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Thread: Global Financial System is One Gargantuan Ponzi Scheme...

  1. #31
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    I've never been a lemming. Make all the laws you want. Obama care....come get me. I've made my way on this planet without the government and banks. I will continue.
    I kind of hate to bring this up....but after the video so enlightened me, I have to wonder about the former employee of Citibank. He knows this stuff inside and out, and I should " pay no attention to the man behind the curtain". And what conclusions should I draw from his former employment and what he does now?
    I don't know , if it walks like a duck, quacks like a duck, it's a duck in my book.

    Quack quack...quack

    Mac
    So look buddy it's nothing personal, but either your the unluckiest person in the world or your stealing from me. Either way............ I WANT NO PART OF YOU!!!!!! NEVER!!!!

  2. #32
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    I remember when they came up with IRAs and such. Always thought it was a scam some way. Do you think the powers that be have ulterior reasons for inventing these tools for the people?
    I always just thought it is another way of controlling the money flow in this country.

    Mac
    So look buddy it's nothing personal, but either your the unluckiest person in the world or your stealing from me. Either way............ I WANT NO PART OF YOU!!!!!! NEVER!!!!

  3. #33
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    Quote Originally Posted by Machinist View Post
    I remember when they came up with IRAs and such. Always thought it was a scam some way. Do you think the powers that be have ulterior reasons for inventing these tools for the people?
    I always just thought it is another way of controlling the money flow in this country.

    Mac
    ...and diverting some of that flow their way.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  4. #34
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    Some? Eventually they get it all.......like a stinking casino. They grind it out of you...

    Mac
    So look buddy it's nothing personal, but either your the unluckiest person in the world or your stealing from me. Either way............ I WANT NO PART OF YOU!!!!!! NEVER!!!!

  5. #35
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    I heard Fort Knox is now full of fresh air. We need an auditor to volunteer to go in there to take a look see.

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  6. #36
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    Quote Originally Posted by Katz View Post
    I heard Fort Knox is now full of fresh air. We need an auditor to volunteer to go in there to take a look see.

    Attachment 26644
    I'm afraid. http://en.wikipedia.org/wiki/Oxygen_toxicity
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  7. #37
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    Ruble Slides and Stabilizes – Russia Challenges Dollar


    Wednesday, 05 Mar 2014
    By Ashish Advani

    It was just three weeks ago when I wrote to you about the possible fall of the Russian ruble. At that point, I had thought about a possible aggressive move from Russia if the Ukraine situation got out of hand, but I didn't expected to see it really playing out.

    In my mind it was a theoretical possibility, but my prediction was rather based on the mess in the neighboring regions.

    Had you acted on that tip, you could have seen a double-digit gain in less than a month. I do not believe the ruble is out of the woods yet. I would sell half my position today and wait to see how the other half performs before I exit my position fully.

    The response to the ruble slide from the Central Bank of Russia was certainly very interesting. The bank raised interest rates by 150 basis points to help reverse the losses a bit and stem the bloodletting. It also heavily intervened in the currency markets and burned through $12 billion to stem the ruble's decline. While the slide may have stopped for now, I do not believe the geopolitical mess is quite over yet.

    What is fascinating is the diplomatic response streams being bandied about to halt Russian aggression in its tracks. In the United States, we have the Republican pundits demanding a war-like response from the perceived weak President Obama, while the liberals are talking sanctions and freezing of Russian assets. In short, the predictable response that could have been anticipated well in advance.

    MORE: Read Latest Breaking News from Newsmax.com http://www.moneynews.com/Advani/Russ...#ixzz2vRtcv4oP

  8. #38
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    Quote Originally Posted by Katz View Post
    Ruble Slides and Stabilizes – Russia Challenges Dollar


    Wednesday, 05 Mar 2014
    By Ashish Advani

    It was just three weeks ago when I wrote to you about the possible fall of the Russian ruble. At that point, I had thought about a possible aggressive move from Russia if the Ukraine situation got out of hand, but I didn't expected to see it really playing out.

    In my mind it was a theoretical possibility, but my prediction was rather based on the mess in the neighboring regions.

    Had you acted on that tip, you could have seen a double-digit gain in less than a month. I do not believe the ruble is out of the woods yet. I would sell half my position today and wait to see how the other half performs before I exit my position fully.

    The response to the ruble slide from the Central Bank of Russia was certainly very interesting. The bank raised interest rates by 150 basis points to help reverse the losses a bit and stem the bloodletting. It also heavily intervened in the currency markets and burned through $12 billion to stem the ruble's decline. While the slide may have stopped for now, I do not believe the geopolitical mess is quite over yet.

    What is fascinating is the diplomatic response streams being bandied about to halt Russian aggression in its tracks. In the United States, we have the Republican pundits demanding a war-like response from the perceived weak President Obama, while the liberals are talking sanctions and freezing of Russian assets. In short, the predictable response that could have been anticipated well in advance.

    MORE: Read Latest Breaking News from Newsmax.com http://www.moneynews.com/Advani/Russ...#ixzz2vRtcv4oP
    Is the Ruble backed by gold?
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  9. #39
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    Default Why is Russia iInvesting in Gold More Than Anyone?

    In answer to my own question in the previous post...
    *******************************************
    Why Russia is Investing in Gold More Than Anyone

    Jeff Uscher, Contributing Writer


    Now we know what Russia has been doing all these years with all its oil mega-profits: investing in gold.

