A ‘time bomb’ is only useful if it blows up. And a crime must have a victim. People, not wanting to get blown up, seek shelter. This is the problem the Fed’s researchers were trying to solve.
Thank you Mr Webb. Perfect timing for your…”priceless” remark.
That same Fed is about as federal as FedEx.
The damned US Treasury’s & Congress are in collusion with their ongoing Ponzi scheming which has an army of G-men enforcers. I don’t know which moniker fits best, are they a cabal or cartel?
I for one am runnin’ and gun in’ with a lawahbidin’ gang… the Sons of Ibuprofen. Mission: Converting Federal Reserve notes into 'barbarous relics'… a.s.a.p. & as often as possible.
Got to get off the “Ibuprofen” brother Mark, it’s very toxic to us not so young people 🤔. Been mixing high quality Turmeric with best quality organic olive or avocado oil and getting a much better result 😊
The guesstimated USA gold holdings is 6,350 tons. United States Bullion Depository at Ft Knox (& West Point) holds a significant portion of the United States' gold reserves. Current gold guesstimated holdings: 147.3 million ounces (approximately 4,581.5 tonnes) which represents about 1/2 of the US Treasury's stored gold.
Americans have a history of tremendous statesmanship and diplomatic acumen…backed up at the tip of a dagger… to steal by direct/proxy wars, stealth, subterfuge, etc.
Maybe too tongue in cheek, or not. As mentioned elsewhere; the Fed is no more federal than FedEx.
These same private banking racketeers, Ponzi scheming fractional reservationist Fed’s ought to be Jack be nimble Jack be quick (remember gold is private) since their vaults of the Federal Reserve Bank of New York and DC stores a large amount of gold. However, over 90% of this gold belongs to foreign governments and international investors It is rumored these positions can shift around with double accounting or non accounting.
Only half facetious, lots of Marxist, commie, socialist, tyrannical state (statist) actors get desperate and “nationalize” private business and industry entities. Who better than the best and brightest bureaucrats of a central government with the know how hubris to improve existing private business and industries.
Cornered neocons opaquely operating the levers and pulleys of the resources; the internal gears of the state plus monopolizing the fictions of extant propaganda machinery? What could go wrong?
How many birds can they kill with one stone? They spend inordinate amounts of time gaming each and every scenario, figure out what helps us the least and benefits them the most, then it's bombs away and look out below.
This isn't R vs. D, White vs. Brown, or even Rich vs. Poor.
How come there’s no chit chat here on BPR about all sorts of behaviour not cricket? A blue state battle grudge match - LA vs NY World Series!
A venerable City of Angels sidewalk hotdog 🌭 stand (Pink’s estb‘d 1939) is selling a 10” Dodger “blues dog” (bacon chili cheese dog topped with mustard and onions). Price: $7.17 representing the numbers of Dodgers winning the World Series and player #17’s jersey. 100% of Pink’s proceeds go to the philanthropic Dodgers Foundation.
Ha! I actually took out a (temporary) FUBO subscription just to watch the ALCS/NLCS and now the World Series online. $77.48/month, ouch. But 198 channels, dozens of on-demand tv shows and hundreds of movies, all of which I have no interest in watching, so I guess it's a good deal. ;)
I haven't had a tv since 2004, but man, I sure have enjoyed the Post-season Baseball this year. Brought back some great memories of watching the game(s) with my dad.
The scription goes bye-bye when the Boys of Summer wrap it up...
PS - As long as I have it, I have jumped on some Saturday College Football. SEC of course. That's the only Conference where they still play the game properly... ;)
And essential to "the scam" is the increasing level of gaslighting regarding inflation - the regime - desperate to hide the real truth publishes increasingly ridiculous inflation numbers and creates indices that measure anything but inflation. The mess they have created requires exponentially increasing amounts of printed money to function producing ever increasing levels of inflation. One wonders how long the masses will continue to ignore the reality right in front of them. It would appear that the reality of the math behind the Fed scheme will eventually result in trying to hide an elephant behind a beach towel
A glimmer of hope, amidst the prevailing doom and gloom here (perhaps)...It seems a reasonable probability that Trump will appoint Elon (who seems eager for the challenge) as "Government Efficiency Czar". I suspect that both men have the hunger (and cojones) to cut wasteful spending, of which there are massive amounts. I seem to recall that Elon, immediately after the takeover, cut something like 80% of Twitter staff, with few resulting problems in continuing operations. This isn't getting a lot of play currently (for obvious reasons - and a missed opportunity for Kamala?) but could result in fireworks pretty quickly if Trump is elected. No grass grows under either man's feet!
