Richard, ok4i4 gold sucks as money & dumped as a commodity in2a commode.
Presently we have not a Gold Standard
but a standard based on Man's Desire 4 Wealth,
not to create wealth for the common good,
but these people who are able to create money & credit
do so to produce wealth & power for themselves
and those in their circle or in circles of others
that they wish to influence 4 their own survival.
garbage in, garbage out
If today's money & credit supply is good and sound
then very unlikely any concern will be showned by
the citizens of the usa when the government declares
that the physical gold of Fort Knox will be used
to bail out the huge short positions of those important,
and needed to remain stable, banks and whatever those
other institutes that need physical to cover shorts
or derivatives or whatever demands immediant cover.
If we do not have a Gold Standard, then what?
A Wood Pulp Standard w/ unlimited supply of trees & ink?
Or something like a Tulip Dow/Nasdaq Standard?
What i say next may appear that i a gata nut, is really nuts.
The current Howe/GATA lawsuit will be sucessful
and show gold price manipulation took place
and this activity got out of control
causing those manipulators to make a choice
to either back off and pay the piper 4 a play gone bad,
or do what they did do, push to the extreme
with more of the same that caused them
to get into their then present do-do,
and add to it and get in deeper.
"Too Big 2 Fail."
Yes, this will override justice due those hurt
and used to keep the current house of cards from falling.
GATA will be showned to be on target and correct and etc.
But no explosion in the price of physical gold simply because
the usa public is clueless about money & credit creation
and what is correct and good versus the opposite which will
have it's day of Gloom & Doom eventually.
But not this or next year, as Fort Knox's physical gold
will be used to prevent a gold explosion and collapse
of those banks etc needed to stay afloat else they will
go down the tube and take the wealth of the usa public
along with them.
For every truckload of fiat paper money taken to usa's Fort Knox,
that truck will be filled with the physical gold from the vaults.
An even trade it will be, on paper.
POG at current $269/oz.
Those banks needing that physical gold will simply do what?
Simple, buy from the usa treasury newly printed money
and give it back to Uncle Sam in exchange for the gold.
So as Uncle Sam inflates the usa money supply,
causing the public's dollar to lose value
against it's own produced goods,
and against other nations currency,
those banks buying that physical gold will still pay
the same $269/oz for american's gold eventhought that
$269 has less purchasing value, thus making this gold
being brought even cheaper to buy.
Let it happen folks,
not that we have any say here,
even if we vote No
the majority of usa citizens will vote Yes
since they no understand a Gold Standard's purpose
and will be told that this action will help stabilize
their own personal paper wealth.
In 2 or 3 years the house of cards will fall,
and who has the physical gold Rules,
and it will where?
Anywhere but the usa.
The usa's economy will be hammered,
in a manner that the USSR's was
as in collapsed,
and as the USSR became Russia Bankruptcy Chapter 11/7
with a shadow of its World Class Military Might,
so will the usa's since "Its the Economy Stupid."
no free lunch
military power cost money big time
governemnt pays for the military power machine
from money collected form its citizens
through taxation
paychecks of money transfered and tracked
but if the dollar becomes funny money
then like in Russia today
its a barter system
no taxes payed
dougak |
