Financial Reserve

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Re: Financial Reserve

Postby Silver » Fri Jan 13, 2017 9:01 am

“I consider that it is not only prudential, but absolutely necessary to protect the inhabitants of this city from being imposed upon by a spurious currency…I think it much safer to go upon the hard money system altogether. I have examined the Constitution upon this subject and find my doubts removed…Article I, Section 10 declares that nothing else except gold and silver shall be lawful tender…The different states, and even Congress itself, have passed many laws diametrically contrary to the Constitution of the United States…The Constitution acknowledges that the people have all power not reserved to itself.” (Joseph Smith)
As a prophet reveals the truth it divides the people. (T)he worldly either want to close the mouth of the prophet, or else act as if the prophet didn’t exist, rather than repent of their sins. Popularity is never a test of truth. Ezra Taft Benson

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iWriteStuff
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Re: Financial Reserve

Postby iWriteStuff » Fri Jan 27, 2017 11:42 am

Silver wrote:“I consider that it is not only prudential, but absolutely necessary to protect the inhabitants of this city from being imposed upon by a spurious currency…I think it much safer to go upon the hard money system altogether. I have examined the Constitution upon this subject and find my doubts removed…Article I, Section 10 declares that nothing else except gold and silver shall be lawful tender…The different states, and even Congress itself, have passed many laws diametrically contrary to the Constitution of the United States…The Constitution acknowledges that the people have all power not reserved to itself.” (Joseph Smith)
Shame on you for not posting this yet! :)
Two weeks ago we asked a question on Metals & Markets that the market has not (yet): Could Trump’s Border Tax Ignite CHAOS in the US Silver Market?

Moments ago WH Press Secretary Sean Spicer confirmed this risk while discussing Trump’s plans to make Mexico pay for his wall: “by imposing a 20 percent tax on ALL IMPORTS from Mexico…“

After a chaotic Twitter back and forth between President Trump and Mexican President Pena Nieto resulted in the cancellation of the upcoming meeting to renegotiate NAFTA, Trump vowed Mexico will pay for his wall one way or another.

Speaking to reporters aboard Air Force One Thursday, Press Secretary Sean Spicer revealed Trump plans to force Mexico to pay for his wall via a border tax on ALL IMPORTS.

The risk to the US Silver market (which is HEAVILY supplied by Mexican mining operations) is that the Trump Administration doesn’t single out manufacturing like GM, Chrysler and Ford for import taxes, but rather taxes ALL IMPORTS, which according to Sean Spicer, sounds like will be the plan:

“by imposing a 20 percent tax on all imports from Mexico.”
Just how much might the US silver market be affected if imports are suddenly taxed by 20%?

We suspect more than most would be willing to admit.

According to expert silver analyst Steve St. Angelo, the US imported a whopping 3,440 metric tonnes of silver in 2015 – the majority from Mexico.

US silver prices could jump above global prices and create a bifurcated market.
Wholesale silver shortages would likely result, as refineries and mints scrambled for alternative non-Mexican sources of silver.

The problem is that while Mexico led the world in silver production in 2015 with 189.5 million oz of production according to the Silver Institute, a MASSIVE 21% of total global silver production!

US silver output was only 35 million oz in 2015 – not even enough to meet demand for US Mint Silver Eagle bullion coins! (US Mint demand was over 48 million oz of silver in 2015 for bullion Silver Eagles and bullion ATB coins alone).

China’s 109 million oz of annual production and Russia’s 50 million are certainly not headed to the US of A.
http://www.silverdoctors.com/silver/sil ... om-mexico/" onclick="window.open(this.href);return false;

Thank you, Mr. Trump, from the bottom of my brokerage account and the undisclosed location where I keep my silver bullion saved for emergencies :)
"The interesting thing about our age is that not many people are really fooled – we are going into perdition with our eyes open; the separation of the tares and the wheat is to be strictly a free-will affair."

Hugh Nibley

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Re: Financial Reserve

Postby brianj » Fri Jan 27, 2017 12:20 pm

iWriteStuff wrote:
Silver wrote:“I consider that it is not only prudential, but absolutely necessary to protect the inhabitants of this city from being imposed upon by a spurious currency…I think it much safer to go upon the hard money system altogether. I have examined the Constitution upon this subject and find my doubts removed…Article I, Section 10 declares that nothing else except gold and silver shall be lawful tender…The different states, and even Congress itself, have passed many laws diametrically contrary to the Constitution of the United States…The Constitution acknowledges that the people have all power not reserved to itself.” (Joseph Smith)
Shame on you for not posting this yet! :)
Actually, he shouldn't have posted it at all. Article 1 section 10 of the Constitution of the United States of America prohibits THE STATES from making "any Thing but gold and silver Coin a Tender in Payment of Debts." Earlier in US history each of the states had their own currency and you couldn't spend Virginia money in Pennsylvania. This clause of the Constitution was put in not to limit the federal government, but to limit states. Article 1 section 8 grants Congress the authority to create money and regulate the value thereof, with no restriction on what can constitute money.

Regarding silver, if the Trump administration enacts a tariff on silver imported from Mexico I guess we'll be buying a lot of silver from Canada. Where the Canadians acquired the sliver they form into coins won't be an issue, and when I looked just now I found Canadian maple leaf coins selling for less than American silver eagles.

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iWriteStuff
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Re: Financial Reserve

Postby iWriteStuff » Fri Jan 27, 2017 12:28 pm

brianj wrote:
iWriteStuff wrote:
Silver wrote:“I consider that it is not only prudential, but absolutely necessary to protect the inhabitants of this city from being imposed upon by a spurious currency…I think it much safer to go upon the hard money system altogether. I have examined the Constitution upon this subject and find my doubts removed…Article I, Section 10 declares that nothing else except gold and silver shall be lawful tender…The different states, and even Congress itself, have passed many laws diametrically contrary to the Constitution of the United States…The Constitution acknowledges that the people have all power not reserved to itself.” (Joseph Smith)
Shame on you for not posting this yet! :)
Actually, he shouldn't have posted it at all. Article 1 section 10 of the Constitution of the United States of America prohibits THE STATES from making "any Thing but gold and silver Coin a Tender in Payment of Debts." Earlier in US history each of the states had their own currency and you couldn't spend Virginia money in Pennsylvania. This clause of the Constitution was put in not to limit the federal government, but to limit states. Article 1 section 8 grants Congress the authority to create money and regulate the value thereof, with no restriction on what can constitute money.

Regarding silver, if the Trump administration enacts a tariff on silver imported from Mexico I guess we'll be buying a lot of silver from Canada. Where the Canadians acquired the sliver they form into coins won't be an issue, and when I looked just now I found Canadian maple leaf coins selling for less than American silver eagles.
I was saying "shame on you for not posting this" in reference to the article I then posted. Monetary policy and Fed Reserve involvement is another discussion entirely.

I'm not sure I follow you on the Canadian silver part. Sure, you can buy Canadian maple leafs. I know "Silver" likes them. I prefer ASEs and anything from the Perth mints. The point is the cost of production will go up on anything that is minted in the U.S., whether we buy our raw silver from Canada or Mexico, for the simple fact that that's what it will cost to import it into the states. As the cost of production goes up, so does the price. This is the basic underlying economic premise of tariffs in general - ultimately the consumer will absorb the cost of the tariff as it is passed on by the producer in order to maintain a profit.

I hope you don't like guacamole. :ymparty:
"The interesting thing about our age is that not many people are really fooled – we are going into perdition with our eyes open; the separation of the tares and the wheat is to be strictly a free-will affair."

