KTFA:
BACKDOC: THE MIDDLE EAST WILL SOON PRODUCE A CORNUCOPIA OF MINERAL UNLIKE EVER SEEN IN THE WORLDS HISTORY!
BLACK GOLD? MMMM CHILDS PLAY WEALTH COMPARED TO WHAT WILL SOON BE REVEALED!
WITH OZ FUNCTIONING OUT OF SINGAPORE THE WORLDS WEALTH CAN NOW BE REDISTRIBUTED WITH EASE!
ALL FOR ONE AND ONE FOR ALL! DOC IMO
....
BACKDOC: THE MIDDLE EAST WILL SOON PRODUCE A CORNUCOPIA OF MINERAL UNLIKE EVER SEEN IN THE WORLDS HISTORY!
BLACK GOLD? MMMM CHILDS PLAY WEALTH COMPARED TO WHAT WILL SOON BE REVEALED!
WITH OZ FUNCTIONING OUT OF SINGAPORE THE WORLDS WEALTH CAN NOW BE REDISTRIBUTED WITH EASE!
ALL FOR ONE AND ONE FOR ALL! DOC IMO
....
Dnari131: Def quite the Cornucopia Doc
IMO, Everything is resetting against gold not the dollar now . The dollar has to reset against gold as well
Which forces them to bring out new currency here..if there truly has been/is such a thing..china, soros etc.."cough cough"
Then the fed notes coming flooding back here. OOps went too deeep? hehe
Mountainman: Hey Bro.....Love Your Comments......IMO, SOROS is Simply HEDGING Himself Against the MARKET REPRICING/DEVALUING of the US DOLLAR.......These KINDRED Work Together/Against Each other......(THEY) Always Know The DETAILS.....By DESIGN.....
Blessings,Mountainman (8)=New Beginnings.......for.......SERIOUSLY........
************
Mountainman: So I'm Merely SPECULATING HERE......but w/ {ALL} that's COMING Down the CASCADE of GLOBAL MR FALLS......We Know that they/ IRAQ will HALT their AUCTIONS at Some POINT in this PROCESS.....
WS, The Article Yesterday IMO....(ALLUDED) to this same Idea
Here.....Here is the Article Link and VERBIAGE HIGHLIGHTED.......Again Just My Thoughts....Hmmm.....NAPHTALI Pointed this Out to Me w/ Yesterdays Article......
Blessings,Mountainman (8)=New Beginnings.......for .......I SAID......A "START" to STOP.....The AUCTIONS.....Perhaps....Hmmm
Walkingstick: Video: negotiations between Iraq and the IMF was nearing its end......Post #140....WS
Wednesday 18 May 2016
Affect the disbursement of these loans resources for hwy participation in the overall Parliamentary session to be held to Resolve the Political crisis, Which included the terms of an alliance of Iraqi forces to the Iraqi Government get out of the amounts due to the displaced allocated in the annual budget law, the while the Kurdistan Regional Government calls for securing its share of international loans to Incur Sheltering displaced costs and the war Against Daash.
According to Observers, these loans That the Iraqi Government rushing to get them, but a new rule Increases the hottest debate Political and auctions will not be, color : as will pay the price citizen double over taxes and heavy fees That the Government continues to Impose the program A and in Increasing the proportion of Languishing citizens below the Poverty line. you can watch the report on the video the above.
http://ift.tt/1rXPJa3
************
Mountainman: ???...... Can Anybody tell Me WHY.......We WOULD {NOT} have SEE ANYTHING from IRAQ'S/IRAN'S Monetary Reforms.....UNLESS the(FAMILY)=/1......Had ESTABLISHED and IMPLEMENTED this DIGITAL HIGHWAY to the NEW WORLD ORDER.....
Thus the REASON I stated (WHY) IMO.....We hadn't Seen EVERYTHING that We [NOW] SEE happening w/ IRAQ/IRAN and EVERYONE Else From the BREXIT and on to the {NEXT} Downward "FALLS" of the NEW GLOBAL REALITY= from Here FORWARD......
