of doubt along with it. In hindsight no time should have been spent giving it any legitimacy.
Should such lawsuits be filed? Absolutely! Especially against the unmitigated manipulation taking place by the big banks in the PM markets. But it has become apparent that any that rise to any stature in this country are probably for corrupt reasons because none have banded with like-minded others to war against Washington and bankster corruption with lawsuits. Apparently they have no problem observing these unending Middle East wars as long as none of their family is in harms way. It’s easier to cozy up to the money powers, which is actually litigation record of the Spire Law Group that represented the FDIC, FSLIC and a host of the country’s largest corporations according to what was posted on The Daily Paul.
Most of us have no standing when it comes to access. And those that do have a yellow streak of a backbone compared to those who have been convinced, or more likely forced in a bad economy, to take the route of military service rather than survive on the various social welfare options that are currently proliferating. That would also seem to be by design. In a voluntary military there has to be an incentive, all be it one of the “lesser” of the evils for some.
There is a little bit of SHORT TERM disagreement with your statement: “No, silver pulled gold up the entire way.”
If you look at the Gold/Silver ratio on Stock Charts it has been increasing since the end of August and the 50 day Moving Average (MA) is trending towards that of the 200 day MA. If they cross silver will lose a lot faster. Of course anything can happen with crooks manipulating the PM market.
We who believe that eventually PMs will have to show large gains in the near future also believe that it is a bad idea to not wait for a bottom before any commitment to jump in and buy. We are in a fight with a formidable enemy to the prosperity of massive numbers of people. Recent reports are that a small minority of very wealthy people in the financial industry have garnered historic gains in their personal wealth, while everyone else has lost. The Dow Jones Industrial Average has been redefined to include giants in the financial industry while removing those not part of it.
As others on this topic have noted, the big banks are driving the PM price levels, currently downward. As noted in another topic under the Hapiwondrer screen name, the big banks do not hold but a small fraction of the gold they report. It has been leased. The response to the Germans, and others, is that they are not getting theirs back for years. What better way to get it back than to drive price levels down so large numbers of small PM investors capitulate and sell. What better way for the rest to prevail than to state the truth so that most don’t capitulate to the big banks, many of which are driven by Rothschild interests.
Do you think that just might have something to do with the fact that banks invest in and store gold but not silver? This makes gold a more stable PM because of those invested in it. Silver is very risky for those who can’t tolerate its wild ups and downs and is more likely to be held by people who capitulate and sell their holdings in steep downturns.
These screen names used to populate this message board quite frequently. They all disappeared around September, 2012 simultaneously. They were a “clubby” bunch that only answered posts within themselves and put on a pretense of using mathematical and economic mental gymnastics to explain various aspects of markets. The more doubtful among us feel that mathematics cannot describe the criminal manipulations of PM markets. Of course this disappearance could be the result of the Yahoo message board “upgrades” where for some time it was impossible to deal with the resulting mess created by the transition.
Given the enormous increases in higher education costs with graduates only finding employment at places like Home Depot or Walmart, probably this crowd is best lost in this message board’s history as professors positing theories directed to them from the Federal Reserve as a prerequisite to their job security. But their disappearance at the same time might be worth knowing for what it represents. It should be obvious to most that some come to Yahoo message boards with an agenda dictated to them from others, perhaps subliminally.
Batshwing and Vonmiser post under those screen names on the WSJ as commenters. There is no disagreement with most of their positions except that they are incomplete as they seem to be unaware of the fraud committed at Jekyll Island in 1910, or they know and are afraid to confront it. This seems to be a shortcoming shared by all of the above since it goes unmentioned. There is also the fact that the WSJ is not exactly a place where critical views springing out of the 1910 and Woodrow Wilson era would find sympathetic responses.
Anyway there were interesting posts from these screen names that others might have also noticed.
“I like gold and silver, believe in them … and there isn't enough to function as money world wide.”
This is a fallacy. In order to expose the fallacy let’s use a study of inequalities.
Suppose instead of Earth having 4 billion people, let’s imagine that it only has 100 million but there is as much gold that has been mined as exists today. That means it would be of much less value in trade (exchange). If we consider the total quantity of gold and the amount that is used in trade as a velocity number, the velocity would be very low.
Now if we look at current reality there would be much less available to be used in trade on a per person basis. Therefore its circulation velocity would be much higher and it would buy much more than what is in the previous example. But it could still function as a medium of exchange. When gold and silver were the mediums of exchange, per the US Constitution, the country had prosperity that was the envy of the world.
What this means is that those who possess it would find that it increases in value over time due to increasing scarcity. That is why the banksters hate it as an exchange medium because it would drain their economic power and transfer it to the People.
The current downturn in PM prices is manipulation to discharge from the hands of commoners the PMs they possess. This is to fill the empty promises to countries that have placed their gold holdings for safe keeping at the Federal Reserve and banks like JP Morgan, which they no longer hold. Germany has been told that their request of a return of their gold cannot take place for some years. Meanwhile the banksters are scrambling to extract it from private hands using scare tactics, such as what we are currently seeing in this PM downturn, to fulfill the requests from various countries to repatriate theirs. The timeline for doing this escapes the imagination of most with long range manipulative tactics that convinces them to capitulate. DON’T DO IT.
Whenever gains are made in PMs you can be sue that there will be countervailing manipulation of PM markets to counteract those gains. Why? Because it is all about defense of counterfeit fiat monopoly money by the banksters. That is pretty easy to predict. Their very existence depends on the continuance of the fraud they have perpetrated for centuries on populations in their alliances with governments to screw the People.
There is no way to predict tops and bottoms of the flow and ebb of PMs, but realizing that the above agenda is firmly in place gives a rough gage of where things are headed in order for the banksters to achieve their fraudulent objectives.
