#0: Meet John Doe - 1941 movie - Barbara Stanwyck, Gary Cooper, etc.

 

Once in a while, an old movie comes along and tells a story that has a tremendous message for people of these times. Meet John Doe is one such movie. It's characters are similar to many we see today; journalists who are out for nothing more than as much money as they can get paid, a media that is capable of shaping public opinion, deep state operators working from behind the scenes to use political movements for their own purposes. Watch this one with today's news in mind. You get to see the remarkable performances of Barbara Stanwyck, Gary Cooper and Walter Brennan. BTW, take a look at the life and career of the real Barbara Stanwyck. Yes, she fell for Ayn Rand too. We have covered who the real John Galts are in society, the pillars of society who know how things work, whose work benefits all of us. We have also noted those who are John Doe and Jane Doe in society, the common people of the general public who work hard and long to make things work. This proposal is aimed straight at all of them. 

 

For those who might think that I have this website running on automatic and am not actively promoting it as best I can, just look at how the hypothetical value of the proposed international standard value unit or Valun changes. None of that is automatic. I put all those numbers in on a regular basis. You will hear plenty of offers to acquire bitcoin, gold, silver, etc. ALL of that belongs to THEM. The money in your wallet belongs to THEM and if ever THEY want it back, THEY have sufficient power to call back all of it. The so called six thousand year history of gold as money is a story of SLAVERY to THEM! It's a way to look backwards and see that the ruling classes, who usually contribute NOTHING of value to society have used precious metals, hey all of THEIR money, including the STOLEN FIAT varieties, to enslave the world in debt to THEM. Understood? This is about FREE PRIVATE ENTERPRISE for ALL as the only way out from under THEM and out on our own. Be aware and be safe. Best.

#0: BOMBSHELL: This is EXACTLY WHY Silver & Gold Will EXPLODE Many Multiples HIGHER!! - SGTreport

BOMBSHELL: This is EXACTLY WHY Silver & Gold Will EXPLODE Many Multiples HIGHER!! - SGTreport

[10/16/20: ATTENTION LADIES AND GENTLEMEN.  An instance of infamy that I will leave up here anyway.  It was never YOU Tube.  It was always THEM Tube.  Just as THEIR money is never really your money.  The report referenced here is no longer available because the OWNERS of the platform have decided to censor the contents and deliberately block any site THEY determine, for whatever reasons.  THEY are not interested in truth, THEY would prefer that you accept THEIR lies.  So be it.  I have not checked, but there may indeed be many other articles referenced by this blog which are no longer available for the same reasons.  All THEY have done is to prove THEIR deceit, conceit and fraud and it will catch up to THEM.  Perhaps this channel, the SGT Report, will return, perhaps not.  This is war by other means, a war to the death; THEIRS.  We easily make the prediction that these actions will result in the demise of YOUTube, Facebook and possibly even Google.  Be seeing you.] 

Now ladies and gentlemen, this is a really well done report about news that is of interest to anyone who is serious about the subject of money.  What would students of this blog notice immediately about their reporting?  They assume that THEIR money is our money!  THAT is where they begin to be misled.  The reporters, fine and expert as they sure are, haven't tried to consider the present monetary order as an outsider would; as one who has been inside and has seen the flaws, etc.  So what can we learn from their report?

Well how about this?  Have any of you heard of hypothecation?  Hypothecation occurs when an asset is pledged as collateral to secure a loan, without giving up title, possession, or ownership rights, such as income generated by the asset. However, the lender can seize the asset, if the terms of the agreement are not met.  

Sound dodgy?  You bet.  Yet this practice was at the root of all the great bubbles down through history, including all the most recent ones.  They were and are used to raise money and they sure do, but often as not, the underlying asset value collapses, because deflation is actually more frequent and problematic than inflation and lots of other basic observable facts that one never hears discussed by economists of any of THEIR dialectic; either Keynes and his followers or the so called Austrians and theirs.  Someone like E. C. Riegel is distinguished for being one among a few down through time who have seen straight through THEIR schemes.

So as far as we are concerned in the proposed Valun exchange network of independent exchange communities, all hypothecation schemes will be against our rules and anyone found practicing them will be cast out, probably forever.  This could result in your loss of real value too, because there is no right to approximate in THEIR money what is represented in ours - we can't ever give you dollars for our Valuns.  If we could do that, we'd be a money laundry.  OK?  This is going to be a PRIVATE enterprise business, so all who contract with us will have to abide by our rules.  

