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Thursday Conversation - Tom Coughlin & Andrew Maguire

36

We're now within 100 days of the full rollout of the Kinesis Monetary System. As such, it's a great time to visit again with Tom and Andy in anticipation of this launch.

Again, Kinesis is something completely different...a monetary system that is fully backed by 100% allocated physical gold and silver. Nothing like this exists in the world today and it has great potential to disrupt the current Bank-driven fractional reserve fiat system. If anything, as Kinesis grows, it will require higher and higher amounts of physical metal backing and this should place extreme stress upon The Bullion Banks and their schemes.

More info on Kinesis can be found here: https://kinesis.money/en/

Additionally, the second half of this podcast is a conversation with Andy where we discuss global gold demand trends and the impact these will have on price on 2019. Andy also asked that I post this link to an interview he gave on Bart Chilton's television program back in December.

Thanks again to Tom and Andy for their time earlier this week and we wish them all the best as the bring Kinesis fully operational in a few months.

TF

  36 Comments

  Refresh
Feb 15, 2019 - 8:42am

NO HIKE IN MARCH

No hike in June or September, either. Cuts coming, instead.

https://www.zerohedge.com/news/2019-02-15/us-import-export-prices-tumble...

Dingo
Feb 15, 2019 - 8:37am

A US accredited investor

I think the rule is that you need at least $1MM in liquid net worth. At least that's what I recall it being from back in the day.

DingoBlythesshrink
Feb 15, 2019 - 8:19am

The US accredited investor rule really sucks

I suppose it would be too difficult for most US Turdites to be Accredited Investors (whatever that means). We have sophisticated investors in Australia. Like most Aussies being really sophicated (big sarcasm font). Yes Blytheshink, I thought you might be the only other KVT holder in the village. Luckily, there's probably one or two more.....
Feb 15, 2019 - 8:08am
TurnerBlythesshrink
Feb 15, 2019 - 8:08am

Kvt

Thanks for the great explanation I think you did a better job than them

Also my I ask will you be buying ?

Cheers

Cable
Feb 15, 2019 - 8:06am

I bought KVTs when they were

I bought KVTs when they were on offer at -25%. Yields are still high even at 10% of Kinesis projections. Aim to mint some KAU and KAG when the door opens in March. There is an additional incentive for KVT holders who mint coins before the system goes live.

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Blythesshrink
Feb 15, 2019 - 7:33am

"Am sorry but I just don't

"Am sorry but I just don't get this token if the price of the metals up the token can still go down ?"

The KVT token is simply the initial fund raising mechanism to get the project off the ground. It promises perpetual yield based on a share of 20% of the transactional revenue from the system.

To justify holding its current $1000 price, then only a limited amount of gold would need to enter the Kinesis system (I think somewhere around 30 tonnes with a 7% velocity. 90 tonnes in the system would therefore triple the value of the token) - it's pretty generous. I think most people buying KVT are doing it for the yield though rather than capital gains on the token.

Blythesshrink
Feb 15, 2019 - 7:26am

Dingo - the other Turdite

Dingo - the other Turdite might be me as I'm in the UK and able to buy KVT; the US guys have to deal with that accredited investor rule which is a real pain. Just count yourself one of the lucky ones if the system takes off.

Once it launches though, US residents will be the first market to get the Debit card which is good news. The main selling point for gold holders around the world should be the 1-1 allocation of metal linked to no storage fees. Then you have the appeal to those who've not been able to buy gold before and the currently 'unbanked' etc.

I think once it's up and running we should see more Turdites on-board if only to leverage to the free storage. Whilst it's good to have physical in your own possession, it's also good to diversify by having some in storage outside of your own home and also out of your own country.

I wonder if KAU (Kinesis Gold) can count as a Tier 1 asset on a bank's balance sheet after Basel III - given it's fully allocated etc - presumably it can.

Orange
Feb 15, 2019 - 7:25am

Q

Chatter - Bill & Hillary’s ‘public’ health will begin to rapidly deteriorate.
Q

Be alert next 10 days.
FF attempts may be carried out in attempt to change narrative (neg optics).
High possibility of ‘multiple day’ coverage event forcing pause on news.
See something > Say something.
Q

You can read more at this link, however it takes me 10-15 seconds to load.

https://www.qanon.pub/

Turner
Feb 15, 2019 - 7:12am

Kvt

Am sorry but I just don't get this token if the price of the metals up the token can still go down ?

What am I missing 🙄

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Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

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