View Full Version : Jewish banking monopoly opposes remonetizing silver in Mexico
Mike Mazzone of Palatine
January 13th, 2005, 05:11 AM
All 31 Mexican governers voted unanimously to remonetize silver in the form of one ounce .999 silver rounds. 96% of those polled on Mexican TV approved of monetizing "Libertad" coins as an alternative to the Jewish banking ponzi scheme of paper pesos.
This is the biggest story in silver for over a decade, much bigger than billionare Warren Buffet purchasing silver in 1997.
Can the Jewish bankers stop this from happening? Do you think we'll ever see a poll on American TV asking if Americans would approve of remonetizing silver currency? Will the media bring up the fact that the United States was circulating silver currency until 1965, or will they expect that bit of truth to plunge into the memory hole?
I doubt that Mexicans having a more stable currency will do much to prevent the flood of Mestizos heading north, but if Mexicans had more wealth of their own in their country from mining, there could be less incentive to jump the border for the handouts they recieve in America. Of course there would be no incentive for them to come here if white Americans did not tolerate non-European immigration, as was once the case (another pre-1965 fact that Jewish media interests would prefer we all plunge into our collective memory hole).
http://www.plata.com.mx/plata/plata/comHSP51a.htm
December 17, 2004.
Silver's Three Flags
by Hugo Salinas Price
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Silver as a vehicle for popular savings, has turned out to be a very effective flag that has gathered support amongst the principal Mexican political parties, which in everything else are deeply at odds with one another.
This past 30th of November, the 31 governors of all the states that make up the Mexican Republic sent a communiqué to the “Ways and Means” Committee of the Mexican House of Representatives, in which they expressed their unanimous approval of the monetization of silver and urged the Committee to approve a bill which aims to achieve precisely this objective.
176 Mexican newspaper writers put their signatures to full page declarations by the Journalists’ Club in the main newspapers of Mexico City, also in support of the monetization of the “Libertad” silver ounce.
A permanent organization of ex legislators also expressed their support for the measure in favor of the monetization of silver.
A poll by national T.V. Azteca, revealed that 96% of viewers approved of the monetization of the silver ounce, when asked if they were, or were not, in favor.
The Bank of Mexico, Mexico’s Central Bank, is adamantly opposed to this measure. It does not want the public to have the opportunity of saving in monetized silver. It wants to maintain its unblemished monopoly on the printing of Mexico’s money, which has no intrinsic value, and does not want the public to have any alternative for its savings, other than bills or bank deposits.
The Bank of Mexico sent a group of twelve men to the meeting of the Ways and Means Committee on the 30th of November, in order to confuse and cow the members of this committee, and forestall a favorable vote on the bill to monetize silver.
We do not know how the members of the Committee will cast their decisive vote, when the time comes.
Even in case their vote should be negative, we can predict, by the support given to this reasonable and salutary measure in the interest of Mexico, that the idea of monetizing silver will not die.
The idea of using silver as money that cannot be devalued, for savings by the people, is now firmly rooted in the public conscience of Mexico. An idea on the march is a force that does not die easily. Suppressed, it will only gather more strength. Such is the history of all ideas.
But silver flies another, more important flag.
In the mid-19th Century, when modern Italy had not yet taken shape and was still under the domination of Austria-Hungary, there was sown the idea that Italy should be reborn as a united and self-governed State, and that the domination of Austria-Hungary should be expelled.
Garibaldi came forward as a leader of this “resurgence” of the Italian fatherland.
A young composer, Giuseppe Verdi, composed an opera to symbolize Italy under the heel of Austria-Hungary: Nabuco was its name. The Hebrews captured by Nabuco, the Babilonian king, symbolized the Italians under the rule of Austria-Hungary.
One hymn of this opera was so moving, that it spread like wildfire among the population. It became impossible to frustrate the resurgence of Italy. Verdi’s hymn is, to this day, the national anthem of Italy.
This is silver’s second flag: national union, with a consciousness of our own worth, our own culture and our independence. A national consolidation will take place when we once again take up silver, our ancestral money.
However, there is another still greater flag for silver:
Silver turned into Mexican money, circulating in parallel with paper money, no matter how insignificant the importance of that small amount of silver in the nation’s economy, means that Mexicans will always remember that silver can actually be used as real, honest money. And that as the years pass, it will always be there, inviting us to use it in the most dangerous and dark times that may come.
