It is more helpful to instruct people HOW to do something rather than to tell them WHAT to do and then leave them hanging.

Tyler Durden’s pictureSubmitted by Tyler Durden on 12/29/2015 10:31 -0500

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

The only way to reverse rising inequality and break the power of the super-wealthy Financial Aristocracy is to stop using their central-bank issued currencies.

Many well-meaning people want to limit the wealth and power of the super-wealthy, i.e. the Financial Aristocracy/Oligarchy. (For more on the modern class structure, please see America’s Nine Classes: The New Class Hierarchy.)

Reformers have suggested everything from a global tax on wealth (Piketty) to publicly owned banks to limiting the pay to play circus of campaign contributions.

None of these will change the power structure or limit the super-wealthy. as I explained last week, If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing. The super-wealthy will either move their capital elsewhere, derail the reforms, or have their political lackeys water the reforms down to the point they are nothing but a politically useful illusion of “change.”

The only way to systemically limit the power and wealth of the Financial Aristocracy is to stop using their money, i.e. central-bank issued state currencies. Central-bank/state issued money is borrowed into existence and made available to financiers and the Financial Aristocracy to buy up productive assets.

Central states borrow some of this money to fund their bread and circuses welfare programs that keep the restive underclasses distracted, insecure and dependent on the state, but none of this actually changes the ownership or capital structure of the economy; it just makes the masses complicit in the status quo.

Though the vast majority of us have little opportunity to use money that isn’t issued by central banks, that’s changing. Bitcoin is the most well-known example of a non-state, non-central bank form of global money, but there are many more in use or in development.

The state/central bank monopoly on issuing and distributing money is (along with war-making and coercion) the state’s most jealously guarded monopoly. The state– which includes the largely invisible Deep State, the central bank (Federal Reserve) and the visible machinery of government–retains the sole right is issue money in whatever sums it chooses and to whom it chooses because the jig is up if the state loses the power to reward its Financial Aristocracy cronies and fund its own programs.

A nation-state in which the populace is free to use a variety of competing currencies is a nation-state in which the state can’t fund itself with newly issued funny-money or distribute new money to the super-wealthy.

In a nation that uses competing global non-state currencies, the state must live off tax revenues and bonds sold in the open market, free of central bank collusion.

In a nation that uses competing global non-state currencies, the state cannot generate inflation by over-issuing money.

In a nation that uses competing global non-state currencies, the central bank loses the power to enrich the super-wealthy.

Isn’t it obvious that whomever controls the digital “printing press” of new money controls everything? Conversely, if this power is stripped away from centralized states and their banks and decentralized (as I outline in my new book A Radically Beneficial World: Automation, Technology and Creating Jobs for All), the essential mechanism of transferring wealth to the super-wealthy and their political lapdogs (Clintons et al.) is broken.

States will naturally suppress competing currencies and outlaw any threat to their monopoly. That bitcoin is not yet illegal in the U.S. is a surprise. What isn’t a surprise is that Goldman Sachs has sought patents on its own crypto-currency: Goldman Sachs wants to create its own version of bitcoin. (via Drew S.)

Those who believe states can never lose control of their currency should consider what happens in hyper-inflation. When states debauch their currencies and push them over the cliff, people abandon the currency in favor of money that holds its value and acts as a means of exchange.

In such a setting, a non-state digital crypto-currency currency is a practical solution. Gold and silver are always money, but they have their own risks and limitations (“my lead will take your gold” etc.). When official money loses its purchasing power, even phone-card minutes can act as money.

As farfetched as it may sound today, I suspect there will be a ruthlessly Darwinian sorting of currencies within the next 10 years. Nations with broken national currencies that adopt non-state competing currencies will outperform nations that cling to centralized enrich-the-already-super-wealthy model of central bank-issued currencies.

The only way to reverse rising inequality and break the power of the super-wealthy Financial Aristocracy is to stop using their central-bank issued national currencies. When the world ceases to use the Financial Aristocracy’s money, their power to accumulate more wealth at the expense of everyone else will disappear.

Everyone who is convinced that the current status quo is permanent and unbreakable should consider what happened to the super-wealthy private landholders of the Western Roman Empire. When the empire’s power to coerce broke down, the super-wealthy vanished into the dustbin of history.

