I think gold is a good standard. The state cannot be trusted with the fiatness of the currency system. Value should be based on labor and commodity for honesty, not on the level of printing. Devaluation of private reserves is a risk of fiat currency, especially of those who have very little. They can at least gather gold.
The gold standard could potentially be adjusted intelligently rather than paper money systems. They could say that we're going to try to increase the value of gold, and begin paying more for gold. Then the gold would still be the rock, and they would adjust the competing paper trades in relation to gold. A dollar is worth one unit of gold, where a unit is a set amount which can be changed, but which does not float.
Negotiating financial difficulties should not be done with paper. That is like looking away to stop an attacker. If they're earnest they will kill you, but if they care they might change their ways. Try it.
We should instead change our level of industrial or commercial readiness than print more or less money. Maybe change an interest rate. But changing the amount of money we print is probably not going to work.
End of dense information.
For those who are tricked by the simple: let's say there's only enough gold for everyone to have one pound of it. This does not limit the ability of gold to be a value marker. We could substitute it for lead slugs, of which there are plenty. The $/ounce ratio is the only thing that changes. Make it $/grain if you like, the important thing is that the price is reasonably set. Quantity of gold is a hollow argument.
Sunday, December 23, 2007
Gold
"The second reason is that when the government inflates the money supply they are really taxing the public in a truly pernicious and largely invisible way. I hate it when the government can tax the public without standing up and saying, "Hey, we're taking the money." It is an abdication of the responsibility to justify government policy to the public."
This is why the Federal Reserve is the circumvention of representation.
It is also an unapportioned direct tax. The Federal Reserve is taxation without representation and a violation of the Constitution.
This is why the Federal Reserve is the circumvention of representation.
It is also an unapportioned direct tax. The Federal Reserve is taxation without representation and a violation of the Constitution.
Ayn Rand
"To trade by means of money is the code of the men of good will. Money rests on the axiom that every man is the owner of his mind and his effort. Money allows no power to prescribe the value of your effort except the voluntary choice of the man who is willing to trade you his effort in return. Money permits you to obtain for your goods and your labor that which they are worth to the men who buy them, but no more."
Money cannot accurately describe $. Its loopholes will choke us all until bypassed.
Money cannot accurately describe $. Its loopholes will choke us all until bypassed.
Thursday, December 13, 2007
Retirement Finance
Many workers contribute money to retirement funds. Some have maxed out their contributions at $2000 to $4000 monthly into these funds.
This is unwise if you consider the economic climate we are currently experiencing. All of these investments are made in USD, which has fallen 45% in value since 2000. From 2000-2007 your retirement fund has depreciated 45% in value. Have you added 45% of its total worth to the fund in those 7 years? During those years, a growth rate of 6.4% is unlikely. Such growth is required merely to maintain the value of your retirement without adding to it.
Even if your company matches the money you put into your account you have only made $5%. If you had invested in gold from 2000 to 2007 you would have made and kept money value as the price of gold appreciated and also spared yourself from dollar inflation.
Let's say the price of the dollar depreciates by 30% from 2007 to 2010. Your retirement savings could be slashed by such a loss. If you invested in gold your resources would remain roughly the same. In such an environment the price of gold is also likely to rise, earning you wealth.
If you have $10,000 a year to invest in your retirement and you sent them to a retirement earning a hearty 4%, you would begin with 2008 at 10,400, minus 10% = $9,360[2008 dollars]. Add another $10,000 in 2009. 19360 + 4% = $20134. 10% inflation leaves you $18,120[2008]. You should be ahead money. In 2010 you contribute what looks like another $10,000, which are worth 81% of 2008 dollars. $28,120 + 4% = $29244. 10% inflation gives you $26,320 [USD2008].
So even after 3 years of earning 4% in your retirement fund, you've turned $30,000 into $26,320. If you had bought gold instead with those $30,000, you would have at least still $30,000, and more if gold appreciates in value during that time. London increased the estimated price of gold by above 10% for 2008 and 2009.
