First Mining Gold Corp (FFMGF)

[AlwaysRed]

Thoughts, follow ups, and continued conversation.

Smash today started at about 7:30 CDT AM and continued for over 2 hrs.

Seasonal Metals:

http://www.zealllc.com/2010/silvseas.htm

"Seasonally the silver year starts with its first strong rally. While it actually launches in mid-December, the great majority of this rally runs between January and early April. On average over the last decade, silver has surged 13.5% higher during this span. This winter rally is actually silver’s strongest seasonal time of the year."

Interesting news. Went to an auction yesterday. We go to auctions state wide. First auction with any significant amount of metals. There were hundreds of people there. Seeing the bidding I would assume it was due to the vast amount of metal they had there. The average price of the metals sold about 20-30% above spot. The Morgan Dollars sold for about 40 dollars each. I am not talking about numismatic coins, I am simply talking junk. There was one bidder that bought over $21,000 in metals. Fewer and fewer auctions with metals and when there are they are bidding higher and higher.

Take that for what it's worth. Separation of physical and digit prices? Jim Willie has been talking about this for years.


fockewulf190 Excellent video. Criminality is necessary to keep the system going. This is high level depth. There are different levels of understanding and when you get into CDS you are getting near the top of the games and criminality. After the MBS crisis the bankers began packaging auto loans almost immediately. Sugar coated crap. Yes they are putting dollars into DB, more on that below.

https://www.youtube.com/watch?v=MFhQNugglXk

After 10 years of studying economics, monetary history and banking. I even voluntarily took monetary history, banking and economics in college just because of my passion. I can honestly say that I am not omniscient. I am not all knowing and understanding the entire system is nearly impossible. I've had to watch "The Big Short" numerous times to absorb and comprehend. Even Rob Kirby, Jim Willie, etc. can't comprehend the magnitude of the fraud and corruption. You would have to wear the hat of a criminal investment banker and have that knowledge to even begin to understand. I'm not a criminal.

I can tell you this. I have over 50 books written by the entire gang on "the crash."

Doug Casey, Peter Schiff, Ron Paul, Jim Rogers, Jerry Robinson, James Turk, John Rubino ("The Money Bubble" Excellent book) Jim Rickards, Nomi Prims, Jim Marrs, A book called "when Money Dies" By Adam Furguson, Excellent book, and The Creature From Jekyll Island by G. Edward Griffin. I met him at a seminar and he signed my book. I stood and asked questions during a Q&A. I asked about hyper inflation and he said that would be the final result. That was I'd say 7 years ago.

I listen to all the same videos and read all the same Zero Hedge articles you guys do. I've been following this for a very long time. But not as long as Dr. Ron Paul and Doug Casey. Here are 2 videos from Doug and Ron. 1980 and 1988. Give a listen......


Doug Casey 1980 (Hyper inflation, collapse, as if he said it today and he still is)

https://www.youtube.com/watch?v=easuUdhW4X0&feature=emb_title

Ron Paul 1988 (He even talks about how the banks launder drug money back in the 80's, Still happening, even more, system needs criminality to exist):

https://www.youtube.com/watch?v=l4Ua4Okj-wI

All the same things said. All the same problems. Bigger debts, bigger deficits, bigger wages, more inflation, more of the same.

Here is a crisis nobody is talking about. More and more people. More and more people dying. Only so much earth. Where are we going to put all these dead people. We can't keep sticking them into the ground forever. Where are they going to go? No body is panicking about that. But digits on a screen we can stick places. There is infinite room to stick digits.

Harvey Organ made a call a few years ago about the COMEX blowing up and he destroyed his reputation. Now that guy knows his silver. Same with Turd Ferguson (IE: Craig Hemke ate his hat) Dave Morgan, Bill Murphy. They all know the market and what it should do. However, I guess they just don't understand the POWER of the manipulators or the system. The endless, relentless stream of fraud and manipulation to keep the system going and manipulate the metals. Just like Ron Paul and Doug Casey above.

Some history to see how we got here and what has happened is important to see what is happening today.

The debt based currencies borrowed into existence around the world is the root of the problem. This is what creates the physical currencies to create derivatives off of.

The dollar index. The dollar index is a basket of currencies.

https://en.wikipedia.org/wiki/U.S._Dollar_Index

Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight

The dollars strength is relative to these currencies. They are all borrowed into existence at interest. Only the dollar is the worlds reserve currency. The Petro dollar. All of these currencies are being debased by their central banks controlled by the World bank and the Bank of international settlements.

So the currencies around the world fluctuate against one another depending on the rate of depreciation caused by their central banks. FOREX. (Some this is easy, some this is new, be patient with me)

So because the dollar prior to 1933 was being borrowed into existence at interest (Ponzi scheme) They needed to do a gold confiscation (Voluntary) and had the American citizens turn in their gold. They then after the confiscation immediately revalued gold from 20 dollars per ounce to 35 dollars per ounce. Remember the dollar was pegged to gold so as the dollar devalued, gold devalued in terms of other currencies around the world. So gold was on sale for other currencies around the world and they started buying our gold. They needed the peoples gold for the demand and then they made it illegal and revalued the gold to 35 bucks. Think about that. What a theft. Steal our gold, make it illegal and then revalue to 35!

