Five new Health Ranger podcasts school the deluded in economic reality
The Bitcoin house of cards continues to collapse at an accelerating rate, now plunging from nearly $5000 to about $3200, wiping out more than $23 billion in “assets” that foolish people deluded themselves into thinking was real.
As explained on Zero Hedge via iBankCoin.com (which has been zealously pro-Bitcoin, for the most part):
Let’s review the extent of the carnage inside of the dark, cavernous catacombs of the ICO world — a place where outright scam artists get rich by tricking people into believing their ‘coin’ will make them rich. This has never been about preserving value, supplanting fiat, but promoting a bubble that is backed by venture capitalists. Continue reading
When trading gold bullion, the price is usually governed by the “Spot Gold Price“. This is the explicit value at which an ounce of gold is selling for on the “over the counter” market at any given point in time.
Just like shares, the gold spot price changes minute-to-minute, hour-to-hour as supply and demand fluctuate. The gold spot price, also known as the “gold current price” can be affected by other influences, such as economic uncertainty, war or any other factor which encourages investors to convert their funds into physical commodities. Continue reading
“BEWARE of a broker with a silver tongue!” ~ Jeffrey Bennett, Publisher
Brokers and traders will show you, “turn your gold into wealth”, “put it to productive use, Trade It”! “Sell your gold and buy it again, many times”. “Do this and find the value lost from your youth”!
But I say, spend your time in the company of truly wealthy ones, see how they make gold lie very still! Know this now, the world will again, in your time, feel value in gold as never before. And that value will be as the “productive use of holding wealth thru the fire of change”. “Yes, you can also walk in the footsteps of giants”.
“The economic game is ending! Watch closely as the world currencies and markets fall one by one. Watch in absolute wonder as the demand for oil plunges and its price goes thru the roof. Yes, oil stocks will crash with the markets. And gold? You will never know its price. It will stop all trading as it slices thru $10,000+.” Continue reading
Interest in Bitcoin is red hot at the moment. It’s impossible to open a website, listen to a podcast, or watch a video in the financial space without hearing about the meteoric rise in the price of Bitcoin.
Maybe you know a ‘Bitcoin millionaire’ who bought five hundred Bitcoins a few years back for $50,000 and is now sitting on a Bitcoin fortune. It’s true, those people actually do exist.
Yet the crypto-hysteria is distracting you from a scary truth no one is talking about. There is every indication that governments, regulators, tax authorities, and the global elite are moving in for the crypto-kill. Continue reading
Visa recently unveiled its own offensive in the war on cash. Visa is offering certain merchants a $10,000 reward if they refuse to accept cash in the future.
Not surprisingly, Visa’s competitor is also part of the war on cash. Mastercard is increasing its efforts to encourage merchants to refuse cash. Here’s Bloomberg, quoting the CEO of Mastercard:
“Mastercard Chief Executive Officer Ajay Banga has been one of the most ardent supporters of ditching paper currency in the U.S. The 57-year-old first declared his war on cash in 2010.”
Strategist alarmed by frequency of technical pattern in recent days
The Hindenburg airship flies over Manhattan in one of its last journeys..
The dreaded Hindenburg Omen is back.
Named for the German airship that met its demise in a fiery crash 80 years ago, the appearance of this technical pattern sometimes portends a stock-market crash. Continue reading
“You can’t be for big government, big taxes and big bureaucracy and still be for the little guy.” ~ Ronald Reagan
“An unlimited power to tax involves, necessarily, a power to destroy; because there is a limit beyond which no institution and no property can bear taxation.” ~ John Marshall (1819)
The regulatory cuts ordered by President Donald Trump are already saving consumers billions of dollars. His next objective is tax cuts.
After deliberating about “tax reform” for the last six months, the GOP’s congressional leaders announced last week that they had reached broad agreement with the Trump administration on common principles and goals for tax reform measures that they aim to implement by year’s end.
Of course, Democrats quickly responded with a letter to Trump ostensibly expressing their “interest in working with [the GOP] on bipartisan tax reform,” but playing their class-warfare card: “Tax reform cannot be a cover story for delivering tax cuts to the wealthiest.”
The following is a transcript of an interview requested by a gold-friendly hedge fund.
Question: Professor Fekete, you are known as a staunch advocate of a return to the gold standard. But mainstream economists are saying a gold standard is not practicable and they are fighting the idea with everything they have. How do you answer their criticism?
Prof. Antal E. Fekete
Answer: To say that the gold standard is not practicable is the same to say that honesty is not practicable, and Constitutions are made to be blithely ignored when convenient. The American Constitution, for example, mandates a metallic monetary standard for the United States in the clearest possible language. Opponents of the gold standard have never been able to muster up the moral fortitude to amend the Constitution so as to formalize the abolishing of the gold standard. Yet in 1933 president Roosevelt confiscated the gold of the citizens, gave them irredeemable paper in exchange, and proceeded to write up the value of gold in terms of the paper by 75 per cent. Might makes right: if you cannot do it fairly and legally, then you can use the strong arm of the government to do it through chicanery, backed by the constabulary and the jail cell. Continue reading
It’s been a while, years in fact, but suddenly it’s gold’s time to shine again.
Gold: A primary building block of the “cockroach” portfolio. AFP/Getty Images
The yellow metal – insurance against systemic collapse, hyperinflation and infinite political stupidity – which in recent years has seen its popularity fade as the younger generation has gravitated toward the far faster moving crypto currencies – is once again back in the spotlight.
As UBS’ strategist Joni Teves, who has been recommending the precious metal for a long time despite the BOJ’s relentless suppression, writes “gold bounces from recent lows in line with other safe havens amid risk-off sentiment across markets following geopolitical headlines over the past 24 hours.” Below are the key considerations from today’s UBS note: Continue reading
Your questions on precious metals answered…
We start with two questions:
1. Why do some people say gold is money?
2. Should we believe those who say gold is useless and should therefore be ignored?
To help answer these questions, let’s turn to a tale of cigarettes and German prisoner-of-war camps. Continue reading
This week the International Monetary Fund shocked some economic analysts with an announcement that America was “no longer first in the world” as a major economic growth engine. This stinging assertion falls exactly in line with the narrative out of the latest G20 summit; that the U.S. is fading away leaving the door open for countries like Germany and China to join forces and fill the power void. I wrote about this rising relationship between these two nations as well as the ongoing controlled demolition of America’s economy in my article ‘The New World Order Will Begin With Germany And China‘. Continue reading
Since I have never been a user of ATM’s, debit cards, on-line banking, and minimal use of a credit card I can’t imagine being told that my credit card or ATM account is denied. I’ve been with folks who have had that happen – they go to pay with their card and are told it has been denied.
Whatcha gonna do when you think you have a certain amount of ‘digits’ in your *account* but are told that it is EMPTY. I am not sure what I will do when they stop letting me use those FAUX dollars I call cash. That time is coming closer each day – I’ve read of many businesses that now will not accept CASH. ~ Jackie Juntti
The Future of Money
Not since the arrival of the almighty dollar has currency been poised for a more dramatic leap forward.
There was a time when people happily used chickens, pigs, or a nice pile of lumber as payment for a cow, some clothes, or anything else of value. And then some smart people got behind a breakthrough—they introduced currency.
‘BARTER” – F.S. Church, published in Harper’s Weekly, January 17, 1874, p. 61
I’ve talked to a lot of people about why it’s important to own gold and silver, yet I find that most people don’t fully grasp why. Many of the opponents to owning precious metals for preparedness reasons often cite that because they can’t eat it, it’s worthless as a prep.
First, let me just get it out there that I don’t advocate buying precious metals if you aren’t prepared in the other areas, namely food, water, cooking, shelter, defense and so on. Gold and silver aren’t going to do much for you if you’re not prepared to meet the basic needs of your family during a disaster or crisis event. Continue reading
“Rejoice in the Lord, always. I will say it again: rejoice! Let your gentleness be evident to all. The Lord is near. Do not be anxious about anything, but in every situation, by prayer and petition, with thanksgiving, give your concerns to God. And the peace of the Lord, which surpasses all understanding, will guard your hearts and your minds. in Christ Jesus.” ~ Phil 4:4-7
I do believe that the queen and I are in the endgame now. She requires constant watching and care, and I rarely leave her side. I have been dealing with the short term emergencies and gathering the facts and resources together for next steps, as the situation calls out in its own good time. As anyone who has been involved in this sort of thing knows, it can drag on for much longer than one might expect — in the manner of the Fed’s serial asset bubbles achieved through top down stimulus.
There is a kind of a peacefulness amidst all this turmoil that at times seems almost beautiful. And, even when things get very bad, there are God’s tender mercies, if we can but keep our hearts and eyes open for them. (Read complete column at Dr. Kelley’s Victory Over Cancer)