Posts tagged silver
Now Or Never
'The Dream Is Collapsing'
by William Norman Grigg September 28, 2011
. . . there are many points of correspondence between [film director Christopher Nolan’s] “Inception” and the similarly elaborate exercise in collective delusion and artful deception called the “American Dream.”
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An idea that is “incepted” (that term appears to be a neologism of Nolan’s coinage) into a dreaming person’s subconscious mind can continue to grow and expand in the individual’s waking state.
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“What is the most resilient parasite?” Cobb [Nolan’s protagonist in the film] muses at one point. “Bacteria? A virus? An intestinal worm? An idea. Resilient – highly contagious. Once an idea has taken hold of the brain it’s almost impossible to eradicate. An idea that is fully formed – fully understood – that sticks; right in there [gesturing at his head] somewhere.” As he had learned, this can have tragic – and even fatal – consequences.
This principle is more than just a clever dramatic device. It is made vivid and palpable as the Power Elite’s “dream architecture” collapses all around us.
The “inception” responsible for the current system of institutionalized delusion was the creation of the Federal Reserve System, the Regime’s official counterfeiting arm. The Fed infected the world economy with the idea that wealth can be created ex nihilo by fiat money “dream architects.”
In the real world, currency – gold and silver – were tangible substances with specific characteristics that made them valuable and impossible to counterfeit. The pseudo-world created by the Fed, however, is one in which the laws of economics appear to be suspended, meaning that “wealth” and “value” can be conjured into existence simply by emitting more paper, or doing the equivalent in the digital realm.
Creation of a central bank was necessary in order to permit the Regime’s “extractor class” to slip the shackles of hard currency. This eventually led to FDR’s confiscation of gold in 1933, and to the Nixon administration’s final repudiation of the gold standard in 1971.
In the real world, currency – gold and silver – were tangible substances with specific characteristics that made them valuable and impossible to counterfeit. The pseudo-world created by the Fed, however, is one in which the laws of economics appear to be suspended, meaning that “wealth” and “value” can be conjured into existence simply by emitting more paper, or doing the equivalent in the digital realm.
Creation of a central bank was necessary in order to permit the Regime’s “extractor class” to slip the shackles of hard currency. This eventually led to FDR’s confiscation of gold in 1933, and to the Nixon administration’s final repudiation of the gold standard in 1971.
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Ron Paul has consistently held to his message about the creation of money for decades. A vote for Ron Paul in 2012 is a vote for sanity and a stable economy.
Ron Paul on Fiat Money: 1970s Video
Gary North
Sept. 14, 2011
This ancient video has good audio. Here, Ron Paul correctly frames the debate over fiat money. It is a moral issue: theft. It is a political issue: power. It is a free market issue: a violation of competition, i.e., a government-granted monopoly. Fiat money is anti-free market.
By framing the issue correctly, he never lost sight of the enemy institution: the central bank. This is why he refuses to give Bernanke any slack.
By sticking to his knitting for 35 years, he has become the most formidable political opponent of central banking in American history — and probably world history. He never stopped hammering on the central bank. He finally gained an audience in 2007, 30 years or more after this video was shot.
His ability to expand that audience today makes him a major threat to the Federal Reserve. He will continue to get out this message after 2012. But he will do so from outside of Congress.
He is wise to leave. A politician can do only so much. He has been inside the Congress continually for over 20 years. He had earlier successful runs. There comes a time to transfer the torch. He has used his office to educate the public. He can do this from the private sector now.
Physical silver currently hard to come by
By: Peter Cooper, Arabian Money Posted 6 October, 2011
. . . what would normally happen when a commodity is in short supply is that the price would go up to encourage sellers to put some more into the market. That is presently not happening because the silver price is being artificially suppressed in the Comex futures market by the bullion banks acting on instructions from the Fed presumably, so why would you sell that silver cheaply if you happened to own some?
But something has to give and it is the price of physical silver rather than the Comex price of the shiniest of metals. If you can find any silver these days you will pay quite a substantial premium over the spot price. But pay it because that is probably still a bargain compared to where silver prices are going.
