Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.00

+2.0%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Hunt who wrote (27063)	1/26/1999 5:52:00 AM
From: John Hunt	Read Replies (1) of 116906

Market Manipulation - How Could That Be? Professor von Braun - The Rocket School of Economics << The concept of markets being manipulated is not a new one. All powers that be, whether dictatorial or democratic (as in “freely” elected), at some stage of their existence, try to (either directly or via their treasury or designated Central Banker) manipulate a market. Whether it be currencies (the all time favorite), stocks, bonds or pork bellies. History tells us that many times actual currency debasement (which is manipulation) by kingly decree or by out and out fraud has occurred. The English king, Henry VIII was very good at it. Some of the French kings weren't too bad at it either. When the ongoing maintenance of the fiat currency game becomes difficult more manipulation is resorted to. Which of course to the astute observer, is a sure sign that all is not well. Meanwhile the general (and gullible) public continues to carry on their merry way assuming that the powers that be know what they are doing. However fiat currencies are not backed by reserves. Just for the record Websters Unabridged Dictionary defines fiat (no, its not an Italian automobile) as: 1. an order or issued by legal authority, usually beginning with fiat (let it be done); a decree. 2. A sanction; an authorization. It defines fiat money as follows: Paper currency made legal tender by law or fiat, although not backed by GOLD or SILVER and not necessarily REDEEMABLE in coin. -- cont'd -- >> fiendbear.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next