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NEW The Frugal Home: Tips and Advice for Living a Frugal Life – Hash, M. Kaye

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NEW The Frugal Life: How to Spend Less and Live More by Piper Terrett Paperback

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5 April 2014 at 13:29 - Comments

AmeriGold Says 2014 The Year of Global Financial Changes

Iraq-economic-boom-2014

With some “Extreme” views about investing, Greg McCoach, President of AmeriGold as a mining speculator shares his perspective from personal investing experience and risk management.  Views shared include:

  •  Financial Dooms-Day scenarios
  • Unsustainable financial position created by the U.S. Government
  • Federal Reserve ponzi scheme driven by Quantitative Easy doing QE-1 through QE-5
  • QE efforts are a manipulation of the Dollar against Gold
  • U.S. economy data is fraudulent, smoke and mirrors
  • Govt. data is skewed, misinformation used to keep the public masses dumbed down.  Scripted news to keep the public from truly understanding what is happening.
  • Bank “Bail-Ins” in the U.S. taking depositor’s money, and confiscating retirement accounts.
  • Still, investors are now, more than ever, looking for value a Gold trade shows
  • Long term, Gold will go to 10,000 (years away) because of devalued global fiat currencies
  • Mining companies will do well for investors
  • Watch your expenses and hold on to your money
  • Start thinking “outside-of-the-box” regarding investments
  • Hillary Clinton is on record that Iraq is going to be an economic boom

Here they are discussing different outcomes about an economic boom coming to Iraq. Start at 7:24 and hear the discussion about Iraq regarding mining discoveries including large deposits of Gold.  Big western banks are strongly invested into Iraq as part of their strategy to profit when the region is more stable for business ventures.

Video Rating: 4 / 5

4 April 2014 at 22:12 - Comments
TOC359
The Iraqi Dinar is a complete fraud as far as investment purposes go. If in fact, they did …
4 April 14 at 23:26
ladiesmann4545
sell your gold and buy silver...the iraqi dinar is a temp place to be
5 April 14 at 00:06

More Than The Stock Market Is Rigged

It’s Not Just the Stock Market That’s Rigged: the Entire Status Quo Is Rigged

One has to wonder why we are dodging this truth about what we’ve become: a nation that turns a blind eye to skimmers, scammers and legal looting.

Emperors-new-clothes

 

As in the story of the Emperor’s new clothes, the onlooker who declares the obvious– in this case, that the stock market is rigged–shatters the consensus lie.  In the current saga, author Michael Lewis plays the role of the truth-telling boy, and everyone who went along with the fiction that the Emperor’s high-frequency trading finery was resplendent is revealed as credulous, complicit or worse.

Lewis’ new book is Flash Boys: A Wall Street Revolt.

The high-frequency trading (HFT) scam is old news, and a number of fine books have addressed the mechanics of the skim, for example Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System by Scott Patterson.

Many in the alternative financial media have written about HFT for years. Here are two of my own entries on the topic:

Interestingly, Mr. Patterson outlined the solution that the heroes of Lewis’ book ended up pursuing.

During a  Q&A session done by Charles Hugh Smith and conducted with Scott Patterson in September 2012, we discover the following:

CHS: While there are various regulatory “tweaks” that could be put in place, I wonder if we don’t need a more fundamental “re-set” that asks what role the market should play in finance and the economy inhabited by everyday investors.

Scott: I think there are a lot of people in the industry wondering about whether there needs to be a massive overhaul. But it’s probably not a good idea for that to be imposed on the market by the SEC. The uncertainty would be potentially destabilizing. And I just don’t see it happening.

Scott: I think the change needs to come from within the market and needs to be imposed by its most important users–I mean, not the high-frequency traders, who are running the show at the exchanges in many ways–but the institutions, the giant mutual fund companies, the pension funds, the long-short hedge funds. They need to exert pressure on the exchanges to stop giving advantages to high-frequency firms.

If we pull back from the media frenzy about HFT, we find the market is rigged in many other ways. The Federal Reserve’s policies, stripped of Orwellian mumbo-jumbo, are all about rigging the market to go in one direction–up.

Consider this chart, courtesy of long-time contributor Harun I., of the Dow Jones Industrial Average: I call it the tale of Two Dows. In the Great Bull Market of 1982 – 2000, a market fueled by an extraordinary economic expansion, the DJIA gained an average of 610 points a year.

