Thanks for the comments over last wee while but as I am situated in New Zealand under new law here I can no longer comment on finance or such subjects without the appropriate qualification which I have no interest in getting.
thanks again & keep looking for that information.
Friday, August 20, 2010
Sunday, June 6, 2010
How soon will the world's financial system collapse?
Kia Ora,
Despite the news continually saying there is a recovery, the financial crisis continues & the more they manipulate it the worse the final outcome, based on history, will be.
There are opportunities jumping out everywhere right at present. If you have huge dreams then right now if you can get yourself set up it is the time when you can achieve them.
Yet the powers that be are implimenting more laws, taking more control & preventing people talking about what actions to take or what is coming.
This will be the last blog I put out on this subject as it is my opinion & latest NZ law to come in next week disallows you to give advice (in other words an opinion) on financial matters unless you have their appropriate qualifications.
This is just following the route taken by others, in the guise of making things better as people ask for it, they impliment a system that manipulates to the way those controlling the financial world want.
For example as some commentators have said the tax system in the US was introduced as a way to tax the Rich, but in effect it set up the system to tax the masses, with get out clauses for the rich as they keep an economy moving.
This happened again some say in 1986 when they put in place new tax laws hitting those that owned investment property. The only people it really hit were those who did not invest in cash flow positive property or in the main self employed such as Dr's & lawyers. This when looking at it is similar to the new investment property tax laws just been enacted in NZ.
Hard times in the economies also mean those in authority start to hit those actions that in the past they turned a blind eye too.
For example here in NZ in the last few days, due to the out come of a court case it is quite clear now that the tax department (IRD) are now targeting small businesses & individuals that they think have tried to not pay the maximum tax.
It was something IRD made quite clear to me when I first started moved from sole trader to a limited liability company. I must pay myself a wage. Yet most small businesses will tell you they never have a wage.
The same with the companies act. Under that act you must act in the best interest of the company, not the shareholders or employees, yet that only is acted upon when the economic climate turns for the worse.
All this is part of the transfer of wealth & power
But like in the financial education each person has to take the action themselves to find out what the real truth is.
You are hearing more & more on the street people saying they know that things are not getting better despite the talk of recoveries.
Each of us has to prepare in their own way & ensure they are set up to whether the worst of what is to come.
How do we know? Again by looking at history.
Despite the news continually saying there is a recovery, the financial crisis continues & the more they manipulate it the worse the final outcome, based on history, will be.
There are opportunities jumping out everywhere right at present. If you have huge dreams then right now if you can get yourself set up it is the time when you can achieve them.
Yet the powers that be are implimenting more laws, taking more control & preventing people talking about what actions to take or what is coming.
This will be the last blog I put out on this subject as it is my opinion & latest NZ law to come in next week disallows you to give advice (in other words an opinion) on financial matters unless you have their appropriate qualifications.
This is just following the route taken by others, in the guise of making things better as people ask for it, they impliment a system that manipulates to the way those controlling the financial world want.
For example as some commentators have said the tax system in the US was introduced as a way to tax the Rich, but in effect it set up the system to tax the masses, with get out clauses for the rich as they keep an economy moving.
This happened again some say in 1986 when they put in place new tax laws hitting those that owned investment property. The only people it really hit were those who did not invest in cash flow positive property or in the main self employed such as Dr's & lawyers. This when looking at it is similar to the new investment property tax laws just been enacted in NZ.
Hard times in the economies also mean those in authority start to hit those actions that in the past they turned a blind eye too.
For example here in NZ in the last few days, due to the out come of a court case it is quite clear now that the tax department (IRD) are now targeting small businesses & individuals that they think have tried to not pay the maximum tax.
It was something IRD made quite clear to me when I first started moved from sole trader to a limited liability company. I must pay myself a wage. Yet most small businesses will tell you they never have a wage.
The same with the companies act. Under that act you must act in the best interest of the company, not the shareholders or employees, yet that only is acted upon when the economic climate turns for the worse.
All this is part of the transfer of wealth & power
But like in the financial education each person has to take the action themselves to find out what the real truth is.
You are hearing more & more on the street people saying they know that things are not getting better despite the talk of recoveries.
Each of us has to prepare in their own way & ensure they are set up to whether the worst of what is to come.
