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"Gold Is Money And Nothing Else" - JP Morgan's Full December 1912 Testimony To Congress
In December 1912, no lessor man than J.P.Morgan testified to Congress to "justify Wall Street," during investigations over alleged manipulation and collusion. The transcript reads like it could have been given yesterday (as nothing ever changes) but at its heart the banker laid out 33 "Morgan Epigrams" which appear - in the ensuing 102 years - have been lost to greed and arrogance... The irony is wondrous: "Securities do not always prove good", "Money is gold, and nothing else", "I think manipulation is always bad."
J.P.Morgan's 33 Epigrams:
1. I have absolute faith in the patriotism and public spirit of the Stock Exchange.
2. The moral responsibility has to be defended as long as you live.
3. Securities do not always prove good.
4. It is difficult to get stockholders to take active interest in their companies.
5. I do not believe I could carry any question through any board against the views of the other directors.
5. I like a little competition, but I should rather have co-operation. Without actual control, you can do nothing.
6. I want to control nothing.
7. There is nothing in the world by which you can make a money trust.
8. I do not feel that I have vast power.
9. I do not think I have power in any department of industry; I am not seeking it, either.
10. All the money and all the banks in Christendom cannot control credit.
11. My firm is not run by me; I am not the final authority.
12. I believe in divided as against concentrated responsibility.
13. I do not compete for deposits.
14. I do not care whether they ever come, but they do come.
15. A bank, if it transacts its business right, will get its share of the business.
16. Nobody wants to put money into a new railroad in these times.
17. I always assist young men.
18. If it is good business for the interests of the country, I do it.
19. If I should attempt to tell where the money is in every transaction I make, I should have a hard time of it.
20. I did it because I thought it was the thing to do.
21. I should not allow a man to be associated with me that I thought was a fraud, simply because he owned a bank which at that moment was solvent.
22. Money is gold, and nothing else.
23. If a man had the credit, and I had the money, his customer would be badly off.
24. I have given a man a check for a million when I knew he had not a cent in the world.
25. The first thing is character, before money or property or any- thing else.
26. A man I do not trust could not get money from me on all the bonds in Christendom.
27. I never heard of a bank being controlled by anybody who gave it business.
28. The first thing is to get the business, and the next thing is the way you transact your business.
29. I think manipulation is always bad.
30. I never sold short in my life that I know of, but I do not see how you will get along without it. It is a principle of life, I think.
31. I would not favor legislation that would reduce the volume of speculation. You cannot prevent the public buying a thing that they think is low, or selling a thing that they think is high
32. You cannot in a bank in which you are a director, not in any first-class bank, at any rate, go and find out how much I have got in that bank.
33. You can get combinations that can control business, but you cannot control money.
* * *
Quite stunning! But as the transcript below shows, nothing ever changes!!
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"Truth, like gold, is to be obtained not by its growth, but by washing away from it all that is not gold." - Leo Tolstoy quotes
"Gold is a treasure, and he who possesses it does all he wishes to in this world, and succeeds in helping souls into paradise." - Christopher Columbus quotes
Whomever tried to correct me the other day, there you have it. Money is gold, nothing else.
Ignore them, only over educated, and usualy broke employees will tell you gold isn't money
True irony that JPM is now the biggest criminal metals manipulator.
Barry says only terrorists like ISIS use precious metals like gold and silver (and solid copper) as money.
Maybe Congress can pass some kind of anti-terrorist metals law...
I piss on your grave you fuck! You and your descendents.
you know it's bad when you yern for the good old days of the robber barron.
That's because C.S. Lewis was right...
“Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience."
"For our own good" is the advertised reality; "For their own good" is the actual reality.
p.s. the overlords don't have consciences.
33 nothing special with that number people, please move along. lmao.
"The objection to Puritans is not that they try to make us think as they do,
but that they try to make us do as they think." -- H.L. Mencken
Make new friends but keep the old.
one is silver (http://www.bgasc.com/product/10-oz-silver-bars-by-opm-ohio-precious-metals-999-fine-silver-bullion-ingot-sbar_10_oz_opm/10-oz-silver-bars-all-brands)
The other Gold (http://www.bgasc.com/product/1-oz-gold-bars-sealed-new-with-assay-card-by-opm-ohio-precious-metals-9999-fine-24kt-gold-bullion-gbar_1_oz_opm)
The robber Barrons just got smart.
super tits - got to have it lol
Too funny an ad for passed out hot celebrities by Boeings ad for their new rocket launch platform.