Silver in circulation will serve to remind us that it is possible for a society to use silver and benefit from the use of real money, honest money.
Otherwise, it is possible that we may forget this, as has happened to many nations in the world.
When Mexico monetizes silver, it will become a lighthouse of hope for the world, a light that shows the way out of the swamp of slavery and perpetual impoverishment that comes with paper money.
Paper money, which is today the only kind of money in the world, ensures economic and therefore political control over the populations that use it. The planet’s banking caste that issues paper money and virtual, electronic money, threatens to become the sovereign power through the fictitious money it issues, and aspires to dominate all humanity.
The outcome of paper money is the dehumanization of the human race.
This is silver’s third and most important flag: the cause of humanity.
Silver’s flags, therefore, are three:
The flag of people’s savings.
The flag of national union.
The flag of the preservation of men, from dehumanization.
The silver coin as money: an idea that has taken life and will not be suppressed.
(This article, translated by the author, appeared in Spanish on the 11th of December, 2004, in “La Jornada”, a Mexico City newspaper.)
Polybius
January 13th, 2005, 07:55 AM
Why would a one ounce Mexican silver coin be any more valuable than any OTHER one ounce silver coin? :rolleyes: An ounce of silver is an ounce of silver...you might make some Mexican jews rich selling you silver coins at the market price of scrap silver. According to the stories you posted this will be a special coin, that will be sold at the market price of silver not pegged to any set number of pesos. It the Mexicans start making a one peso silver coin let us know... :)
Mike Mazzone of Palatine
January 13th, 2005, 03:47 PM
Why would a one ounce Mexican silver coin be any more valuable than any OTHER one ounce silver coin?
It would not be, nor did I say it would be. But if it was circulated as money, it would be an alternative to the paper money that the Jews control.
you might make some Mexican jews rich selling you silver coins at the market price of scrap silver
Selling silver coins to Mexican jews in return for what? You can make them just as rich selling them your dollars, as a lot of tourists do. You make Jews rich when the dollars they give you inflate. 98% of the purchasing power that was stored in a dollar has been confiscated since 1913.
It the Mexicans start making a one peso silver coin let us know...
Even in America, there is a one ounce silver coin called the silver eagle, but nobody uses it because it costs $10 to buy one when the market price is $7 and has a mint value of only $1. So there is a one dollar silver coin. Sales of them were very high in 2004, despite the added premium to scrap value.
There are still relatively very few Americans who are concerned about how much wealth they have lost in 2004 by keeping their assets in US dollars. It seems that there are actually are a greater percentage of Mexicans who are more concerned about how much purchasing power they lose by keeping their assets in pesos.
American citizens aren't anywhere near as poor as Mexicans...but as we start to resemble Mexico, standards of living will decline.
Polybius
January 13th, 2005, 04:21 PM
It would not be, nor did I say it would be. But if it was circulated as money, it would be an alternative to the paper money that the Jews control.
Selling silver coins to Mexican jews in return for what? You can make them just as rich selling them your dollars, as a lot of tourists do. You make Jews rich when the dollars they give you inflate. 98% of the purchasing power that was stored in a dollar has been confiscated since 1913.
Even in America, there is a one ounce silver coin called the silver eagle, but nobody uses it because it costs $10 to buy one when the market price is $7 and has a mint value of only $1. So there is a one dollar silver coin. Sales of them were very high in 2004, despite the added premium to scrap value.
There are still relatively very few Americans who are concerned about how much wealth they have lost in 2004 by keeping their assets in US dollars. It seems that there are actually are a greater percentage of Mexicans who are more concerned about how much purchasing power they lose by keeping their assets in pesos.
American citizens aren't anywhere near as poor as Mexicans...but as we start to resemble Mexico, standards of living will decline.
Don't bet the farm on silver...and if you do buy it...buy it as close to the commodity traded price as you can. American silver dollars are good, and they have more than an ounce of silver in them, and you can buy them near the commodity or scrap value price through a legitimate trader.
You can always buy a good metal detector and pay for it, if you know where to look for silver coins... :rolleyes:
Don't forget that a lot of jew traders, both foreign and domestic, write this doom and gloom stuff in order to sell you silver and gold. A little bits ok, but, don't get carried away. :cool:
Mike Mazzone of Palatine
January 13th, 2005, 04:36 PM
American silver dollars are good, and they have more than an ounce of silver in them
No, they don't. A pre-1965 silver dollar contains .7735 ounces of silver.
