Hey Warren, been awhile since I have posted. Just want to say good stuff. I appreciate your work, insight and intentions. I really hope every person that reads about the truth can gather enough wisdom to lead their families through turbulent times ahead.
Gold will become a currency again just as it always has. Governments that debase their currency always end in disaster (debasing of currency today is done through fiat money).
Eventually the system crashes, people demand the government return to gold-based currency and things stabilize.
After the current generation dies off, the government and bankers re-introduce fiat money and the whole cycle of theft starts again.
I agree wholeheartedly, gold may very well have inherent and or associated geopolitical risk, not to mention the means of securing and managing it especially in any sort of barter situation in which all rule of law or even the facade of such has become broken or removed entirely. As you have pointed out Warren, perhaps copper in the form of pre 1982 pennies and current nickels may prove to be more recognizable, manageable and accepted.
I think there's the world's largest supply of oil near the Dead Sea. That's why all this desire for "the Holy Land" and all that nonsense religious bullshit and "keeping Israel safe."
I have taken what you said into consideration with regard to Buckminster Fuller, though I haven't read his book.
Gold as with any thing of value, wouldn't it be safe to simply define it's future and potential worth as to state It all boils down to Time,Trend and ultimately Confidence?
yes I understand your concern, and I thank you for your video, gold has withstood the test of time, However there have been times when gold was illegal, gold was worthless during WW2 in many situations, Food reighned supreme, so the question becomes , what to do in the event of a total system breakdown, I personally think its not going to happen, the modern system was built on Bull S , and will forever need to maintain the Bull to suceed, The Bull only gets thicker over time,
@safeinsuburbia never saw them.. I used to write for Jim Sinclair in 2003-4 timeframe however. as to permanence I would err on the side of impermanence.
I only bought gold last year, so I've missed the run-up in price over the past ten years. My main motivation was to potentially use it as collateral in case a hyperinflation drove the value of my house below the value of my mortgage. I read somewhere that real estate prices tend to collapse in a hyperinflation (at least that was the experience of Germany in the 1920s).
Any commodity without local useability might suffer value loss due to higher transportation costs. Maybe local choices would be fine scotch, liquor, etc... but practical skills, experience, problem solving, and critical thinking may prove more valuable in a crisis than stored commodities.
Damn it Warren, you got me reading all sorts of books. I just finished reading "Aftershock" by Wiedemer,,? And they say gold will be in a bubble, in ten years, after the other six bubbles pop. four of the six are being propped up, real estate, unemployment,commercial R.E. Discretionary spending. They are being propped up by the others Dollar printing and government debt. They say that the end is near, a currency swap. Send in your five and get a "new" one dollar bill for it. a five for one deal.
@huskerbird1 I think I said five to one a few weeks ago lol! Timing is very difficult to figure out trends are easier. I think Empire is what is propping up all the bubbles.
@wepollock You did, and they also mentioned that timing would be important. Watch the Euro go down, When it's taken a good beating it will be time to change your dollars for Euro's. They mentioned much of what you have been talking about. Most would read it and say it's an eye-opener, those of us who follow guys like you would say its more a "review" but a good one it is. They love gold. They also mention that of all the places in the world to be, Amerika is still goona suffer less.
What about other countries that use the US dollar? like Panama and Ecuador? Mike Maloney says that gold confiscation cannot happen because other countries use the US Dollar as currency and those countries would buy Gold using US Dollars
@elpatostark I could envision gold being used internationally as a settlement currency. Failed nations sometimes have more than one class of currency.. they have an international currency and an internal currency. My thinking is that you would have to duck and cover any laws pertaining to gold and also dodge through some exceptionally dangerous times. This presentation should raise more questions than answers. The key going into the near future will be the rule of law.
We all use currency to barter for items as this is the current system.
