 |
 |
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
|
|||
 |
|||
|
|||
 |
|||
|
Trilateral Plan to Corner World Gold Market?
- Text size
Patrick Wood
August Review
December 12, 2009
[Editor's note: members of the Trilateral Commission and companies with Commission representation appear in bold type.]
Since 1973, this writer has made inquiry as to the location and ownership of the vast stores of monetary gold (400 oz., .999 pure bars) in the world. There has not been a formal audit on Fort Knox, for instance, since the Eisenhower administration. Official statistics on gold holdings are often contradictory. Getting plain answers from any Central Bank in the world, including the Fed, is virtually impossible.
This paper points out a pattern of manipulation that has been clearly observed by many people. However, patterns do not exist in a vacuum, but rather they are evidence of the existence of a stable and consistent methodology. Clearly, more study needs to be done in identifying the finer parts of the methodology and its designers, but this is a good start!
When Richard Nixon canceled the Bretton Woods system in 1971, exchangeability of paper dollars for gold was terminated. In 1970 alone, available gold vs. dollars outstanding had shrunk from 55 to 22 percent, thus exerting pressure for investors to switch to gold to avoid further dilution of dollar assets.
Although the economic and financial experts swore that gold was an outmoded, ineffective and useless financial asset, cooler heads knew better. In recent years, these same experts have reversed field and are now proclaiming that gold is still, and always has been, a consistent monetary asset. Why the flip-flop?
The economic chaos in the world today is a direct result of policies set in motion to foster a New International Economic Order (NIEO). The NIEO was the explicit creation of the Trilateral Commission, founded by David Rockefeller and Zbigniew Brzezinski in 1973, and their early papers and task force reports clearly asserted their NIEO plans.
Members of the Trilateral Commission were instrumental in creating the European Union as well. The EU is the prototype of global governance that will soon exert its influence to reshuffle world relationships.
Since 1973, Trilateralists have dominated the Executive Branch of the U.S. government with politicians like Jimmy Carter, George H. W. Bush, Bill Clinton, Al Gore and Dick Cheney. This has led to domination of the world trade mechanisms like the World Bank and negotiation of free trade agreements.
Six out of eight presidents of the World Bank have been members of the Commission. Eight out of ten of the U.S. Trade Representatives USTR have been Commissioners.
Indeed, the Trilateral Commission has had undue influence and control over the development of globalization, and it was self-interested at best.
With today’s total meltdown in economic and global financial markets, one must ask, "Are these people just plain stupid?"
The answer has to be "No", considering their great success at consistently dominating political and economic processes over a span of thirty-five years.
So what else is going on?
There is mounting evidence that there has been a larger plan underway to corner the global supply of gold, thus laying the groundwork for a global currency exclusively controlled by Trilaterals and their friends. By extension, economic and political mechanisms would be controlled to the same extent.
From a Trilateral perspective, the Bretton Woods system had two flaws:
- Gold was rapidly being decentralized into non-Trilateral hands
- It limited the arbitrary creation of paper money to finance projects launched by Trilateral-related global companies. (Read Trilaterals Over Washington (Sutton & Wood) for detailed documentation on this process)
The breakup of Bretton Woods and the resulting opportunities may have been the principal rationale for the creation of the Trilateral Commission in the first place.
Since 1973, there has been an overarching plan to quietly centralize gold into private hands, using incrementally created wealth made possible by rapidly inflating paper currencies.
This theory must be explored and tested, because if true, it represents not just the hijacking of America (already thoroughly demonstrated elsewhere in this writer’s papers), but the hijacking of an entire planet!
In 1976, Antony Sutton wrote,
"The assault on gold today is an integral part of a planned move into a new economic order under the dominance of a single country. It was Nazi Germany in the 1940’s; it is the United States in the 1970’s. In brief, the war on gold that we observe today, and discuss below, is dollar imperialism, designed to maintain the U.S. dollar as the only world currency without competitors. The purpose is the formation of a world totalitarian state under Wall Street dominance." (The War on Gold, Antony C. Sutton, 1976, p. 63)
Sutton’s view was limited because he had not yet discovered the Trilateral framework just created three years earlier in 1973. We can see now that the totalitarian state is still clearly in view, but the self-proposed rulers of this new arrangement will be members of the Trilateral Commission, and their monetary "enforcer" will be gold.
2008 Gold Hegemony
Bill Murphy is the chairman of the Gold Anti-Trust Action Committee (GATA), which has asserted for almost 10 years that a concentrated gold cartel has been manipulating the price of gold. Murphy and GATA are highly regarded around the world on their work to expose this cartel.
On September 10, 2008, Murphy made an opening statement at the 2008 Las Vegas Hard Assets Investment Conference, reprinted in full below. Murphy’s perspective and argument does not include the Trilateral Commission, but the players in his narrative are largely members or former members of the Commission.
