Month: Mar 2017
I am reminded of my days as a child, playing Monopoly… Of course, the company that manufactured the board game: Parkers – or in the UK – Waddingtons – produced many versions for major markets. America, had its version, based on New York, Britain’s version used London, and Canada, Australia, and New Zealand – the rest of the five eyes – no doubt had their versions too. All told there were 103 versions (at least according to Wikipedia), so I suppose most people over 30, will have played it or seen it at some point in their life.
I was reminded of it, because of the new British £1.00 coin, which is a bi-metallic 12 sided beast, that reminded me of the coins that were made of plastic in the above mentioned game.
The new coin, according to several sources: “has a hidden security feature to make it difficult to counterfeit, but officials at the Royal Mint have not released any further details.”
“It is thought to involve material inside the coin itself which can be detected when electronically scanned by coin-counting or payment machines,”
“Three years in the making and costing £2 million to develop, it inserts a physical security layer within each coin that allows for thousands of coins to be scanned and verified in a matter of seconds, quickly separating the real coins from the duff ones.”
Of course the British Fiver (£5.00 note) is now made of plastic, and incorporates security features to make it more durable, and difficult for counterfeiters to produce without it being obvious. By October this year, the older paper based Fiver will be obsolete, and apart from the nice shiney new ones that made it into envelopes to be stored in drawers and cupboards for children when they were younger they will no doubt like most currencies of yesteryear, disappear into the realms of history.
That is a feature of all currencies… NOTE: A currency is for “current” transactions…
Money is a different beast altogether.
For anything to serve as Money, it has to have 7 functions. (Mike Maloney has a wonderful series of videos on You-tube, that tell the History of Money, should you wish to do further swotting up and if I were to watch or recommend just one, or two, I’d start with part 4)
Money has to be: A Medium of Exchange, A Unit of Account, Portable, Durable, Divisible, Fungible and a Store of Value.
Most of those are obvious, though Fungible might confuse a few people. Fungible just means that each unit is the same as each other unit so it doesn’t matter which one I use, they are all the same.
BUT, only Gold and Silver coins: where the size, weight and purity is known, can serve as money.
Therein lies a tale…
Because an ounce of Gold, or a Pound of Sterling Silver, remains the same over hundreds of years, and retains its size, weight and appearance, therefore they are a store of value.
The story goes, that an ounce of Gold, will buy a quality suit of clothes from a top tailor on Savile Row in London, England, just as it did a hundred years ago.
This means that the government has to limit its activity because it will run out of money, unless it taxes its people more, and most governments are like Turkeys – they won’t vote for Xmas, by raising taxes on the population, because in democracies, people who raise taxes tend to get voted out of office.
The British Pound Sterling was so-called because the British Crown Royal Mint assayed it and using stamps, that were stamped into the metal, to verify its purity came up wiith the definition of 925 parts per thousand, which gave it its name.
This became the basis of our monetary system. Alongside this money, the British also had a Golden Crown and a Golden Guinea. The Golden Guinea was once, a one ounce coin of pure Gold, valued at £1.05 (21/- or 21 Shillings) A shilling was 1/20th of a pound.
Of course at a time when 16 ounces of something was a pound, this wasn’t the same for Gold and Silver, as they are measured in Troy ounces which are heavier, than “Avoirdupois” ounces by a factor of 1.225 times, so was the equivalent monetary value at a time when the Silver:Gold ratio was legally defined as 16:1 or 15.5:1 at various times.
Britain left the Gold Standard during the early days of the first World War, to allow the nation to pay its war bills, for war munitions and this allowed it to expand the money supply without causing immediate deflation, or price inflation. America, did well out of it, as Europeans bought many of their materials from the U.S. like grain, and household goods, as well as munitions.
So why do Governments, and their agents, want to steer you away from having real money? That’s a good question.
If you get real money from your time, talents and energy, you could put your excess earnings into savings, and the government and Banksters would not be able to tax that. In order to pay for their actions, they need to steal your time and your freedom… People who are free from the drudgery of work, have too much time on their hands, and can think. And people who think, are a potential threat to those in power, as they have a tendency to spot the scams being run by governments.