In the anemic “recovery” of 2009 – 2013, the DJIA gained an average of 2,500 points per year. While the Fed rigged the 1990s Bull Market with low interest rates and other policies, it pulled out all the stops in the last five years:

stock market

The stock market is only the tip of the iceberg of what’s being rigged. For a taste of what’s rigged, ask yourself this question: if Mr. Elite Insider perpetrates a scam, and Mr. John Q. Citizen breaks similar laws, is there any difference between the treatment each receives?

Let’s go even deeper and ask: why is looting legal, even though it is obviously crooked? Why is high-frequency trading legal? Why is it legal for the Fed to offer money at 0% to its buddies but not to Mr. John Q. Citizen?

Why is it legal to issue student loans to future debt-serfs that is unlike all other debt in that it cannot be discharged in bankruptcy?

Since the legal looting continues unabated regardless of what party or toady is in office, then what actual difference is there between the Demopublicans and Republicrats?

It’s not just the stock market that’s rigged–the entire Status Quo is rigged. There are two sets of laws and two sets of opportunities: one for those holding the concentrated wealth and power, and the other for the rest of us debt-serfs.

If the system isn’t rigged, then why are insolvent banks and bankers protected from the creative destruction of capitalism that befalls John Q. Citizen when his risky bets go bad? Why do we as a nation keep insisting the Emperor’s new clothes are splendid when he is in fact parading around buck-naked?

stock market

 

One has to wonder why we are dodging this truth about what we’ve become: a nation that turns a blind eye to skimmers, scammers and legal looting. Perhaps, in Joseph Conrad’s phrase, we hope to escape the grim shadow of self-knowledge. Here is the passage from Chapter 7 of Lord Jim:

I gave no sign of dissent. I had no intention, for the sake of barren truth, to rob him of the smallest particle of any saving grace that would come in his way. I didn’t know how much of it he believed himself. I didn’t know what he was playing up to–if he was playing up to anything at all–and I suspect he did not know either; for it is my belief no man ever understands quite his own artful dodges to escape from the grim shadow of self-knowledge.

stock market
3 April 2014 at 16:53 - Comments

How to Get More Than 100% From Life

Get MORE than 100% from Life with Mathematical Certainty

Want to succeed in life? This is a mathematical certain way you can.

Mathematics:

This comes from 2 math teachers with a combined total of 70 yrs. experience.  It has an indisputable mathematical logic.

It also made me Laugh Out Loud.

This is a strictly ….. mathematical viewpoint… and it goes like this:

What Makes 100%?

What does it mean to give MORE than 100%?

Ever wonder about those people who say they are giving more than 100%?
We have all been to those meetings where someone wants you to give over 100%.

How about achieving 103%?

What makes up 100% in life?

Here’s a little mathematical formula that might help you answer these questions:

If:
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Is represented as:
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26.

Then:

H-A-R-D-W-O-R-K
8+1+18+4+23+15+18+11 = 98%

And

K-N-O-W-L-E-D-G-E
11+14+15+23+12+5+4+7+5 = 96%

But ,

A-T-T-I-T-U-D-E
1+20+20+9+20+21+4+5 = 100%

And,

B-U-L-L-S-H-I-T
2+21+12+12+19+8+9+20 = 103%

AND, look how far ass kissing will take you.

A-S-S-K-I-S-S-I-N-G
1+19+19+11+9+19+19+9+14+7 = 118%

So, one can conclude with mathematical certainty,
that while Hard work and Knowledge will get you close,
and Attitude will get you there.

Its the Bullshoot and Ass Kissing that will put you over the top.
Now you know why some people are where they are!

 

3 April 2014 at 14:13 - Comments

God’s Recall and Service Upgrade by Jesus

This is a little reading that my friend, Jeanie Brewer, brought to my attention.  Enjoy..

RECALL NOTICE:

The Maker of all human beings (GOD) is
recalling all units manufactured, regardless of
make or year, due to a serious defect in the
primary and central component of the heart.
This is due to a malfunction in the original
prototype units code named Adam and Eve,
resulting in the reproduction of the same defect
in all subsequent units.  This defect has been identified as

Subsequential Internal Non-morality

more commonly known as S.I.N.,
as it is primarily expressed.

