An important message – not quite from my sponsor.

I believe (not surprizingly) in the Islamic system of money which employs principally Gold and Silver, and Food as currency. It’s inflation proof and I believe it hinders hideous wealth accumulation by the few becasue it seems conglomeratization/megacorp/multinationals would be difficult to form/swell under the Islamic system. Maybe I’m wrong, but that’s how I see it so far.


99.99 Gold. Go on get some. You know you want to.

It’s an economic system (and whole life system) I believe to be revealed by God and therefore cannot be bettered by idiotic man. Even if you don’t believe in God, it would be a worthy exercise to study the Islamic principle of money and trade (good and bad) on it’s merits alone.

That means I believe a return to Gold is the only solution and an answer to the horrendous ecomomic cruelty we have in the world today. Most readers of this blog will already know the current system is a scam and a farce.

Should I keep quiet of my belief in Gold, perhaps only encouraging my fellow Muslims to purchase Gold and seek its return as the system of trade? If I was a selfish then perhaps. However, whether you like me or not, love me or loathe me, I’m going to advise you to do all you can to leave this junk fraudulent system behind and purchase Gold, and I really hope you do so.

Here’s a post from one of the “Gold sites” I sometimes visit and get info from. (P.S. I have no tie to that site at all – this isn’t an advert, simply an encouragement to buy Gold and a posible source from where you can get it)

Dear Galmarley user,

At the weekend our global financial crisis took the first step down an ugly new path, with the creditworthiness of America’s two great mortgage brokers, Fannie May and Freddie Mac, being called into question. The US Treasury were forced to issue announcements appearing to guarantee their protection.

 

If you don’t already know about these two organizations, it’s hard to appreciate the scale of the news. Fannie May and Freddie Mac are the giants of mortgage business in the USA. They stand behind an incredible $5 trillion of mortgage guarantees.

 

But with US house prices in free-fall their share prices have collapsed; Freddie’s decline last week was from $14.50 to $4.28.

This time last year it stood at $55.

Fannie’s and Freddie’s mortgages are financed mainly by bond issues, and the bonds are sold to the world’s financial organisations.

“The Economist” magazine has for years been commenting on the strangeness of these bonds’ status, because although officially they are NOT government backed, they have been treated by everybody as if they were. 

Their status is now important because their solvency has been called into question both by the markets and by William Poole – until March this year a full member of the US Federal Reserve. Poole is notable for being a lone dissenting voice on the Fed’s Open Market’s Committee. We don’t know if he’s a loose cannon or a beacon of truth.

 

The protective reaction of the Treasury certainly suggests a national guarantee stands behind Fannie and Freddie. Yet the strangeness of the bonds – their quasi-private status – means they are not on the public accounts. That is wrong.

 

In accepting responsibility for these liabilities the US government has catapulted its public debts from $10 trillion to $15 trillion.The $100,000 of debt owed by every American family, and borrowed on their behalf by successive US governments since 1980, is the unmentionable whore in the family of US fiscal competence. A 50% increase in it overnight is very, very serious, especially when it is known that the underlying asset backing is already insufficient and is still falling.

 

Perhaps we are entering a new phase of the dollar collapse, with double-digits for both interest rates and inflation. Bonds look more and more risky.

—————————————–

Very few people have the foresight to buy gold bullion. Those who do are insuring their savings against the awfulness of our current situation, and naturally enough the ‘premium’ for that insurance is rising.

 

Perhaps you have heard commentators comparing our ugly 2008 economic situation to the 1930s depression, and to the 1970s ‘stagflation’. Well, between 1929 and 1934 bonds and businesses were collapsing everywhere, and gold’s investment purchasing power rose 17 times. Then between 1971 and 1980 it rose 15 times.

 

So far in this cycle gold has only risen three times from the bottom. With organisations like Fannie and Freddie in trouble that looks like denial. I believe we’re still nearer the bottom than the top of gold.

