#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.