by globalintelhub, 2016 (by Joe Gelet) http://www.zerohedge.com/news/2016-10-20/seen-zero-hedge-fix-wag-dog As we explain in Splitting Pennies, the world isn’t as it is presented to us in textbooks, and on television. But as is […]
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You asked for it, we delivered. EES has released the Penny Splitter strategy, as featured in our best selling book Splitting Pennies – for the Meta Trader 5 platform. Check it out here in the MQL5.com marketplace.Penny Splitter (PS) is a st…
Joe Gelet, author of Splitting Pennies, was interviewed on Destiny Survival podcast, by John Wesley Smith. Checkout what he had to say about the interview, at his site www.destinysurvival.com: Joe […]
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Joe Gelet, author of Splitting Pennies, was interviewed on Destiny Survival podcast, by John Wesley Smith. Checkout what he had to say about the interview, at his site www.destinysurvival.com:
Joe and I had no trouble filling the time allotted to us for DestinySurvival Radio. He’s quite knowledgeable and explains things thoroughly.
When I asked him to define Forex, it might sound at first like he’s going down a rabbit trail. But he’s not. Listen carefully to what he says about the U.S. dollar and foreign exchange money markets, and it will make sense. Throughout his book he layers on finer points describing Forex.
Here’s how massive Forex is.
Forex is the driver of the global economy. It supercedes nation states, politics, even religion. It’s not governed by law, but by trading principles.
Our Federal Reserve plays a large role in Forex, as do other central banks.
In the book he asserts it’s irrelevant as to who owns the Federal Reserve.Things are what they are. We owe it to ourselves to know a little something about how the system works.
It’s startling to think our Federal Reserve can create money from nothing, and we accept it as such. Yet this plays a significant role in inflation, which affects all of us. Joe and I talked about this and explored what it means to have a fiat money system.
Even though the Fed can create money from nothing, it wouldn’t be wise to print ourselves out of debt. Nor would it be a good idea to go into default.
But about that ever present fiat money…
This may sound shocking to some, but Joe asserts in his book that the U.S. dollar isn’t backed by gold but by bombs. You won’t want to miss what he has to say about this during our conversation. If you’ve paid attention to the news for the past 10-15 years, you’ll observe he’s not saying anything we don’t already know.
To me all of this is terrifying. We’re living in a world whose system is based on feathers and fairy tales.
Does that mean the many dire predictions about a sudden economic crash are sure to come to pass?
Not as Joe sees it. Or at least not in the way most sensationalists would have us believe. That’s because there’s no good alternative to the dollar.
What does Joe mean when he says banks can’t do without the economy, but the economy can do without banks? We discussed that. And I think it bodes well for us, should we end up in the midst of the proverbial postapocalyptic scenario one day.
And what about Bitcoin and other alternate currencies? They’ve been touted as revolutionary and independent of the big banking system. But are they? Listen to Joe’s comments and draw your own conclusions.
If you make financial investments, Joe offers what seems to me to be a reasonable solution. But what if you can’t invest?
If you had $1,000 to put toward getting prepared, what should you do? I think you’ll be surprised by Joe’s advice. (Hint: It’s a practical position I have taken for quite some time.)
Joe’s goal is to help you and me be better prepared financially. Thus, his book. You may also want to see SplittingPennies.com.
You can listen to the podcast on YouTube by clicking here, or press play below:
There’s still a large percentage of the American population that doesn’t understand money. That’s why we released our book,Splitting Pennies – to explain how the financial system works. FX continues to remain a mystery to voters, although i…
17 Oct: USD 1,252.70, GBP 1,029.59 & EUR 1,139.58 per ounce
14 Oct: USD 1,256.15, GBP 1,028.79 & EUR 1,140.08 per ounce
13 Oct: USD 1,258.00, GBP 1,029.93 & EUR 1,141.76 per ounce
12 Oct: USD 1,255.70, GBP 1,024.53 & EUR 1,139.05 per ounce
11 Oct: USD 1,256.40, GBP 1,021.58 & EUR 1,130.76 per ounce
10 Oct: USD 1,262.10, GBP 1,016.62 & EUR 1,129.71 per ounce
17 Oct: USD 17.40, GBP 14.30 & EUR 15.83 per ounce
14 Oct: USD 17.47, GBP 14.28 & EUR 15.86 per ounce
13 Oct: USD 17.59, GBP 14.40 & EUR 15.95 per ounce
12 Oct: USD 17.44, GBP 14.23 & EUR 15.83 per ounce
11 Oct: USD 17.48, GBP 14.26 & EUR 15.78 per ounce
10 Oct: USD 17.78, GBP 14.31 & EUR 15.92 per ounce
Recent Market Updates
– “Gold Is A Great Hedge Against Politicians” – Goldman
– Sell Gold Now – Time To Liquidate Gold ETF, Pooled and Digital Gold
– Gold In GBP Up 43% YTD – “Massive Twin Deficits” To Impact UK Assets
– Ron Paul Says “Gold Going Up” Whether Trump Or Clinton Elected
– Gold Trading COT Report “Means Lower – Then Much Higher – Prices Coming”
– Currency Shock Sees Sterling Gold Surges 5% In One Minute “Flash Crash”
– Top Gold Forecaster: “As Quickly As Gold Fell” May “Rally Back” on Global Risks
– Gold Buying ‘Opportunity’ After Surprise 3.4% Drop
– Deutsche Bank “Is Probably Insolvent”
– GBP Gold Rises 1.3% as Sterling Slumps On ‘Hard Brexit’ Concerns, Up 36% YTD
– Why Krugman, Roubini, Rogoff And Buffett Hate Gold
– ECB Refused “To Answer Questions” – Deutsche Bank “Systemic Threat” Is “Not ECB Fault”
The war on intelligence is in full swing. It’s game time. They’ve been planning this for years. As we explain in Splitting Pennies, the world isn’t as it seems, in fact – the world is a great big illusion to many.In case you’re not fo…
by globalintelhub, 2016 http://www.zerohedge.com/news/2016-10-13/fed-policy-most-significant-trump-card-markets-remains-unknown While markets wait for the election, getting closer by the day- one big question – in fact maybe the most important question – What is Trump’s […]
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