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We no longer have a sound economic financial system – It has long been replaced by a dysfunctional Ponzi Scheme.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 – OffshoreTax Free Havens (how to do it)

Not directly related to gold I know but how is it that big companies like Apple, Amazon, Starbucks, Microsoft, et al get away with paying virtually no tax on their massive profits?

This robs the local governments of much needed financing which has to be found from other sources – usually the likes of you and me to make up the shortfall – This is an utterly amazing exposé of how the whole offshore industry fits together.

Of-course, we could now do the same thing ourselves and take an an example from the fine corporations of the world.

Enjoy!

© Copyright MMXIII RagingGoldenBull.com

UBS to Pay Over $450 Million to Settle Libor Probe

UBS are getting hammered (as they should be):

“ZURICH–UBS 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

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……