What is the Real Danger?

Looking at today's headlines, whether mainstream press or alternatives such as zerohedge and the other terrific independent blogs, instantly creates an imminent sensation that the world is in turmoil, to say the least.  No one can rationally debate that point.  I write this following Robin Williams' death by suicide, and I want to try to have a conversation about some things that we just do not address too much here in this space.  No, it is not a sappy piece, or a political piece, ala Rush Limbaugh.  Nothing of the sort.  Let's look at it from a different angle.

But, let's drill down and do what I love to do: let's compare things for perspective.

On one side of the globe, we have the traditional Western Civilization.  It is beyond dispute that such civilization is governed by central powers, ostensibly selected through independent and legitimate voting of the citizenry, resulting in policy debates between the titans and their ilk, whether government or banking, each clashing for dominance.  At its core, banking, through fiat paper currency, is the critical institution.  Without it, power disperses to the people.  Control of the banking has resulted in control of the masses.  Again, this point cannot reasonably be debated.

Now, let us contrast this with the rest of the globe.  

In the developing world, which many will agree is generally comprised of those places other than Europe and North America, perhaps parts of Asia, such as Latin America, Africa, and as well, parts of Asia, and the Middle East in particular and eastward in general, those parts of the world are just not at the same stage of progress as is found in Western Civilization.  This point is what defines the difference for our comparison purposes in this thought exercise.

Now having these two conceptually different societies in mind, let us ask some questions.  One comes readily to mind: which society is more dangerous to an individual from the perspective of shortened life expectancy?  

That necessarily requires a definition of dangerous.  Dangerous as I use it means anything that unnaturally shortens one's lifespan, whether physically, mentally, or otherwise.

Western Civilization:

There are tons of statistics and data.  Go on a quest and read if one wants to fall asleep.  Here is one source:


What is the number one killer?

Here are the others: 

  • Cancer: 576,691
  • Chronic lower respiratory diseases: 142,943
  • Stroke (cerebrovascular diseases): 128,932
  • Accidents (unintentional injuries): 126,438
  • Alzheimer's disease: 84,974
  • Diabetes: 73,831
  • Influenza and Pneumonia: 53,826
  • Nephritis, nephrotic syndrome, and nephrosis: 45,591
  • Intentional self-harm (suicide): 39,518

But, I noticed some things were missing.  What are the number of deaths from war or war related mental distress?  What about drug overdoses, or drug abuse (from illegal drugs or otherwise)?  What about homelessness and death caused from abusing one's body as a result of being homeless?  

Looking at the list, physical trauma (accidents and intentional self harm) accounts for ten percent of the deaths, on a rough estimate, while diseases of the body and mind are the overwhelming causes of death.

So we have advanced in the Western Civilization to the point that we don't die off as rapidly as our predecessors did, or from the same physical trauma-related reasons, but is our modern lifestyle equally dangerous to our longevity as the physical trauma-related causes of death were to our ancestors?

What about the third world countries, or the developing countries?  Is it better to have a functioning electric grid, only to die from cancer from the PCB's used in generating the power?  Is the fast-paced nature of modern civilization overstressing the capability of the body to handle stress to the point that disease and mental instability result?  Where is the balancing point?

I write this post as we are approaching the end of the Keynesian experiment.  Clearly, the world is becoming more hostile.  People are dying, from atrocious, unspeakable horrors, and the world is now witnessing the onset of a new global pandemic, that does not discriminate, Ebola.  How can the health care providers fall ill at an ever-increasing hyperbolic rate and yet those in charge say all is contained?  Is this the same "containment" that Bernanke referenced when he said that subprime home loans were contained?  

It is time to ask piercing questions, and not accept the trite, status quo responses from those in charge.

We see first hand news accounts of the militarization of the police forces, ironically in Ferguson, MO, of all places.  We need only look and listen, and realize that this that we see and hear could be our very own communities when there is a spark of anger that flashes into community outrage.  

Things are not "contained."  Western Civilization is not "recovering."  We are only completing the trajectory set into motion in 1914.  Pay attention.

