75 Local Barter Currencies Cropping up Nationwide

This is not exactly a real solution, exchanging Fed dollars for local fiat currency dollars, I don't really know what the point is, but the idea is sound to get people used to the idea that there are other mediums of exchange besides Federal Reserve notes. At one point, we used to have several different types of currency with one common denominator, they were all back by either gold or silver. The concept of coin clipping was the first attempt to de-base the currency. We have gone way beyond that with a complete devaulation of the economic system of the world at large.
USA Today's reporting on local currencies gives the impression that this is a NEW phenomenon born from the recession. Rather, many of these programs have existed for some time.
The organization that runs BerkShares, told Huffington Post that it has been producing currency since 2006, well before the financial crisis dominated headlines. Ithaca Hours have been in production since 1991. Despite the fact that these currencies have existed - a point USA Today should update - there is a growing interest in currency production for communities hit by the recession. New currencies, like the Detroit Cheers are coming into play.
A small but growing number of cash-strapped communities are printing their own money.Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses.
Cont'at Source

U.S. Mint Suspends Sale of Gold and Silver Eagles

Get ready for the explosion of Gold and Silver prices this summer. The U.S. mint can no longer keep up with the demand for the physical Gold and Silver. 90% of Gold and Silver is traded in the form of EFT paper transactions. With the growing depression, they demand for the actual metal has skyrocketed. Now, the Gold and Silver stocks are diminishing as people begin to hoard with the acceleration collapse of the dollar and other fiat currencies worldwide. Citibank is cashing in government bailout theft dollars with Gold.

The United States Mint has officially announced the suspension of another slate of gold and silver products. The affected products are 2009 dated American Gold and Silver Eagle coins produced for collectors. These coins are considered collectible versions of the bullion coins.

Although these are collectible coins, they represent a sizable amount of precious metals sales and represent a method of gold and silver investment for many individuals. Last year, the US Mint sold 1,157,911 ounces of silver in the form of Silver Eagle coins minted for collectors. They also sold 155,740 ounces of gold in the form of Gold Eagle and Gold Buffalo coins minted for collectors.

The following message was posted on the US Mint's website in the space where the collectible Gold Eagle coins typically appear. The proof coins has been offered uninterrupted since 1986. The uncirculated version has been offered since 2006.

Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins. Currently, all available 22-karat gold blanks are being allocated to the American Eagle Gold Bullion Coin Program, as the United States Mint is required by Public Law 99-185 to produce these coins “in quantities sufficient to meet public demand . . . .”

The United States Mint will resume the American Eagle Gold Proof and Uncirculated Coin Programs once sufficient inventories of gold bullion blanks can be acquired to meet market demand for all three American Eagle Gold Coin products. Additionally, as a result of the recent numismatic product portfolio analysis, fractional sizes of American Eagle Gold Uncirculated Coins will no longer be produced.

A similar message is posted in the section where collectible American Silver Eagle coins would typically appear. The proof coins have also been offered uninterrupted since 1986 and the uncirculated coins since 2006.

Production of United States Mint American Eagle Silver Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins. Currently, all available silver bullion blanks are being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins “in quantities sufficient to meet public demand . . . .”

The United States Mint will resume the American Eagle Silver Proof and Uncirculated Coin Programs once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.

This adds to the lengthy list of 2009 dated precious metals products that have been "temporarily delayed" or suspended by the US Mint. In my previous post Actions of the US Mint Discourage Gold Ownership, I mentioned the delayed release of 2009 Gold Eagle fractional coins, 2009 Gold Buffalo coins, and all 2009 Platinum Eagle coins. The delay, which was first announced in November 2008, continues with no further explanation provided.