This leads this writer to connect some dots between 1973-1976 and 1998-2008.
In Murphy’s comments, note that the famous bullion banks of 2008 include Goldman Sachs, JP Morgan Chase, Citigroup and Deutsche Bank, all of which have at least one director or senior official sitting on the Trilateral Commission. In addition, the players Murphy names are members of the Commission.
As Sutton did in 1976, to imply a "war on gold" necessitates an eventual victory, a victor and a loser. It is already painfully obvious that the citizens of America are the losers: The middle class is being wiped out and we all hold a debased paper currency that is headed toward destruction.
The question is, who will the winner be? And what is the victor’s intent over the conquered?
Bill Murphy’s Opening Statements
The Gold Anti-Trust Action Committee’s basic assertion for the past 9 ½ years is that there is a Gold Cartel out there suppressing the price of gold. It consists of the US Government, including the Fed and Treasury, various other central banks, and bullion banks like Goldman Sachs and JP Morgan Chase.
The motives of “the cabal” are to give support to the dollar, keep US interest rates lower than they should be, and to tone down the widely watched US barometer of US financial market health, that being the gold price. After all, whenever the price of gold soars, it congers up talk of too much inflation, a sinking dollar, or a crisis of some sort … all negative for Wall Street and the incumbent administration.
Therefore, “Shoot the Messenger” is The Gold Cartel’s key mission.
The suppression of the price of gold was the essence of Robert Rubin’s Strong Dollar Policy. What else did the US do to effect that policy? Talk? Jawbone?
It seems to have all started with Robert Rubin…
Before he was CEO of Goldman Sachs and then US Treasury Secretary, Robert Rubin worked in London for Goldman Sachs. One of his duties was to oversee their gold trading operations. We know this because the CEO of Kirkland Lake Gold, Brian Hinchcliffe, a staunch GATA supporter, worked in London back then for Goldman Sachs and reported directly to Robert Rubin.
This was many years ago and interest rates in the US were very high, say from 6 to 12%. Rubin had Goldman Sachs borrow gold from the central banks to fund their basic operations. They could do so at about a 1 % interest rate. This was like FREE money, as long as the price of gold did not rise to any sustained degree for any length of time.
Soon other major financial institutions realized what GS was doing and copied them. Rubin continued these operations as the Goldman Sachs CEO and then took it to a new level as US Secretary Treasurer. That is how the gold price suppression became the lynchpin of his widely acclaimed “Strong Dollar Policy.” GATA’s Reg Howe caught on to this notion in a paper titled, “Gibson’s Paradox and The Gold Standard,” co-authored by Lawrence Summers in 1988. Summers, a professor at Harvard at the time, succeeded Rubin as US Treasury Secretary. The bottom line of Summer’s analysis is that “gold prices in a free market should move inversely to real interest rates.” Control gold and it will help to control interest rates.
Bullion banks such as Goldman and Morgan became The Gold Cartel’s hit men, trading the gold market from the short side and bombing the market in coordinated anti-trust fashion at the beck and call of our government, making a great deal of money in the process … as you have all witnessed the past couple of months.
- A d v e r t i s e m e n t
In a brilliant piece a few weeks ago Ted Butler reported 3 U.S. banks held a short position of 7,787 contracts (778,700 ounces) of gold in July, and, astonishingly the same 3 U.S. banks held a short position of 86,398 contracts (8,639,800 ounces) in August, an eleven-fold increase. Gold then declined more than $150 per ounce once Secretary Paulson (note: Paulson is ex-CEO of Goldman Sachs) gave the order, just as he did in May 2006 when a similar order was given, according to a US Senator from the state of Washington. Both times, various bullion banks made vast amounts of money quickly as the US government facilitated their short positions by feeding considerable clandestine central bank gold into the physical market.
It was the concerted, concentrated action of certain BULLION BANKS, which tipped off GATA what was going on nearly a decade ago now.
It was this clandestine feeding of central bank gold into the marketplace which clued GATA into the gold price suppression scheme. Three GATA consultants, Reg Howe, Frank Veneroso and James Turk, using independent, sophisticated methodologies, came to the same conclusion years ago … that the central banks have far less gold than the 30,000 tonnes of gold they say they have. The GATA camp research shows they have less than half that amount in their vaults, the difference being the amount that has been fed into the physical market to suppress the price. Since demand for physical gold exceeds mine and scrap supply by well over than 1,000 tonnes per year, this central bank gold is vital to prevent the price from exploding.
GATA is not alone in recognizing the central banks are not accounting for their gold properly. GATA revealed an IMF paper which corroborates GATA’s claims that much of the central bank gold has been double counted and that the central banks are not properly accounting for the gold no longer in their possession.
