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Keyword: goldbugs

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  • South Carolina Bill Would Make Gold and Silver Legal Tender

    12/01/2019 3:22:12 AM PST · by Openurmind · 35 replies
    The New American ^ | Nov 30, 2019 | Joe Wolverton, II, J.D.
    A bill filed in advance of the next legislative session would make gold and silver legal tender again in the state of South Carolina. State Representative Stewart O. Jones submitted legislation that would restore gold and silver to their status as legal tender in his state. In an op-ed written in October, Representative Jones set out the sound economic principles that support his proposed statute: To understand the full extent of the debt and the destruction of the dollar, it’s essential to realize that paper money has a history of being printed as bills of credit to finance runaway government....
  • South Carolina Legal Tender Act Would Treat Gold and Silver as Money

    11/26/2019 6:40:43 PM PST · by Perseverando · 25 replies
    Tenth Amendment Center ^ | November 22, 2019 | Mike Maharrey
    COLUMBIA, S.C. (Nov. 22, 2019) – A bill prefiled in the South Carolina House would make gold and silver coins legal tender in the state. Passage of this bill would take a step toward creating currency competition in South Carolina and undermine the Federal Reserve’s monopoly on money. Rep. Stewart Jones filed House Bill 4678 (H.4678) on Nov. 20. Under the proposed law, “gold and silver coins minted foreign or domestic shall be legal tender in the State of South Carolina under the laws of this State. No person or other entity may compel another person or other entity to...
  • A Pro-Growth Alternative to the Left’s Tax Hike Agenda

    11/21/2019 2:14:54 PM PST · by Tolerance Sucks Rocks · 5 replies
    The Daily Signal ^ | November 20, 2019 | Adam Michel
    America needs a bold agenda to solidify the current economic expansion and return hard-earned money to taxpayers. That runs counter to the consensus of those on the left, who want large increases in federal spending and dramatic tax increases to pay for them. Their plans are so expansive that it will require both middle-class payroll tax hikes and broad new taxes on American savers, investors, and employers. Opposing that growth-killing agenda isn’t enough. Conservatives need to draw a stark contrast and push for a second round of tax relief that will let workers keep more of their money, make it...
  • Trump Redeeming America from the Sins of the Fed

    11/02/2019 8:16:47 AM PDT · by Kaslin · 6 replies
    American Thinker.com ^ | November 2, 2019 | Paul Dowling
    "You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin!" —President Jackson, explaining his unwillingness to allow the Second Bank of the United States to continue, in a quote that could easily describe President Trump's mindset with respect to today's Federal Reserve Big-League Betrayal: Assisted by President Wilson, a Banking Cartel Ascends to PowerIn 1913, President Wilson signed the Federal...
  • Google’s “Quantum Supremacy” To Render All Cryptocurrency & Military Secrets Breakable

    09/22/2019 9:13:04 AM PDT · by Enlightened1 · 36 replies
    Summit News ^ | 09/21/19 | Paul Joseph Watson
    Google’s announcement that it has achieved “quantum supremacy” with a 53-qubit quantum computer greases the skids for all cryptocurrency and military secrets protected by cryptography to be breakable in a stunning new development that will change the world. The Big Tech corporation’s new quantum processor took a mere 200 seconds to complete a computing task that would normally require 10,000 years on a supercomputer. The 53-qubit quantum computer can break any 53-bit cryptography in seconds, meaning Bitcoin’s 256-bit encryption is vulnerable once Google scales its quantum computing to 256 qubits, something their own scientists say will be possible by 2022....
  • Google researchers have reportedly achieved “quantum supremacy”

    09/21/2019 2:06:43 AM PDT · by Berlin_Freeper · 85 replies
    technologyreview.com ^ | September 20, 2019 | MIT Technology Review
    According to a report in the Financial Times, a team of researchers from Google led by John Martinis have demonstrated quantum supremacy for the first time. This is the point at which a quantum computer is shown to be capable of performing a task that’s beyond the reach of even the most powerful conventional supercomputer. The claim appeared in a paper that was posted on a NASA website, but the publication was then taken down. Google did not respond to a request for comment from MIT Technology Review.
  • Google researchers have reportedly achieved “quantum supremacy”

    09/20/2019 3:20:30 PM PDT · by LibWhacker · 47 replies
    MIT Technology Review ^ | 9/17/19 | Martin Giles
    Google researchers have reportedly achieved “quantum supremacy” The news: According to a report in the Financial Times, a team of researchers from Google led by John Martinis have demonstrated quantum supremacy for the first time. This is the point at which a quantum computer is shown to be capable of performing a task that’s beyond the reach of even the most powerful conventional supercomputer. The claim appeared in a paper that was posted on a NASA website, but the publication was then taken down. Google did not respond to a request for comment from MIT Technology Review.Why NASA? Google struck...
  • Three Years On, China’s Yuan Still Can’t Touch the Dollar’s Reserve Currency Status