Things are converging rapidly.  The spread of untreatable disease.  War.  Initiation of hostilities in formerly, supposedly, "mission accomplished" former theaters of war.   Radical, violent extremists, openly antagonistic, without shame or fear, taunting those in the west.  How could this be if all was contained?

So, back to the initial question: which society is more dangerous?  

In classic lawyer-speak, well, "it depends."

I am so glad that Chris Martenson wrote his fantastic piece.  Thanks to Mr. TF for letting us all share it. He lays it out pretty well.  There is the hegemon, and there is everyone else.  Those that have resources, are at risk, meaning those people in places where the hegemon seeks to take resources, best be wary.  The hegemon will not invade, no, far from it.  They will come bearing gifts, IMF, loans, US multinational corporations, all there to take resources.  Understand that, and do not stand in their way, for they have drones and other implements of danger.  Those that have energy, they can exist peacefully, so long as they never, ever, not once, threaten to turn away from the US dollar.  Keeping that in mind, the people of those energy-rich countries are just pawns, and have no real choices.  For them, stay out of the way, and live a simple, long life.

For everyone else, in the western civilization, well, about the only thing one can do is be vigilant.  Mental challenges will overtake even the best of us.  Physical ailments, whether heart disease, or diet-based problems like diabetes, high blood pressure, etc., will all take their toll, too.  So, get ahead of the problems, and try to avoid them.  Study, learn, ask questions, be a contrarian, politely, and, in keeping with our mindset of being prepared for the end of the Keynesian experiment, under no circumstances draw attention.  

For anyone I see, I tell them the following things, in no particular order, but in a manner in which I believe they are receptive to understanding, without scaring them:

(1) Get healthy.  Eat better foods, eliminate fake foods, at all costs.  Go Paleo.  I did, for the past two years, and have never felt better.

(2) Eliminate big pharma.  I take NOTHING.  Not even Advil.  Nothing.  At.  All.  Nada.  How can that be?  Well, I do not drink alcohol.  That for me was a major life choice, and one I HAD to make out of sincere moment of honesty.  For me, it was an EASY choice, one I made repeatedly for many years but finally just had enough to say enough.  I don't smoke, and I find no use for intoxicants at all.  Since I eat Paleo, I need NO drugs of any kind for heart condition, high blood pressure, etc.  I have reset all my genes, and am back to the normal, natural way of life.  Good, healthy food choices are essential.  It all starts there.

(3) Seek balance, in all areas: physical, mental, and spiritual.  Enough said there, I hope.

(4) Seek financial security, not financial wealth.  Chasing wealth to chase wealth, is deadly.  Seek financial security in the form of food, shelter, family, and let the rest take care of itself.  Keeping up with the Jones' only leads to shortened life expectancy.

(5) Share.  I mean both physical goods, and knowledge.  Develop a network, and grow the network into a group of like-minded, healthy friends and associates. 

(6) Eliminate negativity.  Lose the bad friends who are dragging the situation down.  Stop spending time with that loser family member who is a mess.  Find new friends to replace the losers.  Seriously.  Stop watching television.  For real.  One's mental health improves dramatically, almost instantly.  

(7) Find an outlet for stress of modern living.  Exercise, read, sit and contemplate, heck, shoot targets or steel.  It matters not.  Find a hobby, and dive in.  An outlet is essential in this modern age.  Prepping is both and outlet and a cause of stress.  Find some thing else besides prepping.  The more outlets one has, the less one needs to be plugged in all the time, and the less one ends up worrying.  Stress decreases exponentially at first, when one finds the proper outlet.  I run ultramarathons.  It is very relaxing for me, but that sort of physical undertaking is not for everyone.  Duh.

(8) Give back.  This is different than sharing.  Giving back means one does it anonymously.  That is enormously enjoying, and destressing all at the same time.

(9) Stop worrying.  Human beings adapted.  We will continue to adapt.  If shit hits the fan, we will adapt.  Relax.  Heck, come to my place.  I will hook you up with some chores, and we will see how much energy you have left with which to worry!

