What a bunch of hypocrites these two delusional people are .... Vote people ...vote for a political party that puts the people first .. one that has not been purchased by the Elite 1% ... Democracy, freedom ..for the people ... for the Earth.
@megahikerguy And who would that be? If voting could change anything, it would be illegal. Democracy is a horrible idea (mob rule) that does not recognize individual liberty.
OK .. they get SOME stuff right ...some is BS propaganda ...the free market Capitalism system is only good for the 1% rich and is destined to continue to FAIL! it is a myth ...there is no "Free Market " and never will be a "free market".
15% inflation is a problem.... jajaja come to argentina we usually have 30% un the last 50 years we have use something like 12 diferent coins. What is going to stop them from creating a diferent coin a new fiat and start ¨again¨ like my country has done so many times?????
Really can someone explain that to me because I do not understand that.
I think if we could rely on people to act reasonably we wouldn't need government. That end goal utopia seems awfully similar for anarcho-capitalists, egalitariansists, and communists. Arguably we'd all be so wealthy we wouldn't be so hung up on ownership rights etc. It's often an argument how we reach that state.
I think the conflict over limited resources is inevitable and force wins sadly.
We would have to gain resources with ease faster than we can consume them.
@paullie6719 I went to a store today to check what I can buy with 5000 years worth of history. Not a thing. Man... that made me angry.
About 150 years ago aluminium was more valuable than gold, now it's worth nothing. The simple truth is that a chunk of metal has no inherent value and that is why all precious metals had their great rallies and great crashes. What is truely valuable to all human beings is our productivity. It is this productivity that backs our paper currencies.
I think the gripe of the protesters arguing against austerity measures is that they are still FORCED to pay taxes and yet not as much is coming back to them in services. Their taxes are going to pay off someone else's (big bankers) debt.
It's refreshing to see from time to time there are still yanks with their heads screwed on proper. Congrats to Jeff in Mexico, the USA is nothing but a huge gulag these days and the worst is just around the corner for that place. Take care you two.
I live in northe Mexico and what Jeff said that Mexico is not violent or not as violent as the US media claims to be, it may be tru that where he lives in central mexico is no violent, but here where i live, on average 15 human beings are killed violently each day, just in my city. So, maybe it depends where you live, but Mexico is a very violent place.
I have being robbe by criminals twice in least than a year, with violence and with a gun involve, and many of my friends have too.
@megatherium100 Hi Mega... I'm sorry to hear it's so bad where you live. Yes, of course, there are a few places in Mexico that are pretty bad. Juarez, for example. My main point is that the vast majority of Mexico is fine. BTW, do you know how many people are shot in Chicago every weekend. It's normally between 40-60. Google "acacondos chicago murders", I wrote about this there
@jberwick9 I live in Chihuahua,im aware of the problem in juarez, and i know that in many places in the USA are actually way worst in respect to violent crimes than Mexico most violent regions, take Oakland for example, thats a scary place to be. I know this because of my line of work, i work with a lot of security agencies and companies.
I just feel that you just dismissed all of the misery that my city has had to suffer for this stupid drug war.
@megatherium100 Oh, believe me, the War on Drugs (I call it the War on Freedom) is the thing I hate most on this planet. It has ruined millions of lives and turned the earth into a police planet. I live in Acapulco and I don't know if you've seen the news out of here in the last year, there have been lots of problems... however, they keep almost exclusively to themselves... so that is why I generally say that Mexico is safe... obviously, just like anywhere, there are good and bad spots...
@itubenowplease - China doesn't need to bomb US assets. All they need to do is stop buying US bonds. Then the game is over and the US is fucked. Despite what the paranoid US media claims, China is much more interested in economic prosperity than military might. No doubt their building their military up, but what they spend on it doesn't even compare to the USAs "defense" (lol!) budget.
I'm not going back the USA. Glad I got all my assets out of the US when i could, but when I did (2 years ago) I was shocked at how difficult it was and how antiquated the US bank system seemed. It shouldn't take 6 weeks to do a wire transfer. In Japan, people wire money all the time (there is no checking system). There are also bank accounts that hold your money in gold!
@aiiiunluckykid - central control over the economy and and economic enterprises. There are also fascist elements too: tax payer money that pays for profits for enterprises supplying the military industrial complex and the "security state" industries, for example. Through taxes and regulation, the central gov has crushed small business. Think: tax laws and trade policies that benefit Wallmart and kill entrepreneurs.
The individual's goal in life is to "Life, Liberty and the pursuit of Happiness". The true and important role of government is to take away one's "Life, Liberty and the pursuit of Happiness" when they take away someone else "Life, Liberty and the pursuit of Happiness". It is not the goal of the government to provide one person "Life, Liberty and the pursuit of Happiness" by taking from anothers "Life, Liberty and the pursuit of Happiness".
FYI - I imagine you all know that this system is about to replaced. There is much underground rumbling afoot and its due to hit the surface anytime. Best guess is before June 30,11.
In this world you cannot be a moralist anarchist.... if you are democratically forced to compete for government favors... or lose the competition. So, prefer anarchism, but exploit and lobby the state to oblivion.
Well gentlemen. I sure that the US can keep dancing and ducking for a couple more years. I have to get through my trial in October. Then do a bunch of things really fast so I have some setup for when this comes off the rails. How it comes off the rails just means I need to be more adaptable in how I get setup.
So a few good thoughts for those of us that are in situations way out of our control.
Keynesianism is a joke. After reading America's Great Depression alone of Rothbard's books, I am led to believe that it isn't even approaching science.
@charronfamilyconnect Its both. Fuel in Britain has doubled in price from 2000 to 2010 due to inflation. One thing i have learned is not to keep my wealth in pounds sterling as much as possible. All these fiat currencies will eventually get inflated to nothing.
@wasssuppp08 I don't need to have a crystal ball to see how British society has degenerated over the past 50 years. One reason is the welfare state , don't think its government generosity either , its a control mechanism. Benefits also find their way to the richer portion of society in the form of housing benefit to wealthy landlords. The entire system stinks to high heaven. We would be better with small government and very low taxation for all, this is what creates wealth.
@wasssuppp08 Theres a big difference to providing a safety net to those fallen on hard times then providing a flat screen TV , council house , income albeit small, benefits for having more children. This money has to be stolen via taxation from productive people, go through a inefficient bureaucracy and then get doled out. The dole lifestyle eventually destroys motivation, the mental and physical health of the recipient and makes them reliant on the state.
@yingyangcorpse Crops can always be grown and precious metals means little in a full-blown collapse. Guns and ammo, or weaponry in different shapes and forms, have been at the centre of all trade since the beginning of recorded history. It's no coincident it still is to this very day while iron, bronze, gold, spices and soon debt bills/money have or will fail.
@interista7878 - When has there ever been a full blown collapse? In economic crises there are always people who make money/take advantage of the situation (i.e., gaining power/wealth); never are 100% of the people so bad off that they 're all looking for food. In the west, the worst crisis comparable to what we're about to go through is the French Revolution. Lots of people found their gold and silver useful - and they certainly didn't starve. The people who starved didn't have gold/silver.
@MiranUT ... and neither did people with weapons to trade.
I'm giving an example of a worst case scenario of course, in response to the other scenario where corn, sugar and wheat becomes a viable means of trade. A full blown collapse however is only one Yellowstone volcano away. Drain our oil or make the dollar, euro and pound worthless and we'd also could see a widespread panic where the state loses control. All of which we saw clear examples of in a not so distant past - i.e. Katrina.
@interista7878 - Katrina? I just lived through one of the worst disasters in human history: 9.0 quake, 4m tsunami and the "apocalyptic" meltdown. Life goes on (and no weapons were needed - although as much as I detest them, I agree weapons make good trade items). There are plenty of opportunities to make money (gold and silver are real money) in crises. As "weak" as the Japanese economy is, it's still going. Indeed, rebuilding will be key in bringing Japan out of its economic malaise.
@MiranUT Broken window fallacy. It may give you a kick of sorts, by forcing the government to relent on its shenanigans but it set you back 50 years all the same, make no mistake about it.
