Quote — Norm Franz on Gold, Silver and Debt

Norm Franz takes some quality time out to pose for a photo

Norm Franz — Author and great quo­ta­tion com­pos­er

Gold is the mon­ey of kings, sil­ver is the mon­ey of gen­tle­men, barter is the mon­ey of peas­ants — but debt is the mon­ey of slaves ”

  • Norm Franz (Author, 2001)

Norm Franz is an author and con­cerned about mon­ey. He is also con­cerned about reli­gion and scrip­tures which are not so applic­a­ble to me. But what I can say is that this quote is bang on! It is a mas­ter­ful quote. It is lift­ed from his book Mon­ey and Wealth in the New Mil­len­ni­um (2001).

A much sim­pler ver­sion of the phrase exist­ed for hun­dreds (if not thou­sands) of years before in the form of “Gold is the mon­ey of Kings”.

By buy­ing Gold you can start to get out of our debt based mon­e­tary system…Before it collapses…Which it only a mat­ter of time now…

I think that says it all.

More Gold­en Mon­ey Quotes

© 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 — JP Morgan on Gold

JP Morgan - Showing uus all that tings don't really change...

JP Mor­gan him­self. Any rela­tion to Cap’n Mor­gan?

Gold is Mon­ey. Every­thing Else is Cred­it”

  • JP Mor­gan (New York Banker, Decem­ber 18 and 19 1912)

So there you have it. Straight from the hors­es mouth.

And what is real­ly inter­est­ing here is how this quote came about. This was not some sim­ple quip on the street, or over a glass of wine too many after din­ner impress­ing friends. No Siree!

This my lit­tle chums, was deliv­ered straight from the hors­es mouth to con­gress when he was being cross-exam­ined by a “spe­cial com­mit­tee” for bank fix­ing which was going on back then! Or, in their words Appoint­ed for the Pur­pose of Inves­ti­gat­ing an Alleged Mon­ey Trust in“Wall Street.”

You see back then there was a strong sus­pi­cion that the bankers were col­lud­ing (Noh say it aint so! Gasp, shock, hor­ror. Not like LIBOR or some­thing?!), and this was called the “Mon­ey Trust”. This was before the Fed­er­al Reserve, but about the time of the Jekyll Island stuff (see here).

For those inter­est­ed, I have a tran­scrip­tion of said JP Mor­gans Tes­ti­mo­ny right here before the “Bank and Cur­ren­cy Com­mit­tee of the House of Rep­re­sen­ta­tives”. I invite you to notice that Jamey Dimon is much more smug these days (did you know that he is a bub­ble? So he is not just mak­ing the bub­bles, he actu­al­ly is a bub­ble him­self ;.).

Anoth­er lit­tle bit of bunk — Mr Mor­gan was almost 75 years young when the Titan­ic sank. He had his own pri­vate suite and prom­e­nade deck on the Titan­ic. He was sup­posed to join her for her maid­en voy­age but can­celled last minute, spar­ing him the fate of many of his oth­er mil­lion­aires bud­dies.

So there you go geezer — “Plus ça change, …” and all that… Things have not changed one bit…

More Gold­en Mon­ey Quotes

© Copy­right 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

UBS to Pay Over $450 Million to Settle Libor Probe

UBS are get­ting ham­mered (as they should be):

ZURICHUBS AG (UBS) is close to a set­tle­ment with U.S. and U.K. author­i­ties and is expect­ed pay more than $450 mil­lion over claims that some of its employ­ees report­ed false Libor rates to boost the bank’s prof­it, the New York Times report­ed Sun­day, cit­ing anony­mous offi­cials briefed on the mat­ter.

If the Zurich-based bank agrees to the deals with var­i­ous author­i­ties, the col­lec­tive penal­ties would yield the largest total fine to date relat­ed to the rate-rig­ging inquiry and would increase the like­li­hood that oth­er finan­cial insti­tu­tions would face stiff penal­ties, it report­ed.

UBS was­n’t imme­di­ate­ly avail­able to com­ment on the report.

Author­i­ties dealt their first blow in the rate-rig­ging case in June, when U.K. bank Bar­clays Plc (BARC.LN) agreed to a $450 mil­lion set­tle­ment.

U.S. offi­cials are hop­ing to com­plete a deal with UBS by the mid­dle of the month, accord­ing to offi­cials briefed on the mat­ter, the paper report­ed.”

see the full sto­ry:

http://www.nasdaq.com/article/ubs-to-pay-over-450-million-to-settle-libor-probe-20121203–00132

 
© Copy­right MMXII RagingGoldenBull.com