Are We Letting Saul & Hillary Steal Our Country?

Staying home is not an option!  Voting for a third party option is an ignorant way to throw your vote away!  You either vote for the known disaster, Hillary Clinton, or vote for a person with no political experience, but has a great resume for creating jobs which is what our country needs right now!

What are the differences between Clinton & Trump? For 18 to 30 years, Clinton’s accusers have asked for justice. Trump’s accusers suddenly jump out of the woodwork a few weeks before the election. None of them have any historical record to prove their claims.

Clinton has a long history of being a sexual predator! Trump has a long history of being surrounded by the most beautiful women in the World, NEVER A HINT OF SCANDAL UNTIL A FEW WEEKS BEFORE THE ELECTION!

Clinton was taken to court and had to pay a victim. That took place only after man became president and had a few dollars. The reason all of the others failed to sue or prosecute him was his low paid jobs as governor and attorney general of Arkansas, and lawyers don’t take cases with no financial gain!  Also, he was one of the most powerful men in the state of Arkansas, so these women were afraid!  In certain cases even Hillary threatened the victim to protect her sexual predator husband! ( Or was she protecting her LUST to be the first woman president?)

Back to the accusers of Trump. I don’t believe any of them! TRUMP, A WEALTHY MAN, SHOULD HAVE BEEN SUED BY SOME OF THESE ACCUSERS IF THEY ARE TELLING THE TRUTH TODAY.  THEY WOULD HAVE AT LEAST BEEN ABLE TO GET SOME COMPENSATION FOR THEIR PAINS! I believe THESE ACCUSERS OF TRUMP ARE PART OF A COORDINATED CAMPAIGN TO DESTROY TRUMPS CHARACTER and his chance to win the election and fix our countries problems!

We need to ask ourselves “Why are so many of the BIG FINANCIAL INTERESTS, elitist democrats and republicans, and other connected people trying to destroy Trump’s character and candidacy!?!

ALSO ASK WHY ARE THE SUPPOSED FINANCIAL ELITIST, CLAIMED TO BE ENEMIES OF HILLARY, BACKING HER WITH SUCH LARGE DONATIONS?

TO FURTHER EXPLORE THE TRUMP PHENOMENON HERE IS answer to one of my dearest vet buddy, Norm Hummel who admits frustration to Trump’s rambling mouth: “Norm, I agree with you! Yet, keep in mind Trump is a blue collar builder! He is not a smooth politician that can talk out of the both sides of her/his mouth for 20 minutes, and not say anything! What we don’t like about him is what attracts us To him-he can say what he thinks, so we know where he stand for real!

“KEEP IN MIND, CLINTON, THE FBI PROTECTED CRIMINAL in charge of DOJ, IRS, CIA, NSA, NEARLY ALL OF THE MEDIA, DEMOCRAT/REPUBLICAN CONGRESSIONAL LEADERSHIP AND A HOST OF IGNORANT VOTERS, WILL RUN OVER US WORSE THAN HITLER DID OVER THE GERMANS!

“Trump, on the other hand will be closely watched by everyone-ESPECIALLY HIS FOLLOWERS- AND IF HE FARTS AT THE WRONG TIME WE WILL ALL JUMP HIM SO FAST (ESPECIALLY HIS FOLLOWERS). ALL HE WILL BE ALLOWED TO DO IS USE HIS EXPERTISE TO FIX THE PROBLEMS WITH wASHINGTON, THE DISTRICT OF CORRUPTION!

There is a further aspect to Trump that his enemies are using against him.  Trump is an Alpha male!  Below are some insights by military men about the Alpha male.  After considering these points and pondering the state of the world the Clinton/Obama administration will be leaving us, ask who would be better to get the world back in order-the one that participated in creating this mess, or fresh eyes with a history of making deals and fixing things?  I think the “DOER” Trump is the Alpha male for the job!

“…wars are won by Alpha Males… men and women may well be equal in the eyes of God, but they damned sure ain’t identical in the laws of physics and psychology.    Men are, by and large, bigger, stronger, faster…”