You can' make this sh*t up..
You better go cut the head off a kitty cat or something you sound frustrated..
piss haus of Morgan
In the words of Richard Crenna in Rambo...
"ya done a lot a damage Johnny...."
I find it odd that the goldbugs cling on to a JP Morgan quote of all things. Money is a medium of exchange what the transacting parties agree upon.
You offer a gold coin to anybody on the street and no one wants it. See as those Mark Dice Gold Coins videos on youtube. That to me, and even my own personal experience, gold isn't a very good medium of exchange. The only people interested in giving me full market value for it (as measured in FRNs that 99% of the populace uses) is a coin shop, and there's only a couple of them in my metro area.
You offer anybody on the street a $100 bill and they'll give you a day of their time and provide labor.
Try it for yourself. You'll be shocked. The outside world is a lot different than the confines of a room in the academia world. Models and definitions are a bit different out there, then what it says in your research papers.
As for "peasants" being "too stupid" to accept gold. That just shows the Mises crowd's elitist attitude. Most Mises followers and goldbugs tend to be elitest, and are envious of the Rothchild's successes. Not all goldbugs, but most. You know what I am talking about if you read enough of these debates.
I am not anti-gold per se. If someone offered me gold for payment, I would accept because I know it's perceived worth based on the spot chart manipulation figures; but to turn that gold around, I already know its a tough sell to my fellow man, because most aren't interested.
As for "shitcoin" (as the goldbugs call it), if enough people accept bitcoin as money... it's money.
Dice's point in that video was that Gold was obviously not in a bubble in 2011 because 99% of people still don't even know what it is...
I understand your point but gold could be transacted to the microgram electronically and the masses could still use their debit cards without issue.
Again... all we're asking for is allowing currencies to compete so that we can introduce our own gold and silver backed currency.
Why can't I vote on "The9thDoctor"?
Sure - because the common folk have been weaned on credit / plastic and debit cards.. Who is even carrying cash anymore?
Gold is not efficient for buying hamburgers at McDonalds.
However it is it's own storehouse of wealth *outside* of society and it's normal transactions.
Everything in the US economy pretty much is trapped under a deflating worthless currency - the United States dollar. Gold is not! It is an escape vehicle. It has no value to common poor folks (like all of us.) It has incredible value to the elite and wealthy. Central banks are buying it like crazy around the world. Everything is going to fall heavily in value, but Gold will rise once the physical decouples from the certificate fiat market.
When you see the futures price on gold on all the CNBC channels it is TRAINING people that it is worthless - and their certificates that are not actually transferable to Gold are worthless..
Gold is a once in a lifetime opportunity sitting here right now - buy it, watch it go to $2500 / ounce in 2015 and watch everything else collapse in prices in comparison.
Music to my ears!
I'm not as bold in my predictions but I sure appreciate when someone else dares to speak like that!
Didn't that prediction come and go back in 2010, 2011, 2012, oh it'll bounce back in 2013, 2014, now your prediction is 2015?
Where did you get that prediction from? KingWorldNews? Those chicken little predictions get really old, really fast.
I find it funny that the metalbugs are the same guys that "never buy a new car" (because they can't afford one), and they live in a trailer out in the woods with expired cans of beans and a $120 mosin nagant they picked up at a gun show. That's their "wealth"!
Then yesterday I saw that ZH Article with those Chinese students with their new whips, and they are having FUN customizing their rides, that the metalbugs can not afford. The envy in the comments section was so epic.
I'm sure those Chinese (enemies you guys call them) stack gold next to their SKS and expired Spaghettios in their trailer. No, they are out doing cool stuff, having a blast, getting girls, and the stacker prepper is having an anxiety attack because doom didn't show up on cue.
I just shake my head and laugh. Keep stacking metal that hardly anybody wants. If you don't believe me, go SELL one ounce at this "cheap price" without using a coin shop and see how easy it is.
Oh yeah, that's right, your fellow man is "too dumb" to realize the value of metals. Silly me. Even if your SHTF fantasy comes true, do you think people will cash out $2,500 to buy a gold coin, or do you think they might be loading up on supplies to weather the storm instead?
These are all things to consider.
