Foundation for Economic Growth - Newsletter

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Last Updated: Oct 23rd, 2017 - 17:54:32


Newsletters : Current Newsletters : 23 October 2017
Thought for the Day


The Deep State of America which is trying to foment a war with Russia and/or China has managed to convince President Putin that they just will not ever act like a partner in commerce across the world but will continue to engage in provocative acts of aggression in the hope of starting a war like they have been doing all around the world since World War II.

But strangely the Russians have not shown any inclinations to fight back in response to the Deep State's actions. They have shown immense patience and have finally turned their backs to the Americans and turned to China for their next foray into international trade. China is turning out to be an ideal customer and has signed up for a large amount of Russian oil and gas. Not only that but China has the same problem with the "Exceptional Super Power" and so China and Russia have agreed to work together on many fronts including combining their military power so that America now faces extremely powerful countries with very large and capable nuclear forces at the same time.

China and Russia together are so powerful that the Deep State cannot hope to win a war against both of them at the same time yet that is now what it faces by its own actions. Not only that but the Americans are showing alarming instability in their leadership and this has caused Russia and China to expect something very dangerous could happen by accident. It is this "hair trigger" feeling that could initiate retaliation against some false signal. Once one of the three sees the evidence that they are being attacked by nuclear missiles they will have no option but to retaliate immediately with everything they have and the third party will also join in.

This will lead to Mutual Assured Destruction.

Neither Russia nor China will give in to threats from abroad and so at the moment we have the face off.

Meanwhile Russia argues for abiding by International Law and makes sure its actions are always within these lawful boundaries. China just continues on its way to make its currency more reliable than the American dollar and to engage with countries all along the land and sea routes to Europe with fair and equal commerce. Countries are beginning to discover that they prefer this approach to the Deep State's destructive "Regime Change" even if it does pretend to be promoting democracy.

Venezuela has decided to "go with China" and sell its oil for Chinese gold instead of the American dollar. Syria, with Russian help, is winning the war against ISIS. This helps Russian oil and gas flows to Europe and also helps consolidate the New Silk Road for Chinese trade with Europe.

Other countries are starting to wake up and see the New New World Order. The smaller ones can be a bit more brave and work in their own best commercial interest. They are seeing the balance of power changing. The Philippines have shifted their alliance from America to China.

Can the Deep State now start a new war in Venezuela and the Philippines and put more troops into Syria to help ISIS on the ground while helping Ukraine build its army and tackle Russia across those snowy plains?

Turkey, which is a member of NATO, has bought Russian defence missiles instead of the American NATO approved version. Can the Deep State also push Turkey around to do their bidding. The Turkish president probably harbours suspicions that the recent coup attempt on him was promoted by the Deep State and is obviously looking to Russia for an ally. Iran has also bought the Russian missile defence system.

On top of all this, China and Russia are now the gold powers of the world. China is winning the currency war against America and continues on its implacable way towards becoming the most powerful nation on Earth. Since it has shown no inclination for expansionist wars for the past 2000 years this may perhaps give more countries confidence to join in with China's New Silk Road initiative and regard this process as a new era of peace across the globe.

We should all welcome this New New World Order using gold backed money for security and trust between partners.


Oct 23, 2017, 17:30

Newsletters : Current Newsletters : 23 October 2017
A world of lies but gold will reveal the truth.

Here is the story of the end of an empire - the short version.

Visit Website ]
Oct 22, 2017, 14:30

Newsletters : Current Newsletters : 23 October 2017
The productivity myth

Alasdair Macleod's latest essay will be interesting for our incoming government.

They could ask their economic advisors if they agree with Alasdair's reasoning and his conclusions.

Any who disagree should be sent to me for re-educating.

Visit Website ]
Oct 21, 2017, 17:53

Newsletters : Current Newsletters : 23 October 2017
Why central banks disagree with Gary North about gold

I have long been following the brilliant and painstaking work of GATA who show by REAL Evidence that Central Bankers manipulate gold prices so that they may control the nations of this world.

That is the Great Fraud of Central Banking because in the process of getting control over a nation and its money they and their Cronies are able to rob the middle class blind.

And they do, as hard and as fast as they can.

Here is what CHRIS POWELL, Secretary/Treasurer of the Gold Anti-Trust Action Committee has to say in his latest missive.

*** *** ***


Dear Friend of GATA and Gold:

In his essay this week, "The Case Against Gold as a Central Bank Asset" --

https://www.garynorth.com/public/17271.cfm

-- the economic historian and libertarian financial writer Gary North argues that central banks should get rid of their gold reserves.

North writes: "What can the governments do with the gold? It's useless to them. They don't sell it. I wish they would sell all of it."

But of course central banks and governments do sell gold. They "lease" it too, insofar as they at least put gold credits into the marketplace. They buy and sell gold derivatives. They buy gold back when they can do so without spiking the price.

They do this to control the monetary metal and - at least in the sphere of influence of the United States - to try to drive it out of the world financial system. They aim to maintain the superiority of the U.S. dollar or the International Monetary Fund's Special Drawing Rights, a contrivance that long has been largely under the U.S. government's control.

Central banks and governments own gold in part because, as Federal Reserve Chairman Alan Greenspan told Congress in 1999: "Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted."
Occasionally central banks, governments, and their officials or former officials admit their interest and objectives with gold in documents in their archives or memoirs. GATA has compiled and summarized many of these admissions here:

http://www.gata.org/node/14839

Few of these admissions are more candid than the one published in the 2003 annual report of the Reserve Bank of Australia --

http://www.rba.gov.au/publications/annual-reports/rba/2003/pdf/2003-repo... --

and -

http://www.gata.org/files/ReserveBankOfAustralia-AnnualReport2003.pdf

- which says:

"Foreign currency reserve assets and gold are held primarily to support intervention in the foreign exchange market. In investing these assets, priority is therefore given to liquidity and security, in order to ensure that the assets are always available for their intended policy purposes."

