The first videos I saw of him included the discussion of his books ‘Empire’ and ‘The Pity of War’, but the one that hooked me to him was the video below in which he discussed the recent financial meltdown.

I soon discovered that he turned his 2007 book ‘The Ascent of Money: A Financial History of the World’ into a six-part TV series airing on Channel 4 in the UK and PBS in the US [youtube, torrent]. I found the series quite enlightening as episode 1 goes through monetary history, episode 2 discusses the bond market, episode 3 goes into stock market booms and busts, episode 4 goes discusses the insurance industry, episode 5 goes through the mortgage market and the recent bundling of them for worldwide sale, and episode 6 discusses the economic marriage of China and America since the 1990s, which Niall refers to as ‘Chimerica’. PBS has the series as a four-part series, as well as having an hour live Q&A webinar with Niall in November 2009 [download]. For those who may not have the time for the over 4-hour series, PBS has created a 2-hour edition, The Royal Society for the encouragement of Arts (RSA) has an 19-minute presentation as well as a 26-minute Q&A session (both seen below), and Niall does summarize the 6 topics of the series in an 8-minute summary during the webinar [13:29-21:33].

Niall Ferguson is an author numerous books including 3 books on The House of Rothschild, ‘The Pity of War: Explaining World War One’, ‘The Cash Nexus: Money and Power in the Modern World, 1700-2000’, ‘Colossus: The Rise and Fall of the American Empire’, ‘High Financier: The Lives and Time of Siegmund Warburg’, and is now working on ‘Henry Kissinger: A Life’. In addition to The Ascent of Money becoming a TV series, Niall’s books Empire: How Britain Made the Modern World [Channel 4, youtube, torrent] (prequal to Colossus) and Civilization: The West and the Rest [Paperback, Channel 4, torrent] were also turned into six part TV series. Empire has episodes entitled Why Britain?, White Plague, The Mission, Heaven’s Breed, Maxim Force, and Empire for Sale, while Civilization has episodes entitled Competition, Science, Property, Medicine, Consumerism, and Work.

Niall Ferguson isnt an Austrian economist but has bumped heads with Keynesian economist Paul Krugman and below you can see the two of them discussing what they think the United States needed in 2010 on CNN’s Fareed Zakaria GPS program.

During the visit I also got notice that Qatar’s sovereign wealth fund (Qatar Holdings) plan to invest $10 billion through buying stakes in gold producers, including investing about $1bn in London-listed miner European Goldfields. This reminded me of Peter Schiff’s visit to Saudi Arabia in 2009 for the Global Competitiveness Forum, when he was recommending to Saudi investors to purchase gold miner, so they have access to the gold that was being mined, rather than going into the market and using that same money just to purchase gold.

United Arab Emirates
Well on my return from Qatar, I got stopped after I collected my luggage, when it went through the scanner. I had a 50 ounce (1.5 kilo) bar and a 10 ounce bar of silver with me and they wanted to know what it was. So after I told them it was silver, they asked me what it was for and I told them it was my personal property and I wasnt bringing it as a dealer/trader. They then asked if I had a bill for it, which I said no I didnt as I had purchased it years ago and the two individuals went back and forth about it in Arabic. In the end they let is slide, but one of them stated just as i was leaving that it is best for my own safety that I keep the bill. This blew my mind as it implied that its not safe for me to carry around precious metals without a bill and there isnt a time when i can ever through away the bill. What I was holding was worth around 5 thousand dirhams according to the silver price that day, but if I had the same amount in paper money, they wouldn’t blink an eye as it would easily fit in my wallet and of course it wouldnt have shown up in the scanner either. This is the double standard with real money and paper money. When you go to trade your paper money for real money, they dont ask you where you got that paper money from, but when you want to trade your real money for paper money, they want a copy of your ID. Same scenario when you’re travelling, as if you had travelled with over $ 10k to the US or Canada in paper money, they want you to declare it, but if they had found an equal amount of gold with me, they would demand that you show them a bill and may confiscate it without a bill.

