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Understanding Fiat Money

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Fiat Currency Irish Crisis and contagion

 

Q: Why is this slant only seen in Arabic countries 90 sec video clip):

 

A: Guess who runs the mainstream media

 

Q: Is this passing the buck - bank debt comes sovereign debt (two minutes):

 

A: The banks, owned by the mega rich, come unstuck through fraud BUT expect the man in the street to save their fortune. You hear it first hand from one of those in the banking system.

 

Q: What do the alternative media have to say about this (five minutes):

 

A: The banks should go down - they are financial terrorists (excellent clip)

 

Q: What is the weapon they use to enslave us all?

 

A: Worthless fiat currency.

Q: Whats should we be doing to the bankers (amusing tongue in cheek clip - if bad language offends you don't view this clip)?

A: String them up and start again

 

Kind regards

 

Scott Balson

Edited by ndoa18

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Tiger in the pen

 

Jay Rockefeller from the banking elite family is a US Senator.. (now why is that a surprise to you?). This is what he says about media that take on and challenge the tax payer paid bank bailouts:

 

QUOTE:

"We need new catalysts for quality news and entertainment programming," the Democrat from West Virginia declared at a recent Senate hearing on television retransmission consent. "I hunger for quality news. I'm tired of the right and the left. There's a little bug inside of me which wants to get the FCC to say to Fox and to MSNBC, 'Out. Off. End. Goodbye.' It would be a big favor to political discourse; to our ability to do our work here in Congress; and to the American people, to be able to talk with each other and have some faith in their government and, more importantly, in their future."

 

Source: Carroll: Bully in the speech debate - The Denver Post

 

Mmmm if they don't have bread let them eat cake ....

 

and crashing J P Morgan through silver goes viral .. : United Nations of Film

 

Kind regards

 

Scott Balson

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.......

Edited by ndoa18

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The squeeze on J P Morgan begins

 

Quote: As of today, there are no longer any regular wholesale supplies of the 1 ounce through 100 ounce silver rounds and bars available for immediate delivery. It may be possible to locate incidental quantities of some product, but most wholesalers are now promising two to four weeks delivery to allow time for the silver to be fabricated....

 

At the COMEX close yesterday, registered (dealer) silver inventories fell below 50 million ounces. Even if you include the eligible (investor) silver inventories in the COMEX bonded warehouses, which are not available to fulfill COMEX deliveries unless the investor specifically chooses to do so, there were barely 107 million ounces to fulfill around 725 million ounces of contractual obligations. COMEX silver inventories are now down more than 10% from mid-June even while the amount of silver owed has soared!

 

The next round of gold and silver options expiration occurs on Tuesday, November 23. The attempt to suppress gold and silver prices upon the release of the US jobs and unemployment report on November 5 was almost a complete failure. Unless something is done to knock down gold and silver prices before November 23, a lot of call options will be exercised, which would further increase the demand for physical precious metals.

 

I suspect, as do many others, that the two rounds of increasing gold and silver margin requirements were timed for no other reason other than to try to help hold down prices through November 23.

Don’t be surprised if supplies of other low premium physical silver products, especially US 90% Silver Coin, dry up, with those premiums also starting to rise. If you are looking to acquire some physical silver, I suggest you act sooner rather than later.

 

See: Widespread Silver Bar Shortages | Coin Update News

 

PS Can you believe that the guys who are "holding these silver inventories" now allow trading/gambling on future RAINFALL?

 

Don't believe me? See the COMEX page: http://www.cmegroup.com/trading/weather/rainfall.html

 

or how about snowfalls? http://www.myfoxchicago.com/dpp/money/snow-futures-bet

 

With FIAT money you can gamble on just about anything on Wall Street.

 

Kind regards

 

Scott Balson

Edited by ndoa18

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Gold and silver price manipulation... classically exposed in the charts

 

See: http://www.gwb.com.au/silvergold23nov10.gif

 

The one day in the year silver bucks the trend and falls fifty cents while gold climbs over US$10 is the very day a large number of silver options expire.

 

Note the prices of gold and silver in the blue block on the centre right of the chart... silver falls while gold rises dramatically (partly because of the Korean conflict).

 

It is clear that J P Morgan had a cap of US$27.50 on silver... the reason silver broke from its historic ties with gold.

 

Why? To minimise their losses on silver paper trades that expired today .. their losses on these trades will be enormous anyway.

 

How did they keep the price of silver down? Kept issuing paper shorting silver - while they have no silver to back these trades!