Hugh Nibley

brianj
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Re: Financial Reserve

Postby brianj » Fri Jan 27, 2017 12:58 pm

iWriteStuff wrote:I was saying "shame on you for not posting this" in reference to the article I then posted. Monetary policy and Fed Reserve involvement is another discussion entirely.
Gotcha.
I'm not sure I follow you on the Canadian silver part. Sure, you can buy Canadian maple leafs. I know "Silver" likes them. I prefer ASEs and anything from the Perth mints. The point is the cost of production will go up on anything that is minted in the U.S., whether we buy our raw silver from Canada or Mexico, for the simple fact that that's what it will cost to import it into the states. As the cost of production goes up, so does the price. This is the basic underlying economic premise of tariffs in general - ultimately the consumer will absorb the cost of the tariff as it is passed on by the producer in order to maintain a profit.

I hope you don't like guacamole. :ymparty:
Yes, any silver imported directly from Mexico may have a tariff so high that those imports will stop. But silver passing through Canada will flow into the US to make up the difference.

And I love guacamole, but I use avocados grown in California. I can grow my own jalapenos and tomatoes, and I have plenty of spices on hand. It disturbs me how many people have plenty of wheat, beans, and rice in their home storage but no spices to add some flavor!

Of course this is all hypothetical. Backing out of NAFTA will be difficult for Trump to pull off, and seeing a 20% rise in the price of foods imported from Mexico will be very unpopular with the electorate.

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iWriteStuff
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Re: Financial Reserve

Postby iWriteStuff » Fri Jan 27, 2017 2:09 pm

brianj wrote: Yes, any silver imported directly from Mexico may have a tariff so high that those imports will stop. But silver passing through Canada will flow into the US to make up the difference.

And I love guacamole, but I use avocados grown in California. I can grow my own jalapenos and tomatoes, and I have plenty of spices on hand. It disturbs me how many people have plenty of wheat, beans, and rice in their home storage but no spices to add some flavor!

Of course this is all hypothetical. Backing out of NAFTA will be difficult for Trump to pull off, and seeing a 20% rise in the price of foods imported from Mexico will be very unpopular with the electorate.
I'm allergic to guacamole, so no skin off my potato!

If the number 1 producer of silver in the world stops sending us silver, the laws of supply and demand say expect a higher price. But, as you say, who knows if he can pull it off. He either tariffs his way to a higher cost for silver or backs off the BAT talk (Border Adjustment Tax) and watch the dollar drop in value, also pushing up silver valuations.

I guess I'm saying I like silver right now :|
"The interesting thing about our age is that not many people are really fooled – we are going into perdition with our eyes open; the separation of the tares and the wheat is to be strictly a free-will affair."

Hugh Nibley

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Re: Financial Reserve

Postby Silver » Fri Jan 27, 2017 10:58 pm

iWriteStuff wrote:I guess I'm saying I like Silver right now :|
Well, uh, I, uh, I uh, I, uh, like you, too.
As a prophet reveals the truth it divides the people. (T)he worldly either want to close the mouth of the prophet, or else act as if the prophet didn’t exist, rather than repent of their sins. Popularity is never a test of truth. Ezra Taft Benson

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Re: Financial Reserve

Postby Silver » Mon Feb 13, 2017 7:48 am

This dovetails with what Brandon Smith has been saying.

http://www.zerohedge.com/news/2017-02-1 ... y-possible" onclick="window.open(this.href);return false;

Why Donald Trump Needs The Next Recession To Start As Quickly As Possible
Submitted by Michael Snyder via The Economic Collapse blog,

A new recession is coming, and Donald Trump needs it to begin sooner rather than later. As I explained last week, most American voters tend to care about their pocketbooks more than anything else. If the next recession were to officially start during the first quarter of 2017, it would be very easy for Trump to blame it on Obama, and then he could portray himself as the one that pulled the U.S. economy out of recession in time for the 2020 election. But if the next recession does not begin until 2018 or 2019, everybody is going to blame it on Trump even if it is not his fault. In politics, who gets the blame for whatever goes wrong is often the most important thing, and if Trump wants to avoid blame for the next recession he needs for it to start as quickly as possible.

For most of 2016, the mainstream media was warning that a new recession was probably coming no matter who won the election. For one example, just check out this Bloomberg article.

And for once, the mainstream media was precisely correct. Barack Obama left us with an enormous economic mess, and it would take an economic miracle of unprecedented proportions to keep the U.S. economy from going into a recession at this point.

During the Obama years, the U.S. went on a debt binge unlike anything we have ever seen before.

The U.S. national debt almost doubled. During Obama’s time in the White House, it increased from 10.6 trillion dollars to nearly 20 trillion dollars, and that means that over 9 trillion dollars of future consumption was brought into the present. That incredible boost to spending would have shot U.S. economic growth into the stratosphere during normal times, but because we were struggling so much all we got out of it was eight years of economic stagnation.

In fact, Barack Obama was the only president in modern American history never to have a single year when the U.S. economy grew by at least 3 percent, and he had two terms to try to accomplish that goal.

And remember, Obama also had the benefit of doctored economic numbers. John Williams of shadowstats.com tracks what the figures would look like if honest numbers were being used, and according to his calculations the U.S. economy has actually continually been in a recession since 2005.

In addition to government debt, other forms of debt are way out of control as well. The total amount of consumer debt in the United States has now hit 12 trillion dollars, and corporate debt has approximately doubled since the last recession.

When levels of debt grow much, much faster than the overall economy, it is inevitable that a crash will come.

If you look back throughout history, I don’t know if you can find a single example where debt has grown this quickly and a crash has not happened afterwards.

By some miracle if we are able to avoid a major economic downturn this time, we will literally be defying the laws of economics.

The employment crisis also threatens to get a lot worse in the months ahead. The mainstream media keeps trying to tell us that we are almost at “full employment”, but the truth is that more than 100 million Americans do not have a job right now.

Yes, there are a few areas of the country where jobs appear to be plentiful, but there are many more areas where they are not.

For example, you will never, ever be able to convince 23-year-old Tyler Moore that the job market is good…

Tyler Moore’s late-December drive to Louisville, Ky., was one of desperation. He was headed four hours west on Interstate 64 to interview for a job. Even if he landed the position, filling his gas tank had left him with $8 to his name. He would have to sleep at a friend’s place until he could earn enough to pay rent.

The 23-year-old had run out of options. He’d applied for dozens of jobs within an hour and a half of his hometown of Lovely, once a coal-mining stronghold. Instead of opportunities, he had found waiting lists.

“Minimum-wage jobs, fast-food restaurants, Wal-Mart, anything like that, a lot of them has already been took,” he says in an Appalachian drawl, explaining that the backlog just to interview was as long as a year. “There are no jobs.”
If the U.S. economy is in “good shape”, then why can’t people like Moore find a job?

Yes, there is a tremendous amount of optimism in the financial markets right now and the stock market has been soaring.

But the exact same things were true in 2007, and we remember how that turned out.

There is no possible way that the S&P 500 can continue to generate an 18% annual return without corresponding economic growth. The following comes from David Stockman…

Altogether the S&P 500 now stands at 3.4X its post-crisis low, having generated an 18% annual return (including dividends) for nearly eight years running.

To be sure, in an honest free market that very fact would be a flashing red light, warning that exceptionally high gains over an extended period necessitate a regression to the mean in the period ahead.
A lot of people get caught up in trying to predict exactly when the stock market will crash, but what everybody should be able to agree on is that it will crash.

There is no possible way that stocks can stay at such ridiculously overpriced levels indefinitely.

