Well, UCOI Gold and Silver Mines is very rich -
whitout the circuz from the anti-Americans -
There is indeed a barbarous relic: central banking.
Central banks are barbarous in part because they conspired
to put an end to -- the Gold Standard--that safeguarded
sound money for centuries -
However, it is the process of central banking itself, as it
has come to be practiced, that deserves the greatest
public wrath.
Central banking is barbarous for the following reasons:
Corruption of Money as a Product of the Free Market
Money is a fundamental building block of our society because
it allows people to interact with one another in
the market process.
Money existed long before governments and central banksterz
began to "manage" it.
Tragically, instead of being a neutral and unfettered tool
in commerce, fair to one and all, money now has become
a matter of force and decree, which is disruptive to
the market process and therefore harmful to all civil
societies in the world -
Creation of Money Substitutes -
Prior to the creation of the Bank of England, every
exchange in the trading activity that we call
the market process tendered value for value.
In other words, gold was exchanged for land,
silver for food, etc.--assets were traded for assets.
The Bank of England changed this process by creating
money substitutes.
Banknotes are not a tangible asset like gold or silver.
Banknotes are merely money substitutes and not money itself.
Money substitutes are a liability of the bank issuing
that paper currency, and money substitutes create all sorts
of payment risk that one does not have when using
tangible assets as currency.
Secrecy
Because central banksterz act in secrecy, they are not
held accountable.
For example, the so-called Open Market Committee of
the Federal Reserve is far from "open."
It meets and makes decisions behind closed doors, and
the minutes released one month later are thoroughly
redacted, leaving outsiders in the dark about
the members' deliberations.
Central bankers consider themselves--and act as
if they were--above the law.
Moreover, this secrecy favors insiders, and it is
this fundamental principle upon which central banks'
market intervention has been constructed, including,
for example, their intervention in the gold market.
Taxation without Representation
Central banks have freed governments from having to ask
their citizens--through their elected representatives--for
more taxes.
Central banks can acquire government debt and use it to
create currency out of "thin air" for governments to spend
on their latest whims.
Even worse, through their policies that create inflation,
central banks enable governments to steal from
their citizens.
Disinformation
There are several tools in the central banks' arsenal,
and one of them is disinformation, which they regularly
practice.
For example, central banks have come to make people believe
that inflation is "rising prices."
But wet streets do not cause rain.
By changing the definition of inflation to one of
"rising prices" rather than what it really is--monetary
debasement engineered by central banks--the true culprits
(the central banks themselves) are masked.
Deception
Not only are central banks guilty of disinformation,
but deception is one of their most frequently used tools.
The history of banking is replete with examples that
demonstrate not just a lack of disclosure but,
rather, outright deception.
To give just one example,
consider how central banks today account for their
gold loans.
They carry both gold in the vault and gold out on loan
as one-line item on their balance sheets.
In effect, central banks are saying that they can ignore
the truthful disclosure established by Generally Accepted
Accounting Principles, and as a result they can report
both cash and accounts receivable as one and the same thing.
Accounting like that would make even the fraudsters
at Enron blush.
Creation of Command and Control Economies
Central banks have, in effect, turned the market into
a command, i.e., state-run, economy.
The power to create money out of thin air brings with it
the much greater power to control a nation's economy
and therefore the economic destiny of millions.
Central bankers today act like the former Soviet Union
bolshevikz politburo members, who pulled strings and
pushed buttons to try to make the economy--which means
each and every one of us who participate in the
economy--bend to their control.
But it is not only the economic destiny of millions that
is determined by central banks; subtle but potentially
more disturbing issues are raised by the exercise of
power by central banks.
Propagation of Control and Restrictions
Central bankers and their comrades in government know that
the command economy power that they have claimed forces
them to walk a fine line between prosperity and economic
collapse, given the inherent fragility of the
credit-based monetary system they operate.
