bert zamichow's weblog
Time for another lesson. Last time we learned what?
"Hoard your old pennies!" my children reply enthusiastically.
That's exactly right. Since that lesson 10 months ago, those pennies have more than doubled in value and are now worth 220% of their face value. At the time, I told you to keep an eye on nickels, and it is the nickel that is the subject of today's lesson. Does anyone know the metal composition of a nickel? You there, the quiet girl.
"75% copper and 25% nickel."
Very good. Now what is the melt value of a nickel in fiat dollars?
The little girl takes a moment to ponder. "Umm...with copper at $3.31/lb and nickel at $8.51/lb…the weight of a nickel is 5 grams...the copper is worth $0.02738 and the nickel is worth $0.02346," she says thinking aloud. "Melt value is…umm…$.0508."
Very good! And that means it's time to...
"Hoard your nickels!" everybody shouts with perfect comprehension.
Exactly. Because remember children, our sick, oppressive "system" of Federal Reserve Notes is based on coercion and force and nothing more. They must threaten you with guns and dungeons to make you comply. Legal tender laws, tax laws, laws against melting down coins for metal, all serve the same purpose.
Without the ever-present threat of our corrupted government beating, tasering, shooting, imprisoning, and otherwise enforcing the tyranny of fiat money and monetary inflation, the Federal Reserve System would crumble. People don't willingly tithe scumbag banksters and bloated government pigs year after year. They must be forced.
Yet despite this force, and though they may try, there are laws that even the most tyrannical emperors can never overrule. Laws of nature. Laws of mathematics. Laws of human action.
So if you spend your nickel on the fiat market, what are you?
"A slave!!" they all shout.
But if you find a black marketeer to take it at a premium, what are you?
"Free and independent!"
Very good, children. So hoard the hell out of those nickels.
And keep an eye on those newer pennies.
Categories: Finance, Commodities, Monetary Policy Tags: Federal Reserve, gold, inflation
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"Gold hit another record high today," will become a tiresome phrase over the coming years. With the all-time high resistance broken, the ceiling is now the floor, the roof is off, and the sky's the limit. This is why I wanted you in gold before the price broke the $1,000 ceiling, ma and pa.
Sadly, now that the yellow metal has broken into quadruple digit territory, psychology will act against the average American. Though most readers of this site will understand that gold isn't high, but rather the fiat dollar is low and destined to be even lower, the masses will look at four digit gold and say, "Gold is high. Why would I buy gold when it's high?"
Well, because the sick, incessant dollar debauchery inherent to our vile Federal Reserve System knows no bounds. That's why.
$1,000 isn't the end of the run, it's the beginning. $5,000 gold is unquestionably in our future. Silver, platinum, palladium, rhodium, copper, zinc, and nickel will reach similar highs. Hell, the whole periodic table will get in on the action.
Categories: Commodities, Monetary Policy Tags: gold, inflation, Federal Reserve
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Chasing ghosts, protecting pipelines, puppeting stooges, running poppy, ignoring history, killing and dying for a lie.
WASHINGTON — President Barack Obama plans to send 30,000 more troops to Afghanistan over six months, an accelerated timetable – with an endgame built in – that would have the first Marines there as early as Christmas, a senior administration official told The Associated Press.
With the full complement of new troops expected to be in Afghanistan by next summer...
Obama's Afghanistan Plan: 30,000 Troops, Marines To Be First Wave
War is Peace. The quickest way to end the war is to escalate the war.
Categories: War/Military Tags: Obama, War on Terror, afghanistan
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Beijing official urges gold, crude-oil purchases amid pullback
HONG KONG (MarketWatch) -- China should use the shockwaves created by the Dubai crisis as an opportunity to buy gold and oil, a senior Chinese official who helps oversee some of the nation's biggest enterprises was quoted as saying Monday.
Ji Xiaonan, chairman of the supervisory board for large firms at State-Owned Assets Supervision and Administration Commission (SASAC), said the purchases could be funded by China's foreign exchange reserves...
Trade dollars for gold. Good advice for anyone.
Categories: Commodities, Monetary Policy Tags: China, gold
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I'm all in favor of 9/11 trials, but the current show trials being planned are just continued distractions from the real story. The "evidence" against KSM is pathetic when compared with the staggering evidence of treason.
The Facts Speak For Themselves
Fact #31 The majority of the testimony from Khalid Sheikh Mohammed, the alleged "mastermind" of the 9/11 attacks, something the 9/11 Report is heavily based on, was gotten through torture, and "third-hand - passed from the detainee, to the interrogator, to the person who writes up the interrogation report, and finally to [its] staff in the form of reports, not even transcripts." … On 8/6/2007, the New Yorker reports that a former CIA official estimates that about "ninety percent of the information was unreliable." KSM's interrogations are mentioned as a source in the 9/11 report 211 times. On 6/15/2009, the Associated Press reported that Khalid Sheikh Mohammed said he would "make up stories" in order to get them to stop torturing him.
Categories: War/Military Tags: War on Terror, september 11th
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