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Chris Martenson Warns "There Is Nothing More Important Than Understanding This..."
Having watched Mike Maloney's "Secrets Of Money" series (Part 1, Part 2, Part 3, and Part 4 here), Chris Martenson discusses the critical aspects of the must-watch episodes. Crucially, as we enter a period of apparent Nirvanic equity markets (and dystopian 'real' economics), Martenson's points on the "unnecessarily complex monetary system" that we have today are summed up by his statement that "there is nothing more important that understanding how our money system operates... and why it will fail us."
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Wow, you still don't get it. You still refuse to consider what I wrote. You simply cannot accept anything that questions the eternal omnipotence of your god, even if what was written is a net positive for those who choose to accumulate gold (ability to accumulate at an historical value low). Why does the slightest tickling of your god elicit the same tired charges of Quisling, lackey and Leo (which almost sounds like the starting line-up for the Boston Red Sox)? You do this regularly, by the way, and have become "done with" a long and growing list of free thinking Zerohedgers who don't sip from the groupthink chalice. Apparently no deviations from the tenets of the faith are allowed. Well, that's your congregation, not mine. Remember to dig deep when they pass the plate.
Ok, it is a currency that will be rendered useless when quantum computers arrive. But fret not, the most complex calculation a quantum computer can make today is 3x15.
quantum computers can't solve ripemd160(sha256(ecc)).
sorry
Correct. Humans program computers. The new mantra of the super computer is all marketing related.
Gold And The Monetary System: Potential US–EU Conflict (1974)
http://koosjansen.blogspot.nl/2013/11/gold-and-monetary-system-potential...
This is a very, very informative link. It opens the door so that one can look at the reality of "gold policy". Gold is politics at the highest level.
After scanning the article short (im going to read it once more in quiet) I 'm getting an idea what was the great "master Plan" of the "Gods of Money".
1) Demonitize gold as it was done already succesfull with Silver prior to WWI in a concerted action of the Rothschild controlled central banks.
2) Promote the Dollars role as the substitute for gold. The trick how to achieve this was to back it with oil and the US military machine and not to foget it with the worldwide propaganda machine called modern media - thus backing and ensuring the buying power of the Dollar on a global scale.
2) Once gold was history as a monetary instrument (gold was moved to the commodity sector and the price was manipulated down by concerted actions of the Central banks) and the Dollar had replaced gold, then the next step was made.
3) The next step is or was the replacement of the US Dollar as the worlds currency because of the "two natures of the Dollar" to say the Dollar is the local currency of the US and at the same time the world currency, The plan was and is to introduce SDRs as the worlds currency while excluding gold as well as the Dollar, because the Dollar is the currency of the US thus US American polkitics would be always involved. Gold has to be excluded too, because hoarders and other gold lovers could take massive influence thus distrurbing the system of the Gods of Money.
Since it is not an easy undertaking to introduce such fundamental changes on a worldwide scale the instruments to achieve this had to be very powerful. The most powerful tool is a "controlled crisis", shaking the worlds population throwing them into fear, then everything is welcome to the blind public what is promising a solution for their imminent existential problems. The "made and well planned crisis" is as I realize just now the most powerful tool to introduce fundamental shifts in the behaviour of the population. The crisis is introducing new situations and afterwards the laws need to be adjusted to cope with these new circumstances. Following this the laws have to be obeyed otherwise punishment follows for the disobedient. A new stability is achieved - case settled.
Such crisis evnts are: Bubble building and then let it collapse; and of course number 1. tool war, fear and terror, fear of epedimies and so on. To say it simple each major problem needs its specific crisis as the tool to solve the problem.
How the present situation plays out now is not predictable at least not for me since I'm lacking the knowledge of the real facts. A normal person can just do guesswork even in these electric media times where information is much more available for ordinary people.
But what c an be said - it all depends on how the big boys get along with each other. They are making the rules sometimes in concerted actions and sometimes its like "the winner takes it all".
Hard assets are hard assets as long one has access to it and can harvest the "fruits" in peace. Gold is the exemption, its a myth on one side but on the other as history has shown often brutal or golden reality. There exists nothing comparable with gold its the only hard asset that is not bearing fruit. The fruit comes only from the imagination of man touching many deep rooted feelings. Power, greed , love, beauty, sex, religion you name it its tight connected with gold at least in mosts mans imagination.