ISSUES PAPER (RESTEG) # 11
TREATMENT OF GOLD SWAPS AND GOLD DEPOSITS (LOANS)
“14. Regarding the statistical treatment of gold swaps, its treatment should be consistent with that of other reverse transactions, as presented in paragraph 7 above. Thus, swapped gold should be excluded from both reserve assets and IIP (demonetization). This is a logical consequence, and overstating of reserve assets can be avoided. On the other hand, this results in a decrease in the financial assets of the monetary authorities.”
Gold swaps and gold leasing are at the heart of the gold price suppression scheme. For example, the US cannot sell its 8,133.5 tonnes of gold without an Act of Congress, but they could lease or swap it. In 2006 the President of the Bundesbank made an astonishing statement for a central banker: “We have been asked to negotiate with other central banks’ about potential swap deals involving gold.”
Is this stuff hush hush? I guess so.in January 1995, the Federal Reserve’s general counsel, J. Virgil Mattingly, told the Federal Open Market Committee, according to the committee’s minutes, that the U.S. Treasury Department’s Exchange Stabilization Fund had undertaken “gold swaps.” When the GATA camp had Kentucky Senator Jim Bunning inquire Alan Greenspan what that was all about, Mattingly came back and said the Fed testimony was GARBLED … Right…
Recently GATA filed Freedom of Information Act requests to the Fed and Treasury about US gold swaps. The Fed redacted 300 pages of information and refused to send another 400 pages. Now, think about it … if the US gold is, and has been, just sitting in our vaults, without a true independent audit since the Eisenhower Administration, what is their to withhold?
As for GATA’s request to the Treasury about any Exchange Stabilization Fund activity into the gold market, they answered in the negative by referring to the Exchange STABILITY Fund. Can they be that lame?
Is the gold price manipulated? You don’t need to read through GATA’s countless evidence to appreciate what is going on. It is on the public record…
beginning with Alan Greenspan’s testimony before Congress in 1998:
“Central banks stand ready to lease gold in increasing quantities should the price rise” … which is just what they have done!
The Reserve Bank of Australia confessed to the gold price suppression scheme in its annual report for 2003. “Foreign currency reserve assets and gold,” the RBA’s report said, “are held primarily to support intervention in the foreign exchange market.
Maybe the most brazen admission of the Western central bank scheme to suppress the gold price was made by the head of the monetary and economic department of the Bank for International Settlements, William S. White, in a speech to a BIS conference in Basel, Switzerland, in June 2005. There are five main purposes of central bank cooperation, White announced, and one of them is “the provision of international credits and joint efforts to influence asset prices (especially gold and foreign exchange) in circumstances where this might be thought useful.”
Barrick Gold, then the largest gold-mining company in the world, confessed to the gold price suppression scheme in U.S. District Court in New Orleans on February 28, 2003. On that date Barrick filed a motion to dismiss Blanchard & Co.’s anti-trust lawsuit against Barrick and its bullion banker, JP Morgan Chase, for rigging the gold market.
Barrick’s motion said that in borrowing gold from central banks and selling it, the company had become the agent of the central banks in the gold market, and, as the agent of the central banks, Barrick should share their sovereign immunity and be exempt from suit.
Is the gold price manipulated today? Former Federal Reserve Chairman Paul Volcker wrote the following in his memoirs:
“Joint intervention in gold sales to prevent a steep rise in the price of gold (in the 1970s), however, was not undertaken. That was a mistake.” …
Robert Rubin and gang took heed … as are more and more in the mainstream financial world. Just last week, the highly regarded Don Coxe of the Bank of Montreal stated the following in an audio presentation last about recent market action to the bank’s clients:
“The Most Massive Intervention Of Government Into The Capital Markets, Or The Financial Markets, Since President Roosevelt Closed The Banks Back In 1933,”
It’s wake up time, finally.
Recently, there has been talk about the Working Group on Financial Markets (more commonly known as The Plunge Protection Team), which consists of the President, Treasury Secretary, and heads of the CFTC and SEC. Think about it … why are bureaucrats included in meetings about the markets except to look the other way regarding government intervention?
To give you an idea just how pervasive and insidious our markets have become, I bring your attention to the Counterparty Risk Management Group. Ever hear of it?
It consists of major players in the investment banking/hedge fund community in New York, including Goldman Sachs. Citigroup, JPMorgan Chase, and Deutsche Bank (all defendants in GATA’s Reg Howe’s suit against The Gold Cartel in 2001). There are a number of other participants such as the famed hedge fund of Paul Tudor Jones.
On July 27, 2005, E. Gerald Corrigan, former President and CEO of the Federal Reserve Bank of New York, and now a Managing Director of Goldman Sachs, wrote:
The Report of the Counterparty Risk Management
Policy Group IIAddressing it to:
Mr. Henry M. Paulson, Jr.