These comments by various military men may help you understand what is happening to our Defense Forces.  This is not to demean the wonderful women serving in our military.  They have been major players in every war!  While some women can do any job as well as any man, while some men could never do the jobs required in the military.  However, most women would not want to be the animal that is required to be a warrior.This fact is ignored by Barry Obama and Hillary Clinton.
Hi Dominic,
To the below, I wanted to add, we now have a woman as head of the Air Force Academy (As I understand it, the woman has never been a pilot). Also, a woman was recently promoted in the Navy to second in command of the Navy.  Our military future is dim.
Anthony
The sender, Col Don Person MD spent 42 years of active regular army service.
Commentary by COL (Ret) Fred Dibella, USMA Class of ’69 and former TAC of Company F2 at West Point:
“Ok, I’ve had all I can stomach.  I’m done.
The attached article illuminates a 2015 memo by the Secretary of the Army to worldwide Army Commands.  In it, he dictates that‘Commanders and soldiers will balance lactation support and readiness.’
Obama and his lackeys have now systematically laid the groundwork to accomplish what no battlefield enemy has ever done; that is, to emasculate the United States Military.   I honestly don’t know how he could have done it more effectively.  He’s dangerously downsized the force; he’s rooted out warriors like Stan McChrystal and Carter Ham from the General and Flag Officer ranks and installed puppets like George Casey and Martin Dempsey; he not only obliterated ‘Don’t ask, Don’t tell’; he searched long and hard to find an openly gay (and utterly unqualified) man to be Sec Army; he opened not just combat arms to women, but the absolute tips of the spear in Infantry, Armor and Artillery, and the predictable result is directives like “balance lactation support and readiness?”
Seriously?   SERIOUSLY??? Balance lactation support and readiness!?
Sorry, I’m old school, but I THOUGHT READINESS WAS NEVER, EVER COMPROMISED….let alone for “lactation support”.
Have we gone completely mad?!?   Do you think for a moment that the greatest fighting force the planet has ever known is immune to emasculation?  That there’s nothing that Obama can do to significantly degrade its lethality?  That somehow we will magically prevail, despite all this shit?
Here’s the blunt truth, and if you think this flies in the face of political correctness and/or liberal theology…..congratulations
The most important reason the US Military has been so dominant, so lethal, and so unbeatable over that last 200 years is that we subscribe to a Warrior Ethos.  We’re not quite Sparta, but we ain’t been far behind. That is, until now.   Up to now, we have recognized the blatantly obvious:  That battles and wars are won by Alpha Males.  And why is that?  Uh… because men and women may well be equal in the eyes of God, but they damned sure ain’t identical in the laws of physics and psychology.    Men are, by and large, bigger, stronger, faster, more aggressive, more violent, more ferocious, more intense, more powerful, more brutal, more belligerent, more destructive, AND THEREFORE MORE LETHAL than women.
You don’t buy that?   Tell you what – pick 50 men at random from anywhere and 50 women.  Put ‘em in a big ring and tell ‘em to fight to the death.  Have a problem immediately predicting the outcome?   If you do, I can’t help you.  You’re an idiot or a flaming liberal who believes that “Laura Croft, Tomb Raider” is real.
Why do you think Martin Dempsey, Obama’s personal lackey in uniform, issued his famous proclamation?  You know the one:  “If women can’t pass the standards at Ranger school, SEAL school, and other similar training programs, then the standards will have to be justified to me”.
God help me, but am I the only one who sees through this? I guess the Rangers at Point du Hoc weren’t good enough, huh Martin?  Neither were the SEALS at Benghazi?   I guess Delta’s incredible successes are not sufficient.   ‘We must reassess the standards’.  Total crock of shit.   Scrape away the BS, and here’s the residue:  We’re gonna lower the bar ‘till the women can get over it, period.  Think that’ll have any effect on lethality?  BTW, how’d you like to be the Ranger School Commandant who goes to Massa Dempsey’s office to ‘splain why women aint’ makin’ it? Think he might avoid that by “adjusting” things a bit?
But it’s more than physicality.  It’s about the laws of nature.   That is, when young men and women are put together they respond to hormones rather than ‘good order and discipline’.   1976:  Women are introduced to West Point.   Regulations strictly prohibited fraternization among cadets.  Hahahahahahaha.    Written by some idiot, no doubt.  They were bangin’ each other like rabbits.   Trust me, I had a ringside seat.   But that wouldn’t happen in a Ranger squad, or a SEAL team, right?   If you said, “Right”, then you’re an idiot.  The squad/team leader is messin’ around with a female and there’s no degradation to good order and discipline, right?    The previous “Brotherhood” that formerly bonded warriors together won’t be affected, right?
So we now have a female Commandant of Cadets at West Point.  And soon a female Dean! See how freaking enlightened we are?   We can appoint females to the leadership roles at the nations’ premier School for Warriors.  That is, the nations’ FORMER premier School for Warriors. West Point is now the tip of the Political Correctness spear.   We have gay marriages at the cadet chapel,  we have kindness and compassion seminars, we even have Sensitivity Officers, for crissake, on cadet staffs – right next to the Operations and Logistics Officers – to ensure that Alpha Males do not behave like Alpha Males. We dumb ‘em down now.  We used to understand that good warriors were a little rough around the edges.  We tolerated that, because we knew ‘em for what they were…..Patton comes immediately to mind.   Instead, now we intentionally extract the fangs from the sheepdogs, just about the time when the wolves from Islam are stalking the flock….
Obama gave us Obamacare, which is now sinking under its own sick formula.  Good thing, because the gutless Republicans couldn’t bring themselves to defund it. Obama has given us Sotomayor and Kagan, two flaming Liberals who will sit on that bench for a generation of Looney Tunes.   Obama has demonstrated his racism, his socialism, his disdain for law enforcement and even his proclivity for Islam (the “peaceful” religion… what a laugh).   He’s been the single most divisive and destructive POTUS in my lifetime.  America, thanks to him, is at war with itself.  GOP vs ‘Crats, Blacks vs Whites, Haves vs Have not’s, Women vs Men, Armed vs Unarmed, you name the category……we have two sides at war with each other.
The debt is approaching $20 Trillion. That’s such a ridiculous number that even economists can’t fathom it.   More than half of it generated on Obama’s personal watch.   We have no national border.  None.  Agents have been de-fanged, and the illegal aliens come across at will.  The problems in Arizona and Texas are ignored by Obama.  Israel has gone from being our most trusted and respected ally in the Mideast to being openly discredited, condemned and insulted by him.  The nuclear deal with Iran was and is a joke.  Un-vetted Syrian male “refugees”………well hell, come to America!  It’s all so transparent.  You elect an utterly unqualified candidate with dangerous background affiliations in his past, and this is what you get: a self-inflicted wound.