To kill gold as a hard asset it needs more than war and crisis. The inner part of mankind has to be altered, closely related to the animal part. And this is in my opinion an undertaking what can not be planned and executed at least not on a worldwide scale. Even with the powerful mind control tools the modern media do represent there still do exists difference in culture. It might happen one days on its own in case mankind really reaches a stage where it leaves its primitive animal roots behind and a new world culture takes place. But this is not in sight right now. This is still far away future even in this time of extreme high velocity in all matters of life.
Bitcoin requires both electricity and internet access to function, which disqualifies it as a currency (it fails the durability test.)
No further details are necessary to understand Bitcoin's usefulness in a crisis situation: It is useless. Gold and silver will serve their role as money no matter what happens to the internet or the power grid. Bitcoin will not.
Governments are often quick to curtail travel privileges and internet acess during times of instability - and if you're a poor schmuck holding digital currency you no longer have access to, it's as good as useless to you.
I don't understand how anyone who understands Bitcoin could fail to understand this.
I don't think anyone is suggesting you put all your money in bitcoin or in any other asset for that matter. The name of the game is diversification. Most ZH'rs do not keep much cash in the bank either but we all need cash to buy things and pay our bills. So you keep the minimum required in the bank and invest the rest in other hard assets, such as gold, food, ammo, real estate etc. Bitcoin is not that widely accepted yet, but when it does, then I think it makes sense to keep some cash in bitcoin as well as in the bank.
If things get really bad and food is scarce, I doubt you will be able to buy much with gold either. Better to hold assets that will be in high demand at that point like food and fuel.
The most attractive ekement of bitcoin is that it is not easily debased or manipulated like all other fiat currencies. My only caveat is how the supply of 21 million bitcoins can be increased. If the supply of bitcoins is either truly fixed or extremely difficult to increase, it becomes a proxy for gold. However, who is going to stop the banksters from setting up an ETF or derivative for bitcoinlike they did with gold (GLD) and try to manipulate bitcoin value?
Gold is not "currency" either. If there is no internet or power, most likely the only real "currency" is a weapon, or food.
I understand gold and the other PMs. I also understand the history surrounding the goldsmiths and how they developed the ponzi with gold deposits back in medieval times. As long as there is a depository the bitcoin bankers can create as many bitcoins as they want. Not only that, but just wait until bitcoin becomd the markets start to notice. You will see index funds and hedge funds that are shorting bitcoin to zero. Index funds are a great multiplier to be able to short anything into oblivion, take the money, and get out of the game. If the govts are against bitcoin, look out, because the bankers are on that side of the equation.
You cannot "print" bitcoins out of thin air.
As I understand BTC, *each* bitcoin is a unique, prime number based crypto-key roughly analogous to a diffie-helman or asymetric private/public key, with a unique signature, and serial number, with (by agreement) the first series stopping at 21 million. To get a bitcoin, you must generate the crypto-key, and then publish/claim/stake the bitcoin (generating takes a LOT of computing power, leading to the suspicion that the NSA, Intel or whoever has the capability to do so if crunching numbers like hell to discover all the bitcoins that have not already been declared)
Like gold, BTC depends on it not being debased - if it ends up that BTC really *is* inviolable (with open source software being the referee), then it actually has a leg up on gold bars that are debased by titanium cores (titanium twinkies so to speak)
I am still not convinced that the NSA/Zionists/Whoever don't have a backdoor into BTC, but there are a lot of honest researchers who are looking for the flaws, and so far, so good (not withstanding sensational anti-BTC reports proclaiming that BTC miners will conspire to control the price - like Diamonds eh? except BTC isn't mined in South Africa and cut in Tel Aviv or Amsterdam)
Given Moore's law, how long will the BTC system last ?
Ladies and Gentlemen, REN, At Real Currencies:
Nature of debt money [dollar], specifically that created by hypothecation.
The hypothecation mechanism takes the borrower’s credit and assigns it to the banker. The banker then creates bank money, even though the debtor provided his asset or future labor. Banker’s risk is also low, as the debtor’s assets can be foreclosed.
This banker money splits into two parts at birth: A debt instrument is created i.e. loan documents, mortgage or some sort of debt claim. Simultaneously, the banker creates ‘his new’ money as an output of the loan. This money is called banker.
However, the instrument may travel a path different [where this fraud/loot gets in high gear]… The two entities may be disallowed from returning to each other, and hence they cannot cancel out. This is a clear danger…These two paths, and disallowing is not comprehended well by economists.
In the case of Germany circa Versailles treaty, a three way triangular flow was created. The allies had to pay back dollar denominated debts to America for war material borrowed. Germany in turn was put on the debt hook to pay dollars, gold, pounds or Francs to the Allies.
