Several US states are considering legislation to reclassify gold and silver as money rather than commodities. Bills filed in Oklahoma and Missouri aim to eliminate state capital gains taxes on the sale of gold and silver, and to treat these metals as currency. Other states like Arkansas and Utah are also considering introducing similar legislation. The proposed laws also include provisions to authorize the state to invest in gold or silver and to prevent state entities from seizing gold or silver bullion.
These measures are seen as steps toward reducing barriers to using gold and silver as money and lowering the investment cost of precious metals. On the plus, gold and silver may be used in transactions without an additional fee. If I purchase something for $100, I am not charged an additional fee for using USD – but let’s not give the government any ideas. Proponents of the bill say the Federal Reserve has a monopoly on our banking system, and deeming precious metals legal tender would prevent the central bank from having total control over fiat currency.
Not so fast – the government will not relinquish their control over the monetary system. They have told us their plan for digital currencies and deeming gold and silver currency will only make it easier for the government to confiscate. The entire problem that people do not grasp with regard to any return to a gold standard is that if the money supply is FIXED in any way, that necessitates the collapse of SOCIALISM. The two are directly linked. Politicians only know how to run with deficits. “Vote for me and I will give you everything!”
The Bretton Woods gold standard collapsed because they FIXED the price of gold at $35, but they continued to print money far beyond the supply of gold at that fixed price. Then there is the largely ignored business cycle. No matter what the money might be, there will be boom times when the value of money declines and the asset values rise. There is a natural course of a business cycle to the economy you cannot flatline or eliminate no matter how many schemes you invent from central banks, Keynesianism, Monetarism, Socialism, or Communism. It just cannot be accomplished.
The problem is not the physical money we use. The problem is that governments continually abuse their power and recklessly dive deeper into debt with each new spending package. Bretton Woods collapsed, as did every attempt to create any monetary system of some fixed value. Yes, they are not considering a gold-backed system here, but deeming gold and silver legal tender misses the mark. Gold and silver were hedges AGAINST government. The people have been able to use commodities to trade amongst themselves since the dawn of civilization. This legislation permits the government to intervene and naturally impose regulations.
The year 2025 will bring a turning point in Marxism as we reach the midpoint of the 224-year cycle (1913-2025).
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TMobile now has the authority to read your personal text messages. The mobile provider quietly updated their terms of conditions to monitor SHAFT (sex, hate, alcohol, firearms, and tobacco). The list of questionable categories may now be monitored by the Cellular Telephone Industries Association (CITA) as we move closer to full totalitarianism.
Other companies, such as AT&T, have a long history of partnering with the US government to enable backdoor access into their systems. Warrants are no longer required for investigations as EVERYONE is seen as a potential criminal. Violations could come with a fine of up to $2,000.
The government has the moral authority to tell us what is considered “hate speech.” Conservatives will be targeted. As we have seen countless times in Biden’s America, anyone who questions his administration is censored, deplatformed, or fined. MAGA supporters have been deemed the most dangerous domestic terrorist group in the nation by the standing [often falling] president. Have an issue with vaccines or COVID? Planning to attend a rally for Trump’s re-election? Upset by the blatant sexualization of youth and dismantling of the family unit? Disagree with Bidenomics? Well, if you answered yes to any of these, you may be in violation of the law beginning on January 1, 2024.
This may be one of the largest abuses of power since the Patriot Act. Clearly, they are implementing this ahead of the 2024 US Presidential Election, as we will see massive civil unrest as we head into the new year.
The next war will be fought through technology as one can invade through the use of technology. We have seen hackers infiltrate foreign nation’s infrastructure in an attempt to disrupt water, electricity, or the power grid itself. However, a recent case involving a teenager shows that governments are still scrambling to determine how they will prosecute cyber criminals.
Arion Kurtaj is an 18-year-old man who joined the elite hacking group LAPSUS$. Now, this kid has a true talent for hacking. He managed to infiltrate Nvidia. He hacked into BT/EE (a mobile provider in the UK) and demanded a ransom of $4 million in crypto. While in police custody, Kuraj pulled off his final stunt by hacking into the gaming company Rockstar using a hotel TV, a cell phone, and an Amazon Firestick. Kurtaj proceeded to release clips of the highly anticipated but unreleased video game GTA6. Rockstar was forced to pay out $5 million in response.