But it all pales, in my humble world, to his destruction of the American Military.   These are the guardians of our way of life.  These are the warriors.  These are the “rough MEN who allow us to sleep soundly, because they stand ready in the night to visit violence on those who would do us harm”.   But go ahead, America:  let this ideologue continue the systematic defanging of our fighting force.  Let him feminize it.  Let him drag it into the political correctness cesspool.  Let him continue the social engineering and tinkering.  Keep putting high heel shoes on male cadets, so they can “empathize”. Forget all our hard-fought lessons at Khe Sanh, the Chosin Resevoir, Bastogne, Belleau Wood, Gettysburg, and Bunker Hill.   Let the idiots tell you that war is “push button” now, so anyone can be a warrior.
Go ahead…..
Historians won’t have a difficult time analyzing this disintegration.  We were just too timid to put a stop to the madness…..”
Dibella

MANY SEEM TO BE TURNED OFF BY ALPHA MALE, TRUMP!  MY OPINION IS THAT WITH THE MANY PROBLEMS WE FACE WE NEED THE ALPHA MALE.  IN THIS DANGEROUS WORLD WE DO NOT NEED A LIP STICK AND HIGH HEEL MILITARY!!!
Yes, we love Alpha females too:
Jennifer Capriati
I can’t imagine Clinton with presidential power with everything she has been able to get away with. No way Jose!
12:18 PM – 9 Oct 2016
Jennifer Capriati  is one smart jock! Thank you Jennifer, for agreeing with those concerned about putting the ultimate crook in The White House! Can you comprehend the danger of an unbridled Clinton in the White House, her controlling and owning the DOJ, FBI, IRS..AG
-, Main Stream media.- the weak, Republicans (repugnants) and a host of deluded people!  PLEASE Read her Twitter comments:
@JenCapriati
Trumps comments gross but Clinton wikilieaks? My god how can this be ignored. Proving she is a lying 2 faced globalist far worse 4everyone
12:29 PM – 9 Oct 2016
YES, JEN, WE DON’T UNDERSTAND HOW ANY HONEST REPORTER COULD BE IGNORING THE WIKI LEAKS REVELATIONS.  Guess the honest reporters are all dead!
THE CHOICE IN THIS ELECTION IS BETWEEN A NARCISSIST THAT WANTS TO KEEP AMERICA working, or a NARCISSIST THAT WANTS TO LET 600,000,000 UN-VETTED PEOPLE INTO THE USA (because she does not want us to have borders).  THESE UN-VETTED WILL BRING TERRORISM, COMPETE FOR OUR JOBS, BRING CRIME AND DRUGS, AND UNLEASH 3RD WORLD DISEASES ON PEOPLE THAT HAVE NOT BEEN EXPOSED TO THESE DISEASES IN GENERATIONS!
THE CHOICE IS BETWEEN AN EGO THAT HAS NEVER BEEN A SMOOTH POLITICIAN, YET HAS CREATED 10’S OF THOUSANDS OF JOBS, SCORES OF MAGNIFICENT BUILDINGS, PAID AWESOME AMOUNTS OF TAXES, AND HELPED OUR COUNTRY IN GENEROUS WAYS!   ON THE OTHER HAND,   AN EGO THAT HAS PUT OUR NATIONAL SECURITY AT RISK TO PROTECT HER SECRET ACTIVITIES OUTSIDE, BUT DURING, HER DUTIES AS SECRETARY OF STATE. SHE HAS MADE A FORTUNE WITHOUT A PRODUCT OR SERVICE, UNLESS SELLING HER INFLUENCE AS SEC. OF STATE CAN BE CONSIDERED A PRODUCT!
Finally, we have two flawed candidates where Trump will be watched so closely any slip will be BIG NEWS! Clinton, on the other hand, has proven that carelessness that would put anyone else in jail, is OK with the FBI as long as you are Clinton or one of her minions!
Trump will not get away with any deviation!  Clinton, in charge of the DOJ, appointed judges, FBI, NSA, CIA, CONGRESS AND THE MANY IGNORANT VOTERS will have free reign to rip-off the entire country!
