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Mike Maloney On The Coming Wealth Transfer (& Where To Hide)
Submitted by Adam Taggart via Peak Prosperity,
History may not repeat but it sure does rhyme. Mike Maloney has studied monetary and financial breakdowns throughout history and concludes that there's nothing new or different happening this time, except its global and far more massive than any other time in history.
Worse, there are echoes of 1911 where a series of diplomatic blunders and national pride and intransigence combined to create the still largely inexplicable start to WW I.
Chris Martenson: Well it’s global this time, right? This is -- there’s nowhere to hide. (...) What has happened when we’ve tried to print our way to prosperity before? What has happen? Why has it happened and what have been the consequences always been?
Mike Maloney: Whenever you try to print your way to prosperity it transfers well from the masses to the few. The few being the people running the game and then also the hucksters that are very nimble, the con artists and so on. You see these people get rich during the Weimar Hyperinflation. There were quite a few of these fancy salespeople that got rich; they didn’t stay rich once things stabilized again.
But it creates such a topsy turvy world that the normal person that does not know how to operate under these weird economic conditions cannot possibly keep up with things and wealth is transferred away from those people to the people that are very good at observing what’s going on that second and adjusting to it. But the one thing that I see as a constant throughout history is that gold and silver eventually do an accounting of all this -- the financial -- you know financial finessing that the governments are doing.
And when it does that it -- there is a transfer of wealth to the people that own gold and silver. And so -- it’s very rare moments in history. This does not happen often. But it’s a great opportunity and I’ve just -- you know if you look at gold right now the public’s opinion of gold is quite low because it’s been going down for three years.
But if you look at it in a longer timeframe and I started investing in gold in 2002 and by early 2003 I started investing in silver and if you look at it from the year 2000 it’s still the best performing of the assets. It’s still out performed the Dow and S&P and real estate.
And I will continue, myself, to accumulate on the way down I see this as an opportunity. And if it goes lower than it is right now, you know nobody has a perfect crystal ball. So it may have already put in its lows. But I just accumulate every single month and I will continue doing that because I see that as the only sure thing in this crazy world of currency creation.
Click the play button below to listen to Chris' interview with Mike Maloney (43m:35s)
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WWI started because some guy from somewhere in the Baltics shot some other ruler of some dingle-berry nation and everybody got pissed off at everybody else because they showed an anti religious voodoo mahi mahi big kahuna burger video on YouTube .... but at this point what does it matter anymore, anyhow?
It's whitey's fault and we all know it.
If you like your gold, we'll confisc er store it for you in a safe, interest bearing MYRA....
WW1 started as the Rothchild's and their newspaper buddies pushed the US into war against the German's to pull the US out of it's Libertarian world view and to get Israhell created as a Rothchild client State with the Treaty of Balfour, securing the the German defeat, topped off with unpayable war debts...to the Rothchild's...ha, what a racket. (total run on sentence)
Come visit Israehell for Christmas!
War was "necessary" to break-open compartmentalized and defended European enclaves to international capital.
It worked.
Or.......
At the time, London had the oil monopoly and wished to retain control. The Germans were busy building the Berlin to Baghdad rail line which would threaten British oil hegemony. Obviously that couldn't be allowed to happen.
On the eve of war Britain was broke. JPM extended a line of credit to the British government in return for munitions profit, rebuilding profit and spoils.
When it looked like allied forces might not win, and JPM would probably go bust, US forces entered the war to swing the outcome.
US troops didn't save Britain, they saved JPM.
58,000 British troops were lost on the first day of the Battle of the Somme.
Interesting narrative. I see you have a lot of up votes, so it must fit a lot of folks narratives as well. You might want to read the actual telegrams between the two men most capable of preventing WWI. Czar Nicholas of Russia and Kaiser Wilhelm of Austria were first cousins. They knew each other, and got along well with each other.
