Tag Archives: anti-Jew

Jun 5 2022

Neil Oliver, When You Accept That Modern Western Government Considers Citizens Their Enemy, Then All the Outcomes Make Sense


Posted originally on the conservative tree house on June 4, 2022 | Sundance

For his weekly monologue Neil Oliver hits on a subject very near and dear to the heart of CTH.  Mr. Oliver is making his acceptance known today, CTH has been making our acceptance of the reality known for over ten years; hence, the name “The Last Refuge.”  The bottom line, governments now represent corporate interests – not people.  The policy makers now consider the interests of the state, not the interests of the people.

Anyone who is still pretending, particularly post-COVID examples, that any western government is applying a principle of citizen representation to their policy is lying.  There are many people still pretending government is designed to represent the people; however, their pretense is based on their inability to cope with the alternative.  All around us are the signs showing traditional, representative, western government has collapsed.  We are in this weird place where we pretend it hasn’t.  WATCH:

[Transcript] – “If you cannot – simply cannot – understand what’s happening in this country and in the world now, I might have the explanation.

You may, at least until recently, have been labouring under the misapprehension that the State has your back – that those in power have your best interests at heart. Let me make it clear that I use the word State deliberately. These words are not directed solely at the Government, or even just Parliament – but at the whole edifice of those in positions of power – elected and not.

If like me you no longer believe the State has your back, it’s at least likely that you know, indeed are surrounded by, many that still do. You, or those around you, may still believe that decisions are being taken, plans set in place, by those at the top of the food chain, with a view to securing and perpetuating the world your ancestors worked for, in some cases gave their lives for. You or they may have thought that the indigenous culture of these islands, nurtured for a thousand years, was still held dear by those occupying positions of power and responsibility.

But no, as far as I’m concerned, that is no longer the case and hasn’t been the case for a good long while. Understand and accept this much, at least, and the otherwise bewildering sense of confusion goes away at once. It is such a relief.

So much of what is happening now – crashing economy; livelihoods destroyed; dismal care of physical and mental health; educations compromised or worse; a so-called green agenda prioritised at all costs and regardless of harms done by subsidies on bills – those subsidies that are the only, absolutely the only reason any private company ever raised a wind turbine, or invested in solar panels for British skies; VAT on fuel; spiralling costs of food and essentials; deliberately destructive setting aside of farmland and discouragement of farmers and farming as an industry in a time of global food insecurity.

Domestic and international travel made so problematic as to be hardly worth the bother; the looming prospect of digital IDs; the rise of digital currencies instead of money – all of these troubling realities and more – all of it makes sense once you apply the “Keep It Simple” principle.

What we are witnessing is no longer a State working to serve us and to protect our shared heritage, institutions, culture and way of life. Rather we are watching their deliberate destruction and dismantling ready for replacement with something else.

Many of those in place in our institutions – in government, in parliament, civil service, academia, even the Church – evidently loathe this country. It’s that simple. They loathe what this country has been; what, to some extent at least, it still is. Furthermore, they despise those who value what has been and who wish to see all of that conserved and handed on to future generations.

These islands are presided over now by idealogues committed to the wholesale demolition of what has been Britain and British, and its replacement with the product of some parasitic ideology shaped in their own image.

In times such as these, there is often an appetite for and calls for revolution. I would advise against such means. Revolutions are for the birds, always a disaster in the end. Revolutions devour their children, as a wise man said.

The preferable solution is to maintain all that is good, all that has served us well. Maintain the foundations of the old house and as much of the structure above as is still sound. Root out the rot and treat the woodworm, repair and replace what is broken, but keep as much as possible of what has stood the test of time, what has worked.

The bitter irony is that it appears that a revolution is indeed being planned – in fact has been long in the planning and is now being rolled out. In the past it was kings and nation states that feared revolution by the common people, the slaves. Now it is the State itself that is fomenting revolution, from within. The rot is at the core, at the heart. By contrast it is the people, we the people, who want the country and the culture and the heritage saved and who must therefore resist the State-sponsored revolution with all the strength we have.

We are told, by them, that pain is coming – and that that pain must be endured. Suddenly they’re all saying it at once, all over the world, yet another script parroted in unison – like Build Back Better – only worse. But that pain is for us alone, we the proles. Those with the money and power will glide above it all in their private jets, leaving in their wake contrails of CO2 that might as well scribble on the sky the message:

“Suck it up, peasants”.

They’ll push burgers made of bugs at us – while they sit down to Cote de Boeuf. We’ll have real pain and they’ll have champagne. We’ll have nothing. And they’ll be happy. Or so they like to think.