You see, there's a lot more to money than what the circulating tokens happen to be made of.  THAT - the so called intrinsic value of money - is among THEIR oldest scams throughout human history and its proponents constantly LIE about the origins and history of so called gold or silver backed money to perpetuate the scam.  Check what's usually stamped onto most coins; pictures of potentates or insignias of states.  THEY own it, not you.  You just get to use it, or rather your local government FORCES you to use it because you have to pay taxes using it. 

As we have said, you can go back to ancient times, like ancient Babylon, and of all the cuneiform tablets they find, made of baked clay, most are accounting slips for transactions that identify certain people or accounts.  MONEY IS IN THE ACCOUNTS AS WELL AS THE TOKENS USED.  THEY would certainly prefer most people didn't know that, but it's true. 

Is it easy to cheat at accounting to steal money?  Are you serious?  It's been going on since forever and the chief engine of that sort is USURY, the rent for money from money that was never issued, so it isn't on any of THEIR books.  USURY demands that everybody using whichever brand of THEIR money, compete in that economy to get their hands on enough of the extra money needed to pay off the interest.  A musical chairs economy is guaranteed as not everyone can be in business because there isn't enough money.  The money for all the principal created exists, or does until depreciation of assets sets in, but the money for the interest never is.  People have to compete against each other for it!  Our proposal eliminates all of this.  To find out how, do more reading of articles on this blog.

The death of money in depreciation of assets disproves standard commodity theory of money and casts doubt on the soundness of ALL THEIR brands of economics.  What happens when assets depreciate and you can't sell them for what you bought them for?  The difference between what you originally paid and what you must sell the item for disappears from your account and is gone forever.  Depreciation of assets is LITERALLY the death of all money, because it directly affects the accounting for money and THE ACCOUNT BOOKS, in whatever form, is where all the money actually resides.

Right now, the proposed international standard Value unit is increasing in value against the US dollar and actually against the precious metals as well, because once a new larger piece of purchasing power is accepted as the initial inception value, to represent the Valun, that piece of purchasing power cannot be diminished at all, ever!  That's a new concept to some, but that's how you DEFEAT all commodity based money once and for all - and secure growth in purchasing power for our money - and avoid all the overtly intentional motivations of economists and all others in THEIR financial community to scam THEIR customers, beginning with governments.

Read Riegel and then ask why we should have ever allowed any of our governments to have the right of first purchase of anything.  We should not have, but we didn't know any better now, did we?  Sure, stack that silver and gold if you feel like it, but THEY can take it from you at any time by FORCE and for whatever they decide to give you in trade.  How do I know that?  Because it has happened many times before and proves that all precious metals belong to THEM, not to you and me.               

So remember about hypothecation.  It's where you take an amount of something of presumed value - an asset which could be a business - and turn it into shares of ownership in the asset and sell them for money.  Yes, hypothecation is a means of raising money.  It is also widely used in the securities business, whether you are dealing in equities or debt.  Hypothecation is used in "taking public" any business, though we hear secularization or syndication or some other term used.

There's something better than all of THEIR money and a lot more honest and worth pursuing than ANYTHING of THEIRS. Your first lesson in observation when it comes to money is to recognize what does belong to you and what doesn't.  If you are required to use something that you don't believe in, like for instance a Federal Reserve dollar, then the only reason you are using it is because you agreed?  No, you had no say in it at all.  Try telling your boss that you'd prefer to be paid in silver instead of dollars and see how well that goes.  No, you didn't choose.  So why pretend that something that belongs to someone else actually belongs to you?  Free range slavery is what we have right now everywhere.  Wake up!  Recognize your gifts, what YOU can accomplish by yourself or with others, and THAT's all the "gold" you ever need.  Look into this proposal.  Consider how it works and how you would set yourself up using it.  COPY AND DISTRIBUTE PAPERS FROM THIS BLOG WIDELY TO ANYONE WHO HONESTLY PRIZES FREEDOM.  It's going to be time for serious action to bring this proposal into being fairly soon.

Best

#0: TWENTY-SECOND VALUN INCEPTION POINT REACHED

PNG image showing the price of gold over the last 6 months.  This chart will change with the price of gold and will be updated by goldprice.org

 Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.55 to $2.59

NOTE: There is no such thing as a Value Unit (Valun) either as a trading vehicle or a circulating currency. These estimated values represent the results of an experiment only.

On 6 August, 2020, the price of gold closed above the close on 5 August, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 21^st inception period have now been raised 4 cents American to $2.59. Henceforth, no Valun will ever trade for anything less in US dollars. 

