Proverbs 22:3 NLT

A prudent person foresees danger and takes precautions. The simpleton goes blindly on and suffers the consequences.

-- (((Charles Finney, said the following: “If
there is a decay of conscience, the pulpit is responsible for it))) --


THOSE WHO WILL DO NOTHING NOW, WHEN IT COSTS THEM LITTLE - WILL DO EVEN LESS LATER, WHEN IT COST THEM EVEN MORE


Stan Deyo Earthquake / Volcanic Forecasts

Stan Deyo Earthquake / Volcanic Forecasts
Earthquake / Volcanic Forecasts

Preparing for what is coming to America - Prepare to Defend America

LIVE EARTHQUAKE MAP

My Blog List

Investment Watch

X22 Report is a daily show that will cover issues surrounding the economic collapse

Thursday, November 28, 2013

General: Obama purposely weakening U.S. military / LONDON: Britain's public health chief warns of catastrophic global gay HIV epidemic / Pond swallowed by sinkhole fuels legends in Bosnian village / Limbaugh ‘profoundly disappointed’ in Pope’s attack on ‘tyranny’ of ‘unfettered capitalism’ / Obama Honors Gay Child Rapist at White House Dinner / PROPHECY ALERT: "Comet ISON Survives" / ◾BREAKING NEWS: shelling of Russian Embassy in Damascus – click to read USA statement / Fmr. Navy chaplain: ‘Demon of rape’ sending transgender people ‘to violate your daughters’ / ◾German policeman 'kills and eats' another man / ◾VIDEOS: 'Huge fire ball' lights up late night Coast sky-AUSTRALIA / ◾JUDGE RULES COLORADO SHERIFFS CAN'T SUE OVER STATE GUN LAWS / SHOCKING! Obamacare "Death Panels" Mimic Hitler's T4 Eugenics Program / Screwing Up Hope and Change / Cancer and Obamacare Survivor, plus His Hero Audited – Interview / BREAKING: Second Time China Sends Fighter Jets To Chase U.S. and Japanese Military Planes.

General: Obama purposely weakening U.S. military
A former deputy commanding general of the U.S. Pacific Command says President Obama seeks to “seize control over national security” and, bypassing Congress, singlehandedly weaken the U.S. military. Army Maj. Gen. Paul E. Vallely, retired, charges in a 21-page position statement made available to WND, titled “The Obama Military – Evolution and Legacy,” that Obama already has begun working with Russia to reduce nuclear weapons without a treaty, which would require Senate ratification.

/

LONDON: Britain's public health chief warns of catastrophic global gay HIV epidemic
Fenton laid the blame for the epidemic squarely on the two most obvious characteristics of homosexual sex: anal intercourse and promiscuity. The UK's National Director of Health and Wellbeing warns that there is an increasing and potentially catastrophic HIV epidemic in homosexual men in every part of the world.

/

'Gate to Hell' guardians recovered in Turkey
Archaeologists digging in Turkey have found the guardians of the "Gate to Hell" -- two unique marble statues which once warned of a deadly cave in the ancient Phrygian city of Hierapolis, near Pamukkale. The sculptures were found as archaeologists further excavated the area where in March they unearthed the remains of the Plutonium, which included an inscription dedicated to the deities of the underworld -- Pluto and Kore.

/

Mysterious wave freaks fishermen
“It came up to nearly the high water mark,” says Grahame. “It was low tide, it was about half past five and it brought the Kontiki in and laid the lines up the beach. It came in - it wasn’t just a wave it was like a tsunami. “It was quite frightening really. First time I have been fishing on the beach when that’s happened. The tide came in and it stayed in for three or four minutes, then it just drained straight out like a huge vacuum cleaner. It was quite substantial.

/

Powerful earthquake strikes near Falkland Islands, no damage
The 7.0-magnitude earthquake at 2:27 a.m. local time (06:27 GMT) was centered in the Atlantic Ocean about 314 kilometers (195 miles) southeast of Stanley, the capital of the Falkland Islands. It struck about 10 kilometers (6.2 miles) deep, making it a shallow earthquake, according to the United States Geological Survey (USGS). Some residents on the islands reported being woken by the earthquake, but there were no immediate reports of damage or casualties.

