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The End Of US Economic Dominance: Nails In The Dollar-Standard's Coffin

Tyler Durden's picture


Mike Maloney (of The Hidden Secrets of Money) has demonstrated that that every 30-40 years the world has an entirely new global monetary system, that the current monetary system (the U.S. dollar standard) is aging and becoming unstable, and, just like the previous monetary systems, will soon implode. The following wide-ranging clip shows that the "Nails in the Coffin of the Dollar Standard" are now coming faster and are more furious than ever before. He believes that there will be a global currency crisis before the end of this decade and that the days of the dollar standard are numbered. This will lead to a massive deflation followed by an overnight devaluation of the dollar and huge overnight revaluation of gold, and, though it will be painful for most, it is the greatest opportunity in history for those who are prepared.



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Wed, 06/11/2014 - 21:05 | 4846938 Acidtest Dummy
Acidtest Dummy's picture

The disillusionment will be epic. Expect mass hysteria.

Wed, 06/11/2014 - 21:06 | 4846948 Camtender
Camtender's picture

Will any of us live to see this happen????????????????  

Wed, 06/11/2014 - 21:07 | 4846955 Acidtest Dummy
Acidtest Dummy's picture

If you call this living.

Wed, 06/11/2014 - 21:21 | 4847010 NidStyles
NidStyles's picture

I agree with Mike Maloney, this is an amazing once in lifetime event for all of us. Every single one of us could walk away from this better off than when we went in. 

Wed, 06/11/2014 - 21:31 | 4847045 max2205
max2205's picture

Think I'll start moving $$ into the pound and franc before the year ends

Wed, 06/11/2014 - 22:35 | 4847236 Keyser
Keyser's picture

When it happens, US status will be downgraded to 3rd world shithole... The barbarians are already at the gate and the guy in charge is shouting, come on in!!!!

Thu, 06/12/2014 - 04:42 | 4847676 Sudden Debt
Sudden Debt's picture

So true, it really is like there's no effort at all to save the dollar anymore.

Especially for America, I think there's going to come some weird times...

Europe is different. We can break up, fuck it all up even more than we do now and cry defeat a few times and just start over like we always do. Over here it would only be news for about a week.

America will get it's USSR moment where it will crumble like a cookie where States will fight and kill each other like they did after the breakup of the USSR.


Thu, 06/12/2014 - 05:03 | 4847689 Incubus
Incubus's picture

I'm sticking with whatever side Texas is on.



Thu, 06/12/2014 - 08:06 | 4847847 Uncle Remus
Uncle Remus's picture

Ah - welcome to Mexico amigo. Your papers please.

Thu, 06/12/2014 - 08:31 | 4847917 Keyser
Keyser's picture

Don't think so as Texans are accustomed to the hispanic presence... After all, who do you think manicures our lawns, cleans our houses and cooks our food? It will take generations before they have a chance at economic equality... How long has the black community been trying to catch up? 

Thu, 06/12/2014 - 09:53 | 4848176 detached.amusement
detached.amusement's picture

so in other words, the more help they get, the longer it'll take them

Thu, 06/12/2014 - 10:50 | 4848391 JRobby
JRobby's picture

Remember Senor not to work or seek employment while you are here. Just enjoy yourself!

Sure, go try Canada. You will hear the same thing there gringo. Eh!

Thu, 06/12/2014 - 08:01 | 4847837 caShOnlY
caShOnlY's picture

So true, it really is like there's no effort at all to save the dollar anymore.

They have reached the proverbial fork in the road:  Save the dollar and suffer the deflationary depression that comes with it or accept the hyperinflation(currency destruction). 

From Ludwig Von Mises:

"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved."


Wed, 06/11/2014 - 23:22 | 4847359 jeff montanye
jeff montanye's picture

yes. the franc. good choice.

but it's not gold.

Thu, 06/12/2014 - 07:04 | 4847774 CuttingEdge
CuttingEdge's picture

Norwegian Krona is a great alternative.

The US needs to look closer to home than China and Russia and the raghead states - fucking over your perceived allies to fill your depleted coffers cannot end well:

Thu, 06/12/2014 - 13:26 | 4849188 RaceToTheBottom
RaceToTheBottom's picture

I think the Franc is tied to the Euro, so basically the Franc now is not your fathers Franc

Wed, 06/11/2014 - 21:24 | 4846965 SilverDoctors
SilverDoctors's picture

Talk about nails in the coffin for the USD standard...Jim Willie is claiming that the Saudis, Germany, France, & Japan are about to turn their backs on the US, and join a Russian alliance- with you guessed it...a common gold-backed currency.  
The Fat Lady is warming up...


Wed, 06/11/2014 - 21:38 | 4847060 XitSam
XitSam's picture

A gold backed currency? I doubt it. Only if the bankers want a return to a monetary system that makes sense.

