Inflation – The Most Unjust of Taxes

The Romans were masters of debasing currency, or coinage as it was back then

Clipped Roman Silver coins – Debasement alive and well long, long ago

Most people, myself included, have been slyly brought up to never think about inflation as a form of direct government taxation. But that is exactly what it is. Make no mistake about that.

You see long ago (in days of olde, when Knights were bold), it became clear that once you start taxing people above the forties rate, at about 45% and above people start to squeal. The Kings, monarchs, princes, and Dukes needed revenues to fund their maniac wars. It became clear that you just can’t keep notching up the rate of taxation – much to the botheration of the ruling classes, as they would just revolt – and that was pretty boring situation to deal with.

I didn’t take long for them to realise that all they had to do what debase the currency. A technical term for removing some of the money from the money itself. Technically it’s called stealing. If you tried this they would throw you in jail.

Back in the day a wedge would be cut out of the coins that were actually made of gold, silver and mixes thereof. If the lord of the manor needed more money he would just legally” debase the coin (currency of the day).

Back then it was bleedin’ obvious that someone had hacked a chunk out of the gold coin. The more sly rulers would actually replace the metals with others.

Today, however the control lords have reached the ultimate form of debasement Nirvana. This is why it cannot last. We are all totally blind to the debasement. There are two ways that are overlords manage this debasement:

  • Money Printing (so-called Quantitative Easing)
  • Fractional Reserve Banking

so to conclude – Inflation is used and manipulated by Government to it’s own ends for at least half a millennium and that is a hard drug to give up.

We no longer have a sound economic financial system – It has long been replaced by a dysfunctional Ponzi Scheme.

Make ready your plans.

© Copyright MMXIII RagingGoldenBull.com

Video – “Stop Thief!” – I am Being Robbed Blind!

Just made a Screencast of yesterdays Post called “Stop Thief! I’m being Robbed Blind!” – check-it out here:

 

Enjoy! As usual let’s us know what you think and give us your feedback.

P.S.
This video is also posted on http://www.youtube.com/RagingGoldenBull

© Copyright MMXIII RagingGoldenBull.com

Interesting Times …

The Chinese have an ancient curse which states:

“May You Live in Interesting Times”

Well guess what? That’s exactly what you are doing right now, but maybe
you just haven’t noticed it. Or maybe you just accept it now as normal.

Let me explain. We are living in the most unusual (read interesting) set
of financial circumstances that this world have ever seen.

Maybe you have been so exposed to it and so familiar with it that you now
accept it as normal. We no longer have a sound financial system. It has
been replaced with the biggest Ponzi Scheme of all time. What is
considered normal or acceptable has shifted, slowly but surely with the
passage of time.

Central Bankers are to be blamed for all of these woes (ok TBTF banks
too). But continually manipulating the supply of money in their respective
systems, they have diluted all our precious money. so much so, that we are
nearing the point of collapse, where it is just not credible anymore.

Take some precautions and make sure that you have at least 5 percent of
your net worth in some form of material asset: Gold, Silver, farmland,
land, or something. Of all Gold is probably the easiest to handle. That’s
why we recommend gold. It’s REAL MONEY!

So to recap. Don’t loose the faith and keep stackin’ …

© Copyright MMXIII RagingGoldenBull.com

No Way Out for the Federal Reserve

No Way out for the Federal Reserve

No Way out for the Federal Reserve

There is no way-out of here for the Federal Reserve now.

After so much talk of taper (“Taper-Talk”) the Fed finally didn’t follow-through. Why not? Because they cannot. That should be clear to anyone. There is not surprise here.

This is just talk. Schmoozing…Jive-talk…Rhetoric..Lies?

This is the clearest sign yet that Bernanke’s policies have failed. The rollback decision. He knows what’s coming and does not want to be around when it hits – and thus he is resigning (read – “get the hell out of Dodge!”) at end of year.

