These Girls Accept Bitcoins At Their Lemonade Stand
Posted: 01/08/2014 3:46 pm EST | Updated: 01/09/2014 11:44 am EST
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Bitcoins have been everywhere in the news lately. Their value crashed, it crashed again, yet more and more businesses are accepting them. One particular business has really caught the Internet’s attention: a lemonade stand run by two adorable girls in San Francisco.
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Inevitable?
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Leave a Comment » | 
MONEY | Tagged: BITCOIN, currency alternative, fiat currencies | 
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Posted by reinkefj
In Fed and Out, Many Now Think Inflation Helps
By BINYAMIN APPELBAUM
Published: October 26, 2013
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WASHINGTON — Inflation is widely reviled as a kind of tax on modern life, but as Federal Reserve policy makers prepare to meet this week, there is growing concern inside and outside the Fed that inflation is not rising fast enough.
Some economists say more inflation is just what the American economy needs to escape from a half-decade of sluggish growth and high unemployment.
The Fed has worked for decades to suppress inflation, but economists, including Janet Yellen, President Obama’s nominee to lead the Fed starting next year, have long argued that a little inflation is particularly valuable when the economy is weak. Rising prices help companies increase profits; rising wages help borrowers repay debts. Inflation also encourages people and businesses to borrow money and spend it more quickly.
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Excuse me, are reporter that deceitful — it’s a tax on capital; not modern life.
Excuse me, are ecknominists that obtuse? They know that inflation is theft.
Excuse me, are The Sheeple that stupid? Guess they are!
So anyone, who is on a fixed income, poor, or certificates of depreciation, loses purchasing power?
Put more air in an already inflated balloon.
Why?
To fool people into spending more!
Argh!
Consumer prices will go up and the poor will be left behind.
Stable commodity based money is a benefit to society. Those on fixed incomes and the poor benefit from stability.
Save your nickels!
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Leave a Comment » | MONEY | Tagged: fiat currencies, hidden taxes, theft by fraud | Permalink
Posted by reinkefj
http://news.yahoo.com/ap-impact-families-hoard-cash-5-yrs-crisis-042042926.html
AP IMPACT: Families hoard cash 5 yrs after crisis
Associated Press BERNARD CONDON 3 hours ago
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NEW YORK (AP) — Five years after U.S. investment bank Lehman Brothers collapsed, triggering a global financial crisis and shattering confidence worldwide, families in major countries around the world are still hunkered down, too spooked and distrustful to take chances with their money.
An Associated Press analysis of households in the 10 biggest economies shows that families continue to spend cautiously and have pulled hundreds of billions of dollars out of stocks, cut borrowing for the first time in decades and poured money into savings and bonds that offer puny interest payments, often too low to keep up with inflation.
“It doesn’t take very much to destroy confidence, but it takes an awful lot to build it back,” says Ian Bright, senior economist at ING, a global bank based in Amsterdam. “The attitude toward risk is permanently reset.”
A flight to safety on such a global scale is unprecedented since the end of World War II.
The implications are huge: Shunning debt and spending less can be good for one family’s finances. When hundreds of millions do it together, it can starve the global economy.
Weak growth around the world means wages in the United States, which aren’t keeping up with inflation, will continue to rise slowly. Record unemployment in parts of Europe, higher than 35 percent among youth in several countries, won’t fall quickly. Another wave of Chinese, Brazilians and Indians rising into the middle class, as hundreds of millions did during the boom years last decade, is unlikely.
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“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
Sorry, but “cash” isn’t money these days. While it is a “medium of exchange” and “measure”, it fails as a “standard” or “store”.
And maybe if it fails “standard”, it may be failing “measure”.
OK, it does serve as a “medium of exchange”.
But that’s it.
Note that in disasters and civil unrest, there is no exchange.
And, the TEOTWAWKI (The End Of The World As We Know It) preppers point out you can eat money. But you can make an expensive fire and poor quality toilet paper out of it.
Let’s tackle “standard” next. What is a “dollar”? It’s got no measure. It’s purchasing power decreases year over year due to inflation. An ounce, a gallon, a meter — they don’t change.
Back to “measure”, a 100 is still a 100. But it’s like baseball and football records. How do we measure if every year they change the definition of distance?
And cash is certainly not a “store”. The “rats” are eating the “seed corn” of value.
Argh!
I suggest the preppers’ mantra — beans, bullets, bandaids, and then bullion!
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Leave a Comment » | GOLDBUG | Tagged: counterfeit, FED, fiat currencies, inflation rate | Permalink
Posted by reinkefj
http://dailyreckoning.com/the-domestic-terrorist-you-can-call-a-hero/
Daily Reckoning
The “Domestic Terrorist” You Can Call a Hero
Jeffrey Tucker
Posted Sep 10, 2013.
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I dreamed I saw Bernard von NotHaus, alive as you or me.
