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 —

MONEY: Virginia repeals sales taxes on money

http://blog.tenthamendmentcenter.com/2018/01/now-in-effect-virginia-law-takes-first-step-to-support-sound-money/

Now in Effect: Virginia Law Takes First Step to Support Sound Money

*** begin quote ***

RICHMOND, Va. (Jan. 7, 2018) –  On Jan. 1, a Virginia law that repeals sales taxes from some purchases of gold and silver went into effect. It represents an important first step toward encouraging its regular use as currency and breaking the Federal Reserve’s monopoly on money.

A bipartisan coalition of delegates and senators sponsored House Bill 1668 (HB1668) and Senate Bill 934 (SB934). The legislation exempts gold, silver, and platinum bullion or legal tender coins whose sales price exceeds $1,000 from state sales tax. Each piece of gold, silver, or platinum or legal tender coin need not exceed $1,000, provided that the sales price of one entire transaction of such pieces exceeds $1,000. With gold over $1,000 an ounce, a single bullion coin will exceed this threshold.

Under the new law, the exemption will remain in place until June 30, 2022.

*** end quote ***

This seems to be the first step to “killing” the Fed.

It’s a backdoor way but who cares how we can do it. Just that we do!

# – # – # – # – #

MONEY: Bitcoin “Not Backed”; so what “backs” FRNs?

https://fee.org/articles/fed-official-decries-bitcoin-as-not-backed/

Friday, December 01, 2017

Fed Official Decries Bitcoin as “Not Backed”
Bitcoin is backed by the use value of the distributed ledger in the underlying technology of the Blockchain.
by  Jeffrey A. Tucker

*** begin quote ***

Randal K. Quarles, a Trump administration appointee to the Federal Reserve Board of Governors and Vice Chair for bank supervision, has given a lengthy speech (“Thoughts on Prudent Innovation in the Payment System”) that directly targets Bitcoin as a danger to the monetary and financial system.

To reiterate, an official speaking for the nation’s central bank that manages the global reserve currency – the institution that has long bragged about its power to bail out the entire world with the magic powers of the alchemist – has put down Bitcoin for being untrustworthy, unbacked, and unsound.

*** end quote ***

Will someone please tell me what is backing up the current Federal Reserve Notes that pass for “money” today?

I can’t believe the hubris of some people.

The Federal Reserve Note, since 1970, has lost 99.99% of its value. There maybe even some 9’s at the end of that percentage.

I’m just shaking me head at this “attack” on bitcoin.

I’m speechless.

You should be too.

Save your nickels! It’s only thing worth anything — it still has some silver content. For now!

Argh!

# – # – # – # – # 

MONEY: Printed “money” doesn’t represent real wealth

https://goldswitzerland.com/the-biggest-wealth-transfer-in-history/

THE BIGGEST WEALTH TRANSFER IN HISTORY
Posted on November 17, 2017 by Egon von Greyerz

*** begin quote ***

US DEBT UP 1800X IN 100 YEARS

Total US debt in 1913 was $39 billion. Today it is $70 trillion, up 1,800X. But that only tells part of the story. There were virtually no unfunded liabilities in 1913. Today they are $130 trillion. So adding the $70 trillion debt to the unfunded liabilities gives a total liability of $200 trillion.

In 1913 US debt to GDP was 150%. Today, including unfunded liabilities, the figure becomes almost 1,000%. This is the burden that ordinary Americans are responsible for a burden that will break the US people and the US economy as well as the dollar. 

Whilst ordinary people have been landed with liabilities that they can never repay, the bankers and the 1% elite has profitably (ab)used the leverage that the debt expansion has created and thus amassed massive fortunes.

That is why we are seeing this enormous inequality in wealth. Ordinary people have not yet realised that they are liable for this debt. They will of course never repay it, nor will anyone else. Governments will try to solve the problem by printing even more money, thus exacerbating the problem. Eventually this will lead to high inflation turning to hyperinflation with interest rates going to at least 15-20% but probably higher. At that point central banks have lost total control of their interest rate manipulation.

The world will then discover that this time the money printing will have no effect as manufactured money can never create wealth.

