Showing posts with label Gold. Show all posts
Showing posts with label Gold. Show all posts

Tuesday, August 23, 2022

The Conspiracy of the Counterfeiters | Nikolai Starikov

Everything was going smoothly until 1965. Almost right after having been reelected to the post of President of France, Charles de Gaulle announced that his country would start to use real gold for international payments. According to the Bretton Woods Agreement he demanded that the USA exchange 1.5 billion dollars, kept by France, for real gold at a price of 35 dollars per ounce. It was the worst nightmare of a banker, when all creditors of his bank came to demand their ‘deposits’, as all FRS dollars were just obliging to pay the holders a certain amount of the precious metal. However, the required amount of gold had never existed, and consequently it was especially important to prevent the precedent. 
 
 Georges Pompidou, successor of President Charles de Gaulle, in 1969.
Guy de Rothschild's stooge in the Elysée.

The USA started to bias obstinate de Gaulle, who had already caused them trouble during his first presidential term, and even before that, when he was leading the Opposition in 1944-1945. Then during his second presidential term de Gaulle catastrophically endangered the mere fact of the ‘printing machine’s’ existence. Furthermore, the French President was determined, and when pressed, he withdrew from NATO and drove its formations out of his country. The USA had to exchange paper money for gold. In turn Germany, Canada and Japan made similar demands, though not in public like France, but secretly. Finally, the gap between the global amount of dollars and gold reserves in the USA was reduced even further. From 1960 until 1970 the dollar reserves kept in other countries tripled (and in 1970 came to 47 billion dollars, whereas the gold reserves of the USA came to 11.1 billion dollars at that time). It was necessary to urgently find a way out of this situation, but firstly the one who had entrenched the ‘printing machine’ must be punished. In 1967 de Gaulle returned the paper cash to the USA, and in May 1968 disturbances in France began. Demonstrations, the confrontation with the police, walkouts […] After almost a year of pressure Charles de Gaulle had to resign on 28 April, 1969. On 9 November, 1970 the ‘gravedigger’ of the dollar died due to heart failure.

The system established by the bankers was close to collapse. The gold default of the dollar concurred with the military defeat of the Americans in Vietnam. [...] Being aware that the capability of the USA to exchange dollars for gold at a fixed rate would be increasingly distrusted, they decided to get over this precipice in several steps. On 17 March, 1968 the Americans cancelled the dollar conversion into gold at a fixed rate for private traders. Central banks still could exchange dollars for gold at an official rate of 35 dollars per 1 troy ounce. At this, all ‘independent’ central banks in all countries were privately commanded to prevent such conversion by any means. On 15 August, 1971 the USA President Nixon, during his speech on the national (!) TV, incidentally announced the temporary taboo on the dollar conversion into gold at an official rate in central banks.

 Emmanuel Jean-Michel Frédéric Macron, the latest Rothschild stooge in the Elysée.
La république en marche. Allons enfants de la patrie.

That was a scandal indeed. However, it could become even greater, when it appeared that in the period up to the end of July 1971 the gold reserves of the USA descended to a threshold of less than 10 billion dollars. The affair proceeding any further could lead to complete catastrophe. On 17 December, 1971 the USA devalued the dollar by 7.89% in relation to gold. The official price of gold increased from 35 to 38 dollars per one troy ounce, but, curiously enough, the exchange of dollars for gold did not recommence. On 13 February, 1973 the dollar descended even lower in relation to gold, the rate became 42.2 dollars per 1 troy ounce. However, gold could not be acquired at this price, either. The American currency was not trusted anymore, and nobody hurried to sell their gold. The USA and Great Britain therefore had to share the benefits from the reserve currency emission with other countries.
 
The only way out of the dead end was to print more paper money, which the global financial community would agree to treat like absolute values. It must be assumed though that this money was not financially assured by anything. On 16 March, 1973 during the International Conference in Paris, a compromise was found. The gold content of the dollar was officially cancelled. It goes without saying that the International Monetary Fund (IMF) confirmed and approved this decision, which would cancel all the principles of the financial system of that time and the system of the IMF itself. The epoch of floating exchange rates began in the world.