Said I, “But Bernard, you’ve been jailed two years.”
“I never was,” said he.
Bernard has been the called the Rosa Parks of the alternative money movement. More than 10 years ago, he had this idea that he would make his own money — not the fake stuff we are used to, but the real stuff made of actual silver. He called his currency the Liberty Dollar (and why not, since there is no trademark on the word dollar?).
The feds raided him in in 2006. In 2007, the government outright stole 2 tons of coins from him, many of them featuring an image of Ron Paul, plus 500 silver coins and 50 gold coins. They threw him in jail and dragged his name through the mud many times.
He was later convicted of making counterfeit coins — an ironic conviction given that he was making silver coins to compete with official coins made out of scrap metal. That conviction was in March 2011, fully 2½ years ago. The government labeled him a “domestic terrorist.” Yet — and this is what amazed me — he still hasn’t been sentenced. He walks around as free as you or me.
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It’s all about keeping the Sheeple sleeping.
I bought Liberty Dollars.
As a hedge.
The two silver discs are a little tarnished, but retain their value.
I forget what I paid for them but they have “held” their value.
The only mistake Bernard made was to put the word “dollar” on them.
(Even though it’s not a restricted term.)
He should have just stuck to the weight.
But they are no more “counterfeit” than they are “worthless”.
Argh!
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Leave a Comment » | Political | Tagged: counterfeit, counterparty risk, FED, fiat currencies, silver | Permalink
Posted by reinkefj
Misrepresenting Commodity Discs as coins or legal tender is prohibited.
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Learn more, place orders, give feedback and keep up to date on our Facebook Page.
https://www.facebook.com/CommodityDiscs
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The next NoFed!
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Leave a Comment » | GOLDBUG | Tagged: fiat currencies, money, silver | Permalink
Posted by reinkefj
Morgan Whistleblowers Confess Bank Manipulates Gold & Silver
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In a stunning development, two JP Morgan whistleblowers have confessed that the bank manipulates the gold and silver markets. This is truly a shocking admission by the courageous JP Morgan whistleblowers. In a blockbuster King World News interview, London metals trader Andrew Maguire told KWN that the two JP Morgan employees came directly to him with hard evidence that the bank was actively manipulating the gold and silver markets.
This is a truly catastrophic event for JP Morgan, which up to now has denied manipulating these markets. Below Maguire takes KWN readers around the world on a trip down the rabbit hole as he discusses how he led the two JP Morgan employees to turn over the evidence to a law firm which specializes in high profile whistleblowers, and also to the CFTC. According to Maguire, the CFTC has virtually buried this information. Is this a cover up, or the next LIBOR scandal about to be exposed?
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What a surprise.
“I’m shocked, shocked to find that gambling is going on in here!” Captain Renault in Casablanca
Manipulation of the metals allows the Banking Cartel, the OPEC of Banking, to support Big Gooferment in its robbery of the People.
Argh!
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Leave a Comment » | GOLDBUG | Tagged: Big Banks, fiat currencies, frauds | Permalink
Posted by reinkefj
http://dailyreckoning.com/a-huge-gold-prediction-from-reality-tv/
A Huge Gold Prediction… From Reality TV
Matt Insleyby Matt Insley.Posted Aug 30, 2013.
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You wouldn’t expect to find gold under Ghana’s tan brown soil.
But it’s there. Lots of it.
Whether it’s a brand new Caterpillar 330b, a piecemeal front end loader or an army of low-paid workers, excavators are moving top soil to unearth the gold-rich gravel. I’ve seen it all.
There’s a frenzied pace in this boom-country… today we’ll take a look. But more importantly we’ll see how Ghana’s gold rush has shed light on the decade’s MOST important gold trend.
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In short, the two American yahoos, while trying to secure a mining claim, found thousands of Chinese nationals are overtaking many of the mining concessions in Ghana. It’s illegal, but no one was stopping the brute force of the Chinese. As one local tribesman admitted, the Chinese “have guns” and aren’t easy to move from a claim.
How Do You Say “Claim Jumper” In Chinese?
If you’re watching the reality show looking for a good plot the Chinese claim jumpers make for a good antagonist. But if you’re tuned in to the show as a gold watcher, you know there’s a lot more to this story.
For starters, what the heck are thousands of Chinese nationals crawling around Ghana’s gold fields for?
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If we do some back of the envelope math, since the country’s last “official” announcement we’ll quickly see that China could be holding an EXTRA 4,000 metric tons (or more) of gold. That’s enough gold to place them firmly as the world’s second largest gold holder.
But let’s get back to that reality TV bit above. China, the way I see it, isn’t just producing large amounts of gold and legally importing bullion from Hong Kong.
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Unless you think the Chinese are stupid, why are they pursuing the “barbarous relic”?
Do they suspect that the paper chase will end when the music stops?
And what does the poor Sheeple do?
