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sonora69 - 11/27/2015 at 7:00 PM GMT
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 Put 10% of your assets in gold and pray it doesn't work.  (7)
 - Richard J. Greene - Thunder Capital
Regarding the death penalty, the author is apparently referring to the Coinage Act of 1792.

"Section 19. Penalty on debasing the coins.
And be it further enacted, That

if any of the gold or silver coins which
shall be struck or coined at the said mint
shall be debased or made worse as to the
proportion of the fine gold or fine silver
therein contained, or shall be of less weight
or value than the same out to be pursuant to
the directions of this act, through the default
or with the connivance of any of the
officers or persons who shall be employed at
the said mint, for the purpose of profit or
gain, or otherwise with a fraudulent intent,
and if any of the said officers or persons
shall embezzle a... 
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overtheedge - 11/23/2015 at 9:11 PM GMT
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 The Success of Irish Austerity: The Joke is on Krugman
 - Michael Pento - Delta Global Advisors
The first thing to remember is that Krugman did NOT get a Nobel Prize in Economics.
He got the Sveriges Riksbank (Swedish Central Bank) Prize in Economics in Honor of Alfred Nobel.
Banks produce nothing.
They rent money to borrowers, often money the bank doesn't have in stock.

Tis far too easy to forget that government is an extension of the citizenry sharing similar attitudes.
As a citizen's wages increase, for the most part so does their debt load and spending.
It is no different with government. Tax revenues increase and so does spending as well as the number of new programs.
Hence we see the government engaging in tax revenue enhancement schemes and increased borrowing.

The problem occurs when revenues decline, be it in g... 
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overtheedge - 11/21/2015 at 8:14 PM GMT
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 Brussels Enters Lockdown, Warns of "Paris-Style" Attack, Airport and Sporting Events Closed
 - Mish - Global Economic Analysis
The terrorist is under no obligation to launch an attack by a certain date/time group.
Consider why Brussels might be in the gun sights of terrorists.
Centralization always provides the greatest density of high value targets.
Don't kid yourself for a moment. The terrorists have declared war.
Might I suggest folks put down their gaming tablet computers and read some Clausewitz. 
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overtheedge - 11/21/2015 at 7:43 PM GMT
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 SHANGHAI vs COMEX: Opposite Moves In Silver Inventories
 - Steve St Angelo - SRSRocco Report
Good article, but ...

"The best way to protect oneself from the coming collapse of the U.S. Bond, Stock and Real Estate Markets is to own physical gold and silver."

No! The best is arable land with the skills and inputs needed to put/keep it in food production. Gold and silver carry wealth forward for those times after things settle down and regional commerce begins anew. Otherwise those holding gold and silver will be forced to do the equivalent of eating their seed corn.

Never forget that the weakest link is, was and will continue to be the distribution system. The distribution system is also the highest cost item in the commodity transfer system from producer to end user.

In natural market systems, you must produce a product or ... 
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overtheedge - 11/18/2015 at 9:11 PM GMT
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 Corporations Are Liquidating Themselves, One Buyback At A Time
 - John Rubino - Dollar Collapse
There is an alternate hypothesis as to why the massive share buy-backs.

Begin with the assumption that the corporation is expected to have a much reduced revenue stream.
This could possibly result in bankruptcy.
Enter stock buy-backs with current cash assets and large scale borrowing.
Result? Large scale asset stripping by the shareholders before the ax falls.

Think about the increased debt, reduced cash with little to no increase in manufacturing capability.
Think about the probability that this recession(?) could last a lot longer and even become far worse.
If a corporation is going to fail, why not distribute as much monetary assets as possible to the shareholders in keeping with the fiduciary responsibility to maximize shareh... 
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sam_site - 11/18/2015 at 5:17 PM GMT
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 Why hasn't the Fed's QE caused "inflation"?  (3)
 - Steve Saville - Speculative Investor
So the main reason you cite why inflation hasn't shown up is the counteracting deflationary pressure from debt, job and income losses on consumer spending. If that's true then the inflationary effects from the extra money created by QE would only show up in items that people can't avoid buying.

That would be food and the 20% per year of price hikes we've been seeing in the past three years. That's why inflation should be measured only in unavoidable items like food.  
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walmarde - 11/17/2015 at 11:30 PM GMT
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 Ominous Parallels: The Roman Empire, The European Union, And Mass Migration
 - John Rubino - Dollar Collapse
We should just replace this :
When these Eurasian warriors rampaged through northern Europe, they drove many Germanic tribes to the borders of the Roman Empire.

by this :

When these Americains warriors rampaged through middle-east, they drove many arabes tribes to the borders of the Europeen union.  
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sonora69 - 11/17/2015 at 5:33 PM GMT
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 Does the Bell Toll for the Fed?  (4)
 - Ron Paul - 
Great article!! The Fed has over the years (and certainly not singlehandedly) altered the very concept of what money is. Besides the debt itself, there is bank leverage, derivatives, options, and other exotic multiplications of real monetary value, interconnected and hidden liabilities, "innovative" accounting, and the resulting failure of individuals, businesses, state and local governments, and federal entities to live within their means. The artificially low cost of money, dictated by the Fed and not the market, has only accentuated the problem.

Dodd-Frank was a good start, but one has to wonder about it's implementation, the creative ability of institutions to find other routes to excess, and the very real and credible fear of the deflationary effects.<... 
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sonora69 - 11/17/2015 at 2:46 AM GMT
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 Ominous Parallels: The Roman Empire, The European Union, And Mass Migration
 - John Rubino - Dollar Collapse
Regarding the United States and the Roman Empire, the parallels are very clear:

Debasement of the currency.

A small elite that increasingly controls a greater percentage of of the wealth.

