"So, given the trends established during the past three decades,
with savings rates at 10% and growth no more than 1.5%,
[the $IMFS] is pushing us to a situation where wealth will
exceed six times GDP and the proportion of GDP that will be
going to those living off wealth (as opposed to wages) will
be at least one third. This is an unsustainable tendency that
operates like a time bomb in
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Confessions of an Erratic Marxist
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The Big Picture
Each day I spend an hour or two scanning the stories and memes that are circulating that day, and then maybe another hour thinking about how they fit into the big picture. Everything is, of course, connected, and aside from filtering out the nonsense and the noise, putting it all together into a single comprehensive and cohesive picture is, IMO, the only way to understand what is really
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The Golden Phoenix
This work started back in 1988, not long after the 87 crash.
Important people were asking some very serious questions
about the timeline of the world monetary system.
They expected a long term evolving report that would expand
ongoing events into a format of true life context.
I cannot offer the full report or its complete ongoing
analysis. But, the effort you have seen to date is one
of
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Metamorphosis Revisited
The very changes needed in our money universe, today,
would kill dollar demand by devaluing all dollar assets
in super higher gold prices. The debts and the dollars
would remain; only 90% of their current illusion of value
would vanish. Hyperinflation in prices of all wealth objects
will be the workout result of this process. As such,
opposing dollar political motive will force the US
to
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Death and Taxes
After operating on a fiat system for 20+ years people are starting to realize that the only thing that backs a currency is the real productive efforts of their people. Yes, over time we always borrow more than our productive efforts can pay back and proceed to crash the money system.
But what else is new? (smile)
We call this a money's "timeline" and it's as new an idea as life, death and
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Clean Float – Why the Dollar Must Collapse
For us, taking a long term view, it's easy to see beyond
the dollar's politically maintained currency value as
represented in exchange rates. Using the above part of
Mr. D's speech, one doesn't have to be very strategic
to dodge the coming US currency collapse.
-FOA
The purpose of this post is to further explain and define the "clean float" I have been implying since last June, and to show
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The Freegold Speakeasy
Date: Thu Apr 09 1998 19:22
ANOTHER (THOUGHTS!) ID#60253:
I wish you the blessing,
"to walk tall with wealth, for all your days",
"that one may complete the journey that is given
for all to travel". I do instruct "another" to
send my "thoughts" where "ears do not bite"!
-ANOTHER
Trail Guide (7/8/01; msg#: 57668)
I must go where "Ears do not bite"!
I'm back to discussing this in private
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Silver Dollar
At the very least, the first $10,000
of that figure would represent the current
purchasing power of the dollar today…
we will see that figure even as our economic
function drives all other hard money metals
into the toilet. I'm talking about .50 cent silver.
Yes we will see $50.00 silver in our time,,,,,,
$50.00 for a hundred ounce bar,,,,, that is!
Even if these actual dollar numbers
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Seven!
Seven is supposedly a special number. Seven days in the week, seven colors of the rainbow, seven notes of the musical scale, Seven Wonders of the World, seven dwarves, 007, 7-11 and so on. So surely there must be some kind of deep Freegold significance to this weekend, because today this blog turns seven! ;D Coincidentally, my hit counter turned all sevens right around the beginning of this
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Happy New Year!
2016
Year of the Fire Sale
"Buy what has value at the greatest discount
and wait for the politics of money
to price your new savings correctly"!
The politics of wealth today is centered
around gold bullion and only gold bullion:
that is where the wealth and power will be manifest:
this is where the gains will be!
Place as much of your wealth in physical gold
as your understanding
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The Debtors and the Savers 2016
This being the anniversary of the new Freegold Speakeasy, I wanted to write a post for both sites. And after taking stock of the current state of affairs, as well as the changes over the past year that led us to where we are today, an updated Debtors v. Savers post was the obvious choice.
What I'm talking about, well… there are a lot of things that happened over the past year, but I think the
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Eight!
Today is the eighth anniversary of this blog, but as you know, last year I moved most of my activity to a subscription blog called the Freegold Speakeasy. Anyone can join, and a subscription is only about 60 cents a day, but for those of you who don't, can't or just plain won't pay for this stuff, I'm going use this anniversary post to give you a little taste of what you've been missing. ;D
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Trump
For eight years on this blog, I did my best to avoid politics. Then, six months ago, in The Debtors and the Savers 2016, I took a turn for the political, with sub-headings like Peak Progressivism, Trump and Peak Absurdity. Here's a bit from the Trump section:
Progressives, “enlightened” academics, the media, and the mainstream political establishment all seem confounded by Trump’s popularity,
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Happy New Year!
2017
Year of Hope and Change
The day I began this blog, 8/23/08, was two days before the 2008 Democratic National Convention, which nominated then-senator Barack Obama on a platform of Hope and Change. (Coincidentally (and pretty funny now in hindsight), Obama won the most delegates, but Hillary won the popular vote!):
Twenty days from now, on January 20th, we'll be done with Obama's
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How Gold is Different
"The present world gold market negates the true value of gold
by removing the “real demand” that “gold settlement” creates!
Break the mechanics of this market and you will find that
gold is the most valuable currency in today’s currency arena.
Many investors, today think that the answer to this dilemma
is for traders to take delivery and cause a short squeeze.
My friend, in this arena,
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Money or Wealth?
"Gold is not money, not currency, not an investment, it is wealth."
-Another
_________
This is a repost from the Speakeasy:
There's been a lot in the news about money lately—negative interest rates, the war on cash, the dollar shortage, Venezuela's collapsing currency—and we use that word, money, to mean so many different things that it can be confusing, so I thought it was a good time for
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What is Freegold?
Four years ago, Freegoldtube made a video titled "What is Freegold?" It evolved out of a series of events that began with the stunning collapse in the price of gold, from $1,600 down to $1,380 in first half of April, 2013. That collapse caused Jim Sinclair to email me asking about Freegold, which caused him to then make some confusing posts on his own blog about Freegold, which caused Ein
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Nine!
Wow, I can hardly believe it's been nine years. Where the heck has the time gone, and where the heck is Freegold? ;D
A little more than two years ago, I changed format to an NFF (not-for-free) blog in order to keep me enthused and engaged, and more importantly, to keep out the trolls. I wished FOA had done that rather than quitting, so that's how I view it. I have hundreds of subscribers, and
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Happy New Year!
2018
Year of the POP
If you'd like to read "Year of the POP", I'm sure you can guess where it can be found. ;D
At the Speakeasy, we discuss things like bullion, bitcoin, bubbles, banking, and much much more. As I did in Nine, at the ninth anniversary of this blog, and back in May at the second anniversary of the new Speakeasy, I have started a new tradition of sharing samples from the
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Comex is a Side Show
A sideshow is a secondary production associated
with a circus, carnival, or other main attraction.
Gold is now caught in a crossfire of world thought.
The traders are viewing it as a commodity and trying to
make money on its moves using various paper trading vehicles.
Their opinion of the market is flawed because the
"real value buyers" would never deal with these people
or let anyone in
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