(10) Find a purpose.  Stop working, and instead conduct ones' self with purpose.  Paying bills to support a family is purposeful.  That is to be commended.  But, working on a Saturday, and missing one's kid's ball game to generate a report for the boss on Monday is wasteful.  Either get it done during the week, or get a new job.  Work with a purpose.  

Stay under the radar, acquire useful skills and materiel, and prepare accordingly. 


Spartacus Rex's picture


(1) Read The Creature from Jekyll Island!

Cheers, S. Rex


Strongsidejedi's picture


Ohhhh i need more silver!

Hondo's picture

Nice piece cal lawyer


Athol Mcbean's picture

psychic income

Is a large Part Of overall mental health as important as any other INCOME. Everyone needs something to love. HavinG recentLy retired and living alone, I aquired  my young dog Max from animal rescue.  Just keeping up with this wonderful bordercollie has changed my life for the Better. What a joy he is.

infometron's picture

How is this for a stack?

Behold, the Bank for International Settlements in Basel, Switzerland

images (2)

Well, not quite in Basel, Switzerland, as it, much like the Vatican, and the City of London, is an independent entity beholden to no nation... The apex of the Western World

"There is the hegemon, and there is everyone else."

Spartacus Rex's picture

So CaL

Re: ultra marathon

Quite possibly you have heard of Jim Fixx, yes? When was the last time you had your heart checked?

R U familiar with Linus Pauling PhD & his regimen to prevent /reverse the probabilities for a heart attack?

Cheers, S. Rex

Spartacus Rex's picture

Washington Post Statement on the Arrest of Reporter Wesley Lowry

August 13 at 11:13 PM

Statement from Martin Baron, executive editor of The Washington Post, on the arrest of reporter Wesley Lowery in Ferguson, Mo., on Wednesday.

“Wesley has briefed us on what occurred, and there was absolutely no justification for his arrest.

He was illegally instructed to stop taking video of officers. Then he followed officers’ instructions to leave a McDonald’s — and after contradictory instructions on how to exit, he was slammed against a soda machine and then handcuffed. That behavior was wholly unwarranted and an assault on the freedom of the press to cover the news. The physical risk to Wesley himself is obvious and outrageous.

After being placed in a holding cell, he was released with no charges and no explanation. He was denied information about the names and badge numbers of those who arrested him.

We are relieved that Wesley is going to be OK. We are appalled by the conduct of police officers involved.”


Spartacus Rex's picture

The Inevitable Death of Financialization...

Are There No Hard Limits on Financial Finagling?   (August 14, 2014) 


Spartacus Rex's picture

Peter Schiff & Jim Rickards Video

Spartacus Rex's picture

Too Big To Jail Banksters which Own The Fed...

have now counterfeited enough fiat currency via QE to give themselves the highest record 2Q profits in over Two Decades (40 Billion +)

Fed Cover-Up

The Fed is Helping Banks Profit


Also interview @:


ata's picture

I'm the kinda guy who likes to roam around

152276 600 Back to Iraq cartoons It's everybody's business to know when I'm in town, they call me the wanderer  - yeah the wanderer - I roam around and around and around and around and around!

Spartacus Rex's picture

Paul Craig Roberts:

ggnewmex's picture

Great work Cal

Your ten points are so very true.

For me, having a relationship with the Lord and Jesus make all the difference. I understand others may not like this, however, for me, that is when my perspective changed. Now, while I still fight those "demons" of materialism, I understand so much more that leaving a lasting legacy is the only thing that matters. When I drive around and see old, abandoned houses and businesses, I cannot help but think that once there was life there. Now, it is just decay. This is so emblematic of life. Money and possessions come, and they can go so quickly.

However, it is within the context of faith, and a truly significant legacy, that peace and contentment comes.

It a person finds contentment in life, THEN, they will find happiness. Happiness is a gift.

Great article and perspective. Thank you for sharing


murphy's picture

RIP Robin Williams

Fantastic article by David Simon who later wrote The Wire. Here is his story of his first meeting with him from his very first Homicide  segment he wrote. This is the second half..... but read the link first for the full scope of the man.


