THANK GOD FOR GOLD, PART ONE

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Why do we say, “Thank God”, when the world is on fire?  Do we really have anything to be thankful for this Thanksgiving?  And why is gold such an undervalued asset?

While we fight our way through numbness and Weimer hyperinflation posing as a 1930s depression I’m not dumbfounded to learn that debt continues to mount exponentially everywhere I look.  It’s in the tea leaves of global financial stress and it’s the bottom line of every paycheck we earn.  Everybody’s heading for bankruptcy, and nobody seems to have a really solid answer on how to avoid it.

No business or governmental entity appears to be immune.  Financial writer John Rubino says nothing demonstrates the “imminent bankruptcy” problem for cities, states, and countries that are swimming in unrepayable debt better than the financial obligations of New York City.

“They just announced that they have unfunded liabilities for retiree healthcare, just retiree healthcare and not the rest of their pensions, of $100 billion,” Rubino, founder of blog and news aggregation site dollarcollapse.com, says.  “That’s for a city, not a state or a country, and if you add their unfunded liabilities for their pensions, which is another $50 billion or so, and their official debt, which is $50 billion or so, you get $200 billion that New York City is on the hook for that they have not put money away for.”

Across our nation many cities are having major financial problems that run parallel to debt.  Unfunded liabilities for pension funds are a real liability.  Unfunded liabilities for retiree healthcare alone, not the rest of their pensions, can be astronomical, as the New York City example illustrates. 

We’re talking about a city filled with generations of unlimited healthcare for life for those who retire at age sixty, which is a really big expense.  Then you add in the pension fund unfunded liabilities, that cities and states are on the hook for, but have not put the money away for. 

So if you’re a fireman, cop or school teacher, and you worked ten years for New York City, you got health care coverage forever.  Baby Boomer cops, firefighters and teachers are retiring in greater numbers now and they’re going want to get the benefits of that healthcare coverage and retirement pension as cities’ finances fail into bankruptcy, so where’s it going to come from?

Major cities like New York and Chicago and Los Angeles are facing bankruptcy because of these unfunded liabilities, and who’s going to be the first one to blow and how will that affect your family and state?

The city of New York’s problems aren’t my city’s problems, exactly, yet, but they are the type of problem facing pretty much every major city and state tied to every country in the world that’s tied to the U.S. dollar.  Think Puerto Rico, Turkey, and Chicago, Illinois.  Who is going to pay their debt bond holders when their revenue streams dry up?  Who’s going to pay to haul the trash and clean city streets?  It can be difficult trying to be thankful in a world that seems to be at war with everyone while we all go bankrupt.

WHO WILL BE THE FIRST DOMINO TO FALL IN THE PUBLIC PENSION CRISIS?

A hundred other states and cities are in the same position, says John Rubino to Greg Hunter on usawatchdog.com.  When one goes they all go.  At some point, the whole thing blows up.  We’re talking about our financial system here, and it’s all interrelated through debt.

Unfunded liabilities in many cities and states are greater than the amount of official debt.  They are real obligations.    

Financial stresses are cyclical, Rubino says, and the question for New York is will they be able to raise the revenue needed to continue to keep the city going and to pay off their bonds?  Running a city or government is expensive.  Where will NewYork – Chicago, LA, Illinois, Turkey, Puerto Rico or the US – continue to get their revenue from to pay their growing debt?  New York has Wall Street, and New York does well when there’s a bull market and everyone’s making money and paying taxes.  But what happens when there’s a bear market? Where then do they raise the capital to pay their bills? 

Ongoing expenses can eat up a tax revenue quickly, and then you throw in massive public sector obligations like pensions and healthcare that will break the bank for these municipalities.

 States and cities must have the money to take out the trash and keep the water running which can pose tremendous conflict when it comes time to pay their bond holders.  If they don’t they will be closed out of debt markets forever.  Forced to live within their means.  Make cuts, or raise taxes.  Taxes go up, services diminish, and everyone leaves.  The tax base moves out, which is what we see here in the Golden State.  Think San Francisco.

In California our problem is that we rely on Silicon Valley and tech IPO capital gains and when that goes away during a bear market our tax revenues plunge too, Rubino says.  What happens when the cash flow simply isn’t there for us anymore?  Do we all have to move to Reno?  If we get to the point of where nobody can pay their debts and the bondholders get stiffed, then what?

The government comes and bails everybody out, right.  When major companies like GE or a state or locality goes bankrupt the government usually steps in and assumes the bankrupt balance sheet of that company, municipality or state.  This has been the American way of doing business for many decades.  The taxpayers take on the burden, having assumed all of the risk, and our national debt expands.

WHAT IF NO ONE BAILS THEM OUT THIS TIME?

We don’t have to bail out failing cities or corporations.  We can allow them to go belly up and learn their lessons.  That’s how it goes with capitalism.  There’s room for failure.  It’s called bankruptcy. 

Of course even if the federal government doesn’t bail them out the Federal Reserve could step in with loan guarantees or some other kind of tools to bail out bankrupt entities, Rubino says.