You can always buy a good metal detector and pay for it, if you know where to look for silver coins
Where would you look? How many silver coins have you found with a metal detector?
Don't forget that a lot of jew traders, both foreign and domestic, write this doom and gloom stuff in order to sell you silver and gold.
You'll see a lot more Jews pushing stocks than metals.
Don't bet the farm on silver...A little bits ok, but, don't get carried away.
The alternative is to bet the farm on the US Dollar. Even Warren Buffet, who has been holding his multi-billion dollar fortune in US Dollars for decades, is betting against the US Dollar for the first time ever.
For centuries, financial analysists have recommended keeping 5-10% of your assets in precious metals.
Todd in FL
January 13th, 2005, 04:42 PM
Don't forget that a lot of jew traders, both foreign and domestic, write this doom and gloom stuff in order to sell you silver and gold. A little bits ok, but, don't get carried away. :cool:
I read a lot of commentary and listen to quite a bit on the radio. Not many jews out there are touting precious metals that I know of. Maybe you can list them all for us. Doom and gloom is valid under the present value of the american dollar and buying silver is a hedge against inflation.
You make it sound as if you know what you are talking about... I don't think you have a fing clue.
Mike Mazzone of Palatine
January 13th, 2005, 04:44 PM
I don't think you have a xxxxxxx clue.
Just to remind you Todd, this is the civil forum.
Todd in FL
January 13th, 2005, 05:06 PM
Just to remind you Todd, this is the civil forum.
Thanx.
I keep getting them mixed up. I do the same thing in public.
Polybius
January 13th, 2005, 05:20 PM
Thanx.
I keep getting them mixed up. I do the same thing in public.
You are right there are .7735 ounces of "pure silver" in the Morgan Silver dollar minted up until 1921. I'm not sure if the Peace silver dollar minted up until 1935 had more pure silver content than the Morgan dollar.
Anyway, specualtion in silver is like specualtion in any other commodity, and they don't call the jew-elry business jew-elry for nothing. Jewelry: silver, gold, diamonds get it Todd... :D
Todd in FL
January 13th, 2005, 05:55 PM
Jewelery is not a commodity.... the metal itself is.
The reason jews are in the jewelery biz is because the stupid white people think it is worth the mark up for its symbolic value... so the jews take the metal and put it together w/ diamonds and they make 1000%.
Buying silver at a low price and selling it higher is not jewish or controled by jews... anybody can do it.
Polybius
January 13th, 2005, 06:17 PM
Jewelery is not a commodity.... the metal itself is.
The reason jews are in the jewelery biz is because the stupid white people think it is worth the mark up for its symbolic value... so the jews take the metal and put it together w/ diamonds and they make 1000%.
Buying silver at a low price and selling it higher is not jewish or controled by jews... anybody can do it.
The Hunt brothers, and some other Texas Republicans got burnt burnt real bad trying to manipulate silver back in the last silver run-up in 79'-80'; Dubya maybe trying to help them unload some silver they still have. :D
Synikul
January 13th, 2005, 06:20 PM
I know nothing about this, so this might be a stupid question.
If Mexico starts circulating silver currency, won't some of it, maybe a lot of it, circulate right out of the country? That could be good for the people who want to buy silver, but could it be bad for Mexico, and possibly make the peso worth even less?
Polybius
January 13th, 2005, 06:45 PM
I know nothing about this, so this might be a stupid question.
If Mexico starts circulating silver currency, won't some of it, maybe a lot of it, circulate right out of the country? That could be good for the people who want to buy silver, but could it be bad for Mexico, and possibly make the peso worth even less?
The current exchange rate is approx. 11.10 pesos equals $1 dollar.
Six and 7/10 dollars buys an ounce of silver. USA $6.70 = 1 ounce of silver.
Mexico is kicking around the idea of selling a one ounce silver coin. It would all depend on how much they would price the one ounce silver coin, and how many they intended to mint. As of today 75.36 pesos will buy an ounce of silver. Of course the average Mexican makes about a dollar an hour, top dollar foreign employers like Volkswagen pay between 5 and 6 dollars an hour in Mexico.