A word about what the proposed Valun is. The proposed international standard value unit is like a unit of measurement, like an inch, a mile, a cubic centimeter, a fluid liter, an astronomical unit. The Valun measures value in a barter transaction; trade, for any and all goods and services, serving as the medium of exchange.

Since the Valun is a unit of purchasing power rather than the total of all Valuns that could be in existence or all Valuns that could be circulating as money, there is no speculation involved after the inception is determined by THEIR speculations. At THEIR whim, in all practical circumstances, THEY control the exchange rates and values in all exchanges involving THEIR brands of money. We simply choose the largest unit of purchasing power among gold and US dollars based on THEIR speculations. Except that ours go up and never come down. There wont be any depreciation of the purchasing power of the Valun. Never.

We're seeing the Half Valun, the most likely to circulate fraction of a Valun at $1.30 now. It will never be lower, ever. Why? Because once an inception is accepted, and another would have to be higher still, then when the prices of precious metals falls – oh yes they can – then the present value of the Valun in gold becomes more, actually increasing as the price of gold falls, as we say up to it's impossible height of twice inception in dollars. So, no matter, the Valun is always going to be up from here; it will get heavier, harder, will purchase more, will be taxed along with its value in THEIR money; dollars.

Hyperinflation? In the USA within the next six quarters? Maybe, but the last time we had that was the Carter administration and we all know what happened after that. It doesn't matter. We will follow the course of history as well as we can. 

Briefly recounting past inception points:

2 November, 2011 – First inception – V1 = $2.16
9 April, 2020 – Second inception – V1 = $2.17
14 April, 2020 – Third inception – V1 = $2.20
23 June, 2020 – Fourth inception – V1 = $2.21
29 June, 2020 – Fifth inception – V1 = $2.22
30 June, 2020 – Sixth inception – V1 = $2.23
7 July, 2020 – Seventh inception – V1 = $2.24
8 July, 2020 – Eighth inception – V1 = $2.26
20 July, 2020 – Ninth inception – V1 = $2.27
21 July, 2020 – Tenth inception – V1 = $2.30
22 July, 2020 – Eleventh inception – V1 = $2.34
23 July, 2020 – Twelfth inception – V1 = $2.36
24 July, 2020 – Thirteenth inception – V1 = $2.38
26 July, 2020 – Fourteenth inception – V1 = $2.39
27 July, 2020 – Fifteenth inception – V1 = $2.43
28 July, 2020 – Sixteenth inception – V1 = $2.45
29 July, 2020 – Seventeenth inception – V1 = $2.46
31 July, 2020 – Eighteenth inception – V1 = $2.47
2 August, 2020 – Nineteenth inception – V1 = $2.48
4 August, 2020 – Twentieth inception – V1 = $2.53
5 August, 2020 – Twenty-first inception – V1 = $2.55
6 August, 2020 – Twenty-second inception – V1 = $2.59

It is part of this blog's experiment to keep the Valun exchange rate measurements up to date with the current prices of gold and silver.

#0: TWENTY-FIRST VALUN INCEPTION POINT REACHED

PNG image showing the price of gold over the last 30 days.  This chart will change with the price of gold and will be updated by goldprice.org

Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.53 to $2.55

NOTE: There is no such thing as a Value Unit (Valun) either as a trading vehicle or a circulating currency. These estimated values represent the results of an experiment only.

On 5 August, 2020, the price of gold closed above the close on 4 August, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 20^th inception period have now been raised 2 cents American to $2.55. Henceforth, no Valun will ever trade for anything less in US dollars. The new potential high, never can be reached unless gold becomes worthless, is $5.10. This upper limit is always equivalent to two Valuns at inception.

The only centralizing piece of the proposal is for an International Valun Exchange Society – IVES – to post what the current exchange rate is for the Valun in gold, silver, US dollars, Canadian or Australian dollars, Euros, Russian rubles, Mexican pesos, etc. This is not all that IVES would be entrusted to do. We compute the exchanges between gold, silver and US dollars on most trading days. We include Sunday nights when the market reopens and take the highest trading points reached before Monday to make our determinations. A real IVES would be spotting what all these brands of THEIR money are doing and would report them perhaps in real time. Right now, we are relying on the COMEX / GLOBEX closes in New York for most of our determinations. Once an inception is chosen, we take the present value of it or accept a newer inception, always higher than the previous one. And once that piece of purchasing power is adopted, nothing smaller will ever be accepted. The Valun will NOT be arbitrarily devalued by ANY of THEIR brands of money.