Throughout history, stocks have always moved back in the direction of the long-term averages, and this time will be no exception.

And just like last time, the beginning of a new recession will likely be accompanied by a major financial correction.



In recent articles, I have been highlighting some of the reasons why it appears that a new recession is imminent…

-Federal tax receipts have gone negative for the first time since the last recession.

-Job growth at S&P 500 companies has gone negative for the very first time since the last recession.

-The U.S. trade deficit in 2016 was the largest in four years.

-Lending standards have tightened up for medium and large sized firms for six quarters in a row.

-Lending standard are also tightening up for consumers.

-We just saw the largest percentage decline in average weekly hours since the recession of 2008.

-Gross private domestic investment is down.

-Consumer bankruptcies are rising.

-Commercial bankruptcies are rising.
All of this is not necessarily bad news for Trump.

A horrible recession started during the early years of Ronald Reagan’s presidency, but the U.S. economy turned around later in his first term and that momentum helped propel him to an easy victory in 1984.

Similarly, Trump could actually take advantage of the coming economic downturn as long as he is able to pin all of the blame for it on the previous administration.

If there is one thing that is true about U.S. voters, it is the fact that they tend to care about their own economic well-being more than anything else.

If you doubt this, just check out the results of a recent Fox News poll…

The latest Fox News Poll also asks, what defines the American Dream today? At the top, according to the national survey released Wednesday, is “retiring comfortably.” Some 88 percent feel that is extremely or very important to realizing the dream.

Next, 76 percent say “having a successful career” is important. That’s followed by “raising a family” (74 percent) and “making a valuable contribution” to their community (74 percent).

“Owning a home” is seen as a big part of achieving the dream for nearly 7 in 10 (69 percent). About 6 in 10 say “graduating college” (61 percent) and “being better off” than their parents (57 percent).
To most Americans, being “successful in life” comes down to how much money they have.

That should not be true, but it is.

And this is ultimately what Trump will be judged on.

If the economy is improving by 2020, voters will tend to evaluate him favorably. But if the economy is faltering during the next election season, it will be more difficult for him to get a second term.

So what Trump and all those that support Trump should want is for the coming recession to begin and end as quickly as possible.

However, there is also the possibility that the next recession may be a particularly bad one. Because we are in the midst of the biggest debt bubble in human history, any major downturn could ultimately spiral completely out of control. In other words, we may be facing the kind of crisis from which we never quite recover.

One expert that is warning about such a scenario is legendary investor Jim Rogers…

…get prepared because we’re going to have the worst economic problems we’ve had in your lifetime or my lifetime and when that happens a lot of people are going to disappear.

In 2008 Bear Stearns disappeared, Bear Stearns had been around over 90 years. Lehman Brothers disappeared. Lehman Brothers had been around over 150 years. A long, long time, a long glorious history they’ve been through wars, depression, civil war they’ve been through everything and yet they disappear.

So the next time around it’s going to be worse than anything we’ve seen and a lot of institutions, people, companies even countries, certainly governments and maybe even countries are going to disappear. I hope you get very worried.

when you start having bear markets as you I’m sure well know one bad thing happens and another bad thing happens and these things snowball just like in bull markets good news comes out then more good news comes out the next thing you know you’re five or six or seven years into a bull market.

Well bear markets do the same thing and so we have a lot of bad news on the horizon. I haven’t even gotten to war. I haven’t even gotten to trade war or anything like that but you know things do go wrong.
If it is as bad as Rogers is suggesting, it wouldn’t be too long before conditions in America would begin to resemble those portrayed in my novel.

Let’s hope that does not turn out to be the case.

Let’s hope that the next recession begins and ends as quickly as possible and that the U.S. economy is on a solid upswing by 2020.

And if you are a Trump supporter, don’t be too dismayed if the U.S. economy takes a major downturn in 2017. As I discussed above, it could actually be just the thing that Trump needs to set the stage for another election victory in 2020.
As a prophet reveals the truth it divides the people. (T)he worldly either want to close the mouth of the prophet, or else act as if the prophet didn’t exist, rather than repent of their sins. Popularity is never a test of truth. Ezra Taft Benson

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Toto
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Re: Financial Reserve

Postby Toto » Sat Mar 11, 2017 1:29 pm

My favorite is lawful money of the united states.....

Morgan Dollar

Image

Peace Dollar (Denounce war, proclaim peace)

Image

The American Coinage Act of 1792
One dollar - to contain three hundred and seventy one and four sixteenth (371 4/16) grains of pure silver, or four hundred and sixteen (416) grains of standard silver.

Those tend to carry a premium. My second choice is junk silver as it is usually carries the least premium. Considering the price on the Comex is disconnected from a true market value, the real value of silver should be much higher in terms of the ratio of Federal Reserve Notes to Dollars. See the categories at the bottom right side at this link: http://www.usdebtclock.org/

And considering that with gold, somebody pays to dig it out of the ground and somebody pays to put it back in the ground. It has little utility, and most of the gold ever mined still exists in storage somewhere whereas a lot of the silver is consumed then sent to the landfill where is is pretty much unrecoverable. Scarcity is one of the characteristics that makes precious metals well suited as a medium of exchange that can't be manipulated by the operation of a printing press, or electronic manipulation, and useful as an exchangeable store of value.

When the real value emerges from the dust, the value of a Dollar might make it more difficult to use in commerce for small everyday purchases. In that event, smaller denomination might be more useful in trade, such as dimes, quarters, and half dollars. (Junk silver of course)

Gold? Well, that might be best to bribe the border guards when it comes time to get out of the U.S., or to buy a really really big car! :D

I like to take the excess of my value production to acquire silver on a regular basis, regardless of the price on the bogus paper Comex because at the current published price, it is a really really good value into the future.

Federal Reserve notes are not Money, rather, evidence of debt. How can you pay a debt with a debt? :-?

So here is the reality. We are a nation in bondage to the issuers of irredeemable paper, false copper-nickel coins and imaginary bank credit. We are living in an illusion of wealth and power, but it is all based on (1) fraud, (2) lies (perjury) (3) deceit, (4) (conspiracy to defraud the United States 18 USC 371, 471, 472, 473), (5) extortionate extensions and collections or credit 18 USC 891, 892, 893, and 894, (6) racketeering 18 USC 1961, 1962 and 1963, and on to 2381 through 2386, rebellion, insurrection, treason, misprision of treason, seditious conspiracy to overthrow the government of the United States and the States which are expressly prohibited from making any Thing but gold and silver Coin a Tender in Payment of Debts. U.S. Constitution, Article I, Section 10.

Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants - but debt is the money of slaves.
May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works.
--Frederic Bastiat (1801 to 1850)

Silver
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Re: Financial Reserve

Postby Silver » Sun Mar 12, 2017 1:15 am

Great post, Toto. It is truth you are sharing. Everybody here need to go buy some silver. They need to stop ignoring your advice and buy some. I don't care if anyone thinks I'm crazy. It's time to buy while still so cheap.
As a prophet reveals the truth it divides the people. (T)he worldly either want to close the mouth of the prophet, or else act as if the prophet didn’t exist, rather than repent of their sins. Popularity is never a test of truth. Ezra Taft Benson

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Re: Financial Reserve

Postby Silver » Sun Mar 12, 2017 3:29 pm

A great comment on zerohedge:

"new runnymede brushhog Mar 12, 2017 10:34 AM
Just because the situation appears fluid does not negate inevitability. Fiat money bakes into the cake implosion. By our own human nature we are inclined to focus on the waves instead of what the tide is doing, and more importantly what is going to do.