Naturally, if enough Mexican one ounce silver coins were sold to foreigners & tourists it would strengthen the peso. Although, the sales of the coin would have to be huge to make a blip in the general scheme of things.
Synikul
January 13th, 2005, 06:58 PM
The current exchange rate is approx. 11.10 pesos equals $1 dollar.
Six and 7/10 dollars buys an ounce of silver. USA $6.70 = 1 ounce of silver.
Mexico is kicking around the idea of selling a one ounce silver coin. It would all depend on how much they would price the one ounce silver coin, and how many they intended to mint. As of today 75.36 pesos will buy an ounce of silver. Of course the average Mexican makes about a dollar an hour, top dollar foreign employers like Volkswagen pay between 5 and 6 dollars an hour in Mexico.
Naturally, if enough Mexican one ounce silver coins were sold to foreigners & tourists it would strengthen the peso. Although, the sales of the coin would have to be huge to make a blip in the general scheme of things.
Thank you.
I got the impression that they were going to start putting out silver coins like we put out quarters. If they are just selling them like we do, it wouldn't hurt their regular currency.
Rob Roy MacGregor
January 13th, 2005, 08:37 PM
Jews fear silver more than gold, due to it's abundance.
http://www.gold-eagle.com/editorials_01/morgan071001.html
http://www.silver-investor.com/
Invisible Umpire
January 13th, 2005, 09:17 PM
You make it sound as if you know what you are talking about... I don't think you have a fing clue.
You are right Todd, he doesn't know what he is talking about. Don't forget: he's an xtian.
Mike Mazzone of Palatine
January 14th, 2005, 12:15 AM
Anyway, specualtion in silver is like specualtion in any other commodity, and they don't call the jew-elry business jew-elry for nothing. Jewelry: silver, gold, diamonds get it Todd... :D
The majority of silver is used not as jewelry, but as a vital industrial resource second only to crude oil in how essential it is that vast quantities of the material must be consumed for manufacturing computers, cell phones, photography, solar energy, water purification.
http://www.silverinstitute.org/uses.php#solar
Walter E. Kurtz
January 14th, 2005, 12:22 AM
......
Naturally, if enough Mexican one ounce silver coins were sold to foreigners & tourists it would strengthen the peso. Although, the sales of the coin would have to be huge to make a blip in the general scheme of things.
Likewise, if the US Treasury sold enough of their Silver Eagle coins to foreigners and tourists, the US dollar would be strengthened. Hmmm. Maybe you should consider a position on the FOMC of the Federal Reserve someday. The USA could use some new ideas.
Mike Mazzone of Palatine
January 14th, 2005, 12:32 AM
I know nothing about this, so this might be a stupid question.
If Mexico starts circulating silver currency, won't some of it, maybe a lot of it, circulate right out of the country? That could be good for the people who want to buy silver, but could it be bad for Mexico, and possibly make the peso worth even less?
It most certainly will be sold to foreigners who bid the highest, but in Mexico they will have enough silver coins circulating for their own use. That is the why the Mexican government wants to remonetize them so that the citizens can bid for them in pesos before foreigners buy more of them, bidding higher for whatever percentage of the silver in stock is left after the citizens get enough to use as money.
That could be good for the people who want to buy silver, but could it be bad for Mexico, and possibly make the peso worth even less?
It would make the peso worthless, which is why the Jewish bankers don't want to lose the control of their monopoly. 96% of Mexico wants the silver, not the Jewish banking monopoly.
Mike Mazzone of Palatine
January 14th, 2005, 01:19 AM
The current exchange rate is approx. 11.10 pesos equals $1 dollar.
Six and 7/10 dollars buys an ounce of silver. USA $6.70 = 1 ounce of silver.
Mexico is kicking around the idea of selling a one ounce silver coin. It would all depend on how much they would price the one ounce silver coin, and how many they intended to mint. As of today 75.36 pesos will buy an ounce of silver. Of course the average Mexican makes about a dollar an hour, top dollar foreign employers like Volkswagen pay between 5 and 6 dollars an hour in Mexico.
Naturally, if enough Mexican one ounce silver coins were sold to foreigners & tourists it would strengthen the peso. Although, the sales of the coin would have to be huge to make a blip in the general scheme of things.
