MONEY: “Blue Light Special” announcement — fiat currencies like the U$D are being stolen by “inflation”

The 5 Stages Of Getting Orange-Pilled
https://www.zerohedge.com/crypto/5-stages-getting-orange-pilled

 — via my feedly newsfeed

# – # – # – # – #

​I’m at “acceptance and hope” stage​.  Back when the employment model switched from “lifetime employment” to “job hopping/consulting”, I told my turkeys that there was now “Blue Light Special” announcement like at the now defunct Kmart to tell them that “the game” had changed.  So to, now, imho, the “financial game” has changed and no announcement is being made.  Bitcoin, alternative forms of money, and other commodities are replacing fiat currencies like the U$D, Euro, and others.  Only the Russian Rouble has made the shift.  All other forms of fiat are subject to “inflation” aka Gooferment Theft. 

Unfortunately, not many have gotten the “non-announcement” and so will pay the tax and take the losses.  Heaven help the bond holders who will get triple screwed (i.e., inflation, loss of income, and loss of capital value) when the 1/7 seesaw rocks against them (i.e., 1% rise in interest rate yields a 7% decrease in the dollar value a bond).

FWIW YMMV and TANSTAAFL (“There Ain’t No Such Thing As A Free Lunch” From Robert Heinlein’s classic) 

—30—
 

MONEY: Can bitcoin stop the “bad guys”? Can anything?

https://bitcoinmagazine.com/culture/bitcoin-the-foundation-of-human-rights?utm_source=Bitcoin+Magazine&utm_campaign=f8fa15ec24-&utm_medium=email&utm_term=0_f7d45fbb67-f8fa15ec24-357073741&mc_cid=f8fa15ec24&mc_eid=386b7b0895

BITCOIN CAN BE THE FOUNDATION OF HUMAN RIGHTS
The bad guys can’t stop Bitcoin, but Bitcoin can stop the bad guys.
GREGOR HERBORT
MAR 18, 2022

*** begin quote ***

60 years ago, it was not Syrians, Afghans, Iranians and people from various African states who had to leave their homes and sought refuge.

It was Kazakhs, Ukrainians, Jews, Poles, Russians and Germans who needed a new home before, during and after World War II. Displaced by an occupying power, by the ruling government and by hunger and war.

Many had to leave their hometowns and were not able to take much with them, let alone transfer money across national borders. This is what happened to many Jews. Refugees were deprived of their remaining possessions in Germany. In a perfidious way, the war and the extermination of the Jews were thus co-financed.

Within experiences of these and other inhuman acts, the Universal Human Rights have been defined. A commission led by Eleanor Roosevelt worked out 30 articles under the auspices of the United Nations in 1948.

Reading these 30 articles, it becomes clear that the potential bad guy is often seen on the side of the state or government.

*** and ***

Everyone has the right to freely access a healthy international currency!

*** end quote ***

I certainly like that it’s inflation proof.  It may be a hopeless gesture to liberty, but what choice do we have?

—30—

MONEY: Has time finally run out?

https://www.zerohedge.com/personal-finance/peter-schiff-warns-tucker-carlson-inflation-only-has-one-way-go

Peter Schiff Warns Tucker Carlson: Inflation Only Has One Way To Go!
BY TYLER DURDEN
TUESDAY, MAR 15, 2022 – 08:11 AM
Via SchiffGold.com,

*** begin quote ***

Last week, we got another big jump in consumer prices with the February CPI data. Peter Schiff appeared on Fox News with Tucker Carlson to talk about the rampant inflation. He said it’s only going to get worse. Inflation only has one way to go.

*** end quote ***

I’ve blogged about this self-inflicted national disaster for decades.  Been aware of the problem since the late 60’s.

And, I hope that I don’t I’ve to see some very ugly chickens come home to roost.

The problem is the FED! The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians.

When will “We, The Sheeple” wake up?

If, ever!

—30—

MONEY: “Inside Money” standard and the “Outside Money” reality

https://tomluongo.me/2022/03/13/ins-outs-whose-money-is-it-anyway/

MONEY, POLITICS
The Ins and Outs of Whose Money is it Anyway?
Date: March 13, 2022Author: Tom Luongo

*** begin quote ***

Today’s “Inside Money” standard, known colloquially as the Dollar Reserve standard, is actually what I like to call “Milton Friedman’s Nightmare.” It is nothing more than a system of competitively devalued and inflated debt-based scrips running around drinking each other’s milkshakes until everyone’s glass is empty.