Yesterday I went down to the Gold & Diamond Park on Sheikh Zayed Road and visited the shops I recommended in the UAE guide and was happy to see that two of the shops now had 1 kilogram of silver bars as well as gold TT bars. I had a similar experience when I had recently visited the Ajman Gold Souq, as more and more jewellery shops began stocking gold bullion bars and coins. This clearly shows how the market is going and how the demand for precious metal bullion is shifting their businesses. At the Gold & Diamond Park, I spoke with the staff of one of the shops and was informed that due to the high premiums in PAMP, gold bars from germany’s second largest bank (Commerzbank) have began circulating in the market.

I have enjoyed listening and watching Jim and my favourite quote from him can be found in the above CNBC video, wherein he says [6:05] “The problem is, when you own gold, you are fighting every central banker in the world. Central banks hate gold as it limits their ability to print money. But the market is the market. The market will do what it wants. The central banks are not bigger than the market. … they are just trying to prevent an unstable decline of the dollar. What they want of course is a stable, steady decline.”

Those who wish to following Jim Rickards can do so through his twitter feed, video interviews, and audio interviews. A number of his most interesting King World News interviews I’ve heard have been about the US Gold Reserves and the Cancellation of the Gold Window.

Mike has setup two companies since he began investing in precious metals in 2003, one for the sale of precious metals (GoldSilver.com) and the other for the education of people about wealth cycles (WealthCycles.com). He’s not a precious metals bug, but instead is a cycles bug, as he believes that wealth can be continuously created in cycles and that the current wealth cycle is in precious metals. GoldSilver.com is one the largest online retailers of gold and silver in the United States and they have global delivery to 40+ countries by UPS or FedEx.

Mike Maloney produced an hour and a half long DVD entitled ‘Why Gold and Silver? An Afternoon with Mike Maloney’ in 2009, which is available in hard copy as well as on youtube, which is a great introduction to precious metals for those who may not be interested in reading his book. He recently added to youtube, a presentation he did in 2010 entitled ‘Debt Collapse – The Case for $20,000 oz Gold’, which is as good as the DVD and that is shown below.

Mike believes that we will have short term deflation involving the collapse of the currency supply, followed by hyperinflation by central banks printing alot of currency, as he had mentioned in his book, “In the end, I think we’re in for a wild roller coaster of a ride, with a few whipsaws thrown in. First the threat of deflation, followed by a [ben bernanke] helicopter drop, followed by big inflation, followed by real deflation, and then followed by hyperinflation.”

To see more Mike Maloney videos, please browse through his three youtube channels – Why Gold & Silver?, GoldSilver.com, WealthCycle – as they are full of great information.

At that point in time, I hadn’t figured out what the need for this was, but now know that this is one of the signs of inflation. As the 1 dirham coin began to purchase less and less, it was necessary to have more 1 dirham coins to carry round, so reducing its size is the best way to go. Before the 20 and 200 dirhams bills came along, there were no bills between the 10 and 50 or the 100 and 500, but as the currency devalues, its more convenient to hold two 20 dirham notes over four 10 dirham notes and what use to cost 100 dirhams is now getting closer and closer to cost 200 dirhams.

After learning that the US dollar has lost over 95% of its value over the last 100 years, I was curious to find out what the UAE central bank decided what the value of 1 AED was worth when it was established. When the first reminisce of the UAE Central Bank came into effect in 1973, it was setup in order to create a currency for the 2-year old nation and to replace the currencies currently in circulation (Bahraini dinar, Qatari riyal, and Dubai riyal). After the currency was setup in May 1973, fully backed by gold and foreign currencies, the dirham was worth 0.186621 grams of gold and pegged to the US dollar at 3.94737. So over the last 38 years since the UAE currency was setup, the dirham has lost over 97% of its value, as 1 dirham in 1973 is worth over 37 dirhams today.