WHEN YOU HAVE TWO FLAWED CANDIDATES, ONE MUST SEE WHICH ONE HAS CONTRIBUTED TO THE COMMON GOOD.  THAT IS TRUMP!
To the women accusers of Donald Trump:
IN THIS DAY OF LITIGATION OVER THE MOST TRIVIAL SLIGHT, AND GETTING ASSAULTED BY THIS VERY RICH MAN, WHY DIDN’T YOU SUE? HELL, YOU COULD HAVE GOTTEN A MILLION DOLLARS JUST TO SETTLE OUT OF COURT! SO, EITHER You ARE BEING PAID TO LIE, OR ELSE HATE REPUBLICANS SO MUCH THEY WANT TO HAVE THE ONE PARTY COMMUNIST SYSTEM OF THE DEMOCRATIC PARTY!
MY GUESS IS THEY ARE BEING PAID IN SOME MANNER
The Battista Family:
We thank God for the Blessings we have; and the blessings we are receiving!
                We thank God, for everything!
ADVERTISEMENT:
Our nation is on a terrible slide. We no longer have borders, one language or an American culture.  I pray that Trump can fix it.  Certainly Clinton will never fix it. She’ll be too busy playing power games, getting even with her enemies and building her fortune. So,where does that leave us? We can give up and let the unimaginable happen or we can prepare to survive.  Soon ,we plan on morphing this blog into a SURVIVALIST blog. In the meantime please start thinking about how you will protect your loved ones and yourself.  Call it what you will, but start by recognizing a higher power. I call it God, but know those that have chosen to call that power Universal Intelligence, Infinite Intelligence, I AM THAT I AM,  and many others.  It is easier for me to say GOD!
Then, if you wish, check out the need for survival gear@ https://readynetwork.com/battista
and cash value in gold, not in paper dollars @ http://www.abundantgoldmine.com
YOU’LL BE GLAD YOU DID!

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The Greatest Thinkers Knew Gold Is Real, Paper isn’t worth the paper it is printed on!

Thomas Jefferson (portrait by Rembrandt Peale)

What if the gold standard is not an antique but, rather, a “timeless classic” (as termed in a speech by Bundesbank President Jens Weidmann in September 2012)?  High tech guru George Gilder deploys cutting-edge science to show why this is so, based on Shannon information theory. Gilder’s analysis is neither eccentric nor anomalous.

The intellectual pedigree of the classical gold standard runs through two of the greatest scientists in history: Copernicus and Newton. Nicolas Copernicus, in his Essay on the Minting of Money eloquently lays out the scientific foundations of the classical gold standard. (Full disclosure, I served as co-editor of a modern translation, by classicist Gerald Malsbary, published by Laissez Faire Books and recently republished by Cognella as part of a splendid compilation of source documents in classical economics in The Monetary Foundations of the Macroeconomy Volume 1 edited by Thomas Rustici, James Caton, Dima Shamoun, and Ted Shamoun).

Sir Isaac Newton, as Master of the Royal Mint of Great Britain, created what became the modern classical gold standard. This was a fact well known by President Jefferson, as astutely noted by Dr. Judy Shelton in erudite commentary to her definitive edition of Jefferson’s Notes on the Establishment of A Monetary Unit. Under the Newtonian gold standard, with variants, the world economy thrived for almost 200 years.