Debt and “saves” in “dollars” (whatever those are) paying the inflation tax!
Argh!
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Leave a Comment » | GOLDBUG | Tagged: fiat currencies, inflation rate, value equation, wealth, wealth preservation, wealth protection | Permalink
Posted by reinkefj
Letterhead
August 23, 2013
Mr. Ferdinand Reinke
1641 International Dr Unit 414
McLean, VA 22102-4831
Dear Mr. Reinke:
Thank you for contacting me about H.R. 77. I appreciate hearing from you.
H.R. 77, the Free Competition in Currency Act of 2013, was introduced by Representative Paul Broun on January 3, 2013 and was referred to the House Judiciary Committee’s Subcommittee on Regulatory Reform, Commercial and Antitrust Law. This legislation would allow any metal coins issued by a government or individual to be legally accepted currency.
The Federal Reserve System was established in 1913 to provide stability in the banking system through the regulation of bank reserves. It is the central bank of the United States and formulates the nation’s monetary policy, with a dual mandate of fostering maximum employment and price stability. It is also the “lender of last resort” in our nation’s financial system. Its record reflects its commitment to promoting low levels of inflation and unemployment, as well as maintaining economic stability.
The Fed is purchasing $85 billion in assets each month in an effort to stimulate spending and spur investment in businesses and homes. These asset purchases are known as quantitative easing (QE). There is uncertainty about the Fed’s ability to unwind from QE without some financial or economic disruption, including inflation. However, currently inflation and inflation expectations remain low; consumer prices rose 2% in July 2013, compared to a year earlier.
Since August 2012, the Fed has released quarterly financial statements in addition to its annual reports, in response to demands for accountability and openness. I think this is an important step and believe we will continue to see such measures from the Fed in the future.
Thank you again for contacting me with your views.
Sincerely,
Signature
Tim Kaine
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Notice that he never addresses the issue.
I know what the fluff says.
But the dollar has lost 99% of its purchasing power in my life time.
Argh!
Why bother writing these goes?
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Leave a Comment » | Ranting | Tagged: FED, fiat currencies, inflation rate | Permalink
Posted by reinkefj
OP/ED | 7/29/2013 @ 8:00AM |1,698 views
Gold Defined Money And Monetary History At The Cato Institute: A Velvet Underground Event?
Ralph Benko, Contributor
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“Since the end of convertibility in 1971, average real wages per hour of work in the United States have been stagnant. Average annual American economic growth since 2000 has been about half the average annual real growth of the previous two American centuries. The real purchasing power of a 1971 dollar saved in the bank, adjusted by the CPI, has declined to a value of about 15 cents. That is to say, the price level has risen from 1971 to 2013 by about six-fold, a rise unparalleled in the history of the American Republic. In a word the American middle class, relatively speaking, has been gradually dispossessed.
“The consequences of the collapse of real money worldwide are still unfolding. But let it be said that only one century of post-World War I financial disorder has been written.
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One can quibble about exactly how much a dollar has shrunk!
Personally, I’d suggest 30¢ for a gallon of gas in 1964 versus $4 on 2013 equals 92.5% loss of value!
Put it another way, a 13 fold increase in the price level.
No wonder an 8$ minimum wage doesn’t look good!
Retirees, the poor, the wage slaves, and anyone with savings is getting royally <synonym for the past tense of the procreation act> !
Convert currency and dollar denominated assets into things the Gooferment can’t print!
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Leave a Comment » | GOLDBUG | Tagged: fiat currencies, gold coins, inflitration | Permalink
Posted by reinkefj
The Daily Reckoning by The Daily Reckoning / 1d // keep unread // preview
Why Gold Will Make a Comeback
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You might be tempted to think that the global economy is recovering, the dollar strengthening and gold will finally sink into obscurity. Think again.
Central bankers like Ben S. Bernanke may tell you that banks hold gold bullion only for sake of “tradition,” but gold traders know otherwise — gold is real money, and despite what bankers, economists and mainstream investors have been saying, their actions show they are terrified of a coming currency crisis.
This Daily Reckoning video will show you exactly what is going on under the radar at some of the world’s biggest central banks, and how it is destined to affect gold prices.
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There are some very very ugly chickens coming home to roost.
All the “dollars” that the Federal Reserve has created out of thin air are sitting in the Big Banks. Just cause they are not “circulating” doesn’t mean that we are off the hook.
The Gooferment must inflate to “pay off” their unsustainable debt, unfunded liabilities, and spending.
So what are us “little people” supposed to do?
Prepare for hard times. Save and invest in things that preserve your “wealth” when the situation winds down.
Learn a real skill, economize, pay down “bad debt”, buy productive land, bullets, beans, band aids, commodities.
Gold, silver, and nickels.
Anything to preserve value.
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Leave a Comment » | GOLDBUG | Tagged: fiat currencies, gold coins, inflation rate | 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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