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[monsta666]

Problem is it was replaced by even worse one that is the European Central Bank. Not only is the bank just as bad as the Fed but it is outside their borders and they have no control over the policies it runs (at least the US government has some influence on the Fed).

Hi Monsta, Would like to voice my objection to that comment.

The ECB is the German Central Bank. The Fed is totally controlled buy the government and both governments are controlled in full by the respective banksters of both countries. What their charters say and the buildings they are located in are stage props only. I am afraid we are down the road of complete central authority more than most realize.   

Well to me while the Deutsche Bundesbank (German Central Bank) does exist in some capacity I do not consider it a real central bank as it does not create new currency, it merely distributes existing currency made from the ECB. Okay I was wrong about the point the ECB is outside German borders, I for some reason thought at the time it was situated in Brussels but it is actually Frankfurt. However the Germans still do not have direct control over the ECB as it joint owned by the 27 states of the EU however due to the Deutsche Bundesbank former size it is the most influential member but still it vies for control with other EU member states. The fact that Draghi runs it should offer some clue that the Germans do not directly control it. Saying all that I will say that is just the official line given in terms of ownership.

In reality it is quite likely that the most influential people are the owners of the largest commercial banks who yield enough power to dictate policy over these all major central banks (be it the Feds, ECB, Bank of England etc.) but that is another story altogether. These points however do not change the fact that these banks are likely committing fraud with gold. This is the crime we should be looking at for now. Once a crime is established then you need to investigate who the real criminal is.

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[RE]

The fact that Draghi runs it should offer some clue that the Germans do not directly control it.

The fact Draghi runs it tells who controls it.

Goldman.



RE

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[g]

The fact that Draghi runs it should offer some clue that the Germans do not directly control it.

The fact Draghi runs it tells who controls it.

Goldman.



RE

You posting of Reverend Blankfein's picture is defaming and disrespectful to this great and humble servant of the Lord.

May I post a real picture of His Eminence, as he really is, and apologize to the members of his religion, who thankfully are at Davos worshiping Mammon, for your disgraceful conduct. Please RE, remember your actions reflect upon all of us.

                                   

Details Lloyd Blankfein

Lloyd Blankfein

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[g]

Today Nigel Farage told King World News he is deeply concerned about Orwellian developments, and military interventions.  He also believes the world will witness a massive spike in the gold price as the West marches towards bankruptcy, and financial crisis once again engulfs the world.  But first, Farage, who is Britain’s very popular MEP, gave this entertaining response when asked what has him worried right now, “Joe Biden (laughter ensues).  What a ghastly man.  What have you done in America to deserve such an appalling bloke?  We’ve had a special relationship between Britain and America going back over very many years.”


“We haven’t always agreed on everything, but now we seem to have an American administration which is the most anti-British that has been in the White House since 1812, when the Brits went and burned it down.  I just cannot believe that we’re getting this bullying from Obama and Biden.


I have tried, over the last decade or more, to fight off attempts to believe that there’s some sort of global conspiracy going on....

“But I tell you what, with every day that goes by it begins to look more real.  It’s almost as if there is this massive attempt to make us all give up our freedom.  To make us all surrender our liberty.  To make us all sign up to a system where they (central planners) can monitor our emails.  Where they can, effectively, monitor and censor what we say, what we’re allowed to read, and what we’re allowed to hear.



“Gold is a long-term investment, it’s not a short-term investment.  Short-term, the status quo having their way.  Gold has been somewhat suppressed, and it will probably stay suppressed for a moment in time.


But I have absolutely no doubt that there is going to be a very big spike in gold at some point in the not-too-distant-future.  Any sensible investor’s portfolio has to have money in gold.  The banking system has not been fixed.  The borrowing of America, of Europe, of much of the West, is still hopelessly, desperately out of control.