The gold standard also was one of the few things that both Jefferson, and his arch-rival in Washington’s cabinet, Alexander Hamilton, fully agreed. The gold standard’s intellectual provenance, both in deep scientific history and among the founders of America, really is impeccable.

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Copernicus and Newton, of course, are figures from the deep past. Jefferson, slightly more contemporary, was extolled by President Kennedy at a dinner honoring Nobel Prize winners when he greeted them as “the most extraordinary collection of talent, of human knowledge, that has ever been gathered together at the White House, with the possible exception of when Thomas Jefferson dined alone.”

Copernicus and Newton, timeless classics, remain appropriately revered as two of the greatest members of the scientific pantheon. Their discoveries — Heliocentricity, and the Three Laws of Motion — remain central to science. Old does not equal atavistic.  Now let’s get modern.

It is less paradoxical than might superficially appear that George Gilder comes forward to exalt the scientific foundations of the classical gold standard. Gilder does so by drawing deeply upon modern Shannon information theory, work foundational to the high tech revolution very much alive and well.

So, a leading high-tech public intellectual attests to the ultra-modernity of the gold standard. Gilder, also known as the living author most quoted by President Reagan, went on to high tech iconic thought leader status as the author of Microcosm, Telecosm, The Silicon Eye, and Knowledge and Power among other highly-regarded works.

Gilder now presents a brilliant monograph, The 21st Century Case for Gold: A New Information Theory of Money. In it he explores at greater depth some of the thoughts he first broached in a key chapter of his influential Knowledge and Power. The 21st Century Case for Gold: A New Information Theory of Money was commissioned by the American Principles Project (whose sister organization I professionally advise).  He therein explodes the pernicious myth of the gold standard as an atavism.

In 106 lucid pages, Gilder magisterially demystifies money. A very few choice excerpts:

The economy is not fundamentally an incentive system, it is an information system. Manipulating money cannot create growth, and it distorts the information economic actors need to acquire the learning that alone is wealth-creation.

Growth in wealth stems . . . from the progress of learning. It is accomplished by entrepreneurs conducting falsifiable experiments of enterprise, with the outcomes measurable by reliable money.”

Claude Shannon “resolved that all information is most essentially surprise. Unless messages are unexpected, they do not convey new information.” But “[i]f a carrier is to bear surprising contents, it must itself be unsurprising.” That is what makes it possible to distinguish the signal from the noise.

In economics money is part of the conduit or carrier. If money is to foster learning and knowledge, it cannot itself be surprising. . . . money must be the measure, rather than what is measured.”

Gilder is unusual, but not unique, among tech leaders in his regard for gold. No less than Peter Thiel in an interview observed:

If you really wanted to create an alternate currency, it would have to be gold-based,” he says. “There are enough people who already believe in gold that you could probably get it to the tipping point. Starting completely from scratch is a lot harder to do. I have a lot more thoughts, but I’d say—you probably want to go with gold.”

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In the hands of Copernicus, Newton, and Shannon as channeled by Gilder, money becomes simple and intuitive.  Gilder gives us the real thing: science. In The 21st Century Case for Gold: A New Information Theory of Money, George Gilder, true to his title, lays out a compelling 21st century case for the gold standard. Gilder reveals anew the gold standard’s deep scientific foundation. Buy a copy on old fashioned paper in better bookstores everywhere or download it and read it.

Delight in a very modern, scientific, demystification of money and discussion of why the classical gold standard repeatedly has proved itself beneficial.   With The 21st Century Case for Gold: A New Information Theory of Money George Gilder well may have delivered his next game changer.

 

Originating at Forbes.com
Read more at http://affluentinvestor.com/2015/07/copernicus-newton-jefferson-hamilton-and-gilder-on-the-gold-standard/#XGRL9DamRmxxRvA3.99

Here’s Why We Need Small, Spendable Amounts of Gold!

What Is “Affluent Investor”?

The Collapse of Cash

“With interest on deposits at next to nothing, or now slightly negative, the only reason for consumers to keep money in the bank is convenience. The more money you lose, … the more attractive your mattress becomes.”  