So Now things Can FLOW Down the FALLS of the NEW REALITY and {TRANSITION}.....
So CONNECT the DOTS.....for that is WHY DOC,HAWK,PJ, have Brought {ALL} these GLOBAL ARTICLES that Are INTENTIONAL and SIGNIFICANT to Understand The [FLOW] of WHERE,WHEN,and WHY......the M O N E Y FLOWS as We are SEEING it NOW......DOWN the [CONTROLLED] CASCADE,FALLS of CHAOS......IMO
Blessings,Mountainman (8)=New Beginnings......to CONNECT the NEXT Set of DOTS
************
Mountainman: And Here We Go......The RE-INTEGRATION PROCESS is Moving Forward......PROGRESS .....NOW is Key to GLOBAL TIMING..Which is WHY HAWK HIGHLIGHTED=It's Been DONE Behind the SCENES and {NOW} We See it...Hmmm...IMO
Blessings,Mountainman (8)=New Beginnings.....for GLOBAL TIMING
Thunderhawk: CBI chief calls for west's fulfillment of JCPOA commitments
Governor of Central Bank of Iran (CBI) called for the seriousness of the Western and European countries to fulfill their commitments concerning the Joint Comprehensive Plan of Action (JCPOA).
'Relinking Iran to International Financial Society'.
He reiterated that the West has to fulfill its commitment at any price, and said that the negotiating sides were aware about the financial problems facing Iran during the talks in Vienna.
'The western sides should try to establish the western banks' relations with Iran sooner than later,' Seif added.
The CBI governor said that the western sides have already taken the primary steps to implement the JCPOA, adding, 'Such efforts should turn into practical progress.'
http://ift.tt/1TK5Uhr
************
Mountainman: SHEESH HAWK.....Do You Think (IRAN) Knows Something......Do You THINK INDONESIA Does Too.....Yes INDEED A COOPERATION......For IRAN/IRAQ'S RE-INTEGRATION.....DONE BEHIND the CURTAINS of OZ.....W/A Sneak Peek for
of A COMING MOVIE TRAILER for {ALL} to See.....Hmmmm...IMO
Blessings,Mountainman (8)=New Beginnings......for REALITY TV.......
Thunderhawk: Indonesian official: Iran, Indonesia to broaden banking cooperation
Minister of Finance and Economic Affairs Ali Tayyebnia conferred on Thursday with Indonesian Vice President Yusuf Kalla on expansion of economic, political as well as banking cooperation between the two countries.
In the meeting, Indonesian Vice President said he has given required directives for establishment of banking cooperation with the Islamic Republic of Iran and it is expected to witness economic breakthrough with the country.
Minister of Finance and Economic Affairs Ali Tayyebnia has attended the 41st Annual Meeting of Islamic Development Bank (IDB) Group in Indonesia on May 15-19 and expressed concern over
It is expected to witness all-out economic relations and cooperation with Indonesia in line with both sides political ties, he said.
After round of tough talks with G5+1, the Islamic Republic of Iran could successfully get rid of unjust economic sanctions imposed against the country and is now ready to broaden economic cooperation with Indonesia without any limits and restrictions, Tayyebnia said.
To tackle the problems, Tayyebnia urged the members of the Organization of the Islamic Cooperation (OIC) to strengthen economic cooperation in joint investment.
He stressed on making such investment with the help of Islamic Development Bank.
Tayyebnia then pointed to Iran's measures taken to develop scientific approach in both international and regional arenas.
http://ift.tt/1rXPoE5
************
Mountainman: Well this ONE is ACTION PACKED......LITERALLY....GOLD is A HARD ASSET.....It Also Maintains It's VALUE......But SCRAPE AWAY {ALL} the FLUFF and For the Individual It's WISE to Have.....However w/ the CURRENT LAWS the Govnmnt is Required to Know "WHERE" You have it.....So (THEY) can Come Take it....."IF" the So Called NEED for The COUNTRIES sake Arises....IMO
However the BIGGER PICTURE is How it will be Used in Backing CURRENCIES and as The IMF has said....[OIL] will be Used as A UNIVERSAL CURRENCY for EVERYONE.....therefore, This ARTICLE is Meant to Somewhat Mislead People.....
