(#225) Why Did Gold and Silver Collapse?

Mike Maloney and Chris Martenson Discuss

As posted on www.goldsilver.com on 4/16/13

In a review of the reasons the gold and silver prices collapsed, Mike Maloney spoke with Chris Martenson of Peak Prosperity.

Dr. Martenson is a scientist at his core. His Ph.D. is from Duke University, and his MBA in Finance was earned at Cornell. For Dr. Martenson, reaching conclusions simply results from the data, and when it comes to gold and silver, the data is shocking.

From the 4,500 tons of missing gold Eric Sprott pointed to in U.S. export figures, to the 300-ton German gold repatriation, the questions of who benefited from the plummeting prices and how are all answered in this informative video.

Chris Martenson, is a former American biochemical scientist and Vice President of Science Applications International Corporation.  Currently he is an author and trend forecaster interested in macro trends regarding the economy, energy composition and the environment at his site, www.peakprosperity.com.

Michael Maloney, founder of www.GoldSilver.com is also the author of the world's best selling book on precious metals investing.  Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector.

(#224) Currency vs Money

Part 1 of Michael Maloney's new video series on money

As posted to www.hiddensecretsofmoney.com on 2/26/13

 

 

Question: Do you know the difference between "currency" and "money"?

Imagine a picture of (1) Monopoly money, (2) a pile of U.S. Dollars, and (3) a U.S. Gold Coin.  If asked the Sesame Street question, "which of these is not like the others?", the answers are startling.  A group of Ivy League professors, responded "Well clearly the dollars are not like the others. Gold has no role as money and Monopoly money is junk." Alternatively, a group of 5 year olds responded, "Well the gold coin is not like the others.  The other two are just piles of paper and the gold coin is clearly something different."  The 5 year olds got it right . . . did you?

Answer: Currency is a derivative of money whereas gold and silver is money.

Join renowned worldwide educator Mike Maloney as he travels the globe revealing the truths about money that have been hidden from you in his six-part video series entitled, "Hidden Secrets of Money".

Learn how "currency" steals your two most valuable assets: your time and your freedom.

See how "currency" is not only bringing about the greatest economic crisis in history, but how it can be used to your advantage and turned in to your greatest opportunity.

 

Michael Maloney, founder of www.GoldSilver.com is also the author of the world's best selling book on precious metals investing.  Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector.

(#223) Dollar Sell Off Within 4 Months

Hyperinflation by the end of 2014 predicts John Williams

As posted to http://usawatchdog.com on 1/27/13

 

 

Anybody who thinks the U.S. is in a so-called recovery isn’t listening to economist John Williams.  He contends, “We haven’t had a recovery and we’re not about to have one, and it’s getting worse.”  Williams says it’s because, “The consumer is in very serious trouble. . . . the average guy is not making it.  His income is not keeping up with inflation.”

As far as Congress getting the budget and debt ceiling under control, Williams says, “Both sides are faced with devil’s choices.”  If Congress does not get its financial house in order by the new deadline in mid-May 2013, Williams contends, “It will be the end of the road . . . . they are not going to have another opportunity . . . they are pushing the limit as it is now.”

Williams says he expects, “. . . a negative reaction in the next 3 or 4 months to the dollar.” Williams adamantly continues to predict hyperinflation to the U.S. dollar by the end of 2014.  Join Greg Hunter as he goes One-on-One with John Williams of www.shadowstats.com.

Walter J. "John" Williams, is the founder of www.shadowstats.com, a website that analyzes government economic and unemployment statistics based on methodologies used by previous United States administrations, from the pre-Clinton era to the time of the Great Depression.  Williams claims that using Depression-era methodology, for example, the U.S. unemployment rate would have been 16.5% in January 2009, more than double the announced rate of 6.7%.  Williams is an economic consultant with an economics BA and an MBA from Dartmouth College, New Hampshire. 

(#222) Significance of Germany's Gold Repatriation

If Central Banks don't trust each other, why should we?

As appeared on RT's "Keiser Report" on 1/19/13

 

In this episode, Max Keiser and Stacy Herbert discuss the currency war masquerading as a "storage plan".  It is described as a shot across the bow of the world U.S. dollar reserve standard.  The world's largest bond fund manager, Mohamed El-Erian said in the Financial Times,

"This unusual and highly visible decision is sure to trigger an explosion of media commentary relating both to motivation and implications - especially since Germany joins Iran, Libya and Venezuela in making such a move."

We all know what happened to Libya and what is happening to Iran and Venezuela.

In the second half of the show, Max Keiser talks to Doug Casey of CaseyResearch.com about German gold and future war.

Timothy Maxwell "Max" Keiser, is an American broadcaster and film-maker.  He hosts Keiser Report, a financial program broadcast on RT.  Keiser also anchors On the Edge, a program of news and analysis hosted by Iran's Press TV.

