by Simon Black
Senior Editor, SovereignMan.com
I’m here today with about 100 special guests who have flown in to Singapore from all corners of the world for an intensive 2-day offshore tactics workshop.
Singapore is a great place to hold such an event as it’s easily one of the most financially stable jurisdictions on the planet.
Think about it– the government here has ZERO net debt. They run generous ...READ MORE »
by Simon Black
I introduced Karatbars to my subscribers and listed this in the WBC private members site about 5 years ago and told you to pay attention as it would grow into a major supplier of ‘gold money’ and recent developments indicate it is going to be ramping this up worldwide.
Those of you who joined this over the last 5 years, when I first announced the launch, need to revisit this and consider becoming more active.
Like me, you may be buying gold and silver every month through services like Silver Saver. I use them too. It is another way to keep in a regular buying schedule and I can buy gold and silver there and do on a monthly and sometimes weekly basis.
The interesting part about Karatbars is that they have a simple plan that helps you and others save MORE gold by helping others create a solid savings plan by converting their steadily devaluing funny fiat money into real money.
Their 12 week plan, in theory would produce for you all your gold purchases for free within weeks and $4500 a week, paid onto a card backed by GOLD. You cannot beat that for a way to catch up on your gold buying as I know many of you have not even gotten started.
Taking the Silver Saver route or other routes are fine if you just look at the price.
However, by adding in Karatbars, there is the very real potential, IF you follow their very simple plan, to play catch up on your gold plan that you probably have been putting off as ‘low priority’.
What about pricing?
I don’t think much about the price honestly. I think about the end result and do whatever is easiest to accumulate more gold with less effort. I buy, buy, buy, no matter what the price. I buy through Silver Saver and am kicking up my purchasing again through Karatbars.
I do not however do this as an ‘investment’.
It is like buying an insurance policy. You don’t buy insurance one month and not the next.
Same with gold and silver.
What is gold insuring me against?
Well, how about the possibility of a complete global financial reset?
On October 22, 1981, US government had accumulated an astounding $1 TRILLION in debt.
It had taken the country 74,984 days (more than 205 years) to accumulate this first trillion in debt, most of it created AFTER the fraudulent creation of the Federal Reserve (a PRIVATE for profit banking cartel).
After 1981, it would take less than five years to accumulate a second trillion.
As of this last Friday afternoon, the US government just hit $18 trillion in debt, unpayable debt.
This took a mere 403 days to accumulate the most recent trillion in debt.
Is there anyone wondering what next year will be bring or does everyone in the world have their heads up where the sun don’t shine??
So, that is why I keep saying that PART of your asset protection, and income, strategy needs to include gold and silver (with prices now being suppressed at a heavy cost to the Plunge Protection Team that props up the dollar). Once the lid comes of there is no telling where gold and silver will go.
This is also why I am a Bitcoin advocate as well.
So, for all of you who are members of Karatbars, get yourself re-acquainted with the new plan and new Karatbars.
I think you will find it quite a bit simpler to grasp than what was presented 5 years ago.
If this is all new to you feel free to register at http://www.karatbars.com/?s=78359
The NEW Plan:
12 Week Strategy: http://youtu.be/XFIbfZhbHgY — best video I’ve seen on this.
Momentum & Velocity: http://youtu.be/CtZfOfEqxwc
Karatbars is certainly a company on the move and recently I have seen people all over the net pushing this hard and I am sure you have been hearing about it too.
It is a good time to re-visit this company and consider whether it is a fit for you and your needs.
Contact me for assistance anytime! I am here to help…
Here is an image of the brand new Karatbars Gold Coin……*Note that it contains 1 gram of 999.9 pure Gold…Wow!
Soon, I will be showing you how to completely rid yourself of bad debt and create a snowball of income without scrimping or adding a penny of expenses to your monthly budget.
Everyone reading can have your mortgages paid off, all student loans paid, car loans paid off, EVERYTHING paid off, and a SOLID consistent income coming in to…well…buy more Bitcoin, Gold, and Silver…while you are picking up cash flowing real estate and agricultural land.
One step at a time.
December 2, 2014
On October 22, 1981, the government of the United States of America accumulated an astounding $1 TRILLION in debt.
At that point, it had taken the country 74,984 days (more than 205 years) to accumulate its first trillion in debt.
It would take less than five years to accumulate its second trillion.
And as the US government just hit $18 trillion in debt on Friday afternoon, it has taken a measly 403 days to accumulate its most recent trillion.
There’s so much misinformation and propaganda about this; let’s examine some of the biggest lies out there about the US debt:
1) “They can get it under control.”
What a massive lie. Politicians have been saying for decades that they’re going to cut spending and get the debt under control.
FACT: The last time the US debt actually decreased from one fiscal year to the next was back in 1957 during the EISENHOWER administration.
FACT: For the last several years, the US government has been spending roughly 90% of its ENTIRE tax revenue just to pay for mandatory entitlement programs and interest on the debt.
This leaves almost nothing for practically everything else we think of as government.
2) “The debt doesn’t matter because we owe it to ourselves.”
This is probably the biggest lie of all. Two of the Social Security trust funds alone (OASI and DI) own $2.72 trillion of US debt.