In post WWI Russia, a young economist called Nikolai Dmitryevich Kondratieff produced a report that stated that the economy which tends to work in cycles, has a long-wave cycle of roughly two generations. Robert Beckman a financier during the 1980s, and author of the book “The Downwave” suggested a cycle of 54 years, but this obviously depends on when women begin having their first child. This became known as the “Kondratieff Wave”, and Kondratieff, to counter this cycle, suggested allowing the population to have small businesses like Britain, and other nations
For Lenin and Stalin, this proved too much. Kondratieff, who was tried for treason to the party spent 8 years in jail. While he was in jail, he did further research, and when he was released, he was tried again, and this time was convicted, and sentenced to death by firing squad…
His sentence was carried out that same day.
Both Hitler and Stalin, took gold out of the hands of the citizens, because as the old saw goes: “He who owns the gold, makes the rules.”. So owning Gold gives you “Freedom”.
So, Governments, and their Central Banker paymasters need to restrict the population from using money, because it has limited capability to be taxed. And those on the inside, can’t get YOU, to pay for their pet projects, that many of them, will benefit from, further down the line.
So the new British pound to go back stops those who wish to preserve their wealth, from storing cash at home, out of the Banking System, because periodically, they are forced to return their notes and coins to the Banking system to be replaced by their newer less counterfitable replacements.
Now when you have to replace large sums, the Bankers know how much you are storing out of the system, and if that sum exceeds typically £10,000, they are duty bound to report that to the Government under legislation to prevent money laundering (at least so they say).
In reality, it is about controlling the banking system and the flows of funds into and out of the system, because the government and the bank relies of a functioning banking system to set taxation policy (Govenment debts are owed to the Central Bankers and thus need to know who has the funds)
This new coin therefore, is just part of the ongoing strategy to get everyone into the banking system, (there are currently over 1.5 million people with no Bank account) and to ensure the Banks can make a profit from this, free banking has to go.
You have to ensure that you have a minimum of 10% of your assets held in readily exchangeable assets with “no counterparty risk”. That means Gold and Silver.
Of the two precious metals, Andrew Maguire a precious metals trader has proved conlusively, that the U.S. government’s Bankers (the Fed and its client Bullion Banks) have been manipulated to the detriment of precious metals owners. the ratio historically of price between silver and gold is in the region of 16:1.
During the 1990s, this ratio began to be manipulated, as the US. government, which had used 2.75 BILLION ounces of Treasury Department Silver, during WW2 as part of the Manhattan project, and had to shut down the facility that used that silver in 1992, for 3 years, while they recovered that silver, to sell, because demand was growing (due to widespread industrial uses) and that should have raised the price, and encouraged more companies to find and produce silver, which would have brought the price down again… THAT is how markets are supposed to work – Economics 101 as the Americans might say.
Monopoly is outlawed in most industries, because a monopoly can extract monopoly profits – take it or leave it… And yet we allow our government and its Bankers to ensure that we can only use their monopoly produced money… Is this fair? No!
The only way to beat this monopoly practice, is to purchase precious metals and to keep those under your own control…
The time has arrived.
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Students of Literature, will recognise the title from the warning given to Julius Ceasar, as epitomised in the Shakespearean play of that name.
It was a warning to the general, to beware, by a soothsayer (who remains nameless). A warning that apparently he ignored. Of course, as the conspirators – the Senators, stabbed at Ceasar, and Marcus Brutus a former long-time friend plunged his knife into the man, Shakespeare’s Ceasar uttered those now immortal words – “Et tu Bruté” (And you Brutus?)
Of course, in the modern era, the last major play, that resembles this drama, is the death of John Fitzgerald Kennedy on November 22nd 1963, as he was brutally slaughtered by a conspiratorial cabal operating in the upper echelons of the power political scene in America.
Who all these conspirators are, has remained largely unspoken… But some people, are doing what should have been done 50+ years ago, by the Dallas Police, before the CIA and the FBI took over the post assassination conspiratorial machinations, to cover up their involvement, and to plant the idea in the public’s mind, that “it was a lone gunman” a Russian Sympathiser, who spent three years in Russia, but who was in receipt of $200 per month from the FBI as an informer, and who received special training by the CIA to learn Russian, before he allegedly dropped out by going to Russia and staying there for three years…
Those invoved in the Conspiracy carefully massaged the images and the Warren Commission headed up by the very man, that Kennedy had fired just a few months earlier as Head of the CIA to ensure the story remained “on message”.