You can read the actual telegrams they sent to each other here:
http://www.history.com/this-day-in-history/kaiser-wilhelm-of-germany-and-czar-nicholas-of-russia-exchange-telegrams
Yeah, it's all the fault of the Jooos, who make up less than 1 percent of the population. But they control everything. The other 99+% of he population is irrelevant and responsible for nothing, as they are all Jewish meat puppets. Even the rulers of said European nations--of which, not one was Jewish.
Or, more to the point: Go fuck yourself.
As you say they make up less than 1% of the population (in the USA, even less some of their other bribed or blackmailed sycophant states) which is why people have a problem with the fact they control the lions share at least of Movies and Entertainment, the Media, Central Banking, Pornography, Wall Street, Insurance and the list goes on for quite a while. You would of course try to deny it and argue each case away by smoke and mirrors but too many times other important Jews have admitted these things when it was their turn to boast. Jewish over representation in government offices is matched by almost complete Jewish control over the Senate AND Congress, a matter of public discussion at many levels so don't deny it. The Jewish control of Media is admitted by none other than Alan Dershowitz but that is when he was praising Jewish "hard work and talent" in achieving exactly that control. Jewish control of even Australian politics was admitted by former PM Mal Fraser in his recent book. So you go fuck yourself you lousy hasbarat.
Weapon of mass destruction used in Chicago hotel! Guest flee! People turn into animals!
http://www.npr.org/blogs/thetwo-way/2014/12/07/369186497/chlorine-gas-le...
Hilarity ensues.
(without reading npr) What, the pool guy forgot to close the valve before changing tanks?
Balkans, not the Baltics, take a trip outside of the US once in a while. :)
Most Americans hardly know whats going on in their own state,let alone that
theres are other country's in the world with their own history.
Then theres the rednecks, but that another story.
Parochial R Us and Ignorant Bliss is the rule,not the exception(al),sad to say.
Just like the plantation owners want them.
The nice part of living in a sea of ignorance, though, is it's relatively easy to stand out and excel. Most people being fairly stupid fucks makes surving a lot easier, especially if your needs are simple, like mine.
Oh man you're beating up on the poor guy because he mixed up his European Backwaters? That's like confusing the names of West African nations... "What an idiot that was clearly Zambia and you confused it with Nambia! Haha, Philistine!"
And the Balkan Peninsula and Baltic Sea aren't exactly on opposite sides of the planet from each other. Honest mistake for two areas relatively close to each other and of little importance (Historically yes, currently no).
Speaking of rednecks... and the whole West, Southern, East, Northern compass thingy... that was intentional, right?
http://www.freeworldmaps.net/africa/political.html
Haha! I knew one of you anal retentive types was going to go straight to google maps! That wasn't intentional unfortunately, I just forgot I had put West African in there when I did the edit. Niger and Mali just didn't have the right ring to them, so I changed it to Zambia / Nambia to better illustrate my point, and now I can't fix it ya jerk!
"Speaking of rednecks..."
The conversation was on geography, never touched the topic of rednecks...
Except there's no such country as "Nambia".
He was close.. "Namibia" IS a country in Africa.
We are all living in Nambypambia.
Ahh yes "Nambypambia" that's the one ruled by the gay Lion dictator of "pride" rock ya?
LOL the thread was funny 2me ... mis-spelling included. Thanks for the laugh. Needed it.
@Zero Hero
Ahh damn you're right, I was looking at last weeks map.
Apparently it is now called "The People's Democratic Republic of Ebola"... The political landscape of that continent changes by the minute. Silly Africa.
Ignorance should be beat up, not enabled.
That's racist!
Sincerely,
Eric Holder
WW1 happened because everyone involved wanted to get their their hands nice & dirty.
The short answer is WWI started because TPTB (at the time) wanted it to start more than they wanted to avoid it. They had a growing number of young males plus a lower and middle class that were earning more than they were needing to spend, ie saving and growing capital.
(For the kynesians that stray onto this page by accident capital is not printed currency but savings, excess wealth produced but not yet consumed)
Capital in the hands of the unwashed masses, when combined with education and ideas was very dangerous and needed to be avoided. The peasents could have been empowered and that was very dangerous to the status quo.