At $6.70/oz, Libertads sell for $7.85/oz and American Eagles sell for $8.70 at American Precious Metals Exchange. Generic 1 oz fine silver rounds sell for $7.25.
http://apmex.com/shop/shop_silver.asp?orderid=0
Sales of Silver Eagles in 2004 was 9.6 million ounces.
http://www.investmentrarities.com/01-11-05.html
Silver Eagle sales for 2004 were strong, at over 9.6 million ounces, making it the 2nd best year in the past 15, and 3rd best since the program began. All told, when you add in Proof Eagles and other coins and all the commemorative issues by the US Mint, the government is buying a million ounces of silver a month on the open market. This demand should remain strong as far as the eye can see; or at least until a price emergency occurs in silver.
As of today 75.36 pesos will buy an ounce of silver. Of course the average Mexican makes about a dollar an hour, top dollar foreign employers like Volkswagen pay between 5 and 6 dollars an hour in Mexico.
This is why the Mexican government and 96% of the populace don't want to get paid in dollars and pesos anymore. They are tired of the Jewish bankers taking all their money via inflation. They want the Libertad.
A dollar a day was standard wages for a long time in America, back when a dollar was .77 ounces of silver.
Mike Mazzone of Palatine
January 23rd, 2005, 06:46 PM
The reason jews are in the jewelery biz is because the stupid white people think it is worth the mark up for its symbolic value... so the jews take the metal and put it together w/ diamonds and they make 1000%.
There aren't any diamonds in the ring, but the NA is now selling sterling silver rings at over a 1000% markup on silver spot price, considering that there's not likely to be an entire troy ounce of silver in the ring. It's certainly not an efficient way to invest in silver, but I'm sure that there are some people who think the $60 is worth the symbolic value.
http://www.natvanbooks.com/cgi-bin/webc.cgi/st_prod.html?p_prodid=923&p_catid=23
http://www.natvanbooks.com/cat/88.gif
Warhammer
January 23rd, 2005, 06:53 PM
There aren't any diamonds in the ring, but the NA is now selling sterling silver rings at over a 1000% markup on silver spot price, considering that there's not likely to be an entire troy ounce of silver in the ring. It's certainly not an efficient way to invest in silver, but I'm sure that there are some people who think the $60 is worth the symbolic value.
http://www.natvanbooks.com/cgi-bin/webc.cgi/st_prod.html?p_prodid=923&p_catid=23
http://www.natvanbooks.com/cat/88.gif
This is just one of many reasons I just stopped sending in dues six months ago. I couldn’t get a handbook, but they want to sell me a $25.00 ring for three times that? Maybe they should expand the product line to include Dr. Pierce toilet seat covers so they won't be the only ones shitting on his memory.
Rounder
January 23rd, 2005, 07:56 PM
Interesting thread.
Since silver has been a valuable and negotiable currency for thousands of years, it seems to me it ought to be the same, when the economy collapses and paper money becomes useless or virtually so. When that happens, and I for one am convinced it will and soon, pre-1965 silver dimes, quarters, half-dollars, and dollars will be highly sought after for bartering for life's essentials.
I'd appreciate expert opinions on this, as I am seriously thinking of buying then burying some. All VNN'ers might ought to do the same.
Mike Mazzone of Palatine
January 23rd, 2005, 09:40 PM
Rounder, here is a good article about bartering with precious metals in the future. The guy who wrote it has been a precious metals broker since 1977 and has written 5 books and hundreds of columns, so I consider it to be expert opinion.
I agree with this article that when our current paper money system collapses, a new fraud or frauds will be created in it's place. Those who keep their wealth in precious metals will be able to preserve the wealth that they will otherwise lose when the paper currencies we use today become worthless.
http://www.gold-eagle.com/gold_digest_03/stott041203.html
BARTER
Don Stott
In 1933, at the height of the depression, an unemployed, broke, actor, by the name of Robert Porterfield, tried something new, to keep himself in food. He took an old movie theatre in Abingdon Virginia, (It had a stage too) and offered plays to the public, for anything they had to give, as an admission price. The name "Barter Theatre" stuck, and it is still going, with famous actors and actresses playing the house regularly. I last went to a production there in 1998. One day a year, the Barter Theatre offers a show for literal barter, to keep the memory alive. Back in the depression, most people brought home-canned goods to go to the plays, but one guy bartered a live hog, and once a fellow offered a dead rattlesnake, and was admitted. This was true barter. However, there were no movies offered, as the film companies wouldn't take put up tomatoes, as rentals for their flicks. This was stage acting, not movies. Barter has its limits, in other words.
