Love of money is the root of all evil, and for banks to lend fiat credit at usury is evil on steroids.
Real USA soldiers die and are maimed, not to mention the little girls we set on fire with phosphorus rockets in the Middle East. Real countries fall apart over this usury. Military and veteran suicides equal on Sandy Hook every day. I could go on, but the root of this evil is the love of money and the ability to aggregate it through usury, to the point were very few people are literally calling the shots. These five top money people are naming it.
Note they say the solution is something scarce. You do not need to own gold. A government that lies and cheats as much as the USA does will simply steal it anyway. You cannot run away, because when the USA is rioting over the economy, so will the rest of the world. ("All countries are devaluing their currency" ... "Spanish bond riots, Italian bond riots..") You think escaping to Mexico, Philippines, Costa Rica, you name it, will be safe when the riots start, and you are an American? You gotta be kidding! You'd be safer on Florence Avenue during the Rodney King riots. Or if you live in an American oasis of wealth someplace overseas, how long before the local police begin squeezing you slowly, demanding a cut of your pension check for protection? No, you have to take the good with the bad, or you end up with worse.
And note the speakers comment that the riots will be the free market rejecting bank ownership of people.
But you do have something scarce, extremely scarce, you can trade on. And that is the product only you can offer. There is a process to discover it, there is a process to actualize it, and build it into YOUR business. It is what I teach, and I'll be doing a special long version of this course, for University credit, at UCBerkeley on Monday July 29. The course is called importing, but it will include exporting as well, naturally. It will be an intense, hard core day, but the indoctrination will set you up where I can assist, post-class, most effectively as you proceed.
No matter what happens, USA will be the place to be in the next decade. The most revolutionary thing you can do is start your own business. And it is not only nonviolent, it is beneficial. Get thee to Berkeley for the day and take control over your life, right here in USA.
Feel free to forward this by email to three of your friends.
Real USA soldiers die and are maimed, not to mention the little girls we set on fire with phosphorus rockets in the Middle East. Real countries fall apart over this usury. Military and veteran suicides equal on Sandy Hook every day. I could go on, but the root of this evil is the love of money and the ability to aggregate it through usury, to the point were very few people are literally calling the shots. These five top money people are naming it.
Note they say the solution is something scarce. You do not need to own gold. A government that lies and cheats as much as the USA does will simply steal it anyway. You cannot run away, because when the USA is rioting over the economy, so will the rest of the world. ("All countries are devaluing their currency" ... "Spanish bond riots, Italian bond riots..") You think escaping to Mexico, Philippines, Costa Rica, you name it, will be safe when the riots start, and you are an American? You gotta be kidding! You'd be safer on Florence Avenue during the Rodney King riots. Or if you live in an American oasis of wealth someplace overseas, how long before the local police begin squeezing you slowly, demanding a cut of your pension check for protection? No, you have to take the good with the bad, or you end up with worse.
And note the speakers comment that the riots will be the free market rejecting bank ownership of people.
But you do have something scarce, extremely scarce, you can trade on. And that is the product only you can offer. There is a process to discover it, there is a process to actualize it, and build it into YOUR business. It is what I teach, and I'll be doing a special long version of this course, for University credit, at UCBerkeley on Monday July 29. The course is called importing, but it will include exporting as well, naturally. It will be an intense, hard core day, but the indoctrination will set you up where I can assist, post-class, most effectively as you proceed.
No matter what happens, USA will be the place to be in the next decade. The most revolutionary thing you can do is start your own business. And it is not only nonviolent, it is beneficial. Get thee to Berkeley for the day and take control over your life, right here in USA.
Feel free to forward this by email to three of your friends.
12 comments:
Didn't FDR confiscate gold in the '30's? Also, isn't there a higher sales tax for gold sales as well (28 % ?)?
http://en.wikipedia.org/wiki/Executive_Order_6102
If the economy gets as bad as some of these people say, will other capital controls come in effect?
I personally believe we actually have a dollar shortage, with very little chance of hyperinflation. That's not to say that other bad things cannot happen in the economy.
I think a sales tax on gold is rare, but I think you mean a capital gains tax on capital appreciation... if things get as bad as people say, it will look like 1979-80 again at least. best to be in business for yourself.
Historically, gold has actually been a very poor investment:
http://www.joshuakennon.com/stocks-vs-bonds-vs-gold-returns-for-the-past-200-years/
http://www.forbes.com/sites/bruceupbin/2013/06/13/debunking-the-narrative-of-silicon-valleys-innovation-might/?utm_campaign=techtwittersf&utm_source=twitter&utm_medium=social
"The real engine of innovation is government."
My brain almost exploded after reading this article. Thoughts?
There are two problems with the Joshua Kennon article:
1. The return on stocks over the 200 years is zero, because none of the companies 200 years ago exist any longer. At some point you would have been wiped out. On the other hand the gold from 200 years ago is the same gold.