Chairman and Chief Executive Officer
Goldman, Sachs & Co.(all roads always lead back to Goldman Sachs)
He stated; “since we know that financial disturbances and even financial shocks will occur in the future, and we know that no approaches to risk management or official supervision are fail-safe, we also know that we must preserve and strengthen the institutional arrangements whereby, at the point of crisis, industry groups and industry leaders, as well as supervisors, are prepared to work together in order to serve the larger and shared goal of financial stability.”
This Orwellian shared goal of financial stability, which began with the serious rigging of the gold price under Robert Rubin, has led us to the financial market mess we have today. It is wrong and must be stopped!
Is the cat out of the bag?
In the 2007 May/June issue of Foreign Affairs, Benn Steil presented his paper, The End of National Currency. Steil is Director of International Economics at the Council on Foreign Relations. In his report, Steil stated,
"So what about gold? A revived gold standard is out of the question. In the nineteenth century, governments spent less than ten percent of national income in a given year. Today, they routinely spend half or more, and so they would never subordinate spending to the stringent requirements of sustaining a commodity-based monetary system. But private gold banks already exist, allowing account holders to make international payments in the form of shares in actual gold bars. Although clearly a niche business at present, gold banking has grown dramatically in recent years, in tandem with the dollar’s decline. A new gold-based international monetary system surely sounds far-fetched. But so, in 1900, did a monetary system without gold. Modern technology makes a revival of gold money, through private gold banks, possible even without government support."
This is hardly far-fetched. Zbigniew Brzezinski noted in 1972 that "the nation-state as a fundamental unit of man’s organized life has ceased to be the principal creative force: International banks and multinational corporations are acting and planning in terms that are far in advance of the political concepts of the nation-state."
Cracks in the dam
Noted Romanian economist, Professor Antal Fekete, released a critical report on December 5, 2008, entitled "Red Alert: Gold Backwardation."
For the first time in history, gold futures sold below spot price and creates a potential crisis in gold delivery at the end of December. Fekete states,
"According to the December 3rd Comex delivery report, there are 11,759 notices to take delivery. This represents 1.1759 million ounces of gold, while the Comex-approved warehouses hold 2.9 million ounces. Thus 40% of the total amount will have to be delivered by December 31st. Since not all the gold in the warehouses is available for delivery, Comex supply of gold falls far short of the demand at present rates. Futures markets in gold are breaking down. Paper gold is progressively being discredited…"
"Gold going to permanent backwardation means that gold is no longer for sale at any price, whether it is quoted in dollars, yens, euros, or Swiss francs. The situation is exactly the same as it has been for years: gold is not for sale at any price quoted in Zimbabwe currency, however high the quote is. To put it differently, all offers to sell gold are being withdrawn, whether it concerns newly mined gold, scrap gold, bullion gold or coined gold. I dubbed this event that has cast its long shadow forward for many a year, the last contango in Washington ― contango being the name for the condition opposite to backwardation (namely, that of a positive basis), and Washington being the city where the Paper-mill of the Potomac, the Federal Reserve Board, is located. This is a tongue-in-cheek way of saying that the jig in Washington is up. The music has stopped on the players of ‘musical chairs’. Those who have no gold in hand are out of luck. They won’t get it now through the regular channels. If they want it, they will have to go to the black market."
Conclusion
If Fekete is correct, and he has seldom been wrong, then the trap is snapping shut on who will own the gold in 2009. Free-market supplies of gold are drying up, but the price is being kept low as global institutions sop up whatever crumbs are left.
Several very serious implications can be drawn:
- The massive amounts of gold leased to bullion banks will ultimately be seized by these same banks as collateral against worthless paper loans made to the Central Banks.
- Central Banks (including the Federal Reserve) could well be left to disintegrate in order to give way to a single global central bank controlled and fueled by the bullion banks who have Monopoly control over the world’s gold.
- These superbanks are all closely tied to the goals and membership of the Trilateral Commission, whose members have methodically carried out a monetary policy designed to bring about this eventuality.
- For all practical intent, individuals will be frozen out of the gold market at any price.
Indeed, a global totalitarian state may be closer than we think; as the globalist’s golden rule states, "He who has the gold, makes the rules."
-
- Social bookmarks
- Email this article
-
- Print this page
- Share on Twitter
January 12th, 2009 at 4:36 pm
The best and most important Info-Wars article that I have seen in the past 2 years. Outstanding research and insights. Indeed, the elite is ‘fixing’ it so there will be no way to revalue to dollar to Gold because all of the gold suplies of the US will be depleated.
January 12th, 2009 at 4:37 pm
Responding to Stand United: whoever you are, your post was excellent. I felt calm as I read. But I also felt strength. You gave out good info and where to look for that info.
The reason I write you this, is, I dont blog very well, and trying to do better. My blogs show frustration, with very little information overall. I am going to use your post as an example in helping my posts become better. thanks.