Plus thay had plans for redrawing Europe and her empires,... For the greater good.
germany and persia were about to complete a rail connection. the final link? sarajevo.
"Capital in the hands of the unwashed masses, when combined with education and ideas was very dangerous"
indeed and thats why the american education system has been in a war against critical thinking since the cultural revolution of the 60's/70's
Mike Baloney has got lots of silver and gold coins to sell to all the muppets out there, so I guess silver and gold are the places to hide this one out... Sell side propaganda, pump & dump!
and you even bother spending time on this website because..... why exactly?
Never was a war started because somebody died, never will be- they've always been and always will be about money.
A person dies, a fight breaks out- someone needs money, war breaks out.
Archduke Ferdinands route was changed at the last minute and was sent into a highly dangerous area (not protectable from crossfire) just like with JFK in Dallas. Just a coincidence i am sure.
The actual plot to assassinate him on that route failed. His driver parked in front of a restaurant that one of the assassins just happened to be eating at following the failed attempt. But there probably would still have been war eventually anyway had he not been killed.
Oswald didn't need any crossfire, considering he was a lone gunman.
Nor was the motorcade route changed. The only entrance to Stemmons was from Elm street.
my best friend's mother makes $82 /hr on the internet . She has been without work for five months but last month her pay check was $20842 just working on the internet for a few hours. browse around this website... www.yelptrade.com
You mean she's not getting paid on a PPV for blowing dead bears?
1st brittish troop movement was to iraq to protect oil interest from the germans who where building a rail line STAIGHT to it, for their warships, brit ships still ran on coal
You may want to get a world map, because the Balkans and the Baltics are nowhere near each other. Other than that, tensions that lead to WWI have more to do with colonialism and German colonial aspirations than anything else.
Do we need to say it?
Mike- you've been wrong for many years and we're still waiting for the POG to catch up to the money supply. +10 for fundamentals but minus several million for timing.
Maybe Jim Grant will be right with his 2017 Hyperinflation "predicition". Too bad Shadowstat Williams had to "adjust" his timing now to 2015.
I see that Sinclair's company is about to bite the dust. Shills falling one by one. Maybe when the last one falls PMs may rise but somehow I doubt it.
The money-power has the world by their balls. They can use one nation ‘immigration’ against the other by the flow of fiat money.
Their problem is there is no more growth. Russia and Iran might have some capacity ‘resources’ left.
Then, the money-power will be facing death, so they will take the peons, first. Have you being to Spain, lately?
Not for a decade. It looked very "Mexican" when I was there. I put that down to the Iberean "mañana" mentallity.
FieldingMellish - do you have link regarding Sinclairs company about to bite the dust?
http://seekingalpha.com/article/2718995-playing-mine-games-tanzanian-roy...
This guy???
ABOUT
Hedge fund trader and analyst specializing in REIT, hotel, home building, real estate, financial, and consumer discretionary stocks. Preferred stock expert. Extensive experience investing using a variety of typical hedge fund strategies including long/short equity, merger arbitrage, capital structure arbitrage and distressed debt.
CFA Charterholder.
Adjunct professor of Finance and Accounting at SUNY, Empire State College.
SNAPSHOT
Description: Hedge Fund Manager. Trading frequency: Daily
Interests: Dividend stock ideas & income, Options, REITs, Stocks - long, Stocks - short, Tech stocks
COMPANY
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BLOG
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BOOK
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Get a grip. Posting hit pieces like that is totally misleading. Emerson fails miserably in explaining why most mining companies are all having troubles (clear market manipulation).
http://www.silverdoctors.com/jb-slear-on-mope-know-the-source/
>> Sinclair's company is about to bite the dust.
Well sorry to hear that. Not surprising. I still have a lot of respect for Sinclair although I divested my holdings in his company awhile back. Took a good solid ass spanking on that one. It was my last stock holding. LIfe moves on.
I think he left it too. He only holds a handful of shares now.
No he did not leave according to the company website today.
