The Financial Idols
Are Coming Down

Dateline: 30 August 2015

Hugo Salinas Price

"If the monetary system of the world is not reformed, then we are headed towards the end of industrial civilization. I won't say that we're going to the end of humanity. But it's just going to be absolute collapse of our world as we have known it. Because it can not function on fiat money. And none of those who are responsible for this want to admit it. 
But that is a fact."
—Hugo Salinas Price 


Earlier in the year (around March) I was speaking with a man I've known since high school days. He owns a business with several employees. He's a smart and successful guy. I asked how his business was doing. He told me last year was a good year and he was expecting another good year this year. Then he said something that really surprised me. He said the stock market was doing great and he was making money there.

The instant he said that I realized my friend was getting all his financial information from the mainstream, corporate-media propaganda purveyors. He was gauging the health of the American economy by the American stock market. He seemed to be unaware (or unconcerned) that the stock market was artificially high; that it no longer reflects economic reality.

I must have made some sort of facial response at his comment about the stock market because he then said, "Don't you think things are looking good for this year?" I mumbled something about problems brewing in Europe and the world economy being so interconnected. He replied, " Well, yeah." and that was the end of the economic discussion.

That conversation bothered me for days. It bothered me because if my friend is so hoodwinked by the mainstream news media, and blind to the serious fundamental economic problems that underly our economic system, then most of the country must also be similarly ignorant of these things. That is disturbing.

But, for my part, I may be totally blind to anything hopeful or optimistic about the world economic situation. And that's because, instead of watching and listening to MSNBCBS (or whatever those those television stations are now) I regularly (as in, several times a day) check out the articles at Zero Hedge. If you want alternative economic perspective, Zero Hedge is the place to start. And I really do think that web site reflects more of the reality of our world economic situation better than any other source. The recent "Black Monday" stock market crash was no surprise to Zero Hedge readers.

I'm sure many people who read this blog (a very aware group of contrarians) are already tapped into Zero Hedge.

Only God knows exactly how, in His providence, He will tear down the modern idols of The Love of Money, Trust in Money, and The Love of Ease and Affluence. But it would appear that we are coming much closer to a perfect storm of financial chaos on a worldwide level. Actually, we're already seeing a confluence of smaller storms already wreaking their carnage, and they will coalesce at some point.

The fundamental problem in the financial world is debt. Too much of it. It can't all be paid. It won't all be paid. National economies, managed by central bankers, will default in some manner on their loans. The worldwide banking system may seize up, as almost happened in 2008.

If that happens, all bets are off, so to speak. The just-in-time distribution of goods and services would then be severely impaired. 

No country, no bank, no persons will take responsibility for the financial crisis to come. All parties will be pointing fingers at other parties and making accusations. American politicians and financial heads will probably accuse the Chinese and the Russians (the usual suspects). But if any country is to blame, it is America, and the rest of the world knows it.

Our American dollar, the world reserve currency that was once "good as gold," is no longer so, and this nation has run up more unplayable debt than anyone.

Watch out for the Powers That Be in Washington DC (an entity with interests separate from the people of the United States of America) as they will likely identify more nations in the world that we must clandestinely destabilize, or go to war with. War is a diversion. War is big business. War is necessary to perpetrate the Empire of Washington DC.

The alternative economic scuttlebutt is that the American dollar will eventually cease to be the world reserve currency. This eventuality is already in the works. There will be some sort of new monetary scheme. Or, if things really fall apart, there may not be a global monetary scheme for some time.

My advice, for what it's worth, has not changed over the years. I routinely direct readers of this blog to my January 2008 post titled, An Agrarian Economic Self-Defense Plan. More recently, I posted A Different Perspective On Wise Investing, which meshes perfectly with the agrarian self-defense plan.

The way it looks to me, making money by investing (especially in conventional ways) is a moot subject. The challenge anyone with money faces these days (if they are cognizant of current economic reality) is not making more money, but preserving the money they already have. 

I have to laugh at some alternative financial interests who advertise that there are ways to profit from the coming collapse. That's Pride and The Love of Money for you.