(#221) So How Does the Global Financial Crisis End?

GoldSilver.com's Michael Maloney explains 

As appeared on RT's "Capital Account"on 1/22/12

 

The Road to Serfdom . . . RT's Capital Account w/ Lauren Lyster hosts Michael Maloney to discuss fiat money, sound money and debt-based currency systems in this program which originally aired 1/22/12.

Michael Maloney, founder of GoldSilver.com is also the author of the world's best selling book on precious metals investing.  Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector.

(#220) Why Everyone Should Have a Precious Metals Portfolio

GoldMoney Chairman James Turk outlines the reasons

As posted at www.GoldMoney.com on 12/11/12

 

 

 

James Turk outlines the stark fiscal facts about government debt problems across the developed world, and why central banks' determination to devalue the currencies they issue is causing a bull market in precious metals. He demonstrates why gold remains undervalued, despite the great gains seen in its price over the last 11 years, and a means of assessing whether or not the yellow metal is fairly valued or not. 

 

James argues that we are living in "fiat currency bubble", similar though many magnitudes greater than the recent housing bubbles seen in America, Ireland, Spain and other countries, or the "Tech bubble" in NASDAQ stocks in the late 1990s. The USA is racing towards hyperinflation, courtesy of the Federal Reserve's monetization of US government deficits.

James Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His business career began at Chase Manhattan Bank (now JPMorgan Chase & Co.), which included assignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut. He moved to the United Arab Emirates in December 1983 to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, a position he held until resigning in 1987. Thereafter he held various advisory roles in money management until founding GoldMoney, which was launched in 2001. He is a director of the GoldMoney Foundation.

(#219) CPI Smoke and Mirrors Exposed

The CPI no longer accurately measures inflation

As posted on the Schiff Report You Tube Channel on 1/10/13

 

In this clip, Peter Schiff explains that the U.S. Bureau of Labor Statistics "Consumer Price Index" (CPI) is no longer a tool to accurately measure inflation, but rather an instrument of deception the government uses to hide accelerating inflation from the public and financial markets. Modest CPI increases over the past several years do not reflect an absence of inflation, but rather an intentional design flaw in the index that fails to fully capture the magnitude of price increases. Central bankers drawing economic conclusions regarding inflation and monetary policy based on this highly flawed data point are making a major policy error. Example: Prices for the twenty items in our basket rose 44.3% during a ten-year period despite an official rise in the CPI of just 27.5% during the same time frame. But that is using official government numbers to evidence those price increases. However, judging by the inaccuracy of government numbers on other items, such as newspapers and health insurance, the actual rate of increase of the prices of the goods in our basket was likely much higher than what the government claimed! Peter Schiff, is an American businessman, investment broker, author and financial commentator. Schiff is CEO and chief global strategist  of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut, and CEO of Euro Pacific Precious Metals, LLC, a gold and silver dealer based in New York City.

(#218) Our Mathematically Unsustainable Monetary Policy

If all debt in the world were repaid, there would be no money

As posted at www.goldmoney.com on 12/18/12

 

 

For the uninitiated, this podcast provides an excellent primer on how our current monetary system operates.

Interviewee Ben Dyson, is Founder/Director of Positive Money, a UK not for profit research and campaign group focused on monetary reform. It believes that the root cause of many of our current social, economic and environmental problems lies in the way we allow money to be created out of debt.

Dyson explains that 97% of the money supply is being created by banks through credit extension in form of a mere book entry (i.e. money is created out of nothing).  In essence, what is happening is:

• Every time money is borrowed at a bank, that money is created because, today, all money is backed by debt, not a physical asset such as gold as it had been in the past.

• Unfortunately, the money to pay the interest does not yet exist and so more money would have to be created for that purpose as well.

• Since the foregoing scenario proves that it is mathematically impossible for all debt and the associated interest to be paid off, the current monetary system relies totally on continually expanding debt to function.

• Therefore, the only way we can increase spending is to encourage people to take out more debt which is why you have a situation in which a monetary crisis occurs because people have too much debt, and the government’s solution is to lower interest rates to make it cheaper for people to borrow more money.

This causes a great deal of dependency on the banking sector.

While our monetary system relies on the continuous extension of debt in order to keep functioning, only little of this credit is being provided to businesses (13%), while the bulk of it went into mortgages (40%), consumer finance (10%) and financial markets (37%) in the decade running up to 2008. Dyson also shows how this is deleterious to wealth creation and also causes redistribution mechanism benefiting those who are close to the issuers of money on the backs of to those who aren't. Also discussed is the environmental consequences of this debt money system.

