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Edited by Alfred Adask
Friday, July 11th A.D. 2014

Between Friday, July 4th, A.D. 2014 and Friday, July 11th, A.D. 2014, the bid prices for:

Gold rose 1.4 % from $1,320.50 to 1,339.00

Silver rose 1.4 % from $21.15 to $21.45

Platinum rose 1.1 % from $1,492 to $1,508

Palladium rose 1.0 % from $862 to $871

DJIA fell 0.7 % from 17,068.26 to 16,943.81

NASDAQ fell 1.6 % from 4,485.93 to 4,415.49

NYSE fell 1.5 % from 11,104.70 to 10,936.40

US Dollar Index fell 0.0 % from 80.25 to 80.19

Crude Oil fell 3.2 % from $103.77 to $100.49


"Only buy something that you'd be perfectly happy to hold
if the market shut down for 10 years." --Warren Buffett 

"If the markets shut down for 10 years, what investment would you dare to hold-- 
other than gold"? --Alfred Adask

The Foundation of Hyperinflation


by Alfred Adask




A lot of people agree that America is heading for a second "Great Depression".  A lot of people disagree as to whether the next economic depression will be
deflationary or hyperinflationary

In both alternatives, an economic depression would cause rising unemployment, business failures, and increasing poverty over a prolonged period. 


But, in a deflationary depression (like the Great Depression of the 1930s) the money is deflated and becomes more valuable.  What you might buy for $100 today might sell for $80 next year and $60 the year after that.  Prices fall, the purchasing power of the dollar rises, and "cash" becomes "king". 


A deflationary depression is dangerous because falling prices make it difficult for businesses to make a profit.  A manufacturer might pay for the parts, materials, tools and labor to build a product which he expects to sell for $100 and make a $20 profit.  But if he can't sell that product almost as soon as he manufactures it, his expected price of $100 might fall to $90 or even $80 before he can sell it.  If he gets caught in that deflationary price squeeze, his accounting will show that he's selling products for less money than they cost to build, and he'll therefore go broke.


If the manufacturer goes broke, his workers become unemployed, there'll be less money in the economy, and the prices for remaining goods and services will sink even lower. 


Because America lived through a deflationary depression in the 1930s, we tend to think of deflationary depressions as "traditional," predominant and perhaps the only kind of depression that we might ever see again.


But that's not necessarily true.


*  We've also seen hyperinflationary depressions in Germany in the 1920s and Zimbabwe in the 2000's. 


Hyperinflationary depressions and deflationary depressions are similar in that both are characterized by rising unemployment, slowing business activity, and increasing levels of poverty among common people.   However, these two kinds of depressions differ in terms or what happens to the value of their currencies. 


During a deflationary depression the value of money rises and "cash is king" (a little money can buy a lot). 


During a hyperinflationary depression the value of the currency falls dramatically and "cash is trash" (a lot of currency may buy almost nothing). 


That hyperinflationary "cash is trash" phenomenon is why it required a wheel barrel full of German Marks to buy a loaf of bread in the 1920s and, in the 2000s, Zimbabwe posted signs on public toilets warning people not to use Zimbabwean paper dollars as toilet paper (Zimbabwean dollars didn't dissolve and therefore clogged the sewers).  The Zimbabweans' use of their currency as toilet paper is the ultimate example of hyperinflating cash becoming "trash".


*  In the event of another US depression, it's important for American investors to anticipate whether that depression will be deflationary or hyperinflationary.  Why?  Because, depending of the kind of depression, the investors' "cash" might become "king" or might become "trash". 


I.e., if we're sliding into a depression and an investor wants to at least preserve and possibly increase his wealth, it's critical that he know whether the depression will be deflationary (when the value of "cash" will increase) or hyperinflationary (when the value of cash will plummet).  If the next depression is deflationary, the smartest investment you could make is save up a huge stack of paper dollars and wait for them to become more valuable.   If the next depression is hyperinflationary, the value of paper dollars will be decimated and those who save dollars now will be ruined.   

So, will the next depression be deflationary or hyperinflationary?


Investors who answer that question incorrectly will lose their assets.  But even small investors who answer that question correctly could become fabulously wealthy.


*  Assuming that we're heading into an economic depression, how might we predict whether that depression will be deflationary or hyperinflationary?


Well, as the Anglo-Irish statesman, author, and philosopher Edmund Burke (A.D. 1729-1797) famously observed, "Those who don't know history are doomed to repeat it." 


Burke implied that:  1) history runs in cycles where economic and political circumstances that occurred previously will, in a general sense, tend to occur again; and 2) a primary means of anticipating and coping with the future is to know the past.

For example, we know that most people lose their wealth in an economic depression.   We can therefore anticipate that if there's another depression, most people (including you and me) will lose their wealth and standard of living-unless they study the history of depressions to learn why most people tend to lose their wealth.  If we can learn from history, we can learn how to avoid our predecessors' mistakes and preserve or even increase our own wealth in the next depression.


I haven't yet studied all economic depressions.  I've only looked superficially at three:  that of Germany in the 1920s; that of the US in the 1930s; and that of Zimbabwe in the 2000s. 


Even so, my cursory examination of history has revealed a common denominator which I suspect may reliably predict whether our next depression will be deflationary or hyper-inflationary:  the nature of our currency.