FYI, there are a lot of empty glasses around the world right now and more are being created everyday as the financial system turned predatory after the Lehman Bros. collapse in 2008.

It was then that the Central Banks and governments turned fully against the people sucking up more and more outside money by inflating inside money egregiously to control more and more of the real wealth of the world.

There is only one problem with that, however. Eventually, you run out of property to squeeze out of people’s hands. The more you take, the less people are restrained by little things like laws.

Eventually two things happen. The first is what we’ve been seeing from Russia and China for the past twelve years — steady accumulation of gold and other hard assets, outside money, including the building of real manufacturing infrastructure as well as the financial infrastructure to house it.

The second is just over the horizon — the moment where all the legal claims to controlling outside money mean nothing when enforcement of those legal claims gets exposed as a bluff because there aren’t enough enforcers capable of keeping the looters from taking it.

*** end quote ***

I’m am waiting for the “Great Reset” to drop on “We, The Sheeple” of which I am part of in someways.  I know this is going to hurt the poor, the seniors, those on fixed incomes, as well as the non-super rich.

Wonder what the price of gold will go to … … (the fellow’s guess)  about 45k$.  By other guesstimates, that’ll translate to 80$/gallon for gas.  Now I’m not predicting this but even if gas goes from 4 to 8$/gallon, the economy is totally screwed.

The U$D would be near worthless.

Argh!

The future is murky and there could be a cliff in the fog.

—30—

 

MONEY: Save but in things that will retain their value

https://www.zerohedge.com/markets/evil-root-all-fiat-money

Evil Is The Root Of All (Fiat) Money
BY TYLER DURDEN
FRIDAY, DEC 03, 2021 – 09:40 PM
Authored by Egon von Greyerz via GoldSwitzerland.com

*** begin quote ***

“So you think that money is the root of all evil. Have you ever asked what is the root of all money?” -Ayn Rand

Money used to be a stable medium of exchange and a store of value but that was in the days when there were sound monetary principles, mostly backed by gold or silver.

*** and ***

But these are the consequences that history teaches us time and time again. But sadly everyone thinks it is different today.

Since every currency system in history has collapsed, it is quite a certain bet that this one will too.

For the few who have savings, wealth preservation in physical gold and silver is essential as insurance against yet another failed currency and financial system.

And for everybody it is important to remember that the most important things in life are family and friends. Helping others in difficult times is critical.

Remember also that many wonderful things in life are free, conversations, books, music and nature.

*** end quote ***

At this time of peace and joy, let’s prepare for the 7 years of “famine” ahead. 

Buy some commodities and stash them away for the future.

Vote with your wallet when you spend “dollars” and vote your politics considering your wallet.

—30—

 

MONEY: The US dollar that is the fraud

>>>> I really wish I understood the crypto world better. It seems like such a scam.

There are numerous good videos on crypto, bitcoin, etherium, and other “distributed blockchain ledgers”.  Some sites will even give you coins to watch their tutorials.

Essentially a bitcoin is nothing more than having a number that is the product of two large prime numbers.   For example, 77 is the product of 7 and 11.  You prove that “77” is yours because you have a public key of 7 and a private key of 11.  This “ownership” is written in a “distributed ledger” in lots of places.  That’s all you really need to understand.  

The “mining” that everyone talks about is people finding these pairs and writing the public key found and their private key to the distributed ledger.  Then, transfers are done by someone combining that public key to your wallet’s public key using their private key and writing it to the ledger.  Copies of the ledger are then created by all the other ledgers who repeat that calculation and confirm it. 

Sounds complicated but it really isn’t.

What makes these “coins” of great interest is that, in the case of bitcoin and bitcoin/cash, there is a limited supply that can not be inflated by anyone.  Including the Gooferment.  As such, it becomes “maney”, similar to gold and silver.  Especially as it gets wide spread adoption, it will become that store of value that every one seeks who realizes that the fiat Federal Reserve Note is essentially being made worthless by the Gooferment inflating the number of “dollars” in circulation.   

Just like the Romans devalued the denarius (silver) coin and the French the (gold) franc, so to the USA is devaluing the dollar to give politicians the money to spend on our version of “bread and circuses”.

Like all empires, the USA will financially collapse … … sooner or later.