As the UAE Dirham is pegged to the dollar today, any money printing (aka inflation) being created in the United States is imported here and as a result prices of things are going up. As the UAE central bank doesn’t disclose the amount of gold it holds in reserves, though many believe it to be negligible, its hard to tell whether they would be ready for the upcoming financial/monetary collapse and to de-peg from the dollar. In the GCC, Kuwait holds 12 percent of its reserves in gold, Saudi has 2.7%, Qatar has 2.3%, Bahrain has 4.7 tons, and Oman has none, while the states have historically maintained less than 5% in gold and instead have been heavily invested in US Treasury notes and bonds. With all the gold purchase by countries like Russia, China, Mexico, and India since the 2008/9 financial collapse, and Dubai being such a heavy player in the gold market in the region and Abu Dhabi having the largest sovereign wealth fund in the world, I am hoping the UAE central bank has a reasonable weighting of gold in its foreign reserves, if it didn’t before the collapse. I will continue to purchase gold and silver as it is not effected by US inflation and hopefully when the UAE de-pegs from the dollar, I wont mind converting my precious metals into dirhams.

Inflation in your Grocery Bag

Since the end of last year, I’ve known that food inflation was coming. And little by little, I’ve seen the prices rise on products like sugar, rice, etc., while other products have tried to hide inflation by reducing the product quantity or quality. My first encounter with inflation was with the large bottled water I use with the water dispenser, as they had upped the price from 3 to 5 dirhams, so now I take my bottles to the company’s location and get it at 2.50. I hadn’t bothered doing this years ago, though I knew I could get it for 1.50 instead of 3, because in my mind I thought it was a waste of time and gas. My next encounter was with 2-litre bottles of juice that I regularly buy. The grocery store nearest to me carries 3 brands of these 2-litre juice bottles and each of the brands did something different. Al Rawabi decided not to change the quantity of juice, so the price went up 50 fils. Al Maria decided to slim down their bottle and decreased it to 1.75 liters. Nadec decided to slim down their bottle and decreased it to 1.8 litres. Its possible that the companies have also changed their ingredient quantity in their juice, but that’s something that I wasn’t paying attention to. Other encounters include hidden inflation in bread, hidden inflation in custard deserts (125g to 100g), price inflation in sugar (2kg from 4 to 8 AED), price inflation with fruit yogurts (1 to 1.5 AED) and price inflation in soft drinks like Pepsi (1 to 1.5 AED). So as inflation continues, I have been advising people to purchase extra now for storage, as prices are only going to be going up.

Ron Paul has been in elected office for more years than I have been alive and has never changed his libertarian views regarding the constitution and the need for sound money (gold standard). He has run for president in 1988 and 2008 and will attempt his last run for president next year. His 2008 campaign has woken alot of people up in the US, with his ‘Campaign for Liberty’. I wish him the best and hope that he gets elected, but being a year older than John McCain, I believe they will use his age against him, but hopefully he will have a competent VP to shrug that off. Unfortunately, he wont be running for re-election in the congress next year, as he will be missed from doing the many entertaining exchanges with Federal Reserve chairmen, like the one below on July 13th with Ben Bernanke.

Here is part of the exchange starting at 4:30, which people have been raving about recently :-
Ron: The price of gold today is $ 1,580. The dollar during these last 3 years was devalued almost 50 percent. When you wake up in the morning, do you care about the price of gold?
Ben: Well I pay attention to the price of gold, but I think it reflects alot of things. It reflects global uncertainties. The reason people hold gold, is a protection from really bad outcomes, and to the extent that the last few years have made people more worried about a potential of a major crisis, then they have gold as a protection.
Ron: Do you think gold is money?
[strange 3 second pause by Ben]
Ben: No. Its a precious metal.
Ron: No its not money. Even though its been money for the last 6 thousand years. Somebody reversed that and eliminated that economic law.
Ben: Well its an asset. Would you say treasury bills are money. I don’t think they are money either. They are financial assets.
Ron: Why do central banks hold it?
Ben: Well its a form of reserves.
Ron: Why don’t they hold diamonds?
Ben: Well its tradition. Long term tradition.
Ron: Some people still think its money.

Ron Paul is a member of the Austrian School of economics, known to most by the Ludwig von Mises Institute and its various academics such as Murray Rothbard, Friedrich Hayek, and Lew Rockwell. I was introduced to Austrian economics from listening to Peter Schiff and Thomas E Woods Jr, and enjoy that the school believes in sound money.

