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Topic starter
Here are some worthwhile insights from a pretty good market analyst -- Richard Russell (despite the probable fact that he is an 80 year old jew or part jew). Every White man benefits from understanding the inflationary collapse that lies ahead. Of course, the dollar, by then, may be replaced by the "Amero" -- of the coming (already here) North American Soviet Union (the European Soviet Union is well established, as we know). But the Amero is likewise doomed, before it is even created. Of course, the Euro is doomed too. All fiat money will suffer the same dollar-connected fate.
An article in last week's Financial Times notde that the US government maintains two sets of books. The book that we never see deals with national debt and legal obligations of the US. The total of what the US owes come to the staggering sum of $79 trillion dollars.
This is a bit more than what the Bush administration claims. The so-called "President's Budget" issued by the Department of Management and Budget shows that the deficit for 2005 was $319 billion. The rather secret Financial Report of the United States issued by the Treasury states that the deficit was $760 billion.
The US government would have reported nearly $40 trillion in losses since 1997 if the deterioration of Social Security and Medicare had been included, according to a USA Today analysis. This based on accepted accounting principles which require reporting financial burdens as they are incurred rather than when the come due.
Obviously, these debts and liabilities will never, ever be paid off in anything resembling today's dollars. One of two things (probably both) must occur. The US's liabilities will be "changed" or reneged on to a large extent. And secondly, what's left of the US's liabilities will be paid with inflated dollars.
Our new Treasury Secretary may be dealing with these problems. But the problems are too huge to be handled in any sane or honest way. The fact is that Congress has spent far too much, running up budget deficits year after year. And Congress has promised the American people far more than the US can ever deliver.
One thing is certain. The US must continue on the inflation path. A second thing is certain. With this much debt imbedded in the US economy, deflation would be deadly; thus the Fed will do absolutely anything rather than deal with or allow deflation
In the face of these facts, Americans have only one true defense against this depressing long-term picture. And that's to own gold or real money. I say this because the dollar is doomed as is every fiat paper currency that has ever been created. The question is not a matter of whether, it's simply a matter of timing. The fundamentals which will lead to the dollar's demise are already literally set in stone.
What about protecting oneself in another currency? The problem is that the reserves of every nation are largely in US dollars. If the US dollar goes, it will take down every other paper currency with it. Despite the logic of this picture, many central banks are now diversifying by adding other currencies to their mix. Some such as China and Russia are increasing the meager gold portion of their foreign reserves.
My guess (prediction) is that somewhere ahead as the bull market in gold reaches it's third or final phase, we'll see a worldwide panic to own gold. The panic will include holders of fiat paper from around the world as well as the various central banks of the world. The panic for gold lies a few years to perhaps ten years ahead.
Holders of gold can relax in the knowledge that the only money that cannot go bankrupt is the intrinsic money that we call gold. This is the fact that no government and no central bank will admit to or deal with. It's the reason why, over the ages, nations and wise men have always opted to accumulate gold. Gold has always gone to the most powerful nations and the wealthiest individuals. These nations and individuals were not concerned with profits -- they were concerned with power and wealth.
Posted : 16/08/2006 1:12 pm
He didn't mention silver. Wonder how come ??
During the 1930's depression, the problem most people had was not enough paper money in circulation. The next depression will be the opposite, I presume, and similar to Germany during their 1930's depression, where everybody had wheel barrows full of useless paper money, that wouldn't buy crap.
Zat what you predict, Devere ??
“To learn who rules over you simply find out who you are not allowed to criticize” —–Voltaire
Posted : 16/08/2006 1:49 pm
Topic starter
He didn't mention silver. Wonder how come ??
During the 1930's depression, the problem most people had was not enough paper money in circulation. The next depression will be the opposite, I presume, and similar to Germany during their 1930's depression, where everybody had wheel barrows full of useless paper money, that wouldn't buy crap.
Zat what you predict, Devere ??
We are headed down the wheelbarrow path. Russell doesn't discuss silver much. Don't know why exactly. Steven Saville -- the best analyst in my opinion (and an Aryan) -- believes gold will outperform silver in this next leg up. However, he believes there will be several legs up -- and that may not be true in the leg after next. Others believe silver, in this next leg, will reach $60 (it's currently at $12). Who knows? Just be in both -- for the next ten years.
Posted : 16/08/2006 3:08 pm
Devere, do you have any thoughts on palladium bullion? I noticed it made a nice gain today.
Posted : 16/08/2006 3:11 pm
Topic starter
Devere, do you have any thoughts on palladium bullion? I noticed it made a nice gain today.
I believe the market is relatively small and, therefore, illiquid. That makes for difficult (and expensive) trading. Best to stay with the huge gold and the large silver markets, in my opinion.
Posted : 16/08/2006 3:36 pm
He didn't mention silver. Wonder how come ??
Silver is rarely mentioned. Once silver becomes more mainstream and talked about, that's when it's time to get out. The only people right now that talk about silver are hard core silver investers. Anyone that has been or is currently investing in silver is way ahead of the game.
"I have nothing to say"
Posted : 16/08/2006 6:22 pm
Holders of gold can relax in the knowledge that the only money that cannot go bankrupt is the intrinsic money that we call gold.
HA ! With so much jewish control and jews in government , they will ban it .