Again and again, I turn to the Keep It Simple philosophy – what some call Occam’s Razor. If it seems to make no sense that 30 million petrol and diesel cars might be replaced with electric alternatives powered by a non-existent infrastructure … that’s because the simpler explanation is that almost none of us are meant to have cars at all – electric or otherwise. If you wonder why in the US and here in Britain we are turning our backs on fracking and other sources of power under our feet and beneath our surrounding seas, it is because the intention is that we in the troublesome West should have much, much less energy available to us as ordinary people than before. The intention is not to go green. The intention is that we should go without.

As part of their revolution, the State is laying plans to hinder any protest or dissent. The so-called Online Safety Bill is nothing less than a whole new way to ensure the censorship and silencing of any who would challenge the hobbling of our rights and freedoms, our herding like cattle towards a digital slavery in which our every financial transaction, every communication, every movement, every meeting, every word, might be monitored in real time and also judged against a code of behaviour drafted by people we do not see and cannot know. We stand to be judged against standards set to curtail every aspect of our being and whenever it suits the State, we will be found wanting and punished as a consequence.

This is the weekend of the Platinum Jubilee. Jubilee is a word with an interesting back story. It has deep roots in the Hebrew word Jobel, which is a ram – or more specifically a trumpet made from a ram’s horn. In ancient times, thousands of years ago, the Jobel was sounded to announce the Year of Atonement – a regular event when all debts were written off, unconditionally and completely, thus freeing those who had been enslaved to rich people because they owed them money.

US economist Michael Hudson has written that as long ago as the time of the Assyrians, 4,000 years ago, it was understood that economies always became unstable, and ultimately collapsed, when too many people simply could not settle their debts to the rich, and through no fault of their own. The solution, understood and applied for thousands of years, was that periodically all debts had to be cancelled – this was a jubilee.

Jesus Christ understood the need to write off debt to save society. The older, Greek version of the Lord’s Prayer says, “forgive us our debts, as we forgive our debtors”. Only much later, when the Church had made it a matter of craven morality to repay every debt, were the words debts and debtors replaced with trespasses and trespassers. By then, the church was in cahoots with the rich. In his first sermon in the synagogue Jesus told the congregation he had come to bring a clean slate debt cancellation – what he called the Year of the Lord. This, the cancelling of otherwise unpayable debt to Rome and the Romans, was the basis of his message of hope to the downtrodden.

The economic mess we’re in now is not the fault of we, the little people, but of the banks and their ruinous recklessness in pursuit of obscene profit. In 2008 they got to write off their mistakes, with the help of eye watering amounts of taxpayers’ money, to cancel their debts. Those same banks don’t want to do the same for us, though. Far from it. The bankers and the rest of the super-rich elite want to foreclose on those in debt. When that happens, the rich elite will own everything, and we will own nothing. Sound familiar?

In this year of Jubilee, I would say we have a lot to learn from ancient wisdom – to remember that our ancestors knew the fight that mattered was to prevent the population falling into bondage to the elite, who wanted to own everything. I very much doubt that a jubilee for the people, an unconditional cancelling of all debt, is quite the great reset those of the elite have in mind. They need us to owe them, so that they own us. Bankers always say debts must always be paid, or there will be chaos. They would say that, wouldn’t they?

I’ve said it before and I’ll say it again – just because you’re paranoid doesn’t mean they’re not out to get you. This is the time of waking up and understanding that the state is not to be trusted – not anymore and not for a long time.

All of this is the stuff they used to call Conspiracy Theory. Call it as much if it blows your skirt up. I no longer care. In my book, those they call Conspiracy Theorists are more accurately described as the ones who saw it all coming.” (link)

Neil Oliver has picked up THE TRUMPET

“A Paradigm Shift is needed – Urgently.   It cannot be provided to you, you must develop it within your own mind – and you’d better do it quick; or you will lose.”   ~ Sundance 2012

Jun 5 2022

Biden Implies Ukraine May Need to Cede Territory to Russia During Negotiated Settlement


Posted originally on the conservative tree house on June 4, 2022 | sundance 

During press remarks yesterday, Joe Biden implied that Ukraine may need to cede territory in Eastern Ukraine to Russia as part of a “negotiated settlement.”