I anticipate another round of fiat. 

Thu, 06/12/2014 - 02:33 | 4847603 LostandFound
LostandFound's picture

If the Central Banks want an element of control, then they may find themselves having to go back to a Gold standard to stop the increase in market share of Cryptocurrencies.

Gold is the less of two evils for the banksters!

Thu, 06/12/2014 - 05:38 | 4847708 Urban Redneck
Urban Redneck's picture

Following up on what I posted below, for an idea of just how fleeting 100% gold backing was- the Bank Charter Act was passed in 1844, suspended in 1847, again in 1857, and again in 1866. The attached paper "Where it all began: lending of last resort and the Bank of England during the Overend-Gurney panic of 1866" Deals with shadow banking in the 19th century and the importance of accepting (clearing & settlement) other people's CRAP paper in exchange for your own CRAP paper if you want to you want to be top dog in global finance. The alternative of course, would be for the aspiring top dog central bankster to accept other people's CRAP paper in exchange for physical gold...

If the PBOC chairman came out and said "That might happen, and monkeys may fly out my butt" then I might rethink the possibility of backing toxic trash with physical gold, especially if Zhou Xiaochuan had been replaced by Jim Carrey, Mark Carney or some other obnoxious Canadian (particularly if they were an ex GS-banker with a giant pile of toxic paper to exchange for physical gold, but regardless- the opportunity would be restricted to members of the club).

Crypto currencies are like the physical coins in circulation- they mean something to some little people, but they are inconsequential at the CB level, and they can't take significant market share of the CB's unless they can efficiently discount toxic trash and be issued against the toxic trash. Just like with the goldbugs- who wants to exchange their crypto currency for digital subprime slime?

Thu, 06/12/2014 - 04:28 | 4847670 shouldvekilledthem
shouldvekilledthem's picture

How would it make sense when it still relies on a lowly promise made by a bunch of criminals?

bitcoin ftw 


Thu, 06/12/2014 - 04:29 | 4847671 Urban Redneck
Urban Redneck's picture

The rinse, repeat machine agrees... MOAR FIAT!!!

It won't be over until banksters go bankrupt, given that they have control of the printing press, they intend to be the last to go bankrupt.

Yes, the Currency School (read Austrians/hard money camp) did win out over the Banking School, but the victory was fleeting and with the next big crisis, the BoE/Bankster class was welcomed back to feed the debt addicts.

From 1858:

Had we space to trace in detail the history of the Bank of England—to show how the privileges contained in its first charter were bribes given by a distressed Government in want of a large loan—how, soon afterwards, the law which forbade a partnership of more than six persons from becoming bankers, was passed to prevent the issue of notes by the South-Sea Company, and so to preserve the Bank-monopoly—how the continuance of State-favours to the Bank, corresponded with the continuance of the Bank's claims on the State; we should see that, from the first, banking-legislation has been an organized injustice. But passing over earlier periods, let us begin with the events that closed the last century. Our rulers of that day had entered into a war—whether with adequate reason needs not here be discussed. They had lent vast sums in gold to their allies. They had demanded large advances from the Bank of England, which the Bank durst not refuse. They had thus necessitated an excessive issue of notes by the Bank. That is, they had so greatly diminished the floating capital of the community, that engagements could not be met; and an immense number of promises-to-pay took the place of actual payments. Soon after, the fulfilment of these promises became so difficult that it was forbidden by law; that is, cash-payments were suspended. Now for these results—for the national impoverishment and consequent abnormal condition of the currency, the State was responsible. How much of the blame lay with the governing classes and how much with the nation at large, we do not pretend to say. What it concerns us here to note is, that the calamity arose from the acts of the ruling power. When, again, in 1802, after a short peace, the available capital of the community had so far increased that the redemption of promises-to-pay became possible, and the Bank of England was anxious to begin redeeming them, the legislature interposed its veto; and so continued the evils of an inconvertible paper-currency after they would naturally have ceased. Still more disastrous, however, were the results that by-and-by ensued from State-meddlings. Cash-payments having been suspended—the Government, instead of enforcing all contracts, having temporarily cancelled a great part of them, by saying to every banker, “You shall not be called on to liquidate in coin the promises-to-pay which you issue;” the natural checks to the multiplication of promises-to-pay, disappeared. What followed? Banks being no longer required to cash their notes in coin; and easily obtaining from the Bank of England, supplies of its notes in exchange for fixed securities; were ready to make advances to almost any extent. Not being obliged to raise their rate of discount in consequence of the diminution of their available capital; and reaping a profit by every loan (of notes) made on fixed capital; there arose both an abnormal facility of borrowing, and an abnormal desire to lend. Thus were fostered the wild speculations of 1809—speculations that were not only thus fostered, but were in great measure caused by the previous over-issue of notes; which, by further exaggerating the natural rise of prices, increased the apparent profitableness of investments. And all this, be it remembered, took place at a time when there should have been rigid economy—at a time of impoverishment consequent on continued war—at a time when, but for law-produced illusions, there would have been commercial straitness and a corresponding carefulness. Just when its indebtedness was unusually great, the community was induced still further to increase its indebtedness. Clearly, then, the progressive accumulation and depreciation of promises-to-pay, and the commercial disasters which finally resulted from it in 1814–15–16, when ninety provincial banks were broken and more dissolved, were State-produced evils: partly due to a war which, whether necessary or not, was carried on by the Government, and greatly exacerbated by the currency-regulations which that Government had made.