At some point, just as in Iceland, they will have to be imprisoned to prevent further damage to the rest of humankind. Actually that is too light a sentence for their transgressions. They need to be done away with PERMANENTLY to prevent the continued destruction of the wealth of the rest of humankind. This sort of solution is either feared because of the obvious threat to personal safety, or beyond the imagination of those that consider those in pin-stripped suits to never be on the same level as common criminals, such as murderers and thieves. On the contrary they have done more damage to all concerned than any of the aforementioned. Unfortunately they are too often protected by the political class, especially in the United States.
If you are willing to look into Biblical prophecies, that is exactly what is proscribed.
Here’s just what you need on those cloudy days:
” Pedal Powered Electricity Generator from Windstream”
Just put the title in your browser. For those that need the exercise, too.
Your reference to your attachment to Ann Barnhardt’s views is shared, somewhat. However (hopefully the following will not go beyond TOS guidelines) her attachment to Catholicism seems to be blind. Without going into the gory details of the conduct of priests and the usage of parishioner money to protect their wrongdoing her Catholic religious loyalty is incomprehensible and speaks to a sort of hidebound mindset. Some things simply cannot be reformed (“power corrupts and absolute power corrupts absolutely”), which brought a previous majority to this country with the realization. In other words many, at the time, realized a schism was the only alternative.
Your reference to “the BIG G” whizzed by as incomprehensible. It is assumed you meant by “G”, gold. If by removing it, it is because it has become the standard anchor for exchange rather than the current fiat system few here would disagree. That was the reason for referring to the Real Bills Doctrine. It is assumed that a fiat currency meltdown would then be replaced first by the mechanizations of the Real Bills Doctrine which would filter down throughout economies installing once again the gold standard despite remaining bankster opposition.
‘Nuf said as this topic is about where we are all headed if the dissolution of the Federal Reserve does not take place, and how we can protect ourselves when the wheels come off the Fed’s corrupt un-Constitutional concept of money. However all things are to some extent interrelated such as economics and religious views.
Attempting to look into the future the following questions arise:
Since gold and silver have entered into “backwardation”, what is the implication under the higher levels of it for PM mining companies like SLW or others in that industry?
If any have read what Antal Fekete has to say about this he states that PMs go into hiding as fiat paper money can no longer buy anything. We may be seeing glimmers of this with the long delivery times from PM vendors.
Getting back to the implications for PM miners, how will they survive if no one will accept fiat currency? Doesn’t this imply that some other commodity with real value will have to be used? There doesn’t seem to be anyone discussing this, such as listing what would replace fiat currencies for some tradable something (let’s call it a widget). What would be considered tradable “widgets” for PM mining shares? What might be used are agricultural commodities, which obviously would not be as liquid as specie. Maybe the question should be; what might be the liquid sort of widgets that could be used in place of counterfeit fiat bankster printed criminal monopoly “money”. Is the answer hidden in the concept of the Real Bills Doctrine which could bring specie back into wide circulation?
It would seem that the answer to these questions needs to be understood by all who wish to survive in a fiat fueled hyperinflationary environment. Please provide your list. In the meantime one will be searched for on the Internet, if it exists. Maybe these are the types of questions that could bring on NSA censorship, or drone strikes against those fielding or answering them. But don’t let that stop you from replying. ;
Words DO have the power to educate, if they are spoken frequently enough and with sufficient clarity. People’s memory and attention spans for important issues that lead to change (in this case how radically the world would change for the better by jailing central bankers and the doing away with central banks) appears to be as yet unappreciated. A prime example of this is what was done by leaders in the country of Iceland. It certainly seems that there are many who understand this in the United States.
“…Man, I have been preaching that for years….”
Keep up the good work! This includes the many who recently have vocally expressed much the same, such as the OWS crowd typified by Captain Midnite (Chris Savvinidis). Hopefully more will see fit to do so. The growing numbers of those who do, by itself, can effect change by bringing out into the open those political representatives who still have a public conscience but are somewhat timid. They need to be replaced by those possessing more courage to posit the belief that an “end the Fed” movement will eventually benefit ALL of humanity. This will reverse the ability of banksters to hold down the upward progress of PM pricing, and by inference that of PM mining companies. All on this message board (bankster plants excluded) should welcome this.
Sometimes it seems like a “broken record” to keep posting this.
There is only ONE problems, which if addressed would fix all of America’s ills. It would further address financial ills worldwide by those who choose to follow this country’s leadership. It is a poison more powerful than Sarin nerve gas in its effect though much slower acting. It would neutralize leaders trying to take us in directions we don’t wish to go.
The root cause of this worldwide disease is central bank counterfeiting, which if done away with would also eliminate central banks allied with governments and in all probability eliminate armed conflicts not easily overcome by the enemies of liberty. From it springs corruption at the highest levels of finance and the destruction of our Constitution through the “money powers” (as it destroys the ability to have candidates for public office that support the views of The People).
US President Andrew Jackson got one thing right, and it foreshadowed all US Presidents who followed. He destroyed the objectives of Nicolas Biddle to renew the charter of the 2nd Bank of the United States. Consequently for a period of time thereafter there was increasing prosperity that was the envy of all other countries. We had Presidents whose objectives were somewhat contained by the inability to counterfeit our money and overrule the wishes of the People because the increasing prosperity brought about by specie in the hands of the electorate put political power back into the hands of We The People sufficient to tip the balance of power in their favor.
As far as the wishes of most who post here (minus bankster plants) investment in companies like Silver Wheaton would increase in almost hyperbolic fashion. Who here would object to that? Negative answers or downgrades will identify those who could be termed Destroyers, the enemies of liberty.