Maybe one needs to understand all the financial markets are nothing more than a charade, a casino where the house permits some winning just to keep the suckers interested. We have been so conditioned to believe the only ways to grow and preserve wealth is residential property and the share market. Both fuelled by debt and credit. A simple life, physical metals, patience and the urge and action taken to be as self sufficient as possible is not a bad thing. It means unlearning the fallacies programmed into our mind. And never forget real wealth can only be created by growing stuff, mining stuff and making stuff. Everything else is just moving existing wealth around or stealing it from those who actually create it.
Few humans have ever understood 'value'. I've run experiments, asking people about Wealth; Very few can define value outside the boundaries of Fiat Currency? Even here we see people who can't value precious metals except in terms of $US???
"Investment" is for Security! All else is Speculation to acquire more Dollars.....How much are Dollars worth tomorrow?
In this context, it's rather interesting to read Alan Greenspan’s 1966 essay, "Gold & Economic Freedom," originally published in Ayn Rand’s "The Objectivist" newsletter, arguing that gold and economic freedom are inseparable because the gold standard serves as a vital instrument of laissez-faire economics. Greenspan contended that government interventionists oppose gold because it limits their ability to expand credit and confiscate wealth through inflation.
Oh yes , he knew alright , he was corrupted by money and glamour , he was a strange looking man full of Jewish DNA in the most unfortunate combination . I recall reading he was invited to dinner at MERRYL STREET,S NEW YORK town house with a list of celebrities also invited that would shock any normal human being, his actions and decisions seemed to change from around that point on I think he was starstruck and corrupted re LA DOCE VITA the only reason he lived so long ,in my opinion was that he was hoping to make amends for his betrayal
Central bankers are too lame to call out loose and reckless unsound fiscal policies because they are spineless and conflicted. Spend spend spend wins you votes and tenure in government. Today - it’s also counter party and geopolitical risk that the Fed can’t control. The world is waking up to it all thanks to you David and others preaching out.
Great piece of work! The quotes and analysis are...well...gold!
An interesting timeline around this is:
A) as meticulously researched by Alasdair MacLeod the Peoples Bank of China was appointed in 1983 to manage Chinese acquisition of gold and silver. Smack bang in between the high inflation of the 1970s and the establishment of the BoE "gold fix" which you have covered in some detail.
C) Then in the 1990s the UK sold off its gold at rock bottom prices.
D) There is credible speculation that the USA holds little if any of the 8000 odd tonnes it was said to hold prior to 1971
E) Dr Richard Werner has done interesting analysis on China (as well as Japan of course via the Princes of the Yen). That analysis shows key international financiers involved in the Chinese economic "miracle"
So the question arises "Were all these events co-ordinated to move the gold from the western banking system to the East?"🤔
David , you have not posted to your subscribers your recent interview with Elijah Johnson from Liberty Finance , I thought it was a FANTASTIC interview and you insights were so on point ,I congratulate you on it and I would of liked to comment and discuss your thoughts with other subscribers , you are fast becoming a leader in the contrarian space and so you should be respected as such
The USA have just scored a second goal against Bosnia , well done with only 10 men .There is a reason they call gold GOD'S MONEY it is because man cannot replicate it , same as silver and it acts as a warning while men of bad intent try and defraud the people , that is why these people have to denigrate gold so they can commit their crimes and fill their pockets , they are traitors to the American people many of them are not Americans and care nothing for Americans , however they will be cheering on team USA as their team never made into the finals
Man cannot replicate it? People often advocate gold as an inflation hedge by saying "They can't print gold;" but wasn't the whole point of what Dr Jensen writes about ("‘promissory note’ unallocated gold and silver cash/spot metal contracts, that did not need to have metal backing to be created or traded, allowing ‘metal’ to be created without limit and sold into the London market") that they could, in effect, print/replicate gold - albeit fake/paper/non-existent metal?
",,,,City of London manipulating investor perception."
Thanks David.
Almost could have stopped the article here!
Wisdom of the ages is mostly wasted on the young. There are so many signals/noise attacking people they seemingly absorb the loudest messages.