The U.S. didn’t allow much in the way of German goods importation, so Germany could not acquire dollars in trade to pay allies, who wanted dollars to pay their debts. Ultimately, Germany borrowed (more debt) from wall street to pay into the triangular flow. This triangular flow led to the hyperinflation, and ultimately a populist (Hitler) being elected.
Germany issued bonds to create credit money in Wall Street. Credit dollars found their way from Germany and ultimately to the U.S. treasury, as if they were going from one U.S. pocket to the other. However, Germany, England and France all had dollar debts that were outside of their legal system. They had difficulty acquiring the dollars to satisfy the debt instrument outside their country. This ultimately led to WW2.
It should be a cardinal rule in economics; never let your debts point outside of your legal system. How many need to die before this rule is learned? Debt money, even without usury is dangerous if not kept under control.
Lately, the U.S. has used debt instruments to create empire. A foreign country. lets say Bolivia, is hooked on dollar loans. The dollar denominated debt instruments are attached to the whole country and population. The BM [Bank Money] soon leaves the economy as much of it becomes bribe money for leaders, and the rest goes overseas to buy the power plant, or road construction machinery, etc.
The rosy economic picture of the World Bank projections never materializes, hence no dollars are available in local economy to cancel the debt instruments. Bolivia does not have enough dollars and the Bolivian currency comes under pressure.
At that time bear raiders [speculators] borrow BM money into existence and attack, causing the local money to collapse. Predators [US banks] can then enter with dollars and buy up the country, leading to Oligarchy. Or, dollar zone countries (U.S. with its military) may go in and demand their pound of flesh, i.e. resources such as oil extraction, in exchange for the debt relief.
So, usury turbocharges the debt problem, as there is not enough money to pay off the instruments. But, also there is a big problem of path, where the BM [Bank Money] is not available… it has disappeared.
It's very easy to understand Bitcoin, it is a "digital computer note".
No different than the note that I'm writing now.
Looking to unload your bitcoins at record high values?
Is that spelled B-I-T-C-H-C-O-I-N?
It may be a better fiat, for now, and I will happily cheer it on when it fucks up the bankers, but make no mistake, it is a fiat currency.
It may take a 60-80 years, or only 5, but it will do what all fiats do, get debased somehow.
The bitcoin currency can be hacked.
http://rt.com/usa/cornell-bitcoin-study-attack-332/
Maybe you could produce a 4-5 part series that explains it as well as GoldSilver does.
Or not
One doesn't need to know the inner workings of bitcoin to know that it is only worth what other people believe it's worth. If bitcoin loses it's following, it becomes worthless. It is the same as all other fiat currency in that regard. The difference is only the lack of central control.
The money system's necessarily complex,as far as its creators are concerned - it was designed that way to make it intentionally difficult for the average person to understand, so that the average guy can more easily be convinced that the common sense fiscal disciplines he's subject to as an individual don''t apply to the government - 'but don't worry if you don't understand it, just trust us that we won't fuck you over with it'.
Francis Sawyer would have made a comment about now and pointed out some common characteristics of our owners.
Fuck Ben Bernanke!
Sorry, couldn't resist. But really, is there ever a BAD time to say it?
um.. no.. reiterate to exponential infinity, but please include Pelosi, Reid, Dodd and Frank in that admonition.
+ 1
Yes!
Plenty of blame to go around to that crew!
:)
Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men. -Woodrow Wilson
http://www.themoneymasters.com/the-money-masters/famous-quotations-on-banking/
F U dot gov
Maybe at a Princeton reunion, but hell I'd even step up to the plate then.
Well, to be fair, Woodrow Wilson did say he was sorry about his part in creating the FED, so you see, it's all good. Sorry, bitchez. Seems to be a lot of that going around of late........
Very well put for a lunatic, + 1
We soo sowwy slaavs.
Yes but... he never did a damn thing to help fix his fuck up.! Kinda like Zero saying my bad I'm sorry you cant keep your plan, I lied.....
I love this butthurt biotch http://denver.cbslocal.com/2013/11/08/colorado-woman-who-championed-obamacare-loses-insurance-plan/
Great link, an excerpt: “I was really shocked … all of my hopes were sort of dashed,” Wagner said. “’Oh my gosh President Obama, this is not what we hoped for, it’s not what we were told.’ “
I hope this fucking rotten bitch and the rest of the fucktards that supported this asshole and his fucking communist legislation get fucked in the ass with higher prices and less coverage. What a bunch of absolute morons.