I hope others will try to do better also. The frustration is difficult I know, but we have to keep calm and civil and be an example. Keeping calm even in much diversity, such as when they want to take our firearms away, or take us to a fema camp, and we say no, is important also. Calm heads will be more powerful than not being calm.
January 12th, 2009 at 4:41 pm
Americans, are You planning to be British slaves for longer? Are you planning to do something about it?
January 12th, 2009 at 5:06 pm
It is grossly under appreciated by Alex and others how easily could the Illuminati be taken down, you only need to concentrate on eliminating their power to rig the gold and silver market, and they would be left like children with their toys taken away from them!
Buy and hold physical gold and silver! Go GATA!
http://news.silverseek.com/Sil.....917480.php
January 12th, 2009 at 5:11 pm
Great work Patrick, a bit wordy, but great work.
They (the crooks) have to fence off the $8.5 trillion to some dumb suckers, say euro’s, yen, or Chinese. Once they can convince others that the dollar is “worth it’s weight in gold” then they sell them off and then they will collapse the dollar.
But! The only way for it to work is if they keep the gold and silver prices at bay, that will make the $ look strong. Once they have collapsed the $ gold and silver will go through the roof as the only real currencies.
They get the benefit of buying shit tonnes of gold and silver while they a dirt cheap.
January 12th, 2009 at 5:15 pm
Look back at the last century, less than 75 years ago there were $1, $2.5, $5, $10, $20 gold coins in circulation in the U.S. then in 1933 they were stolen from the American people. You won’t find $5 worth of gold in circulation today!
The dollar lost it’s value because the printing press got all fired up.
January 12th, 2009 at 5:19 pm
The Rothschilds acquire the rights in the Almadén quicksilver mines in Spain. This was at the time the biggest concession in the world and as quicksilver was a vital component in the refining of gold or silver this gave the Rothschilds a virtual world monopoly.
1840: The Rothschilds become the Bank of England’s bullion brokers. They set up agencies in California and Australia
1852: N.M. Rothschild & Sons began refining gold and silver for the Royal Mint and the Bank of England and other international customers.
1919: N. M. Rothschild & Sons’ are given a permanent role to fix the world’s daily gold price. This takes place in the City of London offices, daily at 1100 hours, in the same room until 2004
1991: The Jewish Post International Edition, week ending January 24th 1991, confirms Vladimir Lenin was Jewish. Lenin is also on record as having stated, “The establishment of a central bank is 90% of communizing a nation.”
And to stop those of us who know what is going on and may protest:
2002: Webster’s Third New International Dictionary (Unabridged), re-printed in 2002, provides a new definition of Anti Semitism which has not been updated since 1956. It reads, “Anti-Semitism: (1) hostility toward Jews as a religious or racial minority group, often accompanied by social, political or economic discrimination (2) opposition to Zionism (3) sympathy for the opponents of Israel.”
It was definition (2) and (3) that were added in the 2002 edition, just before the USA decide to invade Iraq under orders from the State of Rothschild, I mean Israel.
2003: The United States invade Iraq on 19 March, the holy, “Day of Purim,” in the Jewish calendar. This, “Day of Purim,” is a day the Jews celebrate their victory over Ancient Babylon, now based within the borders of Iraq, how interesting. Iraq’s gold and dinars disappear.
Ancient Babylon, I mean Iraq, is now one of six nations left in the world who don’t have a Rothschild controlled central bank. This war is mainly about stealing Iraq’s water supply for Israel and is being fought with the blood of the American military which the State of Rothschild, I mean Israel control.
Central Bank of Iraq established.
And the rest as they say, is history…
January 12th, 2009 at 5:25 pm
yepp thay want the Gold .
so wot do thay need with all that gold ?
January 12th, 2009 at 5:27 pm
If this is true, why can’t some reliable newscaster or person expose these organizations and the members, and if they have committed crimes, have our military round these people up!
January 12th, 2009 at 5:47 pm
cooper-
The corporations, the hand of the New World Order, own the media outlets. That’s why we have not had a gold audit since the Eisenhower Administration. Think a crime ‘this big’ cannot be hidden? I’d say one word: Madoff. $50 Billion Ponzi Scheme, and ya think one one noticed??
January 12th, 2009 at 6:24 pm
The really interesting thing I find, is that the powers that be, believe that they can keep control of the entire population, even as they begin the worst plundering of the world population, ever. The hubris and self-deceit of these individuals is staggering to a civilized mind, and do not be fooled, they are individuals, not races or religions. Their allegiance is only to money at the of their souls, families and lives. But we should never have expected any less of them. They are truly evil.When enough good men have finally had enough, the elimination of these individuals will become the goal and the need and the end of the greed and it can’t happen soon enough.
January 12th, 2009 at 7:54 pm
9-11 video for your dumbed down over fluoridated idiot friends and family http://www.youtube.com/watch?v=LQYFABSlCQ4
January 12th, 2009 at 8:15 pm
Goldis only valuble to people who are intrigued by gold. Otherwise it has no practical value and is worthless.