Quoted from:
 
The Gold Price (U.S.Dollars / Troy Ounce) 1792 to date
The Gold Price (U.S.Dollars / Troy Ounce) 1257 to date

Who Ever Sets the Price of Gold and Silver | Stephen Mitford Goodson

There was an increase in trade and Rome became one of the most prosperous cities in the ancient world. [...] bronze coins represented national money and were paid into circulation by the state and each was only of value in as much as the symbols on which its numbers were recorded, were scarce or otherwise. This money was thus based on law rather than the metallic content. [...] This can be considered as an early example of the successful use of fiat money.

While fiat money is much criticised in some quarters, for example by the followers of Austrian economist Ludwig von Mises, there is nothing wrong with it, as long as it is issued by government, not by private bankers, and is carefully protected against counterfeiters. Non-fiat money, in contrast, has the serious drawback that who ever sets the prices of gold and silver, i.e. private bankers, can control the nation’s economy.

[...] in September 45 BC, Caesar found the streets and cities crowded with homeless people, who had been forced off the land by usurers and land monopolists. 300,000 people had to be fed daily at the public granary. Usury was flourishing with disastrous consequences. [..] Caesar fully understood the evils of usury and how to counter them. He recognized the profound truth that money is a national agent, created by law for a national purpose, and that no classes of men should withhold it from circulation so as to cause panics, in order that speculators could advance the rates of interest, or could buy up property at ruinous prices after such panic.

Caesar introduced the following social reforms:

  1. Restoration of property was done at the much lower valuations which held prior to the civil war (49-45 BC).
  2. Several remissions of rents were granted.
  3. Large numbers of poor citizens and discharged veterans were settled on allotments.
  4. Free housing was provided to 80,000 impoverished families.
  5. Soldiers’ pay was increased from 123 to 225 denarii.
  6. The corn dole was regulated.
  7. Provincial communities were enfranchised.
  8. Confusion in the calendar was removed by fixing it at 365¼ days from 1 January 44 BC.

His monetary reforms were as follows:

  1. State debt levels were immediately reduced by 25%.
  2. Control of the mint was transferred from the patricians (usurers) to government.
  3. Cheap metal coins were issued as the means of exchange.
  4. It was ruled that interest could not be levied at more than 1% per month.
  5. It was decreed that interest could not be charged on interest and that the total interest charged could never exceed the capital loaned (in duplum rule).
  6. Slavery was abolished as a means of settling debt.
  7. Aristocrats were forced to employ their capital and not hoard it. 
These measures enraged the aristocrats and plutocrats whose “livelihood” was now severely restricted. They therefore conspired to murder Caesar, the hero of the people. 
 
The 'Ides of March' Denarius (43/42 BC), a declaration of the Republic's 'liberation' from tyrannical Caesar.
Ironically, Brutus appears on the obverse professing he killed Julius Caesar on the Ides of March.
This is one of the most sought-after coins from the Roman world.

Quotes from:
 
See also:

Stephen Mitford Goodson (1948 - 2018) was a South African banker, author and politician who was the leader of South Africa's Abolition of Income Tax and Usury Party. He stood as a candidate for the Ubuntu Party in the 2014 General Elections.