WHAT’S BETTER THAN YOUR MATTRESS? SMALL AMOUNTS OF SPENDABLE GOLD! CONTACT US FOR DETAILS AT 928-925-8506 OR JOIN AT  https://tinyurl.com/eaglesofgold

Realities and Revelations

, by

image: http://affluentinvestor.com/wp-content/uploads/2013/09/Money-decline.png

Money declineDespite all of the central bank manipulations over the past seven years, it is finally becoming clear economies will not be able to achieve escape velocity. The U.S. central bank has the longest track record of treading down the path of monetary manipulations. And has achieved anemic average annual growth of 2.2% since 2010. Therefore, to further demonstrate the failure of money printing to engender economic growth, the dismal Q1 GDP read of just 0.2 % displays the failure of this policy once again. Wall Street Shills have been quick to once again blame snow in the winter for the Q1 miss. However, it is becoming evident that Q2 will not produce any such anticipated rebound.

Markit’s Flash U.S. Services PMI (Purchaser Managers Index) for April indicated that business activity rose at a slower pace than expected. The April reading came in at 54.2, which was below the consensus of 56.2 and below March’s level of 55.3. Adding to the bad news was the Conference Board’s Consumer Confidence Index that hit 95.2 in April. Economists polled by Reuters expected a reading of 102.5. And, the Richmond Fed Manufacturing Index fell into the minus column for the second month in a row at -3 for the start of Q2.

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Things don’t look much better across the globe. The Euro zone Purchasing Managers’ Survey disappointed investors with the German PMI index falling to 54.2, from March’s eight-month high of 55.4. France’s PMI also showed a slower expansion than forecast in the services sector and a worse contraction in manufacturing than predicted. Manufacturing PMI in France decreased to 48.4 in April, from 48.8 in March.

Japanese manufacturing activity contracted in April for the first time in almost a year, as domestic orders and output fell. The Markit’s Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 49.7 in April, from a final 50.3 in March. The index fell below the 50 threshold that separates contraction from expansion for the first time since May of last year.

We are in our seventh year of record-low interest rates and banks have been flooded with reserves. However, the developed world appears to be debt-disabled. That is, already saturated in debt, therefore unwilling and unable to service new debt due to a lack of real income growth.

So the problem for central banks and governments is how to get the money supply booming in an environment where consumers want to deleverage and save. Zero percent interest rates (ZIRP) are inflationary and negative real interest rates foment asset bubbles and encourage new debt accumulation. For decades central banks have used their control of the price of money to coerce boom cycles that eventually turn to bust. But for the past six years, their foray into ZIRP land hasn’t provided the boom cycle they were expecting. Sure, they have created massive bubbles in bonds and equities– but the economy has yet to enjoy the promised growth that is supposed to trickle down from creating these bubbles. They have set the markets up for a bust, yet the economy never enjoyed the boom.

This has left Keynesians scratching their respective heads and scheming new ways to encourage even more borrowing and spending. The Keynesians who rule the economy now control the price of money but are having difficulty controlling its supply and producing rapid inflation rates.

Bank deposits that pay nothing and ultra-low borrowing costs haven’t proved effective in boosting money supply and velocity growth. The growth rate of M3 has fallen from 9% in 2012, to under 4% today. And monetary velocity has steadily declined since the Great Recession began. Therefore, unfortunately, the next baneful government scheme is to push interest rates much further into negative territory in real terms; and also in nominal terms as well!

You would think this is absolutely absurd but it is already happening. The European Central Bank, has a deposit rate of minus 0.2 percent and the Swiss National Bank, has a deposit rate of minus 0.75 percent, as of May. On April 21st the cost for banks to borrow from each other in euros (the euro interbank offered rate, or Euribor) tipped negative for the first time. And as of April 17th, bonds comprising 31% of the value of the Bloomberg Eurozone Sovereign Bond Index, were trading with negative yields.

Could Negative Interest Rates Arrive In America?

They already have. Beginning on May 1st, JP Morgan Chase has announced they will charge certain customers a “balance sheet utilization fee” of 1% a year on deposits in excess of the money they need for operations. That amounts to a negative interest rate on deposits. Banks formerly competed for your money– now they want to charge you to park it with them.

With interest on deposits at next to nothing, or now slightly negative, the only reason for consumers to keep money in the bank is convenience. The more money you lose, money on your deposits in the form of a “utilization fee,” the more attractive your mattress becomes. But, as long as paper money and your mattress are available, the Fed will not be able to fully implement its negative rate policy in its quest to create inflation. After all, there would be a global run on the banking system if rates were to fall into negative territory by more than just a few percentage points.