For those keeping track, here is a list of the US Mint's 2009 precious metals products that have been "temporarily delayed" or suspended:

* 2009 American Gold Eagle 1/2 oz. (bullion)
* 2009 American Gold Eagle 1/4 oz. (bullion)
* 2009 American Gold Eagle 1/10 oz. (bullion)
* 2009 American Platinum Eagle 1 oz. (bullion)
* 2009 American Platinum Eagle 1/2 oz. (bullion)
* 2009 American Platinum Eagle 1/4 oz. (bullion)
* 2009 American Platinum Eagle 1/10 oz. (bullion)
* 2009 American Gold Buffalo 1 oz. (bullion)
* 2009-W Proof American Gold Eagle 1 oz. (collector)
* 2009-W Proof American Gold Eagle 1/2 oz. (collector)
* 2009-W Proof American Gold Eagle 1/4 oz. (collector)
* 2009-W Proof American Gold Eagle 1/10 oz. (collector)
* 2009-W Proof American Gold Eagle 4 Coin Set (collector)
* 2009-W Uncirculated American Gold Eagle 1 oz. (collector)
* 2009-W Proof American Silver Eagle (collector)
* 2009-W Uncirculated American Silver Eagle (collector)

In addition, the following precious metals related products were discontinued by the US Mint for 2009. These discontinuations were announced in November 2008. Amidst the environment of unprecedented demand for precious metals, the US Mint determined that these products were "unpopular."

* Uncirculated American Gold Eagle 1/2 oz. (collector)
* Uncirculated American Gold Eagle 1/4 oz. (collector)
* Uncirculated American Gold Eagle 1/10 oz. (collector)
* Unriculated American Gold Eagle 4 Coin Set (collector)
* Uncirculated American Gold Buffalo 1 oz. (collector)
* Uncirculated American Gold Buffalo 1/2 oz. (collector)
* Uncirculated American Gold Buffalo 1/4 oz. (collector)
* Uncirculated American Gold Buffalo 1/10 oz. (collector)
* Unriculated American Gold Buffalo 4 Coin Set (collector)
* Proof American Gold Buffalo 1/2 oz. (collector)
* Proof American Gold Buffalo 1/4 oz. (collector)
* Proof American Gold Buffalo 1/10 oz. (collector)
* Proof American Gold Buffalo 4 Coin Set (collector)
* Uncircualted American Platinum Eagle 1 oz. (collector)
* Uncircualted American Platinum Eagle 1/2 oz. (collector)
* Uncircualted American Platinum Eagle 1/4 oz. (collector)
* Uncircualted American Platinum Eagle 1/10 oz. (collector)
* Uncircualted American Platinum Eagle 4 Coin Set (collector)
* Proof American Platinum Eagle 1/2 oz. (collector)
* Proof American Platinum Eagle 1/4 oz. (collector)
* Proof American Platinum Eagle 1/10 oz. (collector)
* Proof American Platinum Eagle 4 Coin Set (collector)

That makes a total of 38 precious metals products which have been delayed, suspended, or discontinued by the US Mint.

As it currently stands, investors or collectors looking to purchase newly minted American Eagle or American Buffalo precious metals products have only two options available. These are the 2009 1 oz. American Gold Eagle and the 2009 1 oz. American Silver Eagle. Both of these products continue to be subject to rationing.
Source

Gold and the Coming Panic

A couple of bright friends reported to me some overriding themes at the PDAC gathering in Toronto last weekend. Apparently, some surprise came to them. They mentioned that more than a few analysts, writers, and speakers still do not get it. They actually believe the situation with the USEconomy and US banking system has begun to stabilize. That is like saying a college basketball player has Michael Jordan under control, or a farmer has his Clydesdale horse under control, or a misguided King can call back the ocean tide, or a man has a hurricane under control as he clings to a roof rafter. The USEconomy has entered an accelerated phase of disintegration, while the populace has entered a new panic phase. The US stock market is under the microscope, and it just broke a key multi-year critical support level. This article is intended to be constructive, with a list of perceived meters and conditions, followed by a four-step foundation for a recovery. When finished reading the four planks, one should easily conclude that no solution, let alone attempt, is on the correct path or is in the works.