The change or wake up call will be when people prefer to accept and offer other payment forms for what ever they have for sale or wish to buy. Gold appears the first other option however it is not the only one. Gas water etc will all be a better forms of trade "WHEN" the global currency melt down hits average Joe. You can't eat gold lol but you will find more willing to trade you some food for some Gold rather then paper.
the word "currency" is not synonymous with "store of value". Currency has the bulk of its meaning within the sphere of "medium of exchange". "Store of value" function is related to the "moneyness" of things - many things have this moneyness, and currency has a part of it, but it is not its biggest part. Today debt is primarily used as a store of value, but it is very bad at it. This function of debt will transfer to gold, with digital currency maintaining its medium of exchange function.
Why do we need gold as currency? We have a crisis of debt, not currency. We need gold, but as a final arbiter of value outside of the monetary system. It has been sterilised, neutering it so that it can't perform its check & balance function. It is to this that we r returning, with the added evolutionary improvement of digital money 2 facilitate trade. Gold is coming back, but not how people think. It will be more akin to a Rembrandt, a (the ultimate) wealth reserve, but divisible & homogenous.
@maxdeniroAu Nobody talks about the idea of currency settlement.. To my knowledge I am the only one talking in that regard. Settlement is the key to any currency gold or otherwise.
@wepollock The conversation about the question of settlement has been going on for many years, first over at USAGold, then carried on at fofoa.blogspot. It was to this that I was referring when I mentioned the check and balance - gold acting as the natural brake and spur, as was mentioned by Rueff and Lamfalussy many decades ago. This is one of the central topics of discussion over at fofoa.
@maxdeniroAu Think about it.. There has been NO settlement between US and China or between the US and the Oil States for decades! Its the function of empire the has allowed the US the privilege of running deficits without settlement.
@wepollock You're preaching to the converted Warren. Go over to fofoa.blogspot and you will find exactly these topics have been analysed in depth and from every possible angle, using theory and primary source documents.
@wepollock please come and join in the conversation, you would be a very welcome addition. You will find the quality of discussion very stimulating I'm sure - it's not the average quagmire of fuzzy thinking and conspiracy theory that you find in most parts of the web.
@cpswyl2 same, FOFOA features the most in-depth, objective discussion on gold. goes very deep historically and philosophically. i don't see any of warren's ideas or understanding of the 'critical path' as contradictory to 'freegold' either. more that bridging the gap between a physical world overview and this comprehensive monetary system history/trajectory is where the future lies...
i live in chicago, it's so broke that city is using unethical ways to get money. i wrote a check for my business license renewal, yet the license never came, i forgot about it, then a city worker comes to my establishment and says i'm operating with an outdated license and fined me. i looked back my check records and the city cashed in my check but never set me a license. the city is so broke, they are squeezing the people every way they can.
The rule of law is protecting the people who created the law. Where is your MG Global money?
Like Mt St Helen, we see, more steam vents, an expanding mountain, warmer steams, and its a bright and beautiful sunny day---- all is well like the economy. When will it go off.?
Would love to hear your comments on selection of places overseas to move some money or gold or even yourself as society and the dollar breaks down in the U.S. Many of the Central American countries using our dollar have parallel currencies of their own they can siwtch to. I understand there is no T.I.A. with Belize and appears viable, I just dont know which firms to do business with.
@ClintfromNYtoVA notice that Kim Dot Com's assets are sized all around the world! Its getting harder and harder to move money internationally, its very hard to renounce US citizenship and to get yourself off the US Tax roles.. I would say the window has mostly closed...
@wepollock I did notice that. I noticed the recent T.I.A. with Panama also, but the elite will leave themselves an out and I believe it is the country I mentioned. I said nothing about renouncing citizenship, you actually lose the advantage if you do so. I have some concerns about the largest bank there. I do not believe they would consider the few who are willing to leave. The HIRE act will make it more difficult in Jun 2013 but will still allow a 50k transaction. The walls are closing in.
I read the other day that gold isn't produced in supernovas as once thought, but is only produced when two neutron stars collide, a fairly rare event.
Great presentation. The government will attack private holdings of gold eventually.
@1x93cm That is the key answer to a question two posts down. In one word its call integration. You can stockpile all the food fund and ammo you can (which would soften the initial blow) but longterm you rely on a global empire providing a chain of goods and services to your door. With the soviet collapse (those people were better prepared) lifespan when down from 65 to 57!