So how can central banks and governments ensure rapid money supply growth and velocity if consumers have the option to hoard cash? Some of the “best minds” in Keynesian thought, like Kenneth Rogoff, have a solution to this. They are floating the idea that paper money should be made illegal and the evidence shows governments are listening. If you outlaw hard cash, and make all money digital, there is no limit to how much borrowers can get paid to borrow and how much savers get charged to save. This would make it unprofitable to hoard cash, and compel people to consume and borrow electronic currency as fast as possible. Money in the bank would become the “hot potato”: as soon as it hits your bank account the race would be on to move it to the next person’s account. Whoever gets stuck with the money when the music ends pays a fee; that would be some increase in velocity! And vastly negative real interest rates would force the amount of leverage in the economy to explode.

This idea sounds fairly Orwellian-allowing central banks to control every aspect of monetary exchange and giving the Federal Government an electronic gateway to every financial transaction. But when you think about it, the idea of a fiat currency and the Federal Reserve were radical ideas before they became common place. Indeed, this is exactly why the authors of our constitution tried to ensure gold and silver would have the final and only say in the supply and value of money.

Just as gold once stood in the way of governments’ desire to expand the money supply, physical cash is now deemed as a fetter to the complete control of savings and wealth by the state. History is replete with examples of just how far governments will go to usurp control of people under the guise of the greater good. Sadly, the future will bring the collapse of cash through its illicit status, which will in turn assist in the collapse of the purchasing power of the middle class. Wise investors would take advantage of the opportunity to park their savings in real money (physical gold and silver) while they still have a chance.

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Start now!  We can’t afford impractical ounces of gold, but small, spendable grams of gold are within the reach of everyone!

If you haven’t started to save, you must get on a weekly, bi-monthly or monthly savings program.  If you try you can save $60 a month!  We all waste that much every ten days or so! Slow down on the Starbucks coffee.  If you are supposed to win the lottery you only need one ticket, not 10!  Stay out of the local casino! Tell your kids “No!” once in a while!  Save a little money in spendable Karat Bars!  Check it out at

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PLEASE READ THIS ARTICLE BELOW FOR A FURTHER UNDERSTANDING OF ECONOMICS!

A specter, to paraphrase the opening line of The Communist Manifesto, is haunting America. That specter is the economics profession itself.

Economics has become immersed in arcane modeling. Modeling does not really work well, as even the cognoscenti sotto voce admit. Consider, for example, at the New York Fed’s excellent Liberty Street Economics: Choosing the Right Policy in Real Time (Why That’s Not Easy). This essay concludes, with refreshing integrity and candor:

In the end, we have shown that policy analysis in the very oversimplified world of DSGE [Dynamic Stochastic General Equilibrium] models is a pretty difficult business. Contrary to what it may sometimes appear from listening to talking heads, deciding which policy is best is very rarely a slam dunk.

Dynamic Stochastic General Equilibrium models? Economics has come to resemble more the model-based pseudoscience of astrology more than the observation-based science of astronomy.

As Prof. Reuven Brenner in Asia Times:

Most people are unaware of the fact that rulers perceived astrology for almost a century as “science” – pretty much as some perceive “macro-economics” these days. Monarchs, such as Charles I, as well as the learned and the nobility relied on Councils of Astrological Advisers. Books, presenting complex geometrical calculations linked to positions of stars, legitimized analyses and forecasts.

Abruptly, after a century, in part due to Galileo’s telescope destroying the science of political lies and hierarchies built on them, the astrological edifice disappeared in a puff – or so it appeared.
Except that macro-economics is now its modern incarnation: Only instead of stars, macro-economists look at “aggregates” gathered religiously by governments’ statistical agencies – never mind if the country has a dictatorial regime, be it left, right or anything in between, or has large black markets, as Italy and Greece do, where tax evasion has long been the main national sport. So let us first forget about this “macro” stuff, whose beginnings are almost a century old, and offer a simple alternative for shedding light on the situation today and on possible solutions, hopefully demolish this modern pseudo-“science” once and for all.

The most popular book demystifying economics of the 20th century was Henry Hazlitt’s Economics in One Lesson. It sold a million copies.

Now, for the 21st century, comes John Tamny, Political Economy editor at Forbes, editor of RealClearMarkets.com (and a friend) again to muck out the Augean stables. Tamny has published a splendid new book: Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You About Economics. It reportedly already is going into its second printing. May it, like Hazlitt’s classic, sell a million copies!

If (admittedly a big If) even a single presidential aspirant reads it and takes it to heart Popular Economics could prove a significant factor in restoring what proto-Supply-Sider John F. Kennedy said at the dedication of Greers Ferry Dam: “A rising tide lifts all the boats….”

