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Worzels World: Confessions of a heavy metal fan

 

Don’t worry about the heading. I will only mention Iron Maiden and Metallica once in this article, and now you are past them you will hear of them no more.

Long-time readers of my column will have read how what I call the Babylonian money magic system operates. I say ‘operates’ rather than ‘works’ because it doesn’t actually work except as a giant pyramid scheme. The global financial system, although touted as a free market, is highly controlled. Told that with ‘privatisation’ wealth will trickle down, it has rather been vacuumed up. Corporatisation that was said to bring greater efficiency and increased competition has instead resulted in monopolisation, increased costs and poorer service. We have not been given something different from what we were sold. We have been given the exact opposite. That’s just how the lying money magicians roll.

Readers will also be aware that I have also long prophesied the collapse of what is in reality a pyramid made of cards without real substance. Our current financial system is not backed by anything other than the promises of politicians. And people are gradually waking up to what these are worth.

I joke that if a prophet can’t make a dollar or two by sound investment then he’s not much of a prophet. Am I a prophet?

My own testimony is that although I have always worked to earn a living it is only through investment that I have ever increased my wealth. The problem with this though is that as I have gradually learnt more about the system, the more I have come to realise that almost all forms of passive income are essentially exploitative. The perennial Kiwi favourite of capital gain on real estate is entirely dependent on population growth and the sin of usury through interest on manufactured debt. Thankfully I already had a freehold property before I came to this knowledge.

If one does not wish to participate in legalised robbery then the options are limited. They do however still exist.

As part of my preparations for the coming global reset I went up to the counter at the premises of my friendly precious metal dealers and said ‘I’ve come for some of God’s money. I don’t reckon man’s money has got a lot of time left’. There is some validity to my claim. In the Old Testament books of the Bible, the Hebrew word for money and silver are the same. A shekel, much like the original English pound sterling, was a measure of weight in silver. They laughed at my approach but agreed with my prognosis. I was there for a while and was the only customer. At that time gold was selling at around NZ$1,700 an ounce and silver at around NZ$700 a kilo.

Since that time the daily cash rate has gradually fallen, inflation has gradually increased and in the first quarter of 2020 New Zealand’s economy officially went into recession. Globally interest rates have dropped to near zero percent and there is even talk of negative interest rates. That may still come.

At my last and probably final visit the queue of customers both buying and selling started at the counter and went down a flight of stairs almost to the front door. They had sold out of NZ silver and I had to buy some imported Aussie stuff. Recently gold peaked at a record breaking NZ$3,000 per ounce and silver at NZ$1300 per kilo. They have both come back a bit since then but I expect another surge in the not too distant future. It is my understanding that this is not because these metals have increased in value but rather that the dollar has decreased.

Both in my writing and in my conversation I have suggested to many that precious metals might be a good store of wealth rather than digital numbers in an account. The cost of a safety deposit box or an actual safe is usually less than a year or two of bank fees anyway, depending of course upon which particular banksters you deal with.

The Ardern government has just released its Pre-election Economic and Fiscal Update. This update is required under the ‘Public Finance Act’ before every election. It includes the latest projections on debt, spending, and the economy. Treasury is projecting at least 15 years of deficits, unemployment is to remain elevated for some time, and our economic recovery is to be slower than previously expected. Net crown debt is expected to be $269.3 billion or $149,600 per household by 2034. These are the treasury forecasts.

The NZ treasury has never been renowned for its accuracy but rather for its optimism in such things. As gloomy as these forecasts are, my own predictions are gloomier still. Since abandoning God’s money and the gold standard in 1971, the world has been living on credit. There is no longer usury on money, usury is the money. There will be hell to pay and the devil, as usual, is in the detail. He is not one to leave a debt uncollected. There is an old aphorism that goes ‘Gold is the wealth of Kings, silver is the money of gentlemen, and debt is the currency of slaves’. Where does New Zealand and New Zealanders stand here?

„ Feedback? Email prof_ worzel@hotmail.com

 
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