These days the RBA is much more subtle about gold. The central bank's most recent annual report -

https://www.rba.gov.au/publications/annual-reports/rba/2017/pdf/2017-rep...

- says instead:

"Australia's official reserve assets include foreign currency assets, gold, Special Drawing Rights (SDRs - an international reserve asset created by the IMF) and Australia's reserve position in the IMF. At 30 June 2017 these assets totaled $84.1billion. All components of official reserve assets are owned and managed by the Reserve Bank with the exception of Australia's reserve position in the IMF, which is an asset of the Australian government."

"Official reserve assets are held by the Reserve Bank to facilitate various policy operations, including in the foreign exchange market. ..."

Among the most smoking guns of official admissions that central banks and governments hold gold to facilitate their surreptitious rigging of the currency markets is the secret March 1999 report of the IMF's staff to the organization's board:

"http://www.gata.org/node/12016

What can central banks and governments do with their gold?

They can control the currency markets with it - that's what - and by controlling the currency markets they control the value of all capital, labor, goods, and services in the world. That is, by controlling the currency markets by controlling gold, they control the world itself."

GATA doesn't like this any more than any libertarian does. But contrary to North's suggestion, it is no mystery. We could use his help in acknowledging and exposing it.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Oct 21, 2017, 17:13

Newsletters : Current Newsletters : 23 October 2017
This Is What True Financial Panic Looks Like

Will it happen again this year?

What about next?

Visit Website ]
Oct 21, 2017, 15:30

Newsletters : Current Newsletters : 23 October 2017
Multi-Billionaire Hugo Salinas Price On The Great Con, The Deterioration Of Society And Silver

If we are not able to understand economic theories enough to see which are wrong and which are true, then perhaps we can learn from history.

Visit Website ]
Oct 21, 2017, 15:23

Newsletters : Current Newsletters : 23 October 2017
The Effects of Biodynamic Farming on the Environment and Food Quality

I offer this information to Jacqueline Rowarth and The NZ Listener in the hope that they might see a better future than a "Green Chemical" sham.

New Zealand's EPA Chief Scientist would do well to research the results of the American Globalist Poisons industry on the world.

It is a story of greed and shame. Not to mention ill health for all.

Visit Website ]
Oct 17, 2017, 18:31

Newsletters : Current Newsletters : 23 October 2017
The Unraveling of American/Russian Relations — Paul Craig Roberts

Dr. Roberts tells it like it is.

Visit Website ]
Oct 17, 2017, 15:37

Newsletters : Current Newsletters : 23 October 2017
75 Percent of Honey Contaminated With Pesticides

What happens when we finally kill off all our bees?

Visit Website ]
Oct 17, 2017, 12:08

Newsletters : Current Newsletters : 23 October 2017
Washington Post: U.S. Congress engineered DEA racket to protect Big Pharma’s opioid drug giants

Central Banking is evil.

Infinite paper money begets infinite interest money and supports the Cronies.

BIG Pharma is one of the BIG Bankers' cronies.

Here we see more evil being imposed on American citizens.

The USA has BIG problems, both internally and externally.

Is President Trump's call for more wars helping solve these problems?

How can we help our American friends?

Does telling the truth help?

Where is the opium coming from??

Visit Website ]
Oct 17, 2017, 11:24

Newsletters : Current Newsletters : 23 October 2017
Quote of the Day

“The return to monetary stability does not generate a crisis. It only brings to light the malinvestments and other mistakes that were made under the hallucination of the illusory prosperity created by the easy money.”

Ludwig von Mises


*** *** ***

“The prospects for a bumpy exit together with other factors suggest that the predominant risk is that central banks will find themselves behind the curve, exiting too late or too slowly.”

Bank for International Settlements, Annual Report.


*** *** ***

“Americans are getting stronger. Twenty years ago, it took two people to carry ten dollars worth of groceries. Today, a five-year-old can do it.”

Henny Youngman


*** *** ***

“100 years ago, the dollar was worth 1555mg of gold. Today, it is worth about 26mg. The long-term price target is 0.“

Dr. Keith Weiner


*** *** ***

“Nations are not ruined by one act of violence, but gradually and in an almost imperceptible manner by the depreciation of their circulating currency, through excessive quantity...”

Nikolaus Kopernikus


*** *** ***

“I can calculate the motion of heavenly bodies, but not the madness of people.”

Isaac Newton


*** *** ***

With respect to the fall of Roman Empire, Ruhland formulated the following chain of causation:

► Growing impoverishment of the common people contrasted with an exorbitant increase in wealth/luxury of the few (Cantillon effect)
► Decline of tradesmen’s incomes due to cheap slave labor
► Increasing signs of decadence among the ruling classes (pomp,
larceny, corruption, greed)
► Rising taxes, special levies; the government increasingly uses the
military to collect taxes
► Government subsidises the impoverished citizenry (keeping it calm
with welfare statism, bread and circuses)
► Signs of decadence in the population, “barbarization” and a decline
of morals
► External military conflicts to defend the status quo and/or as a
distraction
► Bankers take over government
► Government intervenes in markets, national and monetary socialism
► Devaluation of money (e.g. by lowering the precious metals content
of coins)
► Price inflation
► Uprisings, civil wars, external wars
► Chronic government insolvency
► Decline in population
► Barter trade replaces monetary economy

Parallels to the present are hardly deniable.


*** *** ***


Oct 16, 2017, 16:02

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