Big If, yet there’s hope. As I have argued here that great transformations in areas such economic growth policy almost always, in the modern era, have originated in the House of Representatives. I spend a great deal of time inside the Congress and am delighted to report that Tamny’s Popular Economics is written in the terms that Members of Congress speak and think. (Bonus points to Tamny for his many and extensive sports stories, the kind of stuff people actually talk about on Capitol Hill when the cameras are off.)

Tamny loves to be provocative. He’s good at it. He exalts income inequality. He celebrates (organic, rather than government-exacerbated) recessions. Tamny does an especially good job at stripping the bark off the fallacy that career civil servants somehow are smarter or nobler than entrepreneurs and executives in the private sector.

I myself spent several years as a career civil servant in the U.S. Department of Energy. From personal experience I admit to having become not a whit smarter once sworn to uphold the Constitution and issued the laminated badge. Nor were any of my colleagues made of the stuff of Plato’s philosopher-kings. Mere mortals all!

Some of Tamny’s jousts easily could be taken out of context and used, by Progressives and other dirigistes, to satirize his positions. Yet his points, to any fair reader, are clear:

Recessions are the cure for what’s wrong with an economy. They cleanse it of the bad businesses, bad investments, and labor mis-matches that got it in trouble in the first place. When the 1920-1921 recession hit, a wise political class sat back and did nothing, other than lower taxes slightly and slash spending. Unemployment dropped from 11.2 percent in 1921 to 1.7 percent by 1923, and the Roaring ‘20s took off.

Contrast that fast near-10% drop in unemployment with the record of the protracted Great Recession, and soggy recovery in which we are still mired, courtesy of the economic policies of both the George W. Bush and Barack Obama administrations.

Tamny covers a lot of ground in this book, thoroughly covering the Big Four economic policies. Done right these support the achievement of equitable prosperity. Done wrong these mire us in stagnation and income immobility.
Tamny tackles taxes, regulation, trade, and money. He does so by reference to popular culture, making lucid that which, in the hands of less gifted writers, often is dull and dry. (Not for nothing did Carlyle call economics “the dismal science.”)

Here’s an example of how Tamny subtracts the dismal from the science:

Politicians may raise [by taxes] the cost of work for their citizens, but if the cost is too high, those citizens won’t stick around to be fleeced, especially when they’re well-to-do. … [Keith] Richards and the Rolling Stones did just that. (Quoting Richards:)

“The last thing I think the powers that be expected when they hit us with super-tax is that we’d say fine, we’ll leave. We’ll be another one not paying tax to you. They just didn’t factor that in. It made us bigger than ever, and it produced Exile on Main St., which was maybe the best thing we did. They didn’t believe we’d be able to continue as we were if we didn’t live in England. And in all honesty we were very doubtful too. We didn’t know if we would make it, but if we didn’t try, what would we do? Sit in England and they’d give us a penny out of every pound we earned? We had no desire to be closed down. And we upped and went to France.”

Tamny especially impresses with the clarity around the matter of money, to which he devotes five full chapters. For example:

In The Wealth of Nations-the masterpiece that laid the groundwork for the rise of modern capitalism-Adam Smith observed that “the sole use of money is to circulate consumable goods.” That was a throwaway line, for no serious thinker had ever considered money as anything but a measure. Money came into existence because men needed a way to measure the value both of their production and of the consumable goods they sought in exchange for the fruits of their labor. Smith was stating the obvious.

Smith would laugh at all the commentary in the media today about the need for a “strong dollar” or a “weaker dollar to boost exports” or the importance of convincing the Chinese to “boost” the value of the yuan. To Smith, that would be the equivalent of saying “increase the length of the meter” or “shorten the minute” or, because Kim Jong-Un is bothered by his diminutive five-foot-six- inch stature, there is a need to “devalue the foot” so the North Korean dictator can stand ten feet tall. Just as the foot is never long or shot, money should be neither strong nor weak. The foot is a standardized tool to measure actual things, and money should have the same constancy.

Popular Economics has attracted great praise from many of the leading public intellectuals dedicated to economic growth (as well as from no less than George Will). Steve Forbes, in his excellent Foreword, says it best: “By breaking the mold of what modern economics has become and by explaining in an engaging way what economics truly is, Tamny has done humanity an inestimable service.”

Buy Popular Economics.

Be provoked.

Originating at RealClearMarkets.com

Money decline

Read more at http://affluentinvestor.com/2015/05/economics-so-simple-even-politicians-will-understand/#fB1zZGSIBH2SqvXT.99