@PeterTheEvilBastard - Yeah, like WW2 did, right? Did you notice how few people died? Fewer than 30,000. That's because the Japanese were prepared. Imagine if a tsunami hit 500 km of the US West Coast. I have more faith in the Japanese people.
Stef is in error: those of us with gold would be able to buy oranges from the USA, they'd be glad to send them to Canada for gold. The US dollar collapse is an import-failure for them, not an import-failure for people using silver+gold to buy what's in the USA.
May I interject? Any fiat currency can be abused. You say, "Well the free market will weed out abusive currencies". Let me remind people, in this age, vast fortunes can be bought or sold with a click of a mouse. Even if my currency is worthless in 5 minutes, I could have used that 5 minutes to buy up the entire stock market. Fiat currency is LESS abusive under government, because they cannot go on personal shopping sprees with the money. Commodity based currency is better anyway though.
@wasssuppp08 "Mmm...never knew that.Giving a helping hand to the less well off in society maybe the definition of communism "
Actually it's communism or socialism at the start; socialism should stop it before it causes a problem for society, but communism will destroy all society to feed the useless people who INSIST on eating without working, who can work, and should be dying of starvation to save the rest of us. The proper outcome.
@fuckoverload It's not flawed because you can take measures to defend yourself. You're also making note of others who don't follow the NAP in the context of an environment that does not embrace that philosophy universally yet. It's like a drunk who philosophically agrees with sobriety but claims the flaw in not drinking is it causes hangovers.
Jeff Berwick commented that we've not had a gold backed currency since..
To correct that particular fallicy.. Money gets its value, from the mark or seal of authority stamped upon it. Whether its, gold, silver, paper, or unobtainium, it is the seal of the government Treasury that determins the value of the, 'debt token,' to be used as a method of exchange. If you actually used gold coins, there would still be a government symbol denoting its value in the society. THIS IS IMPORTANT TO KNOW..:
@jamerfunk What is important to know is that gold has value only because it is NOT stamped, printed or coined by a government, the precise opposite of what you wrote.
You are very badly educated on gold. The value of gold & silver is purely and only as an atom that man can not duplicate, value that can not be based on faith or stamps. Ever. Money can never get its value from the government: debt also can never at any time be money. Ever.
@jamerfunk so in particular once we switch to coins which are gold & silver we will test them by weight, by chemistry and by mass. No government stampings or faith are asked for, none are required, none are preferred. We need no central bank, no treasury and NO government interference with money. Money is created by one process only: the trade of the market. Government does not create money ever. It creates currency, a fraud paper system, nothing else. Dollars are NOT MONEY. Gold is money.
If I lived in the states or any other gun friendly nation I would invest all my money in guns and ammo. Both of those are guaranteed to sky rocket in a way gold never will and you can always sell them if the shit doesn't hit the fan.
Violence will always be the hottest commodity in a society based on trade....
I don't see why a country somewhere doesn't setup a completely, perfectly free market system, with a gold standard, and then allow for open immigration as the US collapses. Such a place would attract massive investment and attention, especially by wealthy people trying to protect their assets.
@pretorious700 LOL... I misspoke. I meant to say 18 hours per day for 8 years... (7 days per week as well, btw)... haha, I know it sounded silly when I said 8 hours per day for 8 years!
8:27 Fiat currency is not the root problem, its a symptom not because your off the gold standard because your allowing banks to obfuscate the borrowers promissory obligation,how preposterous the banks were laundering circulation way before the 1930s even before 1914 when your fed opened its door, wars were waged before central banking ," Decent ? " is certainly not the obfuscation of the borrowers promissory obligation which IS where the terminal procedure starts laundering all national wealth.
@chotaboy66 HONEST wars in REAL defense were waged before central banking. Less wars. Honest wars claiming we need resources were waged before central banking. THis is 10,000x better than now. NOW we have the lies that we have all the resources (we do not) and war is not expensive (it is) and print money to fund it (then starve everyone using inflation). This fraud is the worst possible outcome & must be abolished immediately. Fiat IS the root problem.
@ytgv3fc7 I would actually take it one step further in that the definition of fiat money is money designated by government edict. Therefore, it's the adoption of government that is the root. And that root is based on the contradictory belief that the initiation of violence can prevent the initiation of violence.
@whitechocolatespace There is no contradictory belief - fact alone in all nature in all life proves that violence always prevents further violence. The removal of a small amount of violence is the automatic and absolute creation of more violence. The killer you do not kill will kill 10, 20, 100 people. That one death is absolutely critically good for society and it is SUICIDE not to do it.
@ytgv3fc7 You're erecting a straw-man argument. I said the initiation of violence, not just plain violence. There's a difference. You can use force in defending yourself. But to believe that STARTING a fight to prevent someone else in STARTING a fight is a contradictory belief. And that's what governments are initially created to do - using force to fund (taxes) law enforcement. Close to 200 mil. ppl died at the hands of their own government outside of war in the 20th century.
@whitechocolatespace "You can use force in defending yourself. But to believe that STARTING a fight to prevent someone else in STARTING a fight is a contradictory belief"
That's a funny definition.
If I see someone coming at me, did I start it to act faster?
If someone is planning to kill my family and I kill that person, am I starting it? Where do you draw the line?
Government has purposes other than edicts of money.
Any collective of people acting together is governance and not all are violent.
In any case the initiation of violence does clearly prevent further violence: you have to ensure it won't provoke revenge but it will stop a person intent on killing many. It's been done plenty of times. If I kill someone to defend myself I've prevented further violence.
@whitechocolatespace starting a fight to stop another fight - that's your funny definition - I reject it. I will start any fight I know is defensive. I live in a world that demands it. You do too. I pay attention to ensure that I would be hurt more or killed if I did nothing, to ensure I avoid errors. Survival demands this.
I definitely absolutely support the use of force for my survival. I hold everyone to the same principle.
@ytgv3fc7 You're not focusing on the initiation part. Again, you're erecting another straw man argument. I'm trying to expose the logical flaw on the initiation part. If you and someone else were stranded on an island, is it possible or is it not possible for one person to start a fight?
@ytgv3fc7 No such thing as a honest war sir . On the contrary you're one on many that fail to see how money is created just like the rest of them ,The obfuscation of the borrows promissory note IS THE ROOT PROBLEM which happens before the change & way before the issue of fiat digits. Again most of you are indoctrinated within the symptoms rather than looking at THE ROOT CAUSE of monetary destruction .Of course this indoctrination only comes from following misinformation & false Austrian rhetoric
@chotaboy66 Certainly there is: any war where you say you're going in to take stuff, and do that, is an honest war. Not a morally right war but not one where you lie by saying there is no war, or lie by saying there's only self-defense interest like today.
@ytgv3fc7 SORRY ,when one gos to a bank for a loan they sign a promissory note,ITS A PROMISSORY NOTE simply because it only has ONE signature & that is the borrowers signature NOT THE BANKS.A borrowers promissory note is the only note that has" lawful " consideration of value backed by the property value its self only the bank launders it on conception MATE (banks commit contract fraud) Banks dont loan or create money they CHANGE MONEY. When will you zombies ever learn how your getting screwed?
@chotaboy66 then don't go to a bank and don't get a loan. I don't.
It's not money. It's PAPER. paper is not money.
When you learn that paper is not money & silver + gold ARE then you stop being screwed. I'm teaching YOU not the other way around. I'm the one who's awake, a killer of zombies, not a zombie myself.
@ytgv3fc7 If you had a gold backed system or gold coin the banks would launder the gold out of circulation via the borrowers repayments as they do today by the very obfuscation of the borrowers promissory obligation which you ignorantly think has no relevance?, finite gold markets are manipulated today so what guarantee is there to sustain the peoples ability to borrow further in a growing economy .The truth is THERE IS NO GUARANTEE because you ignorantly ignore the root cause economic failure.
@chotaboy66 the banks wouldn't launder the gold out of circulation, we'd stop using the banks. We don't need them when we have gold + silver, guns and armour. Be your own bank, never use a loan. Finite gold markets are not "manipulated": fools are buying paper and pretending it's gold, so they are asking to be manipulated. Take DELIVERY of gold & this does not work anymore. The root cause of your problems is YOU: you believe paper is money.
