(#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.

(#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.

(#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.

(#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