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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Monday, April 12, 2021

Hungarian central bank boosts its gold reserves by 3000%


1908 Hungary Gold 100 Korona

The Austro-Hungarian Empire collapsed and vanished in 1918. The Empire's paper money became worthless. But the Empire's gold coins hold their value to this very day.


Conservative Hungary

  • While the nations of the world go insane with open borders and print money by the TRILLIONS, we see Hungary close their borders to illegals and buy gold to back their economy.


The central bank of Hungary, the Magyar Nemzeti Bank (MNB), has just announced a purchase of a massive 63 tonnes of Good Delivery gold bars, and in doing so tripled the nation’s gold holdings from 31.5 tonnes to 94.5 tonnes.

In its press release about the huge transaction, published 7 April, the Hungarian central bank explains its rationale for the dramatic purchase of what is approximately 5040 large (400 oz) gold bars, highlighting that gold has no credit risk and no counterparty risk, and so reinforces sovereign trust over all economic environments (normal and extreme), while being one of the most crucial reserve assets that a central bank can hold.

Hungarian soldiers guarding gold bought from the UK in 2018.

From 10 Fold to 30 Fold


For those who may remember, this is not the first major gold purchase by the Hungarians in recent times, as the Hungarian central bank also caused shockwaves in October 2018 when it purchased 28.4 tonnes of gold, on that occasion increasing its gold reserves 10 fold from 3.1 tonnes of 31.5 tonnes, or a 1000% increase. See the BullionStar article “In surprise move, Central Bank of Hungary announces 10-fold jump in its gold reserves” from October 2018.

This means that over exactly two and a half years, the Hungarians have increased their sovereign gold reserves by a staggering 3000%, or 30 fold, from 3.1 tonnes to 94.5 tonnes, an absolute increase of 91.4 tonnes. How’s that for a conviction trade?

On the October 2018 occasion, the Hungarians purchased their 28.4 tonnes of gold at the Bank of England in London, and repatriated it back to Hungary in the same month, announcing the purchase and the repatriation at the same time, saying that ‘the repatriation has already taken place‘.

On this occasion, the MNB does not say where it bought its 63 tonnes of gold, but it may well have been again at the Bank of England in London. Nor does the MNB say if the 63 tonnes of gold has been repatriated to Hungary yet. However, going on the previous pattern from 2018, one would expect that yes it has been brought back to Hungary by plane and under heavily armed guard. 


A No Confidence Vote in the System


Interestingly, this time around in 2021, the Magyar Nemzeti Bank says that part of the motivation for the new gold purchase is in “managing new risks arising from the coronavirus pandemic”, which is a subtle way of saying that since central banks and governments around the world have used the Covid excuse to ramp up debt levels, ramp up quantitative easing and ramp up money supply growth, therein debasing their fiat currencies and introducing inflationary risks to bond holders, the Hungarians are simultaneously ramping up their physical  gold holdings to counter this insanity.

Or said in the diplomatic language of the latest Hungarian central bank press release, these concerns “further increase the importance of gold in national strategy as a safe-haven asset and as a store of value.

The language of the NMB in 2021 is also similar to that which it used in 2018 when the Monetary Council of the Hungarian central bank said it was buying large quantities of physical gold since:

“Gold is still considered to be one of the world’s safest assets, whose characteristics can be attributed to gold’s unique properties such as finite supply of physical gold, and lack of credit and counterparty risk given that gold is not a claim against a specific partner or country.”

and

“gold remains one of the safest instruments in the world, and, even under normal market conditions, provides a stability and confidence-building function.”

Read More at Zerohedge.com

The Olden Days
When Gold and Silver was Money

When gold and silver were money somehow the sun came up every day, children played, businesses did business, people went to work and lived their lives.  

But our ever so smart economists from the very best schools (who think loaning money to Greece is a good idea) tell us we are the "crazy" ones for wanting a stable gold backed currency and balanced budgets.  

White Woman Targeted for Rape in Revenge for Anti-Asian "Hate"



(National File)  -  An Asian man was arrested last night by California police, after abducting a woman who he thought was white so he could rape her in revenge for supposed anti-Asian hate crimes.

Irvine Police arrested Michael Sangbong Rhee, a 37-year-old Asian male, on Friday night for kidnapping with the intent to commit a sexual assault against an Asian woman. In a press release, Irvine PD said that Rhee forced the woman at gunpoint into the back of her car when she was outside her apartment complex on Thursday afternoon. 

After committing “sexual battery” on the woman, Rhee fled when she alerted a nearby maintenance worker. Rhee was later arrested and is currently being held on $1 million bail. A BB gun similar to the weapon described by the victim was found in his apartment.

However, despite the victim also being Asian, after questioning Rhee, Irvine PD detectives believe that “he targeted the victim because he thought she was white.” 

The detectives also believe that the attempted rape was committed in “retaliation for hate crimes committed against the Asian community.” 

Hate crime charges are being added by the detectives to the complaint already in process with the Orange County District Attorney’s office.

NationalFile.com

Man Tries To Rape A White Woman in Response to Asian Hate Attacks


Saturday, April 10, 2021

Saturday Sultress - Pin Up Girls
















COVID Gestapo Drive 53% of People Bankrupt



Marx & Mussolini Had a Baby

Marxist scum gleefully close private businesses and churches forcing the compliant Sheeple to go deep into debt with the corrupt Banks.
.
Welcome to Marxist-Corporatism.


(Zerohedge)  -  53% of Canadians are on the verge of insolvency and are $200 or less away from not being able to pay their monthly bills and obligations, while 25% took on more debt during the pandemic, according to a new survey by MNP.

The news comes as Canada's MNP consumer debt index hits a five-year high, and is a 10-point jump from a December survey, according to Bloomberg.


"The anxiety Canadians are feeling about making ends meet - or already unable to do so - tells us we may eventually see an avalanche of households falling behind on payments or defaulting on loans, mortgages, car payments or credit cards," said MNP president, Grant Bazian, in a Thursday report, which noted that government support programs which were meant to be temporary have alleviated the pain to some degree.

Households may have tried to save more and spend less amid the pandemic, and - to be fair - some have been very successful at doing just that. However, there are others who have taken on more debt due to job loss, wage reductions or desperately trying to keep small businesses afloat. 

According to MNP, a quarter of Canadians took on more debt amid the pandemic. Among respondents, 20 per cent said they used savings to pay bills, 14 per cent used credit cards, seven per cent used a line of credit, while three per cent took out a bank loan or deferred mortgage payments, respectively. -Bloomberg

"Those taking on more debt are becoming increasingly vulnerable to interest rate increases in the future. They might find that their debt becomes unaffordable when that happens," Bazian wrote.

Zerohedge.com


Big Brother Closes Churches

Friday, April 9, 2021

Friday Femmes with Firearms

 



A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.






Naked Democrat Lesbian LOSES lawsuit against Daily Mail

 


A Lesbian Three Way
,
  • An LA judge ruled against former Rep. Katie Hill Wednesday, finding the stories were of ‘compelling public interest’ and protected by the First Amendment.
  • DailyMail.com published texts and photographs that showed Hill had been in a throuple with her then-husband and 22-year-old staffer Morgan Desjardins.
  • The photos also included a nude picture of Hill holding a bong, and with a tattoo of an Iron Cross resembling a Nazi symbol on her bikini line.


(Daily Mail)  -  Disgraced former congresswoman Katie Hill has lost a lawsuit against DailyMail.com over revealing details of her three-way affair with a campaign staffer.

In a judgement handed down on Wednesday, Los Angeles judge Yolanda Orozco threw out Hill’s case, finding that the stories about her were of ‘compelling public interest’ and protected by the First Amendment.

In her ruling, the judge said arguments by Hill’s lawyers were ‘unpersuasive’, and that DailyMail.com’s stories about the former congresswoman were in the ‘public interest’ because they detailed her alleged affair with a campaign staffer, pictured her using drugs that were illegal at the time, and exposed her iron cross crotch tattoo which ‘resembled a white supremacy symbol that had become an issue during her congressional campaign.’

Texts and photographs obtained and published by DailyMail.com in October 2019 showed Hill had been in a throuple with her then-husband Kenny Heslep and 22-year-old staffer Morgan Desjardins.

More . . . .

Congress "Throuple" Hell!



Thursday, April 8, 2021

"Smart Mask" Alerts You (& Big Brother) if You Forget to Wear It

 


Naturally it is a Communist Chinese Smart Mask


(Summit News)  -  The World Economic Forum is promoting a ‘smart mask’ that tracks your breathing and alerts you via an app if you wear it improperly or forget to wear it at all.

Yes, really.

A video clip posted to the WEF’s official Twitter account this morning hypes the “the mask of the future,” designed by Chinese firm CirQ Technologies.

The smart mask tells you when to wash it, whether you’re wearing it properly, and alerts you via a sensor linked to a cellphone app when you’ve left it at home.

The environmental benefits of the mask are also touted as it would cut down on the number of disposable face masks that end up in land fills.

The fact that the mask can keep track of whether or not you’re wearing it let some respondents to suggest it could eventually be tied into a Chinese Communist-style social credit score system.

In China, the state has already linked its coronavirus tracking system to its social credit score program, dishing out punishments for those who fail to mask up or violate social distancing rules.

More at Summit.news

Vaccine Injuries in Last 3 MONTHS Are More Than Last 10 YEARS Combined