Therefore the plan for individuals, who have been betrayed on a colossal scale, must defend themselves by exiting all assets and hunkering into cash. The betrayal lies at the feet of bankers, politicians, military brass, and corporate chiefs. By the way, cash is prescribed in that perfectly crafted document called the US Constitution. Gold & silver are the only forms of money that can legally satisfy debts public and private. That near perfect document has also been betrayed, with even the last president calling it a 'mere piece of paper' incredibly. The financial problems of the nation took deep root with the Vietnam War and the subsequent abrogation of the Bretton Woods Accord that had forged the US$-Gold linkage. The analysts, pundits, bankers, and politicos seem to have totally lost sight of this basic fact. Their deep error, along with profound corruption, will be centerpieces in the next chapters written in history. My rational and considered belief is that gold, as well as crude oil, will be anchors to the next global reserve currencies. What better route to stabilize both financial and commercial price systems? Those who believe that the USDollar will prevail and survive this turmoil as the global reserve currency are precisely as incorrect as those who believed the US banking system could survive the mortgage debacle as it unfolded. We are witnessing a long slow drawn-out death experience for the USDollar, liquidation of the USEconomy, to be followed by a default by the USTreasury Bonds. During the panic phase, the response in the gold & silver prices will be profound, with advances to date only a prelude to a march to $2000 gold and $50 silver.

CRESCENDO AFTER ETHICS ORIGINAL SIN
The topic of fraud has clearly been in the news often in the last two years. The mortgage fraud was for a while covered up by its framing as a subprime problem, but no longer. The counterfeit of Fannie Mae mortgage bonds, estimated at well over $1 trillion, has been essentially kicked under the rug on USGovt hallways following its nationalization. The insider trading by Goldman Sachs is an example of outstanding and impressive executions, perpetrated with complete impunity. The maze of unscrupulous, devious, and insidious fraudulent business units of JPMorgan is worthy of a 500-page chapter in the US financial history treatise, someday to be written. See the complete distortion of usury costs (interest rates kept low) by JPM, with such a volume of Interest Rate Swaps that was sufficient to run the Bond Vigilantes out of town. Skewed cost of money is the foundation for speculative bubbles. See the management of USTreasury Bonds by JPM on behalf of the Federal Reserve, along with the $2.2 trillion that they sold above and beyond the officially stated USGovt issuance of USTreasury Bonds. That is called counterfeit evidence, the records for which were lost in the third building at the World Trade Center. See the management by JPM of the Bank of Baghdad. Twice as much money is missing from the Iraq Reconstruction Fund than was stolen by Bernie Madoff, up to $100 billion being estimated. And never overlook the financial tentacles that extend from Afghan operations on the contraband side, to the Bank of Baghdad as the clearinghouse.

The quiet climaxes of fraud are seen with the Madoff Ponzi Scheme and other minor cases. If you think that authorities are still looking for where Madoff hid the stolen money, then you must believe that the Wall Street mission is to assist in the capitalization process for US industry. The majority of the Madoff funds are safely placed in the same location as much of the Wall Street ill-gotten gains. My sources report that location to be banks within the tiny ally coastal nation north of Egypt and south of Syria, which with the urging of the last Administration, removed all extradition laws in recent years. Trace back to find the original sin of the ethics violations, and you should find your feet squarely at the abrogation of the Bretton Woods Accord that cut the linkage between the USDollar and gold. This is an ethics violation climax of historical proportions......
RETAIL IS THE BAROMETER
Over 80 thousand retail stores closed in 2008. The forecast from expert corners is for another 120 thousand retail shutdowns in 2009. Numerous retail chains have gone out of business, with the list expected to more than double in 2009 and 2010. Recall retail consumption had been the boasted foundation of the USEconomy, the engine of growth to the global economy, by inept clueless hack economists for at least a decade. The national guidance from the economic counsel staffs continues to utter heresy that spending is healthy, when sound economic reason dictates that investment in productive enterprise is the key to any solution. This blight is very difficult to hide from the American public, as they pass the partially and completely shutdown malls, mini-malls, and small office strip malls during their daily lives. The feedback loops are indeed vicious, as reduced spending means job cuts, even though they are low-paid jobs. Bear in mind that the construction and operation of retail shopping malls does not constitute investment in an economy toward its productive capacity, but rather creation of a pathway to liquidate and spend home equity on the path to foreclosure and bankruptcy. In my view, retail serves as a barometer on what to expect in the near term future. The crisis collapse in the car industry echoes loudly the retail woes, as annual sales decline range from 40% to 50% per brand. The response in the gold & silver prices to the blight in shopping malls, retail crash, and car collapse will be profound, with advances to date only a prelude to a march to $2000 gold and $50 silver.