Warren I don't understand why aren't promoting Ron Paul more than you do. You are hitting on many of his keys principals, you have indicated you are political, yet you give Dr. Paul insignificant soft support in your videos. The man is courageous, knows what he is talking about, shares your views, incorruptible, would really shake up Washington! What's the problem? Why doesn't Ron Paul get much respect? Can you shed some light on this?
@wepollock the solution set will be outside the box.. the society you will be living in will either be the "Caves of Steel" North Korea Redux or Comprehensive Anticipatory Design Science.
@wepollock Ron Paul's movement and influence are much longer-termed than just this election. You are right about the Constitution and elections being long dead, but political movements are far from long-dead.
With all respect (and I mean that sincerely in your case), the "conspiracy theorists" are ahead of you again Warren - the answer they give your question is to buy guns ammo and food... not gold.
Can't get cigarettes in prison....but you can get most drugs that don't require flame...but I know what you mean. Maize was once an excellent currency. Durable. Measureable. Fungible. Rare (then---it came from America) divideable-- gotta be five...oh! edible!!
Gold will always be a store of value. The people will not hand it over as they did in the past.
Surly we are wiser today. I do agree with several points you made. We are NOT dealing with anything legitimate presently. The metals have their place-always will.
@RenegadeTimes for Americans we will be at the mercy of law; it will require that folks be very agile. When I was traveling behind the iron curtain it was clear that many people just ignored some laws; while some were victims of law, and others were the beneficiaries of law.
@wepollock Totally agree with what you have said here Warren. Often times when safe passage was needed it was offering gold that allowed people to move about. You're right barter can save one's life. History has proven it many times. A variety of items are desirable in a breakdown. Unprecedented applications are underway. How low this this can go no one can know.
@RenegadeTimes By edict of law, NAZI's pulled gold teeth from folks before they baked em.. Gold will transit this crisis but the key will be to hold on to it.
Hey Warren, been awhile since I have posted. Just want to say good stuff. I appreciate your work, insight and intentions. I really hope every person that reads about the truth can gather enough wisdom to lead their families through turbulent times ahead.
SamuraiCommando 3 weeks ago
Gold will become a currency again just as it always has. Governments that debase their currency always end in disaster (debasing of currency today is done through fiat money).
Eventually the system crashes, people demand the government return to gold-based currency and things stabilize.
After the current generation dies off, the government and bankers re-introduce fiat money and the whole cycle of theft starts again.
wilsomi4 4 weeks ago
here is where gold is coming from watch?v=9tSdRg9UkXM
opensala 4 weeks ago
How could a stock be used as currency?
whiskerchild 4 weeks ago
all I know is I made alot of money from gold this last few days :)
HalfQ 1 month ago
What if Uncle Sam has leased, loaned, ... the gold claimed to be in the N.Y. vaults? What would a default look like?
Garyscott7 1 month ago
I agree wholeheartedly, gold may very well have inherent and or associated geopolitical risk, not to mention the means of securing and managing it especially in any sort of barter situation in which all rule of law or even the facade of such has become broken or removed entirely. As you have pointed out Warren, perhaps copper in the form of pre 1982 pennies and current nickels may prove to be more recognizable, manageable and accepted.
ifyouseakaimee 1 month ago
I think there's the world's largest supply of oil near the Dead Sea. That's why all this desire for "the Holy Land" and all that nonsense religious bullshit and "keeping Israel safe."
I have taken what you said into consideration with regard to Buckminster Fuller, though I haven't read his book.
kroovyandcal 1 month ago
Gold as with any thing of value, wouldn't it be safe to simply define it's future and potential worth as to state It all boils down to Time,Trend and ultimately Confidence?
1betrman 1 month ago
yes I understand your concern, and I thank you for your video, gold has withstood the test of time, However there have been times when gold was illegal, gold was worthless during WW2 in many situations, Food reighned supreme, so the question becomes , what to do in the event of a total system breakdown, I personally think its not going to happen, the modern system was built on Bull S , and will forever need to maintain the Bull to suceed, The Bull only gets thicker over time,
desertgreek 1 month ago
As far as gold... there's always black markets.