He smiled for just a moment, but followed the P.A. back downstairs to the set, where the grips and gaffer were still lighting. And then, suddenly, it happened. Nothing specifically to do with the dollhouse horror show, or even the fact that we were filming in a working morgue, but instead the arrival of Mr. Levinson, the executive producer, set him off. I wish I could remember the sequence, but there is no way in hell:

It began, I think, with something about Barry arriving as a mohel to circumcise the cast and crew, replete with an imitation offered up with Hasidic accent, then lurched into a string of jokes about how reluctant crew members could opt for an antemortem autopsy downstairs if they didn’t want to be so fixed by Mr. Levinson. There was a segue into all the other morbid Baltimore locales that would be featured in the episode, and all of the ghoulish degradations that would be endured by the crew, following by some savagery about the film caterer and then some banter with Mr. Belzer, who tried to hang for a few bon mots. But no, Robin Williams was firing all rockets, leaving earth’s orbit. I can’t remember all of the sparks of comic synapse, the absurd connections, the twisting journey from one punchline to the next.  I have a specific recollection of him announcing Mr. Levinson’s new NBC drama as “The Pope and Judy,” a warm-hearted romp that would make everyone forget that depressing mess about murders in Baltimore: “He’s the supreme pontiff of the Roman Catholic Church; she’s an adorable puppet.”

And then a mock-Italian voice, as a pope tries to fellate a falsetto-voiced puppet — the comedian’s left hand — with a communion wafer.

You had to be there. And, yes, I know that the phrase is used to connote moments that are less humorous in retrospect, but with Mr. Williams the live-wire volatility, the no-net comic gymnastics was part of the allure. If you were there, and I was, then you could scarcely breathe from laughing so hard and so long. The crew stopped working, forming a semicircle around him. Word went down the hallway and out to the trucks. More people rushed in to catch the shooting sparks, so that the entire production came to a halt as Robin Williams, quiet for days in the role of a grieving, wounded man, finally exploded. He was soaring for at least another five minutes before Mr. Levinson gave the slightest nod to his watch: We were losing the day.

Mr. Williams caught the look from the producer and ended the impromptu routine abruptly, with an awkward smile. His breathing was labored, and he looked to be genuinely embarrassed by his demonstration as cast and crew applauded with warm delight before returning to work. But it seemed that the actor had gone there as much for his own needs as for the audience, that he had come back downstairs from the dollhouse of the dead, readied himself to shoot another painful scene of grief and guilt, and then, in manic desperation, reached out for as much human comedy as ten minutes will allow.

I last saw him in the hallway, using the few remaining minutes before filming to face the wall and reacquaint himself with whatever horror he was trying to channel. He was sweating, too, as if it had taken all he had to rise to that warm summit and provoke such laughter. To my great surprise, his face was that of an unhappy man, and I retreated, saddened and surprised by the thought.

His performance in that Homicide episode was brilliant and thorough, and when broadcast, the ratings assured that the NBC drama would run another five years. Yesterday, after the news broke, Jim Yoshimura wrote to me his sadness and reflected on the fact that he would be a starving playwright now or worse if not for Robin Williams. Me, I’d be on a newspaper copy desk somewhere. David Mills, too, would have departed this vale as something other than a dramatist. All of our lives turned because a very rare and talented man came to Baltimore for a week and a half to film a television episode.

I know it’s of little moment compared to his greater achievements, and it matters not at all now to his friends and family, to those who knew and loved Robin Williams and held him close. But I for one am deeply grateful, and today, despite myself, I can’t help but think of that last, hard moment, alone, in the morgue hallway.

Strongsidejedi's picture

@California Lawyer - Suggesting additional items

After seeing the wall-to-wall coverage on CNN, Fox News, and MSNBC this morning of the police firing on the media in St. Louis, MO, and then going into a McDonald's to arrest two Washington Post reporters, it might be a good idea to stay away from local law enforcement wearing body armor, machine guns, flak jackets, and helmets riding in armored personnel carriers.

Apparently, if you live in an urban area where the FAA posts a no-fly zone, there might be fireworks at night and a Tiananmen style police state descending upon the civilian population.