President Trump can help teach a lesson to those who control the financial system, but will he?  Or are the numbers too great and will the threat to destabilize the entire system be too scary to most?  Everyone wants to know who will be the next Lehman Brothers.  Will it be Chicago?  Goldman Sachs?  Apple?  PG&E?  New York City?

Due to all the debt America has taken on we’re going to see a collapse in the U.S. dollar, the financial writer tells Greg Hunter.  That much is clear.  There’s too much pressure on the system.  That pressure has to be released somehow.  It could be released through the deflationary path, where we let them go bankrupt.  Or we could bail them out.

But is that a legitimate solution to our financial issues at this time?  Rubino says that it only masks the problem.  “If you bail out all that debt, you shift the pressure over to the currency markets,” Rubino says.  “In other words, we’re creating trillions and trillions of new dollars, dumping them in the system propping up the bond market.  And then people realize the currency itself is in oversupply.”

That’s when people convert their currencies into hard assets like farmland, rental properties, or gold and silver.  The currency has collapsed and smart investors want value.

But the economic model is still going to have to be replaced.  The present system is destroyed beyond repair.  That’s why Russia, China and other Asian countries are bailing on the U.S. dollar and buying up all the gold.

“You reinstitute some kind of sound money,” Rubino says.  “So that is the most likely way out of this for us.  This is what happens when people understand fiat currencies and that giving government an unlimited printing press is a bad idea and we have to rectify that.”

How we rectify that will be discussed in part two of Thank God for gold.

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2018 MIDTERMS: CIA DEMOCRATS VERSUS GOD’S AGENDA. WHO YOU VOTING FOR? PART 2

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As if the 2018 Midterm Elections aren’t complicated enough consider this factor: The Central Intelligence Agency is in league with the Democrat Party to take control of the United States House of Representatives. At least that’s how economist, columnist and former Reagan Administration Treasury Assistant for Economic Policy Paul Craig Roberts, who was recently banned by Twitter for expressing the wrong opinion publicly, frames it in a guest contribution piece he posted at paulcraigroberts.org entitled, “The CIA in league with the Democratic Party is Moving to Take Control of the House of Representatives.”

This is a very serious issue facing Americans who believe in something called “Freedom”. We do need to come to terms with those with whom we are truly dealing, once we identify who they are.

“An extraordinary number of former intelligence and military operatives from the CIA, Pentagon, National Security Council and State Department are seeking nomination as Democratic candidate for Congress in the 2018 midterm elections. The potential influx of military-intelligence personnel into the legislature has no precedent in U.S. political history,” writes Patrick Martin in the original article posted by Roberts called, “The CIA Democrats: Part one.

Writing for something called the World Socialist Web Site Martin notes the Democrats have gone the way of the military intelligence candidate. If the Democrats capture a majority in the House of Representatives on November 6 candidates drawn from the military-intelligence apparatus will comprise up to half of the new Democratic members of Congress. They will hold the balance of power in the Congressional lower chamber.

Democratic party leaders are known to have actively recruited candidates with a military or intelligence background for competitive seats where there is the best chance of ousting an incumbent Republican or filling a vacancy, frequently clearing the field for a favored “star” recruit, Martin writes. “The Democratic leaders are promoting CIA agents and Iraq and Afghanistan war veterans,” he writes. There are far more former spies and soldiers seeking the nomination of the Democratic Party than of the Republican Party.

The military-intelligence candidates are disproportionately favored by the party apparatus, encouraged to run in districts that are the most likely takeover targets. Military-intelligence candidates account for 10 of the 22 districts selected for the most high-profile attention as part of the “red-to-blue” program, or nearly half, Martin writes. In some cases, military-intelligence candidates have amassed huge campaign war chests that effectively shut out any potential rivals, an indication that the financial backers of the Democratic Party have lined up behind them.

WHAT WOULD A CIA INDUCED DEMOCRAT VICTORY IN 2018 MIDTERMS LOOK LIKE?

Democrat and House minority leader Nancy Pelosi is described as already “plotting her return to the speakership,” laying out an agenda for “when – if – she wins,” Breitbart News reports. The former speaker of the house promises to introduce a package for campaign finance reform as the first bill of the 116th Congress.

Should the Democrats take the 2018 election Pelosi’s next priorities as speaker, she told Politico, would include new gun control laws and amnesty for illegal aliens. “After that, Democrats are looking at lowering drug prices and then will try to work with Republicans on a gun background check bill and protecting so-called Dreamers, undocumented immigrants who were brought to the U.S. as children,” Pelosi told Politico.

If the Democrats win the House we can expect more gun control measures, open border policy, amnesty and sanctuary cities. The Politico article does not mention impeachment, but other Democrats have, so we can expect that too.

A Democrat victory in the 2018 Midterms promises an attack to impeach President Trump while others like Rep. Jerrold Nadler (D-NY), who will likely head the House Judiciary Committee if Democrats take over, will continue investigating United States Supreme Court Justice Brett Kavanaugh.

If November’s elections put the chairman’s gavel in Nadler’s hand he expects the House Judiciary Committee to immediately subpoena records from the White House and the F.B.I. and try to interview Justice Kavanaugh’s accusers and the dozens of potential witnesses they identified.

