Gold

A Holiday Break

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My girlfriend and I are currently at Denver International Airport preparing to embark upon a series of flights with the final destination being Hong Kong. When we arrive, we will hook up with my parents as well as my younger brother. My brother has been living in Asia for the past few months, so my family … Read more

The Dissident Dad – Explaining Money to Your Children

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Screen Shot 2014-12-18 at 10.44.15 AMMoney is a very important part of all our lives. The understanding of money, how it works, and how we treat it can dramatically improve or diminish our quality of life.

Based on my writings and videos on YouTube, you might think my definition of money is gold and silver, but it’s not. Money is simply a medium of exchange. It can be represented by everything from gold to horse manure. Okay, maybe not horse manure, but it’s not a far stretch with the most popular form of money today being central bank notes loaned out into existence.

The state would love to have you believe that money can only originate from itself, yet people have organically started to use bitcoins and other crypto-currencies as a medium of exchange. Nevertheless, our culture continues to worship fiat currency as if it is the only type of money. I can’t change the fact that at this moment in time the U.S. dollar is the measuring stick for goods and services when it comes to prices. Trying to disprove and dispute this fact was something I struggled with early on when I used to teach my children that only gold and silver were money.

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“Serfdom is the New Normal” – Talkin’ Oligarch Blues with Perpetual Assets

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“Oligarchs like protecting themselves from peasants…” – Gus Demos of Perpetual Assets The guys at Perpetual Assets are not only fellow warriors in the struggle against oligarchy and fascism in the USSA, they are also friends. It’s been great getting to know them over the years, and working with them in this existential struggle we face. … Read more

Thoughts from GoldBroker.com – Is This the Calm Before the Storm?

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In case you haven’t noticed, Goldbroker.com has been a Liberty Blitzkrieg partner for several months now. If you care about the precious metals market, then you should know about them. Not only do they deal in the metals, but their site provides some excellent commentary on the market. Such as the latest by Dan Popescu titled, The Calm Before the Storm in the Gold Market.

Here are some excerpts:

Again this week the gold price tested the $1,200 level dropping below it on higher US dollar against most fiat currencies. It is assumed that a stronger US dollar against the euro and other fiat currencies is also negative for the price of gold. However gold is not a hedge against the US dollar but rather against all fiat currencies. Even though gold’s price has been falling, in India and China gold premiums have increased signifying a rising demand. We have also seen a substantial increase in silver and gold coin sales in the US. Actually gold coin sales doubled in September compared to August.

With sentiment at historic low as I explained in my previous article Gold Sentiment, $1,200 and more specifically $1,180 is more a correction within a secular bull market than a pause in a larger bear market. With more and more articles coming out with titles like “Gold Dies”, I am more convinced than ever that we are seeing a major bottom being crated. Eastern central banks are still buying massively and Western central banks are holding on to their stock. This doesn’t look to me as a continuation of a downtrend.

On November 30, Swiss citizens will go to the polls to vote on three areas; whether or not the Swiss National Bank should increase its gold reserves to 20%, that the central bank should stop selling its gold and that all its gold should be held within the country. If by any chance the Swiss people votes in favor I expect major tremors in the gold market. Just the fact that Switzerland will have to buy a large amount of gold to reach the 20% will have a major psychological effect on the gold market not to mention also the snowball effect it will have on other countries. Switzerland is a very small country but with a long history of gold ownership. A vote in favor in the Swiss Gold Initiative referendum would mean that Switzerland would have to buy 1,700 tonnes of gold. This represents 70% of annual world gold production. The Swiss National Bank has 5 years to acquire the 1,700 tons if the initiative passes.

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Death, Destruction, & Playtime

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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

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

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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):

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

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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 … Read more

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

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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.

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

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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.

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

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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. … Read more