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"Suppression of the gold price supports government-issued currencies, helps suppress all commodity prices, and thereby destroys markets everywhere, and expropriates the developing world. Gold price suppression thereby constitutes the primary mechanism of imperialism today, a mechanism more effective than armies, since it is surreptitious and not generally understood." |

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Capitalist Economic Crimes Murdering Workers Criminal Regulators BoA's Terrorism Fiat Money LIBOR falsification
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| "Gold already is so important that Western central banks--particularly the U.S. Treasury and its Exchange Stabilization Fund, the Federal Reserve, and allied central banks--rig the gold market every day, even hour by hour, to control and usually suppress gold's price. Why do Western central banks rig the gold market? It's because gold is a powerful competitive international currency that, if allowed to function in a free market, will determine the value of other currencies, the level of interest rates, and the value of government bonds. Gold's performance is usually the opposite of the performance of government currencies and bonds. So central banks fight gold to defend their currencies and bonds." |
When measured against gold, the U.S. dollar has lost 96 percent of its purchasing power since the Federal Reserve System (FRS) criminally seized power over the US economy in 1913. 1 The loss of purchasing power of the dollar results mainly from currency inflation, 2 which leads to debasement. On the left is a chart showing the immense rise in the amount of US currency printed by the FRS and the resulting plunge in the currency's purchasing power beginning in 1971.
The gold standard was the closest the world came to a universal money. Currencies were fixed to gold, and gold values were used to fix currencies to each other. During this period, there was very little currency fluctuation among the world's major currencies. Countries issuing paper currency were forced to make sure it was backed by sufficient gold reserves. As an illustration of the currency stability produced by the gold standard, between the US Dollar and the British Pound--with the exception of the civil war, when the United States went off the gold standard--there was no more than a 1% fluctuation in the relative value of the U.S. dollar to the British pound from 1839 to 1914. For 75 years, exchange rates had a degree of stability that often only lasts a few weeks in today's volatile currency fluctuations.
With no gold standard in place, national currencies could inflate to any degree desired by its political leaders. One of the worst examples of currency inflation in post-World War I occurred in Germany, with a loaf of bread costing a wheelbarrow full of German currency notes. This runaway inflation bankrupted many ordinary German citizens, creating volatile political and economic conditions which ultimately led to Hitler and Nazi dictatorship.These definitions will make clear what the cabal is doing with its naked short selling of gold future shares. "The Hows and Whys of Gold Price Manipulation" President John F. Kennedy |
Even if the cabal resorts to gold confiscation--as it did in 1933--you'll still be better off if you have your assets in gold coins. By itself, returning to a gold standard will not solve our problems. Only the building of cooperative commonwealth communities will ensure a society that provides for the welfare of all citizens.
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| "There will be epidemics of greed, hate and ignorance. We must fight them in life as we fought syphilis in the laboratory. We must fight, fight. We must never, never stop fighting." |