BUT WHAT IF GOD WINS THE 2018 MIDTERMS?

All the Democrats have planned for this 2018 election is to gang up with the mainstream media to terminate Trump’s agenda. They have no other platform.

If “God’s Agenda” were to actually affect the 2018 Midterms what might that look like for the average homeless layman on the American street? According to the President of the United States it would begin with more tax cuts. “We are looking at putting in a very major tax cut for middle-income people. And if we do that it’ll be sometime just prior to November … “, POTUS is quoted on Twitter as saying.

Fortune.com cites the president as floating the idea of a 10% middle income tax cut. Critics argue that might be a better idea if there were actually a middle class left in America to tax.

President Trump has also told us that we can expect this election to be about law and order which means he will continue his quest to drain the Washington D.C. swamp. There have also been less than subtle indications that Trump could maneuver to break up corrupt monopolistic institutions like big media, the Silicon Valley, and big pharma.

And what about the national debt that is almost $22 trillion strong and growing, exponentially? We can only imagine how steep the debt will climb after America’s next qualitative easing binge which we are quickly approaching. How much more debt will we then be printing up just to keep our central banks afloat?

President Trump was brought aboard the revolution by American patriots and U.S. military leaders so he could deal with a country in bankruptcy and at never ending war. With tremendous backing he is using a multi-prong attack on our economy by bringing back to the U.S. manufacturing, employment, and tax cuts for the average citizen. He is instilling strength into what would otherwise be a truly bankrupt domestic economy. That’s why we will continue to see heavy finger pointing at the Fed by our presidential Tweeter.

President Trump holds the Federal Reserve Bank directly responsible for our country’s financial problems. He’s been heavily critical of the Fed for raising rates and acting way too independent for any of our good. The central bank operation acts on behalf of central bankers only. There’s no consideration given to us the people of America or the world or the economic realities we face every day. That’s why Trump blames the Federal Reserve for badly damaging the American real estate and automobile markets by pricing out consumer loans.

So what is going to happen to America’s debt problem with the Fed after the election? One option is to default on it. Completely erase the debt like Trump is said to have done with Puerto Rico. But that would wipe out central banking as we know it here in the U.S. and that’s probably not going happen if Democrats win the House and impeach Trump.

So does prosperity ever come into play for our families in all of this? Do we have to drain the swamp in the financial system too just so our children will have a future to live for? And does that mean getting rid of the Federal Reserve might be a good idea?

American politician and former businessman David Stockman believes it does. “There is no need for central bankers at all when it comes to economic growth, jobs, incomes and prosperity,” Stockman writes via contra corner blog.

If there’s no need for the Federal Reserve Bank then what will American families need to do to succeed financially? “Work, effort, production and enterprise are what create both current income and future growth,” Stockman writes. “Demand flows from supply and spending flows from income; capitalism doesn’t need any U-3 obsessed central bankers to make it all happen.”

Simple economics of which President Trump seems well aware. We need to bring U.S. dollars and manufacturing back home, with jobs to run them, of which we are beginning to see the results.

Which is probably why the Chicago Tribune recently called the United States the most competitive economy on the planet. We are beginning to witness prosperity and the mainstream media is reluctantly telling us about it. Maybe that’s how God planned it the whole time.

Like the New York Times declaring in a major headline: “Competitiveness Rank Of No. 1 Makes It Official – U.S. Economy Is Great Again”. God is talking through Trump to the people of the world and the mass media is starting to take notice.

Did you see the World Economic Forum just named President Trump’s America as having the best economy in the world. That’s our America too. Yours and mine. And maybe we will be great again some day. The Midterm Elections are going to play a big part in that. Especially if there’s a “Red Tsunami” that’s all part of “God’s Agenda.”

 

IS GOD RIDING HIS SURFBOARD TO THE “RED TSUNAMI”? PART ONE

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Like many of those who suffer from PTSD, former firefighter Mark Taylor knows what it’s like to fight through sleepless nights of sweat while facing an unbearable attack of mind, body and soul from forces greater than oneself. It’s a scuffle to survive, where the will to live can become weak with fever as the desperate struggle for truth becomes paramount for existence. For Mark Taylor it’s always been about him recognizing God’s guidance to truth in time of need to help raise awareness to a greater understanding of The Creator’s relationship with the awakening of the collective human consciousness.

In 2011 Mark Taylor had already predicted Donald J. Trump would become president of the United States. He wrote a popular book about it called Trump Prophecies and they made a terrific movie out of his book.

The humble prophet has also predicted former U.S. President Barack Obama will be going to prison and President Trump is going to appoint a total of 3 to possibly five new “Constitutionalist” United States Supreme Court Justices before he leaves office. The recent political battle against the Democrat Socialist Leftists just to get Judge Brett Kavanaugh to the U.S. Supreme Court is Trump’s second of five SCOTUS (Supreme Court of the United States) victories.

Taylor is a proponent of bringing to light the severe PTSD issues firefighters face. He says that firefighters and other first responders suffer from PTSD with similar frequency as do military war veterans and police officers. Taylor speaks publicly to bring about answers to complicated problems that face citizens living in every community in America.

