Quote — Voltaire on The Real Value of Paper Money

Voltaire

a sketch of the young Voltaire

Voltaire — A hell of a guy

 

Paper mon­ey even­tu­al­ly returns to its intrin­sic val­ue – zero.”

Voltaire believed back in the 1700’s that paper mon­ey was worth­less — Did he know that the Fed­er­al Reserve was com­ing lat­er down the road of time?

François-Marie Arou­et, known by his nom de plume Voltaire, was a French Enlight­en­ment writer, his­to­ri­an and philoso­pher, and some­one who under­stood that paper mon­ey was not real­ly mon­ey. Yep, we know that too now …

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Quote — Ludwig von Mises on the Final Collapse

Ludwig von Mises

 

Austrian Economist Ludwig von Mises

Aus­tri­an School Econ­o­mist — Lud­wig von Mis­es

 

There is no means of avoid­ing the final col­lapse of a boom brought about by cred­it expan­sion. The alter­na­tive is only whether the cri­sis should come soon­er as the result of a vol­un­tary aban­don­ment of fur­ther cred­it expan­sion or lat­er as a final and total cat­a­stro­phe of the cur­ren­cy sys­tem involved.”

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Quote — Martin Luther King on Silence

Martin Luther King

photo Martin Luther King

Mar­tin Luther King — under­stood the prob­lem of the silent sheeple

His­to­ry will have to record that the great­est tragedy of this peri­od of social tran­si­tion was not the stri­dent clam­or of the bad peo­ple, but the appalling silence of the good peo­ple.”

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Quote — George Bernard Shaw on Government

George Bernard Shaw

Photo George Bernard Shaw

Pho­to George Bernard Shaw

You have to choose between trust­ing the nat­ur­al sta­bil­i­ty of gold and the nat­ur­al sta­bil­i­ty and hon­esty of the mem­bers of the gov­ern­ment. And with due respect for these gen­tle­men, i advise you as long as the cap­i­tal­ist sys­tem lasts, to vote for gold.”

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Weird Blip in Todays Gold and Silver Charts after Market Close

Check out these charts form just after the close of todays trad­ing.

First todays Gold chart — drops and recov­ers 40 USD in an instant:

Gold is being manipulated?

Blip on Gold Chart from 2012-11-26

And now check-out the Sil­ver chart:

Blip on Silver chart for 2012-11-26

Blip on Sil­ver chart for 2012-11-26

Kind of fun­ny that they hap­pen at exact­ly the same time? The USDX (US Dol­lar index) shot-up and then recov­ered, in a mir­ror of the met­als move­ment.

Manip­u­la­tion? Foul-play? Hmm­mm.…..

Mark Carney Announced as next Governor of the Bank of England

A shock and sur­prise announce­ment from George Osbourne today as he announced the Cana­di­an Mark Car­ney as the next Gov­er­nor of the Bank of Eng­land. Do not doubt that this is one of the top jobs in the UK.

Mr. Mark Car­ney will be next Gov­er­nor of the Bank of Eng­land

George Osbourne defend­ed his deci­sion by stat­ing that Mr. Car­ney was:

The out­stand­ing Cen­tral Banker of his gen­er­a­tion.”

He also said that he was the best man for the job in the whole world bar none. I think it speaks more for how unsuit­able the home grown UK tal­ent was than any­thing else.

This is the first time since the cre­ation of the Bank of Eng­land back in 1694 that it has been gov­erned by a non British sub­ject, in this case a Cana­di­an. But Mr. comes high­ly qual­i­fied for the job.

He has man­aged arguably the best econ­o­my in the world Cana­da which has not had one bank bailout. In fact he has come through with his rep­u­ta­tion enhanced. He under­stands Cap­i­tal Mar­kets. He worked for Gold­man Sachs for 13 years (pos­si­bly not such a good thing! Could this be a case of Gold­man get­ting “their man” into the BoE, and a “print­er” into the sys­tem?). He speaks flu­ent French, went to Oxford Uni­ver­si­ty, already lived in the UK for a decade, his wife and chil­dren are British sub­jects, and he will apply for British cit­i­zen­ship.

Mr. Car­ney is also the cur­rent chair­man of the board of the Finan­cial Sta­bil­i­ty Board (FSB) which in itself is a con­sid­er­able achieve­ment and vote of con­fi­dence as this orga­ni­za­tion includes all G20 nations

This is a slap in the face for Mr. Paul Tuck­er who was tout­ed as the next Gov­er­nor . Too bad, LIBOR scan­dal for sure screwed that one up, and his deal­ings with Mr Bob Dia­mond.