 

When you first registered on BullionVault we were quite a bit smaller than we are now. You may remember I offered you a free gram of bullion to allow you a chance to experience owning gold in Zurich. I’m writing to repeat that offer to you. We’re a much bigger organization now. We have 50,000 registered users and 7.5 tonnes of gold bars stored on their behalf in London, New York and Zurich. According to the IMF that’s twice as much gold as Canada’s central bank.

 

Our business is to make owning gold simple, secure, cost-effective and totally transparent.

 If you’re like most of our clients you’ll want to know exactly what you’re getting into. So here I’ve explained clearly how the BullionVault service makes safer and costs you less: http://www.BullionVault.com/Gold/How/ReadyToBuyGold

 

…when you’re ready you can take the next step here:

https://www.BullionVault.com/secure/registration.

do …and you’ll get a free gram of gold bullion when you register. Finally here’s a simple step-by-step guide to walk you through the whole process for acquiring gold bullion in Zurich, Switzerland:

http://www.BullionVault.com/help/getting_started_steps.html

 

Best regards,

Paul Tustain, Director

Caveat : Please remember that neither I nor anybody else actually knows how serious the economic situation is going to get. I believe gold offers protection, but prices could fall as well as rise.

———————————————————-

Not for you? To end these messages now, just send an email to:

nomoreplease@bullionvault.com

 

 

 

 

 

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9 Responses to “An important message – not quite from my sponsor.”


  1. 1 antireptilian July 15, 2008 at 12:41 pm

    LW

    Have you watch the 3 hour documentary “the money masters”?

    It gives a good background into the formation and machinations of the banking cartels. Debt is slavery, considered by all major religions at one time or another as evil.

  2. 2 steph July 15, 2008 at 3:18 pm

    I agree, actually Rob said at the time, when America and Britain began selling off the gold reserves and investing in oil shares, that they were artificially boosting the economy, which would raise the cost of living. Ten years on and that’s turned out to be an understatement.

  3. 3 lwtc247 July 16, 2008 at 3:50 am

    @ both.

    Re: Have I watched Money Masters. Yes I have. Was it only 3 hours? It felt longer, anyway, it was great! The Money Masters is a great documentary about the history of ‘money’ and it’s (ab)use. It was made by Bill Still. However, and very surprizingly, Still said in a presentation later that he didn’t think Gold was the answer. His reason being becasue it was limited. He has a minor point but failed to realise Gold in only part of the answer and that it’s limitation only depends on the rate of circulation. Perishible foodstuffs and livestock also count as money as does Silver, and apparently fractions of the Dinar(gold) and Dirham(silver). But if money was limited it may well stop the Global monopolies of Global Corp (although this is an unknown, but I am confident a divine system would have embedded in it ways to prevent hiseous abuse).

    I wouldn’t recommend Money masters as a first ‘inductory’ guide to the banking/money system (try the ‘illustrated guide’ instead or ‘Money as debt’) but as one understands thescam the Money Masters is an excellent journey to the financial scam aware.

    Umar Vadillo gives many good speeches on the Islamic take on Money and the Islamic economic system (as does the great Imran Hosein – both men I respect highly. Here (for pic/brief info of Umar’s recent activity) and Here for more info.

    It seems to me that UK and US plc. have given their gold to the usual suspects of the global elite. http://nw0.info/?p=Documentaries/History%20Documentary%20-%20The%20Rockefellers/

    But all is not lost.

    Thanks in part to “the dossier” for providing a link site with longevity. Some great vids he links to are given below and his site is here: tp://www.thedossier.ukonline.co.uk/video_drugsmoney.htm

    VIDS:

    The Money Masters – How International Bankers Gained Control of America.
    An absolutely mind blowing film that covers the history of money and banking systems throughout Europe and America. It shows how a small group of men control countries through a corrupt system of finance and central banking, to enslave and oppress humanity

    part 1 = http://video.google.com/videoplay?docid=-8753934454816686947
    (google video)

    part 2 = http://video.google.com/videoplay?docid=-2665915773877500927 (google video)

    Ludwig von Mises Institute – Money, Banking and the Federal Reserve.
    Another film exposing the joke that is ‘fractional reserve banking’. Concise, only 42min
    mms://mises.org/Fed

    Paul Grignon – Money as Debt.
    This fast-paced and highly entertaining animated feature by artist & videographer Paul Grignon, explains today’s magically perverse debt-money system in terms that are easy to understand
    stream

    http://video.google.com/videoplay?docid=-9050474362583451279 (google video)

  4. 4 antireptilian July 16, 2008 at 3:18 pm

    LW

    Cheers for those alternatives. I will check them out.