“A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the Nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world-no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of small groups of dominant men.”
-Woodrow Wilson 1916, 3 years after signing the Federal Reserve Act –cited in, National Economy And the Banking System of the United States - Senate Doc. 23, 76th Congress, 1st Session.
http://www.archive.org/download/NationalEconomyAndTheBankingSystemOfTheUnitedStates/NationalEconomyAndTheBankingSystem.pdf
gee.. a lot of knowledge and understanding here..
..hope it gets to the kids.
"Take responsibility but accept no consequences"
Obama & company.
"...why it will fail us."
It doesn't not serve "us," it serves them.
The guillotine serves us.
"Underground tunnels for the safe flight of jet fighter planes? That's beyond the scope of this interview."
- Serge Dassault
No comment. But a secret handshake: gesture from undercover yachtsman Jacques (spelled 'Jagger' in Britain)
- Keith Richards
What's going on here is not about currency.
You cannot circumvent the fundamentals with a derived currency, no matter your intentions.
That was nice.
Chris Martenson is great.
Rothschilds first to the top of ten Q99X2 pyramids.
i don't think they are able
to do it. quote ...
.
no, i agree, they will not be offered the
elite and systemically essential
credit.
my only wish is that the curious among us
pay attention and apply their wisdom
and intelligence , thereby saving the
day. no?
ALL YOU HAVE TO UNDERSTAND ABOUT BITCOIN IS THAT IT'S ELECTRONIC AND IT'S MADE OF 1'S AND 0'S, if you're too stoopid to figure out the rest then you're AMERICAN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
nuff said
needs repeating....and the bitcoin junkers hve a donkey ball firmly suckled to the lips, mmmmmmm,ssucky, sucky
again my apologies for being so graphic but the analogy needs to be drawn
bitcoin,,,,,,,,sucks donkey balls, however the hermetically sealed idea is a valiant one, humanity always trumps the valiant ideal
again nuff said
F#%* you Ben Bernanke!
Free Francis Sawyer!
and win valuable prizes!
Oops. Someone already said f u Ben.
Oh well. It bears repeating.
Chris,
Many years ago, your site was one of my daily reads. Like a snap of a finger, the stories of supporting Agenda 21 surfaced. I decided to bolt. However, in the early days during crash course video’s, it advanced my knowledge by 3x fold. Thank you for helping me.
Since we cannot dwell on the past, only forthcoming events can mean a transformation to excel. {IMHO}, once everyone can let go of the present illusion, society will advance to places unheard of. We’re sitting on a fence looking at both sides of a grassy field:
We have big decision to make in the future.
It's In Your Hands
This isn’t a fucking joke. We all need to work together very soon, this includes everyone!
Goodnight..
Hmm. I would think undertanding how the biosphere works and why it is going to fail you would be a bit more important.
your thinking in gradtions of complexity that eludes most mouth breathers, all they want is some jing for sum bling, den day 'appy
The die is cast. No reason to worry or think about it.
Humans cannot rise above tribal and national interests to save ourselves.
I am looking at land in Barrow to hold in trust for my grandkids. A zone 7 north pole climate is bearable, maybe.
These guys are excellent at fear mongering. They have caused major "Main Street" loses with this ridiculous idea citizens will be trading in gold coins for homes.
dude...
you need to suffocate yourself STAT, maybe pull the hat down so hard it won't come back up.... i fear you have NO monger
Reality is that for the past 3 years anyone who listened to these guys is down big, and anyone who did the opposite is up big. You can shoot the messenger all you want and continue to wish death on people, but the facts are just that.
You whipped it good!
Here is a thought for you BEVO and all you Bitcoin lovers. An old broker reminded me of one thing if you didn't sell then you didn't make money. And if it isn't in your hands its not yours.
//Here is a thought for you BEVO and all you Bitcoin lovers. An old broker reminded me of one thing if you didn't sell then you didn't make money. And if it isn't in your hands its not yours.
//lol, that's why i'm hoarding Cowry Shells and Brass.
Nice Coast to Coast am on tonight. Fukushima Special.
As mainstream media continues to ignore the seriousness of the Fukushima situation which John B. Wells has been following closely, we are now finding out it's definitely much worse than anyone ever imagined. Joining John will be four experts (Arnie Gundersen, David Blume, Dr. John Apsley, Steven Starr) who will unravel the truth about Fukushima.