@ytgv3fc7 How absurd JP Morgan is laundering the represented value of gold TODAY, I advocate MPE (NO BANKS) ,people create money themselves by a promissory note that has value backed by the value of property thats NOT finite,The MPE system allows obligor to create money into circulation,the true creditor "owner" gets paid in full & its the obligation of the obligor to retire circulation at the rate of depreciation free of bank intervention or charged interest that defeats all inflation,deflation
@ytgv3fc7 The root cause of your problems is YOU: you believe paper is money.
Borrowing must STOP NOW. ALL OF IT. FOREVER
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The root cause is you illogical ignorance where you presume gold will save you when the banks have possession & control of most of it NOW, gold is limited "FINITE" which WILL limit any economy to grow because it WILL limit the circulation "growth will stagnate".MPE solution YOUR not really borrowing YOUR CREATING & RETIRING MONEY equal to the value of property ZOMBIE.
The banks have almost NO gold. WE the people and the MINES have most of the gold.
The banks unloaded all their gold until they had NONE. They just started getting some back and they are behind the curve. FINITE limits to ECONOMIES is the BEST EVER. We must destroy all attempts to grow economies in unlimited ways. Those are SUICIDE FOR THE PLANET. Evil. Destructive. YOU are the problem. DESTROY DEBT, DESTROY CREDIT, DESTROY GROWTH. Sustainability NEEDS it
@chotaboy66 If you don't limit the growth of the economy this is like demanding that babies be mulched and put into soil so that we can keep making more babies.
Soylent green.
It's evil. Economic growth must HIT ZERO AND STAY THERE.
@ytgv3fc7 If you don't limit the growth of the economy this is like demanding that babies be mulched and put into soil so that we can keep making more babies.
Soylent green.
It's evil. Economic growth must HIT ZERO AND STAY THERE
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Limiting growth by manipulation of currency by fraud means inflation & deflation which is evidence of theft . Any currency gold coin or paper or whatever will represent a debt sir, it always will, you fail the math & rudimentary logic by your absurd parable.
@chotaboy66 Gold will NEVER represent a debt. it has intrinsic value, no markings required, only the atoms of gold. No backing by any faith or currency or person. Ever. It is of value because it is rare & does not rust. Period. That's it. It can not be a debt no matter how you pretend it. it is a valuable item to be consumed.
Yes but as soon as you turn that gold into a coin or currency it dose become a debt .
Furthermore one doesn't consume gold nor dose it depreciate ,so under MPE its put into the category of a collectors item ,it keeps its value & doesn't depreciate as such .The gold price will reflect its commercial use & demand as such as it is used in electronics etc.
You know your attacking me out of ignorance mate,MPE solves every one of your arguments .
@chotaboy66 No, it doesn't. Gold has direct trade value & you just trade it. You don't let anyone else put a currency stamp to it nor assign a value. you just trade gold as-is for products as-is. MPE resolves nothing: all fiat is fraud. Things which don't depreciate aren't collectors items, they are money.
@chotaboy66 1: Nope, JP Morgan is focusing on silver.
HSBC is focusing on gold. This is not causing a severe problem for many of us. Once the short-covering happens gold will go up massively. Even with the short-contracts there, gold is going up decently. It's holding value against other tangibles and against paper "money" (debt) very easily.
@ytgv3fc7 1: Nope, JP Morgan is focusing on silver.
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Your ignorance fails you again silver is also finite and can be manipulated one only has to look at what the average Joe is doing to manipulate silver today , The gold gold has been suppressed ZOMBIE due to bank intervention ,one only has to look at how much the Rothschild's etc have stashed over the last century. Your own words fail you mate every time you comment.
@chotaboy66 2: "people create money themselves by a promissory note"
NOPE.
Notes are not money. IOU notes are debt. Debt is not money.
Money can only be created by production. Goods are money.
Credit/Debt is bad for any money system and should never be treated as money. Debt/Credit is a contract which is not money, for an exchange which will involve money.
@ytgv3fc7 2: "people create money themselves by a promissory note" NOPE.
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Your willful ignorance fails you once again.The borrowers promissory note has the only LAWFUL consideration of value,do your home work ,your assumptions are indeed incorrect.
Debt = Principal ONLY.How can people prosper & grow as a nation without personal debt,the 2nd grad math proves interest charged is terminal ,TODAY banks intervene on our commerce by fraud laundering the DEBT out of circulation on conception.
@chotaboy66 These "laws" are frauds to be destroyed. Just as slavery once was the law. Promissory notes are fraud. We have had enough. I will have no more. I have NO assumptions, nothing to be invalidated. Only the facts. Debts that can't be repaid are the building block of fiat currencies - promissory notes - which must stop existing. They will be stopped. Charged interest CAN NEVER be terminal, merely currency can collapse which denominates such interest. You clearly fail to understand.
@ytgv3fc7 If you fail to see the borrowers promissory note is backed by the value of property then you deny your self true representation of wealth.Charged interest is never created dummy so its laundered out of circulation by banks,Profit & interest are 2 entirely different things .PROFIT Is the money that already exists in the circulation BANKING INTEREST or USURY Is the taking or theft of UNEARNED profit that depletes circulation at someone else's demise through NO fault of there own MATE.
@ytgv3fc7 . These "laws" are frauds to be destroyed. Just as slavery once was the law. Promissory notes are fraud
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Again I see is your twisted ignorance & logic .The " borrowers " promissory note (NOT A FIAT MONEY CHANGER PROMISSORY NOTE ) is the earliest form of trade mate " BARTER " under MPE the borrowers promissory note allows people to pay each other with an equal amount of represented wealth without perpetual increases in the costs of servicing an escalating sum of falsified debt.
@chotaboy66 The gigantic misunderstanding you have is that debt is laundered OUT of circulation. IT IS NOT. Not ever. it is laundered INTO circulation. That is the fraud. Debt = INTEREST + PRINCIPAL ALWAYS. Never ever ever is debt your claim of principal only.
@ytgv3fc7 Debt = INTEREST + PRINCIPAL ALWAYS. Never ever ever is debt your claim of principal only.
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WRONG Debt is an obligation to pay or perform something; liability or principal.A loan consists of an agreement to lend a principal sum for a fixed period,principal is the original amount of a debt where interest is calculated.What you purportedly repay to a bank is the ORIGINAL DEBT which is THE PRINCIPAL plus interest. I must profess AGAIN you have your logic twisted & back the front mate
@ytgv3fc7 Then why borrow in the first place if you know this. Surely you borrow for something that you want, a car or a house or whatever. You borrow the money as you dont have it at all and you agree to pay an amount over a fixed period of time. I could not care less where the bank get their money from, all I know is that I need the money. I also know that I will owe the PRINCIPLE, which is the amount borrowed, plus INTERETS which is the cost of borrowing the PRINCIPLE of the fixed amount.
@wasssuppp08 What the UK government has done is destroy the economy and then provide dole for the people whose futures they have destroyed. Its also gives dole to anyone as benefits over time psychologically destroy and trap the people receiving them making them dependent on the government. Its a form or Marxism, we see government involvement in every aspect of our lives, none of it beneficial.
@jasrogg The fact that Steph is right about ANY of his information gives him credibility. How do you know he isn't and what do you think he's wrong about? Where do you get your facts? The truth is what we are looking for so it would please my curiosity to know your foundation of the facts?
@Cinemaguy2007 Yes, an article on "the intel hub" news website. If you want me to find the title of the article for you I guess I would be happy to do that although, being a little lazy, I hope you can spot it quickly. :) Good hunting.
@Cinemaguy2007 - It's not crazy at all. China and Pakistan have close ties. What's crazy is the USAs countless violations of Pakistan's sovereignty for 4 plus-years. The US said Pakistan didn't cooperate, yet the US hasn't cooperated with Pakistan for years and continues killing innocent civilians while the US officials call them Taliban, al Qaeda, militants, insurgents and "other bad guys and other malcontents" (VP Biden). The idiotic war on terror is evidence of total failure of diplomacy.
if people would just realize things would be great if we followed the non-agression principle? who doesn't realize that?! it's just a little easier said than done. There is a lot of intentional agression. If you get to assume that factor... well you havn't made a very realistic proposal as a result.