 

This is a classic, corrupt FIAT money trade.

 

The demand for PHYSICAL silver tells a completely different story:

 

And while silver apparently "lost" ground yesterday.. look what Reuters have to say (in red below)... makes no sense does it? It's paper trades v owning physical silver

 

QUOTE: The world's largest silver-backed exchange-traded fund, iShares Silver Trust , said its holdings climbed to an all-time high of 10,893.68 tonnes by Nov 23 from 10,841.98 tonnes on Nov 22.

 

SOURCE: iShares Silver Trust holdings climb to record high | Reuters

 

and they weren't alone: Silver ETP Holdings Climb to Highest Since at Least February on Investment - Bloomberg

 

The word is out people now want PHYSICAL silver!

 

The law of supply and demand

As collectors we all understand the basis of supply and demand - the more people want a limited item the higher the resulting price. Simple logic.

 

What we are now seeing is more and more astute investors acquiring silver at ridiculously low prices - thanks to the market manipulation by Wall Street. These traders use worthless FIAT money to set the prices for an asset that has REAL value. There is no limit to the amount of FIAT money being created but there is a very REAL LIMIT to the amount of PHYSICAL GOLD and SILVER.

 

So while the likes of J P Morgan continue to issue unbacked paper trades in silver to shore up their losses the amount of physical silver available to one of the world's largest banks (to cover their position) is reducing daily - see The demand for PHYSICAL silver tells a different story heading above...

 

COMEX holdings is down to about fifty million ounces of silver while paper trades are the better part of a billion ounces. If you look at the first post in this thread about FIAT money you will see how paper trades are now following the same (but escalated) fraudulent basis of early fractional banking. (Here's the Youtube link: http://www.youtube.com/watch?v=I4pfcQbQWCE)

 

When COMEX runs out of physical silver to supply silver paper trades - and I believe this will happen as early as next year - those paper trades will be worthless; J P Morgan will not be able to fill its fraudulent silver contracts and the price of silver will explode in value.

 

Enjoying the ride.

 

Kind regards

 

Scott Balson

58f5a71e0d83f_silvergold23nov1amp4.jpg.d10ecf18f49d82600b96477e394457a0.jpg

Edited by ndoa18

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JFK and BEYOND CONSPIRACY

 

The fiat money rulers of the world and their high profile stooges.. fascinating ten minute Youtube video that will make you think. John Kennedy (who warns the people in the first part) was the American President who was assassinated..

 

YouTube - The President who told the Truth about the illuminati

 

Kind regards

 

Scott Balson

Edited by ndoa18

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What is money

 

Anyone can understand this... sadly it is spot on:

 

See nine minute video:

 

..................

 

and why fiat money (debt) is slavery (seven minute video):

 

part two (of this video) how the banks profit from war:

 

part three how Wall Street funded Hitler (includes the Bush family), Vietnam and laws following September 11 - designed to take away civil liberties and media manipulation:

 

part four dumbing down the population - the role of the media; the move to a one world government:

 

part five - sign of the beast the RFID chip (I already have one in my passport) - the next chip is to be embedded under our skin - so we can be controlled - and how the media will :

 

See why JP Morgan and the big banking families are a pariah and epitomise a current global Holocaust without care, humanity or morality - for ultimate power and greed.

 

Kind regards

 

Scott Balson

Edited by ndoa18

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Chinese students get it right

 

Chinese students laugh when Tim Geithner (US Treasury) suggests the US$ (fiat money) is secure...

 

Video last under one minute:

 

Kind regards

 

Scott Balson

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Fiat Money Inflation - old predictions coming to fruition

 

Paper assets (like fiat money) are the worst investment:

 

The deception - a US Senator speaks (ten minute Youtube video) filmed 2007:

 

QUOTES: Monetary policy (controlled by the big banks) in the US is more secretive than the CIA

 

We have a monetary system that has no basis... you can't have a currency that is based on nothing .. our currency is based on NOTHING.

 

Teachers in the US still telling kids the US$ is based on gold.

The truth of what "outspoken" US Senator Ron Paul says at the end will make your skin crawl... it is exactly what is happening today - three years later.

 

Kind regards

 

Scott Balson

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Little Miss Muffet

What is the risk in investing in gold shares compared to having the actual commodity on hand?

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In my view don't hold gold shares

 

This is the parody

 

Think about it... if the financial system collapses it will be impossible for gold mines to operate. Engineering companies will grind to a halt as transport systems and steel refineries close down. Labour will be leaving because fiat money won't be worth anything. In effect the entire mining industry will slowly grind to a halt.. until a new reliable currency emerges.