Many years ago I had the privelege of helping David Blume with some of his ethanol seminars. Glad he stayed with it.
I'd take two Fukushimas and a half dozen Chernobyls over the titanic clouds of toxic shit spewing out of China.
So should I go out and buy Bitcoin stock as it breaks out to new highs above 400?
No.
Wait til it falls back to $225.
Then wait a little more...
"Modern Money Mechanics" - a must read for all noobs.
It was the interest when backed by gold (outstripped the gold reserves/supply), and it is still the interest. It´s not rocket science, but a simple mathematical problem. Obviously both gentleman don´t recognize interest as the problem for if they would they would be touching upon Mike´s work and eventually his solution towards a sustainable monetary system. Check out the real issues, and the only solution. Quite a statement eh!! We´ll shoot.... goog perfectedeconomy and/or mike montagne
it was actually the fixed gold price that hindered the system. if the gold price was allowed to float it would reflect interest charges(albeit with some arbitrage) and it would reflect the frugality or largesse of individual economies in the macro world economy. the problem with gold is knowing how much is actually out there to cover the value of currencies.
Bitcoin does NOT solve circulatory deflation. Bitcoin fails the test. Stupid is as stupid does...
Martenson repeats the bankers/politicians claim that the gold standard "failed" and had to be replaced. All that happened was the US was suddenly confronted with its inability to go on spending money it didn't have and was about to run out of gold, which would have forced the government to live within its means. So "failure" is defined as being forced to keep expenditure below income, which is not required with a pure fiat system.
Gold backed currency nor any other backed (with whatever finite stuff) currency will save us. The problem is interest, and the fact that banks falsify our promissory obligation (on their paper) by intervening on our affairs. Living within our means?? WTF does that even mean? Solution is simple, eradication of interest and an obligatory schedule of repayment of principal only at the rate of depreciation or consumption. If you put a bank in between as the middleman you get what you have now everywhere around you.
Assume we only have one ounce of gold to issue 1500 USD into circulation at 10% interest. The debt is now 1650. Where is the backing for the 150? Even if you only issue 1300 at 10% interest the interest will eventually outstrip the gold. Hence the reason why they had to leave the gold standard. Its the interest, stupid. On top of that any finite whatever will restrict industry which has the tendency to grow. So a finite whatever does not solve circulatory deflation. If a currency does not solve inflation and deflation move on. There is only one solution for inflation and deflation, and that is a circulation that is at all time equal to the things it represents. Mathematically Perfected Economy is an eradication of interest and an obligatory schedule of repaying principal only at the rate of depreciation. No inflatio, no deflation and no irreversable multiplication of debt by interest into unsoluble debt.
http://koosjansen.blogspot.nl/2013/11/greater-china-net-import-1316-tons...
A crazy idea came to my mind after reading this article.
How comes that UK gold bankers (Rothschild) do sell their gold freely by the hundreds of tonnes within one year to China. Who with a sane mind would do this in such a troublesome surrounding. Are the gold bankers idiots?
Simple answers are most often the correct ones: Its more safe there for them. Since we do not know what is the final place the bullion is going to it is well possible that these purchasing activities are nothing else than a movement from one storage facility to an other while the owner stays the same.
From England or the US, Rothschilds gold (representing an immense amount of real capital) moves to China. This gold is capital, real capital and not debt. Simply said in my opinion these movements are capital flight because otherwise this gold accumulated over centuries might be teared apart by government confiscation in the US and the UK. That would be not the first time in history. Thats why the gold has to be brought to safety while the "official" value is still low. When the gold is high then the public via democratic elections is going to ask the government to get hold of this gold. So it has to be moved now while everybody still believes gold is nothing of extraordinary value.
The gold is brought to a safe place where capital is needed and welcome and not wasted in an irrational manner. China is today a much better place for such an important capital accumulation. The US and Uk would only waste it, while Europe is not safe for Rothschilds gold since it has still a vasall status.
I observe the development of Agricultural Bank of China since 2 or 3 years. In the beginning of the restructuring of this bank to a modeern bank there was an English man involved from Jersey I think, in the supervisary board. I tried to find something about him on the net but found very little besides he was member of an traditional Knight Order. I liked the idea of such an adviser and that this Bank, while having close to 500,000 employes made a first intl aquisition in Europe buying a very small but mattering company specialized in breeding potato variations. That made sense for me for an Agricultural Bank. But besides that this bank morphed during the same time into a very modern bank offering all minds of services to its clients online including the simple purchase of gold. They pay a nice dividend and make to me a very stable impression while having huge upsid potential.
