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Yes it's Getting This Bad: We Now Have to Wear Our Wealth

June 15, 2013

It turns out that Mr. T has been showing us a way to survive The End Of The Monetary System As We Know It (TEOTMSAWKI) all along.

If you’ve been paying any attention at all, you know we are getting very close to a complete collapse. In Europe, they are confiscating funds directly from people’s bank accounts. The USSA, and Canada by the way, have become complete surveillance states. So much so that to even go public with knowledge of what is going on, as Edward Snowden has apparently done, is treasonous. That word treason has very different applications depending on whether you believe in theft and violence based collectivism or in individual liberty.

If you believe in collectivism, then exposing the creepy privacy-obliterating spying of your government on the citizens it claims to protect is called treason. If you believe in individual liberty, this is merely called telling the truth. And speaking truth to power in a government as thoroughly corrupted as the US government is an act of bravery. As closet anarchist, Ron Paul has said, “truth is treason in the empire of lies”.

What has it come to? In order to protect some of your wealth in a time when capital controls are closing down in the West, you either have to store your wealth in your brain (by remembering your Bitcoin passphrase) or wear your gold.

Yes, it has come to this. If you want to escape from the West with the majority of your assets in tact you actually have to wear your gold.

I may be exaggerating slightly as there are other options as we talk about in Getting Your Gold Out Of Dodge, but it is very close to reaching this point. Many US airports have “cash sniffing” dogs. The funny part about that is that “cash” as we know it today is not even real wealth. It is a piece of paper with pictures of dead criminals and a pyramid with an all-seeing eye on it, at least in the United States.

In India, wearing one's wealth is nothing new, but at Indian airports, wearing too much can land you in trouble just like having too much cash can in the US. Indian customs rules limit how much gold can be worn by female passengers and male passengers, and discriminate between resident and non-resident Indians. Not declaring the gold can result in arrest. Also, not mentioning gold jewelry on the departure slip when traveling abroad can result in trouble upon the return.

Of course, trying to carry gold across borders isn't recommended. Borders are essentially lawless places where you really see the true nature of governments. Arbitrary restrictions on who and what are allowed to pass, obnoxious government agents who order people around, rifle through their belongings and do pretty much whatever they want. Borders are a taste of life in prison.

Borders are places that really remind people that they are slaves and that what they have can be taken from them by the government without any recourse. As I always do, I work to find ways to free slaves from captivity and retain their hard earned wealth. On this level, TDV contributor Pete Kofod and I had an idea a few years ago to find a way to wear your wealth.

As most know, going to your local jewelry store will find that you pay massive amounts above the true melt value of the gold and silver jewelry. Pete Kofod and I attempted to start an enterprise to create jewelry that cost very close to the melt value of the necklace. Unfortunately, Pete and I were sidetracked.

In the meantime, Owings Metals has created wearable wealth. It is jewelry that you can wear which is both easy to trade and to verify.

As with all things I do I have contributed to their process. The cost is a bit higher than I’d like to see, but as with all things new I think the margin will decline over time. Just as a 50” Plasma LG TV cost me $15,000 in 2001 and now costs $500, this wearable wealth will become more affordable over time as premiums shrink.

I highly advise anyone with any amount of wealth that they want to protect to endow themselves, their wives (or partner) and family with at least some wearable wealth.

You might not believe me, but sh*t is about to get real and you may thank me afterwards. Any prudent person should have a few gold related pieces of apparel for the worst case scenario.

 

Anarcho-Capitalist. Libertarian. Freedom fighter against mankind's two biggest enemies, the State and the Central Banks. Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast,Anarchast. Jeff is a prominent speaker at many of the world's freedom, investment and gold conferences as well as regularly in the media.

Anarcho-Capitalist. Libertarian. Freedom fighter against mankind's two biggest enemies, the State and the Central Banks. Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast,Anarchast. Jeff is a prominent speaker at many of the world's freedom, investment and gold conferences as well as regularly in the media.


In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.
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