The statement came at the end of remarks centered around the May jobs report and Biden’s claim that U.S. consumers were in the best economic position of the past decade, therefore the government must begin increasing direct subsidies to offset energy costs and massive inflation pressure.  When Biden was asked, “does Ukraine have to cede territory to achieve some peace?” he stated:

[Transcript] – [F]rom the beginning, I’ve said and I’ve been — not everyone has agreed with me — nothing about Ukraine without Ukraine.  It’s their territory.  I’m not going to tell them what they should and shouldn’t do.

But it appears to me that, at some point along the line, there’s going to have to be a negotiated settlement here.  And what that entails, I don’t know.  I don’t think anybody knows at the time.

But in the meantime, we’re going to continue to put the — the Ukrainians in a position where they can defend themselves.  Thank you all so very much. (link)

It has been obvious from the outset that annexing Eastern Ukraine, the region containing a majority pro-Russia population, was always the intended objective of Russian aggression.  With Biden making this admission public, it raises the question then why did we agree to send $40 billion?

Russia’s hold on the Eastern Ukraine Donbas region is now essentially complete.  This is the area that had been in a state of civil war since 2008, and the Russian annexation would essentially bring that conflict to an end.

Any Ukraine-Russia negotiation would come down to Ukraine acquiescing to the territory already lost.  It’s not like Russia is going to give it back.  The “negotiated settlement” amounts to the Ukraine and western NATO alliance admitting Russia has accomplished its intended objective.

It seems doubtful that Joe Biden sought approval from the U.S. State Dept, CIA and Senate Foreign Relations Committee, specifically those who are conducting this proxy war, prior to this statement.

Remarks at 18:13 of video. WATCH:

Jun 4 2022

WEF Praises Quiet Lockdowns


Armstrong Economics Blog/Tyranny Re-Posted Jun 4, 2022 by Martin Armstrong

In a deleted video posted on the World Economic Forum’s website, the group praised the lockdowns for offering a quiet atmosphere.

The dystopian post-apocalyptic setting certainly seemed quiet at times. Here is what the latest lockdown sounded like in Shanghai for those who have already forgotten:

https://rumble.com/embed/vxsuhy/?pub=4#?secret=6bzhrA33L3

Jun 2 2022

Is Russia on the Defensive?


Armstrong Economics Blog/War Re-Posted Jun 2, 2022 by Martin Armstrong

Kremlin spokesman Dmitry Peskov is warning the US that they have become instigators in the Russia-Ukraine war. “We believe that the U.S. is deliberately pouring oil on the fire. The U.S. is obviously holding the line that it will fight Russia to the last Ukrainian,” Peskov recently told reporters, according to Reuters.

Peskov’s warning comes shortly after Russia deemed most “unfriendly” nations as “hostile,” and with good cause. In an interview with PBS, Peskov said that President Biden’s suggestion to remove Putin from power was taken as a personal insult as the people of Russia, not the president of a foreign nation, determine Russian leadership.

Peskov speaks clearly and confidently; he does not seem like a madman hell-bent on war. In fact, he stated that Russia never wanted war. For decades, Russia has told the West that they are “afraid of NATO” moving closer into their territory. “Please take care of it and do not push us into the corner,” the Kremlin spokesman explained. In Russia’s eyes, they are on the defensive. Putin strictly warned other nations not to interfere in Russia-Ukraine relations. Peskov now states that the West, not Ukraine, is “leading the war against us.”

As for the claim that Russia will launch nukes, Peskov made it clear that Russia has no plans to do so, but would under an existential threat. He clarified that the “existence of the state” and “special military operations in Ukraine” have nothing to do with one another. Ukraine certainly cannot back Russia in a corner to which it feels it must implode its way out, but the West does and is pushing that boundary daily.

Jun 2 2022

Americans Blame Biden for Inflation


Armstrong Economics Blog/Inflation Re-Posted Jun 2, 2022 by Martin Armstrong

Unfortunately for Biden, the Great Unwashed is not gullible enough to accept his explanation that Putin is to blame for inflation. A Convention of States Action/Trafalgar Group survey found that most respondents (59.9%) believe Biden’s policies are the “leading contributor” to rising prices. Around 87.9% of Republicans and 61.1% of Independents cited Biden as the leading culprit, while only 55.2% of Democrats were ready to admit that Biden is destroying the economy.

Biden insists the American Rescue Plan and vast overseas donations did not contribute to inflation. He insists preventing America from being energy independent did not contribute to inflation. Even his own Treasury Secretary Janet Yellen cannot stand by these lies. Yellen insisted in March 2021 that inflation posed a “small risk” for America. In May 2021, Yellen said inflation would not become a problem. Then the $1.9 trillion American Rescue Plan was signed into law. Biden eliminated oil permits and allowed ports to clog.