How do we know? Again by looking at history.
Saturday, May 29, 2010
How do we know what is coming?
Kia Ora,
Well how do we know what is coming? We study history! It can be ancient history as that shows the cycles the world moves in as men make the same mistakes over & over again.
It can be more immediate history that shows what is likely to happen if certain actions are taken or situations arise.
Most of what has been happening is just a repeat of history that has been recorded since the time of the Romans in regards to the world of finance.
Each time changes by man means the time before is not exactly like the last but just like gravity the rules of money going by history never really change.
But what you can do is see what is happening locally & if something has happened similar recently. Now one of the letters I follow is a free one based out of Australia called Daily Reckoning & at times it appears to contradict itself as different people contribute. Therefore more financial education is required on your behalf to come to a conclusion as to what is likely to happen.
Recently there has been quite a bit of comment on how the Australian banks are dangerously exposed to offshore exposure through loans.
The point they were making was that if suddenly interests rates jump that they have to pay for loans (& they expect them too) then those Australian banks are going to have to look elsewhere for funds.
One area they would expect is the Australian government to 'print' money to do as the US has done & bail the banks out effectively transferring the private debt to the Government.
Now if that happens & Australia decides it wants to look at other options then there is the likelyhood of it following the US in quietly enacting policies where retirement funds can withhold the funds of those with money in them.
So effectively stealing the money supposedly put aside for retirement, but legally.
Some might see this as conspiracy material, but if you look you can find that it is going on right now.
Just like the recent quiet change in the ability to exhange Gold & Silver ETF's for the real thing, because if that ability still remained people would find that the amount been traded doesn't exist.
Well how do we know what is coming? We study history! It can be ancient history as that shows the cycles the world moves in as men make the same mistakes over & over again.
It can be more immediate history that shows what is likely to happen if certain actions are taken or situations arise.
Most of what has been happening is just a repeat of history that has been recorded since the time of the Romans in regards to the world of finance.
Each time changes by man means the time before is not exactly like the last but just like gravity the rules of money going by history never really change.
But what you can do is see what is happening locally & if something has happened similar recently. Now one of the letters I follow is a free one based out of Australia called Daily Reckoning & at times it appears to contradict itself as different people contribute. Therefore more financial education is required on your behalf to come to a conclusion as to what is likely to happen.
Recently there has been quite a bit of comment on how the Australian banks are dangerously exposed to offshore exposure through loans.
The point they were making was that if suddenly interests rates jump that they have to pay for loans (& they expect them too) then those Australian banks are going to have to look elsewhere for funds.
One area they would expect is the Australian government to 'print' money to do as the US has done & bail the banks out effectively transferring the private debt to the Government.
Now if that happens & Australia decides it wants to look at other options then there is the likelyhood of it following the US in quietly enacting policies where retirement funds can withhold the funds of those with money in them.
So effectively stealing the money supposedly put aside for retirement, but legally.
Some might see this as conspiracy material, but if you look you can find that it is going on right now.
Just like the recent quiet change in the ability to exhange Gold & Silver ETF's for the real thing, because if that ability still remained people would find that the amount been traded doesn't exist.
Friday, May 14, 2010
Is the End Nigh?
Kia Ora,
It has been an interesting few weeks. In the main I follow three newsletters or commentators & a couple of other sources of up to date information as the financial crisis continues to unfold.
Surprisingly for the very first time all three newsletters & commentators were on the exact same wavelength.
In the past they have talked about this crisis coming to a conclusion in 2015, one commentator on a newsletter said by May 2011 as that will be the same period from the start of the Greek crisis that it took from bear Sterns to the fall of financial markets.
More recently I have been informed that stockbrokers are talking to taxi drivers of December 2010 being the crunch.
Then the three emails came in almost together. The end is in sight.
The end of what? the end in this round of the cycle that we seem to want to put ourselves through as human beings.
The Sovereign debt crisis which is what this has now become, is not over. It is just beginning & with it the break down of social order.
To make it worse the Eurozone to bail out its members has now taken the same action as those in the UK & US have taken.
The Germans are not happy as they still have memories, not of the deflationary depressoin which much of the world suffered last time, but of their earlier hyperinflation depression.