*  Let's review:


In the 1920s, Germany's "Weimar Republic" suffered a hyperinflationary depression wherein the economy collapsed and the Mark's value fell so rapidly that it required a wheel barrel full of German Marks to pay for a loaf of bread.


In the 1930s, the US suffered the Great Depression where the economy collapsed but the dollar became increasingly valuable.   What cost $10 last year might only cost $8 today and $6 a year later. 


According to Wikipedia, in Zimbabwe's depression of the 2000s, their hyperinflation rate peaked in November of A.D. 2008 at 89,700,000,000,000,000,000,000%.  Lessee-lemme count the sets of three zeroes-we have hundreds, thousands, millions, billions, trillions, quadrillions-what comes after quadrillions? "Sextillions"?  I don't recall.  But Zimbabwe had a peak annual inflation rate of almost 90 thousand quadrillions!


There are just over 31 million seconds in a year. If we divide Zimbabwe's peak annual hyperinflation rate (90 thousand quadrillions) by the 31 million seconds in a year we learn that Zimbabwe's peak hyperinflation was running at nearly 3 quadrillion percent per second.  In the time it took to say, "I'll give you 5 billion Zimbabwean dollars for that Snickers bar," the price could've risen by several quadrillion times.  That's not "inflation," or even "hyper-inflation"-that's a kind of economic madness on speed and LSD. 


*  The first lesson to be drawn from comparing these three episodes of economic depression is that during the deflationary depression of the US, "cash (especially savings) was king" but during the hyperinflationary depressions of Germany and Zimbabwe, "cash (especially savings) was trash".   


If you had a decent job, a fixed income, or adequate savings, you might be able coast through a deflationary depression since the value of your earnings, subsidies and savings was constantly growing.


On the other hand, during a hyperinflationary depression, your savings and fixed incomes (pensions, welfare, etc.) would be quickly wiped out.  Under a 100% inflation rate, after a year, your $100,000 in savings would purchase only $50,000 in goods and services.  After two years, $25,000, etc.  If the inflation rate was 1000%, the purchasing power of your $100,000 in savings would be $10,000 at the end of one year, and only $1,000 at the end of two years.  At the end of three years, the purchasing power of the $100,000 you spent years struggling to save would be reduced to $100-barely enough to take your wife and kids out for a cheap dinner and a movie.


If you relied on So-So Security or some other retirement or welfare program to support you during a period of hyperinflation, your monthly $1,200 check from So-So Security would be quickly reduced in purchasing power-as would your standard of living.    

If you relied on the (fairly) "fixed" income from a regular job, you'd also be quickly impoverished by hyperinflation.  Suppose you were making $50,000 a year when 100% hyperinflation began-by the end of that year, your $50,000 income would only purchase $25,000 in goods and services.  100% annual hyperinflation could cut your annual income by half.  Can you live on half of what you currently earn?   


During hyperinflation, the only way to even survive is to spend every nickel that falls into your hands just as fast as you can.  If you saved anything (rather than spent immediately) in the medium of your hyperinflating currency, your savings would quickly disappear.


Thus, we can see that during a deflationary depression, "savings (denominated in the currency) are king"-but during hyperinflation, "savings (denominated in the currency) are trash". 


The only way to survive hyperinflation is to hustle, hustle, hustle, every moment of the day.  You must increase your prices every day, every hour, every minute.   You'd have to be geared mentally and morally to rob everyone you met by paying less for what they wanted to sell and demanding more for whatever you were selling.  (They'd try to do the same to you.) Or you could become a bank robber or cat burglar to rob others. (Others would also become crooks to rob you.)  Then, you might survive.   However, if you were too old, weak, cowardly, ignorant or unintelligent to "hustle," you'd slide into poverty or premature death. 


When the hyperinflation finally ended, you'd be exhausted and you'd have absolutely no savings denominated in your national currency.


How can anyone run a "capitalist" economy, if the capital has been wiped out by hyperinflation?


*  The big lesson to be learned from the history of the German, US and Zimbabwean depressions is glimpsed from Wikipedia's description of the German hyperinflation of the 1920s:


"The hyperinflation in the Weimar Republic was a three-year period . . . between June 1921 and January 1924. . . .  In order to pay the large costs [debts] of the First World War, Germany suspended the convertibility of its currency into gold when that war broke out."


In A.D. 1914, Germany suspended the Mark's gold backing.  The Mark became a fiat currency.   Hyperinflation didn't begin until seven years later (A.D. 1921).  But note that Germany's hyperinflation occurred in relation to a fiat currency that was not backed by gold or silver.



"Because reparations [post-WWI debts] were required to be repaid in hard currency [gold or silver] and not the rapidly depreciating Papiermark, one strategy Germany employed was the mass printing of bank notes to buy foreign currency which was in turn used to pay reparations."


In the 1920s, Germany "mass printed" fiat Marks in order to avoid paying its reparation debts in gold or silver. 


Today, the US government-which has run up a national debt of between $17 and $200 trillion-has been "mass printing" and inflating the fiat dollar in order to avoid paying that debt in full.


In the 1920s, Germany could "mass print" Marks because they were fiat and unbacked by gold or silver. 


Today, the US can "mass print" dollars under Quantitative Easing because the dollar is a fiat currency.


"During the first half of 1922, the Mark stabilized at about 320 Marks per Dollar. . . . inflation changed to hyperinflation and the Mark fell to 800 Marks per Dollar by December 1922. . . .  By November 1923, the American dollar [which was still backed by gold] was worth 4,210,500,000,000 German marks."