Thank you Bob for weighing in and commenting here, especially given today’s BPR topic.
Before getting into my remarks about cojones; previous POTUS’ set the USA on its current trajectory. One such POTUS gave “We the People” the Federal Reserve Act of 1913.
Then another POTUS rolled up in his wheelchair; and did this: Set the book value of the U.S. gold reserves as determined by the Department of the Treasury and which is recorded at a statutory rate as stated in 31 USC § 5116-5117. As of the latest information available, this book value is $42.2222 per Fine Troy Ounce of gold.
Arguably, there are serious questions about the validity of the inventory in the U.S. gold reserve. Giving the benefit of the doubt (cough) to the stated\assumed accuracy for purposes of my remarks herein.
Now to the next POTUS cojones part. Which one of the presidential candidates will have the cojones to revise the U.S. gold reserve’s book value? That is anyone’s guess for the moment and not my intent to get into here.
Lynette Zang has the chops and has taken the time to arrive at fundamental value of Gold by doing the calculations: US Debt divided by US gold holdings. She’s calculated a theoretical price that gold would need to reach per troy ounce for the US gold reserves to fully cover the national debt.
What will a debt free U.S.A. look like? When and how is the most opportune moment in time for a gold book value reset? A whole lot of questions. A whole lot of truth or consequences to consider. How will American’s feel? Will it be like paying off one’s car loan or being mortgage free?
Regards,
Mark
P.S. Increasingly, federal banking regulators function as little more than deer caught in the headlights is the concluding sentence here:
I think Ms. Zang is on the low side - considering the VERY probable Reality that both Ft. Knox and the basement of the NYFRB are both pretty much empty. Our scumbag "leaders" cleaned out the physical shiny long, long ago...
PS - Before any of you roll your eyes and call me mean names, do an internet search for "When was the Gold Reserve at Ft. Knox last audited?"
It's the firing and elimination of departments of government like education, energy, etc., etc. rather than making them more efficient. That's what Vivek wanted to do, so if you are referring to that as far as what Musk must do, then I'm all in.
The traitors don't want to win the election now. That's primarily because they can't win. They have spent too much and created this mess of debt and now they are much better off leaving it to the conservatives to "solve" or better stated as take the blame. But the public isn't so stupid as to who caused the problem and how to avoid the whole issue. But also the politicians have other simple tricks up their sleeves like outlaw gold and outlaw bitcoin. But even that is kinda like Kamala wanting to put price controls on grocery stores. The difficulty with these politicians is that they can always think up some strategy to take from their constituents and give to themselves but it appears this time that the public is figuring out their nonsense, as in the case of Argentina. The internet is providing a different more coherent view of reality that the elite and their Keynesian mentalities don't seem to anticipate.
I think Bill is missing an essential ingredient. Kazan is happening as we speak. The US$'s problem would be manageable if it was just us lemmings in the U.S. Unfortunately for the Fed (and us), the World is moving away from the U.S. hegemony, $, and Swift System. US$ will be coming back to the U.S. from afar in an unimaginable number of ways. The World is uniting against the U.S. because the U.S. government continues to use only wars and sanctions against the rest of the World. The U.S. will not negotiate - it is their way or else. Life is going to get ugly for us, our children, and our grand-children. Bitcoin is going to be toasted as well. You can be optimistic and hope or pray, but you best prepare and prepare pronto! One ol' man's opinion.
Perhaps we need a new movement. One whereby no one pays their taxes. And as such forces the hand of government to balance the budget and dismiss their agencies.
Pile into gold , disappear digitally, starve the state, light the fuse.
The Son of Fred takes Office. The American Savior, President Trump rebuilds America, like the fallen temple of past that could be rebuilt in 3 days, but this time He is not talking about his body, Lord Trump is talking about America, and making it Great Again. It took 170 years to build America, but it only took 4 years for Biden and Hee-Hee Harris to destroy it.
