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Post by Entendance on May 9, 2023 8:43:58 GMT -5
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Post by Entendance on May 13, 2023 10:52:07 GMT -5
'...Amid the clamor for using alternatives to the dollar in global trading, BRICS member states will debate introducing a common currency, South Africa's minister of international relations and cooperation recently stated. BRICS nations - Brazil, Russia, India, China, and South Africa - are set to meet for a summit on August 22 in Johannesburg, South Africa. The bloc has long been working on measures to reduce the share of the dollar in mutual payments, and the possibility of a single currency emerging in BRICS is not being ruled out by officials and analysts...'
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Post by Entendance on May 21, 2023 5:33:56 GMT -5
...Slowly, Then All at Once
And amidst all this distraction, division and in-fighting, the reality of rising rates colliding into historically unprecedented debt levels will just crush all stripes of Americans in the same manner Hemingway described poverty: “Slowly, then all at once.”
As Egon has often told me: Be careful what you wish for or already know.
Gold will inevitably go higher as the rest of the nation/world slides into its foreseeable debt trap and fiat end-game.
This may be obviously good for gold; but it will be at the expense of so much else, as the disorder ahead is neither fun nor pretty.
And it’s only just beginning…
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Post by Entendance on May 23, 2023 1:28:14 GMT -5
 In Gold We Trust report 2023
Media And Politicians Throw So Much Bullshit At Us
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Post by Entendance on May 28, 2023 4:28:52 GMT -5
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Post by Entendance on Jul 18, 2023 4:37:07 GMT -5
“Imagine that? We have said this for years and been called “conspiracy theorists” for even having the thought. ALL markets are rigged and it starts with Gold and Silver as they are direct competitors to the world’s fiat currencies. It all starts with suppression of Gold’s (and Silver) price so they can point at Gold and say “see, dollar good …Gold BAD!” As the global Ponzi is about to fail, these riggers are about to get the religious experience of their lives! Gold will again be seen as “money”, which will make high quality Gold and Silver bearing properties “banks”. The train is now leaving the station.
You either get on board now and take a ride to the greatest redistribution of wealth in human history, or…wallow with no purchasing power in the debt-based currency system as it bankrupts into a vortex that will take everything paper straight to hell! - Bill Holter
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Post by Entendance on Jul 29, 2023 0:02:54 GMT -5
Worry about the return ‘of’ your money, not just the return ‘on’ it. U.S. dollar reserve? A liability rather than an asset.
Declining purchasing power was bad enough, but now, to learn that their emergency fund could be frozen or even seized when they need it most? For many nations, that’s the last straw.
In June 2002, Gold sold for $320/oz. and Silver was less than $5/oz.
Any time you see a Gold price target that strikes you as absurd, remember this: in a world of unconstrained money-printing, there is no natural ceiling for Gold’s price.
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Post by Entendance on Aug 19, 2023 23:36:09 GMT -5
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Post by Entendance on Aug 29, 2023 1:22:48 GMT -5
'It is slowly coming clear that the fiat dollar’s hegemony is drawing to a close. That’s what the BRICS summit in Johannesburg is all about — rats, if you like, deserting the dollar’s ship. With the dollar’s backing being no more than a precarious faith in it, it is bound to be sold down by foreign holders. Being only fiat, it could even become valueless, threatening to take down the other western alliance fiat currencies as well.
How do you protect your paper wealth from this outcome? Some swear by bitcoin and others by gold.
This article looks at what is likely to emerge as a replacement currency system, and concludes that from practical and legal aspects, bitcoin and the entire cryptocurrency industry will fail with fiat, while mankind will return to gold, as it has always done in the past when state control over currency fails.
Introduction It is gradually dawning on market participants that the era of fiat currencies is drawing to a close. Monetarists, who first warned us of the inflationary consequences of the expansion of money and credit were also the first to warn us that the slowdown in monetary expansion would lead to recession, and since then we have seen broad money statistics flatline, with bank lending beginning to contract. This is interpreted by macroeconomists as the end of inflation, and the return to lower interest rates to stave off recession.
Unfortunately, this black-and-white interpretation of either inflation or recession but never both has been challenged by bond yields around the world which are rising to new highs. And the charts tell us that they are likely to go considerably higher. Consequently, conviction that inflation of producer and consumer prices will prove to be a temporary phenomenon is infected with doubt.
For those of us steeped in free market economics and with experience of the monetary and economic scene in the 1970s, the possibility of both inflation and recession occurring at the same time is less of a surprise. They called it stagflation, though the Keynesians never managed to reconcile the existence of the two conditions being present at the same time. The error, surely, is in Keynes’s denial of Say’s law, which postulates that we produce to consume. The Keynesian error was to ignore the plain fact that rising unemployment is the consequence of falling production first, so there can never be a general glut of goods in a slump which is the basis of Keynesian assumptions.