*** end quote ***

When you look at the absolute dollars of debt and liabilities, it’s absolutely terrifying.

I’m glad I’m old and won’t see the crash. It’s going to make the Great Depression look like just a very bad day.

Clearly the debt will be repudiated by inflation, defaults, and unilateral abrogation of contracts. Clearly mere “understandings” (i.e., social security; Gooferment pensions; State Gooferment “constitutional” provisions, “promises”) will be “cannon fodder”.

I feel sorry for future generations.

# – # – # – # – # 

MONEY: “Public” pensions should be under scrutiny by both taxpayers and potential recipients

http://www.jasonstapleton.com/651-this-time-its-different-really/

*** begin quote ***

Great article out of Zero Hedge today covering the current pension crisis in America. If you’ve listened to this show for any length of time, you know the public pension system is wrecked. But this article really went into detail about how it all might shape out in the end. Let’s just say it’s not a rosy picture. Like Mauldin says, “There are no good choices anymore.”

*** end quote ***

An excellent point that BOTH taxpayers and those future “public” pension recipients should be very skeptical and demanding that the politicians and bureaucrats be accountable.

Political promises are worth the paper that they are printed on. (Hint: It’s all oral.)

Forewarned is fore armed.

# – # – # – # – # 

MONEY: Can the PBGC go broke?

http://www.zerohedge.com/news/2017-03-03/pension-benefit-guarantee-corporation-running-out-cash-millions-affected

Pension Benefit Guarantee Corporation Running Out Of Cash, Millions Affected
by Tyler Durden Mar 3, 2017 5:08 PM

*** begin quote ***

The Pension Benefit Guarantee Corporation (PBGC), an entity created to “guarantee” pensions of private corporations, is on the verge of bankruptcy.
Teamsters and other unions are poised to take huge pension hits. Previously, airline employees have taken a hit.

*** end quote ***

Can the Gooferment ever run out of the money it prints?

But that being said this is one of those “unfunded liabilities” in that “the current 18T+ national debt and the guesstimated 200T+ in unfunded liabilities that our posterity will have to deal with” that I grouse about.

Now unless the life span of fat old white guy injineers magically increases, I won’t be around for when the crushing debt and defaults hit. 

Personally, I think the Gooferment politicians and bureaucrats will just inflate the debt away and there goes any savings denominated in dollars. 

# – # – # – # – # 

MONEY: Socialism’s achilles heel

https://reason.com/archives/2016/11/28/the-secret-dangerous-world-of

The Secret, Dangerous World of Venezuelan Bitcoin Mining
How cryptocurrency is turning socialism against itself
Jim Epstein from the January 2017 issue

*** begin quote ***

Four years ago, Alberto’s career prospects were bleak. The 23-year-old Venezuelan had just graduated from college with a degree in computer science, but his nation’s economy was already shredded by 13 years of socialism.

“There were job opportunities, but they paid like $20 a month, and we were used to traveling and buying things from abroad so we couldn’t settle for that,” his friend Luis recalls. Alberto and Luis—whose names have been changed for their own safety—teamed up to start a clothing business, but the venture floundered.

Then Alberto discovered bitcoin mining.

*** and ***

But the main factor driving Venezuelans to take up bitcoin mining is a price control put in place by the socialist government: Electricity is virtually free.

Bitcoin mining requires a lot of computer processing power, which in turn requires a lot of electricity. In most of the world, utility bills eat into the cost of mining. In places where energy prices are high, it can even be a losing proposition. But in Venezuela, the government has turned bitcoin mining into something akin to owning a home mint.

*** end quote ***

Guess the Gooferment there never figure this one out!

# – # – # – # – # 

MONEY: And “We, The Sheeple” are the victims

http://deviantinvestor.com/8262/inflation-is-theft/

Inflation – The Simple Explanation is Theft
Posted on October 7, 2016 by Gary Christenson

*** begin quote ***

Inflation is a form of theft. Keynes understood it nearly a century ago when he said, “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”

*** end quote ***

I’m so TIRED of the sheeple not recognizing it.

So, what to do?

Stop using Federal Reserve Notes.

Barter, trade, save your nickels, save in gold or silver.

And, don’t let ANY politician tell you that things are just great.