Regarding the upcoming 2018 Midterm Elections Taylor says the conclusion is foregone. “It’s going to be a Red Tsunami,” he says.

IT’S GOING TO BE A RED TSUNAMI

Donald J. Trump has played a major roll in helping to save America from a deep threat stemming from multiple fronts. He has helped stave off a complete collapse of the global financial system, helped reduce unemployment in the African American community, and is helping to bring prosperity to the American economy in ways we haven’t seen in decades.

As promised President Trump is lowering taxes and taking on the Communist Chinese regime with tariffs and a trade war that is helping to balance the world economically. China’s communist regime has been out of control for many years and they have played a major part in the problems that plague America domestically in every facet of our country.

With one hand President Trump is giving tough love to Russia and pulling out of the landmark nuclear weapons treaty over Russia’s new impossible to defend against hypersonic missiles while pointing the big finger of the other hand at the Federal Reserve Bank as a major culprit in the blowing up of our domestic economy, the ever expanding U.S. debt, and the financially devastating raising of interest rates.

Trump has been attacked from the mass media and the left ever since he announced he was running for president back in 2015. The whole focus of the left is to at all costs remove Trump from power. They’ve been citing his agenda as an excuse, the talking heads of the leftist mainstream media distorting facts and disinforming the world to shape a confused public opinion.

So what exactly is Trump’s agenda? Is it to destroy the Democratic party so the Republicans can win the House and Senate? Is it to destroy the Federal Reserve Bank and return printing America’s currency to the United States Treasury?

Actor James Cromwell calls it “nascent fascism,” and warns of “revolution” with “blood in the streets”, which means Trump supporters are nascent fascists and it will be their blood flowing in the streets.

Mark Taylor says it’s all about humility. He says the President isn’t pressing any kind of agenda. Taylor calls President Trump the same type of down to earth human being acting as a servant of God as he turned out to be. President Trump is humbly serving the will of God and this is not about his having an agenda at all.   What this is about is God’s Agenda.

GOD’S AGENDA IN REAL TIME U.S. POLITICS

If God’s Agenda applied to present day politics the 2018 Midterms might be a good place to show up. Across America there are major political battlefields for state governorships and the U.S. Senate that are going to need to be taken if God’s Agenda is to be fulfilled.

The U.S. House of Representatives provides a key battlefield that has witnessed President Trump stumping all across the country on behalf of GOP representatives. This might also provide a major window into how God’s Plan might (or might not) be applied this November. There appear to be twenty pivotal races that some political experts say are expected to determine which party controls the House of Representatives after voters go to the polls on November 6. The result of this election will reverberate through our family’s futures for generations to come, so we will want to make it count. It’s that important.

Many experts say Democrats already hold the lead. The generic ballot advantage of Democrats in Congressional races in the midterm elections holds steady at around 7.6 percent, says RealClear Politics. This is slightly above the five percent generic ballot advantage most political experts believe Democrats have needed to win a majority in the House since the gerrymandering of congressional district boundaries by Republican controlled legislatures after the 2010 census.

Breitbart News previously reported that only 95 of the 435 House races are considered competitive. Of the 340 House seats that are not competitive, 150 are safely Republican, while 190 are safely Democrat.

Breitbart News estimates that 66 of the 95 competitive races are now likely Republican, while nine are now likely Democrat. Breitbart has classified the remaining 20 key competitive races as election day toss-ups. Nineteen of those seats are currently held by a Republican. Only one is currently held by a Democrat.

As things stand at the time of this publication 209 seats are likely Democrat, while 206 likely Republican. In order to maintain a majority in the House of Representatives, Republicans must win 12 of these 20 key races that are the remaining toss-ups.

Right now the polls give the Democrats the edge in winning the House of Representatives. The truth is there appear to be a range of outcomes in which either party ends up with a majority in the House.

A best outcome for the Republicans scenario according to Breitbart News would have them winning 14 of these remaining 20 toss-up races and emerge with a narrow five vote margin over the Democrats when the 116th Congress convenes in January. That would make the score 220 Republicans to 215 Democrats.

The best outcome for the Democrats would see them running the table on these 20 “toss-up” races and end up with a 23 vote majority in the 116th Congress, 229 Democrats to 206 Republicans.

To do so the Democrats will need the help of the CIA. We will find out why in Part Two of this Midterm Election special.

 

 

HOW MUCH GOLD DOES THE U.S. REALLY OWN AND HOW MUCH WILL IT COST US?

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Two weeks ago we published an interesting article regarding the situation where the U.S. may or may not have enough gold to back our new U.S. currency when it debuts on the international financial marketplace. The United States Federal Reserve Note is soon to be history and it’s only a matter of time before it is replaced with a new U.S. currency that will have to be gold backed.

We received many positive responses regarding the article one of which was from a former client who works in the international institutional banking industry, which is completely different than the commercial banking industry we have become used to here in the U.S. These are the organizations that deal in assets with banking institutions that fund national central banks all around the world. These are the entities that own the real assets of the world, not the green backed paper with the ink that’s printed on it that we trade here in the West and call value.