Thu, 06/12/2014 - 06:00 | 4847718 Cryogenic
Cryogenic's picture

But this time it will be different, we promise....

Fri, 06/13/2014 - 03:47 | 4851783 cooky puss
cooky puss's picture

Hard to believe yeah, but FMI Christine Lagarde DID mention multiple times an economic reset on interview recently:

(sorry for the french blog link, video is in english though, I use an electronic device with limited browsing capabilities)

A new currency might be in the minds of many by now (in the form of a cocktail of currency + % of gold)

Wed, 06/11/2014 - 22:32 | 4847229 explosivo
explosivo's picture

Thanks for that link.

Thu, 06/12/2014 - 02:43 | 4847616 LostandFound
LostandFound's picture

I like Jim Willie, although i struggle to listen to him, i love reading his stories, they are excellent.

One thing for sure, is that the Saudi move will not happen until they unpeg themselves from the dollar, similar to here in the UAE. Why peg your currency to a currency that is ending?

I think a new dinar or confirmation of a free floating currency will be the signal that this is going to end. Until now, this has not happened.

Thu, 06/12/2014 - 08:35 | 4847929 Keyser
Keyser's picture

I believe Jim is right, it's just a matter of timing... My belief is that the dominos will begin to fall with the collapse of the Euro... If Spain defaults, that may be the black swan...


Thu, 06/12/2014 - 05:49 | 4847712 barre-de-rire
barre-de-rire's picture

you are done, you & your money,  why we would not turn back & go where frontiere are natural way for commerce ?


you are behind a whole ocean, you dont have to interact with ukrain, not your land, not your history, you only have economic war issue.


after you failed & die, there is no more problem.


just die & stfu. stick your tafta in your ass. you pushed europa to do dumping & kill jobs for decades, time's come you to pay.



Thu, 06/12/2014 - 08:32 | 4847921 quasimodo
quasimodo's picture

We should be in good shape then here in the states, puulletee of fat ladies to go around.


Thu, 06/12/2014 - 10:53 | 4848402 JRobby
JRobby's picture

Willie is next in line to be poster boy for euthanasia. Unless you want to fill in for him?


Wed, 06/11/2014 - 21:19 | 4847002 duo
duo's picture

Rivers and seas boiling, 40 years of darkness....Earthquakes, volcanoes...

The dead rising from the grave.

"Human sacrifice, dogs and cats living together, mass hysteria!"

Wed, 06/11/2014 - 21:22 | 4847011 zaphod
zaphod's picture

I don't expect mass hysteria, I expect mass looting both physically and in voting booths by people demanding to be taken care of.

Thu, 06/12/2014 - 02:56 | 4847629 mt paul
mt paul's picture

Coffin dollars...

Wed, 06/11/2014 - 21:05 | 4846941 stant
stant's picture

The dalla darlin will be the last to go. But go it will

Wed, 06/11/2014 - 21:06 | 4846946 Ned Zeppelin
Ned Zeppelin's picture

Those who fantasize that the USD will go quietly into the night will be proven quite mistaken.

Just IMHO.

Wed, 06/11/2014 - 21:16 | 4846987 COSMOS
COSMOS's picture

I think Libya, Syria, Vietnam, Afghanistan, Ukraine, Iraq, etc are making quite a bit of noise....

Thu, 06/12/2014 - 07:13 | 4847780 BrosephStiglitz
BrosephStiglitz's picture

Was having this discussion with a colleague (economist) on monday.  He claimed "it takes a long time for currencies to collapse."

That is exactly what I responded.  This has been in the making for decades.  It started taking real form in 2002 and has continued to accelerate.  A lot of people really cannot grasp reality, they think this is tinfoil hat stuff.  The general response I get is disbelief in my assertions, even from people that I consider to be good friends.

Thu, 06/12/2014 - 07:59 | 4847836 JoeSoMD
JoeSoMD's picture

I think decades is waaay to short a period to call a collapse.  Rome was centuries even without a strong central command and (political) control structure.  I think it comes down to external pressures, and i don't see a strong enough entity out there to apply the pressure.  There is a goog, but really really long book on Rome out there.