We all barter every day, in some way or other. We offer rewards to our kids for good grades, or might take them somewhere as a reward for good behavior. We offer a meal to a stranger for work he may do in the yard, and the homeless, many times, are given a meal and a cot to sleep on, if they go to worship service. This is barter also.
e-Bay is barter. Paper money offers for goods, and the bidding goes on till a certain time, and the sale is completed. This is barter. Auctions are barter, with the auctioneer taking bids, till he says, "sold." When you haggle with a used or new car salesman, you are bartering your paper money or credit worthiness, for his car. This is also barter, and if thought is given to the bartering process, it goes on daily, and in every sector. Romance is barter! The good looking guy gets the best gal he can get, and vice versa. Do women primp, get tanned, keep slim, and dress well, for their own benefit, or to get the best guy? Doesn't a single guy buy that sports car, and make himself attractive in every way possible, to get the best gal he can? When a person is applying for a job, do they always dress for it, and preen their qualifications? This is also barter, only as an indirect form. We all do the best we can, with what we have to offer.
The dictionary definition of barter is, "to exchange goods or services without the use of money." Most of the above situations fit that description, although a broad, general definition, would be "bargaining," I believe.
So why am I getting into this? Quite simply, because a lot of precious metals holders believe, that at some future date, they may have to barter their tangible wealth, for physical goods…to survive. I do appreciate the theory, and understand that the currencies of the entire world are going down in value, and for the first time in history, none seem to be backed by anything. The possibility exists, that all may go kaflooey eventually, and become worthless, making us all barter to survive. I consider that possibility so remote, as to be almost impossible. Why? Follow me and my thoughts, which I consider to be logical, not emotional. Emotions say that it will happen. Logic says it is close to impossible.
Go back to the Barter Theatre in 1933. The dollar was sound, and backed by gold. The coins were 90% silver. Barter became a necessity, because no one had any of them. The depression put 25% of Americans out of work. The money in circulation was good, but hard to come by. Some industrious Americans thought of a way to survive…by bartering. There was no way to write a check for canned strawberries, nor could one wire a live hog to a distant city, to pay for needed goods. Film companies needed dollars for film rentals from theatres, to pay for production costs, salaries, transportation, and all that goes with motion picture film production and distribution, and no form of barter could possibly work. The Barter Theatre, bartered for stage talent, and not films. The projection booth went unused, although it is still there.
Currencies are necessary for a civilization to carry on. Think about it. Could you barter a can of hominy for a quart of motor oil at a gas station? Possibly, but the proprietor of that gas station, has to purchase his oil from the distributor, who has to purchase it from the refiner, and the refiner has to pay for the oil from the well owner, etc. This all takes transferable currency, in the form of checks, wires, or physical cash.
Take the super market, which furnishes our food stuffs. How could a super market barter for anything? Their profit margins are 11% on average, and the food field is highly competitive. The super market manager must pay for his food from the warehouse or supplier, with dollars. Dollars, in the form of checks written on bank deposits, and mailed to the supplier, or given to the truck driver upon delivery of goods, which is known as C.O.D. (cash on delivery).
There are millions of items for sale every day, from various locations, and hundreds of millions of buyers, in different locations. All want different things, in different quantities or qualities. They want different colors, weights, sizes, or viscosities. They want appliances of different sizes, and brand names. They want different sizes of tires, or boxes of Rice Krispies. Hundreds of millions of consumers, want millions of items from retailers, wholesalers, manufacturers, distributors, or jobbers. They want different gasolines, brands of cars and trucks, and thread counts in sheets they sleep on at night. Commerce is a wonderful thing, but could not exist without currency. Without currency, we would be back in the stone age instantly. When you buy gold and silver from me, (palladium is a great buy now) can I take your peach butter? No, because you live in Hawaii, I live in Colorado, and the metal may be shipped to you from California, Utah or New York. You send me a check, and I send a check to my supplier. How could barter ever work beyond arm's reach? It can't.