They are using the Federal Reserve System to silently rob EVERYONE who holds a Federal Reserve Note. 

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.

# – # – # – # – # 

MONEY: The “Secret Sauce” = Stable Currency

http://www.oftwominds.com/blogsept16/Byzantine9-16.html

The “Secret Sauce” of the Byzantine Empire: Stable Currency, Social Mobility
September 1, 2016
How did Byzantium endure for 1,000 years after the fall of Rome?

*** begin quote ***

A stable currency. When the Empire devalued its currency for the first time in the 13th century, it triggered a long-lasting loss of faith in the currency. This devaluation was the beginning of the end, as the Empire never recovered its financial footing.

*** end quote ***

Well, the USA certainly missed the boat on this one. The US$ has lost 99% of its value in the last 40 years.

How do we turn that about?

It’s easy. END 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.

Tie the value of the dollar directly to gold and silver as the Dead Old White Guys had in the Constitution. (They knew the ravages of “paper money” inflated by bankrupt Gooferments.

Will we?

I doubt it.

# – # – # – # – # 

MONEY: States have to protect us against Currency Debasement, but will they?

http://tenthamendmentcenter.com/2016/07/16/four-ways-states-can-take-on-the-federal-reserve/

Four Ways States Can Take on the Federal Reserve

*** begin quote ***

There are practical steps that can be taken at the state level to promote the use and acceptance of sound money and undermine the Fed’s monopoly on money.

Control the money and you control the people.

The federal government has done just that in the Unites States.

*** and ***

1. States Have the Ability to Defend Sound Money

2. Recognizing Gold and Silver as Legal Tender

3. Eliminating Sales Taxes and Capital Gains Taxes on the Exchange of Money

4. Establishing State Depositories and Money Exchange Systems outside the Clutches of Federal Bureaucrats

5. Enforcing Private “Gold Clause” Contracts to Protect against Currency Debasement

*** end quote ***

Now where do we find State politicians and bureaucrats that will fight for freedom and liberty?

# – # – # – # – # 

MONEY: Fed-exit — secession from central banking

https://mises.org/blog/don%E2%80%99t-reform-fed-exit-fed

Don’t Reform the Fed: Exit the Fed
07/18/2016
Ron Paul

*** begin quote ***

Opponents of a central bank should take advantage of the post-Brexit vote revival of secessionist sentiments to promote a secession from central banking, or “Fed-exit.” Ending the Federal Reserve’s monopoly on money is the key to restoring and maintaining our liberty and prosperity.

By manipulating the money supply to fix interest rates, the Federal Reserve engages in price fixing. After all, interest rates are nothing more than the price of money. Like all prices, they communicate information about economic conditions to market actors. Federal Reserve attempts to override the market rate of interest with a Fed-favored rate distort the price signals sent to businesses, investors, and consumers. The result of this distortion is a Fed-created boom, followed by a Fed-created bust.

The Fed’s action affects the entire economy and impacts the lives of all Americans, as well as of people around the world. Therefore, it is no exaggeration to say that the attempt to fix interest rates is the most harmful example of price fixing.

*** end quote ***

Clearly, having “honest money” — 

“Money is a matter of functions four, a medium, a measure, a standard, a store.” He repeated that four times like poetry. “Six Characters in Money: Portable – Durable – Divisible – Uniformity – Limited Supply – Acceptability.” — CHURCH 10●19●62 (Vol 1) 978-0-557-08387-9 page 110

   — is key to returning to freedom and liberty.

How can you keep score, store wealth for the future, or just know where you are financially.

# – # – # – # – # 

MONEY: A Gold Bull Market?

https://www.lewrockwell.com/2016/07/no_author/day-reckoning/

Peter Schiff: We’ve Entered a New Leg of a Gold Bull Market
By Samuel Bryan 
SchiffGold.com
July 16, 2016

*** begin quote ***

We still have a tremendous price that needs to be paid for the mistakes of the past. Even if we correct those mistakes in the future, we still are going to have a day of reckoning. And that day of reckoning is going to evolve a much lower US dollar and a much higher gold price.”

*** end quote ***

I think the WORST part of fiat currency is that we have lost is the objective standard of value!