None of the fundamentals have been fixed.  There are bad times ahead, and the gold price at some point will reflect it.  Maybe not right now, but at some point, before too long, it will reflect it.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/5_Farage_-_West_Headed_Into_Orwellian_Nightmare_%26_Bankruptcy.html       

Details shapeimage 22

shapeimage 22

 

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While the rest of the developed world is scrambling here and there, politely prodding its central bankers to destroy their relative currencies, all the while naming said devaluation assorted names, "quantitative easing" being the most popular, here comes Venezuela and shows the banana republics of the developed world what lobbing a nuclear bomb into a currency war knife fight looks like:

    VENEZUELA DEVALUES FROM 4.30 TO 6.30 BOLIVARS
    VENEZUELA NEW CURRENCY BODY TO MANAGE DOLLAR INFLOWS
    CARACAS CONSUMER PRICES ROSE 3.3% IN JAN.

And that, ladies and gents of Caracas, is how you just lost 46% of your purchasing power, unless of course your fiat was in gold and silver, which just jumped by about 46%. And, in case there is confusion, this is in process, and coming soon to every "developed world" banana republic near you.

http://www.zerohedge.com/news/2013-02-08/venezuela-devalues-its-currency-32   

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[RE]

I saw this Tyler Durden screed.

He ignores the fact that anybody holding Veneual pesos would have done bette with Dollars than Gold.

Also ignores the fact most Veneauelans have no savings at all.  If you have no savings, you lose nothing in a curency devaluation.

RE

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[g]

I saw this Tyler Durden screed.

He ignores the fact that anybody holding Veneual pesos would have done bette with Dollars than Gold.

Also ignores the fact most Veneauelans have no savings at all.  If you have no savings, you lose nothing in a curency devaluation.

RE

 

You miss the point of the article, the author points out that it is the way of all fiat sooner or later. The dollar has been holding it's value against banana republic currencies, but it's purchasing power relative to a basket of goods, and of course Gold and Silver has been rather dismal to say the least.

People without savings lose nothing, true, except for the fact that every imported good they have to buy will cost double what it did before the devaluation. That is a loss that must be measured into the equation.

I note as an addenda to the article that Mr Chavez saw to it his countries Gold Reserves were brought safely home before the move to devalue, leading me to believe that this is but the first of many devaluations.

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[monsta666]

The problem with any argument that suggests moving to a gold standard is it is basically an argument for massive deflation. Our stocks of gold are much lower than our stocks of money or even currency. Seeing as most economies are saturated with debt and since deflation makes debt repayments harder then a move to a gold standard is basically a move towards bankruptcy. Now perhaps this COULD be seen as a noble goal seeing how corrupt our banking system has become and that it needs a restart but one needs to consider the implications a full meltdown would have.

Seeing as a large percentage of international trade requires the use of banks and more important credit the failure of such banks would mean almost an end to global trading. Even if the banking system were still intact there is not enough gold or even silver in the world to trade all existing goods and services. Further even if there was enough gold and silver (through massive deflation of the monetary system) then there would not be enough gold and silver to finance further economic growth. If we look it seems the world gold reserves are on a similar footing to oil as depicted on this graph below:

From this graph it would appear peak goal was reached in 2001 when 2,649 tons of gold was mined however this total was recently surpassed in 2010 when gold mined reached 2,689 tons. There was a small decline in 2011 (but still above the 2001 peak) and in 2012 gold mined reached 2,700 tons. However we must note that increased gold mining has come about due to the great incentive of higher prices as the price of gold has risen rapidly between 2001 and 2012. Furthermore due to declining ore quality more energy is required to obtain each further ton of gold and since we approaching peak oil then the cost of mining will rise as the EROI for future oil declines (a major input to gold mining is diesel fuel). It is a combination of these factors that means it is likely that global peak gold is imminent. The same sort of issues afflict silver with declining EROI making silver extraction more expensive. Please see link below for more information in this area.