Briefly recounting past inception points:

2 November, 2011 – First inception – V1 = $2.16
9 April, 2020 – Second inception – V1 = $2.17

14 April, 2020 – Third inception – V1 = $2.20

23 June, 2020 – Fourth inception – V1 = $2.21

29 June, 2020 – Fifth inception – V1 = $2.22

30 June, 2020 – Sixth inception – V1 = $2.23

7 July, 2020 – Seventh inception – V1 = $2.24

8 July, 2020 – Eighth inception – V1 = $2.26

20 July, 2020 – Ninth inception – V1 = $2.27

21 July, 2020 – Tenth inception – V1 = $2.30

22 July, 2020 – Eleventh inception – V1 = $2.34

23 July, 2020 – Twelfth inception – V1 = $2.36

24 July, 2020 – Thirteenth inception – V1 = $2.38

26 July, 2020 – Fourteenth inception – V1 = $2.39

27 July, 2020 – Fifteenth inception – V1 = $2.43

28 July, 2020 – Sixteenth inception – V1 = $2.45

29 July, 2020 – Seventeenth inception – V1 = $2.46

31 July, 2020 – Eighteenth inception – V1 = $2.47

2 August, 2020 – Nineteenth inception – V1 = $2.48

4 August, 2020 – Twentieth inception – V1 = $2.53

5 August, 2020 – Twenty-first inception – V1 = $2.55

It is part of this blog's experiment to keep the Valun exchange rate measurements up to date with the current prices of gold and silver.

#0: TWENTIETH VALUN INCEPTION POINT REACHED

PNG image showing the price of gold over the last 30 days.  This chart will change with the price of gold and will be updated by goldprice.org

Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.48 to $2.53

NOTE: There is no such thing as a Value Unit (Valun) either as a trading vehicle or a circulating currency. These estimated values represent the results of an experiment only.

On 4 August, 2020, the price of gold closed above the close on 2 August, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 19^th inception period have now been raised 5 cents American to $2.53. Henceforth, no Valun will ever trade for anything less in US dollars. The new potential high, never can be reached unless gold becomes worthless, is $5.06.

We already said that when the spot price for gold reaches $2,000 we would have our solution, and the Valun would emerge as among the hardest currencies on earth. How do you measure that? In exchange for all other of THEIR brands of money and for things of real value; goods and services. It seems quite likely that we will see more Valun inceptions. Then again, for THEIR reasons, we may be seeing the summit that gold will never reach again. We don't know, but the rules we have set forth in this blog support the actions taken in this experiment. All it requires is enough people to organize to proclaim its acceptance and then our own money becomes a closer reality.

Briefly recounting past inception points:

2 November, 2011 – First inception – V1 = $2.16
9 April, 2020 – Second inception – V1 = $2.17
14 April, 2020 – Third inception – V1 = $2.20
23 June, 2020 – Fourth inception – V1 = $2.21
29 June, 2020 – Fifth inception – V1 = $2.22
30 June, 2020 – Sixth inception – V1 = $2.23
7 July, 2020 – Seventh inception – V1 = $2.24
8 July, 2020 – Eighth inception – V1 = $2.26
20 July, 2020 – Ninth inception – V1 = $2.27
21 July, 2020 – Tenth inception – V1 = $2.30
22 July, 2020 – Eleventh inception – V1 = $2.34
23 July, 2020 – Twelfth inception – V1 = $2.36
24 July, 2020 – Thirteenth inception – V1 = $2.38
26 July, 2020 – Fourteenth inception – V1 = $2.39
27 July, 2020 – Fifteenth inception – V1 = $2.43
28 July, 2020 – Sixteenth inception – V1 = $2.45
29 July, 2020 – Seventeenth inception – V1 = $2.46
31 July, 2020 – Eighteenth inception – V1 = $2.47
2 August, 2020 – Nineteenth inception – V1 = $2.48
4 August, 2020 – Twentieth inception – V1 = $2.53

It is part of this blog's experiment to keep the Valun exchange rate measurements up to date with the current prices of gold and silver.

#0: NINETEENTH VALUN INCEPTION POINT REACHED

PNG image showing the price of gold over the last 30 days.  This chart will change with the price of gold and will be updated by goldprice.org

Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.47 to $2.48

NOTE: There is no such thing as a Value Unit (Valun) either as a trading vehicle or a circulating currency. These estimated values represent the results of an experiment only.