Thu, 06/12/2014 - 10:44 | 4848380 MrButtoMcFarty
MrButtoMcFarty's picture

Rome didn't import energy.


Thu, 06/12/2014 - 12:20 | 4848844 JoeSoMD
JoeSoMD's picture

True, but they did import food... it was a major reason for conquest.  the other was to present more of a buffer against invaiders.

Thu, 06/12/2014 - 02:28 | 4847595 Dubaibanker
Dubaibanker's picture

Hey Ned,

First, you go down gradually (since 9/11) and then suddenly.....

Black swans and all....

When was the last time you checked up the share price of Citibank or for that matter Lehman? You probably don't even remember what happened to Bear Stearns and Merill? I heard they used to be big and all....

Never mind what the Americans are doing in countries outside, including with friends like Germany (hint: Snowden). What about the people who are not friends like Syria, Iran, N. Korea, Libya, Afghanistan, Pakistan, Yemen, Sudan, Somalia, Ukraine, Venezuela.......all have been pounded back to the Middle ages, sadly! Perhaps Americans need to create a few friends. Must be needy, I guess, by now.

Been to Detroit or Stockton lately?

Wed, 06/11/2014 - 21:15 | 4846972 DavidPierre
DavidPierre's picture


The once glistening fortress in Kentucky used to house 8500 tons of gold until it was stolen by the Clinton-Rubin gang.

Only morons and dupes believe the official story of relocating it to the New York Fed and West Point for safe keeping, coupled with lunatic concepts like Deep Storage Gold.

Ask Germany, Netherlands, Austria, and Venezuela how the safe keeping of their official gold account is doing.

Abandonment of the Petro-Dollar involves the reversal of a generation in commitment, even more. It involves discharge of decades of accumulated rubbish US$-based debt paper.  

We could have the first sighting of a BRICS Central bank outpost for processing USGovt debt securities, straight into Gold bullion.



Wed, 06/11/2014 - 21:24 | 4847014 NidStyles
NidStyles's picture

Wait, Die Hard taught us tha the evil Germans were trying to steal our gold. So when the Germans come looking for their gold seriously, what will people think?

Wed, 06/11/2014 - 21:44 | 4847078 CCanuck
CCanuck's picture

yippy ki-yay motherfucker!

Wed, 06/11/2014 - 23:13 | 4847337 jez
jez's picture

Ja, but vizz ze heavily-accented Pritish actors playink ze Chermans.


Jeremy Irons saying "Holy Toledo" was a highlight for me.

Wed, 06/11/2014 - 21:13 | 4846978 Hagen
Hagen's picture

There is just a problem with this charlatan. A currency in a zone in deflation which is prolonged reinforces mechanically, it is thus the opposite of what he tells.

Wed, 06/11/2014 - 21:52 | 4847110 SilverIsMoney
SilverIsMoney's picture

This is a great point but I think the point he's trying to make is the Central Banks will never let it happen. When this deflationary mega-crash hits their only response to it will be to print MOAR and it's at that point he thinks PMs will jump into their super-bubble becasue the currencies will just straight up collapse as they try to fight the worst deflation in history with the largest inflation of credit/money in history. It will lead to a collapse of all currencies and PMs value relative to everything else will go bonkers - that's where this golden moment comes from in his eyes - When 1 OZ of gold buys the dow, when Silver hits 10-1 in the GSR, and when 500OZ buy a house. He's basically telling you a giant bubble in PMs are coming as a result of this currency collapse and that's where this golden moment lies for us. He's thinking a step a head of the deflationary collapse - though said collapse would most likely destroy PM prices imo and he doesn't mention that.

I've been following Maloney for a long time and that's the impression I get...

Thu, 06/12/2014 - 12:24 | 4848862 Turin Turambar
Turin Turambar's picture

More like a deflationary fallacy. Yeah, nobody's going to buy a cup of coffee today because it'll probably be cheaper tomorrow.  Nobody is going to buy a computer today because they will be more powerful and even cheaper tomorrow.  Err, wait, nevermind.  :-O

Economic illiterates.  Sure, pay attention to what the phD geniuses have been saying about the repercussions when they've been wrong about everything else for decades - Austrian school excepted.

Wed, 06/11/2014 - 21:15 | 4846983 Obama_4_Dictator
Obama_4_Dictator's picture

Mike is the best...this presentation is amazing...he's one of my idols

Wed, 06/11/2014 - 21:18 | 4846993 AUD
AUD's picture

Maloney still believes that the value of the $ depends on the amount in existence & is clearly befuddled why his previous predictions of currency collapse haven't eventuated. He is offering ever more more spurious examples of why it will.

The east west cycle!? Get fucked.