Consequently, we should concede that a return to stagflation, or worse, is eminently possible. And that rising bond yields from here are also possible, indeed even likely as the charts so clearly indicate. In the coming weeks and months as bond yields continue to rise dragging interest rates up behind them, the debate as to how to hedge this unexpected condition is bound to intensify. In one corner, we have gold, and in the other cryptocurrencies, headed by bitcoin. Both have their vocal enthusiasts.
But enthusiasm is not a sensible basis for an investment or trading strategy. It misleads investors and those seeking to protect their wealth from the debasement of currencies, which is what continuing and rising inflation of prices represents.
Sentiment driven investment tends to overlook important facts. In this article, I compare the relevant facts from very basic legal and monetary standpoints, first for cryptocurrencies represented by bitcoin and then for gold. Bitcoin as practical money Bitcoin and crypto currency fans argue that they are the future money. Bitcoin in particular is seen as incorruptible, secured, and self-audited on a blockchain. It is strictly limited to its hard cap of 21 million coins. It is this limitation which has led to estimates of its future value in fiat currency, depending on how much more fiat currency debasement a forecaster expects. And it can be convincingly argued that the fiat currency debasement rate is likely to accelerate further as stagflation returns, leading to ever greater government deficits and escalating increases in government debt. This might be expected to lead to a resurgence in interest in bitcoin, taking it to new highs.
Enthusiasts argue that bitcoin will increasingly replace fiat as the general public begins to realise that fiat currencies are losing purchasing power, which is why the general level of prices is rising. But we must make a distinction between using a currency, crypto or otherwise for day-to-day transactions and as a store of value. In the former case, the possession of currency resulting from the sale of something is temporary, so its changing value in terms of goods over time is of little interest to the seller of goods who receives it in payment. But it does matter to the saver with a longer time horizon.
Saving, or more correctly hoarding in the case of bitcoin, is the issue which we must address. To a saver an increasing purchasing power for currency units in which his savings are denominated is desirable. Therefore, it is likely that savers will hoard their bitcoin instead of letting them circulate because the hard stop on their quantity would be expected to continually increase its value. So powerful is this deflationary tendency likely to be that other than for bare essentials, all commerce, currently depending on credit, would grind to a halt. Taken to its logical conclusion, the world would simply regress to a feudal state with mass poverty.
The solution can only be for holders of bitcoin to lend their bitcoin to borrowers so that commercial activities could take place. This is credit and is the basis of all banking and all economic progress. The need for credit will not go away with the end of fiat currencies, nor will its counterpart, debt. Indeed, the possession of debt obligations is wealth and makes up the majority of it. I shall go into this topic later in this article. But for now, let us consider the difference between bitcoin and bitcoin credit.
In order to produce anything, capital is required. It is a simple fact that production precedes consumption. It can take years for factories to be built, and people with the relevant skills trained and employed. Most if not all of this funding requires credit. It entails a business plan to take all cost factors including the cost of funding into account in order to estimate a project’s viability.
When assembling a business plan, not only does an entrepreneur have to estimate all the input costs and the product’s final sales value, but he has to estimate the cost of repaying borrowed capital. But presumably, a hard stop of 21 million bitcoins will lead to higher bitcoin costs of future capital repayments. Uncertainty as to what bitcoin’s future value would be will likely scupper most projects, even before the difficulty of predicting future demand for goods priced in rising and volatile bitcoin. Bitcoin’s limitations would almost certainly lead to an intensely deflationary outlook, because it is simply not suited as a basis for valuing credit.
In this respect, bitcoin is fundamentally different from gold, the extraction of which in the long term has grown roughly in step with the world’s population. Furthermore, there are substantial reserves of above ground gold in the form of jewellery, which can be reallocated to monetary functions if markets demand its change of use. The flaw in the bitcoin as money argument is gold’s strength: its unsuitability to act as backing for credit, and its total inflexibility of supply.
I am not aware that anyone in the bitcoin camp has properly addressed these issues or is even aware of them. It appears that hodlers do not understand how dependent humanity is on credit. Instead, they tend to dismiss credit as being the problem. Nor is there any understanding of the relationship between money and credit in a functioning, stable economy. The very conditions which are supposed to give bitcoin its value as incorruptible currency are enough to render it entirely unsuited to act in that capacity.
The dismissal of credit is even before we are asked to swallow the fact that it is wholly inappropriate for the vast majority of users who are not tech savvy enough to even understand it. A currency must be simple enough to be understood by its users. The promotion of bitcoin and other cryptocurrencies is the dream of an elite of technological literates and speculators hitching a ride on its concepts.
Then there is the legal position. In the absence of specific legislation passed to give bitcoin or any other cryptocurrency the legal status enjoyed by gold it does not have the legal status required. Hodlers do not appreciate that legally only certain things can act as money.