The fiat based money/debt system in 2017 is like the guy walking around who has advanced terminal colon cancer but has no noticeable symptoms and is blissfully unaware of his impending catastrophe, and makes decisions accordingly, albeit with faulty assumptions. Our theoretical guy could have been saved had he had the right knowledge and received timely competent treatment. Our nature inclines us to only focus on today and on our own perceived interests, even if it unwittingly kills us tomorrow. The consequences do not care what our intentions were/are.

The financial system is dead man walking. We're just in the penultimate (looting) stage of the drama.

"Things and actions are what they are, and the consequences of them will be what they will be: why then should we desire to be deceived?" Bishop Butler

Laws of nature/physics: infinity

Pretentious humans: 0"

http://www.zerohedge.com/news/2017-03-1 ... nt-9175055
As a prophet reveals the truth it divides the people. (T)he worldly either want to close the mouth of the prophet, or else act as if the prophet didn’t exist, rather than repent of their sins. Popularity is never a test of truth. Ezra Taft Benson

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Re: Financial Reserve

Postby Toto » Mon Mar 13, 2017 12:30 pm

Jim Willie Issues Warning On Seven Bowls Apocalypse: “HELL ON EARTH!”
Posted on March 12, 2017 by The Doc

Gold & Silver might be the best protection for the financial and economic deterioration, if not destruction, as individuals and financial entities work to ensure the preservation of their assets. However, Gold & Silver should be part of any concerted effort toward preparedness

PERSONAL & FINANCIAL PROTECTION SHIELD

It is always wise to prepare for emergency times. People should accumulate supplies of water, dried food, canned food, clothes, vitamins, medical supplies, grooming supplies, toilet paper, and much more. They should also remove paper assets from their private financial stock. The old motto of buy low / sell high seems to be forgotten by the moronic sheeple which chase rising stocks, only to suffer very serious damage in financial loss later.

Best to sell what the central banks and big banks have been propping up, namely stocks and bonds. Bank certificates are not safe either. If and when big banks are toppled and go bust during the contagion extending from the Systemic Lehman event on the horizon, the bank bail-ins threaten the personal deposits.

Best to buy what the central banks and big banks have been suppressing, namely Gold & Silver invested in the form of bars and coins. These are extremely dangerous times, and they are likely to get worse.

MUST READ: Full article here: http://www.silverdoctors.com/gold/gold- ... im-willie/

Website: http://www.goldenjackass.com/main5.html
May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works.
--Frederic Bastiat (1801 to 1850)

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Re: Financial Reserve

Postby iWriteStuff » Tue Mar 14, 2017 12:06 pm

Toto wrote:
Mon Mar 13, 2017 12:30 pm
Jim Willie Issues Warning On Seven Bowls Apocalypse: “HELL ON EARTH!”
Posted on March 12, 2017 by The Doc

Gold & Silver might be the best protection for the financial and economic deterioration, if not destruction, as individuals and financial entities work to ensure the preservation of their assets. However, Gold & Silver should be part of any concerted effort toward preparedness

PERSONAL & FINANCIAL PROTECTION SHIELD

It is always wise to prepare for emergency times. People should accumulate supplies of water, dried food, canned food, clothes, vitamins, medical supplies, grooming supplies, toilet paper, and much more. They should also remove paper assets from their private financial stock. The old motto of buy low / sell high seems to be forgotten by the moronic sheeple which chase rising stocks, only to suffer very serious damage in financial loss later.

Best to sell what the central banks and big banks have been propping up, namely stocks and bonds. Bank certificates are not safe either. If and when big banks are toppled and go bust during the contagion extending from the Systemic Lehman event on the horizon, the bank bail-ins threaten the personal deposits.

Best to buy what the central banks and big banks have been suppressing, namely Gold & Silver invested in the form of bars and coins. These are extremely dangerous times, and they are likely to get worse.

MUST READ: Full article here: http://www.silverdoctors.com/gold/gold- ... im-willie/

Website: http://www.goldenjackass.com/main5.html
I love a good bullion coin as much as the next guy, but Jim Willie is more or less a salesman. He's been preaching the same sermon since 2013:

http://www.silverdoctors.com/gold/gold- ... n-in-2013/

Back then, gold was at $1,650 and silver at $32. Where are we now? Oh, right. $1,200 and $17. Meaning if you bought on the day you read the above "newsletter", you'd be down 28% and 47% respectively.

Gold and silver aren't investments - they are insurance against systemic collapse. Buy them as such, but don't plow your whole savings into them hoping to sell them back to the same guy for more money later on down the road.

*Footnote: he implies it's wise to bet against a central bank. I'd put it to you that eventually you'll be right if you do, but they are gonna put up a heckuva fight before they go down. Can you handle the volatility of watching your stash of gold or silver get devalued almost daily? You either throw money at them that you can afford to "lose" and use them as insurance, or you better stock up on Tums for all the anxiety you'll have watching them get pushed lower.
"The interesting thing about our age is that not many people are really fooled – we are going into perdition with our eyes open; the separation of the tares and the wheat is to be strictly a free-will affair."

Hugh Nibley

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Re: Financial Reserve

Postby Toto » Tue Mar 14, 2017 3:31 pm

A lot of folks consider me delusional, but iWriteStuff too anyway. While I question everything, a lot of my sources lead me to believe the Dow will hit 30,000 and PM’s will drop further before the excrement hits the air propulsion unit. It’s hard to say unless you have a connection to the families, and it seems they are losing control. I have one source who says they have abandoned the microchip in favor of the debit card for an electronic form of currency, but it might as well be a microchip. It’s not about the money, it’s all about control.

I jumped on the preparedness bandwagon about 14 years ago, beginning with food (medicine), water, planting a garden, medical supplies, clothing etc., and precious metals in preparation for a financial crack up. But I can’t say I was wrong in that the crack up never came because it did in 2008. And I was ready. More so now, and grateful for the extension of time to prepare further. But who could anticipate the system would extend via quantative easing?

I began buying silver in 2003 when it was about $5.80 FRN’s per ounce. Then one day in 2008 my ride got totaled, insurance didn’t cover, and I had to take out a loan for a new one. In 2010 I sold enough at about $18.00, to pay off the loan. So I tripled my FRN’s and got out of debt, and remain out of debt to this day, and continue to acquire PM’s. When my father passed away in 2010 I got a small inheritance, some gold and silver, and socked the FRN's away in silver at about $28.00. Have I had a gain as an investment? Probably not; Maybe considering cost averaging. I'm not sure, haven't really kept track, and it would be a lot of work to dig it all up and count it. But I care not. I make my way in this life by producing values for others. It a linear income, I'm not rich, but I get what I need and I'm happy with that. I've heard it said that the one who has the most is the one that needs the least.

Sometimes I buy low, sometimes I buy high, and cost averaging balances things out. So, I just accumulate when funds are available no matter the phony manipulated price on the Comex. And yes, I consider it insurance, not an investment. But consider this. In 1913, the average pay for a 12 hour day of hauling lumber off a mountain was 1/10th an ounce of silver. If you look at the price of silver on the fraudulent Comex paper exchange, right now $17.00 is a great deal that translates to 9.4 oz. of silver a day at $160.00 in FRN’s for an 8 hr. work day.


I’ll take the silver thank you. I consider the real value of PM’s is related to the cost in labor to get it out of the ground and coin into Money.

But I have a problem in my immediate sphere of influence and with this discussion group is as far as individuals make A points and miss THE point altogether.