BITCOIN might emerge as the money of the future.  

I probably won’t be around to see it, but I believe it WILL happen.  

If you’re looking for a scam, it’s the US dollar that is the fraud.

Sadly.  Sigh!

—30—

MONEY: The FED is “shrinking” the value of your money silently and secretly

https://tenthamendmentcenter.com/2021/10/15/yes-we-can-trust-the-fed-to-keep-devaluing-our-money/

Yes, We Can Trust the Fed. To Keep Devaluing Our Money
By: Stefan Gleason | Published on: Oct 15, 2021

*** begin quote ***

Former Fed chair Yellen wants us to trust current Fed chair Jerome Powell when he says inflation is “transitory” and merely the effect of supply disruptions.

She doesn’t want us to focus on the fact that the central bank is now buying well over 50 percent of all new Treasury debt. Nor does she want us to be concerned that the M2 money supply is growing at a 13 percent annual rate.

Sure, let’s trust the Fed.  What the Fed can absolutely be trusted to do is continue inflating.

But that means investors can’t trust fiat dollars to hold their value. Debt instruments denominated in U.S. currency will almost certainly return less than the inflation rate. Over time, bondholders risk an enormous loss of purchasing power even if the issue never results in formal defaults.

*** end quote ***

What is a “poor” “We, The Sheeple” to do?

“Poor” is used in the sense of not rich, but yet not poor enough to qualify for the Gooferment’s dole.

Well, if you’re in the bottom of that spectrum, save your nickels and stockpile your everyday needs whenever you see a bargain. I particularly like Shoprite’s “can can” sale where the Progresso soup, which is usually near $3 / can, for a dollar if you buy ten.  I was putting them under my bed and using them when I felt like soup.  Have to watch the expiration dates. But I usually write them on top with a big black sharpie.

For those who are the top of that spectrum, I recommend a monthly buying program of whatever you can afford in a 50/50 gold and silver mix.  It doesn’t take long before you can “amass” a decent portion of “hard money”.  This presumes that you have no “bad debt” (i.e., credit cards, non-zero interest car or other capital goods credits).  

You can, of course, do both. 

Be aware of “shrinkflation”!  That’s where the package size stays the same but the content is reduced. Unit costs are the key metric.

And, remember this when the politicians say “free”!

—30—

 

MONEY: The Gooferment maintains a playing filed that tilts in favor of employers over workers

https://www.cato.org/blog/new-cato/yougov-survey-health-savings-accounts

OCTOBER 6, 2021 9:11AM
New Cato/​YouGov Survey on Health Savings Accounts
By Michael F. Cannon

*** begin quote ***

Many call the “tax exclusion” for employer‐​paid health insurance premiums a tax “break.” In fact, it denies workers control over an enormous share of their earnings. It coerces workers into letting employers control roughly $1 trillion of their earnings each year as well as their health insurance. Along the way, it leaves workers vulnerable to losing coverage when they change jobs, divorce, or retire. 

*** end quote ***

Thanks to the market distortion introduced by FDR’s WW2 wage and price controls, “benefits” for employees were a way that employers could “pay” employees more without running afoul of the “law”.  

Back in the Seventies, leave at night in an AT&T datacenter watching accounting programs run, a wise old AT&T Treasury executive opened my eyes to how unfair that “benefits” were to me.  I didn’t realize that the “benefits” were more valuable to AT&T than to me.  Every benefits “expense” was a tax deduction to AT&T.  As well, all those “expenses” were added into the “rate base” used in front of the FCC and various PUCs to justify higher regulated rates.  The old exec pointed out that I was “paying” for the benefits in salary reductions.  And, the wicked kicker was that if I left my “servitude” I’d lose most and in some cases all of those “benefits”. Argh!

Now decades later, the USA has evolved to realize that while you don’t lose your car insurance if you change jobs, you do lose your “health insurance”.  (Don’t make me laugh about COBRA; who can afford those rates?)

OK, so you decide to get your own “health insurance”, and you find that expense is not tax deductible to you as an employee that has “benefits” with your master.  I meant employer.

If you have a niche that permits you, then you can become a “corporation” and the premiums for all your employees is deductible.  Just don’t have any other “employees” and you have found a loophole.  Of course, there are setup and ongoing expense to “being a corporation” but it’s no where near as much as you think.

Bottom line: The tax code needs to change to allow you to deduct your private health care insurance.  What’s good for the employer should be good for the worker!

