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Market cycles have existed since the advent of lending institutions. As far back as 2,000 BC, in Assyria, merchants provided loans to farmers and traders. Often, this created prosperity, with greater amounts of money passing from hand to hand with greater frequency.

Not surprisingly, the interest paid to the merchants inspired them to increase the amounts they would lend, again increasing prosperity.

But periodically, hard times returned and those who borrowed were unable to pay back the loans, leading to recessions.

Since at least the 14th century, rather than lending out gold and silver, goldsmiths in Europe issued letters of credit. Then, in the 17th century, fractional reserve banking emerged as a common practice.

The concept was that a bank might lend out the majority of its deposits, retaining a small percentage for day-to-day business. But for many banks, at some point, the temptation to lend out more in promissory notes than the bank actually had on deposit became too great.

Periodically, there would be a market contraction and the banks would fail. Those who thought that they owned money found that they did not. It was gone.

Fast-forward to the 21st century and we see the fractional reserve concept as the norm, with banks having a host of means by which to lend out multiples of the money they actually have on deposit.

Naturally, this leads to bigger booms, but also bigger crashes.

At present, we’re at the end of the longest boom in history, and the debt levels and budget deficits of many of the world’s leading countries are far beyond anything the world has ever witnessed. Moreover, the greatly expanded level of currency creation is far beyond any level previously seen.

This is an end-run tactic, designed to buy a bit more time, but ensuring that, as the nascent collapse unfolds, it will be the greatest crash in history.

Historically, what happens in a crash is that most or all banks close. Some re-open at a later date; some do not. The lucky depositors are the ones who are told that a portion of their money still exists and that, at some point, they’ll be allowed to retrieve it. But for many others, total loss is the outcome. The amount of cash that was thought to be in circulation existed only as credits and most of it has literally vanished.

At such a time, cash becomes king. People still have assets, but find that those assets are unsaleable, as no one has the actual cash to purchase them, even if they wanted them.

There’s an old English saying that, “When no man has a farthing, the man with tuppence becomes a lord.” This sounds quite old-fashioned, but is nevertheless true.

Farthings are now gone from use in Britain, but tuppence coins (two pence – worth eight farthings) are still in circulation.

In essence, the saying means that when no one around you has any purchasing power, and you have even a small amount of cash, you are indeed a rich man, as you’re one of the very few who’s in a position to purchase assets.

And that leads us to the discussion of real money: gold and silver. They remain as real as they’ve always been. For over 5,000 years, people have returned to precious metals in times of economic crisis. Not surprisingly, the value of gold goes up at such times, sometimes dramatically.

At the same time, when the amount of available money contracts – and most people have far less of it than they did before the crisis – historically, the value of assets drops dramatically. This is due to the fact that, strapped for cash, people try to sell assets, and with the great majority of people attempting to do so, their value on the open market tends to drop dramatically.

It’s quite easy to drop to ten cents on the dollar, or even less. During the Weimar crisis in 1922–23, it was not uncommon for people to sell the treasured family piano for the price of a loaf of bread.

Most gold experts agree that, in a crisis, gold will rise to a minimum of $5,000. Should the crisis become prolonged and should a panic ensue, gold could rise to three times that number and beyond.

So, conservatively, gold at, say, $3,300 today could easily double, but in addition, if assets were to fall in price by, say, 50%, the resultant purchasing power of an ounce of gold would not be just $6,600, but double that, or $13,200. (And remember, that’s a conservative number.)

And here we see the meaning of the old English saying. The real measure of wealth is not the amount you possess, but the amount you possess compared to others. And by extension, what you are able to buy when you’re one of the very few who hold something of perennial worth.

In a crisis, such as the one that we’re now facing, promissory notes and bank credits will at some point tumble to the ground, as they invariably do. At that time – when no man has a farthing, the man with tuppence becomes a lord, as he’s one of the very few in a position to buy up assets that will, after the crisis has ended, once again be in demand.

The crisis period that we have just entered will be beyond anything we have seen in our lifetime.

How we emerge from it will depend upon whether we have converted our assets to real wealth whist there is still time.

Reprinted with permission from International Man.

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The post Charlie Kirk: How Debt Has Radicalized Young America and Why Boomers Deserve the Blame appeared first on LewRockwell.

Back in 1949 the world was still recovering from World War II. The Korean War wouldn’t start for another year, but George Orwell was already focused on the dangers of communism and the totalitarianist government it builds. World War II was started by totalitarian governments; but worse than that was how such governments treat the citizens living under their control.

In his book 1984, the government, encapsulated in the persona of “Big Brother,” knew everything about everyone; where they were, what they were doing and even what they were thinking much of the time. This was used to keep control of people to an extreme that even the now defunct Soviet Union couldn’t reach. Yet with modern technology, the reality of such a government could very well be forming around us and we don’t even see it happening.

As we know, the government is actively spying on every one of us. That’s the essence of Edward Snowden’s message, since he left the employ of the NSA. While that spying is intended to help prevent terrorism, we’ve seen some in government be awfully free in their use of that term. One can quickly find themselves labeled as a terrorist if the political winds blow the wrong way.

On top of the NSA, big tech is in cahoots with government in a number of ways, most especially with providing information to law enforcement officers, as they seek to solve crimes. But that same information which is being used for the good of tracking down and convicting criminals can very well be used against the rest of us. After all, any of us can become an instant felon, simply by Congress passing a law making something that has been legal, suddenly illegal.

An excellent case in point is the current push by Democrats to restrict our Second Amendment rights. Should they do that, then millions of law-abiding citizens will suddenly be faced with the option of turning in valuable firearms or hiding them from the government. Will the government hunt down those who haven’t turned in their guns, using the same tools they are currently using to track down criminals? Only time will tell.

So, what can we do to keep the government from having an idea where we are and what we are doing? To start with, we need to understand that the government has multiple means of tracking us, not just one or two. That means we’re going to have to defeat them all, if we expect to protect ourselves from electronic spying.

Here are a few places to start.

Use a Burner Phone

The easiest way for the government to track any of us is through our smartphone. We really don’t have a handle on everything that our phones are doing in the background, while we’re not looking.

Yet there’s nearly constant communication between our phones and the local cell phone tower.

It’s clear that the communications we have through our phones is readily available to the NSA and others.

You can even pay online services to do a little spying on family members, seeing their text messages, who they’ve talked to, what they’ve looked at online and where they’ve been. If you and I can do this, then you can be sure the government can do more.

Shut Off GPS Tracking

One of the most common ways our phones help the government keep track of us is through the phone’s GPS. Google and Apple keep track of our every move through that part of the phone.

If you go to Google Maps and click on your timeline in the menu, it will show you everywhere you’ve been, for the last several years.

This feature alone could put you in danger if you just happen to be in the same place that a crime was committed. While that alone wouldn’t be enough to convict you; it would be enough to make you a suspect.

And that’s just one example of how the GPs could be used against you. What if they want to track you down because it has been reported that you said something against the government; they’d have no trouble tracking you down.

Clean Out Internet Browsing Activity and Cookies

One of the big ways that companies use the internet to keep tabs on us is through our browsing history and the cookies downloaded to our computers by the various websites we visit.

A lot can be learned about who we are and what we do by looking at that. That’s why major corporations invest so much in data mining, looking for people to buy their products.

Haven’t you seen how you can look at something online, then find advertisements for the same sort of product showing up in your Facebook feed and just about any online article you read?

That information is also admissible in court as a means of defining your character. Government prosecutors could build a totally false narrative about you as a terrorist or planning mass murder, backed up by no more than the websites you have visited. Simple curiosity can and will be used against you, perhaps even in a court of law.

Get Rid of Alexa, Siri, and other Voice-recognition Assistants

One of the key elements of Orwell’s imaginary society in 1984 was that the government was tracking what everyone was doing through their television sets.

Yet today, rather than the government having to hide that capability in our TV sets, we buy devices and use them in our homes.

Those devices track everything we do, listening in on our conversations, so that they can “serve us” better.

Employees of those companies have come forth, confessing how employees at big tech companies listen in on people’s private lives.

If they’re doing it, then the government has access to it too. Remember, everything that device does goes over the internet and the NSA is tapped into that thoroughly.

Read the Whole Article

The post How Government Is Watching You and What You Can Do To Protect Your Privacy appeared first on LewRockwell.

Zvi Sukkot, a member of Israel’s Knesset or Parliament, declared in a televised debate several months ago, “Last night, almost 100 Gazans were killed.  And the question you asked me just now had nothing to do with Gaza.  Do you know why?  Because it doesn’t interest anyone.  Everyone has gotten used to [the fact] that [we can] kill 100 Gazans in one night during a war and nobody cares in the world.”

Fortunately for the United States and Israel, MK Sukkot is correct.  Few people care that the people of Gaza are starving to death if they are not gunned down by the Israeli military, while they wait in line to receive food.

Drop Site News reported, “Israel’s war of extermination in Gaza continues to plunge to new depths of horror.  Starving Palestinians have begun to collapse in the streets and die of hunger as a result of the siege.  Those who try to get food are gunned down in ever deadlier aid massacres.  The Israeli military issues frequent mass expulsion orders and further expands its ground operations, slicing up the enclave and forcibly displacing Palestinians into more concentrated zones.  All the while, the relentless aerial assault and ground attacks persist.”

According to Antiwar.com, Gaza’s Health Ministry on Sunday reported a total of 18 deaths from starvation within 24 hours due to the Israeli blockade of most aid into Gaza. Two people who starved to death were Razan Abu Zahe, a 4 year old girl, and a 3 month old baby, Yehia al-Najjar.  Babies are especially vulnerable because mothers suffering from malnutrition cannot produce breast milk, and Israel has restricted the import of baby formula.

We must remember that Israel’s President Isaac Herzog of the center-left The Democrats Party stated on October 12, 2024 that there is no distinction between Hamas militants and civilians in Gaza.  He declared, “It is an entire nation out there that is responsible.  It is not true this rhetoric about civilians not being aware, not involved.  It’s absolutely not true.”

Last week, only 6 members of the US House of Representatives voted for a small reduction in US funding for the Israeli war machine.

Aaron Bushnell, a member of the US Air Force, who set himself on fire last year to protest this Shoah said, “Many of us like to ask ourselves, ‘What would I do if I was alive during slavery?  Or the Jim Crow South?  Or apartheid?  What would I do if my country was committing genocide?  The answer is, you’re doing it.  Right now.”

The United States and Israel are continuing to murder as many Gazans as possible, and they plan on expelling the remaining population to other countries to enable Israel’s puppet Donald Trump to develop a resort in Gaza.

Gaza is unfit for human life due to the unwavering support given to Israel by the US national-security state to destroy virtually all infrastructure in Gaza and its environment.  The international community must compel the United States and Israel to integrate the population of Gaza into Israel and to grant them equal rights in accordance with international law.

The post The Gaza Shoah Continues appeared first on LewRockwell.

Trump’s administration has just declassified a staggering 230,000 pages related to the MLK assassination—and we’re digging in. Eric Hunley and Mark Groubert explore what this massive release reveals, and how it connects to a broader push for transparency.

Plus, Tulsi Gabbard refers Obama officials to the DOJ for their alleged role in the Trump-Russia probe. From explosive DOJ dismissals to the LA blast that killed three deputies, we cover every corner of America’s untold stories.

Why is Colbert blaming Trump? What’s behind the WSJ press ban? Is UNESCO the latest battleground? Don’t miss Tuesday Newsday—it’s not what the mainstream will tell you.

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The post America’s Untold Stories – Treason? Tulsi Gabbard Refers Obama Team to DOJ appeared first on LewRockwell.

Thanks, Andy Thomas.

“Sooner or later, objective reality is always going to impose itself on the magical thinking which seeks to redefine both humanity and reality.”

See here.

The post 10 Civilizational Blind Spots appeared first on LewRockwell.

Jesse Trentadue wrote:

The Gateway Pundit

The post Upcoming Book Poised to Expose FBI’s Hidden Role in OKC Bombing on 30th Anniversary, Reveal Prison Murder Cover-Up, Says Victim’s Brother appeared first on LewRockwell.

Brian Dunaway wrote:

Well, to Christian Zionists, that would include intimidating Palestinian Bedouins by killing their livestock in order to force them to flee, so as to possess their land, as Israeli settlers have done.

Meanwhile, Christian Zionist ranchers in Texas, with the help of organizations like the Temple Institute and Boneh Yisrael (“Building Israel”), have delivered five red heifers to Israel to be used in priestly purification during rituals on The Temple Mount. (Just have to push off that pesky Dome of the Rock first, then re-build the temple. No worries – plans afoot to do all of this!)

Yeah, Jesus would do that too. He would definitely genetically modify cattle to produce red heifers for use in a temple ritual made utterly pointless by His crucifixion. Definitely.

The post WWJD? appeared first on LewRockwell.

David Martin wrote:

Latin American lawlessness and economic lunacy comes north.

I first encountered the squatter phenomenon living in San Juan, Puerto Rico, in the mid-1980s.  It was all over the island, and no one seemed to be able to do anything about it.  I don’t know if anything has changed, but the most outstanding example of it at the time was on Rt. 187, the Atlantic Ocean waterfront road that runs behind San Juan International Airport all the way to a ferry crossing at a river mouth that takes you to the small town of Loiza Aldea.  I used to go on weekend bike rides on the road because it was virtually free of traffic.  The government, I was told, owned the land, and only a few squatters’ houses were beside it here and there.  The value of that waterfront property so near to Puerto Rico’s population center is hard to overestimate, but the concept of opportunity costs (income foregone) seemed to be totally foreign to the island’s leadership.  A couple of prime examples of that phenomenon is that the old city airstrip in the heart of the port of San Juan had been taken over by some routine government administration buildings that could have been located anywhere in the city, such as the office for drivers license renewal, and a long stretch of waterfront property heading into San Juan from the international airport had been chosen as the site for a very large public housing project.

As a footnote on the story, an elementary school classmate of my oldest son, lived with his parents, a Cuban exile insurance executive and his younger German second wife, a few steps away from their appropriately named private school, San Juan School by the Sea, where English was the medium of instruction.  The parents and son lived rent free in a house that the government owned, but had lost track of.  The school and the house and much of the neighborhood were later destroyed by Hurricane Hugo, and the international trio moved to South Carolina.

The post Squatters Have Taken Over Lots in L.A. Fire Zones, and the Owners Can’t Remove Them appeared first on LewRockwell.

Thanks, Vicki Marzullo.

Zero Hedge.

The post Bessent: Get rid of Fed appeared first on LewRockwell.

David Martin wrote:

“Living on the petrodollar.”

Tangible gold has to be better backing for a currency than the political arrangement du jour.

The post Trump’s War on BRICS BACKFIRES as Putin & China SMASH US Dollar w/ Ben Norton appeared first on LewRockwell.

The post Obama, Brennan, And The Deep State Coup appeared first on LewRockwell.

Thanks, Johnny Kramer . 

The post Tim Dillon Emergency Podcast w/ Alex Jones: The Epstein Cover-Up appeared first on LewRockwell.

Thanks, David Krall.   

The post 9/11 Pilot Whistleblower: Why These Hijackers Couldn’t Have Flown the Planes appeared first on LewRockwell.

Thanks, Johnny Kramer

The Independent

The post Alan Dershowitz: Ghislaine Maxwell knows ‘everything’ and should get immunity to testify before Congress appeared first on LewRockwell.

Thanks, Tim McGraw.

Charles Burris

The post Tulsi Gabbard, the Director of National Intelligence, Has Proof that Obama Authorized Killing of Trump appeared first on LewRockwell.

The odious Rahm Emanuel, who reportedly wants to run for president, has “broken” with the Lunatic Left and has announced that he doesn’t believe that a man can become a woman (and vice versa).  The Dr. Mengeles of the “sex change surgery” industry must be very, very concerned.

The post News Flash: This Just In appeared first on LewRockwell.

Click here:

Zero Hedge

The post “Plan On It!” Martin Armstrong Sees ‘100% Chance Of Nuclear War’ appeared first on LewRockwell.

Thanks, Johnny Kramer . 

Gateway Pundit

The post Texts and Emails Indicate Hillary Clinton Campaign Directly Coordinated with Obama White House to Launch Trump-Russia Hoax appeared first on LewRockwell.

Click here:

CovertAction Magazine

The post COINTELPRO Operations Helped Create Today’s Dystopian Political Environment appeared first on LewRockwell.