Goldman Sachs Group, Inc
Wells Fargo & Company
State Street Corporation
JPMorgan Chase & Co
Citigroup, Inc
Barclays PLC
Bank Of America Corporation
Something is big time wrong with these pictures.
With gold and silver, you do not need a banking system to depend on to create value, determine value or store value for you. You do not need a central bank. You do not need Wall Street or any other Street. You do not need a government. That is because there is no liability attached to gold or silver or any of the other stuff that has been used as money in the past by humans. Money has no backing. There is no redemption of money because when you pay with or get paid with money, that action is actual final settlement. No backing with ("full faith and credit") required. No redemption for final settlement required.
You do not need a government controled and condoned financial system with rampant theft / fraud though out, what so ever. Which means you do not need government to use money, which is probably why governments now a days hate the private use of gold and silver so much. Which is why governments need the poor and lazy so much. The poor are usually cheap to buy and grateful. Those with gold and silver are usually the opposite, which usually means they do not need much government or none at all, which is not good for the power of government.
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"In a separate lecture, Hayek noted that, "I am
more convinced than ever that if we ever again
are going to have a decent money, it will not
come from government: it will be issued by
private enterprise, because providing the public
with good money which it can trust and use
can not only be an extremely profitable
business; it imposes on the issuer a discipline
to which the government has never been and
cannot be subject." - F.A. Hayek
"If a nation values anything more than freedom, it will lose its freedom, and the irony of it is that if it is comfort or money that it values more, it will lose that, too." - Somerset Maugham
There are two methods, or means, and only two, whereby man's needs and desires can be satisfied. One is the production and exchange of wealth; this is the economic means. The other is the uncompensated appropriation of wealth produced by others; this is the political means. -- Albert Jay Nock
"They want their victims to believe that the victims' lives will be worse off without the tyrant than with them. That the tyrant's demands are minimal compared to the good that the tyrant does. That the victims owe the tyrant a "debt" for something. They want the victims to remain in fear of everything up to and including the victims' own shadows, such that the tyrant can offer protection. They want the victims to be lazy and immature, so that the tyrant can offer to take responsibility for them...." - hobbit
"By virtue of exchange, one man¹s prosperity is beneficial to all others."
-- Frederic Bastiat, "Economic Harmonies" p. 82
"The more restrictions and prohibitions in the world, the poorer people get." Lao Tzu, "Tao Te Ching"
"Elizabeth I Queen of England (reigned 1558 - 1603).
When she ascended to the throne, Elizabeth inherited numerous debts. Her genius was in the method she chose to raise revenue to pay those debts, which was unique in tax policy: she made taxation voluntary! Her words: "To tax and to be loved is not given to man. I will end as I began with my subjects, with love." Within 15 years she had a surplus, and was loved deeply."
- from Victor Sperandeo's dedication of his book
'Trader Vic II - Principles of Professional Speculation'
"It's not how much you know, but the truth and quality of what you know." - Trader Vic (Victor Sperandeo)
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Even if you are prepared with gold and silver, life will not be easy. At least you can count on the gold price and the silver price to keep moving on up.
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