Now, the UK authorities are claiming that he is no longer fit to remain in society. Kurtaj happens to have autism, so the judge in his case sentenced Kurtaj to LIFE in a mental institution. His entire life is over at 18 as they are grouping him in with the most dangerous members of our society. The psychiatrist in charge of his assessment said the young man “continued to express the intent to return to cybercrime as soon as possible. He is highly motivated.”
A life sentence in a mental institution for hacking is absolutely absurd. Rapists and murderers spend less time locked away. He is a thief, but labeling him a domestic terrorist is unwarranted. Governments are terrified of geniuses who can break into the system. I have no doubt that the UK will attempt to use this man for their own cyber warfare if they can force him to comply.
An enormous dark hole has opened up in the surface of the sun, emitting streams of unusually fast radiation, known as solar wind, right at Earth. The size of the temporary gap is wider than 60 Earths and extraordinary at this stage of the solar cycle. This phenomenon, known as a coronal hole, took shape near the sun’s equator on December 2 and reached its maximum width of around 497,000 miles (800,000 kilometers) within 24 hours. Since December 4, the solar void has been pointing directly at Earth. Experts initially predicted this most recent hole could spark a moderate geomagnetic storm that could trigger radio blackouts and strong auroral displays. Solar winds have been less intense than expected, so the resulting storm has only weakened.
For most of its history, science believed the sun’s output was constant. They finally realized that a thermal dynamic cycle beats like your heart so the sun could not exist without a steady outflow of energy. One degree less, and it would blow itself out. Hence, it is cyclical, rising and falling in intensity.
The eleven-year cycle in sunspots itself builds in intensity like the Economic Confidence Model (ECM), reaching “grand maxima” and “grand minima” over the course of 300 years. The last grand maximum peaked in 1958, after which the sun has been steadily quieting down. We have seen sun spot activity decrease at its steepest in 9,300 years, but the climate change zealots refuse to acknowledge naturally occurring cyclical weather patterns.
The last Maunder Minimum, during which the sun languished for seventy years, took place from 1645 to 1715 when the sun’s brightness declined and the number of sunspots collapsed. In fact, fewer than 50 sunspots were observed within a 28-year period. Parts of the world became so cold that the period was called the Little Ice Age, which lasted from about 1300 to 1850. Now, a Solar Minimum does not mean that the sun becomes colder, but rather, it changes. As sunspots fade away, we enter a Solar Minimum.
The media, owned and run by the globalists, continues to promote that we are in a period of a Solar Maximum that allegedly began in 2019. Yet there has been a decrease in sunspot activity since 2018. It is extremely rare for coronal holes to develop during a Maximum event. Furthermore, the scientists who are paid to produce studies that promote the green agenda never look at data beyond 1850.
Our model indicated we entered a Grand Minimum that overtook the sun beginning in 2020 and will last through the 2050s. This will result in diminished magnetism, infrequent sunspot production, and less ultraviolet (UV) radiation reaching Earth. This all means we are facing a global cooling period in the planet that may span 31 to 43 years.
According to the current single-dimensional analysis spewed by the climate change crowd, recently hot summers equate to global warming. They completely overlook volatility as we are in a period where the swings become more extreme. Just this week, my county in central Florida issued a weather alert for near-freezing temperatures. Last Christmas Eve, temperatures dropped to near-freezing conditions. In fact, much of my area is now considered sub-tropical rather than tropical, as overnight conditions occasionally freeze.
As the story is told, the “republicans” have the lowest amount of reserve cash on hand in the past seven years. However, as readers here are well aware, it’s not the republicans that are “running out of money,” it is the RNC Corporation that is running low on funds. These are two distinctly different things.
In the era of the great political awakening, the term “uniparty” has now become a well-known in conservative lexicon to describe our national political situation. The RNC and DNC are two private corporations that form each wing of the Uniparty vulture.