The fiat Mark's value fell from 320/gold-backed-dollar to over 4 trillion/gold-backed-dollar in just 18 months.  The mere thought of such extraordinary change in monetary value is chilling.


*  According to Wikipedia,


"The economy of Zimbabwe shrunk significantly after 2000, resulting in a desperate situation for the country and widespread poverty and an 80% unemployment rate."


As was 1920s Germany, 2000s Zimbabwe was in a depression.  


(Coincidentally, the US is currently in a recession and may slide into a depression.  Some claim we have already entered into another depression.)


"The participation from 1998 to 2002 in the war in the Democratic Republic of the Congo set the stage for this deterioration by draining the country of hundreds of millions of dollars."


Just as Germany in the 1920's was deeply in debt due to World War I, Zimbabwe in the 2000s was also deeply in debt due to a war in the Congo. 


(Coincidentally, today, the US government is also deeply in debt some of which can be attributed to our recent wars in Afghanistan and Iraq.)


"Hyperinflation has been a major problem from about 2003 to April 2009, when the country suspended its own currency." 


Hyperinflation killed the German Mark that existed immediately after WWI.  Hyperinflation also killed Zimbabwean dollar.  Zimbabwe still has no national currency, but relies on foreign currencies to conduct domestic transactions.


(Coincidentally, the US dollar has lost 95% of its purchasing power over the past 40 years.   This loss was caused by inflation rather than hyperinflation.  But we are left to wonder how much time remains before a currency that's lost 95% of its former value loses the remaining 5% and dies.)


"Zimbabwe's peak month of inflation is estimated at 79.6 billion percent in mid-November 2008." 


There are almost 2.6 million seconds in a 30-day month.  If we divide the 80 billion percent hyperinflation rate of November, by the 2.6 million seconds in that month, we see that during the height of the Zimbabwean inflation, prices were rising at the astonishing and incomprehensible rate of roughly 30,000 per cent per second.   The mind boggles.  How is that possible?  How is that even conceivable?


Germany's hyperinflation rate also reached the tens of billions level in the 1920s.

Once hyperinflation begins, it can quickly rocket to levels that are not only incomprehensive, but seemingly impossible.


*  Wikipedia described causes for Zimbabwean hyperinflation as follows:


"A monetarist view is that a general increase in the prices of things is less a commentary on the worth of those things than on the worth of the money. This has objective and subjective components:


"Objectively, that the money [actually, "currency"]has no firm basis to give it a value.


"Subjectively, that the people holding the money ["currency"] lack confidence in its ability to retain its value.


"Crucial to both components is [government] discipline over the creation of additional money."


Hyperinflation is an expression of the public's loss of confidence in the persistent value of their currency.  That confidence is lost because:


1)    the currency has "no firm basis" (gold or silver backing) "to give it value"; it is a fiat currency.


2)    the government lacks monetary discipline and prints too much currency.   The currency can only be "mass printed" if it's fiat


Gold imposes a "discipline" on the creation of money and government spending because governments can't "print" gold.  Governments hate monetary discipline.  That's why they hate gold-based money and delight in fiat currencies. 


(How much monetary "discipline" can be attributed to "Helicopter" Ben Bernanke or "Whirlybird" Janet Yellen?)


Common Denominators:  When comparing the German hyperinflation of the 1920s to the Zimbabwean hyperinflation of the 2000s, we see:


1)    Both nation's governments had recently emerged from a significant war.

2)    Both nation's governments were deeply in debt.

3)    Both episodes of hyperinflation were so intolerable that they were fairly brief and lasted only 3 to 6 years. 

4)    Both nations' hyperinflation killed their national currency.

5)    Both nations' currencies were fiat-neither was backed by gold or silver.


US Deflationary Depression of the 1930s

1)    Deflation was predominant for most of 10 years.

2)    The US dollar not only survived but increased in value.

3)    The US dollar was backed by gold domestically until A.D. 1933 and by silver until A.D. 1968.  The US dollar was not a fiat currency during the Great Depression.


Strong implications:  

1)    Hyperinflation follows war.

2)    Hyperinflation follows great governmental debt.

3)    Hyperinflationary depressions occur when the national currency is fiat and is not backed by gold or silver.

4)    Deflationary depressions occur when the national currency is backed by gold or silver.


  • *  Coincidentally

1)     The US government has recently emerged from wars in Afghanistan and Iraq.

2)    The US government is the biggest debtor in the world owing at least $17 trillion, and perhaps over $200 trillion.

3)    The US dollar is a fiat currency.  (It's not backed by gold, silver or anything tangible.)

4)    The US dollar has already lost 95% of its former value.


*  Predictions:

IF a US depression is coming:

1)    It will be hyperinflationary (because the US dollar is a fiat currency and government's debt is overwhelming) rather than deflationary (which requires a gold or silver-based monetary system). 

2)    Those who store their wealth in the form of cash (fiat dollars) or US bonds will lose most or all of that wealth. 

3)    Those who rely on Social Security or other retirement programs denominated in US dollars will see their incomes slashed by 50%, 80%, maybe more. 

4)    There'll be exceptions, but those who store their wealth in the form of paper equities (stocks) denominated in fiat dollars will almost certainly lose most of their assets.

5)    Those who have brains enough to store their wealth in the form of physical gold and silver should see their wealth at least preserved and probably increased dramatically.