A whole 11 weeks & 8 hrs Trolling on Zero. You should congratulate yourself in a very exclusive league along with MDB.
Why can't I vote on "The9thDoctor"?
At one time, everyone "thought" that the Sun revolved around the Earth. I recognize the Truth in Au/Ag/Pt/Pd
What difference does it make if the price was never realized in those years, if its been shown that the metals are being manipulated? Most people who understand the markets and the historical role of gold as money (meaning it meets all 6 characteristics, medium of exchange, store of value, unit of count,fungible, durable, portable) know that an eventual decoupling will occur after the suppression ends. I don't count my holdings as an investment but rather as insurance that will retain its purchasing power (store of wealth) when the fiat system dies. Using the $ exchange rate isn't a meaure of wealth accumulation or gain in dollars but simply a conversion exchange rate. Obviously if you fixate on the dollar conversion or what price it will be at a future date then you miss the whole concept of what gold is
You are not much better than JPM to wish everything will crash.
would you buy Sprot products?
I don't mean to be harsh, but look up the word "myopic".
There are 320m people in the U.S., and a combined 2.6 billion in India and China. Now, how do you imagine that the average person in those countries would react to an offer of a gold coin?
I don't find you harsh at all. You actually bring up a good point. I know there are some very well traveled people on here who conduct business in India and China. Hey if tolas have a lot of value over there and its the medium of exchange, then obviously go for it.
The world I deal with on a day to day business here in the States couldn't give two hoots about gold coins, and they assume they are fake and some sort of a scam. Is it myopic, probably, but at the same time I'm not going to goof around with gold when the commerce I personally deal with daily mainly deals in cash and credit cards.
What choo gonna do when everyone is Burning FRNs to keep warm?
+1 for the alternative viewpoint
I'm a die hard goldbug
Gold raised eyebrows and got people excited much longer than you or I have been around.
This age we live in is defined by massive propaganda efforts to control people into being complacent and uneducated. People are misinformed consuming zombies who will shop when they're told and live how they're told. That's how we got suburbs and big box stores or malls.
It is not sustainable however, because eventually the zombies will need to actually fight for their food again. For as long as paper money is feeding and housing them, they will behave like sheep. The paper gets diluted each and every day more and more despite the lack of growth to offset that dilution.
Sheep get shorn or butchered. It has never been any different. Of course, I could be wrong and we are truly entering a new phase of humanity where sheep are allowed to be sheep and graze for eternity...
Black's Legal definition of money=a store of value.
I think you mean currency is the medium of exchange.
A subtle but important difference.
Everyone thought my grandfather a nutcase in the 1920's because he refused to participate
in the markets and invested and saved in gold.
Boy, did he have the last laugh in the 1930's.
You apparently aren't very in tune with Mises and Rothbard followers. I like Rothbard better, but that's besides the point here. Neither of them advocated a gold standard, they advocated a free market in money. You could use goat shit if people took it, but over thousands of yeasrs of history we could reasonably expect it to be gold and silver. Those of us who appreciate and respect their contribution to economics are not automatically goldbugs and they sure as hell aren't envious of wealth and success. They (we) are the most pro-capitalist people around. The class warfare nonsense finds its way here in all the people blaming everything on "banksters" and "Wall Street" when most have not worked on WS and couldn't even tell the difference between the various front office roles. These suckers have been duped into this crap by envy and even more so a complete misdirection by government.
I agree with you.
The 9 doctor , cannot up you as the arrows are not going up.
And what does that tell us about ZH?
you could say the same about 1000 EUR, 1000 GBP, or 1000 USD and most "peasants" would want the 1000 USD because they can spend it readily and easily and have no clue that EUR and GBP have more value than USD.
Yeah, most people in the US are STUPID.
That is the only thing those videos prove.The rest of the world likes gold just fine, especially Asia.
5% in the US - soon to be irrelevant in world affairs. Cannot come soon enough.
Under Shariah law, use of gold and silver as money is Halal.
Charging interest is Haram.
Nuking Isis? priceless
I do not have all f’n day to repudiate this old, dead vile POS thief, but I will jump on this one for fun…..
11. My firm is not run by me; I am not the final authority.
..so.. it is not the employee’s fault.. and it is not the manager’s fault.. and it is not executive’s fault .. and it is not the board’s fault… so it is obviously it is the shareholder’s fault… and nowadays.. JPM’s fault is on the taxpayer HA.. HA.. HA..
so how do you spell TBTF or TBTJ ?????????????
