What is real estate? Usually, when we think of what real estate is, we think in terms of suburban neighborhoods, with their diminishing housing values. But, when one truly thinks about it, real estate is much more. Literally speaking, the words combined mean real property, real things, like critical resources that take up space. And so, logically speaking, if there exists such a thing as real estate, then there also exists "fake" estate.
What are the differences between real estate and fake estate? If real estate is things, like commodities and resources, then fake estate must be something unreal, but still valuable. How can something that is “fake” hold value? Things without intrinsic value maintain value within a culture through collective belief. Fiat money systems represent a key example of fake estate, wherein paper monetary instruments amount to fake estates, especially in command-and-control scenarios with their requisite distortion of price discovery and realistic valuations.
Whereas resources like land, water, food and precious metals are real, paper instruments, like the US Dollar, Muni-bonds, Treasury Bills, derivatives, stocks, etc. are not. This dichotomy can be explained by way of simple terms: real estate and fake estate.
It is in the latter that everyday men, women and children have been conditioned to believe, whilst the well-moneyed classes buy-up the world's resources as fiat currencies across the country devalue when compared with staples like food, water and shelter.
To break this conditioning, and exchange our long-hours of labor for real commodities, such as gold and silver and land, very well may help to lay the path on which families can build and preserve for the future.
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Thursday, July 28, 2011
Monday, July 25, 2011
On Krugman's Sophomoric Analysis of the Gold Price
Throughout the economic crisis, Paul Krugman has been touted by many as an astute economist with practical suggestions and penetrating analysis.
But, in order to break this misconception, I would like to point your attention to a July 19, 2011 article by Krugman. In the article, Krugman asserts that the price of gold does not reflect any natural market movements. Instead, he argues that a good advertising campaign by gold producers is, in fact, responsible for the recent bull in gold.
He points out how Glenn beck was financially aligned with Goldline. For that reason, Beck had financial reasons to push hyperinflation fears. Krugman also submits that Beck has many, many viewers, while conveniently overlooking the fact that mainstream media ratings falling quite considerably.
Moreover, anybody who has followed the gold market and popular culture, at least loosely, has observed how the gold price has risen on strong fundamentals since long before Beck was making any sort of considerable impact. Below is included a direct quote from Krugman. I want to assert here how silly his argument is. It is really quite embarrassing for him:
Surprisingly, though, Kash doesn’t say explicitly that this parallel is not at all hypothetical. Glenn Beck was financially intertwined with Goldline and therefore had a financial stake in pushing fears of hyperinflation. And he had many, many viewers. So there was a direct channel through which conservative Americans were being pushed into buying gold.
In closing, Krugman states: "Market prices almost always tell you something useful. But sometimes what they tell you is that there’s a marketing scam in progress."
On the contrary, I think the reality of the situation points to the truth that the most important disinformation campaign in terms of prices and money revolves around Federal Reserve Notes.
Clearly there is a overarching scam in place so as to promote confidence in the Dollar and therefore undermine confidence in gold and silver. The logic is baseless, and results in utterances like that made by Bernanke when he answered Ron Paul by saying that gold is not money. Ron Paul pointed out how, in reality, gold has been considered money for 6,000 years. Paul found it odd and suspicious that sometime recently this economic law had been reversed and the Federal Reserve governors had adopted this amendment.
As Dr. Edwin Vieria (whose numerous accolades are included below) has stated: "Thus, the fight over gold and silver as media of exchange is about more than mere money, let alone making money. For it is a fight with only two possible outcomes: either control of their own lives by the people themselves, or control of the people and their lives by political and economic elitists."
Read Krugman's article here: http://krugman.blogs.nytimes.com/2011/07/19/the-glenn-beck-debeers-connection/
Dr. Vieira holds four degrees from Harvard: A.B. (Harvard College), A.M. and Ph.D. (Harvard Graduate School of Arts and Sciences), and J.D. (Harvard Law School). For over thirty-six years he has been a practicing attorney, specializing in cases that raise issues of constitutional law. He has presented numerous cases of import before the Supreme Court and written numerous monographs and articles in scholarly journals. His latest scholarly works are Constitutional "Homeland Security" (2007), a proposal to begin the revitalization of the constitutional Militia of the several states; Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution (2d rev. ed. 2002), a comprehensive study of American monetary law and history viewed from a constitutional perspective; and How to Dethrone the Imperial Judiciary (2004), an analysis of the problems of irresponsible "judicial supremacy," and how to deal with them. With well known libertarian trader Victor Sperandeo, he is also the co-author (under a nom de plume) of the political novel CRA$HMAKER: A Federal Affaire (2000), a not-so-fictional story of an engineered "crash" of the Federal Reserve System, and the political revolution it causes. He is now working on an extensive project concerned with the constitutional "Militia of the Several States" and "the right of the people to keep and bear Arms." LRC
But, in order to break this misconception, I would like to point your attention to a July 19, 2011 article by Krugman. In the article, Krugman asserts that the price of gold does not reflect any natural market movements. Instead, he argues that a good advertising campaign by gold producers is, in fact, responsible for the recent bull in gold.