I'm used to greenfield projects, they have their contractual moments but otherwise the news feed seems OK. Not really sure where the drama/rumour comes from, no one else seems to cover it and it seems a common contractual play-game.
I see that Sinclair's company is about to bite the dust. Shills falling one by one. Maybe when the last one falls PMs may rise but somehow I doubt it.
Yes, looking at any POG graph extending back decades, it's clear gold will eventually revert to zero.
Fiat uber alles! What can stop the irrestistable march of the Dollar's increased purchasing power?
total nuclear war and shrunken oil production, to name a couple.
People not using it.
Do you have an alternate source regarding Sinclairs co biting the dust?
Just curious, cause the data I searched doesn't seem to add up to that.
cpnscarlet
You don't get it.
There won't be hyperinflation this decade.
What you will see is less purchasing power.
Exactly correct - hyperinfaltion will NEVER come in the USA. Here's why:
In Alaska I saw a huge mouse stumble out of the forest and collapse on the side of the road. It was emaciated and its coat looked very strange, so I went over to get a close look to see if I could figure out what happened to it to make it such a mess.
The moose was COVERED in ticks. I am sure that it had other problems that I could not see externally, but the coat of ticks had literally sucked it's life liquids dry.
That is why the USA economy will NEVER go into hyperinfaltion - the USA workers & economy are being sucked dry by too many parasites - it cannot run fast enough and hot enough to achieve hyperinfaltion.
Isn't changing a 'mouse' into a 'moose' some kind of inflation? Maybe not Hyper but the moose is a lot bigger than the mouse. Just sayin.
Sorry about the typo, it was a MOOSE.
Good joke :-)
Zimbabwe had plenty of ticks too.
But they still had a hyperinflation.
Hyperinflation is not a financial event; it is a political event.
Overheating economies don't produce hyperinflation; a loss of confidence in the government/currency does.
Pool Shark
First: Astonishing misrepresentation of hyperinflation’s argument you have there.
Second: There will be many other issues before that happening such as writing off some of debt and pricing control and rationing.
“Hyperdeflation will come before hyperinflation” -- Hugh Hendry
His argument is the argument made by actual economists that do nothing but study the topic. What you are saying is that we should listen to some chump on ZH that hasn't proven a word he's said since he's joined.
Well, I have stayed at a Holiday Inn Express so feel compelled to give my prediction, which has not varied in the 3 years since I initially came to this conclusion.
Production is going to drop. Too low. And there is not going to be enough. What does make it to the shelf of the American store will be low quality, number in the few and be priced for the highest bidder, the professional community will be able to afford these items but the working and lower class will not. One would think this would result in creation of factories but it will not. Banks will not extend loans to small businesses. Global corporations will have priced items based on foreign currency so America will be left with the discards, 2nd best and many times nothing at all.
I am in California - packers send the best of the crops to China, grade A quality is packed and shipped first and then other importers (Canada). What's left is put on US shelves.
This is war. If you Americans feel like you are being persecuted, you should. This economic collapse y is designed to kill people.
one day things go pear shaped
fancy words and theories about the shape of the pear....meh
1. who do you owe
2. and who owns you?
think little loans, regular bills and taxes... you are unable to predict their future 'cost' when things go pear shaped
NidStyles
The problems with economists are that they rarely understand world realities, and thermodynamics.
Economists are mined by obscure and irrelevant data.
Chris Hedges: Economists build elaborate theoretical models yet know little of john Law, have never closely examined the tulip crisis, and do not study the railroad bubbles or the deregulation that led to the Great Depression.
“I was in Washington for 18 years and never saw any projection of any of economist ever come true in 18 years. Their theories couldn’t even see the 2008 mess.” – Senator Alan Simpson
The first whiff of deflation and the FED cartel bank will print so much you will feel the ground shake from the printers running....they care about the banks and nothing else. Deflation will play a part...for about 5 minutes.
And he is right, it is a political event. Printing protects the establishment, so it is always their mandate to print.