ILLct 1 month ago
If the dollar loses all value, what is the value of gold?
NewAmericaNow 1 month ago
your not as free as you think you are.....
matteogsys 1 month ago 4
oil doesn't drive empire ......FIAT duz
look to Hamilton quote on empire and the need for a central bank
central bank is to FIAT what
Fiat is to derivatives
Gold in a crisis.. look to Argentina, the USSR,,,first hand accounts say its "as good as gold"
Property rights are an Illusion cross the IRS and see what happens no judge no jury
AKA Megaupload
a sign of things to come............the sheep think the farmer is there buddy right till,,,,,bang...
peace
matteogsys 1 month ago
"Past Performance is No Guarantee of Future Results"
"Not only can no one predict the future, we don't understand the present — and there isn't even any certainty about the past." ---Harry Browne
safeinsuburbia 1 month ago
Have you seen Harry Browne's "Permanent Portfolio"?
safeinsuburbia 1 month ago
@safeinsuburbia never saw them.. I used to write for Jim Sinclair in 2003-4 timeframe however. as to permanence I would err on the side of impermanence.
wepollock 1 month ago
I only bought gold last year, so I've missed the run-up in price over the past ten years. My main motivation was to potentially use it as collateral in case a hyperinflation drove the value of my house below the value of my mortgage. I read somewhere that real estate prices tend to collapse in a hyperinflation (at least that was the experience of Germany in the 1920s).
Ape65 1 month ago
Any commodity without local useability might suffer value loss due to higher transportation costs. Maybe local choices would be fine scotch, liquor, etc... but practical skills, experience, problem solving, and critical thinking may prove more valuable in a crisis than stored commodities.
ILLct 1 month ago
Damn it Warren, you got me reading all sorts of books. I just finished reading "Aftershock" by Wiedemer,,? And they say gold will be in a bubble, in ten years, after the other six bubbles pop. four of the six are being propped up, real estate, unemployment,commercial R.E. Discretionary spending. They are being propped up by the others Dollar printing and government debt. They say that the end is near, a currency swap. Send in your five and get a "new" one dollar bill for it. a five for one deal.
huskerbird1 1 month ago
@huskerbird1 I think I said five to one a few weeks ago lol! Timing is very difficult to figure out trends are easier. I think Empire is what is propping up all the bubbles.
wepollock 1 month ago 3
@wepollock You did, and they also mentioned that timing would be important. Watch the Euro go down, When it's taken a good beating it will be time to change your dollars for Euro's. They mentioned much of what you have been talking about. Most would read it and say it's an eye-opener, those of us who follow guys like you would say its more a "review" but a good one it is. They love gold. They also mention that of all the places in the world to be, Amerika is still goona suffer less.
huskerbird1 4 weeks ago
What about other countries that use the US dollar? like Panama and Ecuador? Mike Maloney says that gold confiscation cannot happen because other countries use the US Dollar as currency and those countries would buy Gold using US Dollars
elpatostark 1 month ago
@elpatostark I could envision gold being used internationally as a settlement currency. Failed nations sometimes have more than one class of currency.. they have an international currency and an internal currency. My thinking is that you would have to duck and cover any laws pertaining to gold and also dodge through some exceptionally dangerous times. This presentation should raise more questions than answers. The key going into the near future will be the rule of law.
wepollock 1 month ago
We all use currency to barter for items as this is the current system.
The change or wake up call will be when people prefer to accept and offer other payment forms for what ever they have for sale or wish to buy. Gold appears the first other option however it is not the only one. Gas water etc will all be a better forms of trade "WHEN" the global currency melt down hits average Joe. You can't eat gold lol but you will find more willing to trade you some food for some Gold rather then paper.
GuildF40 1 month ago
@GuildF40 good point
wepollock 1 month ago
gold is one of the only worthwhile insurances. it's not mandatory like most others, so it is easy to disparage it as unnecessary/relic.