Tax incentives can be overlooked on normal wages, as the 16th amendment and the USSC state in numerous court cases that wages are not 'income', and the income tax is a direct unapportioned tax, which is unConstitutional. You do not need to pay income tax unless you run a business or are financially wealthy. Withdrawing money from funds you have paid into may invoke penalties described in the contract. You should be able to withdraw money from funds that are 'tax exempt' or sheltered because you don't need to pay income tax, or some may invoke penalties.
Morgan Stanley has issued a warning of recession. Alan Greenspan gave a 50% chance of a dollar crisis within the next 3-5 years about 2 years ago. The ex-CFO of the World Bank predicted a 60% chance of financial crisis within the next 2 years about 2 years ago. These predictions should be cited below. A major trading company working with the USG predicted zero market liquidity within 12-24 months beginning in Fall 2007, when the credit crisis appeared. The Federal Reserve and European banks printed some $62 billion of new money to put into the failing system, causing massive inflation. China has collected $1.4 trillion in dollars and has made plans to sell a majority of them. We are on top of a housing crisis, a dollar value crisis, and a credit crisis. We have a net loss of some $500 billion annually, on top of new expenditures in Iraq topping $2 trillion. We have a national debt of ~$9 trillion dollars, and just recently extended our credit limit from the previous ~$8.7 trillion to $9.8 trillion, which we are set to surpass before FY2009. We are looking at a rising cost of living, even if inflation were 0%, as health insurance, food, and fuel costs rise. British studies say peak oil was in 2006 and that oil availability will decline by 7% annually until the end of natural oil. A recession may be planned to coincide with this fuel use and growth scenario to extend the era of oil and energy control.
Dollar inflation is a serious risk because of our administration's financial practices. If this economic situation implodes we could lose the dollar. Forget inflation. We rely on global finance and economic networks to trade in dollars for much of our profit and supporting dollar value. Housing values might plummet as well. Those investing in real estate might find the value of their home dramatically downgraded. Investment properties could become a risky investment if made in terms of dollar value over time.
The money you have now could be soaked up and worn down by these economic disasters, forcing you to extend your employment or live in poverty. Gold and other precious metals will not depreciate in value during these disasters. You can invest in gold and other durable resources today to avoid disaster. Even dry goods will remain useful if you do not save for retirement or are not close to or planning on retiring. If you are already a pensioner, it may be worthwhile to stockpile some goods or keep your investments in more secure durabilities.
As our economy is eroding, so is our state. Enhance your knowledge of civil liberties and good culture. Enhance your social connections to help you and your community in the event of a crisis.
This is unwise if you consider the economic climate we are currently experiencing. All of these investments are made in USD, which has fallen 45% in value since 2000. From 2000-2007 your retirement fund has depreciated 45% in value. Have you added 45% of its total worth to the fund in those 7 years? During those years, a growth rate of 6.4% is unlikely. Such growth is required merely to maintain the value of your retirement without adding to it.
Even if your company matches the money you put into your account you have only made $5%. If you had invested in gold from 2000 to 2007 you would have made and kept money value as the price of gold appreciated and also spared yourself from dollar inflation.
Let's say the price of the dollar depreciates by 30% from 2007 to 2010. Your retirement savings could be slashed by such a loss. If you invested in gold your resources would remain roughly the same. In such an environment the price of gold is also likely to rise, earning you wealth.
If you have $10,000 a year to invest in your retirement and you sent them to a retirement earning a hearty 4%, you would begin with 2008 at 10,400, minus 10% = $9,360[2008 dollars]. Add another $10,000 in 2009. 19360 + 4% = $20134. 10% inflation leaves you $18,120[2008]. You should be ahead money. In 2010 you contribute what looks like another $10,000, which are worth 81% of 2008 dollars. $28,120 + 4% = $29244. 10% inflation gives you $26,320 [USD2008].