    A Bloomberg News article Monday reported that Russia's central bank added 570 metric tons of gold in the past decade, making the country the world's biggest gold buyer. That amount is a quarter more than the world's second-biggest buyer, China.

    The amount of gold Russia added to its stockpile is almost triple the weight of the Statue of Liberty, according to Bloomberg.

    It certainly makes sense for Russia to add to its official gold reserves. Gold prices have gained about 400% over the past decade.

    "The more gold a country has, the more sovereignty it will have if there's a cataclysm with the dollar, the euro, the pound or any other reserve currency," Evgeny Fedorov, a lawmaker for Putin's United Russia party in the lower house of parliament, told Bloomberg in a telephone interview in Moscow.

    Does Russia Investing in Gold Mean a Gold-Backed Ruble?

    When the former Soviet Union fell in 1991 and was replaced by the Russian Federation, a number of economists - not all of them gold bugs - suggested backing the ruble with gold to provide instant credibility and convertibility in international markets. Following Russia's default on Soviet-era debt in 1998, the idea of making a gold-backed ruble convertible was raised again.

    Back in 2011, ITAR-Tass reported that Russian Finance Minister Alexei Kudrin had told a group of finance ministers the increase in Russia's gold reserves "proves that the Russian ruble is strong." Kudrin continued, "Today the Russian ruble can be used in international settlements on the wish of economic entities. Today there are no restrictions for the ruble. The ruble is [a] convertible currency."

    Indeed, starting in May 2011, ruble-denominated Eurobonds have been regularly issued by the Russian government and Russian corporations.

    On Dec. 13, 2012, an unnamed source at Caterpillar Inc. (NYSE: CAT) said the company, which has extensive operations in Russia, was preparing to issue the first ruble-denominated Eurobond by a non-Russian company later this year.

    Although backing by gold is no longer necessary for the ruble to be a convertible currency, the continued acquisition of gold by Russia's central bank has kept the rumor mills humming.

    Gold as Alternative to Foreign Exchange Reserves?

    In all the excitement generated by the Bloomberg article, it is important to recognize that, even after a decade of aggressive gold purchases, Russia's gold reserves come to only 957.8 tons, putting Russia at number eight in terms of national gold reserves, according to the latest data from the World Gold Council.

    What is more interesting is that gold makes up only 9.5% of total reserves. This compares with 75.7% for the United States and 72.8% for Germany.

    Given the relentless quantitative easing programs put into place by major central banks, including the U.S. Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England, it makes sense for Russia to substitute more of its foreign exchange reserves with gold. In this way, Russia will not be exposed to the possibility of having the value of its foreign exchange reserves undermined by expansionary monetary policies by the major central banks.

    The spot gold price has failed to react to the Bloomberg story. Spot gold is down $19.00 in midday New York trading on Monday even though the apparent embrace of gold reserves by the Russian authorities is exactly what gold bugs have been anticipating forever.

    But this doesn't mean the increase in Russia's gold reserves should be ignored. Having more gold in the coffers of Russia's central bank will certainly take some of the pressure off the ruble, now that it is convertible, when the next financial crisis hits.
    Last edited by aslan; March 9th, 2014 at 11:27 AM.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  10. #40

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    Russia has more gold still in the ground than most other countries, as well.
    "The dogs bark but the caravan moves on."
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    The Zengrifter / James Grosjean Reputation Debate
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    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  11. #41
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    Quote Originally Posted by zengrifter View Post
    Russia has more gold still in the ground than most other countries, as well.
    Maybe they'd like to hire Halliburton to set up mining operations throughout Siberia and wherever else. Dick C. could be contacted for start negotiations.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  12. #42
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    Quote Originally Posted by aslan View Post
    Maybe they'd like to hire Halliburton to set up mining operations throughout Siberia and wherever else. Dick C. could be contacted for start negotiations.
    Brother Aslan... Big Brother already has a bulging file on you down at your NSA. Your anti-President stance is well known. Everything you say, write and even think on this topic is recorded and filed. Most likely at least six or eight operatives in Utah are assigned this troublemaker called "Aslan." You create jobs... You thought you live in a democracy. You do not. My advice is move to Australia before it's too late.
    PS Say hello and be nice to your operatives.

  13. #43
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    Quote Originally Posted by Katz View Post
    Brother Aslan... Big Brother already has a bulging file on you down at your NSA. Your anti-President stance is well known. Everything you say, write and even think on this topic is recorded and filed. Most likely at least six or eight operatives in Utah are assigned this troublemaker called "Aslan." You create jobs... You thought you live in a democracy. You do not. My advice is move to Australia before it's too late.
    PS Say hello and be nice to your operatives.
    Three more years... three more years... three more years ...and we'll be singing... free at last... free at last ...thank God, we're free at last!!

    Did you get that, NSAOO?
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  14. #44

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    Quote Originally Posted by aslan View Post
    Three more years... three more years... three more years ...and we'll be singing... free at last... free at last ...thank God, we're free at last!! Did you get that, NSAOO?
    NSA REPLY: Meet the new boss, same as the old boss!
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  15. #45
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    Quote Originally Posted by zengrifter View Post
    NSA REPLY: Meet the new boss, same as the old boss!
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    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

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