The War
on Cash
is not merely continuing, it is intensifying. It began in the West,
with relatively minor infringements on
our
right to use the currency of our own nation
. The War has now shifted to
India, been radically ratcheted up, and inflicted upon a population of 1.2
billion people, where 68% of transactions were conducted with cash.
Regular readers have been warned in the
past about the insidious corruption of the Modi regime, when it attempted to
literally steal the gold of its own people with its
“gold
deposit scheme”
(scam). Out of the blue, this oppressive regime announced a
ban on 500- and 1,000-rupee notes – which
represented
86% of all currency
. Now it is going even farther.
No matter how badly India’s “experiment”
fails, it will be labeled a success by the Western propaganda machine, and (of
course) the Modi regime itself. And then it will be copied by our own corrupt
regimes. For any readers, who do not comprehend the severity of this threat,
understand the context.
Our interest rates have been fraudulently
manipulated to near-zero (or lower) in perpetuity. Meanwhile, inflation rages,
while our puppet governments pretend it is near-zero. What this means is that
all of our paper savings is perpetually blood-sucked by the full rate of that
inflation. But even this isn’t enough.
“Negative”
interest rates have now started appearing in the Western world, and those
regimes which have not yet embarked upon this outrage are threatening to do so.
There is no such thing as a negative
interest rate
. An interest rate, by definition, is a positive number. It is
the price we pay for the use of capital.
The use of capital is a valuable thing. A
price of less-than-zero for the use of capital is not a transaction. It is a
crime. Negative interest rates are a prima facie act of theft. Now
combine negative interest rates and a
War on Cash. We’re forced to deposit all of our (paper) wealth into banks, and
then these “banks” (i.e. institutions of crime) steal that wealth, bit by bit,
via “negative” interest rates.
Forcibly stealing our wealth, in a systemic
and systematic manner is more than a mere crime. It is an assault on our
economic liberty, to the most extreme degree. To put this Crime of the Century
into context, recall a quotation from 1948.
Is there a connection between Human Freedom and a Gold Redeemable Money?
At first glance it would seem that money belongs to the world of economics and
human freedom to the political sphere.
But when you recall that one of the first moves by Lenin, Mussolini
and Hitler was to outlaw individual ownership of gold, you begin to sense that
there may be some connection between money, redeemable in gold, and the rare
prize known as human liberty
. [emphasis mine]
The year 1948 not only predates the War on Cash, it predates the War on
Good Money (i.e. gold-redeemable money), when a corrupt U.S. regime of a
previous generation assassinated the last vestige of our gold standard.
Who wrote those words, nearly 70 years ago? None other than Rep. Howard Buffett,
father of Warren Buffett. The irony here will not be lost on astute readers.
Howard Buffett was an advocate for gold and good money.
Warren Buffett is a pusher of paper,
and a lover of the banks who create it.
With our paper markets having been manipulated to bubble levels, Warren
Buffett is sitting on (
at last report) $85 BILLION vampire dollars – just waiting to capitalize on the
misery of others, when the bubbles are burst by his friends, the bankers.
Put your paper wealth into markets, and it will be quickly reduced to a
small fraction of its former size. Put that paper wealth into our
bubble real estate markets, and
that wealth will be quickly reduced to a small fraction of its former size. Put
that paper wealth into the bank, and it will be devoured by both “inflation”
(i.e. banker money-printing) and “negative” interest rates.
With all avenues for our paper wealth leading to disaster and ruin,
what are we to do for salvation? Why did Howard Buffett assert a connection
between liberty and a gold redeemable money?
In a free country the monetary unit rests upon a fixed foundation of gold or gold and
silver independent of the ruling politicians. Our dollar was that kind of money
before 1933. Under that system paper currency is redeemable for a certain
weight of gold, at the free option and choice of the holder of the paper money.
That redemption right gives money a large degree of stability. The
owner of such gold redeemable currency has economic independence.
He can
move around either within or without his country because his money holdings
have accepted value anywhere.
[emphasis mine]
In the mind of Howard Buffett, it was not the gold standard which
provided and defined our economic liberty, it was the gold behind it. But
Howard Buffett had still more to say:
The subject of a
Hitler or a Stalin is a serf by the mere fact that his money can be called in
and depreciated at the whim of his rulers.
As our
governments begin “calling in” and depreciating our so-called money, the logic
here is pretty simple. According to no less than Warren Buffett’s father, the
Honorable Howard Buffett, we are currently ruled by a collection of Hitlers and
Stalins, and we are being reduced to mere
serfs. Regular readers will see nothing
particularly shocking in such an equation.
How do
we resist the economic fascism being imposed by these 21
st century
Hitlers?
Gold
– and silver
. Real money,
honest money, economic liberty from this fascism. Indeed, the good money of
which Howard Buffet wrote 69 years ago still exists, in the form of our legal
tender gold and silver coins.
Could
our governments simply “call in” our gold and silver money in the same manner
that these fascists plan on calling in our paper currencies? In a word, no.
What is the threat behind the bans on cash being imposed (now) around the
world?
Deposit your paper currency into the
bank
[thief] of
your choice, or it will be declared worthless
.
The
holders of gold and silver legal tender currency would simply laugh at such a
threat. Fiat currency, as its name implies, relies upon government fiat for its
value. Remove the fiat, and it is just paper – worthless. Gold and silver are
above any petty decrees from these tin-pot dictators.
Gold
and silver do not derive their value because our (corrupt) governments think
they have value. Gold and silver get their value from the fact that
we think they have value, and have
thought this way for more than 4,000 years.
Our
governments lie to us, and their Masters the bankers steal from us. They steal
on behalf of
their Masters, the oligarchs. One of the leaders of this
banking
Crime
Syndicate
confessed to his crime,
before he became one of the leaders of this banking Crime Syndicate.
In the absence of the gold standard,
there is no way to protect savings from confiscation through inflation.
- Alan
Greenspan
, 1966
Understand that at the time that
Greenspan uttered his warning/confession that it was illegal for Americans to
possess gold. Had this banking criminal chose to utter the same warning today,
he would have had to amend it.
In the absence of the gold standard,
there is
only one way to protect
savings from confiscation through inflation: gold and silver.
The Rule of Law is dead. Our Constitutions lie in tatters,
metaphorically shredded by our corrupt governments. In such a world, there is
only one path to liberty.
The
Hitlers and Stalins come and they go, fortunately. Gold and silver – and the
economic
liberty
they represent – endures.
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Jeff Nielson is co-founder and managing partner of Bullion Bulls Canada; a website which provides precious metals commentary, economic analysis, and mining information to readers and investors. Jeff originally came to the precious metals sector as an investor around the middle of last decade, but with a background in economics and law, he soon decided this was where he wanted to make the focus of his career. His website is www.bullionbullscanada.com.
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The views and opinions expressed in this material are those of the author as of the publication date, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