The RNC and DNC are private entities, private corporations, that manage the illusion of the two-party political system in the United States. The reality is that both corporations are funded by the same multinational donors.
The RNC and DNC are essentially private clubs, business entities that exist within a political system they create and control. In the era of Donald J Trump, this stark reality is now clear to almost every voter.
As a result, the RNC corporation does not receive most of its funding from the American electorate. The people have switched from funding the republican corporation, the RNC, to directly funding the individual republican candidates.
The people who control the RNC keep the illusion in place because they have no option; their entire business model is dependent on retaining a false premise. However, the people have moved on. The RNC is irrelevant to grassroots, small donors. Only the multinationals continue funding the RNC, which makes the candidate funding from the RNC an outcome of who the multinationals, hedge funds, and Wall Street billionaires choose to select.
The MAGA base does not fund the RNC, and in most instances the RNC funded candidates are antithetical to the objectives of the America-First movement. This inherent reality creates two types of Republicans, the RNC/Corporate republicans – beholden to the multinationals and millionaires, and the MAGA republicans who must serve the interests of the MAGA voters.
We are currently in this transitional phase, which is why we see the constant battle between the two distinct groups of republicans in DC.
Candidate President Donald Trump often is in a position of trying to connect the two disparate groups; however, recently there has been a more confrontational approach toward the corporate controlled republican politicians. This dynamic, conflict and inherent battle is what we call “The Big Ugly” and it must be waged in order to stop the historic illusion of choice being gamed by the RNC.
[Newsweek] – The amount of money that the Republican National Committee (RNC) had on hand for spending at the end of November was the lowest bank balance it has had at that point in any year since 2016, disclosures to the Federal Election Commission (FEC) show.
In a filing on Wednesday, the GOP governing body revealed it had $9.96 million to spend as of November 30, which is less than half what it had to work with when Donald Trump was contesting his first presidential election.
By comparison, the Democratic National Committee (DNC) reported cash on hand of over $20 million for the same day. Both parties’ committees have seen downward trends in funds they can draw upon since 2021, but the RNC’s balance has been around half that of its counterpart in the past two reporting periods.
[…] Oscar Brock, an RNC member from Tennessee, told the Post: “We’re going through the same efforts we always go through to raise money: the same donor meetings, retreats, digital advertising, direct mail. But the return is much lower this year. If you know the answer, I’d love to know it.” (read more)
Given the nature of corporate political structures, I suspect Kevin McCarthy will eventually replace Ronna McDaniel…
QUESTION: Why do you seem to be the only analyst who understands central banking? My son got an internship at one of the major banks in New York during the summer. I won’t say which bank, but he asked a senior-level guy there about you and the interest rates, explaining I had been following you for years. He said you were the only one with international experience and who has ever advised multiple central banks. Is that the answer?
PK
ANSWER: Perhaps in part. But there is a massive gap between the experience of those of us who have dealt at high levels internationally and domestic analysts who always seem wrong calling the shots based on the headlines they read.
The number one problem is this fiction that the dollar is a fiat currency when, in fact, currency from the beginning of time has ALWAYS been valued NOT by its pure metal content but by who issued it. There has historically always been a premium to the currency of the dominant economy.
When Cyrus the Great conquered Lydia, he continued to strike coins of their design because they were highly regarded in international trade. We see the same with Roman coinage imitated in India when they, too, could have issued their own designs, but the Roman coinage carried a premium.
Even when the Barbarians were on the Northern frontier of Rome, they too took silver and struck imitations of Roman coins because they were worth more than the metal content. In 260AD, when emperor Valerian the Persians captured me, there was a Financial Panic of 260AD where bankers suddenly did not know if Roman coins would still be worth anything when there was no emperor.
While everyone claimed hyperinflation would engulf the world because of Quantitative Easing (QE), I warned there would be no such inflation. Indeed, with QE, there was no inflation, and people then developed the Modern Monetary Theory, claiming that they could increase the money supply and it would not result in inflation.
