$1.5 Trillion ion Bank Notes being hoarded all over the world ... Thx T. J. !

TJ DUPUY	5:02 AM (1 hour ago)
to

Yu need to read this.

https://needtoknow.news/2020/01/1-5-trillion-in-us-100-bills-are-being-hoarded-by-investors-to-protect-against-bank-confiscation-of-deposits/

Gold & Debt . . . Thx Marge R!

Trouble viewing this e-mail? Click here to read it online Weekend Edition: Doug Casey on Why Debt Is Not Money Editor's note: Yesterday, Casey Research founder Doug Casey explained why gold is uniquely suited for use as real money. Today, Doug explains why today's debt-based paper currency is not… By Doug Casey, founder, Casey Research Gold’s main use, contrary to the belief of some, isn’t in jewelry or dentistry—although those uses are important. Its main use has almost always been as money. But gold’s ancillary uses are growing in importance because, given its physical characteristics, it’s a high-tech metal. It’s one of the most resistant to chemical reaction, one of the most ductile, the most malleable of all the elements, and it’s an exceptional electrical conductor. There are lots of other advantages to gold as money. It’s by far the most private kind of money; gold coins, unlike paper currency, don’t even carry serial numbers. That makes it truly untraceable. At current prices, it’s more portable than cash, even in the form of $100 bills. It doesn’t retain traces of drugs, as does currency, which makes it less liable to arbitrary confiscation. Although efforts have been made to counterfeit gold bars, with tungsten filler and such, it’s much easier to authenticate than currency. Until quite recently, 90% of the world’s people were either flat-out prohibited from owning gold (Russia, China, and the rest of the ex-communist world) or simply too poor to consider it (most Indians and other residents of the Third World). But these people are now allowed to own gold and have a fast-increasing ability to buy it. And they’re rapidly doing so. Their cultures have long histories with the metal and recent histories of living in a police state; they understand the value of real money. Although common people are now the biggest gold buyers, their governments and central banks are accumulating it as well. I expect that gold will soon become the preferred medium of exchange for many. Early adopters will include dealers in drugs, armaments, and other prescribed merchandise; these folks are very security-conscious. They will be joined by all manner of people who just want to do business below the government radar. And in the years to come, paper currency is gradually going to be eliminated by governments in favor of debit cards, credit cards, and other media of electronic transfer. Governments prefer these things, for obvious reasons. People, therefore, are going to need a private way to trade when paper cash is unavailable. It’s not just that cash will be harder to come by and harder to use. People won’t want to hold it as inflation gets serious; as U.S. dollars are increasingly viewed as hot potatoes, people around the world will gradually go to gold. In 100 or so countries, the dollar is already the de facto currency for large purchases and long-term saving. What will people in these countries do as the dollar starts losing value rapidly? They won’t go back to their local currencies; their only reasonable alternative is gold. All these things will add to demand for the metal. This is good news for those who own gold in size now. Almost everybody, even gold bugs, has far too little gold. Most people have no gold at all. Pity the poor fools. Gold is going to be reinstituted as money within our lifetimes, simply out of necessity. But that can only happen at higher prices, since only about six billion ounces exist above ground in the entire world. Recommended Links WARNING: The Stock Market Could Soon Collapse One of America's best-known crisis experts predicts the U.S. financial system will collapse. He's sharing a unique way to prepare now – including what to buy, what to avoid, and how the coming crisis could make you 500%. Click here. - Double your money up to 15 times in a crash? Two crash signals flashing red RIGHT NOW! Across all of his research services, his readers had the chance at 15 different opportunities to double their money – or more – in 2008, the year of the worst collapse since the Great Depression. The bad news is, he thinks today’s crazy bull market may crash again, as early as May. This is the longest-running bull market in 95 years and we seem to pass a historic high every week! Can this possibly last forever? See this master trader reveal himself, his dire predictions and his profit system in his Countdown to Crisis live emergency briefing, scheduled for 8 p.m. ETon Wed., February 15. Click here to sign up now... -- Debt Now that we’ve defined what money is, let me further define what money is not: debt. All U.S. dollars, which is to say Federal Reserve Notes, are debt. They are neither redeemable for anything by their issuer, nor is there a limit on how many can be created. They represent only