GO FOR THE GOLD – PREVIOUS POSTS
PROTECTION AGAINST THE NEW WORLD ORDER – GOLD
GO FOR THE GOLD
AUGUST 11, 2016THENEWBOSTONTEAPARTYLEAVE A COMMENTEDIT
The Olympics are in full swing, participants are reaching new heights with the expectation of bringing home the gold; if not gold silver waits in the wings. The real action is not in Rio, but in the gold pits of London and Chicago. Gold medals are actually made of silver and gold plated with 6 grams of pure gold out of a total weight of 500 grams. The last time the medal was 100% gold was in 1912.
Effectively the medal is a counterfeit. But nothing is new here, the United States has been printing fiat money for years. However, the world is catching on with this ruse; in the not too distant future the Ponzi scheme will be over. Gold will again rule the roost, paper currency will only be worth the paper it is printed on. In case Americans have noticed the price of gold and silver has soared during the past year reminding us of a pole vaulter whose pole sprung him/her over the bar in whip like fashion to take the gold.
Throughout history gold has been the medium of exchange; the store of value. Paper money displaced gold early in the 17th century; first used in Massachusetts then by the states during the Civil War. The banking industry’s genesis was initiated early on by warehouses which issued a receipt – thus a warehouse receipt– entitling the holder to redeem the receipt for the said amount of gold as defined in the receipt. As the industry blossomed it became apparent that the holders of receipts very rarely requested the physical gold; they only transferred the receipts. Thus the warehouses evolved into lenders realizing that a call for 100 percent of the gold at any one time was not a probability.
The 18th through the 21st century became the glory days of gold. Banks became behemoths lending more gold than they had in inventory. When a run on a bank occurred, which it ultimately did, culminating in bankruptcy and ruin. As the United States entered the 20th century as the world’s big money player the world treated the dollar as if it was good as gold.
This was true up until 1971. Not dismissing the illegal taking of individuals gold by FDR back in 1933 (see executive order 6102). The world was on the path of becoming a dynamic and risky adventure from 1971 on; the dollar was no longer convertible to gold, the dream of El Dorado became a reality by inventing paper gold on a scale never seen before. The physical gold window had closed, the dollar pyramid scheme began. Hence the printing of paper money on a scale never seen before. Economies were on financial cocaine, a euphoria that is still manifested by governments gone wild. More printing enabled the exalted to exert control of economies, countries and world politics. But good times don’t last forever.
Entering the 21st century has proved that the dollar panacea has a long reach, but things can changes in a quant moment. Across the globe one country after another has defaulted; Greece and Argentina head the list. Is it possible that the United States is next? A probability that cannot be counted out. What brings us to that conclusion is the loss of faith in the United States. We are no longer control world events – Obama saw to it.
Future obligations are the tail wagging the dog and that is about to become the albatross under our neck for the next two decades. Obligations are coming due. And the question remains, who will be responsible to pay them. for sure you can’t count on today’s youth to hand over their hard earned cash. 17 Trillion and counting is a gargantua number, that is just debt, counting social security, medicate obligations and interest on the debt we are looking at a google type number closer to 100 trillion. $100,000,000,0000,0000.
Another relevant question to ask a politician of the goldbrick variety is: Will we ever be able to pay back the money we owe? Don’t expect a straight answer. The next question is, Willgold provide a solution to political largesse?
JANUARY 26, 2019THENEWBOSTONTEAPARTYLEAVE A COMMENTEDIT
Insurance is something that everyone needs but not everyone has. Did you notice what happened when homeowners in hurricane exposed areas called their insurance carrier on the days before the big one? “TOO LATE” for coverage was the reply. Obamacare turned out to be the exact opposite; individuals with serious illnesses didn’t sign up until they were on the death bed. However, Obamacare said, “thanks for dropping by, we will cover you with the preexisting condition.” Socialized medicine for the masses, printing money for the masses. Why not? Hasn’t it worked before?
The protection you need tomorrow must be bought today. And there is nothing better than gold to protect you from the coming financial disaster which obviously is bound to happen. These black swan events come in a flash. The world ten years out will be 180 degrees different from today. Major upheavals the world over will be common place; Globalism will be dead, country vs country and man vs man will be the norm.
Gold is once again on the rise. The pundits can’t nor are they willing to understand the attraction to gold; steadfast has it been in an island of global turmoil. Uncertainty on what will happen have caused many to insure themselves with the metal.
REPEAT OF PREVIOUS POST BELOW
FEBRUARY 2, 2019THENEWBOSTONTEAPARTYLEAVE A COMMENTEDIT
When Money Dies by Adam Fergusson
TNBTP has consistently brought to your attention the “Black Swan Event”. We recently posted about it. The above book has brought to our attention the likelihood of another Black Swan Event. If you were ever scared by the horrors of Halloween, read this book and you will be scared out of your skin. The story vividly illustrates the resulting demolition of the German currency during the Weimar Republic.
Andrew Stuttaford (who writes frequently about culture and politics, works in the international financial markets) writing for the Wall Street Journal describes the concern of Fergusson in his own words as follows: “His examination of both the seduction of inflation and its devastatingly corrosive effect is merciless and horrifying. Most haunting are the depictions of those broken on inflation’s wheel, the workers without a union to protect them, the retired trying to live on pension that had lost all meaning, the once-proud bourgeoisie after the annihilation of their savings. A nation can recover from hyperinflation, but for these people time had run out. Everybody ought to read this book. But baby boomers must.
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