3 Min. Gold News – Greece and Gold – July 18, 2015

3 Minute Gold News

I recorded a new song yesterday on the horrible Greek bank holiday situation, called “Not Much of a Holiday”.

I’m putting together a video for YouTube, but wanted to put this article up right away.

I’ll be at a gold symposium in Vancouver, Canada at the end of July, and will bring you some words from the leading gold speakers.  Mike Maloney won’t be there but I’ll hopefully catch up with Mike and Dan Rubock soon. Please be on the look out for the new episodes of Hidden Secrets of Money due out soon.

I’ll take my guitar to the event in case there’s a chance for impromptu music making. I’m not booked to perform, as I’m still on hiatus, but will be back playing soon. Jim Rickards will be speaking at the symposium and has been kind to invite me along on a cruise of the Vancouver harbour along with the other speakers. Looking forward to it.

There’s gold along the Cariboo Gold Rush Trail, where I’m living in a remote village for the summer. I’ve met a few locals who I’m working with.

Here’s a little bit of sparkle for the new project.

gold flakes

Thank you for the kind emails. There’s so many geopolitical things going on and financial stresses building up. Events are coming in like waves washing up on the lake.




All of Us


Screen Shot 2015-07-18 at 9.17.58 AM

We’re all watching the Greek Tragedy unfold.

Around the corner, next in a long line, stands a Greek citizen waiting to withdraw a few euros from the bank.

The world is constantly shifting from tension to release and back to tension again in an eternal swing, and pressure is building from a failed financial system and the jostling for power. I call it the game of Coins and Crowns, and we’re all affected.

Currency warfare and cyber warfare areScreen Shot 2015-07-18 at 9.32.19 AM new ways which nations seek to gain at another’s expense. Banks and corporations have become new pseudo nations, and territory and resources are being won and lost.

Human labour, land, oil, water and gold are resources in our minds eye. New technologies such as cold fusion, Bitcoin, 3D printing, medical breakthroughs and space assets are changing our world, and nations are re-aligning to benefit best.

The unsustainable debt load is coming to a head, and fiat currency’s backing of promises and military might is building in pressure.

Greece became part of the euro system and received loans near the beginning of this re-alignment. They borrowed more than was sustainable. The payments became more than the Greeks were able to carry, and they received further loans to make payments on the first loans and to pay for base living needs. Where the money went and who benefited from the deals is being questioned, with dubious origins, but the payment plan is failing and the citizens are suffering. This includes a bankScreen Shot 2015-07-18 at 9.28.57 AM ‘holiday’, which has left them unable to withdraw more than a few euros each day. All the depositors’ assets have been frozen until a new deal is done to repay what is owed, and the banks are set to reopen next Monday. Protests have grown as the tension has built.

Those who owe are left to wait in line.

Greece’s Prime Minister was in closed door negotiations last weekend and made an agreement with, as he put it, a knife to his neck. He will implement the agreement even though he doesn’t agree with it.

The nation’s debts are small compared with countries like the U.S., but Greece’s role as a member of NATO and the European Union, makes it important politically to the defense and safety of the greater region and partners. The EU is stronger with Greece and Greece’s economic woes would become more severe without the euro.

But I can’t know what those in power privately wish, or what Greece hoped to gain in a negotiation. Heads or tails all citizens everywhere seem to lose now. Doing a Grexit could come with repercussions discussed behind closed doors. I hear the media, the leaders, the insiders, and the non-mainstream media, but what do I know?

On top of the political placement inside NATO, the deal that Greece makes is only the first of other deals that will be made with other euro nations, including Portugal, Italy and Spain, who also owe more than they are able to bear without hardship.

The public isn’t aware of who is making deals with whom, what the bankers and leaders are intending for the future, and what end game the players hope for. To have the media broadcast these facts would be to tell the world — friend and foe.

The mainstream media presents the official statements — they are biased as we are all biased.