 

As a result, I believe, gold shares like those of nearly every other listed company will collapse in value while gold and silver will explode. Fiat money will be cheaper to use as wall paper.

 

In short - I own physical gold and silver and no shares. They have real value.

 

Kind regards

 

Scott Balson

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The Web the banks weave

 

LINK: Kingfisher Trust - ANZ Bank (Australia) : Bank of New York

 

The link above is one the banks do not want you to know about. It is linked to a 220 page PDF showing that ANZ Bank in Australia are lumping their housing loans together and selling them to Banks in the US. Why? Tax avoidance. (Remember it was housing loans packaged like this in the US that caused the global financial crisis in 2008)

How banks avoid tax on interest on one billion $ worth of loan bonds - see PDF linked above:

In Australia (source pg 27)

In the opinion of Mallesons Stephen Jaques, Australian tax counsel for the trust manager, under present law, the Class A notes will not be subject to Australian interest withholding tax if they are issued in accordance with certain factual conditions and they are not held by certain Offshore Associates of the issuer trustee (in its capacity as trustee of the trust). The issuer trustee will seek to issue the Class A notes in a manner which will satisfy the conditions for an exemption from Australian interest withholding tax. One of these conditions is that the issuer trustee must, at the time of issue, not know or have reasonable grounds to suspect that a Class A note, or an interest in a Class A note, was being, or would later be, acquired directly or indirectly by an Offshore Associate of the issuer trustee other than in the capacity of a dealer, manager or underwriter in elation to the placement of the Class A notes, or a clearing house, custodian, funds manager or responsible entity of a registered managed investment scheme. Offshore Associate is defined in Part B of this prospectus. An Offshore Associate of the issuer trustee (in its capacity as trustee of the trust) would generally be any associate of Australia and New Zealand Banking Group that acquires the Class A notes offshore. Accordingly, such persons may not acquire the Class A notes (other than in the capacity noted above). See ‘‘Material Australian Tax Consequences’’ in part B of this prospectus.

 

In the US (source pg 28)

In the opinion of McKee Nelson LLP, special United States federal income tax counsel for the trust manager, although there is no authority directly on point, the Class A notes will be characterized as debt for United States federal income tax purposes, subject to the qualifications set forth in

‘‘Material United States Federal Income Tax Consequences’’ in part B of this prospectus. Each beneficial owner of a Class A note, by acceptance of a Class A note, agrees to treat the Class A notes as indebtedness. In addition, in the opinion of McKee Nelson LLP, the trust will not be subject to any entity level tax under the United States federal income tax laws and the issuer trustee will not be treated as engaged in the conduct of a United States trade or business (and, accordingly, not subject to United States federal income tax) solely as a result of any activities that it conducts in its capacity as issuer trustee of the trust. See ‘‘Material United States Federal Income Tax Consequences’’ in part B of this prospectus.

Earlier in this thread we talked about inflation being a form of creeping tax levied by banks under the Fiat money system.

 

We also know that they charge interest on the loans/bonds governments get from central banks - and the interest on those loans is raised from charging us tax.

 

Starting to get the picture?

 

While we are being taxed at every level possible through VATs, government fees and taxes the banks are avoiding contributing towards those taxes by setting up loans involving banks from around the world. Ironically a large portion of the money we are paying in taxes is going straight into the central banks - a form of selective servitude with the banks doing their best not to contribute to lessening the burden of the average taxpayer.

 

Furthermore, when one of those banks in the US collapses the loans underwritten in Australia or South Africa by that bank collapses as well.

 

Of course you never knew that your South African loan was underwritten as part of a block loan set up to avoid paying tax - and guaranteed by a bank like the Bank of America. Banking greed is invasive at all levels.

 

Kind regards

 

Scott Balson

 

 

Edited by ndoa18

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Author of RICH DAD, POOR DAD.. talks about Fiat Currency

 

Youtube video (nine minute each):

(part one)

 

Very easy to understand.

 

Bottom line - realise that the money you use today (credit card, housing loans, in your wallet) has NO real value - you have been tricked into believing it does.

 

This is what happens to FIAT CURRENCY (Price of gold (ounce) in German Marks from 1914 to 1923 (click on thumbnail):

 

reichmark..jpg.25db50d4a391492976a48a979974711d.jpg

 

Kind regards

 

Scott Balson

Edited by ndoa18

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