Foundation for Economic Growth - Newsletter

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Last Updated: Aug 21st, 2017 - 16:30:58


Newsletters : Current Newsletters : 21 August 2017
Thought for the Day

Russia and China are slowly but steadily winning the hearts and minds of more and more people around the world.

America unfortunately - not so much. This is sad as Americans are friendly, hard working and outgoing people. I have met and worked with many of them here and in the USA and I have always enjoyed the experience. Even when I broke a local by-law in Illinois and the local county sheriff was forced to correct the error of my ways.

I was sitting on a lawn above a beach and by a lake where my kiwi buddy was learning to wind surf. He managed to go in one direction but not the other. He eventually disappeared from sight.

Behind me was a general food store which happened to be selling beer so I bought a small bottle and sat back on the lawn to await my mate. There I was spotted by the Deputy Sheriff who told me that it was illegal to drink on the beach. I asked him if I could finish the open bottle and he seemed to assent.

However I don't think he really agreed because an angry sheriff appeared - just like in the old TV series, solid to plump and with the red neck to match.

He was angry, so I defused the situation as best I could and poured out the bottle and placed it in the trash. I think that once he realised I was a stranger from a far off land near Australia the paper work might be too much for him.

I apologised to him for misunderstanding the rules and he let me wander off.

I have talked with one of the Federal Reserve Presidents and once did a deal to sell minicomputers in New Zealand with a Vice President of Honeywell. I arranged a very good deal and we sold a few before Honeywell decided to remove itself from the computer business and concentrate on its core work.

They were very charming gentlemen just like a number of others at high levels of industry as well as a wide range of others in less exalted positions.

Wonderful people.

Unfortunately the Deep State, funded by the limitless pockets of the BIG Banks are hell-bent on controlling the world by force and have built up the biggest war machine in history.

The big question remains; Can China and Russia contain the American Deep State threat until the internal strife in Washington demolishes the Deep State from within?

Given the way that Iran negotiated peace and how Putin obeyed International Law to bring peace to Syria at the request of Assad, and the fact that China shows no signs of territorial expansion (depending on how we view the China Sea) we have hope.

China's initiative to increase FREE trade via the One Belt One Road policy is a massive vote for peaceful trade amongst nations without "Regime Change".

No power threat - just free trade. Not trade by compulsion as in the TPP which America itself seems to have now discarded.

FREE Trade.

The magic of Adam Smith's Invisible Hand requires free trade, and sound money.

China is building a massive new Silk Road to have free trade with all of Europe and Africa and is in the process of building up very large gold reserves so they can back their currency and provide the sound money that the world needs so much. Silver will tag along for local trading as change.

This is the leadership that the world needs so much.

The stark choice is China and free trade with sound money or the Deep State and possible Nuclear War.

Not that we have any say in the matter.

So best of luck it will not be a smooth ride.


Aug 21, 2017, 15:21

Newsletters : Current Newsletters : 21 August 2017
Greyerz Issues Warning About War, Market Turmoil, Shocks And Exchange Controls

Egon watches as the world financial system worsens - faster and faster.

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Aug 21, 2017, 15:14

Newsletters : Current Newsletters : 21 August 2017
Russia Turns to Cryptocurrencies to Counter US Sanctions

This is all getting interesting.

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Aug 20, 2017, 17:36

Newsletters : Current Newsletters : 21 August 2017
US War With China Heats Up As China Readies To Launch A Gold-Backed Monetary System

A war between America and China would be MAD.

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Aug 20, 2017, 17:10

Newsletters : Current Newsletters : 21 August 2017
Cryptocurrency - its status as money

The only Real Money is gold.

But a similar and more commercially useful real money is silver.

Basically silver is for day-to-day transactions as REAL CASH.

As for Cryptocurrency - It is certainly currency and allows virtually free payments on a world wide scale.

All are better than a bank note which used to promise a stated amount of gold but now promises that you can pay tax with it.

Gold and Silver in your possession are the only forms of REAL Money that hold their value over the years.

Paper promises, at best, continually lose value (buying power) as you hold onto them. And the law has been changed in the last few decades around the world to allow the banks to LAWFULLY take and use your savings for their own purposes without warning at any time. And they do! This process was a success for the banks in Cyprus and worked in Greece.

Cryptocurrency seems to work and rather than hold its value it is rapidly increasing its value and making millionaires out of early adopters. As long as the internet works you are safe.

The US dollar is now at the start of its final collapse so the next few years will be very interesting.

I regard the Cryptos as great speculation and gold and silver essential holdings for all people desiring security.