Wed, 06/11/2014 - 21:22 | 4846999 Xanadu_doo
Wed, 06/11/2014 - 21:25 | 4847020 humblemechanic
humblemechanic's picture

The USA is rich with money that they created by printing tons of US$1,000 bills; who would not be rich if we can print our own money. The USA can only make weapons and much of nothing else, what is that good for ? Can you eat canons, tanks, fighter jets, or can US produce anything useful by using tanks or jet fighters for making shoes, shirts such like ? The USA is a useless superpower that makes nothing of value, that is the reason why US has to create USELESS ENDLESS WARS and kill millions upon millions of civilians all over the world. Americans just love to insult China as producers of CHEAP GOODS ! Yes, but RICH !

Obama's effort in pivoting to the Pacific is an exercise in utter futility. He is attempting to restore America as the so called sole superpower of the world; what a waste of time & resources. The USA is set to slide into the dustbin of history where all Empires rightly belong. He is missing the point because what is defeating the US Empire is bot the force of arms but the sheer power of commerce of the BRICS; these nations have grown so powerful & wealthy that the military power of the USA touted to be more powerful than all the other half of the developing world can't over-come. America is just the biggest BULLY !

Wed, 06/11/2014 - 21:25 | 4847021 humblemechanic
humblemechanic's picture

The USA is rich with money that they created by printing tons of US$1,000 bills; who would not be rich if we can print our own money. The USA can only make weapons and much of nothing else, what is that good for ? Can you eat canons, tanks, fighter jets, or can US produce anything useful by using tanks or jet fighters for making shoes, shirts such like ? The USA is a useless superpower that makes nothing of value, that is the reason why US has to create USELESS ENDLESS WARS and kill millions upon millions of civilians all over the world. Americans just love to insult China as producers of CHEAP GOODS ! Yes, but RICH !

Obama's effort in pivoting to the Pacific is an exercise in utter futility. He is attempting to restore America as the so called sole superpower of the world; what a waste of time & resources. The USA is set to slide into the dustbin of history where all Empires rightly belong. He is missing the point because what is defeating the US Empire is bot the force of arms but the sheer power of commerce of the BRICS; these nations have grown so powerful & wealthy that the military power of the USA touted to be more powerful than all the other half of the developing world can't over-come. America is just the biggest BULLY !

Wed, 06/11/2014 - 21:38 | 4847056 Azwethinkweiz
Azwethinkweiz's picture

Though I agree with this, I have to say that Mike Maloney (Baloney) is a shill.

Mike Maloney put out video after video promoting and selling gold and silver and his recent writings are now promoting bitcoin.

Not saying bitcoin is bad but the guy is a salesmen. I, personally, hate salesmen. They're all full of shit.

TheSilverFuturist got conned by this man and finally, Joe, TheSilverFuturist, realized this and as someone who is more intelligent than I am and has done business personally with Mike, that speaks volumes. You should watch his videos on YouTube for the full gist.

I despise Baloney and his salesman antics. 2 cents.

Wed, 06/11/2014 - 21:51 | 4847074 Azwethinkweiz
Azwethinkweiz's picture

Tyler, could you kindly post some of Warren Pollock's videos on here? The man has been accurate time and time again over the years and has the balls to post the most indepth and nut-churning information that would arouse all the doom and gloomers and their parents, co-workers, friends and family who chide them.


For fuck sake! The guy is a modern revolutionary and nobody links his videos!!!!!

Let's not forget: the more people who awaken to the cancer ruining this nation and the world, the better chance we have of saving ourselves from ourselves. One way to do that is to like, subscribe and share accurate, unbiased and informative information. One man is trying....


Wed, 06/11/2014 - 22:11 | 4847167 Radical Marijuana
Radical Marijuana's picture

In his comment about his video about "young revolutionaries" and "young counterrevolutionaries" Pollock stated, "Generally, there will not be a revolution or counter revolution in the US; the more likely outcomes include breakdown, break-apart and collapse.?"

That is what I am expecting too. Anything else would take a series of technological and political miracles.

Wed, 06/11/2014 - 22:28 | 4847218 msmith9962
msmith9962's picture

His videos portray an an intelligence and credibility that some of his peers, like Maloney dont have.  Name dropping, shooting in the back of a cab while reading the paper in london or playing doomy music detract from the message.

Mike Rupert may have been a smart guy with a good message but he always seemed needy.


Warren is pretty solid.

Wed, 06/11/2014 - 22:47 | 4847271 CCanuck
CCanuck's picture


Great link, I had heard his name before, however never listened to him speak before.

Excellent, clear, concise information and he did it without trying to sell me a fucking thing.

Evryone should take some time to listen, short videos, excellent information, no infotainment or shilling.



Thu, 06/12/2014 - 03:33 | 4847649 OldPhart
OldPhart's picture

Agree with AZ, Tylers...Warran Pollock is an equivalent of Ron Paul, spun as a democrat.  We need to see that kind point of view mixed with our usual fare.  The guy is sharp, and calls bullshit on many things we believe because he believed them at one point.  You need his counter-point.