“Money is a matter of functions four, a medium, a measure, a standard, a store.” He repeated that four times like poetry. “Six Characters in Money: Portable – Durable – Divisible – Uniformity – Limited Supply – Acceptability.” — CHURCH 10●19●62 (Vol 1) 978-0-557-08387-9 page 110

The paper produced by 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.

— — fails three of the four functions — a measure, a standard, a store. 

So when we hear numbers kicked around they lose all sense of reality.

I’ve griped about the three silver dimes for a gallon of gas many times on this blog before. But it still states an essential truth. Silver hasn’t really changes and the gas is actually “better” gas. So what accounts for the delta (i.e., a gallon of lesser quality gas in the Sixties versus two plus gallons of today’s better gas)?

It’s the value of the money stupid.

The dollar 1960 value has been “inflated” away by the politicians and bureaucrats who put the difference in their pockets.

In the old days, it’d just be called what it is — theft.

Can’t you see it?

# – # – # – # – # 

MONEY: “Helicopter Money” is used to rob us

http://freebeacon.com/issues/federal-reserve-may-consider-using-helicopter-money/

Federal Reserve May Consider Using Helicopter Money
Fed Chair Janet Yellen said it would only be used in an abnormal, extreme situation
BY: Ali Meyer  June 16, 2016 4:40 pm

*** begin quote ***

Federal Reserve Chairwoman Janet Yellen said that the central bank might consider using helicopter money in an extreme economic downturn, at a press conference following the Federal Open Market Committee meeting on Wednesday.

Helicopter money is a phrase used to describe the idea in which the government prints large sums of money in order to stimulate the economy.

Critics of helicopter money believe that the policy may lead to high inflation while proponents of the idea, such as Former Fed Chair Ben Bernanke believe that it is a valuable tool when conventional monetary policies are ineffective and when government debt is high.

*** end quote ***

“Money is a matter of functions four, a medium, a measure, a standard, a store.” He repeated that four times like poetry. “Six Characters in Money: Portable – Durable – Divisible – Uniformity – Limited Supply – Acceptability.” — CHURCH 10●19●62 (Vol 1) 978-0-557-08387-9 page 110

The “helicopter money” defies the “limited supply” characteristics.

The deliberate inflation of the money supply, that FED pursues as a policy, is violation of the trust that people place in the “money”. 

We can’t allow the Gooferment — with the aid and comfort of the FED, various bureaucrats, and the politicians — to “steal” from “We, The Sheeple”.  What little wealth that the poor and those on fixed incomes have gets silently “stolen” in the form of reduced purchasing power. The wages of workers buy less and less — I don’t see anyone getting “raises” to offset inflation. And, the rich elite can always protect themselves by buying stuff as opposed to holding “cash”.

Argh!

Wake up, Sheeple.

It’s a silent conspiracy to bankrupt the USA.

# – # – # – # – # 

MONEY: Another reason that Lincoln was the worst!

https://www.lewrockwell.com/2016/04/brion-mcclanahan/leave-jackson-20/

On the New Bank Notes
By Brion McClanahan
April 22, 2016 

*** begin quote ***

He is in good company with Lincoln, the man who ignored the Constitution for four years while “best subduing the enemy,” and who favored the re-establishing of a central banking system.  Lincoln also followed Jackson’s blueprint for military coercion of a State and ordered the largest mass execution in American history when thirty-eight members of the Dakota tribe were simultaneously hung in 1862.

*** end quote ***

http://wp.me/Pg9z-2ak

Sorry but nothing redeems him imho.

I don’t understand the national brainwashing.

Argh!

# – # – # – # – # 

MONEY: TDBANK launches an expensive and slow PayPal competitor

http://view.e.tdbank.com/?qs=859baa97e49b3782d53acd89cee5a052785361738a875abf9111a8482c546426dbc352c59b5fc2cab663db28a15525083d55787279596536c2866d63492b6973f3e47bb6a8bc4021

*** begin quote ***

With Person-to-Person Payments, you can send money to anyone in the U.S., directly from your TD Bank account. 

Pay rent, split a dinner bill, or send a gift with ease with Online Banking.

