No inflation here folks, just move along | H/T ZeroHedge

click to go to “Why You Feel Poorer” at ZeroHedge

Physical Possession of IRA Precious Metals. No Taxes, No Penalties, No Depositories. | Perpetual Assets

……..        The IRA LLC   I must lead with a caveat here that I am biased to this concept. I am a ‘for profit’ consultant and facilitator of the IRA LLC. This platform has its pros and cons as any other. The upfront cost can range from $1,500 to $3,000 to have an attorney or professional facilitator set one of these up, and the proper setup is crucial. Involved are numerous legal documents, affidavits, and compliance requirements that must be met. Once setup the flexibility is great and the ongoing fee structure is very low, typically $115 to $200 per year. Within the structure the LLC acts as an investment company that is managed by the individual, whom is also the beneficiary of the IRA. As long as there are no prohibited transactions the investor can invest in literally anything except collectibles and life insurance contracts. Many include: investment real estate, bug out property, private placements, oil & gas leases, loans, currencies, Bitcoin, other LLCs, etc. The LLC also adds another layer of protection from potential Govt pillaging of retirement accounts as referenced above.

Perhaps the biggest advantage of the IRA LLC to the Precious Metals investor is that the individual (manager of the LLC) can take physical possession of Gold and Silver Eagle Coins with IRA funds and it is not a taxable distribution. The metal does not have to be held at a depository. For folks that have considered cashing out their IRAs or 401ks thus paying taxes and penalties, this can be a much cheaper alternative to physically holding precious metals. There are no additional IRS reporting requirements, merely an annual dollar asset valuation reported to the custodian…

Planting the Seeds for a Cashless Society…

The Hows and Whys of Gold Price Manipulation | Paul Craig Roberts & Dave Kranzler

The deregulation of the financial system during the Clinton and George W. Bush regimes had the predictable result: financial concentration and reckless behavior. A handful of banks grew so large that financial authorities declared them “too big to fail.” Removed from market discipline, the banks became wards of the government requiring massive creation of new money by the Federal Reserve in order to support through the policy of Quantitative Easing the prices of financial instruments on the banks’ balance sheets and in order to finance at low interest rates trillion dollar federal budget deficits associated with the long recession caused by the financial crisis.

The (Hidden Meanings in) New $100 Bill | Road to Roota

First of all, I must admit that I am one of those “Conspiracy Nuts” who loves to read meaning into the back of the US $1 bill like I’m trying to solve a centuries old puzzle. The “All Seeing Eye”, the pyramid, “One World Government”, Masonic symbols, the implications of the Latin words, even the words “In God We Trust” added in 1955…all of it…I’m a big fan of secret meaning. Just Google “US Dollar Hidden Meaning” and you will find almost EVERY INTERPRETATION you can imagine. Since I don’t know which is true…I tend to believe ALL OF THEM. More fun that way. If you think this is all hogwash and there is no meaning to the back of the $1 bill…”Duh, it’s just a nice picture”…then this article is not for you.

So, of course, I was more than excited when the new $100 bill was FINALLY announced… via The Road to Roota Letters

Unbanking vs. Underbanking: How to Break Up with the Financial System | The Organic Prepper

Breaking up is hard to do, especially when it is with a tracking service like a financial institution.  Sometimes you can make a clean break and other times you have to remain “just friends”.

The US government actually has a name for people who have no bank accounts – they call these folks “the unbanked”.  The FDIC defines the unbanked as “those without an account at a bank or other financial institution and are considered to be outside the mainstream for one reason or another.”  Another term is “the underbanked” – “people or businesses that have poor access to mainstream financial services normally offered by retail banks. The underbanked can be characterized by a strong reliance on non-traditional forms of finance and micro-finance often associated with disadvantaged and the poor, such as check cashers, loan sharks and pawnbrokers.”

Monthly Inflation 1872-2013: BLS vs. ShadowStats | TMO

Beppe Grillo about money – stand up show 1998 – English / Deutsch subtitles

H/T Liberty Blitzkrieg

Inflation Since The American Revolution | Zero Hedge

As is clear by this chart, inflation was virtually unheard of until the Creature from Jekyll Island the Federal Reserve took over. However, more importantly, things didn’t really start to get bad until the 1970?s right after Nixon took the nation off the gold standard in 1971. Since that time, America has seen a period of non-existent real wage growth and a huge gap grow between the rich and the poor ever since. Nothing like livin’ the debt slave dream!

via Guest Post: Inflation Since The American Revolution | Zero Hedge.