The media companies are beholden to their shareholders, and their owners have allegiances, as we all do. National security is important to their stories also. We all are biased and that in itself is not a bad thing — just something to be aware of.

Who’s a friend or foe this time?

Currency wars are continuing. China is building islands in the South China Sea and claiming to own it all, while the U.S. has a treaty with other nations in that area. Russia is making a natural gas deal with Germany and a deal with Saudi Arabia, and the BRICS are making their own financial clearing system. China recently hacked the U.S. government’s sensitive personnel files, the New York Stock Exchange closed briefly, there are sanctions in Russia, and the Chinese stock market crashed. Space rockets have blown up. Iran has done a nuclear deal.

And the Greek citizens, among many others, are reeling.

It’s the game of Coins and Crowns. “Down, down, down… they give us bread and circus clowns to keep us down.”

The public doesn’t hear anything more than what the media brings, and ‘public relations’, which is the new name for propaganda, is an important tool in national defense and offense.

I can’t know what’s going on behind closed doors but I can see that world tension is rising. I can see players getting their ducks in a row and making alliances. And I can look at what people did in past tensions, and how they fared individually.

Those who had physical assets outside the banking system fared better. Physical gold and silver rose in value when global relationships were stressful. You can’t eat silver and gold, but you can probably trade it if paper money becomes worthless. 3 Minute Gold News

Nations have been buying gold hand over fist in the last few years, so perhaps gold as a safe haven and a part of a world reserve currency reset will come again.

Private citizens have been buying physical silver and gold in record amounts recently as well, because the tension between deflation and inflation is threatening to break one way or the other. Not all in. Ten or twenty percent of assets in precious metal in case the world goes the way of inflation, and some in cash in case it goes the way of deflation.

Those out of debt fare better. When the larger system is preparing for a reset it’s not usually the time to take on debt for risk. A new economic spring will come after a reset, and the sun will shine again.

Who’s a friend or foe? Who are the “frenemies”?

Does it matter when I’m hungry?

It all depends on who you are, what you want, who you feel threatened by, and how hungry or angry you are. We have “frenemies” when we need each other to address a bigger issue, more than we need to win a smaller victory. Even when it’s painful now, we can need a friend because we fear what will come without them. Diplomacy is always best.

It seems that everyone feels the stress from a financial system that doesn’t work, debts that can’t be repaid, and fiat currency that benefits the very few at the expense of the very many.

Around the corner, next in line, isn’t just another Greek citizen waiting for a few euros  — it’s a line of nations anxious about their coming turning.

Who owes? Wait in line.

Elaine Ferry

Releasing this week — the single, “Not Much of a Holiday” words and music Elaine Diane Taylor

© 2015 Intelligentsia Media, Inc.








Preparing for the Fall is a boutique live solo album available on iTunes — featuring the singles Wag the Dog, Black Swan Dive,  American Pie and Gods of the Copybook Headings.

Have a listen.



Wag the Dog (Drums of War and Backroom Banker Passes)
words and music Elaine Diane Taylor
© 2014 Intelligentsia Media Inc. All rights reserved.
from the album Preparing for the Fall available on iTunes


Coins and Crowns
words and music Elaine Diane Taylor
© Intelligentsia Media Inc. All rights reserved.
from the album Coins and Crowns available on iTunes

Single featured in Episode 1 of Mike Maloney’s documentary series Hidden Secrets of Money.


The Gods of the Copybook Headings
words by Rudyard Kipling and music by Elaine Diane Taylor
©2014 Intelligentsia Media Inc.
from the album Preparing for the Fall available on iTunes



Another Week on Wall Street (Naked Short Selling and Fiat Currency)
words and music Elaine Diane Taylor
© 2013 Intelligentsia Media Inc. All rights reserved.
from the album Coins and Crowns available on iTunes



Nothing on this site is intended as individual investment advice. We’re all watching which way the wind is blowing.



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