a vague claim against the “good faith and credit” of the United States government, which is to say the government’s ability to extract taxes from its subjects. But Uncle Sam has shown himself to be remarkably lacking in good faith and is currently embarked on a course to destroy his credit. The dollar is literally an “IOU nothing.” It’s true that your grocer and your barber have to accept the dollar because of “legal tender” laws, and because they currently wouldn’t know what else to take in payment. But that’s not true of foreigners, who own something like six trillion dollars. Paper money is an excellent means for governments to tax people indirectly, surreptitiously, through inflation. That’s one reason central bankers love paper money, but also, phony economic theories, like those of John Maynard Keynes, hold that the government not only can but should meddle with the economy, and the ability to print paper money gives them a means to do that. In today’s world, not only do people around the world take it for granted that paper is money, but that it should be so. But it’s all nonsense. After the current system collapses, as every paper money system in the past has collapsed, some form of money will have to replace it, and it’s almost certainly going to be gold. You know, in the 19th century, the “paper money” you carried in your wallet was called banknotes. Why? Because they actually were notes from your bank representing a specified amount of real money on deposit. People carried these things because they were much more convenient for large amounts of money than chests of gold. Dollars today say “Federal Reserve Note,” not “XYZ Bank Note,” on the back, because they aren’t redeemable for anything besides more Federal Reserve notes. That’s why today’s paper money substitutes are called fiat currencies; they have zero intrinsic value and are not redeemable for anything, but are accepted because the government will put you in jail if you don’t. It’s a fiat accomplished by force, not real value recognized by those who accept the notes. Hundreds of years ago, people accepted bank notes because they knew the reputations of the banks issuing them (when you traveled, you went to a reputable local bank, which knew the reputation of the bank that issued your notes, and the local bank could issue you new notes in local currency, etc.). There was no central authority to certify these notes. But today, people don’t think that way. They think it takes a government to assure the value of money. Of course, anyone in Zimbabwe can tell you a government’s guarantee is not necessarily worth anything. A collapse of the dollar – the world’s de facto reserve currency – could spark such a change in that way of thinking. Gold is also the only asset class that is not also simultaneously someone else’s liability. And in a world as financially unstable as today’s, you just don’t want to hold on to someone else’s liabilities any more than you have to. Especially if that’s a liability of an entity like the U.S. government. Other currencies are no better; most are worse, and many of them are backed largely by dollars. Governments, however, are not the only ones who think that debt is money. It seems that many people who get a bunch of credit cards, enabling them to spend beyond their means, imagine that they have money. And they also think that owning the debt of others – like government bonds – means they have money. A bank deposit isn’t really cash; it’s a debt of the bank. There are about three trillion dollars in money market funds; 100% of that money is invested in the short-term debt of banks, corporations, and governments. I would be very leery of these things. Debt is not always repaid. Money, however, simply “is.” That distinction is lost on almost everyone. Don’t be among them. So you should own gold because it’s money, because of its security, and because it’s an excellent speculation. If you think of your gold as cash, and the dollar as a merely temporarily fashionable means of exchange, you’ll find yourself loading your portfolio with much more gold and gold proxies. That will protect you against the very rapid loss of value the dollar faces in years to come. Inflation is going to truly get out of control. Editor's note: Gold stocks offer leverage to the price of gold…meaning when gold prices rise, gold stocks can shoot up much higher. The returns can be spectacular. And there's a once-in-a-lifetime opportunity setting up right now to profit off one publicly traded small cap… We just released a brand-new video explaining all the details. Keep in mind…when this news reaches the mainstream by April, share prices could go parabolic. Click here to learn more. FACEBOOK TWITTER GOOGLE + SUBSCRIBE © Casey Research, LLC 55 NE 5th Avenue Delray Beach, FL 33483 www.caseyresearch.com

Created by geniuses - Ran by Idiots ... Thx

BY JEFF FOXWORTHY: 

 

IF PLASTIC WATER BOTTLES ARE OKAY, BUT PLASTIC BAGS ARE BANNED, — YOU MIGHT LIVE IN A NATION (STATE) THAT WAS FOUNDED BY GENIUSES BUT IS RUN BY IDIOTS. WE DO LIVE IN SUCH A DUMB COUNTRY!! 

