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This is Huge: "Massive Squeeze Coming As WGC Confirms Gold-Backed Yuan "

So the Chinese are listening to Dr. Paul...

King World News is pleased to break the news first in the world for our global readers that the World Gold Council has now confirmed the Chinese are going to back the yuan with gold. Today a legend in the business, Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, informed KWN of this development and also stated, “... the gold and silver bulls are going to begin to trample the bears at some point in the near future.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/...

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Ron Paul brought that up -

more or less in one of the last hearings he conducted where
Bernanke was testifying - pointing out that while you can't claim
a loss when the government inflates away the value of your fiat
money savings you are liable for capital gains if the same process
inflates the paper price of your gold/silver and you end selling
some of it.

Even though all you may really have done is stayed even in terms
of underlying value you would be penalized if you convert it back
to inflated fiat money...

You're talking about

gold and silver as an investment - with an expected return.

Not having that kind of money to play with, my gold and silver "purchases" are really just a means of ridding myself of worthless FRNs. More of an "exchange".

If and when prices soar I'd hope to buy something of value out right with the coins. Otherwise, my heirs will get them. The govt thru capital gains ain't getting a penny.

"If you want something you've never had before, you have to do something you've never done before." Debra Medina

I had not thought of that

Imagine that instead of gold confiscation it has to be registered in order for you to sell it - suddenly the government becomes the middle man that 'allows' you to 'sell' your gold and then collects a large chunk of the profit.

Just like the mafia.

"The more you sweat in training, the less you bleed in battle."

I think one state recently proposed a law to do just that.

But my recollection is that it was DOA.

They tried to tuck it into Obamacare but it was removed

at the last minute.
http://abcnews.go.com/Business/gold-coin-dealers-decry-tax-l...

"When the power of love overcomes the love of power, the world will know Peace." - Jimi Hendrix

That was the extensive 1099Misc provision.

What I was talking about was something else. It was an actual "registration" of all gold and silver purchases. And it was on the state level. I'll try to see if I can find it again.

I think it is Illinois (?)

not sure.

Americans "Better" Become Re-acquainted With This Document:

If they want to save the intent of the founders:

http://www.constitution.org/uslaw/coinage1792.txt

beesting

More big news

http://www.jsmineset.com/2013/01/24/in-the-news-today-1433/p...

The experts I have found most reliable have been saying for y ears that the final phase of this suppression will be "parabolic" increases. That will happen when "panic buying" begins, and panic buying is what happens when the general public finally catches on. The phase JUST prior to that is when the major funds start investing heavily. We seem to be entering that phase.
Now we will watch... as long as they can do this without much attention, things remain stable. (Gold and silver are both down at the moment.) It may take several more years before the public notices, or it could happen today.
Interesting times.

Love or fear? Chose again with every breath.

good points

I honestly believe that the vast majority of Americans will not be able to understand or process this kind of information and the ramifications that may result.

Many will see gold as a 'product' that has become 'too expensive' because they view their FRNs as 'real' money' and I dont see anything that would break that trance for most people. Meanwhile they will wonder why their FRN cannot buy X for Y price amymore and probably look to government for a solution.

But even if a small percentage of people currently in the dark 'wake up' and rush to precious metals then prices will go up and the physical will not be so easily controlled by the manipulation of the paper market.

"The more you sweat in training, the less you bleed in battle."

lifeboat

> Many will see gold as a 'product' that has become 'too expensive' because ..

yeh .. most believe the purpose of investment is to make lots of money for no effort. But investing in gold is essentially investing in a lifeboat.

People usually have an aversion to spending effort and money on safety measures that may not be needed. Ie. if all goes well, then all that effort on safety was wasted (fiat becomes stable and gold price remains relatively low). It all ends in tears, tho, when the ship goes down and there's not enough lifeboats to go round.

The inherent flaw in mass hypnosis

is that it relies on every member of the hypnotized masses reinforcing the hypnotic suggestion. Every individual that snaps out of it is not only an awake individual, but one less person reinforcing the mass "validation" of the illusion.
It could take years, we may not live to see it, but there will come a day.

Love or fear? Chose again with every breath.

I dont think people will wake up

Until a major chain/store literally stops taking FRNs or has two different prices - an FRN price that is higher and a X price that is lower.

Then it will hit like a ton of bricks.

"The more you sweat in training, the less you bleed in battle."

You are exactly right, IMHO...

And that was how it was happening in Soviet Union at the times of SHTF back in late 80s... Back then you would get rouble prices computed from $ prices (stable, and I, living there at the time, could not even imagine that I would have a chance to live through the same happening to $$, little did I know...).

When the Russian state got a bit back on its feet, it tried to prohibit prices specified in "foreign currency", so all stores posted prices in "Accounting Units", exactly equal to USD (later switched to Euro, I think, but I was not there, and can not be sure).

This is how it worked before, YMMV... Good luck! ;-/

Paul B.

I agree there will be a day

But I think the hypnosis of the FRN as dollar will be so hard for to grasp and anyone that sees through it and is 'awake' will become a 'conspiracy theorist' and an enemy.

I think it will be a very long, painful process.

Physical money, even paper, may see a temporary boost if credit becomes a non option - I saw a video about that not to long ago...

What do you think about that fishy? Any opinion?

"The more you sweat in training, the less you bleed in battle."

We barely have "paper money" already

Most people use debit cards, and many pay a higher price already and don't think twice about it. If "credit" gets shut down, debit cards are going to be caught in the crossfire, I would think, and that could cause a flight to paper.
You're comment above is similar to my views. I keep saying the public will figure it out when Bob the Electrician orders a roll of silver wire and can't get it. When the people who rely on real, physical metal to do real work can't get it, it is on.

Love or fear? Chose again with every breath.

don't forget to mention EBT cards

they are processed by the same companies, if credit locks up like you say, there will be a new "kristal nacht" as the mobs rush to get the last bags of cheetos and grape soda.

LOL! When you hear tales of empty grocery store shelves...

we can rest assured that after the hoards have pillaged and plundered, we will be able to walk to the produce section and it will be well stocked and in pristine condition.

Love or fear? Chose again with every breath.

We eliminated Ghadafi for

We eliminated Ghadafi for trying to institute the dinar, an African gold backed currency. I believe Iraq was about to go on a gold standard right before we invaded, as well. It will be interesting to see what the money masters intend to do about this. I imagine, more wars, more distractions.

This has come out, and what

This has come out, and what else has been in the news this week? North Korean nuclear threats... foreign countries pulling their gold reserves out of the US... Gun control legislation... the ban on women in combat being lifted.

If anyone would like to sum what thier thoughts are

on the implications of having the Yuan backed by gold, while the rest of the world languishes in fiat, please do.

I hope we can keep the internet.

I'll need this:
http://www.mdbg.net/chindict/chindict.php?page=translate

Love or fear? Chose again with every breath.