The average American has become the 'tic' in your anecdote
As Adam Smith warned us about capitalism (division of labor): “It will turn a person as stupid and ignorant as a person can possible be.”
He should have warned you not to trust plagiarists too, because then you would have known not to listen to Adam Smith.
The human brain remains a piece of stone-age machinery, however you look at it, and no amount of culture can make it otherwise. Genetically speaking we are a finished product, not a prototype. What you see is what you get—there will no bright utopian future.
Thermodynamics is the life’s make and breaker.
As the thermodynamics declines, so will our species. Back to its genetics roots.
http://regmorrison.edublogs.org/articles/
War doesn't necessarily transfer wealth into the hands of those who own silver and gold. It transfers it into the hands of the victorious soldiery rummaging through the closet and torturing people until they squeal or bribe their way back across the lines.
Build a horde, not a hoard, and you will go far in the new order.
Shit, why not build both?
Wealth is transfered to thems what arranged the transfer, dude.
It's as simple as that.
More propaganda & sales hype to cajole people to stash their precious savings in speculative obsolete metals - no major country uses gold & silver as currency, no major government & central bank would ever allow it. As long as the politicians remain in control of the apparatus of governments, including central banks, then gold & silver will remain just commodities, and their conversion rate to fiat currencies will be controlled and limited to protect fiat currencies.
The global fiat currency regime is one tool of politicians to achieve unlimited spending and control of the serfs. Their regimes cannot be overthrown just by converting you fiat currency to gold & silver, but only by force of arms.
Force of arms has limits. No force of arms can eliminate the black market, for instance. If it could, the drug war would have been won long ago. The fiat currencies remain so only as long as the civilizations of the world fear the gun more than starvation. When death is more certain, the gun has no force of will on populations.
Edit: Not that you're wrong about the sales hype. Mike is selling product.
Yes, people will always be able to barter in the black market, BUT:
1. This will drive UP the exchange rates between gold/silver and real-world goods & services.
2. The regime's militarized Stasi will be very eager to hunt down the gold & silver barterers, bash their heads in, shoot them, and confiscate the gold & silver, as they do now under "civil asset forfeiture", because the brutes in blue share in the loot.
You want to be hunted by a regime with unlimited resources and no morals ?
1) Still probably won't be as bad as the rate between collapsing fiat and real services.
2) If we hit the point where regimes are hunting civilians for portable assets, it really doesn't matter what you own. At that point everyone's a target.
That will only be after they've stolen everything else.At which point its moot.
That day is coming, but the easy pickings,stawks,401k's, and bank deposits will be first.
The ammount of PM's, outside the 0.1%, is miniscule in comparison.
Banks and .gov have turned gold and silver into "commodiites" because they invented those neat little ETF tickers to keep people thinking that they're investing in the real thing and to obviously use phony paper leverage to control spot price. But, the banks and Fannie and Freddie were 100% complicit in mortgage fraud, so I find it amusing how someone would trust the same criminals that call 4,000 years of money a "commodity".
Shows probers' aptitude too, among other things.
Cubicle life gettin' to ya?
We're hunted now whether through our electronic wage confiscation or the paper (titles, deeds, fiat etc.) .gov demands we put our "full faith" & trust in, so whats the diff?
Many businesses in Austin accept silver.
https://soundmoneyatx.wordpress.com/dime-card-project/
"You want to be hunted by a regime with unlimited resources and no morals ?"
That's why we have the second amendment. And for someone who has been here for 5 days you are pretty talkitive.
"And for someone who has been here for 5 days you are pretty talkitive"
Been preoccupied for a very long time, stored up all this learning and letting it out now :-)
Welcome to ZH you fucking pussy.
Now that's a right proper welcome, BoP. Well done!
You learned so much that you missed the three largest energy deals in history being partially settled in those, as you put it "speculative obsolete metals".
You're a government paid cunt, shut the fuck up.