 

IF YOU CAN GET ARRESTED FOR HUNTING OR FISHING WITHOUT A LICENSE, BUT NOT FOR ENTERING AND REMAINING IN THE COUNTRY ILLEGALLY — YOU MIGHT LIVE IN A NATION THAT WAS FOUNDED BY GENIUSES BUT IS RUN BY IDIOTS. 

 

IF YOU HAVE TO GET YOUR PARENTS' PERMISSION TO GO ON A FIELD TRIP OR TO TAKE AN ASPIRIN IN SCHOOL, BUT NOT TO GET AN ABORTION — YOU MIGHT LIVE IN A NATION THAT WAS FOUNDED BY GENIUSES BUT IS RUN BY IDIOTS. 

 

IF YOU MUST SHOW YOUR IDENTIFICATION TO BOARD AN AIRPLANE, CASH A CHECK, BUY LIQUOR, OR CHECK OUT A LIBRARY BOOK AND RENT A VIDEO, BUT NOT TO VOTE FOR WHO RUNS THE GOVERNMENT — YOU MIGHT LIVE IN A NATION THAT WAS FOUNDED BY GENIUSES BUT IS RUN BY IDIOTS. 

 

IF THE GOVERNMENT WANTS TO PREVENT STABLE, LAW-ABIDING CITIZENS FROM OWNING GUN MAGAZINES THAT HOLD MORE THAN TEN ROUNDS, BUT GIVES TWENTY F-16 FIGHTER JETS TO THE CRAZY NEW LEADERS IN EGYPT — YOU MIGHT LIVE IN A NATION THAT WAS FOUNDED BY GENIUSES BUT IS RUN BY IDIOTS. 

 

IF, IN THE NATION'S LARGEST CITY, YOU CAN BUY TWO 16-OUNCE SODAS, BUT NOT ONE 24-OUNCE SODA, BECAUSE 24-OUNCES OF A SUGARY DRINK MIGHT MAKE YOU FAT — YOU MIGHT LIVE IN A NATION THAT WAS FOUNDED BY GENIUSES BUT IS RUN BY IDIOTS. 

 

IF AN 80-YEAR-OLD WOMAN WHO IS CONFINED TO A WHEELCHAIR OR A THREE-YEAR-OLD GIRL CAN BE STRIP-SEARCHED BY THE TSA AT THE AIRPORT, BUT A WOMAN IN A BURKA OR A HIJAB IS ONLY SUBJECT TO HAVING HER NECK AND HEAD SEARCHED — YOU MIGHT LIVE IN A NATION THAT WAS FOUNDED BY GENIUSES BUT IS RUN BY IDIOTS. 

 

IF YOUR GOVERNMENT BELIEVES THAT THE BEST WAY TO ERADICATE TRILLIONS OF DOLLARS OF DEBT IS TO SPEND TRILLIONS MORE — YOU MIGHT LIVE IN A NATION THAT WAS FOUNDED BY GENIUSES BUT IS RUN BY IDIOTS. 

 

IF A SEVEN-YEAR-OLD BOY CAN BE THROWN OUT OF SCHOOL FOR SAYING HIS TEACHER IS "CUTE" BUT HOSTING A SEXUAL EXPLORATION OR DIVERSITY CLASS IN GRADE SCHOOL IS PERFECTLY ACCEPTABLE — YOU MIGHT LIVE IN A NATION THAT WAS FOUNDED BY GENIUSES BUT IS RUN BY IDIOTS. 

 

IF HARD WORK AND SUCCESS ARE MET WITH HIGHER TAXES AND MORE GOVERNMENT REGULATION AND INTRUSION WHILE NOT WORKING IS REWARDED WITH FOOD STAMPS, WIC CHECKS, MEDICAID BENEFITS, SUBSIDIZED HOUSING, AND FREE CELL PHONES — YOU MIGHT LIVE IN A NATION THAT WAS FOUNDED BY GENIUSES BUT IS RUN BY IDIOTS. 