The unfaithful believers are gnashing their teeth. Satan has taken control of Kamala, her eyes glow with the darkness of the night. Lucifer’s pig foot clanks down the Oval Hallway, the dizzy spells overtake the momentum as The Mind Control Drone Project turns the election into a walk in the park for President Trump. 🤩🤩🤩
They're all complicit after Washington imho. Looking at Canada its gone, like never coming back (hope Im wrong)
They have lost their minds truly out to lunch. Its almost as if Im watching a horror series waiting for the next episode.
What a f....... conundrum a quagmire. Its no wonder the most vulnerable decide to punch out. What a disgrace I hold no grudge against those who wish to exercise their right. Its been long in the making. Sad very sad gentleman. There those who need to be held accountable imho. Dutifully of course.
Thanks Gypt and Hi John. I would posit that it took less than 4 years for B&H to put the last nail in the coffin and their biggest claim to fame is that they made the long-standing threat (started by Hoover/FDR) an existential one...
I don't disagree. I was just making the point that the table was set for them. I'm not sure that the last nail has been put in the coffin yet, but with every passing day it sure looks that way unless we take drastic corrective action soon. It may be too late. I'm not sure that even if Trump is elected that he will take the action required to stop us from disaster. We are at a point where it is not good enough to slow down the Titanic. The iceberg is right in front of us. A drastic change of course is required.
I like the comments today. Many of us are aware of the problem. Now the solution. Yes, We the people can suggest ways , but how do We implement them? That is My question. All the thoughts are correct and can added up to be the solution, as there is no one straight answer at this time . How My fellow compatriots? We are not Argentina.
Mr. Gallien has the right idea. Stop Feeding the Beast (paying taxes) whilst simultaneously Being Ungovernable. We need big numbers going all-in to make it work and Violence can only be the LAST resort.
Any lesser measures will go ignored by those destroying our Future...
I agree to a point. The population is much greater now . And by the voters that appears to be a 50 to 50 percent split. To get the masses on Your , Our side would be challenging.
Challenging is an understatement. It took just 3% of the population to engage in our War for Independence - but numbers like that would get squashed under the beast and swallowed by the machine (almost instantly) nowadays.
I'm guessing closer to 25% of the general population going all-in before the movement would have a prayer...
I’ve read somewhere that one of the largest holders of bitcoin is US gubmint, through their confiscations from perpetrators of illegal behavior. Misinformation? Or true? Regardless, something to think about.
I particularly like Tom's graph and analysis. It's time or near where the risk taking fails. When the momentum switches from risk taking to no risk taking we finally get the "solution". Losses.
Thanks for the reminder of how the dems and repubs in Congress and the White House (and us that keep electing them) have doomed our kids and grandkids.
This has been the playbook in Latin America. The governments want to spend more than they collect in taxes so they print the difference. People use dollars and real assets as savings instead of the local currency, which eventually gets replaced by a new currency with zeros lopped off.
Man. If there’s one sure thing I’m left thinking, after reading the last week’s worth of missives from Bill & Co, is that as a fairly new retiree, with hopefully many more years to go, I am totally and royally screwed. I’m starting to understand the Argentinian mindset: might as well spend it now before it becomes worthless later.
Nice to know that the Fed is working hard to block the exits of a burning building - with us in it.
The Fed dares to call Bitcoin "worthless" as they continue to make our dollars worthless.
Thank you Mr Webb. Perfect timing for your…”priceless” remark.
That same Fed is about as federal as FedEx.
The damned US Treasury’s & Congress are in collusion with their ongoing Ponzi scheming which has an army of G-men enforcers. I don’t know which moniker fits best, are they a cabal or cartel?
I for one am runnin’ and gun in’ with a lawahbidin’ gang… the Sons of Ibuprofen. Mission: Converting Federal Reserve notes into 'barbarous relics'… a.s.a.p. & as often as possible.
Regards,
Mark
Got to get off the “Ibuprofen” brother Mark, it’s very toxic to us not so young people 🤔. Been mixing high quality Turmeric with best quality organic olive or avocado oil and getting a much better result 😊
Thanks for the kind words.
Super Beets here brother 😊
Don't forget to get some of those pointy-leaded brass relics in the haul...
I won’t forget. I know a guy who has a lot relic holders for ‘em.
Good one, blocking the exits. Good analogy.