See here: http://www.abchina.com/en/default.htm
You clearly have no idea bankerboy. Banks are the problem and as long as they are in control of our money supply at interest there will will be exploitation and terminal monetary failure (some say boom and bust) due to unsoluble debt being compounded into oblivion by INTEREST.
one word for you... just one...
Now also available as "Blow-up bottle": http://shop.jagermeister.com/Shop/en-uk/BAR/Blow-up%20bottle%201%20m.aspx
http://abclocal.go.com/ktrk/story?section=news/local&id=9320227
Mass shooting in Houston, 2 dead, 18 shot.
I like what you say, supermax. I have thought along those lines and it makes sense. TPTB will want to keep some system of currency that is dissociated from anything linked to commodities or 'hard' all the better to keep the issue of it for themselves.
The main problem they face with that, is trust among themselves. This is still the same problem they have that they face with the dollar, so they are faced with the same dynamic as 'common folk' as far as 'store of value' goes. It is highly unlikely that one person or even a family has the kind of power to unilaterally control what will or will not constitute a currency, so all that still brings us back to the monetary metals, even if it is 'only' as a store among the powerful, and will be used at least among them.
Bottom line, there is just nothing that can compare with the real thing, no matter how we or they try to distort it for whatever reasons.
Chindit, the whole dynamic of the value of gold in terms of time and GDP is very interesting. Have you done a study with factoring in the value of silver in the equation and also quantity of available gold and/or PM's and world population in the same timeline compared to now? Another huge factor of course is the use of oil and machines in mining that is causing distortions. The whole exercise almost becomes like comparing apples to broccoli. We have not even touched on the whole psychological factor involved, by which I mean trust. Obviously fiat totally depends on that and it seems to really complicate the issue with trying to figure out what value to assign to what and when.
How do I convince my wife that we should trade the majic bean fors a bitcoin? What does a bitcoin taste like?
Yup... it's a WORLD OF DEBT!! SEE THE MUSIC VIDEO "WORLD OF DEBT" BELOW:
https://www.youtube.com/watch?v=99xsqxzJnXs
Debt is not the issue. It´s the interest that keeps compounding debt into insoluble debt. Debt is needed to be able to have a means to retire money from circulation and keep infl/defl in balance with the whatever goods the money represents. Add interest and ur fukced.
peas
Yup... it's a WORLD OF DEBT!! SEE THE MUSIC VIDEO "WORLD OF DEBT" BELOW:
https://www.youtube.com/watch?v=99xsqxzJnXs
SEE KARL DEENINGER'S STOCK PICKS BELOW--MUST SEE!!!
https://www.youtube.com/watch?v=XqWIS0O2gIk
If you were recently banned from the Market Ticker.. PLEASE don't come to ZH to wash your dirty laundry. Karl and I don't agree about gold /silver. However, he makes up by his strengths in other matters.
FYI
SEE KARL DEENINGER'S STOCK PICKS BELOW--MUST SEE!!!
https://www.youtube.com/watch?v=XqWIS0O2gIk
apply the same metrics to Bitcoin as to Silver and you come up with $9000 US per ounce. Either Bitcoin is hughly over valued, silver is under valued or both.
China, India, Turkey and Thailand Buying Record Amount of Gold - What Do They Know The Others Don't?
All games with Gold price manipulation have lead to two most significant outcomes for the Supply and Demand in the Gold market this year. China, Turkey and Thailand are all buying the record amount of Gold and pushing demand through the roof. Brazil and others are joining the club as well or consume all the gold produced like Russia.We can safely add India here even with all efforts to curb the official demand by the Central Bank, amount of smuggling is hardly controlled by the government there.http://sufiy.blogspot.co.uk/2013/11/china-india-turkey-and-thailand-buying.html#
Fight The
M.arxist
U.topian
T.yrannical
A.uthoritarian
N.efarious
T.reasonous
S.ocialists
Pathetic
http://www.youtube.com/watch?v=CZIINXhGDcs
David Graeber, DEBT: The First 5,000 Years
"Money" is relatively simple, as long as everyone voluntarily agrees to cooperate.
OBVIOUSLY, "money" gets almost infinitely more complicated when people are in serious conflicts. Most people, most of the time, operate INSIDE of the systems that were set up by the past resolutions of conflicts through warfare. Most people, most of the time, are attempting to voluntarily cooperate, and want money to be their symbol of cooperation. However, ALL of the potential cooperation takes place only relatively, within the context of the resolution of past conflicts through coercion. Therefore, money is primarily a symbol of human coercion, and only secondarily a symbol of social cooperation.
