Tag: gold is money

Printing Money without Borrowing

Printing Money without Borrowing

We come to the key point; if the quantity of money is not the whole truth, then what is? The whole truth is that it’s the quality of money that counts. Gold and Silver have quality that cannot be denied or destroyed. Paper has only an illusion of value. When the Emperor’s spear falters, so does the illusory value of his chits. The Petro Dollar is faltering. The Empire of Chaos is faltering. Change your Fiat paper promises for some real money before it’s too late.

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Gold is not Money

Gold is not Money

Modern currencies float in value against each other hour by hour. In each currency, price charts look a little different—even for the same goods at the same time at a fixed delivery port. The variety of these intangible “monies” and the market effort that goes into balancing them against each other and against the flows between their trade zones belies the claim that these embody the ideal form of money. Foreign exchange market trades, weighing 4.4 billion ounces of gold, must clear every day to align these currencies, fifty five times any one day’s trading in actual gold money.

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We Are In A Transition To A Multi-polar Currency System

We Are In A Transition To A Multi-polar Currency System

We are currently in a transition period to a multi-polar currency system. The period of dollar dominance appears to be slowly but surely coming to an end. In the wake of Russia and China significantly strengthening their strategic alliance in recent months, it appears as though Western sanctions have heralded a new round in the struggle over the global monetary architecture.

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Sound Money Takes Center Stage in Presidential Campaigns

Sound Money Takes Center Stage in Presidential Campaigns

Ben Carson, who currently shares the lead with Donald Trump in the polls, recently questioned the Fed’s role as the great facilitator of metastasizing national debt: “The only reason that we can sustain that kind of debt is because of our artificial ability to print money, to create what we think is wealth, but it is not wealth, because it’s based upon our faith and credit. You know, we decoupled it from the domestic gold standard in 1933, and from the international gold standard in 1971, and since that time, it’s not based on anything. Why would we be continuing to do that?”

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The Circle of Gold

The Circle of Gold

Gold has been money and a store of value for at least 3,000 years. That status SHOULD return after the “paper” era has collapsed. Unbacked paper money, according to history, always collapses due to excessive printing by central bankers and politicians. Imagine that! Global debt is over $200 Trillion and rapidly climbing. Governments must borrow more currency into existence to pay off maturing debt, but total debt inevitably increases. Charles Ponzi used a similar scheme for his wealth transfer process.

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The 7 Biggest Lies about Gold

The 7 Biggest Lies about Gold

It’s hard to say which lie about gold is the biggest whopper. Many widely held beliefs about gold are lies – propaganda hammered home to have us believe the only true measure of wealth is government-issued debt.

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China’s Secret Gold Hoarding Strategy

China’s Secret Gold Hoarding Strategy

China may never establish a model sound money system; nor is that its goal. China simply appreciates the universality of gold. And, as the saying goes, “gold goes where it’s most appreciated.” Whether you’re a Communist or a capitalist, whether you speak Mandarin or English, gold remains the one permanent, immutable common denominator. Gold’s value has been recognized universally for hundreds of years and will continue to be recognized universally regardless of whatever market gyrations or economic or political strife the future may bring.

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Gold And Silver – The US Dollar Does Not Exist

Gold And Silver – The US Dollar Does Not Exist

Despite another so-called “smash down” of gold and silver, having an awareness of the direction of the trend, as we have been advocating for the past few years, one cannot be surprised by the drop as much as one can be verily surprised by the extent to which the central bankers have had such a relentless stranglehold on gold and silver, and it appears that they have not yet finished playing their manipulated hand.

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Gold & Silver Money Has Devolved Into Debt and Plastic

Gold & Silver Money Has Devolved Into Debt and Plastic

Years ago gold and silver were money. Physical coins were replaced with gold and silver certificates. Those certificates were replaced with “Notes” or debt of the U.S. government issued by the central bank. Those notes have largely been replaced by more ephemeral digital debts in the form of credit card debt, debit accounts, checking accounts, short term debts (T-bills), longer term debt and derivatives of those debts. The intrinsic value of those notes and debt instruments is minimal – they are accepted because they are accepted, UNTIL THEY AREN’T. When that day arrives, we will wish we still used gold and silver as money.

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Missing Gold, Unpayable Debts, Financial Crises, Bail-outs and Bail-Ins …

Missing Gold, Unpayable Debts, Financial Crises, Bail-outs and Bail-Ins …

To Congress and the Administration: Give Bail-UPS and Bail-DOWNS a chance. Clearly bail-outs and bail-ins have been problematic, so let’s progress in a new direction that benefits taxpayers and debtors.

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Texas Gives Wall Street Bankers the Gold Finger

Texas Gives Wall Street Bankers the Gold Finger

The story will bear close watching as HSBC and the New York Fed prepare for Texas to take actual delivery down the road. Texas’ gold holdings are reported to now total $1 billion in value. If those gold bars have been surreptitiously leased out, pledged, hypothecated or even sold, then we could see a major scramble when the time comes.

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Gold and the Parable of 3 Squirrels, 2 Vultures, and 1 Turtle

Gold and the Parable of 3 Squirrels, 2 Vultures, and 1 Turtle

There will always be hawks and vultures in our financial world. If you are not a hawk, don’t want to be a vulture, are worried about “black swans,” own no “tame” politicians, and want to protect the purchasing power of your assets, then use gold and silver for financial insurance and protection, just as the shell protects the turtle.

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Debt Bubble: Twilight Zone Economics

Debt Bubble: Twilight Zone Economics

When debt is rolled over and never repaid, how much is the debt truly worth? Would you lend money to someone who assured you he could only repay the debt by borrowing a larger amount from another person? Clearly not, but this is normal in modern “twilight zone” finance. Gold and silver are real. All paper currencies and fiat debt are less real, less solid, and less reliable. Worse, these are becomes increasingly less real and more unreliable every year as governments devalue their currencies.

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You Cannot Eat Gold

You Cannot Eat Gold

The argument that one cannot eat, wear, or build with gold is often used as an attempt to show that gold has no value in-and-of itself. The anti-gold crowd often claims that if it were not for gold’s monetary use, which it has not had since 1971, at least not formally, gold would be useless with little or no value. What is left unmentioned is its growing use in a growing electronic device market. If gold has no value beyond its monetary use, why did it not become cheaper than gravel when its monetary use ended? This argument against gold is stupid and is intended to deceive.

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