They are protecting their fiat curencies for sure. These currencies are a function of trust as there is no intrinsic value. In the 1920's people DID use gold all over the world. They knew what it was. When trust is lost in the currencies then it is lost in the pioliticians and bankers as well. All these things are happening now. It doesn't matter that most americans are distracted, dumbed down or whatever. There is a large and growing number of people in the US and all around the world that are waking up. When the critical mass is reached, and I don't know what that is or when, then everything will change. There will be many things that will substitute for trade and gold and silver will be one of them.
Look outside the US .... in the far east - where about 80% of the world's population is - people very definitely know that gold is money.
So it does not really matter that the people in the G7 have been brainwashed into the idea that gold is just a commodity. The majority of people on the planet are still very sure it is money, and that includes the people in that largest economy on the planet - China.
you post has the answer buried in it.. if more humans start using gold and silver to buy and trade things with....
I've been doing some buying and selling among friends and pricing stuff in silver ozs they seem to enjoy it..
And if you have gold and silver some order will come down seizing it.
They're no more rules.
Laws don't apply if the cops are preoccupied with shooting dogs and those questioning their omnipotence.
The regimes know exactly who bought gold & silver bullion and how much, and even where it is stored, because teh social security number is required to buy & sell, for safe deposit boxes/storages, etc.
The regime capos can issue orders to confiscate the gold & silver anythime they want, and send their militarized eager-to-kill police force to get both the gold & silver, and the owners who do not comply.
Gold & silver won't save you from financial repression.
You're in dire need of an education.
http://www.jmbullion.com/reportable-bullion-transactions-infographic/
You obviously don't know about FinCen, should look it up. Starting with the first Drug Tzar, Bill Bennet, the Regime in WADC has built a stunningly huge data center that tracks every single electronic financial transaction in the USA. I am a computer nerd with extensive industry experience and contacts, know what I am talking about - the Regime knows exactly who bought what, unless you paid in paper cash and no reporting forms were filled out and sent in - which is a crime in and of itself.
There aren't enough shitheads to enforce all the squids laws. They can compile all the data they want. Fuck them.
The correct response should have been: Thanks for the info. ....But no you had to go and show everyone here that you're the smartest person in the world.
Indeed. The guy actually made a couple of valid points, and then goes on to reveal that he is either 1) quite ignorant re the topic he's addressing, or 2) deliberately deceptive. Both ignorance and deception would be, er, negatives.
don't spread false rumors:
"unless you paid in paper cash and no reporting forms were filled out and sent in - which is a crime in and of itself."
it is not a crime to buy gold or silver with cash, and there is no reporting requirement for purchases under $10k.
if you want to claim otherwise, you need to provide a link to this supposed law.
You are correct, the fundamental reporting requirement is for cash transactions greater than $10K.
Some important points:
1. I thought that we were talking about investment quantities, obviously much larger than just $10K, eg $100K minimum. If you have only small amounts of money to invest, then there are far better investments than speculating precious metals.
2. All transactions purchased electronically will be in FinCen's database. All they need to do is search on precious metals brokers and they get the list of all buyers.
3. If you try to make a larger total cash purchase than $10K by breaking the transaction down into multiple amounts less than $10K cash, then that is a federal felony called "structuring", for which many people have been punished with severe fines and prison time; here is an interesting article on it:
http://overlawyered.com/2012/04/structuring-who-can-get-away-with-it-and...
4. Merchants are required to file Currency Transaction Reports (CTRs) for cash transactions over $10K and Suspicious Activity Reports (SARs) for any activity that they should reasonably suspect to be an effort to evade reporting requirements. The Feds squeeze the merchants/retailers/bankers to file these reports by holding them legally responsible for failure to file them, and you will never be informed by the merchants/retailers/bankers when one is filed against you.
5. ALL safe deposit boxes are tracked by social security number. If you keep your precious metals stash in a secure vault, then you have to pay to protect your "investment". If you keep your precious metals stash outside a secure vault, then you have to worry about it being stolen.
6. You also have to worry about actually buying genuine gold or silver vs just bogus scams, eg gold-plated lead, especially if you are going to small brokers and paying cash.