  5. 5 StefZ July 16, 2008 at 6:39 pm

    The existing money system is a scam, no dispute from me

    But I have a couple of problems with advocating a gold based system

    You might want to ponder upon the nature of the interests which currently control a large proportion of the world’s gold reserves.

    You might also want to ponder upon the nature of the interests which currently control a large proportion of the world’s precious metals mining business

    Any switch to a gold based system would favour them

    The funny thing, OK maybe not that funny, is that those interests acquired their holdings through the manipulation of paper based money

    And whilst pondering, it’s also worth having a peek at the current and recent gold prices and asking yourself who exactly sets the gold price

    Given all that’s been going on in the world it would be reasonable to have expected gold to have gone through the roof. It hasn’t, yet (Gordon Brown famously sold the UK’s gold reserves at a knock down price, but he wasn’t the only one)

    There are no easy answers to extracting the world from the grasp of the money men, including any rush to the lovely shiny stuff

  6. 6 lwtc247 July 17, 2008 at 1:05 am

    “You might want to ponder upon the nature of the interests which currently control a large proportion of the world’s gold reserves.

    You might also want to ponder upon the nature of the interests which currently control a large proportion of the world’s precious metals mining business”

    – Have done and still doing, and you are right it is an issue. The question begs however, WHY do those people have such large holdings in Gold?.. Because they know it’s the principle thing that
    has any value. They know if the toilet-paper system fails they will have a secure back up.

    One thing I am unsure of (but am in the process of trying to find out – PLEASE post in your ideas) is how they can be relieved of all that gold and gold interests. {what we can do as individuals, institutions and governments} or really if their hoardings actually mean anything {a labourer could demand fie times the rate of payment of gold from a man he knows to have a lot of gold, hence the rich mans accumulation is of less significance. They also have to pay 2.5% tax of their wealth}

    A switch to Gold now possibly may favour them at this very moment, becasue they have embarked upon a crusade to life the gold from everyone’s pockets – especially profuse over the last 100 years or so. That is why I am calling on people to bin their paper and build personal reserves of Gold.

    I’m preparing a post on Derivatives and from what I’ve found out about them, it negates the apparent cost in the price of gold. You can’t really go wrong if you trade worthless paper for gold and then go on to trade with others in gold. This will happen (and is already happening in some parts of the world) when individuals decide themselves to embark upon this financial self empowerment and enlightenment.

    But what’s indisputable is that the CURRENT system already favours them {as you’ve sussed out} and they devise ever more complicated schemes to advance that agenda. If Gold is used, they cannot make such elaborate schemes. Schemes which remember are designed to enslave us with fraudulent paper and steal any previous gold we may have.

    Who sets the Gold price? It’s only set if you pay any attention to it. Early on, we have little choice but to entertain that price-fixing. Once we accumulate a reasonable amount and trade using gold picks up, we can negotiate our own deals and agree on a gold price and can ignore the devious price on the “international “market””

    Gold price not so long ago on western markets used to be set by someone in an organisation like JP Morgan telephone the stock exchange and informing them of the price! Can you believe that?

    And on the price of gold,the price depends how you look at it. If you take Gold as your baseline, you simply get the face that valueless paper money is worth approximately 5 times less now that it was about 8 years ago. OF course that multiplier is modified by speculation and so forth, but if the value of gold is the default by which you measure the value of everything else, then Gold price is essentially static. Furthermore, If it is the standard by which everything is measured, it would be pointless to speculate upon the it’s price!

