Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: TimF who wrote (71751)	9/10/2009 8:01:41 AM
From: lorne	of 224738

Tim...there may be some here interested in this. "Presidents Clinton, Bush and Obama all have influenced bullion banks and other central banks to mobilize gold to suit their own agendas. One of them has been to keep US interest rates unnaturally and artificially low. This is not conjecture on GATA’s part. Gibson's Paradox was the observation that the rate of interest and the general level of prices were observed to be correlated. The term was first used by John Maynard Keynes in his 1930 work A Treatise on Money. In 1988 Lawrence Summers co-authored a paper in the Journal of Political Economy titled "Gibson’s Paradox and the Gold Standard." In essence he said there was a relationship between gold and interest rates … or, keep the price of gold down and US interest rates would also be kept down. Summers followed Rubin as Treasury Secretary and followed in his footsteps regarding US gold and his "Strong Dollar" policy." "What he said about US monetary policy and gold – this bit on the record – would appear to validate the long-held belief of gold bugs that China has fundamentally lost confidence in the US dollar and is going to shift to a partial gold standard through reserve accumulation." "*This leaves the clandestine selling, and lending of gold by The Gold Cartel, which is The US government; various bullion banks like JP Morgan Chase; and other central banks like the Bank of England. The problem is The Gold Cartel is hitting the wall regarding tapping into available central bank supply. They are down to using either IMF or US gold to meet the increasing annual demand/supply deficit. This has put them under severe pressure as these gold sources are quickly depleting and cannot be sustained before President Obama’s term is over" Full post at>>>> Message 25925561

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