It's the shareholder's fault kind of in the same way as ...
it is the voter's fault for electing criminals to positions of power.
He did indeed say "money is gold", yet all the comments, not to mention the title of this article, turn that around to say "gold is money". There is a difference.
I don't think there is a difference - tis the grammer of it - but would be interested in why you think there is a difference.
Nice catch ;)
He said it like that intentionally. Think about it for a bit and it all makes sense. At least to me it does.
Einhorn is a man!!!
I thought the J P Morgan quote was
"Only gold is money,everything else is credit"
That's a very common misquote.
Money is gold, nothing else.
Money is not gold ... and gold is not money. Both are items of simple barter. Gold is created by mining. Money is created by traders making trading promises.
Not only then, but now, the world is full of really stupid rich people. I read his biography. It's very hard to see where his money and power came from in the biography. It was however pretty evident that he was just a front man for someone else with the real power and wealth. He never had that much money but was always able to come up with money to do his deals.
Gold is central bank money. They don't want us to have it.
Which is why in a perfect world people would give up all their gold and only use silver. The Central Banks would lose all of their power if the people pushed the price of Silver higher than that of the Price of Gold.
Obviously I won't be trading my gold to make my stack all silver and neither will anyone else but if we got together and did just that, rejected gold, and pushed everyone towards silver and forced the price higher and higher we could in essence tip the scales in the people's favor.
as ive been saying every since i came here...
its Silver that is the key and that is why the fraud in this paper market is the most aggressive...
I read a comment about silver from BrotherJohnF last night that he left on Chris Duane's Youtube channel.
I'll have to paraphrase, but it was something like: the powers that be are running silver price so low because they want to destroy it. Silver was always known as the common man's money. So the elite's plan has been to first ruin silver's reputation by crushing price and to get it out of circulation. Then when most of it is destroyed and very rare they will bring it into parity with the price of gold 1:1. Once the common man can no longer afford silver then the elites win and we're done. Check mate.
It was an ominous post put in a way that I hadn't really contemplated before. But if you think about it, it could very well be their plan. If silver ever did come into parity with gold then 95% of the population would never be able to own it and it would never be used as money again. The world would be completely trapped in the fiat system forever.
I can't log into youtube right now to get the exact c&p of what BrotherJohnF said, but it was basically that. I'll look for it later, but it's a creepy thought if he's right about their plan.
He got that from me. I wrote about it years ago. /sarc off, kind of.
That dates back to the Crime of '73
Don't know about you but if gold and silver go 1:1 I am going to be very wealthy...sayin.
Me too. I won't have to eat Kraft Dinner - but I will. I'll probably eat more!
That's cruel.
Also there's at least a fair chance that there are some very powerful entities who have been accumulating their Silver stack for the whole 141++ years of silver de-monetization and price propaganda knowing precisely the end game they had created.
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.
Yeah, they need it to reflect all the heat that is on them.
I would rather you guys keep the Dutch Gold Story Stickied but hey I guess if a 102 year old transcript seems like a better call to sticky for the end of this crazy Friday then so be it lol...
A hot female date is a "beard" to a gay guy as
JP Morgan was a "X" to a "Y"....
...as JP Morgan was a factotum for a Rothschild.
May be so but i think the Rothschilds interests went east years ago.
Drink any Mondavi wine lately?
I went to skool where the performance auditorium and school of viticulture bear his name. I drank two buck Chuck.
Unfortunately not. I am of the old world. French for me. Classical.
silver is money too ;-)
Always forgotten... most importantly by Central Banks... and that's why we hold a real advantage with Silver instead of Gold.
Silver is the people's money and always has been.
"The major monetary metal in history is silver, not gold" - Milton Friedman
Silver has been used as money more times in more places than gold ever has and the CBs who run the world with their gold have forgotten this and that's why it's the real achilles heal to the system.
http://www.youtube.com/watch?v=QHc4Vp4I9_I
by the way the name of your avatar adorns my Taylor Made personalized golf balls...
talk the talk...
and i walk the walk...
also, silver is anti-bacterial so the coins would not carry germs. but, you could use anything for money. the key is to break the money monopolies; let anyone float any currency; let everyone trade in any currency.
