Originally posted by TheImmaculateD1
The USD is backed by gold bullion so if you start giving away your fake gold while manipulating the value of it and the world is none the wiser. Then
let a couple of these types of stories run in the MSM, the people suddenly lose faith in gold and your dollar crumbles along with it. Can you imagine
a better pretext to engage a One World Government?
I've been wondering what is the deal with all of these "Cash for gold" companies you see suddenly and mysteriously surfacing as of late. Why this
sudden rush yo replace for what seems like at least $500 Billion in pure bullion or more?
Actually after about 1970 but I need to check to be sure on the date the US went off the gold standard.Mind you it was a pseudo or false gold standard
it did lead to the US currency becoming the worlds reserve currency.
Gold tends to be priced in dollars but that does not mean its backed by gold.
There has been at least one web page that talked about how the US kept the gold price down to help in trade in buying oil.
It was said that some sellers of oil only saw the US dollar as foreign money and only wanted gold, so by keeping the gold price down so the sellers
could get the amount of gold they wanted anywise.
The thing is if only a few percentage of Arabs only really want gold then if they were to stop selling the price of oil could go up dramatically for
example 10% less gasoline would have 10% of the people without gas to get to work driving the prices to the moon as the remaining buyers fight for the
remaining gas.It was supposed to be somewhere around the 1980s but this is only a guess from memory.Not sure if I can find that web site now.
So there are multiple reasons for the gold to have been secretly sold off and not just the strong dollar policy.
That cash for gold thing is paying some ridiculously small amount for the gold and are making a fortune.Do not sell to anyone that will not telly you
what they pay per gram.
Makes me angry that the Chinese have advised their civilians to put money into gold and silver while in the US they are advising their people to
invest in treasuries and its people are selling its gold so cheaply.This thing about running to financial safety in treasuries, its like running into
a burning building to get away from the fire.I really think now they may be planing to collapse the whole country.
People have been trained to only see paper money, as money and will constantly show how sheepish they really are by saying things like you cant eat
I can just as easily say you cant eat money either.And you cant spend food.
Its been nearly 100 years to get people trained so well that an unbacked currency will work this well.Its required an entire generation of people to
have literally died off and forgotten gold and silver for the system to have worked as well as it has and for as long as it has.
I just recently read that economists and fund managers are not taught much monetary history.Easy to speculate it was part of a plan to make sure fiat
or unbacked money will continue to work.Keep em dumber.
Look up shadowstats and then look at the lower inflation rates reported by the government.
Ask yourself what happens if you have a hidden inflation rate of 7% but only pay 4% on 30 year treasuries.This would mean that the government can
print out of thin air 7.00 and then give you the 4.00 and keep 3.00 for themselves.Seriously people are paying the government money to loan them money
and then they hit you with capital gains on the 4% if you are not careful. 30 years is very risky too.
The government has had a great scheme that the Chinese are catching on to and getting fed up.
So by making sure gold looks bad and even I have had people tell me gold is a lousy investment people will continue to loan money to the government
and end up losers.
But you can not print actual gold and schemes must eventually end?
[edit on 19-1-2010 by ultarnerd]
[edit on 19-1-2010 by ultarnerd]