The guesstimated USA gold holdings is 6,350 tons. United States Bullion Depository at Ft Knox (& West Point) holds a significant portion of the United States' gold reserves. Current gold guesstimated holdings: 147.3 million ounces (approximately 4,581.5 tonnes) which represents about 1/2 of the US Treasury's stored gold.
Americans have a history of tremendous statesmanship and diplomatic acumen…backed up at the tip of a dagger… to steal by direct/proxy wars, stealth, subterfuge, etc.
Maybe too tongue in cheek, or not. As mentioned elsewhere; the Fed is no more federal than FedEx.
These same private banking racketeers, Ponzi scheming fractional reservationist Fed’s ought to be Jack be nimble Jack be quick (remember gold is private) since their vaults of the Federal Reserve Bank of New York and DC stores a large amount of gold. However, over 90% of this gold belongs to foreign governments and international investors It is rumored these positions can shift around with double accounting or non accounting.
Only half facetious, lots of Marxist, commie, socialist, tyrannical state (statist) actors get desperate and “nationalize” private business and industry entities. Who better than the best and brightest bureaucrats of a central government with the know how hubris to improve existing private business and industries.
Cornered neocons opaquely operating the levers and pulleys of the resources; the internal gears of the state plus monopolizing the fictions of extant propaganda machinery? What could go wrong?
Clever, Diabolical, Evil.
How many birds can they kill with one stone? They spend inordinate amounts of time gaming each and every scenario, figure out what helps us the least and benefits them the most, then it's bombs away and look out below.
This isn't R vs. D, White vs. Brown, or even Rich vs. Poor.
It is much worse...
How come there’s no chit chat here on BPR about all sorts of behaviour not cricket? A blue state battle grudge match - LA vs NY World Series!
A venerable City of Angels sidewalk hotdog 🌭 stand (Pink’s estb‘d 1939) is selling a 10” Dodger “blues dog” (bacon chili cheese dog topped with mustard and onions). Price: $7.17 representing the numbers of Dodgers winning the World Series and player #17’s jersey. 100% of Pink’s proceeds go to the philanthropic Dodgers Foundation.
Whatchya got Yankee bronx bombers? Nothin! ⚾️
Ha! I actually took out a (temporary) FUBO subscription just to watch the ALCS/NLCS and now the World Series online. $77.48/month, ouch. But 198 channels, dozens of on-demand tv shows and hundreds of movies, all of which I have no interest in watching, so I guess it's a good deal. ;)
I haven't had a tv since 2004, but man, I sure have enjoyed the Post-season Baseball this year. Brought back some great memories of watching the game(s) with my dad.
The scription goes bye-bye when the Boys of Summer wrap it up...
PS - As long as I have it, I have jumped on some Saturday College Football. SEC of course. That's the only Conference where they still play the game properly... ;)
Enjoy it, seems money and time well spent totally unrelated to ad nuseum RINO\DINO mud wrestling.
Should be fun to see what happens with b’ball World Series fans comments that take a stand w/ MLB stats.
And essential to "the scam" is the increasing level of gaslighting regarding inflation - the regime - desperate to hide the real truth publishes increasingly ridiculous inflation numbers and creates indices that measure anything but inflation. The mess they have created requires exponentially increasing amounts of printed money to function producing ever increasing levels of inflation. One wonders how long the masses will continue to ignore the reality right in front of them. It would appear that the reality of the math behind the Fed scheme will eventually result in trying to hide an elephant behind a beach towel
A glimmer of hope, amidst the prevailing doom and gloom here (perhaps)...It seems a reasonable probability that Trump will appoint Elon (who seems eager for the challenge) as "Government Efficiency Czar". I suspect that both men have the hunger (and cojones) to cut wasteful spending, of which there are massive amounts. I seem to recall that Elon, immediately after the takeover, cut something like 80% of Twitter staff, with few resulting problems in continuing operations. This isn't getting a lot of play currently (for obvious reasons - and a missed opportunity for Kamala?) but could result in fireworks pretty quickly if Trump is elected. No grass grows under either man's feet!
Thank you Bob for weighing in and commenting here, especially given today’s BPR topic.
Before getting into my remarks about cojones; previous POTUS’ set the USA on its current trajectory. One such POTUS gave “We the People” the Federal Reserve Act of 1913.