Very true. Sticks with notches in them were used as money in a tribe somewhere ... sorry, can't remember if it was Africa or South America.
Gold/silver is Money .... And FED BANK is a FRAUD !
its just that simple
Gold is a relic. Said every bankster as he lied and pilfered.
What is this? Am I supposed to feel better about JP Morgan now or what? THE POINT?
20. I did it because I thought it was the thing to do.
Notice the lack of "right" thing to do...
So, uhm, gold is money... AND
And silver.
its been really entertaining all week watching the MoneyChanger scum constantly bombing the phony paper prices of Gold and Silver to keep them below $1200 and $16.50 respectively...
not even caring about how blatantly obvious their moves have been....
truly desperate and it will fail nonetheless...
DEATH TO THE MONEYCHANGERS.
They got 55 more minutes to push us under $1200 and we've got 55 more min to get silver over $16.50...
Obviously the fat fingers will make their daily WTF appearance in the last hour of the day but I think anyone who is a stacker has a big ole smile on their face right now and if they don't how could you not?
1) Record OI in Gold and Silver - Check
2) Record Negative GOFO ACROSS THE BOARD! - Check
3) Dutch announcing they took back their Gold - Check
4) BRICS/Putin still buying like Crazy - Check
5) SGI vote is 9 days away (what terrible timing on the Dutch Govt's part - I mean cmon! Way to make the Propagandists job that much harder!) - Check!
Obviously I could go on and on but the bottom line is things are getting really, really, interesting...
If you haven't started stacking I dunno WTF you're waiting for now...
rest your case...
the evidence is overwhelming..
havent stopped stackin since 07'...
and powder in the keg awaiting next week in anticipation of some more of their bullshit before the Swiss vote to free themselves...
we're on the same team brother...
Indeed Kaiser... been in gold since 2008 :) and Silver since 2012 :O
Obviously I got into silver too late but once I figured out what I've been talking about here I was hooked on it and still am.
Those of us who never lost faith will be greatly rewarded at the end of this.
i do blelieve wholeheartedly....
Anyone seen that Sci-Fi flick, "Looper?" All those guys stacked silver, not gold. And they all moved to the Far East to live large. I found that movie very interesting and telling.
I did see that movie. If I remember correctly, the final payout on retirement was 1 gold bar. That 'looper' had stacked hundreds of silver bars......wierd huh?
cool movie, kinda weird. I liked it. apparantly some people, not so much.
Let's hope so. The silver market was flat for thirty years from the Hunt Brothers to the roller coaster ride of 2010.
Another 30 years of can kicking and manipulation will put us in the 2040s decade. Most of us will be too old to give a shit at that point, lol.
Hate to say it but I am biased because i'm 25... in that worst case scenario i'll be just getting into my 50s...
Brother, if we make it that far, we'll be alright. With SS running out by 2023 (projected, but likely sooner), and the GRC endgame approaching, there is no saying what five years from now will look like. For all we know, it may very well be a shittier version of today with DOW at 40K.
Another one of his truisms:
My firm is not run by me; I am not the final authority.
Of course not. He was just a US agent of the Red Shield.
Gold is the ultimate form of money, globally recognised and traded for hundreds of years.
Fiat currency is merely a derivative of gold.
I'd argue that in a oil dependent economy, oil is a reserve currency of sorts and most definitely "tier 1" capital.
Black gold is most definitely up there and has it's place, but is not something the average common man can hold and trade with ease.
Anything can be used as money, a means of exchange.,
That's why it's such an ignorant arguement when someone says " gold ain't money"......
The tally stick was money for hundreds of years in England. There are eurasian countries that currently use fruit pits as currency.
I don't see why this would even up for debate, if we didn't have a manipulated, monopolized currency and financial system globally.
Mr Morgans successors are worse.
"Give me control over a bankers life, and i do not care who makes it's laws"
100+ years of lies, fraud, murder, & death in an elaborate scheme to get gold into the hands of a small tribe of jews, and leave everyone else with worthless confetti.
JP Morgan was a useful puppet in this charade.
The only thing I think that is funny/ironic about this is that, inevitable, the AIPAC action committee will soon be around to junk this comment. What's funny about that is. THE JOKE IS ON YOU IDIOTS because you're ther main ones still around chasing plactic shopping bags getting blown around by dust devils.
