Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
Coinbase vs Binance for Bitcoin, Ethereum Crypto Trading & Investing During Bear Market 2021 - 11th Jun 21
Gold Price $4000 – Insurance, A Hedge, An Investment - 11th Jun 21
What Drives Gold Prices? (Don't Say "the Fed!") - 11th Jun 21
Why You Need to Buy and Hold Gold Now - 11th Jun 21
Big Pharma Is Back! Biotech Skyrockets On Biogen’s New Alzheimer Drug Approval - 11th Jun 21
Top 5 AI Tech Stocks Trend Analysis, Buying Levels, Ratings and Valuations - 10th Jun 21
Gold’s Inflation Utility - 10th Jun 21
The Fuel Of The Future That’s 9 Times More Efficient Than Lithium - 10th Jun 21
Challenges facing the law industry in 2021 - 10th Jun 21
SELL USDT Tether Before Ponzi Scheme Implodes Triggering 90% Bitcoin CRASH in Cryptos Lehman Bros - 9th Jun 21
Stock Market Sentiment Speaks: Prepare For Volatility - 9th Jun 21
Gold Mining Stocks: Which Door Will Investors Choose? - 9th Jun 21
Fed ‘Taper’ Talk Is Back: Will a Tantrum Follow? - 9th Jun 21
Scientists Discover New Renewable Fuel 3 Times More Powerful Than Gasoline - 9th Jun 21
How do I Choose an Online Trading Broker? - 9th Jun 21
Fed’s Tools are Broken - 8th Jun 21
Stock Market Approaching an Intermediate peak! - 8th Jun 21
Could This Household Chemical Become The Superfuel Of The Future? - 8th Jun 21
The Return of Inflation. Can Gold Withstand the Dark Side? - 7th Jun 21
Why "Trouble is Brewing" for the U.S. Housing Market - 7th Jun 21
Stock Market Volatility Crash Course (VIX vs VVIX) – Learn How to Profit From Volatility - 7th Jun 21
Computer Vision Is Like Investing in the Internet in the ‘90s - 7th Jun 21
MAPLINS - Sheffield Down Memory Lane, Before the Shop Closed its Doors for the Last Time - 7th Jun 21
Wire Brush vs Block Paving Driveway Weeds - How Much Work, Nest Way to Kill Weeds? - 7th Jun 21
When Markets Get Scared and Reverse - 7th Jun 21
Is A New Superfuel About To Take Over Energy Markets? - 7th Jun 21
Why Tether USDT, Stable Scam Coins Could COLLAPSE the Crypto Markets - Black Swan 2021 - 6th Jun 21
Stock Market: 4 Tips for Investing in Gold - 6th Jun 21
Apple (AAPL) Summer Correction Stock Trend Analysis - 5th Jun 21
Stock Market Sentiment Speaks: I 'Believe' We Rally Into A June Swoon - 5th Jun 21
Stock Market Russell 2000 After Reaching A Trend Channel High Flags Out - 5th Jun 21
Money Is Cheap, Own Gold - 5th Jun 21
Bitcoin and Ravencoin Cryptos CRASH Bear Market Buying Levels Price Targets - 4th Jun 21
Scan Computers - How to Test New Systems CPU, GPU and Hard Drive Stability With Free Software - 4th Jun 21
Hedge Funds Getting Bullish on Gold - 4th Jun 21
THERE ARE NO SOLUTIONS When the Media is the VIRUS - 4th Jun 21
Investors Who Blindly Trust the ‘Experts’ Will Get Left Behind - 4th Jun 21
US Stock Market Indexes Consolidate Into Flagging Pattern – Watch For Aggressive Trending Soon - 4th Jun 21
Microsoft (MSFT) Stock Trend Analysis - 3rd Jun 21
No More Market Bloodbath – Beyond Cryptos - 3rd Jun 21
Bank run, or run from the banks? - 3rd Jun 21
This Chart Shows When Gold Stocks Will Explode - 3rd Jun 21
The Meaning Behind Gold’s Triple Top - 2nd Jun 21
Stock Market Breakout Or Breakdown – What Does The Next Big Trend Look Like? - 2nd Jun 21
Biden’s Alternate Inflation Universe - 2nd Jun 21
What You Should Know Before Buying Car Insurance - 2nd Jun 21
Amazon (AMZN) Stock Summer Prime Day Discount Sale - 1st Jun 21
Gold Investor's Survival Guide - 1st Jun 21
Silver and Copper to Benefit from Global Electrification Push - 1st Jun 21
Will Gold Shine Under Bidenomics? - 1st Jun 21
Stock Market Buy the Dip, Again?! - 1st Jun 21
Stock Market Consolidation Ahead - 1st Jun 21
Stock Market Summer Correction Review, Crypto CRASH, Bitcoin Bear Market Initial Targets - 31st May 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Gold And Silver ARE The Only Money [Hardly] In Existence

Commodities / Gold and Silver 2016 May 07, 2016 - 07:03 PM GMT

By: Michael_Noonan

Commodities

Gold and silver ARE money. Neither is a "currency," although money is often cited as interchangeable with currency. Take the Federal Reserve Note, [please!], as an example. A Federal Reserve Note [FRN], is more commonly known as a "dollar." Even though the word "dollar" appears on every FRN, each and every FRN is a debt instrument issued by the Federal Reserve and not a true dollar. The Federal Reserve is a privately held corporation, owned mostly by certain european bankers, and may include the Rockefellers, from the US.

