gunDriller
18th June 2010, 05:20 PM
Good article - I actually learned something !
Link to Article (http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=12786:fifty-years-of-suppressing-silver&catid=49:silver-commentary&Itemid=130)
"This fear can be most easily illustrated by simply looking at the example of Alan Greenspan. In 1966, Greenspan was a respected academic, who wrote a famous essay extolling the virtues of a gold standard, where he simply stated the evils of “fiat moneyâ€:
“In the absence of a gold standard there is no way to protect savings from confiscation through inflation.â€
I explained this concept of banker-stealing, in great detail, in a recent commentary – so any readers who are interested in a thorough discussion of this should refer to that piece. A quarter of a century later, after “Easy Al†had sold his soul to the bankers, and become Chairman of the Federal Reserve, he was asked directly what he would do if/when people lost confidence in their “fiat†U.S. dollars. His response to that question is even more famous:
“We stand ready to lease gold in ever-increasing amounts.â€
"What highlights the illegitimate (and ultimately illegal) nature of this scam is that the primary mechanism which the Chairman of the Federal Reserve would (and does) use to “restore confidence†to the world's “reserve currency†is to (illegally) manipulate the gold market. Put another way, because this is a scam, there is no way to directly “restore confidence†to paper currencies. Instead, all the bankers can try to do is to (temporarily) destroy confidence in gold – by suddenly dumping vast quantities onto the market, in order to cause the price to drop.
Manipulation of the gold market actually began (on a small scale) in the 1960's, while the U.S. (and the world) was still partially on a gold standard. The U.S. government was “cheating†with its accounting, to hide the obscene amounts of money it was borrowing (and squandering) in its doomed war-effort in Vietnam. Thus, this manipulation is a coordinated scheme by Western bankers which is now nearly 50 years old."
EDIT: Changed long link to named link to prevent horizontal scrolling. -Gaillo
Link to Article (http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=12786:fifty-years-of-suppressing-silver&catid=49:silver-commentary&Itemid=130)
"This fear can be most easily illustrated by simply looking at the example of Alan Greenspan. In 1966, Greenspan was a respected academic, who wrote a famous essay extolling the virtues of a gold standard, where he simply stated the evils of “fiat moneyâ€:
“In the absence of a gold standard there is no way to protect savings from confiscation through inflation.â€
I explained this concept of banker-stealing, in great detail, in a recent commentary – so any readers who are interested in a thorough discussion of this should refer to that piece. A quarter of a century later, after “Easy Al†had sold his soul to the bankers, and become Chairman of the Federal Reserve, he was asked directly what he would do if/when people lost confidence in their “fiat†U.S. dollars. His response to that question is even more famous:
“We stand ready to lease gold in ever-increasing amounts.â€
"What highlights the illegitimate (and ultimately illegal) nature of this scam is that the primary mechanism which the Chairman of the Federal Reserve would (and does) use to “restore confidence†to the world's “reserve currency†is to (illegally) manipulate the gold market. Put another way, because this is a scam, there is no way to directly “restore confidence†to paper currencies. Instead, all the bankers can try to do is to (temporarily) destroy confidence in gold – by suddenly dumping vast quantities onto the market, in order to cause the price to drop.
Manipulation of the gold market actually began (on a small scale) in the 1960's, while the U.S. (and the world) was still partially on a gold standard. The U.S. government was “cheating†with its accounting, to hide the obscene amounts of money it was borrowing (and squandering) in its doomed war-effort in Vietnam. Thus, this manipulation is a coordinated scheme by Western bankers which is now nearly 50 years old."
EDIT: Changed long link to named link to prevent horizontal scrolling. -Gaillo