FIRST=Historically GOLD would have the Ability to Keep the FIAT PRINTING PRESS in Check to A Degree.....But we See thru the Annuls of Time.......that (THEY) Created Loopholes and Ways to MANIPULATE it's VALUE.....and (THEY) do that to this DAY and WHEN the NEW REALITY Comes...... IMO......WATCH GOLD GO DOWN.....Hmmm......
But NOW w/ the NEW DIGITAL ENTRY HIGHWAY of CURRENCY thru SINGAPORE.....Gold will Create a Sense of CONFIDENCE.....but Don't be FOOLED Into Believing that An ASSET BACKED CURRENCY is Going to Be Completely Restrained NOW.....for it Will (NOT)......IMO
SECOND=the FED will Go AWAY and the INTERNATIONAL US DEBT w/It......CONVENIENT wouldn't You say.....But Us.....Oh NO....Our PERSONAL DEBT Remains....P E R S O N A L.......
No PASS.....No COLLECT $200.00 ......So SECURITIZE Ones Money......for (THEY) Are......INDEED......LAST but NOT LEAST=and I can't Emphasize HOW IMPORTANT the UNDERSTANDING of (WHY) SINGAPORE.....It Opens [ALL] PORTS,LOANS with UNLIMITED ACCESS for 12/1......At Will......So the GOLDEN HIGHWAY to OZ is NOW OPEN for Business........
REMEMBER the ARTICLE CONNECTING (FINCEN) from the UK to SINGAPORE........=D I G I T A L.......{ALL} IMO
Blessings,Mountainman (8)=New Beginnings......for (You) ONLY......WHERE there is A WILL......There ALWAYS is A WAY......Just LOOK for It.......
BACKDOC: YES MM! THE WORLD DOES NOT UNDERSTAND THE COMPLICATED INTRICACIES OF BLACK GOLD AND THE GDP RELATION TO THE SDR BASKET!
GOLD AN ASSET? YES! BUT THE NEW STANDARD? AHHH NOOOO
SHINNY, NICE AND A GREAT ASSET BUT NOT THE STANDARD!
BLACK GOLD IS THE NEW RESERVE CURRENCY AND THE NEW STANDARD! DOC IMO
Thunderhawk: Return of Gold Standard: Why Soros is Buying the Precious Metal
Demand for gold has jumped almost 21 percent in the first quarter of 2016, causing some to question whether paper money is doomed and if the gold standard is due for a comeback.
In their latest Liberty Report, former US Republican congressman Dr. Ron Paul and American political analyst Daniel McAdams focused their attention on the fact that the idea of reviving the gold standard has recently caught its second wind.
Although the US financial establishment has repeatedly attacked gold, claiming that it "is not money," the price of the precious metal has made leaps and bounds over the past sixteen years, soaring from $300 per ounce in the early 2000s to more than $1,400 an ounce.
The former congressman stressed that "it is just utterly silly to say [gold] is just a commodity, and not special, no difference, and therefore it would only hurt people because how would it preserve the financial market."
"If gold is money and history is correct — it's been around for six thousand years — gold wins out," Dr. Paul, who has been a torch-bearer for gold since the early 1970's, remarked.
There is yet another reason to return to the gold standard, according to the former Republican congressman.
"[Gold] truly is a special type of commodity and special money… I think that reason why they [US financial establishment] attack gold is gold is the restraining force [it has] on government. If you have an honest gold standard, you will restrain government — government spending, government debt, government special interests, the welfare state, the warfare state — because they can't print the money… Anyone who understands anything about monetary policy understands you just cannot create money out of thin air endlessly and think it will maintain value," Paul underscored.