He points out how Glenn beck was financially aligned with Goldline. For that reason, Beck had financial reasons to push hyperinflation fears. Krugman also submits that Beck has many, many viewers, while conveniently overlooking the fact that mainstream media ratings falling quite considerably.
Moreover, anybody who has followed the gold market and popular culture, at least loosely, has observed how the gold price has risen on strong fundamentals since long before Beck was making any sort of considerable impact. Below is included a direct quote from Krugman. I want to assert here how silly his argument is. It is really quite embarrassing for him:
Surprisingly, though, Kash doesn’t say explicitly that this parallel is not at all hypothetical. Glenn Beck was financially intertwined with Goldline and therefore had a financial stake in pushing fears of hyperinflation. And he had many, many viewers. So there was a direct channel through which conservative Americans were being pushed into buying gold.
In closing, Krugman states: "Market prices almost always tell you something useful. But sometimes what they tell you is that there’s a marketing scam in progress."
On the contrary, I think the reality of the situation points to the truth that the most important disinformation campaign in terms of prices and money revolves around Federal Reserve Notes.
Clearly there is a overarching scam in place so as to promote confidence in the Dollar and therefore undermine confidence in gold and silver. The logic is baseless, and results in utterances like that made by Bernanke when he answered Ron Paul by saying that gold is not money. Ron Paul pointed out how, in reality, gold has been considered money for 6,000 years. Paul found it odd and suspicious that sometime recently this economic law had been reversed and the Federal Reserve governors had adopted this amendment.
As Dr. Edwin Vieria (whose numerous accolades are included below) has stated: "Thus, the fight over gold and silver as media of exchange is about more than mere money, let alone making money. For it is a fight with only two possible outcomes: either control of their own lives by the people themselves, or control of the people and their lives by political and economic elitists."
Read Krugman's article here: http://krugman.blogs.nytimes.com/2011/07/19/the-glenn-beck-debeers-connection/
Dr. Vieira holds four degrees from Harvard: A.B. (Harvard College), A.M. and Ph.D. (Harvard Graduate School of Arts and Sciences), and J.D. (Harvard Law School). For over thirty-six years he has been a practicing attorney, specializing in cases that raise issues of constitutional law. He has presented numerous cases of import before the Supreme Court and written numerous monographs and articles in scholarly journals. His latest scholarly works are Constitutional "Homeland Security" (2007), a proposal to begin the revitalization of the constitutional Militia of the several states; Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution (2d rev. ed. 2002), a comprehensive study of American monetary law and history viewed from a constitutional perspective; and How to Dethrone the Imperial Judiciary (2004), an analysis of the problems of irresponsible "judicial supremacy," and how to deal with them. With well known libertarian trader Victor Sperandeo, he is also the co-author (under a nom de plume) of the political novel CRA$HMAKER: A Federal Affaire (2000), a not-so-fictional story of an engineered "crash" of the Federal Reserve System, and the political revolution it causes. He is now working on an extensive project concerned with the constitutional "Militia of the Several States" and "the right of the people to keep and bear Arms." LRC
Saturday, July 23, 2011
Expecting the Expected: History Rhymes
As Mark Twain once said, "History rhymes." Nevertheless, the mainstream media and a great many individuals in the United States are enthralled by the current debt ceiling debates taking place in Washington. We should know well, by now, that no matter what decisions are or are not decided upon by August 2nd (assuming there is even enough time left for our politicians to arrange an agreement), the plight of the United States will not change.
We've seen this before when Washington has been engulfed by the debt ceiling discussion. We should all know that, if the debt ceiling is raised, then in the near-future, we will see this drama, once again, played out in Washington. The nation will wait to see: does the US, yet again, raise its debt ceiling? Eventually, supply of the US Dollar to the world will far outpace demand. Hyperinflation will set in.Or, if the debt ceiling is not raised, we will continue our path of overshoot, and, eventually, the same results will come to fruition.
We have been on a new currency since the early 1970's, when President Nixon decoupled the then US Dollar from gold: the Vietnam War had cost so much money, that we now had to fire up the printing presses. And so today, the fiat US dollar is right on schedule for certain devaluation, just as a considerable amount of production capacities in-country have been exported abroad. That means as the US dollars loses its value, the US will have no goods to offer the rest of the world.
How has the US solved problems in the past? Under Clinton, with unemployment increasing, the Federal Government altered the way in which it measured unemployment. Based on U6--the overall measurements of everyone without a job--the unemployment in the country is around 20-25%. Further, the solutions we see today touted by Washington revolve not around alleviating the debt (the way to do so would be to simply default ASAP), but, instead, altering the way in which we measure inflation.
The global economic crisis is a worldwide phenomenon. The crisis is systemic and foundational, and so therefore, as the reserve currency of the world, the US dollar and the US stand at the epicenter. But, still, the collapse of the Dollar is merely a symptom of another problem. This problem being enormous amounts of capital, wealth, and therefore power, being consolidated in the hands of paper-bug money-changers.
