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Why Marx Loved Central Banks

In his “Manifesto of the Communist Party” (1848), published together with Frederick Engels, Karl Marx calls for “measures” — by which he means “despotic inroads on the rights of property” –, which would be “unavoidable as a means of entirely revolutionising the mode of production,” that is, bringing about socialism-communism. Marx’s measure number five reads: “Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.” This is a rather perspicacious postulation, especially as at the time when Marx formulated it, precious metals — gold and silver in particular — served as money. Continue reading

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Money Imperialism

Introduction to the German Edition

In theory, the global financial system is supposed to help every country gain. Mainstream teaching of international finance, trade and “foreign aid” (defined simply as any government credit) depicts an almost utopian system uplifting all countries, not stripping their assets and imposing austerity. The reality since World War I is that the United States has taken the lead in shaping the international financial system to promote gains for its own bankers, farm exporters, its oil and gas sector, and buyers of foreign resources – and most of all, to collect on debts owed to it. Continue reading

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Smith: End of the Line

The economy has surpassed all normal ebbs and flows, corrections, by approximately five years, since on average in each past cycle it rose for 56 months before collapsing. We’re about four and a half years past that point and our economy is only now “cooling”. We’re just about due for another economic recession, if not a collapse that makes 2008 look small. We’re at the end of the line. ~ Justin O Smith

The U.S. spends almost a third of its revenue on interest payments alone, it doesn’t seem like it can afford to pay much more.

The national debt, ever on the rise, currently sits at around $22 trillion. Continue reading

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Dateline: February 5, 2019

The Coming Pension Fund Disaster
Get ready for a new era of precious metals investor. That’s correct. Up until now, the primary buyer of gold and silver have been the older generation, 40-65+, but that will all change when the next financial crisis hits. The Millennials, or those in the 23-38 age group, have participated less in the stock market…… (Continue to full article)

Central Bank Gold Purchases Hit A Record In 2018
Official gold purchases reached a new record in 2018 as central banks continued to diversify away from the U.S. Dollar. Not only was 2018 a banner year for central bank gold purchases, but it was also the highest amount for more than five decades. Central banks haven’t bought this much gold in one year since…… (Continue to full article)

The next recession will sweep the Socialists into power
We’re overdue for a recession and the socialist are already waiting in the wings to seize power… (Continue to full article)

World’s Biggest Pension Fund Suffers Record Collapse In Q4
“We can’t be optimistic about the investment performance toward March.” “There’s no need to be pessimistic just because GPIF would incur loss on its investment on a quarterly basis,”
… (Continue to full article)

A Bull Market To Eclipse All Bull Markets: When Gold Takes-Out $1400 It Probably Won’t Look Back
only will gold spike higher, but there will be little opportunity to buy gold on dips or pullbacks (spoiler alert: because there may not be any)…… (Continue to full article)

Fed Crumbles and Seals the Dollar’s Fate
The Fed didn’t just fold last Wednesday, it crumpled, capitulated. A long time ago we had figured out that when push came to shove, this is what it would do. However, we thought that it would take a market crash to force it to change course, in order that it could use that as solid justification for a U-turn, instead of which it only took a crashlet, or the start of a crash… (Continue to full article)

De Gaulle Convinced No US Gold Left
Could THIS be the real reason Nixon closed the window – to keep these accusations hidden? Gold Reserves are supposed to be just what they are called, Reserves to back the currency and the stability of the country. In spite of that many countries like the USA, UK and Switzerland have reduced their reserves significantly. Switzerland and the UK sold most of their gold at rock bottom prices at the end of the 1990s. The US had 20,000 tonnes at the end of the 1950s but then sold 12,000 tonnes between 1958 and 1971. Looking at the chart below, the US stopped selling gold after Nixon had closed the gold window in August 1971. One might ask if they have actually stopped selling or if they have just stopped reporting the sales… (Continue to full article)

Crypto exchange customers can’t access $190 million after CEO dies with sole password
customers of Canadian crypto exchange QuadrigaCX wish its founder, Gerald Cotten, had ignored this advice. Cotten, who reportedly died in December 2018, took with him a costly piece of information — the password to access the customers’ digital currency, which is being held in cold storage. Cold storage is where a holder of crypto assets — in this case, the exchange — keeps the coins offline, or not on a computer or server. While cold storage mitigates the risk of a hack, access to the coins often requires passwords and encrypted codes for the devices that are holding the cryptocurrency. And now the debacle has hit the courts… (Continue to full article)

Life, Liberty & All That Jazz is heard at 1:00 p.m. (Eastern Time) each Tuesday, Thursday and Friday on The Micro Effect. Topics covered will include Cancer and other Health related issues (To Health With You airs Wednesday at 11:00 a.m. Eastern Time for two hours), the debacle in our public education system, Economics and how they affect us all and other issues.