On 2 August, 2020, the price of gold closed above the close on 31 July, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 18^th inception period have now been raised 1 cent American to $2.48. Henceforth, no Valun will ever trade for anything less in US dollars. The new potential high, never can be reached unless gold becomes worthless, is $4.96. Almost the $5 it will never reach.

Again, we have no idea why or for what purpose THEY have decided to jack up the prices of precious metals. But the Valun is designed as a piece of purchasing power, not a commodity of anything. Therefore, based on THEIR day to day trading in THEIR money, the Valun surmounts the storm and retains the purchasing power attained. You are encouraged to print these posts and distribute them to those who would never get on the internet. This has got to be a grass roots endeavor.

Briefly recounting past inception points:

2 November, 2011 – First inception – V1 = $2.16
9 April, 2020 – Second inception – V1 = $2.17

14 April, 2020 – Third inception – V1 = $2.20

23 June, 2020 – Fourth inception – V1 = $2.21

29 June, 2020 – Fifth inception – V1 = $2.22

30 June, 2020 – Sixth inception – V1 = $2.23

7 July, 2020 – Seventh inception – V1 = $2.24

8 July, 2020 – Eighth inception – V1 = $2.26

20 July, 2020 – Ninth inception – V1 = $2.27

21 July, 2020 – Tenth inception – V1 = $2.30

22 July, 2020 – Eleventh inception – V1 = $2.34

23 July, 2020 – Twelfth inception – V1 = $2.36

24 July, 2020 – Thirteenth inception – V1 = $2.38

26 July, 2020 – Fourteenth inception – V1 = $2.39

27 July, 2020 – Fifteenth inception – V1 = $2.43

28 July, 2020 – Sixteenth inception – V1 = $2.45

29 July, 2020 – Seventeenth inception – V1 = $2.46

31 July, 2020 – Eighteenth inception – V1 = $2.47

2 August, 2020 – Nineteenth inception – V1 = $2.48

It is part of this blog's experiment to keep the Valun exchange rate measurements up to date with the current prices of gold and silver.

#0: EIGHTEENTH VALUN INCEPTION POINT REACHED

PNG image showing the price of gold over the last 30 days.  This chart will change with the price of gold and will be updated by goldprice.org

 Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.46 to $2.47

NOTE: There is no such thing as a Value Unit (Valun) either as a trading vehicle or a circulating currency. These estimated values represent the results of an experiment only.

On 31 July, 2020, the price of gold closed above the close on 29 July, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 17^th inception period have now been raised 1 cent American to $2.47. Henceforth, no Valun will ever trade for anything less in US dollars. The new potential high, never can be reached unless gold becomes worthless, is $4.94.

The precious metals markets closed, and a newer larger piece of purchasing power is assumed by the Valun. This is all exactly according to the rules set forth in this blog's proposal. It satisfies all present law concerning alternative currencies, that no circulating token may be less than a dollar. Our proposed open account ½ Valun V-Check now stands at $1.24. It started at $1.08 so it has grown by 14.81% since April 9^th. Under the rules it can never be lower.  This rule actually makes sense for those contemplating doing business using Valuns, because the smallest part of every sale is going to be the taxes, which must be paid in THEIR money.  We want to get people used to the idea of two kinds of money, ours and THEIRS, and which kind gets used for what.

I encourage all readers with a genuine interest in this proposal to make copies of any or all of the contents of this blog, make printed copies and distribute them among your families and friends; anyone honestly interested in freedom, free PRIVATE enterprise, the right to express our will through the right to contract and the right to issue our own money, free of debt to anyone. A Valun based economy will not be based on the internet or rely on it, because as we have seen, the internet doesn't exactly belong to us either.  Our message has been consistent; if you really want something different, it must ultimately have as little to do with THEM as possible,   This proposal defeats USURY, compound interest, fractional reserve lending, deposit insurance, and many other concerns of average hard working honest people everywhere. It is getting closer all the time for us to begin organizing to make this proposal a reality.

