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Monthly Archives: October 2008

There’s No Shortage of Gold bullion Coins and the Price of Gold is RISING!


I’ll bet the title of this article sounds absolutely nutty to anyone who follows the gold market. As any “gold bug” can tell you, the price of gold is down from a high of $1,024 earlier this year to a current price of $734 per ounce. Similarly, there’ve been virtually no silver bullion coins for sale for most of three weeks, and no gold bullion coins available for sale for one week. The price is clearly down and there’s a demonstrable shortage in the supply of gold bullion coins, so the title must be some kind of joke, right?

Nope. I meant every word in that title and I’ll show you why they’re true in the balance of this article.

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Posted by on October 26, 2008 in Economy, Gold & Silver Coin, What Can't be Paid

 

What If US Collapses? Soviet Collapse Lessons Every American Needs To Know


I’m convinced that the U.S. economy is on the verge of collapse. If I’m right—what then? I envision food shortages, riots, possible (even probable) cities aflame. But I’ve thought for some time that to accurately predict what’s likely to happen after a U.S. economic collapse, we’d do well to study the aftermath of the economic collapse that accompanied the demise of the former Soviet Union.

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Posted by on October 21, 2008 in Economy, Gold & Silver Coin, Money

 

FRCP 12(b)(6) “Failure to State a Claim for which Relief can be Granted”


For years, I’ve watched pro se plaintiff after pro se plaintiff have their complaints dismissed by federal courts based on a defendant’s pre-trial, Motion to Dismiss under Federal Rule of Civil Procedure 12(b)(6) “for failure to state a claim for which relief can be granted.” Although the federal courts’ repeatedly grant of 12(b)(6) Motions to Dismiss, the meaning of the phrase “failure to state a claim for which relief can be granted” has remained almost as obscure as that of a magical incantation (“abra cadabra!”). Everyone has heard the words but no one seems to understand what they really mean.

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Posted by on October 21, 2008 in Due Process, Notice

 

Prepare to Celebrate! There’s a (Bank) Holiday in your Future


About four months ago, I realized that the total American debt (owed by federal, state & local governments, plus that privately owed in the form of mortgages, auto loans and credit cards, etc.) was at least $75 trillion. As I’ve written repeatedly, I divided that $75 trillion debt by the total U.S. population (300 million) and thereby calculated that each American man, woman and child’s “fair share” of the American debt was $250,000 each. (I.e, the “fair share” of the total American debt for a family of four would be $1 million.)

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Posted by on October 13, 2008 in Economy, What Can't be Paid

 

The Power to Define and “this state”


For most of a year, I’ve been saying that the words are the “law of the law”. That is, I’ve realized that a intent of a “law” like “Thou shalt not kill” is determined by the meanings and definitions of the words and grammar that comprise the laws.

Broadly speaking, definitions are the “law of the law”. I begin to see that my observation that “words are the law of the law” was far more important and true than I’d supposed. I thought I’d created an interesting metaphor. I begin to see that the Good LORD may have guided me to stumble onto a profound and fundamental insight into how and where “this state” functions.

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An American Depression


During the week of September 26th thru October 3rd, the “bid” prices for: gold fell 3.7 % to $834.80; silver fell 16.1 % to $11.16; platinum fell 12.6 % to $962; palladium fell 12.2 % to $195; DJIA fell 7.3 % o 10,325.40; NASDAQ fell 10.8 % to 1,947.39; NYSE fell 10.1 % to 7,088.94; crude oil fell 12.8 % to $93.22—but the US Dollar Index rose 3.87 to 80.83. Last Friday’s markets showed that the prices of virtually all U.S. stock indexes and commodities fell; that the only “winner” was the dollar index—which rose by a spectacular 3.87 points.

Undeniably, the dollar is rising in value while virtually everything else is falling. That’s deflation—the hallmark of an economic depression and the absolute contradiction to 70 years of U.S. monetary policy: intentional inflation.

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Posted by on October 6, 2008 in Economy, Gold & Silver Coin, Money

 

The (Legal) Tender Trap


Modern “prices” are whatever the market declares. I.e., today’s “price” for a particular “asset” is whatever someone is currently willing to pay. Yesterday’s price is not today’s, and today’s is not tomorrow’s. But what is the price for something that no one currently wants to buy?

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Posted by on October 6, 2008 in Economy, Gold & Silver Coin, Money