2. Gold is not an investment becasue it is money. At best it is a hedge. The price of a suit or a lamb in gold today is exactly what it was 200 years ago, so you would have made nothing on gold, not the increase McKinnon says.
Gold is for industrial uses like tin, or money when society breaks down, like bribing your way onto the last plane out of Stalingrad.
Regarding 1 above for the return of stocks being zero over 200 years: Sure, individual companies can fail and disappear (and so too their stock, and bonds). But what if you just held a diversified stock index fund, which is a collection of hundreds or more of stocks (preferably global, like VTWSX)? I wouldn't buy individual stocks, no way - that is too risky. But a stock index fund?, sure. Your statement can be correct for a single company, but an entire stock market with hundreds or thousands of companies? Also, entire stock markets can indeed disappear, like Russia in 1917 and Germany in 1945 (?), but that is what diversification is for - invest in several types of investments: a global stock index fund, and including your own company. Not investing at all in some stock index fund I think is too paranoid and not reasonably prudent.
Well, index funds did not exist 200 years ago, but to your point, don't you undercut it by noting entire markets are wiped out? i wasn't arguing to not invest in equities, I was just countering the idea the false dilemma of gold vs equities, and the specious valuation of each over 200 years.
And this all presumes some sense of fair play. At the Wannsee Conference one of the participants complained the Hungarians(?) were fleecing deported Jews of all their wealth, wealth rightfully belonging to the Reich. Heydrich noted the stealing needed to be done, the nazis did not have the capacity to do it themselves right then, so let the Hungarians do it and in good time the nazis would take it from Hungarians.
The level of entitlement and lawlessness of the bankers is like that. You will have it only until they want it for themselves.
Better to own the means of production than capital or equity.
"Better to own the means of production than capital or equity."
I like this quote - and it is good advice. I think that one's business or means of production can be viewed as another part of one's wealth or diversified investment portfolio.
Stock markets can be entirely wiped out. but what are the chances of this happening? Yes, it can indeed happen. I wouldn't invest all my wealth in a stock index fund, but have some in an index fund for diversification. Also, one's business "means of production" can be conceivably taken by government as well or your business can fail, so there is risk there too (In nazi Germany, didn't the Jews have their businesses, stores and factories taken from them, and also the bourgeoisie in Russia in 1917?). One's business can also be affected or even wiped out entirely by government laws or bad regulations (like alcohol prohibition in the 1920's if one's business happens to be a liquor distiller or someone importing liquor, for example)
For most of history the means of production were in fact one's "investment portfolio!" As to losing it all, indeed, government lawlessness can affect means of productions as well as equities.
One slight advantage in self-employment is the "means of production" are developed and collected around the unique contribution that the individual uses. Such one-off means of production are useless to anyone else. And they are useless without the producer (owner). The Soviets packed up and hauled off the Japanese state of the art standard factories from manchuria at the end of WWII. The slow ferment, small batch tofu operations were left behind. Concentrated wealth gets stolen, diffuse community wealth gets left behind.
Now, if your "means of production" happened to be in the coal, natural gas or oil business, one might have a problem: Look at what is happening to the coal industry in the U.S. now under Obama - not nice. The EPA is also going after shale oil and natural gas fracking too with overly stringent regulations that are apparently intended to strangle these industries. Obama seems to like the solar panel and wind power companies for now at least - but government favoritism to a particular industry does not always guarantee business success. The government may like your business too much and actually take it over and nationalize it - which seems to be a popular move by certain South American governments (and the U.S.lately too, remember General Motors?, and now the healthcare industry). Is being a health insurance company a good business to be in now?
The profits from your "means of production" need to be converted into capital (money) to be usable to you too.
Your examples are businesses none of which would exist in a free market. Those industries are all designed to keep the profits and pass the risk onto taxpayers. They are all creatures of the state so who cares other forms these creatures take.
A free market doctors has zero interest in what Obama does. We'd likely not be burning coal or gas in a free market, we'd be on to mag lev by now, but we need free markets to get basic research and market innovation.
As to taking money out of a business, not really, credit, properly defined, can be extended and extinguished continuously so a merchant never actually handles money. In fact, that is exactly what happens when you give fedreservenotes to the clerk at starbucks. But again, our system makes everyone account in federal reserve notes, that monopoly credit. So it can be tracked and taxed. The monopoly costs us so much more than a free market would...
I don't understand how these above business examples, e.g., coal, natural gas, etc., would not exist in a free market.
Did you mean mag-lev wind turbines?:
http://inhabitat.com/super-powered-magnetic-wind-turbine-maglev/
Also, federal reserve notes are essentially "money"? - these notes are susceptible to government malfeasance and mismanagement (e.g., deflation or hyperinflation, currency devaluation)?
fed. res. notes (U.S. dollar paper money) = an object generally accepted as payment for goods:
http://en.wikipedia.org/wiki/Money
You lost me with the last paragraph regarding the use of credit and not taking money out of a business (?).
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