Insolvency | Ol’ remus and the Woodpile Report

A business enterprise is solvent when its operations are supported by its after-tax cash flow. Should cash flow be temporarily insufficient, borrowing against accounts receivable is the classic remedy. With serial borrowing however, operations-plus-debt-service eventually becomes unsupportable by cash flow, real or anticipated. Creditors withdraw when they see this, it’s insolvency or near enough. The business closes, its assets are liquidated and the proceeds distributed among its creditors. This is what’s happening to the US, aside from the liquidation part. Debt repudiation by inflation—watering down the currency—holds such comeuppance at bay, at least for a while.

Five Reasons Why the Government Is Destroying the Dollar | Financial Sense

Overview. The United States government has five interrelated motivations for destroying the value of the dollar:

1. Creating money out of thin air on a massive basis is all that stands between the current state of hidden depression, and overt depression with unemployment levels in excess of those seen in the US Great Depression of the 1930s.
2. It is the most effective way to meet not just current crushing debt levels, but to deal with the rapidly approaching massive generational crisis of paying for Boomer retirement promises.
3. It creates a lucratively profitable $500 billion a year hidden tax for the benefit of the US government which is not understood by voters or debated in elections.
4. It is the weapon of choice being used to wage currency war and reboot US economic growth; and
5. It is an essential component of political survival and enhanced power for incumbent politicians.In this article we will take a holistic approach to how individual short term, medium and long term pressures all come together to leave the government with effectively no choice but to create a substantial rate of inflation that will steadily destroy the value of the dollar…via FINANCIAL SENSE….

Dollars vs Money | The Grey Enigma added a page (see above)

Dollars vs Money « The Grey Enigma.

The U.S. Retail Collapse Accelerates | Jeff Nielsen, BBCanada

…We see two things in the chart above on average American wages. First we see how (in real dollars) wages for the average U.S. worker have been falling steadily for more than 40 years. Those wages have now fallen by more than 50%, all the way down to the same levels as during the Great Depression. And we see how the U.S. government’s lies about inflation have almost entirely concealed this relentless collapse in wages. How convenient.

Meanwhile, we see the percentage of Americans who are actually working also plummeting downward, to a 30-year low. The collapse in wages has been accompanied by a collapse in employment levels. Combined, it translates into a collapse in consumer purchasing power of well in excess of 50%.

The great Economic Myth (naturally perpetuated by the U.S. government) is that “the world can’t live without” the American Consumer. The truth is that the rest of the world has been gradually learning how to live without the American consumer for the past 40 years, as the American consumer is literally less than half what he used to be. The real-and-obvious question instead is how will the U.S.’s consumer economy be able to survive the Death of the U.S. Consumer?… via Economy: The U.S. Retail Collapse Accelerates ETF DAILY NEWS.

James Turk: Gold $8000, dollar hyperinflation a sure thing

Red Alert Issued By Think Tank Predicts World System Shakedown | Modern Survival Blog

An independent global think tank, LEAP/E2020, recently reported the opinion that “this second half of 2012 will really mark a major inflection point of the global systemic crisis;” “The shock of the autumn 2008 will seem like a small summer storm compared to what will affect the planet in several months.”

In fact LEAP/E2020 has never seen the chronological convergence of such a series of explosive and so fundamental factors (economy, finances, geopolitical…) since the start of its work on the global systemic crisis. Logically, in our modest attempt to regularly publish a “crisis weather forecast”, we must therefore give our readers a “Red Alert” because the upcoming events which are readying themselves to shake the world system next September/ October belong to this category.

The Criminal Banking Cartel’s End Game: A 100% Digital Monetary System | ZeroHedge

There is no doubt that the elite have always sought to carefully manufacture news and to control the beliefs of the masses through their interests in funding education and in owning media distribution channels for centuries. There is a wealth of history that chronicles the elite’s desires to control and sway public opinion by manufacturing news versusthe honorable journalism pursuit of reporting news in a fair and accurate manner. For example, in 1917, Congressman Oscar Callaway stated, as documented in the Congressional Record:

On the Price of Gold – a 2 minute video

…

See here:  On the Price of Gold | Zero hedge

Eric Sprott: “What Happened in Gold & Silver is Stunning” | KWN

Today billionaire Eric Sprott told King World News that a staggering 500 million ounces of paper silver traded hands during the takedown in the metals this week.  Eric Sprott, Chairman of Sprott Asset Management, had this to say about what took place the day of the plunge in gold and silver:  “I can only imagine it’s the same forces that for the last twelve years have been at work in the gold market, trying to keep the volatility very large on the downside.  As you are aware, we hardly ever get days when you get an intraday $100 rise in gold.  When we look back at what happened (on Wednesday) we saw huge sell orders in gold and silver.”