FDR Confiscation, Bankruptcy:



1933 Emergency Banking act bankruptcy.
Glass-steagall act:

https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_legislation



Due to the bankruptcy and transition there were politicians that at least wanted a little control over the bankers. So they wanted separation of commercial and investment banking which included: Separation of commercial and investment banking prevented securities firms and investment banks from taking deposits, and commercial Federal Reserve member banks from:

dealing in non-governmental securities for customers,
investing in non-investment grade securities for themselves,
underwriting or distributing non-governmental securities,
affiliating (or sharing employees) with companies involved in such activities.

That was repealed by Clinton in 1999. More on that later. This was a big deal as you can see. Remember clearing the path for the bankers.....

Bretton woods:

https://en.wikipedia.org/wiki/Bretton_Woods_system


So all countries currencies are devaluing differently at different times so the currencies always have fluctuating values. This can cause issues with trade. so Bretton Woods was like passing a Baton. The 2 currencies would have to meet in the middle at the current gold price for any international trades. Now remember the dollar was still pegged to gold. So as the dollar devalued due to the Ponzi scheme the price of gold devalued at the same time in other currencies. Same deal as before. So eventually when other currencies were stronger than the dollar they would buy our gold with their currency on sale. Same deal as before. All because of our debt based ponzi scheme. You can't have a stable currency linked to something that needs to expand in perpetuity. So in 1971 Nixon abolished the gold standard. (Temporarily he said) That ended Bretton Woods. And began the Petro Dollar.

Nixon ending Bretton Woods/Gold Standard:

https://www.youtube.com/watch?v=iRzr1QU6K1o

People didn't really know what was the root cause of this and many people still don't today.

The Petro Dollar:

https://www.investopedia.com/articles/forex/072915/how-petrodollars-affect-us-dollar.asp

Now the dollar is the worlds reserve currency.

Kissinger helped create this.

Now instead of dollars coming back to our country to buy our gold. The dollars were exported for every sale of oil globally. Now the spending can really accelerate because we are exporting all of our dollars. They are all leaving the country and we need to create more for the increased demand for dollars. Again, the only place that dollars can come from is our government borrowing them into existence. In order to meet the demand for a global reserve currency we need to increase the amount of them. Men with guns protect this and that is actually called Petrodollar warfare:

https://en.wikipedia.org/wiki/Petrodollar_warfare

So creating these dollars from debt at interest is the root of the problem.

solution to problem 1(creating money at interest) and number 2(Fractional reserve Banking) we'll let a 12 year old girl explain:


Solution to the debt/money creation at interest problem:

https://www.youtube.com/watch?v=JHQOX8EVNmE

Next problem, Fractional reserve banking. We have let the banks run wild and they are expanding the money supply at a ridiculous rate. every loan created creates more money in circulation. All restrictions have been lifted in regards to this. The banks can create as much money as debt as they want with no restrictions. Public banking is also a solution to this issue as the girl mentions above. But if the dollar is the worlds reserve currency and we need to export them to the world, public banking wont work. The demand for dollars is too high...

All fractional reserve banking is derivatives. Fractional reserve banking derives from the actual physical dollar. More derivatives were created after the repeal of Glass-steagall.

1999 Glass-steagall act gets repealed and the banks run amok. This is where all of this security investment started:

dealing in non-governmental securities for customers,
investing in non-investment grade securities for themselves,
underwriting or distributing non-governmental securities,
affiliating (or sharing employees) with companies involved in such activities.

https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_legislation

"After the financial crisis of 2007–2008, some commentators argued that the repeal of Sections 20 and 32 had played an important role in leading to the housing bubble and financial crisis. Economics Nobel prize laureate Joseph Stiglitz, for instance, argued that "[w]hen repeal of Glass-Steagall brought investment and commercial banks together, the investment-bank culture came out on top", and banks which had previously been managed conservatively turned to riskier investments to increase their returns.[11] Another laureate, Paul Krugman, contended that the repealing of the act "was indeed a mistake"; however, it was not the cause of the financial crisis.[25]"

"Other commentators believed that these banking changes had no effect, and the financial crisis would have happened the same way if the regulations had still been in force.[26] Lawrence J. White, for instance, noted that "it was not [commercial banks'] investment banking activities, such as underwriting and dealing in securities, that did them in".[27]"

"At the time of the repeal, most commentators believed it would be harmless. Because the Federal Reserve's interpretations of the act had already weakened restrictions previously in place, commentators did not find much significance in the repeal, especially of sections 20 and 32.[14] Instead, the five year anniversary of its repeal was marked by numerous sources explaining that the GLBA had not significantly changed the market structure of the banking and securities industries. More significant changes had occurred during the 1990s when commercial banking firms had gained a significant role in securities markets through "Section 20 affiliates"."