Finally Dyson's proposal for monetary reform is discussed, which involves the transfer of power over the money creation from banks to a newly established, transparent, public monetary body which decides how much money should be added to the economy through the government to pay down existing debt. They also discuss the viability of using metal as money again, the emergence of alternative currency systems and whether an authority can really be trusted with managing the money supply.

(#217) Fun Facts: Gold

Now how do you feel about those Dollars you own?

As posted at www.goldcore.com on 2/1/12

 

Here is an excellent must see short video about gold bullion vs cash.  It shows how gold has retained value throughout history and why gold is safer than cash in the long term.  Legendary investor, institutions, central banks and the prudent are buying gold today.  It is the opinion of your blogmaster that gold is an important safe haven asset and an essential investment and savings diversification in these uncertain times.

Disclaimer: the posting of this video is not intended to represent an endorsement of it's creator, www.goldcore.com.

(#216) Global Collapse Explained

and in only 5 minutes!

 

as posted at thevictoryreport1 You Tube Channel on 4/3/12

 

 

This short clip explains how Uncle Sam and his house of fiat money are devastating world economies.

(#215) "Bitcoin" Explained (Part 2)

An alternative to the Dollar?

As posted at www.futuremoneytrends.com on 9/15/12

 

What is "Bitcoin"?

Back in The Profit Center Blog #177 from 6/6/11, we posted the clip above which provided a short introduction to "Bitcoin" . . .

 Understanding Bitcoin Security

In this 9/15/12 interview conducted by VisionVictory, Trace Mayer of Run To Gold & How To Vanish uses excellent analogies and explanations in order to help people grasp what "Bitcoin" is, what "bitcoins" are, how it works, and why you should care.

With the current global fiat money system coming to an end, why not invest 30 minutes to learn about this acceleratingly popular alternative currency known as "Bitcoin".

QUOTES

5:27: Regarding the Bitcoin code, "It's open source; so far there hasn't been anyone that's able to compromise the code" 

6:13: "It allows for capital to be accumulated and be saved and stored in a much better way I think than necessarily gold or silver" 

6:51: "Currently the Bitcoin network is secured by processing power. Approximately 250 petaFLOPS. The department of Energy just built a supercomputer for $1.2 Billion that has 15 petaFLOPs"

MORE INFORMATION 

To learn more about bitcoins, see:

http://FreeBitcoinGuide.com

http://www.weusecoins.com 

(#214) The Broken Window Fallacy

Is Hurricane Sandy good for the economy?

As posted at the LearningLiberty.org You Tube Channel on 6/23/11

 

Does destruction create jobs? After natural disasters, terrorist attacks, and wars, some people argue that these disasters are good for the economy, because they create jobs and prosperity. As Prof. Art Carden of Rhodes College explains, this is an example of the "Broken Window Fallacy", a term coined by Frederic Bastiat in his 1850 essay, "That Which is Seen, and That Which is Not Seen".

When a shopkeeper's window is broken, he will spend money on a new window, which gives income and jobs for glaziers. This activity is "seen", but the "unseen" is just as important: the money spend on a new window could have been spent on other things. Wealth has not increased, but only reallocated from some people to others, and society is worse off by one window.

(#213) Citizens from 29 States Petition to Secede from the USA

White House must respond if a petition gathers 25,000 signatures within 30 days

As posted at www.examiner.com on 11/11/12

 

Within days of the presidential election, citizens from 29 States have petitioned the Obama Administration for withdrawal from the United States of America in order to create their own respective governments.  Louisiana was the first State to file a petition, followed by Texas.  A complete list of states is as follows:

1. Louisiana
2. Texas
3. Montana
4. North Dakota
5. Indiana
6. Mississippi
7. Kentucky
8. North Carolina
9. Alabama
10. Florida
11. Georgia
12. New Jersey
13. Colorado
14. Oregon
15. New York
16. Arkansas
17. South Carolina
18. Missouri
19. Tennessee
20. Michigan
21. Oklahoma
22. Utah
23. Arizona
24. Pennsylvania
25. Nevada
26. Delaware
27. Ohio
28. California
29. Wyoming 

The federal government allows one month from the day the petition is submitted to obtain 25,000 signatures in order for the Obama administration to consider the request.  As of the time of this writing, Louisiana and Texas lead the pack, having collected 24,602 and 53,223 signatures, respectively.

The Texas petition reads as follows:

The US continues to suffer economic difficulties stemming from the federal government’s neglect to reform domestic and foreign spending. The citizens of the US suffer from blatant abuses of their rights such as the NDAA, the TSA, etc. Given that the state of Texas maintains a balanced budget and is the 15th largest economy in the world, it is practically feasible for Texas to withdraw from the union, and to do so would protect it’s citizens’ standard of living and re-secure their rights and liberties in accordance with the original ideas and beliefs of our founding fathers which are no longer being reflected by the federal government.  