I spoke to a relative last year, now in his late 20's, about metals and their importance IF one has the funds to invest, and he was all in for crypto. He is savvy and made some Big Gains over the last few years. Even his now deceased Poppa had some kilo bars, which they sold for fiat to finance work/living expenses, etc.., but he just isn't that interested. Oh well.
The financial system treat gold like Freddy Krueger in Nightmare of Elm Street. They make sure for the name not to be mentioned. But somehow like Nightmare of Elm Street sequels, Freddy just did not want to go away.....
And to a certain i think the trust in gold become stronger when the trust in the government wane. And i think currently the trust in the government is getting lower and lower all across the globe.
What a lengthy con job. Like all con jobs they become unraveled when faced with reality that will always arrive with the real bill, inflation. Even Volker couldn't get us back on track, it's far too late for that. Would a gold backed 50 year bond do much. A currency switcheroo once enough chaos has been created. It all comes down to career politicians making pork promises beyond what the annual revenue can pay for. All democracies should have term limits embedded in them. thanks David
That’s a shame, another hero bites the dust. At least he held the interest rates high enough and long enough, something that can't reasonably be considered today. I can't imagine the collapse that would occur.
Maybe one needs to understand all the financial markets are nothing more than a charade, a casino where the house permits some winning just to keep the suckers interested. We have been so conditioned to believe the only ways to grow and preserve wealth is residential property and the share market. Both fuelled by debt and credit. A simple life, physical metals, patience and the urge and action taken to be as self sufficient as possible is not a bad thing. It means unlearning the fallacies programmed into our mind. And never forget real wealth can only be created by growing stuff, mining stuff and making stuff. Everything else is just moving existing wealth around or stealing it from those who actually create it.
🎯
Few humans have ever understood 'value'. I've run experiments, asking people about Wealth; Very few can define value outside the boundaries of Fiat Currency? Even here we see people who can't value precious metals except in terms of $US???
"Investment" is for Security! All else is Speculation to acquire more Dollars.....How much are Dollars worth tomorrow?
I have a trillion Zim dollars note pinned to my notice board to remind me!
Happiness is Wealth, Herman.
Sadly, very few people find it. They dare not look within themselves; choosing rather to define their own 'Worth' in terms of "Game points"?
A few Greenspoan references:
http://www.zerohedge.com/news/2014-11-07/greenspans-stunning-admission-gold-currency-no-fiat-currency-including-dollar-can-ma
GATA has the classic Greenspan quotes:
https://www.gata.org/node/23629 and http://www.gata.org/node/10554
In this context, it's rather interesting to read Alan Greenspan’s 1966 essay, "Gold & Economic Freedom," originally published in Ayn Rand’s "The Objectivist" newsletter, arguing that gold and economic freedom are inseparable because the gold standard serves as a vital instrument of laissez-faire economics. Greenspan contended that government interventionists oppose gold because it limits their ability to expand credit and confiscate wealth through inflation.
Cue howls of laughter!
https://search.brave.com/search?q=PDF+gold+and+economic+freedom+alan+greenspan&source=web
Oh yes , he knew alright , he was corrupted by money and glamour , he was a strange looking man full of Jewish DNA in the most unfortunate combination . I recall reading he was invited to dinner at MERRYL STREET,S NEW YORK town house with a list of celebrities also invited that would shock any normal human being, his actions and decisions seemed to change from around that point on I think he was starstruck and corrupted re LA DOCE VITA the only reason he lived so long ,in my opinion was that he was hoping to make amends for his betrayal
Real wealth : growing stuff, mining stuff and making stuff! Excellent comment from one of your readers.
Great article David, thanks and have a great weekend.
Thank you, David!
Fabulous clear and truthful article David.
Thanks 👌🏾
Central bankers are too lame to call out loose and reckless unsound fiscal policies because they are spineless and conflicted. Spend spend spend wins you votes and tenure in government. Today - it’s also counter party and geopolitical risk that the Fed can’t control. The world is waking up to it all thanks to you David and others preaching out.
Central bankers know well what they are doing but that is the game and price of admission.
Great piece of work! The quotes and analysis are...well...gold!