Thomas Jefferson wrote this in a letter to John Adams, in 1787: "All the perplexities, confusion, and distress in America arise, not from defects of the Constitution, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation."

THE point, or at least the one I am trying to make here, is that the one and only purpose of paper money is to get something for nothing. When one party gets something for nothing, another party gets nothing for something. When any party gets nothing for something, that party has been robbed. What most victims of paper money fail to see is that the first user of it has to get it for nothing and with it gets everything for nothing and the last user must get absolutely nothing for it. All in between are proportionally robbed, depending on how long they hold it. God forbids it; our Constitution precludes it; there can be no modern wars nor communism without it.

If our purpose is to denounce war and proclaim peace, the Federal Reserve will have to be sent to the dustbin of history, and the only way to do that is to return to a sound monetary system, and I’m a proponent of constitutional law, and a constitutional republic, and its restoration.

So I agree with you iWriteStuff in that PMs shouldn’t be considered an investment, and I do hold them as insurance. I agree with Jim Willie in that we should prepare in all things temporal. Isn't that what the Church has said we should do? And give great consideration to Bill Holter who says the financial crack up boom could happen in 72 hrs. I keep a reserve of 3 month’s FRN’s (a necessary evil) for a bank holiday. And I don’t have a single regret for having prepared yesterday for what could happen tomorrow.

Considering the economic system as is now current, Ayn Rand sounds prophetic when she wrote; “Making money was the highest activity of men before looters invaded the nerve-center of capitalism and abolished the gold-reserve requirement for the issuance of Federal Reserve notes in 1968. Ever since "making money" has been the lowest activity of men whereby the savers and producers are fleeced of their substance. Watch for the day when the last meaningful productive job in America is exported to China. On that day American society will become a zoo, and American citizens will be reduced to the station of animals in the cage, totally dependent on the zoo-keeper for food and shelter.”

So personally, I’m almost comfortable enough with my preparations to say, “BRING IT ON.” Except I should probably brush up on my Mandarin Chinese?

Robert H. Hemphill, Credit Manager of the Federal Reserve Bank of Atlanta Georgia, said:

"This is a staggering thought. We are completely dependent on the commercial banks.Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defect remedied very soon."

The point I am trying to make is if we don’t soon change the paradigm and repent of our financial transgressions, among other issues like the required oath of office in support of the Constitution, our doom is fixed!

But then if my countrymen don’t wake up soon, we might just meet eyeball to eyeball in on of Shillery’s “happy camps.”

I’ve heard it said that nothing in this life is sure but death and taxes, but I have a different view. There is no death, and nobody is paying taxes. They only think they are paying taxes.

But one thing is for sure. At the end of this sojourn, we will stand in the light of full understand, and appointed our appropriate place in the next one. So if in heaven we don’t meet, I hope we both enjoy the heat.
Last edited by Toto on Tue Mar 14, 2017 4:53 pm, edited 1 time in total.
May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works.
--Frederic Bastiat (1801 to 1850)

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Re: Financial Reserve

Postby Silver » Tue Mar 14, 2017 3:45 pm

Post of the Month Award goes to Toto. ^^^^^^^^
As a prophet reveals the truth it divides the people. (T)he worldly either want to close the mouth of the prophet, or else act as if the prophet didn’t exist, rather than repent of their sins. Popularity is never a test of truth. Ezra Taft Benson

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Re: Financial Reserve

Postby iWriteStuff » Wed Mar 15, 2017 6:37 am

Silver wrote:
Tue Mar 14, 2017 3:45 pm
Post of the Month Award goes to Toto. ^^^^^^^^
I'd "Thank" ya both if I could! Man I miss that function.

Moderation is all I'm preaching here. I don't disagree with any of the rest of the sermon.
"The interesting thing about our age is that not many people are really fooled – we are going into perdition with our eyes open; the separation of the tares and the wheat is to be strictly a free-will affair."

Hugh Nibley

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Re: Financial Reserve

Postby Silver » Wed Mar 15, 2017 9:15 am

iWriteStuff wrote:
Wed Mar 15, 2017 6:37 am
Silver wrote:
Tue Mar 14, 2017 3:45 pm
Post of the Month Award goes to Toto. ^^^^^^^^
I'd "Thank" ya both if I could! Man I miss that function.

Moderation is all I'm preaching here. I don't disagree with any of the rest of the sermon.
I always tell people to not use their grocery money on precious metals. So when Noah was building the Ark, did he do it with moderation? LOL
As a prophet reveals the truth it divides the people. (T)he worldly either want to close the mouth of the prophet, or else act as if the prophet didn’t exist, rather than repent of their sins. Popularity is never a test of truth. Ezra Taft Benson

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Re: Financial Reserve

Postby iWriteStuff » Fri Apr 07, 2017 9:20 am

Silver wrote:
Wed Mar 15, 2017 9:15 am
iWriteStuff wrote:
Wed Mar 15, 2017 6:37 am
Silver wrote:
Tue Mar 14, 2017 3:45 pm
Post of the Month Award goes to Toto. ^^^^^^^^
I'd "Thank" ya both if I could! Man I miss that function.

Moderation is all I'm preaching here. I don't disagree with any of the rest of the sermon.
I always tell people to not use their grocery money on precious metals. So when Noah was building the Ark, did he do it with moderation? LOL
Well, it DID take Noah almost 120 years to build the ark, according to some scholars ;)

Picking myself up a 10 oz RCM bar. Nice tip on the Canadians. They know their stuff!
"The interesting thing about our age is that not many people are really fooled – we are going into perdition with our eyes open; the separation of the tares and the wheat is to be strictly a free-will affair."

Hugh Nibley

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Re: Financial Reserve

Postby Older/wiser? » Sat Apr 08, 2017 5:01 pm

iWriteStuff wrote:
Fri Apr 07, 2017 9:20 am
Silver wrote:
Wed Mar 15, 2017 9:15 am
iWriteStuff wrote:
Wed Mar 15, 2017 6:37 am
Silver wrote:
Tue Mar 14, 2017 3:45 pm
Post of the Month Award goes to Toto. ^^^^^^^^
I'd "Thank" ya both if I could! Man I miss that function.

Moderation is all I'm preaching here. I don't disagree with any of the rest of the sermon.
I always tell people to not use their grocery money on precious metals. So when Noah was building the Ark, did he do it with moderation? LOL
Well, it DID take Noah almost 120 years to build the ark, according to some scholars ;)

Picking myself up a 10 oz RCM bar. Nice tip on the Canadians. They know their stuff!
I would be surprised if many forum members don't feel the same way, some of us are just less vocal . As far as spending grocery money nobody has to, all one needs to do is just come to the conclusion that the monetary system is flawed , and look at some history to see what's coming. Then it's easy, just quit
eating fast food, cut back on junk and you get a shiny nest egg. Almost everyone wastes some of there resources , may as well have something to show for it. I love having insurance that I can pass down to the kids.