Few believed that possible in 475 AD, but history isn’t a matter of belief. Believing it isn’t possible doesn’t stop history.

http://www.zerohedge.com/news/2015-12-29/if-you-want-limit-power-super-wealthy-stop-using-their-money

I’ve copied your post and sent it on to a friend who boards horses; she knows a few “horse” people.

P.S.  I’ve also sent it to three members of the local saddle club.

My only thought on Northern Dynasty would be that the grade is pretty low. In these days of low gold prices grade counts for a lot. Also they have permitting problems. Not one I’m wild about. JMO

I remember when I owned it years ago, John Embry was doing an interview and in it he termed their ore “dirt.” An exaggeration for sure but what is, is. It pissed me off at the time.

Cheers

Torex Announces Its First Gold Pour

http://finance.yahoo.com/news/torex-announces-first-gold-pour-110000080.html

FREE HORSES!!!! 52 thoroughbred horses need homes. Will go to Sugarcreek this Sat. for slaughter. Gentleman died and his son wants nothing to do with them. Most broodmares are broke and some are in foal weanling, yearlings, 2 yrs. and 3 yrs. old most are gelded. FREE and papered. Friend of the deceased is trying to find homes. 440-463-4288 Barnesville, OH.
Please copy and paste this on your status
I would hate to see all these house put down. PLEASE someone help they are FREE and papered!!!!!!!!

Heres a interesting read on biofilms and treating a host of diseases including Alzheimer’s MS and type 11 diabetes but the target group is Lupus.
Biofilms group together like a community and can communicate with each other or know when others are around. They can work as a group and incase of infectious disease like cholera can signal when there is enough of them to leave the body to infect someone else or expand their population. With that it does make me wonder why they haven’t discovered it before.
In case of Lupus they call it a trigger or cause of a flair up is it a opportunistic case or part of the cause by a infection or exposure to toxin. Stress appears to be a trigger in Lupus for instance.

http://www.neuroscientistnews.com/research-news/research-team-finds-bacterial-biofilms-may-play-role-lupus-ms-other-auto-immune

Soro’s thinks he can create a open society by allowing millions of Muslims ” a closed society” into a ” open society. That’s its ” everyone else’s” responsibility to deal with it. That some how they will miraculously see the light and become peaceful loving hippies. He thinks he can throw in a word like past wars and “obligations” without seeing the “reality “of the consequences or obligations to their own. If he treated his own employess or ran a business the same he would fail. He has no plan, destroying another country in the process two wrongs don’t make a right.  Same time he wouldn’t dare question the cause of all this. He just wants to come on like the savior of a few instead of looking at the good of the majority by preventing the deteiment of the targeted groups in the first place. But that’s how they make their money, by betting on the out come. I guess saying he’s doing a little here and there eases their conscious and makes him look like the good guy while spreading the misery to others  instead of dealing with it where it stands.

Soros is just worried that Trump might wake white European peoples up to his plan of intended destruction of the white race. Soros hates Putin and Trump, what is the common denominator? White Christian peoples. The US is half way there. Russia is resurging.

Soros is a scumbag.

Can’t remember who was talking about NAK a couple of months ago, but the feeling was positive.  It was one of my first miners in summer of 2003.  I’ve watched the ups and downs.  Got a little cash to play with.  Very tempted to add to my shares here at about 30 cents.  Any thoughts?

The game just never ends. Pretty sure they play both sides and it will work until it finally doesn’t. No clue when that will be-if ever.

http://www.cftc.gov/dea/futures/deacmxlf.htm

Good gains in Great Panther – GPL and MUX and AAU

Islamic State Fatwa Authorizes Harvesting Body Parts from ‘Infidels’

http://www.breitbart.com/big-government/2015/12/27/islamic-state-fatwa-authorizes-harvesting-body-parts-infidels/

Maybe someone should tell Soros to stop locking his doors and leave his keys in his car. It’s a act of fear. Better yet send them to his house.

‘Bin out all day, switched on and just new the Scum would be active and sure enough they are.

It’s all so predictable and all so blatant…..that it surely is now counter productive, unless yr leveraged.

Lip stick and Pigs comes to mind.

