http://www.survivalblog.com/nickels.html
Mass Inflation Ahead — Save Your Nickels!
By James Wesley, Rawles — Editor of http://www.SurvivalBlog.com
Updated, April, 2009
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In five years, the circulating nickel as we now know it, will be history, and it will be treated with nearly the same reverence that we now give to pre-’65 silver coinage.
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Wonder if I buy some bags of coins from TD. They have the free coin sorter. Hmm.
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MONEY | Tagged: Inflation, investments | 
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Posted by reinkefj
from FACEBOOK
The Gold standard debunked 80 years ago.. THere’s not enough Au or Ag in the ground to support an Earth-wide economy of 6+ Billion people….
*** my response ***
I believe, respectfully, that you missed the point. It’s not about Au or Ag. It’s about selecting something (anything) that limits the “sovereign” from adulterating the currency. With a fixed amount of Au in the universe, who cares if a dollar maps to micrograms as opposed to ounces. The respective gooferments can NOT just print more “wealth” that they use. From the Civil War to the Fed, prices gently declined. The greenback and the gold specie were circulated equally. “Good as gold”. Unfortunately, the Fed allowed the politicians to escape the chains of fiscal discipline. They can’t raise taxes so they inflate the currency. Look at the value of a dollar. It lost GT10% against the Euro last week alone. Argh!
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I’ve blogged about my realization at the Smithsonian. The franc of Louis 1 was a hockey puck of gold; fast forward to Louis 14 and it’s a thin shirt button. That demonstrates inflation.
If we mined all the gold, currency units would be mapped to ounces of gold. Who cares if it mili ounces or nano ounces. It restricts how much currency the gooferment can print.
It doesn’t matter if it is gold, silver, or something else that’s limited in supply. The idea is to PREVENT gooferment from creating it. Out of thin air!
Argh!
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Leave a Comment » | LIBERTY, MONEY | Tagged: LIBERTY | Permalink
Posted by reinkefj
http://thedailybell.com/bellPage.asp?nid=461&fl=
Daily Bell Archive
Issue 360 • Sunday, July 26, 2009
“The smallest minority on earth is the individual. Those who deny individual rights cannot claim to be defenders of minorities.” – Ayn Rand
Peter Schiff explains why he was right about free-markets, why Art Laffer was wrong and whether he will run for Senate
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Daily Bell: Where do you think this central banking approach to economic development is headed? Do you think it will eventually succeed as a global force – generating a global central bank, etc?
Peter Schiff: I think that in the end, central bankers controlling fiat money will prove to be an unworkable and inherently flawed system. Despite the apparent distinction, central bankers are politicians who are more concerned about rosy economic statistics than they are about sound currency. This can only lead to devalued currencies, which sooner or later becomes a major issue. A global central bank would be a disaster.
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It would truly signal the end of the American Empire.
Without the status of the world’s reserve currency, an awful lot of dollar would start looking for a home! They’d come to our shores looking for something to buy. Price inflation would be inevitable. Anything that could be boxed up and shipped home would be bid up. One can see whole productive factories being packed up and shipped lock, stock, and barrel. Labor is cheaper elsewhere. The USA wages would drop like a rock.
We’d suddenly know what it is like to be the tail on someone else’s dog.
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Leave a Comment » | MONEY | Tagged: Economics, FRAUD, Inflation | Permalink
Posted by reinkefj
Leave a Comment » | MONEY | Tagged: economic freedom, Economics, facism, FED, Foreign Exchange, FRAUD, Inflation, Moral Hazard, Morality | Permalink
Posted by reinkefj
http://www.lewrockwell.com/spl/abolish-cash.html
To Fight Deflation, Abolish Cash
Could Japan Make Reality of ‘Science Fiction’?
by Leo Lewis
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With recovery elusive, a population doddering into old age and perhaps a decade of deflation in prospect, Japan may start mulling the most radical monetary policy of all – the abolition of cash.
Unorthodox, untried and, said one Bank of Tokyo Mitsubishi strategist, “in the realms of economic science fiction”, the recommendation has nevertheless begun floating around Tokyo’s corridors of power and economists have described Japan as particularly suitable as a testing ground.
The search for more outré economic policies continues, despite the recent surge in the Nikkei 225 index. The market may be reflecting soaring Chinese investment, rising consumer confidence and other cheerful data but economists see few long-term beacons of hope for Japan.
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There’s no doubt that the gooferment would love to eliminate cash.
It could really track and control the People then.
How can we think that we are “independent”?
The gooferment manipulates us into thinking we’re in charge. Just try and change anything. They don’t even follow their own rules!
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Leave a Comment » | MONEY | Tagged: economic freedom, Gooferment, Inflation | Permalink
Posted by reinkefj
June 16, 2009
Are Gold American Eagles Worth What Congress Has Said They Are Worth? Or: The IRS v. Robert Kahre
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[Editor’s note: I am not a tax protester. Until researching the issue that is subject to this blog post, I thought all of the arguments raised by the tax protester crowd were frivolous. On this issue, I am not so confident.]
Take a look at this gold coin. It’s a Gold American Eagle. Look at the image on the right. Do you see what the coin says on the bottom half, underneath the nesting baby eagle?Gold American Eagle 50 Dollars
It says $50, right?
Indeed, it is (as I will explain below) $50. It’s worth as much as an Ulysses S. Grant. Well, if you believe it’s really only worth $50, send all of your Gold Eagles to me. I will sell them on eBay for about $1,000 each.