Since the start of QE 2, I have heard from many people that I follow that QE 3 will happen. The first of which was Jim Rickards, who during an interview with Eric King of King World News believed that the FED would secretively do it using the revenue from maturing debt from its balance sheets. The next time I heard about the possibility of QE 2 continuing was during a James Turk presentation at the Sound Money Conference [38:43-41:23] in January 2011, where he displayed a slide from his presentation [page 80] that showed the correlation of the FED monetizing to the S&P 500 Index. The slide clearly shows that the stock market is being carried by the constant money printing of the private Federal Reserve.

I then heard from my favourite economist/investor Peter Schiff who believes that the US financial system would crash if the FED ends QE, which he first stated in the May 17th episode of his Schiff Radio show, where he said, “There was a period of time where people looked at weak economic data as a positive, because it meant that QE 2 would continue and the FED would not cut it short. Now, I guess that mindset isn’t there any more, people are thinking the economy is weakening, the FED is going to end QE over the summer, which means we are headed back to recession. … What I think traders don’t understand, is that Ben Bernanke is lying. QE 2 is not going to come to an end. In fact if it did, we wouldn’t just be headed for a recession, we would be heading to depression. We would be headed for bank failures bigger than 2008, which is the reason that I’m so convinced that it ain’t gonna happen. The market correctly understands the economy is slowing down, but they don’t understand just how dependent it is on QE 2 and how it will not just slow down, but fall off the edge of a cliff, if it ends. … As it becomes obvious that the economy is weakening, low and behold the FED is going to come out and say ‘Oh no! Who knew about this. I guess we are going to have to do QE 3’ or QE 2.0 or whatever they are going to call it, but its going to happen.” [2:48-8:20]

He then went on to say, “The problem is that if they [FED] started selling their [treasury] bonds, the value of their bonds would collapse and they couldn’t even sell enough. Because lets say they say that the bonds are worth par, we need to sell a trillion dollars worth of them. The minute they start selling them, they are not worth par any more. Maybe they are worth 80 or 70 cents and the problem is that when the biggest buyer becomes the biggest seller, the market implodes, especially for their mortgage paper [mortgage backed securities]. Think about all the toxic crap that the FED has bought up over the last couple of years, what happens if they try to sell it, whose going to be dumb enough to buy it. The only one dumb enough was the FED and that was because they didn’t care, because they just printed the money. … So the FED wont be able to sell down its balance sheet, because it wont be able to get any money for its assets. And that’s another reason to understand that QE 2 is not going to end. We have made a permanent commitment to endless money printing. That is why I think everything implodes. Now I do believe that at some point they might do the right thing, but they are not going to do it until there is massive economic pain, we are not there. I see no reason to believe that its not going to be business as usual at the FED, which is print, print, print.” [15:37-17:11] “The economy is slowing down. The economic numbers are getting worse and the FED is still doing QE. So what’s going to happen as the FED pulls the rug from underneath the economy just as it needs it the most. Of course it doesn’t really need it, … the bubble economy needs it, not the real economy, and so the markets are going down. … Maybe the FED is so stupid, maybe Bernanke and the guys up there are so clueless that they think they can remove QE 2, maybe they think they can. I don’t think they are that dumb. I think by now they gotta know enough to know that this economy is completely on life support and ending QE 2 is pulling the plug and the economy will die. … They care about maintaining the illusion through the 2012 election cycle and they will not do that if they stop QE.” [65:14-66:29]

As you can see in this CNBC Fast Money episode on the 26th of May 2011, Peter says, “The FED is going to do QE until there is a crisis. People have said that QE is like the training wheels, and now the bicycle is moving along on its own, and its time to take the training wheels off’. Well the FED knows that QE isn’t the training wheels, its the only wheels and they’re not going to take it off. The problem is that were bicycling towards the end of a cliff, we need to take those wheels off.” For more discussion about the issue from Peter, you can check the May 19th [4:52-9:27], May 20th [45:15-47:10] and June 10th [24:11-27:08] episodes of his radio show.