FORECLOSURES ARE THE LEADING INDICATOR
In 4Q2008, the rate of foreclosures rose by 53%. No stability whatsoever is evident. The only good news is that the rate of FC is no longer 100% on an annual basis. So a deceleration is in progress. Maybe in one year's time, the FC annual growth rate will only be 30% to 35%, with some luck. The Mortgage Bankers Assn reported today that the mortgage delinquency rate rose by two percentage points to 7.88% by year end 2008, and the foreclosure rate rose to 3.3% also. The total in DQ or FC rose from 10.1% in 3Q2008 to 11.2% in 4Q2008. So one home loan in nine is late or dead. Also, an estimated 20% of American homes are in negative equity situations, with loan balances in excess of their home values. As the delinquencies convert to foreclosures, the bloated home inventory for sale will remain at elevated levels. In fact, they are grossly under-stated, since banks are rotating foreclosed properties on their books in order to avoid a further flood on the bloated condition. REO properties by banks are a hot topic.

To be sure, a few dozen or a few hundred or perhaps even a thousand home loans might receive actual aid by the USGovt. The number of home loans to receive some form of official aid is proposed to benefit one in nine, coincidentally. Time will tell to what extent any new legislation on so-called 'cramdowns' takes root. Bankruptcy judges might soon have the power to dictate to a bank that it reduce home loan balances, seeking a level of affordability relative to proved income. The home loan aid process is incredibly slow, while the pace of economic decline is accelerating. Be sure to know that households in foreclosure, or in delinquency, or even in chronic insolvency from an under-water home loan do not spend money, and generally cut back on expenses, even enter a bunker mentality under siege. The response in the gold & silver prices to the household insolvency and foreclosure process will be profound, with advances to date only a prelude to a march to $2000 gold and $50 silver. Long Article cont' Here

Silver is your means of preserving your wealth. Monex is the low-cost Silver retailer. Jump on the 500% rise in Silver over the next two years. 800-949-4653 x2172
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End the Fed! National Day of Protest and Education 11:22:08: WORSE THAN THE GREAT DEPRESSION

End the Fed! National Day of Protest and Education 11:22:08: WORSE THAN THE GREAT DEPRESSION

You can speed the processing of Ending the Fed; by buying Silver now. Each Troy oz is a dagger in the heart of the beast from Jekyll Island. You must own the Physical metal in your hand.

Monex is the low-cost gold and Silver retailer. Paul Bea @ monex 800-949-4653 x2172
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Massive Gold Shipments coming into the US?

A secret source in the video implies that the U.S. Government is buying Gold while the dollar is at an all-time high. We see, I have heard reports for years of the U.S. going back on the Gold standard. Most likely the movement will happen with the Gold Bills.

Monex is the low-cost gold and Silver retailer. Paul Bea @ monex 800-949-4653 x2172
To support Goldmoney use Kevin from Goldmoneybill.org as referral.