“When I look at the silver market in particular, in a 30 minute span we had sellers of 225 million equivalent paper ounces, in a market that in one year the silver miners only produce 800 million ounces.  So again, it’s the paper markets overwhelming the physical market.  It’s stunning to me that on a day like Feb. 29th we traded 500 million ounces of silver. No rational person could believe it had anything to do with the real market for silver....

FBI warns of threat from anti-government extremists | Reuters

Clearly, this threat from heretics must be stopped before the sheeple go off reservation en masse.  I.e.:

(Reuters) – Anti-government extremists opposed to taxes and regulations pose a growing threat to local law enforcement officers in the United States, the FBI warned on Monday.  These extremists, sometimes known as “sovereign citizens,” believe they can live outside any type of government authority, FBI agents said at a news conference.

The extremists may refuse to pay taxes, defy government environmental regulations and believe the United States went bankrupt by going off the gold standard.  Routine encounters with police can turn violent “at the drop of a hat,” said Stuart McArthur, deputy assistant director in the FBI’s counterterrorism division.

“We thought it was important to increase the visibility of the threat with state and local law enforcement,” he said…” via Reuters.

Horrible Bosses, Pitchforks & Torches and Gerald Celente loses it at MF Global and Corzine| ZeroHedge & Alex Jones

MUST READ via Guest Post: Horrible Bosses, Pitchforks & Torches | ZeroHedge.

..Americans have been very tolerant. We’ve handed money over for Wall Street bonuses rewarding the psychopaths who blew up our economy and created 23.9% unemployment the real undistorted employment rate. We’ve watched silently as Bernanke lied to us about the banks being fixed—as if we’re too stupid to know that FASB is now just legalized Enron accounting. We’ve rolled our eyes and bitten our tongues when some of the psychopaths later professed to be, “Doing God’s work.” We’ve watched our kids get molested by perverts hired off adds on pizza boxes, had our wives breasts exposed during these idiotic searches and ourselves been exposed to radiation while in naked body scanners that could be used in the oncology departments of hospitals.

I seriously suspect that people have had enough and that it won’t be long before they break out the pitchforks and torches. Throughout history we’ve read about times when citizens were forced to resort to violence in order to restore law and order.Ironic—if you really think about it.

I seriously suspect we are about to witness this first hand—pitchforks and torches…

And, also see Gerald Celente [Trends Inst] interview here via Alex Jones and Infowars

Gerald Celente – Get all your money out of the Banks Now | Total Investor

Gerald Celente – Goldsek Radio – 16 Nov 2011 : they are going to keep interest rates to zero until 2012 – 2013 , and what does that mean ? it means if you have money in the bank you are wasting your time by keeping it in there cause you are not getting anything in return , you used to kep up with inflation , not anymore , they need to keep interest rates to zero so the Ponzi scheme could keep going , I am in Gold and Silver and mostly Gold and that’s where I’ll stay ….

Invading Libya brings UK govt. £200bn | PressTV

 

“The west is establishing another client in Libya. Libya is the source of more oil than any other country in Africa, including Nigeria,” said John Pilger, a London-based journalist and documentary maker.” via PressTV – Invading Libya brings UK govt. £200bn.

Gadhafi’s Gold-money Plan Would Have Devastated Dollar | New American

It remains unclear exactly why or how the Gadhafi regime went from “a model” and an “important ally” to the next target for regime change in a period of just a few years. But after claims of “genocide” as the justification for NATO intervention were disputed by experts, several other theories have been floated.

Oil, of course, has been mentioned frequently — Libya is Africa‘s largest oil producer. But one possible reason in particular for Gadhafi’s fall from grace has gained significant traction among analysts and segments of the non-Western media: central banking and the global monetary system.

According to more than a few observers, Gadhafi’s plan to quit selling Libyan oil in U.S. dollars — demanding payment instead in gold-backed “dinars” (a single African currency made from gold) — was the real cause. The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit.  And it literally had the potential to bring down the dollar…

via Gadhafi’s Gold-money Plan Would Have Devastated Dollar.