IrradiateTheNWO 1 month ago
the word "currency" is not synonymous with "store of value". Currency has the bulk of its meaning within the sphere of "medium of exchange". "Store of value" function is related to the "moneyness" of things - many things have this moneyness, and currency has a part of it, but it is not its biggest part. Today debt is primarily used as a store of value, but it is very bad at it. This function of debt will transfer to gold, with digital currency maintaining its medium of exchange function.
maxdeniroAu 1 month ago
Why do we need gold as currency? We have a crisis of debt, not currency. We need gold, but as a final arbiter of value outside of the monetary system. It has been sterilised, neutering it so that it can't perform its check & balance function. It is to this that we r returning, with the added evolutionary improvement of digital money 2 facilitate trade. Gold is coming back, but not how people think. It will be more akin to a Rembrandt, a (the ultimate) wealth reserve, but divisible & homogenous.
maxdeniroAu 1 month ago 2
@maxdeniroAu Nobody talks about the idea of currency settlement.. To my knowledge I am the only one talking in that regard. Settlement is the key to any currency gold or otherwise.
wepollock 1 month ago
@wepollock The conversation about the question of settlement has been going on for many years, first over at USAGold, then carried on at fofoa.blogspot. It was to this that I was referring when I mentioned the check and balance - gold acting as the natural brake and spur, as was mentioned by Rueff and Lamfalussy many decades ago. This is one of the central topics of discussion over at fofoa.
maxdeniroAu 1 month ago
@maxdeniroAu Think about it.. There has been NO settlement between US and China or between the US and the Oil States for decades! Its the function of empire the has allowed the US the privilege of running deficits without settlement.
wepollock 1 month ago
@wepollock You're preaching to the converted Warren. Go over to fofoa.blogspot and you will find exactly these topics have been analysed in depth and from every possible angle, using theory and primary source documents.
maxdeniroAu 1 month ago
@wepollock please come and join in the conversation, you would be a very welcome addition. You will find the quality of discussion very stimulating I'm sure - it's not the average quagmire of fuzzy thinking and conspiracy theory that you find in most parts of the web.
maxdeniroAu 1 month ago
@wepollock If you read fofoa's post "Once Upon A Time" from September 2011, you'll get a good flavour of the discussion.
maxdeniroAu 1 month ago
@maxdeniroAu I too would be interested in Warrens input on this blog
cpswyl2 1 month ago
@cpswyl2 same, FOFOA features the most in-depth, objective discussion on gold. goes very deep historically and philosophically. i don't see any of warren's ideas or understanding of the 'critical path' as contradictory to 'freegold' either. more that bridging the gap between a physical world overview and this comprehensive monetary system history/trajectory is where the future lies...
MattyS54 1 month ago
@MattyS54 well said
cpswyl2 4 weeks ago
demographics .... gold ... rule of law ...
kileer7 1 month ago
Gordon recently published an article titled Why Are the Chinese Buying Record Quantities of Gold? It ties in nicely with your video Warren.
kileer7 1 month ago
@kileer7 Gordon Chang*
kileer7 1 month ago
i live in chicago, it's so broke that city is using unethical ways to get money. i wrote a check for my business license renewal, yet the license never came, i forgot about it, then a city worker comes to my establishment and says i'm operating with an outdated license and fined me. i looked back my check records and the city cashed in my check but never set me a license. the city is so broke, they are squeezing the people every way they can.
mrzack888 1 month ago
The rule of law is protecting the people who created the law. Where is your MG Global money?
Like Mt St Helen, we see, more steam vents, an expanding mountain, warmer steams, and its a bright and beautiful sunny day---- all is well like the economy. When will it go off.?
petsatcom 1 month ago
@petsatcom My money at MFG is being legally-stolen by the likes of JPM and Jon Corzine.
wepollock 1 month ago
Would love to hear your comments on selection of places overseas to move some money or gold or even yourself as society and the dollar breaks down in the U.S. Many of the Central American countries using our dollar have parallel currencies of their own they can siwtch to. I understand there is no T.I.A. with Belize and appears viable, I just dont know which firms to do business with.