Silver is your means of preserving your wealth. Monex is the low-cost Silver retailer. Jump on the 500% rise in Silver over the next two years. 800-949-4653 x2172
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CAFR FUNDS: THE GOVERNMENT SURPLUS SHELL GAME

Now the Cafr Funds are tough to wrap your head around, that there is a 60 Trillion dollar Surplus nationwide. How could that be? How could a fraud this large be so throughly prepetrated? EGO according to Walter Burien. We are so hung up on our own supposed intelligence that we can't see the forest from the trees. We do after all, drink Fluoridated water without a second thought, take chemicals into our body, without a giving a hoot about the consequences to our holy temple. Olestra...need I say more.
So read this article through and re-read it as homework, then go to Walter site and digest the mountain of info there. This is more important than restoring the Gold Standard at this point. First, uncover the massive deception and then fix the problem; which is the use of paper as money. 100 years from now, our descendants will be scracthing their heads, wondering how we could kill each other over paper. Step on our fellow man for paper.
The first thing to understand is that shell games are very profitable. Government expanded their "gross" income as they continued to raise their "tax" income. In doing so, the public's focus was on battling increases in tax income looking at "Budget Reports" and were kept oblivious to governments ever-growing "non-tax income" (CAFR or AFR Reports a 136,000 reports and growing)

The public maintained the illusion that government "survived" off of tax income, (with the help of the bought and paid for Media and Political talking heads monopoly) and as of 2000 only 1/3rd of the gross income when looking at the big picture was tax income.

Now here is the key for comprehension: Government's attitude was; Anything we collect in tax income we are responsible to the public for oversight and disclosure given to the public. Anything we accomplish pertaining to our gross income that is non-tax income, we are only accountable to ourselves and we can invest, spend, and transfer that income as we choose without public oversight and disclosure given. Well, that amount has now blossomed into 2/3rds of the gross income. Publicly promoted budget reports given for public consumption are almost exclusively showing tax income.

The psychology behind maintaining this shell game can be explained with a basic analogy: If you have two neighbors, Steve on the left and Dick on the right.

If Dick every other week knocked on your door to borrow money for this that and the other thing, you would avoid him like the plague, and cringe if you know he is going to or was knocking on your door. You try not to think of him at all.

Now on the other hand if Steve knocked on your door every other week to invite you to fly to Zurich, Munich, Belize, etc., in his personal jet, you are watching him like a hawk, every single move he makes, with patient anticipation of Steve knocking on your door again. You think about him often.
The biggest problem in breaking the veil of illusion with the middle and some of the upper class is ego: "They could not have pulled this off right under my nose, I am an intelligent person and savvy on world social and business affairs."

When these people take the time to independently look for the first time, do the math and then comprehend, then the next phase is depression: "They did it, it is to late now, it is to big, we will never be able to change it.". At that point I tell them to stop their whining, and that they "did it" over the last seventy-five years and that is a snap of the finger time wise. With unified force and comprehensive applied application, it can be corrected in ten to fifteen years, AND as a result all taxation can be phased out and an economy established that will be so prosperous, it will be the definition and start of what is called in biblical terms, the Millennium!...
The "Silence is Golden" routine funneled down from the top maintaining a void of comprehension that was truly golden for them in the conquest / takeover game.

1. Per composite Government, they ALREADY took it all over by investment! In fact many local governments fund their own debt through the back door and promote for repayment by the public at the front door locking in an investment return and ever increasing power base of standing liquid assets.

2. Any "state retirement fund" as are all other local governments retirement funds, they are; "strictly participatory". The employees do not own 1c of those funds they buy a ticket to ride, and the local governments own those funds. These funds are those local government's power base of control, of which they fudge the actuarial projections constantly to inflate the base of those funds. These funds were the primary tool used for government to take it all over by investment.

Government in its own greed and through the use of select off-shore trading accounts has sucked (for a hand to the other hand transfer) a few trillion dollars in total out of many of these funds through derivative market manipulations, to justify a further drain on the people for refunding, and build their investment takeover capital further both seen (domestically managed funds) and unseen (offshore managed funds).