—30—

MONEY: Inflation 101

https://www.zerohedge.com/economics/peter-schiff-government-serves-grade-bs-inflation?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Peter Schiff: Government Serves Grade-A B.S. On Inflation
BY TYLER DURDEN
TUESDAY, OCT 05, 2021 – 01:35 PM
Via SchiffGold.com

*** begin quote ***

In fact, there is always a shortage of supply. We don’t have unlimited stuff. So, we have to ration supply with prices. The more money we have in circulation, the higher the prices have to climb in order to ration the supply. You have more dollars chasing the same amount of stuff. This is inflation 101.

*** end quote ***

MONEY: End the FED, Freddie, Fannie, and all the GSEs

https://www.zerohedge.com/personal-finance/fed-helping-facilitate-trailer-park-evictions?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

The Fed Is Helping Facilitate Trailer Park Evictions
BY TYLER DURDEN
WEDNESDAY, SEP 08, 2021 – 09:01 AM
Authored by Michael Maharrey via SchiffGold.com,

*** begin quote ***

The Federal Reserve is helping corporate real estate investors evict poor people from mobile home parks.

NPR highlighted the growing number of mobile home part evictions. According to the report, real estate investors continue to buy up mobile home parks across the US. They then raise lot rents and fees, and evict residents who can’t pay.

As the report explains, the government makes this scheme possible with easy financing through agencies such as Fannie Mae and Freddie Mac. Here’s how it works in a nutshell.

A company raises rates and fees in a park. That makes the park more valuable. So they can now borrow more money against it, kind of like when you refi your house and get cash out of the deal. They pull out, say, $3 million, and they use that to go buy another mobile home park. And then they do that again and again. It’s a cascade of borrowed money. And often, these loans are backed by the US government. They provide very, very low-cost debt for these investors to get enough cash out to go buy additional parks. The loans have super cheap interest rates because they’re guaranteed by Fannie Mae and Freddie Mac, the government-backed entities at the heart of the US mortgage market.”
NPR gets part of the story right. In fact, it’s pretty impressive that they didn’t just pin the blame on “greedy capitalists.”

Nevertheless, the story completely misses the biggest player in this game – the Federal Reserve.

*** and ***

This is yet another way the Fed distorts the economy, drives misallocations of resources, transfers wealth from the poor to the rich, and generally wreaks havoc.

*** end quote ***

OK, the problem was identified by Ron Paul decades ago in his Presidential campaign. 

Does anyone want to address the problem?

“Penny candy” is an example of the inflation of the US$.

Argh!

—30—

MONEY: Injury from a “vaccine” might be devastating financially

https://articles.mercola.com/sites/articles/archive/2021/07/01/covid-vaccine-deaths-and-injuries.aspx?ui=f9839516412491bb1e06c9e47058c6fb81b9b9b6acedf03e65e93dfdb263c1b9&sd=20210317&cid_source=dnl&cid_medium=email&cid_content=art1ReadMore&cid=20210701_HL2&mid=DM924431&rid=1197507551

COVID Vaccine Deaths and Injuries Are Secretly Buried
Analysis by Dr. Joseph Mercola 
July 01, 2021

*** begin quote ***

  • Reports of deaths and serious injuries from the COVID-19 jabs mount by the day. As of June 11, 2021, the U.S. Vaccine Adverse Events Reporting System (VAERS) had posted 358,379 adverse events, including 5,993 deaths and 29,871 serious injuries
  • In the European Union’s database of adverse drug reactions from COVID shots, called EudraVigilance, there were 1,509,266 reported injuries, including 15,472 deaths as of June 19, 2021. EudraVigilance only accepts reports from EU members, so it covers only 27 countries. Remarkably, about HALF of all reported injuries — 753,657 — are listed as “serious”
  • The British Yellow Card system had, as of June 9, 2021, received 276,867 adverse event reports following COVID “vaccination,” including 1,332 deaths
  • Before you make the decision to participate in this unprecedented health experiment, it may be wise to assess your personal insurance and financial ability to handle a serious injury, as pandemic vaccine manufacturers are indemnified against lawsuits
  • If you are injured by a COVID shot and live in the U.S., your only recourse is to apply for compensation from the Countermeasures Injury Compensation Act (CICP). Payouts are rare, cover only lost wages and unpaid medical bills, cannot be appealed, are capped around $370,000 for death, and require you to exhaust your private insurance before kicking in

*** end quote ***

That last point is devastating financially.

