I don't think there's any real penalty for them in suppressing gold prices... because the primary uses of gold are as money... or in minor contributions in other things... which have no possibility of forcing a denouement in the trade on the basis of reality demanding and requiring "more" than price suppression can enable...
The fly in the ointment in gold suppression... is more directly linked to the inevitable problem of all fiat... as politicians are typically feckless... and predictable in that... There is no reason that fiat "should" ever fail... if those responsible for fiscal and monetary policy work together to implement responsible policies...
But, of course, this is the real world... where the odds of that happening and being sustained for very long are vanishingly small... as you might expect if comparing the advantages of responsible behavior to those of the greed that emerges and the potential to exploit that power... by debasing the currency... The general welfare... is always surrendered as victim to the specific advantage of the politicians and bankers... and that means all fiat currencies fail when the control over "money printing" is lost...
And, today... the U.S. dollar still "the best of them"... is a dead currency with no future... because "can't get there from here" is the only possible outcome left in result of the pairing of... the fiat we have being designed as a debt instrument... with the division we have between "spending" without real constraint... and money creation as required to enable that spending... also without any real constraint....
It makes "the inevitable"... a question of timing...
And, it is in the timing element that you have to widen your gaze to see beyond the fiat focus that others remain blinded within...
And, in that view... multiple factors in play... from the global demographic shits to economic "flattening" which both tend to bias future choices to determinations by cultures with a far more significant attachment to the value of gold and silver... than we have... after more than a century of dedicated effort made in seeking to eradicate people's understanding that any form of "sound money" could even exist... That persists, today, in the "pet rock" narrative... But, markets being what they are... if people opt to value pet rocks more than they value a fraud based on trading slips of "debt is money" paper... or even more ephemeral digital representations of them ? Then, the economy will come to be based on the value of pet rocks, and the derivatives trade in pet rock futures.
"Real" things... have enormous propensity to disrupt frauds in financial speculations... as "the madness of crowds" in fostering bubbles is eventually unwound...
Russia, today... is throwing a wrench in the process... by shifting from "being kicked out of the paper trade"... to working at re-attaching trade to "real" value... At the same time... Biden is doing massive damage to the "value" of the concept of "risk free" fiat existing... and you are seeing the fact of Russia's assumed inviolable dollar reserves being pirated...forcing rapid change in consideration of any "reserve" value existing in anything that can be "taken"... by declaration in a simple sleight of hand... Some will see that as "an attack on the dollar's reserve currency status"... but, the reality is... Biden has obliterated that status already...
So, clocks are ticking faster than ever... and, it's not just "about the dollar being the reserve fiat"... it is about the "routine" in the serial history of the failure of fiat currency schemes... as all of them in history have failed... but, also, now... is about the global fraud of fiat being exposed as a fraud... not about "the dollar failing"... but about "all fiat failing"... Historical events... have never been this synchronous... as prior fiat failure events have been events experienced one nation at a time... This is the first time in history that all the nations in the world,,, even the Swiss... have been convinced to abandon gold and use only fiat money...
That means... its going to be ugly... as "all the money in the world" is going to fail... except perhaps the ruble in the degree they have "backed it with gold" in a way that anyone believes matters...
Currency crisis coming... is not a thing "they" are unaware of... but a thing they seek to exploit... and control... and they have planned for it... with new fiat based schemes to defraud you and allow them to keep power...
But... it is coming... it is going to happen... and, when it does... it will be "a surprise"... to most...
|