So even after 3 years of earning 4% in your retirement fund, you've turned $30,000 into $26,320. If you had bought gold instead with those $30,000, you would have at least still $30,000, and more if gold appreciates in value during that time. London increased the estimated price of gold by above 10% for 2008 and 2009.
Tax incentives can be overlooked on normal wages, as the 16th amendment and the USSC state in numerous court cases that wages are not 'income', and the income tax is a direct unapportioned tax, which is unConstitutional. You do not need to pay income tax unless you run a business or are financially wealthy. Withdrawing money from funds you have paid into may invoke penalties described in the contract. You should be able to withdraw money from funds that are 'tax exempt' or sheltered because you don't need to pay income tax, or some may invoke penalties.
Morgan Stanley has issued a warning of recession. Alan Greenspan gave a 50% chance of a dollar crisis within the next 3-5 years about 2 years ago. The ex-CFO of the World Bank predicted a 60% chance of financial crisis within the next 2 years about 2 years ago. These predictions should be cited below. A major trading company working with the USG predicted zero market liquidity within 12-24 months beginning in Fall 2007, when the credit crisis appeared. The Federal Reserve and European banks printed some $62 billion of new money to put into the failing system, causing massive inflation. China has collected $1.4 trillion in dollars and has made plans to sell a majority of them. We are on top of a housing crisis, a dollar value crisis, and a credit crisis. We have a net loss of some $500 billion annually, on top of new expenditures in Iraq topping $2 trillion. We have a national debt of ~$9 trillion dollars, and just recently extended our credit limit from the previous ~$8.7 trillion to $9.8 trillion, which we are set to surpass before FY2009. We are looking at a rising cost of living, even if inflation were 0%, as health insurance, food, and fuel costs rise. British studies say peak oil was in 2006 and that oil availability will decline by 7% annually until the end of natural oil. A recession may be planned to coincide with this fuel use and growth scenario to extend the era of oil and energy control.
Dollar inflation is a serious risk because of our administration's financial practices. If this economic situation implodes we could lose the dollar. Forget inflation. We rely on global finance and economic networks to trade in dollars for much of our profit and supporting dollar value. Housing values might plummet as well. Those investing in real estate might find the value of their home dramatically downgraded. Investment properties could become a risky investment if made in terms of dollar value over time.
The money you have now could be soaked up and worn down by these economic disasters, forcing you to extend your employment or live in poverty. Gold and other precious metals will not depreciate in value during these disasters. You can invest in gold and other durable resources today to avoid disaster. Even dry goods will remain useful if you do not save for retirement or are not close to or planning on retiring. If you are already a pensioner, it may be worthwhile to stockpile some goods or keep your investments in more secure durabilities.
As our economy is eroding, so is our state. Enhance your knowledge of civil liberties and good culture. Enhance your social connections to help you and your community in the event of a crisis.
Saturday, December 01, 2007
Amero
I will not be trading in ameros. I do not accept responsibility for the irresponsible actions of those organizing the printing and spending of dollars. By being in this economy and trading in dollars, or ameros, I am helping support their strength and misuse.
Please do what you can to reduce dollar use. Surprisingly, using paper money and not credit is one of the better ways to reduce dollar use. Every dollar you put into the bank produces about $100 of credit for other individuals. Every dollar you owe also makes about 100 new dollars of credit to be lent as well.