*  There's a story of a boy who worked as a bellhop in a German hotel prior to the hyperinflation of the 1920s.  One day the boy received a one-ounce gold coin as a tip from a rich hotel patron.  The boy saved that gold coin.  Later, during Germany's hyperinflationary depression, the boy bought that entire hotel for the one-ounce gold "tip".   


I don't know if that story is true or apocryphal, but it illustrates what can happen during a period of hyperinflation for those who store their wealth in the form of gold and silver.  During a hyperinflationary depression, such people may be fantastically enriched.


Depressions are deflationary if the money is backed by gold or silver and hyperinflationary if the currency is fiat.


The US dollar is fiat.  Therefore, if we see another depression, we should also see hyperinflation


Got gold?

News in Brief


US wholesale stockpiles rise at a slower pace in May as sales gains also weaken


WASHINGTON (AP) - U.S. wholesale stockpiles rose in May at the weakest pace in five months as companies kept their supplies in line with slower sales.


Wholesale stockpiles grew 0.5 percent in May, the Commerce Department said Thursday, down from a 1 percent surge in April.


 Big gains in inventories of autos, lumber and metals drove the latest increase.


 Sales at the wholesale level, meanwhile, rose 0.7 percent, down from 1.3 percent in April. Auto sales jumped 1.1 percent while sales of computers and electrical equipment fell.


The slower pace of sales and restocking suggests that consumer and business demand weakened a bit in May. But the figures also show that companies aren't building up large stockpiles, which can leave them with unsold goods if sales slow further.



AP:PARIS) PARIS (AP) - France's economy minister is blaming European authorities for the lack of growth in France and Europe, and says it's time for a new economic policy that shuns austerity measures.


Arnaud Montebourg, in a closely watched speech Thursday on economic recovery, also suggested France may seek more time from EU authorities to bring down its debt.


Montebourg said that the policy of cuttings public deficits in Europe and France was "morally right but economically wrong" and that austerity measures are a "European disease" that put the eurozone at the bottom of worldwide growth.


Montebourg vowed the government would make 50 billion euros ($68 billion) in spending cuts, as planned, but proposed to use only one third of the money saved to reduce the deficit, with the rest going to cut taxes.




NEW YORK (AP) - Shares of Lumber Liquidators fell nearly 20 percent Thursday, a day after the hardwood floor retailer cut its earnings outlook for the year and said fewer people are coming into its stores than expected. The company said harsh winter weather in the first part of the year kept shoppers from its stores. Lumber Liquidators also said fewer people are buying homes this year than in 2013, and others are holding off on changing their wooden floors. It also said some mills had production delays and couldn't make some orders. But the company said those problems should be resolved in the third quarter. Lumber Liquidators could be hurting from increased competition from Home Depot, which also sells flooring, Wedbush analyst Seth Basham said in a note to clients. Lumber Liquidators did not immediately respond to a request for comment.








Consumers increased their borrowing at a slower pace in May compared to the prior month. The Federal Reserve says that overall credit rose by $19.6 billion in May, down from a gain of $26.1 billion in April. The relatively modest increase should help to feed slow but steady economic growth, because consumers rely on debt to pay tuition, buy cars and shop. Total outstanding consumer debt is now approaching $3.2 trillion. Auto and student loans drove much of the gains in May. They increased by a combined $17.8 billion. That marks a year-over-year rise of 9.3 percent. Credit card debt rose by a slight $1.8 billion in May, after having surged in April. The increase in credit card debt over the past year has been 2.5 percent.



For Marc Faber, editor of the Gloom, Boom & Doom Report  says the bubble may already be bursting.

"I think it's a colossal bubble in all asset prices, and eventually it will burst, and maybe it has begun to burst already," Faber said Tuesday on CNBC's 'Futures Now' as the S&P 500 lost ground for the second-straight session.

Read More Welcome to the Everything Boom, or maybe the Everything Bubble

Of course, Faber has long been expecting a market decline. But for the precise reason that stocks have simply continued to rise, he's now become even more bearish.

"Obviously I've been wrong in the sense that I expected a correction to occur over the last two years, and it hasn't happened since October 2011, when the S&P was at 1,074. We've gone up in a straight line, without a larger correction than 11 percent, and I think we're not going to have a correction, but we're going to have a bear market," he said.

The first issue is that, Thursday's big jobs number aside, Faber doesn't believe that the economy is actually improving.

"I don't believe that the global economy is strengthening; I rather think the global economy is weaking," he said. And "there are other issues that may put the weight on the markets that will push prices lower. A, I think that we have in the White House, a very poor president, and that may lead to some political issues in the U.S. domestically. B, we have numberous political issues to consider, And C, we could have, potentially, a much higher oil price."

All in all, Faber is looking for a 30 percent drop in the S&P 500.

Meanwhile, it is worth nothing that while few are as bearish as Faber, several strategists have similarly been calling for a correction.


Countries' defiance of EU ban on gas pipeline highlights Russia's energy clout in Europe


A clutch of countries is breaking ranks with the EU's efforts to put economic and diplomatic pressure on Russia over Ukraine and building a pipeline meant to carry huge amounts of Russian gas to their doorstep.


Their defiance of a European Union stop work order is more significant than just another missed chance for Europe to call out the Kremlin. Russian natural gas already accounts for around a third of the EU's needs.