Sunday, October 23, 2016

The Pattern of US Bankruptcies | Cyclic Vibrations

Ahmed Farghaly (Oct 22, 2016) - I found an interesting pattern in the Gold Miner's index. I realized that at the beginning of the previous two Kondratieff waves the US had defaulted on their obligations. This is the reason why a human brain is superior to spectral analysis, we tend to spot patterns earlier. In 1933 the US Treasury was official declared bankrupt after the emergency banking act was voted into law by congress. "The Emergency Banking Act succeeded in abrogating America’s gold standard and hypothecated all property found within the United States to the Board of Governors of the Federal Reserve Bank." This bankruptcy occurred after world war one as visible on the picture above. The Vietnam war was the culprit of the second American bankruptcy with the closing of the Gold window in 1971 by president Nixon. So much money was printed to fund the war that there was no way the US could redeem holders of US dollar with Gold at the pegged rate of $35 an ounce. We once again have the same pattern recurring at the time of writing. We had the Iraq/Afghanistan war the debt of which has become to big of a burden to service and history will once again repeat with yet another bankruptcy in a few short years. This will obviously have a devastating impact on the entire world since US Treasuries are the largest single asset that people own world wide. I wonder how China will react to such a bankruptcy but I guess only time will tell. I am so certain that this is going to occur not only because of the pattern that we see on the Gold Miner's index but that of Donald Trump's upcoming presidency. 


I analyzed all the similar cyclical circumstances and under all of them the president of the United States was a republican. Those cyclical circumstances include 1861, 1881, 1971 and 2001. This gives us reason to believe that without question the next president of the United States will be Donald J. Trump. We can also look at Hillary Clinton's history to discern if she is likely to make it to the White House. First, We know that the similar cyclical circumstance in terms of the 54 month wave saw Hillary Clinton lose in the primaries against Obama. We also know that she lost against Obama once again in the similar cyclical position in terms of the 9 year cycle. We also know that she left the White House in the similar cyclical circumstance in terms of the 18 year cycle. Now that we are certain that Donald J Trump will win the election we can combine that with what we have discerned from the Gold Miner's index with his history of Bankruptcies. Donald Trump filed for bankruptcy a total of 6 times the last of which was in 2009. W.D. Gann said that the highest correlations occur with the most recent similar cyclical circumstance. The 2009 low is expected to reoccur in 2017 and hence we can expect a bankrupt United States government before the end of next year or the year after at the latest.

Trump's plan for his first 100 days in office (HERE)

Wednesday, August 24, 2016

Sunday, July 3, 2016

Gold + Silver vs COT

The latest Commitments of Traders (COT) report suggests Gold and Silver could see a pullback.
Source: Fibbo SR (Jul 03, 2016)

Sunday, June 19, 2016

Artificial Intelligence Long Range Forecasts | Stock Indices | Crude Oil | Gold

FFC Long Range Forecasts rely exclusively on Artificial Intelligence and Machine Learning to analyze and model.
Source: Financial Forecast Center, LLC.
Red dots represent monthly mean prices. First dot after the dashed vertical is June 2016, last one November 2016.
 
 
 

MarketVector Financial Forecasts produces long range forecasts using Multichannel Singular Spectrum Analysis (MSSA).
MSSA to decompose the time series into a trend component and many cyclical components. The decomposed
components of the time series are then projected forward in time.
Chartsedge  provides stock market forecasts are based on cycle
data which has been analyzed by a Pattern Recognition Program.
McVerry Report generates 5-Day U.S. Market
Forecasts based on Artificial Intelligence.

Monday, May 30, 2016

Gold vs Pluto Retrograde | Sun 000° + 180° Pluto

Martin Armstrong (May 31, 2016): "All the big manipulations have ALWAYS been to the UPSIDE, not to the downside. It is absurd to
pretend that gold is suppressed perpetually so they can make money in some strange way."
Calculated
and charted with
Timing Solution
.

Friday, January 8, 2016

DJIA In 4th Longest Bull Market Since 1900 - UBS: Sell Stocks, Buy Gold!

Bear markets are defined by a market decline of 20% and more. It’s a fact that since its March 2009 low, with 82 months and a performance of 220%, the DJIA now trades in its 4th longest and 5th strongest bull market since 1900. So from this angle alone we suggest the 2009 bull cycle has reached a mature stage [...] since 1937 the average downside in a 7-year cycle decline was 34%. 