It is very, very, very simple to understand:

  • Interest rates MUST stay low
  • If not the amount of boring of US Government will bankrupt USA (it is already technically bankrupt)
  • So print money, buy bonds, keep rates low

There is a HUGE problem with this approach – They will either want to stop or be made to stop sometime:

  • They will be made to stop by other countries abandoning “incredible” US dollar (quite simply no longer sound money)
  • They will want to stop to try to restore credibility to the USD currency (not possible when printing 85 Billion USD per month – 1 Trillion USD per year)

When they stop (or the printing press is taken off them) the interest rates will rise.

The house of cards will fall.

© Copyright MMXIII RagingGoldenBull.com

Quote – Ayn Rand on Destroyers, Money and Gold

Author, Playwright, novelist, amatuer philosopher, and essayist

Ayn Rand

“Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. This kills all objective standards and delivers men into the arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a check drawn by legal looters upon an account which is not theirs: Watch for the day when it bounces, marked “account overdrawn.” “

  • Ayn Rand (Alisa Zinov’yevna Rosenbaum)

More Golden Money Quotes

© Copyright MMXIII RagingGoldenBull.com

Top Job Going at the Federal Reserve

Want a Top Federal Reserve System Job?

Top Federal Reserve System Job

Fancy a cushty job at the Federal Reserve? Nice and easy like their monetary policy? The rumor mill is busy suggesting that Ben Bernanke will do a runner at the end of the year – just before contract renewal in January 2014.

Go on! give it a try – you might just get it! I mean, how hard is it to print money, because that is the only “tool” in the Federal Reserve arsenal of tools.

Give it a try because you might just get it 😉

© Copyright MMXIII RagingGoldenBull.com

Video – The Creature from Jekyll Island (G. Edward Griffin)

This is a must watch video. If you really want to know how we got here, in the financial mess that we are in today, then you need to watch this video and understand exactly how we got here.

The Federal Reserve System is the greatest scam of all history – Because it is NOT:

  • Federal
  • a Reserve (there are no Financial Reserves)
  • a System (it is New York based – with the illusion of National presence)

Mr Griffin sites seven reasons why the Federal Reserve System shoul be abolished:

  • It is incapable of acheiving it’s stated objectives
  • It is a Cartel – Operating against the public interest
  • It is the Supreme instrument of Usery
  • It generates our most unfair tax
  • It encourages war
  • It destabilises the economy
  • It is an instrument of Totaliterianism

It’s long weighing in at 105 minutes – but Mr Griffin is a master public speaker, a diligent researcher, and above all it is highly entertaining piece that everyone should hear.

And know this – You can watch/listen to this video much quicker than it took Mr Griffin the years of painstaking research, or ever to read his weighty tome as the same (which is a MUST read, btw ;-)).

Split it into two parts if you must, or more, but make sure you understand all that is in this great, great lecture.

A closing thougt from Mr Griffin:

Federal Reserve System does not need to be audited…  It needs to be abolished!

 

I hear you Mr Griffin!

Keep stackin’ – FPOW FarleyB

© Copyright MMXIII RagingGoldenBull.com

Yra Harris predicts Gold will Close Higher at Year End

Yra Harris is called a “trader’s trader.” He says the latest deal on Greek debt is just

“pretend and extend. . . . “

The real problem is Spain because they’re big, they’re in debt and they have 27% unemployment.” Everyone in the Western world is dealing with the sovereign debt mess by printing money and suppressing interest rates.

 

Harris predicts:

“As long as real yields are negative, of course, gold is going to go up.”

Harris is afraid inflation could get out of control and says:

“It’s like being a little pregnant, you can’t really control it. Nothing destroys democracy like inflation–end of story.”

If Democrats and Republicans can’t reach a deal to avoid the so-called “fiscal cliff,” then Harris contends,

“Deflation . . . is bullish for gold because everybody knows what the central bank will do to answer the call . . . the Fed will become that much more aggressive.”

No matter what, Harris is betting that

“gold will be higher by the end of the year.”

© Copyright MMXII RagingGoldenBull.com

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. We know that too know …

© Copyright MMXII RagingGoldenBull.com

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.”

© Copyright MMXII RagingGoldenBull.com