The prophetic words of Hugo Salinas Price

[ximmy]

March 30, 2012

“I think that unless we see legislation, somewhere, that is rational and recognizes that gold and silver are really different forms of money, and that this whole scheme of paper is unworkable, then the world is going to go down in flames. The only thing that would last will be people’s savings of gold and silver.”

“But what kind of a world that will be? I think it will be a very nasty world. In spite of having gold and silver, that may not be enough to save you. They’re good things to have, but what we actually need to do is save our civilization and not go down in flames.

I think the first thing to do would be to insert silver coins into the monetary system. That would be a healthy thing to do. I was very happy to see Ron Paul pull out a silver coin. To me it’s like he was facing the vampire Ben Bernanke with a silver coin, instead of a silver bullet.”
Now we are seeing that the result is a complete catastrophe in Europe. It’s going to be very grim. I don’t really know what they are going to do at this point. They are going into a terrible depression. That is what they have right now and I think it’s going to get worse.

What happened to European society when the gold standard was abandoned was the same thing that happened to the United States. Their industry has been undermined by accepting imports which can be paid for with euros, instead of with exports.

It used to be that all trade was paid. Exports paid for imports. If you didn’t export, you couldn’t import. A country that wanted to sell had to buy at the same time.

Now we are going to have protectionism. I think we are going to see a rise of protectionism in Europe, maybe even between the different countries. Sarkozy seems to be waffling if you noticed statements recently.

He wants to protect the French. Well, that doesn’t go with the plan of the original project, does it? They are reverting back to protectionism. I don’t know how, out of these ruins, Europe is going to rebuild.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/30_Billionaire_Hugo_Salinas_Price_-_World_May_Go_Down_in_Flames.html

[Eyebone]

Well the leftists will have to go back and hide deep in the woodwork till the people become rich again.

[palani]

what we actually need to do is save our civilization

Civilization is a law which makes a common law crime civil. Common law crimes are punished. Monetary payments are not the order of the day.

To hell with civilization.

[JohnQPublic]

A Discussion of Precious Metals as Money (http://gold-silver.us/monetized_silver.html)

By Hugo Salinas Price

[ximmy]

A Discussion of Precious Metals as Money (http://gold-silver.us/monetized_silver.html)

By Hugo Salinas Price

This guy is amazing... Great format JQP!

[Sparky]

A Discussion of Precious Metals as Money (http://gold-silver.us/monetized_silver.html)

By Hugo Salinas Price

Summary: Monetize silver, and have it's currency value tied to spot price plus manufacturing cost plus seniorage, rounded up to the nearest whole amount. (In U.S. terms, lets say $35/ounce at current spot.) The price would rise with spot in whole increments (say a dollar), but not be reduced at any time. Ultimately, in the same way that paper currency face value exceeds material content value, the same would (ultimately) be true of the silver ounces.

For the sake of discussion, I see this problem:

Knowing that the currency value could never decrease, wouldn't major interests holding huge capital simply buy out the market? At $35/ounce, JPM could buy furiously until the price rose to $100, and essentially corner the market. Or multiple big interests could bid it up to $200, but in the end, all the silver currency would be held by a small number of entities. They'd then have a stockpile of currency exchangeable at $200 for which they paid, on average, much less than that. Once again, the little guys would be mere pawns.

Of course, I don't mean to diminish the idea of currency having meaningful value. As a matter of fact, the thought of this makes me more pissed at the idea of proposed changes to coin content, and why I retain nickels on principle alone. The government's argument is that "it costs too much to manufacture". Yes, of course it does, when measured in your pathetic diluted fiat currency system, you freakin' morons. If you didn't debase the whole damn system, you wouldn't have that problem!

[Twisted Titan]

You know what sparky.

They will corner the market regardless do you know why?

Taking manipulation out of the equation....they are able to asses the known factors and pre postion themselves for its maximum expliotation.

The only difference this time around is.....there will be small band of newly minted elite that will rise from the ranks of The Proloteriate.

Many on this board will be members of The Hard Currency Elite.

[Sparky]

True, TT, that many on this board would have a leg up on the crowd. But this proposal promises to protect the crowd. I do, however, like the sound of Hard Currency Elite. ;) Though we would still be beholden to JPM and friends, who would become Hard Currency Grand Masters.

What about this alternative: issue a new currency with partial PM backing. Each new $100 note is redeemable for an ounce of silver, or one gram of gold. The gov't would have to purchase silver and gold to back the redemptions. Eventually, the two would be at parity, with silver at $100/ounce and gold at $3110/ounce. Essentially, this would allow them about a 2x-3x inflation from here to get their fiscal house in order over the next generation without causing a monetary dislocation. Then, the fiat shenanigans would end. Unfortunately, I do not see them voluntarily giving up their clutch on the proletariats.

[Sparky]

Of course, in a SHTF scenario, the new $100 note becomes redeemable for one ounce of silver, or one can of soup.

[gunDriller]

i'm amazed when i read the yields that are talked about in the mining industry press.

"Balmoral & GTA Intersect 1.41 g/t Gold Over 240 Metres"

from
http://www.miningfeeds.com/2012/04/18/balmoral-gta-drill-results-april/

1.4 grams per Ton ?!

PFFFFT ! that SUCKS.

i hear yields ranging from 1.4 grams per Ton up to 300 ounces per Ton (which would be 1% gold by weight, a very very rich ore.)


at some point soon, diminishing yields will intersect with rising chemical & energy costs to make those ore bodies un-profitable - unless gold moves into the stratosphere price-wise.

in other words, those low yields cited in the mining industry press are one of the many forces gathering to overcome the bankster manipulation of the price.