[...] As of 2017, gold could profit from the US dollar moving in a major top and starting a bear market [...] In 2015, the bounce in gold was weaker than expected. However, in all these cases we made it clear that we just expect a bear market rally before resuming its dominant cyclical bear trend. Generally, our cyclical roadmap and our long-term call on gold of the last few years has not changed. A potential bottom in 2016 bottom could be a rather powerful bottom, since together with a four-year cycle low we have also an eight-year cycle low projection for this year. In this context we expect a potential 2016 low in gold to be the basis of a new multi-year bull market. Source: UBS (Jan 06, 2016)

Friday, August 7, 2015

The Real Price of Gold

A “golden constant” perspective suggests a fair value price for gold of $825 an ounce (HERE)

Campbell R. Harvey (Aug 3, 2015) - Using the U.S. Consumer Price Index as an arbitrary, though conventional, fundamental driver of the price of gold, the high real price of gold has been about 8.73, the low real price of gold has been about 1.47 and the current real price of gold is about 4.63.

[...] There are at least two ways to think about the current historically high real price of gold. One is that the real price of gold may “mean revert” towards the horizontal rust colored line, the golden constant value for gold linked with the average real price of gold. Or it is also possible that all of “history is more or less bunk”, as Henry Ford once put it, reflecting an idea that bold investors and innovators were never slaves to history.

Wednesday, June 17, 2015

Gold vs Mercury in Sagittarius and Gemini

This headline of course translates into "from 25° Sagittarius to 5° Capricorn" and "from 20° Gemini to 10° Cancer".
Based on Jeanne Long's observation that
"When Heliocentric Mercury travels through the sign of Sagittarius, more often than not the price of Gold moves up."
Calculated and charted with 
Timing Solution.

Thursday, June 4, 2015

Gold vs Sun-Pluto Cycle


Calculated and charted with Timing Solution.


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this blog are always EST and EDT.

Wednesday, May 21, 2014

Trading with Nothing for Something | Islamic Perspectives on Fiat Money

Money must have intrinsic value ... Fiat currency and
banking are acts of crime ...
(HERE)
 
Asatizah of Al-Munawwar (2013) - The Dazzling Proof for the Return of Our Pure Money. The Judgment on Fiat Currency:

"... Money must have intrinsic value due to it being the measure and store of the value of things. A form of 'money' that is open to total artificial manipulation and subjective valuation will not be able to perform these two functions of money.

... Fiat currency and banking are acts of crime, in fact, among the worst crimes in human history. Banking institutions must be held accountable for the continuous campaigns of wars and colonialism – today, corporate colonialism – which are undeniably their biggest and lucrative money-making opportunities. They have left behind clear fingerprints and traces for the world to see. They are also directly responsible for the impoverishment of countries shackled by unpayable debts owed to internationally recognized bloodsucking money lenders and financiers.  


... The monetary system based on fiat currency ensures that the amount of debts created will always be far more than the actual money supply, which means that many will never be able to repay the original sum, what more the interest. Many will be forced to default, declare bankruptcy and watch as their possessions are confiscated before their eyes. This does not happen to individuals only, but also to countries and nations which are forced to sell their resources for a measly price due to their inability to repay their international debts.

Muhammad Mahathir - Malaysian Prime Minister (2008):
"Quantitative Easing is a privilege for the rich nations only. When Greece lost money, it could not print currency notes or issue cheques to pay debts.Greece needs to borrow money from European countries to repay loans. Again no currency notes would be involved. The amount lent would be credited to the Central Bank of Greece which then would issue cheques to the commercial banks... Rightly both the United States and United Kingdom should be bankrupt. To recover they should be selling all their banks, industries and other assets at fire-sale prices. That was what the Asian countries were forced to do after the currency traders forced many of them almost into bankruptcy. But the bankrupt powerful countries of the West don’t have to do that. They carry out Quantitative Easing, print money and refinance their banks and bankrupt industries. And they talk about transparency in business practice."
 
... One-third of the world's population now lives in a state of poverty. This is not due to the lack of natural resources or intellectuals, but due to the mischief of the robbers, i.e., the international bankers who went around the world selling their loans while hiding behind the pretext of offering technological progress and modernity to the 'backward' countries.