Well then, why do we buy gold, silver, and others? We buy them, because the currency may be necessary, but it is unbacked, basically worthless, and is self destructing with all due dispatch. (We should buy palladium, because it has gone from $1600 an ounce, to $180, and looks great to me, as a way to "make money.") I don't like what is called "money," as I think it is a gigantic fraud, perpetrated by self serving politicos, who use this sham, to deceive and get re-elected. We buy gold, silver, (and palladium?) because we want out of dollars, because dollars are a failing measurement. That's why. At some future date, when the dollar fails more, we will have "hedged" ourselves. We can sell the gold we bought at $350, for $1,000. If we had placed the $350 in the bank, it would bring $375, because of interest, while gasoline would have gone from $1.75 to $6. Butter would have gone from $2 a pound to $6.50, and every single thing we buy, would have perhaps tripled in dollar price…or more, without limit. We would have preserved our assets. But to think we will have to barter for our very existence, to me, is a virtual impossibility, because it simply cannot work beyond arm's reach.
As the dollars go down, a new one will be invented. As the euros, francs, pesos, yen, or whatever, go down, they will be replaced by more frauds I am sure. But the fiat will be transferable to distant cities by check or wire. How does one give change, when one offers a one ounce silver coin, for a pound of meat? How is the butcher supposed to pay for the meat? It simply cannot work. When the colonies were first established almost 400 years ago, they used British, French, and Spanish paper money for trade, not gold and silver. As they got on their feet, they established their own currency, known as the Continental Dollar, which of course, eventually became worthless, giving us the phrase, "Not worth a Continental." Maybe "Not worth a dollar," will eventually come into being, I don't know. How about the phrase, "Save your Confederate money boys, the South will rise again?" Actually, a genuine Confederate bill is worth more than its face value because of its antiquity, and the South has not risen again, unfortunately.
Protect yourself, but don't count on bartering.
Don Stott
April 12, 2003
Mike Mazzone of Palatine
January 23rd, 2005, 10:14 PM
Maybe they should expand the product line to include Dr. Pierce toilet seat covers so they won't be the only ones xxxxxxx on his memory.
This is the civil forum, Warhammer. Refrain from swearing here, it's part of the rules.
Rounder
January 24th, 2005, 09:07 AM
Thanks P.C.
Isn't it true BTW, that during the depression, it was illegal to own gold ? And was it also illegal to own siler ?
I suspect the feds will make it illegal again, when the economy collapses - "in the interests of national security." Then the jews' media will kick in and declare it treasonous to own gold or silver.
What's percent of pre-1965 coins is silver ? Something like 77 percent, isn't it?
Antiochus Epiphanes
January 24th, 2005, 11:33 AM
No, the feds will never make it illegal to own gold again, because the Jews want to have the right to own specie in case they get kicked out. in the 1930s there was no Israel and they thought America was the next best thing, and they were coming here thick as flies from Europe, not planning on skedaddling.
Of course, I understand that there has been a net backwards flow from Israel to the English speaking nations of US, Canada, and UK for the past few years or so--
http://www.jewishsf.com/bk030829/1a.shtml
http://www.thejewishweek.com/news/newscontent.php3?artid=8239
Mike Mazzone of Palatine
January 24th, 2005, 03:42 PM
Isn't it true BTW, that during the depression, it was illegal to own gold ? And was it also illegal to own silver ?
Gold was made illegal to own in America from 1933 to 1971. The only gold that was actually confiscated were the gold coins held in safety deposit boxes at banks, and every troy ounce was replaced with $35. The only people who were still allowed to own gold were jewelers, and they were only allowed to possess a small quantity at a time. Absolutely no one was ever prosecuted for owning gold from 1933-1971. If you kept gold coins buried somewhere or stashed in your sock drawer back in 1933, you would have still had them in 1971 and even better, you would have had them in 1980 when you could have gotten $800 per troy ounce instead of the $35 the US government would have given you when gold possession was outlawed.
90% silver dimes, quarters, half dollars, and dollars were still circulated during this era. In 1965, the US started making all the coins without silver and removing the silver coins from circulation. Silver was never made illegal to own.
What's percent of pre-1965 coins is silver ? Something like 77 percent, isn't it?
It was always 90% silver prior to 1965. From 1965-1969, half dollars were lowered to 40% silver.
