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ECON Greg Hunter: Dark Dollars Propping Up Failing System – Rob Kirby - Important
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  1. #1
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    21 Greg Hunter: Dark Dollars Propping Up Failing System – Rob Kirby - Important

    Fair use . . .

    https://usawatchdog.com/dark-dollars...tem-rob-kirby/

    Forensic macroeconomic analyst Rob Kirby says few people have any idea how many “dark dollars” are out there. Kirby explains, “When you start talking about how many dollars there are in the world, nobody really knows. I would suggest to you the real quantity of dollars in the world is much greater than anyone imagines. A lot of these dollars are ‘dark,’ and they are held in the bowels of institutions like the Exchange Stabilization Fund (ESF). So, the world may be cruising along thinking the total number of dollars in the world is ‘X,’ but the true amount in the world, if you count the dark ones, might be three or four times ‘X’. This really means the money supply is much bigger than anyone understands or believes.” Kirby contends that the so-called “dark dollars” are being used to prop up the Treasury bond market. The ESF simply buys the debt and essentially hides it.

    Then there is the price rigging in the gold and silver markets. Kirby says, “To sell a Bitcoin, you must possess a Bitcoin. If you have one Bitcoin, you cannot sell 500 of them. That’s plain and simple. This goes for JP Morgan or Citi Bank or Goldman Sachs, they can only sell Bitcoin that they own. In the gold market, they can sell all the gold they want. They can sell gold that doesn’t exist and will never be mined.” Kirby points out this is how the big banks suppress the price of gold and silver.

    Kirby contends the U.S. dollar is a “rigged” game. Is it about to be knocked out by blockchain technology? Kirby says, “Absolutely. What the cryptos offer that the dollar doesn’t is decentralization. It’s the centralized U.S. fiat dollar and the dollar standard that requires everybody in the world, who wants to buy commodities in international markets, must first purchase U.S. dollars. Crypto currencies bypass the dollar and allow for transmission of ownership in a very rapid, cost effective manner. They bypass the dollar completely. What this really means is with the uptake and accelerated use of cryptos, countries will require less and less dollars in their reserve accounts to purchase the goods they want and need in the international marketplace. What happens when people don’t need dollars anymore? The dollars return home. They come back to America . . . which ultimately means inflation will come to America.”

    Kirby says people should be looking to buy gold and silver for protection because it’s still relatively cheap compared to the exploding value of some crypto currencies. Kirby explains, “When you look at the price differential between silver and gold, you see an ounce of silver selling for around $18, and you see an ounce of gold going for $1,340, and that means you would need to sell 75 ounces of silver to buy one ounce of gold. The ratio in nature suggests you should be able to sell eight ounces of silver to buy one ounce of gold. This tells me one of those two prices is very wrong. Either silver is too cheap or gold is too expensive. I don’t think gold is too expensive because I think it’s undervalued too. That leads me to believe that silver is insanely priced and probably the most underpriced asset on the planet. . . . I think silver will be going up in price much more than gold, even though gold is going to go up in price dramatically.”

    Join Greg Hunter as he goes One-on-One with Rob Kirby, founder of KirbyAnalytics.com.

    https://www.youtube.com/watch?time_c...&v=YJosBuIfqWI



  2. #2
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    Here's a video on how black chain technology works.

    https://www.youtube.com/watch?v=oSP-taqLWPQ


  3. #3
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    We have many technologists here on TB2K. I'm rather surprised there's not been any comments on this thread.

    Your thoughts on this?

    How would a free market (in currency and its use) gravitate toward a model using block chain to validate actual transfers of gold/silver, or other commodities?

  4. #4
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    Working in Ethereum to create the governance system for http://newcaliforniastate.com. So far lots of promise and big challenges on implementation.
    Tom Reed

    Ignorant and free has never been and never will be. Thomas Jefferson

  5. #5
    Quote Originally Posted by Hacker View Post
    We have many technologists here on TB2K. I'm rather surprised there's not been any comments on this thread.

    Your thoughts on this?

    How would a free market (in currency and its use) gravitate toward a model using block chain to validate actual transfers of gold/silver, or other commodities?
    Understanding the potential of the blockchain technology is one thing - it is quite another to ponder the impact such would have on the entire world, once the blockchain approach starts to mainstream - waaay too many potentially significant potholes and worse - to include "induced" wars - to offer much useful commentary at this early stage.

    Suffice to say that the blockchain tech has the potential to dismantle much of the power-blocks that run our world - assuming that "they" don't figure out a way to corral and control such to their advantage.


    intothegoodnight
    Last edited by intothatgoodnight; 09-13-2017 at 12:58 PM.
    "Do not go gentle into that good night.
    Rage, rage against the dying of the light."

    — Dylan Thomas, "Do Not Go Gentle Into That Good Night"

  6. #6
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    The state will not tolerate anything that threatens its fake-money monopoly. It will either co-opt or outlaw it. And that most likely includes gold and silver as well.

    https://www.youtube.com/watch?v=5hfEBupAeo4
    All Wars Are Bankers' Wars R/T 43:33
    The wonder of our time isn’t how angry we are at politics and politicians; it’s how little we’ve done about it. - Fran Porretto
    -http://bastionofliberty.blogspot.com/2016/10/a-wholly-rational-hatred.html

  7. #7
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    I have visions of a flying monkey with wings and a little red vest with gold braiding on it in a very dark, dingy back room cranking away at a machine which is printing out "dark money." He never gets tired because demons are like that.

    Buy food. Buy toilet paper. Forget the dollar.
    And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh. Luke 21:28

    Preparing a People to Meet Jesus

    Revelation 14:6-12


    Click here for a FREE book - Absolutely NO Obligation:

    http://www.3asdchurch.org/free.htm

  8. #8
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    just remember gold is money! central banks buy and sell gold not silver. silver is just like platinum an industrial metal. look at platinum. its been down lower than gold for sometime! stick with gold!
    ========================================
    DONT BLAME ME! IM NOT MY FAULT!
    the biggest thing that we have learned from history is that we haven't learned anything from history!
    Veritas vos liberabit

  9. #9
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    Buy food. Buy toilet paper.

    While you can...
    The wonder of our time isn’t how angry we are at politics and politicians; it’s how little we’ve done about it. - Fran Porretto
    -http://bastionofliberty.blogspot.com/2016/10/a-wholly-rational-hatred.html

  10. #10
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    Quote Originally Posted by buttie View Post
    Working in Ethereum to create the governance system for http://newcaliforniastate.com.
    As a former N CA Supervisor, I looked into chartered counties as did my predecessor and we rejected it. A few offices are elected (Supervisors, sheriff, district attorney, and assessor.) County Clerk, Treasurer, Auditor, Recorder can all be appointed. This removed direct accountability by the voters for those offices. There is also no state bankruptcy protection, as there is with a general law county. (Supposedly, the general law counties as a subdivision of the state default to state liability.) It is not like a city where you have a bit more autonomy as a municipal corporation and get to make your own laws as a corporation. You are still only allowed to pass laws more restrictive than state general law. It only effects the physical structure of your governing organization.
    "During times of universal deceit, telling the truth becomes a revolutionary act." George Orwell

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