Also, it might be a good idea to live in a nation where the federal law actually backs the right to bear arms and it might be a good idea to not suppress the First Amendment right to peaceful assembly.

It might also be a good idea to not shoot reporters trying to do a live feed, no matter if the story is going out on Fox News, Al Jazeera, BBC, or any other international news outlet.

SE's picture

May I suggest...

"Invading the Sacred"


It gives you an insight into what is wrong with western civilization from a religious perspective...  Christians will love this.

tyberious's picture

Despite Obvious Fed

Despite Obvious Fed Intervention…

Jim Rickards made headlines today with an interview he did with Peter Schiff in which he claims that the gold held by the Fed is leased out several times over but is still sitting in the Fed vaults.  If that’s case, Jim, then how come the Fed won’t allow a physical audit.  If the Fed is going to perpetuate and legitimize a lie, at least show us the bars.   Sorry Jim, you’re propagating misleading information once again (see my comments below)…

The silver uptrend holds:


The Fed and the big banks who are undeniably engaged in trying to hold down the price of gold and silver on a daily basis now, are having trouble getting silver to die.   The reason:  India and China have been buying physical silver hand-over-fist:


The graph above from The SRSrocco Report shows the stunning 90% drawdown of  physical silver from the Shanghai Futures Exchange.   I can guarantee you that the amount of silver reported as being held by the big bank depositories on the Comex is probably in a similar state of condition.

Think you own silver when you own SLV?

More on Rickards’ disinformation:

Everyone knows the market is manipulated and the U.S. gold bars are all leased out. Nothing new there. But he’s trying to make us believe the bars are still in the vaults.

Sorry, they’re not. If the bars were in the vaults, the Fed would at LEAST add “credibility” to its cover-up by releasing bona fide physical audits.

Here’s the questions I want Rickards to answer:

1) Why won’t the Fed at least allow an audit – a physical count and random assay of the bars supposedly in the vaults? It could EASILY do that without revealing whether or not the bars have been legally hypothecated/leased.

2) Germany wanted to see its gold – it requested a viewing. Supposedly Germnay’s gold is being held in 9 vaults. But German officials were only permitted to see gold in ONE vault. Why, Jim?

Please address those questions. Once again Rickards is feeding the world misleading information.


tyberious's picture

The IMF, the SDR, and the

The IMF, the SDR, and the Dollar: One Big Happy

Gary North - August 13, 2014
Printer-Friendly Format

The SDR is a fake currency issued by the International Monetary Fund.

It was invented in 1969, the first year of the Nixon administration. It was a stop-gap measure to save the fixed exchange rate system of currencies, which came into existence in 1946, when the 1944 Bretton Woods system was implemented.

A fixed exchange rate is a government-imposed price control on currency prices. It cannot survive. No price control system ever does. This is the heart of the matter. When you think "fixed exchange rates," think "price control."

The controls never worked well. There were devaluations. But they were always overnight operations -- denied by government officials right up to the devaluation.


Bretton Woods was a bureaucrat-engineered Rube Goldberg system. It was developed mainly by a Communist agent in the Treasury, Harry Dexter White. This Soviet connection was denied by liberals for over 60 years, but a book by an economist with the Council on Foreign Relations, Benn Steil, has settled the issue. Here is the CFR's review of the book. In April 2013, the CFR's journal, Foreign Affairs, ran article by the book's author. The article was titled, "Red White."

White thought that capitalism would collapse within a decade. He thought the USSR would become the dominant economic power. The IMF was White's way to make the transition. He thought it would fail, and said so. The Truman administration therefore ignored the IMF. Steil writes:

Truman's State Department effectively mothballed the fund, dismissing the assumptions that had underwritten White's earlier belief in it: that Soviet cooperation would continue into the postwar period; that Germany's economic collapse could be safely, and indeed profitably, managed; that the British Empire could be peaceably dismantled; and that short-term IMF credits would be sufficient to reestablish global trade. These assumptions had been based on "misconceptions of the state of the world around us," Dean Acheson, Truman's final secretary of state, later reflected, "both in anticipating postwar conditions and in recognizing what they actually were when we came face to face with them. . . . Only slowly did it dawn upon us that the whole world structure and order that we had inherited from the nineteenth century was gone and that the struggle to replace it would be directed from two bitterly opposed and ideologically irreconcilable power centers."