Money supplied by proven criminals at the top of the Banking world is very dodgy. After all - all of the currencies in the past have disappeared to nothing.
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Aug 20, 2017, 15:20

Newsletters : Current Newsletters : 21 August 2017
The Korean Crisis, China And Gold

This is one likely future for the world.

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Aug 15, 2017, 17:35

Newsletters : Current Newsletters : 21 August 2017
The Rise of Zombie Companies — And Why It Matters

Governments will, of course, persist with doing the wrong thing.

Just wait and see.

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Aug 10, 2017, 13:59

Newsletters : Current Newsletters : 21 August 2017
The Everything Bubble And Stagflation Are About To Create Skyrocketing Gold & Silver Prices

So what are you going to do about it?

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Aug 10, 2017, 13:37

Newsletters : Current Newsletters : 21 August 2017
Sanctions Will Destroy the Dollar

Truth is defined as fact or in accordance with reality.

Much that is sold as true in Economics 101 is in fact NOT in accordance with reality and therefore NOT true.

Real Economics tells us what is true in economics and unless we are using real money (gold and silver) we are not able to judge the real value of goods and services.

If we cannot judge our trades according to real values then we will make misjudgements and we may very well be reducing our wealth with each of our trades rather than increasing our wealth.

Adam Smith's Invisible Hand will then not be working to make us wealthy.

We and thus our nation will become poor.

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Aug 9, 2017, 12:54

Newsletters : Current Newsletters : 21 August 2017
Follow the money

The credit cycle according to Alasdair Macleod.

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Aug 8, 2017, 17:39

Newsletters : Current Newsletters : 21 August 2017
Sixty percent of the public and 80 percent of doctors think drug companies are LYING about health claims from medical trials


“It’s startling to hear that only about a third of the public trust medical research,” said study author Professor John Tooke, former president of the Academy of Medical Sciences. “With our ageing population and ever more sophisticated treatments being made available, we need to act now to give patients clearer and more useful information about the medicines they take.”

Why would anybody believe what a proven liar says?

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Aug 8, 2017, 14:05

Newsletters : Current Newsletters : 21 August 2017
Jim Rickards says "Watch Russia's gold to GDP ratio".

Everything is coming into perspective.

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Aug 8, 2017, 13:56

Newsletters : Current Newsletters : 21 August 2017
Jim Rogers: Next Crisis Will Be "The Worst In My Lifetime"

In 1970, Rogers joined investment bank Arnhold and S. Bleichroder, where he worked with George Soros.

In 1973, Soros and Rogers both left and founded the Quantum Fund. From 1970 to 1980, the portfolio gained 4200% while the S&P advanced about 47%. The Quantum Fund was one of the first truly international funds.

In 1980, Rogers decided to "retire", and spent some of his time traveling on a motorcycle around the world. Since then, he has been a guest professor of finance at the Columbia Business School.

In December 2007, Rogers sold his mansion in New York City for about 16 million USD and moved to Singapore. Rogers claimed that he moved because now is a ground-breaking time for investment potential in Asian markets. Rogers's daughters speak fluent Mandarin to prepare them for the future. He is quoted as saying: "If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia."

It is worth listening to Jim Rogers.

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Aug 8, 2017, 13:16

Newsletters : Current Newsletters : 21 August 2017
Economic Expert Exposes Collapse is Near

Lynette Zhang is interviewed by SGT Report.

This interview nicely summarises just exactly where we are on the road to the collapse of our money system.

Her information is compelling and we all need to pay very careful attention if we are to survive the coming apocalypse.

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Aug 8, 2017, 12:24

Newsletters : Current Newsletters : 21 August 2017
Quote of the Day

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

Ludwig von Mises


*** *** ***

“Never in the field of monetary policy was so much gained by so few at the expense of so many.”

Michael Hartnett.


*** *** ***

As Mark Twain said, "It's not what people know that's the problem, it's what they think they know that just ain't so."


*** *** ***

Aug 7, 2017, 15:18

Creating Wealth and Keeping it

The New book by Phil Scott, President of the Foundation for Economic Growth.

"This book is good, damn good and no statistics!" Lindsay Gordon, MA, MSC, PHD.

Every serious economics student should have a copy and read this ground-breaking foundation of clear economic thinking. Real Economics explains how human actions shape our world and why so much seems to be going wrong for Western economies. This book will bring enlightenment for the general reader who will see why a few very wealthy are becoming exceedingly rich and the middle classes are on the road to serfdom.

See more: www.realeconomics.co.nz