Long term holders of gold have a different perspective of the world. They are not believers in instant gratification. Nor do they believe that a world based on money printing and debt can create sustainable wealth. They also know that the socialism which has spread like a plague in the Western world – only works until you run out of other people’s money. Continue reading
The Looting Bankers
The dictatorship of the bankers and their debt-money system are not limited to one country, but exist in every country in the world. They are working to keep their control tight, since one country freeing itself from this dictatorship and issuing its own interest and debt-free currency, setting the example of what an honest system could be, would be enough to bring about the worldwide collapse of the bankers’ swindling debt-money system. Continue reading
My grandson had quite a day at school. He had learned that the economy had been suffering from things called Panics, capital P, during the 19th century and had another big one in the early 20th century. He had been told that responsible, public-spirited men like J. P. Morgan had organized a central bank to prevent those Panics. He and other bankers finally got the government to go along with their idea and pass it into law in late 1913. And wouldn’t you know it — we’ve had no more Panics since then. Continue reading
A mysterious birth
Where do potatoes come from?
— From the farmer’s field.
Where are little calves born?
— In the stable.
Where do plums come from?
— From the plum tree.
Everyone knows this…
But now ask the same question about money… Continue reading
The bankers go to work to start the Civil War.
With the Central Bank killed off, fractional reserve banking moved like a virus through numerous state chartered banks instead causing the instability this form of economics thrives on. When people lose their homes someone else wins them for a fraction of their worth. Depression is good news to the lender; but war causes even more debt and dependency than anything else, so if the money-changers couldn’t have their Central Bank with a license to print money, a war it would have to be. We can see from this quote of the then chancellor of Germany that slavery was not the only cause for the American Civil War. “The division of the United States into federations of equal force was decided long before the Civil War by the high financial powers of Europe. These bankers were afraid that the United States if they remained as one block would attain economic and financial independence which would upset their financial domination over the world.” ~ Otto von Bismark, the Chancellor of Germany, who united the German states.
On the 12th of April 1861 this economic war began. (Continue to full story)
As I was shuffling papers in some old files, I came across a slip of paper on which I had written down the price I had paid for a Mexican $50 gold peso coin: $717 Mexican pesos.
Judging from the price, I figure that the purchase was made sometime in 1972, when the price of a Troy ounce of gold was $46 dollars. The Mexican $50 gold peso coin contains 37.5 grams of pure gold, and 37.5/31.1 grams per Troy ounce, is 1.206: so there is 1.206 times more gold in a Mexican $50 gold peso piece, that in a Troy ounce of gold. Continue reading
Wall Street stocks have officially ended their worst year since the 2008 financial crisis.
2018 has set a record for the worst year for stocks in a decade, following a late-season collapse that’s likely to roll into 2019.
Major U.S. indexes ended the year making modest gains but still in the red on Monday with the S&P 500 down 6.2 percent, the Dow Jones Industrial Average 5.6 percent, and the Nasdaq down 4 percent. Continue reading