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

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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.

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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.

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POLITICAL: Hopefully the USA doesn’t succumb to Davos

https://tomluongo.me/2021/11/30/germany-falls-completely-to-davos/

Germany Falls Completely to Davos
Date: November 30, 2021 Author: Tom Luongo

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If anyone was under any illusions that Germany wasn’t completely under the control of the Davos Crowd then I think this article from Politico should burn that perception into your retinas.

The article details what’s in the new German government’s agreement between the parties. It lays out the goals of the coalition as well as the roadmap for its policy priorities.

In short, this is literally a laundry list of everything Davos has been demanding and it ensures the complete neutering or submission of the FDP’s Christian Lindner to the Davos agenda.

I’m not going to go through them all point by point, the Politico article does that well enough.

What’s important here is that in light of the media release of OmicronVID-9/11 that the new German government is keen on serving its Davos masters agenda fully. Even though OmicronVID-9/11 looks to be the mildest and least interesting strain of COVID-9/11 that isn’t deterring European governments from announcing enforced vaccination programs, including from Germany’s new, fragile coalition.

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Sorry to say but the global Davos crowd are no friends of Liberty.

The USA seems to be adopting the the worst of the agenda.  As if there was any good parts of it.

Remember good old George and “entangling allowances”!

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INTERESTING: Are humans like these Deer In The Czech Republic Have Migration Patterns Guided By Memories Of?

https://www.mindbounce.com/trivia/deer-in-the-czech-republic-have-migration-patterns-guided-by-memories-of/

TRIVIA
Deer In The Czech Republic Have Migration Patterns Guided By Memories Of?
Fault Lines
Medieval Trade Routes
The Iron Curtain
Abandoned Logging Roads
Cuchulainn/Wikimedia

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Answer: The Iron Curtain

Researchers tracking the movement of red deer in the Czech Republic discovered something rather curious. Despite the physical ability to travel freely wherever they wished, the deer’s travel routes never crossed the border between the Czech Republic and Germany.

The deer have no political motivation in avoiding international travel, but instead are obeying what amounts to a set of rules passed down, generationally, from doe to fawn. During the Cold War, the entire border between the Czech Republic and West Germany was fenced off with parallel electrified fences and patrolled by armed guards. Crossing the border was a death sentence for the deer and they learned to avoid the entire length of it.

Young red deer spend roughly a year with their mother after birth and it turns out that red deer mothers have, for generations now, been teaching their young to avoid the border. At this point, they could easily cross the border without worry, but the habit is ingrained and although the deer can’t communicate why the area is dangerous to each other, they learn by behavior and avoid it for the rest of their lives—passing the border avoidance on to their offspring.

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Rule of thumb

How many ingrained habits do we humans have?  Lessons aka “rules of thumb” called, in fancy language heuristics, can lead us astray when they no longer apply (i.e., the universe change making them erroneous, obsolete, or if we are lucky just a quaint oddity. We get them from our ancestors or other human beings.

A heuristic is a mental shortcut that allows an individual to make a decision, pass judgment, or solve a problem quickly and with minimal mental effort. While heuristics can reduce the burden of decision-making and free up limited cognitive resources, they can also be costly when they lead individuals to miss critical information or act on unjust biases.

Sometimes, it can be quaint when one of those “rules” is observed in the real world that just makes no sense (i.e., “the man should walk on the left side of a woman” so should he need to draw his sword she’d be safe).  But other times, to just dangerous to ignore (i.e., the safe following distance when driving).

In any event, this story reminds me about how they train elephants to be bound by a thin leg rope.  The elephant is conditioned that they can not escape.

How many limiting beliefs do we have?

How many do I have?

What can’t be seen?

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HEROIC: August Landmesser — challenged the Nazi’s; died for it

https://libertymaniacs.com/blogs/news/46145473-historys-heroes-the-amazing-and-tragic-story-of-august-landmesser

[TIP ‘o’ the HAT to: Liberty Maniac Dot Com]

HISTORY’S HEROES | THE AMAZING AND TRAGIC STORY OF AUGUST LANDMESSER

Landmesser liberty maniacs print large

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On June 13th, 1936, this hero named August Landmesser was working at the Blohm + Voss shipyard in in Hamburg, Germany. When you read his story, you’ll never forget him.

In the 1930s, the fascist mania for Hitler’s regime instituted a law making the infamous “sieg heil” hail victory salute mandatory for Germans.
One German named August Landmesser, seen here in this powerful photo, refused to obey. His incredible story is one of great courage, sacrifice, and horrific loss in the name of love.

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When you stand against the Gooferment, it will crush you.

I hope I have his courage. Do you?

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GOLDBUG: The allure of gold in a fiat currency world

http://www.zerohedge.com/news/2015-05-09/russell-napier-explains-whats-store-gold-if-cash-outlawed

Russell Napier Explains What’s In Store For Gold If Cash Is Outlawed
Submitted by Tyler Durden on 05/09/2015 19:45 -0400

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However, in such a world, zero-yielding gold would be a high-yielding instrument. If the authorities ever sought to restrict access to banknotes, then gold would suddenly find itself enfranchised as money for the first time in many decades. So, given the scale of these competing forces, it is just too early to say what might happen to the gold price, but the allure of gold will grow the more it becomes clear that central bank fiat has failed and the age of government fiat is dawning.

The time is ever nearer when the price of gold will rise in an era of deflation. In due course, though no time soon, the full force of government fiat will engineer a reflation, albeit one replete with the misallocations of savings and capital so beloved by the bureaucrat. Then the PhD standard, in which the value of money is linked only to the words of the over-educated, will have ended. The gold price will rise even further, ‘And the words that are used for to get the ship confused will not be understood as they’re spoken, for the chains of the sea will have busted in the night’. And that’s ‘The hour when the ship comes in.’

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Interesting change of the interest rate perception.

“Gold doesn’t earn interest.”

That was the common complaint. It just sits there. And, there is a negative opportunity cost.

Now for gold bugs like me, it’s insurance. 

The Gooferment can’t tax it when I die because it doesn’t exist.

The FED, the banking cartel’s, “man in the Gooferment”, can’t inflate it.

And, no one can track it.

With the FED’s zero interest rate policy — screw you senior citizens living on a pension and some savings —, there doesn’t seem to be quite the argument about not paying interest. Compare zero to, as Ric Edelman puts it, zero point nothing, doesn’t seem so bad now does it?

Also, when you think about Cyprus and their “bail in” solution that turns depositors into creditors of the bank, or worse shareholders with non-tradeable shares — think non-traded REITs, another of Ric Edelman’s “favorites” — gold doesn’t compare badly.

I go back to my two favorite … … examples.

  • In Roman times, two ounces of gold got a custom man’s outfit with cloak and sandals; today, those same two ounces translates to about 3,400 FRB “dollars”. Pretty equivalent.
     
  • And, in my yute, gas at the old Hess station was 30¢ a gallon with trading stamps, a glass, and the attendant pumped it — also cleaned the windshield; today those same three SILVER dimes could be sold for about 6 FRB “dollars”, which would buy more than TWO gallons of “better gas”, but no glass, stamps, or attendant (except in the Pepuls Republik of Nu Jerzee). Pretty equivalent. 

SO WHAT’S DIFFERENT?

The value of the currency!

Argh!

I’ll keep my nonexistent gold, silver, and nickels. Thank you very much.

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