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We no longer have a sound eco­nom­ic finan­cial sys­tem — It has long been replaced by a dys­func­tion­al Ponzi Scheme.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. Yep, we know that too now …

© 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