Tags: Gold

Death, Destruction, & Playtime

Screen Shot 2014-09-25 at 11.06.40 AMIt’s hard to know what’s normal sometimes. As an unfortunate son of empire, my life, my own memories as a child, were corrupted at a young age. As such, knowing what should be acceptable behavior while raising my own kids can be challenging.

Yesterday, my 4 year old son was playing with another young boy at his house, while in another room speaking with their father, I could see in the distance the two boys flying some type of fighter jet while bombing a lego city and train station.

At first glance, this is normal right? I mean we all played with GI-Joe’s, green army men, and jet fighters when we were kids.


Protect your wealth – Buy Gold and Silver Bullion with Goldbroker.com


Read the Full Article »

Video of the Day – Elizabeth Warren Torches Janet Yellen on TBTF

Screen Shot 2014-07-16 at 11.37.34 AMBefore you watch the video, I want to highlight an excellent article published this morning by Yves Smith over at Naked Capitalism titled, Yellen Tells Whoppers to the New Yorker. The title doesn’t do justice to the powerful and scathing critique of the fraud that is the current Federal Reserve Chairwoman. In a nutshell, the article exposes how Yellen’s acting routine is worthy of an Academy Award. In her role, she plays a caring, sweet, grandmotherly type figure all concerned about the poor and middle-class, when reality points to a career as a staunch, frontline protecter of the bankster oligarchy.

From Naked Capitalism (for background, much of the article is criticism of a propaganda piece on Yellen recently published by the New Yorker):

Read the Full Article »

Like this post?
Donate bitcoins: 1LefuVV2eCnW9VKjJGJzgZWa9vHg7Rc3r1


 Follow me on Twitter.

My Latest Interview with Financial Survival Network – Is ISIS a False Flag?

I recognize that the term “false flag” is a very charged one. When many people hear the term today, they assume it means that one is implying that the U.S. government (or some other host government) is officially sanctioning an attack. Rather, when I use the term “false flag” I am using it more in the spirit described by Wikipedia as:

False flag (or black flag) describes covert military or paramilitary operations designed to deceive in such a way that the operations appear as though they are being carried out by entities, groups or nations other than those who actually planned and executed them.

In my mind, this can encompass a small group of really rich and powerful people working independent of any government (possibly citizens of several different nations), a few rogue people within intelligence agencies, or government officials themselves. It can be almost anyone or anything wanting a particular outcome from a particular attack. The key difference from a traditional operation is the intended deception. It is in this vein that I view “ISIS,” as I explain in my latest interview with Kerry Lutz of Financial Survival Network.

You can listen to it here. Enjoy!

In Liberty,
Michael Krieger

Like this post?
Donate bitcoins: 1LefuVV2eCnW9VKjJGJzgZWa9vHg7Rc3r1


 Follow me on Twitter.

Diamond Miners in Zimbabwe Told to Sell Gems to Central Bank as Collateralize for Chinese Loans

The exploitation of Africa by bigger, stronger and wealthier nations is nothing new. In contemporary times, it appears China has been making a particularly aggressive move considering its huge economy, enormous population and insufficient natural resources. While this topic has not been a focal point on this site, I have covered it in past. Most specifically in a Guest Post from late 2012 titled: Africa in the Crosshairs.

In the article below from Bloomberg, we learn that diamond miners in the country have been told they must sell their gems through the Central Bank to serve as collateral for government loans. The country’s deputy mines had said in earlier in may that “Zimbabwe may use mineral exports, including gold and diamonds, to underwrite loans from China.”

From Bloomberg:

Diamond miners in Zimbabwe have been told to sell their gems through the central bank, which will use the stones to secure a government loan, according to a letter written to them by the country’s mines secretary.

In the letter to miners, the secretary Francis Gudyanga, instructs that producers “prepare parcels of all your currently produced diamonds which must be sorted and evaluated with the involvement of the Minerals Marketing Corp. of Zimbabwe,” a state company, and payment will be made soon after.

The stones will be kept by the central bank and used to “securitize a government loan,” Gudyanga said in the letter. The letter, obtained by Bloomberg, was sent to miners April 28 and came into effect April 30.

Read the Full Article »

Like this post?
Donate bitcoins: 1LefuVV2eCnW9VKjJGJzgZWa9vHg7Rc3r1


 Follow me on Twitter.

Are Tensions About to Flare Up Between the U.S., Iran and Russia Over Oil Barter Deal?

While people remain focused on Russia’s annexation of Crimea and fears that Putin may make aggressive moves in eastern Ukraine, it may be a barter deal between Russia and Iran for oil that takes tensions between the U.S. and Russia to a whole other level.

For example The Washington Post reports that:

As Russia seems poised to extend its land grab into eastern Ukraine, Vladimir Putin is also edging toward a deal with Iran that would make a mockery of the P5+1 interim agreement with Iran. News reports confirm that ”Russia could exchange non-monetary goods for up to 500,000 barrels of Iranian petroleum each day under the possible arrangement, which may ultimately pave the way for as much as $20 billion in trade, insiders told [Reuters] for a Wednesday report.” Mark Dubowitz of the Foundation for the Defense of Democracies, a sanctions guru, is quoted as saying, “If Washington can’t stop this deal, it could serve as a signal to other countries that the United States won’t risk major diplomatic disputes at the expense of the sanctions regime.” Even the State Department acknowledges that the deal would violate the interim deal.