In order to understand the distinction between what can pass as money and what cannot, we must define the difference between the right of possession and the right of property. If I lend a book to a friend, I allow him to have a right of possession for a period of time, but it still remains my property. The property in the book has not been transferred to him. If I went to his house to collect the book, and he was not at home, I would be free to recover the book if I saw it (though out of politeness I should let him know that I’ve recovered my property). This in Roman law was referred to as a commodatum, which is defined as “a gratuitous loan of movable property to be used and returned by the borrower”.
Money and credit are treated differently, along with consumable items, such as food and drink. When these are loaned, the property in them transfers absolutely, in return for which an obligation by the receiver is created to restore the equivalent of similar quality and quantity. To continue on from the example of the commodatum, if instead of a book I had loaned my friend $100, and going to his home to recover his obligation to me I found he was away but saw his wallet left behind, and I took $100 from it, I would be guilty of theft.
In Roman law, the loan of money, credit, and items to be consumed is a mutuum, which is defined as “a loan of a fungible thing to be restored by a similar thing of the same kind, quality and quantity”.
While in the English language the use of the terms lend and loan are ambiguous, the difference between commodatum and mutuum is still clearly recognised by us all to this day, as the examples of the different treatment of a loaned book and $100 illustrate. The same conditions apply with respect to criminal theft. If a thief steals your car and sells it on to an unsuspecting buyer, it remains your property and you are fully entitled to recover it without compensating the hapless buyer. But if a thief steals your wallet, or empties your bank account, you only have recourse against the thief and your property in the money or credit is lost.
In this legal context, the question arising is in the treatment of fully identifiable bitcoins, whose possession is recorded on a blockchain. Clearly, if someone sells you a bitcoin in return for currency you receive it as entering into your possession. But if the bitcoin had previously been stolen, say from a crypto wallet, it was nobody’s to sell and it almost certainly remains the possession of the person it was stolen from. The point is that while each bitcoin, or fraction of a bitcoin has the same value as another, the blockchain means that each bitcoin or part of it has a specific identity. Therefore, it is not fungible like banknotes or credit, nor is it consumed and so it almost certainly cannot be a mutuum. The precedents in law therefore point to the property in it having not been transferred if in the past it was the proceeds of crime, so it must be regarded as a commodatum.
This is a significant problem for bitcoin, which has become the money laundering medium of choice for criminals and tax evaders. While in Roman times, criminality was more basic, today governments have extended it to include mere suspicion as grounds for property confiscation. Software allows investigators to link bitcoin wallets with real world identities, which are easily available to the authorities from crypto exchanges. Companies such as Chainalysis have been working with the FBI successfully to identify wallets linked with criminal activity. The trail from these wallets clearly leads to those who subsequently bought bitcoin and are under the impression they are now their property.
Therefore, you cannot be sure that the bitcoin you have bought through an exchange will not be seized by the authorities on the grounds that a previous owner acquired it through the proceeds of crime. You cannot be certain you have clear title. On legal grounds alone, without the certainty of ownership bitcoin cannot act as a general medium of exchange.
Why credit matters In discussing the practicality of bitcoin as money, its unsuitability as a medium from which credit takes its value has been mentioned, and that enthusiasts appear to have overlooked this vital function. Indeed, the creation of bank credit is seen by many in both gold and bitcoin camps as evil and therefore they say that one of the key benefits of bitcoin is it does away with the creators of credit. Those following this line of reasoning fail to understand that all money and obligations to pay are in fact credit, representing the temporary storage of unspent production. Because all of our consumption has its origin in production, the medium of exchange is a matter of intermediation.
There are two distinct forms of this credit, one in which there is no counterparty, and it is only in the form of gold, silver, or copper coined for convenience. It cannot be anything else if we rule out barter. The proper term for coin is money, to distinguish it from promises to pay in money at a future date, which is credit.
As a right to future payment, credit is always matched by an obligation on the part of the debtor. Ultimately, that right and corresponding obligation are to be settled in money — though in practice, today they are novated by way of settlement into other credit. It is not the transfer of money, but nevertheless credit is a form of property. That credit is property and has value in terms of goods and services arises from its transferability. This is apparent in valuations of financial assets, which together with the possession of the property in physical objects make up a person’s wealth.
In any economy which has progressed beyond a feudal state, it is credit which makes up the vast bulk, if not all of the circulating medium. And the more perfected the economic system becomes the less money circulates. It is simply more convenient to use credit, whether it be bank notes, bank deposits, or individual credit agreements, such as exist between families and friends.
Legally, money has a general and permanent value, while credit has a particular and precarious value. The problem we have today is that these distinctions between money and credit are poorly understood. Those who profess to support “sound money” rarely appreciate this vital distinction, routinely stating that sound money is a policy and not a definition. Accordingly, they incorrectly assume that bank notes issued by a central bank is money when it is in fact credit with counterparty risk, whose value in terms of goods and services can become subverted.