To try to reduce this ever-growing fragility--in a
vain attempt to make it easier for central banks to control
the command economy effectively and totally--governments
take away peoples' freedom.
Central banks usher in controls like the reporting of bank
accounts and funds transfers and policies such as the
"too big to fail" doctrine that underwrites bad decisions
at banks with taxpayers' money.
Controls perpetuate a central bank's stranglehold on
power regardless of whether they are doing a good or a
bad job--and it is usually bad--in commanding the economy.
Debt over Savings
The command economy that central banks operate encourages
the growth of debt, rather than savings.
Banks want to expand their balance sheets--i.e., to make
more loans--in order to earn greater profits, and
governments want central banks to accommodate
this objective.
The resulting credit expansion provides the public
with opportunities to acquire new things, which creates
an illusion of prosperity that makes people believe
their wealth is rising.
The result of this debt-induced pseudo-prosperity is
a complacent populace, the net effect of which tends
to perpetuate governmental power and politicians'
perquisites.
Instead of following a sound and time-tested
"pay as you go" policy, consumers, businesses, and
governments have adopted a new creed--
"buy now and pay later."
The mountain of debt that exists in the United States
today and the excessive consumption that continues to
enlarge that mountain are the direct results of
central banks' activity and their need to grow more debt
to avoid the inevitable bust that would follow if the
debt growth were to stop.
Newsletter writer Richard Russell explains it very simply
in just three words: "Inflate or die."
That reality explains why Ben Bernanke has said in effect
that he would drop $100 bills from helicopters if necessary
to inflate the economy.
Not far in the future, when the U.S. dollar collapses
as just one in a long list of fiat currencies that
have collapsed before it, people will look back and
ask themselves how it was possible that barbarous
institutions like central banks could have hoodwinked
so many people into thinking they were good institutions
acting in the public interest.
The answer is that central banks have created the illusion
of prosperity.
Because people think that they are well off, they have
no reason to question basic tenets that they are led
to believe.
For this reason, people are easily cozened into believing
that gold is the barbarous relic, that central banks are
doing a good job, that officially measured inflation
is low, and that their financial future is secure.
However, nothing could be farther from the truth.
=================================================
THE FIRST GREAT GOLD RUSH began in 1971....
THE FIRST GREAT GOLD RUSH began in 1971...
gold prices ran from $35 to over $700, a twentyfold rise!
A decade later, prices settled near $300,
nearly a tenfold increase!
THE SECOND GREAT GOLD RUSH, Phase One began in 2001....
gold prices have run from $275 to over $675 (25% growth/year!)
Not bad, but this is still just the warm up phase!
THE SECOND GREAT GOLD RUSH, Phase Two begins in 2007...
gold prices are expected to climb above $750 this year!
If gold prices rise twenty-fold from $275,
that's a $5,500 peak price,
with gold settling near $2,750,
a tenfold increase and 400% higher than today's price.
Good news! You're not too late...
Bull markets in commodities run 15 to 23 years on average.
Experts say these first five years have been a stealth bull market,
mostly hidden from the public.
But not for much longer!
The mass media is gradually informing the public about
the exciting future of gold.
We suggest staking your gold claim ASAP,
ahead of the crowd -- but first,
you need trustworthy educational tools to help you
get up to speed on gold investments, quickly.
The future of gold...
Reaching your financial goals in the future will require both
information and inspiration.
Swiss America's 25th Anniversary
Issue of Real Money Perspectives,
"The Future of Gold 2007"
will help you understand....
* WHY... 35 experts see four-digit gold ahead
* WHAT's... the best form of gold to own?
* HOW... America's "dollar illusion" will end
* WHEN... the $480 trillion debt bubble pops
* PLUS... How to privatize your wealth today
* AND ... Owning Gold in your retirement plan
Got some old Gold Mines -
assets in the hard rock Au ore reserve....
investorshub.com
Imo. Tia.
God Bless |