Then another POTUS rolled up in his wheelchair; and did this: Set the book value of the U.S. gold reserves as determined by the Department of the Treasury and which is recorded at a statutory rate as stated in 31 USC § 5116-5117. As of the latest information available, this book value is $42.2222 per Fine Troy Ounce of gold.
Arguably, there are serious questions about the validity of the inventory in the U.S. gold reserve. Giving the benefit of the doubt (cough) to the stated\assumed accuracy for purposes of my remarks herein.
Now to the next POTUS cojones part. Which one of the presidential candidates will have the cojones to revise the U.S. gold reserve’s book value? That is anyone’s guess for the moment and not my intent to get into here.
Lynette Zang has the chops and has taken the time to arrive at fundamental value of Gold by doing the calculations: US Debt divided by US gold holdings. She’s calculated a theoretical price that gold would need to reach per troy ounce for the US gold reserves to fully cover the national debt.
What will a debt free U.S.A. look like? When and how is the most opportune moment in time for a gold book value reset? A whole lot of questions. A whole lot of truth or consequences to consider. How will American’s feel? Will it be like paying off one’s car loan or being mortgage free?
Regards,
Mark
P.S. Increasingly, federal banking regulators function as little more than deer caught in the headlights is the concluding sentence here:
https://wallstreetonparade.com/2024/10/academic-paper-finds-u-s-banking-system-is-less-safe-today-than-before-the-2010-dodd-frank-financial-reform-legislation-was-passed/
Statutory Rate source attribution - https://www.fiscal.treasury.gov/reports-statements/gold-report/
P.S.S. Zang’s figure = $134,875.03
I think Ms. Zang is on the low side - considering the VERY probable Reality that both Ft. Knox and the basement of the NYFRB are both pretty much empty. Our scumbag "leaders" cleaned out the physical shiny long, long ago...
PS - Before any of you roll your eyes and call me mean names, do an internet search for "When was the Gold Reserve at Ft. Knox last audited?"
You can apologize to me later...
Looks like Dorothy is not responding, so you're good.
JG: I am on my vacation…..nothing bothers me right now…aloha!
It's the firing and elimination of departments of government like education, energy, etc., etc. rather than making them more efficient. That's what Vivek wanted to do, so if you are referring to that as far as what Musk must do, then I'm all in.
They'd make a great 1-2 punch. Vivek cleans the house(s) and Elon develops the new operating plans...
Or the grass is getting long depending on ones view point.
The traitors don't want to win the election now. That's primarily because they can't win. They have spent too much and created this mess of debt and now they are much better off leaving it to the conservatives to "solve" or better stated as take the blame. But the public isn't so stupid as to who caused the problem and how to avoid the whole issue. But also the politicians have other simple tricks up their sleeves like outlaw gold and outlaw bitcoin. But even that is kinda like Kamala wanting to put price controls on grocery stores. The difficulty with these politicians is that they can always think up some strategy to take from their constituents and give to themselves but it appears this time that the public is figuring out their nonsense, as in the case of Argentina. The internet is providing a different more coherent view of reality that the elite and their Keynesian mentalities don't seem to anticipate.
That’s why it is IMPERATIVE the elite control the interweb’s “misinformation to protect free speech”.
I think Bill is missing an essential ingredient. Kazan is happening as we speak. The US$'s problem would be manageable if it was just us lemmings in the U.S. Unfortunately for the Fed (and us), the World is moving away from the U.S. hegemony, $, and Swift System. US$ will be coming back to the U.S. from afar in an unimaginable number of ways. The World is uniting against the U.S. because the U.S. government continues to use only wars and sanctions against the rest of the World. The U.S. will not negotiate - it is their way or else. Life is going to get ugly for us, our children, and our grand-children. Bitcoin is going to be toasted as well. You can be optimistic and hope or pray, but you best prepare and prepare pronto! One ol' man's opinion.
Perhaps we need a new movement. One whereby no one pays their taxes. And as such forces the hand of government to balance the budget and dismiss their agencies.
Pile into gold , disappear digitally, starve the state, light the fuse.
I'm really good friends with a small group of men who are doing just that - of course, I would never consider anything so radical...