 

IF YOU PAY YOUR MORTGAGE FAITHFULLY, DENYING YOURSELF THE NEWEST BIG-SCREEN TV, WHILE YOUR NEIGHBOR BUYS IPHONES, TIME SHARES, A WALL-SIZED DO-IT-ALL PLASMA SCREEN TV AND NEW CARS, AND THE GOVERNMENT FORGIVES HIS DEBT WHEN HE DEFAULTS ON HIS MORTGAGE — YOU MIGHT LIVE IN A NATION THAT WAS FOUNDED BY GENIUSES BUT IS RUN BY IDIOTS. 

 

IF BEING STRIPPED OF YOUR CONSTITUTIONAL RIGHT TO DEFEND YOURSELF MAKES YOU MORE "SAFE" ACCORDING TO THE GOVERNMENT — YOU MIGHT LIVE IN A NATION THAT WAS FOUNDED BY GENIUSES BUT IS RUN BY IDIOTS. 

 

THINK BEFORE YOU VOTE IN ALL UPCOMING ELECTIONS. MOST OF THE IDIOTS RUNNING THIS COUNTRY SAY ONE THING AND DO THE OPPOSITE KNOWING THAT THE PEOPLE WHO VOTED THEM IN DO NOT PAY ATTENTION 

 

LET'S SEE IF I GOT THIS RIGHT!!! 

 

IF YOU CROSS THE NORTH KOREAN BORDER ILLEGALLY YOU GET 12 YEARS HARD LABOR. 

 

IF YOU CROSS THE IRANIAN BORDER ILLEGALLY YOU ARE DETAINED INDEFINITELY. 

 

IF YOU CROSS THE AFGHAN BORDER ILLEGALLY, YOU GET SHOT. 

 

IF YOU CROSS THE SAUDI ARABIAN BORDER ILLEGALLY YOU WILL BE JAILED. 

 

IF YOU CROSS THE CHINESE BORDER ILLEGALLY YOU MAY NEVER BE HEARD FROM AGAIN. 

 

IF YOU CROSS THE VENEZUELAN BORDER ILLEGALLY YOU WILL BE BRANDED A SPY AND YOUR FATE WILL BE SEALED. 

 

IF YOU CROSS THE CUBAN BORDER ILLEGALLY YOU WILL BE THROWN INTO POLITICAL PRISON TO ROT. 

 

IF YOU CROSS THE U.S. BORDER ILLEGALLY YOU GET ……. !!! A JOB, A DRIVERS LICENSE, SOCIAL SECURITY CARD, WELFARE, FOOD STAMPS, CREDIT CARDS, SUBSIDIZED RENT OR A LOAN TO BUY A HOUSE, FREE EDUCATION, FREE HEALTH CARE, A LOBBYIST IN WASHINGTON BILLIONS OF DOLLARS WORTH OF PUBLIC DOCUMENTS PRINTED IN YOUR LANGUAGE THE RIGHT TO CARRY YOUR COUNTRY'S FLAG WHILE YOU PROTEST THAT YOU DON'T GET ENOUGH RESPECT AND, IN MANY INSTANCES, YOU CAN VOTE. 

 

I JUST WANTED TO MAKE SURE I HAD A FIRM GRASP ON THE SITUATION !!! PLEASE KEEP THIS GOING!!! ...... FORWARD TO ALL OF YOUR FRIENDS AND FAMILY IT'S TIME TO WAKE UP AMERICA !!!!!!!!!!!!

 

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Best Dear Abby ... Thanks Doug!