The experts emphasized that "the Federal Reserve and its fiat currency policy is literally the lifeblood of the warfare state." A century ago, US paper currency could be freely exchanged for gold at a guaranteed rate set by the government; this concept was known as the gold standard. From 1933 until 1971, the dollar was theoretically backed by gold, but only foreign governments could exchange US dollars for gold and private citizens couldn't buy bullion for speculative purposes. However, since 1971, the price of gold has been allowed to float and the US government doesn't back the 'fiat' money it prints with precious metal.
If the Fed's endless money printing is suspended and limited by some sort of commodity-backed currency, the "warfare state," the omnipotent military industrial complex and influential Wall Street bankers will lose a big deal of their power, Paul claims.
Paul and McAdams pointed out that even "gold haters" have realized that something is going on and have tried to marginalize the gold standard concept. They referred to the article "Make America Gold Again: Calls for Everyone's Favorite Standard Are Back" by Michelle Jamrisko of Bloomberg, which was published on May 17.
"'The fringe has become the mainstream,' said Jesse Hurwitz, a US economist at Barclays Capital in New York. He sees the gold standard as a bad idea but 'something we'll increasingly talk about,'" the article reads.
Jamrisko also quoted George Selgin, director of the Center for Monetary and Financial Alternatives at the Cato Institute in Washington, who believes that the gold standard is just a proverbial "Humpty Dumpty" that is hard to put back together.
And still, "for those in the US who see much risk and little benefit in the current course, gold is still a rallying point. And their audience may be growing," Jamrisko remarked.
Maybe the best argument in favor of gold is that American legendary investor and billionaire George Soros has recently sold 37% of his stock and bought a lot more gold and gold stocks.
"George Soros, who once called gold 'the ultimate bubble,' has resumed buying the precious metal after a three-year hiatus. On Monday, the billionaire investor disclosed that in the first quarter he bought 1.05 million shares in SPDR Gold Trust, the world's biggest gold exchanged-traded fund, valued at about $123.5 million," Fortune and Reuters reported Tuesday.
What does it mean?
According to financial analyst and Forbes contributor Adam Sarhan, Soros, like many other experienced investors, worries "about US stocks and a global economic slowdown."
"Gold and gold stocks are one of the direct beneficiaries of the so-called 'risk-off' environment. In fact, Gold is one of the strongest performing markets in 2016 and gold stocks continue to be one of the strongest performing sectors on Wall Street," Sahran writes in his op-ed.
Indeed, demand for the precious metal has jumped almost 21 percent in the first quarter of 2016. Like it or not, gold is doing pretty well.
"When big legendary investors act, history shows us, it is wise to listen," Sahran adds.
At the same time, Ron Paul believes that paper money, when not backed by a valuable commodity, is doomed.
"Our currency became totally fiat paper money in 1971… And it's not doing well, people are panicking over it. It is rather long for paper money but I can guarantee [that] if history means anything at all, if common sense means anything at all, if economic law means anything at all the paper money will self-destruct… Eventually, you have to have a confidence restored," Dr. Paul emphasized.
http://ift.tt/1TK67Bk
IMO, Everything is resetting against gold not the dollar now . The dollar has to reset against gold as well
Which forces them to bring out new currency here..if there truly has been/is such a thing..china, soros etc.."cough cough"
Then the fed notes coming flooding back here. OOps went too deeep? hehe
Mountainman: Hey Bro.....Love Your Comments......IMO, SOROS is Simply HEDGING Himself Against the MARKET REPRICING/DEVALUING of the US DOLLAR.......These KINDRED Work Together/Against Each other......(THEY) Always Know The DETAILS.....By DESIGN.....
Blessings,Mountainman (8)=New Beginnings.......for.......SERIOUSLY........
************
Mountainman: So I'm Merely SPECULATING HERE......but w/ {ALL} that's COMING Down the CASCADE of GLOBAL MR FALLS......We Know that they/ IRAQ will HALT their AUCTIONS at Some POINT in this PROCESS.....