I don't reckon anyone below the 1% is going to profit from this coming crisis. And I suspect that many of those 1% will also be victims. Living an ostentatious (or even just prosperous) lifestyle may be a liability in the days ahead.


As an aside, if you have not already seen Kathy Lee Gifford's Eulogy To Frank, please take a few moments to watch it. You will be blessed.

The one part of the eulogy that sticks in my mind is Frank Gifford's early life during the Great Depression. His family moved more than 50 times as his father tried to find work. They ate dog food to survive, and they were thankful for it.

Those people, like Frank Gifford, who experienced the reality of a financial depression are now pretty much all gone. Few Moderns have a clue about how difficult life will be in the next depression that lies before us. 

First Pigs

Dateline: 29 August 2015

(click picture for larger view)

We have finally gotten around to raising some pigs. My youngest son, James, took the initiative to get them and put a fence up for them. But it has been a team effort, with Marlene and I helping. They are fenced in on the lower part of the 16-acre property we bought three years ago. The picture above shows our field in the background. James and his wife live in the house that came with the property.

Pigs really do like mud. When they were first fenced in, there was a very wet spot for them to wallow in, but it has since dried up. In the next picture I poured two pails of water on the ground to give them some mud. They were very pleased with that.

Thus far, raising two pigs has been simple to do, and they are fun to watch. I'm pretty sure we will be doing this again.

Vintage Butchering Tools

Dateline: 28 August 2015

click picture to see enlarged view

I've been butchering this year's crop of meat birds over the last three days. My New Outdoor Sink has been an incredibly useful tool. I don't know why I didn't make one years ago. And the Whizbang Toe-Tapper faucet switch worked perfectly. I couldn't be more pleased.

I used a few new-old butchering tools this year. Two of them are pictured above. I bought the butcher's steel for less than $20 at an antique shop. It's a beauty. The steel is 14" long. Walnut handle with swivel hanging loop.

I almost didn't buy the steel because it had a light patina of rust on it. But on close inspection I concluded that I could remove the rust. I used a fine brass wire wheel in my bench grinder to clean up the steel. Half an hour of work and it was like a new tool. 

The cleaver is a Foster Brothers 1190. I looked at a lot of antique cleavers over the years and none really appealed to me. But when I saw the Foster Brothers 1190, I knew that was my cleaver. $25. 

I used the cleaver to separate chicken backs from breasts where the two parts connect at the neck. A couple of carefully-placed whacks and the parts were cleanly separated. It's a whole lot easier than using a knife, which is the tool I've used for many years at this stage of parting a chicken.

And we typically remove wing tips before freezing. Cleaver-cutting wing tips was downright fun. 

It turns out that the Foster Brothers company was a Central NY business, located not far from where I live. If you're interested, you can learn more about the company At This Link. Here's a picture of a Foster Brother's employee, back in the day, grinding the edge on some meat cleavers...

Sharpening cleaver blades at the Foster Brother's Company

The other vintage butchering tool I used this year for the first time is a French poultry killing knife that was made by the G.P. Pulling Company...

Vintage French poultry killing knife

I learned about the knife from the book, Caponizing, by George P. Pilling (click link to purchase an inexpensive copy). 

The idea of a French poultry killing knife is that, instead of cutting a chicken's neck to bleed it, you skillfully sever an artery in the back of the bird's mouth. 

That old knife is a very rare item. I bought it on Ebay for $30. I waited a long time for one to come up for sale.

In a future blog post (when I have more time to write) I will further discuss the French poultry killing knife and my experience with slicing the artery at the back of the throat.

Nicely sharpened French poultry killing knife.

My New Outdoor Sink

Dateline: 23 August 2015

click picture for larger view

Yesterday I finally got around to putting the finishing touches on the outdoor sink of my dreams. I've been planning to make this thing for years

The old, single-bowl sink with two flanking drainboards was made in 1950. The date is cast into the bottom. It's a very heavy sink. We salvaged it from out behind my parent's barn back in 1999, and have used it over the years to process chickens.

I typically set it up on a couple of sawhorses for processing day, and put it away afterwards.

But the sink is now installed into the front of a homemade Whizbang garden cart and I have it elevated so it is regular kitchen sink height of 36" (sawhorse height was too low for comfort). 