See how easy it is to make a payment.
Send money now
Explore the benefits
Access Person-to-Person Payments by logging in to Online Banking – an easy, secure way to:
Send money. Pay anyone with just an email address or mobile phone number.
Request payments by text or email.
Include an e-card or personal message!

*** end quote ***

Interesting?

Paypal is instantaneous in its P2P service and free.

So why would you come to market with a competitive service that is slow and costly? (1 day xfer for $7 and 3 day for $1)

Makes NO economic sense.

And how is that TRULY putting your Customer FIRST?

TD would have been better striking an affinity deal with PayPal.

https://www.paypal.com/

If you want to try it, you can send me money … free! https://paypal.me/reinkefj

Reminds me of when Soupy Sales 

https://en.wikipedia.org/wiki/Soupy_Sales

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On January 1, 1965, miffed at having to work on the holiday, Sales ended his live broadcast by encouraging his young viewers to tiptoe into their still-sleeping parents’ bedrooms and remove those “funny green pieces of paper with pictures of U.S. Presidents” from their pants and pocketbooks. “Put them in an envelope and mail them to me”, Soupy instructed the children. “And I’ll send you a postcard from Puerto Rico!” [20] Several days later, a chagrined Soupy announced that money (mostly Monopoly money[21]) was unexpectedly being received in the mail. He explained that he had been joking and announced that the contributions would be donated to charity. As parents’ complaints increased, WNEW’s management felt compelled to suspend Sales for two weeks. Young viewers picketed Channel 5. The uproar surrounding Sales’ suspension increased his popularity. Sales described the incident in his 2001 autobiography Soupy Sez! My Life and Zany Times.

*** end quote ***

Laugh!

My line would be “I’ll send you a post card from Aruba!”

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MONEY: Sovereign Debt Threat

http://www.jasonstapleton.com/sovereign-debt-threatens-new-global-depression/

Sovereign Debt Threatens New Global Depression
By Jason Stapleton –  Apr 13, 2016

*** begin quote ***

Today we’re going to have a critical discussion about something you won’t hear about in the news. I’ve been tracking several issues that will likely have a direct impact on your life over the coming months and years. We start in Japan.

*** end quote ***

Review your history lessons about the Weimar Republic!

https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic 

And just think about the the current 18T+ national debt and the guesstimated 200T+ in unfunded liabilities that our posterity will have to deal with!

Argh!

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MONEY: Trump Dollar?

LDN Announces the Trump Dollar
March 30. 2016
 

Dear Liberty Dollar Supporters:

As you may recall, in 2008 the LibertyDollar.org issued the Ron Paul Dollar that was wildly successful and ruled non-counterfeit in my criminal counterfeit case. This gave rise to a group of highly spirited Americans who have created the Trump Dollar to honor Donald J. Trump, the first private citizen to campaign for the US Presidency in over 100 years!

I am pleased to announce that forces way beyond my humble control has created the Trump Dollar. A masterpiece in many ways, the Trump Dollar is the work of many of the finest craftsmen in the country including Wayne Takazono, Hawaii portrait artist; Luigi Badia, national merit sculptor and William LaMere, mintmaster at the North American Mint. I am deeply indebted to them and many more people who have made the Trump Dollar a reality. 

I invite you to “Trump the Government”TM with free political speech that is actually worth something! And get a Trump Dollar today!


Fed up with the political class? Fed up with money that loses its value? Show how you feel with the “2016 Trump Dollar” – a silver-dollar size commemorative coin made of one ounce of .999 fine silver!

The “2016 Trump Dollar” expresses the anger of the American people who distrust politicians and the badly broken U.S. political process. A portrait of Donald Trump and the words TRUMP THE GOVERNMENT are featured on the obverse and reinforced with VOTE NON POLITICIAN on the reverse of the commemorative political coin.

Those sentiments are echoed by Forbes magazine editor-in-chief Steve Forbes, himself a two-time presidential candidate, about the current political environment: “What it demonstrates is the intense, deep voter dissatisfaction with where the country is, and fears about the future… so people are looking for an outsider for a fresh perspective.” 

