PROUT interview!
I want to thank you for visiting my BLOG. This morning our guest was Apekshit, an electrical engineer by trait who feels very passionately about the economic conditions that we are facing today. Apekshit is a student and fan of the National Best Selling Author and Economist of Dr. Ravi Batra (Who will be our guest next Friday).
As you may know, The US Government has hit a debt ceiling and as of yet Congress has not agreed to raise that ceiling. What that means to us is that the US Government cannot borrow anymore money until the congress decides. What is that debt ceiling? It is at 14.3 Trillion Dollars. What is your opinion on our current economic debt?
Anyone that has taken economics has heard of the 2 most popular economic systems, Capitalism and Communism. Apekshit and the organization PROUT suggest a third form of market, a PROUTist society. Apekshit described PROUT as mass capitalism that gives power to the masses. He talked about how 1% of Americans control 95% of America’s wealth. He stated that if the “monopolic Capitalism” is left unchecked it could be destructive? To find out more about PROUT, visit, www.Prout.org. What are your thoughts on PROUT, share them with me in the comment section.
Our guest for next week will be the National Best Selling Author and Economics professor Dr. Ravi Batra. Dr. Batra published his first book in 1978 predicting the fall of Communist Sovient Union and survival of Communist China. He also predicted the .com bubble as well as the housing bubble. He has more predictions that he is going to discuss with us on the show. CLICK HERE to listen to one of Dr. Batra’s interviews. You can also visit www.Ravibatra.com for more information. Tune into 104.9 FM (DFW area) or listen live at www.FunAsia.net next Friday (May 27th 2011) to the Early Morning Show between 6-7AM to hear the interviews live.
If you could Ask Dr. Ravi Batra Any questions, what would it be?
(polls)
Hi Ali,
Thank you for the opportunity to talk about PROUT. I hope people will give it a thought and lookign forward to interview with Dr. Ravi Batra next Friday. Youa re doing a great job . Kudos!!!
Best regards,
Apek
Dear Prof,
Are you aware of Euro-freegold concept? Current American way of life has been funded on the backs of global hard work with nations maintaining reserves in USD terms. The US dollar was pivotal to enable Americans to live a life Kingsize(relatively speaking).
The reason US dollar is that important is because it is used to trade oil. Once the global trading of oil moves away from USD, how will Americans enjoy the phenomenal affluent life style?
The Euro-freegold concept relies on Gold remaining outside the system thus being completely demonetized. All the international trade wont be settled in fiat currency, but with gold through the BIS. This means there will NEVER be a gold standard. It means gold will work as a external reference point which will rate currencies depending on how well the economies will run. The main stream media always says gold to 10,000$ per ounce OR there will be a gold standard in the future. I personally do not see this happening.
I think this will actually usher in a global meritocracy. Unless you are productive, you can not enjoy the life that you think you deserve.
I would appreciate your opinion on this issue.
If you want further information on this concept on http://www.fofoa.blogspot.com
This was written in 1997. About 14 years ago, but things are moving according to this blueprint. Please study this carefully. I have been for over 4 years now.
http://www.usagold.com/goldtrail/archives/another1.html
When the once highly secretive London Bullion Market Association (LBMA) — its venerable membership comprising the world’s largest gold dealers — published its daily clearing volume for the first time in January 1997, it rocked the tight-knit world of international gold traders and analysts.
According to this first of many subsequent LBMA press releases, thirteen hundred tonnes of gold (representing more than 50% of the world’s annual mine production) changed hands daily in this fog-shrouded center of the global gold market. This figure represented over $10 billion per day and $4 trillion per year in bullion banking activity!
The gold market had always stood in austere, quiet contrast to the highly charged, mega-volume world of stocks and bonds. Now this first LBMA report forced analysts, investors, and brokers to reassess their understandings of the gold market. While some revelled in the glow of the large LBMA numbers, others began to raise some very important and rather unsettling questions. First, Why was this much gold on the move? Second, Where was all this gold going? And third, Where was all this gold coming from?
Then, in October of 1997 at the internet’s only gold discussion forum of the day (hosted by Kitco), a series of remarkable postings began appearing under the pseudonym “ANOTHER”, offering plausible answers to those questions. What followed in a seemingly incongruous stream of thought over many months was, in the fullness of time, seen to blend into a logical whole by many astute readers following the complete text. If you are not similarly moved to at least reassess your own view of the international financial scene after reading what’s revealed below, then you are either firmly entrenched in your world view, or you’ve been numbed by too many hours of Wall Street’s cheerleader (CNBC) and too many Friday nights with Louis Ruykeyser.