Rita and I hadn’t spoken with each other for some time but she said she liked my article and it felt like old times. A mutual friend had sent the link of my blog to her. Back in the good ol’ days I used to tease Rita and call her “Lovely Rita meter maid” because she was a very lovely lady. She still is and very bright, a well educated woman who has always been very supportive of my writing. But this time she said there was “a problem” with some of the information I had provided. She zeroed in on the amount of gold I claimed the United States government claimed it owned. I thought the focus of her response to be odd since I had researched my information impeccably, but it was right at the center of what my article was about and I had to respect it. She was very succinct in what she said.

Regarding the actual amounts of gold in the United States I wrote that, “America claims to hold 8,133.5 tons of physical gold in its official reserves.” The disagreement my former client has with this figure is that she believes it is actually much lower. “I think the total amount is not the massive amount quoted with the real figure being far below the quoted figure,” Rita writes.

It is a fair response and I know Rita knows exactly of what she speaks. She’s been working the international financial industry game a long time, much of her time these days spent dealing with computers, financial documents, attorneys, banking officials, and members of international law enforcement. She’s precise with her work and provides specific statistics.

The problem is there is one factor that no one appears to have caught on to, Rita writes. “That is that the World Gold Council has stated that there have only been about 165,000 MT (metric tons) of the precious metal ever produced.”

That “official” figure had oddly grown since 2010 in amounts that make no historical sense. “Back in 2010 the figure was 135,000 MT (metric tons), so there is a 30,000 MT addition in 8 years which practically is just not possible because all the gold mines in the world cannot produce that much gold in 8 years, which is 3,750 MT per year,” Rita writes.

Rita is an international banking and precious metals expert and I trust her experience and reasoning for the steep increase in physical gold in U.S. possession. She’s saying that somehow Uncle Sam obtained it illegally. “Therefore I can only assume that the US is adding in some of the gold that they have stolen,” she writes. “In which case the real figure for the U.S. gold holdings is likely to be somewhere between 1,000 MT and 1,500 MT, if that.”

There are several disturbing prospects raised by Rita the first of which is that if she is correct, and the U.S. does in fact only have 1,000 MT to 1,500 MT of gold, then how does that figure suddenly rise to the 8,133.5 tons of gold I cited in my article? That’s the official figure. Or is the officially stated 8,133.5 MT figure a lie?

Rita writes that, “Russia and China are snapping up everything sold by the global legal bullion Markets, so the big question is, ‘Where has the United States suddenly got their gold from?????'”

DO WE HAVE THE GOLD OR DON’T WE?

If it’s true, that America has dramatically increased our amounts of gold assets, beyond the gold industry production capabilities, then how did we do that?

Rita says it’s obvious that we stole it from her clients. She sites specific U.S. military assets as being used in the transporting process. “We have calculated a loss of 1.2 million MT of gold from my clients’ banks,” Rita writes, “which we have traced as having been stolen by American interests, and shipped out … by U.S. Navy ships and U.S. Air Force C17 and C130 aircraft.”

Rita sites specific instances of United States government agents in the U.S. military as being responsible for stealing American gold from other countries around the world, particularly Asia and Europe, and bringing it back to American soil (or elsewhere). She also says we steal gold out of South America, The Middle East, and Africa. She says it’s been going on for a long time.

Which of course brings us back to: How much gold does America really have? Do we have enough gold to back a new currency to replace the Federal Reserve Note? If not, where are we going to get it from since the U.S. dollar is being replaced globally, and other countries aren’t going to sell us valuable assets like gold for worthless paper?

And if we do have enough gold to back a new U.S. currency, how did we get it? How much did we pay for it? Do we have receipts? Or did we steal it? And if so, wouldn’t we have to pay it back?

WHO’S GOING TO PAY WHOM FOR WHAT GOLD?

The number repeatedly stated by the government and media for the U.S. national debt is $21 trillion. Who is going to pay that off when the U.S. dollar crashes?

Michigan State University economist Mark Skidmore and Catherine Austin Fitts, former assistant secretary of U.S. Housing and Urban Development (HUD), claim that another $21 trillion has come up missing from audits of HUD and the Department of Defense (DOD). That’s another $21 trillion in debt our children and our children’s children are never going to be able to repay.

That’s $42 trillion of debt that we know America owes and then if we have to pay for the gold that Rita says was stolen by our government, how much would that cost us? How much would the interest alone be? To whom would we have to pay it back? And does that mean our families are going to be indentured servants in perpetuity?

 

 

WHAT HAPPENED TO HR 5404 – AND THE GOLD BACKING OF AMERICA’S NEW CURRENCY?

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It’s tough being a kid growing up in these times of civil war and deprivation where censorship runs rampant and the many layers of falsehood are often confused for truth. We’ve seen up close the horrors of pain and desperation etched onto the faces of hungry American children and frail elders alike. Our food and water is poisoned, geoengineering is making us ill and destroying the environment in which we live, and fires endlessly burn us out of our homes, jobs, and air. The economy has turned many of us into financial slaves and we can feel the devastation of loved ones falling apart right before our helpless eyes.