The South Stream pipeline could increase Russian supplies to Europe by another 25 percent, potentially boosting Moscow's leverage long after the Ukraine crisis fades. Adding to the skein of Russian pipelines already ending in Europe, South Stream would go through Bulgaria, Serbia, Hungary, Slovenia, Austria and Italy in one leg and Croatia, Macedonia, Greece



US-China strategic, economic talks face test: Can they produce agreements or just chatter?


The United States and China will spend time over the next couple of days testing whether their annual "Strategic and Economic Dialogue" can produce tough compromises or just serve as a venue to talk about greater cooperation.


The Obama administration comes with a clear set of priorities to this year's meeting in the Chinese capital: closer coordination against climate change, an end to Chinese industrial cyber-espionage and stricter rules governing maritime claims in Asia's contested, resource-rich seas. But it's unclear whether Washington will be able to forge an effective agreement with Beijing in any of these areas. All told, the two sides will canvass 60 topics when they meet Tuesday night through Thursday. Economic friction centers on the valuation of China's currency and claims by American companies of unfair market restrictions in China. Strategic discussions include the threat posed by nuclear-armed North Korea.




Ford is recalling 100,610 vehicles in North America for various safety defects. The company announced the six separate recalls Tuesday. No injuries, accidents or fires related to any of the defects have been reported, Ford said. The largest recall, of 92,022 vehicles, affects the 2013-2014 Ford Taurus, Lincoln MKS and Police Interceptor sedans; 2013-2014 Ford Flex and Lincoln MKT crossovers; 2012-2014 Edge crossover and 2014 Lincoln MKX crossover. Ford says the right-hand halfshaft, which is part of the axle, isn't properly seated and may disengage over time, making the vehicles inoperable. The vehicles are also at risk of rolling unexpectedly if they are parked without the parking brake on. Ford will notify owners of the vehicles in the halfshaft recall by mail beginning the week of Aug. 25. In all of the cases, dealers will repair the vehicles for free.



US to press China on liberalizing trade in high-technology products

The U.S. is looking for concessions from China to kick start international negotiations on liberalizing trade in high-technology products.


Trade Representative Michael Froman told reporters the U.S. wants to resolve differences with China over products covered by the Information Technology Agreement during annual high-level U.S.-China talks that start Wednesday in Beijing.


Negotiations to update the 1996 agreement have been snared by China's desire to protect dozens of new product categories.


Some 70 countries participate in the agreement, accounting for much of global trade in that sector.


Froman said Monday it's within China's grasp to get the ITA negotiations restarted based on a list more consistent with what other nations want. He warned that despite recent progress in bilateral talks, there are limits to what would make the deal "commercially meaningful."


The adoption of the Information Technology Agreement (ITA) by the World Trade Organization (WTO) in December 1996 was a major milestone in liberalizing trade in this vital sector for the global economy. The ITA's objective was to realize an expansion of the world trade in information technology products by eliminating customs duties on these products by January 2000.


The ITA currently has 47 signatories, representing 73 states and regions, and covers approximately 97% (according to the WTO) of world trade in information technology products.


It is undisputed the ITA has significantly contributed to: 1.         developing world trade in information technology products; 2.         promoting productivity, economic growth, investment, technological innovation, and

convergence of the information technology industry; 3.        increasing employment and improving education; and 4.        providing higher living standards for citizens on a global scale.


The International Chamber of Commerce (ICC)

ICC is the world business organization, a representative body that speaks with authority on behalf of enterprises from all sectors in every part of the world.


The fundamental mission of ICC is to promote trade and investment across frontiers and help business corporations meet the challenges and opportunities of globalization. Its conviction that trade is a powerful force for peace and prosperity dates from the organization's origins early in the last century. The small group of far-sighted business leaders who founded ICC called themselves "the merchants of peace".


ICC has three main activities: rules-setting, dispute resolution and policy. Because its member companies and associations are themselves engaged in international business, ICC has unrivalled authority in making rules that govern the conduct of business across borders. Although these rules are voluntary, they are observed in countless thousands of transactions every day and have become part of the fabric of international trade.



A Teamster strike that disrupt the U.S. economy "far and wide" is underway on the West Coast.

About 120 truck drivers for three transport companies have walked off the job at the ports of Los Angeles and Long Beach. The drivers claim the companies are treating them unfairly and have intimidated them.


The Southern California ports are among the busiest in the world. A wider, prolonged work stoppage could have a significant impact on the economy because the ports are responsible for more than 40% of imports coming into the United States.


"Everybody uses those ports... retailing, manufacturing, agriculture," said Jonathan Gold, a supply chain expert for the National Retail Federation, a trade group."They are very important ports and disruptions will be felt far and wide."


The drivers, considered non-unionized independent contractors, are backed by the powerful Teamsters union. They say the strike will go on until their demands are met.


Union spokeswoman Barbara Maynard said the three transport companies being targeted are Total Transportation Systems, Pacific 9 Transportation, and Green Fleet Systems.


A statement from Justice for Port Truck Drivers -- a group that's part of the Teamsters -- said port truck drivers receive pay that's below minimum wage. They "are on the front lines of the fight for a fair day's pay for a hard day's work," the statement said.


The National Labor Relations Board brought a complaint against Green Fleet Systems in June, alleging that it wrongly terminated and disciplined workers and encouraged them to sign an anti-union petition.

In a statement to CNNMoney, GreenFleet said "outside interest groups" are behind the job action, preventing drivers from working. "It is unfortunate that once again we must wait out what has become a distraction," the statement said.