Krugman is full of SHIT! All of the CDS and CDO's and all of that crap started after they repealed this. They keep selling out to these bankers. The banking issues are all because we keep allowing bankers to get everything they want and they are greedy. The MBS crisis was caused because of this repeal and they are still doing the same thing.

Now, the banking crisis. Remember that the dollar is the strongest currency in the world and it is still in demand. It is wanted all over the world due to other currencies being weaker and them wanting dollars for stability.

All of the other currencies along with the US are devaluing but the dollar is devaluing less. So there is still demand for the dollar. The dollar will also have the higher interest rates. This also causes demand for the dollar. As other countries start to have trouble they will buy the dollar.

So DB is not functioning in dollars. It is Euros. And I guarantee you just as the video posted the other day I commented on above says, they are using dollars created by the Fed to bail out DB. They are using dollars to inject liquidity into the banking sector. Now the dollar is much more stable than the Euro. The injections like this do not cause inflation in the US because they have been exported. And these injections help the other countries stabilize. It's like pouring a new foundation. With a new stronger base.

Will they be responsible after they get the bailouts and stop gambling? Probably not. But they can keep kicking the can down the road.

I think the dollar has a long way to go before anything structurally happens to it.

Japans debt to GDP is nearly 240% and they are not the worlds reserve currency:

https://tradingeconomics.com/japan/government-debt-to-gdp

Japan has a 100 year mortgage:

https://www.sciencedirect.com/science/article/abs/pii/1061951895900047

They are not exporting their currency and they have not had hyperinflation.

The Chinese currency is a wreck. They say that they are not buying treasuries anymore. And they may not be, however they are still accumulating dollars. Everything we buy from them is with dollars. And the dollar is stronger that their currency. If they start to collapse and their banking system starts to fall apart, they WILL want to have dollars to support their system.

There is no global demand for any other currency than dollars.(Gold but they are killing that) As other countries around the world start to have trouble, if they do, they will scramble towards dollars. And the only way for us to be able to distribute them to the world is to go further into debt. Just like after Bretton woods ended and the Petro Dollar began. We had to create the dollars to export around the world for the oil purchases. The more instability in the world financially the more demand for the dollar. The more demand the more debt we need to create.

Now there are derivatives out there, but they are winning those bets too. You never hear about that and the average person has no idea what they are or how to invest in them. So if you feel that a bond or municipality is going to fail like say........Chicago......You buy a CDS as protection against the bond:

https://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=1515&context=yjreg

So as the bonds and municipalities collapse they are also protected via the CDS. So if there is a collapse there is also a gain through the insurance. But we are never told about these gains and the balance in the system. We are never on the winning side, but they are. So I don't think there is systemic risk., I think it is wealth being transferred and passed around. Winning and losing at the same time. Balance. But again we never hear about the balance. We only hear about the crisis.


Now I don't agree with this system and there is too much criminality within this system. Like say Obama sending a Pallet of newly created dollars to CIA interests in Iran. That is only one example of how being able to create dollars and use them for your own interest can cause issues. They are and have been using this system to fulfill agendas. And there is nothing that can stop it as it is necessary.

There can NEVER be a gold backed currency in the world if currencies are borrowed into existence at interest. This page explains why. They can revalue the metals, but they can never peg them.

As long as we have numerous world currencies debt based and devaluing at different paces there will always be trade issues. Currencies never hold the same value. The closest we have ever had to a one worlds currency has been the dollar now. It is the strongest and it is spreading throughout the world and I can't see that stopping anytime soon.

I am always open to ideas. How to "Reset" This mess I have no idea. With hundreds of currencies devaluing at the same time around the world. The Euro is failing because of the PIIGS. There are countries in the EU that are less productive than the rest and the countries that are having to make up for the others. When there are more that are a drain than there are producing that causes problems. Just like here in the US, but we don't notice it that much because we export our inflation. It really is a luxury......

Until the dollar is used globally, there is room for expansion.

Perhaps they will revalue the metals and any counties and individuals holding them will gain that much more for that asset. That may help prop up the global structure. Help the foundation. They certainly can't peg it.

Whatever happens I am insured. If you really think it is going to hyper-inflate, get a second mortgage or a high dollar FIXED loan and invest it. You will make gains in the market (They always rise with hyperinflation) and your fixed debt will inflate away. Or Buy metals with it. Have a plan and buy physical assets.

Hey I might be wrong, I've been screaming hyperinflation for so long and Dr. Ron Paul and Doug Casey since the 80's. But nothing has happened. The worlds demand for dollars is actually increasing contrary to what the metal salesmen say.


Good luck out there...



The Money Masters, Bill Still:

https://www.youtube.com/watch?v=HBk5XV1ExoQ&feature=emb_title