Most "monetary reform" theories are pie in the sky ideals, based on impossible political miracles that everyone should cooperate better. However, in fact, the real world has resulted from the resolution of conflicts through the history of warfare. Warfare is simply organized crime on a large scale. The same principles and methods of organized crime continue to operate at every level, and form the real frame of reference within which people live, while most of them do not want to think about that, but rather prefer to have voluntary contracts, in which money is their symbol of cooperation. However, all voluntary contracts are inside involuntary contracts. There is no fundamental dichotomy there. Ultimately, money is measurement backed by murder, and the debt controls depend upon the death controls. THAT is what makes the monetary system fall into an infinite tunnel of deceits and frauds, where the War Kings made sovereign states, which were taken over by the Fraud Kings, so that we ended up with governments being organized crime, controlled by the best organized gangs of criminals.
Mostly, most people, do not like that, and want to propose something different that is better, except that is impossible. The political economy is always inside the human ecology, and the human ecology is always necessarily manifesting its death controls as the central factor. Thus, the money system can not exist outside of the murder system. Nobody who proposes changing the money system that does not address how to simultaneously change the murder system is actually addressing the real problems, but rather, is continuing to propose impossible ideals, which must necessarily backfire in the real world. The advancement of science and technology have made our combined money/murder system problems trillions of times BIGGER than ever before, so that those became global electronic frauds, backed by the force of atomic bombs. Generally, nobody has any solutions to offer to problems that BIG. Given that the vast majority of people do not think about that, and those who currently dominate those already entrenched and established systems do not want more people to think about those things, we are simply bouncing down through history like pinballs.
A lot of the previous comments on this Zero Hedge article got off on the tangent of cryptocurrencies, such as Bitcoin. Clearly those are merely another manifestation of the overall globalized electronic monetary frauds, which are attempting to get out of the control of the central banking systems. However, Bitcoin only cruises within the already established systems, such as the police and military, and eventually all the weapons of mass destruction, which are currently the "credible" threats of murders to back up the measurements done by money. Bitcoin does not have its own murder system to back it up. Therefore, it is not full-fledged money, but rather still a parasite upon an parasite. The same goes for the notions about possession of gold or silver, since private property does not exist outside of some system of public violence to back that up.
The special group of Zero Hedge readers tend to think a lot more about the monetary system than the vast majority of people do. However, in my view, most of them are still reactionary revolutionaries, who want to go backwards, or who have only partially woken up to the realities that OUR PROBLEMS ARE TRILLIONS OF TIMES WORSE NOW THAN EVER BEFORE, AND AUTOMATICALLY GETTING EVEN WORSE, BY MORE ORDERS OF MAGNITUDE, AS MOST SCIENCE AND TECHNOLOGY CONTINUES TO ADVANCE, WHILE HUMAN UNDERSTANDING OF THEMSELVES APPEARS TO BE GOING BACKWARDS ...
Our greatest problem is that the history of warfare, where success depended upon being the best at being deceitful, and backing that up with violence, created the fundamental structure of our civilization. Thus, when the monetary systems were built on top of those murder systems, we ended up with money based on frauds. The DEEPER problem is that there MUST be some human ecology, in which the death controls are central to everything else, in one way or another, however those are done. The actual history that we have is a social system based on being selected to be dominated by those who were the best at lying about what they were doing, and for the controlled opposition to them also agreeing to operate within the same frame of reference.
HENCE, we are faced with runaway PROBLEMS, which are automatically getting worse every day, that all the progress in other sciences and technologies has nothing comparable inside any human sciences, such as economics, politics, or militarism, etc., since all of those are actually based on resolving conflicts through the victories of those who were the best at being deceitful, and backing that up with destruction. That is why we have ended up with a monetary system which is based on the maximum possible frauds, which was achieved by the application of the methods of organized crime, to take control over governments, whose powers were created in the crucible of conflicts, as previous triumphs of organized crime. The basic dynamics of a society based on triumphantly deceitful and fraudulent money/murder systems are that those operating their systems lie about that, while the supposed opposition to them also lie about that, in even deeper ways, by refusing to face the facts that some combined money/murder systems MUST EXIST. At present, there appear no solutions to the runaway debt slavery problems, turning into debt insanities, but to go through the death control systems backing them up probably causing death insanities. During that process, we MIGHT be able to catalyze a better transformation, IF more people understood that, and would face those facts. However, at the present time, that seems extremely improbable, since those who are ruled over do not want to understand, while the rulers do not want those ruled to understand either. There is no saner debate about what our combined money/murder systems should be, because the actual systems are operated by those who lie the best about what they are doing, while those opposing them tend to lie that no such systems should exist at all.