Some of the symptoms include:
1. Loss of direction
2. Foul vocal emissions
3. Amnesia of origin
4. Lack of peace and joy
5. Selfish or violent behavior
6. Depression or confusion
7. Fearfulness
8. Idolatry
9. Rebellion

Jesus-Saves

The Manufacturer, who is neither liable nor at
fault for this defect, is providing factory-
authorized repair and service free of charge
to correct this defect. The Repair Technician,
JESUS, has most generously offered to bear
the entire burden of the staggering cost of
these repairs. There is no additional fee
required.The number to call for repair in all
areas is: P-R- A -Y-E-R. Once connected,
please upload your burden of SIN through
the REPENTANCE procedure. Next,
download ATONEMENT from the Repair
Technician, Jesus, into the heart component.

No matter how big or small the SIN defect
is,Jesus will replace it with:
1. Love
2. Joy
3. Peace
4. Patience
5. Kindness
6. Goodness
7. Faithfulness
8. Gentleness
9. Self control

Please see the operating manual, the
B.I.B.L.E.(BEST Instructions Before Leaving
Earth) for further details on the use of these fixes.

WARNING: Continuing to operate the
human being unit without correction voids
any manufacturer warranties, exposing the unit
to dangers and problems too numerous to list,
and will result in the human unit being
permanently impounded. For free emergency
service, call onJesus.

DANGER: The human being units not
responding to this recall action will have to be
scrapped in the furnace. The SIN defect will not
be permitted to enter Heaven so as to
prevent contamination of that facility. Thank you
for your attention!

- GOD

P.S. Please assist where possible by
notifying others of this important recall notice,
and you may contact the Father any time by
‘Knee mail’!

Because HE Lives!
Working for God on earth doesn’t pay much…
but His retirement plan is out of this world!

2 April 2014 at 10:20 - Comments

Jim Carrey Spiritual Awakening Meditation and Consciousness

Jim-Carrey-Spiritual-Awakening

Jim Carrey after Spiritual Awakening

Jim Carrey on Spirituality and Overcoming Depression

 

 

2 April 2014 at 09:24 - Comments

A System To Manipulate And Game The Citizens

gaming-humanity-politics

 

Do you really think the political elite and politicians want the laws observed?  No!  They want them to be broken.  These are a group of political elitists – Imperialism.  They are after power and they are very serious about it.  For they know that there is no possible way to rule innocent men.  The only power any government has is the power to crack down on criminals.   So, when there are not enough criminals one needs to create them.  To do this, the political elite make laws and declare so many things to be a crime that it becomes impossible for people to live without breaking the laws.  Who wants a nation of law-abiding citizens?  What’s there in that for anyone?  But just pass the kind of laws that can neither be observed nor enforced or objectively interpreted – and you create a nation of law-breakers – and then you cash in on guilt.  Now that’s a system, a method useful to manipulate and game the citizens of a nation, and once you understand it, the people are much easier to deal with and manage.

1 April 2014 at 23:33 - Comments

Tick Tock The Clock Is Running Out On A Massive Currency Shift

The Clock Is Ticking on This Massive Currency Shift

Money Morning
April 1, 2014
By Shah Gilani, Capital Wave Strategist

Source: http://moneymorning.com/2014/04/01/clock-ticking-massive-currency-shift/

Regarding currency, last week I was asked by a Wall Street Insights & Indictments reader about a new challenge to the U.S. role in the global economy that few are considering.

It’s a dominant role we’ve held since the latter part of World War II, and for 70 years it’s gone largely unchallenged.  Until now.  The question isn’t complicated, but it will be disturbing to some readers.

The Currency Question No One Has Been Asking

The question was one begging to be asked, and I’m glad one of our WSII readers put it out on the floor. Here it is:

“I have a question which, as far as I know, has never been raised. Perhaps you can offer a viable answer. In 1944, at the Bretton Woods Conference, the dollar was made the reserve currency for the world. This suggests to me that there are perhaps trillions of dollars floating around out there that are having little or no effect on our economy. I read that China is now trying to install the yuan as the new reserve currency, or at least at some point in the future, international trade will be done with other currencies.  What effect will that have on our dollar? This is something I’ve been thinking about for the past several months, wondering what we should be doing to prepare for that development. It seems to me that at some time in the future, all of those dollars will be repatriated, and yet no one that I know of has even raised the question.   Does that mean that I have it all wrong, or are people just too afraid to consider the possibility?”

To answer, first let me address what happened at Bretton Woods and what a “reserve” currency is, because understanding how a currency war will play out requires a look at past efforts to avoid one.

How the Dollar Became King

Currency home of the U.S. reserve dollar

In July 1944, with World War II still raging, but with an end to the devastation in sight, the 44 Allied nations, led by the United States, met in Bretton Woods, New Hampshire. They planned to hammer out a policy to “govern monetary relations among independent nation-states.”