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Re: Financial Reserve

Postby Silver » Sun Apr 09, 2017 8:59 pm

I just thought of another reason everyone here should buy silver. A lot of silver, a highly conductive material, is used in bombs and missiles. The more silver you own the fewer bombs Trump will have at his disposal to kill innocents.
As a prophet reveals the truth it divides the people. (T)he worldly either want to close the mouth of the prophet, or else act as if the prophet didn’t exist, rather than repent of their sins. Popularity is never a test of truth. Ezra Taft Benson

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Re: Financial Reserve

Postby Toto » Sun Apr 09, 2017 9:35 pm

ALERT: Secret Hidden Silver Hoard…2.75 Billion Ounces! (Bix Weir)
from RoadtoRoota:

SECRET SILVER HOARD! In 1943 the US Government secretly transferred 2.75 Billion ounces of silver to make the first atomic bomb! And they had to tear down the facility to get the silver in 1992-94!! You can’t make this stuff up!!

https://www.youtube.com/watch?v=R_kR9d8 ... e=youtu.be
May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works.
--Frederic Bastiat (1801 to 1850)

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Re: Financial Reserve

Postby Silver » Mon Apr 10, 2017 11:42 am

At the link below you can see how the purchasing power of the US dollar has declined since the beginning of the 20th century. The Marmalade In Chief once spoke of spending an extra trillion dollars on infrastructure in the near term. Of course, it could only be paid for via deficit spending, or as your mother would call it -- debt. That is not a winning plan and will further reduce the value of the US$.

Anyway, nice little educational tool at the link that you could use in Family Home Evening tonight to teach your children about the horrors of debt in general, and about Federal Reserve Hiney Wipes in particular.

http://www.visualcapitalist.com/buying- ... r-century/
As a prophet reveals the truth it divides the people. (T)he worldly either want to close the mouth of the prophet, or else act as if the prophet didn’t exist, rather than repent of their sins. Popularity is never a test of truth. Ezra Taft Benson

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Re: Financial Reserve

Postby Silver » Mon Apr 10, 2017 11:56 am

Your overlords at the IMF which is heavily supported by the USA (Hey, you, Marmalade! Are we still winning?), have a plan to remove cash from the economy so they can better regulate and tax you.

You might want to prepare for the day when you can barter with physical goods and those little shiny things that are good.*

http://www.munknee.com/imf-plan-to-forc ... heres-how/

*Genesis 1:
9 ¶ And God said, Let the waters under the heaven be gathered together unto one place, and let the dry land appear: and it was so.

10 And God called the dry land Earth; and the gathering together of the waters called he Seas: and God saw that it was good.
As a prophet reveals the truth it divides the people. (T)he worldly either want to close the mouth of the prophet, or else act as if the prophet didn’t exist, rather than repent of their sins. Popularity is never a test of truth. Ezra Taft Benson

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Re: Financial Reserve

Postby brianj » Tue Apr 11, 2017 8:34 pm

Silver wrote:
Sun Apr 09, 2017 8:59 pm
I just thought of another reason everyone here should buy silver. A lot of silver, a highly conductive material, is used in bombs and missiles. The more silver you own the fewer bombs Trump will have at his disposal to kill innocents.
Is it the killing of innocent jihadists or Trump you have a problem with?

I don't recall any complaints from you over the 20,000+ bombs Obama dropped last year.

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Re: Financial Reserve

Postby Silver » Tue Apr 11, 2017 8:45 pm

brianj wrote:
Tue Apr 11, 2017 8:34 pm
Silver wrote:
Sun Apr 09, 2017 8:59 pm
I just thought of another reason everyone here should buy silver. A lot of silver, a highly conductive material, is used in bombs and missiles. The more silver you own the fewer bombs Trump will have at his disposal to kill innocents.
Is it the killing of innocent jihadists or Trump you have a problem with?

I don't recall any complaints from you over the 20,000+ bombs Obama dropped last year.
Hi, brianj,
As I mentioned to another member here, Obama's actions were recognized as bad by such a large majority of the gang here I hardly thought it necessary to mention his transgressions. If you'd like, in the future I can start my comments off with a truism like: Both Obama and Trump are similar in their betrayals of the American people because they...

I sort of feel like you're baiting me with the term "innocent jihadists". Jihadists are made, not born. So whenever one of our bombs kills a baby or child, an individual who has not yet been taught to hate America, then I think everyone here should complain what is being done in the name of the American people, don't you? Of course, we also need to consider, as wisely counseled by Dr. Ron Paul, how many of our current problems are due to blowback.

By the way, many throw around the epithet "jihadist" as a way to demonize some of God's children, but I wonder if the old Christian hymn "Onward Christian Soldier" causes problems for people of other religions. What's good for the goose...
As a prophet reveals the truth it divides the people. (T)he worldly either want to close the mouth of the prophet, or else act as if the prophet didn’t exist, rather than repent of their sins. Popularity is never a test of truth. Ezra Taft Benson

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Re: Financial Reserve

Postby Silver » Tue Apr 11, 2017 8:52 pm

brianj wrote:
Tue Apr 11, 2017 8:34 pm
Silver wrote:
Sun Apr 09, 2017 8:59 pm
I just thought of another reason everyone here should buy silver. A lot of silver, a highly conductive material, is used in bombs and missiles. The more silver you own the fewer bombs Trump will have at his disposal to kill innocents.
Is it the killing of innocent jihadists or Trump you have a problem with?

I don't recall any complaints from you over the 20,000+ bombs Obama dropped last year.
Thanks to our fellow member, Joel, here's a good example of Trump being just as awful as Obama. This is why I urge everyone to forget about the holy letter R that follows the name of about half of the politicians. The Republicans are just as bad as the Democrats.

If you'll read the article, you'll need to alter your paradigm. I pray you have the courage to do so.

http://lawnewz.com/legal-analysis/sure- ... rom-obama/
Sounds Like Trump Literally Stole His Legal Justification for Syria Attack… From Obama
by Rachel Stockman | 9:45 am, April 9th, 2017

After arguing for years that America should not intervene in Syria (and thoroughly criticizing Obama along the way), President Donald Trump reversed course and okayed the launch of missile airstrikes against Syria’s government last week. Trump’s Press Secretary Sean Spicer has stated that the attacks were a “justified and proportional” response to to the Assad regime attacks that left dozens of his own people dead. However, we have yet to hear the administration’s legal justification for such attacks — until now.

After all, as many have pointed out from both sides of the political aisle, the Constitution requires that Congress give approval before a President engages in an act of war. President Trump did not get approval from Congress. As I wrote about previously, Presidents have strayed from this concept over the last 70 years, but the bottom line is they all have relied on some kind of legal justification for unilaterally using military force without the consent of Congress. So what is Trump’s legal justification and is it constitutional?

Just Security, a well-respected national security blog run by several law professors and experts in the field, have obtained a memo that reportedly was developed by the Trump administration as talking points and purports to state Trump’s legal justification for Syria. And guess what? Looks like his attorneys stole the legal justification for the attack on Syria right out of the Obama playbook. Obama’s legal reasoning for intervening in Libya and Trump’s justification couldn’t be more similar.

The Trump memo states that the United States has a strong “national interest” in preserving regional stability in an area full of terrorist groups and the use of force would help prevent bad actors from obtaining weapons that could be used against the United States.

Sound familiar? It should, the words are pretty similar to what Obama’s lawyers wrote in a 2011 Office of Legal Counsel’s Memorandum justifying that use of military force in Libya without congressional approval.

Like Trump, Obama said he met with various congressional leaders before making his decision to use military force in Libya. And like Trump, Obama claimed that the intervention would promote the United States’ national interests.
As a prophet reveals the truth it divides the people. (T)he worldly either want to close the mouth of the prophet, or else act as if the prophet didn’t exist, rather than repent of their sins. Popularity is never a test of truth. Ezra Taft Benson

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Re: Financial Reserve

Postby brianj » Wed Apr 12, 2017 7:43 pm

Silver wrote:
Tue Apr 11, 2017 8:45 pm
Hi, brianj,
As I mentioned to another member here, Obama's actions were recognized as bad by such a large majority of the gang here I hardly thought it necessary to mention his transgressions. If you'd like, in the future I can start my comments off with a truism like: Both Obama and Trump are similar in their betrayals of the American people because they...