If you look at the picture closely, you will see a Whizbang Toe-Tapper faucet switch is mounted to the front of the cart. Such placement makes it a Whizbang thigh-or-hip-tapper faucet switch. Very convenient.

Water drains through a pvc pipe out to the other end of the cart, into a plastic pail on the ground. The pail has small drain holes in it.

The patio umbrella and pot rack with hooks make for more comfort and efficiency.

I can unhook one hose connection to the Toe-tapper and easily move the cart (and sink assembly) anywhere I want to.

This sink is right behind our house, near the main entrance door, and it has very quickly become something akin to an outdoor kitchen. The first day it was there, Marlene used it to wash green beans before canning them, and she also cut up some cabbages to make a batch of sauerkraut. I had a small problem with one of my Plasson chicken waterers and fixed it at the sink. I also washed a pair of cloth gloves in the sink. This will be the place to wash apples for making cider this fall. And it will be ideal for washing dandelion roots when it comes time to make my yearly batch of dandelion root tea.

My incentive for getting the sink done now is our meat birds. They are almost ready to process.

meat birds in the background

"One More Time"

Dateline: 18 August 2015

Futureman feeding the meat birds.

Metaphorically speaking, I've been skiing ahead of an avalanche all summer. It has been an enormous challenge to keep up with the daily demands of my Planet Whizbang business.  I'm not sure how many more years I can maintain the pace. But things should slow down in another month or so. I'll be glad to see it. Hopefully, I'll have more time to blog here. I've had lots in mind to write but little time to get it written.

For example, I didn't even post a blog about Futureman visiting us earlier in the month! He was here for two weeks and learned all about chickens in chicken tractors. He would help me feed and water and move the tractors every day.

He also had a bug jar into which he collected grasshoppers, and then fed them to the chickens. It's all pretty exciting to a little boy.

Futureman with his bug jar.

Speaking of exciting, before Futureman left to go back to Toledo, I decided to make an impromptu video of him riding in my garden cart.  I posted the film to YouTube today, primarily for Futureman (in Toledo) to see, but you can see it too....

Here's Why Modern Banking Is An Evil System Of Economic Oppression

Dateline: 12 August 2015

My previous blog post, Considering BitGold (It's NOT A cryptocurrency), has me thinking about the banking system. Ever since I learned the fundamental truth about banks (and bank loans in particular) some 40 years ago, I have sincerely loathed the banking system. This loathing is, I'm sure, a big part of the reason that BitGold appeals to me.

In my book, Writings of a Deliberate Agrarian, I have a chapter titled, My Debt-Free Home And A Personal Testimony. In that chapter I tell the story of how I would not go to a bank for a loan to build (or buy) a house after my wife and I were married back on 1980.  I stated that I would rather live in a shack, debt free, on the 1.5 acre of rural land we had just saved for and bought, than live in a house that the bank owned. (To some degree, we did build a shack to start out. The house was very small, unfinished, and covered with tar paper for many years. But I digress.)

In this blog post I want to shine a light on the immoral, psychopathic loan scheme that banks routinely perpetrate on the unknowing masses. What I’m about to share with you is not common knowledge, but it should be. This fundamental truth about our evil banking system should be shared with all your friends and family. Our children should be taught the evil of banks and bank debt from a young age.

Modern banking can be very difficult to understand, and I don’t understand it all, but I understand the evil bottom line that I’m about to share with you. This evil bottom line is very simply that when a bank loans you money, it is Ex nihilo money.

Ex nihilo is a Latin phrase that means "out of nothing.” Ex nihilo is typically associated with the Christian account of creation. The Bible says that God created the universe and all that is in it—that He created it out of nothing (He spoke it into existence). 

Ex nihilo creation is a divine attribute that the banking system has appropriated for it's own profit. The banks do this by creating credit-money Ex nihilo when you go to them for a loan. The more popular expression is that banks create money for loans “out of thin air.”