And now you can see the problem of Robert Kahre. Mr. Kahre is facing federal prison because he claimed that Gold Eagles are worth what Congress has said that Gold Eagles are worth.
Is Mr. Kahre’s position frivolous? I don’t think so. Please indulge me.
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I blogged about this one.
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https://reinkefaceslife.com/2008/02/26/goldbug-why-buy-and-hold-gold/
(4) There are some interesting nuances in holding American Gold Eagle, which are produced by the gooferment (i.e., the Treasury Department’s Mint), and are asserted to be dominated in dollars. The one ounce gold American Eagle is stamped 50 “dollars”. AND, it is really worth ~940 “dollars” in Federal Reserve Notes. (There’s a recent tax case where the employer declared his employees earnings in “dollars” as represented on the Eagles he gave them. Everyone paid less taxes.)
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This is an interesting quirk that can be exploited.
Of course, at your own risk.
Sigh, what is a dollar anyway!
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Leave a Comment » | MONEY | Tagged: economic freedom, GOLD, Gooferment, Inflation, Moral Hazard, Tax Revolt | Permalink
Posted by reinkefj
Leave a Comment » | MONEY | Tagged: Bailouts, honesty | Permalink
Posted by reinkefj
Dead Banks Walking
Mises Daily
by Doug French
Posted on 6/11/2009 12:00:00 AM
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On the other hand, if a legitimate banking system were in place, it would be based upon honoring property rights. Customers making a deposit in a bank expect the bank to guard, protect, and return their money — at a moment’s notice in the case of demand deposits. After all, that person has not traded a present good for a future good. The depositors believe the bank is warehousing the money for them and that it is available to them at any time. This deposit is not a loan — there is no fixed term, which would be required in the case of a loan — and availability hasn’t transferred.
However, we don’t have legitimate deposit banking but a fractionalized banking system that combines deposit banking with loan banking. Those that sympathize with fractionalized banking will contend that time certificate of deposit accounts are in essence loans from depositors, entitling the bankers to use the funds at their discretion for the term of the CD — just as long as the banker has the money ready when the CD matures. But if the money is lent secured by illiquid assets such as real estate, the banker is clearly not counting on those loans to satisfy expiring CDs and must count on attracting new CD money to pay off the old.
“There is no incentive for bank depositors to go to the trouble of determining a bank’s soundness if the government is going to guarantee deposits.”
Bankers, pressured to earn returns for shareholders and protected from bank runs by FDIC insurance, have over time lent not only more of their deposits but advanced the money for riskier projects. James Grant in a recent Grant’s Interest Rate Observer reminisced about National City Bank, which back in 1954 had only lent out 41 percent of its deposits, with less than one percent of the portfolio being real-estate loans.
By the end of last year, the total loan-to-deposit ratio for all US banks and thrifts was 87 percent, and 60 percent of all loans were classified as real-estate secured.
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Bottom line: Don’t invest in any bank stock.
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Leave a Comment » | MONEY | Tagged: Bailouts, Economics, FRAUD | Permalink
Posted by reinkefj
Lloyds Bank hit by Obama tax purge
Banking group drops American customers in UK ahead of costly proposals to stamp out tax evasion
By Louise Armitstead
Published: 9:39PM BST 13 Jun 2009
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This week American private client account-holders at Lloyds’s received letters informing them of an “important change in policy regarding clients who are resident, domiciled or linked to the United States by property or asset holdings”. They were told the bank had “no choice” but to “cease acting as your investment manager.”
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Funny, here comes the unintended consequences!
It will be just the first.
More forms, more intrusive checking, more audits.
Argh!
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Leave a Comment » | MONEY | Tagged: economic freedom | Permalink
Posted by reinkefj
http://lewrockwell.com/orig10/hansen1.html
Will Radically Different Banking Plans Work?
Not until we abolish legal tender laws
by Betsy Hansen
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Because the fiat money system is both the strength and weakness of America’s tyrants. It bleeds the people’s wealth and labor, but it also threatens to collapse under its own weight – or whenever the scales fall off the people’s eyes. With its green engravings of famous Americans, electrons whirling around in bank computers, and loans created out of thin air, it is one vast confidence game.
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The Federal Reserve Bank (which is none of those things) allows the congress critters, the Administration, politicians, bureaucrats, and their ilk to raise taxes without explicitly raising taxes.
The sheeple can’t even tell what they are paying in taxes. Inflation erodes their “savings” such that the gooferment can steal all their earnings in a given year. Even the worst tyrant of dictator of old used to have to leave the serfs enough to eat from year to year. And, the sheeple don’t even know they are being robbed.a
Imagine the uproar if a President said: “Sorry we have to take everything you earned this year for the good of everyone.” There would be riots in the streets. But the FED can inflate away. Since 1970, inflation has reduced the value of a dollar 97%!
Sheeple, how stupid can you be?
Independence Day? Don’t make me laff!
We’re not independent as long as the FED exists. Andrew Jackson and Thomas Jefferson, were right.
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Leave a Comment » | MONEY | Tagged: economic freedom, Economics | Permalink
Posted by reinkefj
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FJohn Reinke
Consultant at Technology Legacies LLC
Advisor, Computer Governance Committee at Manhattan College
Editor / Publisher at Jasper Jottings
Greater New York City Area
JJ Positraction JJ Endnotes Downsize DC
Philosophy of Liberty
I have NOT received any gagged governmental information requests
Reinke Faces Life 
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