This leads us into the topic of how credit is valued. All credit, including bank notes issued by government authority, must take its value from something. But without being a credible substitute for what the Romans originally defined as money the value of credit obligations becomes inherently unstable. Furthermore, abandonment of credit’s attachment to money encourages a government to spend beyond its tax revenues by debasing the currency, and that is what is happening today at an increasing rate. It is not credit, which is the evil, but its detachment from money. The legal position and history of gold as money As a medium of exchange, the function of money is to adjust the ratios of goods and services one to another. Thus, the price expressed is always for the goods, money being entirely neutral. It is therefore an error to think of money as having a price. This should be borne in mind in the relationship between legal money whether it be gold or silver, which is habitually given a price nowadays in fiat currencies, and the fiat currencies themselves which, given the status of legal tender, are erroneously assumed to have the status of money. The relationship between money and credit has become stood on its head. The magnitude of this error becomes clear with understanding what legally is money, and what is credit. Again, this understanding starts with Roman law.
Roman law became the basis for legal systems throughout Europe, and by extension those of European settled regions, from North America, Latin America through Spanish and Portuguese influence, the Dutch in the Far East, and the entire British Empire. In common with the Athenians, Rome held that laws were the means whereby individuals would protect themselves from each other and the state. But it was particularly Rome which codified law into a practical and accessible body of reference generally.
The first records of Roman statutes and the case law which followed were the Twelve Tables of 449BC. These became the basis upon which individual jurors subsequently expounded, developed, and evolved their rulings over the next thousand years. The whole legal system was then consolidated into the Emperor Justinian’s Corpus Juris Civilis, otherwise known as the Pandects. When the empire relocated to Constantinople, the Corpus was translated into Greek and eventually reissued in the Basilica, at the time of the Basilian dynasty in the tenth century. It was that version which became the foundation for European law in the Middle Ages, except for England. As an eminent nineteenth century lawyer specialising in banking put it, the reason common law differed in England was that:
“The Romans abandoned Britain at the end of the fifth century and the common law of England on the subject of credit was exactly as it stood in Gaius which was the textbook of Roman law throughout the empire at the time when the Romans gave up Britain. But on the 1st of November 1875, the common law of England relating to credit was superseded by equity which is simply the law of the Pandects of Justinian.”
In all, two thousand years of legal development had elapsed between the Twelve Tables and the reaffirmation of Justinian’s Pandects in Dionysius Gottfried’s version in Geneva of the Corpus Juris Civilis, translated back into Latin in 1583AD from the Greek Basilica.
It is the Digest section of the Corpus which is relevant to our subject. The Digest is an encyclopaedia of over nine thousand references of eminent jurors collected over time. Prominent in these references are those of Ulpian, who died in 228AD and was the juror who did much to cement the legal position and distinction between money and credit. The Digest defined property, contracts, and crimes. Our interest in money and credit is covered by rulings on property and contracts.
The regular deposit contract is defined by Ulpian in a section entitled Deposita vel contra (on depositing and withdrawing). He defined a regular deposit as follows:
“A deposit is something given another for safekeeping. It is so called because a good is posited (or placed). The preposition de intensifies the meaning, which reflects that all obligations corresponding to the custody of the good belongs to that person.”[ii]
Another jurist commonly cited in the Digest, Paul of Alfenus Varus, differentiated between the regular deposit contract defined by Ulpian above and an irregular deposit or mutuum. In this latter case, Paul held that:
“If a person deposits a certain amount of loose money, which he counts and does not hand over sealed or enclosed in something, then the only duty of the person receiving it is to return the same amount.”[iii]
So, a mutuum is taken into the possession of the person receiving it. In return for a right of action in favour of the depositor to be exercised by him at any time, the receiver has a matching duty to return the same amount until which it becomes the receiver’s property to do with as he wishes. This is the legal foundation of modern banking.
Clearly, the precedent in the Digest is that money is always metallic. While anything can be deposited into another’s custody, it is the treatment of fungible goods, particularly money, which is the subject of these legal rulings. It is only through an irregular deposit (or mutuum) that the depositor becomes a creditor. By laying down the difference between a regular and irregular deposit, the distinction is made between what has always been regarded as money from ancient times and a promise to repay the same amount, which we know today as credit and a matching obligation to pay.
There is still one issue to clarify, and that is to do with credit rather than money. As noted above, Justinian’s Pandects were compiled a century after the Romans had abandoned Britain. From what was subsequently unified as England and Wales out of diverse kingdoms, common law differed in that debts were not freely transferable. The transferee of a debt could only sue as attorney for the transferor. This placed debt as property in a different position from other forms of transferable property. Justinian took away this anomaly as a relic of old Roman law (the laws of Gaius, referred to above), allowing the transferee to sue the debtor in his own name. Without this amendment, the status of a particular and precarious debt as an asset would be in doubt.
This anomaly in English law was only regularised when the Court of Chancery merged with common law by Act of Parliament in November 1875. Since then, the status of money and credit in English law has conformed in every respect with Justinian’s Pandects.