So Big Pharma gets all the profits and some random poor shlub “wins” a negative lottery!

That doesn’t seem very fair.

Time to release this “payoff” to Big Pharma for their campaign contributions.

Argh!

—30—

MONEY: Inflation deception — what goes up; never ever comes down

https://www.zerohedge.com/personal-finance/inflation-transitory-heres-your-simple-test

Is Inflation “Transitory”? Here’s Your Simple Test
BY TYLER DURDEN
THURSDAY, JUN 17, 2021 – 09:50 AM
Authored by Charles Hugh Smith via OfTwoMinds blog,

*** begin quote ***

Is inflation “transitory” in your household budget? Really? Where?

The Federal Reserve has been bleating that inflation is “transitory”–but what about the real world that we live in, as opposed to the abstract funhouse of rigged statistics? Here’s a simple test to help you decide if inflation is “transitory” in the real world.

Let’s start with some simple stipulations: price is price, there are no tricks like hedonics or substitution. Nobody cares if the truck stereo is better than it was 40 years ago, the price of the truck is the price we pay today, and that’s all that matters.

(Funny, the funhouse statistical adjustments never consider that appliances that used to last 30 years now break down and are junked after 3 years–if we adjusted for that, the $500 washer would be tagged at $5,000 today because it has lost 90% of its durability over the past 30 years.)

*** end quote ***

My readers, acquaintances, friends, and anyone who will listen to me is probably tired of hearing me whine about “penny candy”, “three silver dimes for a 1965 gallon of gas”, “my long gone father-in-law’s fifty dollar bill”, and “the dollar losing 99% of its purchasing power in 50 years”.

I don’t know how else to make “We, The Sheeple” realize that the politicians are robbing us blind.

Argh!

All I can say is save your nickels; at least they have some intrinsic value.

—30—

MONEY: “everybody is rich”

https://www.economicpolicyjournal.com/2021/05/when-hitler-finds-out-accelerating.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+economicpolicyjournal/YZSb+(EconomicPolicyJournal.com)

When Hitler Finds Out The Accelerating Inflation Is Not Transitory
EconomicPolicyJournal.comby Robert Wenzel

# – # – # – # – #

Short video about “everyone is rich”!

—30—

MONEY: Currency Devaluation?

https://www.economicpolicyjournal.com/2021/05/this-is-how-bad-currency-devaluations.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+economicpolicyjournal/YZSb+(EconomicPolicyJournal.com)

TUESDAY, MAY 4, 2021
This is How Bad Currency Devaluations Can Really Get

*** begin quote ***

Re how vicious currency devaluations can be for many people, I heard an interesting anecdote today in a podcast about a young man who escaped the horrors of North Korea. He described in excruciating detail the various ways that the communist regime savaged the common man/woman there.

Almost in passing, the young man mentioned “did you hear about the currency devaluation that occurred in North Korea in 2010.” (It caused him to be homeless again.) He said that it, “killed thousands of people because the money that people had been saving became worthless.”

He added, “a lot of our neighbors committed suicide. It was like one day they had something and another day they have nothing. And they have no hope of living.”

*** end quote ***

Once upon a time, before I was old enough to get a job that paid real money, I had the childhood dream that “Monopoly money would become REAL money.”  Sigh, the child’s fantasies, have sort of become true.  The “REAL” money of my youth has become almost as worthless as Monopoly money.

The dollar of the 1960’s has lost NINETY SOMETHING per cent of it’s purchasing power.

Using the “penny candy” standard, it’s a 100%.

Using the “quarter a gallon of gas” standard, (a silver quarter is worth about five 2021’s “dollars”; 5 2021’s “dollars will buy you 2.78 gallons; a 2021 quarter “slug” will buy you  about 0.14 of a gallon; that about 0.05 of value) it’s about 95%.

Using the “Kendall Park ranch house” standard, (a 35k$ house now sells for about 325k$; or about 9 times it’s nominal value) it’s about 92%.

Pick the number you like best to describe the “devaluation”!

The Gooferment might as well devalue. “We, The Sheeple” are already screwed.

