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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (2588)	12/14/1998 3:33:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 81090

Zeev, Your theory of EU CB gold sales(and other CBs) may very well be correct. The theory of globalization is simple in my eyes...use the ultimate commodity against itself so the ultra rich can amass and concentrate the worlds wealth into and even tighter circle of "elite". What is the ultimate commodity? Some would say gold. I say it is man. Without man and his labor nothing happens. No wealth is created without labor. What is power but the ability to control another's labor? Globalization is the ultimate war on labor. With "independent" countries, man and his labor are "free" to move about and find a more beneficial location where his/her labor can be more of a bebefit to him/her and is family, etc. Gold has been a safeguard of man's stored up labor. Without gold as a currency of true value, man(wherever he may reside) becomes dependent on the fluctuations of fiat paper. In one hour, his store of labor can vanish. Is this a conspiracy? Those that still ride above the waves(with more welath than others) say no. To those that are already buried beneath a sea of paper, most are probably too ignorant to know what has happened so they live in depression, fear or anger. So, it does make sense for CBs to sell gold, since it is in the interests of globalization to do so. How does humanity react when the store of their labor for the last 7,000 years is destroyed? I do not believe that gold is now valueless, bur certainly power has more value than gold. The power that rests in government to tax its citizens so that interest on the debt(that government freely heaps on the back of its citizens without their consent!) can be paid to the wealthy is definitely more to be desired by the ultra wealthy than just holding gold. But eventually the paper wealth must be transferred into more land, factories, and even gold. The current slide in POG has a purpose, but it won't be to benefit the poor. I view the boom and bust cycle of labor a if the wealthy were raising a crop. When the bubble bursts, just think of it as harvest time for the rich. Just my opinion, of course.