AH! I heard "Goldfinger" mentioned. It's fun to re-watch that movie, and see the meeting with the treasury head--where we see that Britain is sending it's LICENSE TO KILL agent to do whatever is necessary to prevent Goldfinger from SMUGGLING gold, and thereby circumventing the British treasury's ARTIFICIALLY HIGH LEVEL for it's pound vs gold. They were ready to KILL ANYONE who would lessen their ability to control markets!
Equity213: If you Google this you will see a blog post where I point out how the US adheres to most of the main tenets of communism now. Google: "John Melloy, of CNBC's Fast Money, Possibly Stupidest Man Alive"
@jberwick9 I've just read the title "Gold’s Record Surge – a Rejection of Capitalism" oh ffs, I can already tell this article is going to leave a large palm print on my face.
I'm in the UK and I cannot stand the idea of anarcho communism, the two words just don't seem to fit in the same sentence to me. The student riots indeed had nothing to do with anarchism, it was totalitarian socialism at best.
@frostyuk2007 'Anarcho - Communism' sounds like an oxymoron to me. I think Britain's socialist experiment needs to stop, it promotes failure and penalises success. Thats why you have the amazing scenario of the lowlifes reproducing and the more dynamic people not reproducing due to lack of funds, its madness. Our state school system is also dreadful , breeding homogenised mediocrities, no more excellence will come from England while this system is in place.
I really enjoyed Jeff.
SlaveryEvolves 1 month ago
What a bunch of hypocrites these two delusional people are .... Vote people ...vote for a political party that puts the people first .. one that has not been purchased by the Elite 1% ... Democracy, freedom ..for the people ... for the Earth.
Peace ... no more wars!
megahikerguy 3 months ago
@megahikerguy And who would that be? If voting could change anything, it would be illegal. Democracy is a horrible idea (mob rule) that does not recognize individual liberty.
LordShandor 2 months ago
@megahikerguy I don't get what's hypocritical. You want freedom but you approve of stealing when it's done by people with special hats. Very bizzare.
SlaveryEvolves 1 month ago
@megahikerguy You're being facetious right? Please tell me you are.
JackofOneTrade567 4 weeks ago
Psychiatric term: Delusional = belief in something that is not real. Eat your Gold!
LOL ! ???
megahikerguy 3 months ago
OK .. they get SOME stuff right ...some is BS propaganda ...the free market Capitalism system is only good for the 1% rich and is destined to continue to FAIL! it is a myth ...there is no "Free Market " and never will be a "free market".
Eat your Gold and Silver morons!
megahikerguy 3 months ago
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marcyhinton84 6 months ago
gold is desireable but isnt as useful as silver and soon the world will value it properly
garysquirrelreviews 7 months ago
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youneekk 7 months ago
15% inflation is a problem.... jajaja come to argentina we usually have 30% un the last 50 years we have use something like 12 diferent coins. What is going to stop them from creating a diferent coin a new fiat and start ¨again¨ like my country has done so many times?????
Really can someone explain that to me because I do not understand that.
elmaxidelsur 7 months ago
@elmaxidelsur if they do, the previous dollar would have died and revaluate ,what exactly dont u understand
durrrred 7 months ago
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USA = 卐
War is Peace. Peace is War.
Democracy is Dictatorship.
Freedom is Slavery.
petersz98 7 months ago
15:09 Stef brings up self made idiot. I say an educated useless eater. a step up from a useless eater.
driller62869 7 months ago
My take is the Feds will blame China.
mannyvelo 8 months ago
@mannyvelo I ... agree
Motherlandpluto 8 months ago
It bothers me when people hold onto gold for its value.
Gold is a great material for technology.
The value of the technology is greater than the brick or coin of material you hold on to for value.
I wish there were a better way. Maybe land?
ekpil2000 8 months ago
"collapse is great"?
I think if we could rely on people to act reasonably we wouldn't need government. That end goal utopia seems awfully similar for anarcho-capitalists, egalitariansists, and communists. Arguably we'd all be so wealthy we wouldn't be so hung up on ownership rights etc. It's often an argument how we reach that state.
I think the conflict over limited resources is inevitable and force wins sadly.
We would have to gain resources with ease faster than we can consume them.
ekpil2000 8 months ago
Tamed beast of the state? Goldmann Sachs!
joewesleypat 8 months ago
What is money worth? Nothing. It's backed by nothing tangible. It's backed and created by debt.
sihtmapstnac 8 months ago 2
@sihtmapstnac What is gold backed by?
FilipKunc 8 months ago
@FilipKunc "What is gold backed by?"
A 5,000 year history of value. Did you read that....F I V E T H O U S A N D Y E A R S
paullie6719 8 months ago
@paullie6719 I went to a store today to check what I can buy with 5000 years worth of history. Not a thing. Man... that made me angry.
About 150 years ago aluminium was more valuable than gold, now it's worth nothing. The simple truth is that a chunk of metal has no inherent value and that is why all precious metals had their great rallies and great crashes. What is truely valuable to all human beings is our productivity. It is this productivity that backs our paper currencies.
FilipKunc 8 months ago
Hi, have a look at this alternative idea to FREE THE MONEY FORM THE BANKS: it's called "BITCOIN", find it on wikipedia ;)
eginarda 8 months ago
Torward the end the term i believe Jeff was looking for is Normalcy Bias. Great conversation here.
darrenritt27 8 months ago
@darrenritt27 Yes, that was it! Thanks!
jberwick9 8 months ago
@jberwick9 Sure thing. Thanks for taking the time to help people understand the gravity of the situation we are in.
darrenritt27 8 months ago
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darrenritt27 8 months ago
Earth will be going to the intergalactic welfare office.
Iseeyoursoul 8 months ago
I think the gripe of the protesters arguing against austerity measures is that they are still FORCED to pay taxes and yet not as much is coming back to them in services. Their taxes are going to pay off someone else's (big bankers) debt.
mikedm01 8 months ago
It's refreshing to see from time to time there are still yanks with their heads screwed on proper. Congrats to Jeff in Mexico, the USA is nothing but a huge gulag these days and the worst is just around the corner for that place. Take care you two.
elfling 8 months ago
2: 25
'I worked literally 8 hours per day...'
Hehehe. HahahhahhhhAHHAHAhhahahHAHhaHAHHAHAHAhahhahahah!!!
I LOVE tech guys.
These early IT guys..I was there.. it would have been 7 hours counting money and an hour off tapping on a key board. LOL!
OzzyPatriot 8 months ago
@OzzyPatriot Haha, i know how silly that sounded... i misspoke... i meant to say 18 hours per day for 8 years... :P
jberwick9 8 months ago
The joke you told at 7:48 has got to be one of the best jokes you've ever made. And the hair comment really brought it home.
ninetales1234 8 months ago
I live in northe Mexico and what Jeff said that Mexico is not violent or not as violent as the US media claims to be, it may be tru that where he lives in central mexico is no violent, but here where i live, on average 15 human beings are killed violently each day, just in my city. So, maybe it depends where you live, but Mexico is a very violent place.
I have being robbe by criminals twice in least than a year, with violence and with a gun involve, and many of my friends have too.
megatherium100 9 months ago
@megatherium100 Hi Mega... I'm sorry to hear it's so bad where you live. Yes, of course, there are a few places in Mexico that are pretty bad. Juarez, for example. My main point is that the vast majority of Mexico is fine. BTW, do you know how many people are shot in Chicago every weekend. It's normally between 40-60. Google "acacondos chicago murders", I wrote about this there
jberwick9 9 months ago
@jberwick9 I live in Chihuahua,im aware of the problem in juarez, and i know that in many places in the USA are actually way worst in respect to violent crimes than Mexico most violent regions, take Oakland for example, thats a scary place to be. I know this because of my line of work, i work with a lot of security agencies and companies.