—30—
 

MONEY: Hidden inflation

Costco paper towels: Now with 20 fewer sheets per roll
5/1/2021, 10:29:18 PM · by dynachrome · 30 repliesredflagdeals ^ | 4-26-21 | frozatio
Costco paper towels. Same price as the previous several times buying them. Now with 20 fewer sheets. 140/160= .875 Inflation rate: 8.75% Find the old rolls in store with 160 sheets and it’s effectively like buying the new sheets at 8.75% off!

# – # – # – # – #

Here’s an example of inflation being hidden!

—30—

MONEY: Penny candy and other economic lessons

https://schiffgold.com/interviews/peter-schiff-with-tucker-carlson-inflation-is-a-painful-tax/

Peter Schiff With Tucker Carlson: Inflation Is a Painful Tax
APRIL 6, 2021  BY SCHIFFGOLD 

*** begin quote ***

We’re told inflation isn’t a problem. But a quick trip out to the grocery store or to fill up your car with gas tells you otherwise. Prices are going up. Peter Schiff recently appeared on Tucker Carlson’s show to talk about inflation. He said the price of everything is going up and the value of everything is going down.

It’s clear that prices are rising.

*** end quote ***

I’m tired of ranting about inflation. 

Just do a search on the blog for “three silver dimes” and you’ll see some of my best examples (i.e., the Roman’s cloak, penny candy, 1968 gas prices).

It all comes down to the politicians and bureaucrats having an incentive for silent taxes.  If some Gooferment goon came in every year and seized 2% of your wealth (i.e., 2/100ths of your house), then you’d understand.

I don’t know what I can write that will make the point of inflation is due to the FED. (The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians.)

Sure the rich, the elite, politicians, and bureaucrats love inflation.

It’s a racket.

“It’s a big club, and you ain’t in it! You, and I, are not in the big club.” — George Carlin
https://www.youtube.com/watch?v=i5dBZDSSky0

—30—

MONEY: MMT is the “voodoo economics” of 21st century

https://www.newsmax.com/finance/drmichaelbuslerphd/modern-monetary-theory-inflation-federal-reserve-money-supply/2021/03/19/id/1014452/

Modern Monetary Theory Is Wrong: Inflation Is Coming
By Dr. Michael Busler, Ph.D.Friday, 19 March 2021 12:59 PMCurrent | Bio | Archive

*** begin quote ***
 
Many economists and much of the public are beginning to worry about the massive increase in the money supply and the massive increase in deficit spending. With a public debt approaching $30 trillion and a money supply that has increased by 25% in the last two years, the worry seems justified. However, Modern Monetary Theory (MMT) says we have nothing to worry about.

MMT says that since the US uses a currency that is not backed by anything other than faith in the government, more money can always be printed to pay off the debt. And the increase in the money supply will not necessarily lead to inflation.

*** end quote ***

I don’t understand how more “dollars” in circulation chasing a relatively fixed amount of goods and services can NOT Lead to higher consumer prices.

The only one who benefits from inflation is the Gooferment.

The poor, the retired, those on fixed income, bondholders, and the middle class are getting screwed.

—30—

MONEY: China is a “financual” enemy

https://www.zerohedge.com/geopolitical/china-killing-dollar

China Is Killing The Dollar
by Tyler Durden
Fri, 09/18/2020 – 23:40
Authored by Alasdair Macleod via GoldMoney.com

*** begin quote ***

In the wake of the Fed’s promise of 23 March to print money without limit in order to rescue the covid-stricken US economy, China changed its policy of importing industrial materials to a more aggressive stance. In examining the rationale behind this move, this article concludes that while there are sound geopolitical reasons behind it the monetary effect will be to drive down the dollar’s purchasing power, and that this is already happening.

More recently, a veiled threat has emerged that China could dump all her US Treasury and agency bonds if the relationship with America deteriorates further. This appears to be a cover for China to reduce her dollar exposure more aggressively. The consequences are a primal threat to the Fed’s policy of escalating monetary policy while maintaining the dollar’s status in the foreign exchanges.

*** end quote ***

It would seem that the USA politicians and bureaucrats are playing into the Chinese’s hands.  And, giving them the “club” to beat the USA to a pulp!

—30—

MONEY: The End of COMEX Paper Gold?

https://tomluongo.me/2020/08/14/market-friday-end-comex-paper-gold/

Market Friday: Is This the End of COMEX Paper Gold?
Date: August 14, 2020 — Author: Tom Luongo

*** begin quote ***

And now, the question on a lot of people’s minds is whether we’ll see the end of the fiction of the paper gold market as epitomized by the futures market on the COMEX.

