Other than just simply being a journal of the times of my life, I'd like to think my blog may offer something similar to what this quote encapsulates. Even though my posting has been sporadic and anemic due to being suppressed by dark energies, may you too find inspiration in the nooks and crannies of the world.
“Each time a man stands up for an ideal, or acts to improve the lot of
others, or strikes out against injustice, he sends forth a tiny ripple
of hope, and those ripples build a current which can sweep down the
mightiest walls of oppression and resistance.”
I just watched a fascinating interview here and want to post it here so others can watch it as well. Towards the end of the interview the specter of confiscation reared its ugly head once again. I responded to that on Greg Hunters' site and have posted my response below.
Here's my response:
Great interview and thanks for having on Mike Maloney!
I’d like to just put my .02 cents in on the confiscation issue. As
you and Mike correctly fleshed out, gold was NEVER confiscated. It was
nationalized and holders were subsequently paid for their gold at the
fixed rate. Much of the talk of confiscation today are by numismatic
coin dealers trying to sell coins with high premiums.
The uranium story after WWII gives us some insight into how the
government may react here. In 1946 the Atomic Energy Commission (AEC)
guaranteed a minimum price for uranium to increase the domestic uranium
supply. This supported the mining endeavors at the time and brought a
lot of uranium to the market.
The same thing could be done today. Governments would be far better
off to promote a fixed (or better, free market) price of gold that would
guarantee profits and cause much more gold to come to market and allow
them to either grow the money supply or pay debt down. Many instances of
government nationalizing mines have ended up in complete disaster. I
just don’t believe this would be attempted. Sure they may raise
royalties and taxes but I assure you that with the returns you will have
you will still be compensated as an investor.
Another case here is instructive though some may not approve. Look at
Venezuela. Chavez had the wisdom to NOT nationalize their gold minds
but mandated that the gov get first dibs on all gold mined and they
would pay market price. Brilliant. China (and Russia?) are currently
doing the same thing.
Consider the consequences of nationalizing mines and gold and silver
in America today. It would cause permanently damaged psyches in the
minds of investors when retail investor participation rates are already
in decline. Would the gov further exacerbate a dwindling (non-existent?)
support level for government? Do they want to completely erode ANY
trust left in the system? Very dangerous long term implications involved
And lastly, as Jim Sinclair points out, when gold was nationalized in
1933 we were on a gold standard. We are not now. QE is effectively
taking the place of that prior insidious process of deception and
trickery. Think about it, 80 years later and people are STILL
distrustful of the gov and what they did back in 1933!!!
My background post BS was recruiting engineers for the automotive industry and then I moved on to finance. I had started investing for the first time during the .com boom and did quite well in very short order, thank you. And just as fast got burned. Being in finance I HAD to learn the markets in order to communicate with my high profile clients. Way leads to way and losses outweighing gains led me to understand how rigged the markets are. That's what led me to silver. That's now my goal, to teach others what I have learned.
All information provided on this blog are the personal opinion of the author. I am not a financial advisor nor do I promote the use of them save a very select few. All individuals are responsible for thier own decisions and I encourage all individuals to make decisions based on their own due diligence pertinent to their needs and comfort level. Knowledge just may be your salvation.