I just feel that you just dismissed all of the misery that my city has had to suffer for this stupid drug war.
megatherium100 9 months ago
@megatherium100 Oh, believe me, the War on Drugs (I call it the War on Freedom) is the thing I hate most on this planet. It has ruined millions of lives and turned the earth into a police planet. I live in Acapulco and I don't know if you've seen the news out of here in the last year, there have been lots of problems... however, they keep almost exclusively to themselves... so that is why I generally say that Mexico is safe... obviously, just like anywhere, there are good and bad spots...
jberwick9 9 months ago
Great guest. Very smart and articulate.
grumpone 9 months ago
@itubenowplease - China doesn't need to bomb US assets. All they need to do is stop buying US bonds. Then the game is over and the US is fucked. Despite what the paranoid US media claims, China is much more interested in economic prosperity than military might. No doubt their building their military up, but what they spend on it doesn't even compare to the USAs "defense" (lol!) budget.
MiranUT 9 months ago
do you think we are going to back down from Pakistan? I hope this doesn't start a new world war
Cinemaguy2007 9 months ago
I'm not going back the USA. Glad I got all my assets out of the US when i could, but when I did (2 years ago) I was shocked at how difficult it was and how antiquated the US bank system seemed. It shouldn't take 6 weeks to do a wire transfer. In Japan, people wire money all the time (there is no checking system). There are also bank accounts that hold your money in gold!
MiranUT 9 months ago
4 wars now? So this is what it takes to win a Nobel Peace prize.
Anothercoilgun 9 months ago
Can anyone tell me what he means at 10:58 when he says America is the most communist country out there....?? (still learning lol...)
aiiiunluckykid 9 months ago
@aiiiunluckykid - central control over the economy and and economic enterprises. There are also fascist elements too: tax payer money that pays for profits for enterprises supplying the military industrial complex and the "security state" industries, for example. Through taxes and regulation, the central gov has crushed small business. Think: tax laws and trade policies that benefit Wallmart and kill entrepreneurs.
MiranUT 9 months ago
Great video. So concise speech. Thanks.
qedisk 9 months ago
Great discussion!, thank you!
Truther858 9 months ago
The individual's goal in life is to "Life, Liberty and the pursuit of Happiness". The true and important role of government is to take away one's "Life, Liberty and the pursuit of Happiness" when they take away someone else "Life, Liberty and the pursuit of Happiness". It is not the goal of the government to provide one person "Life, Liberty and the pursuit of Happiness" by taking from anothers "Life, Liberty and the pursuit of Happiness".
guinnessman1970 9 months ago
FYI - I imagine you all know that this system is about to replaced. There is much underground rumbling afoot and its due to hit the surface anytime. Best guess is before June 30,11.
thedave108 9 months ago
@wasssuppp08 how old are you? 3?
I properly told you that communism is not socialism and the reason why.
You are an idiot so you resorted to the Fuck word immediately.
Are you even qualified to walk across the street? Who the hell do you think you are? fuck you and shut the fuck up
ytgv3fc7 9 months ago
Japan is experiencing deflation for a very long time. And they are on a fiat currency. How do you explain that?
ShwangShwing 9 months ago
@ShwangShwing Oh, I didn't hear all the interview... they commented on that.
ShwangShwing 9 months ago
brilliant conversation guys! I actually feel normal again.
bdmenne 9 months ago
Stefan, thank you for tirelessly standing your ground, and providing these interesting videos...
rockoutmichigan 9 months ago
my site was hacked.
AnarchoCapitalistTV 9 months ago
Jeff probably meant the term "Normalcy bias" :)
mrtomashorvath 9 months ago
@mrtomashorvath yes, that's what i was searching for! thanks!
jberwick9 9 months ago
In this world you cannot be a moralist anarchist.... if you are democratically forced to compete for government favors... or lose the competition. So, prefer anarchism, but exploit and lobby the state to oblivion.
alalelalex 9 months ago
Quantitative easing: "Some kind of hellish statist laxative!" hahahahhaha
alistairproductions 9 months ago
MORE DOUG CASEY! PLEASE! HIS PESSIMISM IS SO REFRESHING!
alistairproductions 9 months ago
:-))
kensho123456 9 months ago
apparently you can go even further back and an ounce of gold would buy you a excellent toga and a pair of sandals in the Roman days
modelmark 9 months ago
anarcho-capitalist, yeah, i hate labels but if you had to put one on me i think i'd be ok with that
desirefirst 9 months ago
@desirefirst Yeah, me too; the true definition, not the gov't/Mainstream-Media-propaganda/character-assassination definition of it.
MrDorkusMaximus 9 months ago
Well gentlemen. I sure that the US can keep dancing and ducking for a couple more years. I have to get through my trial in October. Then do a bunch of things really fast so I have some setup for when this comes off the rails. How it comes off the rails just means I need to be more adaptable in how I get setup.
So a few good thoughts for those of us that are in situations way out of our control.
scarmenl 9 months ago
Keynesianism is a joke. After reading America's Great Depression alone of Rothbard's books, I am led to believe that it isn't even approaching science.
MaxStirner4Lyfe 9 months ago
is it because they are pumping too much fiat that fuel and other commodities are rising or is it simply speculation?? What is the truth dammit!!
charronfamilyconnect 9 months ago
@charronfamilyconnect Its both. Fuel in Britain has doubled in price from 2000 to 2010 due to inflation. One thing i have learned is not to keep my wealth in pounds sterling as much as possible. All these fiat currencies will eventually get inflated to nothing.
hablerz 9 months ago
@wasssuppp08 I don't need to have a crystal ball to see how British society has degenerated over the past 50 years. One reason is the welfare state , don't think its government generosity either , its a control mechanism. Benefits also find their way to the richer portion of society in the form of housing benefit to wealthy landlords. The entire system stinks to high heaven. We would be better with small government and very low taxation for all, this is what creates wealth.
hablerz 9 months ago
@wasssuppp08 Theres a big difference to providing a safety net to those fallen on hard times then providing a flat screen TV , council house , income albeit small, benefits for having more children. This money has to be stolen via taxation from productive people, go through a inefficient bureaucracy and then get doled out. The dole lifestyle eventually destroys motivation, the mental and physical health of the recipient and makes them reliant on the state.
hablerz 9 months ago
i agree
TOURNAMENTPOKER 9 months ago
@yingyangcorpse Crops can always be grown and precious metals means little in a full-blown collapse. Guns and ammo, or weaponry in different shapes and forms, have been at the centre of all trade since the beginning of recorded history. It's no coincident it still is to this very day while iron, bronze, gold, spices and soon debt bills/money have or will fail.
interista7878 9 months ago
@interista7878 - When has there ever been a full blown collapse? In economic crises there are always people who make money/take advantage of the situation (i.e., gaining power/wealth); never are 100% of the people so bad off that they 're all looking for food. In the west, the worst crisis comparable to what we're about to go through is the French Revolution. Lots of people found their gold and silver useful - and they certainly didn't starve. The people who starved didn't have gold/silver.
MiranUT 9 months ago
@MiranUT ... and neither did people with weapons to trade.
I'm giving an example of a worst case scenario of course, in response to the other scenario where corn, sugar and wheat becomes a viable means of trade. A full blown collapse however is only one Yellowstone volcano away. Drain our oil or make the dollar, euro and pound worthless and we'd also could see a widespread panic where the state loses control. All of which we saw clear examples of in a not so distant past - i.e. Katrina.
interista7878 9 months ago
@interista7878 - Katrina? I just lived through one of the worst disasters in human history: 9.0 quake, 4m tsunami and the "apocalyptic" meltdown. Life goes on (and no weapons were needed - although as much as I detest them, I agree weapons make good trade items). There are plenty of opportunities to make money (gold and silver are real money) in crises. As "weak" as the Japanese economy is, it's still going. Indeed, rebuilding will be key in bringing Japan out of its economic malaise.
MiranUT 9 months ago
@MiranUT - PS I can guess that in past crises people didn't trade weapons for food. They probably got gold or silver.
MiranUT 9 months ago
@MiranUT Broken window fallacy. It may give you a kick of sorts, by forcing the government to relent on its shenanigans but it set you back 50 years all the same, make no mistake about it.
PeterTheEvilBastard 9 months ago
@PeterTheEvilBastard - Yeah, like WW2 did, right? Did you notice how few people died? Fewer than 30,000. That's because the Japanese were prepared. Imagine if a tsunami hit 500 km of the US West Coast. I have more faith in the Japanese people.