In anoth­er depar­ture from the norm he will only serve a 5 year term instead of the more usu­al 8 year, and Char­lie Bean will stay on serv­ing his cur­rent term.

Big Ques­tion: How will this effect the UK mon­ey print­ing prac­tices and will we see more Quan­ti­ta­tive Eas­ing with Mr. Car­ney at the helm?

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Quote — Alexander Haig on Taxes

Alexander Haig

Mr Alexan­der Haig, a true “Patri­ot”?

Let them march all they want, as long as they con­tin­ue to pay their tax­es.”


US sec­re­tary of state who failed to avert the Falk­lands war, and the chief of staff who sus­tained Richard Nixon’s pres­i­den­cy. He nev­er faced an elec­torate in his life, but he ran the White House almost in secret dur­ing the 15 months up to Pres­i­dent Richard Nixon’s res­ig­na­tion in August 1974 – tak­ing over the impe­tus of a paral­ysed pres­i­den­cy in a man­ner that, how­ev­er nec­es­sary under the cir­cum­stances, was bare­ly con­sti­tu­tion­al.

see http://www.guardian.co.uk/world/2010/feb/20/alexander-haig-obituary/print

Alexan­der Meigs Haig, sol­dier, politi­cian and busi­ness­man, born 2 Decem­ber 1924; died 20 Feb­ru­ary 2010

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Richard Russel Fears that Money will Die

Richard Rus­sell is con­vinced that we are in the End-Game of this finan­cial regime and that mon­ey will die because of the Fed­er­al Reserve inter­ven­tion and gov­ern­ment manip­u­la­tion.

Richard Russell

Richard Rusell was one of the first News Let­ter authors

Here is what he had to say:

At any rate, I’m per­son­al­ly torn between putting all my assets into bul­lion gold coins or leav­ing half in gold and half of my assets in US dol­lars. Very frankly, I’m no longer even think­ing of mak­ing mon­ey in the mar­kets — I just would love to keep my pur­chas­ing pow­er intact. On top of that, I don’t trust the gov­ern­ment, and I don’t trust the Fed or the Trea­sury. In their demand to mak­ing Fed notes the only legal ten­der mon­ey, I believe the Fed (and the gov­ern­ment) would stoop to any trick or law or machi­na­tion to ensure that Amer­i­cans must accept Fed notes as the only legal ten­der mon­ey.

The gov­ern­ment (Con­gress?) could pass a law out­law­ing any trans­ac­tions in gold or sil­ver or any pre­cious met­al. The gov­ern­ment could halt the trad­ing of gold or gold ETFs. Or there might be a dozen tricks that the gov­ern­ment could use that would out­law the use of gold as legal ten­der. Then, there are always tax­es as a bar­ri­er to even own­ing or trad­ing gold. As it is, the IRS treats gold as a col­lectible and tax­es you when you sell your gold.

So I dun­no, hold all your assets in gold bul­lion coins? Frankly, I’m afraid to. The bankers demand that I use their rot­ten fiat notes as mon­ey, and believe me, the bankers (the Fed) run the coun­try.

Thus, I am doomed to hold some dol­lars, and, in turn, my dol­lars are doomed to lose pur­chas­ing pow­er month after month, and year after year. Talk about rob­bery!

What about own­ing stocks as a way to keep your pur­chas­ing pow­er? Bill Gross of PIMCO thinks stocks will be a lousy invest­ment over com­ing years, and he thinks bonds will be even worse.”

Well sober­ing thoughts indeed but accord­ing to Jim Sin­clair there will be no chance of Gold-Con­fis­ca­tion — But does any­one real­ly know?


www.HyperSmash.com

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So just why did Gold Jump 22 USD to 1,751 USD over Thanksgiving?

Gold prices could be back on their way upwards again. Last night at close of busi­ness gold prices jumped up (almost spiked up) 22 USD to close the day up at 1751.90 USD per once. It has not been there for almost 10 months so this could be a good sign for the year end.

gold has re-started it's upward journey

Gold back at 1,751 USD an once — On it’s way up once again ?

I would expect to see the last high of the 1900s’ test­ed again and if we are lucky could be into 2k USD Gold ear­ly next year. What a won­der­ful New Years gift that would be!

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