That is why I have said several times over the last five months; "An audit of government's off-shore management funds both directly or indirectly managed is urgently needed to determine the net results of the recent global market manipulations." TRF funds will stabilize government retirement benefits for all government employees with a direct cash deduction payout as needed to those employees and will be done so not even touching a small fraction of the TRF overall fund balances year to year and at the same time pay for the same local government's budgetary expenses. (No taxation needed!)

3. Being that "Government has already taken it all over by investment" the TRF comes in and reverts ownership back to direct benefit to the people through phasing out "all taxation", the biggest organized crime inflicted on the population of this earth, and makes visible the hidden influence peddling for profit accomplished to start war, genocide, or stripping of taxpayer revenue into shill investments held to guarantee a massive profit for the inside players at taxpayer expense and loss, with this being the second biggest crime on earth.
Continued at Source

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Ron Paul: Transperancy of the Fed

In this article Ron Paul advocates a repeal of the legal tender laws to allow competing currencies. He of course is talking about competing currencies fully backed by Gold and Silver, much like the New Hampshire Gold currency bill found at Goldmoneybill.org



On Transparency of the Fed

This week the Federal Reserve responded to the American people’s increased concerns over our monetary policy by presenting new initiatives aimed at enhancing the Fed’s transparency and accountability. As someone who has called for more openness from the Fed for over 30 years, I was pleased to see the Fed acknowledge the legitimacy of this need.

The Federal Reserve controls the flow of money and credit in our economy because Congress has abdicated its responsibility over the nation’s currency. This process therefore occurs centrally, and almost completely outside the system of checks and balances. Because of legal tender laws, people are left with no real choice, except to build their lives and futures around this monopoly currency, vulnerable to powerful central bankers. The Founding Fathers intended only gold and silver to be used as currency, however, inch by inch over the decades, this country has backed away from this important restraint. Our money today has no link whatsoever to gold or silver. For many reasons, this is extremely dangerous, and has a lot to do with the boom and bust cycles that have resulted in the crisis in which we find ourselves today.

The Fed is now pledging to reveal to the public more about its economic predictions, and calls this greater transparency. This is little more than window-dressing, at best, utterly useless at worst. Many analysts, especially those familiar with the Austrian school of economics, saw the current economic crisis coming years ago when the Federal Reserve was still telling the American people their policies were as good as gold. So while it might be nice to know what fantasy-infused outlook the Fed has on the economy, I am much more interested in what they are doing as a result of their faulty, haphazard interpretation of data. For instance, what arrangements do they have with other foreign central banks? What the Fed does on that front could very well affect or undermine foreign policy, or even contribute to starting a war.

We also need to know the source and destination of funds provided through the Fed’s emergency funding facilities. Information such as this will provide a more accurate and complete picture of the true cost of these endless bailouts and spending packages, and could very likely affect the decisions being made in Congress. But with so much of the Fed’s business cloaked in secrecy, these latest initiatives will not even scratch the surface of the Fed’s opaque operations. People are demanding answers and explanations for our economic malaise, and we should settle for nothing less than the whole truth on monetary policy.

The first step is to pass legislation I will soon introduce requiring an audit of the Federal Reserve so we can at least get an accurate picture of what is happening with our money. If this audit reveals what I suspect, and Congress has finally had enough, they can also pass my legislation to abolish the Federal Reserve and put control of the economy’s lifeblood, the currency, back where it Constitutionally belongs. If Congress refuses to do these two things, the very least they could do is repeal legal tender laws and allow people to choose a different currency in which to operate. If the Fed refuses to open its books to an audit, and Congress refuses to demand this, the people should not be subject to the whims of this secretive and incompetent organization.


Silver is your means of preserving your wealth. Monex is the low-cost Silver retailer. Jump on the 500% rise in Silver over the next two years. 800-949-4653 x2172
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