WS, The Article Yesterday IMO....(ALLUDED) to this same Idea
Here.....Here is the Article Link and VERBIAGE HIGHLIGHTED.......Again Just My Thoughts....Hmmm.....NAPHTALI Pointed this Out to Me w/ Yesterdays Article......
Blessings,Mountainman (8)=New Beginnings.......for .......I SAID......A "START" to STOP.....The AUCTIONS.....Perhaps....Hmmm
Walkingstick: Video: negotiations between Iraq and the IMF was nearing its end......Post #140....WS
Wednesday 18 May 2016
Affect the disbursement of these loans resources for hwy participation in the overall Parliamentary session to be held to Resolve the Political crisis, Which included the terms of an alliance of Iraqi forces to the Iraqi Government get out of the amounts due to the displaced allocated in the annual budget law, the while the Kurdistan Regional Government calls for securing its share of international loans to Incur Sheltering displaced costs and the war Against Daash.
According to Observers, these loans That the Iraqi Government rushing to get them, but a new rule Increases the hottest debate Political and auctions will not be, color : as will pay the price citizen double over taxes and heavy fees That the Government continues to Impose the program A and in Increasing the proportion of Languishing citizens below the Poverty line. you can watch the report on the video the above.
http://ift.tt/1rXPJa3
************
Mountainman: ???...... Can Anybody tell Me WHY.......We WOULD {NOT} have SEE ANYTHING from IRAQ'S/IRAN'S Monetary Reforms.....UNLESS the(FAMILY)=/1......Had ESTABLISHED and IMPLEMENTED this DIGITAL HIGHWAY to the NEW WORLD ORDER.....
Thus the REASON I stated (WHY) IMO.....We hadn't Seen EVERYTHING that We [NOW] SEE happening w/ IRAQ/IRAN and EVERYONE Else From the BREXIT and on to the {NEXT} Downward "FALLS" of the NEW GLOBAL REALITY= from Here FORWARD......
So Now things Can FLOW Down the FALLS of the NEW REALITY and {TRANSITION}.....
So CONNECT the DOTS.....for that is WHY DOC,HAWK,PJ, have Brought {ALL} these GLOBAL ARTICLES that Are INTENTIONAL and SIGNIFICANT to Understand The [FLOW] of WHERE,WHEN,and WHY......the M O N E Y FLOWS as We are SEEING it NOW......DOWN the [CONTROLLED] CASCADE,FALLS of CHAOS......IMO
Blessings,Mountainman (8)=New Beginnings......to CONNECT the NEXT Set of DOTS
************
Mountainman: And Here We Go......The RE-INTEGRATION PROCESS is Moving Forward......PROGRESS .....NOW is Key to GLOBAL TIMING..Which is WHY HAWK HIGHLIGHTED=It's Been DONE Behind the SCENES and {NOW} We See it...Hmmm...IMO
Blessings,Mountainman (8)=New Beginnings.....for GLOBAL TIMING
Thunderhawk: CBI chief calls for west's fulfillment of JCPOA commitments
Governor of Central Bank of Iran (CBI) called for the seriousness of the Western and European countries to fulfill their commitments concerning the Joint Comprehensive Plan of Action (JCPOA).
'Relinking Iran to International Financial Society'.
He reiterated that the West has to fulfill its commitment at any price, and said that the negotiating sides were aware about the financial problems facing Iran during the talks in Vienna.
'The western sides should try to establish the western banks' relations with Iran sooner than later,' Seif added.
The CBI governor said that the western sides have already taken the primary steps to implement the JCPOA, adding, 'Such efforts should turn into practical progress.'
http://ift.tt/1TK5Uhr
************
Mountainman: SHEESH HAWK.....Do You Think (IRAN) Knows Something......Do You THINK INDONESIA Does Too.....Yes INDEED A COOPERATION......For IRAN/IRAQ'S RE-INTEGRATION.....DONE BEHIND the CURTAINS of OZ.....W/A Sneak Peek for
of A COMING MOVIE TRAILER for {ALL} to See.....Hmmmm...IMO
Blessings,Mountainman (8)=New Beginnings......for REALITY TV.......