An interesting timeline around this is:
A) as meticulously researched by Alasdair MacLeod the Peoples Bank of China was appointed in 1983 to manage Chinese acquisition of gold and silver. Smack bang in between the high inflation of the 1970s and the establishment of the BoE "gold fix" which you have covered in some detail.
C) Then in the 1990s the UK sold off its gold at rock bottom prices.
D) There is credible speculation that the USA holds little if any of the 8000 odd tonnes it was said to hold prior to 1971
E) Dr Richard Werner has done interesting analysis on China (as well as Japan of course via the Princes of the Yen). That analysis shows key international financiers involved in the Chinese economic "miracle"
So the question arises "Were all these events co-ordinated to move the gold from the western banking system to the East?"🤔
David , you have not posted to your subscribers your recent interview with Elijah Johnson from Liberty Finance , I thought it was a FANTASTIC interview and you insights were so on point ,I congratulate you on it and I would of liked to comment and discuss your thoughts with other subscribers , you are fast becoming a leader in the contrarian space and so you should be respected as such
Thank you Vincent - very kind.
The interview is here: https://jensendavid.substack.com/p/video-price-inflation-and-the-path
The USA have just scored a second goal against Bosnia , well done with only 10 men .There is a reason they call gold GOD'S MONEY it is because man cannot replicate it , same as silver and it acts as a warning while men of bad intent try and defraud the people , that is why these people have to denigrate gold so they can commit their crimes and fill their pockets , they are traitors to the American people many of them are not Americans and care nothing for Americans , however they will be cheering on team USA as their team never made into the finals
Man cannot replicate it? People often advocate gold as an inflation hedge by saying "They can't print gold;" but wasn't the whole point of what Dr Jensen writes about ("‘promissory note’ unallocated gold and silver cash/spot metal contracts, that did not need to have metal backing to be created or traded, allowing ‘metal’ to be created without limit and sold into the London market") that they could, in effect, print/replicate gold - albeit fake/paper/non-existent metal?
If the King of france had come up with this paper ponzi...
He would still have his head
But what stops the..few people that see through the smoke and mirrors of this
Illusion to keeep stacking....?
Now we have a rising super power, brics, that is calling the bluff...
Gold is the perfect long term Pension plan, and gifts for your children
1 coin at a time....
",,,,City of London manipulating investor perception."
Thanks David.
Almost could have stopped the article here!
Wisdom of the ages is mostly wasted on the young. There are so many signals/noise attacking people they seemingly absorb the loudest messages.
I spoke to a relative last year, now in his late 20's, about metals and their importance IF one has the funds to invest, and he was all in for crypto. He is savvy and made some Big Gains over the last few years. Even his now deceased Poppa had some kilo bars, which they sold for fiat to finance work/living expenses, etc.., but he just isn't that interested. Oh well.
He wil be interested soon enough
Greenspan knew better but he had to suppress the truth since he became FED chairman.
http://ok-safe.com/files/documents/1/Gold_and_Economic_Freedom_an_Article_by_Alan_Greenspan_1966.pdf
Also an interesting read is the book from Lawrence Parks, “What does Mr. Greenspan Really Think?”
Great book!
The financial system treat gold like Freddy Krueger in Nightmare of Elm Street. They make sure for the name not to be mentioned. But somehow like Nightmare of Elm Street sequels, Freddy just did not want to go away.....
And to a certain i think the trust in gold become stronger when the trust in the government wane. And i think currently the trust in the government is getting lower and lower all across the globe.
There’s no vig when people buy and hold gold.
And a gold money system stops central banker bubble blowing.
What a lengthy con job. Like all con jobs they become unraveled when faced with reality that will always arrive with the real bill, inflation. Even Volker couldn't get us back on track, it's far too late for that. Would a gold backed 50 year bond do much. A currency switcheroo once enough chaos has been created. It all comes down to career politicians making pork promises beyond what the annual revenue can pay for. All democracies should have term limits embedded in them. thanks David
Volker admitted that he was the chief proponent of getting the US off of gold. Not the hero many see him as.
That’s a shame, another hero bites the dust. At least he held the interest rates high enough and long enough, something that can't reasonably be considered today. I can't imagine the collapse that would occur.