MiranUT 9 months ago
Stef is in error: those of us with gold would be able to buy oranges from the USA, they'd be glad to send them to Canada for gold. The US dollar collapse is an import-failure for them, not an import-failure for people using silver+gold to buy what's in the USA.
ytgv3fc7 9 months ago
Check out Return to Honest Money at fofoa.blogspot
dalliancedaniel 9 months ago
May I interject? Any fiat currency can be abused. You say, "Well the free market will weed out abusive currencies". Let me remind people, in this age, vast fortunes can be bought or sold with a click of a mouse. Even if my currency is worthless in 5 minutes, I could have used that 5 minutes to buy up the entire stock market. Fiat currency is LESS abusive under government, because they cannot go on personal shopping sprees with the money. Commodity based currency is better anyway though.
mouthpiece200 9 months ago
@wasssuppp08 "Mmm...never knew that.Giving a helping hand to the less well off in society maybe the definition of communism "
Actually it's communism or socialism at the start; socialism should stop it before it causes a problem for society, but communism will destroy all society to feed the useless people who INSIST on eating without working, who can work, and should be dying of starvation to save the rest of us. The proper outcome.
ytgv3fc7 9 months ago
This has been flagged as spam show
@ytgv3fc7 - Yeah, just like China, right!
MiranUT 9 months ago
You know the kind people I really can't stand on these issues?
The "things will always be like this. It will never get better. Just deal with it" kind of people."
I'm pretty sure many of you have encountered people who think like this is your own environment.
PDzero 9 months ago
@qtutoringhelps such a place will be bombed today by nations with central banks
ytgv3fc7 9 months ago
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fuckoverload 9 months ago
@fuckoverload It's not flawed because you can take measures to defend yourself. You're also making note of others who don't follow the NAP in the context of an environment that does not embrace that philosophy universally yet. It's like a drunk who philosophically agrees with sobriety but claims the flaw in not drinking is it causes hangovers.
whitechocolatespace 9 months ago
Jeff Berwick commented that we've not had a gold backed currency since..
To correct that particular fallicy.. Money gets its value, from the mark or seal of authority stamped upon it. Whether its, gold, silver, paper, or unobtainium, it is the seal of the government Treasury that determins the value of the, 'debt token,' to be used as a method of exchange. If you actually used gold coins, there would still be a government symbol denoting its value in the society. THIS IS IMPORTANT TO KNOW..:
jamerfunk 9 months ago
@jamerfunk What is important to know is that gold has value only because it is NOT stamped, printed or coined by a government, the precise opposite of what you wrote.
You are very badly educated on gold. The value of gold & silver is purely and only as an atom that man can not duplicate, value that can not be based on faith or stamps. Ever. Money can never get its value from the government: debt also can never at any time be money. Ever.
You are now properly corrected of YOUR fallacies.
ytgv3fc7 9 months ago
@jamerfunk so in particular once we switch to coins which are gold & silver we will test them by weight, by chemistry and by mass. No government stampings or faith are asked for, none are required, none are preferred. We need no central bank, no treasury and NO government interference with money. Money is created by one process only: the trade of the market. Government does not create money ever. It creates currency, a fraud paper system, nothing else. Dollars are NOT MONEY. Gold is money.
ytgv3fc7 9 months ago
@jamerfunk You should read Carl Menger's 'The Origin of Money' - if you search hard enough, there should be a free pdf version around.
whitechocolatespace 9 months ago
If I lived in the states or any other gun friendly nation I would invest all my money in guns and ammo. Both of those are guaranteed to sky rocket in a way gold never will and you can always sell them if the shit doesn't hit the fan.
Violence will always be the hottest commodity in a society based on trade....
interista7878 9 months ago
I don't see why a country somewhere doesn't setup a completely, perfectly free market system, with a gold standard, and then allow for open immigration as the US collapses. Such a place would attract massive investment and attention, especially by wealthy people trying to protect their assets.
qtutoringhelps 9 months ago
@qtutoringhelps - Probably because they don't want Americans to come. Would you?
MiranUT 9 months ago
@MiranUT
"Probably because they don't want Americans to come. Would you?"
Americans that want to produce rather than mooch, absolutely. And any other nationality.
qtutoringhelps 9 months ago
@qtutoringhelps - But there are so few of us. LOL! Anyway, I like your idea. I'm totally for open boarders.
MiranUT 9 months ago
wow. 8 hours a day for 8 years, that's a start.....try 16 hours a day for 30 years before you get all proud.
pretorious700 9 months ago
@pretorious700 LOL... I misspoke. I meant to say 18 hours per day for 8 years... (7 days per week as well, btw)... haha, I know it sounded silly when I said 8 hours per day for 8 years!
jberwick9 9 months ago
Listen close to this one folks, "fools by choice" no longer have an excuse!
Karmathejedi1701 9 months ago
8:27 Fiat currency is not the root problem, its a symptom not because your off the gold standard because your allowing banks to obfuscate the borrowers promissory obligation,how preposterous the banks were laundering circulation way before the 1930s even before 1914 when your fed opened its door, wars were waged before central banking ," Decent ? " is certainly not the obfuscation of the borrowers promissory obligation which IS where the terminal procedure starts laundering all national wealth.
chotaboy66 9 months ago
@chotaboy66 HONEST wars in REAL defense were waged before central banking. Less wars. Honest wars claiming we need resources were waged before central banking. THis is 10,000x better than now. NOW we have the lies that we have all the resources (we do not) and war is not expensive (it is) and print money to fund it (then starve everyone using inflation). This fraud is the worst possible outcome & must be abolished immediately. Fiat IS the root problem.
ytgv3fc7 9 months ago
@ytgv3fc7 I would actually take it one step further in that the definition of fiat money is money designated by government edict. Therefore, it's the adoption of government that is the root. And that root is based on the contradictory belief that the initiation of violence can prevent the initiation of violence.
whitechocolatespace 9 months ago
@whitechocolatespace There is no contradictory belief - fact alone in all nature in all life proves that violence always prevents further violence. The removal of a small amount of violence is the automatic and absolute creation of more violence. The killer you do not kill will kill 10, 20, 100 people. That one death is absolutely critically good for society and it is SUICIDE not to do it.
ytgv3fc7 9 months ago
@ytgv3fc7 You're erecting a straw-man argument. I said the initiation of violence, not just plain violence. There's a difference. You can use force in defending yourself. But to believe that STARTING a fight to prevent someone else in STARTING a fight is a contradictory belief. And that's what governments are initially created to do - using force to fund (taxes) law enforcement. Close to 200 mil. ppl died at the hands of their own government outside of war in the 20th century.
whitechocolatespace 9 months ago
This has been flagged as spam show
@whitechocolatespace "You can use force in defending yourself. But to believe that STARTING a fight to prevent someone else in STARTING a fight is a contradictory belief"
That's a funny definition.
If I see someone coming at me, did I start it to act faster?
If someone is planning to kill my family and I kill that person, am I starting it? Where do you draw the line?
WW2 vs Hitler, a mistake? I say it's not.
ytgv3fc7 9 months ago
@whitechocolatespace That's a nonsensical definition.
Government has purposes other than edicts of money.
Any collective of people acting together is governance and not all are violent.
In any case the initiation of violence does clearly prevent further violence: you have to ensure it won't provoke revenge but it will stop a person intent on killing many. It's been done plenty of times. If I kill someone to defend myself I've prevented further violence.
ytgv3fc7 9 months ago
@ytgv3fc7 Not sure what definition you're referring to, government or fiat money. I never said government's ONLY purpose is to issue fiat currency.
Throughout history, all governments have collapsed. All governments are created with the same intent as you just mentioned.
Well, you sound like you support the initiation of force to suit your own ends. You force the principle onto others but not for yourself.
whitechocolatespace 9 months ago
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whitechocolatespace 9 months ago
@whitechocolatespace starting a fight to stop another fight - that's your funny definition - I reject it. I will start any fight I know is defensive. I live in a world that demands it. You do too. I pay attention to ensure that I would be hurt more or killed if I did nothing, to ensure I avoid errors. Survival demands this.