/

Obama takes on hecklers to doubles down on immigration reform claiming it would boost economy and shrink deficit
During a token policy appearance Monday in San Francisco, President Obama railed against Republicans for standing in the way of his 'comprehensive' immigration reform plans that would extend an amnesty to millions of illegal immigrants. 'We've got to finish the job,' Obama said, referring to bipartisan legislation that passed the U.S. Senate in June but has long stalled in the House.
/
 Jim Corely Common Core Cartoon
/

/


/


/



/

/

Two moderate earthquakes strike along dangerous fault under Sea of Marmara


November 28, 2013 TURKEY
/
New explosive eruptions reported at Japan’s Suwanose-jima volcano
/

As earthquakes keep rocking North Texas, residents are rattled

 
 
 

/

About 35 volcanoes are currently erupting across the globe


November 27, 2013 GEOLOGY
/

Pond swallowed by sinkhole fuels legends in Bosnian village


November 27, 2013 BOSNIA
 

/
180542481
Russia to Deploy 22 New Ballistic Missiles in 2014 Twenty-two land-based intercontinental ballistic missiles will next year be added to Russia’s nuclear arsenal, President Vladimir Putin said Wednesday. “We intend to continue prioritizing the development of the main component of our strategic nuclear deterrent,” Putin said at a meeting on the development of the Russian Strategic Missile Forces. Putin did not specify the type
/
unnamed
Limbaugh ‘profoundly disappointed’ in Pope’s attack on ‘tyranny’ of ‘unfettered capitalism’ On his Wednesday radio show, conservative talker Rush Limbaugh accused Pope Francis of going beyond religion and into politics in his latest apostolic exhortation attacking “unfettered capitalism” and condemning the “idolatry of money” Francis’ latest writings condemned the global economic system. “Now, as I mentioned before, I’m not Catholic,” Limbaugh said. “I admire it profoundly,
/
http://www.trunews.com/
/
past-due-mortgage-three
A new wave of US mortgage trouble threatens U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble, a trend that could deal another blow to the country’s biggest banks. The loans are a problem now because an increasing number are hitting their 10-year anniversary, at which point borrowers usually must start paying down
/
White House delays ANOTHER Obamacare mandate beyond 2014 election Read more: http://dailycaller.com/2013/11/27/white-house-delays-another-obamacare-mandate-beyond-2014-election/#ixzz2ludJWr7p
President Barack Obama will announce another Affordable Care Act deadline delay on Wednesday, pushing back the online enrollment for small businesses until after the 2014 midterm elections. According to a Health and Human Services memo obtained by Politico, the Obama administration will delay mandate for small businesses to purchase health insurance for their employees on the
/
Colorado_recall
Democratic Colorado state senator resigns to avoid recall over gun law Democratic Colorado state senator resigned Wednesday to avoid a possible recall election over a controversial gun control law that led to the ouster of two of her colleagues earlier this year. Sen. Evie Hudak, who has represented a district that includes Denver’s western suburbs since 2008, announced her resignation less than a week before opponents
/
Fox News Reporter Suggests Obama is Homosexual

/


/
FOX News Radio Host Todd Starnes: LGBT Rights Make Christians "Second-Class Citizens"

/
Venezuela Denies Goldman’s Gold Deal As Inflation Tops 54%
/

Tensions Between China and Japan Are Building And The US Treaty With Japan Will Allow The US To Backup Japan If War Breaks Out



Huge amount of tension between China and Japan. The US treaty with Japan will allow the US to backup Japan if war breaks out. The economy is in a major decline but the Obama administration is using the economic recovery campaign to convince the American people that the economy is doing better and recovering.
/

/
Militia Leader Publicly Threatens President: “We Now Have Authority to Shoot Obama”
/
Obama Honors Gay Child Rapist at White House Dinner
/
Boy with cancer loses coverage after Obamacare launch...
Mike Tyson jabs rollout...
Lack of Doctors May Worsen...
/
'Knockout' thugs target student walking down hallway at high school...

Another attack in Philly...

NYTIMES, NPR: No big deal...
/
Teen Charged with Terroristic Threat After Lighting Toilet Paper Roll on Fire...
/
Professor Warns of Crowd Control Robots Armed With Tasers...
/
BREAKING NEWS: shelling of Russian Embassy in Damascus – click to read USA statement
U.S. DEPARTMENT OF STATE
Office of the Spokesperson
For Immediate Release November 28, 2013
2013/1491
STATEMENT BY JEN PSAKI, SPOKESPERSON
Shelling of the Russian Embassy in Damascus
 The United States condemns the shelling today that hit the Russian Embassy compound in Damascus and expresses its concern for those killed and injured in the incident. We condemn any attack against individuals or facilities protected by international law. The United States continues to emphasize that those responsible for atrocities on all sides must be held accountable.
/
NFL Rejects Super Bowl Commercial from Gun Company:EVERY GUN OWNER IN AMERICA SHOULD TURN THOSE TVS OFF DURING TH ESUPER BOWL-EMAIL THEM WITH YOUR DISPLEASURE AT THEIR OVERT ANTI GUN STAND 
BANNED VIDEO - http://www.gunsandammo.com/.../nfl-bans-super-bowl-gun
/