A person who picked up the phone at Total Transportation but would not identify himself said no one was available for comment. A call to Pacific 9 Transportation seeking comment has not been returned.



Russian President Vladimir Putin said, "We know about the pressure which our U.S. partners are applying on France not to supply the Mistrals to Russia. And we even know that they hinted that if the French don't deliver the Mistrals, they would quietly get rid of the sanctions against the bank, or at least minimize them." 


You had better figure out what is worth living for now




Join Laurie Roth each day on her national radio show from 7-10pm PAC as she takes on these issues at You can also listen on line at 


Did inner peace, joy and happiness die when we were kids? Do we have moments of feeling good only when Christmas presents appear or someone says or does something nice to us? Has feeling great inside been hijacked to the land of good times, good money and good attention? If you are one of the many millions who is stuck on the 'glue trap' of pursuing things, money, attention and are aware standing there in your loneliness and emptiness that the seduction was a big fat lie.

Like the legendary and well-known icons of the past, something was tragically missing. How could their wealth, attention, possessions and power fail them all? Howard Hughes - famous billionaire and legend who ended in suicide; Michael Jackson - out of control drug use, Whitney Houston, out of control drug use...millions more ending in either suicide or complete meltdown of some kind. The party didn't give what the party promised.

Did you know that suicide is the 10th leading cause of death worldwide and between 800,000-million people a year do themselves in?   A whole lot of 'somethings' aren't giving what they promised.

Pursuing, pursuing and more pursuing

What we attach our train to will determine our inner state. Attaching right will determine whether we can survive these perilous times. Obama's UN Constitutional antics and evil can't take your inner peace and power, nor can financial struggles, illness, loss or pain. Hard times can only crush you if you have given all your hope and belief away to the temporal.

If your happiness is all tied up in the political world - who gets in are going down soon. The 2014 and 2016 election cycle will make you elated or flatten you in despair.   If you feel great inside and think I am nuts because you are madly in love, you are going to be horribly disappointed and sad soon. Arguments happen and people can reject you.

Nothing we usually crave inside lasts forever, in fact the elation of the drug, escape and moment of glory is tragically short. It is always followed by the hang over, the sense of emptiness and loss - peppered with the dreaded consequences of our actions.

I have found in my life that the only way to survive the wild seas we are on, the ups and downs is to be centered on, focused on something and someone eternal who has the authority to make things right, fix me and bring me through. There are the poser gods. There are false religions and escape rides that take you on a journey to find the 'god inside you.' The truth is that there is only 1 person in the history of this world and universe that came to earth as God - Jesus Christ as presented in the Holy Bible. It sounds crazy to many. I have been attacked for years for my bold faith in Christ. Let's see, this is what we constantly hear. 'There are many ways to God. Jesus was only one.' 'Jesus was just a good man and person who had delusions of grander.' 'He wasn't really God also. If so, why did He suffer and die?'

Whether you believe it or not, you and I are living on the miracle set of life and are called to make choices. Who and what will we worship and serve? It will be God or Satan, one or the other.

I can tell you from my deepest heart that I have made my choice for Jesus. I can also tell you through pain, suffering, near death, being a victim of crime, losses and gains, I have been given power, hope and peace by Jesus. Through him I have survived, not through my power. His power and love have gotten me through amazing challenges and struggles and He wants to do the same for you. There is nothing too hard for God and He promises us through good times and bad - peace, joy and fulfillment.

Pray and believe for the healing of our country? Repent of your sins before God and ask regularly for His help in your life, family and career. There is amazing power in REAL prayer and our nation needs millions praying right now. God loves us and wants us to make it. We are HIS light on a hill, not Obama's burnt out night light in the basement.

Once you have figured out if you are one of those who will stand with God, freedom and eternity, then the real game begins. Draw your line in the stand and watch the real power and peace flow through you no matter what happens in your life. You and I can stand up to any kind of evil. We are connected to the power of the Universe...not Obama.

Pray right - vote right in the 2014 and 2016 elections - think right and open your mouth - trust Jesus Christ with your life, budget, health, relationships, families and career. Watch what happens when you do.

Empower Yourself - Whole Food Supplements - No Synthetics or GMOs - 100% Organic -



Scientists continue to look for the chemicals that can turn back the clock and not only stop aging but to reverse the aging process. One could speculate that if such a drug is produced that the claims should be highly scrutinized. However, that doesn't seem to be the case these days and just look at the anti-age cream market. According the Huffington Post and an article in Good Housekeeping the anti-age products sold by the cosmetic industry is an $80 billion market. New research on the length of telomeres in the genetic code has science thinking that it affects longevity. Science is looking at ways to manipulate them. Then there is new research on what is called NAD (Nicotinamide Adenine Dinucleotide). We're told that this enzyme compound is found in living cells and joins to phosphate groups. Natural antioxidants tend to balance this oxidizing agent in the body. Is there a natural source without side effects that can help us function as young as possible? Let's check it out.



All living things need natural minerals to survive and to be healthy. Science is learning the importance of phosphate and when you look at natural sources of phosphate you will also find high levels of iron and calcium. Those who cannot tolerate high levels of iron should avoid the phosphate supplements. There are some medical conditions (genetic disorder) in which iron can accumulate and overload the system and some symptoms would be; diabetes, cirrhosis of the liver, arthritis, cardiomyopathy, testicular failure, skin discoloration and bone pain. This condition is more common in people with Celtic heritage; those with British and Scandinavian origins (Irish, Scottish, Welsh, Cornish, Breton etc). Roughly 1% will develop this iron overload problem called hereditary haemochromatosis (HHC).