Our children are our futures yet they suffer from the darkness of a financial insecurity of which they are yet unaware. Many families don’t have enough money to make ends meet on a monthly basis which means they don’t have the financial wherewithal to keep their families together, to fill their children’s bellies with nutritionally balanced meals, or to clothe them properly from head to toe. Choices with profound implications have to be made under every roof every day. Irreversible sacrifices are being taken. Bills are not getting paid, medicines or food or both are not being bought, and almost all of this has to do with scarcity in the name of the American Dollar.

WHAT HAPPENED TO HR 5404?

One of our biggest problems is that the U.S. dollar has basically become worthless, rendering our purchasing power of goods and services in the marketplace to near nothingness. We’ve been fleeced through the last hundred or so years by the United States Federal Reserve, fiat currencies, and the Western Central Banking System. They who run finances have scraped 97% of the wealth out of the U.S. dollar which has benefited their well beings while we the average American family are left with the last three cents on the dollar which is backed by nothing but growing U.S. debt. Which is now more than $21 trillion dollars and that’s not counting the $21 trillion that has been proven missing from the HUD and the DOD. That’s at least $42 trillion right there that our children and their children and their grandchildren will never be able to account for.

Which all the more proves why it is significant that a Congressman from West Virginia has proposed a bill called HR 5404 to gold back the U.S. dollar. According to thedailycoin.org Republican Congressman Alex Mooney has proposed a bill that will “define the dollar as a fixed weight of gold.” Mooney wrote an op ed about it in the “Wall Street Journal”.

That’s right. It has been introduced into congress that America should return to a gold standard. This idea is not new though. Even President Trump told us back in 2017 that he would like to see America return to a gold standard. In a Forbes.com article entitled, “President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again”, Ralph Benko writes that bringing back the gold standard would not be very hard to do with a president like Trump.

“Donald Trump shows a strong affinity for gold,” Benko writes. “He has also shown a keen intuitive grasp of how the gold standard was crucial to having made America great.”

So what this means is that our government is soon going to gold back the U.S. currency, right? That’s how it was supposed to be in the very beginning, before the Federal Reserve took over our country’s finances in 1913, right?

In proposing H.R. 5404 the U.S. Congressman from West Virginia criticizes U.S. monetary policy, citing the fall in the dollar’s purchasing power after the gold standard was abolished.

“The United States dollar has lost 30 percent of its purchasing power since 2000, and 96 percent of its purchasing power since the end of the gold standard in 1913,” the bill says.

The congressman goes on to describe the advantages of having a gold-backed dollar.

“The gold standard puts control of the money supply with the market instead of the Federal Reserve. The gold standard means legal tender defined by and convertible into a certain quantity of gold. Under the gold standard through 1913, the United States economy grew at an annual average of four percent, one-third larger than the growth rate since then and twice the level since 2000,” Mooney says.

This would be good for us but nobody even knows about it. Did you? Nobody owns gold, instead everybody trading in dollars that are debt backed, which is what the U.S. dollar is and what America runs on. That’s all any of us own with our present financial system, which is being run into the ground.

Congressman Mooney says that under the Federal Reserve’s 2 percent inflation objective, “the dollar loses half of its purchasing power every generation, or 35 years.” Think about that for a long moment. We own debt that backs our assets and that’s what we bought our houses with. Our families’ homes and our cars were bought with U.S. dollars backed by debt that loses half it’s value every generation.

So what does that really say about everyone’s pensions or real estate that is tied into the U.S. dollar? Is that why we’re struggling so badly to keep our families living in some semblance of the lifestyle we have become accustomed to after we divorce? Is there any such thing as the “American Dream” anymore? If so, should we consider whether this new legislation, H.R. 5404, should become law? Because our old system of monetary value has lost its “value”?

Like Congressman Mooney says, “American families need long-term price stability to meet their household spending needs, save money, and plan for retirement.”   These are the types of important issues we advise clients about to help them and their families stay ahead of the financial game and move forward in their lives. Meet spending needs, save value, and invest for ultimate retirement.

HOW MUCH GOLD DO WE AMERICANS OWN?

In an interview with the World Gold Council’s Gold Investor former Chairman of the Federal Reserve Alan Greenspan stated, “I view gold as the primary global currency.”

President Trump agrees. It’s been 34 years since U.S. lawmakers even tried to change the way America’s currency is backed, when Congressman Jack Kemp introduced the Gold Standard Act of 1984, which was cosponsored by seven others including Newt Gingrich and Connie Mack. It didn’t pass. 34 years later we have HR 5404.

Will it succeed? It has to if we as a country are going to succeed. Some believe we’ve made positive strides toward making gold backing of our currency a reality. “I think we are building a foundation of expertise — expertise that we didn’t have in 1980,” writes Nathan Lewis in Forbes in an article called, After 34 Years, We Again Have A Bill To Relink The Dollar To Gold“. “That will allow us to restore the united long tradition of gold-based money, when the political time is right.”

The question remains: when will the political time be right? And when it is right, who will be there to tell us how much gold, if any, the U.S. really owns to back the dollar?

