Jake, the Champion of the Constitution -  September 22, 2008

Citigroup and GATA Call for an End to the Suppression of the Gold Market

I want to share some information on gold and a few calculations with you all. First my simple premise in case you have missed it in prior articles.

Fiat currency is a scheme perpetrated by central banks and the tacit (or is it helpless?) permission from their governments. Fiat currency is almost completely worthless and has no intrinsic value. Ultimately (no predictions as to when) electronic and paper fiat money will be worthless. All of the world’s fiat money is actually a form of debt, and it results in never-ending currency debasement, of which one way is expanding the money supply, aka “printing more money,” aka inflation. To make their scheme work, they intervene in the precious metal markets to manipulate the prices of silver and especially gold. By keeping the prices of real honest money suppressed, they try to make their fiat currency look stronger.

It gets quite a bit more complicated with derivatives (especially!), fractional reserve banking, central banking, currency exchange rates, low-cost exploitation of resource-rich regions, politics, and governmental and nongovernmental stock market manipulations but the above is the heart of it.

Full story

Tags: Economic Collapse

This entry was posted on Wednesday, September 24th, 2008 at 11:33 pm and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.