I sort of feel like you're baiting me with the term "innocent jihadists". Jihadists are made, not born. So whenever one of our bombs kills a baby or child, an individual who has not yet been taught to hate America, then I think everyone here should complain what is being done in the name of the American people, don't you? Of course, we also need to consider, as wisely counseled by Dr. Ron Paul, how many of our current problems are due to blowback.

By the way, many throw around the epithet "jihadist" as a way to demonize some of God's children, but I wonder if the old Christian hymn "Onward Christian Soldier" causes problems for people of other religions. What's good for the goose...
I don't recall much criticism of Obama from you, so I felt the need to ask. I know a lot of leftists who are harshly criticizing Trump for a few actions that are very similar to actions Obama took - which those people supported. Hopefully you can understand the question.

Remember that the targets of our bombs are jihidists; we aren't targeting little children. But who makes jihadists? You can argue that jihadists are only made when a baby or child is killed, but you would be wrong. If you have the money and the recklessness, go visit Pakistan. You'll find the people in the poor areas of Pakistan believe that they are only poor because the US is keeping money away from them, and the humanitarian aid that we send so they don't starve is some kind of effort to subjugate them. Those beliefs predate the US bombings of northern Pakistan.
Hatred of America and Christianity are just like racism. Nobody is born a jihadist or a racist, and you don't need to be victimized by Americans or minorities to become a jihadist or a racist. You just need people to inculcate those beliefs - something that is happening frequently and effectively throughout the Muslim world.

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Re: Financial Reserve

Postby Silver » Wed Apr 26, 2017 9:37 am

http://www.commoditytrademantra.com/gol ... sis-hedge/

Gold is Good as an Inflation Hedge, but Better as a Crisis Hedge

Gold is known as an inflation hedge, but its role as a crisis hedge is even more important.

Gold is anti-fragile, to use the term coined by risk analyst and bestselling author Nassim Taleb. When currencies collapse and economies falter, Gold can ensure your survival, financially and literally.

Below are 3 examples of crises during which you would have been fortunate to own Gold, as follows:
1: An Economic Crisis
During the Great Depression, 37% of all non-farm workers were unemployed and many families were financially destitute. Investments and economic growth were at abysmal levels: from Y’s 1929 to 1933, the Dow Jones fell by 90% and the US GDP dropped 30%.
Up until 1934, the US was on a Gold standard, which allowed citizens to redeem paper dollars for gold. There are many indications that Americans flock to gold when economic problems begin to emerge.

After the initial crash of 1929, redemption’s of paper for Gold skyrocketed. Withdrawals were so large throughout 1929–1930 that interest rates had to be raised to halt the outflows.

Just like Indians today, Americans understood that Gold was superior to paper (fiat) currency. As Gold is money, it is payment in and of itself. Paper currency is simply a promise to pay.

Withdrawals eventually became so overwhelming that on 5 April 1933, President Franklin D. Roosevelt signed Executive Order 6102, which prohibited private ownership of Gold. The following year, as part of the Gold Reserve Act, the government changed the Gold price from $20.67 to $35.00/oz.

Another indicator of the move into Gold was the performance of the largest Gold mining company at the time, Homestake Mining. While the Dow Jones fell 90%, Homestake was up 474% between 1929 and 1933.

From increasing redemption’s to investing in Gold companies, the actions of Americans show that even in a deflationary collapse, Gold is the “Go-to” asset.

2: A Currency Crisis
During Weimar Germany’s episode of hyperinflation, inflation peaked at 200,000,000,000% (that is 200-B %) in 1923. Prices 2X’d every 15 hours. Millions of hard-working, thrifty Germans found that their life’s savings would not buy a cup of coffee.
My family was from Germany and I recall as a boy them saying that it once took a “wheel barrel” full of Marks to buy a loaf of bread.
While the German Mark was being inflated out of existence, the price of Gold increased exponentially. In January 1919, one ounce of Gold sold for 170 Marks; by November 1923, it cost 87-T Marks.
german marks.jpg
german marks.jpg (89.49 KiB) Viewed 1158 times
As in many currency crises throughout history, those who held a portion of their savings in Gold escaped total wipe-out.

But Gold doesn’t need a full-blown currency crisis to perform well.
In the 2 weeks in Y 2016 following Britain’s Brexit vote, Gold priced in Sterling rose 24%. The same happened in Russia in late Y 2014 when Gold priced in rubles rose 79% in only months.

3: A Banking Crisis
Bank holidays are directly punishing depositors and savers, as the citizens on the island of Cyprus discovered 1st hand.
Needing a cash injection to stay afloat, Cypriot banks raided customer accounts in early Y 2013, taking 6.75% of deposits in accounts under EUR 100,000 and 40% in accounts over EUR 100,000.
This happened overnight, and without warning.
By the time depositors pulled their money out of the banks, it was too late.

Cypriots with savings outside of the banking system, such as in Gold escaped intact. During the debacle, Gold priced in EUR’s rose by around 50 Euros.

Gold has proved a useful asset to own during banking crises throughout history. Not only is it useful when banks move to take your savings, Gold also profits from the uncertainty that arises from such events.

The Big Q: Having looked at the precious Yellow metal’s performance during different crises, what lessons can we learn?
The Big A: Gold is crisis insurance

Whether there is hyperinflation or a banking collapse, Gold has historically been the asset to own in times of turmoil. Given its intrinsic value and safe-haven status, there is no doubt that Gold will remain a wealth preservation tool during financial crises.

The reaction of the Indian people to a potential Gold ban is the latest reminder of why owning Gold is important.

Crises do not come along often, but when they do, it is better to be safe than sorry. – Paul Ebeling
As a prophet reveals the truth it divides the people. (T)he worldly either want to close the mouth of the prophet, or else act as if the prophet didn’t exist, rather than repent of their sins. Popularity is never a test of truth. Ezra Taft Benson

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Re: Financial Reserve

Postby Toto » Wed Apr 26, 2017 10:10 pm

brianj wrote:
Actually, he shouldn't have posted it at all. Article 1 section 10 of the Constitution of the United States of America prohibits THE STATES from making "any Thing but gold and silver Coin a Tender in Payment of Debts." Earlier in US history each of the states had their own currency and you couldn't spend Virginia money in Pennsylvania. This clause of the Constitution was put in not to limit the federal government, but to limit states. Article 1 section 8 grants Congress the authority to create money and regulate the value thereof, with no restriction on what can constitute money.
Actually you are incorrect bianj. True, the Constitution prohibits the States from making any Thing but Silver and Gold Coin a tender in payment of debt. But it also prohibits the States from coining the LAWFUL MONEY of the united States. But it DOES NOT give authority for the Federal Government to issue currency WITHOUT RESTRICTION on what constitutes money. The Federal Reserve is operating illegally according to the Supreme Law of the Land, and Federal Reserve Notes do not qualify as MONEY by any stretch of the imagination!

But then, I remember when sex was dirty and the air was clean.

We used to have a constitutional republic, but if there is anything constitutional about the government as is now current, I am unable find it in operation today. The united states of America has been captured by the banks and the corporations that grew up around the banks that Thomas Jefferson warned about.

In Utah, in an act of unofficial misconduct, the Utah Legal Tender Act was supposedly passed making Gold and Silver a legal tender, which was really an admission they were using anything BUT Silver and Gold Coin as a legal tender, in violation of the Constitution. One thing that changed was that it made Silver and Gold Coin minted inside the State of Utah a Tender in Payment of Debt WITHIN THE STATE OF UTAH, which I believe falls under the category of the state having all rights not reserved to the Federal Government. But such a coin would not be a legal tender in other states. And after the law was supposedly passed, one gentlemen tried to pay his property taxes in Silver Coin and was told the State did not know how to make the transaction.

