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UK Bail-Ins begin

20 Jun

Bail-In

As reported by the silver doctors, via the Daily Telegraph, bail-ins have now transmuted from Cyprus to Britain.

Expect much more of this kind of thing, as the banksters trouser your pension, savings, and income, to keep themselves nice and wealthy under the privileged system of government-run fractional reserve banking.

HT to AH

I work for the state, my pension is safe

18 Jun

Red Fleet

Do you work for the state? Do you think your future is safe? Do you think it’s funny that the mafia gang that pays your wages, expenses, and pension is going to ‘make’ me pay for you long after it has financially pummelled me into the ground (if it can find me)? Well, thanks for that. But I do believe I’m going to end up far more amused than you when the state you worship, adore, and sell your soul to each day, in return for the daily bread it steals from me, is going to cut you off at the knees and looks after its far more senior members instead.

It will do this when it runs out of my money, it can’t borrow any more money, and the money it can print is worthless. Read your classics history on ancient Egypt, ancient Persia, ancient Greece, and ancient Rome. It’s all there. It’s all happened before. And it’s all going to happen again. Welcome to the Matrix of history rhyming with itself.

Don’t believe me? Just look and see what’s happening in Detroit, a sort of modern-day version of a Hadrian’s Wall outpost. Because this ‘letting go of the help’ is going to happen in every western state-run city in the world.

But avoid worrying completely. When I’m on the beach in Thailand, I’m sure I’ll be needing someone to wash my car.

GoldMoney podcast: Matthew McCaffrey: Austro Marxists – who are they

27 Mar

Matthew McCaffrey GoldMoney

Short & sweet, I speak to the charming and highly intelligent Matthew McCaffrey, a phD student of Professor Guido Hülsmann at the University of Angers, about their new book, A Theory of Money and Fiduciary Media, a centennial book to celebrate the 1912 publication of Von Mises’s A Theory of Money and Credit, a pivotal book of the Austrian School, which marked the public beginnings of Professor Mises’s brilliance…

Episode 113: From the Ludwig von Mises Institute in Auburn, Alabama, on behalf of the GoldMoney Foundation, Andy Duncan speaks with Matthew McCaffrey, editor of Libertarian Papers, and a pHD student at the University of Angers in France.

McCaffery recently contributed to the new book, Theory of Money and Fiduciary Media in which he expresses an historical appreciation of Ludwig van Mises and the role that some British schools of thought may have had on influencing his work.

Other chapters of the book, which was published in 2012 to commemorate the centennial of Mises’ Theory of Money and Credit, are discussed, paying tribute to the economic themes that Mises´ contributed to.

To get your own GoldMoney account, with the Euro Vigilante as your referring affiliate, click on the picture below to visit the GoldMoney.com website, then click on their ‘Free Sign Up’ button, once you’re on their home page…

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GoldMoney podcast: Robert Wenzel: The parallels of Soviet Russia and modern day America

24 Mar

Robert Wenzel GoldMoney podcast

Another one of my interviews for GoldMoney Foundation, this time with Robert Wenzel, of Economic Policy Journal, on the subject of his Henry Hazlitt Memorial Lecture at the recent Austrian Economics Research Conference, in Auburn, Alabama, at the Mises Institute. We spoke mainly about how the topic of his speech – the long slow collapse of the Soviet Union – and how it could be applied to modern western economies.

Episode 109: On behalf of the GoldMoney Foundation, Andy Duncan interviews Robert Wenzel at the Austrian Economics Research Conference 2013 in Auburn Alabama.

At the conference this year, Wenzel is delivering the The Henry Hazlitt Memorial Lecture. His topic: “An Examination of Key Factors in the Collapse of the Soviet Union” leads the discussion. Wenzel, the editor and publisher of EconomicPolicyJournal.com, argues that the commonly held view of President Reagan being instrumental in the downfall of the Soviet Union is questionable and that the policies of Gorbachev were the pivotal components.

The time it took for the Soviet Union to collapse was around 70 years and Wenzel describes 4 reasons why this was so and how these concepts may apply to modern day economic conditions in America.

Tribute is then paid to the late Henry Hazlitt, his work and contribution to economics.

This podcast was recorded on 21 March 2013.

For those interested in hearing the whole of Robert’s speech on the Soviet Union, you can watch that here:

To get your own GoldMoney account, with the Euro Vigilante as your referring affiliate, click on the picture below to visit the GoldMoney.com website, then click on their ‘Free Sign Up’ button, once you’re on their home page…

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The state’s war on cash is the state’s war on liberty

9 Mar

Angel Devils Heidelberg

“Civilization, in fact, grows more and more maudlin and hysterical; especially under democracy it tends to degenerate into a mere combat of crazes; the whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, most of them imaginary.”