Thu, 06/12/2014 - 01:55 | 4847563 Wile-E-Coyote
Wile-E-Coyote's picture

Oh the irony......FFS who is the salesman now?

Wed, 06/11/2014 - 22:03 | 4847140 SilverIsMoney
SilverIsMoney's picture

I think you're dead wrong.

-Debt Collapse Video

-Hidden Secrets of Money Series

-This Video


The guy has tried to share his knowledge as much as he possibly can. His Silver Pegasus is the BEST VALUE buy in silver today. He's a salesman, of course he is so are all of us really, but that doesn't make him a bad guy. I consider him a real fighter for the cause...

Wed, 06/11/2014 - 22:15 | 4847181 Azwethinkweiz
Azwethinkweiz's picture

Thank you Hidden Secrets of Money Ambassador for sharing your two cents. Hope Mike gives you something good for "free" for this post.

Thu, 06/12/2014 - 01:11 | 4847534 Larry Dallas
Larry Dallas's picture

I got news for you, everyone is a salesman in one form or another. Unless you work a govt job or have a red stapler in your office in the basement.

Influencing others via your ideas is sales.

Trying to get laid is sales.

Anyone who's created any wealth whatsoever is a de facto sales person.

Wed, 06/11/2014 - 22:21 | 4847148 Radical Marijuana
Radical Marijuana's picture

I have always found Mike Maloney's presentations well worth watching. However, his idealized views regarding what "money" SHOULD BE, have, I feel, blinded him to what money actually IS, which is measurement backed by murder.

Of course, I too believe that the US Dollar debt slavery system is rushing at an exponential rate towards numbers which have become debt insanities. However, I expect that will provoke death insanities before any other adaptions might be able to emerge.

Maloney's views regarding what "money" SHOULD BE, attract an audience that wants to believe in similar concepts. However, the notions of what "money" SHOULD BE appear to me to be deliberately ignorant regarding the deeper issues. People desire to be able to continue to believe that "money" represents the "good" things that Maloney lists as the characteristics of what "money" SHOULD BE.

Meanwhile, the facts that the strip-mining of the planet has been "paid" for with "money" made out of nothing as debts, which was actually backed by murders, which never had to admit that central fact, has enabled a globalized economy based on the success of fundamental frauds to be built, through which the people who were sharing in the ways that the profits could be privatized never had to recognize the ways that the loses were being socialized.

Mike Maloney is a classic example of someone who was able to become successful operating within the established systems, by understanding them better. However, that enabled him to indulge in the notions that making "money" was somehow representative of the list of good things that "money" SHOULD BE, as presented in his other videos. He is able to take for granted, or to disregard and discount the degree to which money is measurement backed by murder.

The real world now runs on systems of globalized electronic frauds, backed the threat of the force of atomic bombs. The MADness of Mutual Assured Destruction backs the MADness of Money As Debt. That IS double MADNESS, always getting MADDER, especially since those who propose idealized "solutions" to those problems tend, like Mike Maloney, to recommend an idealized list of the properties that "money" SHOULD BE, while they get to deliberately ignore what "money" ACTUALLY IS, which they can continue be successful doing because pretty well their entire society is based on the same kinds of bullshit, where the relatively subjective, personal perceptions of human civilizations as energy systems within the natural world do NOT have to respect the relatively more objective realities regarding those things, because their social success was based on being able to operate INSIDE of the already established biggest bullies' world view, where the triumphs of deceits and frauds were regarded as being good things, because it made those doing that become more wealthy and powerful, WITHIN the context of that social system, which was controlled by lies backed by violence.

It continues to be mostly the case that the people who were the most individually successful within the established social systems are the ones who most took for granted those systems, without recognizing the larger environmental ecology that always surrounded that political economy, and enabled it to exist and develop in the ways that it did. In that context, in my view, it is practically impossible to exaggerate the degree to which human civilization has become completely crazy.

Inside of that situation, people like Mike Maloney are able to continue to cruise through on the autopilot of taking the established systems for granted, while proposing idealized "solutions" to the real problems by listing the features that "money" SHOULD HAVE. Nowhere does Mike Maloney, nor his kind of audience, ever come to terms with the ways that money was measurement backed by murder. Therefore, that the current systems of electronic frauds, backed by atomic bombs, are trillions of times worse than ever before in human history are not things that he, nor his kind of audience, bother themselves with worrying about.

Thu, 06/12/2014 - 07:48 | 4847769 BrosephStiglitz
BrosephStiglitz's picture

I still maintain my stance that silver and gold are predominantly tools of WEALTH PRESERVATION.  They are not tools for investing.  You have to trade on swings in demand and supply purely to make a profit as they do not generate added value.

For that reason silver/gold/platinum/palladium(?) are good to hold in a stock crash, or financial shock.  There will be a problem pricing said metals in the event of a dollar currency crash.