Peak Silver Revisited: Impacts Of A Global Depression, Declining Ore Grades & A Falling EROI

So why the focus on gold/silver production you may ask? The reason I highlight these production figures is if you wish to develop a financial system then you need the units of currency to rise or decline in tandem with the amount of goods and services produced in the general economy. If the money supply does not respond in tandem to growth in the overall economy then you will get inflation (as this is an oversupply of currency units) or deflation (as there is a under supply in money stocks). Also gold and silver suffer from more hoarding issues than normal fiat currency so they are more prone to deflation issues. The other issue is that the possession of precious metals is even more concentrated than fiat currency so if a switch were made then existing issues of inequalities will become even further exacerbated. Gold offers no panacea to our problems and due to its nature of it being rare and inert it is generally ill suited for an economy that rapidly grows or decline due to issues of deflation/inflation described above. It should be remembered that a global gold currency lasted just over 40 years (1870-1914) and this occurred in era of massive gold production and relatively few wars. Once any of those two conditions was broken the gold standard broke down.

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[g]

The problem with any argument that suggests moving to a gold standard is it is basically an argument for massive deflation.

That statement is totally erroneous, and is one of the many in the bankster's bag of tricks to deceive the dim and keep them in debt via fiat bondage.

All arguments that suggest a move to the Gold Standard by the enlightened are a call for a return to STABILITY, SANITY, and sound honest money. 

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[monsta666]

That statement is totally erroneous, and is one of the many in the bankster's bag of tricks to deceive the dim and keep them in debt via fiat bondage.

All arguments that suggest a move to the Gold Standard by the enlightened are a call for a return to STABILITY, SANITY, and sound honest money.

Gold cannot make bankers honest. As long as bankers are dishonest then the money they use - be it fiat or gold - will not be honest, sane or stable. Now if we could issue, and distribute gold without a banking system it could in theory become more honest but such a mechanism is unlikely to develop. The moment people need to hold large amounts of gold to make transactions is the moment there will be demand to have that gold stored in some vault. Once there are vaults banks will soon follow and once there are banks it is only a matter of time before they will defraud the money supply either through the fractional reserve system (using gold as the reserve) or they use fake bars or debase the gold coins. Their "financial innovations" in defrauding any monetary system is breathtaking. Bottom line is bankers are more dishonest than gold is honest. You must remember this point well; bankers can make any monetary system lose creditability by making it unstable and insane through fraudulent measures.

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[g]

That statement is totally erroneous, and is one of the many in the bankster's bag of tricks to deceive the dim and keep them in debt via fiat bondage.

All arguments that suggest a move to the Gold Standard by the enlightened are a call for a return to STABILITY, SANITY, and sound honest money.

Gold cannot make bankers honest. As long as bankers are dishonest then the money they use - be it fiat or gold - will not be honest, sane or stable. Now if we could issue, and distribute gold without a banking system it could in theory become more honest but such a mechanism is unlikely to develop. The moment people need to hold large amounts of gold to make transactions is the moment there will be demand to have that gold stored in some vault. Once there are vaults banks will soon follow and once there are banks it is only a matter of time before they will defraud the money supply either through the fractional reserve system (using gold as the reserve) or they use fake bars or debase the gold coins. Their "financial innovations" in defrauding any monetary system is breathtaking. Bottom line is bankers are more dishonest than gold is honest. You must remember this point well; bankers can make any monetary system lose creditability by making it unstable and insane through fraudulent measures.

The obvious fact, and I point to your erroneous writings as proof, reveal the fact that you cannot even imagine a monetary system that the banksters don't control.

Instead of spouting bankster lies and BS go back and read the Constitution of the US  and you will discover who has the legal  authority to coin money and what it has to consist of.

You must remember this point well, you are an unwitting pawn of the bankster filth that corrupted us, your intentions are honorable, however you spout their lies and propaganda for corrupting our money and social structure. They are masters of deception and brainwashing, much like Lucifer their master, and you are but another tool in their arsenal of weapons to bad mouth a return to honest money. You have been conned my friend.

Study Gold and Silver, find out why our ancestors handed them to us as real money after thousands of years of testing, and try your utmost to cleanse your mind of the bankster propaganda you been bombarded with since your birth. I realize you are a young man who never witnessed the world of honest sound money first hand, so I am most sympathetic to your predicament.   