That could work if you have nothing to lose…
“Choose Your Own Adventure”
The Narrative Changes:
The Son of Fred takes Office. The American Savior, President Trump rebuilds America, like the fallen temple of past that could be rebuilt in 3 days, but this time He is not talking about his body, Lord Trump is talking about America, and making it Great Again. It took 170 years to build America, but it only took 4 years for Biden and Hee-Hee Harris to destroy it.
The unfaithful believers are gnashing their teeth. Satan has taken control of Kamala, her eyes glow with the darkness of the night. Lucifer’s pig foot clanks down the Oval Hallway, the dizzy spells overtake the momentum as The Mind Control Drone Project turns the election into a walk in the park for President Trump. 🤩🤩🤩
It took more than Biden and Harris. The destruction started in earnest under Hoover and FDR and to some lesser extent, even before that.
They're all complicit after Washington imho. Looking at Canada its gone, like never coming back (hope Im wrong)
They have lost their minds truly out to lunch. Its almost as if Im watching a horror series waiting for the next episode.
What a f....... conundrum a quagmire. Its no wonder the most vulnerable decide to punch out. What a disgrace I hold no grudge against those who wish to exercise their right. Its been long in the making. Sad very sad gentleman. There those who need to be held accountable imho. Dutifully of course.
Thanks Gypt and Hi John. I would posit that it took less than 4 years for B&H to put the last nail in the coffin and their biggest claim to fame is that they made the long-standing threat (started by Hoover/FDR) an existential one...
I don't disagree. I was just making the point that the table was set for them. I'm not sure that the last nail has been put in the coffin yet, but with every passing day it sure looks that way unless we take drastic corrective action soon. It may be too late. I'm not sure that even if Trump is elected that he will take the action required to stop us from disaster. We are at a point where it is not good enough to slow down the Titanic. The iceberg is right in front of us. A drastic change of course is required.
I like the comments today. Many of us are aware of the problem. Now the solution. Yes, We the people can suggest ways , but how do We implement them? That is My question. All the thoughts are correct and can added up to be the solution, as there is no one straight answer at this time . How My fellow compatriots? We are not Argentina.
DH: We are not Argentina..YET!
Just another question. How do We get there?
I hope You are right. The sooner the better!
Mr. Gallien has the right idea. Stop Feeding the Beast (paying taxes) whilst simultaneously Being Ungovernable. We need big numbers going all-in to make it work and Violence can only be the LAST resort.
Any lesser measures will go ignored by those destroying our Future...
I agree to a point. The population is much greater now . And by the voters that appears to be a 50 to 50 percent split. To get the masses on Your , Our side would be challenging.
Challenging is an understatement. It took just 3% of the population to engage in our War for Independence - but numbers like that would get squashed under the beast and swallowed by the machine (almost instantly) nowadays.
I'm guessing closer to 25% of the general population going all-in before the movement would have a prayer...
Right. A prayer would definitely be needed.
"Digital gold" = vacuum of space btw the players ears.
READ THE COMMENTS from linked article !!
The author is an obvious crypto (ether) coin shill.
So how are cryptos working out for: Helene / Milton survivors, and for those experiencing Cuba's grid down ?
https://www.zerohedge.com/crypto/bitcoin-lot-more-digital-gold-rebuttal-ecbs-crypto-critical-research-paper
So much less effort to write, "I don't understand Bitcoin."
I’ve read somewhere that one of the largest holders of bitcoin is US gubmint, through their confiscations from perpetrators of illegal behavior. Misinformation? Or true? Regardless, something to think about.
I particularly like Tom's graph and analysis. It's time or near where the risk taking fails. When the momentum switches from risk taking to no risk taking we finally get the "solution". Losses.
Thanks for the reminder of how the dems and repubs in Congress and the White House (and us that keep electing them) have doomed our kids and grandkids.
Very interesting and insightful. Not sure if I know what to do, but seeking awareness is a beginning.
What is the Markov strategy?
This has been the playbook in Latin America. The governments want to spend more than they collect in taxes so they print the difference. People use dollars and real assets as savings instead of the local currency, which eventually gets replaced by a new currency with zeros lopped off.
Man. If there’s one sure thing I’m left thinking, after reading the last week’s worth of missives from Bill & Co, is that as a fairly new retiree, with hopefully many more years to go, I am totally and royally screwed. I’m starting to understand the Argentinian mindset: might as well spend it now before it becomes worthless later.