This Tuesday, Yellen finally admitted she and the Biden Administration were wrong about inflation. “As I mentioned, there have been unanticipated and large shocks to the economy that boosted energy and food prices, and supply bottlenecks, that have affected our economy badly that I, at the time, didn’t fully understand,” Yellen told CNN. “But we recognize that now.”

Although they recognize the issue, there is no plan in place to implement policies to ease inflation. Upon meeting with Fed Chair Powell, Biden simply said that it is the Fed’s place to solve the crisis he created. “My plan to address inflation starts with a simple proposition: Respect the Fed. Respect the Fed’s independence,” Biden said. Since the Fed is independent of the government, he has no choice but to “respect the Fed’s independence.”

Jun 2 2022

More Pretending, Treasury Secretary Janet Yellen Pretends She Got It Wrong on Inflation, She Did Not


Posted originally on the conservative tree house on June 2, 2022 | Sundance 

Treasury Secretary Janet Yellen has more financial and analytical resources at her fingertips than thousand hedge funds combined. When Secretary Yellen claims today that she “got it wrong” about inflation, what she is doing is continuing the game of pretending; she’s positioning the administration as incompetent, not deliberate.

The illusion of incompetence plays into the scheme of hiding the fact the administration is working through a purposeful strategy. In the game of pretending; and under the current circumstances; it is better to be seen as incompetent than recognized as working with malicious intent.  This is the illusion behind Joe Biden’s usefulness.

This is also the organized pretending game within DC that too few people will accept or admit. The Treasury Secretary and Federal Reserve Chairman are not making mistakes, they are working on a specific agenda and economic plan. Federal Reserve Chairman Jerome Powell was not late to raise interest rates, he waited on purpose. He waited for the political reason of waiting until the triggered 2021 inflation spike cycled through the full calendar year.

These are not monetary policy leaders making monetary policy mistakes. These are monetary policy political ideologues, carrying out a political agenda within the U.S. economy. This is part of what National Economic Council Chairman Brian Deese would call the “economic transition.” WATCH this through the correct prism:

Jun 2 2022

Ramstein Airforce Base Cancels Drag Queen Story Time Despite USAF and U.S. Marines Celebrating LBGTQ Pride Month


Posted originally on the conservative tree house on June 1, 2022 | Sundance

Comrades, if you were hoping to take the kids to the Drag Queen Story time at Ramstein Airforce base tomorrow in celebration of global Pride Month, unfortunately the 86th Airlift Wing has cancelled the event.

After initially telling everyone, “We’re celebrating Pride Month at the Ramstein Library with Drag Queen Storytime! Be sure to wear your brightest and most colorful outfits!,” apparently, the chief of public affairs, Lt. Col. Will Powell, now says the event did not go through the vetting process prior to the announcement.

According to the Washington Examiner: “The controversial event comes amid a growing ideological divide among liberals and conservatives about how and who should be teaching children about sexuality.

Conservatives have argued that these lessons should be left up to the parents, while some liberals in educational settings have begun teaching children about these topics according to their own views, at times without parental consent.” (more)

However, comrade binaries, all is not lost.  The United States Marines and the United States Airforce are putting their best boots forward and promoting inclusive wokeism as part of a new military outlook under the new leadership of a more progressive -and sensitive- commander in chief.

With additional military forward deployment and support for Ukraine President Volodymyr Zelenskyy, a male pronoun comfortable in stilettos, the enlightened coalition will soon arrive in the rainbow fields of Ukraine to combat the horribly patriarchal Russian advancement.

The U.S. Marines are well positioned in the cultural battlespace as noted by their announcement earlier today:

The pesky Russians don’t stand a chance against a well choreographed advance reconnaissance team.  The few and very proud, with a well trained twerking division of soldiers ready to bare it all in defense of our allies, are practicing their line-dance formations as we speak.

Joint Chiefs’ Chair Mark Milley has assured Defense Secretary Austin that our fabulous troops will be well protected.  The angels on their shoulders have triggered rainbow air support.

Dear leader has yet to announce who will be bringing up the rear; however, we suspect the U.S. army will rise to the occasion.

Be afraid President Putin and Chairman Xi… be very afraid! 

…The loss of the Donbas is merely a flesh wound.