The .77 is how many troy ounces of silver was found in one silver dollar. Here are the quantities of silver found in all 90% silver coins:
* Silver dollars contain 0.77344 Troy oz. silver content
* Half dollars contain 0.36169 Troy oz silver content
* Quarters contain 0.18084 Troy oz silver content
* Dimes contain 0.0723 Troy oz silver content
Rounder
January 24th, 2005, 08:33 PM
Thanks again, P.C. You're obviously an authority on precious metals.
Mike Mazzone of Palatine
December 4th, 2005, 05:37 PM
More countries support silver remonetization.
http://www.gata.org/LatinCongressConsidersSilverCoin.htm
LATIN AMERICAN CONGRESSMEN CONSIDER THE SILVER COIN
Latin American Parliamentarians are enthusiastic about introducing a pure silver coin for common regional use as money.
Sao Paolo, Brazil, November 25, 2005 -- The proposal to monetize a standard 1-ounce pure silver coin by means of a quote issued by each national central bank in terms of each country’s currency and with similar seigniorage has crossed Mexico's border and has been well received by Latin American legislators.
The proposal to turn the Mexican “Libertad” 1-ounce silver coin into a coin of common use has arrived before the full Latin American Parliament here. This organization was founded in 1964 and is composed of delegates from the national congresses in Latin America. It is devoted to regional integration.
Congressmen from Mexico's three main political parties explained the benefits of this citizen proposal, which supersedes political differences and is being considered by Mexico's lower house of Congress, the Deputies Chamber, and proposed the adoption of the silver ounce as a common currency for Latin America. The coin would bear different national symbols in each country.
Mexican Congressman Fernando Guzmán said the silver coin could become the “glue” for a monetary unification of Latin America, following the example of the euro in Europe. “The silver coin is the adhesive, the glue, that we require for a strong, regional monetary unification,” Guzman said in his speech.
Guzmán, from the PAN party, and his fellow Mexican congressmen, Benito Chávez of the PRI party and Rafael Candelas of the PRD party, showed their colleagues from 22 countries how the Mexican proposal could provide a basis for a model of regional integration.
According to the proposal, each country would coin its own silver ounce with the same purity and weight. The coin would be assigned each day a value in each national currency by the national currency's central bank, with a uniform seigniorage, but the assigned value would not be engraved on the coin, so that the coin's value in each national currency might vary. The only difference between the coins in each country would be the national symbols engraved on them.
The Mexican legislators explained that since the silver ounce coin would not have an engraved nominal value, its quoted value would rise with the price of silver but the central banks would never assign it a lower currency value than any value previously assigned to it. This guarantee against a lower currency value is an indispensable feature for a silver coin to be used as money, since, if the coin's intrinsic silver value is ever greater than the coin's quoted currency value, it would be withdrawn from circulation and hoarded or melted into bullion.
The Mexican legislators stressed the silver coin's great attraction for popular savings and the insurance the coin would give ordinary families against currency devaluation in monetary crisis, which have been common in Latin America.
From the political point of view, the Mexican congressmen argued that the silver ounce would favor social cohesion and reinforce the confidence in Latin American governments.
Each Latin American Parliamentarian received from the Mexican delegation a 1-ounce silver “Libertad” as a gift, and this may have won sympathy for the project, since after several decades of suffering the absence of real money, Latin American leaders were able to feel once again the weight of a silver coin in their own hands.
Brazilian Congresswoman Veronica C. said: “This is an important proposal that Mexico is presenting and we must take it to our own countries to see if there is a possibility of establishing the same coin. The benefits are manifold. This is a coin with a real value and not a symbolic value, which is important.”
Jorge Possi, an Uruguayan congressman, commented: “This is a good way for the majority classes. … If this works it could protect people from the cycles of the economy, from devaluations, and other problems that Mexico and other countries have had."
Armin Diez, an Uruguayan congressman, pointed out the benefits of “stability, the backing that the national economy itself will have," adding, "I think it is most interesting. It is an alternative that each country may choose to copy."
Thus the Latin American legislators agreed that the proposal for a silver coin represents a safe and trustworthy alternative for the people of their respective countries.
Hadding
December 4th, 2005, 06:21 PM
There aren't any diamonds in the ring....
The price of diamonds is maintained artificially high by the Oppenheimer family, which has a near monopoly. Don't buy diamonds.
I am not sure why going off the Jew-Usury System necessarily involves using a precious metal as money. The Third Reich did okay with its own government-issued fiat currency.
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