We've seen this before when Washington has been engulfed by the debt ceiling discussion. We should all know that, if the debt ceiling is raised, then in the near-future, we will see this drama, once again, played out in Washington. The nation will wait to see: does the US, yet again, raise its debt ceiling? Eventually, supply of the US Dollar to the world will far outpace demand. Hyperinflation will set in.Or, if the debt ceiling is not raised, we will continue our path of overshoot, and, eventually, the same results will come to fruition.
We have been on a new currency since the early 1970's, when President Nixon decoupled the then US Dollar from gold: the Vietnam War had cost so much money, that we now had to fire up the printing presses. And so today, the fiat US dollar is right on schedule for certain devaluation, just as a considerable amount of production capacities in-country have been exported abroad. That means as the US dollars loses its value, the US will have no goods to offer the rest of the world.
How has the US solved problems in the past? Under Clinton, with unemployment increasing, the Federal Government altered the way in which it measured unemployment. Based on U6--the overall measurements of everyone without a job--the unemployment in the country is around 20-25%. Further, the solutions we see today touted by Washington revolve not around alleviating the debt (the way to do so would be to simply default ASAP), but, instead, altering the way in which we measure inflation.
The global economic crisis is a worldwide phenomenon. The crisis is systemic and foundational, and so therefore, as the reserve currency of the world, the US dollar and the US stand at the epicenter. But, still, the collapse of the Dollar is merely a symptom of another problem. This problem being enormous amounts of capital, wealth, and therefore power, being consolidated in the hands of paper-bug money-changers.
Friday, July 22, 2011
What Savings? Liberty and Case for Metals
Growing up, we are sometimes told of the importance of savings. From our first piggy banks through our first savings account, we are taught that, by putting money away for later, we will be protected for emergencies and for the years after our last day of work.
But these days, sooner rather than later, we come to realize the futility of savings in dollars. In fact, we are essentially penalized for saving dollars, as food and oil prices rocket. Who knows, in a few decades time, maybe we will have wished we kept all those copper pennies from our piggy banks; at lease those without precious metals. The powers-that-be insist the true inflation is 2% per annum, but free market analysts contend that it is more likely 9%.
We have been conditioned to believe in the paper currencies our nation-states, despite all the evidence that their exchange rates are not naturally fixed by free market economics, but rather through command-and-control by keystone banks and governmental financial institutions, like the International Monetary Fund and the World Bank.
Historically, both gold and silver have been used as money by civilizations all across the world. In Thailand, for example, the word for money, "ngen," is also the word for silver. In China, the word for bank combines the symbols for "silver" and "movement." With gold a mainstay of savvy and conservative investors, the demand for silver is youthful and ferocious, as a whole new generation learns how to put money away for later.
Those who have put their money into silver over the past two years years have made great returns. Further, the price movement of the metal does not mirror a bubble, since the fundamentals exist to propel the metal even hire: firstly, as a hedge against inflation and empire collapse, and secondly as industrial demand in the east and in considerable parts of South America increases.
Precious metals, like silver, offer individuals an opportunity to hold a savings account that appreciates in value when compared with most goods and services. So, whilst chipotle announces that their burritos are going to raise in price, the holder of silver is not concerned. When oil prices rise, though still concerned, in reality the silver holder, in many cases, has only seen the price of gas decrease.
And with that, we quote Jesse Livermore's old saying: "Sit tight and be right."
But these days, sooner rather than later, we come to realize the futility of savings in dollars. In fact, we are essentially penalized for saving dollars, as food and oil prices rocket. Who knows, in a few decades time, maybe we will have wished we kept all those copper pennies from our piggy banks; at lease those without precious metals. The powers-that-be insist the true inflation is 2% per annum, but free market analysts contend that it is more likely 9%.
We have been conditioned to believe in the paper currencies our nation-states, despite all the evidence that their exchange rates are not naturally fixed by free market economics, but rather through command-and-control by keystone banks and governmental financial institutions, like the International Monetary Fund and the World Bank.
Historically, both gold and silver have been used as money by civilizations all across the world. In Thailand, for example, the word for money, "ngen," is also the word for silver. In China, the word for bank combines the symbols for "silver" and "movement." With gold a mainstay of savvy and conservative investors, the demand for silver is youthful and ferocious, as a whole new generation learns how to put money away for later.
Those who have put their money into silver over the past two years years have made great returns. Further, the price movement of the metal does not mirror a bubble, since the fundamentals exist to propel the metal even hire: firstly, as a hedge against inflation and empire collapse, and secondly as industrial demand in the east and in considerable parts of South America increases.
Precious metals, like silver, offer individuals an opportunity to hold a savings account that appreciates in value when compared with most goods and services. So, whilst chipotle announces that their burritos are going to raise in price, the holder of silver is not concerned. When oil prices rise, though still concerned, in reality the silver holder, in many cases, has only seen the price of gas decrease.
And with that, we quote Jesse Livermore's old saying: "Sit tight and be right."
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