Read the Full Article »

Like this post?
Donate bitcoins: 1LefuVV2eCnW9VKjJGJzgZWa9vHg7Rc3r1


 Follow me on Twitter.

My Latest Interview with Financial Survival Network – Creating a Decentralized World

Creating an ever connected, yet increasingly decentralized world is no easy task. Nevertheless, it is something I believe humanity must do in order to traverse the current challenging times and come out the other side better off than before.

Yesterday, I highlighted what I believe is an extremely important article on the worker co-op movement. Earlier in the week, I sat down with Kerry Lutz of Financial Survival Network to discuss everything from Bitcoin and crony capitalism, to marijuana legalization and local food.

You can listen to the interview here. Enjoy!

Like this post?
Donate bitcoins: 1LefuVV2eCnW9VKjJGJzgZWa9vHg7Rc3r1


 Follow me on Twitter.

Perpetual Assets Launches “Bitcoin for Bullion” Campaign

I’ve mentioned the guys at Perpetual Assets several times before on this site. I met them last summer at the Liberty Mastermind Conference, and I’ve been extremely impressed with their vision when it comes to precious metals, crypto-currencies and a dedication to making this world a better place.

Well, they just took their game to a whole new level with the announcement that they will be accepting Bitcoin as payment for their entire product suite, which includes self-directed IRAs, a precious metals debit card and of course a wide variety of bullion products.

However, their IRA product is what really has me excited at the moment. The last time I highlighted this was following the announcement of Obama’s myRA program. Perpetual Assets saw an explosion in interest and sales and I can see why.

What the self-directed IRA allows is for anyone to transfer their retirement funds into their own LLC which then allows you to invest it in pretty much anything. Physical gold, silver, bitcoin, real estate and of course stocks and bonds if you so desire.

Let’s take a real world example. Let’s say you have all your retirement funds at Fidelity and it is 100% in a stock index fund. You can liquidate 10% of that tax-free (or whatever percentage you want) and move it to your LLC IRA. Then you can do whatever you want with this cash. You can even buy physical gold and store it yourself. The options are seemingly as endless as your imagination.

You can find out more information by going to their site here. Furthermore, if you want me to make a personal introduction to the team I would be more than happy to. They are fantastic.

Oh, and of course, you can always trade in a little BTC for bullion with them while you’re at it!

In Liberty,
Michael Krieger

Like this post?
Donate bitcoins: 1LefuVV2eCnW9VKjJGJzgZWa9vHg7Rc3r1


 Follow me on Twitter.

My Latest Interview with “Wall Street for Main Street” – Technology, Bitcoin and the U.S. Economy

Yesterday, I had the pleasure to record another podcast with Jason Burack of Wall Street for Main Street. This is the first interview I’ve done in a little while, and it went quite a bit longer than either of us expected. I always enjoy doing these podcasts, as it allows me to express myself in a different format and explore topics I don’t have a chance to get to in my writings.

I’ve already heard excellent feedback on this one, let me know what you think.

Enjoy!

 

Like this post?
Donate bitcoins: 1LefuVV2eCnW9VKjJGJzgZWa9vHg7Rc3r1


 Follow me on Twitter.

Video of the Day: Shit Bitcoin Fanatics Say

Back in 2012, I introduced you to a hilarious video created by my friend Dan Ameduri titled: Shit Gold Bugs Say. If you haven’t seen it, I definitely suggest checking it out. I even make a brief cameo appearance at the 0:57 mark.

Today I bring you a new video. Similar concept, different item and also very funny. Introducing “Shit Bitcoin Fanatics Say.”

Enjoy.

 

Like this post?
Donate bitcoins: 1LefuVV2eCnW9VKjJGJzgZWa9vHg7Rc3r1


 Follow me on Twitter.

Overstock.com Passes $1 Million in Bitcoin Sales in Less than Two Months

The decision by Patrick Byrne, CEO of Overstock.com, to accept Bitcoin in exchange for its products has turned out to be a very savvy business decision for the online retailer. While the pace of Bitcoin sales has dropped off significantly from the tremendous $130k recorded in the first 24 hours, the sales have continued to come in. Only two months into the experiment, the retailer has now surpassed $1 million in BTC sales. More importantly, Mr. Byrne estimate 60% of these sales came from entirely new customers.

From TechDirt:

“We did not expect to hit this milestone so quickly,” states Overstock.com Chairman and CEO Patrick M. Byrne. “Bitcoin customers are good customers, and we’re pleased to provide them this service.”

Overstock.com started accepting Bitcoin in early January by partnering with Coinbase to process the payments and handle the conversion of Bitcoin into U.S. dollars. Since then, Overstock.com reports 4,300 customers paid for over $1 million worth of goods with Bitcoin. The retailer estimates almost 60% of those are new customers to Overstock.com.

Read the Full Article »

Like this post?
Donate bitcoins: 1LefuVV2eCnW9VKjJGJzgZWa9vHg7Rc3r1


 Follow me on Twitter.