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Gold, Silver, & Economy

Economic Insight

The Western economic commercial system exists to extract more from  consumers than it supplies in products and services. Its goal is profit  and has never been to improve the human condition but to exploit it.  When governments institutionalize this system, they place their nations  on suicidal paths, because as Jefferson recognized, "Merchants have no  country." It is not terrorism that threatens the security of the Western  World, it is the Western World's very commercial system.MORE HERE


"Just look at us. Everything is backwards; everything is upside down; Doctors destroy  health, lawyers destroy justice, universities destroy knowledge,  governments destroy freedom, the major media destroy information, and  religions destroy spirituality!" --Michael Ellner

Ralph Nader: 'Attention Deficit Democracy'

This  brief article reads like the clear perception of an enlightened sage  looking at a sick, crumbling society, exposing the obvious corruption  behind every exploitation fostered by the rampant greed of unregulated  crony capitalism and economic rape. Read and be inspired LINK

The global economics situation is coming down to the question of whether the  free market system has failed and can state run economies (China,  Russia) do a better job for the corporate overlords, despite their  tyranny. The article below does a good job of outlining how this collapse will occur AND the positive outcome on the other side.
The  ongoing global financial war is reaching its final stages. Multiple  sources report that a major breakthrough in the financial logjam is  imminent. A delegation descended on Washington  last week and read the riot act to the Washington D.C. establishment  else the United States would be totally cut off from the world.


Moody's warns of unrest

Some like to avoid reading articles like this, thinking perhaps if they 'don't put attention on it' it will go away.  Like that snake over in the corner.  Yet,  when the large institutions which run our planet (for better or for  worse) make certain claims and predictions, it seems wise to at least be  cognizant of it. Such is this article.

The Global Economic Crisis: Riots, Rebellion and Revolution

Moody's is a major Wall Street  ratings agency which performs financial research and analysis on  governments and commercial entities and ranks the credit-worthiness of  borrowers. On March 15, Moody's warned that the US, the UK, Germany,  France, and Spain "are all at risk of soaring debt costs and will have  to implement austerity plans that threaten 'social cohesion'." Further,  Moody's warned that such 'austerity' measures increase the potential for  'social unrest'.
As nations of the world are  thrown into a debt crisis, the likes of which have never been seen  before, harsh fiscal 'austerity' measures will be undertaken in a flawed  attempt to service the debts. The result will be the elimination of the  middle class. When the middle class is absorbed into the labour class -  the lower class - and lose their social, political, and economic  foundations, they will riot, rebel, and revolt. 

Local Currency and Land Trust
A  small but growing number of cash-strapped communities are printing  their own money. Borrowing from a Depression-era idea, they are aiming  to help consumers make ends meet and support struggling local business.  The systems generally work like this: Businesses and individuals form a  network to print currency. Shoppers buy it at a discount - say, 95 cents  for $1 value - and spend the full value at stores that accept the  currency. Workers with dwindling wages are paying for groceries, yoga  classes and fuel with local currencies named Detroit Cheers, Ithaca  Hours in New York, Plenty in North Carolina, BerkShares in  Massachusetts, Oakies in Virginia.LOCAL CURRENCY LINK

SC may ban dollars
Legislation  introduced earlier this month that would ban "the unconstitutional  substitution of Federal Reserve Notes for silver and gold coin" in South  Carolina. If the bill were to become law, South Carolina would no  longer accept or use anything other than silver and gold coins as a form of payment for any debt, meaning paper money would be out in the Palmetto State.LINK

Another KEY solution that needs to be more widely known, understood and implemented are the Community Land Trust (CLT),  a form of common land ownership

Move your Money
People  all over the country are choosing to move their money out of bigger  banks and into smaller, community-oriented financial institutions that  generally avoided the reckless investments and schemes that helped cause  the financial crisis. Move  Your Money aims to change the practices of America's too-big-to-fail  banks by encouraging account holders at those banks to withdraw their  money and deposit it into smaller community banks or credit unions.

MOVE YOUR MONEY link   see also this ABC news story  LINK

Editor  "B' note: This is one of the BEST IDEAS ever. I personally moved all my  business, savings and checking from Scant of America to a local  regional credit union. If we all did this the 'Too Big to Fail' banks  would get some well needed humilty. DO IT !!  Join this movement of the  People!

  The Laugh Heard Round the World
The  Laugh Heard Round the World: Chinese Laugh at Geithner's Reassurances on  US Dollar and Economy "Chinese assets are very safe," Geithner said in  response to a question after a speech at Peking ...
LINK to Laughter shame

The US as a failed State
The Super Rich are Laughing

Our priorities are skewed to the  interests of rich organized interest groups at the expense of the vast  majority of citizens. For example, war at all cost, which enriches the  armaments industry takes precedence over the needs of American citizens.  There is no money left to provide the uninsured with health care (like  all the other civilized nations do for their citizens)

READ this amazing piece by Paul Craig Roberts, Former Asst Secretary of the US Treasury. (B note: this guy is a very credible insider and worth listening too; thanks Arnold!)