What matters most to us here at USAGOLD is ANOTHER’s educational value to all who would take the time to read and think through his (at times) arcane and cryptic commentary of international economic dealings behind-the-scenes. ANOTHER demonstrates a feel for and understanding of the gold and oil markets that indicates connections at the highest echelons of international finance, yet for reasons having to do with his “position,” as he has indicated, he wishes to remain anonymous. If his “THOUGHTS!” are theory; they are good theory. If they are speculation; they are reasonable speculation. If they are supposition; they are well-grounded supposition.
In the final analysis, ANOTHER offers one of the more plausible hypotheses for why the financial markets have acted as they have in the past few years, and therein lies his immense value to the reader, no matter who he is. Again, knowledge as is conveyed in his series of “THOUGHTS!” is rarely to be found outside the highest levels of international finance, and is seldom to be seen bandied about on the front pages of The Wall Street Journal or your favorite financial newsletter.
As explained by ANOTHER, an opportunistic arrangement for massive physical gold acquisition among important petroleum producing and exporting nations could be comfortably facilitated within these astronomical trading volumes now being publicly revealed via the LBMA. For the oil states this meant receiving real money (as opposed to government-sponsored paper) in payment for their depleting oil reserves. For the industrialized countries, this meant a continuing supply of cheap oil to fuel the economic boom already in progress. These transactions were to be cleared through the bustling London gold market. Up until late 1996, the volumes were a tightly kept secret so “the deal” proceeded without the knowledge of the general public.
When the LBMA went public with its figures, it raised the shroud off “the deal.” But by then, according to ANOTHER, it no longer mattered. The oil states had already (almost inadvertently) cornered the gold market. As implied by ANOTHER’s own words, his motivation for these postings was the discovery by “big traders” in the Far East of this opportune facility to buy gold at ever lower prices. Their subsequent heavy purchases of physical gold upset the delicate balance. Now there was no longer a reason to keep it secret, and hence, the revelation of this extraordinary tale.
His choice to use an Internet forum to tell his story is surely a “story” in itself. Many who have read ANOTHER’s “THOUGHTS!” speculate why he would choose this particular venue for his revelations. Why not a magazine article? Or a book? Rather than turning this Foreword into a treatise on the merits of the Internet, let it suffice to say that if ANOTHER and his motives are as implied, then there is probably no better venue than the Internet; allowing his “THOUGHTS!” to be disseminated rapidly, anonymously, and without editing by intermediaries. In addition, they could be efficiently targeted to go directly to the core market audience — the gold analysts, brokers and investors who frequent such Internet sites as this, devoted strictly to the yellow metal. And after all, as a utility, isn’t this capacity for specialization and instant communication what the Internet is all about?
We encourage you to find time to read and consider these remarkable postings of ANOTHER with an open mind. In the field of gold and international economics, these posts are sure to remain as fascinating and worthy of careful study as anything you will find on the web today.
A note on the text: No attempt has been made to correct typographical errors, misspellings, punctuation, grammatical and/or textual errors as originally submitted. This archive of ANOTHER’s online commentary is presented here in its unedited entirety in the order his “THOUGHTS!” were posted via the Internet — beginning at the Kitco website (from October 1997 to April 1998) then proudly hosted here at our expanded USAGOLD website (from May 1998 onward) through mutual agreement and cooperation with ANOTHER.
Another question for Dr Batra;
What is your take on this;
** For Gold to find its truest value, all savers must retain their Gold for their own use. Its properly retained value will more than make up for the foregone interest income. Gold must not be lent! [Gresham's law alone is adequate to achieve this.]
The gold price will be stable because of two main factors:
1. SUPPLY – Gold will trade on a stable supply of above-ground physical gold in the absence of external influences like “paper gold” (Bullion Bank “BB” liabilities that can be created on demand by a mere book entry on a BB balance sheet, etc.).
2. DEMAND – Gold will also trade on a stable demand due to the global clarity that will emerge as to gold’s best and highest function—being only a physical wealth reserve asset and nothing else.
How we get there is easy to visualize. As the physical reserves within the BB system are all moved into allocated accounts, at some point the remaining claims will simply have to be cash-settled. At that point all paper gold markets will cease to exist and all that will be left is the stable supply of above-ground physical gold in the absence of external inflatable (or deflatable) influences.
I do not see this issue addressed anywhere in the mainstream media. Either they are numb or morons.