The “2016 Trump Dollar” – to commemorate Donald Trump’s presidential campaign and give voice to the voters dissatisfaction who are fed up with the political class – is available by pre-order. Shipment of all orders will commence – in the order received – after the First Day of Issue reception on April 27 at the Trump Tower in New York City. 

The “2016 Trump Dollar” – a clear call for freedom of political speech and expression of distrust of the entrenched political class – was designed by Bernard von NotHaus, the monetary architect of the Liberty Dollar, to recognize Mr. Trump’s heroic presidential candidacy and popularize it with collectors and sound-money supporters.

The commemorative coin with one full ounce of pure 999 fine silver in Brilliant Uncirculated (BU) condition is available at the MSRP of $25 featured on the reverse. The one-ounce copper BU Trump Dollar is $5. Single Proofs of the Copper and Silver Trump Dollars are also available in addition to a special three coin Gold Proof Dougle Split Piedfort Set – with a $2000 MSRP proof gold, $25 silver and $5 copper – is available for $2450 in an engraved wood presentation case with a numbered Certificate of Authenticity. Additional info and orders may be placed at TrumpDollar.US or call 888.542.3655

The special “First Day of Issue” of the Trump Dollar – with a hand stamped hallmark on a Brilliant Uncirculated Silver Trump Dollar is available for only $35 by pre-order or at the First Day of Issue Reception at the Trump Tower in New York City on April 27. Please RSVP for $29 at TrumpDollar.US. 

5% of all net sales will be donated to the Special Operations Warrior Foundation, which provides assistance to severely wounded and hospitalized special operations personnel. 

Please join me to “Trump the Government” with a non-politician. 

Many thanks for your assistance and support of the Liberty Dollar!

Bernard von NotHaus
Monetary Architect

— 30 —

MONEY: Negative real rate of return for the LAST FORTY YEARS!

https://www.lewrockwell.com/2016/03/no_author/german-response-negative-interest-rates/

German Response to Negative Interest Rates: Safe Deposit Boxes
By Paul-Martin Foss 
Carl Menger Center
March 19, 2016

*** begin quote ***

The Japanese response to negative interest rates was to buy personal safes. The German response is to pull money out of bank accounts and stick it in safe deposit boxes. Both are perfectly understandable reactions to the prospect of having to pay interest to a bank for holding deposits.

It is particularly interesting in Germany, where the Bundesbank a few years ago admitted that the average real rate of return on savings deposits has been negative for nearly the past 40 years.

Now that nominal rates have turned negative too, the facade of savings accounts as a safe place to park money to earn a little bit of income has finally been ripped away.

*** end quote ***

Wow, I stumbled across this when I was reading. What an admission!

I “know” that 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.) runs the printing press and adds electronic digits as it “needs” to. That continually robs “We, The Sheeple” of their purchasing power.

Now with “nominal interest rates” near zero, I would think that people would be waking up to the scam.

This statement really rubs everyone’s nose in it. And, like <synonym for excrement>, it’s a very unpleasant experience.

So what is Joe Sixpack to do?

Clearly “savings” are being silently, quietly, and invisibly taxed aka stolen away.

You can’t even calculate how much of Joe Sixpack’s earnings are being stolen.

The sadder part is that Joe doesn’t even realize that he’s been robbed.

Argh!

Even most sad about the whole thing is that all the Joe Sixpacks are suffering from the same lack of realization.

Argh!

Buy assets, bullion, or even bullets. Anything to preserve value.

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MONEY: “Honesty” in banking — really?

http://www.engadget.com/2016/02/15/monopoly-money-is-no-more-in-the-new-ultimate-banking-edition/

Monopoly money is no more in the new Ultimate Banking edition
How will older siblings ever cheat you out of your real estate fortune now?
Andrew Tarantola 

*** begin quote ***

Hasbro has released a new edition of Monopoly called Ultimate Banking, that should help keep familial infighting to a minimum. Instead of paper money, which can easily be laundered or stolen when you aren’t looking, this new edition uses debit cards. It also does away with the easily-corrupted Banker position, replacing the human with an electronic card reader (aka an ATM).

*** end quote ***

Hey, finally some “honesty” in banking.

Can we replace Wall Street.

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