In short, the IMF was correctly seen as a useless bureaucracy. It still should be.

The Bretton Woods agreement was an extension of the gold exchange standard, which was a bureaucratic replacement for the full gold coin standard. The full gold coin standard ended in the fall of 1914, when Europe's governments all stole the depositors' gold in each nation's commercial banks. Then each government had its central bank inflate to help pay for the war: taxation by inflation.

The gold exchange system was cobbled together at the Genoa Conference in 1922. The system rested on this asssumption: the convertibility of two major currencies into gold. Two nations stood behind this: Great Britain and the United States. It was a government-to-government arrangement. Great Britain defaulted in 1931. It went off the gold coin standard: 1925-31. The U.S. defaulted in early 1934: it henceforth demanded $35 for an ounce of gold, not $20. It stiffed the world's governments. It had already stiffed the American people, whose gold it had confiscated, beginning the previous April: Roosevelt's Executive Order 6102.

In 1969, the U.S. government was about to stiff the world's governments again -- big time. They had bought Treasury IOU's on the assumption they could get gold at $35 an ounce at any time. On August 15, 1971, Nixon unilaterally closed the gold window. The rest of the world now sat on Treasury IOU's that were no longer backed by gold.

It still does.


In 1969, the fixed-rate system was coming apart. Britain's devaluation in November 1967 was the biggie. There was too much monetary inflation in Britain. Prices were rising. The fixed rate of exchange could not hold. Britain was running out of dollars to hold up the pound's international value. Finally, the government gave up. It devalued.

Next, it was the United States' turn.

Lyndon Johnson was fighting two wars, both of which America lost: the war in Vietnam and the war on poverty. He lowered marginal income tax rates in 1964 to 70% from 99%. He refused to raise taxes. The phrase was popular: "guns and butter." By 1969, there was price inflation. There was also a run on the federal government's gold supply, because foreign governments demanded payment, which they could do under Bretton Woods. France was the main "culprit." The U.S. Treasury was experiencing a classic bank run.

Here was what the International Monetary Fund did, according to Wikipedia. It created a new fiat non-currency, the SDR.

Special drawing rights (XDR - aka: SDR) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). The XDR is not a currency per se. It instead represents a claim to currency held by IMF member countries for which they may be exchanged. As they can only be exchanged for Euro, Japanese yen, pounds sterling, or U.S. dollars, XDRs may actually represent a potential claim on IMF member countries' nongold foreign exchange reserves, which are usually held in those currencies. While they may appear to have a far more important part to play or, perhaps, an important future role, being the unit of account for the IMF has long been the main function of the XDR.

Can SDR's replace a major currency? No.

Special drawing rights were created by the IMF in 1969 and were intended to be an asset held in foreign exchange reserves under the Bretton Woods system of fixed exchange rates. 1 XDR was initially defined as 1 USD, equal to 0.888671 g of gold. After the collapse of that system in the early 1970s the XDR has taken on a far less important role. Acting as the unit of account for the IMF has been its primary purpose since 1972.

The IMF itself calls the current role of the XDR "insignificant". Developed countries, who hold the greatest number of XDRs, are unlikely to use them for any purpose. The only actual users of XDRs may be those developing countries that see them as "a rather cheap line of credit".

One reason XDRs may not see much use as foreign exchange reserve assets is that they must be exchanged into a currency before use. This is due in part to the fact private parties do not hold XDRs: they are only used and held by IMF member countries, the IMF itself, and a select few organizations licensed to do so by the IMF. Basic functions of foreign exchange reserves, such as market intervention and liquidity provision, as well as some less prosaic ones, such as maintaining export competitiveness via favorable exchange rates, cannot be accomplished directly using XDRs. This fact has led the IMF to label the XDR as an "imperfect reserve asset".