While the legal position of money is clear, the economic position is technically different. Jean-Baptiste Say pointed out that money facilitates the division of labour. Technically, money is unspent labour, and is therefore a credit yet to be used. Various other classical economists made the same point. Adam Smith wrote that a guinea might be considered as a bill for a certain quantity of necessaries and conveniences upon all the tradesmen in the neighbourhood. Henry Thornton said that money of every kind [including credit] is an order for goods. Bastiat and Mill opined similarly.[iv] The similarity of function between money and credit has undoubtedly led to confusion over the true meaning of terms.
But it is the legal difference which is of overriding importance because it was founded on the principal that there is a clear distinction between metallic money and a duty to pay. Money is permanent while credit is not. Money has no counterparty risk, whereas credit does.
The modern belief that money can be done away with and substituted with banknotes is therefore incorrect. And it is common ignorance of the established relationship between money and credit both in law and in practice which has led to the error of thinking that bitcoin can be the new money for modern times. Accordingly, we must put any such thoughts out of our minds. The future of cryptocurrencies It has been easy to point to the benefits of the cryptocurrency revolution. The blockchain concept promises a transformation in the recording of property ownership. And the popularity of bitcoin has alerted a wider public to the debasement of fiat currencies by governments — that surely is a public good. But it appears to have done nothing to enhance anyone’s understanding of money and credit.
The crypto revolution has created a potential evil in the form of central bank digital currencies, originally conceived by central bankers, seemingly ignorant of their own craft as a response to the threat from private sector money to their fiat monopolies. Their ignorance is of the legal position described above: after all, to detach a national fiat currency from legal money requires a denial of the true, legal position on the part of the perpetrator.
Central banks further demonstrated their denial of the laws of money by appointing a committee of the Bank for International Settlements, which coordinates central bank policies, to examine the benefits of a CBDC to a central bank and its government. Pursuing statist interests, the BIS committee’s conclusion is that CBDCs could give governments totalitarian control over economic activity. Nowhere has the legal position established millennia ago been respected, or even mentioned in their deliberations.
The reason the legal position of gold as money has persisted as authoritarian governments have come and gone is that the Romans defined an entirely natural relationship between money, what it is, and credit. Originally, money was and still is determined by people who are its users. And they create credit based upon money’s value. The practice evolved from the creation of credit based on goods that could be bartered. Credit must have been the way the Phoenicians financed their trade long before their city-states took to the convenience of coining metals, thought to be at about the same time as Rome’s Twelve Tables.
While the Romans paid close attention to the practicalities of trade and the natural evolution of payment in gold, silver, copper, or bronze coin and embodied it in their law, the state theory of money has always failed. The introduction of CBDCs is just another state theory of money. And while it promises to further the objectives of authoritarianism, it is bound to fail as well.
The sheer impracticalities involved have already caused the Bank of England in its White Paper to reject the BIS’s central proposition, that a sterling CBDC will bypass the commercial banking system and be totally under a central bank’s control. The reasons for the Bank’s approach are entirely sensible: the bureaucracy involved in setting up a CBDC, with everyone and every business required to open an account at the Bank of England would take years in the planning, testing, and implementation. And in the US, where the large majority of lawmakers depend on contributions from the banks to fund their election expenses, we can be certain that if any CBDC proposition was to be put forward by the Federal administration, it would be heavily watered down so as to not undermine existing banking interests.
The fate of the entire CBDC saga is likely to turn out to be a red herring. And in this article, I hope I have demonstrated convincingly the impossibility that bitcoin or any other cryptocurrency can fulfil the role of a currency. There only remains the question over their future if this role is denied to them.
It is now 52 years since the dollar and all other currencies with it became entirely fiat. While it is beyond the scope of this article to describe the factors involved, there is growing evidence that the current dollar-based fiat currency episode, like all others before it, is coming to an end. That being so, we can expect a new monetary system to replace it. But with bitcoin not suited to the task, we can be sure that the reason for bitcoin’s existence will turn out to have been purely speculative.
Therefore, when fiat dies, we can expect the whole cryptocurrency and the CBDC phenomenon to die with it. Mark it down as a modern Mississippi venture, or South Sea Bubble, both of which owed their existence to speculative excesses financed by credit — just like bitcoin.'
Quod fugere credas, saepe solet occurrere. -Publilius Syrus
 You often run into something you thought you were fleeing
Ce que tu crois fuit vient souvent à ta rencontre
Ciò che credi di fuggire, spesso è solito venirti incontro
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Post by Entendance on Sept 1, 2023 16:37:52 GMT -5
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Post by Entendance on Sept 16, 2023 7:51:48 GMT -5
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Post by Entendance on Sept 23, 2023 8:01:57 GMT -5
FAFO (fuck around and find out) 
"...Per la prima volta, Germania, Italia e Giappone hanno votato contro la risoluzione dell’Assemblea generale delle Nazioni Unite sull’inammissibilità della glorificazione del nazismo..."Zelenskyy, Trudeau Honor Actual 3rd Reich Nazi With Standing Ovation
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Post by Entendance on Sept 24, 2023 12:56:38 GMT -5
'The fiat paper money system that has corrupted the world for decades must be purged. The rulers of the paper money have zealously rigged interest rates to zero (and even negative) since 1981. One may wonder what consequences have resulted from their elitist and misguided decisions. The Central Banksters print TRILLIONS of magic currencies. What happens when money is essentially free?
