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Return to the Yellow Brick Road?

12/30/2013

 
What would a return to gold backed currencies mean for the price of gold and the value of money?

There are two ways of backing currency with gold. One is to increase the price of gold so that it "covers" all the money in the world.
The other is to set the price of gold and adjust the money supply to fit the stockpile of gold.

A short post can't get into all the ramifications, but we can get an idea of the magnitude of the changes required.

The first challenge is finding out how much gold there is in the world. Because of mining and usage, this number is always changing. The number I'm using comes from Wikipedia showing 174,100 metric tons. This translates into about 5.6 billion troy ounces.

Not all that gold is available for use as money. I get varying answers from half to two-thirds being available. This give a range of 2.8 to 3.7 billion troy ounces available to use as money.

The most recent number for all the money in the world is a 2012 estimate from the CIA World Factbook, expressed in US Dollars, totaling $81.7 trillion.

Taking the $81.7 trillion and dividing by 3.7 and 2.8 billion troy ounces gives us a range from $22,081 to $29,179 per ounce.


Gold is currently about $1,200 per ounce, so these prices are about 18-24 times current pricing.

The other way of returning to gold backed currency is to set a fixed price per ounce. Before FDR confiscated gold from Americans, the price was set at $20.67 per ounce.

If we take our 2.8 to 3.7 billion ounce supply and multiply by $20.67 per ounce, we get a money supply ranging from $57.9 to $76.5 billion dollars. We then divide by the current money supply of $81.7 trillion to get our exchange rate.

Taking a $100 Federal Reserve Note from today and "exchanging" it for the gold backed dollar of 1933 will net you between 7 and 9 cents.


No matter which method you choose, adjusting prices to match would result in a severe shock to the economy.

Wasn't it fun pretending we were rich by creating money out of thin air?

Resources for USA Prepares - December 30th & 31st

12/29/2013

 
Financial:
Think You Own an Ounce?
Is Our Real GDP "Growth" a -4%?
What's UPS?
Buy American?
2013 - Interest Rates Double
Stock Market Madness
How to Get Rid of a $24 Trillion Problem
The $4 Trillion B.S.
Notice Any Difference?
Real Estate Roaring Back - Applications Down 66%

Employment:
Two Fastest Growing Jobs For Next Decade Pay $20k
It's All Better Now

Spy Tech:
Sobriety Checkpoint DNA Collection
Proud in Their Ignorance
Smartphone Pee Power
Facebook Broken?
Data Brokers - You're Worth 7.9 Cents
Metadata Very Revealing
Robocop - Unarmed Version
Tor to the Rescue?

Control:
How Fast Can You Be Cut Off?
Your Assets Are Guilty
Vend-o-cal
Get Real - or Else
Smart Grid Raises Prices - By Design
Job Exported to.... Robots
Get Your Rough Service Light Bulbs

Fukushima:
Radiation Dose Chart
Reagan Sailors (Navy Times)
Reagan Sailors - Should've Been Top Topic on News and in Congress
You Are What You Eat
R3 - More Steam
1 Million New Cancers - Just in Japan
Sardine Crash

Health:
Drug Causing Vitamin Deficiencies
... And It's Worse Than That
Vaccinate to Induce Cancer

Bigger Picture:
Community Prep
Permaculture Design Course
Interesting Map
EMP War
The Global Resource Chain

Government Smarts?
Why Obama Couldn't Sign Up for Obamacare
At Least Target HAD to Notify You
Don't Disturb the Elves

Virtual Wallet & Internet of Things Videos

12/26/2013

 

ISIS Virtual Wallet

Internet of Things

Resources for USA Prepares - December 23rd & 27th

12/22/2013

 
Financial:
(23) Happy 100th
(23) $55 Trillion Oops
(23) Negative Deficit Decrease
US Bond History
1% Increase = $200 Billion Loss
Retail Panic in UK
Real Inflation

Spy Tech:
(23) Phone
Spying on Computer
(23) CFPB Knows Your Purchases
(23) Decided Not to Post? Facebook Knows Anyway
You're For Sale Already
Fast File Transfer
Smart Bra
Google Knows
Sold Out
Everyone Has Their Price
BT Too
Googlebots
Don't Use Tor to Get Out of Finals

Control:
Medicare Doomsday Prep
- Rule PDF
Amazon Taketh Away
Water Wars - And You're the Enemy
Vaccine for Your Thoughts
Your Money?
Get the Lead Out
Medicaid is Your Heir
Password Past Time
55 Character Passwords Unsafe
File Sharing Blocker

Fukushima:
(23) 10x All Nuclear Tests Combined

Health:
Enjoy Your FDA Approved Dioxin
D3K2
Anti-Fluoride Progress

Bigger Picture:
Nutella Supply Chain
Seeing Clearly
The First Marx?
Got Skills?
Lord Obama

Bitcoin:
(23) Why Not
(23) Bitcoin Tax

Resources for USA Prepares - December 16th

12/16/2013

 
So much news, so little time...