    10/02/2019 9:08:17 AM PDT · by SeekAndFind · 4 replies
    Fisher Investments ^ | 10/02/2019 | Fisher Investments Editorial Staff
    Three years ago today, the IMF added China’s yuan to the basket of currencies underpinning its Special Drawing Rights (SDR)—its proprietary reserve accounting unit and means of extending credit to countries in need. At the time, the IMF touted it as “an important milestone in the integration of the Chinese economy into the global financial system.” Many investors took a less benign view, seeing the IMF’s move as threatening to end the dollar’s status as the world’s leading reserve currency—sending interest rates spiking and rendering US debt unaffordable. That was always a false fear, in our view, as the...
  • Real US debt levels could be a shocking 2,000% of GDP, a Wall Street report suggests

    09/09/2019 11:20:53 AM PDT · by NRx · 26 replies
    CNBC ^ | 09-09-2019 | Jeff Cox
    * Total US debt including all forms of government, state, local, financial and entitlement liabilities comes close to 2,000% of GDP, according to AB Bernstein. * The biggest potential load comes from entitlements, but is being pressured from rising levels of federal government debt as well. * The warnings about potential debt hazards come as the total federal debt outstanding has surged to $22.5 trillion. * A debt reform advocate says now is the time for the U.S. to tackle the issue, before recession hits. Total potential debt for the U.S. by one all-encompassing measure is running close to 2,000%...
  • Iran moves to strike 4 zeroes from its battered currency

    08/21/2019 4:55:37 AM PDT · by BeauBo · 27 replies
    The State (South Carolina) ^ | August 21, 2019 | AMIR VAHDAT
    Iran's president sent a bill to parliament Wednesday that would cut four zeroes from the value of the Islamic Republic's sanctions-battered currency, the rial, as tensions remain high between Tehran and Washington. By sending the bill to lawmakers, President Hassan Rouhani's government shows it is serious about an idea discussed for some time in Iran, where people discuss monetary transactions in both rials and informally, but more commonly, in tomans. A toman is worth 10 rials. If passed by parliament and approved by lawmakers, Iran's Central Bank would in effect devalue the rial and rename it as toman. The bank...
  • Conservative Alarmism About Deficits Resembles Lefty Warming Hysteria

    08/05/2019 10:09:49 AM PDT · by SeekAndFind · 13 replies
    RCM ^ | 08/02/2019 | John Tamny
    “This is a tipping point now. If we don’t address it in this window, in this presidential debate, we’re not going to deal with it.” Those are the words of former South Carolina governor and U.S. Congressman from South Carolina, Mark Sanford. Sanford is talking about federal debt.But if one didn’t know better, and if one weren’t familiar with the issues of importance to Sanford, it would be easy to speculate that the South Carolinian who plans to take on Donald Trump for the Republican presidential nomination was talking about global warming. The way that Sanford references a “tipping point”...
  • Trump’s Fed pick Judy Shelton is a fan of the gold standard

    07/02/2019 10:04:55 PM PDT · by NRx · 56 replies
    CNBC ^ | 07-03-2019 | Thomas Franck
    In tapping Judy Shelton to become one of two Federal Reserve Board governors, President Donald Trump selected one of the minority of mainstream economists supportive of a return to the gold standard and critical of central bank activity. Shelton, who serves as the U.S. executive director at the European Bank for Reconstruction and Development, wrote as recently as last year in support of pegging the dollar to gold prices. Trump announced his intention to nominate both Shelton and St. Louis Fed economist Christopher Waller via tweet on Tuesday. Shelton’s unorthodox monetary beliefs will likely draw questions from Senate lawmakers, who...
  • Bitcoin not built to last, despite recent surge

    07/01/2019 9:28:19 AM PDT · by SeekAndFind · 47 replies
    New York Post ^ | 07/01/2019 | Jonathan Trugman
    Last week we saw bitcoin, the great hope of cryptocurrency, skyrocket to over $13,000. It was in the vicinity of $3,200 as recently as December. Why? Maybe it was Facebook’s new venture into creating its own digital currency, Libra — although, if that were to be successful, how it would offer any type of validation of bitcoin is beyond me, and a whole lot of smart people on Wall Street. In fact, it might spell the beginning of the end for bitcoin. There are almost no major Wall Street investors of substance with meaningful track records who have invested in...
  • 4 Takeaways From a New Report on the National Debt