Debts skyrocket up
Savers are punished
Hard work is less important
Speculation becomes rampant
Wars become easy to initiate, finance and sustain
Zombie corporations and malinvestments multiply
Greed, envy and waste become entrenched
Crime spikes as the separation of the “haves” and “have nots” widens
Prices of goods, services and assets rise….rise….and keep rising
The citizens of Planet Earth deserve better. There is only one solution that remains before far greater harm is done by the global Central Banksters.
Stop the immoral counterfeiting before the entire planet is engulfed in disorder.
Much like a responsible fireman would do, a controlled burn is essentially risk free and can save thousands of lives and avoid billions in property and ecological damage. A new replacement money system will then emerge from the ashes. The result will be an honest and sustainable money to be restored for humankind. The essential characteristics of money are durability, portability, divisibility, scarcity, uniformity, acceptability and stability in value.
Fiat currency (paper money) does not work because the Central Banksters can instantly increase the supply in very significant quantity, i.e. debase the currency
Crypto-currency (digital currency) does not work because the Central Banksters can instantly increase the supply in very significant quantity, i.e. debase the currency.
My vote for our new money system is as old as time itself. It is GOLD MONEY. The replacement money system will soon emerge. But first we must burn the fragile fiat green paper to the ground. It is time for the Green Paper Revolution!' |
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Post by Entendance on Oct 2, 2023 0:34:28 GMT -5
The Mad Propaganda Push '...The US has after all been the single most aggressive government on the world stage for generations now. It has repeatedly invaded and staged regime change operations against its neighbors in Latin America, to say nothing of its military aggressions and proxy warfare in nations like Vietnam, Laos, Cambodia, Iraq, Afghanistan, Libya, Syria and Yemen. No other government has spent the 21st century killing people by the millions in wars of aggression. No other government has been surrounding the planet with hundreds of military bases, deliberately targeting civilian populations with deadly force around the world via starvation sanctions, and working continuously to topple any government on earth which disobeys its dictates. Only the US has...' In Support Of The Policy Of Deterrence |
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Post by Entendance on Oct 5, 2023 11:59:35 GMT -5
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Post by Entendance on Oct 6, 2023 11:34:55 GMT -5
'The “Collective West” led by the chief imperialist power, the United States, is careening and buckling, the wayward collapse evident with each passing day.
For what it’s worth, the transatlantic alliance of the U.S. and its European allies – embodied by the NATO military bloc – had a fairly good chronological run. The imperialist clique managed to hold together for nearly eight decades. But now that ship is running aground on the rocks of a proxy war in Ukraine against Russia.
Signs of collapse and disintegration are coming fast and thick. The military defeat in Ukraine by the NATO powers after a $100 billion investment in weapons is foremost among the casualty list – together with up to 500,000 dead Ukrainian soldiers.
What a hideous fiasco the NATO-sponsored campaign against Russia has turned out to be. A bloodbath in Europe akin to the worst among history’s many imperialist slaughters. The U.S.-led military alliance of 30 nations has spectacularly forfeited any pretence of being a “security organization”.
The gnashing of teeth has only just begun...' |
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Post by Entendance on Oct 8, 2023 8:56:18 GMT -5
Obsequium amicos, veritas odium parit. -Publius Terentius Afer
L'adulazione procaccia amici, la verità attira l'odio
Obsequiousness brings us friends, the truth brings forth enemies
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Post by Entendance on Oct 10, 2023 3:59:52 GMT -5
'...the final Jewish solution to remove the Arabs from the territory according to the Basic Law, ratified by the Israeli Supreme Court in 2021, which legalizes the takeover of Palestinian territory as a “natural” Jewish right...' 
'There have been decades of photos of dead Palestinian women and children, and kids being beaten, humilated and imprisoned by Israeli soldiers. The historic killing rate in this “conflict” has been fairly consistent at about 40:1.
None of this ever caused more than a raised eyebrow and a mild tut-tut from the western “liberal” Establishment. I can’t recall camera crews ever pursuing any zionist politicians down the street demanding that they use the word “condemn” of the latest Israeli atrocity.
The paroxysm of hatred in the political and media class, unleashed by a single day of the boot being on the other foot is instructive. It is particularly instructive in their near complete unanimity – what percentage of the discussion on broadcast TV or radio have you heard this last 48 hours given over to Palestinian or pro-Palestinian voices?
Yet it is very plain from social media that the public is by no means as unanimous in their support of Israel as are the political and media class.
But then the public are not bought and paid for.