Financial:

Budget "Savings"
Broken Promises
Global Currency Reset

71% Income Tax
Italy Bail-in
Can't Afford a Home... or Rent
Oz Want's Its Gold

Employment:
72% Unemployment
Trends
Jobs... for China
Outsourced Telemarketing - to Robots
We Only Abolished Involuntary Servitude
Jobs Report Fraud

Spy Tech:
Eye in the Sky
Biometric Cybersurveillance
Dummy Spy
Facebook Learns All
Cellphone Hack
Cryptolocker
Googlebot
NSA Relates
Face It
M2M
Wi-Vi
Google - The Next NSA?
Co-Traveler
We Know What You Are Thinking
GNSS

Fukushima:
Glowing Snow
Chernobyl x 3
Bye Bye Butterfly
Where have all the acorns gone?
OR Organic Tomatoes
Plutonium in NM
Plutonium in Pacific
More Plutonium
For US

Bigger Picture:
3,000 Year Old Aircraft From WW II
Happy Belated Birthday to Jesus
DNA Code
The Big Collapse
Holographs-R-Us
GRAPHIC - Hope You Enjoyed That Pizza
Snow in Summer
Grace Hopper

Control:
For Your "Health"
Cashless - Threat to Freedom
PayPal: Cash Obsolete in 3 Years
Reading Genes Like Computer Code
Bye Bye 40 and 60
End of Car Chases?
Kill the Password

3,000 Year Old Aircraft from WW II

12/15/2013

 
Unspinning the spin applies to other areas besides finance.

Keep in mind that science tells us that ice cores agree with radiological dating. I'd say those readings are suspect too.

I have no financial interest in or benefit from
the books and DVDs sold by Jonathan Gray, but I do own most of them.

Enjoy the article!

"Your Captain"


ARCHAEOLOGY NEWSFLASH NO. 382a

John, this news is from Jonathan Gray -
www.beforeus.com   You authorized this mailing when
you requested your free report on our web-site or a
friend enrolled you. See below for removal directions.


       
I’m still in shock! Are these aircraft found buried
in ice, more than 3,000 years old – or what?

This news comes from the man who had the experience,
Dr Kent Hovind. I think you’ll enjoy it.

THE FROZEN AIRCRAFT SHOCK
       
“You’re kidding!” laughed the lab worker. “Only 4,400
years ago!”

“Yes,” quipped Kent. “The surface of this whole planet
was remodelled by the Flood only 4,400 years ago.”

“No way! In case you don’t know, Dr. Hovind, I work at
the Denver National Ice Core Laboratory here in
Colorado. And we’ve been taking cores of ice from
Greenland and Antarctica. It’s dry… very cold… the
glaciers are MILES THICK… but their annual growth
rings are very THIN.”

He paused to observe Kent’s reaction. Then he thrust
home. “We’ve measured the ice… and I tell you, man,
it’s 135,000 years old! Your 4,000 years is a joke.”

“I’d like to see your lab,” said Kent, calmly.

The next day my friend Kent met the worker at the lab.

The employee ushered him into the giant freezer which
stored the long cores from ice drilling.

“See this core from Greenland?” said the worker. “We
drilled down and brought it up from 10,000 feet. See
the rings? This core takes us back 135,000 years.
You’ll notice the rings along its length… dark –
light – dark – light.

“Well, these represent annual rings, because in summer
the top layer of snow melts and then re-freezes as
clear ice, which shows up dark here. In winter, the
snow doesn’t get a chance to melt, so it packs – and
shows up as a white layer. These layers of dark –
light – dark – light, indicate 135,000 summers and
winters.”

Hovind looked him in the eye. “Aren’t you assuming
those are annual rings?”

Let’s step back a few years… to the famous lost
squadron.

THE LOST SQUADRON

In 1942, during World War II, some war planes landed
in Greenland. When the war ended, those planes were
left there and forgotten.

