The Collapse of The American Dream Explained in Animation

September 28, 2013

Time to pull up a comfy chair and get educated … The way the government schools won’t do.

I wonder why that is?

The gold standard … Answers a lot of questions ….. You cannot print gold.

Free government cheese. Otherwise know as the owners of tomorrow’s debt.

Slaves, Dummies. Throughout the history of man it’s been the same siren song of despotic dictators.

He who sacrifices freedom for security deserves neither … Ben Franklin.


Jim Rickards: Paper, Gold or Chaos?

November 14, 2012

The fed is printing money like crazy —  click on the link below and watch the whole interview.

Transcription of Finance News Network Interview with JAC Capital Advisors Partner, Jim Rickards at The Gold Investment Symposium in Sydney.

Here is a key graph…

Lelde Smits:  If you’re as bullish as you say you are, what percentage of a portfolio do you believe investors should devote to gold?

Jim Rickards: I recommend for the conservative investor 10 per cent and for the aggressive investor 20 per cent. A lot of people are surprised at that. They say, ‘You know Jim, if you’re so bullish on gold, why not more, why not 50 per cent or more?’. The answer is, you don’t want to be too much in any one thing. No matter what your view is, there are certain risks associated with over concentration. And, there are other asset classes you can be in to protect your wealth. One of them is raw land, fine art, other precious metals, and you should have some cash.

People are surprised to hear me say that, they say, ‘Boy, Jim you’re the guy who says that these currencies are going to collapse, why would you have cash?’ You might not have it for long, but you might have it for the short run to preserve wealth and it gives you optionality. When you get a little more of it, when you have cash, and you get more visibility you can pivot into these other asset classes. So, I like a diversified portfolio of gold, silver, land, fine art and cash, and I think that will serve you very well.

The interview and video are here.

Full transcript … At link above.

Read the rest of this entry »


How The Gold Standard Was Ended — Just Cause A Public Panic, Which FDR Did

March 5, 2012

On June 5, 1933, the United States went off the gold standard, a monetary system in which currency is backed by gold, when Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold. The United States had been on a gold standard since 1879, except for an embargo on gold exports during World War I, but bank failures during the Great Depression of the 1930s frightened the public into hoarding gold, making the policy untenable.

Soon after taking office in March 1933, Roosevelt declared a nationwide bank moratorium in order to prevent a run on the banks by consumers lacking confidence in the economy. He also forbade banks to pay out gold or to export it. According to Keynesian economic theory, one of the best ways to fight off an economic downturn is to inflate the money supply. And increasing the amount of gold held by the Federal Reserve would in turn increase its power to inflate the money supply. Facing similar pressures, Britain had dropped the gold standard in 1931, and Roosevelt had taken note.

On April 5, 1933, Roosevelt ordered all gold coins and gold certificates in denominations of more than $100 turned in for other money. It required all persons to deliver all gold coin, gold bullion and gold certificates owned by them to the Federal Reserve by May 1 for the set price of $20.67 per ounce. By May 10, the government had taken in $300 million of gold coin and $470 million of gold certificates. Two months later, a joint resolution of Congress abrogated the gold clauses in many public and private obligations that required the debtor to repay the creditor in gold dollars of the same weight and fineness as those borrowed. In 1934, the government price of gold was increased to $35 per ounce, effectively increasing the gold on the Federal Reserve’s balance sheets by 69 percent. This increase in assets allowed the Federal Reserve to further inflate the money supply.

The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. In 1974, President Gerald Ford signed legislation that permitted Americans again to own gold bullion.


Try This, See What’s Going On?

March 5, 2012

I wonder what politicians have to do with this chart? Remember it was the great Fascists FDR that removed the obstacle to the government silently inflating your money vs gold … Why did FDR need to put the USA on the inflate your money standard?

On June 5, 1933, the United States went off the gold standard, a monetary system in which currency is backed by gold, when Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold. The United States had been on a gold standard since 1879, except for an embargo on gold exports during World War I, but bank failures during the Great Depression of the 1930s frightened the public into hoarding gold, making the policy untenable.

Don’t make another BUY or SELL decision without checking the value and trend of your target security in GOLD!

For a limited time, custom charts are available for any stock or security for which I have historical data. This should include any company on the NYSE, AMEX, NASDAQ, CME, NYBOT, OTC Bulliten Board and many foreign exchanges, as well as many market averages. These charts will show the value of the security in grams of gold over long term (ten years, if data is available) and short term (one year) periods. The same tools I use to create the charts on the pricedingold.com website will be used to create your custom charts, and the charts will be emailed to you in PDF format.

Make sure your investments are growing in true value, not just in evaporating dollar value.  Price them in GOLD!


Is The 45 APC Round Going To Be The Next World Currency???

December 30, 2011

When we left the gold standard, the financial system of the world became a printed society, where politicians could inflate at will. Read the fine print on your money. At one point in the not to distant past, the note read:

Debt-Free United States Notes“.

Our debt-based monetary system is systematically destroying the wealth of this nation.

Kerry Lutz

If you’re worried about the latest price decline of precious metals, then listen to Ranting Andy Hoffman’s latest take on the smack-down. Andy and I agree: it’s all smoke and mirrors, so you shouldn’t be deceived. You have nothing to lose but your fiat currency. Simply put, this latest smack-down is just another last ditch survival ploy by the elite world financiers. However, this tactic is destined to fail because worldwide debt growth has gone geometric; there’s simply no way to pay it off. There will be subsequent massive debt defaults, either through inflationary devaluation of fiat currencies or by countries that simply accept the obvious and cut off the flow of debt repayment dollars.

Andy and I joke that the .45 caliber round may one day become the universal currency unit. But seriously, there will be much pain for you if you refuse to recognize the truth and embrace the concept of sound money. Therefore, your choice is simple, buy gold and silver at steeply discounted prices, or wait for your bank balance to become irrelevant. The crisis has spread to every continent in the world and there definitely wont be a Chinese White Knight riding to your rescue.

Lots of people thinking the same thing. I haven’t lost a nickle on ammo.

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