Another reason they may see little use is that the number of XDRs in existence is relatively few. As of January 2011, XDRs represented less than 4% of global foreign exchange reserve assets. To function well, a foreign exchange reserve asset must have sufficient liquidity, but XDRs, due to their small number, may be perceived to be an illiquid asset. The IMF says, "expanding the volume of official SDRs is a prerequisite for them to play a more meaningful role as a substitute reserve asset".

So, SDR's are not a currency. They were never intended to be a currency. They are accounting assets that can be exchanged for one of four major currencies by central banks. They are temporary stopgap majors used by governments to delay the day of reckoning: their refusal to supply a handful of foreign currencies on demand. They slow "bank runs" on national treasuries, but not for long.

The SDR is tied to the dollar. "Due to fluctuating exchange rates, the relative value of each currency varies continuously and so does the value of the XDR. The IMF fixes the value of one XDR in terms of U.S. dollars every day."

Richard Cooper, an economist who has taught at Harvard and Yale, has been a high-level advisor for 50 years. He is a member of the Council on Foreign Relations, the Trilateral Commission, and the Aspen Strategy Group. I would have to describe him as well-connected. In a speech honoring the Bretton Woods' 70th anniversary in May, he said this:

I cite this background to indicate that I have been a supporter of what became the SDR from the beginning, and also of increasing its role in the international monetary system. I consider myself one of the many grandfathers of the SDR, and have nostalgic feelings towards it. If I had a magic wand, I would transform all of today's official foreign exchange and gold reserves, beyond working balances, into SDRs. As indicated below, I would also enlarge the capacity of the IMF to issue SDRs, and engage in regular and as needed irregular issuances of SDRs. . . .

As I indicated above, I would prefer an SDR-based international monetary system. But we have no magic wand to bring it about. It would therefore have to be negotiated by governments, and the negotiations, we know from past efforts to negotiate changes in the international monetary system, would be difficult and likely contentious. Would the gains from shifting to an SDR-based system exceed the costs, given the many other issues on the international negotiating agenda -- climate change, non-proliferation, international financial regulations, and the future of the trading system, to name only four -- and the limited capacity of leaders to handle many high-level issues at once? I do not know the answer, but even to ask the question suggests doubts.

In 1974, I heard him give a speech at the Committee on Monetary Research and Education. He predicted that, by 2010, there would be a new international monetary order. He is older now. He knows better.


There are a few people who think the IMF's SDR's will replace the U.S. dollar. I suggest that you ignore such speculation. Something may replace the dollar someday. It will not be the SDR.


Nana's picture

So Much Going On

I have wondered if Robin Williams was into erotica? Belt around the neck, who knows....but he had 4 movies that are to be released this year so I think "money" was not an issue....

As I watch martial law unfolding in nearby Ferguson and reporters being targeted along with an alderman by militarized forces, it is truly frightening. The "officers" have broken their oath, they are totally out of control.......

Dr Jerome's picture

Another thought provoking post

Thank you CA Law. Your advice about finding a hobby that is NOT prepping is priceless.

ag1969's picture

In Today's The World is Upside Down Moment...

...if you want to know how suppressed silver is in Today's world, ask yourself this, if you had one thousand fiat ponzi coupons burning a hole in your pocket which would you choose?

A) 50 ounces of silver

B) (4) 24 oz. Steaks

Keeping in mind that Silver is on sale due to a criminal conspiracy to suppress the price, and the Steaks are on sale due to Costco's seeming generosity; although it is $55 more if you are not in the club.


Either prices are very distorted, or I am just really out of touch with how awesome wagyu beef is.  I will take a local grass fed steak and the 50 oz of silver.  My biggest fear is that if I actually ate a $250 steak, I would probably take a dump into a glass jar and save it on the mantle like a trophy.  Oh yeah, that is from when I ate like a banker for one night!  And Of course, you know, you can't eat silver.

Strongsidejedi's picture

St.Louis PD attacks TV media

California Lawyer,

Do we have provisions in California state law to limit the ability of local law enforcement agencies to attack the press when clearly the press is working to cover a situation?