Of course George Herbert Walker Bush, when asked where he was at the time of the shooting, had vague recollections of where he was, despite someone of that name making a call to J. Edgar Hoover’s office – Head of the FBI just hours after the shooting proving he was in a hotel in Dallas. And his recollections apparently varied on subsequent questioning of the same incident, The same George H. W. Bush who went on to be Carter’s head of CIA, and then Vice President, during the 8 years that Ronald Reagan was President, and almost made it to the presidency when President Reagan was shot, by a lone nutter… But the President in true Cowboy hero fashion, survived.
JFK’s brother Robert Kennedy who also later ran for political office also met a sudden death when yet another lone nutter (CIA – MK-Ultra participant?) allegedly shot him at close quarters as he emerged from the hotel kitchen into the glare of waiting reporters, TV cameras and waiting dignatories – and CIA operatives?
Here is the best documentary I’ve seen on this and other subjects…
JFK Jr., had his 3rd birthday just three days after his father’s death, and after growing up and becoming by, all accounts, an honourable man, handsome, suave, considerate and latterly a pilot and publisher of a magazine called “George” – Was this a clue to the mystery surrounding his father’s demise?
And of course, John F Kennedy Junior ALSO met an untimely demise, when his plane came down late in the evening, as his plane disappeared off his flight path and plunged into the Atlantic, just 1 minute after he called in to the Martha’s Vineyard Airport, to say he was at 2,500 feet and ready to descend to the airport… But he never made it, falling out of the sky almost vertically just 60 seconds later… Meanwhile, George Bush Junior, for the three days, was nowhere to be found… Hmmmm… “Curiouser, and Curiouser”…cried Alice…
You can get a better description of events here…
So what does this have to do with the Ides of March?
Well, as President Trump has already made known to the world, some of the things he wants to do is to “Drain the swamp”, and began the process, though CIA leaks have been made to discredit him, but even the MSM have had to eat some of their words. However, many things seem to be happening that suggests he won’t see out his full-term – one way or another…
Already people are setting Trump up for a fall… Here’s how Zero-Hedge put it
Roberto Gualtieri, chairman of the European Parliament’s economic and monetary affairs committee, also criticized Trump. “Some first concrete confirmations of a new more unilateral policy stance by the new U.S. administration, including on sensitive financial markets regulatory issues, raise concerns and require both thorough reflection and action from the EU side,” he told the committee.
Meanwhile, Draghi deflected accusations lobbed at him over the weekend by German finmin Schauble, who said not Germany, but the ECB and Mario Draghi, are responsible for the undervaluation of the euro:
And SGTReport who holds views similar to my own, regarding the economy, believes much the same with regard to Trump’s likely outcome, as those behind the scenes are attempting to undermine, discredit, or if they can’t impeach him, probably develop a plan to slay him, when they produced this video…
And of course #Pizzagate is just another FAKE News story…
And of course, it was Trump and those Russian hackers who stole the election… Except it wasn’t…
BUT, at least Trump is fighting back, and so are the Americans…
Those evil Bankers, Oil-men, Military Corporate CEOs and multi-million share-holders, and those working for them in the secretive security organisations – all 16 of them, are now going to have their teeth pulled as the fight-back begins…As Ron Paul, that arch-enemy of the Federal Reserve has already had his £0.02 worth..
So, if you’re in the markets, now might be prudent to lower your risk somewhat… Events have a habit of coming out of the blue, and given recent rises to bubble territory… and Cliff High’s, Jim Rickards’ and Bill Bonner’s and JIm Willie’s and Peter Schiff’s, David Morgan’s and Dr. Paul Craig Robert’s warnings a pull-back is long overdue.
This is an important adjunct to the above piece, as events come into focus:
The 15th March (Ides) is the day that Netherlands goes to the polls to elect a new leader. One in which the populist Geert Wilders is steadily making progress in the polls and is looking increasingly likely to win. BUT as Turkey and the Dutch go head to head over the latest political intrigue, will this mean Wilders gets more of the sympathetic vote, against the population concerned about the (as they see it) invasion of Islamists guaranteeing him the vote?
The second concerning thing is the reaching of the $20 Trillion debt ceiling in the U.S. on that date, while also the Federal Reserve on that day too will decide whether to raise interest rates for just the 3rd time in 10 years.
And, in the UK, after the House of Commons rejected the amendment voted for by the House of Lords, this frees the PM’s hands to announce the formal Brexit process.
And finally, Clif High – researcher, has been announcing over the last two months that March onwards is likely to be tumultuous, and after all that, I found this…(below)
Anyone who has been reading this blog for any length of time, will know my feelings on Precious metals, and this just threw petrol on the bonfire.
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