... The criminal act of banking (lending other people’s money on interest without their consent and earning through that without any risk of loss or without any labor involved) cannot be separated from fiat currency. Without fiat currency, banks today will not be able to function as how they are functioning. From the very beginning, it was the introduction of promissory notes (which have now devolved to fiat currency) that allowed the banks to engage in this misuse of the money that was entrusted to their safe-keeping by the unsuspecting masses. Both the practice of banking and the use of fiat currency are based strongly on Riba [usury].

... Fiat currency today cannot be a measure of value or a store of value as it constantly loses its illusory 'value' due to it not having natural or intrinsic value. In reality, it is nothing presented as something. This is why fiat money and chronic inflation are not separable; both are the results of each other. Nothingness will only return to nothingness and history is a witness to this.

Imran N. Hosein  (2013) - The International Monetary System:
"When the poor are permanently poor, and the rich permanently rich, that is oppression! All around the world today that oppression exists, and is constantly increasing - the poor grow poorer and the rich richer. Riba [usury] is the cause! A predatory global elite, centered in the West, but also around the world, is constantly sucking the wealth of mankind and impoverishing the masses through riba. Their ultimate objective is to utterly enslave all of mankind in a new sophisticated slavery.Political, legislative, judicial and legal systems, the media etc.,  are all created by the oppressor, and all function to preserve the system of economic oppression. Television is used to transport the masses to fantasy-land so that they remain unaware while riba is used to enslave them."
 
[...] When inflation occurs, the purchasing power of the money we hold (fiat currency) falls, that is to say, the money that we use today buys lesser and lesser constantly. As time passes, the purchasing power of money only falls, hence people can only buy lesser with the money they have.

 [...] This fall in its purchasing power does not happen based on real situations where the money supply circulating in the nation naturally exceeds the goods and services available in the same nation. The resultant increase in the price of goods and services is due to the artificial creation of money out of nothing. This artificial creation of money out of thin air - one of it - is due to what bankers call Fractional Reserve Banking. This has never ceased to happen since banking took control of the money supply of a country and as a result, the price of goods and services are deliberately forced to be raised and as an inevitable result, the value of the money in our possession (purchasing power) keeps falling. This is intended rip off [Al-Bakh].

Riba-nomics
 
[...] Therefore, trading with fiat as a means of exchange, in reality, is trading with nothing for something. There is no equality; it is zulm [oppression], a clear act of injustice especially from the part of the issuer of the money.

[...] We do not need to bring down, attack or destroy the banking industry. The usurers will themselves bring the banks down since usury is baatil [falsehood], and baatil is bound to perish. What we have to do is to bring the haq [truth] and haq does not need the majority to give it any extra strength.

[...] Many shops and traders around the world have started to accept the Dinar [gold] and Dirham [silver] as payment. Some have also started using it as their mahar and some have went a step further by signing business contracts with the Dinar and Dirham being the capital as well as the profit.

Tarek El Diwany, 2014: "An economically educated person should ask why a man would go to prison for creating money at home, while the bankers do it for a living. Still the question goes unanswered. Why does the crime of counterfeiting become a respectable profession through the act of incorporation as a limited company? Can you give me one example in Shari’ah where something that is haram [forbidden] becomes halal [legal] by the granting of a commercial license?

Monday, February 10, 2014

Long-Term Charts: US-Stocks (1789 to date) | Commodities (1770 to date) | Gold (1792 to date) | Elliott Waves in DJI (1920 to date) - Kress Cycles

Credits: H/t @Macro_Tourist through Tyler Durden on 02/08/2014 @ www.zerohedge.com

Credits: H/t @Macro_Tourist through Tyler Durden on 02/08/2014 @ www.zerohedge.com

Credits: H/t @Macro_Tourist through Tyler Durden on 02/08/2014 @ www.zerohedge.com




















Credits: Clif Droke @ www.safehaven.com - see also HERE & HERE & HERE & HERE