Briefly recounting past inception points:

2 November, 2011 – First inception – V1 = $2.16
9 April, 2020 – Second inception – V1 = $2.17
14 April, 2020 – Third inception – V1 = $2.20
23 June, 2020 – Fourth inception – V1 = $2.21
29 June, 2020 – Fifth inception – V1 = $2.22
30 June, 2020 – Sixth inception – V1 = $2.23
7 July, 2020 – Seventh inception – V1 = $2.24
8 July, 2020 – Eighth inception – V1 = $2.26
20 July, 2020 – Ninth inception – V1 = $2.27
21 July, 2020 – Tenth inception – V1 = $2.30
22 July, 2020 – Eleventh inception – V1 = $2.34
23 July, 2020 – Twelfth inception – V1 = $2.36
24 July, 2020 – Thirteenth inception – V1 = $2.38
26 July, 2020 – Fourteenth inception – V1 = $2.39
27 July, 2020 – Fifteenth inception – V1 = $2.43
28 July, 2020 – Sixteenth inception – V1 = $2.45
29 July, 2020 – Seventeenth inception – V1 = $2.46
31 July, 2020 – Eighteenth inception – V1 = $2.47

It is part of this blog's experiment to keep the Valun exchange rate measurements up to date with the current prices of gold and silver.

#0: SEVENTEENTH VALUN INCEPTION POINT REACHED

PNG image showing the price of gold over the last 30 days.  This chart will change with the price of gold and will be updated by goldprice.org

Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.45 to $2.46

NOTE: There is no such thing as a Value Unit (Valun) either as a trading vehicle or a circulating currency. These estimated values represent the results of an experiment only.

On 29 July, 2020, the price of gold closed above the close on 28 July, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 16^th inception period have now been raised 1 cent American to $2.46. Henceforth, no Valun will ever trade for anything less in US dollars.

Did the precious metals markets just hit their summit and prices are headed down from here?  Who knows except perhaps THEM.  It's THEIRS not yours, remember that.  That's the first lesson Riegel has to teach us, the absolute illegitimacy of THEIR money.  The second lesson is that all of THEIRS works the same way, a commodity in a monopoly position determining the prices in all other commodities.  All commodities markets are driven by speculation, betting on whether the future price of a load of said commodity is going up or down.  No producer has any control over that at all.  AT ALL.  They can participate in the markets by producing and selling into them, but the owners of the money determine the prices for everything else.  After all, the purpose of money as Riegel agreed, is to measure value in a trade, not to store value, unless the commodity used is participating in the trade; if you decide to pay in precious metals, you should get a fundamentally lower price as measured in the de jour currency ; US dollars.  The same should normally be true if cryptocurrencies are used; you should get a better price if you decide to deal in them rather than the de jour currency.  So obviously both buyer and seller have to decide to trade using them.  The same would be a requirement of participation in a Valun based parallel economy.          

Briefly recounting past inception points:

2 November, 2011 – First inception – V1 = $2.16
9 April, 2020 – Second inception – V1 = $2.17
14 April, 2020 – Third inception – V1 = $2.20
23 June, 2020 – Fourth inception – V1 = $2.21
29 June, 2020 – Fifth inception – V1 = $2.22
30 June, 2020 – Sixth inception – V1 = $2.23
7 July, 2020 – Seventh inception – V1 = $2.24
8 July, 2020 – Eighth inception – V1 = $2.26
20 July, 2020 – Ninth inception – V1 = $2.27
21 July, 2020 – Tenth inception – V1 = $2.30
22 July, 2020 – Eleventh inception – V1 = $2.34
23 July, 2020 – Twelfth inception – V1 = $2.36
24 July, 2020 – Thirteenth inception – V1 = $2.38
26 July, 2020 – Fourteenth inception – V1 = $2.39
27 July, 2020 – Fifteenth inception – V1 = $2.43

28 July, 2020 – Sixteenth inception – V1 = $2.45
29 July, 2020 – Seventeenth inception – V1 = $2.46

It is part of this blog's experiment to keep the Valun exchange rate measurements up to date with the current prices of gold and silver.

#0: World Bank and IMF Caught Demanding Lockdowns, Curfews In Exchange for Massive Loans

World Bank and IMF Caught Demanding Lockdowns, Curfews In Exchange for Massive Loans

I have no idea how long this brief podflash may be available.  Hear it while you can and put two and two together. 

So whose money is it really?  It says right on it to whom it belongs.  Even if you happen to have an account at one of the institutions that issues brands of THEIR money; are you a partner of such an organization?  Are you in any way shape or form materially responsible for the issuance of any of that money?  (Shhh.  The accounts are where all the money resides anyway regardless of what the tokens are or what they're made of.  Don't unduly annoy the "gold bugs" who imagine their dream of a gold backed money - which ARTIFICIALLY LIMITS MONEY SUPPLY - will put a stop to inflation).  NO!  It will drive the world down with deflation where those who have any of THEIR money after the collapse will be able to buy from people who have been wiped out of their life savings, etc. 