VICTORY FOR THE RIGHTEOUS IS JUDGMENT FOR THE WICKED

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According to a prophet, author, and former fireman, we’ve got a great future ahead of us here in America, and we’ve got to recognize it and work hard to make it happen for everyone. For twenty years Mark Taylor was a first responder in Orlando, Florida, where he witnessed up close and personal all the horrors a fireman could ever imagine. Then his world took a giant leap into the unfathomable when he authored the popular book, “The Trump Prophecies”, where he told us Donald Trump would win the White House along with the first GOP primary. Trump became President and Mark Taylor instantly became part myth and a part of our modern historical narrative.

In an interview with Greg Hunter at USAwatchdog.com, the former firefighter said that he gets all his information and prophecies from God the Father. This allows Taylor to champion causes like for firefighters everywhere, of whom he says PTSD, anxiety, and depression run deep. He says their suicide rate rivals that of military and law enforcement personnel.

And if you’ve been reading the news lately, you know that many top Obama government officials were involved in framing Donald Trump in an effort to remove him from office, while exonerating Hillary Clinton of serious crimes. Taylor predicts Obama is going to end up in prison for treason as a result thereof. There are many in this country who might agree. Taylor also says Hillary Clinton, Eric Holder, and Loretta Lynch, among many others, are going to jail.

Taylor warns us that these people are not going to go quietly, however, and civil unrest is going to ensue. We’ve already seen examples of this taking place in one form or another practically everyday in our depressing mainstream media. We need to be praying against and prepare for the civil unrest, Mark Taylor says. We need to protect our loved ones and our communities.

TRUMP PROPHECIES TURNED INTO A MOVIE

The Trump Prophecies has been turned into a movie. It will be released for two dates only, October 2nd and 4th. The former firefighter turned author calls this a positive movie with a positive outcome. The positive outcome is Trump becoming president. When asked, Taylor says Brad Pitt will not be playing him in the movie.

The former first responder is humbled that God chose him to be the one to deliver awesome messages like these. He is just a “vessel” or a “tool” through which God speaks, he says, and he takes no credit for any of it.

Mark Taylor hopes the movie, the book, and their prophetic words will open up the eyes and ears of people. He wants to bring people hope. “We live in a society that robs people of hope” the prophetic Taylor says, “and when you rob people of hope you rob them of the will to fight. But if you have hope, there is something to fight for.” We definitely have plenty to fight for.

FEAR NOT

In the past Mark Taylor has also predicted that the U.S. dollar would get stronger and the economy would improve, and by all indications he appears to be correct on both accounts. There’s still much work ahead for us but America seemingly is once again on the right economic track. We’ve had major tax cuts, there are regulation cuts, and people are pouring money back into America. The U.S. dollar is being repatriated. Trump is battling the international trade deficits and unconscionable foreign tariffs that have plagued our economy for years.

“We are living in some of the most dynamic times in the history of mankind right now,” Taylor says. “The Luciferian Reign is coming to an end. All the corruption is being exposed.”

The modern day prophet believes America is about to have her harvest. America has never had her harvest.

“America is going to receive its harvest, now,” says Mark Taylor. “Because there’s sowing time, there’s reaping time … America has got to have her harvest because America is going to be the hub from which the End Time spiritual assault will be launched. Like England was the hub from which the D Day assault was launched, America will be the hub by which the spiritual assault will be launched.”

And things are only going to get better for all of us, in time. “We’re going to have money, we’re going to have manpower,” Taylor says. “We’re going to have clothing, food … it’s going to be a time of prosperity for America. We’re going to reap 7-fold what has been stolen from America for decades from all these other countries.”

We are going to get what’s coming to us? We are going to see very prosperous times? Here in America? Pinch me when this dream is over. Prosperity in America for all of us would be something I’ve never seen in my lifetime.

There’s no reason to feel guilty about any of it either. Taylor says we as Americans are not being judged, it’s the system we live in. “The wicked are under judgment,” the author says. “Victory for the righteous is judgment on the wicked.”

Happy 4th of July America!!!

WHO WILL HOLD YOUR ASSETS WHEN YOU DIE?

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Are the central banks of the world all failing at the same time? Will I live long enough to care? If I die before I care, who will hold my assets?

Today’s everything bubble is global in scale and affects every financial market and banking institution. On a global level, outstanding personal, business, and government debt has approached a whopping $240 trillion. That’s more than 300% of global GDP. That’s a bubble that central banks are going to be unable to borrow their way out of.

There are no knights in shining armor on the horizon who are coming to the rescue, and central banks are basically helpless to do anything about it. Everyone’s out for themselves. They don’t really have time to think about us. With interest rates near zero in real terms and loaded up balance sheets, central banks essentially have no ammunition to fight with.

There is little room on a fiscal front either. According to Peter Diekmeyer at sprottmoney.com, U.S. public sector spending already exceeds 60%. Any further spending increases would come from wealth extraction from the productive areas of the economy. This in turn would crimp productivity even further.

Diekmeyer writes that China, which bailed out the world by borrowing tens of trillions of dollars following the 2008 financial crisis to stimulate demand, is also tapped out. If you’re an American, and you love misery, move over, because there’s plenty of company. Japan and Europe appear to be even worse off than we are.

DO AMERICAN BANKS HAVE BLACK HOLES TO FILL?