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

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Deadline ~ February 4, 2019


Mexico is starting to look like Venezuela
The storybook example of what happens to a country gripped by corrupt socialism. So they all want to come to Estados Unidos and hook up with Cortez from New Yawk and turn the US into Mexico, or Venezuela or… (Continue to full article)

PG&E To File Bankruptcy Within Hours; Joins Lehman And WorldCom In Tragic Ranking
When it files for bankruptcy some time in the next 12 hours, PG&E will become the third largest IG default since 1999, behind Lehman and Worldcom, with $17.5bn of index eligible debt. And then they will get off Scott Free for the damages and losses due to the California fires. Where in the Hell is Brockovitch??? (Continue to full article)

Ten Factors To Look For In Gold In 2019
Gold is massively under-owned in the west…Better get your’s NOW while the getting is good. It’s over $1,300 an ounce as we speak… (Continue to full article)

Protecting Your Wealth is heard at 3:00 p.m. (Eastern Time), on Tuesday and Thursday on Republic Broadcasting Network. Jeffrey Bennett, host of the program will be sharing over 60 years of his personal experience in the precious metals markets, in addition to educational commentary regarding YOUR financial health and welfare.

Arizona Legislator Proposes Securing State Reserves with Gold and Silver
An Arizona legislator has put forward a bill to de-risk the state’s financial holdings with a modest allocation to physical gold and silver in the state’s reserve fund. Introduced by Representative Mark Finchem (R-Tucson), the Arizona Sound Money Stabilization Act (HB 2500) requires that at least 10% of Arizona’s Budget Stabilization Fund be held in the monetary metals in a secure depository… (Continue to full article)

Wyoming Legislators Want State to De-Risk Investments by Holding Gold and Silver
A group of Wyoming legislators have introduced three bills to de-risk the state’s financial holdings with modest allocations to physical gold and silver in the state’s pension fund, reserve fund, and mineral trust fund… (Continue to full article)

Gold Breaks Through $1,300, Set to Push Higher in 2019

The gold price finally pierced resistance at $1,300 on Friday, hitting a 7-month high! Why is this important? The $1,300 level has been pesky resistance roughly 12 times over the past 3 to 4 years. A definitive move above this price is a bullish signal that could create a little FOMO (fear of missing out) in the gold market.It is a psychological price…… (Continue to full article)

Collapse Is Already Here

Many people are expecting some degree of approaching collapse — be it economic, environmental and/or societal — thinking that they’ll recognize the danger signs in time. As if it will be completely obvious, like a Hollywood blockbuster. Complete with clear warnings from scientists, politicians and the media. And everyone can then get busy either… (Continue to full article)

In 2019 the investment world will start to realize that asset markets don’t grow to heaven as stocks, bonds and property start their long journey down which will eventually lead to declines of 75% to 95% in real terms. But the major risk is not just investment markets. Just as important is counterparty risk which too few investors are concerned about. Anyone who wants to protect their wealth should not be invested in any of the bubble asset ma… (Continue to full article)

Life, Liberty & All That Jazz may be heard at 1:00 p.m. (Eastern Time) each Tuesday, Thursday and Friday on The Micro Effect. Topics covered will those of an economic nature, in addition to Health, the debacle in our public education system, and other issues.

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

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Let’s get to the kiddies…

Yes – it’s right on the back of a box of Honey Nut Cheerios!

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A Message for Trump: Expanded and Clarified as of January 23, 2019

Mr. President Trump, Sir: you are working tirelessly, against tremendous odds, to carry out your mission in life, which is to “Make America Great Again”.

I propose to you a measure fully in accord with your vision of a great, united nation of America, working for prosperity; a measure that conveys a fundamental message of inspiration for the American people. The greatness of a nation flowers when its moral stature is elevated, and such is the object of the measure that I suggest to you. Continue reading

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I wonder if all the newsletter folks…Bix, David “Silver Gorilla” Morgan, Jim “Golden Asshole” Wiley, Lynette Zang and the rest…throw big parties at the end of the year…to count their newsletter money (green paper, fiat money) and have a good laugh at us PM investors and what suckers we are for listening to them. Some of them might compete to see who can come up with the most outrageous prediction that we suckers will believe.

Biz to his pals; “Hey Lynette and you too, Silver Gorilla. Check it out. Next week I’m going to predict that aliens will invade us from mars, and force us back on to a BTC crypto standard. And the aliens will get drunk on Jack and crash a space ship into the White House… at which point, silver will shoot up to 750,000 grand an ounce. hahahahaha.” ~ Silver Burner

The above is what I have been telling my listeners and customers for many years. STOP listening to the newsletter salesmen and women. Use your common sense and maintain your privacy. STOP listening to and reading these phony promises – or you’ll wind up with ‘Beavis and Butthead‘ syndrome. Do you get it – Cornholio? Heed the warnings. ~ JB.

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