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Category Archives: Fraud

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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“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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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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Digital Ventriloquism


Our Next President? [courtesy of Google Images]

Our Next President?
[courtesy of Google Images]

Milli Vanilli was a famous, two-man signing act in the late 1980s and early 1990s.  Their fame turned to infamy when the two performers confessed that they didn’t actually sing any of the vocals heard on their records and lip-synced their live performances. They sang, they danced, they moved their mouths–but they didn’t really sing the songs we heard.

Twenty years ago, that deception was big news.  The American public was shocked that any “performers” would dare to execute such a fraud.  And some Americans were amazed that that audio technology would allow such fraud.

Today, the audio technology that allowed Milli Vanilli to deceive America seems as old news as Photoshop.  Who’s surprised that digitized audio files or 2-dimensional images can be can be edited or used to deceive?  Virtually no one.  Fifth graders aren’t surprised or impressed by such technology.

But, who among us imagines that current video technology not only allows  the manipulation of digitized, moving video images in order to completely falsify the words seemingly spoken by the subject of the video–but also allows that manipulation to take place in real time?

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Posted by on March 28, 2016 in Fraud, Technology, Video

 

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Political Parties–Not the Primary Voters–Choose Their Nominees II


Maybe Not [courtesy Google Images]

Maybe Not
[courtesy Google Images]

Early this morning I posted the article “Political Parties–Not the Primary Voters–Choose Their Nominees.”  If you haven’t already read that brief article (549 words) and watched the video (4 minutes), I suggest you click the previous link and read it as preface to this article.

That first article was based on a CNBC video interview of Republican National Committee (RNC) member Curly Haugland who explained a rule of the “Republican Party” (an entity whose precise meaning and membership is not commonly known, but does not include all of the “riff-raff” who voted in the Republican primary elections).  According to Mr. Haugland, the “Republican Party” (whatever that is) will decide who’ll be the Republican candidate for President while the Republican primary election voters’ preferences will carry no real authority.  I.e., the primary elections don’t count.

Assuming Mr. Haugland’s admission legally accurate, it is explosive.  He has almost certainly ignited a political revolution.

 

Y’say Y’want a Rev-o-lu-tion?

RNC-member Haugland has unwittingly opened a can of worms that won’t be easily closed or forgotten.  Just today—just one day after CNBC posted Mr. Haugland’s original video-interview—The Washington Times published an article entitled “RNC weighs scrapping convention rule book to head off anti-Trump maneuvers“.*

 

That article declares in part, that:

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Posted by on March 17, 2016 in 2016 Election, Fascism, FEC, Fraud, Trump

 

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Diamonds Aren’t Forever


Pretty . . . Shiny . . . but Significantly Over-Priced . . . Rocks [courtesy Google Images]

Pretty . . . Shiny . . . but Significantly Over-Priced . . . Rocks
[courtesy Google Images]

Business Insider (“This startup is trying to take down the diamond industry with Leonardo DiCaprio”) reports:

 

Diamond Foundry is a startup based in California that claims to be able to ‘grow’ hundreds of real diamonds in just a few weeks.  Size can range up to 9 carats per gem.

“Actor Leonardo DiCaprio is just one of many influential investors backing the endeavor that could change the face of the diamond industry as we know it.”

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Posted by on December 1, 2015 in Fraud, Values

 

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Fraudclosure Victories?


[courtesy Google Images]

[courtesy Google Images]

Since A.D. 2009, I’ve published 25 articles on the fraud that appeared to infect most home foreclosures (see, Foreclosure).  This will be the 26th.

Most of those articles focused on reports that the banks making mortgage loans had defrauded the borrowers.  The fraud worked like this:

1) The banks seemingly loaned money to people to buy new homes.

2) These loans were based on the home-buyers’ signatures on Promissory Notes and Mortgage documents that memorialized the home-buyers’ promise to a) repay the loans; and b) surrender possession of the house if they defaulted on repaying the loans.  These written documents created the banks’ rights foreclose on the home-buyer and seize his home if he defaulted on making his loan payments.

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Posted by on March 30, 2015 in Banking, Foreclosure, Fraud

 

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