Last Updated: Mar 25th, 2013 - 16:46:15 Newsletters : 2011 Newsletters : 30 September 2011 Thought for the Day "The destiny of mankind hinges upon gold." Such is the heading on the article appended to this "Daily Thought". Hugo Salinas Price is the wealthiest man in Mexico and did it all himself over his lifetime. He is the founder of Mexico's Elektra retail chain. He is obviously a man of action but he is also a very good thinker. A very few people these days actually see the REAL World. It is so well hidden behind the facade of fiat currency and the do-gooder welfare state. However it is still there and we are just living through a temporary interlude until the fiat currencies of the world fail. Because the Central Banks have all been working so assiduously under the guidance of the Bank for International Settlements (BIS) they have come to this crossroads together. Europe is looking for a trillion or two to recapitalise their banks' debt. But this amount of REAL money does not exist. The only money available is fiat currency - freshly credited out of a Central Bank computer and printed up for distribution. The fiction of paper money is about to go the same way as Santa Claus and the Tooth Fairy. Adults no longer believe in them. Now you will know what the allegorical tale, "Over the Rainbow" is all about. The timid little man behind the curtain is Ben Bernanke! Read this article for it has one man's lifetime of wisdom contain within. Then have a look at REAL Money here: http://www.economicgrowth.org.nz/artman/publish/real-money.shtml [ Visit Website ] Sep 29, 2011, 16:58 Newsletters : 2011 Newsletters : 30 September 2011 ACT's Twenty Point Plan Number Ten on the ACT Plan concerns Welfare. They are proposing competitive markets for sickness, invalid, and unemployment insurance. If this sounds a bit weird then relax for Switzerland and Australia use this system and they are getting along OK. Point Number Eleven - Immigration We have always had many immigrants to New Zealand but unfortunately in the last few decades we have also had a large emigration out of the country which has often given us a net loss of people. There are many ways to encourage people to come and settle in New Zealand but we should look at encouraging only those who are enterprising and educated and who will be an asset for the country. Could private enterprise solve this problem for us? Point Number Twelve - Labour Freeing up the labour market is always good for business. The fewer the restrictions for hiring workers the more that businesses will be happy to hire people and give them a go. The only way to generate wealth remember is through business enterprise. Choke off the golden geese and the golden eggs become scarce. Governments can only create paper money with the printing press (or computer these days) and this is not wealth. Government is currently raising the minimum wage making it even more unlikely that any business will hire a young worker when they can get an older and more experienced worker for the same cost. All these 20 points of ACTs are feasible and easy to implement. They will all add to our ability to grow the economy. Yet still we have the Green Party proposing to generate jobs with government money. They seem to have no understanding that this money is taken from the very people who would be keen to generate the jobs themselves if only they were left alone to do it. But no, the Greens insist on taxing the winners and using the money to subsidise artificial jobs in "Green" enterprises which will fade away when the subsidies slide away. We are already borrowing $380,000,000 per week. How can borrowing more debt money to put people in government work solve our increasing debt problem? [ Visit Website ] Sep 29, 2011, 17:35 Newsletters : 2011 Newsletters : 30 September 2011 £1.75 Trillion Deal to Save the Euro Only two trillion euros needed to bail Europe out! But everybody is broke and owe each other hundreds of billions. America is broke and owes trillions of dollars. Nobody has any REAL money - only debts. What can we do? Roll the money printing presses. [ Visit Website ] Sep 29, 2011, 14:20 Newsletters : 2011 Newsletters : 30 September 2011 The IMF Fails Again It seems as if Europe is toast. What does this mean to New Zealand? How safe is our currency? We need an authoritative opinion - but where can we find one? [ Visit Website ] Sep 28, 2011, 18:29 Newsletters : 2011 Newsletters : 30 September 2011 European Banks Head Towards Another Meltdown The paper money keeps on disappearing. [ Visit Website ] Sep 28, 2011, 12:11 Newsletters : 2011 Newsletters : 30 September 2011 IMF's Christine Lagarde Blames Politicians There will be plenty of blame to go around but no-one will blame the real culprit - fantasy paper money. [ Visit Website ] Sep 28, 2011, 11:31 Newsletters : 2011 Newsletters : 30 September 2011 Horror of the Quants A paper money world leads to many distortions from reality. Adding in free paper money to an economy causes people to behave in an unnatural way. They take risks and make investments that they otherwise would not make. Our Finance House debacle and the love of property development are recent examples. Always the boom leads to a bust as we have seen in 1987+ and again in 2007+. We now have computers doing more trading on US stock markets than humans. These computers are designed to trade at high speed and change strategy in an instant. they are obviously competing with each other as well as with ordinary humans. When this is combined with the President's Plunge Protection Team whose role is to ensure that the stock exchange doesn't behave too precipitately (shall we say) we have a highly artificial state of high speed huge volume action. Some REAL Traders are leaving the market as there is less and less opportunity for them to make a living. The market cannot plunge because the PPT will not let it and the members of the PPT are the President, the Secretary of the Treasury and the Chairman of the Federal Reserve, so they can always print sufficient money to hold everything up. I leave it to your imagination to work out the end game in this scenario. It will not be pretty. [ Visit Website ] Sep 28, 2011, 10:24 Newsletters : 2011 Newsletters : 30 September 2011 Plan To Return America To the Gold Standard REAL Money is the solution to the world's debt problems and people are now starting to take steps to get gold installed again as money as it was before 1913 when America fell into the Central Banking trap. But the people who have the right to print money from nothing and at virtually no cost to themselves will of course fight back to retain their privileges. This may take some little time. [ Visit Website ] Sep 27, 2011, 11:09 Newsletters : 2011 Newsletters : 30 September 2011 Greece's Middle Class Revolt Against Austerity The golden geese are now refusing to lay their golden eggs! Can the politicians put all the middle class in jail? [ Visit Website ] Sep 26, 2011, 16:31 Newsletters : 2011 Newsletters : 30 September 2011 And Where Is Banco de Mexico's Gold? Now the Mexicans are starting to ask questions about where their gold might be stored. The tsunami is building! Sep 26, 2011, 12:21 Newsletters : 2011 Newsletters : 30 September 2011 Swiss Stock Exchange Bets on Gold Gold is money. It just sits there and we can use it or not. It is our choice. Funny thing that it is cropping up more and more as being used as money. The Swiss have just ruined their sound money reputation by offering to devalue their paper currency to be with the Euro rather than to gold. Perhaps this is a free market reaction! [ Visit Website ] Sep 26, 2011, 12:09 Newsletters : 2011 Newsletters : 30 September 2011 Gold Inclusion as Tier 1 Asset Would be Huge: LBMA Gold is REAL Money! Isn't is funny that it is not already regarded as the most important and best liquid asset of all? [ Visit Website ] Sep 24, 2011, 13:08 Newsletters : 2011 Newsletters : 30 September 2011 Slovakia Threatens Euro Rescue Package We could learn something from this! [ Visit Website ] Sep 24, 2011, 12:27 Newsletters : 2011 Newsletters : 30 September 2011 Quote for the Week "It is very easy to win an argument when you are starting from clear scientific facts and their logical conclusions. However, that isn't to say that the other person will actually believe the truth - even when stated with the utmost clarity." Sep 23, 2011, 17:16