You cannot eat gold. You cannot make tools of gold.
You cannot do anything with gold except make high quality eletronic conections/parts. It has no PRACTICAL value.
I am not interested in nor will never aspire to own gold for any reason.
January 12th, 2009 at 8:36 pm
Herewith you sound like a dirty jew hater… nice info though
January 12th, 2009 at 8:42 pm
Of course, there is no more room for doubt. How can a cashless society be created without a fixed price for gold – WORLDWIDE.
January 12th, 2009 at 9:30 pm
gotta grab up some of dos OBAMA coins they shows on TV
January 12th, 2009 at 9:30 pm
Goldfinger was right make the world’s supply of gold rare, but make sure you own the rare part. It’s my guess that private gold will be called. Before that happens the price of gold will be forced down and then when they have control “Barky” will be ordered to write Executive XXXXX and viola Gold Heist number 2 occurs with the stroke of a pen!
Who will end up with the gold? Can we all say the word Banks? That’s what happened in 1933 and these MF’s are going to try it again. Folks don’t turn in your Gold this time around. CasualObserver is right gold is gold for nothing, but CasualObserver misses the point a new world currency cannot become a reality without that yellow heavy stuff….that makes gold very valuable at least in the eyes of the IMF (Intoxicated Mother F_ _kers)
January 12th, 2009 at 9:45 pm
Deja ‘vu.
What else is to be expected when the same heartless, greedy bastards are allowed over and over again to hold reins of power?
January 12th, 2009 at 10:07 pm
Herewith take your k kk butt back to the backwoods!
January 12th, 2009 at 10:14 pm
Ultimately, investing in Gold will be as worthless as investing in Wall Street. Because the same people who control the false investment markets also control gold (or soon will) it can’t be trusted as a solid investment either. The Neocons (cons is more like it) will manipulate it just like they do the stock markets so there will be peaks and valleys but ultimately nothing but one big valley unless the FED is destroyed!
January 12th, 2009 at 10:51 pm
I recall that Ron Paul actually headed up a comission specifically tasked with auditing the US gold bullion in Fort Knox, but they were not allowed into the facility to make a visual inspection(!). Imagine the irony in that for a moment, and it becomes all the clearer why Paulson and his banker buddies ‘had’ to distribute the $700 bailout in total secrecy and with zero oversight. I don’t know which is worse– that the NWO thinks the average citizen is dumb enough to believe this cheap ruse, or that we truly are that naive and dimwitted. At any rate, I have seen firsthand what happens to an economy when its currency drops unexpectedly by 50% over the weekend– in Venezuela about 10 years ago. Their currency is no longer even accepted on the international exchange market– citizens there have to buy dollars or euros on the local black market if they plan to travel. If people suspect the dollar’s future is shaky, then by all means, trade it for ANYTHING else of intrinsic value– be it land, precious metals or beans, bandaids and bullets. Just don’t leave it in your bank account trailing inflation by the current 15-18%.
January 12th, 2009 at 11:19 pm
excellent, I knew they were suppressing it, but this explains how and what
Hencewith, great history lesson, more pls
when do you think the dollar will be devalued? anyone take a guess?
January 12th, 2009 at 11:19 pm
A lot of folks are saying not to invest in gold because of the manipulation and they can make it worthless if the central banks wish to. I think people are wrong about this. Why do you think the central banks are hording the gold? So they can take a huge loss on it after they implode the US economy? Not a chance! They have been gathering gold so they can get even richer when it does go boom. This is all about greed and it always has been. I do agree that nobody should back all their savings in gold/silver because you need to diversify. At the same time, there are rumors that the new American union money will be silver backed, not gold. So if that were the case silver has more intrinsic value on the market. Plus its more in demand from a global standpoint. Gold is for the rich, which most people aren’t. Buy a little silver if you can find any.
January 12th, 2009 at 11:38 pm
I don’t know about the author’s premises. First of all, gold only has value if it can be traded. If all these bullion banks have cornered the gold, to hold it and not release it then what value is the gold they hold? If the purpose is to go back to a gold backed currency (redeemable) then the political scientists are left out of the equation, i.e. they do not have a flexible currency that they can inflate forever to grow without bounds.
No, I disagree I think that what Professor Fekete is saying is that there are private holders of gold not associated with the bullion banks that will not be coaxed into releasing their gold at any price, that includes leasing their gold to reserves. Remember that gold can always be mined as well, what he is saying is that the primary holders of gold are most likely these independent mining companies that have vast untapped reserves. Since gold was shelved as money since 1971, the amount of gold production has dramatically reduced, therefore un-mined reserves exist which the mining companies will not endeavor to produce until saner times return.
Professor Fekete is prophesying the end of fiat currencies as we know it. Central planners and bankers love fiat currencies, they have always wanted flexible currency that they could create out of thin air (national debt – tied to national debt since it is sovereign and therefore worth something – which is also debateable.