[Twisted Titan]

True, TT, that many on this board would have a leg up on the crowd. But this proposal promises to protect the crowd. I do, however, like the sound of Hard Currency Elite. ;) Though we would still be beholden to JPM and friends, who would become Hard Currency Grand Masters.
o




I made a very powerful distinction a while ago.

I am not in a race against JPM or any other big wig for that matter.

I am only in competition with myself.

I just have to run it to the best of My abilty.


When the time of the New Monetary comes....I will be in a be pre postioned to exploit that advantage to the fullest.

So in sum I don't give a rats @$$ that JPM made 890 Quadrillion I will be very happy with making 7-9 million in the new monitary units of the day. :)

[gunDriller]

When the time of the New Monetary comes....I will be in a be pre postioned to exploit that advantage to the fullest.

So in sum I don't give a rats @$$ that JPM made 890 Quadrillion I will be very happy with making 7-9 million in the new monitary units of the day. :)

brother, can you spare a dime ? :)


it's wierd to think, one silver dime @ 100 x face = $10. WOW.

10 dimes would be about .715 ounces, if that was worth $100 ... silver would be at $140.

[Book]

http://www.tldm.org/news4/SubdermalChip.jpg

http://images.sodahead.com/blogs/000289155/rfid_xlarge.jpeg

The new money will be digital shekels worldwide.

::)

[ximmy]

Hugo Salinas Price Speaks Again, not good... :(

The words of this guy really cut at my heart...
ximmy

Today multi-billionaire Hugo Salinas Price told King World News in stunning detail what he believes to be the frightening plan to “control the world” going forward. He described this as a “very disturbing fact that is facing humanity.” Here is how he described the situation: “Eric, the problems we are seeing in the West are not going to be resolved in any positive way. What we have had in the West, in recent decades, has been the welfare state. The welfare state is, in my view, what I would call, ‘socialism light.’ We’ve had ‘socialism light’ and now we’re going to transition to full-blown socialism.”

“This could not be paid for out of taxes: It had to be financed. This is what has caused the explosion of debt in the West. The people who are in power, the elite, do not want to relinquish their power. They plan to retain it under full-blown socialism for the populations of the West.

This includes all countries that have central banks: They are going to have to follow suit. This is a very disturbing fact that is facing humanity. It means the inevitable decline of industrial civilization, and the inevitable impoverishment of the world’s population.

This means that over time there will be a decline in the number of people on this earth. That is the rather grim outlook that I see. So, it’s socialism ahead. And with that will come more government control and a centrally run economy. This is inefficient and unproductive, and it will lead to impoverishment.

Nakita Khrushchev, when he came to the United Nations, said, ‘We will bury you’....

“Well, it’s not the USSR that buried us, it’s us burying ourselves, under the rule of our elite, who do not want to give up their control. The furtherance of their control lies in socialism.

I think this comes from a central idea that has possessed the imagination of the world. It’s the idea that authority comes from below. In other words, that authority comes from the people. This idea of authority from the will of the people is a myth of our civilization. Excuse me for saying that it’s a myth, but I see that as a fact.

I’m just saying that those who control the world know they have to curry the favor of the people. To do this they went the way of the welfare state, and democracy to give people the fiction they (the people) are in control. Well, they are not and never have been.

We also have fiat money to fund the welfare state. Then we have entertainment to distract the people. We also have war to distract the people. The airplanes bomb people, and the victims are just humans who are expendable. This is how the elite see things.

We will continue to see this from the elite, in order to maintain their power. Remember, socialism impoverishes, it consumes capital, it does not accumulate capital. So, you will have this de-capitalization that will come with socialism.

When you combine that with the probability that we are at peak oil, as that prime source of energy comes to a point where it begins to decline, you will see a decrease in the population.”

Hugo Salinas Price also warned: “Italy and Spain have already imposed a limit on cash transactions. Any transaction above 2,500 euros has to be paid with a credit card. Now that’s ominous. It confirms the socialist trend because in socialism you have very little use for money. Everything is supplied by means of ration cards.

That’s what I see coming, and I see it in the United States as well. Take, for example, the fact that there are 46.5 million people on food stamps. You already have the ration card in action there.”

He also added: “For those people who want to protect themselves, they are going to have to take some drastic measures. They will have to be imaginative in trying to protect themselves in whatever way they can from this onslaught of centralized government.

Everybody should constitute a reserve of something that will function as ‘real’ money because there will be continued abuse of fiat money in order to fund the socialist state. We will see more limitations on the use of cash, and people need to be prepared for that.”

More:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/3_Billionaire_Hugo_Salinas_Price_-_Elites_Plan_to_Control_the_World.html

[Book]

...multi-billionaire Hugo Salinas Price told King World News in stunning detail what he believes to be the frightening plan to “control the world” going forward. He described this as a “very disturbing fact that is facing humanity.” ...Take, for example, the fact that there are 46.5 million people on food stamps.



::) duh. too funny. multi-billionaire fears 46.5 million hungry people...lol.

[Rubberchicken]

Nothing new

[Sparky]

::) duh. too funny. multi-billionaire fears 46.5 million hungry people...lol.
I don't see that as inconsistent. If he didn't care, why would he bother to speak on this subject the way he does?

[Book]

I don't see that as inconsistent. If he didn't care, why would he bother to speak on this subject the way he does?



This multi-billionaire cares about the 46.5 million Americans on food stamps?

:)

[Sparky]

This multi-billionaire cares about the 46.5 million Americans on food stamps?

:)

Maybe.

[Shami-Amourae]

http://www.youtube.com/watch?v=MuS6_M4cQOM

[Horn]

He makes a good point of Gold and Silver going into hiding.

Pretty soon, if you take it out, it will be stolen.