Thunderhawk: Indonesian official: Iran, Indonesia to broaden banking cooperation
Minister of Finance and Economic Affairs Ali Tayyebnia conferred on Thursday with Indonesian Vice President Yusuf Kalla on expansion of economic, political as well as banking cooperation between the two countries.
In the meeting, Indonesian Vice President said he has given required directives for establishment of banking cooperation with the Islamic Republic of Iran and it is expected to witness economic breakthrough with the country.
Minister of Finance and Economic Affairs Ali Tayyebnia has attended the 41st Annual Meeting of Islamic Development Bank (IDB) Group in Indonesia on May 15-19 and expressed concern over
It is expected to witness all-out economic relations and cooperation with Indonesia in line with both sides political ties, he said.
After round of tough talks with G5+1, the Islamic Republic of Iran could successfully get rid of unjust economic sanctions imposed against the country and is now ready to broaden economic cooperation with Indonesia without any limits and restrictions, Tayyebnia said.
To tackle the problems, Tayyebnia urged the members of the Organization of the Islamic Cooperation (OIC) to strengthen economic cooperation in joint investment.
He stressed on making such investment with the help of Islamic Development Bank.
Tayyebnia then pointed to Iran's measures taken to develop scientific approach in both international and regional arenas.
http://ift.tt/1rXPoE5
************
Mountainman: Well this ONE is ACTION PACKED......LITERALLY....GOLD is A HARD ASSET.....It Also Maintains It's VALUE......But SCRAPE AWAY {ALL} the FLUFF and For the Individual It's WISE to Have.....However w/ the CURRENT LAWS the Govnmnt is Required to Know "WHERE" You have it.....So (THEY) can Come Take it....."IF" the So Called NEED for The COUNTRIES sake Arises....IMO
However the BIGGER PICTURE is How it will be Used in Backing CURRENCIES and as The IMF has said....[OIL] will be Used as A UNIVERSAL CURRENCY for EVERYONE.....therefore, This ARTICLE is Meant to Somewhat Mislead People.....
FIRST=Historically GOLD would have the Ability to Keep the FIAT PRINTING PRESS in Check to A Degree.....But we See thru the Annuls of Time.......that (THEY) Created Loopholes and Ways to MANIPULATE it's VALUE.....and (THEY) do that to this DAY and WHEN the NEW REALITY Comes...... IMO......WATCH GOLD GO DOWN.....Hmmm......
But NOW w/ the NEW DIGITAL ENTRY HIGHWAY of CURRENCY thru SINGAPORE.....Gold will Create a Sense of CONFIDENCE.....but Don't be FOOLED Into Believing that An ASSET BACKED CURRENCY is Going to Be Completely Restrained NOW.....for it Will (NOT)......IMO
SECOND=the FED will Go AWAY and the INTERNATIONAL US DEBT w/It......CONVENIENT wouldn't You say.....But Us.....Oh NO....Our PERSONAL DEBT Remains....P E R S O N A L.......
No PASS.....No COLLECT $200.00 ......So SECURITIZE Ones Money......for (THEY) Are......INDEED......LAST but NOT LEAST=and I can't Emphasize HOW IMPORTANT the UNDERSTANDING of (WHY) SINGAPORE.....It Opens [ALL] PORTS,LOANS with UNLIMITED ACCESS for 12/1......At Will......So the GOLDEN HIGHWAY to OZ is NOW OPEN for Business........
REMEMBER the ARTICLE CONNECTING (FINCEN) from the UK to SINGAPORE........=D I G I T A L.......{ALL} IMO
Blessings,Mountainman (8)=New Beginnings......for (You) ONLY......WHERE there is A WILL......There ALWAYS is A WAY......Just LOOK for It.......
