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Monthly Archives: May 2016

Our Debt-Based Monetary System


The Rules of a Debt-Based Monetary System [courtesy Google Images]

The Rules for a Debt-Based Monetary System
[courtesy Google Images]

What follows is mostly speculation.

I’m going to explore several premises and, using my version of “logic,” build on those premises.

I’m not claiming that my premises are necessarily true. I’m not claiming that my “logic” is necessarily logical.

I am claiming that these premises and my “logic” lead to some hypothetical conclusions about our debt-based monetary system that are at least interesting and perhaps surprising.

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The Best Ever


Fedor Emelianenko

Russian.  Heavyweight–235 pounds–but he frequently fought men big enough to make him look like a boy.  He was not intimidated by size.  He’d just wade in and beat them into submission or unconsciousness.

40 professional Mixed Martial Arts fights.  Won 35.  At one point, he won 28 consecutive professional fights.  At age 40, he’s still fighting.  Never a sign of arrogance.

Best ever.

video    00:09:12

 
5 Comments

Posted by on May 30, 2016 in Uncategorized, Values, Video

 

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How FBI Interviews Can Entrap


Tape recorders.  Don’t leave home without them.

video   00:06:52

 

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“Political” Limits on the Fed’s Ability to Print More Fiat Currency?


Printing "Monopoly Money" to Stimulate the Economy [courtesy Google Images]

Printing “Monopoly Money” to Stimulate the Economy
[courtesy Google Images]

Most people believe that the Federal Reserve has an unlimited capacity to print more fiat dollars and disperse them into the US and global economies.  Most people believe that the Fed will soon start another round of Quantitative Easing (“QE”; fiat currency printing) to support our sagging economy.

I have my doubts.  

Over the past several months, I’ve written more than once that I suspect that there’s a limit to the amount of fiat currency that the Fed can print.  More, I suspect the Fed is already encountering that limit and has lost its capacity and/or will to mass-produce more fiat dollars for another round of QE.

I can’t prove it and wouldn’t necessarily bet on it, but I’m unconvinced that we’re going to see another round of QE in the next few years.  

Some of the people who read this blog have posted comments that disagreed with my speculation about “limits” on the Fed’s ability to print more fiat currency.  I started to reply briefly to one of their comments but my reply grew in size until I realized that I was writing an “article” rather than a “comment” and might as well post it for all as an article on this blog:

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Posted by on May 28, 2016 in Federal Reserve, Fiat Currency, Fraud

 

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“Reset” Coming? What’s a “Reset”?


[courtesy Google Images]

[courtesy Google Images]

Greg Hunter (USAwatchdog.com) recently interviewed Rob Kirby (Kirby Analytics) in a 30-minute video. During the interview, Kirby predicted a coming economic and/or monetary “reset”.

According to Kirby,

“Today, we see China, Russia, India and others are moving to protect themselves from the systemic risk of the over-printed dollar. It’s become clear to many that the dollar’s world-reserve-currency status cannot last. It’s just a matter of time before the entire currency system will face a radical reset reflecting today’s reality.”

A “radical reset” is coming. Sounds kinda scary. But, what, exactly, is a “reset”?

Kirby continued:

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Circus Maximus A.D. 2016


The Greatest Show on Earth:  the U.S. national election.

When Alice visited Wonderland, things got “curiouser and curiouser”.

Today, things just get “weirder and weirder”.

video   00:07:33

 

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Gambling For Gold


The COMEX Golden Roulette Wheel [courtesy Google Images]

The COMEX Golden Roulette Wheel
[courtesy Google Images]

Reportedly, there are more than 540 ounce of “paper gold” for every 1 ounce of physical gold at COMEX,  That means that there are 540 paper claims for every 1 ounce of physical gold at COMEX.

Is COMEX really a “market”?  Or, given that only 1 claim out of 540 can actually “win” an ounce of physical gold, is COMEX really a lottery?

Or maybe, we should call COMEX a “raffle” similar to those held by a school to raffle off a new car.  Five thousand people buy a raffle ticket for $10 each, but only one of them will win the car.  Similarly, with COMEX, 540 “investors” each purchase a paper claim on one ounce of physical gold, but only 1 of the 540 can actually win that ounce.

Is gambling illegal in New York?

Could COMEX be sued for running an unlicensed lottery or unlicensed raffle?

What about the London Gold Market?  As you’ll see from the following graphic, the London Gold Market is every bit as much of a casino as COMEX.

The following graphic makes clear that the London Bullion Market is the principle source of the world’s “paper gold” and principle mechanism for suppressing the free-market price of physical gold.

If something were to “happen” to ruin, wreck or destroy the London Bullion Market, the price of physical gold might skyrocket.

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