    06/26/2019 11:53:25 AM PDT · by Tolerance Sucks Rocks · 41 replies
    The Daily Signal ^ | June 25, 2019 | Justin Bogie
    A new government report has given us a glimpse into our nation’s fiscal future, and the outlook is grim. Absent major reforms, America’s debt will only continue to balloon. The Congressional Budget Office released its updated long-term budget report on Tuesday, which projects the nation’s fiscal situation for the next 30 years. Despite the strong economy, the nation remains in a precarious and unsustainable budget position, just as it was last year. Debt held by the public is set to rise to nearly one and a half times the size of the economy in the coming decades. The report also...
  • Majority of bitcoin trading is a hoax, new study finds

    03/22/2019 9:59:46 AM PDT · by NRx · 29 replies
    CNBC ^ | 03-22-2019 | Kate Rooney
    New research is casting even more doubt on the legitimacy of bitcoin trading. An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges. The survey, first reported by The Wall Street Journal, echoes concerns by regulators that cryptocurrency markets are still ripe for manipulation. Bitwise, an asset manager in the process of trying to list the first-ever bitcoin exchange traded fund, said it met with the Securities and Exchange Commission on Tuesday to discuss its application. As a part of the process, it submitted analysis that could help regulators cut...
  • Siberian Gold Find Brightens Ruble’s Future

    02/08/2019 12:19:29 PM PST · by DUMBGRUNT · 24 replies
    WSJ ^ | 7 Feb 2019 | Thomas Grove
    “This is the Holy Grail of gold mining effectively, given the quality and given the scale,” The news is good for both Polyus and the Russian government. Unlike other producers that move their bullion on world markets, Polyus sells its gold exclusively to large Russian state banks, which then resell it to the country’s central bank. Once mining begins, the bank can use the mine’s gold to support its ruble currency or sell it for extra foreign currency in times of crisis. According to Polyus, Sukhoi Log is likely to be producing more than 1.6 million ounces of gold every...
  • Bitcoin investors are running from the crypto to invest in gold this year: ETF strategist

    01/26/2019 1:59:38 PM PST · by NRx · 14 replies
    CNBC ^ | 01-26-2019 | Keris Lahiff
    Bitcoin's hot streak is well and truly dead. The cryptocurrency has not been able to crack above $4,000 in three weeks just 12 months after trading at more than $12,000. Signs show that bitcoin investors are moving toward a more traditional commodity, says Jan Van Eck, CEO of Van Eck Associates. "I do think that Bitcoin pulled a little bit of demand away from gold last year, in 2017," Van Eck told CNBC's "ETF Edge" on Wednesday. "Interestingly, we just polled 4,000 bitcoin investors and their number one investment for 2019 is actually gold. So gold lost to bitcoin and...
  • Money Doesn’t Stink-Don’t blame the market for the wages of secularism.

    01/15/2019 4:38:06 PM PST · by SJackson · 20 replies
    Frontpagemagazine ^ | January 15, 2019 | Bruce Thornton
    In his biographies of the Roman emperors, Suetonius describes a conversation between Vespasian and his son Titus, who disapproved of his father taxing the urine that tanners and other industries collected from public restrooms: “When Titus found fault with him for contriving a tax upon public conveniences, [Vespasian] held a piece of money from the first payment to his son’s nose, asking whether its odor was offensive to him. When Titus said ‘No,’ he replied, ‘Yet it comes from urine.’” This sentiment has been summarized in the proverb, “Money doesn’t stink.” Currency, in other words, is morally neutral. Its buying...
  • Checked your Bitcoin Balance Lately? Don't Bother (Vanity)

    01/14/2019 3:46:50 PM PST · by Responsibility2nd · 70 replies
    Bitcoin ^ | 01/14/2019 | R2
    December, 2017. I'm late to the game, I know. I set up an account on Coinbase.com. $100.00 to start. January, 2018. Another $100.00 transferred in to Bitcoin. Total in is $200.00 January, 2019. My Portfolio Value is $40.90.
  • A Stunner: National Debt Interest Will Soon Exceed National Defense Spending

    12/27/2018 4:20:29 PM PST · by entropy12 · 44 replies
    Hot Air ^ | December 27, 2018 | ANDREW MALCOLM
    President Trump has harshly criticized the Federal Reserve in recent weeks for inching up the standard interest rate to guard against rising inflation and threatening the four percent economic growth rate the billionaire likes to brag about. Here’s another reason: The higher interest rates on your credit card balances and car loans also apply to the federal government’s borrowing. RECOMMENDED