I then heard about QE 3 from Marc Faber when he said on CNBC’s Squawk Box, “We may drop 10-15% [in the S&P] and then QE3 will come, and QE4, QE5, QE6, QE7, whatever you want. The money printer will continue to print, that I am sure. … I think Mr. Bernanke doesn’t know much about the global economy, but he watches probably the S&P everyday. … Temporarily they [FED] probably stop to test the markets, how the markets react, but afterwards I would fully expect more quantitative easing. There is nothing else they can do actually. … Until very recently, the FED has had very few critics. … Over the last few months, alot of critical comments have come up about the FED and its money printing habits. But I bet you, [if] the S&P drop 20%, all the critics will be silenced and they would all applaud renewed money printing. Sadly, Sadly.” [4:14-9:48] So as the FED is the treasury bond buyer of last resort, with PIMPCO, China, and Japan not buying, the bond market would collapse if nobody else steps in to continuously buy up the bonds that the FED has been buying. The FED has been buying up 70% of the treasury bonds that have been issued during QE 2 and if they don’t continue with their money printing to buy government debt, the US economy will be in the toilet. So be ready for more debasement of the US dollar and keep buying the only non-debaseable money of gold and silver.

For those wondering where all the 600 billion dollars worth of new printed money went, Zero Hedge has recently come out with an article stating that it all went to foreign banks that had access to the FED through there branches in New York.

More Videos

Quantitative Easing Explained [7 mins] – Animated two bunnies discussing what QE is
Explanation of Fed Monetizing US Debt [7 mins] – Glenn Beck talks about it
The National Debt Crisis [8 mins] – Mini-documentary by VisionVictory
Fate of Gold and Silver in QE3 [3 mins] – TheStreet.com talks with David Morgan

News Articles

Prepare for More Money Printing: Analyst – CNBC
“The bond market is going in one direction which is up-falling yields which is telling you quite clearly the direction of economic travel is downwards. Downgrades. QE3 (a third round of quantitative easing) is coming,” said Maughn. “The bond markets are all smarter than us, and that’s exactly what the bond markets are telling me.”

Bill Gross: who will buy Treasuries when QE2 stops?
Bill Gross of PIMCO is concerned for the US government. To him, the big question is who will buy US Treasuries (i.e. lend to the US government) once the Federal Reserve stops buying them through its second round of quantitative easing (QE2). Previously, the Federal Reserve bought 10 percent of the Treasuries issued, foreign central banks bought about 50 percent, and the private sector (funds and banks) bought the remaining 40 percent. Now, with QE2 in full swing, the Federal Reserve is buying 70 percent of Treasuries issued in this period while the foreign central banks are buying the remaining 30 percent.

Peter Grandich on Manipulation
“I’m no fan of Bernanke, but at least he showed his cards right up front. When QE1 and QE2 were put in place, he openly stated on several occasions that it was his goal to put enough money in the system to get asset prices rising on the assumption that if the stock market rises a lot and people start to feel good, they go out and spend money, and companies have to hire people, etc. I certainly disagree with it, and I think we’re going to pay the price for all the money that he created.”

http://www.futuremoneytrends.com/dollarcrisis.html
“To note just a few, QE2 ending would cause a spike in interest rates, banking crisis, and inevitably a debt crisis that would lead to a dollar crisis. Unfortunately for those living in America, the extension of more QE, a QE3 will only delay the inevitable and actually make things much worse in the end. QE3 will signal to the world that there is no hope for the U.S. to ever manage its debt crisis, an admission that our economy is propped up by fiat magic money, and global price inflation will occur as a result of an increase in the global reserve currency.”

PIMCO’s Gross tweets Fed will curb Treasury yields
The world’s largest bond fund manager said on Twitter late Tuesday: “QE3 likely to take form of ‘extended period’ language or interest rate caps on 2-3-year Treasuries.” Gross, the co-chief investment officer of PIMCO, the world’s top bond manager, also said on Twitter: “Next week’s Fed statement will likely stress ‘extended period of time’ language or even a period of interest rate caps.”