It is reported that much of the gold now being bought on the markets is now heading to Germany as they rush to protect themsleves. There is even a quote stemming from 1923 of how one person withdrew their whole 100,000 marks & it bought them one tram ticket for a ride around the city.
Hyperinflation in Germany: Perceptions of a Process
Inflation & in particular hyperinflation is the tax that governments impose by printing (or in todays attempt to hide the truth, quantitve easing) that sneaks up on people.
People who lived through the times talk of how dangerous it was & how the crime was out of control. Think it is getting bad now. Just wait.
When will it happen? No one can really tell as those have made it possible are trying what they think is right to save the situation & are actually making it worse in the long run. History just shows though that when it happens, it happens fast & they bigger the debt, the faster it happens.
The first recorded correction took 300 years. The German hyperinflation correction took four years. Gold is now going up no matter what, though a the end there is talk that it will drop initially, then head north.
It has been an interesting few weeks. In the main I follow three newsletters or commentators & a couple of other sources of up to date information as the financial crisis continues to unfold.
Surprisingly for the very first time all three newsletters & commentators were on the exact same wavelength.
In the past they have talked about this crisis coming to a conclusion in 2015, one commentator on a newsletter said by May 2011 as that will be the same period from the start of the Greek crisis that it took from bear Sterns to the fall of financial markets.
More recently I have been informed that stockbrokers are talking to taxi drivers of December 2010 being the crunch.
Then the three emails came in almost together. The end is in sight.
The end of what? the end in this round of the cycle that we seem to want to put ourselves through as human beings.
The Sovereign debt crisis which is what this has now become, is not over. It is just beginning & with it the break down of social order.
To make it worse the Eurozone to bail out its members has now taken the same action as those in the UK & US have taken.
The Germans are not happy as they still have memories, not of the deflationary depressoin which much of the world suffered last time, but of their earlier hyperinflation depression.
It is reported that much of the gold now being bought on the markets is now heading to Germany as they rush to protect themsleves. There is even a quote stemming from 1923 of how one person withdrew their whole 100,000 marks & it bought them one tram ticket for a ride around the city.
Hyperinflation in Germany: Perceptions of a Process
Inflation & in particular hyperinflation is the tax that governments impose by printing (or in todays attempt to hide the truth, quantitve easing) that sneaks up on people.
People who lived through the times talk of how dangerous it was & how the crime was out of control. Think it is getting bad now. Just wait.
When will it happen? No one can really tell as those have made it possible are trying what they think is right to save the situation & are actually making it worse in the long run. History just shows though that when it happens, it happens fast & they bigger the debt, the faster it happens.
The first recorded correction took 300 years. The German hyperinflation correction took four years. Gold is now going up no matter what, though a the end there is talk that it will drop initially, then head north.
Thursday, May 6, 2010
The Beginning of the End?
Kia Ora,
Well the beginning of the end raised its head earlier today. With Markets already down due to the Sovereign Debt Crisis in Greece, Wall street suddenly took a huge leap downwards. Gold took a large leap upwards after being trending up of late.
They are now claiming that there was a wrong entry possilby by a person. They may even 'find' that person, but it will just be an attempt to hide how fragile the worlds economies are.
Whilst gold leapt up the manipulation of silver continued & it hardly moved at all.
In fact the whole game appears to be about manipulation of figures at present.
Here in NZ, the government announced the new unemployment figures & there had being a big drop, when adjusted. That when adjusted comes up a lot when figures are released these days & they gather them in a not really honest way that allows governments to manipulate to give what picture they want.
Yet just going to the mall yesterday, you noticed a lot more people looking strained with the obvious stress of no income.
On social media more & more close friends are looking for work & there is nothing out there. So where do all the 'new' jobs come from? Manipulation to hide the issues that are starting to arise.
Crime & in particular violent crime is rising extremely fast, there are more extremist views being pushed & there are opportunities everywhere for those able to take advantage of them.
But is this all so unexpected?
In a word. No.
The book to the left was written a few years ago, but when you read it, it tells how 'Rich Dad' could see this coming in 1974 & probably before that due to looking into financial history.
Winston Churchill's quote "The further back you look, the further forward you see" or words to that effect, keep coming to mind as each action to combat the financial crisis is a re enactment of what has being tried previously.