This story is actually huge.  The country in question, Belarus, has a currency called the Belarusian Ruble.  One of them is worth 41 cents American right now.  I would expect to see this and many other currencies devalued and inflation to start to take off in these countries.  What causes inflation?  THEY tell you it's too much money chasing too few goods.  But NOT ALL MONEY IS BID AGAINST ALL ITEMS AT ONCE.  So this is NOT the complete answer.

What did Riegel tell us?  He said inflation was the result of watered down currency all right, except that the cause of the watering was the mixing of "backed" and "unbacked" money.  What was "backed" in Riegel's view?  Money that the government taxed back and re-spent as opposed to money that the government newly spent, which was "unbacked."  So if all money were backed by a limited supply of gold, what would be the result?  There would be a limit to how much money there would be at any instant.  Who controls that?  The owners of the monopoly awarded the task of "backing" the money; those who own the gold mines, the mints that press the coins and the markets where the price of gold is manipulated by speculators who are directly affiliated with the other owners of the money.

What about depreciation of assets and the destruction of all money?  What about the wearing away of metal coins?  What happens when resale of depreciated assets causes money to fall off the account records?   New money must come from somewhere else economies DIE!  So THEIR economics, "sound money," all that are COMPLETELY WRONG aren't they?  Of course, because real LEGITIMATE money must originate from a buyer wanting to buy something, willing to take back the money he issues by selling something back, and whatever that money buys "backs" it.  Why are these SIMPLE ideas so hard to swallow?  THEY want it to appear complicated, mostly to cover THEIR thefts, because THEY actually own all the money, THEY let you hold onto some of it, but THEY could have THEIR best credit risk customers; governments FORCE everyone to pay THEM back THEIR money.  You think not?  It's happened before and will again.  Then what?  Are you still going to believe THEM?  I gave that up a long time ago.  THIS HERE is the only reasonable alternative and it's certainly worth your further study.  Be seeing you    

#0: SIXTEENTH VALUN INCEPTION POINT REACHED

PNG image showing the price of gold over the last 30 days.  This chart will change with the price of gold and will be updated by goldprice.org

Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.43 to $2.45

NOTE: There is no such thing as a Value Unit (Valun) either as a trading vehicle or a circulating currency. These estimated values represent the results of an experiment only.
 
On 28 July, 2020, the price of gold closed above the close on 27 July, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 15th inception period have now been raised 2 cents American to $2.45. Henceforth, no Valun will ever trade for anything less in US dollars.

We are seeing some signs that the rally may be taking a pause from its almost vertical movement over the last few days. But the upward trend could just as easily continue. We remind our readers that this proposal is squarely aimed at small businesses, at entrepreneurs, at sole proprietorships, partnerships, those who understand the difference between free PRIVATE enterprise and capitalism, at those just starting out as well as all retired people everywhere. We don't know what THEY will do except to keep up THEIR facades for as long as possible. Will THEIR money and institutions fail? They have before for the very same reasons because some of the most conceited are actually the most stupid, who trust myths and legends and concoct plenty of mad science, literally anything that can be patented as owned by THEM. But THEY would rather you continue to think that THEIR money is your money when it never was and never will be because none of us issued any of it.
 
Briefly recounting past inception points:

2 November, 2011 – First inception – V1 = $2.16
9 April, 2020 – Second inception – V1 = $2.17
14 April, 2020 – Third inception – V1 = $2.20
23 June, 2020 – Fourth inception – V1 = $2.21
29 June, 2020 – Fifth inception – V1 = $2.22
30 June, 2020 – Sixth inception – V1 = $2.23
7 July, 2020 – Seventh inception – V1 = $2.24
8 July, 2020 – Eighth inception – V1 = $2.26
20 July, 2020 – Ninth inception – V1 = $2.27
21 July, 2020 – Tenth inception – V1 = $2.30
22 July, 2020 – Eleventh inception – V1 = $2.34
23 July, 2020 – Twelfth inception – V1 = $2.36
24 July, 2020 – Thirteenth inception – V1 = $2.38
26 July, 2020 – Fourteenth inception – V1 = $2.39
27 July, 2020 – Fifteenth inception – V1 = $2.43
28 July, 2020 – Sixteenth inception – V1 = $2.45

It is part of this blog's experiment to keep the Valun exchange rate measurements up to date with the current prices of gold and silver.