Why the “Is QE 3 Coming?” Debate is a Moot Point Pt 2 – Zero Hedge
End of the…QE2 Program on June, 30 2011 – International Business Times
The Federal Reserve will not monetize the debt – Two Plus Two Poker Forums
The Federal Reserve Will Not Monetize The Debt? – The Market Ticker
China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills – CNSNews
Why QE2 Failed: The Money All Went Overseas – Ellen Brown / Huffington Post
It Ain’t Money If I Can’t Print It! – Peter Schiff

The reason why I decide to write about the issue of health slavery today, was because I stumbled on a documentary about curing cancer without the need of chemotherapy and radiation. The nearly 2 hour documentary is called ‘Burzynski The Movie – Cancer Is Serious Business’ and it was a real eye opener.

The documentary shows the struggle of one well intentioned man against the power of an industry, the basic David versus Goliath story. I have no doubt that Big Pharma (pharmaceutical industry), similar to any other industry, has played similar games with many individuals who have threaten their dominance in the market with a new type of medicine/drug or medical practice/therapy. With their endless supply of money, they can bankrupt individuals with litigation or with their influence, they can have your research or property stolen by the authorities/government. This is one of the exceptions that we are blessed to know about, wherein David was victorious.

I have seen various documentaries and films covering health slavery in food (We Feed the World, Food Inc, The Future of Food, BBC’s Future of Food, Supersize Me, Fast Food Nation, King Corn, Big Sugar), water (Blue Gold), water fluoridation (Professional Perspectives, The Fluoride Deception), bottled water (CNN, 20/20, Penn & Teller), soft drinks (Coca-Cola in India), vaccines (The Vaccine War, The Vaccine-Autism Connection), overpriced medicine (Sicko), cancer (World Without Cancer), and smoking (BBC’s We Love Cigarettes, Thank You for Smoking). One of the general themes that can be seen, is that corporations involved in health slavery prefer to have us addicted to their products in order for them to maximize profits. This concept always reminds me of a discussion of AIDs by Chris Rock in his 1999 standup ‘Bigger and Blacker’, where he says,

“You know why I don’t like doctors. Because they don’t cure nothing. Same diseases have been hanging around since I was a kid. What is the last thing a doctor cured? Polio. … Have you ever met anybody with polio. Anybody feeling a little polio around you. NO. … We got AIDs out there. You think they are gonna cure AIDs. NO. They can’t even cure athlete’s foot. They ain’t curing AIDs. They never curing AIDs. Don’t even think about that. They ain’t curing AIDs, as there isn’t any money in the cure, the money is in the medicine. That’s how you get paid. On the comeback. That’s how a drug dealer makes his money, on the comeback. … That’s like Cadillac making a car that last for fifty years, and you know they could do it. But they ain’t gonna do anything that dumb. They have metal on the space shuttle that can go around the moon, withstand temperatures of up to 20 thousand degrees, and you mean to tell me that they cant make an El Dorado that the bumper don’t fall off. They can, but they wont. So what they will do with AIDs, is the same thing they do with everything else. They will figure out a way for you to live with it. They don’t cure anything, they just patch it up. Get you to the next stop. So they can get more of your money. … Hopefully in our lifetime, you gonna see somebody say, ‘Yo man. You weren’t at work yesterday. What’s up?’ [and the person will reply], ‘My AIDs was acting up. You know when the weather gets like this my AIDs just pop up’.”

As you can see, the concept of corporate profits made by keeping customers coming back for more is not limited to the health industry. It can clearly be seen with Gillette, whereby they cheaply give away their razors because they make their profits with the blades or with Apple, when they come out with the iPhone or iPad, which the following year becomes outdated with the next release. The same goes for the automobiles, computers, printers, etc., which reminded me of a friday khutbah/lecture that I attended in 2011 about April fool’s, given by Dr. Abu Ameenah Bilal Philips, in which he said,