Asymmetric warfare tends to be vile. Oppressed and colonised peoples don’t have the luxury of lining up soldiers in neatly pressed uniforms and polished boots, to face off against the opposing army in an equality of arms.
A colonised and oppressed people tends, given the chance, to mirror the atrocities perpetrated on them by their oppressor.
This of course feeds in, always, to the propaganda of the Imperialist. A paroxysm of resistance by the oppressed always ends up portrayed by the Imperialist as evidence of the bestiality of the colonised people and in itself justifying the “civilising mission” of the coloniser...'
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Post by Entendance on Oct 11, 2023 16:15:52 GMT -5
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Post by Entendance on Oct 12, 2023 12:34:43 GMT -5
The war is not meant to be won, it is meant to be continuous. Hierarchical society is only possible on the basis of poverty and ignorance. In principle the war effort is always planned to keep society on the brink of starvation. -George Orwell, 1984
The real hopeless victims of mental illness are to be found among those who appear to be most normal. Many of them are normal because they are so well adjusted to our mode of existence, because their human voice has been silenced so early in their lives, that they do not even struggle or suffer or develop symptoms as the neurotic does.” They are normal not in what may be called the absolute sense of the word; they are normal only in relation to a profoundly abnormal society. Their perfect adjustment to that abnormal society is a measure of their mental sickness. These millions of abnormally normal people, living without fuss in a society to which, if they were fully human beings, they ought not to be adjusted.” -Aldous Huxley, Brave New World Revisited
Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it. -Laurence J. Peter
The heaviest penalty for declining to rule is to be ruled by someone inferior to yourself. -Plato, The Republic
One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back. -Carl Sagan
A nation of sheep will beget a government of wolves. -Edward R. Murrow
Stultorum infinitus est numerus
(The number of fools is infinite. Ecc. 1:15)
When the herd go towards the water, never stand between the beasts and the river. -Entendance
'...The timing of the conflict in Israel is incredibly beneficial to globalists, and this might explain Israel’s bizarre intel failure. Just as US and British leaders had prior knowledge of a potential Japanese attack on Pearl Harbor in 1941 but warned no one because they WANTED to compel Americans to fight in WWII, the Palestinian incursion serves a similar purpose.
The covid pandemic and mandates failed to get the desired result of a global medical tyranny. The war in Ukraine failed to get desired results as the warhawks’ demands for boots on the ground against Russia fell apart. Perhaps this is just Plan C?
The establishment seems particularly obsessed with convincing US conservatives and patriots to participate in the chaos; there are a number of Neo-cons and even a few supposed liberty media personalities calling for Americans to answer the call of blood in Israel. Some have described the coming conflagration as “the war to end all wars.”
I believe that the real war is yet to truly start, and that is the war to erase the globalists from existence. They want us to fight overseas in endless quagmires in the hopes we will die out. And when we do, there will be no one left to oppose them. It’s a predictable strategy, but its success is doubtful. Another interesting fact about the Bronze Age Collapse – The elites were some of the first groups to be wiped out after the system broke down.'
It’s A Trap!
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Post by Entendance on Oct 14, 2023 10:45:20 GMT -5
 '...In view of this description of the security barrier, this statement by the Israeli General Halevi admitting the failure of the Israeli Defense Force to protect Israel from Hamas is obviously intended as a coverup for the fact that the attack was allowed in order to close the book on Palestine. Since 1947 the world has done nothing to stop Israel’s absorption of Palestine, so naturally Israel expects no opposition this time. It looks like this is a miscalculation by Israel.' Perhaps My Speculation Was on the Mark
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Post by Entendance on Oct 19, 2023 7:52:50 GMT -5
'...The Palestinian issue transcends religion, culture, nationality, or any other human difference. Many Jews around the world have dissociated themselves from the state of Israel, while many people worldwide, in countries like India, the US, Bangladesh, Japan, Jordan, and Indonesia, have protested against the attacks on Palestinian civilians. However...' Gaza’s Plight & Global Apathy
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Post by Entendance on Oct 22, 2023 9:39:22 GMT -5
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Post by Entendance on Oct 23, 2023 10:37:09 GMT -5
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Post by Entendance on Oct 26, 2023 1:46:59 GMT -5
The reality of the necessity of war is permeating widely the consciousness of the Arabic and Islamic world
'...Netanyahu had good reason to allow the situation to erupt on October 7 and to escalate it further, as he was “not in control” of the more extreme members of his coalition government while also facing criminal charges when he leaves office..” “Netanyahu could make this an endless war just to stay in office and to protect himself personally...'
Israel-Palestine war: Israel plans to flood Hamas tunnels with nerve gas, source says
Πάντα χωρεῖ καὶ οὐδὲν μένει καὶ δὶς ἐς τὸν αὐτὸν ποταμὸν οὐκ ἂν ἐμβαίης. -Ἡράκλειτος ὁ Ἐφέσιος
Everything changes and nothing remains still; you can’t step twice into the same stream. -Heraclitus of Ephesus
'...It would be virtually impossible to prevent Iran from blocking this area off, stopping all shipments of oil and gas, if necessary with the help of Russia.