With Big trouble looming in the Eurozone, of late there has being another transfer of wealth to the US dollar & when things go really wrong it starts transferring from the dollar to gold or silver.
NZ had this famous band called Split Enz & one of their best selling songs was 'History Never Repeats" with the words directly after the title being "I tell myself before I go to sleep",
That seems to be the sentiment of those that run the worlds economies, but those behind them know it is a different story. They know, no matter what man does history does repeat, so make it work for you.
They have ensured that they have in place the people to ensure history does repeat & therefore create the environment for, what has being described as, the greatest wealth transfer in the history of man.
But it is not just the transfer of wealth, but also power as it obeys the golden rule.
He who has the gold makes the rules.
Greece has only a relatively small debt which due to being part of the Eurozone they can't take measures by themselves such as print money to manage their debt.
For now that is the little nudge in the Sovereign debt crisis that is needed to cause more concerns in Europe.
But it is the excessive printing of currency that has being occuring in the UK & US that is the real threat.
Today you just got a glimpse of the future because as the DOW dropped gold went up.
Then there are concerns about China & that its bubble might be about to burst. This could result in dropping of commodity prices including gold & silver, but where as some of the others might recover as much, gold & silver based on history will disconnect & go up at some stage.
What ever way it goes, people need to be ready & you got a glimpse today of the future.
Well the beginning of the end raised its head earlier today. With Markets already down due to the Sovereign Debt Crisis in Greece, Wall street suddenly took a huge leap downwards. Gold took a large leap upwards after being trending up of late.
They are now claiming that there was a wrong entry possilby by a person. They may even 'find' that person, but it will just be an attempt to hide how fragile the worlds economies are.
Whilst gold leapt up the manipulation of silver continued & it hardly moved at all.
In fact the whole game appears to be about manipulation of figures at present.
Here in NZ, the government announced the new unemployment figures & there had being a big drop, when adjusted. That when adjusted comes up a lot when figures are released these days & they gather them in a not really honest way that allows governments to manipulate to give what picture they want.
Yet just going to the mall yesterday, you noticed a lot more people looking strained with the obvious stress of no income.
On social media more & more close friends are looking for work & there is nothing out there. So where do all the 'new' jobs come from? Manipulation to hide the issues that are starting to arise.
Crime & in particular violent crime is rising extremely fast, there are more extremist views being pushed & there are opportunities everywhere for those able to take advantage of them.
But is this all so unexpected?
In a word. No.
The book to the left was written a few years ago, but when you read it, it tells how 'Rich Dad' could see this coming in 1974 & probably before that due to looking into financial history.
Winston Churchill's quote "The further back you look, the further forward you see" or words to that effect, keep coming to mind as each action to combat the financial crisis is a re enactment of what has being tried previously.
With Big trouble looming in the Eurozone, of late there has being another transfer of wealth to the US dollar & when things go really wrong it starts transferring from the dollar to gold or silver.
NZ had this famous band called Split Enz & one of their best selling songs was 'History Never Repeats" with the words directly after the title being "I tell myself before I go to sleep",
That seems to be the sentiment of those that run the worlds economies, but those behind them know it is a different story. They know, no matter what man does history does repeat, so make it work for you.
They have ensured that they have in place the people to ensure history does repeat & therefore create the environment for, what has being described as, the greatest wealth transfer in the history of man.
But it is not just the transfer of wealth, but also power as it obeys the golden rule.
He who has the gold makes the rules.
Greece has only a relatively small debt which due to being part of the Eurozone they can't take measures by themselves such as print money to manage their debt.
For now that is the little nudge in the Sovereign debt crisis that is needed to cause more concerns in Europe.
But it is the excessive printing of currency that has being occuring in the UK & US that is the real threat.
Today you just got a glimpse of the future because as the DOW dropped gold went up.
Then there are concerns about China & that its bubble might be about to burst. This could result in dropping of commodity prices including gold & silver, but where as some of the others might recover as much, gold & silver based on history will disconnect & go up at some stage.
What ever way it goes, people need to be ready & you got a glimpse today of the future.
Sunday, April 18, 2010
Tipping point passed. Point of no return now reached.
Kia Ora,
It is interesting times right now. Information from various sources have being basically backing each other up probably without knowing it.
