Last Updated: Mar 25th, 2013 - 16:46:15 Newsletters : 2012 Newsletters : 22 June 2012 Thought for the Day Aristotle had it right when he first defined what money was. There is a good discussion here: http://www.marketoracle.co.uk/Article10370.html The important point I wish to make is that one of the essential characteristics is that money must have intrinsic value. That is, it must be something that all people see as valuable. This is why gravel, for instance would not be suitable for money. The only reason we think paper money is valuable is that it started out being exchangeable for gold and silver. So whenever we wanted our REAL money safely in our own hot little hands we could take the paper stuff down to the bank and get gold and silver in exchange. The Central Banking boys from Jekyll Island in 1913 America set out to change that, and over time they succeeded. When England and the European countries couldn't pay for the First World War with REAL money they paid for it with freshly printed paper money. Of course this devalued the value of the pound relative to gold and when the Brits tried to move back onto the gold standard they found they couldn't do it unless they devalued the pound by a significant amount. They stayed on the paper standard and fudged the system with various international agreements - Bretton Woods and all that. Finally Richard Nixon refused to pay American debts to the French in gold and the whole world shifted across to paper currency which was worth whatever someone wanting it would pay. As governments and the Central Bankers expanded the paper money supply the value of each piece of paper got less and less. This is the inflation of the currency and modern economists and Central Bankers proclaim that this is a good thing. Inflation good - deflation bad. And everyone now seems to believe them. Just listen to the news these days and you will hear Bernanke and his followers telling the world that we must have inflation because if the dreaded deflation strikes the economy will fail. All this is a recipe for keeping the paper money expansion game going a bit longer. After all, if you are the one with the power to print up as much money as you like you are certainly not going to give that power away. So the world is embarked on a one way journey to the oblivion of hyper-inflation. But, I hear you protest, we don't need to join in that game we can just keep our money supply stable with just a little bit of inflation because it makes the ignorant feel better. Unfortunately the lessons of history teach us that once the genie is out of the bottle we cannot help ourselves. We will always vote for the free money option. Just like the students that voted for free money and helped Helen win her last election. Did you know that in the last century 29 currencies went hyper? That is one every three years! What makes it interesting this time is that all the major currencies in the world are going hyper in synch!! Also, we need to export, so we like to have a cheaper currency than our trading partners as it makes our goods cheaper in their eyes. But they are all doing the same thing - all the time. We are now in a serious race to the bottom where all currencies are worth - nothing. So we must learn how to protect ourselves. If you want to know how then have a look on our web-site at REAL Money and REAL Banking within the section called REAL Economics: [ Visit Website ] Jun 22, 2012, 10:54 Newsletters : 2012 Newsletters : 22 June 2012 The Fiasco of Fiat Money Here is a very clear description of the effects of fiat currency - paper money. How it works against us and why the results are inevitable. How many bankers or economists know this? [ Visit Website ] Jun 22, 2012, 14:54 Newsletters : 2012 Newsletters : 22 June 2012 Back to the Future ... Millennium-Old Thaler Seen for Northern EU as Elite Dream Dies? Gordon Brown's dream of a "Brave New World Order" no longer seems to be attainable. Thank heavens. [ Visit Website ] Jun 21, 2012, 14:31 Newsletters : 2012 Newsletters : 22 June 2012 John Mauldin - The Real End Game, We’re Coming To The End It always happens and always the people are not ready for it. [ Visit Website ] Jun 21, 2012, 09:52 Newsletters : 2012 Newsletters : 22 June 2012 A call to arms for central banks I have long warned that when it comes to the crunch the politicians will opt for printing money. With the benefit of five years of observation we are now in a position to watch while they do exactly that - and make very sure that we don't follow! Protect yourselves. [ Visit Website ] Jun 20, 2012, 13:03 Newsletters : 2012 Newsletters : 22 June 2012 Greek agony drags on as Asphyxiation Bloc wins When you read this you will see why the Euro is doomed. [ Visit Website ] Jun 20, 2012, 12:33 Newsletters : 2012 Newsletters : 22 June 2012 Turkey to Collect Gold From Population J P Morgan said, "Gold is money, nothing else." Bankers and politicians are beginning to see the truth of this statement. [ Visit Website ] Jun 20, 2012, 11:57 Newsletters : 2012 Newsletters : 22 June 2012 Debt crisis: ECB last hope as dam breaks in Spain As Maggie Thatcher said, "Socialism is great until you run out of other people's money." Well, France, Spain, Italy, Portugal, Greece and Ireland have run out of money and are desperately trying to spend whatever Germany has left. This is becoming most interesting and an object lesson par excellence for the rest of us. REAL Money is earned by REAL Work. Printing the artificial paper money is just just creating debt which leads the unthinking into their fairy-land. Unfortunately reality still exists. [ Visit Website ] Jun 19, 2012, 18:22 Newsletters : 2012 Newsletters : 22 June 2012 Bank Board Gave US$ 4 Trillion in Loans to Its Own Institutions So that's where it went. [ Visit Website ] Jun 19, 2012, 16:56 Newsletters : 2012 Newsletters : 22 June 2012 One on One with Paul Craig Roberts There has been plenty of calamitous news surrounding the European debt crisis. Greece is insolvent. Spain just got a big bank bailout, and Ireland wants a new bailout deal. No matter how bad it looks in the EU, Paul Craig Roberts says the problems in Europe are “nowhere near as big as the ones here.” The U.S. is printing massive amounts of money to paper over the mess, but it won’t work. Roberts says a collapse of the U.S. dollar could happen at any moment. It could be triggered by any number of things such as war or a derivatives meltdown. When a former Assistant Treasury Secretary (under the Reagan Administration) and a PhD in economics sounds the alarm bell, people should take cover. Dr. Roberts says, “The cliff dive we are experiencing in housing isn’t over,” and precious metals prices are “being suppressed.” Roberts says, “Gold prices should be rising. Why? Because the debt is rising.” What is the reason why Dr. Roberts thinks the suppression game has gotten so intense? Dr. Roberts says, “The fact that they are driving the price down suggests to me the situation is getting more desperate.” Greg Hunter interviews Paul Craig Roberts: [ Visit Website ] Jun 18, 2012, 17:27 Newsletters : 2012 Newsletters : 22 June 2012 The Genius of Mutual Indebtedness - Nigel Farage Reality just keeps on being REAL. [ Visit Website ] Jun 15, 2012, 12:29 Newsletters : 2012 Newsletters : 22 June 2012 Former 'God’s Banker' could blitz Vatican with cache of secret documents This just in from Reuters gives us some more understanding of the extent of the Moral Hazard generated from Central Banking and the rise of magic paper money. Reuters is certainly known as a conservative voice of calm and reason and reporting the facts. [ Visit Website ] Jun 15, 2012, 11:52 Newsletters : 2012 Newsletters : 22 June 2012 Why Would Politicians Allow The Free Market To Work And Expect To Be Re-elected? Can this be the truth coming out of American mainstream television? [ Visit Website ] Jun 14, 2012, 16:30 Newsletters : 2012 Newsletters : 22 June 2012 UK and Europe languish in a 'zombie bank’ malaise The mainstream press is starting to discover the truth and what is more some few brave souls are printing it. Time for those who caused the mess to pay the price, and for their banks to disappear. The only lasting solution is to use REAL Money - gold and silver - and stop this boom and bust economic nonsense with central bank produced paper money. [ Visit Website ] Jun 13, 2012, 10:19 Newsletters : 2012 Newsletters : 22 June 2012 Gold and Economic Freedom Here is what Alan Greenspan REALLY Thinks about gold. That he was subverted by the paper money printers and went on to blow the biggest property bubble in history as Chairman of the FED, is a tribute to the power of paper money and the men who control it. It is always worth a read. [ Visit Website ] Jun 11, 2012, 12:09 Newsletters : 2012 Newsletters : 22 June 2012 A golden idea to save (or doom) the euro Gold is money - REAL Money! [ Visit Website ] Jun 11, 2012, 11:04 Newsletters : 2012 Newsletters : 22 June 2012 Greyerz - Worldwide Package Coming From Fed, ECB & IMF Paper money death is coming closer. But there will be convulsions first. Click through this summary and listen to Egon explain just what is about to happen. [ Visit Website ] Jun 11, 2012, 10:35 Newsletters : 2012 Newsletters : 22 June 2012 The Ground Zero of Global Corruption – it starts with The Currency Word is getting out. We are no longer alone. Many people are starting to understand what is happening to the world. Some are writing about it. [ Visit Website ] Jun 8, 2012, 13:25 Newsletters : 2012 Newsletters : 22 June 2012 Quote for the Week There are two methods, or means, and only two, whereby man’s needs and desires can be satisfied: One is the production and exchange of wealth; this is the economic means. The other is uncompensated appropriation of wealth produced by others; this is the political means. Alfred J. Nock SEND THIS NEWSLETTER TO A FRIEND. THEY DESERVE TO KNOW HOW TO PRESERVE THEIR WEALTH. Jun 7, 2012, 16:07