/
Fmr. Navy chaplain: ‘Demon of rape’ sending transgender people ‘to violate your daughters’

/
German policeman 'kills and eats' another man
/
Pipeline explosion rocks parts of Missouri
/
VIDEOS: 'Huge fire ball' lights up late night Coast sky-AUSTRALIA
/

JUDGE RULES COLORADO SHERIFFS CAN'T SUE OVER STATE GUN LAWS
/
3,300 warheads seized in Jamaica...
/

High Noon: China sends warplanes to newly declared air zone


/
US Dollar Collapse Update: Treasury Sale See’s Lowest Demand Since 2009, 23 Countries Begin Setting Up Swap Lines To Bypass Dollar, China Imports Another 131 Tonnes In October
/
Iran Nuke Deal May Bring War, East China Sea Dispute May Get Hostile, Another Obama Care Delay

/
SHOCKING! Obamacare "Death Panels" Mimic Hitler's T4 Eugenics Program

/
BLACK FRIDAY: Bank Runs & National Bank Holiday?

/
 Screwing Up Hope and Change

/
Cancer and Obamacare Survivor, plus His Hero Audited – Interview

/
BREAKING: Second Time China Sends Fighter Jets To Chase U.S. and Japanese Military Planes.
/
Metallic Money (Gold/Silver) vs. Credit Money: Know the Difference -
We use credit money every day. It’s the only kind of money we have. But because people in Europe and America have historically used metallic money for over 2,500 years, we still have cultural habits that come from the gold money era.When the U.S. removed gold and silver coins from circulation in the 1930’s and 1960’s and replaced paper gold certificates and silver certificates with Federal Reserve notes, the paper money looked very much the same. But the thing that the paper money represented changed dramatically. The paper money now represents units of credit money that have no guaranteed relationship with the prices of gold or silve r or anything else.

Because the nature of credit money and metallic money are not well understood, and because money is so important in our lives, it is worthwhile to examine and discuss how these two kinds of money are different.

1. Tangible vs. intangible. A gold or silver coin is a physical object that has weight, volume and physical characteristics. Credit money is a record of the existence of a debt. Credit money exists in the intangible world of information and human relationships. Where Mr. A owes Mr. B a specified unit of money, and where that debt is recorded on paper or another recording medium, and where the record of that debt passes from one person’s possession to another as a medium of exchange, you have credit money.

Gold coins are minted; debts are recorded. The two forms of money could hardly be more dissimilar.

2. Old vs. oldest. Metallic money has been used by people for about 2,600 years. It has been used sporadically and in certain places. Credit money has been used for at least 5,000 years, when people first started recording debts on clay tablets, pieces of wood or ivory, etc., and trading those IOU’s as money. Before debts were recorded in writing, they were, in prehistoric times, discussed verbally, remembered, and sometimes traded in verbal transactions. This is how very primitive people still trade using debt today.

3. Persistent vs. ephemeral. Some gold coins more than 2,000 years old are still in existence today. But it would be very rare for any performing loans to be more than 100 years old, and many loans are of very short duration. Much of the U.S. Treasury’s debt issue is very short term, lasting only 90 days or one year. Where gold coins can last for thousands of years, debts are constantly coming into existence and going out of existence.

The U.S. debt holdings of the Federal Reserve are constantly churning and rolling over, whereas gold holdings in vaults can lie stationary and do not need to be replaced or rolled over.

4. Hard to create vs. easy to create. To create a gold coin, someone has to first mine the gold from the earth, refine it, mill it, stamp it into circular shapes and then stamp the governmental pattern on it. To create a piece of credit money, a debt has to be created and then a piece of paper printed or a record created on a computer. Anyone who has no intention of paying back his debt, such as the Federal government, can potentially issue debt in infinite amounts. There is an issue of whether that debt is worth anything, however.

5. Always good vs. sometimes good. A gold coin that is legal tender will always be accepted as money. With credit money, some of it is good and some of it is bad. In recent years Zimbabwe’s credit money went bad. Before that, the Weimar Republic’s credit money became worthless. All circulating debt has a mixture of good and bad. When a lot of it goes bad at the same time, it causes a crisis, where the “toxic debt” must be guaranteed or purchased by government or else banks and other financial institutions will go bankrupt.

