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Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label global economy. Show all posts
Showing posts with label global economy. Show all posts

Sunday, August 28, 2016

Academics now vilifying cash after decades of downplaying gold

The stereotype that labels academics as little more than theorists cloistered in their ivory towers was on full display this last week when a Harvard economics Professor and P.H.D. suggested that it was time to ban all physical cash because it naturally leads people to evade taxes, incite human trafficking, and is the fundamental cause of many criminal activities.

Ironically as well, this faulty line of thinking has been the catalyst behind the vilification of gold for so many decades, and its label as little more than a 'pet rock'.

Six months since Larry Summers first suggested "it's time to kill the $100 bill," and three months after The ECB actually killed the €500 Note, another Harvard scholar is reinvigorating the war on cash. Amid claims that paper money fuels corruption, terrorism, tax evasion, and illegal immigration, Ken Rogoff (ironically of "It's Different This Time" infamy) says the US should get rid of the $100 bill(and $50s and $20s) proposing, in his words, "a 'less-cash' society, not a cashless one, at least for the foreseeable future." 
According to the esteemed ivory tower academic, paper currency lies at the heart of some of today’s most intractable public-finance and monetary problems. As Rogoff explains in The Wall Street Journal, getting rid of most of it - that is, moving to a society where cash is used less frequently and mainly for small transactions - could be a big help. 
Rogoff's begins by stating factoids as facts... 
There is little debate among law-enforcement agencies that paper currency, especially large notes such as the U.S. $100 bill, facilitates crime: racketeering, extortion, money laundering, drug and human trafficking, the corruption of public officials, not to mention terrorism. There are substitutes for cash—cryptocurrencies, uncut diamonds, gold coins, prepaid cards—but for many kinds of criminal transactions, cash is still king. It delivers absolute anonymity, portability, liquidity and near-universal acceptance. It is no accident that whenever there is a big-time drug bust, the authorities typically find wads of cash. 
Cash is also deeply implicated in tax evasion, which costs the federal government some $500 billion a year in revenue. According to the Internal Revenue Service, a lot of the action is concentrated in small cash-intensive businesses, where it is difficult to verify sales and the self-reporting of income. By contrast, businesses that take payments mostly by check, bank card or electronic transfer know that it is much easier for tax authorities to catch them dissembling. Though the data are much thinner for state and local governments, they too surely lose big-time from tax evasion, perhaps as much as $200 billion a year. 
Cash also lies at the core of the illegal immigration problem in the U.S. If American employers couldn’t so easily pay illegal workers off the books in cash, the lure of jobs would abate, and the flow of illegal immigrants would shrink drastically. Needless to say, phasing out most cash would be a far more humane and sensible way of discouraging illegal immigration than constructing a giant wall. - Zerohedge
What Professor Rogoff unfortunately tends to ignore in his diatribe to ban cash is that it is not the people, who's potential criminal activities involving money are little more than a drop in the bucket in our $57 trillion global economy, but the fact that the greatest monetary crimes are done without a single physical dollar being used.  It is the digital monetary system, run by banks, central bankers, and corrupt governments, that are the foundation for most of the criminal fraud that takes place in our financial system.

The ability to hold both cash and gold in your hands is as great a freedom as the right to own a gun.  And whenever you see a public official call for the banning of either, then the real reasons behind this are about control and dominion, or in the case of the Federal Reserve, to protect their own to the detriment of people like you and I who simply want to live under the auspices of real and sound money, and individual responsibility.

Thursday, July 28, 2016

Economist Marc Faber is now telling investors to put 25% of their portfolio into physical gold

Last week, famed economist Marc Faber spoke at a seminar for the Chartered Financial Analyst group out of Chicago, which brings together many of the top investment professionals in the United States.  During his time behind the podium, the Gloom, Boom, and Doom economist advocated that the global economy and financial systems have reached such a point where investors need to re-allocate much of their portfolios to physical assets such as gold, and even suggested that they replace currencies and bonds with up to 25% of their allocation going towards the precious metal.