No the war on gold means that the central banks have been systematically repressing the true value of gold through the future’s market and practicing the ages old game of fractional reserves, they issue more paper gold than they actually hold in reserves.
January 12th, 2009 at 11:40 pm
Looks like they will plunder USA and the rest of the world like they did with Germany after ww1.
January 13th, 2009 at 1:47 am
Sitting next to “gun for hire” Economist on my way to Europe, he talked of Zero interest and how that is such a great way for the U.S. to print and borrow money for free….what a concept. Paulson’s visit to China was a complete disaster as the Chinese refused to take on any more of the U.S. debt, and flatly refused a paper buy out at any cost.
He also said that if we were all alone in this world how this Ponzi scheme would be such a great way of floating a battered and bankrupt economy, but we are not alone, we rely on the global economy and it’s reliance on our debt and payback to perpetuate the fraud of U.S dominance will be revealed as a scam that has wrought thi economic lie like it has for many years.
Ladies and Gentlemen, the scheme is now at an all time bursting bubble that cannot be played in it’s economic swindle much longer.
Negative returns on Treasuries??? Who do you think is behind that ? The U.sual S.uspects I pesume.
Gold and Silver will fall for 6 to 12 months but the man behind the curtain will surely be revealed and when he is….the true value of commodities will show full force and the U.S. will be forced to face the overweight chickens that come home to roost.
Food is surely to be affected,( we import 60+% of our food), and gold, already oversold will be called and the holders of ETF’s will suffer severly.
When the Spot price of Gold is equal to or greate than the price of Gold itself, it points to one thing, there is no more tangible Gold to be bought at any price. Buy what you can afford in gold and silver,( Platinum being a By-Product of the auto industry is sure to fall), and by Hydrogem engineering plants and solar, almost a sure bet.
A friend of mine who was a trader on Wall Street once told me,” Don’t go where the Herd goes its easier to slaughter them with less bullets”.
January 13th, 2009 at 2:34 am
@21, Gold will never be worthless becuase it has to be found, extracted from the earth, processed, and struck. They may manipulate the price now and forever, but if their fiat system fails people will begin to trade with coins.
January 13th, 2009 at 3:44 am
The gold solution.Get shares in a junior gold company which has no debt no hedging no sovereign risk is in production has very low cost production and has expanding reserves with shares very cheap. Check out Australian gold company Citigold Corp web site http://www.citigold.com …..ADR DR symbol CTOHY…..CUSIP173062100 . “Mining Australia’s largest bonanza gold deposit “
January 13th, 2009 at 3:48 am
Check out www. citigold.com Australian company DR symbol CTOHY …CUSP 173062100
January 13th, 2009 at 4:06 am
http://www.inminds.com/boycott-us-companies.html
January 13th, 2009 at 10:22 am
I’m so sick this slimebags running around like they own the planet, where is our militiary, these are the terrorists. This is why I have no respect for our Militiary. They are cowards, afraid to arrest people gitmo.
January 13th, 2009 at 11:00 am
For the record: the date of this great article is wrong. It should read January 12, 2009.
January 13th, 2009 at 12:00 pm
Thank you a thousand times for running this!!! We’ve compared the relatively limited quantity/ production of gold “out there” to the absolutely insane/out-of-control creation of “money” all around the world that has occured in just the last half-year, and the current absurdly low “quote” for gold is a complete myth. Gold is much more limited (in nature, it occurs in one part in 3.5 billion) than the virtually unlimited creation of “money”, money that now has absolutely no economic foundation/basis underneath it. Keep your eyes and ears open, friends – Out of the storehouses of the earth, not man’s corrupt banks, nor his ‘hedge funds’, nor his ‘bonds’, the Good Lord bringeth forth His treasures…The ideas presented about the private gold trading being developed is most interesting – once again this proves the old adage “If you want it done right, you’d better do it yourself”.
January 13th, 2009 at 12:41 pm
Throughout Americas history, there have been some years that simply rolled into the next without much notice or fanfare. Then there are the years that come along once in a generation the kind that mark a clean break from a troubled past, and set a new course (NWO)for our nation. Barack
Obamas speech at George Mason University near Washington on January 8, 2009.
http://ca.youtube.com/user/AlexJonesCensored
January 13th, 2009 at 12:57 pm
Gold…just another bait and switch.
No matter what happens we will be content to be screwed over. Like Carl Rove said, “We create the reality and you are left to study the realities we create.”
They create the problems, wait for our reaction, then do a bait and switch. Look at the Trans-Texas corridor, supposedly it has been defeated but in “reality” it has morphed into another skin. They will implement it incrementally. Same goes for Real-ID…remember, it went into effect last year yet we’ve heard little to nothing about it.