A Nervous George Soros Lashes Out At Donald Trump: He Wants You To Be Afraid

http://www.zerohedge.com/news/2015-12-28/nervous-george-soros-lashes-out-donald-trump-he-wants-you-be-afraid

James Taylor

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Global warming alarmists and their allies in the liberal media have been caught doctoring the results of a widely cited paper asserting there is a 97-percent scientific consensus regarding human-caused global warming. After taking a closer look at the paper, investigative journalists report the authors’ claims of a 97-pecent consensus relied on the authors misclassifying the papers of some of the world’s most prominent global warming skeptics. At the same time, the authors deliberately presented a meaningless survey question so they could twist the responses to fit their own preconceived global warming alarmism.

Global warming alarmist John Cook, founder of the misleadingly named blog site Skeptical Science, published a paper with several other global warming alarmists claiming they reviewed nearly 12,000 abstracts of studies published in the peer-reviewed climate literature. Cook reported that he and his colleagues found that 97 percent of the papers that expressed a position on human-caused global warming “endorsed the consensus position that humans are causing global warming.”

As is the case with other ‘surveys’ alleging an overwhelming scientific consensus on global warming, the question surveyed had absolutely nothing to do with the issues of contention between global warming alarmists and global warming skeptics. The question Cook and his alarmist colleagues surveyed was simply whether humans have caused some global warming. The question is meaningless regarding the global warming debate because most skeptics as well as most alarmists believe humans have caused some global warming. The issue of contention dividing alarmists and skeptics is whether humans are causing global warming of such negative severity as to constitute a crisis demanding concerted action.

Either through idiocy, ignorance, or both, global warming alarmists and the liberal media have been reporting that the Cook study shows a 97 percent consensus that humans are causing a global warming crisis. However, that was clearly not the question surveyed.

Investigative journalists at Popular Technology looked into precisely which papers were classified within Cook’s asserted 97 percent. The investigative journalists found Cook and his colleagues strikingly classified papers by such prominent, vigorous skeptics as Willie Soon, Craig Idso, Nicola Scafetta, Nir Shaviv, Nils-Axel Morner and Alan Carlin as supporting the 97-percent consensus.

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Cook and his colleagues, for example, classified a peer-reviewed paper by scientist Craig Idso as explicitly supporting the ‘consensus’ position on global warming “without minimizing” the asserted severity of global warming. When Popular Technology asked Idso whether this was an accurate characterization of his paper, Idso responded, “That is not an accurate representation of my paper. The papers examined how the rise in atmospheric CO2 could be inducing a phase advance in the spring portion of the atmosphere’s seasonal CO2 cycle. Other literature had previously claimed a measured advance was due to rising temperatures, but we showed that it was quite likely the rise in atmospheric CO2 itself was responsible for the lion’s share of the change. It would be incorrect to claim that our paper was an endorsement of CO2-induced global warming.”

When Popular Technology asked physicist Nicola Scafetta whether Cook and his colleagues accurately classified one of his peer-reviewed papers as supporting the ‘consensus’ position, Scafetta similarly criticized the Skeptical Science classification.

“Cook et al. (2013) is based on a straw man argument because it does not correctly define the IPCC AGW theory, which is NOT that human emissions have contributed 50%+ of the global warming since 1900 but that almost 90-100% of the observed global warming was induced by human emission,” Scafetta responded. “What my papers say is that the IPCC [United Nations Intergovernmental Panel on Climate Change] view is erroneous because about 40-70% of the global warming observed from 1900 to 2000 was induced by the sun.”

“What it is observed right now is utter dishonesty by the IPCC advocates. … They are gradually engaging into a metamorphosis process to save face. … And in this way they will get the credit that they do not merit, and continue in defaming critics like me that actually demonstrated such a fact since 2005/2006,” Scafetta added.

Astrophysicist Nir Shaviv similarly objected to Cook and colleagues claiming he explicitly supported the ‘consensus’ position about human-induced global warming. Asked if Cook and colleagues accurately represented his paper, Shaviv responded, “Nope… it is not an accurate representation. The paper shows that if cosmic rays are included in empirical climate sensitivity analyses, then one finds that different time scales consistently give a low climate sensitivity. i.e., it supports the idea that cosmic rays affect the climate and that climate sensitivity is low. This means that part of the 20th century [warming] should be attributed to the increased solar activity and that 21st century warming under a business as usual scenario should be low (about 1°C).”