The allies needed a financing mechanism to rebuild their countries and economies. And they needed a stable “global currency” to take the place of different currency regimes prone to competitive devaluations leading to economic disruptions.

Although John Maynard Keynes, a vocal and influential British economist at the time, proposed the “bancor” as a new world currency unit, the United States prevailed. The dollar became the “anchor” currency around which fixed exchange rates would be established.

The U.S. prevailed not only because it was by far the strongest ally. It also had the only viable economy paired with the means to help finance recovery. By that time the dollar was also the only currency still backed by gold.

Because the dollar was “reserved” by gold, the term “reserve currency” came into existence.  But reserve currency means more than backed by gold, which is important to understand since Richard Nixon ended the dollar’s convertibility into gold on August 15, 1971.

A reserve currency is first and foremost a currency that has the full faith and backing of its issuing government. 

It is perceived by investors to be a “store of value” because it is backed by a strong government, is safe from confiscation, and is governed by the trusted rule of law in the issuing country.

For those reasons, a reserve currency is held in significant quantities by governments and institutions as part of their foreign exchange reserves and is commonly used in international transactions.

In essence, Bretton Woods’ establishment of the dollar as a reserve currency meant the end of the gold standard for the world.

Since currencies were now “pegged” to the dollar (which could until 1971 be exchanged in the U.S. for gold at $35 per ounce), adherence to a peg would necessitate buying or selling dollars by a home country to maintain mandated exchange rates. Gold was no longer the basis of any currency’s “value,” and the dollar became king.

Over time Bretton Woods broke down and currencies began to “float.” That means currencies are valued relatively. The value of the British pound to the Japanese yen, for example, is a relative value. This means the value is based on how many parts of a unit or how many units of one currency it takes to buy a unit of another currency.

Every currency is “valued” in the open market every day against every other currency to establish what one currency is worth relative to another currency. Or, how many units of currency or goods and services a unit of one currency buys relative to another currency.

This Trap Threatens to Send Us Spiraling

The U.S. dollar is still the world’s reserve currency. But it faces increasing threats. One threat is its own doing; it’s called the “dollar trap.”

Precisely because the dollar is the world’s reserve currency, it is in high demand. One reason other countries want to hold dollars, besides their reserve status and their perceived store of value, is because by buying dollars, countries can change their exchange rates.

The typical path countries want to take is to devalue their currencies to make them cheaper on global markets. That way it takes fewer units of another country’s currency to buy a unit of a currency being devalued.

That “competitive devaluation” makes the devaluing country’s exports cheaper. Export growth is what drives many economies, especially emerging markets and most especially China. But the same is true of Germany and the United States.

If a country wants to increase its exports by making them cheaper, rather than lowering the price of them, they devalue their currency, which makes them cheaper on a relative basis. Countries drive down the value of their currencies by actually selling them.

Currencies always are valued in pairs. You cannot sell a currency to drive the value of it down without “buying” another currency on the other side of the trade. If you sell a currency, let’s say you sell Chinese yuan. (Note: You often hear “renminbi” in place of “yuan,” but both are names for China’s currency. Renminbi is the name of the currency, as in British sterling, and yuan is a unit of currency, as in the British pound.)

Whoever is buying your yuan has to pay you in another currency. Most of the time in a devaluation, the home currency is sold and dollars are bought. That’s the dollar trap.

Countries devaluing their currencies are selling them for dollars. They end up with massive amounts of dollars, which don’t pay any interest, so they use their dollars to buy U.S. government treasuries. Treasuries are a proxy for the dollar and pay interest.

The dollar trap happens as countries buy U.S. bonds, driving down their yields, which in turn keeps U.S. borrowing costs at rock bottom. Cheap borrowing let’s U.S. legislators and administrations run huge deficits. Huge deficits in turn will eventually undermine the value of the dollar.

The trap turns to a nightmare if dollar holders (government bond holders) lose faith that the dollar will continue to be a store of value, which it will become less of if it is sold off widely and depreciates as a result of global selling. Dollar depreciation affects holders who are losing money by sitting on a depreciating asset and in turn will sell their holdings in a possible death spiral for the dollar and the U.S. economy.

Enter the Chinese: The Dragon Is Vying for Dominance

The likelihood of the dollar trap turning into a dollar collapse any time soon is remote. Although at some point, it could happen.

The death spiral scenario is based on the Chinese currency replacing the dollar as the world’s reserve currency. In theory, as the Chinese economy grows (it’s now the second largest in the world), and China increasingly transacts in yuan as opposed to dollars or euros, there will be more yuan in the global marketplace.