The entire problem rests with the fact that these people not only did not understand the role of money but also failed to grasp international capital flows and how they play into the world economy. Because you can now buy US TBills and place them as collateral to trade with at a brokerage house, the debt is simply money that pays interest. BEFORE 1971, it was illegal to borrow against government bonds. For you see, if you could borrow against the bonds, that meant the bonds were part of the REAL money supply.
Once debt became cash that paid interest, that changed economics forever. I have said over and over again the Fed is NOT the problem, and it can not stop inflation with interest rates. The REAL money supply if the national debt, so if the Fed buys-in 30-year bonds and creates cash to do so, it is NOT increasing the money supply; it is increasing the liquidity – that is all. Swapping cash for bonds does not change the balance sheet. If you buy a house for $100,000 and pay cash, then you have merely converted your cash into an asset.
Now, it all depends upon the buyer. If I have a building and sell it to a fellow American for $10 million, it does NOT alter the domestic money supply. However, if I sell it to Brit, he brings in cash to buy the property, and that DOES INCREASE the money supply BECAUSE he has imported $10 million that did not previously exist within the domestic system.
This is a very complex topic that only those of us in international finance ever encountered. I helped the Japanese reduce their trade surplus for political reasons. I had them buy gold in New York, export it to London, and sell it there. The trade statistics only count dollars in and dollars out – not the product. Buying gold and exporting it reduced the trade deficit, and nobody understood anything.
I handled a lot of the takeover boys during the 1980s when they made the move about Wall Street. They never understood what I was doing. The stocker was way undervalued when you could buy a company, sell its assets, and double your money. I took it to another level. I ran the model on currencies, and we would then buy like all the Courage Pubs in England but borrow in Swiss in a currency that would decline against the asset. We were making 20% on the currency moves besides the asset values. I was restructuring companies selling assets in one currency to buy assets in another to create balance hedge portfolios. That’s how I became friends with Maggie Thatcher. She wanted to know who this guy was sending companies into Britain.
Maggie was one of the few world leaders who grasped what I was doing. She kept Britain out of the EU because she understood what and how I was restructuring multinational companies. They staged a coup against here to take the pound into the Euro, then Soros attacked the overvalued pound in the ERM, and John Major had to reverse the entire mess, making Soros very rich in the process.
I will get around to doing my memoirs. I understand what I was doing set the stage for the world economy post-1971 Bretton Woods. That’s why Milton Friedman bothered to listen to my lecture about currencies in Chicago.
Everywhere you look, there is this scheme to reduce farming, which will reduce population. That was the whole theory of Thomas Malthus (1766-1834) that the population would surpass the ability to grow food. That is the agenda. Wind generators or solar panels consume one-third of the farmland worldwide. This is what has inspired this thinking that we MUST reduce the population. War is a great tool for that, which is one reason they are pushing World War.
They insist that industrial agriculture, which is employed by the majority of the developed world, is creating climate change. The U.S. food system contributes nearly 20% of the nation’s carbon dioxide emissions. The Intergovernmental Panel on Climate Change (IPCC) says that agricultural land use contributes 12% of global greenhouse gas emissions. Then, they add the embodied energy required for industrial agriculture, and they claim this gets worse. The manufacture and use of pesticides and fertilizers, fuel and oil for tractors, equipment, trucking, and shipping, electricity for lighting, cooling, and heating, and emissions of carbon dioxide, methane, nitrous oxide, and every possible greenhouse gas they can think of, increases the impact up to between 25% to 30% which is the number used by John Kerry.
In other words, they want to reduce agriculture, shipping, refrigeration, air conditions, and turn off heat in the winter, and reduce the population by 30-40%, and maybe they would be satisfied. They get to impose their tyrannical policies with absolutely ZERO evidence to support their theory because they ignore that natural cycles have existed for millions of years. Climate has always changed. The temperatures have NOT exceeded historical norms. The data from NYC shows that we have NOT exceeded the highs of 1932 and the days of the Dust Bowl. The mainstream media only repeats what they are told and NEVER does any mainstream media dare to investigate anything.
Categories:AGRICULTURECLIMATE
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