Baguio, the Philippines.
A thriving black market for gold.
Seems like thousands of outta-work filipinos have got themselves picks, shovels, and pans and have disappeared into the woods. Some other areas of the Philippines, as well. Zamboanga for example. But, really, everywhere.
An ounce of gold sells for $1600.....dollars price. Nice black market for greenbacks, too. 80000 Philippines piso to one ounce of gold. A lifetim3e of bucking sacks of rice onto boats.
The Philippine Central Bank (BSP) imposes a 7% tax on gold turned in for refining from miners, so the black market and smugglers get the business, and now the government is trying to stop the illegal mining. Lots of Bundoks to patrol. Every little rivulet has some gold worth panning.
In the 1970s President Marcos owned the major mines. Had thousands of sweaty shirtless miners thousands of feet underground in 120 F heat working over steaming seams of copper/gold ore. There was a black market in Bagiuo then,too.
Oh, ya. Bundok is the Tagalog word for mountains or hills, wild uncivilized, home to backward aboriginals. Nobody has ever really "owned" the land. The Negritos drift, disappear in the fog and you just don't really know. The Huks are still here.
But this wonderful land of freedom has a story to tell.
Mining is Big.
We have a plan to run the world with electric cars, trains, trucks. All that takes copper. Copper resources are maxxed out already. The Philippines has a couple of the world's greatest prospects, well three in Mindanao alone. Nickel is key to the new unoiled economy as well. Oil, well, we still have to grease our axles and hubs, and make medicines and plastics. Green electric technology and solar cells (silver) will all push our limits on mining. Big mining operartions are going to electric ore haulers, all that jazz.
But the bottom line:
We just don't have the Copper or the Silver to do it, We never will have. The price of there will go up until nobody can buy a car or a solar cell.
So in comes nuclear. We are going to have a nuclear powered world. Uranium is now the hottest mining commodity, the price is already up there. We have a commodity market open now for Uranium, like gold or silver. You can buy futures, trade in derivativesw. But we still don't have the cuppor for the electric power on our wheels.
Plus, every country in the world in inflating their currency with fiat paper and reckless spending. People expect gold and silver prices to soar.
But the question really is, can they soar if people just crawl back in their caves. Or die.
The huge equation of population explosion has an economic term. If we turn it upside down, depopulation has a different kind of economics. Deflation. Disrupting the US economy will deflate other countries.
So prices never go over the money people have. Governments have been printing money and investing in stocks, buying their own bonds with fiat printed paper. That's why prices are still going up.
The Big Depression looks like it will beat the Weimar Inflation to the punch this time.
One year foom now the price of gold will be $400/oz. In Two years, a wheelbarrow of god 30000 oz will buy a sack of potatos????? That's what Brigham said in 1850. The Bible says international tade will come to an instant stop in a day, and all the merchants and shippers will we howling lamentations over their busted business models. Ships will sit in the ports, loaded and worthless. Rusting.
And guess what. The Marxists don't have a fix.
In fact, there are no cognitive functional Marxists, just a lot of crazy believers in fairy tales about a better world. The real money is not Marxist. They just use the tool for political purposes. But just the idea of hiding America and letting China be the top dog win world order will topple the whole "Progressive Plan" because it's a bad idea.
The world always grows to it's limits, but when governments do top down management operations, it always depopulates the governed, and the dead don't buy. And then the interests that run the government lose their investments in depression markets. A few elites maybe still have their servile househelp, but nobody gets anything.
There is no such thing as managed economy or managed political systems. The ideas just don't work.l It's all nonsense. It all just fails. We have stuff because we have some functional people, some good business ideas, some dependable workers.
who knows how deep our recession/depression will get. Depopulation economics. probably no business will come through;. We'll go to scrape and scratch living for people who can get on some dirt to try to grow some potatos.
A thriving black market for gold.
Seems like thousands of outta-work filipinos have got themselves picks, shovels, and pans and have disappeared into the woods. Some other areas of the Philippines, as well. Zamboanga for example. But, really, everywhere.
An ounce of gold sells for $1600.....dollars price. Nice black market for greenbacks, too. 80000 Philippines piso to one ounce of gold. A lifetim3e of bucking sacks of rice onto boats.
The Philippine Central Bank (BSP) imposes a 7% tax on gold turned in for refining from miners, so the black market and smugglers get the business, and now the government is trying to stop the illegal mining. Lots of Bundoks to patrol. Every little rivulet has some gold worth panning.
In the 1970s President Marcos owned the major mines. Had thousands of sweaty shirtless miners thousands of feet underground in 120 F heat working over steaming seams of copper/gold ore. There was a black market in Bagiuo then,too.
Oh, ya. Bundok is the Tagalog word for mountains or hills, wild uncivilized, home to backward aboriginals. Nobody has ever really "owned" the land. The Negritos drift, disappear in the fog and you just don't really know. The Huks are still here.
But this wonderful land of freedom has a story to tell.
Mining is Big.
We have a plan to run the world with electric cars, trains, trucks. All that takes copper. Copper resources are maxxed out already. The Philippines has a couple of the world's greatest prospects, well three in Mindanao alone. Nickel is key to the new unoiled economy as well. Oil, well, we still have to grease our axles and hubs, and make medicines and plastics. Green electric technology and solar cells (silver) will all push our limits on mining. Big mining operartions are going to electric ore haulers, all that jazz.
But the bottom line:
We just don't have the Copper or the Silver to do it, We never will have. The price of there will go up until nobody can buy a car or a solar cell.
So in comes nuclear. We are going to have a nuclear powered world. Uranium is now the hottest mining commodity, the price is already up there. We have a commodity market open now for Uranium, like gold or silver. You can buy futures, trade in derivativesw. But we still don't have the cuppor for the electric power on our wheels.
Plus, every country in the world in inflating their currency with fiat paper and reckless spending. People expect gold and silver prices to soar.
But the question really is, can they soar if people just crawl back in their caves. Or die.
The huge equation of population explosion has an economic term. If we turn it upside down, depopulation has a different kind of economics. Deflation. Disrupting the US economy will deflate other countries.
So prices never go over the money people have. Governments have been printing money and investing in stocks, buying their own bonds with fiat printed paper. That's why prices are still going up.
The Big Depression looks like it will beat the Weimar Inflation to the punch this time.
One year foom now the price of gold will be $400/oz. In Two years, a wheelbarrow of god 30000 oz will buy a sack of potatos????? That's what Brigham said in 1850. The Bible says international tade will come to an instant stop in a day, and all the merchants and shippers will we howling lamentations over their busted business models. Ships will sit in the ports, loaded and worthless. Rusting.
And guess what. The Marxists don't have a fix.
In fact, there are no cognitive functional Marxists, just a lot of crazy believers in fairy tales about a better world. The real money is not Marxist. They just use the tool for political purposes. But just the idea of hiding America and letting China be the top dog win world order will topple the whole "Progressive Plan" because it's a bad idea.
The world always grows to it's limits, but when governments do top down management operations, it always depopulates the governed, and the dead don't buy. And then the interests that run the government lose their investments in depression markets. A few elites maybe still have their servile househelp, but nobody gets anything.
There is no such thing as managed economy or managed political systems. The ideas just don't work.l It's all nonsense. It all just fails. We have stuff because we have some functional people, some good business ideas, some dependable workers.
who knows how deep our recession/depression will get. Depopulation economics. probably no business will come through;. We'll go to scrape and scratch living for people who can get on some dirt to try to grow some potatos.