Recently in the US there has being a call to cancel the fractional reserve altogether. For those that are unaware for every dollar you put in an account a bank can create a larger number of dollars, but it must keep a reserve to cover emergencies.
So for every dollar you put in which the bank may pay you 3% interest, it can then loan anything from 10 to at times 40 dollars for your one dollar at say 10% interest.
But they have generally being required to hold something like 10% of money held just in case it is called upon. It is called fractional reserve banking & that means for the economies to survive they must keep creating money out of thin air to keep the supply expanding.
Well it has now being suggested that that is holding the economy back so they shouldn't be holding any in reserve. This will allow banks & central banks to print (or quanittive ease) at will, making the end problem worse.
In the US the Federal Reserve has failed in its original announced mission when it was established in 1913 to maintain the value of the US dollar. The US dollar is now worth 3 cents in value to what the dollar was worth in 1913. That affects all other countries as all currencies are tied to the US dollar because of Bretton Woods in 1944.
Currently in the US many people are upset with the US government over the healthcare program. Combined with the bail outs in partiuclar the on going ones of Freddie Mac & Fannie Mae the US government is taking control of areas that were before the domains of private companies.
Here in NZ the Government has taken more control over local bodies firstly in the set up of the new 'Super' city of Auckland & more directly the disestablishment of Ecan, an elected council, as well as several health boards.
History shows that when things are getting tough or about too, then the governments start to exercise more control & people enjoy less freedom.
So as to the title of this blog. What is the tipping point?
Actually it was worked out some time ago through a group that follow Austrian economics.
The Tipping point of an economy is reached when a) Debt exceeds 73% of GDP & b) when Debt exceeds 230% of external exports.
Now as problems broke out with Greece there were figures saying Greece was close, but they were manipulated & in fact Greece & the whole of Europe, Britain & the US (not to mention here in NZ) were much higher according to the Daily Reckoning at the time.
For example this was the figures for the US just two days ago that came via a Robert Kiyosaki source.
a) Debt in the US now exceeds 96% of GDP
b) Debt in the US now exceeds 748% of External Exports.
This is a quote from Alan Greespan, the previous Chairman of the Federal Reserve, as quoted in the USA today.
"Regulators (the federal reserve etc) almost certainly will be unable to prevent future crises, so the focus should be on structuring the financial industry, so that it can better absorb unexpected blows".
A point made in the article by Robert Kiyosaki is that in 1914 the German people had no idea that anything was wrong, until the hyperinflation hit in 1923. That is why the German people are so upset with their government now for helping bail out Greece. they do remember that lesson.
This time is no different & in fact the title of the book opposite is what the economists would have you believe that "this time it is different" we have it under control.
In NZ that would call for a Tui's advert with the NZ laconic saying "yeah right".
The US has printed more money in the last year than in the whole previous 200 years of its existance.
To control inflation as the economies get close to collapse, governments will impose wage & price freezes as New Zealnders will well remember Sir Robert Muldoon doing in the early 80's as world inflation started to spiral out of control. Of course once he took them off then things like house prices just went through the roof.
Something that came up amongst all this was that all four US Presidents that have being assasinated were trying to or had implimented a return to the dollar based against gold or silver.
When he was shot President Reagan was also trying. He had implimented a report into taking the US dollar back on the gold standard only to find he couldn't, because all the US gold is actually under Caveat to the IMF. So effectively although the US is often touted as the country with the most gold, it in effect is like Britain & has none.
Britain has none because Gordon Brown sold it all when gold was at its lowest price.
An even more interesting case is the Credit Rivers case in 1968 where a Judge Mahoney ruled in the US that upheld the Jusitces ruling that fiat currency was not real therefore a bank could not foreclose (mortagee option) on a property. It was also ruled that their appeal was not legal as they used fiat currncy to file it &that was illegal. He died in a fishing 'accident' shortly afterwards.
His judgement was never followed up on.
More recently a whistle blower on the manipulation of the precious metal markets was involved in a hit & run accident & all reports about what he exposed have not being followed up in the US by mainstream media.
Examples of what he found where in the london market there were 100 paper gold trades to every oz of gold. So if people try to take delivery of the gold & find it is not there then it would result in a huge spike in the price of gold.