Jun 1 2022

Joe Biden Says He Welcomes Advice from New Zealand Prime Minister Jacinda Ardern on How to Structure Firearm Restrictions and Force Climate Change Energy Policy


Posted originally on the conservative tree house on May 31, 2022 | Sundance

Joe Biden sought counsel today from New Zealand Prime Minister Jacinda Ardern about how best to remove firearms from Americans and force the U.S. economy to a dependency on renewable energy.   Prime Minister Ardern took the top spot in the global progressive movement after the retirement of German Chancellor Angela Merkel.

PM Ardern, a remarkable smiley-faced fascist, now represents the face of modern global leftism and boned-up her progressive bona fides with the totalitarian New Zealand COVID policy.  The corporate fascists within the World Economic Forum love the government compliance model represented by Ardern to the collective global society they are creating.

New Zealand has a population of 5 million people, and a GDP of $205 billion (about the same as Nevada).  By comparison the U.S. has a population exceeding 350 million and a GDP exceeding $21 trillion. That said, during their White House meeting today, Joe Biden emphasized that he welcomes the assistance of PM Ardern in helping to guide U.S. efforts for firearm regulation and a comprehensive climate change driven renewable energy economy.

[Transcript] – […]  You understand that your leadership has taken on a critical role in this global stage — and it really has — galvanizing action on climate change; the global effort to curb violence, extremism, and online, like happened in Christchurch.

And — you know, we want to be — I want to work with you on that effort.  And I want to talk to you about what those conversations were like, if you’re willing.

The United States is, you know — it’s just been — there’s a — there’s an expression by an Irish poet that says, “Too long a suffering makes a stone of the heart.”  Well, there’s an awful lot of suffering.  We’ve been — I — I’ve been to more mass shooting aftermaths than, I think, any President in American history, unfortunately.  And it’s — it’s just — so much of it is — much of it is preventable, and the devastation is — is amazing. 

Yesterday — or not — the day before, I was up — I was down in Texas.  And people sat in a room — about 250 of them in a large room — with me for almost four hours.  Not — nobody left.  They waited until aft- — until I spoke to every single person in that room.  Every single person, they waited to the very end.  And the — they — the pain is palpable. 

And you’ve been one of our closest partners with a long history and friendship.  Eighty years ago, Marines landed in New Zealand before embarking on — into the Pacific Theater in World War Two.  And I think I told you, when I met my — my — two of my mother’s brothers who were in the Pacific — they used to be able to deploy at the same time in those days, in World War Two.  And one was shot down in New Guinea.  And they never found the body.  But it’s — you know, it’s — the history goes back a long way — a long way.

And I want to, by the way, recognize New Zealand’s significant support for Ukraine, as a lot of Indo-Pacific countries are doing now.  And — because this is more than just a regional war going on.  

So, I look forward to our conversations today.  We have a lot to talk about.  And I’m really, really delighted to have you here — really.

PRIME MINISTER ARDERN:  Thank you.  And can I say, Mr. President, thank you, so much — so much —

PRESIDENT BIDEN:  You — you can do anything you want.

PRIME MINISTER ARDERN:  Great.  (Laughs.)  Thank you.  And we really welcome this opportunity.

As you’ve said, we’ve spoken on several occasions.  And what stood out to me on both those occasions were we traversed such similar issues, and not — not least, of course, our shared history.  

You speak of your uncle’s service in the Pacific; my grandfather served in the Pacific.  And I think that speaks to the personal connection but also the depth of our friendship and relationship as two countries.  

We are in an incredibly difficult international environment.  But also, domestically, it is extraordinarily challenging as well.  And can I bring the sincere condolences of the people of Aotearoa New Zealand for what you have experienced in Texas and in New York?  And it’s been devastating to see the impact on those communities.

Our experience, of course, in this regard, is our own.  But if there’s anything that we can share that would be of any value, we are here to share it.

PRESIDENT BIDEN:  Well, the work you’re doing with tech companies is really important, and I want —

PRIME MINISTER ARDERN:  Absolutely.

PRESIDENT BIDEN:  — to work with you there as well. 

PRIME MINISTER ARDERN:  And I absolutely look forward to updating you on some of the conversations we’ve had this week because I hold hope that we can make progress.  

I also wanted just to acknowledge your leadership in bringing to the table the Indo-Pacific Economic Framework.  And whilst, of course, we are significant advocates for the CPTPP, the IPEF presents a significant opportunity to build the economic resilience of our region.  So, I look forward to having a bit of a discussion about that opportunity as well.

I also want to acknowledge your significant leadership on Ukraine and how important that has been not only to us as we’ve looked to play a role as well, but globally as we look to make sure that we strengthen the international response to what is a threat to our values and, of course, the territorial sovereignty of Ukraine.