Isn't this assault and battery on the TV media people?

This should be criminal because they're attacking the media with physical means to force the media off of public streets.

The video actually shows the police not only shooting the TV crew with some sort of tear gas.  The video apparently shows the police rolling to the position with a SWAT armored unit, jumping out of the armored car, then the police physically attack the camera position, disassemble the lighting, and tilt down the camera so it can not be photographed.

Then, when the police realize they were video taped by another camera crew, the police apparently go after the KSDK crew and instruct them to leave and force them to cancel their reporting from the field.

I can not recall a more violent and heavy handed suppression of the media in our lifetime. It looks more like Moscow and the KGB, Gaza strip-like, or Donetsk.  But, it's St.Louis.

I can't believe what I'm seeing here.



KSDK airs raw video tape of the Al Jazeera America crew getting attacked by police.

The video not only shows the camera crew getting shot at with some sort of gas.

A "St. Charles Regional SWAT unit" is seen to roll up to the camera position.

Three police officers with drawn automatic weapons then jump out of the SWAT unit, dismantle the lighting gear, and then tilt down the video camera.

Later in the raw video footage, police officers attack the video taping camera crew.

The camera crew says, "we are fine."
But, a police officer then says,  "We don't want you here".

Then, you can hear the camera crew calling the station and informing superiors of the orders ("our live shot is cancelled"  "we have to pack up and move").


The police are not in a position to tell the media when they can video tape and when they can not.

Pattaya7's picture

Asia, the facts about silver.

I just returned from Hong Kong and I can tell you it's very difficult to buy silver.

Singapore is somewhat easier, from what I understand.

Gold Is sold in bullion form Several locations.

No ID required if you purchase less than 20 ounces.  I inquired about silver and was told that only one place had silver for sale.  But no one seemed to know much about how and where.

Silver is virtually unheard of here in Thailand unless you buy jewelry.

Investment silver is just not to be found on the retail level. Without some serious investigation.

Those are the facts.

treefrog's picture

paleo diet

fresh fruit and bacon!  now if i can only find a way to raise bacon in the greenhouse with the mangos and avocados.

also pineapples, guavas, papayas, bananas, and of course, coffee!

H8Fiat's picture


No worries, seems to be plenty of PM's here in US.  They sell it by the ton even if they loose money doing it.  Miners seem to reflect this as well as shown with all the red on my screen.  They must have to shovel the stuff back into the ground as it seems with the robust real estate market the dirt is more valuable.

I miss Thailand but hope to go again soon.  Too much Baht burning a hole in my pocket.


stephanie's picture

not all TV is bad - some suggestions for better television

Great list of suggestions, but TV is simply a tool to transmit content. TV is not inherently bad - it is the content you choose to consume.

I de-stress frequently by watching "comfort TV" - like Murder She Wrote or Touched by an Angel. Or some cheesy show from the 1980s like Knight Rider. And there are some great shows from today I love, including Sherlock and Once Upon a Time. Also, Signed, Sealed, Delivered from Hallmark (by the Touched by an Angel creator) is very humorous, touching and inspiring.

I learn things by watching PBS's "Create" channel - cooking, gardening, and crafts. Create TV is a prepper's dream, and you don't need cable to get it.

I do not spend a lot of time watching dark, pornographic television content. This is why I am not watching Game of Thrones, even though it might normally be something I would enjoy. From what I understand, there's too much torture and pornography in it for my tastes.

I do have exceptions for well-done, thoughtful shows, like Breaking Bad or The Walking Dead. But I can only take The Walking Dead in short doses.

And I would never waste my time watching Hollywood gossip shows.

So watch TV if you like, just be mindful of what you watch. :-)

SilverRunNW's picture

@Spartacus Rex

Did you know that when you place a web link in your posts, that there is spurious characters (%C2%A0) at the end of each link,  making the links erroneous when trying to open them up?  Just thought you might want to know.

Well, at least sometimes.  Your post linking the article from "OFTWOMINDS" wouldn't open because of this and I've noticed it on prior post, but not all.

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