Every year, Faber is brought on stage by an organization of elite investors, the CFA Institute, during a seminar in Chicago for highly trained investment professionals from throughout the world. And he was there Thursday. 
Why would an investing horror star be there? Because the most savvy of investment pros are taught not only to cherish the sweet delights of a soaring stock market, but also to look at what could go wrong, to test their happy thoughts and to prepare. 
Faber challenges oblivious investors in his "Gloom, Boom & Doom Report," which focuses more on doom than boom. But he also points out that even during doom there is always something that will boom. Faber said he wouldn't go as far as to suggest people buy property in Aleppo, Syria, now, but you get the idea: Money is made when investors dig through carnage, not when they buy something that's been popular a long time. 
Faber told the investment professionals gathered in Chicago that they shouldn't be prejudiced against gold. Although the typical investment pro keeps less than 1 percent of his or her portfolio in gold, Faber suggests 25 percent. He sees it as protection from a dangerous combination of tremendous government debt and massive bond-buying by central banks globally trying to fight off recession with near-zero interest rates. Besides gold, Faber has invested in Asian real estate and some stocks and bonds. - Chicago Tribune

Friday, May 20, 2016

March saw global central banks dump dollars at a record clip

Since the middle of 2015, global central banks have been dumping Treasuries and other dollar reserves at record levels to accommodate a number of different needs within their own monetary policies.  For some like China, the dumping of dollars has helped the Far East economy protect their currency and ensure exports remain at the lowest costs achievable.  And for nations like Russia and Saudi Arabia, the selling of dollars has been a necessity to boost their budgets during the advent of low oil prices.
But perhaps the biggest reason behind the dumping of dollars en masse by central banks has been the rush out of the reserve currency, which is becoming less a requirement now that direct bi-lateral trade has returned to the global economy.
Dollar
Read more on this article here...

Tuesday, April 12, 2016

U.S. becoming desperate to hold on to their power over global financial system

Empires and the elite never relinquish power easily, and are often willing to cause extreme harm to the system itself to try to hold onto their control.  And while we have seen this exhibited over the past few years in the form of economic sanctions (Russia), tariffs (China), sovereign overthrows (Libya, Syria, Ukraine), and secret trade agreements (TPP, TTIP), the fact of the matter is the world is in cyclical sea change which is very similar to previous times when empires like that of France and Britain lost their control to a new power.
Yet it appears that most of these offensive maneuvers by the United States against growing economic, political, and military powers are no longer working as Washington desires, and the administration is now resorting to begging to try to remain as top dog in dictating monetary policy.

Friday, March 25, 2016

Got Karatbars? The French Revolution, Napolean, and gold and why it is relevant today

Que Mark Twain...

History is a road that has no end, yet people find themselves going over the same ground again and again.

This doggerel style rhyme was given to show that inevitably, history both repeats and rhymes because while the players and places may be different, the circumstances and outcomes almost are always the same.

We are now living in an era where the U.S. and the world has left the gold standard for paper fiat currency, and the controllers of our money believe that this time they can both get it right, and make it work.  But over 200 years ago, men and women of reason (like our PhD's and central bankers) thought they too could dump the gold standard and run an economy solely on paper money.  And like the rise of Ron Paul, Donald Trump, and Bernie Sanders today, back in revolutionary France the consequences of expansive money printing led to the election of their own outsider who threw out the money changer elites, and determined gold to be the only true form of money able to exist in an economy.

And that person was Napoleon Bonaparte.