Phosphate is a non-metal and energy nutrient. It is a negatively charged ion to combine with metals and organic acids to support many chemical reactions in the body. Phosphate and calcium make up a majority of the skeletal system. If you take any B vitamins it is only effective when phosphate is present. Phosphate likes to combine with four oxygen atoms to form its phosphate ion. Phosphate is also a major part of the coenzyme adenosine and you will find it in the blood and in cells which acts like an energy catalyst. You will find phosphate in foods so it is unlikely that you'd be phosphate deficient unless you take medications or over-the-counter drugs, such as antacids (aluminum hydroxide) that will block the absorption of phosphate. You can max out your phosphate absorption with vitamin D and calcium. Avoid soft drinks because that will deplete your calcium and create bone loss. Plants will store large amounts of phosphate in order for them to reproduce. Phosphate is essential to transfer energy throughout plants.



The herbs that will contain very high phosphate will have 600 to 1,030 mg. Herbs with high phosphate will have 320 to 600 mg. Anything below that will be average to very low in phosphate. Very high phosphate herbs that I like to use are; peppermint, milk thistle, Siberian ginseng and fennel seed.



I like to tap into the phosphate-rich herbs to help tired, popping, swollen and weak joints. Sometimes the calcium supplements are not enough and I have to add the phosphate herbs for the extra energy to speed up the process of rebuilding tissues. Peppermint is an herb with an analgesic effect and blocks pain without disrupting the central nervous system. Therefore, peppermint will reduce inflammation and swelling especially in the joints. Peppermint is a great herb to use in place of narcotics. If there is fluid on the joint I will add lobelia (Relaxation formula) to deal with the edema. However, do not use lobelia herb if taking diuretics (water pills).



As I mentioned, I like to use the phosphate herbs of; peppermint, milk thistle, Siberian ginseng and fennel seed. Interestingly, the first three herbs can also help you lose extra weight. If you add dandelion root and you can maximize the weight loss effect.

Peppermint - Peppermint will improve digestion and it stimulates circulation. Peppermint will also reduce bloating and helps to control appetite. Add in the fennel seed and you can max out your appetite control.

Fennel Seed - This is an amazing herb to tap into and help curb overeating and reducing the sensation of feeling bloated or hungry. Fennel seed will stimulate the pancreas and increase its secretions improving the transit time of the digestive tract. It will also help balance the floras in the digestive tract.

Milk Thistle - The milk thistle herb helps the liver to purge more toxins and regenerate quickly. This improves the organs ability to cleanse the blood of fats and purify the blood to carry more energy. Milk thistle is also an antioxidant keeping the phosphorus oxygen ions in balance to prevent free radicals.

Siberian Ginseng - This herb is excellent to help balance blood pressure and blood sugar and offer more energy. The herb contains adaptogens to remove stress from the system and increase the activity and efficiency of the immune system and help deliver adequate oxygen to the cells. The function of the gland system is also enhanced by this herb.

Dandelion root - Dandelion root has long been used for gout and rheumatism. It has recently been found to have chemicals which kill cancer cells. It also helps reduce inflammation and provide a more alkaline environment. Avoid dandelion if allergic to ragweed.



Obviously phosphate has an effect on the body to help preserve function and could lend itself to helping us look younger and function better as we age. Natural foods should have adequate phosphate but as we endure an age of corporate farming, genetically engineered foods and more severe and unpredictable weather we see a depletion of nutrition and our bodies are noticing it at a younger age. Therefore, supplements are going to be even more essential. Americans need to be counting their blessings because the people in the European Union have difficulty obtaining decent supplements. I got a call this week from Sweden and apparently they don't have the quality and selection of supplements we have in the US. Sweden prohibits the importing of herbs like most of the EU countries. England seems to be the exception where supplement orders to the end user can be imported if the order is under $2,500.00.



We live in uncertain times and the cost of everything is going up. I urge folks to stock up on their organic whole food supplements while it is available. Apothecary Herbs offers certified organic whole food herbal formulas with a long shelf life. If you think you need more phosphate call and ask them about the Calcium Formula, Relaxation (Lobelia) formula, Pain Anti-inflammatory formula, Arthritis Rub and the following tinctures; Peppermint, Milk Thistle, Siberian Ginseng, Fennel Seed and Dandelion.  As the cost of everything goes up Apothecary Herbs informs me they will need to increase prices on their product line by August. Now is the time to stock up before the price hike. Call Apothecary Herbs to order or for a free product catalog toll free 866-229-3663, International 704-885-0277 If you're serious about herbs, you NEED Apothecary Herbs.



Nutritional Herbology, 1987, Mark Pedersen



Herbalist Wendy Wilson on Herb Talk Live

Saturday morning show:

7 am EST on GCN

7/12/14 Dr. Rebecca Carley

Weekday show:

7 pm EST on AVR

7/15/14 Dr. Rebecca Carley

Shortwave show 8 pm EST WWCR 4840


Go to Herb Talk Live & Radio Archive area for network link access and past shows to download and share. For Android users you can download a FREE app for Herb Talk Live on GCN. See the download link under radio archives at top of page.