"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." - Napoleon Bonaparte, Emperor of France, 1815


Napoleon knew of what he spoke. You would think, over 200 years later, people would be all the wiser. Alas, the opposite is true. When it comes to money, people know next to nothing. A Federal Reserve Note is not federal. There are no reserves, and a FRN is not a note. There is no promise to pay anything to anyone at any time, all requirements of a note.

Then, why are FRNs called "dollars?"

Last week, we called the Rothschild and his moneychangers takeover of the US the greatest Ponzi scheme of all time. [See A Clarion Alarm Call For All Paper Assets, opening paragraph]. We went on to explain the bankruptcy of the US and how gold and silver are money. FRNs were an integral part of the globalist's Ponzi scheme. Originally, FRNs were backed by gold and silver as they circulated alongside US-issued Treasury Notes, all backed by gold and silver.

The purpose of initially specie-backed FRNs was to get people to be familiar with and accept them as equal to issued US Treasury Notes. The 1933 declared bank holiday was to shut down the entire US banking system and replace it with full control by the foreign- owned Federal Reserve. All issued US Treasury Notes were slowly removed from circulation and destroyed, leaving only FRNs available. By now, the public were used to FRNs as good as Treasury Notes and were not alarmed by the bait-and-switch.

Next, gold backing was removed from all FRNs, then silver. There was no longer any gold or silver backing behind the now fiat FRNs, and the public, even the world, paid no attention. There you have the short version of why FRNs are not dollars and never were! Then, what are FRNs? As stated in the first paragraph, FRNs are debt instruments issued by the Federal Reserve to keep a bankrupt nation drowning in debt.

"Government is not reason, it is not eloquence — it is force. Like fire it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." Ostensibly attributed to George Washington, it is apocryphal but apt.

By irresponsibly allowing the Federal Reserve Act of 1913 to pass, those in government were soon turned into well-paid puppets. While still leaders of government, they no longer had any control, just as Napoleon Bonaparte forewarned back in 1815.

What has been and always will be money are gold and silver. They cannot be printed at will, like all fiat currencies that exist throughout the world, today. It took the globalists over 150 years to gain full control and deplete all of the US assets to get where they are, today. On top of the theft, the People, more [un]commonly known as 14th Amendment citizens, fully subject to Congressional control that has granted all citizens privileges, not Rights, have thereby literally become serfs, in effect.

So successful has been this Ponzi scheme, people still have no clue what has taken place.

No one should take our word for all of this, and we encourage all to do their own due diligence before coming to the same conclusion[s].

We headlined gold and silver ARE money [hardly in existence] because neither circulate as money. The globalists began shutting that game down back in 1933, and then for good when Nixon closed the gold window on 15 August 1971.

FRNs are called "dollars" by force of the globalists, and when it comes to protecting their monopoly on issuing fiat paper debt instruments, nobody gets in their way. Lincoln was assassinated after he wanted US money to circulate without interest owning on them. The Rothschild moneychangers were not about to let anyone mess with their fiat franchise for which they collected interest on the no-cost-to-issue fiat FRNs. Kennedy also wanted to issue silver-backed dollars, again, another Rothschild no-no that cost Kennedy his life.

When people own gold and silver, they have wealth. They have true money. They have no need to rely upon government. They have financial independence, and the elites will not allow that, to the extent that they can. That is why all gold was recalled by Roosevelt in 1933, to get people weaned on government-issued [worthless] paper. It worked, and very few people in the US today have even touched a gold coin, let alone own any.

Each of us has a choice. Be a government serf and trade in fiat, soon to be only digitized blips in one's bank account, or buy and literally hold [by physical possession] gold and silver, either or both. The globalists are making it as difficult as possible to have or own gold and silver, and mostly for the reasons given here. That should be sufficient reason to obtain as much as one can in order to survive the worsening financial situations yet to come, not only in this country, but world-wide.

The globalists are out to destroy the middle class, and have pretty much succeeded, but they will not relent until they have their boots on the faces of as many humans as possible, all in the service of their sick, egotistical New World Order, sponsored by the United Nations, the International Monetary Fund, and their total control of all currency, save gold and silver.

Buy it. Own it. Hold it, and literally, keep it to yourself. Those without it will resent those with it. There has always been, and there always will be, a market for gold and silver. Fiat paper always disappears, and with it the ability for one to remain financially viable.

Since the rally off the Nov/Dec lows, gold has met its first encounter with resistance at the 1300+ area. The strong breakout of two weeks ago was followed by a lesser performance, but on strong volume, last week. This can be expected in any market when a resistance area is first approached.

It will be a normal, even healthy development for price to react a little or trade just under the 1300 area in preparation for a move higher.

Weekly Gold Chart

Last week's activity was more of a stall variety, but it has a considerable TR lying underneath that goes back to February, and this should offer strong support. Any pullback is viewed as a buy opportunity.

Daily Gold Chart

Silver's rally did not reach its 18.60 area resistance level, but the overall structure remains strong. Support should prove solid between 16 and 17 as this market appears poised to move much higher. 21.50 - 22 are the next obvious resistance levels. If price gets well above 19, then the 18.60 resistance will than act as support.

Weekly Silver Chart

Silver labored once above 17, and it is laboring again above 17.25-17.50. The rally from April has been impressive, and a consolidation to prepare for higher prices is normal.

Daily Silver Chart

By Michael Noonan

http://edgetraderplus.com

Michael Noonan, mn@edgetraderplus.com, is a Chicago-based trader with over 30 years in the business. His sole approach to analysis is derived from developing market pattern behavior, found in the form of Price, Volume, and Time, and it is generated from the best source possible, the market itself.

© 2016 Copyright Michael Noonan - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Michael Noonan Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in