It was 1790 and the revolutionary National Assembly in Paris was worried. 
Complaints were reaching the Assembly from all over France, that business was stagnant, sales were down, people were without work, and there was a great scarcity of money. 
This was quite natural, because all business slows down when the prevailing source of Authority is under question. The Bastille prison had been taken the prior year by a revolutionary crowd and all sorts of ugly things were being said about King Louis XVI and his pretty young Queen, Marie Antoinette. 
But this was the "Age of Reason" and the most educated, intelligent and reasonable people in France were members of the revolutionary National Assembly, which gathered daily in Paris. 
The Assembly put their highly educated heads together and came to the conclusion that a scarcity of money was quite intolerable and that the Assembly must really do something about it. 
"What do we have highly educated brains for, if we can't solve the problem of a scarcity of money? Without a doubt, Reason can overcome this problem." 
So the members of the National Assembly thought about the problem of the scarcity of money, and came up with a splendid idea: "Let us create the necessary money, and things will go swimmingly." 
Thus was born the "Assignat". Out of the collective wisdom of the Assembly, the Assignat was born as a claim upon the vast extension of lands recently taken by the State of France, from the Catholic Church. What could be more solid than a claim upon the lovely lands of dear France? 
The Assignats were soon printed up, with various denominations of monetary value in gold Francs. 
At first, the Assignats circulated alongside gold coin at par value. But soon enough, the exchange value of the Assignats against gold began to fall. 
Thus began a nightmare episode that lasted seven years. 
The first issue of Assignats did not relieve the problem of business being in a funk. So a second issue followed the first; and then another, and then more, and thick and fast they came at last, and more and more and more, falling, falling, always falling in value against gold. 
The highly intelligent gentlemen of the Assembly decided that this fall in value of their Assignat must be the work of wicked, unpatriotic people who should be severely punished. 
The Assembly decreed that a merchant should be punished by being sent to the galleys or to the guillotine, if he should venture to ask a customer who wanted to know the price of bread, with what money he planned to pay for the bread - whether it was with gold coin or with Assignats? 
The Assembly created a national net of spies to hunt down the wicked hoarders of gold, confiscate their gold and have them part with their heads with a short, sharp shock on a big, black block. 
In the meantime, the more intelligent of the citizenry took out enormous debts in Assignats, with the certainty that their value would soon plummet; with borrowed Assignats they purchased all sorts of things of lasting value, such as real estate, art and jewelry. In due course, the value of the Assignat fell to next to nothing and the debts were wiped out. Enormous wealth was transferred from the mass of the ignorant to the few who were able to see what was going on. 
Eventually, the common people of Paris found that bread was hard to come by. Starvation set in, and the Parisian government had to provide rations of bread for the multitude - rotting, wormy bread. 
In 1797 Napoleon came to power in France. He put a stop to the very reasonable plans of the highly educated men of the National Assembly, and declared that henceforth, only gold would be money. - Plata


In all of history, whenever a nation or empire discontinued the use of gold as a backstop for their money, the result was always the destruction of their currency, economic collapse, and revolutionary environments that ended with a return to the gold standard.  And with the global economy now at the place where peoples are waking up to their own 'French Revolution' moment, and seeking individuals to lead them back to gold as the foundation of money, how can you prepare yourself and protect your wealth when the dollar and other fiat currencies fail, and gold is once again the primary form of currency?

You can do this with a company called Karatbars




Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.



The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Wednesday, March 9, 2016

Even Rothschild is admitting the economy is in distress

Over the past few weeks we have had several major banks and hedge funds play down the recent stock market rally, and affirm that the bear market trend that started in January still has further to go.  And now on March 6, one of the highest of the elite went public and joined his voice to the growing mainstream chorus that 2016 will be one of financial and economic turmoil.
Jacob Rothschild, who is CEO and managing partner of both J. Rothschild Capital Management Limited and RIT Capital, wrote in a letter to his investors that ‘market conditions have deteriorated further, and that we may well be in the eye of a storm.’

Monday, February 22, 2016

Got Karatbars? Global war on cash is meaningless if you own gold

While it is rather unlikely that the U.S. would dare to eliminate cash altogether, like with guns, it is one of the last remaining freedoms that Americans would come out en masse to protest and fight for.  But the U.S. financial system is no longer simply a domestic entity, and the 21st century global economy affects every nation in one form or another.  So as the world in general rushes headlong into negative interest rates, capital controls, and a war on cash, we as Americans will be affected by their actions since we are both a creditor nation, and one that relies heavily on global imports.

Many people today are used to electronic forms of payment in both online purchasing, and in everyday shopping.  But there is a massive difference between using tools such as debit cards, credit cards, and online bill pay features as a convenience versus not ever being allowed to transport your money from one place to another should you find your bank no longer living up to your expectations, or in a more drastic scenario, insolvent and working towards a capitalization bail-in.