Also recently in the US the ability to exchange ETF's & other paper trades for actual gold & silver has being removed. It is quite possible, in fact likely probable, that most holding those paper trades have no idea.
Now a lot of that sounds like cloak & dagger, with conspiracy thrown in & the stuff of movies.
It is not.
In the 80's as a soldier I spent sometime on a vacation talking to a former US special forces operator who had being offered hit jobs in the US & Europe. My mate & I found him very crediable & once we were away from him found we were being followed across Europe by different people.
I was offered one myself when in the US. & I have a mate who has carried out 'black ops' as they are called for the US government.
People need to educate themselves to see what is coming. Thereby prepare themselves for that by using the secrets of the Rich. Robert Kiyosaki has a book out called 'Conspiracy of the Rich' which for some reason I can not find on here today. Read it.
It is interesting times right now. Information from various sources have being basically backing each other up probably without knowing it.
Recently in the US there has being a call to cancel the fractional reserve altogether. For those that are unaware for every dollar you put in an account a bank can create a larger number of dollars, but it must keep a reserve to cover emergencies.
So for every dollar you put in which the bank may pay you 3% interest, it can then loan anything from 10 to at times 40 dollars for your one dollar at say 10% interest.
But they have generally being required to hold something like 10% of money held just in case it is called upon. It is called fractional reserve banking & that means for the economies to survive they must keep creating money out of thin air to keep the supply expanding.
Well it has now being suggested that that is holding the economy back so they shouldn't be holding any in reserve. This will allow banks & central banks to print (or quanittive ease) at will, making the end problem worse.
In the US the Federal Reserve has failed in its original announced mission when it was established in 1913 to maintain the value of the US dollar. The US dollar is now worth 3 cents in value to what the dollar was worth in 1913. That affects all other countries as all currencies are tied to the US dollar because of Bretton Woods in 1944.
Currently in the US many people are upset with the US government over the healthcare program. Combined with the bail outs in partiuclar the on going ones of Freddie Mac & Fannie Mae the US government is taking control of areas that were before the domains of private companies.
Here in NZ the Government has taken more control over local bodies firstly in the set up of the new 'Super' city of Auckland & more directly the disestablishment of Ecan, an elected council, as well as several health boards.
History shows that when things are getting tough or about too, then the governments start to exercise more control & people enjoy less freedom.
So as to the title of this blog. What is the tipping point?
Actually it was worked out some time ago through a group that follow Austrian economics.
The Tipping point of an economy is reached when a) Debt exceeds 73% of GDP & b) when Debt exceeds 230% of external exports.
Now as problems broke out with Greece there were figures saying Greece was close, but they were manipulated & in fact Greece & the whole of Europe, Britain & the US (not to mention here in NZ) were much higher according to the Daily Reckoning at the time.
For example this was the figures for the US just two days ago that came via a Robert Kiyosaki source.
a) Debt in the US now exceeds 96% of GDP
b) Debt in the US now exceeds 748% of External Exports.
This is a quote from Alan Greespan, the previous Chairman of the Federal Reserve, as quoted in the USA today.
"Regulators (the federal reserve etc) almost certainly will be unable to prevent future crises, so the focus should be on structuring the financial industry, so that it can better absorb unexpected blows".
A point made in the article by Robert Kiyosaki is that in 1914 the German people had no idea that anything was wrong, until the hyperinflation hit in 1923. That is why the German people are so upset with their government now for helping bail out Greece. they do remember that lesson.
This time is no different & in fact the title of the book opposite is what the economists would have you believe that "this time it is different" we have it under control.
In NZ that would call for a Tui's advert with the NZ laconic saying "yeah right".
The US has printed more money in the last year than in the whole previous 200 years of its existance.
To control inflation as the economies get close to collapse, governments will impose wage & price freezes as New Zealnders will well remember Sir Robert Muldoon doing in the early 80's as world inflation started to spiral out of control. Of course once he took them off then things like house prices just went through the roof.
Something that came up amongst all this was that all four US Presidents that have being assasinated were trying to or had implimented a return to the dollar based against gold or silver.
When he was shot President Reagan was also trying. He had implimented a report into taking the US dollar back on the gold standard only to find he couldn't, because all the US gold is actually under Caveat to the IMF. So effectively although the US is often touted as the country with the most gold, it in effect is like Britain & has none.