So much window dressing and political posturing by career politicians. Very sad how far we have strayed, and it’s not looking good the individual seeking the Celestial Kingdom, and a tough row to hoe for anyone actually trying to exercise his faith.

But the states are prohibited from coining the LAWFUL MONEY of the united States. Furthermore, the mint is required by law to purchase enough silver to coin the currency in sufficient quantities to facilitate commerce, despite the cost or origin of the metal. But they have not been doing that, and rationing has happened in the recent past. 1 ounce Silver Eagles, a silver round in my opinion, are often hard to come by at times in my local.

Actually, the People are free to use anything they please as money, so long as both parties are in agreement. But the States are prohibited from accepting, say sea shells, as a legal tender in payment of debts owed the State, only Gold and Silver Coin.

If the State of Utah was collecting Gold and Silver Coin it would preserve its ability to carry out its lawful functions in the event of a currency crash of the Federal Reserve Note. I would also note that the cost of printing an FRN is about 3 cents, and since the FRN has lost about 97 percent of its purchasing power since the Federal Reserve came into operation, the value of the Federal Reserve Note is already essentially ZERO in the economy as is now current, IMHO.

But here’s the thing. Slavery did not work in the past because the slaves were purchased with paper money, but the slave owners could sell the slaves, which did not turn a profit for the Federal Reserve as they could not perfect the collateral. But consider the current push towards a cashless society, such as recently in India. Believe it or not, this is part and parcel of what the war on cash is all about. The plan was always about getting a one world currency. If they were able to go to the microchip, or a Debit Card as I hear they have decided to do 100% instead, then they perfect the collateral and you can forget about any of the supposed Liberty you THINK you have left, and resign yourself to being a slave on the GLOBAL PLANTATION. (Only what, about five countries that don’t have a central bank left to conquer?)

Toto is not keen on the idea of being totally enslaved by a bunch of inbred psychopaths who worship Lucifer and think they are qualified to rule the planet. Toto likes to use the symbolism of the Wizard of Oz, and the little dog who pulled away the curtain to expose the Wizard. But Toto is having a tough time, having been forced by his countrymen into being a happy idiot in his struggle for the "illegal tender," to find the time or summon up the intellectual prowess to get his point across with so many fast asleep in the poppy fields. As Cleon Skousen said in a current events class I attended, the "Elders are asleep." I was surprised to hear a man of his stature say such a thing, but given the state of affairs at the time, I couldn’t disagree with him.

But Toto deserves an E for effort, no?
May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works.
--Frederic Bastiat (1801 to 1850)

Silver
captain of 1,000
Posts: 4523
Joined: Sun Jul 19, 2015 3:31 pm

Re: Financial Reserve

Postby Silver » Wed Apr 26, 2017 10:23 pm

Toto wrote:
Wed Apr 26, 2017 10:10 pm
brianj wrote:
Actually, he shouldn't have posted it at all. Article 1 section 10 of the Constitution of the United States of America prohibits THE STATES from making "any Thing but gold and silver Coin a Tender in Payment of Debts." Earlier in US history each of the states had their own currency and you couldn't spend Virginia money in Pennsylvania. This clause of the Constitution was put in not to limit the federal government, but to limit states. Article 1 section 8 grants Congress the authority to create money and regulate the value thereof, with no restriction on what can constitute money.
Actually you are incorrect bianj. True, the Constitution prohibits the States from making any Thing but Silver and Gold Coin a tender in payment of debt. But it also prohibits the States from coining the LAWFUL MONEY of the united States. But it DOES NOT give authority for the Federal Government to issue currency WITHOUT RESTRICTION on what constitutes money. The Federal Reserve is operating illegally according to the Supreme Law of the Land, and Federal Reserve Notes do not qualify as MONEY by any stretch of the imagination!

But then, I remember when sex was dirty and the air was clean.

We used to have a constitutional republic, but if there is anything constitutional about the government as is now current, I am unable find it in operation today. The united states of America has been captured by the banks and the corporations that grew up around the banks that Thomas Jefferson warned about.

In Utah, in an act of unofficial misconduct, the Utah Legal Tender Act was supposedly passed making Gold and Silver a legal tender, which was really an admission they were using anything BUT Silver and Gold Coin as a legal tender, in violation of the Constitution. One thing that changed was that it made Silver and Gold Coin minted inside the State of Utah a Tender in Payment of Debt WITHIN THE STATE OF UTAH, which I believe falls under the category of the state having all rights not reserved to the Federal Government. But such a coin would not be a legal tender in other states. And after the law was supposedly passed, one gentlemen tried to pay his property taxes in Silver Coin and was told the State did not know how to make the transaction.

So much window dressing and political posturing by career politicians. Very sad how far we have strayed, and it’s not looking good the individual seeking the Celestial Kingdom, and a tough row to hoe for anyone actually trying to exercise his faith.

But the states are prohibited from coining the LAWFUL MONEY of the united States. Furthermore, the mint is required by law to purchase enough silver to coin the currency in sufficient quantities to facilitate commerce, despite the cost or origin of the metal. But they have not been doing that, and rationing has happened in the recent past. 1 ounce Silver Eagles, a silver round in my opinion, are often hard to come by at times in my local.

Actually, the People are free to use anything they please as money, so long as both parties are in agreement. But the States are prohibited from accepting, say sea shells, as a legal tender in payment of debts owed the State, only Gold and Silver Coin.

If the State of Utah was collecting Gold and Silver Coin it would preserve its ability to carry out its lawful functions in the event of a currency crash of the Federal Reserve Note. I would also note that the cost of printing an FRN is about 3 cents, and since the FRN has lost about 97 percent of its purchasing power since the Federal Reserve came into operation, the value of the Federal Reserve Note is already essentially ZERO in the economy as is now current, IMHO.

But here’s the thing. Slavery did not work in the past because the slaves were purchased with paper money, but the slave owners could sell the slaves, which did not turn a profit for the Federal Reserve as they could not perfect the collateral. But consider the current push towards a cashless society, such as recently in India. Believe it or not, this is part and parcel of what the war on cash is all about. The plan was always about getting a one world currency. If they were able to go to the microchip, or a Debit Card as I hear they have decided to do 100% instead, then they perfect the collateral and you can forget about any of the supposed Liberty you THINK you have left, and resign yourself to being a slave on the GLOBAL PLANTATION. (Only what, about five countries that don’t have a central bank left to conquer?)

Toto is not keen on the idea of being totally enslaved by a bunch of inbred psychopaths who worship Lucifer and think they are qualified to rule the planet. Toto likes to use the symbolism of the Wizard of Oz, and the little dog who pulled away the curtain to expose the Wizard. But Toto is having a tough time, having been forced by his countrymen into being a happy idiot in his struggle for the "illegal tender," to find the time or summon up the intellectual prowess to get his point across with so many fast asleep in the poppy fields. As Cleon Skousen said in a current events class I attended, the "Elders are asleep." I was surprised to hear a man of his stature say such a thing, but given the state of affairs at the time, I couldn’t disagree with him.

But Toto deserves an E for effort, no?
Toto, here's your E: blEssings on you for speaking the truth.
As a prophet reveals the truth it divides the people. (T)he worldly either want to close the mouth of the prophet, or else act as if the prophet didn’t exist, rather than repent of their sins. Popularity is never a test of truth. Ezra Taft Benson


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