Then we have Codex Alimentarious, due to be implemented on Dec. 31, 2009. It won’t go into effect on that date, it might even be “defeated” publically but trust me, it will be implemented slowly at first, then gain steam because of some weird event that seemingly looks like some sort of accident.
And lastly, during the 60’s we have very strange secret meetings and think tanks about war and continuity of government, social control through other means then wars, etc. Finally 40 odd years later the pieces of the puzzle are fleshing out a horrible picture of the future. The elites have for some reason or another lost their legendary patience…Why?
Look for a serious “worldwide” event coming to a city near you in 2009-2010. Something must happen or “they” will loose power because of the global awakening taking place.
January 13th, 2009 at 1:37 pm
heres the real question…. how can WE make gold worthless ?
January 13th, 2009 at 4:50 pm
This is a so great peice of work,
And did the powers to be in germany know something, I thing so,
We send billions to Isreal, for what?? So they can have a free hand in the middle east!
January 13th, 2009 at 4:57 pm
Whew that was a long one. People get a grip will ya The average Americano doesnt give a flying shit about gold just so long a sthey can go into WAL-MART and buy what they want. The last time i checked Wally-Mart still takes paper money.Gold is in a league were 99% of you people arent. So dont worry the dollar still works!
January 13th, 2009 at 6:28 pm
#17 just stating the facts for hasbara trolls like yourself. historically accurate quotes and info stand on their own, no one needs embellish.
Btw- your victim routine and antisemitic smear strategy is OVER. Couldnt give a shit if you and your sabbatean tribe try to manipulate me with that trash tactic. scream “victim denier” all you want. Big deal.
January 13th, 2009 at 6:44 pm
FUCKIN’ PRIX !!!
FCUK O”BAAAA”MA BIN LADEN & HIS ZIO-NEO-SCUM-BLOOD-SUCKERS !!!
* ALEX JONES …..4….. PRESIDENT *
* JASON BERMAS ..4….. VICE-PRESIDENT *
* ALAN WATT ……4…. SECRETARY-OF-STATE *
* PETER SCHIFF ….4….. TREASURY *
INFO-WARRIORS ………………………………………. IT’S REVOLUTION TIME
January 13th, 2009 at 8:39 pm
Great article. I’ve have been studying the topic of precious metals and monetary policy for over 2 years. I took my position in bullion and hear people complaining of their losses of > 40% for months now. I’m frankly tired of warning people and simply don’t care anymore. I’m quite content to wait and see people eating their dollars….they are RIGHT NOW with $14 trillion sitting in US Treasuries with negative return rates with respect to inflation. Precious metals are a bet against fiat currencies and govt actions. My bet is that they will continue to do what they are doing and as Obama has indicated. The financial derivatives death star cannot be saved and should soon go super nova which will be the time when the moneychangers say “Hey, let’s get a new financial system in place” and all the people will be so distraught and distressed by their loss of fortunes they’ll think its a great idea.
January 13th, 2009 at 8:57 pm
Alert to all not so elite nor illuminated ones: snuggle up to all of the pain, misery, lies, deception and all that you have stolen. The year 2012 does not bode well for you. We shall be waiting, all 144,000 of us. You know the place and reason for the get together so see ya there. Love to all others……….one of the remnant of Yahwey/Elohim. Tracked, harassed and empowered to expose your crafty ugly plans. Annie and till the day. Oh no, finding many new friends and sharing our ultimate weapon against you for which you can NOT touch us. Betcha hate that prayer. LOL
January 14th, 2009 at 2:11 pm
As much as I hate giving out tips that may be used against me, I feel that as my fellow Infowarriors, that if anyone deserves help, it’s y’all.
Yes. Gold is expensive, yet you can still buy a little here or there. I make just above minimum wage and have little disposable income left. So, once a month or so, I’ll buy a gram (or two) along with an ounce of silver (or silver coin). Keep on doing that and you’ll have a modest collection, which can’t hurt you.
But don’t put all faith into silver and gold (though I do like the Yukon song from “Rudolph”). Look to other baskets: ammo, weapons, food, property (a hard one to get, I know), and perhaps some solar power generators (also tricky). Don’t think of it as going full-blown survivalist. Even if nothing happens, food can still be eaten, ammo can still be used for target practice, property (to conduct target practice) is always a good thing, and solar power can always help reduce the electric bill or come in handy during a blackout.
February 22nd, 2009 at 8:22 pm
Its all true. The IMF is selling gold, whislt the bank corner the matket. This is happening NOW feb. 22 09, look at the gold charts for ALL currencies. They ALL display the same shape relative to gold. There’s so many plays esp. a grest planned straddle in the gold futures. But, of course the big banksters and their lackey Corps have it on lock down!
xxx0000 Reply:
February 22nd, 2009 at 8:25 pm
Just wanted to add Bretton Woods Was not ended in 71 it was actually ended in 1973