The Kinesis Monetary System

33

Today we have an update on the rollout of the Kinesis Monetary System, which utilizes physical gold and silver as its foundation. Please be sure to listen to this audio with Tom Coughlin, CEO of Kinesis and our old pal, Andrew Maguire.

We first featured this project back in March so if you need a refresher on what Kinesis is and how it could become a vital new monetary system all while depleting the available supply of physical metal for The Banks, please check this link: https://www.tfmetalsreport.com/podcast/8874/introducing-kinesis-possible...

The laying of the foundation continues so Tom and Andy stopped by today for this update. You can find more about Kinesis by visiting its website here: https://kinesis.money/#/ And here are a couple of snapshots of the homepage:

But as we stated back in March, Kinesis much more than simply a new crypto token. Kinesis brings the possibility of hope and prosperity to billions of people worldwide who have been impoverished by the current, debt-based monetary system. All the while, physical gold and silver flowing into Kinesis should provide an extraordinary stress for The Bankers' current fractional reserve and derivative pricing scheme.

So, if you'd like to participate, first do a thorough job of your own due diligence. If this seems interesting and if this fits into your own, personal risk parameters, then consider hitting the links to find out more information. Regardless, let's all hope that Tom, Andy and everyone else involved in Kinesis is successful in this venture as any help in defeating The Banks and ending their fractional reserve and derivative pricing scheme is greatly appreciated.

TF

  33 Comments

chrtoo
Jun 14, 2018 - 1:57pm

Thanks!

Something new to consider.

RickshawETF
Jun 14, 2018 - 2:26pm

Silver!

Numero dos!

streber
Jun 14, 2018 - 2:50pm
Marchas45
Jun 14, 2018 - 3:08pm

What The Hell! 4th

Lol haven't Done This In A While. Keep Stacking

Bohemian
Jun 14, 2018 - 3:24pm

Kinesis

Well, there is FATCA, of course, for the U.S. tax payers. So, no go for me. No crypto, no digital tokens or any other form of digital and institutional Mickey Mouse. ;-) Only gold, silver and currency in a direct/physical ownership, in any amount, is NOT reported to anyone. I have nothing to report here, nothing to report in the EU, being only the U.S. taxpayer. I like it this way.

BTW, just imagine a one-time windfall or wealth tax 10-50-80%, as IMF was suggesting already several times, right? That would be a disaster.

PS: It doesn't mean that I don't like Andy, of course. I wish him the best.

TF Metals fan
Jun 14, 2018 - 3:30pm

Congratulations Charlie!

This must mean the metals will take a different turn this time!

PS: apologies if it should have been Charly....

SS121
Jun 14, 2018 - 4:34pm

How about that Kinesis system huh?

My analysis is that the Kinesis system is a 100% joke and that nobody in these comments will participate in it or have the first clue how it works.

And that i will likely be called a jerk or worse because I always call B.S. on Andy and Tom's nonsense.

my advice: rather than enduring hours of blabbering, just asked the fellas "Who holds MY Gold in this new system of yours?" Then when they admit that they do, or start blabbering about rinse cycles and blockchains, hang up the phone.

Andrew Maguire used to sell "all the physical Gold going to China from London Vaults" stories. Then one fine Podcast day in his attempt to spread misinformation about another subject mistakenly went into detail about the Gold going to "China" being only warehouse receipted digital Gold. As is actually how it works. And those stories abruptly ended and now he's pushing... Kinesis? good grief.

Who holds the Gold?

Who sets the price?

If both answers aren't YOU DO, then somebody is trying to perpetuate the same dying system just from a different and increasingly ridiculous angle.

Rich9SS121
Jun 14, 2018 - 6:08pm

Gold and blockchain

Maybe a crypto backed by gold or silver would work if there was a 100% certainty that a certain ounce of gold or a certain ounce of silver is verified and completely accounted for on the bitcoin or ethereum block chain..I can't see how they could not give 100 public keys to the same ounce( in other words: hypothecate the same ounce) unless there would be a periodic audit of said ounce(s)..

Having said that, I believe that to have a truly decentralized block chain crypto market , we need a more neutral or (from nature) currency like Gold or silver...i believe that Bitcoin is now under control of the bankers and is subject to price capping and is of course attached to the hip to the US dollar

At least with gold or silver, even if it is indeed controlled by the bankers through comex, eventually because of physical demand from the use in the crypto market would overwhelm comex and Lmba .

This would kill 2 birds with one stone as gold would provide the crypto market with a truly decentralized reserve currency and at the same time possibly render the fiat money systems obsolete ..and send the price of gold and silver soaring...

Havenstein
Jun 14, 2018 - 6:29pm
SS121
Jun 14, 2018 - 6:44pm

Perhaps you could cite a few

Perhaps you could cite a few specifics regarding your concerns rather than simple ad hominem attacks regarding "misinformation"?

To that end, Tom often visits these threads. If you'd like to pose some specific questions, he'll likely stop by to address them. Maybe give that a go?

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Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
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Key Economic Events Week of 10/21

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9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
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9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

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