The website for the petitions is:

https://petitions.whitehouse.gov/petitions

Dr. Paul on the Constitutional Principle of Secession

Although the clip immediately above is by no means new, nor was it filmed in response to the recent proliferation of succession petitions (it was originally posted on 4/19/09), it appears to fit into the discussion.  In it, U.S. Congressman Ron Paul discusses the Constitutional concept of secession.

Ron Paul, is an American physician, author, and politician.  He has served 12 terms in Congress, currently as the U.S. Representative for Texas' 14th congressional district since 1997.

(#212) Obama 2.0 & The Fiscal Cliff

Implications for America, the Markets, the Dollar and Gold

 As posted on the SchiffReport You Tube Channel on 11/8/12

 

Peter Schiff provides his analysis of what the economic future holds for the next four years.

Peter Schiff, is an American businessman, investment broker, author and financial commentator. Schiff is CEO and chief global strategist  of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut, and CEO of Euro Pacific Precious Metals, LLC, a gold and silver dealer based in New York City.

(#211) Quantitative Easing Explained

What the Federal Reserve is doing and how we got there

As posted on YouTube on 11/30/10

Film-maker uses computerized, monotone voices and anime-styled bears to explain the inexplicable: "The Ben Bernank's" rise to power and the Fed's collusion with Goldman Sachs to rob American taxpayers.

An earlier version of this clip previously appeared as The Profit Center's Blog #150 back in 11/17/10 right at the time QE2 was hatched.  I just came across it again and thought it was so spot-on that it deserved another airing to coincide with QE3.

Now, nearly two years since this clip was created, how is QE working for you?

(#210) Is this the End of the Petro-Dollar?

China actively working to end it

As appeared on Ben Swann's "Reality Check" on 10/9/12

 

Note: the above YouTube link has subsequently been taken down.  The clip may now be viewed here:

http://www.fox19.com/story/19779174/reality-check-what-is-the-petro-dollar-and-why-is-china-trying-to-destroy-it

Ben Swann explains what the "petro-dollar" is, it's importance to the U.S. Dollar retaining it's designation as the world's reserve currency, and how the national media isn't telling you that China is actively working to end it.

Ben Swann, is a television journalist with Fox19 in Cincinnati, Ohio and produces a fact-checking series entitled Reality Check.  He is the recipient of both an Edward R. Murrow Award and two Emmy Awards.

(#209) Inflation IS the Plan

a Bob Murphy double header

As posted to consultingbyRPM.com/blog on 9/19/12 and 9/25/12, respectively

QE3's Lack of Limits Spell the Death of the Dollar

 

QE3 . . . with no end date, no dollar amount cap - the potential negative impact on citizens' wealth and on the economy is immeasurable.

 Inflation IS the Plan

 

Dr. Murphy goes on to explain that price inflation IS the "plan", not a regrettable by-product of QE3. 

Robert P. Murphy, an Austrian School economist, is a senior fellow in business and economic studies at the Pacific Research Institute, and is an adjunct scholar and frequent speaker at the Ludwig von Mises Institute.  He writes a column for Townhall.com and has also written for LewRockwell.com.  He is an adjunct scholar at the Mackinac Center for Public Policy and an economist for the Institute for Energy Research.

(#208) The Real Fiscal Cliff

How to spot the ledge

As posted to the Mises Institute Media You Tube Channel on 9/26/12

 

Archived from the live Mises.tv broadcast, this lecture delivered by Peter Schiff on the day after Federal Reserve Chairman Ben Bernanke announced QE3, was presented at the Mises Circle in Manhattan: "Central Banking, Deposit Insurance, and Economic Decline." Includes an introduction by Lew Rockwell, founder of the Ludwig von Mises Institute.

Peter Schiff, is an American businessman, investment broker, author and financial commentator. Schiff is CEO and chief global strategist  of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut, and CEO of Euro Pacific Precious Metals, LLC, a gold and silver dealer based in New York City.

(#207) "The Fed will Destroy the World"

Marc Faber on the Federal Reserve's QE3 Announcement

As appeared on Bloomberg Television's "In the Loop" on 9/14/12

 

"Everything will collapse" is the consequence Gloom, Boom, & Doom's Marc Faber sees from the announcement of QE3, the Federal Reserve's latest 'stimulus' (and the fallacy and misconception of how money-printing can help employment). In a wondrously clarifying interview on Bloomberg TV on 9/14/12, Faber explained why he was 'happy', since "the asset values of his holdings will go up" but as a responsible citizen he is worried because "the monetary policies of the US will destroy the world." It truly is class warfare under a veil of 'its good for you' as he notes: "the fallacy of monetary policy in the U.S. is to believe this money will go to the man on the street. It won't. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols."

Marc Faber, is a Swiss investor and publisher of the Gloom Boom & Doom Report newsletter and has also authored several books.  He is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.