Another really excellent related piece worth reading:
As Goldman Gloats, What Does It Matter For Us?
Should we care about Goldman's profits and compensation?
LINK to Russell Roberts. NPR

Next Economic Bubbles
One year after America's brush with economic catastrophe, there's  plenty of looking back at the bubbles that caused financial chaos. There  are 10 dangerous economic bubbles forming on the horizon. As Alan  Greenspan warned , "They [financial crises] are all different, but they  have one fundamental source," he said. "That is the unquenchable  capability of human beings when confronted with long periods of  prosperity to presume that it will continue." THE 10 NEXT BUBBLES


Here is the latest:

(Wed Jul 8)  SILVER declined and broke thru a major 'support level'  at $13.00 today. This   is a significant drop of $1 within the last 7  days and a $3 drop since a June high of $16.   The last time Silver hit  $12 (May 1) it made a quick significant jump of $2 within just one week  (May 7) then climbed to $16.

Based on this information I would recommend  NO BUY thru at least next week to see how the market settles out.   As  indicated above, $12 is the next support level and tends to cause a  swift rebound  reaction. 

Various sources are indicating an  artificial bull market to pump up the numbers and prop up the dollar but  the currents underneath are ominous.   For example, the numbers for  last quarter showed a 18% growth of the money supply (M3) and a 6%  decline of GDP - - that is a significant 24% spread.  It means there is  more money competing for fewer goods and service. That is the very  definition of inflation which is inevitable.  That means higher interest  rates (mortgage rates have risen 1 point in 30 days) and higher prices  for gold and silver, especially in light of the info below.



Bankster "Holiday" Planned for September?
by Kurt Nimmo

(06/22/09)  Bob Chapman's influential International Forecaster is reporting on the possibility of a so-called "bank holiday" planned  for late August or early September. According to Chapman's sources, U.S. embassies around the world are selling dollars and stockpiling money from respective countries where they operate.
"Some US embassies worldwide are being advised to purchase massive  amounts of local currencies," writes Harry Schultz, "enough to last them  a year." Schultz publishes the Harry Schultz Letter, a well  respected international investment, financial, economic, and  geopolitical newsletter named as "Newsletter of the Year" by Peter  Brimelow of Market Watch in 2005 and 2008.

Schultz believes the global elite are in the process of  engineering an FDR-style "bank holiday" of undetermined length in order  to "sort-out the bank mess" and impose new bank rules.

On March 5, 1933, in the depths of the banker (Goldman Sachs)  engineered "Great Depression," newly elected Franklin Roosevelt declared  a "bank holiday" that forced banks closed for four days. Roosevelt then  rammed the Emergency Banking Act through the legislature. Passed by  Congress on March 9, the act granted FDR near dictatorial control over  the dealings of banks. It also allowed the Secretary of the  Treasury the power to compel every person and business in the country to  relinquish their gold and accept paper currency 
in exchange.

On March 10, Roosevelt issued Executive  Order No. 6073, forbidding people from sending gold overseas and  forbidding banks from paying out gold. A few weeks later, on April 5,  Roosevelt issued Executive Order No. 6102 ordering Americans to deliver  their gold and gold certificates to the Federal Reserve bank in exchange  for paper fiat money.

In other words, FDR engaged in one of history's greatest  rip-offs - that is until now. FDR not only ripped-off the American  people, but foreigners holding dollars as well, thus ensuring the "Great  Depression" would spread around the world like a bankster engineered  contagion.

Founding Fathers on the Economy

Founding Fathers have spoken about Financial Crisis.

John Adams: "There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt."

Thomas Jefferson: "I  believe that banking institutions are more dangerous to our liberties  than standing armies...The issuing power should be taken from the banks  and restored to the Government, to whom it properly belongs."

Go  to the link to read more quotes from wise historical figures. Reading  their insights made me wonder, Are the powers that be deliberating  trying to destroy the world economy?  Regardless of speculation over  intent, here is a powerful prediction from someone who knows - FED  CHAIRMAN (before Greenspan) Paul Volcker - has said publicly there is a  75 per cent chance of the US dollar crashing in the next five years  (said in 2006).

Washington's Blog Quotes

How much is a TRILLION?

All  this talk about "stimulus packages" and "bailouts"...A billion  dollars...A hundred billion dollars...Eight hundred billion  dollars...One TRILLION dollars...
What does that look like? WOW !

In case you haven't noticed, the Global Economy collapse is underway.  While that fact has very little doubt among the experts, it is also true  that a better economic reality may be emerging.  Our old system built  upon fear and scarcity no longer serves an awakening humanity. Since we  are living day to day through it, there are some things to make it  better. Your best hedge is precious metals.  To buy sell or get more  information go to this link :  SILVER GOLD LINK