BEST DEAR ABBY YET! DEAR ABBY: My husband has a long record of money problems. He runs up huge credit-card bills and at the end of the month, if I try to pay them off, he shouts at me, saying I am stealing his money. He says pay the minimum and let our kids worry about the rest, but already we can hardly keep up with the interest. Also he has been so arrogant and abusive toward our neighbors that most of them no longer speak to us. The few that do are an odd bunch, to whom he has been giving a lot of expensive gifts, running up our bills even more. Also, he has gotten religious. One week he hangs out with Catholics and the next with people who say the Pope is the Anti-Christ, and the next he's with Muslims. Finally, the last straw. He's demanding that before anyone can be in the same room with him, they must sign a loyalty oath. It's just so horribly creepy! Can you help? Signed, Lost Dear Lost, Stop whining, Michelle. You're getting to live in the White House for free, travel the world, and have others pay for everything for you. You can divorce the jerk any time you want. The rest of us are stuck with the idiot for one more year! Signed, Abby

World power swings back to America ... Thanks Dr. Hovermale!

Monday 31 October 2011

Interesting,just came in from an old friend.


Regards,

Ralph

Dr. H, I wish I understood all I know about "money and the world".  This sounds good from the British "Telegraph".

Sam

__________________________________________________________
World power swings back to America

The American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch of key industries. The current account might even be in surplus.



The making of computers, electrical equipment, machinery, autos and other goods may shift back to the US from China. Photo: AP By Ambrose Evans-Pritchard, International Business Editor

5:53PM BST 23 Oct 2011

1782 Comments

Assumptions that the Great Republic must inevitably spiral into economic and strategic decline - so like the chatter of the late 1980s, when Japan was in vogue - will seem wildly off the mark by then.



Telegraph readers already know about the "shale gas revolution" that has turned America into the world’s number one producer of natural gas, ahead of Russia.



Less known is that the technology of hydraulic fracturing - breaking rocks with jets of water - will also bring a quantum leap in shale oil supply, mostly from the Bakken fields in North Dakota, Eagle Ford in Texas, and other reserves across the Mid-West.



"The US was the single largest contributor to global oil supply growth last year, with a net 395,000 barrels per day (b/d)," said Francisco Blanch from Bank of America, comparing the Dakota fields to a new North Sea.



Total US shale output is "set to expand dramatically" as fresh sources come on stream, possibly reaching 5.5m b/d by mid-decade. This is a tenfold rise since 2009.



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The US already meets 72pc of its own oil needs, up from around 50pc a decade ago.



"The implications of this shift are very large for geopolitics, energy security, historical military alliances and economic activity. As US reliance on the Middle East continues to drop, Europe is turning more dependent and will likely become more exposed to rent-seeking behaviour from oligopolistic players," said Mr Blanch.



Meanwhile, the China-US seesaw is about to swing the other way. Offshoring is out, 're-inshoring' is the new fashion.



"Made in America, Again" - a report this month by Boston Consulting Group - said Chinese wage inflation running at 16pc a year for a decade has closed much of the cost gap. China is no longer the "default location" for cheap plants supplying the US.



A "tipping point" is near in computers, electrical equipment, machinery, autos and motor parts, plastics and rubber, fabricated metals, and even furniture.



"A surprising amount of work that rushed to China over the past decade could soon start to come back," said BCG's Harold Sirkin.



The gap in "productivity-adjusted wages" will narrow from 22pc of US levels in 2005 to 43pc (61pc for the US South) by 2015. Add in shipping costs, reliability woes, technology piracy, and the advantage shifts back to the US.



The list of "repatriates" is growing. Farouk Systems is bringing back assembly of hair dryers to Texas after counterfeiting problems; ET Water Systems has switched its irrigation products to California; Master Lock is returning to Milwaukee, and NCR is bringing back its ATM output to Georgia. NatLabs is coming home to Florida.



Boston Consulting expects up to 800,000 manufacturing jobs to return to the US by mid-decade, with a multiplier effect creating 3.2m in total. This would take some sting out of the Long Slump.



As Cleveland Fed chief Sandra Pianalto said last week, US manufacturing is "very competitive" at the current dollar exchange rate. Whether intended or not, the Fed's zero rates and $2.3 trillion printing blitz have brought matters to an abrupt head for China.



Fed actions confronted Beijing with a Morton's Fork of ugly choices: revalue the yuan, or hang onto the mercantilist dollar peg and import a US monetary policy that is far too loose for a red-hot economy at the top of the cycle. Either choice erodes China's wage advantage. The Communist Party chose inflation.