Just like the Soviet Union ( had the death penalty , for holding gold ) , pseudo soviet America in the '30's , when it was 10 yrs in prison for holding gold bullion.
Fully expect the gov to try to confiscate and criminalize the holding of bullion .
So , you say ' I just ain't goin' ta turn it in ' . OK , then who are you going to trade it with , who can you trust ? How do you know that guy offering you food/property/whatever isn't a fed agent ? Who will want the bullion , if it carries severe penalties for holding it ? Who will trust you , you might be a Fed Agent ?
So , you will just leave the country ! Think again, White Man , that is when they will have the borders closed tighter than a drum and troops all over the border .......... It's one rule for you , another rule for everyone else.
Just consider these potential problems and how you might deal with them .
The rich have this problem lick'd . They keep their gold in multiple countries that have never banned the possession of gold , like Switzerland , Luxembourg , Channel Islands , etc.
.
[color="Red"]"sneaky 'GD' Jews are all alike." ......Marge Schott
" I'd rather have a trained monkey working for me than a nigger,"
Posted : 16/08/2006 8:44 pm
HA ! With so much jewish control and jews in government , they will ban it .
Just like the Soviet Union ( had the death penalty , for holding gold ) , pseudo soviet America in the '30's , when it was 10 yrs in prison for holding gold bullion.
Fully expect the gov to try to confiscate and criminalize the holding of bullion .
So , you say ' I just ain't goin' ta turn it in ' . OK , then who are you going to trade it with , who can you trust ? How do you know that guy offering you food/property/whatever isn't a fed agent ? Who will want the bullion , if it carries severe penalties for holding it ? Who will trust you , you might be a Fed Agent ?Just consider these potential problems and how you might deal with them .
The rich have this problem lick'd . They keep their gold in multiple countries that have never banned the possession of gold , like Switzerland , Luxembourg , Channel Islands , etc.
That's a compelling reason to buy silver. Of course, the ZOG might outlaw ownership of silver too, but there's a hell more of it for ZOG to try and monitor than gold.
“To learn who rules over you simply find out who you are not allowed to criticize” —–Voltaire
Posted : 16/08/2006 8:57 pm
That's a compelling reason to buy silver. Of course, the ZOG might outlaw ownership of silver too, but there's a hell more of it for ZOG to try and monitor than gold.
I guess that you could melt the gold and make crude jewelry . They don't usually confiscate jewelry , otherwise most wedding rings would be illegal . (This is how jewish jewelers would be able to evade all controls and help their fellow criminals, jewelers converting bullion to bulk jewelry . Gold is easy to work, very ductile . )
The Spanish did this in South America , 25 foot chains made out of solid gold links. They did this to avoid the 'King's Fifth' ( 20% tax on all coin and bullion but jewelry was exempt ). So carry a giant chain of gold , every time you need to trade, just open a link and take it out to pay someone .
I can just see Rounder looking like some rapper , with gold chains draped around his neck
'What it is , bro ?' 
( The Chinese that worked the gold fields of California and returned to China with their gold would cast all their gold into pots and pans then cover them with a thick layer of grease and soot. They did this to conceal the gold from customs , criminals and corrupt officials . )
.
[color="Red"]"sneaky 'GD' Jews are all alike." ......Marge Schott
" I'd rather have a trained monkey working for me than a nigger,"
Posted : 16/08/2006 9:35 pm
If you can afford gold, you can afford something to ensure a nasty surprise when they come to take that gold.
Posted : 16/08/2006 11:23 pm
I guess that you could melt the gold and make crude jewelry . They don't usually confiscate jewelry , otherwise most wedding rings would be illegal . (This is how jewish jewelers would be able to evade all controls and help their fellow criminals, jewelers converting bullion to bulk jewelry . Gold is easy to work, very ductile . )
The Spanish did this in South America , 25 foot chains made out of solid gold links. They did this to avoid the 'King's Fifth' ( 20% tax on all coin and bullion but jewelry was exempt ). So carry a giant chain of gold , every time you need to trade, just open a link and take it out to pay someone .
I can just see Rounder looking like some rapper , with gold chains draped around his neck
'What it is , bro ?'
( The Chinese that worked the gold fields of California and returned to China with their gold would cast all their gold into pots and pans then cover them with a thick layer of grease and soot. They did this to conceal the gold from customs , criminals and corrupt officials )
how abt those 'gold coin necklaces'...?....u know the ones.....
where a gold coin (exmpl: a Pommy sov') is framed and then hung with a chain &c?
(jimbo!)
'history' is a lie commonly agreed upon....(Voltaire).....the "modern world" is a jewish disease!....
Posted : 17/08/2006 2:15 am
how abt those 'gold coin necklaces'...?....u know the ones.....
where a gold coin (exmpl: a Pommy sov') is framed and then hung with a chain &c?
I know exactly what you are talking about .
Any jewelry that allowed for the easy removal/recovery of the coin would be the same as coin/bullion ( I don't know how it is in your country, but this is most likely the case . Start buyin' them junk gold rings .)
.
[color="Red"]"sneaky 'GD' Jews are all alike." ......Marge Schott
" I'd rather have a trained monkey working for me than a nigger,"
Posted : 17/08/2006 4:35 pm