The truth is that silver is a rare metal, more rare than gold. Silver reserves have been estimatated at one-hundredth of gold reserves. Silver is after all consumed by industrial processes and reserves have dwindled over the years because the price has been kept so low for so long by market manipulation. Why is that?
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On the Threshold of the Greatest Bubble in History
Posted Wednesday, 5 October 2011 By Jeff Clark, BIG GOLD
It may not feel like it after a 12% correction in the past 30 days, but Mike Maloney – founder of GoldSilver.com – is convinced that we’re in a gold bull market that will be life changing for those who participate. I interviewed him for our current edition of BIG GOLD and am sharing some of what we talked about here. You may be shocked at what you read, because he’s devoted a larger allocation to gold and silver than we have. See why he’s convinced a bubble is ahead for precious metals, how high prices will go, and why he stores some gold overseas.
Mike: What investors need to be aware of is that we are on the last legs of our currency system. History shows that the world sees a brand-new monetary system every 30-40 years – and ours is 40 years old. Right now all currencies on the planet are backed by debt. All of the previous transitions were baby steps from something (gold) to nothing (debt). In order to give confidence back to the currencies, we’ll have to go from nothing (debt) to something (most likely gold again) in one big, huge, gigantic leap. This will cause an economic convulsion the likes of which the world has never seen.
The end of this precious metals bull market will be marked by panic buying. Gold and silver will be going into an astronomical bubble one day, probably the biggest bubble in financial history. That is why I think gold and silver are still fundamentally undervalued.
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Mike: There are these brief moments in history where the safe-haven asset also becomes the asset class with the single greatest potential gains in absolute purchasing power. We’re in one of these cycles right now; as the currency supply gets ramped up and people realize there is something wrong with it, they’ll rush back toward gold and silver and bid the price up until it matches the value of the currency supply.
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Jeff: What about the small investor? Do you have any advice for the person who has limited funds?
Mike: Yes. It only takes $40 to become a silver investor. Regardless of what your income level is, you’re going to come out much better in the end. And once you take the leap and become an investor, your mindset changes and you find yourself starting to plan. A lot of people are not really planning on the future that much – but once you buy an ounce of silver and become educated, you give yourself a tremendous advantage over the rest of the population.
So just buy small quantities of silver. It has such leverage to it. And silver will probably go into some sort of super-spike that you will want to catch, which means you probably need some sort of guidance. That’s where subscribing to newsletters such as yours is very, very important for anybody who’s going to get into this.
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My Advice to Young People
When people hear the advice to save more, they typically think that they should stop going out to lunch, and instead bring a bologna sandwich to work or school. Although one obvious way to save more each month is to reduce frivolous expenditures, that’s not the main thing I have in mind.
Read more here.
Rock-paper-scissors
I have recently arrived at the unhappy conclusion that most (but not all) investors in our Contemporary Age fall into one of three categories, these being:
1-Idiots
2-Opportunists
3-Idiotic opportunists
(or opportunistic idiots, if you prefer)
No wonder it has become so difficult to invest successfully! Since a market is ruled by the majority of buyers or sellers, one must learn to think like the majority of investors to succeed. That just leaves the decision of whether to follow Door 1, Door 2 or Door 3. Or one can still choose to fail in the short term.
I’m left between a rock and a hard place. In the long term I maintain metal will win out over paper. But it still hurts to see all those investors I consider less intelligent than myself choose US Treasuries over gold as a safe haven and continue to do well. Have they not heard the government that backs up that paper is broke?
Rock-paper-scissors
I have recently arrived at the unhappy conclusion that most (but not all) investors in our Contemporary Age fall into one of three categories, these being:
1-Idiots
2-Opportunists
3-Idiotic opportunists
(or opportunistic idiots, if you prefer)
No wonder it has become so difficult to invest successfully! Since a market is ruled by the majority of buyers or sellers, one must learn to think like the majority of investors to succeed. That just leaves the decision of whether to follow Door 1, Door 2 or Door 3. Or one can still choose to fail in the short term.
I’m left between a rock and a hard place. In the long term I maintain metal will win out over paper. But it still hurts to see all those investors I consider less intelligent than myself choose US Treasuries over gold as a safe haven and continue to do well. Have they not heard the government that backs up that paper is broke?
