yank

Scary Drop in Velocity of Money: Is Deflation Knocking?

The answer to your question about why gold isn't trading at $3,000 is quite simple. It has been continuously "capped" through gold leasing programs, swaps, and other subtrefuge by our fearless leaders at the Fed. There is a rumor (unsubstantiated of course) that if you went to visit the vaults at Ft. Knox and opened the door, you would find absolutely ZERO gold bars. It has all been leased/sold endlessly for the past 20 years to "suppress" gold prices. A few months ago the "criminals" that run the COMEX metals exchange were literally within hours of defaulting on a huge gold options contract. Panicked calls were made to Central Banks and money center banks everywhere to find the gold to "cover" the trade. Deustche Bank finally came up with the 800k oz. of gold needed just barely in the nick of time. These bankers are the worst type of whore and charlatan you have ever seen.


On Sep 04 12:00 AM C.S. Jefferson wrote:

> Deflationary pressure isn't knocking, it's here! It's been steadily
> eroding liquidity in the markets by not allowing the ol' Ponzi scheme
> of floating outrageous debt to equity ratios based on paper assets!
>
>
>
> All those that cry inflation are premature as to assessing the true
> risk in the markets.
>
> I believe Bernanke has a true understanding that the first priority
> is to protect against asset deflation when it comes to implementation
> of monetary policy.
>
> Want the proof? Why isn't gold trading at $3,000 per troy ounce--and
> why did it barely clip $1,000 in the height of the credit crisis/market
> crash during 2008?