I definitely absolutely support the use of force for my survival. I hold everyone to the same principle.
ytgv3fc7 9 months ago
@ytgv3fc7 You're not focusing on the initiation part. Again, you're erecting another straw man argument. I'm trying to expose the logical flaw on the initiation part. If you and someone else were stranded on an island, is it possible or is it not possible for one person to start a fight?
whitechocolatespace 9 months ago
@whitechocolatespace I'm focusing ON the initiation part, you need to get literate.
If you want to erect a straw-man argument on an island I'll retort: nature decides if one of us must go and WE decide who has faster reflexes.
ytgv3fc7 9 months ago
@ytgv3fc7 To clarify you force the non-aggression principle onto others but not for yourself. That's an elitist attitude.
whitechocolatespace 9 months ago
@ytgv3fc7 No such thing as a honest war sir . On the contrary you're one on many that fail to see how money is created just like the rest of them ,The obfuscation of the borrows promissory note IS THE ROOT PROBLEM which happens before the change & way before the issue of fiat digits. Again most of you are indoctrinated within the symptoms rather than looking at THE ROOT CAUSE of monetary destruction .Of course this indoctrination only comes from following misinformation & false Austrian rhetoric
chotaboy66 9 months ago
@chotaboy66 Certainly there is: any war where you say you're going in to take stuff, and do that, is an honest war. Not a morally right war but not one where you lie by saying there is no war, or lie by saying there's only self-defense interest like today.
ytgv3fc7 9 months ago
@chotaboy66 you clearly do not understand anything about money that I did mention. I will clarify again:
there is NO PROMISSORY NOTE. NONE.
The root problem is any of us believing we should use them. We should not.
Gold is not a promissory note. It's a metal. An element. It requires no faith, no note, no promise.
The ROOT cause is that everyone is calling paper money. IT IS NOT MONEY. IT NEVER CAN BE MONEY. Never has been.
ytgv3fc7 9 months ago
@ytgv3fc7 SORRY ,when one gos to a bank for a loan they sign a promissory note,ITS A PROMISSORY NOTE simply because it only has ONE signature & that is the borrowers signature NOT THE BANKS.A borrowers promissory note is the only note that has" lawful " consideration of value backed by the property value its self only the bank launders it on conception MATE (banks commit contract fraud) Banks dont loan or create money they CHANGE MONEY. When will you zombies ever learn how your getting screwed?
chotaboy66 9 months ago
@chotaboy66 then don't go to a bank and don't get a loan. I don't.
It's not money. It's PAPER. paper is not money.
When you learn that paper is not money & silver + gold ARE then you stop being screwed. I'm teaching YOU not the other way around. I'm the one who's awake, a killer of zombies, not a zombie myself.
Gold is not UNLAWFUL as money, it is IGNORED.
Wake up little sheeple. baa baa baa
ytgv3fc7 9 months ago
@ytgv3fc7 If you had a gold backed system or gold coin the banks would launder the gold out of circulation via the borrowers repayments as they do today by the very obfuscation of the borrowers promissory obligation which you ignorantly think has no relevance?, finite gold markets are manipulated today so what guarantee is there to sustain the peoples ability to borrow further in a growing economy .The truth is THERE IS NO GUARANTEE because you ignorantly ignore the root cause economic failure.
chotaboy66 9 months ago
@chotaboy66 the banks wouldn't launder the gold out of circulation, we'd stop using the banks. We don't need them when we have gold + silver, guns and armour. Be your own bank, never use a loan. Finite gold markets are not "manipulated": fools are buying paper and pretending it's gold, so they are asking to be manipulated. Take DELIVERY of gold & this does not work anymore. The root cause of your problems is YOU: you believe paper is money.
Borrowing must STOP NOW. ALL OF IT. FOREVER
ytgv3fc7 9 months ago
@ytgv3fc7 How absurd JP Morgan is laundering the represented value of gold TODAY, I advocate MPE (NO BANKS) ,people create money themselves by a promissory note that has value backed by the value of property thats NOT finite,The MPE system allows obligor to create money into circulation,the true creditor "owner" gets paid in full & its the obligation of the obligor to retire circulation at the rate of depreciation free of bank intervention or charged interest that defeats all inflation,deflation
chotaboy66 9 months ago
@ytgv3fc7 The root cause of your problems is YOU: you believe paper is money.
Borrowing must STOP NOW. ALL OF IT. FOREVER
--
The root cause is you illogical ignorance where you presume gold will save you when the banks have possession & control of most of it NOW, gold is limited "FINITE" which WILL limit any economy to grow because it WILL limit the circulation "growth will stagnate".MPE solution YOUR not really borrowing YOUR CREATING & RETIRING MONEY equal to the value of property ZOMBIE.
chotaboy66 9 months ago
@chotaboy66 You're a fraud and a liar.
The banks have almost NO gold. WE the people and the MINES have most of the gold.
The banks unloaded all their gold until they had NONE. They just started getting some back and they are behind the curve. FINITE limits to ECONOMIES is the BEST EVER. We must destroy all attempts to grow economies in unlimited ways. Those are SUICIDE FOR THE PLANET. Evil. Destructive. YOU are the problem. DESTROY DEBT, DESTROY CREDIT, DESTROY GROWTH. Sustainability NEEDS it
ytgv3fc7 9 months ago
@ytgv3fc7 You're a fraud and a liar.
--
Good luck proving that zombie.
chotaboy66 9 months ago
@chotaboy66 If you don't limit the growth of the economy this is like demanding that babies be mulched and put into soil so that we can keep making more babies.
Soylent green.
It's evil. Economic growth must HIT ZERO AND STAY THERE.
ytgv3fc7 9 months ago
@ytgv3fc7 If you don't limit the growth of the economy this is like demanding that babies be mulched and put into soil so that we can keep making more babies.
Soylent green.
It's evil. Economic growth must HIT ZERO AND STAY THERE
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Limiting growth by manipulation of currency by fraud means inflation & deflation which is evidence of theft . Any currency gold coin or paper or whatever will represent a debt sir, it always will, you fail the math & rudimentary logic by your absurd parable.
chotaboy66 9 months ago
@chotaboy66 Gold will NEVER represent a debt. it has intrinsic value, no markings required, only the atoms of gold. No backing by any faith or currency or person. Ever. It is of value because it is rare & does not rust. Period. That's it. It can not be a debt no matter how you pretend it. it is a valuable item to be consumed.
ytgv3fc7 9 months ago
@ytgv3fc7 Gold will NEVER represent a debt.
-
Yes but as soon as you turn that gold into a coin or currency it dose become a debt .
Furthermore one doesn't consume gold nor dose it depreciate ,so under MPE its put into the category of a collectors item ,it keeps its value & doesn't depreciate as such .The gold price will reflect its commercial use & demand as such as it is used in electronics etc.
You know your attacking me out of ignorance mate,MPE solves every one of your arguments .
chotaboy66 9 months ago
@chotaboy66 No, it doesn't. Gold has direct trade value & you just trade it. You don't let anyone else put a currency stamp to it nor assign a value. you just trade gold as-is for products as-is. MPE resolves nothing: all fiat is fraud. Things which don't depreciate aren't collectors items, they are money.
ytgv3fc7 8 months ago
@chotaboy66 1: Nope, JP Morgan is focusing on silver.
HSBC is focusing on gold. This is not causing a severe problem for many of us. Once the short-covering happens gold will go up massively. Even with the short-contracts there, gold is going up decently. It's holding value against other tangibles and against paper "money" (debt) very easily.
ytgv3fc7 9 months ago
@ytgv3fc7 1: Nope, JP Morgan is focusing on silver.
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Your ignorance fails you again silver is also finite and can be manipulated one only has to look at what the average Joe is doing to manipulate silver today , The gold gold has been suppressed ZOMBIE due to bank intervention ,one only has to look at how much the Rothschild's etc have stashed over the last century. Your own words fail you mate every time you comment.
chotaboy66 9 months ago
@chotaboy66 2: "people create money themselves by a promissory note"
NOPE.
Notes are not money. IOU notes are debt. Debt is not money.
Money can only be created by production. Goods are money.
