MONEY: Arizona GOLDBACKs Limited Early Release – Now available

Saturday, October 18, 2025

Interesting. 

Goldbacks are now coming in new denominations  —  3, 2, and ½ of a goldback. 

This to me indicates that there is some demand.  I know in Keene that at least 120 businesses are taking them.  And, not just the odd balls running businesses.  I see that there are also more merchants taking them in Utah, Nevada, and Arizona.  Seems like a groundswell to upset the FRBies. 

Last time something this big happened was when Bernard von NotHaus started NORFED and the FEDs railroaded him into jail and seized all the assets. They hung their charges on the fact that he called it a “dollar”.  I wish I was on that jury. 

Notice how the folks behind the GOLDBACK have avoid that particular pothole!

Wonder how they will try to suppress this rebellion?

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Interesting fact is that “dollar” is a corruption of the German word “Thaller” which was a one ounce silver coin minted by Joseph Thaller way back when.  So where does the FED get off usurping that word for their paper fiat junk.

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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.

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Article I, Section 10, Clause 1: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

So clearly, the Dead Old White Guys didn’t intend for the Federal Gooferment to issue money?

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GOLDBUG: The shift from dollar-based global economy to something else is glacially slow but you can see it happening

Saturday, November 2, 2024

https://www.gold-eagle.com/article/commodity-currency-revolution

The Commodity Currency Revolution
Alasdair Macleod
Author & Head of Research @ Goldmoney
April 7, 2022

*** begin quote ***

We will look back at current events and realise that they marked the change from a dollar-based global economy underwritten by financial assets to commodity-backed currencies. We face a change from collateral being purely financial in nature to becoming commodity based. It is collateral that underwrites the whole financial system.

The ending of the financially based system is being hastened by geopolitical developments. The West is desperately trying to sanction Russia into economic submission, but is only succeeding in driving up energy, commodity, and food prices against itself. Central banks will have no option but to inflate their currencies to pay for it all. Russia is linking the rouble to commodity prices through a moving gold peg instead, and China has already demonstrated an understanding of the West’s inflationary game by having stockpiled commodities and essential grains for the last two years and allowed her currency to rise against the dollar.China and Russia are not going down the path of the West’s inflating currencies. Instead, they are moving towards a sounder money strategy with the prospect of stable interest rates and prices while the West accelerates in the opposite direction.

The Credit Suisse analyst, Zoltan Pozsar, calls it Bretton Woods III. This article looks at how it is likely to play out, concluding that the dollar and Western currencies, not the rouble, will have the greatest difficulty dealing with the end of fifty years of economic financialisation.

Pure finance is being replaced with commodity finance

*** end quote ***

We’ve seen the price of gold in dollars rise.  ₿itcoin is another example of the little people seeking to save in the face of massive inflation.  And, those ₿itcoiners who are holding on for dear life (aka HODLers) are obviously big winners and just don’t let go.

Some Gooferment just levied a 42% tax on ₿itcoin capital gains.  Good luck collecting that.  That’s why self-custody is almost mandatory.  I can see generations of family practicing tax evasion and avoidance as wealth is transferred inter-generationally by means of ₿itcoin, precious metal “coins” (i.e., rounds), and other hard invisible assets.  

For the “tiny savers”, for whom the price of gold and silver is too big a barrier to entry, ₿itcoin and Goldbacks are low cost ways to enter the market.

Not every seismic change happens quickly like a Tsunami, Earthquake, or Hurricane.  But like small tremors lead up to a big quake, this is happening right before us.

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GOLDBUG: Time to diversify savings?

Saturday, February 12, 2022

EMAIL TO LUDDITE AND OTHERS

Bitcoin: The Inevitable Path Toward Global Adoption Of The Next World Reserve Currency https://www.zerohedge.com/crypto/bitcoin-inevitable-path-toward-global-adoption-next-world-reserve-currency

So, if the USD has a shelf life partially due to historical precedence and partially due to fiscal irresponsibility (overprinting of the money supply), what comes next? What replaces the USD? Another fiat currency? It’s possible, but my guess is the days of trusting a centralized party to maintain a stable supply of a currency have come and gone. Why trust, when you can just verify? An argument could be made that gold is today’s reserve asset as it is held by the majority of central banks.

RESPONSE

Not sure what to say on this, it’s above my pay grade.

MY CONCLUSION

Me neither. But, with the Gooferment’s inflation destroying the U$D’s value, it would seem that “diversification” of savings is essential to preserving what little wealth one has. 

Pre-1913, people saved gold and silver coins.  Since there was a gentle price deflation in the USA during that interval, it was a great strategy for preserving wealth.  After 1913, the erosion began, I blogged in June of 2006 about Evy’s Dad and his Fifty Dollar bill  —

https://reinkefaceslife.com/2006/06/30/rant-a-visit-from-one-of-my-favorite-socialists/

*** begin quote ***

My now departed father in law used to have a folded up fifty dollar bill in his wallet. He had carried it their since he was a young man, so that he’d “never be broke”. He was blue collar working guy. Salt of the either. Raised his family, paid his bills, and did the best he could. He was poor! BUT, he never realized, (I didn’t tell him cause he wouldn’t have believed me! I was just a child in his eyes.) that HIS beloved DEMOCRATIC (not that the R’s are any different), silently stole his “fifty in sunken city”. Yup, when he put that Fifty in his wallet if could buy lots of stuff: A hundred gallons of gasoline. Feed his family for a week. Ffity cartons of his beloved Lucky Strikes. Pay an entire hospital bill for an accident. It had value 60 years ago. After 60 years of inflation, I didn’t have the heart to tell him that his beloved Fifty was really was worth about 13 cents. Sad isn’t it.

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As you know I like gold and silver bullion coins, but recently I’ve been thinking about diversifying to bitcoin.  Now I’m thinking about GOLDBACKS. I’ve dabble in BITCOIN and ETHERIUM.  I’ll probably dabble in GOLDBACKs too.  My bullion coin dealer is shifting out of coins and into middleman.  (Why use him when I can go directly AMPEX or others?). Sigh. So in March, I’ll be shifting.  Not sure exactly what mix but I’ll do something.

YMMV

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“Three hundred years from now where will you be and where shall I be?” — Thich Nhat Hanh

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