In my opinion, precious metals are being hyper-hyped by the perpetual immanent end-of-the-world complete-collapse doomsday merchants and are a bad investment.
so its reportable and tracked if i go to an ATM, get a few hundred in cash out, and then go to an LCS and buy a tube of silver, or an ounce of gold?
But wait. There are a lot of people here with Boating accidents where the gold/silver is lost in a lake. I read it here....
Thanks, None of mine are reportable mostly by accident.
I do realize that a certain number of people are indeed shitheads. Government is only people. Your assumption is that greater than 50% are shitheads, sans morals of any kind and will do whatever told.
I find that number impossible to believe.
I want some of whatever you have been smoking !
Look around, how do you think the country, the world, has become so !@#$% up ????
Just need to look at only one of the Regime's operations, the IRS, to see that my description is 100% correct.
If you doubt me, then refuse to submit to the IRS and see how many of the non-shitheads with morals in the regime come to your aid.
The IRS doesnt know dick. We lost some emails. Oops we found them. I dont give a shit about the irs. They cant even run a double agent public scam without fucking it up. They only can audit 5% of businesses. They rely on pusscatores to wilingly submit to the fact that they petrified of uncle sam. Fuck big data and the fucking nerds that think this is going to somehow own the world. I relish when this shit breaks and fucking algo conputer nerds are sitting around stone faced bc the algo didnt account for this. Too smart for your own good. Dont even realize it takes soil, air, water and sunlight and most of all KNOW HOW to feed ur face. Again fuck big data.
brave words........until big data F*s you... then stupid words ???
Old saying: people get the government they deserve.
Mine's buried under the red X in the form of Arabic jewelry.
Just kidding Uncle Sam!
Mr.Koskinen, I've never been asked for my SSN when exchanging your debt paper for gold or silver and I don't own a safety deposit box as I generally distrust your crony banks.
You can see this clearly from my bi-weekly withdrawls of after-taxed wages. When you send your thugs to my home under some made up pretense, do make sure they're armed.
I'll be waiting ;-)
The fact that these individuals show up on a site like zerohedge means only one thing to me. "They" are trying to plant the idea to sell your metals NOW.
That speaks volumes to me.
Not me. Please, buy more, sell everything you own, combine with your savings and every cent you can spare from your paycheck, and buy shiny expensive lead. I will feel better knowing that you are ALL IN.
Why don't you stick to your "business" and I'll tend to mine.
i usually don't bother mentioning how long someone has been a member(annoyed the shit out of me when i first started posting), but anytime you see someone who is here less than a week showing up on an article like this one, they are obvious bullshit. and as to your post about not being asked for your SSN, I don't know where this guy is even coming up with that. Its insulting that we don't merit better trolls than this, come on people...
"social security number is required to buy & sell, for safe deposit boxes/storages, etc."
BULLSHIT Prober who just arrived five days ago.
I pay cash and no one know anything about mine. You are a troll.
He's a scare tactician. Hell prolly a plant to foment fear on the hedge. Ur barking up the wrong tree anal probe.
I'll agree with others. Probe's posts are either partially or entirely inaccurate. The unsolicited advice sounds credible tho--to the unwashed.
Maybe he is banker #37
If the government or their errand boys show up to confiscate gold or guns, the owners will know that the time has come.
It will go viral.
Yeah.
High energy objects piercing my Levis.
Hey, that one was close.
Liquidate essentially fraudulently priced financial assets to buy gold. Easy.
Why did WWI start?
Bankers.
All Wars Are Bankers' Wars
https://www.youtube.com/watch?v=5hfEBupAeo4
Mike Maloney is a shill.
For who? I'm not following your story arc here.
Never mind him Chuck. The closest he'll ever get to gold is bit of gold colored foil wrapped around a piece of stale chocolate.
You're right and it's because I purchased Mike Maloney's copper rounds.
Why? You need to say more.
He used to sell used car radio equipment, then, suddenly, he became an investment expert.
Half of Congress got their BAs at the University of Used Cars.
