Posts Tagged ‘jones’
Veteran gold and silver trader comments on coming economic collapse and the need to own gold and silver coins in lieu of paper money.
Duration : 0:6:47
Alert - 10 May 2009
The US Dollar Breaks Down
Last week the US dollar dropped 2.7% against both the euro and the Swiss franc. The dollar fell 2.4% against the basket of currencies comprising the US Dollar Index.
The dollar has been in a bear market rally since last July. Last weeks decline is further evidence that this bear market rally has ended, which is clear from the following chart.
http://goldmoney.com/en/images/commentary-images/commentary-charts/alert_2009-05-10a.jpg
The last bear market rally in the US Dollar Index topped out on November 16, 2005 at 92.33 (green dashed line). The current bear market climbed to only 89.11, well below the previous peak, which is a clear sign of weakness. The pattern of lower highs therefore remains intact, confirming that this index is still declining within a long-term downtrend.
Importantly, we can see that the US Dollar Index has now broken down from the uptrend channel marking the present bear market rally. Then on Friday it easily knifed down through its 200-day moving average, currently at 83.01. Next support for the index rests around 80, which marked the December 2004 low (red dashed line).
It is too early to say that the US Dollar Index is headed for a new all-time low. It may be that this index is just moving into a broad trading range, say, between 89.11 and the black dashed line. After all, the euro and other currencies that make up this index are not in much better shape than the dollar. In other words, the purchasing power of all national currencies is being inflated away.
http://GoldMoney.com/en/commentary/2009-05-10.html
Duration : 0:3:20
Ron Paul in 1983 getting on their as usual about destroying our economy, currency and country - why, how and what was going to happen - and that at some point something has to be used that has real value and not this fiat paper money which is now nothing more than the ink and paper that it is printed on, and the only reason it has worked this long is because at one time it *did* have gold backing which created *confidence* which the dollar has been “coasting” on since, but is of course gradually losing it’s momentum originally produced by the gold backing, losing confidence because of the removal of gold backing, which will at some point become *worthless* and that real commodities like gold, silver, CIGARETTES, coffee, herds, cattle, flocks, land, wheat, corn, beans, honey and oil will need to be used for money or as backing for MONEY again!!!
SOME kind of backing and abolish this credit and debt-based currency and economy based on the “flexible currency” introduced when backing was abolished.
It must again be based on PROPERTY and not just ink and paper.
Duration : 0:3:10
The breaking point for the American consumer is imminent.
September 1st 2008- National Gas $5
September 1st 2008- California $5.25
September 1st 2008- Oil 175
*It should be noted that in the video I said 5 dollars by august for gas and 175 for oil by September.
My gas forecast is for September not august.
Wild Card Scenarios that would bring about a collapse in weeks, not months.
1. Attack on Iran causing oil to soar past 250 dollars a barrel within 72 hours.
2. Hurricanes damaging refineries causing gas to soar past 6 dollars within days.
3. China or other nations causing a run on the dollar.
* These are the most likely wild cards, obviously there are many more.
Data for Video
http://online.wsj.com/article/SB121236060176236293.html?mod=todays_us_page_one
Foreclosures just keep rising
Silver Manipulation
http://GoldMoney.com/en/commentary/2008-05-22.html
Mid summer dollar crisis, what we need to see
http://goldmoney.com/en/commentary.php#current
Mr. Mortgage, un real stats
http://www.youtube.com/watch?v=t997hlTqepw
Hurricane could kick it off
http://www.breitbart.com/article.php?id=D912OOLG0&show_article=1
Credit Card use surging
http://www.cnbc.com/id/24948627
Housing getting worse
http://biz.yahoo.com/ap/080605/home_foreclosures.html?.v=6
dry run for marshal law
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/04/AR2008060402205_pf.html
Duration : 0:10:5
Go to http://www.goldiac.com/ to open a free gold storage account.
The gold standard is a monetary system in which a region’s common media of exchange are paper notes that are normally freely convertible into pre-set, fixed quantities of gold. The gold standard is not currently used by any government, having been replaced completely by fiat currency, and private currencies backed by gold are rare.
Gold standards should not be confused with their historical predecessor, “gold-coin standards”, wherein taxes are payable in either gold coins or overvalued, government-minted and less expensive coins.[citation needed]
The main purpose of either government money system has historically been to provide seigniorage, or money-creation profit, to governmental leaders in order to provide them with general purchasing power during emergencies, especially those leaders who are legislatively constrained and therefore unable to raise taxes in order to execute the defense commitments that are required for the survival of their states.
Go to http://www.goldiac.com/ to open a free gold storage account.
Gold standards replaced gold-coin standards in the 17th-19th centuries in the West as the extent of defensive warfare expanded to where the gold-coin standards were no longer sufficient to the task. A similar history generated a gold standard in China from the 9th through the early 17th century. As gold standards have created deflationary periods they have been abandoned, as by President Roosevelt during the Great Depression.
RON PAUL
Ronald Ernest Paul (born August 20, 1935) is a Republican United States Congressman, physician, and bestselling author from Lake Jackson, Texas. He is regularly featured on CNN and other US News outlets, and has a large base of supporters often called the “Ron Paul Revolution.” He is also the founder of the Campaign for Liberty.
Originally from the Green Tree suburb of Pittsburgh, Pennsylvania, he graduated from Gettysburg College in 1957, then studied at Duke University School of Medicine; after his 1961 graduation and a residency in obstetrics and gynecology, he became a U.S. Air Force flight surgeon, serving outside the Vietnam War zone. He represented Texas districts in the U.S. House of Representatives (19761977, 19791985, and 1997present). and entered the 1988 presidential election, running as the Libertarian nominee while remaining a registered Republican. He placed a distant third. He was a candidate in the 2008 Republican presidential primaries, where he was placed fourth, and refused to endorse the candidate chosen by the 2008 Republican National Convention, John McCain.
Paul has been described as conservative, Constitutionalist, and libertarian.[2] He advocates a foreign policy of non-intervention, having voted against actions such as the Iraq War Resolution, but in favor of force against terrorists in Afghanistan. He favors withdrawal from the North Atlantic Treaty Organization and the United Nations, citing the dangers of foreign entanglements to national sovereignty. Having pledged never to raise taxes, he has long advocated ending the federal income tax, scaling back government spending, abolishing most federal agencies, and removing military bases and troops from foreign soil; he favors hard money and opposes the Federal Reserve. He also opposes the Patriot Act, the federal War on Drugs, No Child Left Behind, and gun regulation. Paul is strongly pro-life and has introduced bills to negate Roe v. Wade, as he believes the Supreme Court has usurped each state’s right to allow, regulate, or ban abortion.[3]
His book, The Revolution: A Manifesto, became a bestseller immediately upon release[4] and went on to be #1 on the New York Times nonfiction best sellers list.
Duration : 0:10:59
Please visit http://www.stockshotz.blogspot.com for more great info. Hear our interview with James Turk from February 19, 2009. You can add James Turk to the list of people that agree with Peter Schiff that an ounce of gold will equal the Dow Jones industrial average. Hear his perspectives!
Duration : 0:10:0
Interview with Bill Murphy of www.GATA.org and www.LeMetropoleCafe.com
Duration : 0:7:39
Learn what a “fiat currency” is and why its a scam.