I thought about what might be used as an alternative to the dollar if the currency system came in for a hard landing.  It can basically be anything.  In the US, the best item I could come up with was ammunition.  Likely to be broadly held by everyone, relatively durable (relatively), physical, has intrinsic value even to otherwise peaceful individuals in times of unrest.  Widely abundant too, unlike silver/gold which has been shipped off overseas to Asia (that is no coincidence by the way.)

Edit:  Rereading this sounds negative for gold/silver, but I largely agree with Maloney.  There has been a regional scarcity in places like the US and UK that has been created by transferring the supplies overseas.  If they do become demanded (physically) on a broad scale the real price will skyrocket.  My point (which I think Mike Maloney would agree with) is that you have to correctly identify the characteristics of whatever investment that you hold, and trade accordingly.  Stocks, bonds and housing have all but run their course now.  There are dark days looming on the horizon in those markets.  In the future I might like the markets again, but for now they look grisly.

Wed, 06/11/2014 - 22:18 | 4847190 Seize Mars
Seize Mars's picture

I don't know what Maloney sells, all I know is that his videos are fucking excellent.

I have shown them to the clueless, who find themselves starting to have a clue.

Thu, 06/12/2014 - 00:39 | 4847500 r00t61
r00t61's picture

I agree.

His presentation on fractional-reserve banking and how money is "created" (i.e., conjured out of thin air by computers) is worth its weight in gold.

Thu, 06/12/2014 - 05:34 | 4847703 JustUsChickensHere
JustUsChickensHere's picture

nice irony there .... measuring the worth of his presentation in real money :-)   Though I suspect the words are worth a lot more than they actually weigh.

Wed, 06/11/2014 - 23:43 | 4847396 kchrisc
kchrisc's picture

While I do find it sad, I still get a chuckle off the wake up the American people are going to get.

Most societies in history have transitioned to poverty and totalitarianism in stops and fits. The American people will just one day wake up to the realization of their situation. It will happen damn near overnight, as it has already happened, but they are unaware of it.

Sad situation.

Thu, 06/12/2014 - 00:03 | 4847437 AdvancingTime
AdvancingTime's picture

I recently found myself thinking about the decline or collapse of great empires and realized that it is often hard to predict when or how their demise will occur. One sign of the end is a massive growth in crony capitalism and corruption. Many analogies can be taken from this idea, the empire need not be great and timing is always hard to correctly gauge.

The signs of decline may be everywhere but that does not guarantee the end is near. As the foundation crumbles away it is not uncommon for those in power to extend their rule by many tricks and changing the rules in order to gain a new lease on life. More on the subject of how empires collapse in the article below.



Thu, 06/12/2014 - 07:52 | 4847827 JoeSoMD
JoeSoMD's picture

Rome took centuries, even w/o a strong and reactive central control structure.

Thu, 06/12/2014 - 01:02 | 4847523 SyndicateOne
SyndicateOne's picture

None of this will happen. Look at how the Fed has prolonged the 'inevitable'. They can do this crap forever if they need to. 

Thu, 06/12/2014 - 05:21 | 4847695 Calculus99
Calculus99's picture

It will happen, just the timing is the hard part (sadly, the timing might mean 1-20 years).

NEVER forget, that master planners are masters at backing themselves into a corner...

Thu, 06/12/2014 - 04:15 | 4847668 Illuminatus Rex
Illuminatus Rex's picture

In times of old, the robber barons resorted to coin clipping and debasing the metal content of the people to reduce our wealth. Now only the switched on fight back and buy up deliberately smashed down metals where we still lose out financially to protect the fiat ponzi before the record stops.

Today, we laughably have the Chancellor in the UK telling the people that forex trading rigging will be a criminal offence ! A £3 trillion per day unregulated market ! jail time for a few rogue bankers whilst the central planners prolong the shell game for their own end are clearly rattled and plate spinning to save the game for another month or two and they are tiring faster than you imagine.

The game is nearly over, gold and silver manipulation will be exposed later this summer to the public when the London silver fix ends, so expect the Asia, Russia, Middle East chaos to increase, preparation mentally for the people to be programmed for a coming war. They will not go down easily.

Ask yourself this, preaching to the converted here, I know. Who do you trust, a Jim Willie forecast or Kitco forecast ? Gerard Celente forecast or the IMF forecast ?

East / West ... Left Wing / Right Wing ... Capitalism / Communism are all traps as we all know to perpetuate Hegelian ideals of divide and conquer.

Let's go back to spending sea shells ! Get the popcorn ready, going to be an eventful summer !

Thu, 06/12/2014 - 04:42 | 4847677 Its_the_economy...
Its_the_economy_stupid's picture

Nah, I don't think so. The fix is just last minute short changing, the real act is the futures market smack downs w no regard for contract limits. With endless currency printing, metals will be controlled untill currency loses all value....and that won't be this year or next.