6. Non-interest bearing vs. interest bearing. Most debt specifies interest payments as part of the loan agreement. The Federal Reserve notes we use as money are claims on interest-bearing debt owned by the Federal Reserve. Credit money has the quality that there is a continuing flow of interest payments away from the users of money in the general population and toward creditors. There is no such continued flow of wealth from debtors to creditors in a gold money system.

7. Does not need money supply expansion vs. needs expansion.Because interest payments are constantly flowing out from families, businesses and communities to financial centers and wealthy creditors, credit money results in economic sluggishness unless there is a constant expansion of the supply of credit money. Under a gold money system, people can function much better with a constant money supply because there is no leakage of interest payments. Each community can continue to circulate its own holdings of gold money without having to pay any of it out in the form of interest payments.

8. Government does not need to enable creating more debt vs. government must enable debt creation. In order to keep a credit money economy going, more debt must be continually created. Government and financial leaders who do not want to be blamed for a downward spiral of slowing economic activity must see to it that more debt is constantly being created. Under a gold money system, there is no pressure to constantly increase the burden of debt.

9. Not as bubble prone vs. more bubble prone. The fractional reserve method of banking encourages asset bubbles because new money is created as borrowers take out new loans. When people borrow money to buy bubble assets (e.g., houses 1981-2006), it creates enormous amounts of new money to feed the asset bubble. Many asset bubbles were also created during the gold money era due to fractional reserve banking, but where the unit of currency is guaranteed by government to be equal to a fixed weight in gold, the inflation threat is taken out of the picture and that restrains bubble creation somewhat.

To support the value of their currencies under a gold money system, governments must also often raise interest rates in order to encourage investors to sell gold in exchange for bonds paying good interest. Higher interest rates also discourage the formation of asset bubbles.

10. Does not enable ZIRP vs. enables ZIRP. A zero interest rate policy is impossibl e under a gold money system. The demand for gold would soon deplete government’s gold holdings to zero. Under a credit money system a policy of low interest rates and financial repression can be imposed for an indefinite period of time.

11. Does not increase lending activity vs. increases lending activity.Low interest rates and the ease with which credit money is created lead to increased lending activity and higher debt loads. Under a gold money system, debt will necessarily be created at a slower rate. By stepping up the pace of debt creation, a credit money system serves the interests of the banks.

12. Has no problem with debt saturation vs. has serious problems with debt saturation. Continually increasing debt leads ultimately to debt saturation. When a country’s people and businesses are saturated with debt, it makes it much more difficult to continue to increase the debt load. That leads to stagnation and slowing economic activity in a credit money system. A gold money system does not tend to lead to debt saturation and has no similar problems with debt saturation.

13. Increases wealth disparities vs. does not increase wealth disparities. The higher debt load facilitated by a credit money system results in greater flows of wealth from the debtor class to the creditor class. The higher debt load leads to increased disparities in income, more very poor and very rich and fewer of the middle class.

14. Holds its value vs. does not hold its value. Gold-backed currencies have an excellent track record of holding their value. Credit money tends to inflation, the rate of which largely depends on how fast new debt is being created.

15. Government as a guarantor of savings vs. government provides no guarantee. One of the three functions of money is as a store of value. (The others are a medium of exchange and a unit of account.) When the U.S. government guarantees that 35 U.S. dollars will buy an ounce of gold, as it did in the years 1934-67, government aid savers by acting as a guarantor of that store of value.

When the U.S. went off the gold standard in 1971, it changed the relationship between citizens and their government when government no longer provided that guarantee.

16. Defaulters are bad vs. defaulters are only partly bad. In a gold money system, a person who takes out a loan and does not repay it is considered a bad person, almost a thief. He has robbed his creditors of the money they were rightfully owed. In a credit money system, however, the creation of new debt is so important that anyone who goes into debt is a hero of the economy.

That is why under a debt money system, it is considered more important that new debt be created (e.g., as student loans) than to worry about whether they will ever be paid back or to pin blame and guilt on loan defaulters.

Conclusion: As we see, it is no exaggeration to say that the transition from gold money to credit money changes everything. It changes every individual’s relationship with his own money, with government, and with banks. It changes the power relationships within society. It changes the patterns of ownership and wealth accumulation.

It is very important that citizens and investors understand the credit money system that they are trying to operate within. For people with over 2,500 years of experience with gold money, it is difficult to understand it and get used to it. But anyone who does understand it will be better off because of making better-informed decisions. We might as well get used to it because we shall likely have to live with a credit money system for a very long time.

Read more at http://investmentwatchblog.com/metallic-money-goldsilver-vs-credit-money-know-the-difference/#1bMSK1bOUW6ZqJM9.99
/
 

No comments: