Taking a step back, how wild is it that it took until 2023-2024 to remove mind-shackles on Federal Reserve Discussion
15+ Years of discourse has been recycled content on Jekyll Island, 1913, FDR’s Gold orders, 1971 Nixon etc. Over and Over again, it’s become diluted conspiracytard slop
Astral’s research + Stormy’s knowledge is singlehandly raising the bar
I finally stopped lurking and started poasting when I kept seeing worse and worse takes get widespread and realized that quality content is the most valuable/influential commodity of the 2020s
My research is usually expressed on other episodes, in this case all I’m researching is to verify what Stormy says is true, and it is (tho some of it is predictions)
Yes. Well thank you. I work hard. And as far as I can tell we are the only guys on the right who have a good explanation for why we can be optimistic about Trump.
Thank God for your interest in this topic. I had been entertaining the Jekyll and Hyde and Banker's war demoralization prop., but it just felt... facile. You're helping to purge the libertarian scum clinging to my psyche. Thank you Stormy.
[Unrelated pedantry typed below]
There's one part in The Wasteland, by T.S. Eliot that I'll have to revisit in a new light. It's a short warning about a Phoenician merchant, fallen overboard, lifelessly rising and sinking with the currents.
*****
Gentile or Jew
O you who turn the wheel and look to
windward,
Consider Phlebas, who was once
handsome and tall as you.
*****
(Postnote: though did not have to, Eliot insisted on working his job as a clerk at Lloyd's bank during the writing of The Wasteland).
When we say "British empire" we must remember the deal that expelled jews made with Cromwell in exchange for giving him loans, that the monarch Charles would be executed, and they allowed back in to start the Bank of England. Then a lot of evil was done in the name of Brits by those bankers ever since (like the "Irish Potato famine" - https://files.catbox.moe/sz35rm.png
The federal reserve is quite the opposite to the city of London. You can go as far as to say it has always been the enemy of the city of London until after World War III. But I guess you could say that with a lot of things now, couldn’t you?
I consider myself somewhat intellectually aware and curious. I’ve always enjoyed reading history books on various topics and institutions. Especially when the research area is fresh and new. But as the old phrase goes “history is written by the victors.” As institutional histories go I found this book of very good content. Yet of course it had a slight anti-banker (pro-academic), anti-WASP (meritocratic immigrant) bent to it. But it gives a tour on the foundational hopes of the Federal Reserve, the policy clashes between “rival” FR banks, (the bank governors vs the FED Chairman), and the crazy consequences of WWI US war financing, etc.
It was hard to develop any decisive answer to that question. (I’ll take your word for it.) The FED was established in 1913, just before WW1 broke out. They tried incorporating much of the Bank of England’s financial architecture into it. Certainly wasn’t a carbon copy, but the FED had the ability to determine interest rates and Open Market Operations. (While the US Dollar was basically pegged to Pound Sterling.)
While the US remained “neutral” until 1917, many of the existing US elites and financial institutions were very pro-Allied. They provided the Allies with a shit ton of loans and war material. The FED and Treasury coordinated to finance the war. After the war, people like New York Fed Governor Benjamin Strong tried to help keep Pound Sterling on life support. Britain was informally bankrupted by WW1, and bankrupt bitches have a hard time paying back creditors. But soon after he died the Great Depression occurred.
A historical meta-analysis of the various (mainstream) economic histories present FDR and his gang of meritocratic academic immigrant stock as being routinely tough of Britain. That they drove hard bargains during the gold exchange meetings of the 1930s and was trying to liberate the US from British financial control. Probably bullshit, but the publishing houses must’ve liked the message.
I don’t have the expertise to answer that. My early 20th century knowledge is 1900-1930 especially regarding Britain is severely lacking
If I had to take a swing at it, I think You’d have to look at the Fed in different eras
It’s my understanding the Fed bankrolled the Brits significantly in WW1 and to the extent that the continuation of WW1 was good for the British empire is a point that would have to argued as well. I would say the British would of been better off if they had suffered a defeat even one with major concessions as opposed to what ended up happening to them w/Churchill and WW2 but that is all above my pay grade…
FDR was sweeping regime change, and that included multiple major restructuring to the Fed/Banking System and FDR regime was obviously anti-British empire
It’s a difficult question. I think you did have 1913 era WASP elite factions within the US that were either extreme anglophiles or vehemently anti-British. You see that dynamic play out in various US economic history books.
Ben Steil’s “The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order.
These three (and others) stress the point that before WWI, Britain was the world’s creditor while the US was the world’s creditor. Despite the US already being far more industrially developed. WWI caused the financial polarity to shift from London to New York. Steil’s book blames the 1907 Panic on the British pulling the capital rug from under the US stock market. So maybe the Fed was partially an economic weapon to break financial dependence from Britain. Or maybe more of a weapon against the Central Powers. (Germany, Austria-Hungary, Ottoman Empire.)
Anotha' Banga'! These convos get me hyped up about turbo America.
We need nuanced minds and as another former Libertarian who came through Ron Paul, supporting the Fed is a tough pill, but what are we if we cannot learn? And who knows, maybe the Fed was evil before and now can be a tool for our interests?
An even nastier pill might be that these recent wars COULD potentially work out in the US's interest. Don't get me wrong, I hate them both and think they are definitely driven by ethnic interests of revenge and land-grabs in both countries (The sephar-dicks and ashke-nazis each need a homeland!), but those people are embedded in the US and they want to win, so we might get side benefits. Russia is being weakened, although they may take territory, and a weakening of Russia has some global strategic upsides for the US directly and vis a vis China.
It will be an exciting few years and I appreciate you guys wrapping your arms around some of it.
The fed isn’t to be supported it s just that it was created to help the economy and it’s been taken over. So we don’t want to “end the fed” we want it to be taken over by the right people
There hasn’t been a war that was good for the American people in a long time and certainly all of them today are terrible. We want Russia to win
Ha! Here I thought the towering Volker was Jewish. I’d daydream of him with Robert Reich on his lap during Washington D.C. economic meetings to help free up chairs for other bureaucrats. 🤣
VoxDay has contended for almost two decades that China (once) was a primary candidate for neo-Babylonian resettlement after the US economy blew up and hate against a certain ethnic minority became too widespread to be contained.
Often David Goldman (The Asia Times ““Spengler”) would make overtones about it in his articles and VoxDay would lampoon it. So years before the 2008 Financial Crisis it seems some important people understood Globalization was intrinsically unstable and hedging the bets of their ethnicity very hard.
Also, I don’t get the hate for China. They’re just playing the exact same game that the western powers played with it. The 1989 Tiananmen Square protests were basically a failed Deep State operation to overthrow the regime. Before Xi, “ClownWorld” had tons of Chinese officials under their control. It’s just now they’ve been largely purged from the CCP and sitting in jail cells.
Vox Day and I came to identical conclusions through entirely separate means of investigation and research. I don’t wanna be so bold. Say this proves either claim or his, as identical as they may be, but what I will say is out of all the other bullshit theories that circulate around our sphere, he and I we seem to have by far the most thorough truth. One way of testing theories, mathematics or theoretical physics you can reach the same conclusion independently through two or more methodologies. I.e. if I can prove through calculus what I can also prove through geometry.
Pleasure to meet you Stormy Waters. I wasn’t aware you had an account outside of Twitter/X.
But overlapping conclusions shouldn’t be all that surprising. I very much enjoyed reading VoxDay’s stories of traveling through Asia (mainly Japan) in the 1980s. I wasn’t even born yet and from recalling your own comments regarding your general age you weren’t that old yourself. But from that life experience he’s repeatedly kept tabs on the area and incorporates it into his articles. To establish any substantial evacuation contingency plan in the event of a financial collapse is best established well ahead of time. Seems the architects of global free trade do in fact have plenty to worry about.
For nearly two decades Putin/Russia tried to get the US government interested in friendly or at least neutral relations; the answer, under the influence of the usual suspects, was two middle fingers. The Russian military response in 2022 was absolutely justified as security measure given the fuckery engaged in by NATO, etc al. Don't buy the idea that US engaged in Ukraine because of Russian involvement in destabilizing Canada.
I remember this VoxDay article from 5 years ago. It details the power of fiat fart currency and how “money” can be basically pulled out of thin air via loans. I had no inkling of the Euro-Dollar system at the time (I still have many questions) but I did find this occurrence quite bizarre.
I’ve been DREAMING Stormy!! DREAMING ! RAMSTEIN base gets CLOSED! All US troops sent home all our equipment brought home i can’t imagine how many temporary bridges the military has that is going to be used in NC/TN while plans are developed to reconstruct and build bridges and roads that’ll withstand the next flood when the lord is sick of us.
I don’t actually totally buy into Stormy’s predictions here and even if it comes true it will involve pain for regular people. I think he’s too optimistic. Still, it gets me hyped and refutes the paradigm that we are completely owned by the Js
Very appreciative you guys are keeping this forefront in people's attention.
I'm still listening to this, but one thing I'd like to bring to Stormy's attention (and hopefully discuss with him) is that the ECB absolutely holds gold, 900 tonnes if I recall correctly. Also, they mark it to market every quarter.
This provides a counterbalance to the EUR, and stability to the ECB, because if confidence is lost in EUR in terms of gold, that gold is revalued, and thus shores up their balance sheet.
Not saying this is going to save the ECB as they could well be levered beyond what confidence that 900 tonnes can provide, but assuming it exists, it's there. It may be enough to save them, delay the end, or it may make no difference, but it's not an insignificant amount. My DM's are open.
If I understand the portion of the show you’re referring to without out going back to check, I think stormy said JP Morgan holds 90% of the worlds gold, but they don’t, they hold 90% of Americas, and even that is actually in question bc it’s based on their own bookkeeping which contains some major anomalies that can only be explained by their own misleading bookkeeping. But I’m not even sure that’s what you’re referring to?
The European member states have gold, not the European central bank itself. Each member nation has its own central bank, obviously. That central bank. Into its reserves, US dollars. Gold, treasury notes, etc.. and then issues solving debt backed up by tax revenue for the payments of interest on that sovereign debt. That sovereign debt, like our treasuries, but gayer get given to the European Central bank and the European Central bank Prince euros, and the backing for those euros is the collective sovereign debt of all of the member nations in the European Union.
Which would be fine, except for the fact that unlike the fed, the European central bank cannot recapitalize itself and has no gold or cash, equivalent holdings itself. It relies on being funded by the European member nations every year.
Which would be also fine if it wasn’t for the fact that most of the European member nations are themselves insolvent.
A fact born out by the Euro/USD chart over the past 8 years,
First, many thanks for going on so many podcasts and filling in the blanks of Tom Lluongo's analysis, and exposing our guys to esoteric Christianity and the cognitive basis of reality (the second is absolutely way more important, but that won't be apparent until some time from now).
Now, assuming that's true, the best I've been able to find out (secondhand) is they hold ~900 tonnes (edit: now 504 tonnes per FOFOA, it's been awhile since I paid close attention to that blog), and how much of that is gold receivables is probably impossible to find out without suing them or getting a leak. It wouldn't surprise me if most of that has been leased out.
The TL;DR of those links is that in addition to anticipating the gold for oil agreement between the US and the Saudis breaking down (for a while they were shipping kegs of gold disks stamped with the US Treasury logo), the creation and breakdown of the subsequent petrodollar - the architects of the Euro also anticipated the revaluation of the world's reserve currencies against gold due to debt saturation. This is why they included a decent amount (504 tonnes) of gold on the ECB's balance sheet, *revalued quarterly*.
Revalued quarterly was the key, this allowed them to stay solvent if the price of gold was allowed to float freely, at much higher prices. This was "Freegold". This was supposed to be a major part of the EUR supplanting the USD.
The problem as I see it is, much like a lot of other plans laid for future generations, is the people implementing the plan are way more incompetent and wholly unsuitable to implement this plan (shocking, I know).
I think they're right, we'll get a freely-floated gold price, and pretty soon, which will have several effects:
Goldbugs will pop their $30-$50k/oz gold champagne bottles. Yay! Good for them. They waited long enough for it. Jim Sinclair never lived to see it, God rest his soul.
We'll find out if Lyndon Johnson sold our gold from Ft. Knox to pay for he Korean and Vietnam wars & the "Great Society", along with selling out our country. Rest in piss.
India will see reverse migration as a lot of Indians (who are serious goldbugs, proving no one is completely without redemption) will return to India to lord it over their fellow Indians as they will rather be rich in their own country than a hated lower-middle-class in this one or Canada.
Europe and the EU will take longer to die, as the gold on the ECB's balance sheet will help to keep the Euro alive longer, but without massive reductions in government, welfare, regulations, and a consolidation of European debt, the EU, ECB, and EUR will not survive. This assumes they haven't leased most or all of it out, in which case I expect the end to be a "rip your face off" event.
Individual European states re-emerge outside of the EU, re-establish their currencies using what gold they have, and begin the long, painful process of learning why you don't do socialism that way, and if you want to do it correctly, you need to do it the way very bad Austrian painter man did it.
Even if Ft. Knox is empty, the US still has plenty of other gold, and I believe they're planning on using gold, BTC, and maybe silver and oil as a strategic reserve to create currency against after the chaos that is to come, so I'm still long term bullish on America.
PS I have a proposal for you, of sorts. It's more of a neat idea than an investment (I expect you would get a nice financial return, but the real returns are much greater). LMK if it's OK to DM you about it.
I finished listening to the episode a 2nd time. It’s interesting to listen how Cold War tech investments payed off so well. Maybe had the Cold War continued into the 21st Century we would’ve had YouTube and 5G tech by 1998! 😂
But then again the chances of nuclear war maybe would’ve gone up as well. 😳 Thomas777 talked with Pete on how increased tech sophistication made the timeframe to prevent a potential nuclear exchange all the smaller. The systems themselves were becoming increasingly automated and a minor military clash could trigger a cascading geopolitical disaster leading to nuclear war.
Taking a step back, how wild is it that it took until 2023-2024 to remove mind-shackles on Federal Reserve Discussion
15+ Years of discourse has been recycled content on Jekyll Island, 1913, FDR’s Gold orders, 1971 Nixon etc. Over and Over again, it’s become diluted conspiracytard slop
Astral’s research + Stormy’s knowledge is singlehandly raising the bar
I finally stopped lurking and started poasting when I kept seeing worse and worse takes get widespread and realized that quality content is the most valuable/influential commodity of the 2020s
My research is usually expressed on other episodes, in this case all I’m researching is to verify what Stormy says is true, and it is (tho some of it is predictions)
I meant in a general sense, Ukraine, Epstein, Euro history, etc… you’ve done really good work
Yes. Well thank you. I work hard. And as far as I can tell we are the only guys on the right who have a good explanation for why we can be optimistic about Trump.
Libertarian is a necessary phase of mental retardation as the caterpillar becomes a butterfly.
Shed a tear for all our retarded brothers still stuck in their retarded cocoons
Thank God for your interest in this topic. I had been entertaining the Jekyll and Hyde and Banker's war demoralization prop., but it just felt... facile. You're helping to purge the libertarian scum clinging to my psyche. Thank you Stormy.
[Unrelated pedantry typed below]
There's one part in The Wasteland, by T.S. Eliot that I'll have to revisit in a new light. It's a short warning about a Phoenician merchant, fallen overboard, lifelessly rising and sinking with the currents.
*****
Gentile or Jew
O you who turn the wheel and look to
windward,
Consider Phlebas, who was once
handsome and tall as you.
*****
(Postnote: though did not have to, Eliot insisted on working his job as a clerk at Lloyd's bank during the writing of The Wasteland).
Do you think the Federal Reserve was inherently pro or anti British Empire?
When we say "British empire" we must remember the deal that expelled jews made with Cromwell in exchange for giving him loans, that the monarch Charles would be executed, and they allowed back in to start the Bank of England. Then a lot of evil was done in the name of Brits by those bankers ever since (like the "Irish Potato famine" - https://files.catbox.moe/sz35rm.png
All in the first 30 minutes of this book
https://rumble.com/v52b05d-a-history-of-central-banking-and-the-enslavement-of-mankind-by-stephen-good.html
Cromwell to Ebeneezer Pratt memo that proves it
https://files.catbox.moe/yh5fww.png
Of course. Then you get into the “City of London” business.
The federal reserve is quite the opposite to the city of London. You can go as far as to say it has always been the enemy of the city of London until after World War III. But I guess you could say that with a lot of things now, couldn’t you?
I consider myself somewhat intellectually aware and curious. I’ve always enjoyed reading history books on various topics and institutions. Especially when the research area is fresh and new. But as the old phrase goes “history is written by the victors.” As institutional histories go I found this book of very good content. Yet of course it had a slight anti-banker (pro-academic), anti-WASP (meritocratic immigrant) bent to it. But it gives a tour on the foundational hopes of the Federal Reserve, the policy clashes between “rival” FR banks, (the bank governors vs the FED Chairman), and the crazy consequences of WWI US war financing, etc.
Any thoughts on Benjamin Strong?
https://www.amazon.com/History-Federal-Reserve-1913-1951/dp/0226520005/ref=
Anti. Always has been.
That was up until after World War 2 but I guess you could say that about a lot of things
It was hard to develop any decisive answer to that question. (I’ll take your word for it.) The FED was established in 1913, just before WW1 broke out. They tried incorporating much of the Bank of England’s financial architecture into it. Certainly wasn’t a carbon copy, but the FED had the ability to determine interest rates and Open Market Operations. (While the US Dollar was basically pegged to Pound Sterling.)
While the US remained “neutral” until 1917, many of the existing US elites and financial institutions were very pro-Allied. They provided the Allies with a shit ton of loans and war material. The FED and Treasury coordinated to finance the war. After the war, people like New York Fed Governor Benjamin Strong tried to help keep Pound Sterling on life support. Britain was informally bankrupted by WW1, and bankrupt bitches have a hard time paying back creditors. But soon after he died the Great Depression occurred.
A historical meta-analysis of the various (mainstream) economic histories present FDR and his gang of meritocratic academic immigrant stock as being routinely tough of Britain. That they drove hard bargains during the gold exchange meetings of the 1930s and was trying to liberate the US from British financial control. Probably bullshit, but the publishing houses must’ve liked the message.
I don’t have the expertise to answer that. My early 20th century knowledge is 1900-1930 especially regarding Britain is severely lacking
If I had to take a swing at it, I think You’d have to look at the Fed in different eras
It’s my understanding the Fed bankrolled the Brits significantly in WW1 and to the extent that the continuation of WW1 was good for the British empire is a point that would have to argued as well. I would say the British would of been better off if they had suffered a defeat even one with major concessions as opposed to what ended up happening to them w/Churchill and WW2 but that is all above my pay grade…
FDR was sweeping regime change, and that included multiple major restructuring to the Fed/Banking System and FDR regime was obviously anti-British empire
It’s a difficult question. I think you did have 1913 era WASP elite factions within the US that were either extreme anglophiles or vehemently anti-British. You see that dynamic play out in various US economic history books.
Micheal Hudson’s “Super Imperialism.”
Micheal Hudson’s “America’s Protectionist Takeoff.”
Ben Steil’s “The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order.
These three (and others) stress the point that before WWI, Britain was the world’s creditor while the US was the world’s creditor. Despite the US already being far more industrially developed. WWI caused the financial polarity to shift from London to New York. Steil’s book blames the 1907 Panic on the British pulling the capital rug from under the US stock market. So maybe the Fed was partially an economic weapon to break financial dependence from Britain. Or maybe more of a weapon against the Central Powers. (Germany, Austria-Hungary, Ottoman Empire.)
Anotha' Banga'! These convos get me hyped up about turbo America.
We need nuanced minds and as another former Libertarian who came through Ron Paul, supporting the Fed is a tough pill, but what are we if we cannot learn? And who knows, maybe the Fed was evil before and now can be a tool for our interests?
An even nastier pill might be that these recent wars COULD potentially work out in the US's interest. Don't get me wrong, I hate them both and think they are definitely driven by ethnic interests of revenge and land-grabs in both countries (The sephar-dicks and ashke-nazis each need a homeland!), but those people are embedded in the US and they want to win, so we might get side benefits. Russia is being weakened, although they may take territory, and a weakening of Russia has some global strategic upsides for the US directly and vis a vis China.
It will be an exciting few years and I appreciate you guys wrapping your arms around some of it.
The fed isn’t to be supported it s just that it was created to help the economy and it’s been taken over. So we don’t want to “end the fed” we want it to be taken over by the right people
There hasn’t been a war that was good for the American people in a long time and certainly all of them today are terrible. We want Russia to win
Do you think the Fed was basically doomed from the start with WWI inflation?
I don’t know enough about it I’ll pass these on to stormy
No it became doomed after Volker (another Anglo stud).
By the end of the 70s the infiltration of academia was complete and from there it spread to the Fed.
Until powell
Ha! Here I thought the towering Volker was Jewish. I’d daydream of him with Robert Reich on his lap during Washington D.C. economic meetings to help free up chairs for other bureaucrats. 🤣
Was this infiltration mainly in the form of ideological capture? (New Keynesian & Neo-Classical) or ethnic?
Ethnic
👍 Nice. Stormy
This is him at his best
Definitely not at my worst apparently.
Absolutely brother.
Holy shit I love Astral now.
Many are saying
VoxDay has contended for almost two decades that China (once) was a primary candidate for neo-Babylonian resettlement after the US economy blew up and hate against a certain ethnic minority became too widespread to be contained.
https://voxday.net/2014/07/24/out-of-frying-pan/
Often David Goldman (The Asia Times ““Spengler”) would make overtones about it in his articles and VoxDay would lampoon it. So years before the 2008 Financial Crisis it seems some important people understood Globalization was intrinsically unstable and hedging the bets of their ethnicity very hard.
Also, I don’t get the hate for China. They’re just playing the exact same game that the western powers played with it. The 1989 Tiananmen Square protests were basically a failed Deep State operation to overthrow the regime. Before Xi, “ClownWorld” had tons of Chinese officials under their control. It’s just now they’ve been largely purged from the CCP and sitting in jail cells.
Vox Day and I came to identical conclusions through entirely separate means of investigation and research. I don’t wanna be so bold. Say this proves either claim or his, as identical as they may be, but what I will say is out of all the other bullshit theories that circulate around our sphere, he and I we seem to have by far the most thorough truth. One way of testing theories, mathematics or theoretical physics you can reach the same conclusion independently through two or more methodologies. I.e. if I can prove through calculus what I can also prove through geometry.
Pleasure to meet you Stormy Waters. I wasn’t aware you had an account outside of Twitter/X.
But overlapping conclusions shouldn’t be all that surprising. I very much enjoyed reading VoxDay’s stories of traveling through Asia (mainly Japan) in the 1980s. I wasn’t even born yet and from recalling your own comments regarding your general age you weren’t that old yourself. But from that life experience he’s repeatedly kept tabs on the area and incorporates it into his articles. To establish any substantial evacuation contingency plan in the event of a financial collapse is best established well ahead of time. Seems the architects of global free trade do in fact have plenty to worry about.
I’m finally starting to get this!!
For nearly two decades Putin/Russia tried to get the US government interested in friendly or at least neutral relations; the answer, under the influence of the usual suspects, was two middle fingers. The Russian military response in 2022 was absolutely justified as security measure given the fuckery engaged in by NATO, etc al. Don't buy the idea that US engaged in Ukraine because of Russian involvement in destabilizing Canada.
You’re right, this is TOO GOOD to be behind a paywall, and as a paid subscriber, I don’t mind! 🥳
I do have a paid episode coming this week and it is hot fire
I remember this VoxDay article from 5 years ago. It details the power of fiat fart currency and how “money” can be basically pulled out of thin air via loans. I had no inkling of the Euro-Dollar system at the time (I still have many questions) but I did find this occurrence quite bizarre.
https://voxday.net/2020/05/10/mailvox-money-magic/
For those further interested in learning about the Euro-Dollar, Stormy Waters recommended Tom Luongo who first introduced Stormy to the concept.
https://www.youtube.com/live/PwRPJWS9OCY?si=ZmVqb7xRE78nLkdz
More of a Libertarian bent, but seems to provide great analysis of the feud between Yellen and Powell.
I’ve been DREAMING Stormy!! DREAMING ! RAMSTEIN base gets CLOSED! All US troops sent home all our equipment brought home i can’t imagine how many temporary bridges the military has that is going to be used in NC/TN while plans are developed to reconstruct and build bridges and roads that’ll withstand the next flood when the lord is sick of us.
Insha Allah 🙏🏼
I am so glad all of you enjoyed our conversation. I don’t remember much of it, was jet lagged stream of consciousness but it seems to have gone well.
We are in for a wild 2025
HH
Stormy talks about another Podcaster but I'm not sure who it is... dimes? Or something? Another epic stormy episode. Thanks!
Yeah “blood satellite”
Intriguing thinking; sure hope it is an accurate model of reality.
Also, what is the outro song from this episode? Really f'n bangin tune.
Song is “Golden Dawn” by Marvel ‘83
I don’t actually totally buy into Stormy’s predictions here and even if it comes true it will involve pain for regular people. I think he’s too optimistic. Still, it gets me hyped and refutes the paradigm that we are completely owned by the Js
Very appreciative you guys are keeping this forefront in people's attention.
I'm still listening to this, but one thing I'd like to bring to Stormy's attention (and hopefully discuss with him) is that the ECB absolutely holds gold, 900 tonnes if I recall correctly. Also, they mark it to market every quarter.
This provides a counterbalance to the EUR, and stability to the ECB, because if confidence is lost in EUR in terms of gold, that gold is revalued, and thus shores up their balance sheet.
Not saying this is going to save the ECB as they could well be levered beyond what confidence that 900 tonnes can provide, but assuming it exists, it's there. It may be enough to save them, delay the end, or it may make no difference, but it's not an insignificant amount. My DM's are open.
If I understand the portion of the show you’re referring to without out going back to check, I think stormy said JP Morgan holds 90% of the worlds gold, but they don’t, they hold 90% of Americas, and even that is actually in question bc it’s based on their own bookkeeping which contains some major anomalies that can only be explained by their own misleading bookkeeping. But I’m not even sure that’s what you’re referring to?
It's in the first 20min or so, he says the ECB doesn't hold any gold.
Now, maybe they *don't* have any (I'm not sure who audits them), but that's how much they have on the books as part of their reserves.
The European member states have gold, not the European central bank itself. Each member nation has its own central bank, obviously. That central bank. Into its reserves, US dollars. Gold, treasury notes, etc.. and then issues solving debt backed up by tax revenue for the payments of interest on that sovereign debt. That sovereign debt, like our treasuries, but gayer get given to the European Central bank and the European Central bank Prince euros, and the backing for those euros is the collective sovereign debt of all of the member nations in the European Union.
Which would be fine, except for the fact that unlike the fed, the European central bank cannot recapitalize itself and has no gold or cash, equivalent holdings itself. It relies on being funded by the European member nations every year.
Which would be also fine if it wasn’t for the fact that most of the European member nations are themselves insolvent.
A fact born out by the Euro/USD chart over the past 8 years,
First, many thanks for going on so many podcasts and filling in the blanks of Tom Lluongo's analysis, and exposing our guys to esoteric Christianity and the cognitive basis of reality (the second is absolutely way more important, but that won't be apparent until some time from now).
But, according to the latest press release by the ECB, they have gold and gold receivables on their balance sheet: https://www.ecb.europa.eu/press/annual-reports-financial-statements/wfs/2024/html/ecb.fst241231.en.html
Now, assuming that's true, the best I've been able to find out (secondhand) is they hold ~900 tonnes (edit: now 504 tonnes per FOFOA, it's been awhile since I paid close attention to that blog), and how much of that is gold receivables is probably impossible to find out without suing them or getting a leak. It wouldn't surprise me if most of that has been leased out.
But, so what? My guess is: Not much, in the end. But it's not totally insignificant. The following comes from my years of reading the analysis of Another https://web.archive.org/web/20190404074246/https://www.usagold.com/goldtrail/archives/another1.html FOA (Friend Of Another) and FOFOA. https://fofoa.blogspot.com/ I stopped reading several years ago, because of the lack of new, actionable information.
The TL;DR of those links is that in addition to anticipating the gold for oil agreement between the US and the Saudis breaking down (for a while they were shipping kegs of gold disks stamped with the US Treasury logo), the creation and breakdown of the subsequent petrodollar - the architects of the Euro also anticipated the revaluation of the world's reserve currencies against gold due to debt saturation. This is why they included a decent amount (504 tonnes) of gold on the ECB's balance sheet, *revalued quarterly*.
Revalued quarterly was the key, this allowed them to stay solvent if the price of gold was allowed to float freely, at much higher prices. This was "Freegold". This was supposed to be a major part of the EUR supplanting the USD.
The problem as I see it is, much like a lot of other plans laid for future generations, is the people implementing the plan are way more incompetent and wholly unsuitable to implement this plan (shocking, I know).
I think they're right, we'll get a freely-floated gold price, and pretty soon, which will have several effects:
Goldbugs will pop their $30-$50k/oz gold champagne bottles. Yay! Good for them. They waited long enough for it. Jim Sinclair never lived to see it, God rest his soul.
We'll find out if Lyndon Johnson sold our gold from Ft. Knox to pay for he Korean and Vietnam wars & the "Great Society", along with selling out our country. Rest in piss.
India will see reverse migration as a lot of Indians (who are serious goldbugs, proving no one is completely without redemption) will return to India to lord it over their fellow Indians as they will rather be rich in their own country than a hated lower-middle-class in this one or Canada.
Europe and the EU will take longer to die, as the gold on the ECB's balance sheet will help to keep the Euro alive longer, but without massive reductions in government, welfare, regulations, and a consolidation of European debt, the EU, ECB, and EUR will not survive. This assumes they haven't leased most or all of it out, in which case I expect the end to be a "rip your face off" event.
Individual European states re-emerge outside of the EU, re-establish their currencies using what gold they have, and begin the long, painful process of learning why you don't do socialism that way, and if you want to do it correctly, you need to do it the way very bad Austrian painter man did it.
Even if Ft. Knox is empty, the US still has plenty of other gold, and I believe they're planning on using gold, BTC, and maybe silver and oil as a strategic reserve to create currency against after the chaos that is to come, so I'm still long term bullish on America.
PS I have a proposal for you, of sorts. It's more of a neat idea than an investment (I expect you would get a nice financial return, but the real returns are much greater). LMK if it's OK to DM you about it.
PPS I could be wrong.
Yeah but his criteria for how much gold JP Morgan holds is the same: their own books
They control over 90% of the Bullion market.
I finished listening to the episode a 2nd time. It’s interesting to listen how Cold War tech investments payed off so well. Maybe had the Cold War continued into the 21st Century we would’ve had YouTube and 5G tech by 1998! 😂
But then again the chances of nuclear war maybe would’ve gone up as well. 😳 Thomas777 talked with Pete on how increased tech sophistication made the timeframe to prevent a potential nuclear exchange all the smaller. The systems themselves were becoming increasingly automated and a minor military clash could trigger a cascading geopolitical disaster leading to nuclear war.