reply to post by UberL33t
The answer is simple, the gold supply is not going up, it is merely the wars.
During any and all subsequent wars throughout history, if the price of gold begins going up, it means war is looming, based upon those who know within
the confines of Wall Street, it has always been an indicator of war.
Wall Street & the Bolshevik Revolution
Wall Street and FDR
Wall Street and the Rise
of Hitler
While yes, hoarding is a part of it, it is by no means the entire reason for gold prices.
So, when we are not at a state of war, the price of gold drops, exponentially.
I have known that particular piece of trivia since I was six years old.
The reason I have never profited off of it are three-fold :
1) Never having adequate money to purchase gold when I saw it.
2) I do not believe in profiting off of the deaths of others.
3) It is cyclical, meaning it happens in cycles, I was either poor or could care less.
You should be very careful quoting and or using the Christian Science Monitor.
First, it is filled with their agenda, usually packed with lies.
Second, if you are not affiliated, they may attack you.
Third, it is no more "Christian" than Manson was the Messiah.
If you want to read some on the usage of money and wartime, which will touch on gold, I suggest both a good book, and as well a thread I started about
it.
The Creature from
Jekyll Island: A Second Look at the Federal Reserve
Amazon Review :
Where does money come from?
Where does it go?
Who makes it?
The money magicians' secrets are unveiled.
We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create the grand illusion called money.
A dry and boring subject?
Just wait!
You'll be hooked in five minutes.
Reads like a detective story — which it really is.
But it's all true.
This book is about the most blatant scam of all history.
It's all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity.
Creature from Jekyll Island will change the way you view the world, politics, and money.
Your world view will definitely change.
You'll never trust a politician again — or a banker.
And here is a link to my thread with a video lecture by the
author :
The Creature from Jekyll Island : A Second Look at the Federal Reserve
Quote from : Wikipedia : G. Edward Griffin
G. Edward Griffin (born November 7, 1931) is an American film producer, author, and political lecturer.
Starting as a child actor, he became a radio station manager before age 20.
He then began a career of producing documentaries and books on often-debated topics like cancer, Noah's ark, and the Federal Reserve, as well as on
Libertarian views of the U.S. Supreme Court, terrorism, subversion, and foreign policy.
Since the 1970s, Griffin has promoted laetrile as a killer of cancer cells, a view not accepted by a majority of scientists.
He has also promoted the Durupınar site as hosting the original Noah's ark, against skeptics as well as near-Ararat Creationists.
He has opposed the Federal Reserve since the 1960s, saying it constitutes a banking cartel and an instrument of war and totalitarianism.
In 2002, Griffin founded the individualist network Freedom Force International.
Griffin is a strong believer in the
Mandrake Mechanism.
Quote from : Wikipedia : G. Edward Griffin : Mandrake
Mechanism
The "Mandrake mechanism"
The Mandrake mechanism is a term coined by Griffin in this book.
Mandrake the Magician was a comic strip character from the 1940s.
He had the ability to magically create things and, when appropriate, make them disappear.
Griffin's view is similar to many other gold-standard supporters' critique of the fractional reserve banking system and the Federal Reserve in
particular: that it makes money "magically" appear from nothing.
In Griffin's view, the "magical" quality of this mechanism is really just a simple mathematical limit (mathematics).
When banks loan money, they don't actually loan existing money.
Rather, they allocate money to loan, but they are limited by how much money they can create.
The law basically says that, for each dollar a bank has on hand in one of its savings accounts, it is allowed to create another 90 cents to give out
as a loan.
(The dollar from the savings account is still there, and can still be spent by the person who owns the savings account.)
This loan is then spent, and the recipient puts it into another bank, and that bank can now loan 90 cents times 0.9 = 81 cents.
This can be repeated many times (depending on the demand for loans) until it approaches its mathematical limit of 10 dollars.
For example, when the Federal Reserve holds on deposit 1 billion in marketable United States Treasury security then the banks in the banking system,
public and private, and bound by US financial law, are able to generate 10 billion in new debt over time.
In September, 2008 the US Public Debt was 5.8 trillion and from that debt there was a potential to create approximately 53 trillion
((5.8x10)-5.8=52.2) dollars of money (as debt).
Griffin even has a website called the
Reality Zone.
[edit on 31-5-2010 by SpartanKingLeonidas]