*** and ***

The fiction of a gold-settled futures contract keeps the fiction that supply and demand for gold are in balance at these prices. But are they really? If so then gold wouldn’t be hoarded the way it is. Gresham’s Law would reverse and gold would move into the market at a much higher clearing price.

*** and ***

That, to me, is what is so very important about what is happening now. Because that begs the question, cui bono?

Who benefits from breaking the price control system of the fake, paper gold market?

Once you sort through the answer to that, China and Russia, then what’s been happening in gold and silver should make a whole lot more sense.

And why gold seems to have decoupled not only from the COMEX but gyrations in the U.S. dollar.

*** end quote ***

And, that girls and boys is the end of a lot of things — FED policy driving the Stock Market, the ability to have a debt laden society to support itself, and the USA’s empire.  How far “we” fall is yet to be seen.  Study the rise and fall of ALL empires and distill the common factors — debasement of its currency and fall in “civic morality”.

So sad.  Glad I’m not going to be here to see it happen, but I believe it will.

Save your nickels!

—30—

MONEY: Always keep your nickels!

https://www.zerohedge.com/markets/mnuchin-begs-coins-amid-shortage-avoid-depositing-these-pennies

Mnuchin Begs For Coins Amid Shortage; Avoid Depositing These Pennies
by Tyler Durden — Thu, 08/13/2020 – 05:30

*** begin quote ***

According to Coinflation.com, pennies from 1909-1982 are approximately 95% copper and have a metal value of about $0.0185. In this instance, once could almost double their money if they took these pennies to a scrapper than the bank. Here’s the complete list of what coins are worth in terms of face value versus metal value.

*** end quote *** 

Pretty bad when the “valueless coins” take on more value for the underlying metal.

Argh!

—30—

MONEY: The Government’s Greatest Con Job – The Daily Reckoning

The 1928 note bears this inscription:“Redeemable in gold on demand at the United States Treasury or in gold or lawful money at any Federal Reserve Bank.”But reads the 1950 version:“This note is legal tender for all debts, public and private, and is redeemable in lawful money at the United States Treasury, or at any Federal Reserve Bank.”The fine print disguises a vast swindle: The gold provision was stricken from the record.

Source: The Government’s Greatest Con Job – The Daily Reckoning

# – # – # – # – #

“We, The Sheeple” was robbed and they don’t even know it.  What’s worse is they probably don’t even care.

Argh!

— 30 —

MONEY: Thoughts on Bob Murphy’s “Infinite Banking Concept”

2019-Jan-31

https://tomwoods.com/ep-1326-how-to-secede-from-our-monetary-regime/

Ep. 1326 How to Secede From Our Monetary Regime
22nd January 2019 — Tom Woods

*** begin quote *** 
 
Frequent guest Bob Murphy returns, this time talking about his new (co-authored) book, The Case for IBC. This is an acronym for “Infinite Banking Concept,” a strategy that uses properly designed whole life insurance policies as a way to “become your own banker.” The concept was developed by Nelson Nash, who besides working in insurance was personally tutored in Austrian theory by Leonard Read himself. Bob explains how the average person can benefit from IBC, and he answers common objections like “Isn’t it better to buy term and invest the difference?” and “Why would I put my money in life insurance when the dollar is going to crash?”

*** end quote ***

My initial thought:

I (humbly) suggest another reason for the IBC concept. One can only by insurance when reasonable healthy. I had a young 30 something coworker who became uninsurable after surviving a bout with cancer. In his case, buying a whole life policy, when he was younger and healthier, would have given his family the death benefit protection. He died in his 50’s. So I’d suggest the IBC concept would avoid the “insurability” problem should it arise. Buying any insurance may not be possible later in life. Am I missing something here?
 
To which Bob responded:

BobMurphy9  ferdinand reinke • 7 days ago
You’re right. That has to do with the “buy term and invest the difference” canard. I think on the episode I contrasted the jump in premiums if you wanted to renew your term policy, but yeah, if you develop a condition in the meantime, you might be uninsurable.

Now upon reflection on “buy term and invest the difference”:

Based on my own personality, and that of many other “spendthrifts” I see around me, I think there are two types of people — spenders and savers.  My now deceased wife grew up poor, was scared for life, and was a prodigious saver.  My maternal grandmother and my mother grew up in the Depression and also were prodigious savers.  I, OTOH, am a “spender”; maybe even a “spendthrift”, who never cared about delaying gratification.  I can identify others who fall into one of those two categories. 