The federal government owes this money to current and future beneficiaries of those trust funds, i.e. EVERY SINGLE US CITIZEN ALIVE.
I fail to see the silver lining here. How is it somehow ‘better’ if the government defaults on its citizens as opposed to, say, banks?
3) “They can always ‘selectively default’ on the debt”
Another lie. People think that the US government can pick and choose who it pays.
They could make a bing stink about China, for example, and then choose to default on the $2 trillion in debt that’s owed to the Chinese.
Nice try. But this would rock global financial markets and destroy whatever tiny shred of credibility the US still has.
Others have suggested that the government could selectively default on the Federal Reserve (which owns $2.46 trillion of US debt).
Again, possible. But given that the Fed (the issuer of the US dollar) would become immediately insolvent, the resulting currency crisis would be completely disastrous.
4) “It’s the NET debt that’s important”
Analysts often pay attention to a country’s “net debt” instead of its gross debt. If you have a million bucks in debt, and a million bucks in cash, then your ‘net debt’ is zero. It washes out.
Problem is, the US government doesn’t have any cash. The Treasury Department opened its business day on Friday morning with just $71.9 billion in cash, or just 0.39% of its total debt level.
Apple has more money than that.
5) “They can fix it by raising taxes”
No they can’t. Just look at the numbers. Since the end of World War II, US government tax revenue has consistently been roughly 17% of GDP.
They can raise tax rates, but it doesn’t move the needle in terms of revenue as a percentage of GDP.
In other words, the government’s ‘slice of the pie’ is pretty consistent.
You’d think with this obvious data that, rather than try to increase tax rates (ineffective), they’d do everything they can to help make a bigger pie.
Or better yet, just leave everyone the hell alone so we’re free to bake as much as we can.
But no. They have to regulate every aspect of people’s existence: How you are allowed to educate your children. What you can/cannot put in your body. How much interest you are entitled to receive on your savings.
All of this costs time, money, and efficiency. So do never-ending wars. The bombs. The drones. The airstrikes.
This isn’t about any single person or President. The problem is with the system itself.
History shows that every leading superpower from the past almost invariably fell to the same fate.
Great powers often feel that their wealth and success entitles them to spend recklessly and wage endless, arrogant wars. The Romans. The Ottoman Empire. The British.
History may not repeat but it certainly rhymes. And the lesson here is very clear: debt weakens a nation. It weakens a society.
Generations that will not even be born for decades will inherit these debts by complete accident of birth.
And the people in charge of the system have backed themselves into a corner where there is no way out other than to default– either on their creditors (creating a global financial crisis), the central bank (creating a currency crisis), or on the citizens themselves (creating an epic social crisis).
Bottom line: this is not a consequence-free environment. And while you can’t fix the debt problem, you can certainly reduce your own exposure to what happens next.
September 11, 2014
Governments and mainstream media outlets have a great way of presenting sensational threats and evil villains.
They want us to be terrified of men in caves, roving bands of barbarians, and deadly viruses that turn our insides out.
Last night, for example, President Obama told the world that ISIL poses the most significant threat to global security.
(Ironically al-Qaida no longer seems to be a threat, and ISIL, which no one had heard of until a few months ago, is now public enemy #1. It just goes to show how shallow and reactionary the security theater is…)
But here’s the truth:
If you live in the Land of the Free, you’re far more likely to get ‘accidentally’ shot by a police officer than blown up by a terrorist.
You’re also far more likely to lose the preponderance of your life’s savings due to a currency crisis than you are to be infected with the Ebola virus.
Words are hollow. Look at reality.
Mr. Obama said last night that America stands for Freedom. Justice. Dignity.
It sounds great. But this comes from a President that has presided over illegal spying of American citizens, allies, and even sitting politicians in Congress.
They assassinate people by remote control drones. They aggressively pursue whistleblowers who shine a spotlight on their activities. And they set aside international law to invade any country of their choosing in their sole discretion.
They’re also actively encouraging the collapse of the dollar-denominated financial system.
Right now, the preponderance of world trade is transacted and settled in US dollars.
This has created tremendous demand from literally billions of people, companies, banks, and governments around the world to hold dollars and use the US banking system.
As a result, the US effectively gets to trade money they have conjured out of thin air for goods and services that foreigners have had to work hard to produce.
This is an unbelievable privilege for the US, and one that they have been abusing for years.
They have chased entire nations out of the financial system. They’ve blasted foreign banks with debilitating penalties for doing business with countries the US doesn’t like.
They’ve arrogantly commanded foreign banks to comply with absurd, costly regulations.
And they’ve practically forced the Chinese and Russians into bed with one another.
Mr. Obama can trumpet American exceptionalism all he wants. He can brag about how ONLY America can lead the world. But the Chinese are laughing all the way to the bank.
Fact is, China, Russia, and others are already taking steps to circumvent the US dollar and the US financial system.
The world is desperate for an alternative to the dollar and China is about to give one to them.
This isn’t any cloak and dagger stuff. It’s happening in broad daylight for everyone to see like a slow-moving train wreck.
The government is turning your country into a police state, and they’re destroying the value of your currency.
These are the real threats to your life and livelihood. Not ISIL. Not al-Qaida. Not Ebola. Ignore the propaganda and see for yourself.