One of my clients who works in financial services and is of European descent recently told me that most of the banks in Europe have gone insolvent. She said she was trying to help take care of a friend’s deceased mother’s estate when she learned that legally it appears European banks have the right to borrow a client’s funds for as long as they like for the purpose of filling “Black Holes” in the banks coffers. My first question was why would the European banks have “Black holes” that need to be filled? Isn’t that when it’s time for the institution to dissolve due to insolvency? Where’s the suspect government when we need them?

“Barclays has a 30-billion Sterling ‘Black Hole,'” my client said. RBS, the Royal Bank of Scotland, has a “4-billion ‘Black Hole'”. Deutsche Bank is “awash with over-valued derivatives,” I was told. And the list of failing interconnected European banks goes on and on, and it doesn’t end there.

Santander and BBVA are said to be disposing of their South American and Central American holdings, while National Westminster is now only interested in mortgages, car loans, student loans, and the like. Many of the banks are under the control of the European Central Banks (ECB), and they cannot do anything without ECB permission. I was told the European banking system is in a “bloody mess” and only getting worse. It’s like a “fever”, with the position of European banks being “terminal illness.” My client could have been talking about the American banking system as well.

Tyler Durden at ZeroHedge agrees with my client. Global banks are tumbling. Durden recently reported that the stock process of 16 of the most “Systemically Important Financial Institutions” (SIFIs) in the world are now in bear market territory (down by 20% or more from their recent highs in dollar terms).

The 16 SIFIs considered to be in “bear market territory” are listed as: Deutsche Bank, ICBC, Prudential Financial, Credit Suisse, Bank of China, Mitsubishi UFJ Financial Group, Nordea, UniCredit Agricole, ING, Santander, Societe Generale, BNP Paribas, UBS, Agricultural Bank of China, and AXA.

DO JAPANESE BANKS HAVE BLACK HOLES TO FILL?

The infection appears to be systemic in global banking. Maybe “Black holes” are contagious. The Japanese banking business model is experiencing changes that reflect the same financial issues facing their “Western” global financial brethren. In this instance we’ll be nice and say the problem with Japanese banks is that they’re having liquidity problems. That’s because the little liquidity they do have, outside of their debt, is flowing dither and yonder. That’s why they’re working hard to keep a hold of the more than $460 billion in wealth that is left by their customers each year when they die.

In an article entitled, Japan’s Banks Want to Keep Hold of Dead Customers’ Savings, authors Yuki Hagiwara, Gareth Allan, and Takako Taniguchi write that more people are dying annually in Japan which results in smaller banks struggling to keep their capital fluid. Not only are the banks losing their customers they are losing their customers’ savings – which hurts even more – as heirs migrate to larger cities where the biggest lenders hold banking interests.

It is estimated that regional banks lose 60% of the funds that are subject to inheritance. Coupled with the fact that one quarter of the Japanese population is over 65 years of age, local Japanese banks are turning to trusts to secure the next generation of clients and their deposits. The banks are selling what are called “testamentary substitute trusts”, an inheritance device that helps to quickly unlock funds when an estate holder dies. This business model also sets up the banks to develop relationships with the heirs of the trusts they create.

The problem with some of the bigger Japanese central banks is that many of the dying elderly live near or around bigger cities like Tokyo, and when the customers die, their children take their inheritances with them – away from the major financial centers. The Bloomberg article cites a Capgemini Financial Services Analysis from 2017 which says that the assets of wealthy Japanese have grown to $7 trillion. The Japanese central banks do not want to lose this money. There are “Black holes” to be filled, bank operations to be covered.

These testamentary trusts began about ten years ago and they have grown in popularity. The trusts are set up to offer heirs immediate expenses to cover funeral costs, and estate holders can choose to leave lump sums in the trust or have their funds distributed gradually over time. We decided to take ours all in one lump sum, right now, please, thank you.

IS HOLDING DEAD CUSTOMERS’ SAVINGS THE SOLUTION?

Retaining inheritance assets helps banks reduce their dependence on income that’s eroding as Japan’s rock-bottom interest rates squeeze margins, the Bloomberg article says. Banks have been urged to find other ways to build a sustainable business model, and holding on to dead customers’ savings appears to be a part of that new model.

Succession is good business for regional banks in Japan and elsewhere in a financially stagnant world. The Japanese financial industry says demand for testamentary trusts increases when a population ages, and banks can earn fees by selling them. This kind of financial pattern and worse acts as fate for much of our aging population. The big guys are squeezing what little margin the little guys have left. And the big guys are going after other big guys’ margins as well. There’s little margin left to be squeezed, it’s a dog-eat-dog world, and the aging population is caught in between.

The amount of financial assets passed on to successors is expected to grow because the number of citizens that are expected to die will increase over the next two decades. Many of those estates are large. Japan has many millionaires who are getting old. So does the United States. One can only wonder if banks in the U.S. have begun targeting the aging population to see who has what funds, and how best to retain them once their clients pass? And what happens if we as heirs to our aging parents do form a trust with a regional bank, and then the bank goes belly-up? Where we deposit our paychecks on Friday and no one at the bank shows up Monday for work, when we need some of our cash back? What happens to our testamentary trusts then? Who will be protecting my financial interests when I’m gone?

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