Fraudulent Monetary System

Guest Post: It’s Not Like I Can Talk To My Neighbor About This Stuff…

There’s a rather peculiar tribe of people in northern Uganda known as the Ik that has completely mystified anthropologists for decades. You see, the Ik are unlike just about any other people on the planet in that they shun cooperation, community, and even family. Due to the constant disruption of national boundaries in Africa coupled with terminal drought and famine conditions, the Ik have a very limited means of survival. As such, their culture epitomizes the ‘every man for himself’ mentality. Family means nothing. One brother could be starving to death, and the other brother with a belly full of food, and neither would have the slightest thought of sharing. It simply does not register with them. Each member of the tribe typically spends long periods in isolation searching for food and water. Their only reason for marriage is simply that it’s more convenient to build homes in pairs. Nothing else is shared… and most of the time, an Ik husband and wife will seldom be home at the same time. Children are occasionally produced from conjugal relationships, generally because they scare off birds and pests from the agricultural fields. By the age of 3, Ik children are kicked out of the home and left to fend for themselves. And they’re not weaned off, either, it’s sink or swim. All of this sounds shocking to westerners.

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SmartKnowledgeU Managing Director JS Kim's third appearance On the Edge with Max Keiser this year. This time around JS and Max discuss the fraudulent nature of the global monetary system and the failure of the rest of the world to connect the fraudulent monetary system with many of the world's other significant problems.

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With gold and silver bulls, since the beginning of this new PM bull in 2001, the four dreaded words that every gold/silver bull has been reluctant to say because it has served as the kiss of death every time gold/silver has been on the verge of a seemingly enormous breakout, is “This time is different.” Yet this time it IS different and here’s why.

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Lars Schall of MMNews Germany has recently interviewed many outspoken critics of the inner workings of our global financial system including former Federal Housing Commissioner and Solari Inc. President Catherine Austin Fitts and Associate Professor of Economics and Law at the University of Missouri,Kansas City (UMKC) William K. Black. Below is my recent interview with Mr. Schall.

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Today, casinos have much more integrity in their business dealings than do banks. In general, casinos have more cash and more transparent business dealings with their clients than do banks. That's why it's so ironic that most large commercial banks, as part of their "moral code", do not allow private bankers to do business with casinos. It appears today, that the bankers got that one entirely wrong.

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In his first State of the Union speech in 2010, President Barack Obama carefully chose his words in calling for a new jobs bill to stimulate real organic economic growth. However, politicians have always been extremely deft about making speeches that present a united front with the people against corruption, while often hammering out legislation behind closed doors that ensures no real change will ever occur. To determine if the wool is being pulled over our eyes once again, let’s turn to the actual text of President Obama’s State of the Union speech.

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The Death of Capitalism

Bankers are destroying Capitalism. Unfortunately, most Westerners won’t realize this until five years from now, when the middle class has been forcibly relegated to the ranks of the poor. And this isn’t just a situation that will afflict America but it will likely afflict Japan and many countries in the EU such as the UK, Spain, and Greece just to name a few.

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If we tackle all flawed arguments against gold on the basis of logic and from the perspective of understanding that from time to time, bankers execute artificial schemes to depress the price of gold to serve their own purposes, then it should be quite simple to ignore your local politician and economist when they tell you that you shouldn’t buy gold because it is a bubble.

Guest Post: Interview With J.S.Kim

J.S. Kim is the founder of SmartKnowledgeU™, an independent investment research and wealth consulting firm. J.S. accurately called the recent global financial crisis, sharing his thoughts on his investment blog, to his subscribers, and in a series of YouTube videos. His articles have been reprinted online by Reuters, the New York Times, USA Today, the Wall Street Journal, the Financial Times and the International Business Times. He recently authored the timely book, “Confessions of a Wall Street Insider, a Zen approach to making a fortune from the coming global economic crisis.”

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I do not profess that the main structural arguments of the following essay are mine. Rather they belong to a rather famous former Chairman of the US Federal Reserve named Alan Greenspan as noted in his rather seminal 1966 essay titled “Gold and Economic Freedom”. However, I have taken the specific arguments of that very prescient essay and modified and reinterpreted them to fit into the contemporary situation of our current global and financial crisis (that it its core, is a monetary crisis).