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[monsta666]

The obvious fact, and I point to your erroneous writings as proof, reveal the fact that you cannot even imagine a monetary system that the banksters don't control.

Let us then consider what a banker is. A banker is a person who works for a bank. A bank is a financial institution that acts as a intermediary that accepts deposits and channels those deposits into loans either directly or indirectly. If there is enough gold floating around then there will be a demand to deposit this gold some place as carrying all the gold you own (either through person or at some personal fixed location) 24/7 is a costly endeavour not to mention quite dangerous also. Once you have gold deposited in some location the bullion holders will have a source of deposits and it is pretty likely they will lend this gold to other parties (at a profit). The moment they start loaning this out is the moment a bank is formed and once a bank is formed you will naturally have people working for this bank.

Are you saying that this process can be stopped? Or that the next bunch of people who gain access to vaults holding gold will resist the temptation of lending this surplus amount of gold reserves to other people for a profit? Human nature dictates that with this kind of power people will succumb to temptation and lend this money for a quick buck. It is human nature for this to happen. Just pause for a moment and look at this:

Can you imagine a scenario that if a person could see all that gold for real they could not resist the temptation to own more gold by creating false certificates to lend some of it out? It seems incredible there would be no one, in all of history, who would succumb to lending this gold out in the quest for more gold. The moment a person lends out this money a bank will be born and you can bet your golden eagle the first banker who does it will make a fortune spurring others to do the same.

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[g]

Well worth a look if you have time, How easily our minds are manipulated. They got rid of him when he tried to introduce a gold standard african currency the Dinar, his central bank loaned money to libyans at 0% interest, now replaced with a rothschild bank.

Hi Unc, nice to see you are coming out of the ether. 

There was a gent named Saddam Hussein, remember him?  He demanded payment in Euros for his oil one sad day, for him that is. Died a short time later. 

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[g]

Human nature dictates that with this kind of power people will succumb to temptation and lend this money for a quick buck. It is human nature for this to happen.

How true Monsta, people sure can be evil and become awfully greedy.

Unfortunatley however, I am discussing gold with you, an entirely different topic; like RE you are confused about the subject and muddy the waters. Your point that men can be very untrusworthy is a valid one having nothing to do with gold.

Let me ask you a few questions to see if I can get my point across without mentioning the four letter word you have been tricked into despising.

If I believe that Jesus Christ is the Lord, should I stop believing that because some members of the Christian Religions have been  exposed doing things against the teachings of Christ??

If I believe that the Constitution of the US is a worthy document which was the foundation of a great and good nation, should I stop believing in it's worth and value because many who swore to defend it, and it's principals and laws, have shown themselves to be corrupted turds instead of moral statesmen?

Are you getting my drift Monsta, I can go on and on but the point will be the same.?

                                                     

Details 1800 5 n45

1800 5 n45

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[WHD]

Human nature dictates that with this kind of power people will succumb to temptation and lend this money for a quick buck. It is human nature for this to happen.

How true Monsta, people sure can be evil and become awfully greedy.

Unfortunatley however, I am discussing gold with you, an entirely different topic; like RE you are confused about the subject and muddy the waters. Your point that men can be very untrusworthy is a valid one having nothing to do with gold.

Let me ask you a few questions to see if I can get my point across without mentioning the four letter word you have been tricked into despising.

If I believe that Jesus Christ is the Lord, should I stop believing that because some members of the Christian Religions have been  exposed doing things against the teachings of Christ??

If I believe that the Constitution of the US is a worthy document which was the foundation of a great and good nation, should I stop believing in it's worth and value because many who swore to defend it, and it's principals and laws, have shown themselves to be corrupted turds instead of moral statesmen?

Are you getting my drift Monsta, I can go on and on but the point will be the same.?

                                                     

Details 1800 5 n45

1800 5 n45

Surely all that gold could be used for some more moral purpose than money? We can use turds for money, ya know, if we want to. Which might be more appropriate at this point. Let a man's worth be measured by how much turd he collects. LOL

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