H. L. Mencken, In Defense of Women (1918)

First the king took away our private gold coins, and insisted that the only allowable gold coins must have his head stamped upon them. People agreed with this, because they trusted the king to be true with his weights and measures.

Then the king took away his gold coins, and insisted that the only allowable money must be gold paper notes with the king’s head printed upon them. People agreed with this, because they trusted the king to have a fixed weight of gold behind every paper note.

Then the king took away his gold paper notes, and insisted that the only allowable currency must be plain piece of papers with his head printed upon them. People agreed with this, because they believed the king’s Keynesians and the king’s monetarists that gold was a useless and expensive barbarous relic.

Then the king took away his plain pieces of paper, over a limit of 15,000 currency units, and insisted that everything above that must be unencrypted electronic bits traceable by his minions. People agreed with this, because of all the hobgoblin evil people out there – such as those selling goods that people wanted, but which the king had ruled that he disapproved of – had to be traced and locked up in the king’s jail cages. (And this was despite the king and his minions buying large quantities of these goods themselves, especially in their university days, though most of them refused to acknowledge whether they ever inhaled.)

As very few people ever bought anything over 15,000 currency units, just like frogs in a bath of warm water they hardly noticed the change anyway.

Then the king started to ratchet this 15,000 limit ever downwards, first to 10,000 units, then to 1,000 units, until one fateful day the only currency the king would allow – even for a single cup of coffee – was this government-approved stream of unencrypted electronic bits, all of them traceable by the king and all of the king’s minions.

The electronic bars of the electronic Gulag had finally been lowered into place. And if this meant that the king’s fractional reserve banking system need never worry again about bank runs, and if the king’s enormous legions of well-paid tax men could harass you down to the tiniest centime of your income, then this was just a meaningless and irrational coincidence, and how dare you entertain or contemplate such a disgraceful thought.

If you have nothing to hide, then you have nothing to worry about.

You may, yourself, have found it odd a few years ago when people in coffee-shop queues ahead of you started buying single cups of coffee with a plastic card and a PIN number, to slow your queue down, and in the process generate a full electronic record of this transaction and a small fee for the banking merchant.

And then it started being half the people in the coffee queue, slowing it down to glacier-like levels, to the point now in my part of the world, where virtually everyone hardly ever uses cash except for things they would rather people failed to know about (for whatever reason). I even get scowled at by coffee shop staff for still daring to use coins, and one man at a frozen yoghurt stall recently let me have one of his products for free because he had absolutely no change for a small denomination fiat cash note.

And the state is going to grow ever more relentless in banning anonymous cash transactions, until every single piece of freedom left in a society will have been sucked into your nearest PIN machine. As well as being implicit tax farm prisoners, we will finally become explicit tax farm prisoners.

However, as Joe Salerno points out in this article, we should resist this international war against cash. In his article, Professor Salerno quotes another writer, Wolf Richter, from his recent piece in The Testosterone Pit:

“With this law [proposing a cash limit of €1,000 euros], the French government will be able to tighten the vise on its people one more turn, restricting their freedom of choice (how to pay), wiping out any privacy in those transactions, and imposing another layer of government control. Once people have gotten used to the €1,000 limit—based on the great principle of incrementalism with which restrictions of freedom come to pass in democracies—the vise will be tightened further, until the government can document every purchase made by ‘fiscal residents.'”

What this tells me is that it is important for us to escape remaining ‘fiscal residents’ of one particular state. And the best way to do that will be to secure yourself more than one valid passport, with the second citizenship being in as free-range a tax farm as possible.

And while we’re doing what we can at the Euro Vigilante to help provide you with such passport brokerage services, you may wish to avoid waiting for us to get you what you need. Yes, we’ve launched passport services for St. Kitts & Nevis and the Dominican Republic. However, both of these services are still extremely expensive, compared to the price of a single coffee. While we work our way down the brokerage fee charts, we will get cheaper. However, this kind of service is never going to be cup-of-coffee cheap.

So if you’re an American with Irish heritage, get yourself an Irish passport; if you’re an Australian with English heritage, get yourself a British passport; or if you’re an internationally-famous French movie actor and you know Vladimir Putin, then get yourself a Russian passport. Just do whatever it takes. Or as Stephan Kinsella said at the most recent Property and Freedom Society conference, get yourself rich to protect your freedom with money (which also means you’ll be able to purchase one of our top-of-the-range passport services).