BACKDOC: YES MM! THE WORLD DOES NOT UNDERSTAND THE COMPLICATED INTRICACIES OF BLACK GOLD AND THE GDP RELATION TO THE SDR BASKET!
GOLD AN ASSET? YES! BUT THE NEW STANDARD? AHHH NOOOO
SHINNY, NICE AND A GREAT ASSET BUT NOT THE STANDARD!
BLACK GOLD IS THE NEW RESERVE CURRENCY AND THE NEW STANDARD! DOC IMO
Thunderhawk: Return of Gold Standard: Why Soros is Buying the Precious Metal
Demand for gold has jumped almost 21 percent in the first quarter of 2016, causing some to question whether paper money is doomed and if the gold standard is due for a comeback.
In their latest Liberty Report, former US Republican congressman Dr. Ron Paul and American political analyst Daniel McAdams focused their attention on the fact that the idea of reviving the gold standard has recently caught its second wind.
Although the US financial establishment has repeatedly attacked gold, claiming that it "is not money," the price of the precious metal has made leaps and bounds over the past sixteen years, soaring from $300 per ounce in the early 2000s to more than $1,400 an ounce.
The former congressman stressed that "it is just utterly silly to say [gold] is just a commodity, and not special, no difference, and therefore it would only hurt people because how would it preserve the financial market."
"If gold is money and history is correct — it's been around for six thousand years — gold wins out," Dr. Paul, who has been a torch-bearer for gold since the early 1970's, remarked.
There is yet another reason to return to the gold standard, according to the former Republican congressman.
"[Gold] truly is a special type of commodity and special money… I think that reason why they [US financial establishment] attack gold is gold is the restraining force [it has] on government. If you have an honest gold standard, you will restrain government — government spending, government debt, government special interests, the welfare state, the warfare state — because they can't print the money… Anyone who understands anything about monetary policy understands you just cannot create money out of thin air endlessly and think it will maintain value," Paul underscored.
The experts emphasized that "the Federal Reserve and its fiat currency policy is literally the lifeblood of the warfare state." A century ago, US paper currency could be freely exchanged for gold at a guaranteed rate set by the government; this concept was known as the gold standard. From 1933 until 1971, the dollar was theoretically backed by gold, but only foreign governments could exchange US dollars for gold and private citizens couldn't buy bullion for speculative purposes. However, since 1971, the price of gold has been allowed to float and the US government doesn't back the 'fiat' money it prints with precious metal.
If the Fed's endless money printing is suspended and limited by some sort of commodity-backed currency, the "warfare state," the omnipotent military industrial complex and influential Wall Street bankers will lose a big deal of their power, Paul claims.
Paul and McAdams pointed out that even "gold haters" have realized that something is going on and have tried to marginalize the gold standard concept. They referred to the article "Make America Gold Again: Calls for Everyone's Favorite Standard Are Back" by Michelle Jamrisko of Bloomberg, which was published on May 17.
"'The fringe has become the mainstream,' said Jesse Hurwitz, a US economist at Barclays Capital in New York. He sees the gold standard as a bad idea but 'something we'll increasingly talk about,'" the article reads.
Jamrisko also quoted George Selgin, director of the Center for Monetary and Financial Alternatives at the Cato Institute in Washington, who believes that the gold standard is just a proverbial "Humpty Dumpty" that is hard to put back together.
And still, "for those in the US who see much risk and little benefit in the current course, gold is still a rallying point. And their audience may be growing," Jamrisko remarked.
Maybe the best argument in favor of gold is that American legendary investor and billionaire George Soros has recently sold 37% of his stock and bought a lot more gold and gold stocks.
"George Soros, who once called gold 'the ultimate bubble,' has resumed buying the precious metal after a three-year hiatus. On Monday, the billionaire investor disclosed that in the first quarter he bought 1.05 million shares in SPDR Gold Trust, the world's biggest gold exchanged-traded fund, valued at about $123.5 million," Fortune and Reuters reported Tuesday.
What does it mean?
