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Re: Financial Reserve

Posted: January 13th, 2017, 9:01 am
by Silver
“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)

Re: Financial Reserve

Posted: January 27th, 2017, 11:42 am
by iWriteStuff
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 :)

Re: Financial Reserve

Posted: January 27th, 2017, 12:20 pm
by brianj
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.

Re: Financial Reserve

Posted: January 27th, 2017, 12:28 pm
by iWriteStuff
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:

Re: Financial Reserve

Posted: January 27th, 2017, 12:58 pm
by brianj
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.

Re: Financial Reserve

Posted: January 27th, 2017, 2:09 pm
by iWriteStuff
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 :|

Re: Financial Reserve

Posted: January 27th, 2017, 10:58 pm
by Silver
iWriteStuff wrote:I guess I'm saying I like Silver right now :|
Well, uh, I, uh, I uh, I, uh, like you, too.

Re: Financial Reserve

Posted: February 13th, 2017, 7:48 am
by Silver
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.

Re: Financial Reserve

Posted: March 11th, 2017, 1:29 pm
by Toto
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.

Re: Financial Reserve

Posted: March 12th, 2017, 1:15 am
by Silver
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.

Re: Financial Reserve

Posted: March 12th, 2017, 4:29 pm
by Silver
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

Re: Financial Reserve

Posted: March 13th, 2017, 1:30 pm
by Toto
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

Re: Financial Reserve

Posted: March 14th, 2017, 1:06 pm
by iWriteStuff
Toto wrote: March 13th, 2017, 1:30 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.

Re: Financial Reserve

Posted: March 14th, 2017, 4:31 pm
by Toto
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.

Re: Financial Reserve

Posted: March 14th, 2017, 4:45 pm
by Silver
Post of the Month Award goes to Toto. ^^^^^^^^

Re: Financial Reserve

Posted: March 15th, 2017, 7:37 am
by iWriteStuff
Silver wrote: March 14th, 2017, 4:45 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.

Re: Financial Reserve

Posted: March 15th, 2017, 10:15 am
by Silver
iWriteStuff wrote: March 15th, 2017, 7:37 am
Silver wrote: March 14th, 2017, 4:45 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

Re: Financial Reserve

Posted: April 7th, 2017, 10:20 am
by iWriteStuff
Silver wrote: March 15th, 2017, 10:15 am
iWriteStuff wrote: March 15th, 2017, 7:37 am
Silver wrote: March 14th, 2017, 4:45 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!

Re: Financial Reserve

Posted: April 8th, 2017, 6:01 pm
by Older/wiser?
iWriteStuff wrote: April 7th, 2017, 10:20 am
Silver wrote: March 15th, 2017, 10:15 am
iWriteStuff wrote: March 15th, 2017, 7:37 am
Silver wrote: March 14th, 2017, 4:45 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.

Re: Financial Reserve

Posted: April 9th, 2017, 9:59 pm
by Silver
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.

Re: Financial Reserve

Posted: April 9th, 2017, 10:35 pm
by Toto
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

Re: Financial Reserve

Posted: April 10th, 2017, 12:42 pm
by Silver
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/

Re: Financial Reserve

Posted: April 10th, 2017, 12:56 pm
by Silver
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.

Re: Financial Reserve

Posted: April 11th, 2017, 9:34 pm
by brianj
Silver wrote: April 9th, 2017, 9:59 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.

Re: Financial Reserve

Posted: April 11th, 2017, 9:45 pm
by Silver
brianj wrote: April 11th, 2017, 9:34 pm
Silver wrote: April 9th, 2017, 9:59 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...