    I have bought three portions of gold over the last year or so. I could cash it in and make some “profit”, but it would be a pseudo profit within the confines of a bubble and it would cripple attempts to kick start a gold economy vi privately agreed micro-transactions between individuals.

    There is a barrier of fear there which prevents people from accumulating gold as they think the price may go up or down and if they have to cash it in they will lose money, but that decision goes around their minds with little or no inclusion as to the fact their paper money loses value year upon year upon year and the Big bubble of paper money is collapsing right as we speak.

    A Financial Tsunami is heating out way and will drown us if we stay with the its structural confines (of how it operates).

    “There are no easy answers to extracting the world from the grasp of the money men, including any rush to the lovely shiny stuff” – Here we disagree. I think uncertainty(fear if you will) prevents us from doing something that will rob them of their massive power of manipulation. And I would say from a Muslim point of view, it is the easy answer because it is prescribed by God.

    Even the conventional system always advises diversification of portfolios to minimise risk. Even from that standpoint, it makes perfect sense to build a small gold reserve.

    Cheers Stef.

  7. 7 StefZ July 25, 2008 at 5:45 pm

    Gold Fixing
    From Wikipedia, the free encyclopedia
    (Redirected from Gold Fix)

    The Gold Fixing (also known as the London Gold Fixing or Gold Fix) is the procedure by which the price of gold is set on the London market by the five members of the London Gold Pool. It is designed to fix a price for settling contracts between members of the London bullion market, but informally the Gold Fixing provides a recognized rate that is used as a benchmark for pricing the majority of gold products and derivatives throughout the world’s markets. The Gold Fixing is conducted twice a day by telephone, at 10:30 GMT and 15:00 GMT.

    The first fixing took place on 12 September 1919 amongst the five principal gold bullion traders and refiners of the day: N M Rothschild & Sons, Mocatta & Goldsmid, Pixley & Abell, Samuel Montagu & Co. and Sharps Wilkins. The gold price then was four pounds 18 shillings and ninepence (GBP 4.9375) per troy ounce.

    Due to wartime emergencies and government controls, the London Gold Fixing was suspended between 1939 and 1954.

    Gold prices are fixed in United States dollars (USD), Pound sterling (GBP) and European euros (EUR).

    On 21 January 1980 the Gold Fixing reached the price of $850, a figure not overtaken until 3 January 2008 when a new record of $865.35 per troy ounce was set in the a.m. Fixing.[1] However, when indexed for inflation, the 1980 high would equate to a price of $2398.21 in 2007 dollars, thus the 1980 record still holds in real terms.

    The Fixing historically took place twice daily at the City offices of N M Rothschild & Sons in St Swithin’s Lane, but since 5 May 2004 it takes place by telephone. In April 2004 N M Rothschild & Sons announced that it planned to withdraw from gold trading and from the London Gold Fixing. Barclays Bank took its place from 7 June 2004, and the chairmanship of the meeting, formerly held permanently by Rothschilds, now rotates annually.

    A tradition of the London Gold Fixing was that participants could raise a small Union Flag on their desk to pause proceedings. Under the telephone fixing system, participants can register a pause by saying the word “flag”, and the chair ends the meeting with the phrase “There are no flags, and we’re fixed”.

    The current five participants in the Fixing, who must be members of the London Bullion Market Association, are:

    * Scotia-Mocatta — successor to Mocatta & Goldsmid and part of Bank of Nova Scotia
    * Barclays Capital — Replaced N M Rothschild & Sons when they abdicated
    * Deutsche Bank — Owner of Sharps Pixley, itself the merger of Sharps Wilkins with Pixley & Abell
    * HSBC — Owner of Samuel Montagu & Co.
    * Société Générale — Replaced Johnson Matthey and CSFB as fifth seat

  8. 8 StefZ July 25, 2008 at 5:46 pm

    …those Rothschilds get around don’t they

  9. 9 lwtc247 July 28, 2008 at 12:51 am

    Yeah the buggers (quite literally so some have said)


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