Newstarget
The end of Free Speech in America has arrived at our doorstep. It's a new law called the Violent Radicalization and Homegrown Terrorism Prevention Act, and it is worded in a clever way that could allow the U.S. government to arrest and incarcerate any individual who speaks out against the Bush Administration, the war on Iraq, the Department of Homeland Security or any government agency (including the FDA). The law has already passed the House on a traitorous vote of 405 to 6, and it is now being considered in the Senate where a vote is imminent. All over the internet, intelligent people who care about freedom are speaking out against this extremely dangerous law: Philip Giraldi at the Huffington Post, Declan McCullagh at CNET's News.com, Kathryn Smith at OpEdNews.com, and of course Alex Jones at PrisonPlanet.com
Oil has fallen to around $90 per barrel, but Hugo Chavez has said if the US doesn't stop effing with Venezuela, as shown in Operation Pliers, he will halt the 15% of our oil that comes from his country. This would make peak oil today. We have manipulated his elections, tried to kill him, and plotted coups to overthrow his government. We have operations of this sort in every country with valuable resources or manipulatable leaders.
I advise retirees to examine their financial vehicles. It is very probable that income taxation will end in 2009. It may be wise to remove savings now and place them in secure areas, as the dollar is collapsing and you probably won't have to pay tax on them or be audited until income taxes are eliminated. If you are audited, men and women from Louisianna and Nevada have been acquitted of income tax evasion and still do not pay income taxes. Ex-IRS agents have not paid taxes for years and years and don't plan to, because they have seen that there is no law saying they should or can.
House Bill S1959 might have me arrested for writing this kind of downturn-warning economic news and other news. This is protected by natural law, my first and fourth amendment, and by the fact that no warrant could reasonably be issued to investigate me based on these statements or any others I have made in my life. I am a non-violent man. House Bill S1959 would give far greater leverage to the enforcers of law to charge arrest investigate and do with as they please outside the law. It passed the house recently with a ~400-6 vote. Call your senators to ban it at www.tacticaledge.blogspot.com. Ron Paul doubtless voted against it.
Who else voted against S1959?
Please do what you can to reduce dollar use. Surprisingly, using paper money and not credit is one of the better ways to reduce dollar use. Every dollar you put into the bank produces about $100 of credit for other individuals. Every dollar you owe also makes about 100 new dollars of credit to be lent as well.
Newstarget
The end of Free Speech in America has arrived at our doorstep. It's a new law called the Violent Radicalization and Homegrown Terrorism Prevention Act, and it is worded in a clever way that could allow the U.S. government to arrest and incarcerate any individual who speaks out against the Bush Administration, the war on Iraq, the Department of Homeland Security or any government agency (including the FDA). The law has already passed the House on a traitorous vote of 405 to 6, and it is now being considered in the Senate where a vote is imminent. All over the internet, intelligent people who care about freedom are speaking out against this extremely dangerous law: Philip Giraldi at the Huffington Post, Declan McCullagh at CNET's News.com, Kathryn Smith at OpEdNews.com, and of course Alex Jones at PrisonPlanet.com
Oil has fallen to around $90 per barrel, but Hugo Chavez has said if the US doesn't stop effing with Venezuela, as shown in Operation Pliers, he will halt the 15% of our oil that comes from his country. This would make peak oil today. We have manipulated his elections, tried to kill him, and plotted coups to overthrow his government. We have operations of this sort in every country with valuable resources or manipulatable leaders.
I advise retirees to examine their financial vehicles. It is very probable that income taxation will end in 2009. It may be wise to remove savings now and place them in secure areas, as the dollar is collapsing and you probably won't have to pay tax on them or be audited until income taxes are eliminated. If you are audited, men and women from Louisianna and Nevada have been acquitted of income tax evasion and still do not pay income taxes. Ex-IRS agents have not paid taxes for years and years and don't plan to, because they have seen that there is no law saying they should or can.
House Bill S1959 might have me arrested for writing this kind of downturn-warning economic news and other news. This is protected by natural law, my first and fourth amendment, and by the fact that no warrant could reasonably be issued to investigate me based on these statements or any others I have made in my life. I am a non-violent man. House Bill S1959 would give far greater leverage to the enforcers of law to charge arrest investigate and do with as they please outside the law. It passed the house recently with a ~400-6 vote. Call your senators to ban it at www.tacticaledge.blogspot.com. Ron Paul doubtless voted against it.
Who else voted against S1959?
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