Credit/Debt is bad for any money system and should never be treated as money. Debt/Credit is a contract which is not money, for an exchange which will involve money.
ytgv3fc7 9 months ago
@ytgv3fc7 2: "people create money themselves by a promissory note" NOPE.
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Your willful ignorance fails you once again.The borrowers promissory note has the only LAWFUL consideration of value,do your home work ,your assumptions are indeed incorrect.
Debt = Principal ONLY.How can people prosper & grow as a nation without personal debt,the 2nd grad math proves interest charged is terminal ,TODAY banks intervene on our commerce by fraud laundering the DEBT out of circulation on conception.
chotaboy66 9 months ago
@chotaboy66 These "laws" are frauds to be destroyed. Just as slavery once was the law. Promissory notes are fraud. We have had enough. I will have no more. I have NO assumptions, nothing to be invalidated. Only the facts. Debts that can't be repaid are the building block of fiat currencies - promissory notes - which must stop existing. They will be stopped. Charged interest CAN NEVER be terminal, merely currency can collapse which denominates such interest. You clearly fail to understand.
ytgv3fc7 8 months ago
@ytgv3fc7 If you fail to see the borrowers promissory note is backed by the value of property then you deny your self true representation of wealth.Charged interest is never created dummy so its laundered out of circulation by banks,Profit & interest are 2 entirely different things .PROFIT Is the money that already exists in the circulation BANKING INTEREST or USURY Is the taking or theft of UNEARNED profit that depletes circulation at someone else's demise through NO fault of there own MATE.
chotaboy66 8 months ago
@ytgv3fc7 . These "laws" are frauds to be destroyed. Just as slavery once was the law. Promissory notes are fraud
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Again I see is your twisted ignorance & logic .The " borrowers " promissory note (NOT A FIAT MONEY CHANGER PROMISSORY NOTE ) is the earliest form of trade mate " BARTER " under MPE the borrowers promissory note allows people to pay each other with an equal amount of represented wealth without perpetual increases in the costs of servicing an escalating sum of falsified debt.
chotaboy66 8 months ago
@chotaboy66 The gigantic misunderstanding you have is that debt is laundered OUT of circulation. IT IS NOT. Not ever. it is laundered INTO circulation. That is the fraud. Debt = INTEREST + PRINCIPAL ALWAYS. Never ever ever is debt your claim of principal only.
ytgv3fc7 8 months ago
@ytgv3fc7 Debt = INTEREST + PRINCIPAL ALWAYS. Never ever ever is debt your claim of principal only.
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WRONG Debt is an obligation to pay or perform something; liability or principal.A loan consists of an agreement to lend a principal sum for a fixed period,principal is the original amount of a debt where interest is calculated.What you purportedly repay to a bank is the ORIGINAL DEBT which is THE PRINCIPAL plus interest. I must profess AGAIN you have your logic twisted & back the front mate
chotaboy66 8 months ago
@ytgv3fc7 Then why borrow in the first place if you know this. Surely you borrow for something that you want, a car or a house or whatever. You borrow the money as you dont have it at all and you agree to pay an amount over a fixed period of time. I could not care less where the bank get their money from, all I know is that I need the money. I also know that I will owe the PRINCIPLE, which is the amount borrowed, plus INTERETS which is the cost of borrowing the PRINCIPLE of the fixed amount.
scobyobrien 8 months ago
@wasssuppp08 What the UK government has done is destroy the economy and then provide dole for the people whose futures they have destroyed. Its also gives dole to anyone as benefits over time psychologically destroy and trap the people receiving them making them dependent on the government. Its a form or Marxism, we see government involvement in every aspect of our lives, none of it beneficial.
hablerz 9 months ago 8
Great interview! I would love to see him as a regular guest. I want to learn more about Galt's Gulch.
ih8ronpaulh8ers 9 months ago
@jasrogg The fact that Steph is right about ANY of his information gives him credibility. How do you know he isn't and what do you think he's wrong about? Where do you get your facts? The truth is what we are looking for so it would please my curiosity to know your foundation of the facts?
nrgrus 9 months ago
On may 9th China gave the U.S an ultimatum that an invasion of Pakistani air space would be considered as an attack on China.
aghoranathi 9 months ago 5
@aghoranathi do you have a source? that's pretty crazy!
Cinemaguy2007 9 months ago
@Cinemaguy2007 Yes, an article on "the intel hub" news website. If you want me to find the title of the article for you I guess I would be happy to do that although, being a little lazy, I hope you can spot it quickly. :) Good hunting.
aghoranathi 9 months ago
@aghoranathi do you have a source? that's pretty crazy
Cinemaguy2007 9 months ago
@Cinemaguy2007 - It's not crazy at all. China and Pakistan have close ties. What's crazy is the USAs countless violations of Pakistan's sovereignty for 4 plus-years. The US said Pakistan didn't cooperate, yet the US hasn't cooperated with Pakistan for years and continues killing innocent civilians while the US officials call them Taliban, al Qaeda, militants, insurgents and "other bad guys and other malcontents" (VP Biden). The idiotic war on terror is evidence of total failure of diplomacy.
MiranUT 9 months ago
Too much spin and anticommunist and antianarchistic propaganda. Subbed out.
th3dig1tal0n3 9 months ago
This has been flagged as spam show
@th3dig1tal0n3 "Too much spin and anticommunist and antianarchistic propaganda. Subbed out"
News flash: it's all in YOUR head because you're already spun-up on false theories and propaganda.
You subbed out of reality and facts only, you chose poorly.
ytgv3fc7 9 months ago
@BluesdesJours : Normalcy Bias! That's what it was, thanks!
jberwick9 9 months ago
if people would just realize things would be great if we followed the non-agression principle? who doesn't realize that?! it's just a little easier said than done. There is a lot of intentional agression. If you get to assume that factor... well you havn't made a very realistic proposal as a result.
pyrrho314 9 months ago
orinically he sounds a bit like mr101nights
pyrrho314 9 months ago
i believe that the term the gent was looking for is normalcy bias
BluesdesJours 9 months ago
experiential speedup
LastReplaySC 9 months ago
AH! I heard "Goldfinger" mentioned. It's fun to re-watch that movie, and see the meeting with the treasury head--where we see that Britain is sending it's LICENSE TO KILL agent to do whatever is necessary to prevent Goldfinger from SMUGGLING gold, and thereby circumventing the British treasury's ARTIFICIALLY HIGH LEVEL for it's pound vs gold. They were ready to KILL ANYONE who would lessen their ability to control markets!
GetMeThere1 9 months ago
Great talk, nice to hear someone with a canadian accent saying something worth listening too.
Hashishin13 9 months ago
Equity213: If you Google this you will see a blog post where I point out how the US adheres to most of the main tenets of communism now. Google: "John Melloy, of CNBC's Fast Money, Possibly Stupidest Man Alive"
jberwick9 9 months ago
@jberwick9 I've just read the title "Gold’s Record Surge – a Rejection of Capitalism" oh ffs, I can already tell this article is going to leave a large palm print on my face.
frostyuk2007 9 months ago
23:25 Source (preferably government or academic) for "The Federal Reserve" owns/bought most of the U.S. bonds?
RodCornholio 9 months ago
@RodCornholio federalreserve gov/releases/h41/current
deadman12078 9 months ago
@deadman12078 THANK YOU!!!
Beyond reasonable doubt, and beyond any words I can use to describe...the U.S. government's economic policies are moronically insane.
RodCornholio 9 months ago
I'm in the UK and I cannot stand the idea of anarcho communism, the two words just don't seem to fit in the same sentence to me. The student riots indeed had nothing to do with anarchism, it was totalitarian socialism at best.
frostyuk2007 9 months ago
@frostyuk2007 'Anarcho - Communism' sounds like an oxymoron to me. I think Britain's socialist experiment needs to stop, it promotes failure and penalises success. Thats why you have the amazing scenario of the lowlifes reproducing and the more dynamic people not reproducing due to lack of funds, its madness. Our state school system is also dreadful , breeding homogenised mediocrities, no more excellence will come from England while this system is in place.
hablerz 9 months ago 2
@hablerz Well said!
frostyuk2007 9 months ago
@hablerz
Actually, the original, historical movement called Anarchism was Utopian communism. I think they have a much better claim to the name than we