Foreign exchange effects are subtle. They take a long to time play out as old plant slowly runs down, and fresh investment goes elsewhere. Yet you can see the damage to Europe from an over-strong euro in foreign direct investment (FDI) data.



Flows into the EU collapsed by 63p from 2007 to 2010 (UNCTAD data), and fell by 77pc in Italy. Flows into the US rose by 5pc.



Volkswagen is investing $4bn in America, led by its Chattanooga Passat plant. Korea's Samsung has begun a $20bn US investment blitz. Meanwhile, Intel, GM, and Caterpillar and other US firms are opting to stay at home rather than invest abroad.



Europe has only itself to blame for the current “hollowing out” of its industrial base. It craved its own reserve currency, without understanding how costly this “exorbitant burden” might prove to be.



China and the rising reserve powers have rotated a large chunk of their $10 trillion stash into EMU bonds to reduce their dollar weighting. The result is a euro too strong for half of EMU.



The European Central Bank has since made matters worse (for Italy, Spain, Portugal, and France) by keeping rates above those of the US, UK, and Japan. That has been a deliberate policy choice. It let real M1 deposits in Italy contract at a 7pc annual rate over the summer. May it live with the consequences.



The trade-weighted dollar has been sliding for a decade, falling 37pc since 2001. This roughly replicates the post-Plaza slide in the late 1980s, which was followed - with a lag - by 3pc of GDP shrinkage in the current account deficit. The US had a surplus by 1991.



Charles Dumas and Diana Choyleva from Lombard Street Research argue that this may happen again in their new book "The American Phoenix".



The switch in advantage to the US is relative. It does not imply a healthy US recovery. The global depression will grind on as much of the Western world tightens fiscal policy and slowly purges debt, and as China deflates its credit bubble.



Yet America retains a pack of trump cards, and not just in sixteen of the world’s top twenty universities.



It is almost the only economic power with a fertility rate above 2.0 - and therefore the ability to outgrow debt - in sharp contrast to the demographic decay awaiting Japan, China, Korea, Germany, Italy, and Russia.



Europe's EMU soap opera has shown why it matters that America is a genuine nation, forged by shared language and the ancestral chords of memory over two centuries, with institutions that ultimately work and a real central bank able to back-stop the system.



The 21st Century may be American after all, just like the last.

Fundamental liberal philosophy ... Yep, friend!

Does this explain liberals to you?




"This is sheer genius."



In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac, Senator Bob Corker (R-Tenn.) proposed that borrowers be required to make a 5% down payment in order to qualify.



His proposal was rejected 57-42 on a party-line vote because, as Senator Chris Dodd (D-Conn) explained, "Passage of such a requirement would restrict home ownership to only those who can afford it."



I can't add anything to this

SamKat will add a little though:

This is easy for you to say, friend. You worked hard, saved a little change, and always tried to mind your p's and q's. Are you trying to say real benefits from our "partnership" system with our government should be rewarded by hard work and honesty? I resemble that remark.



Jeanie and I have bought three houses (mortgaged) and have paid ten per cent down each time. How dumb we must be for thinking such money deals have helped keep America great. The banks have benefitted from interest 'earned'. The government non-representatives of "We, the People" encourage those who don't work, to keep up the good non-work!


Go Tea Party! Ignore our national media and simple minded 'representatives' like Chris Dodd (D).

Two Brazilians and o

I don't care which way you lean politically............. this is funny






The Dept of Defense briefed the President this morning.




They told President Obama that two Brazilian soldiers were killed in Iraq . To everyone's surprise, he collapsed onto his desk, head in his hands, visibly shaken, almost in tears. Finally, he composed himself and asked, 'Just how many is a brazilian?'



This is not surprising, since he obviously has no understanding of billion or trillion either.

Quantitative Easing Thanks Sarah Rapp!

Summary
The term quantitative easing (QE) describes a form of monetary policy used by central banks to increase the supply of money in an economy when the bank interest rate, discount rate and/or interbank interest rate are either at... More »

Read more: http://www.businessinsider.com/what-is-quantitative-easing-2010-8#ixzz173s5MBy6