The overextension of our military and influence into regions that eventually become indefensible, and the expensive misuse of the concept of what is " in our National Interest".

Overreliance of the economy on minimum wage and less than full time employment. (In the Roman Empire it was a reliance on slave labor).

Ineffective management of the government and control of government spending.

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S W. - 11/16/2015 at 8:00 PM GMT
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 There Are No Safe Spaces  (12)
 - James Howard Kunstler - 
No excuse for what happened in Paris.
No excuse for the USA lead bombing of Iraq 2003 either.
The pentagon is an asylum and USA citizens should clean out the psychopaths before ww3. 
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overtheedge - 11/16/2015 at 3:01 AM GMT
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 Another Brutal Monday
 - John Rubino - Dollar Collapse
All the public needs to realize is that the bleeding heart socialists, the bureaucrats and the nation's leadership that opened the borders to one and all.
That the same bunch fomented the hatred for the Syrian leadership for keeping a lid on the "rule of the clan".
Same thing for the former leaders of Iraq, Libya, Ukraine and other less well known countries.
Since when is the concept of "bringing democracy" to the world mean elimination of the leaders committed to stomping out the "rule of the clan"?

The "rule of the clan" is the greatest enemy of liberty.
Only idiots and fools would support any process that supports or strengthens clan rule.
Do you honestly think that sane sovereign individuals suddenly decide to kill non-combatants to m... 
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overtheedge - 11/13/2015 at 6:17 PM GMT
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 Russia Sees Gold Reserves As “Additional Financial Cushion” In Face Of “External Uncertainties”
 - Mark O'Byrne -
My math must be faulty or ... ,

$500 billion.
Assume that is in USD and we use US tons as the metric.
1 ton = 24,000 troy ounces
24,000 ozt X $1100 USD = $26.4 million/ton
$500 billion/$26.4 million = 18,938.4 tons

US gold reserves assumed to be 8,133.5 tonnes
1 tonne = 1.023 US (short) tons
8,133.5 x 1.023 = 8,320.6 tons

Verstehen sie?
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sam_site - 11/13/2015 at 10:13 AM GMT
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 On the use of gold coins as money  (15)
 - Hugo Salinas Price -

That's what I like about your emphasis on the re-introduction of silver coins into the Mexican economy. Keep it simple. By keeping the quoted value above the price of silver then people don't melt down their coins to redeem the silver.

Money does not have to be complicated and silver provides for plenty of liquidity while maintaining value with insured scarcity. Some day societies will stop with all these money manipulation schemes and focus on producing products and wealth. In such a world the socialists in California and the financiers in New York may have to get real productive jobs or become obsolete.

There's no substitute for physical products we all need and use and lacking that emphasis has led to many of our current problems.  
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sam_site - 11/10/2015 at 11:50 AM GMT
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 The Leviathan  (10)
 - James Howard Kunstler - 

As you say, "Fed now finds itself in a trap of its own making" and may now have a problem "getting through the holiday season without a financial accident" because as Peter Schiff says when investors figure out the Fed won't and in fact can't raise interest rates, it will finally stampede to gold's safe haven.

Because of this new jobs report bolstering the economy and signaling that we're finally healthy enough for a rate hike, it's now finally time to sh*t or get off the pot. And when the Fed gets off the pot there's going to be a huge market let down and a flight to safety in the panic as Peter suggests. And between both no income producing safe-havens - gold is going to look far safer than paper Treasury Bonds.

If it does raise rates .2... 
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user4779 - 11/9/2015 at 10:53 AM GMT
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 Intellectual Support For Gold-Based Money Is Leading To Political Support  (4)
 - Nathan Lewis - New World Economics
Yes, the intellectual impetus is needed. But a big change to the entrenched political status quo is unlikely, until a disaster points to the need for it. Sadly, we will have to wait for this disaster to happen first. 
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neville - 11/5/2015 at 10:09 AM GMT
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 There is no economic yardstick
 - Steve Saville - Speculative Investor
steve .......Your articles relating to GOLD not being money were some of the most embarrassing ones
to appear on any forum.These articles were like listening to someone who has thrown in the towel where
GOLD is concerned.That you are wetting your drawers with the lousy manipulated performance of GOLD and
the rest of the commodity complex is understandable.......We in the businessympathise with you on that score!!!

To go on ad infinitum that GOLD is NOT money was absurd....GOLD in fact IS BETTER than money ,it IS the
last resort of value especially in the economic climate the world has suffered this past decade .>>>thanks in full
measure to the corrupt skulduggerous manipulors in the american Fed.

The above is in no way trying t... 
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S W. - 10/31/2015 at 7:51 PM GMT
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 Bureaucratic Follies Involving the Number 2
 - Bob Hoye - Institutional Advisors
Another great article from Hoye.
What worries me about the global warming alarmists is that kiddies in school are not being taught anything different and will grow up thinking that someday they will spontaneously combust or have to swim home from work everyday. 
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jb3415 - 11/6/2014 at 12:23 PM GMT
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 On the use of gold coins as money  (15)
 - Hugo Salinas Price -
I wonder, what are the other three countries moving in this direction? 
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overtheedge - 11/22/2013 at 8:42 PM GMT
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 Put 10% of your assets in gold and pray it doesn't work.  (7)
 - Richard J. Greene - Thunder Capital
"The United States Constitution specifically states that the act of attempting to change the backing of money by precious metal is punishable by death."

And just where is this in the Constitution?
Article I section 8 paragraph 6 only states "... provide for the Punishment of ...".
And section 10 paragraph 1 states: "No State ... gold and silver Coin a Tender in Payments of Debts; ... ".
Section 10 does NOT apply to the federal government. Every paragraph in section 10 is a limiter on State actions.

If you'd lie about the Constitution, what else would you lie about?
If I like my plan, I can keep it? 
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