#0: FIFTEENTH VALUN INCEPTION POINT REACHED

PNG image showing the price of gold over the last 30 days.  This chart will change with the price of gold and will be updated by goldprice.org

Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.39 to $2.43

  

NOTE: There is no such thing as a Value Unit (Valun) either as a trading vehicle or a circulating currency. These estimated values represent the results of an experiment only.

On 27 July, 2020, the price of gold closed above the close on 26 July, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 14^th inception period have now been raised 4 cents American to $2.43. Henceforth, no Valun will ever trade for anything less in US dollars.

Welcome to the highest point gold has traded in US dollars. We already see that this is not the end of the current rally in precious metals, so we anticipate more inceptions to follow.

Briefly recounting past inception points:

2 November, 2011 – First inception – V1 = $2.16
9 April, 2020 – Second inception – V1 = $2.17

14 April, 2020 – Third inception – V1 = $2.20

23 June, 2020 – Fourth inception – V1 = $2.21

29 June, 2020 – Fifth inception – V1 = $2.22

30 June, 2020 – Sixth inception – V1 = $2.23

7 July, 2020 – Seventh inception – V1 = $2.24

8 July, 2020 – Eighth inception – V1 = $2.26

20 July, 2020 – Ninth inception – V1 = $2.27

21 July, 2020 – Tenth inception – V1 = $2.30

22 July, 2020 – Eleventh inception – V1 = $2.34

23 July, 2020 – Twelfth inception – V1 = $2.36

24 July, 2020 – Thirteenth inception – V1 = $2.38

26 July, 2020 – Fourteenth inception – V1 = $2.39

27 July, 2020 – Fifteenth inception – V1 = $2.43

It is part of this blog's experiment to keep the Valun exchange rate measurements up to date with the current prices of gold and silver.

#0: FOURTEENTH VALUN INCEPTION POINT REACHED

PNG image showing the price of gold over the last 30 days.  This chart will change with the price of gold and will be updated by goldprice.org

Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.38 to $2.39

  

NOTE: There is no such thing as a Value Unit (Valun) either as a trading vehicle or a circulating currency. These estimated values represent the results of an experiment only.

On 26 July, 2020, the price of gold closed above the close on 24 July, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 13^th inception period have now been raised 1 cent American to $2.39. Henceforth, no Valun will ever trade for anything less in US dollars.

Sure, it's a Sunday. There wasn't a market close today, but trading resumes every Sunday night anyway and the market sent the prices of gold above $1,915 an ounce and silver above $32 an ounce. Watch out for the “gold bugs” and their “sound money” arguments. What happens when there is no organized market, regardless of how crooked it has always been? Nobody knows then exactly what an ounce of gold or silver may bring in trade for something (whole barter) and those who believe that such would be better are delusional. Riegel was right; gold (and silver) may certainly be worth something. We're just not quite sure just what.

Yes, corrupt markets reach corrupt results, but we may be witnessing the death throws of these markets. Then what? You hear a lot about inflation. But deflation is far more certain. Sure, you would then have the potential of millions of tokens made of precious metals that could function as money floating around in various states of wear and who really knows what they're worth? A lot of people with more IDEALISM than common sense play right into the hands of the bankers and their oldest dialectic; either THEIR credit or THEIR gold. The Valun would be something independent of THEM in case THEIRS fails, because we would use the records we have of what the precious metals were worth to move forward. Besides which, whether the circulating tokens were silver or gold, money was always recorded in accounts that belonged to some king, some price, some potentate with the power to tax back the loaned money plus interest which would be money that was never issued. How has that always worked? Who benefited?

Briefly recounting past inception points:

2 November, 2011 – First inception – V1 = $2.16
9 April, 2020 – Second inception – V1 = $2.17

14 April, 2020 – Third inception – V1 = $2.20

23 June, 2020 – Fourth inception – V1 = $2.21

29 June, 2020 – Fifth inception – V1 = $2.22

30 June, 2020 – Sixth inception – V1 = $2.23

7 July, 2020 – Seventh inception – V1 = $2.24

8 July, 2020 – Eighth inception – V1 = $2.26

20 July, 2020 – Ninth inception – V1 = $2.27

21 July, 2020 – Tenth inception – V1 = $2.30

22 July, 2020 – Eleventh inception – V1 = $2.34

23 July, 2020 – Twelfth inception – V1 = $2.36

24 July, 2020 – Thirteenth inception – V1 = $2.38

26 July, 2020 – Fourteenth inception – V1 = $2.39

It is part of this blog's experiment to keep the Valun exchange rate measurements up to date with the current prices of gold and silver.