The Kinesis Monetary System

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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-monetary-revolution

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's picture

Thanks!

Something new to consider.

RickshawETF's picture

Silver!

Numero dos!

streber's picture

Kudos to Tom & Andy

:)

marchas45's picture

What The Hell! 4th

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

Bohemian's picture

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's picture

Congratulations Charlie!

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

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

SS121's picture

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.

http://static.tvtropes.org/pmwiki/pub/images/snakesalesmancrop_8328.jpg

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.

Rich9's picture

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's picture

GSR chart ripped from ZH

2018-06-14_12-20-15.jpg?itok=OaURHZj7

Turd Ferguson's picture

Perhaps you could cite a few

MODERATOR

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?

mvd200's picture

Kinesis

I think ABX and Kinesis are legit and this has my support.  Precious metals with no storage fees and a yield attached — worth considering for part of your stack. 

SS121's picture

specific questions for tom, ok, but he didn't even answer yours

I had several very nicely worded questions for Tom YEARS ago when he was promoting ABX as the soon to be online physical-only Gold exchange that was going to disrupt everything currently offered in the Gold community.

He never answered any of my questions because I asked for specifics about where the gold would be and how it was accounted for as i recall.  Come to find out, also as i recall, it was little different then current Phyzzless exchanges.

Turd you asked several questions in the podcast-  Can you cite one Question in this interview that you asked and received a straight understandable answer to???  If so, please point me to the timestamp so i can hear it.

--- 

or...  Tom:  Where is the Gold held?

Tom: Do you realize that USD transactions also carry physical Silver and Gold with them?

Tom:  Are your transactions actually USD transactions as your currency will be USD valued?

Tom:  Do you realize that the USD is the World Currency Standard and that the Global Gold Market is 100% USD valued and that other currencies are only exchangeable for Gold based on their USD exchange ratios?

- - - -

As for Andrew, his Physical to fiat "Gold to China" story creep was discussed openly when noticed here years ago..   all the "agent Andy" stuff, remember?  

but ok,  Question for Andrew:  Please tells us specifically about the Gold going to London from your stories in years gone by.  Was it Physical Gold or Fiat "warehouse" gold you were referring to in "massive tonnage" terms?

i. can. do. this. all. day. long. and. they. are. not. going. to. like. it.

Montross515's picture

Fact check

Yesterday I suggested those interested in money check out the 15 minute chart on Kirkland Lake Gold. This is an Eric Sprott company and known to this group thru Turd’s Friday interviews.

The July 20 calls were up 31.25% today—- that is 24 hours. I only have $10,000 of those as expiration is only 36 days in the future.  But since KL was up another forty cents to $20.40 all the call options were up a lot.  My October 30s were up 360% just today.  It is reasonable safe to put big money in options in October since it is 127 days in the future.

As they always say, this is not investment advise. Do your research and place your bets based upon your own thinking. My information is accurate; check it out based upon my post last night. Look at that 15 minute chart and be prepared to see some down days. 

bvg's picture

SS121Where’s the failing in

SS121

Everyone should take a cynical view I guess. This industry seems to have a fair share of used car salesmen on every corner.......Where’s the failing in the model as discussed in the blueprint?

RickshawETF's picture

I don't get it . . .

Most people here in Turdville love gold and silver.  Some love cryptocurrencies, also.  There seems to be some desperation to link gold/silver with cryptocurrencies, to create some Franken-currency that solves all our problems.

Ain't . . .

gonna . . .

happen . . .

Why?  The nature of the Beast!

Physical gold and silver are the ultimate "decentralized" money, even as governments "centralize" it (think Ft. Knox, the Federal Reserve Bank in New York, the Bank of England, etc.).  While governments hoard it, it is [much more] widely distributed by individuals.  I imagine the ladies in India wear more gold (gross tonnage) than any of the Central Banks of the world . . .

Since cryptocurrencies are the "ultimate" decentralized asset (they don't even exist on the physical plane!), linking them to the most de-centralized monetary asset seems logical -- until you consider that in order to link the two, gold/silver must be centralized.  As soon as you physically move the gold/silver to some location to "back/support" the value of the cryptocurrency, you centralize it, and introduce risk that diminishes the value of that gold/silver, which is backing that cryptocurrency!  Having a cryptocurrency backed by gold is a fool's errand, until we figure out a way to eliminate the need to pool/hoard gold in order to "back" that cryptocurrency.

Until then, talking about "backing" a cryptocurrency with gold/silver makes about as much sense as backing your stack with Smith & Wesson -- oops, my bad!  That makes perfect sense . . .

DC's picture

Enrolement

The one thing I did not like was they ask for your birth certificate during enrollment!!! NOT GOOD!!!!

onesong's picture

Is this really leading to a gold standard?

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Donald Trump's "Madness"

Thursday, 14 June 2018

Hugo Salinas Price

Way back in 1995, when Mexico was in the throes of another financial crisis, I figured out the problem of the existing world's monetary system, based on the paper dollar as the fundamental currency of the world.

In my ignorance, I did not know that a man named Triffin had already pointed out that problem, which became known as "Triffin's Dilemma".