Britain has none because Gordon Brown sold it all when gold was at its lowest price.
An even more interesting case is the Credit Rivers case in 1968 where a Judge Mahoney ruled in the US that upheld the Jusitces ruling that fiat currency was not real therefore a bank could not foreclose (mortagee option) on a property. It was also ruled that their appeal was not legal as they used fiat currncy to file it &that was illegal. He died in a fishing 'accident' shortly afterwards.
His judgement was never followed up on.
More recently a whistle blower on the manipulation of the precious metal markets was involved in a hit & run accident & all reports about what he exposed have not being followed up in the US by mainstream media.
Examples of what he found where in the london market there were 100 paper gold trades to every oz of gold. So if people try to take delivery of the gold & find it is not there then it would result in a huge spike in the price of gold.
Also recently in the US the ability to exchange ETF's & other paper trades for actual gold & silver has being removed. It is quite possible, in fact likely probable, that most holding those paper trades have no idea.
Now a lot of that sounds like cloak & dagger, with conspiracy thrown in & the stuff of movies.
It is not.
In the 80's as a soldier I spent sometime on a vacation talking to a former US special forces operator who had being offered hit jobs in the US & Europe. My mate & I found him very crediable & once we were away from him found we were being followed across Europe by different people.
I was offered one myself when in the US. & I have a mate who has carried out 'black ops' as they are called for the US government.
People need to educate themselves to see what is coming. Thereby prepare themselves for that by using the secrets of the Rich. Robert Kiyosaki has a book out called 'Conspiracy of the Rich' which for some reason I can not find on here today. Read it.
Friday, April 9, 2010
The band played as the Titanic sunk.
Kia ora,
Well with all the information coming through it would seem to be that the ship is starting its slide to the bottom.
One group of analysts worked out that if the US government sold all its assets & all those of its citizens it would still owe US$50 Trillion.
Then they moved onto the manipulation of the unemployment figures which for the first time in ages showed the creation of 162 thousand jobs.
Well until they dug into them then it ended up 67 thousand jobs lost.
Included in the 162K were the 48K jobs created for the census, so not full time jobs & not jobs that create wealth. Some of the others were paper creations using formulas to work out how to cover births,deaths & weather fluctuations.
The main point they made is that Governments don't create wealth. They might look like they are doing something, but in fact by creating jobs that do not create wealth they are making the situation worse.
There was also the very interesting quote from Albert Edwards of Societe Generale on the European Debt crisis.
"My own view on this is that obviosly we should of never have got into this wholly avoidable mess in the first place."
He then adds "But having got here, there is really no way out that does not trigger a major market moving upheaval".
So basically he is saying we are stuffed as far as economic future is coming over the next few years. He is just talking about Europe, but the UK & US are in much greater mess. Unlike the Europeans they have being printing currency overtly & covertly to try to get them out of the mess, but in the long run will make it worse & the people helping them are the ones who will benefit the most.
Well with all the information coming through it would seem to be that the ship is starting its slide to the bottom.
One group of analysts worked out that if the US government sold all its assets & all those of its citizens it would still owe US$50 Trillion.
Then they moved onto the manipulation of the unemployment figures which for the first time in ages showed the creation of 162 thousand jobs.
Well until they dug into them then it ended up 67 thousand jobs lost.
Included in the 162K were the 48K jobs created for the census, so not full time jobs & not jobs that create wealth. Some of the others were paper creations using formulas to work out how to cover births,deaths & weather fluctuations.
The main point they made is that Governments don't create wealth. They might look like they are doing something, but in fact by creating jobs that do not create wealth they are making the situation worse.
There was also the very interesting quote from Albert Edwards of Societe Generale on the European Debt crisis.
"My own view on this is that obviosly we should of never have got into this wholly avoidable mess in the first place."
He then adds "But having got here, there is really no way out that does not trigger a major market moving upheaval".
So basically he is saying we are stuffed as far as economic future is coming over the next few years. He is just talking about Europe, but the UK & US are in much greater mess. Unlike the Europeans they have being printing currency overtly & covertly to try to get them out of the mess, but in the long run will make it worse & the people helping them are the ones who will benefit the most.
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