I do want to finish on a note of optimism.  Climate change also is one of the greatest threats that we face.  And I believe that, in you, not only have we seen the leadership but the opportunity that exists between our nations to work together on this incredibly difficult issue that will only be resolved if we work together.

So, thank you.  With — as you’ve seen, we’ve got a lot to discuss, so —

PRESIDENT BIDEN:  We’ve got a lot to do.  And I want to emphasize the last point you made: “working together.”

PRIME MINISTER ARDERN:  Absolutely.

PRESIDENT BIDEN:  We are not coming to dictate or lay down the law.  We —

PRIME MINISTER ARDERN:  Yeah.

PRESIDENT BIDEN:  — we have more work to do in those Pacific Islands as well.  I mean, we’ve — and so, we talked at length about — in the past about my trip to Japan and Korea and then dealing with the Quad.  And so — but I think there’s a lot of opportunity —

PRIME MINISTER ARDERN:  Yeah, I agree.

PRESIDENT BIDEN:  — to make the world safer and deal with the environment. 

PRIME MINISTER ARDERN:  I agree.  I agree.  So, thank you.

PRESIDENT BIDEN:  Thank you.

Thank you all very much.

Q    Mr. President, will you meet with Senator McConnell on guns? 

PRESIDENT BIDEN:  I will meet with the Congress on guns.  I promise you.

{Transcript End}

May 31 2022

Canadian Prime Minister Justin Trudeau Announces New Gun Control Legislation to Stop the Buying, Selling, and Transferring of Handguns Within the Country


Posted originally on the conservative tree house on Posted May 30, 2022

Today, Canadian Prime Minister Justin Trudeau has announced new legislation to freeze gun ownership in the country and block any further ownership. [Gov Statement Here] It certainly was a short trip from confiscating and seizing the bank accounts/assets of his political opposition, to removing guns from Canadian citizens.

Trudeau held a press conference to announce the new legislative measures which include “red flag” laws, and blocks on any further handgun sales.  Recap Video WATCH:

The details are HERE.

(Twitter Link – Link to Legislation)

May 30 2022

The Endless Propaganda Behind the Dollar


Armstrong Economics Blog/Basic Concepts Re-Posted May 30, 2022 by Martin Armstrong

QUESTION: Marty; the gold propaganda is increasing dramatically. They are now claiming there are five signs that say the dollar will collapse any day now.

  • Warning Sign #1: Russia Sanctions Prove Dollar Reserves “Aren’t Really Money”
  • Warning Sign #2: Rubles, Gold, and Bitcoin for Gas, Oil, and Other Commodities
  • Warning Sign #3: The Petrodollar System Flirts With Collapse
  • Warning Sign #4: Out of Control Money Printing and Record Price Increases
  • Warning Sign #5: Fed Chair Admits Dollar Supremacy Is Dead

My friend flew in from Brazil and they pulled her over and checked all her jewelry. I think you had said they were doing that in Italy last year. This was New York at JFK. Cryptocurrency is not currency and selling oil in Bitcoin which is crashing makes no sense when it too is not backed by anything. These are the same old claims for the last 20 years that I can remember. Their solution is always – buy, buy, buy gold. My question is if they are now pulling you over for jewelry when you travel, gold has underperformed for 30 years compared to stocks and even the dollar. Will gold even survive in this crazy world?

Thank you for always being the voice of reason

WK

ANSWER: These ideas and claims are old and never change. For years they claimed the dollar was only the reserve currency because of oil, yet oil as a percent of the world economy was at best 5%. Then the claimed Bitcoin would replace the dollar as the reserve currency. That was just another scam and based on this same old theory of the Quantity of Money that dates back to Gresham’s Law. That theory is so dead it’s crazy, but it is like one of those Zombie movies that it keeps coming back to life.

Gresham advised Queen Elizabeth based on the debasement he saw in the coinage by her father Henry VIII. He was debasing his currency because Spain was doing that and he thought it was a way to create free money. The French did that during the 13th century by altering the silver to gold ratio which blew up the financial system in Italy and ended many banking houses. Those who base their entire theory on this period TOTALLY fail to grasp the context of the period.

There was NO Reserve Currency. All the currencies of various nations traded on the first currency exchange which was Amsterdam. They traded against each other ENTIRELY on the metal content. That is what determined the value of their currency.

Coming out of the Dark Ages, the first coin to actually attain a universal acceptable which was the first stage of a reserve currency was the gold florin of Florence, Italy. This was made possible by the rise of Italian banking and the Medici there in Florence. Other countries imitated the florin for it was accepted as the standard.