Most of the rest of us have moved on & are just playing the waiting game until the ponzi finally ends.
The great thing about having NOTHING is that you have NOTHING TO LOSE
"The great thing about having NOTHING is that you have NOTHING TO LOSE"
You should give credit to, at least, Janis Joplin, otherwise is plagiarism.
"Me and Bobby McGee" is a song written by Kris Kristofferson and Fred Foster, originally performed by Roger Miller. Others performed the song later, including Janis Joplin.
http://youtu.be/dESTwGPs-Uo
"JP Morgan was a Rothschild tool and nothing else" Me
1. GOLD = PRECIOUS REAL ASSET with certain universal and 'timeless' properties.
2. PRECIOUS ENERGY (Hydrocarbon fuels) = PRECIOUS REAL ASSETS.
It is even more "Precious" than Gold. The modern world can endure w/o Gold, but not w/o Oil and Gas. Not w/o going back to the 1800s, that is. Facts are facts, and reality is reality. Deal with it!
3. He who uses BOTH as anchors (or Inertial Reference Frame) for their Currency, has the most stable currency and economy, as NO one can manipulate both for any length of time and endure.
Only the sharpest mfrs can grasp this. No matter how it gets spelled out.
It is time. Time to journey forth to another Frontier…
Some well-dressed “Folks” informed me recently that my odds to “Live long and Prosper” would improve dramatically, if I were to redirect my talent and time to things other than ZH blogging. Their argument of Principles was compelling, their examples in Causality were… persuasive.
After due reflection, I have decided to retire from ZH and to boldly go where I have not gone in years: “To explore new opportunities. Out there”
I may check the ZH subspace frequency from time to time, to see if the World has ended yet, or when I simply need to attenuate my rekindled Irrational Exuberance or Bullish Optimism. ;-)
Farewell, Tylers, Zhers and ‘bitchez’. Kirk out.
Kirk to Free Enterprise: “One to beam up.”
p.s. I will keep me Hushmail address for a week or two (Kirk2NCC1701 at hushmail dot me), for those few who might want to stay in touch.
I tried that...
Kirk, what the fuck. Don't bow out. Stick around. Come on, it's the fucking end of the world, let's figure it out man.
What no wireless in your room at the Graybar hotel??
Are you saying you did this full time? Or even part time?
Yeah, agree completely. Do something else, you'll lose your mind.
I think if anyone really is getting visited by well-dressed "folks" and told to STFU, it's probably in their best interest to identify them publically as trying to influence your right to exercise free speech, and then hit up your lawyer and/or ALCU.
Cockroaches really don't like sunlight, after all. They're not very fond of paperwork on their side, either.
Don't plan on flying commercially ever again, though.
+1 Kirk. Hats off to you.
Hey Kirk, I enjoyed reading your posts. Thank you for your time.
I like it when people move on to bigger and better things.
Yo, he's a space Cowboy after all! Do us a favor Kirk, and launch some photon torpedoes at Washington D.C.!
phaq
kirk, you'll be missed. stay safe. your comments were always inciteful.
edit: i was thinking of bankguyinbrussels...and hope you indeed stay safe.
Wtf kirk ?
well dressed folks ??
i call BS.
and i can tell you why..
if they can pull off 9//11 , which they did.
They do not GIVE a FUCK about you me or any of your comments.
I think the well dressed people =wifey.
Wait Kirk, I still have 5 quatloos on you vs the Lizard Alien.
If you target, in your suspicious minds, the doings of Woodrow Wilson, you quickly come upon the dark presence of one Edward Mandell House. House's evil spirit appears everywhere ...The Fed, The IRS, WWI, WWII, The League of Nations, The Treaty of Versailles, The Council on Foreign Relations, The UN, FDR... A quote from him:
"Without realizing it, every American will insure us for any loss we may incur and in this manner; every American will unknowingly be our servant, however begrudgingly. The people will become helpless and without any hope for their redemption and, we will employ the high office of the President of our dummy corporation to foment this plot against America.” http://www.dailypaul.com/134770/can-someone-please-explain-the-meaning-o...
The comment about young men I find a bit cheeky, it does beg the question in what ways did he assist them? Helping them jag off?
17. I always assist young men.
Clearly this man hated women and was a racist.
J.P. Morgan, bailing out the US government. Awesome.
Morgan was a fucking Rothschild stooge.