If enough yuan are free-floating and available as an international medium of exchange, the Chinese could dump their trillions of dollars in dollar reserves, crashing the dollar and throwing its reserve status out the door.

It’s not time to worry… yet.

China needs financial market reforms, and to liberalize capital flows into and out of the country, and they need political and institutional legal framework reforms. They need all of that before global trading partners would ever consider the renminbi as a reserve currency.

That said, the United States is facing an aging population, a declining workforce, growing debt, and the emergence of global players. There’s no guarantee the dollar’s reserve status will stand the test of time.

For investors looking to profit from currency wars and any change in reserve currency status, there will be plenty of time to tee up blockbuster trades to make a killing on the death of the old world order.  It happened at Bretton Woods, and it then happened when Bretton Woods broke down. Another massive shift is next…

Here Comes The Sun (Beatles): Global Currency Reset In Motion

1 April 2014 at 20:06 - Comments

60 Minutes Reveals Rigged Wall Street eTrading

Wall-Street-Greed

The bombshell ’60 Minutes’ report below just released last night will shake Wall Street to its core. Exposing that Wall Street is rigged to the benefit of certain insiders who have made BILLIONS of dollars via computerized trading, this report should bring Wall Street to its knees. 2nd video also below.

And the rest of the story:

31 March 2014 at 19:10 - Comments

Status Report of U.S. Treasury Owned Gold

Gold – Total Reserves in the US
 Total reserves (includes gold, current US$)Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.

  • United States
  • 2009-2013       574,268,090,541   (574.2 Trillion)

http://data.worldbank.org/indicator/FI.RES.TOTL.CD

Status Report of U.S. Treasury-Owned Gold

Current Report: February 28, 2014

 

Department of the Treasury
Financial Management Service
STATUS REPORT OF U.S. TREASURY-OWNED GOLD
February 28, 2014

Summary

Fine Troy Ounces

Book Value

Gold Bullion

258,641,878.074

$10,920,429,098.79

Gold Coins, Blanks, Miscellaneous

2,857,048.173

120,630,859.37

Total

261,498,926.247

11,041,059,958.16

Mint-Held Gold – Deep Storage
  Denver, CO

43,853,707.279

1,851,599,995.81

  Fort Knox, KY

147,341,858.382

6,221,097,412.78

  West Point, NY

54,067,331.379

2,282,841,677.17

Subtotal – Deep Storage Gold

245,262,897.040

10,355,539,085.76

Mint-Held Treasury Gold – Working Stock
  All locations – Coins, blanks, miscellaneous

2,783,218.656

117,513,614.74

Subtotal – Working Stock Gold

2,783,218.656

117,513,614.74

Grand Total – Mint-Held Gold

248,046,115.696

10,473,052,700.50

Federal Reserve Bank-Held Gold
Gold Bullion:
  Federal Reserve Banks – NY Vault

13,376,987.715

564,805,850.63

  Federal Reserve Banks – display

1,993.319

84,162.40

Subtotal – Gold Bullion

13,378,981.034

564,890,013.03

Gold Coins:
  Federal Reserve Banks – NY Vault

73,452.066

3,101,307.82

  Federal Reserve Banks – display

377.451

15,936.81

Subtotal – Gold Coins

73,829.517

3,117.244.63

Total – Federal Reserve Bank-Held Gold

13,452,810.551

568,007,257.66

Total – Treasury-Owned Gold

261,498,926.247

$11,041,059,958.16

Deep Storage: Deep-Storage gold is the portion of the U.S. government-owned Gold Bullion Reserve that the U.S. Mint secures in sealed vaults, which are examined annually by the Department of Treasury’s Office of the Inspector General. Deep-Storage gold comprises the vast majority of the Reserve and consists primarily of gold bars. This portion was formerly called “Bullion Reserve” or “Custodial Gold Bullion Reserve.”

Working Stock: Working-Stock gold is the portion of the U.S. government-owned Gold Bullion Reserve that the U.S. Mint uses as the raw material for minting congressionally authorized coins. Working-Stock gold comprises only about 1 percent of the Reserve and consists of bars, blanks, unsold coins, and condemned coins. This portion was formerly listed as individual coins and blanks or called “PEF Gold.”

31 March 2014 at 13:28 - Comments
Looks like a lot of Gold with Total - Treasury Owned Gold at $11-Billion, but not when we are running …
7 April 14 at 15:30