Imitations of the universally accepted currency took place with the Athenian Owls, the tetradrachm of Alexander the Great, and then the Roman silver Denarius and gold Aureus. The strongest economic power saw its currency become dominant in the world so others issued coins imitating them because a Roman gold aureus carried a premium over just a plain lump of gold. Egypt never even issued coins until they were conquered by Alexander the Great yet to facilitate trade, they issued imitation silver Athenian Owls, which were really the first established world currency.

However, I have warned that analysis has two approaches. First, you start with a theory and then cherry-pick the fact to support your theory as they are doing in Climate Change. There, they ignore all the data prior to 1850 and only attribute the warming since the last Little Ice Age to the Industrial Revolution.

They took a natural cycle oscillating back up which is when economic expansion always takes place historically, They then attributed that to fossil fuels and ignored the entire natural history of the earth. This has been used solely to justify creating their one-world government because no single nation can defeat global warming.

Here we have the front cover of Time Magazine predicting climate change back to an ice age. That was dated January 31, 1977 corresponding to the sharp spike down into a negative Arctic Oscillation in 1977. In the April 28, 1975 edition of Newsweek, they actually proposed solutions for climate change that included outlawing internal combustion engines.

This is when Al Gore came to the rescue. Just like the poles flip on the sun every 11 years, Al Gore flipped the argument from manmade cooling to manmade warming to save the end goal — eliminating all fossil fuels regardless of the evidence. Who needs science when you can just make up the studies and cherry-pick the facts to support whatever you want. They have done that very same exercise with this forecast centered on gold and how the dollar will collapse all because of fiat, which every currency has been from day one when Lydia first created coins and declare their value which was always in excess of the metal content.

Even the propaganda of the Petrodollar has been mind-blowing. Unbeknownst to these people who push that theory, they are clueless about the truth behind what really took place during the 1970s. In 1976, the US and Saudi Arabia colluded to force down oil prices, which inadvertently set in motion a financial crisis in Iran that destabilized that economy and undermined the Shah’s hold on power. These facts have surfaced from declassified documents of Brent Scowcroft who worked in both the Nixon and Ford White House Administrations. Their attempt to manipulate the price of oil downward created the Iranian Revolution. The religious faction used the decline in oil and the economic recession to overthrow the Shah. OOPS!

This strange theory that the dollar is supported by oil just does not hold up. Even when we just compare the highs and lows between the dollar and oil, it does not hold up. In 2008, the dollar bottomed against the Euro but oil peaked. The dollar bottomed in 2016 but crude bottomed in 2020. The high in the dollar in 1985 coincided with the 1986 low in crude. Like global warming, they focus on just one aspect and ignore the fact that the dollar has NEVER been canceled and that it has become the world reserve currency because of that fact, plus it is the dominant economy just as Rome, Athen, and Macedonia in their times.

Emerging markets before World War I issued debt in British pounds. After World War II and all the capital fled to America because tanks were rolling down the streets in Europe, Emerging markets issue their debt in dollars – no longer British pounds. These people focus only on gold, the quantity of money, and old dead theories of Petrodollars, and totally ignore the fact that the United States has the largest consumer-based economy in the world. That is how China, Japan, and Germany have all risen from the ashes without gold reserves. They were export-oriented economies selling products to Americans. None of these theories ever mattered and that is why you have heard the same story since 1971 and everyone who followed that forecast has lost a fortune in everything else.

The definition of Fiat Currency is highly prejudiced. Investopedia says:

“Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it. Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies.”

Britannica says:

“fiat money, in a broad sense, all kinds of money that are made legal tender by a government decree or fiat. The term is, however, usually reserved for legal-tender paper money or coins that have face values far exceeding their commodity values and are not redeemable in gold or silver.”

Before coins, even the Bible stated that in Genesis 23:16: “Abraham agreed to Ephron’s terms and weighed out for him the price he had named in the hearing of the Hittites: four hundred shekels of silver, according to the weight current among the merchants.” The very first this that took place was that there was an agreement on the standardization of weight.

Therefore, it was in Lydia that the king began to stamp his symbol on these standardized denominations. He effectively took over the creation of money. The value he set was over and above the previous raw value of the metal. Thus, this became fiat which coin collectors call “seignorage” the profit over and above the metal content.

When war broke out, Lydia was the first to debase the currency maintaining the value but reducing the weight. This idea that if the money is gold somehow makes the system honest, is nothing but propaganda.