The problem is really very simple:

If the dollar - such as it is - is going to be the basis of the world's monetary system, and therefore required by all Central Banks as Reserves, there is only one way that these CBs can obtain those Reserves: their countries are forced to undersell all US producers, in order to be able to sell more to the US, than they buy from the US. The difference between the dollars they get from sales, is more, than the dollars they spend to buy from the US. That difference - known as the US Trade Deficit - flows to the CBs of the world and swells their Reserves.

So if Mr. Trump wants to cut down, or even ideally abolish the Trade Deficit, that would mean that foreign CBs would have to find it much harder to obtain dollars for their Reserves. Mr. Trump apparently does not want to have foreign CBs use dollars as Reserves, by making it very difficult to obtain those dollars - which they can only get if the US runs a Trade Deficit.

What that great world monetary system based on the paper dollar has done to the US, was quite unexpected: it consists in obtaining foreign goods by tendering paper money in payment, something that is fundamentally fraudulent. And that fraud has come back to haunt the US, quite unexpectedly.

The unexpected result of Triffin's (or "Hugo's") Dilemma, has been the de-industrialization of the US, as the world geared up to undersell all US producers wherever they could do so, in order to obtain the indispensable US Dollars.

Mr. Trump is wildly alienating all the rest of the world, with the threat of Tariffs in order to reduce the Trade Deficit. What he does not understand, is that the Trade Deficit is built-in to the US economy, because the world´s CBs need Dollars for their Reserves: that is the System.

There is one way, and only one way, to do away with the Trade Deficit and renew the productivity of the US: abandon  the present International Monetary System (derived from the original Bretton Woods Agreements of 1944) and return to the gold standard.

There are no "Trade Deficits" under the Gold Standard, because all countries have to pay Cash Gold for their imports, and collect Cash Gold for their exports. Result: Balanced Trade. No Trade Deficits.

A question in the back of my mind: Is Mr. Trump's "madness" really leading to the Gold Standard? Is that what he really wants? Because if he continues to undermine the present US Dollar as the World's Reserve Currency, by making it impossible for CBs to obtain Dollars through the US Trade Deficit, that would appear to be the likely final outcome.

DC's picture

ENROLEMENT

The one thing I did not like "at all" was they want your birth certificate during enrollment!! No thanks!

Markedtofuture's picture

REALIST NEWS - 3 Amigos and a special Guest

JSNIP4, Bix, and Clif High - includes the collusion and manipulation of the crypto market.

comments...Skip ahead to 33 mins for cryptos if you don't care about C60.

Blythesshrink's picture

I've purchased a few KVT and

I've purchased a few KVT and am part of the Telegram group that Tom mentioned in the podcast - all I can say is that I've read the blueprint in detail numerous times, discussed with some pretty knowledgeable people in that Telegram forum and am very happy with where this is going.  The ABX exchange is fully audited so I believe the metal will be there to back the product; it's also very clear from discussions with Tom that he's quite genuine in wanting to help end the paper manipulation and if the Kinesis coins weren't properly backed, then it wouldn't really make a blind bit of difference.

I can also tell you that having read and considered the blueprint so many times that the system has been specifically designed to suck in metal from the existing gold market - e.g. both allocated and unallocated gold storage - and provided we have the demand for the actual Kinesis coins, then it should feed on itself. The extra demand for physical will force prices higher, which in turn will create more gold and Kinesis demand etc.

Due to Kinesis being backed by an already working and allocated gold exchange, plus the connections that ABX has in countries outside the West, then I think it has an advantage over its competitors; especially once you factor in the potential to pay a yield.

The initial minting of Kinesis coins is due to start in Sept, although as is the nature with getting technical projects off the ground, I'm quite prepared (half expecting) for a glitch to delay things slightly. Once that initial minting begins, you're looking at a lot of extra physical demand. For example, £1 million (sterling) by the calculations I did, can be recycled through the minting process to produce 1000 tonnes of physical gold demand; there's plenty of us in the Telegram group aiming to mint coins in the ICO phase. The catch is that for the minter to keep recycling (converting gold to Kinesis, selling, buying more gold etc) there needs to be demand for the Kinesis coins themselves, but the potential is there for big demand. That is why Andrew Maguire is quite patently struggling to contain his excitement right now.

Blythesshrink's picture

I signed up to buy KVT with a

I signed up to buy KVT with a screenshot of my driving licence with no problem - no birth certificate needed.

Hillsie's picture

Monkey Hammered

Now thats what i call a real hammering.......

Hillsie's picture

And then some.......

Roll up, roll up, take a guess where she’ll end up, down we go, lower and lower, where she stops nobody knows.........

mavens's picture

MOTHER.....

FUCKERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

I KNEW I SHOULD HAVE SOLD MY USLV.

YukonCornelius's picture

Gains dissapearing like a fart in the wind

SOS

Bohemian's picture

Oh my...

They are really cooking! :-)

Poundwize's picture

God It's Hard ...

to remain positive. So fucking hard.

MrOnline's picture

Two options

Cry or laugh. Trying to make sense of it will make you go crazy. Feelings of 2013 are coming back, but this time I`ll laugh. It is so ridiculous!!!! HAhaha it is so stupid. Here we sit year in and year out looking at charts and trying to make sense of it all and than this shit happens. hahhaha 

CONSTANTINE's picture

Wrong attitude

Forget the charts!!  Forget the historicals!!  Concentrate on why the two monetary relics of gold and silver are being so egregiously manipulated.

Constantine

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