House of Commons yesterday addressed the creation of money. Hard to believe they brought it up.
https://www.youtube.com/watch?v=bXOkmD8Eozs
Interesting that someone is finally noting that the current system is being "tested to destruction".
The full unedited debate: 2 hours.
https://www.youtube.com/watch?v=EBSlSUIT-KM
The transcript.
http://www.publications.parliament.uk/pa/cm201415/cmhansrd/cm141120/debtext/141120-0001.htm#14112048000001
What exactly does he mean by "assisting young men"?
Prolly the same way my Uncle Strange claimed he was "just helping the sheep get over the fence."
Gold is money; apparently silver is not.
Have another Sixpack...
He was a first class "evil" son of a bitch, but if you put him in the same room with the Waltons, Koch Brothers and Bill Gates they all would have been bleeding out the ass with their right ears missing!!!
Bastard "yes", but with rules in order to keep that empire intact with the intention that it would last long after they were dead.
That's the difference between now and back then!
One year later:
http://failedevolution.blogspot.gr/2013/12/december-23-2013-banksters-ce...
Food is money, medicin is money, energy is money - gold is a decoration around an arab or indian neck. Pure show of bling bling bullshit. Gold will buy you nothing in the end.
Food is money, medicin is money, energy is money - gold is a decoration around an arab or indian neck. Pure show of bling bling bullshit. Gold will buy you nothing in the end.
Guess you haven't been to Miami Beach or Dado Haifa? They wear so much "yellow" you go blind from the reflection!!!!
Too funny A!
I thought we were past /sarc around here...Maybe not?
If gold officially becomes money (i.e. legal tender), very few people will have money. And that presents a problem unless you are holed up in your fortress.
Or if tptb decides you dont get to have any.
We're not asking for Gold to be Money we're simply asking for the legal tender laws to be abolished so we can mint our own coins and create our own currency like Nothaus tried to do with the Liberty Dollar before the FEDS raided his shit and shut him down.
If they would just let us start small people would eventually use our currency as it would prove to be more stable and if "they" are so convinced we're dead wrong in that respect than just let us make our own currency and use it as we wish... if it would never work then why not let us try?
Because it would work that's why...
Off topic, but why is Chrome always denying my acceess to this site? I'm getting tired of it to be honest!
SH
Go Firefox or Opera. Get rid of that shit!
Notice the date ... 1912. The Fed was formed in 1913. JP Morgan never made that statement again.
Pretty sure that's because he died 3-4 months after making it...
silver at 1:1 parity w/ gold?
I think there is a lot of folks who would be estatic if silver climbed to 16:1, back to the geological ratio of how the elements existed in the earth.
I over stacked in 2010 and 2011 and got clobbered good.
Imagine my losses. Before stacking up The money was in 401ks in Fidelity mutual funds, well distributed across the board.
Bought in at a dollar cost average around $32 per ounce. paid the 401k penaties on all of it to stack. so that equates ot 25% extra or $38.40 per oz.
Suffice to say the losses from average purchace price to today would have paid off the mortgage (and the cars and.....), let alone the growth we would have if i just let it ride in 401ks and "let QE do its magic" ...
Well its staggering to think of it.
I will have to work 9 more years to make up for this loss.
its gone, literally gone. had to sell it to make a 35% mortgage downpayment for private money lending, since we are self employed and no bank will touch us despite a 700+ credit score.
Then of course there was that boating accident, with the guns no less, but i digress....
Moral of the story;
You can't bet against the house and expect to win. In this case central banks are the house.
think back 2011, Greece Spain, Portugal and italy were in riots, we thought contagion would spread and the sky would fall.
Idiots, we were. The party was just getting started.
Dont stack SHEEEET if you still owe "Da man" interest on other debts.
pay it all off first.
9 years to go, then our largest budget items will be insurance and taxes. (plus i forsee energy costs running up close to these by then)
if we get collapse before then, well too bad about that boating accident it would sure be nice to be stocked in AU/AG and Pb.....
(wink!)
I Miss America.
wow, didn't expect that to be down voted......BTFOM?
Thanks for sharing your story.
+1 for admitting what happened.
The biggest bull market in history, and the stacker preppers went for falling physical.
The reason why I didn't get clobbered is because I prepared for Shit NOT hitting the fan, in addition to SHTF.