That would turn off 22 million barrels of oil or 23% of global supply. Enough to make the oil price go to $500 – $1,000 and paralyse the world...'
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Post by Entendance on Oct 27, 2023 11:33:56 GMT -5
The plan advocates the forced transfer of the population of the Gaza Strip to Sinai permanently, and calls for the international community to be leveraged to assist the move
Total of 5,000 US Soldiers Partook in Israel's Overnight Raid in Northern Gaza - Reports
  Learn All You Can About the Zionists and How They Created Their Settler State Erasing The Indigenous Peoples of Palestine
'...It’s all about the Strait of Hormuz
The heart of the matter in any Russian-Iran strategy is the Strait of Hormuz, through which transits at least 20 percent of the world’s oil (nearly 17 million barrels a day) plus 18 percent of liquified natural gas (LNG), which amounts to at least 3.5 billion cubic feet a day.
Iran is able to block the Strait of Hormuz in a flash. For starters, that would be some sort of poetic justice retribution for Israel aiming to gobble up, illegally, all the multibillion-dollar natural gas discovered offshore Gaza: this is, incidentally, one of the absolutely key reasons for the ethnic cleansing of Palestine.
Yet the real deal will be to bring down the Wall Street-engineered $618 trillion derivative structure, as confirmed for years by analysts at Goldman Sachs and JP Morgan, as well as independent Persian Gulf energy traders.
So when push comes to shove - and way beyond the defense of Palestine and in a scenario of Total War - not only Russia-Iran but key players of the Arab world about to become members of BRICS 11 - such as Saudi Arabia and the UAE - do have what it takes to bring down the US financial system anytime they choose.
As an old school Deep State higher up, now in business in Central Europe, stresses:
“The Islamic nations have the economic advantage. They can blow up the international financial system by cutting off the oil. They do not have to fire a single shot. Iran and Saudi Arabia are allying together. The 2008 crisis took 29 trillion dollars to solve but this one, should it happen, could not be solved even with 100 trillion dollars of fiat instruments.”
As Persian Gulf traders told me, one possible scenario is OPEC starting to sanction Europe, first from Kuwait and then spreading from one OPEC country to another and to all countries that are treating the Muslim world as enemies and war fodder.
Iraqi Prime Minister Mohammed Shia al-Sudani has already warned that oil to western markets could be put off because of what Israel is perpetrating in Gaza. Iranian Foreign Minister Hossein Amir-Abdollahian has already called, on the record, for a total oil and gas embargo by Islamic countries against nations – essentially NATO vassals - that support Israel.
So Christian Zionists in the US allied with neocon asset Netanyahu threatening to attack Iran have the potential to pull down the entire world financial system...' Iran-Russia set a western trap in Palestine
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Post by Entendance on Nov 1, 2023 10:03:31 GMT -5
- 9,000 civilians killed so far in Gaza, including nearly 4,000 children
- Israel continues bombing hospitals, clinics, refugee camps and residential buildings
- Former IDF special forces fighter reveals why Israel cannot destroy #Hamas
- America's vulnerability is its failing currency and imminent debt bomb
- Zionism does not believe that all men are created equal
- Israel and the USA can be devastated with an energy export embargo
- Turkey is the world's leader in military drone manufacturing and export
- Turkey manufactures its own main battle tanks, helicopters, naval frigates and more
- Iran has highly advanced missile systems, including hypersonic "Fattah" missiles
- The USA and Israel are walking down a path of self-annihilation
A Palestinian journalist describes trying to report amid the danger and chaos of the war '...“Mentally and physically exhausted, I find myself grappling with the unending fear of losing my family or my home while reporting on this unfolding catastrophe...'
Dr. Shiva warns of U.S. financial collapse and world war in interview with Mike Adams - part 2
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Post by Entendance on Nov 3, 2023 9:55:50 GMT -5
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Post by Entendance on Nov 5, 2023 13:39:00 GMT -5
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Post by Entendance on Nov 7, 2023 6:25:01 GMT -5
- Ben Gurion canal would give Israel and the USA immense power and control over sea transit
- Would control energy shipments, food shipments and economic productivity of the entire region
- Planned canal needs to be dug right through northern Gaza
- Northern Gaza is currently being bombed and leveled with bulldozers
- The canal would be excavated using 500+ nuclear detonations to turn entire mountains into rubble
- The canal would produce $10B+ in revenue for Israel each year
- Israel would have naval access connecting the Mediterranean Sea and the Red Sea
- FOLLOW THE MONEY and you know why Oct 7th was allowed to happen
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Gold Demand Surges As BRICS Central Banks Stockpile 
China Sells US Debt, Stockpiles Gold 
Von Der Leyen Speech Suggests 
Zelensky Pitches Arms Makers 
.JPG)
➡️ 
U.S. goal is to maneuver Israel to bomb Iran, 