The war on ‘fiscal residents’ is only going to ratchet tighter, as the state and its friends in its banking system clamour for ever more electronic money of the unencrypted kind. So do what you can to avoid being caught in the net.

Which brings us on to encrypted electronic money, of course. However, I’ll leave that subject for another day.

Shock news just in! – Western central bankers have just discovered how to rescue us all

8 Mar
An essential central banking policy tool

An essential central banking policy tool

Stop all the Bloomberg feeds, cut off all the cell phones, prevent the press from thinking with a juicy story about the failed politician’s marriage. Because the new governor of the Bank of England, the extremely well-compensated Mark Carney, has just discovered how to fix Great Britain’s economic woes. Can you guess what it is yet? Yes, you might be ahead of me on this one, but he’s going to ‘rescue’ Britain’s economy by printing more money. Who would have thunk it?

(If you can get through the Financial Times paywall, you can read about this here.)

It seems Mr Carney is going to be granted a Federal-Reserve-style mandate of ‘targeting’ both unemployment and price inflation, as opposed to just price inflation. However, since the Bank of England has failed to hit their price inflation target for quite a number of years now, who was counting anyway? This Keynesian dual-targeting of both unemployment and inflation is hilariously based on the 1958 Phillips Curve, which never really worked as a model even back in 1958 and which was repeatedly smashed on the Procrustean rocks of stagflation in the 1970s, to the point where teenage boys would laugh at economics professors who tried to teach it in the ivy league halls of the United States.

However, Keynesians never let history, lost decades, or indeed logic and the unchanging nature of the human condition, ever get in the way of a good mathematical curve, especially when completely unrelated to reality and where it can be used to justify million dollar salaries for themselves personally (once again proving the unchanging nature of the human condition).

And so, after five years of quibbling with a mere half a trillion dollars of quantitative easing, the Bank of England has finally decided to really ‘rescue’ Great Britain, just as Mr Ben Bernanke has ‘rescued‘ the United States, Mr Shinzo Abe has decided to ‘rescue‘ Japan, and Mr Mario Draghi has decided to ‘rescue‘ Euroland. It seems remarkable that they’ve all hit upon the same solution, which is to print more money. Who knew it was that easy?

So why has the Bank of England waited so long outside the western central banking party before deciding to ‘rescue’ Great Britain by flooding it with quadrillions of paper currency units? Before they drown us in yet more digital scrip, however, perhaps they ought to speak first to Mr Gideon Gono, the governor of the Reserve Bank of Zimbabwe. I’m confident he has an opinion on this crucial central banking tool.

Maybe they decided against this because money printing is the only central banking tool, and if they’re to be denied this wonder drug, they may as well just all sack themselves? Though it does seem amazing to me that you have to pay a man a million dollars a year to tell you that he’s going to swing the only golf club available in the bag. However, I suppose if he wears a suit nicely, sounds vaguely foreign, and looks ‘authoritative’ on financial news programmes, it’s cheaper than hiring Brad Pitt.  We must also remember that although money printing has never done any general society any good, it has done one group of really special people lots of good, especially over the last few years, when most of them should have been made bankrupt. These people are of course the closet friends and the shadowy shareholders of the western central banks, the über-wealthy bank-rollers of the western political classes.

For they just love money printing, especially when it is used to bail out the banks they own and operate. And they’re still über wealthy as a result, when many of them should be pushing trolleys around supermarket car parks. Though collecting supermarket trolleys is honest work, and honest work is something the über-wealthy long since gave up on. Why work when printed money can steal the production of others? Just make sure that you control the people who do the printing. You can ask any mafia gang controlling a high-quality basement counterfeiter about that. And if the money you’re printing is such high quality that it is the currency of the realm, then you can laugh all the way to the Bank of England. So long as you possess the collective morals of a cackle of hyenas.

And so, as the western world wends its weary inevitable way into a full-scale paper money collapse, singing about recovery-around-the-corner all the way down the rabbit hole, we at the Euro Vigilante have a question to ask.

Do you want to continue seeing puppet politicians take your wealth and wither your entrepreneurial spirit to keep propping up their parasitical über-wealthy friends, or would you rather that the fruit of your talent and your labour generated only wealth and benefits for you? We’re still very much in the early stages of constructing bullet-proof international corporate solutions which could help you here, but if you’d like to get in on the ground floor of our service solutions, visit this bare-bones page to contact our Swiss broker. Tell him what your needs are. In a world of lies, corporate welfare, and statism, he might be able to help you reach a world of truth, private wealth, and freedom.