Well, I guess in that case you can listen to Mike's "investement" advice? What are you even trying to say.
Oh, Darrelll Issa, don't pretend you don't know me.
We took "Turning Back Speedometers with an Electric Drill 101" together in 1979.
You were on the Atkin's Diet. How did that work out?
Whatever. I'm just warning people that Maloney has no credentials whatsoever.
neither do i
See Joe, TheSilverFuturist, on YouTube. https://www.youtube.com/watch?v=xcqFsDv-wVs&list=UUBgYfi5EKCfD7ZJiIBDArSQ
i like silverfuturist, i find him entertaining and an interesting guy, and i like his chickens.
but, he seems to bash mike maloney a lot, and for seemingly no good reason.
i've yet to hear any real valid criticism of maloney.
what's his deal - is he just envious of maloney?
Mr. Communist Joe? You're aware the guy is an ardent Fabian, right? That means he doesn't care what other people says as long as the attention is on him. Just like every other diluted socialist Nothing but an attention seeking populist
I think Maloney is wrong about silver but a shill?...What is the factual basis for that statement.
Here on ZH a lot of poster come up with dark predictions based on fear. Some judgement might go a long way in deciding what is LIKELY...anything is possible I guess.
wrong about silver? how?
That's hilarious you turd burglar.
Better a bird in a gilded cage than a canary in a coal mine.
that depends on which is easier to escape before the crash
Mike Maloney spotted in baby stroller in NYC!
https://www.youtube.com/watch?v=PUKMUZ4tlJg
Freaky hilarious!!
I find Mike M to be one of the best info sources ever, largely because he's not doom and gloom. He's about preparing for opportunity.
This video is a must watch for anyone who really wants to understand money (rather than just complain about it...).
http://youtu.be/tj2s6vzErqY
He clearly understands how things should work. However, there are several problems working against Mike...
1) He's someone who understands fundamentals in a world full of economic distortion. Thinking like Mike right now is akin to understanding gravity when everyone else in the world thinks that the moon is a god who brings rain.
2) Mike is selling a product. He profits from his own professed viewpoint. That's generally always something to avoid, it's why you should avoid most of Wall Street.
3) He's been wrong about expected upturns in PM prices for a long time.
All that said, I listen to what he has to say.
1) Gravity doesn't change even if people are idiots.
2) He has to make a living, and certainly has to eat.
3) He's the first to admit that he can not predict the future, he can only make educated guesses. Also, no one thought they would be able to keep the indoctrination and scam going for as long as it has. This is actually the longest running Fiat Currency in 5000 years of recorded history on fiat currencies. The indoctrination around the world is very strong.
he practices what he preaches.
1) That's true. However, if you understand how to build a rocket ship to fly the moon, but everyone else in the world thinks that the moon is made of cheese and worship it's phases then your life is essentially crippled by the ignorance of people around you and there's nothing you can do about it. At that point there's no guarantee that your genius will ever be rewarded at all. Humans are social animals, without populations of people understanding truth, we're little better than any other animal.
2) True, but he sounds smart enough he could be doing most anything. I would simply trust him at his word a lot more if he were not selling the very product he says everyone should own. Jim Rikards says similar things to Mike Maloney, but Rikards doesn't own a PM company, so I trust his opinion on the matter more. That's just how it is.
3) You can't say "I think this will happen..." and have any credibility if it doesn't happen. Mike should have known that before he began speaking words to that effect years ago. Understand, I like Mike, I would love to have a beer with the guy, and I think he's mostly right in his viewpoint. But he has harmed his own credibility by saying anything that might sound like a prediction of future prices.
The problem for the U.S. is the Chinese have been listening to Mike and they understand exactly his messages. I believe they have done what Mike wants Americans to do but to no avail.
I really hope we still have 4000 to 5000 tons of gold left in the vault at the Federal Reserve. I know they must have been rehypothecated like 100x1 but as long as we still have them physically, we can always settle with cash.
Every stacker has been wrong not just M.M