According to financial analyst and Forbes contributor Adam Sarhan, Soros, like many other experienced investors, worries "about US stocks and a global economic slowdown."
"Gold and gold stocks are one of the direct beneficiaries of the so-called 'risk-off' environment. In fact, Gold is one of the strongest performing markets in 2016 and gold stocks continue to be one of the strongest performing sectors on Wall Street," Sahran writes in his op-ed.
Indeed, demand for the precious metal has jumped almost 21 percent in the first quarter of 2016. Like it or not, gold is doing pretty well.
"When big legendary investors act, history shows us, it is wise to listen," Sahran adds.
At the same time, Ron Paul believes that paper money, when not backed by a valuable commodity, is doomed.
"Our currency became totally fiat paper money in 1971… And it's not doing well, people are panicking over it. It is rather long for paper money but I can guarantee [that] if history means anything at all, if common sense means anything at all, if economic law means anything at all the paper money will self-destruct… Eventually, you have to have a confidence restored," Dr. Paul emphasized.
http://ift.tt/1TK67Bk
Mountainman: We Used to Say {ALL} ROADS Lead to ROME......In the NEW GLOBAL REALITY.......{ALL} ROADS LEAD to SINGAPORE.....
IRAN is READY.....That Also MEANS their BRIDE/TWIN IRAQ is As Well......IMO
Blessings,Mountainman (8)=New Beginnings.....for IRAN is READY for......SINGAPORE is READY for IRAN
Thunderhawk: Rabiei: Singapore to train Iranian expertise laborers
Referring to the suitable geographical location of Iran in the region, he said the country can bridge the gap between east and west.
He also highlighted Iran's significant status for foreign investors and said expertise workforce, cheap minerals and ample of untapped economic potentials are very eye catching for foreign investors.
Iran is ready to welcome foreigninvestments, Rabiei said, adding that the country is to attain a 40 percent growth within next five years.
Iran is very advanced in terms of vocational training and can transfer its technical knowledge in the field to Singapore, he said.
There is no mineral resources in Southeast Asia and only people rely on manpower and to the same reason training of manpower is on the agenda of Indonesian government, Singaporean Minister for Manpower Lim Swee Say said.
At the end of the meeting, the Iranian minster extended an invitation to the Indonesian minister of manpower to pay an official visit to Iran.
Iranian Minister of Cooperatives, Labor and Social Welfare Ali Rabiei, heading a high ranking economic delegation, arrived in Indonesia on Wednesday to study the broadening of economic cooperation between the two countries.
http://ift.tt/1Q84tKM
IRAN is READY.....That Also MEANS their BRIDE/TWIN IRAQ is As Well......IMO
Blessings,Mountainman (8)=New Beginnings.....for IRAN is READY for......SINGAPORE is READY for IRAN
Thunderhawk: Rabiei: Singapore to train Iranian expertise laborers
Referring to the suitable geographical location of Iran in the region, he said the country can bridge the gap between east and west.
He also highlighted Iran's significant status for foreign investors and said expertise workforce, cheap minerals and ample of untapped economic potentials are very eye catching for foreign investors.
Iran is ready to welcome foreigninvestments, Rabiei said, adding that the country is to attain a 40 percent growth within next five years.
Iran is very advanced in terms of vocational training and can transfer its technical knowledge in the field to Singapore, he said.
There is no mineral resources in Southeast Asia and only people rely on manpower and to the same reason training of manpower is on the agenda of Indonesian government, Singaporean Minister for Manpower Lim Swee Say said.
At the end of the meeting, the Iranian minster extended an invitation to the Indonesian minister of manpower to pay an official visit to Iran.
Iranian Minister of Cooperatives, Labor and Social Welfare Ali Rabiei, heading a high ranking economic delegation, arrived in Indonesia on Wednesday to study the broadening of economic cooperation between the two countries.
http://ift.tt/1Q84tKM
via Dinar Recaps - Our Blog http://ift.tt/1TK64FF
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