ClintfromNYtoVA 1 month ago
@ClintfromNYtoVA notice that Kim Dot Com's assets are sized all around the world! Its getting harder and harder to move money internationally, its very hard to renounce US citizenship and to get yourself off the US Tax roles.. I would say the window has mostly closed...
wepollock 1 month ago
@wepollock I did notice that. I noticed the recent T.I.A. with Panama also, but the elite will leave themselves an out and I believe it is the country I mentioned. I said nothing about renouncing citizenship, you actually lose the advantage if you do so. I have some concerns about the largest bank there. I do not believe they would consider the few who are willing to leave. The HIRE act will make it more difficult in Jun 2013 but will still allow a 50k transaction. The walls are closing in.
ClintfromNYtoVA 1 month ago
I read the other day that gold isn't produced in supernovas as once thought, but is only produced when two neutron stars collide, a fairly rare event.
Great presentation. The government will attack private holdings of gold eventually.
mcgrawtim123 1 month ago
what is the value of food when the global trade/transport system breaks down
and we have terminator seeds
1x93cm 1 month ago
@1x93cm That is the key answer to a question two posts down. In one word its call integration. You can stockpile all the food fund and ammo you can (which would soften the initial blow) but longterm you rely on a global empire providing a chain of goods and services to your door. With the soviet collapse (those people were better prepared) lifespan when down from 65 to 57!
wepollock 1 month ago
Warren I don't understand why aren't promoting Ron Paul more than you do. You are hitting on many of his keys principals, you have indicated you are political, yet you give Dr. Paul insignificant soft support in your videos. The man is courageous, knows what he is talking about, shares your views, incorruptible, would really shake up Washington! What's the problem? Why doesn't Ron Paul get much respect? Can you shed some light on this?
online4now 1 month ago
@online4now ---- constitution=long dead... elections = long dead...
wepollock 1 month ago 2
@wepollock the solution set will be outside the box.. the society you will be living in will either be the "Caves of Steel" North Korea Redux or Comprehensive Anticipatory Design Science.
wepollock 1 month ago
@wepollock Ron Paul's movement and influence are much longer-termed than just this election. You are right about the Constitution and elections being long dead, but political movements are far from long-dead.
freesk8 1 month ago
With all respect (and I mean that sincerely in your case), the "conspiracy theorists" are ahead of you again Warren - the answer they give your question is to buy guns ammo and food... not gold.
jjcale1111 1 month ago
@jjcale1111 welcome to North Korea.
wepollock 1 month ago
Can't get cigarettes in prison....but you can get most drugs that don't require flame...but I know what you mean. Maize was once an excellent currency. Durable. Measureable. Fungible. Rare (then---it came from America) divideable-- gotta be five...oh! edible!!
idahosilverspelunker 1 month ago
Gold will always be a store of value. The people will not hand it over as they did in the past.
Surly we are wiser today. I do agree with several points you made. We are NOT dealing with anything legitimate presently. The metals have their place-always will.
RenegadeTimes 1 month ago
@RenegadeTimes for Americans we will be at the mercy of law; it will require that folks be very agile. When I was traveling behind the iron curtain it was clear that many people just ignored some laws; while some were victims of law, and others were the beneficiaries of law.
wepollock 1 month ago
@wepollock Totally agree with what you have said here Warren. Often times when safe passage was needed it was offering gold that allowed people to move about. You're right barter can save one's life. History has proven it many times. A variety of items are desirable in a breakdown. Unprecedented applications are underway. How low this this can go no one can know.
RenegadeTimes 1 month ago
@RenegadeTimes By edict of law, NAZI's pulled gold teeth from folks before they baked em.. Gold will transit this crisis but the key will be to hold on to it.
wepollock 1 month ago
@RenegadeTimes
Surely the individuals who believe digital currency is viable, are not wiser.
As those individuals who believed in paper, were fooled 70+ years ago.
The effect of both forms of currency, will readily display, who has chosen to be wise.
143DREWID 1 month ago
A lot of wealthy men went down with the Titanic. That is where America is today. Survival is priority number one.
cooeypig 1 month ago
Thanks for sharing Mr. Pollock! Great information :) I will share
Lebangyourhead 1 month ago