Apothecary Herbs is introducing their version of the HMO (Herb Medicine Options). Unlike insurance companies, our HMO is not about drugs, co-pays and deductibles. Our HMO is about a healthy lifestyle without drug dependency. Our HMO members are savvy and can often take advantage of the HMO discounts. There are no member fees and you can simply request to sign up by emailing or calling Apothecary Herbs or 866-229-3663, International 704-885-0277.  Current members can take advantage of discounts. I like discount coupons but they tend to expire. HMO members you can use your discount when they want.

HMO1 offers FREE ground ship on orders over $75 (US orders)
HMO2 offers 15% off orders over $100.00 
HMO3 offers $15.00 off plus FREE ground ship on orders over $250.00 (US orders)
*These discounts will be active for about 3 months and will change. Members will also receive special offers on selective items in our store.



"NEW" from Apothecary Herbs POWER GREENS FOR PETS - Keeps you away from the vet.  Natural herbs for dogs and cats. Because we want organic pets

Power Greens is a blend of organic plants and natural herbs containing vitamins, minerals and 22 amino acids found naturally in these whole-food plants. Easy to digest with healthy digestion enzymes. You will notice the vibrant color of the greens and other ingredients in Power Greens for Pets because it is made with certified organic herbs grown to Tilth Standards (the highest organic standards in the industry). Compared to Dinovite®, Power Greens for Pets is made with superior grade ingredients and will produce much faster and better results in the health of your pet. No need for large scoops of our Power Greens for Pets to get results. Depending on the size of your pet 1/2 teaspoon to one tablespoon is all you'll need. Your pet will be healthier and you'll save money. For more info call 866-229-3663


MORE HERB SECRETS IN THE POWER HERBS e-BOOK. By popular demand The Power Herbs e-book is available with symptom/herb reference guide, information on organ cleansing and how to make your own herbal tinctures plus a whole lot more. Go to and click on Books. You must have email to order and receive the e-book a PDF version of The Power Herb book for just $14.99. At this time, we do not offer this title in hard copy.



Try Dandelion Root Tincture for inflammation, blood purification, respiratory infections, digestion and cancer protection at



Do you have your Pandemic Kit yet? Here is what folks are saying about the 100% organic Pandemic Kit made by Apothecary Herbs. "I have this kit and recommend everyone have at least one on hand (or more depending on family size) for a pandemic." Rebecca Carley, MD, Hickory, NC and "I have one and glad I do; just in case. I like the long shelf life." Melody Cedarstrom, Port Matilda, PA (more customer feedback at or call 866-229-3663 to order your kit today.



Pure energy is organic and instantly absorbed - transporting nutrition to every cell in your body. It is a super food for the body to repair, build and fortify itself. Where do you get it? It's called Body Foundation Food Mix and is at Apothecary Herbs 866-229-3663, International 704-885-0277 This pure energy food source is so efficient; you won't feel hungry between meals and can safely lose weight.



Apothecary Herbs has released a new product called Liver Detox Tea. You can layer this tea with Milk Thistle Tincture for a gentle yet effective liver cleanse. This is a nice option if you can't do the Liver/Gall Bladder Flush using olive oil. You will find this new product under Herbal Teas at Also new is the Liver & Gall Bladder Tincture with dandelion root for more anticancer protection. This formula is available in 1 oz, 2 oz and 4 oz sizes. You will find this item under Organ Body Cleanses at You can layer this tincture with the Liver Detox Tea and be well!



Being prepared is never a waste of time. Get your own organic garden growing and stock as much healthy foodstuffs as you can. You'll also need backup medicine but the over-the-counter and prescription medicines have a limited shelf life of two years or less. However, your organic medicines have a ten year shelf life without side effects. Call the folks at Apothecary Herbs for their Natural Medicine Starter Stock-up Package or make sure you get one of their many herb kits for boosting immune system and protecting you from viruses, bacteria and other pathogens. Call Apothecary Herbs 866-229-3663, International 704-885-0277 online, where your healthcare options just became endless.



If you suffer from allergies (sneezing, itchy watery eyes, stuffy or runny nose, sinus pressure or sinus infections) try the Echinacea Deluxe formula and Herbal Eyewash both around $20.00 from Apothecary Herbs. Call now toll free 866-229-3663



You already know that you can save on the half and full case discounts in the Vitamin Vault area at Apothecary Herbs has added a new item called the Natural Medicine Starter Stock-up Package. This package is designed for those preparing for their medical future and contains immune boosting, pain & inflammation, organ cleanses, vitamin, mineral, amino acid and protein products plus a Pandemic Kit and it comes with a savings. Visit or call toll free to order your Starter Stock-up Package 866-229-3663, International 704-885-0277.  


MALE & FEMALE ORGAN CLEANSES KITS - Don't give disease a foothold. You will have the power to cleanse the bowel, urinary, liver, gall bladder and blood system with this cleanse package. For added cleansing, ask about how you can upgrade your order to include the prostate cleanse for men or the Kidney/Bladder cleanse for females.  Go to or call their 24-hour live customer service line 866-229-3663, International 704-885-0277.



See Apothecary Herbs One Year Supply of Herbal Medicine at or call 866-229-3663, 704-885-0277. Call for a customized year supply or to set up installment payment for this package. 

The information contained herein is not designed to diagnosis, treat, prevent or cure disease. Seek medical advice from a lincensed medical physician (if you dare) before using any product or therapy. 

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