Hold off on the popcorn.

Thu, 06/12/2014 - 13:48 | 4849299 RaceToTheBottom
RaceToTheBottom's picture

I think it all depends on how the foreign Central Banks act.

If they act like the US and they could, then the game will continue without a huge run-up of gold.

I think that they could just sell gold back and forth keeping the illusion of fiat currencies up to snuff.  Even China has far more at stake via US FRNs than via holdings in Gold.

That is why I keep asking why would China act differently than the US has?  It seems to me that all those foreign CB would love to act like the US CB...

I have lots of Gold/Silver via physical and CEF and want to be wrong but .....? 

Thu, 06/12/2014 - 06:20 | 4847741 orangegeek
orangegeek's picture

death to the dollar as is bottoms and takes off to multi-year highs


the more things change, the more they stay the same

Thu, 06/12/2014 - 07:52 | 4847826 rsnoble
rsnoble's picture

Save the children!! Give us your guns!!

Thu, 06/12/2014 - 10:27 | 4848314 mastersnark
mastersnark's picture

Rich people problems. Us working folk ain't got nothing to worry 'bout.

Thu, 06/12/2014 - 12:58 | 4849047 moneybots
moneybots's picture

 "Nails in the Coffin of the Dollar Standard" are now coming faster and are more furious than ever before.


That is due to the invention of the nail gun.  It is more efficient than a hammer.

Thu, 06/12/2014 - 14:15 | 4849265 TeethVillage88s
TeethVillage88s's picture

Market Survey of the above comments:

1) Proliferation of Linkages in Credit between banks, 2008 Financial Collapse, system of system increases risk of black swan
2) Controlling Elite seem to use Dollar, seem to leverage the dollar, enjoy financial growth thru the dollar, emotionally invested in the US Dollar
3) Gold & Silver Exist in abundance in many countries, strong production world wide
4) Oil is a substitute for money, could be considered a bankable asset or a reserve, produced world wide, refining is a bottleneck as technology is not wide spread or requires lots of capital
5) Financial Markets characterized by "Gaming" (price fixing, fraud, corruption), large number of points in financial markets for individuals & cartels to fix prices, front run, counterfeit asset, or use insider info
6) Power & Control are exercised within our economy by insiders who can easily network with political leaders, law enforcement, and can change laws & Tax codes to suit there long term goals and reduce competition and costs
7) Military Alliances are in place to control markets, trade, and economics of the global situation, OPEC, BRICs, NATO, UN, WTO, UNESCO, DR-CAFTA, US-Saudi Arabia, US-Israel, US-Egypt, US-Japan, US-South Korea, US-Taiwan, US-UK-AU-CA,
8) Petro-Dollar added advantage & stability to world exchange rates, but this is being challenged
9)Trans-National Corporations have the same Economic & Military Power as whole Countries, Michael Snyder states that Elites (corrected) have $32 Trillion sitting off shore in banks
10) US Total Debt $60-$62 Trillion
11) China & Europe also have huge debt to GDP Ratios
12) Growing Divides between Classes partly due to Rising cost of Health Care (which will bankrupt you), Education Tuition (which will haunt you), Housing (Will keep you in debt), and Energy Cost (not being addressed & Rising)
13) Technology makes poor people & powerless people realize the differences between the classes, makes them restive
14) Piracy & Slavery are as old as we know, nothing new here, it is forgotten but rising in media
15) The oldest Laws carved in Stone contain details about divorce, social justice, social classes, slavery, property, land, contracts, and economics, we are still dealing with the same issues 4-5000 years later
16) Assets, debts, Liabilities, Freedom, Health, Food & Water, Energy, Money, War, Culture, Legacy
17) Commodities include things that all people need for survival, therefore prices can rise for food, water, energy, shelter
18) US Markets are wide open to foreigners
19) US Treaties are seldom Read, not well understood, and put together by lawyers, politicians, and hidden wealthy interest groups

Thu, 06/12/2014 - 14:02 | 4849399 NunNun
NunNun's picture

What about the $700B-$800B debt incurred in bonds issued by the Republic of China?  Today China refuses to pay claiming they don't have to pay debt issued by "another" government.  (Yet, they insist that bonds issued to them by pre-Saddam Iraq be paid.)  If we get to the point that the dollar is about to be devalued overnight, I don't see how this issue can be avoided even if it comes to war.  If I'm mistaken, I'm interested to read what others have to say about this.

Thu, 06/12/2014 - 14:18 | 4849497 TeethVillage88s
TeethVillage88s's picture

I hadn't heard about that debt of the "old" government of China.

As I understand it:

After war, the Treaty drawn up for Bankers always states "all previous debts will be honored". After all bankers fund the wars.

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