If you’re thinking about withdrawing $10,000 in cash from your checking account to play blackjack during your week-long trip to Las Vegas, you might want to know what happens when you do.
The Bank Secrecy Act was passed by Congress in 1970 to fight money laundering in the U.S. Under the Act, financial institutions are required to report cash transactions over $10,000. Continue reading
The savings nest eggs that people built up during the COVID-19 pandemic are all but gone, according to new research from the JPMorgan Chase Institute. As savings dwindle, consumers are becoming more vulnerable to financial shocks, which could lead to lower spending and higher debt defaults. Continue reading
1. Don’t buy it because you need to make money; buy it because you need to protect the money you already have.
2. Don’t look at price as a barrier; look at it as an incentive.
3. Don’t buy its paper pretenders; buy the real thing in the form of coins and bullion.
4. Don’t fall prey to glitzy TV ads; do your due diligence instead.
5. Don’t allow naysayers to divert your interest; allow yourself the right to protect your interests as you see fit.
Bullion gold coins will always have value to your fellow Americans, while paper dollars have less and less. As the dollar declines, the price of gold and silver will continue to rise, reflecting the stable purchasing power of the precious metals. What’s more, in a volatile environment, bullion will carry a premium for being reliable and widely accepted money – just as the US dollar does now.
Bullion coins are easy to sell anywhere in the world. And even better, you can barter them locally for the stuff you need – food, clothes, a roof over your head – even if the other guy isn’t a coin enthusiast. In other words, bullion is money.
One of the characteristics that makes gold and silver money is their uniformity – meaning each coin is the same as every other coin of the same weight. Continue reading
Global money supply has soared by $20.6 trillion since 2019, according to Bloomberg.
Additionally, global debt surged by over $15 trillion in 2023, reaching a new record high of $313 trillion. Around 55% of this rise came from developed economies, mainly the U.S., France, and Germany. Unfunded liabilities in the United States amount to $72 trillion, almost 300% of GDP. This may seem high until you look at Spain with 500% of GDP, France with close to 400%, or Germany with close to 350% of GDP. Continue reading
Companies under Rockefeller control include Exxon Mobil, Chevron Texaco, BP Amoco, Marathon Oil, Freeport McMoran, Quaker Oats, ASARCO, United, Delta, Northwest, ITT, International Harvester, Xerox, Boeing, Westinghouse, Hewlett-Packard, Honeywell, International Paper, Pfizer, Motorola, Monsanto, Union Carbide and General Foods.
Bretton Woods was a boon to the Eight Families. The IMF and World Bank were central to this “new world order”. Continue reading
Introduction ~ What you are about to read is one of the most interesting commentaries by Murray N. Rothbard that I have been priviledged to read AND to share read – however – what I am posting this evening – is merely an earlier commentary to what would follow some years later – and is ALL a profound bit of history – as relates to economics – including gold and the destruction of economics around the world.
But what we are publishing – is merely his introduction of the entire story, and was written and published by Rothbard in 1991 and was followed up some years later. Stay tuned my friends – as soon you will have access to the rest of the story. ~ Jeffrey Bennett, Editor
When this essay was published, America was in the midst of the Bretton Woods system, a Keynesian international monetary system that had been foisted upon the world by the United States and British governments in 1945. The Bretton Woods system was an international dollar standard masquerading as a “gold standard,” in order to lend the well-deserved prestige of the world’s oldest and most stable money, gold, to the increasingly inflated and depreciated dollar. But this post-World War II system was only a grotesque parody of a gold standard. Continue reading
Debt.com’s 2024 budgeting survey of 1,000 Americans shows a mixed financial picture. While more people are budgeting and finding it beneficial to stay out of debt, the number of individuals living paycheck to paycheck has risen 10% over the past two years. Continue reading
According to some “experts,” there is an urgent need to remove cash from the economy. It is held that cash provides support to the “shadow economy” and permits tax evasion. Another justification for its removal is that, in times of economic shocks, which push the economy into a recession, the run for cash exacerbates the downturn—it becomes a factor contributing to economic instability. Moreover, it is argued that, in the modern world, most transactions can be settled by means of electronic funds transfer. Money in the modern world is allegedly an abstraction. Continue reading
If Everything Must go Through an Online Banking or Credit Card Process, Then You Have Just Lost Virtually all Control Over What You Buy. (Most of world population would have no way to buy food after a cyber attack)
While our government currently has no problem with making fiscally irresponsible decisions, when it finally does come around to deciding that “you know what, pennies aren’t worth it” – or any other form of cash for that matter – there will be nobody that will argue against them. – Aden Tate
The cashless society is almost here and it could lead to chaos and violence. Furthermore, many Americans could soon have no way to pay for necessities like food. Continue reading
Over eight hundred years ago, in what is now northwestern China, the Uyghur people – long before they were carted off to internment camps by the Communist Party – ruled their own independent kingdom, known as Qocho.
Then, in the year 1209, Genghis Khan sent diplomatic emissaries to Qocho. The message was clear: the Great Khan wanted to avoid a bloody military campaign, and he proposed a peace offering instead. Continue reading
