[Most Recent Quotes from www.kitco.com]

The Role of Gold in Your Portfolio

Physical gold is money in the most pure and basic form. It will stand when everything else (paper) falls. Not only will it still be standing, it will be standing tall because of fear and panic.

The ripple effect of consequences from insane levels of counterparty risk that exist in today’s financial world will bring people to their knees as we witness the greatest wealth transfer of all time.

Today, an ounce of gold can still buy a quality man’s suit and all the trimmings. This tells us that gold, not the dollar, has held its purchasing power. Since 2013, it’s getting worse for the dollar and better for gold. Continue reading

Nine Steps To the Abyss

…I think this autumn will be the autumn of market turmoil and shock. Over extended stock global-financial-crisismarkets seem ready for major falls. Same with the dollar, the world’s reserve currency, only backed by gigantic debts. Property markets worldwide will first freeze and then fall hard. Central banks will try to hold interest rates down but will eventually fail, leading to major falls in bond markets. It is very clear to me that the time for change is now very near…so, at least for those who are forewarned, they can take some preventive actions [or, at the very least, such] …knowledge of major changes in the world should probably ease the shock.

…I do realise that bearers of bad news are unpopular figures. If they are right, nobody will thank them and many people will blame them. If they are wrong they will be ridiculed but, as most readers know, I am not here to be a prophet of doom and gloom. No, my purpose is just to tell things as I see them and to warn people about the massive risks that the world is now facing. For the privileged few who have assets to protect or the ability to move to a safer place, now is the time to seriously consider this… Continue reading

The Amount Of Dollars In Existence Relative To The Silver Price Points To Much Higher Prices

Silver is currently trading around $17 an ounce. This is around 34% of its 1980 all-time high of $50. However, this is an incomplete representation of what silver is really trading at, relative to US dollars. When you look at the silver price, relative to US currency (the amount of actual US dollars) in existence, then it is at its lowest value it has ever been.

The US monetary base basically reflects the total amount of US currency issued. Originally, the monetary base is supposed to be backed by gold available at the Treasury or Federal Reserve to redeem the said currency issued by the Federal Reserve. This is not the case any more, therefore, the amount of dollars have grown exponentially over the years. Continue reading

The Social Security Scam – Three to Draw To…

PART I: Over $6 Million in SS Benefits Stolen From Bank Accounts

SSA’s direct deposit program struggles with fraud

Identity thieves stole over $6 million in Social Security benefits by hacking the government’s online direct deposit program, an agency watchdog reported.

The Social Security Administration’s inspector general released an audit finding the agency’s “my Social Security” program has put roughly $11 million in benefits into the wrong bank accounts.

My Social Security was created in 2012 and allows beneficiaries to set up direct deposit accounts for their retirement and disability payments. Identity thieves soon began abusing the system. Continue reading

Why Elites Are Winning the War on Cash – and More

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.”
Continue reading

August 21, 2015: The Total Eclipse…


Gold Coins Have Been South Africa’s Best Investment For 50 Years
In the 50 years since the first Krugerrand was minted in South Africa, the gold coins have turned out to be one of the best investments in the country… (Continue to full article)

Share Prices Are At Unprecedented Levels, This Is Not A Time To Add Risk
We do not believe this is an appropriate time to add to risk. Share prices have in many cases risen to unprecedented levels at a time when economic growth is by no means assured. Geopolitical problems remain widespread and are proving increasingly difficult to resolve.” – Lord Jacob Rothschild (Continue to full article)

‘There Is No Cure for this Disease…’
In 1934, through the Gold Reserve Act, President Roosevelt devalued the dollar from $20.67 dollars per ounce, to $35 dollars per ounce. The devaluation was excessive, meaning that at $35 dollars per ounce, the world considered that it would rather own American dollars – as undervalued – rather than gold; for this reason, and because of fears regarding… (Continue to full article)

Debt, Dollars, DOW, War, Silver, and Shirts
Yes, they are connected. Dollars are created as debt. More dollars in circulation = more debt. More debt means consumption is “pulled forward” from the future so consumption can occur now. This usually ends badly. Commercial banks and central banks have created trillions of new dollars. Each new dollar devalues every other dollar currently in circulation,… (Continue to full article)

Investment Advice in Four Words: Have Patience, Avoid Bubbles
A relations manager for Ted Thomas reached out last week and asked: “What is your most valuable advice to people who are beginner investors so that they can get great results in the long term?” The answer form had no formatting options. Here is a detailed response, with links. Have Patience, Avoid Bubbles. The TINA theory (there is no alternative other… (Continue to full article)

A Midsummer Night’s Dream: Buy Precious Metals
Each year since 1987, I have always used the final two weeks of the month of August as a shopping period in a manner not unlike the “Back-to-School” kind only the wares I seek are junior precious metals stocks as opposed to school uniforms, pens, and books. It began after I had been speaking with one of the finest brokers I had ever had the opportunity… (Continue to full article)

Our Deceased Monetary Bloodstream
The history of the dollar boasts two Waterloo’s. The first one was in 1933. That year marks the default of the U.S. government on its domestic gold obligations, accompanied by the confiscation of the people’s gold by F.D. Roosevelt. He appealed to patriotism saying that in complying with his Executive Order people were saving the country from economic… Continue to full article

The Insecurity Of Social Security
According to the June 2017 snapshot from the Social Security Administration, nearly 61.5 million people were receiving a monthly benefit check, of which 68.2% were retired workers. Of these 41.9 million retirees, more than 60% count on their Social Security to be a primary source of income. Of course, that dependency ratio is directly tied to financial insolvency of the vast majority of Americans.. (Continue to full article)

When The Grid Goes Down…
Let’s just say that the unthinkable becomes the real and happening. Let’s take this article and go over it. This will be a segment in three parts, the next ones being immediate actions taken at work and at home. I’m hitting on traveling first, as there are so many vacationers jaunting around happily over the landscape. All kidding aside, traffic is congested during the summer, extending traveling time on the commutes. Let’s game the scenario, and here it is… (Continue to full article)

The Greenback – 1860 to 1880 – The United States of America
In spite of a constitutional bar to un-backed paper money which existed at the time Abraham Lincoln was forced, in 1862, to issue the first tranche of what was eventually $450,000,000 of “greenbacks” needed to finance the North’s efforts during the civil war. The greenback was a credit note. Unlike America’s extant currency it conferred no right of redemption into gold. What it did do was offer a promise that at some unspecified future date the issuer – Lincoln’s government – would honour them with conversion back into a truly gold convertible currency. Clearly this was an unfunded promise based on the outcome of the war, a fact which was not lost on the population… (Continue to full article)

Life, Liberty & All That Jazz is aired at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340


Over the last 150 years, the West has gone from human slavery to debt slavery. Slavery was officially outlawed in most countries between the mid 1800s and early 1900s. In the British Empire, it was abolished in 1834 and in the US in 1865 with the 13th amendment.

But it didn’t take long for a different and much more subtle form of slavery to be introduced. It started officially in 1913 with the creation of the Federal Reserve Bank in New York. More than 100 years before that, the German banker Mayer Amschel Rotschild had stated: “Give me control of a nation’s money and I care not who makes its laws.” The bankers who gathered on Jekyll island in November 1910 were totally aware of the importance of controlling the country’s money and that was the objective of their infamous secret meeting which laid the foundations to the Fed. The Fed is officially the Central Bank of the USA but it is a private bank, owned by private banks and for the benefit of private banks and bankers. Continue reading

Bad news for the stock market: The Hindenburg Omen is back

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

The Federal Reserve Is Destroying America

…and wait until you hear what they’re getting away with now!

Perhaps I should start with a disclaimer of sorts. Yes, I realize that the people working at the Federal Reserve, as well as the other central banks around the world, are just people. Like the rest of us, they have egos, fears, worries, hopes, and dreams. I’m sure pretty much all of them go home each night believing they are basically good and caring individuals, doing important work.

But they’re destroying America. They might have good intentions, but they are working with bad models. Ones that lead to truly horrible outcomes.

One of the chief failings of central banks is that they are slaves to an impossible idea; the notion that humans are free to pursue perpetual exponential economic growth on a finite planet. To be more specific: central banks are actually in the business of promoting perpetual exponential growth of debt. Continue reading

August 15, 1971: Inflation Unleashed

The general public, the media and most financial observers were largely unaware of the momentous event that took place on August 15, 1971. However, the implications of that event have had an enormous impact on global financial conditions ever since. On that date, US President Richard Nixon “closed the gold window”. In essence, this meant the US would no longer honour the Bretton Woods Agreement of 1944, which made the US dollar the world’s reserve currency, and allowed other countries to convert their US-dollar holdings into gold. In simple terms, the US defaulted. Those who may have glanced at the announcement buried within the pages of their daily newspaper were unlikely to have understood the implications for their financial future. Continue reading

Dateline: August 15, 2017


Margin Debt Sets New Peaks: Warning Sign
According to the latest data from the New York Stock Exchange, margin debt has hit new peaks four times this year, starting with a new record of $513 billion in January; $528 billion in February; $536.9 billion in March; and reaching a whopping $549 billion in April. The most recent reading for June shows a decline to $539 billion – but that is still an increase of 64 percent from the margin level of January 2008, the year of the epic financial crash on Wall Street.

Spiraling margin debt, where investors pledge securities at their brokerage firm to obtain a loan, typically to buy more securities, is frequently associated with stock market crashes… (Continue to full article)

JC Penney Becomes a Penny Stock
But JC Penney is not alone. Other mall anchor tenants such as Sears and Macy’s have plummeted over the past two years as Amazon’s on-line grip takes further hold. I included car rental giant Hertz (blue line) for comparison. They are all a pale image of their former selves in terms of earnings and stock price. A Penney for your thoughts??? (Continue to full article)

LIBOR Is a Fictitious Fraud and What That Means
The casual news reader will see the term “LIBOR” and assume this is just a postgame wrapup to the LIBOR scandal of a few years back, in which may of the world’s biggest banks were caught manipulating interest rates. It isn’t. This is a new story, featuring twin bombshells from a leading regulator – one about our past, the other our future. To wit… (Continue to full article)

Another Wells Fargo Customer Abuse Scandal Coming
Once again… circle the wagons and defend yourselves – the boys in the black hats are coming for your pocket-books… (Continue to full article)

We’ll Meet Again

“Many people think of our times as being the last before the end of the world. The evidence of horror all around us makes this seem possible.

But isn’t that an idea of only minor importance? Doesn’t every human being, no matter which era he lives in, always have to reckon with being accountable to God at any moment? Can I know whether I’ll be alive tomorrow morning?

A bomb could destroy all of us tonight. And then my guilt would not be one bit less than if I perished together with the earth and the stars.” ~ Sophie Scholl, Munich, 1942

Gold Set To Rise While Debt-Based Assets Collapse
I have shown how economic conditions, today, appear very similar to that of the early 80s (circa 1983). These similar conditions show up on the long-term gold and Dow charts, as shown in that article.Now, if those similarities continue, then the Dow will continue much higher from this point on, while gold will go into a long-term… (Continue to full article)

British Treasure Hunters Discover Nazi Shipwreck Loaded With Gold Worth £100 Million
SS Minden set sail from Banco Germanico in Brazil to Germany, when it sank 120 miles southeast of Iceland on September 24, 1939, shortly after World War II began. When word got to Fuhrer Adolf Hitler that two British cruisers had spotted the ship carrying the treasure, he ordered the captain of the SS Minden to sink the ship in order to avoid the British seizing the precious metal… (Continue to full article)

Cryptocurrencies – The Next Level of Power and Control Developed by The NSA
In November 2013 we learned that bitcoin was built on technology the NSA had developed. The original source was deleted from an interview conducted that month and, unfortunately, is now lost to history – it doesn’t change the facts. Now we learn that information was 100% spot on correct. The NSA developed blockchain technology and released the information in a white paper that has been uncovered by Ken Schortgen, Jr., The Daily Economist. This confirms what has been reported by very few people… Continue to full article

The Risk That’s Growing Once Again in the Housing Market
Homebuyers are increasingly opting to put less money down when purchasing their homes, increasing their risk should the housing market, and specifically home prices, falter yet again. When home prices crashed in the last decade, millions of borrowers fell underwater on their home loans, prompting a foreclosure crisis of epic proportions. It all begs the question, could it happen again?… (Continue to full article)

Should Gold Be Legal Tender? Behind the Push to Revive an Ancient Standard
By the end of the year, Texas plans to open the nation’s first state-supervised gold and silver depository, allowing ordinary Texans, as well as businesses, banks and others, to store their precious… (Continue to full article)

A Direct Comparison Between Gold, Silver, Platinum and Copper
Here’s an updated analysis of physical gold, silver, platinum and copper regarding their respective versatility of use, durability, fungibility, store of value, liquidity and aesthetics… (Continue to full article)

Used Car Prices Crash To Lowest Level Since 2009 Amid Glut Of Off-Lease Supply
The U.S. auto market is at an interesting crossroads with used car prices crashing to new lows every month while new car prices continue to defy gravity courtesy of a somewhat ‘frothy’, if not suicidal, lending market that has seemingly decided that anyone with a pulse is financially qualified for a $0 down, 0% interest, 80 month loan on a brand new $40,000 luxury vehicle of their choice… (Continue to full article)

Life, Liberty & All That Jazz is now heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

KM PM_bnr_11.14

Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340

Tax Reduction and Simplification — How to Defeat the Demos

“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.”
Continue reading

Does The Vatican Hold A Mortmain – Mortgage Over “Your” Nation State

~ Forewards ~
Since the early 70s I have had an avid interest in financial carrying-ons of “big money” around the world. Periodically, you hear mention of various organizations, many of whom have three initials for a name, who have all the power and control the world. Only some of this is BS. Unfortunately, this is a train of financial command that goes back to the days of Nebuchadnezzar in Babylon. Truly if you control a nation’s money through a stranglehold on loans and interest rates then as long as you are out of the physical arm’s reach of the king or other leaders you are the one in power. ~ J. Pickelsimer

The Fed gets its orders from the Queen Mum of All Banks, the Bank of England – aka, the Bank of Rothschild.

Considered by many to be the world’s most powerful institution – the power behind all presidencies, dictatorships and thrones – does the Bank of England answer to any other bank? Well, yes, actually. The Bank of Rome began opening branch offices in Venice in 1587. Bank of Rome = Vatican Bank controlled by the Jesuit General, aka the “Black” (hidden, shadowy) Pope. The Jesuit’s Bank of Rome opened its Bank of England branch in 1694. Continue reading

Does the Fed Really Have 6,200 Tons of Gold in a Manhattan Vault?

With limited inventory information available, skeptics abound.

In the James Bond movie Goldfinger, the title villain targets the gold reserves at Fort Knox. Maybe he should’ve had his sights set on the Big Apple.

According to the Wall Street Journal, the Federal Reserve vault, which lies 80 feet below 33 Liberty Street in Lower Manhattan and is further protected by armed guards, contains 6,200 tons of gold worth between $240 billion and $260 billion. (Goldfinger wouldn’t have had any issue keeping Pussy Galore on his side with that type of haul.)

But skeptics abound, given the little inventory information available about the vault’s contents—and the overall lack of information the Fed itself has released about it. Said former Fed chairman Alan Greenspan to the Journal: “When you deposit your funds in a bank, should that bank make your account balances available to whomever asks?Continue reading