“I couldn’t write these things more explicitly in the paper because of the refereeing, however, you don’t have to be a genius to reach these conclusions from the paper,” Shaviv added.

To manufacture their misleading asserted consensus, Cook and his colleagues also misclassified various papers as taking “no position” on human-caused global warming. When Cook and his colleagues determined a paper took no position on the issue, they simply pretended, for the purpose of their 97-percent claim, that the paper did not exist.

Morner, a sea level scientist, told Popular Technology that Cook classifying one of his papers as “no position” was “Certainly not correct and certainly misleading. The paper is strongly against AGW [anthropogenic global warming], and documents its absence in the sea level observational facts. Also, it invalidates the mode of sea level handling by the IPCC.”

Soon, an astrophysicist, similarly objected to Cook classifying his paper as “no position.”

“I am sure that this rating of no position on AGW by CO2 is nowhere accurate nor correct,” said Soon.

“I hope my scientific views and conclusions are clear to anyone that will spend time reading our papers. Cook et al. (2013) is not the study to read if you want to find out about what we say and conclude in our own scientific works,” Soon emphasized.

Viewing the Cook paper in the best possible light, Cook and colleagues can perhaps claim a small amount of wiggle room in their classifications because the explicit wording of the question they analyzed is simply whether humans have caused some global warming. By restricting the question to such a minimalist, largely irrelevant question in the global warming debate and then demanding an explicit, unsolicited refutation of the assertion in order to classify a paper as a ‘consensus’ contrarian, Cook and colleagues misleadingly induce people to believe 97 percent of publishing scientists believe in a global warming crisis when that is simply not the case.

Misleading the public about consensus opinion regarding global warming, of course, is precisely what the Cook paper sought to accomplish. This is a tried and true ruse perfected by global warming alarmists. Global warming alarmists use their own biased, subjective judgment to misclassify published papers according to criteria that is largely irrelevant to the central issues in the global warming debate. Then, by carefully parsing the language of their survey questions and their published results, the alarmists encourage the media and fellow global warming alarmists to cite these biased, subjective, totally irrelevant surveys as conclusive evidence for the lie that nearly all scientists believe humans are creating a global warming crisis.

These biased, misleading, and totally irrelevant “surveys” form the best “evidence” global warming alarmists can muster in the global warming debate. And this truly shows how embarrassingly feeble their alarmist theory really is.

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, all of them imaginary.

H. L. Mencken

Well, you certainly have had lots of practice at it even though I seldom rise to your bait…….however I think it’s time to promote you since you work so hard at it……so I now dub you …. “MasterBaiter”  of the Oasis. Hope you continue to enjoy your work……and all the best from Silverngold.

This Is What Gold Does In A Currency Crisis, Canadian Edition

Submitted by Tyler Durden on 12/27/2015 – 21:10

Along with the currencies of most other commodity-exporting countries, the Canadian dollar has been in near-freefall lately. Gold, meanwhile, has been sucked down with the rest of the commodities complex, falling hard since 2013. But only in US dollars. For Canadians, with their weak domestic currency, gold has been behaving just fine. It’s up 17% in C$ terms over the past two years and looks ready to rally from here. Protection from currency trouble is why people own it, and why in the vast majority of places it’s owners are very happy.

Taking all offers at $1.12. Wonder if it’s McEwen?

AAU and MUX have performed relatively well the last several weeks – relative to all the other pm shares anyway.

Kind thought we were done with this. Definitely not because of a strong USD

That’s what I get for thinking!

Belvedere Mining Oy Initiates Voluntary Bankruptcy Proceedings

http://finance.yahoo.com/news/belvedere-mining-oy-initiates-voluntary-194600520.html

MAG Silver Files Preliminary Base Shelf Prospectus

http://finance.yahoo.com/news/mag-silver-files-preliminary-shelf-232933453.html

Russia’s Mechel, Polyus, Alrosa may get $444 mln from state budget – Interfax

http://finance.yahoo.com/news/russias-mechel-polyus-alrosa-may-061023941.html

Northern Dynasty Completes Acquisition of Mission Gold

http://finance.yahoo.com/news/northern-dynasty-completes-acquisition-mission-120000176.html