But the point of the matter is, all finance today is built on a debt based system of credit, and not on real or sound money.  And thus the real way to protect yourself while still having the ability to function in a world of electronic convenience is to keep your wealth in assets like physical gold, which supersede any attempts by banks or governments to limit your choices and freedoms as the war on cash escalates.
Negative interest rates?  Big deal.  Over long periods of time the relative value of gold accelerates vs. all other currencies when real rates are negative.  When the Fed takes nominal rates negative the price of gold/silver will begin to go parabolic.  Will that happen immediately?  Of course not.  The Fed will try to cap the price movement of gold with B-52 payloads full of paper gold.  When this happens, take as much cash out of the banking system as possible and convert it into physical gold and silver bullion coins. 
The rampant proliferation of “war on cash / negative interest rate” warnings are little more than the childish rants of alternative media propaganda artists.   It’s like a repetitive announcement that the earth is round and circles the sun.  Yes, we know that the Government is going to digitize the currency system and take interest rates negative in an attempt to channel bank balances into consumption or the stock market or Treasury bonds. 
But whatever measures the Government takes to implement capital controls and increasingly exert more control over your life can be offset if you move as much cash as possible out of the system now and into precious metals. - Dave Kranzler via Silver Doctors


Just like with Bitcoin and facilities such as Paypal, more and more business models are emerging that allow people to function outside the traditional and antiquated banking system.  And more importantly, many of these facilities and companies are structuring themselves outside the purview of governments and banks, and provide a means for people to bank, store their wealth, and above all, protect their wealth in the only money that is not affected by inflation, deflation, negative or zero interest rates and central bank or government policies.

And the best way to both function and protect yourself in this manner is with a company called Karatbars.



Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.


The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Monday, January 18, 2016

Margin calls and meltdown: The collapse is occurring right now

On Monday, Nomi Prins issued her own declaration that the economic collapse is occurring right now in 2016 with what she says are 'many' depressionary environments already taking place in countries around the world.  In particular, Brazil has cancelled its annual sacred Carnival Festival, and Qatar just yesterday experienced a complete meltdown of their markets.



And in a validation of Nomi's analysis, Bill Holter contacted the SGT Report on Jan. 17 to put on an interview to discuss the fact that the entire financial system is under the duress of a major margin call, and that an economic meltdown is as well underway at this moment.

Friday, September 18, 2015

Fed leaves interest rates the same signalling economy is not in a good state

Fed Day has finally arrived, and just as many here in the alternative media believed, the central bank did nothing.  However, even more than simply keeping interest rates at zero for the foreseeable future, comments by Fed Chairman Janet Yellen signaled that not only is the economy not in as good a state as they have been parroting for the past year, but global downturns have even brought up the conversation for the central bank to take rates negative to try to stimulate inflation.
The results of no hike in interest rates brought a drop in the dollar, a rise in gold, and a steady move up for equities.  But the uncertain move that has yet to be seen will come over the next few days in Europe and in Asia, as their currencies will all rise and require necessary adjustments in the midst of an ongoing currency war to beat each other to the bottom.

Friday, March 14, 2014

$100 Trillion: World floats on a sea of debt

On March 9, the Bank of International Settlements (BIS) released its quarterly report and found that for the first time ever, global debt has reached $100 trillion, with 40% of that debt coming in just the past five years.
Total global debt has exploded by 40% in just 6 short years from  2007 to 2013, from “only” $70 trillion to over $100 trillion as of mid-2013, according to the BIS’ just-released quarterly review.



Read more on this article here...

Thursday, February 16, 2012

Bond market showing cracks as sell orders escalating around the world

Contrary to the way the talking heads on CNBC and Bloomberg try to spin the stock market as the barometer of the economy, the fact remains that it is the bond market that removes all doubt.

And that market appears to be escalating towards fatal as bondholders in both the US, and around the world are selling off sovereign and corporate debt at an increasing rate.

It is only appropriate that in the days after Valentine's day, the theme of dumping is revisited. Specifically that of securities. As was pointed out yesterday following the latest TIC data, there was a lot of dumping of US Treasurys by foreign official authorities, with both China and Russia (but not only) proceeding to sell a demonstrative amount of US paper.
And in a stunning display of reciprocity, US residents, not content with selling of US stocks as retail outflows soared in December, also proceeded to dump the rest of the world en mass, as the net sale of foreign securities by US Residents soared to an all time high. US Residents "sold $38.9 billion of [foreign securities] on a net basis in December. - Zerohedge