Unless you are already familiar with this Ex nihilo creation of "money" by the banks, it sounds kind of unbelievable. But as proof of this claim, I would like to introduce the following YouTube film clip. In less than 2 minutes, two international bankers make it perfectly clear that when someone gets a loan from a bank, the bank creates the money “out of thin air.” Here is the link: Where Does Money Come From

You can also learn more At This Link

In the case of our home (the little, tar-paper house my wife and I built shortly after we were married), my wife’s father, Jay Myers, loaned us $10,000. He was a retired dairy farmer. Jay accumulated the money that he loaned us by working hard (very hard), sacrificing, and saving it. He did not create it out of thin air. 

But that isn’t how it is with bank loans. Banks don’t work to earn the money they loan to their “customers.” They do not expend time and their life energy to accumulate the money they loan. They do not personally sacrifice anything to get the money. They just create an entry in a ledger and loan it to you. Prior to them making the credit-loan, the "money" did not exist.

That is, as the saying goes, a fact, Jack. Now for the even more incredible aspect of this banking scam…

If you borrow money that was created out of thin air from a bank, the bank fully expects you to pay the money back. You know this already, of course, but I just want to put it in perspective... 

You are not allowed to pay the loan with money you create out of thin air. You have to expend your time, your talent, and your life force in order to earn the money to pay the bank.

I hope you see the wickedness of this system. There is more….

If, for whatever reason, you can’t pay back the credit-money the bank created out of thin air, or if you can’t pay it back on time, the bank will foreclose on your property. Again, you already know this, but I need to point it out. The bank will take practically everything you own of any value in an attempt to get their “money.”

A story of bank foreclosure was recently related to me by distant family members. The local Law came to the couple’s home and informed them that they had to leave. When asked what they could take with them, the Law told them they could take their clothing. Everything else belonged to the bank. 

In that particular instance, the couple had a thriving greenhouse business at their home, and income-generating commercial rental property in town, but they had fallen $11,000 behind in their bank payments because an employee was embezzling money. 

Being in a difficult situation, the couple had a $100,000 line of unused credit at the bank and figured they could tap into that to get them through the crisis. But the bank informed them that their line of credit no longer existed.

When it was all said and done, the couple lost everything they had worked all their life for up to that point (over half a million dollars in total loss). 

Stories like that are common when it comes to bank loans, especially when the economy goes bad (and the economy always goes bad eventually). The incredible injustice of it is, once again, that the banks create the money out of thin air, and when it can't be paid back, the banks want tangible items of real value to satisfy their loans.

If all of that isn’t bad enough, there is the aspect of interest (usury). The banks create money out of thin air, expect you to pay it all back, AND they want you to pay even more for interest. It is insult on top of injury. 


This fundamental lesson in thievery should make you suspicious of banks in general, especially the big banks. The big banks are perpetually scheming and developing techniques for fleecing the masses. You would think that creating money out of thin air, loaning it to people, and charging interest would be sufficient to make the banks all the money they could ever want (all without working for it). But the modern banking system is never satisfied. It always wants more money. Banking is the epitome of greed.

And when the bank’s greed gets them in trouble, as was the case back in 2008, they expect the government (American taxpayers) to bail them out. Fact is, back in 2008, the banking system’s top people in government (former high-level bankers hold the high-level positions of finance in our government) told the American congress there was no other option but to bail the banks out. 

Calls to Congress by Americans were 100 to 1 against any bailout of the banks back then. But Congress bailed out the banks. 

We now have government of the corporations, by the corporations and for the corporations, with the banking corporations being the most powerful. Or perhaps they are a close second to the military-industrial corporations.

It's easy to go off on a rabbit trails when it comes to banks with their greed and corruption. My point with all of this is that there is more than meets the eye when it comes to bank loans, and I don't think that borrowing money from a bank is wise. I know that practically everyone does it, but that is beside the point. 


This same principle of Ex Nihilo money creation by the banking industry is also used in a big way to acquire the wealth of developing nations. The reality of this is mind boggling. Check out This 2-minute YouTube Movie. It is an excellent overview of how the game is played out. The narrator is John Perkens, a former "economic hitman." 


I should make it clear that this blog post is not directed at all the people who work for banks. My brother-in-law is in banking, and he's a truly great guy. My daughter-in-law also works in a bank. Although I personally would have moral reservations about working in a bank, there are plenty of decent, respectable folks who do work in banks. It's the banking system itself that is corrupt.