A lot of preppers fail because they have NO plan, in case the end of the world doesN'T come. I assume it will always be business as usual and hedge accordingly.
I had friends and acquaintances who wanted me to cash out my retirement and buy metals at all time highs. I just laughed. They thought I was a "dumb sheeple". Well, here we are with deflation, a strong USD, and stawks soaring, those guys are counting their losses, and I keep chugging along. Playing a rigged game to "hit it big" wasn't a good idea for them. Now they know. lol
You don't buy metals to get rich. It's part of diversification. Even the lowest umbrella/financial salesman will tell you to diversify into PM's (though more likely ETF's).
Have you ever heard of the old saying "If you own gold you live in fear, if you don't you live in danger." And many who adhere to this also save other hard assets as well.
You would say that sums up well the psychology of "preppers" but what i don't think you understand is that there are preppers (like myself) who are nothing like the TV show on Discovery channel expecting the apocalypse but something more like Argentina or any of the other numerous failed states in the last century.
You know darn well something is very wrong and our debt crisis won't be solved. Nobody knows how ugly it gets so we look to the past in which we know people were slaughtered and others weren't. Those who had there eggs in several baskets (among one of those baskets being the golden and silver) were more likely to survive and pass on wealth to the next generation - that's what it's all about isn't it?
So who cares if you buy some metals here and there, some coins at 1700, and others at 1200. Only a numb nut would lose sleep over that. The object is to preserve some form of wealth over the long haul as your green backs certainly won't.
Oh, FWIW, as a Farewell thanks to fellow ZHers, allow me to post the list I made some time ago, as to my fave bloggers...
My fave ZH Bloggers – with almost always great comments (in alphabetical order):
1. Bank Guy from Brussels (RIP)
2. Cognitive Dissonance
3. cougar_w
4. Dubai Banker
5. Fonzanoon
6. HH
7. Jack Burton
8. John39
9. JR
10. Latina Lover
11. LoP
12. Lore
13. McMolotov
14. Miffed
15. MsCreant
16. Spastica Rex
17. The Limerick King
18. williambanzai7
My fave ZH Bloggers – with mostly good/great comments:
1. alexcojones
2. 813kml
3. August
4. buzzsaw99
5. Divided States
6. Dr. Engali
7. EKM1
8. Grande Tetons
9. HardAssets
10. intric8
11. JustObserving
12. kchrisc
13. Manthong
14. Pods
15. Tabarnaque
16. Tenshin Headache
17. TheFourthStooge-ing
18. Truthseeker2
19. Uncle Remus
20. Winston Churchill
Occasionally quite good or funny (ironic, witty)
- Francis Sawyer (RIP)
- sir francis sawyer (RIP)
- Kito
- Jumbotron
- MillionDollarBonus
- Economics 9698
- walküre
-
Others I read:
- Canadian Dirtlump
- Duffy
- Knukles
- Leonardo Fibonacci2
- LTER (Let Them Eat Rand)
- maskone909
- ob1knob
- Safely graze
- Seer
- Silver Rhino
- Truthseeker2
Head-scratchers (WTF!?):
- Tony Wilson
Kirk over and out.
What, no RafterMan? Well fuck you too! ;)
Sorry to see you go, Kirk.
I've had 2 extremely odd approaches by strangers, one claiming to be retired from the NSA, both in bars where the booze was flowing, and both asking questions of me that you'd NEVER encounter in the course of a normal day.
Rafterman,
i had a similar "chance" encounter on a southwest flight a few years back. Two guys sat near me and one was a SW pilot in uniform.
I'd rather not share more details as I dont really know anything,
But your story rings true with me.
Guess you weren't around for Slewie the PieRat, Cheesy Bastard, Gordon Gecko, etc.
Since I didn't make yer list(s), you can bite my splintery, wooden ass!
Sometimes i'm not sure which is worse..........stupid fucking rocks that come out of the ground that you can't do a goddamn thing with except look at or hang around your fucking neck OR chopping down trees and turning them into sheets of paper and printing numbers on it or for that matter 010101010101.
Just depends on the perception of the day I guess. Personally i'd rather have a cow and fith of jack and i'd be more than willing to trade talented labor for it. Money's been around forever, has always been a source of great wealth as much as great destruction, and sometimes I think it's a stupid concept all together.
A cow? I question your taste in companions.