Even under a gold standard, there were periods of inflation and deflation. Read the history of the California Gold Rush. During the 1849 Gold Rush in California, the journalist for the New York Tribune, Bayard Taylor (1825-1878), arrived in San Francisco by ship during the summer of 1849. He was shocked at what he encountered and did not think that anyone would even believe what he was going to write. His dispatches about the gold rush economy in California stunned many and helped to create the 1849 Gold Rush. The average wage for a laborer in New York was about one or two dollars a day. In California, individual hotel rooms were rented to professional gamblers for upwards of $10,000 a month, which is the equivalent of about $300,000 today. The degree of inflation in terms of gold was astounding and lacks comparison in modern times. There was so much gold, that the value of goods rose even though they did not in New York. The inflation phenomenon was local.

Gold became so common; they were even striking $50 gold coins in California when $20 was the highest denomination elsewhere and $1-dollar coins down to 25 cents all in gold. Eventually, there were $1 gold coins minted in the United States for general circulation throughout the USA. Indeed, Taylor wrote:

“[One] citizen of San Francisco died insolvent to the amount of forty-one thousand dollars the previous autumn. His administrators were delayed in settling his affairs and his real estate advanced so rapidly in value meantime that after his debts were paid, his heirs had a yearly income of $40,000 [$1.2 million today].

“These facts were indubitably attested; everyone believed them, yet hearing them talked of daily, as matters of course, one at first could not help feeling as
if he had been eating ‘of the insane root.’”

As far as fiat is concerned, the true definition is when the value of a currency is declared by the government which is all money even if it is made of gold or silver. Here are two silver dollars issued in 1873. The domestic silver dollar standard was taking 70 cents worth of silver and calling it one dollar with a weight of 26.73 grams. Simultaneously, that was not recognized in Asia so they issue a Trade Dollar for external use with a weight of 27.22 grams. The value of the metal is solely based upon the decree of the government. By the 1890s, the United States had flooded the world with silver which resulted in the Panic of 1893. By then, the value of the silver was perhaps 60 cents they were calling a dollar.

These people often confuse FRAUD with the monetary system. Sweden is the oldest Central Bank. That is where the fraud all began. The first true banknotes for circulation appeared in Sweden, and these were actually used by the government to support its wars with Germany. In 1661, the government established a 30-year monopoly for its Stockholm Banco to issue these banknotes known as “letters of credit” that were to be payable in Swedish copper plate money that was extremely heavy weighing almost 15 kilos. It was not very practical for these huge plates to actually be used in circulation.

However, this practice of Fraud began whereby they abused the system. They began to issue more paper notes without the copper plates in the bank. That is entirely different from fiat currency. Here they said they were backed by the copper plates, but they needed more money so they issued notes fraudulently without the purported backing. That is NOT a fiat system – it is fraud.

This FRAUD was discovered and it led to the first banking panic in 1663 when there were more obligations than copper plates to redeem the notes. The bank was forced to close in 1664.

I have told the story before that it is so CRITICAL to understand the full context of history. William Penn took the term Philadelphos in ancient Greek which meant Brotherly Love. He interpreted that in a Christian sense that I love my brother. So he named his city Philadelphia – the city of brotherly love. Well to those of us who did study ancient cultures and languages, it was always one of the funny jokes. Brotherly Love meant you married your sister.

These people interpret gold as money and fiat and all the other nonsense with petrodollars etc, they have selected what they want to support a theory that they began with. Everything they have been telling people for decades has resulted in a lot of people losing a fortune and even some losing their homes.

They are not interested in actually looking at the truth. To them, it’s all fiat money, and only a return to a gold standard will stop inflation and create the perfect world following that same dangerous path as Kark Marx.

The system is far more complex and you CAN NOT reduce everything to a single cause and effect. That is what others are doing with CO2. It’s time to wake up and smell the roses. Garbage in = Garbage Out.

I have warned that the Russian Sanctions have begun the decline and fall of NOT the dollar – but the entire world economy. Once Biden used SWIFT to remove Russia, that was the end of globalization. It has NOTHING to do with the oil or anything else. The sanctions have severed Russia from the West’s Economy and put China on alert that they are coming for them as well. China setting up its alternative to SWIFT, is not directly trying to kill the dollar. It is recognizing that the world economy is under siege and what will evolve in the future in the collapse of all governments but the single greatest threat has been the Sanctions which have altered everything – not fiat currencies and gold.

World peace is created by everyone benefiting from a global economy. Destroying globalization leads nowhere but to war for that hand no longer feeds you so go ahead and bite it.