“And the whole industry, in the production, deliberately make instruments and products which are going to break and fall apart quickly, so people will buy more. The average car, which is sold, if they want, they can make a car, which will be virtually trouble free for 25 years or more. If they want. The early cars made by Ford, you could see them being used around the world, he made it back in the 1920s, turn of the century, you could see those cars being used 25 or 30 years later, the original model, still functioning well. So what happened to us. Now you are given a 3 year warranty, or a 5 year warranty. And what is that based on? When they put the car together, they will put in it certain parts, which are made from inferior materials. Plastic instead of metal, it is cheaper. And they test these parts. They have special machines they build that will test it, bounce it up and down, spin it around, all kinds of things. They will do to it, which will normally happen to it and they look to see, when will it break down. So they will make that part to last for 3 years. That’s how they do it. Deliberately. They could make it last for 50 years, but they make it deliberately to last for 3 years, so they give you that three year warranty. So know, that as soon as that 3 year warranty is up, things start going wrong. The 5 year warranty, other things start going wrong. Why is that known, common? Because its deliberately made in that way. This is a business strategy, you want people to buy more cars? Then you can’t have the cars lasting for 25 and 50 years. You need it to break down after for 4, 5, or 6 years, then they will want to buy another one. That way you have turn over, your profits are intact. This is business.” [26:25-29:43]

When the issue of health slavery in our food comes to mind, I always remember my elder brother who is a personal trainer and him being a vegetarian, as well being against products by Nivea, Colgate, Kellogs, etc. One of his statements that I wouldn’t forget is when he said, “I wouldn’t trust a company that sells things that are bad for me, to sell me things that are good for me.” He was referring to Cocoa Cola/Pepsi selling bottled drinking water, Kellog’s selling a healthy cereal, or Colgate selling a healthy toothpaste. After watching many of the food documentaries mentioned above, I see that chickens and cows are not being raised on farms in the best manner, which ultimately means that we are not putting the best type of food into our body. If people are on a budget, they are more likely to buy food that isn’t very good for the body and will fill the stomach, rather than healthy food that is good for the body because its expensive. I had a similar experience when I was younger, when I used to buy a large bottle of Miranda or Sprite (2.2 litres, AED 3.00) rather than buying fresh juice (1 liters, AED 4.00) because its was cheaper and had more in it.

When the issue of health slavery with vaccines comes to mind, I remember the swine flu (H1N1) scare that came out of Mexico in 2009, the same time I began to open my eyes. Every day we were hearing that so many people were dying here and there from it, but they couldn’t even differentiate whether a person had the regular seasonal flu from the swine flu, and then they came back later on saying that most of the people initially thought to have died from it didn’t. It was the funnies thing that I had ever seen. It was really sad that may people were forced to take it and that many governments were left with so many large amounts of vaccines that ended up not being used, but the pharmaceutical companies that produced that vaccines sure got their money. I’m happy that I had stumbled on a number of videos where doctors said their kids wouldn’t be take it (Dr. Oz on CNN) or that the vaccines is more dangerous than the virus (Dr. Kent Holtorf on Fox News). I personally am a strong believer that our body can fight off alot of diseases that are thrown at us, but unfortunately most people feel that the quickest recovery is always the best.

The basic rule I would like to get across to people is that you don’t have to believe everything you learnt in school, read in a book, or watched on TV, as it will not always be true, though they would like you to believe it is. I am very thankful to the many doctors and independent documentaries that come out for the benefit of people and the internet for making it easily accessible to us.

Below are clips produced by the GoldMoney Foundation, featuring Max Keiser, James Turk and Pierre Jovanovic, as they discuss the two fiat collapse in France in the 1700s.

In his recent 16-minute appearance on Bloomberg, Marc discussed the market ups and downs since 2009, quantitative easing (QE), stock market outlook, overseas issues (China, Libya, Pakistan, Europe, Middle East), China outlook and bubble, US real estate market, new tech bubble (Linked In, Facebook), upcoming social unrest in the United States, US outlook, false US inflation rate (CPI), recently added US jobs, effect of money printing on the US economy, and finally his investment advice. The most enjoyable thing I heard was, “If the US goes into recession, what will happen to tax revenues? They’ll collapse. Then the deficit goes up automatically and that has to be financed with money printing. So Mr. Bernanke will be very busy.” [14:13-14:30]