Now with that in mind, considering the “buy term and invest the difference” canard, imho, “savers” can do that easily, but “spenders” can’t.  So for spenders, whole life insurance and the IBC concept makes a lot of sense.  All though, I’m not quite sure how one in their “earning days” could get on it or into it.  

Unlike savings in a CD ladder (https://reinkefaceslife.com/2007/08/17/money-creating-a-ladder/), which my wife loved, entry and exit was easy.  In today’s Fed-driven insane zero interest rate climate, the CD ladder makes no sense.

Hope this is of interest and helps someone further back on the road of life.  As I like to say, “if I knew then what I know now, my life would be completely different”.  Not sure it would be better or worse; just different. Unfortunately, in life, one can not just “rewind time” and choose differently.  It doesn’t work that way.  And one can’t even say a choice was “wrong”, since you made the choice at the time with feelings, imperfect information, and outlooks that structured your decision.  All you can say is that the results were what they are.  

Even “bad” results are how we are viewing the results in the eyes of the Monday Morning Quarterback. Shoulda, coulda, and woulda!  An alternative future history.  What might have been?  You can drive yourself crazy and make yourself sad about “missed opportunities”, “missed loves”, and “bad mistakes”.  

*** begin quote ***

And now, the end is near
And so I face the final curtain
My friend, I’ll say it clear
I’ll state my case, of which I’m certain
I’ve lived a life that’s full
I traveled each and every highway
And more, much more than this, I did it my way

Regrets, I’ve had a few
But then again, too few to mention
I did what I had to do and saw it through without exemption
I planned each charted course, each careful step along the byway
And more, much more than this, I did it my way

{Extraneous Deleted}

The record shows I took the blows and did it my way
Yes, it was my way

*** end quote ***

“You don’t have to pay tuition for every lesson. You can learn from other people’s mistakes!” — Unknown

# – # – # – # – # 2019-Jan-31 @ 06:59

MONEY: Another use for life insurance?

2019-Jan-24

https://tomwoods.com/ep-1326-how-to-secede-from-our-monetary-regime/#disqus_thread

Ep. 1326 How to Secede From Our Monetary Regime
22nd January 2019 — Tom Woods 

*** begin quote ***

Frequent guest Bob Murphy returns, this time talking about his new (co-authored) book, The Case for IBC. This is an acronym for “Infinite Banking Concept,” a strategy that uses properly designed whole life insurance policies as a way to “become your own banker.” The concept was developed by Nelson Nash, who besides working in insurance was personally tutored in Austrian theory by Leonard Read himself. Bob explains how the average person can benefit from IBC, and he answers common objections like “Isn’t it better to buy term and invest the difference?” and “Why would I put my money in life insurance when the dollar is going to crash?”

*** end quote ***

I understand the IBC; not sure I “grok” it. By that, I mean get it and apply to my life or my memes.

I (humbly) suggest another positive reason for the IBC concept that was not mentioned in the podcast. One can only by insurance when reasonable healthy. I had a young 30 something coworker who became uninsurable after surviving a bout with cancer. In his case, buying a whole life policy, when he was younger and healthier, would have given his family the death benefit protection. He died in his 50’s. So I’d suggest the IBC concept would avoid the “insurability” problem should it arise. Buying any insurance may not be possible later in life.

Am I missing something here?

# – # – # – # – # 2019-Jan-24 @ 10:46

MONEY: In The Early 1980s, The U.S. Gaming Industry Lobbied For?

The game industry’s quest for a new coin to ensure profits in a niche market wasn’t the first time an organization or company had lobbied for a coin specifically designed to help them profit. In the 1950s, Coca-Cola lobbied the U.S. Treasury Department to begin minting a 7.5 cent coin so that consumers could continue to use a single coin to buy a bottle of Coke—Coca-Cola had been 5 cents a bottle since the 1880s, but the fixed price was eating into Coke’s profits. Their attempt, like the game industry’s, was unsuccessful.

Source: In The Early 1980s, The U.S. Gaming Industry Lobbied For?

# – # – #

Anyone else not “see” the cost of the FED’s inflation?

“Penny” candy?  Quarter gasoline?  Any comodity or service?

Argh!

— 30 —