Theoretically, what we need is a greater use of information, and a higher consciousness, about the death controls, which are necessarily going to be central to human ecology, and therefore, increasingly central to both the emerging industrial ecologies, as well as the survival of any natural ecologies. HOWEVER, AROUND AND AROUND WE GO, STUCK IN THE SAME RUTS, WHILE THEY GET DEEPER AND DEEPER, since the evolutionary ecologies of human affairs are extremely difficult, because the current established money/murder systems were historically selected to become successful on the basis of being able to be operated through the maximum possible deceits and frauds. Therefore, the BIGGER contradictions between other sciences and technologies making some human beings become trillions of times more powerful and capable, within the same old context of the established systems being based on deceits and frauds, which require those doing that to continue to lie about that the best they can, while also requiring those being lied to continue to believe those lies, since the social pyramid systems of rulers and ruled have matching bookends of liars, and people tricked to believe in lies.
Almost nobody likes more radical truth. As awareness of the fiat money system is emerging, the corresponding deeper awareness of the murder system that was behind that is not yet emerging to a corresponding degree. Therefore, the global system of electronic frauds, backed by atomic bombs, has emerged, which nobody understands the consequences of yet. In that context, I continue to find Zero Hedge one of my favourite Web sites on these topics. However, I also find that all the articles and comments are from various kinds of reactionary revolutionaries, who have not embraced a more thorough scientific revolution, which is what it would take to MAYBE cope with the contradictions between some human beings developing science and technologies, which are trillions of times TOO BIG to continue working within the social pyramid systems of the Neolithic style of Civilization.
The conservation of matter ideas have been surpassed by the conservation of energy ideas, and therefore, the ring of truth that used to be found in the bimetallic money now is hollowed out. Going back to gold and silver money is as impossible as to erase the existence of the special theory of relativity, proving that matter is an extremely concentrated form of energy, as proven by atomic bombs going BOOM! Similarly, going forwards to various possible kinds of electronic money still does not address the murders to back up that money. Simply saying that people should voluntarily cooperate is a nice, silly little love song kind of solution, which may be popular for some audiences, but really is a non-starter. Our problems are that money is measurement backed by murder, which has become electronic and atomic, but there is almost nothing like the paradigm shifting in information theory and thermodynamics which can be found in any political theories. Furthermore, to do so would require revolutionary paradigm shifts in information theory, and thermodynamics, to make those possible to become workable to understand the human problems, where everything we did actually got done by resolving conflicts by those who were the best at deceits and frauds prevailing, and so, becoming the more wealthy or powerful people. Therefore, one of the paradoxes is that almost nobody who was successful within the established systems is able and willing to transcend that frame of reference enough to understand the bigger problems, which are TRILLIONS OF TIMES WORSE THAN EVER BEFORE!
Silver & Gold - Hidden Secrets Of Money Ep 1 - Currency vs Money - Mike Maloney
http://www.youtube.com/watch?v=DyV0OfU3-FU (25:56)
Silver & Gold - Hidden Secrets Of Money Ep 2 - Seven Stages Of Empire - Mike Maloney
http://www.youtube.com/watch?v=EdSq5H7awi8 (30:18)
Silver & Gold - Hidden Secrets Of Money Ep 3 - Dollar Crisis To Golden Opportunity
http://www.youtube.com/watch?v=y-IemeM-Ado (36:02)
The Biggest Scam In The History Of Mankind - Hidden Secrets of Money 4 - Mike Maloney
http://www.youtube.com/watch?v=iFDe5kUUyT0 (29:35)
Bitcoin is just one step away from being the corrupt mess the dollar is. God gave us money, and it is limited in quantity.
I'm like Bernanke because I don't try to understand the price of gold,so I just keep on buying it.I couldn't care what the price is rght now.But,if we enter a hyperinflatioary environment then I'll think about my grandparents.They were farmers and even though the great depression came,they didn't have much but still ate pretty good and labour was cheap so even if you were older,lots of people just wanted a place to stay and a place to eat good along with a low wage.They got by and never stood in a soup line.But then came WW2.I'm thinking that a small mixed farm bought with some gold will be a good bet and lifestyle.