In 1990, an aircraft enthusiast came up with the
bright idea to find them and fly them off again.

He organised a group and they went searching. As it
turned out, they had to use radar, because the planes
were under the ice… in fact, so deep under the ice,
the men had a hard job finding them. Do you know,
that lost squadron had got covered by 263 feet of
ice in 48 years!

Let’s do some arithmetic. 
* 263 feet divided by 48 years… that’s an ice growth
of about 5.5 feet per year.
* Now divide 10,000 feet by 5.5. And you get 1,824
years for ALL of the ice to build up.

We should allow longer for the fact that the deeper
ice is pressed into finer layers.

Note: those planes did not sink into the ice, due to
pressure on the ice. The ice had grown OVER them.

ARE THESE ANCIENT AIRCRAFT IN ICE?

Okay, would you do some maths? Can Would you work
this out, John?

The Denver National Ice Core Laboratory said that
10,000 feet of ice had to be 135,000 years old! So
the 263 feet deep of “Lost Squadron” ice - how old
should that be? That’s right… 3,419 years old.

Does that mean those aircraft are 3,419 years old?
What do you think?

HERE COMES THE SEQUEL

In April, 1999, Kent visited Bob Cardin at his
museum in Middleboro, Kentucky.  Cardin had dug
out and was restoring the P-38.

You may be wondering, how did they get that plane
out? Ingenious. They had melted a hole down to the
airplane, broken it apart and brought up the pieces
through the hole.

“When you dug it out,” asked Kent, “did you see
any layers of ice… dark – light – dark –

“Yeah, I did, as a matter of fact.”

“How many layers of ice were there?”

“Many hundreds of them.”

HUNDREDS OF RINGS IN 48 YEARS?

“How could there be many hundreds of annual rings
in only 48 years?”

“THOSE ARE NOT ANNUAL RINGS. That’s not summer
and winter,” replied Cardin.  “ It’s warm – cold
– warm – cold – warm –cold. You can get ten of
those in one day.”

And that’s a fact!

Yet, the scientific elite was still calling them
annual rings in 1998. (See Scientific American,
February 1998, p.82).
 
Somebody’s either ignorant… or lying.

I’m worried. The textbooks you read today are
textbooks not only about science, but about
evolution. They’re trying to sneak evolution
in with the science.

Sneaking beer ads in with football matches
doesn’t mean beer is football. Sneaking evolution
in with the science, doesn’t make it science.

Are you keen to know more about this? Here’s a
place to go:
http://www.beforeus.com/third.php

Hey, it’s great to have the opportunity to speak
with you, John. Thanks for being on my
email list.

Warm regards
Jonathan Gray
info@archaeologyanswers.com

      
DO YOU HAVE ANY QUESTIONS?
              
Please email me your questions. I am here to help you
with any questions on ancient mysteries. Just email
me at info@archaeologyanswers.com
       
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International explorer, archaeologist and author
Jonathan Gray has traveled the world to gather data on
ancient mysteries. He has penetrated some largely
unexplored areas, including parts of the Amazon
headwaters. The author has also led expeditions to
the bottom of the sea and to remote mountain and desert
regions of the world. He lectures internationally.
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Resources for USA Prepares - December 9th

12/8/2013

 
Financial:
Gas Down
Survey Says
Deja Vu
Up is Down
Really Nominal
Negative Interest
"No" Inflation
Slave for Life

Employment:

Rising Employment - For Drones
Nov Job Increases
Vanishing Labor Force
Waiters-R-Us

Spy Tech:
Candid Camera
Nothing Beyond Our Reach
Tag

Control:
What Constitution?
Ministry of Truth
Bike Tax
I Swear to Overthrow the Constitution
Kill Switch

Resources:

Water, Water Everywhere?
The Floppy Lives!
Sow What?

Health:
Cheers!
$1.50 a Day
No Vitamin D Benefit?

USA Prepares December 2nd - Journey through the John

12/2/2013

 


See the Future:
Frontier House (Ep 1)
-PBS

For Discussion:
POW Camp

1st Computer
2nd Computer
-Terrorist Tech
3rd Computer
-1985 Heathkit Catalog

Scott AFB
-Lajes Azores
Ramstein AB Germany
-Rib House
- Frankfurt Airport
The Pentagon
-Site-R









    Author

    John R. Ragan, Captain, USAFR (Ret), MBA, MS - your guide on our journey through The Financial State of the Union

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