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  • The International Gold Rush: Bulls May Soon Be Rewarded [View article]
    You can blame gold's being sold down by paper trading of the Central banks who least want us to understand just how bad a shape the worldwide fiat currencies are.

    Dig: In 1932 $1 = 1/20th oz gold

    Today $1 = 1/1000th oz gold

    A 20:1 ratio has become a 50:1 ratio, ergo a $1 buys 1/50th of what it could in 1932.

    1/50th = 0.02 = $0.02 cents/$1 of buying power today.

    Do you think the FED will keep printing as do most of the saavy, or will it call in dollars from all over the world to raise the $1's purchasing power?

    History proves the ratchet is always the former, IE the FED has stolen 98% of the people's wealth via inflation thus far.

    Only saps can think it will change it's shylock thieving ways.

    The Ben & Hank show is just in it's beginning scenes.

    Per the Maestro himself:

    Alan Greenspan - “Gold and Economic Freedom” 1967

    "An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. . . . This is the shabby secret of the welfare/(warfare) statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights."

    The PEOPLE'S property that is.
    Jul 31 16:18 pm |Rating: 0 0 |Link to Comment
  • The International Gold Rush: Bulls May Soon Be Rewarded [View article]
    Just watch Edward Griffin's video on youtube;

    "The Creature From Jekyll Island; Revisiting the Federal Reserve"

    Then if that snks in go to mises.org for even more in depth history and economics from the Austrains that foretold the fiat enabled rise of the Euro-statists our progressive era policies & Fed were modled after!

    What a country of sheeple being merrily led to their own slaughter.

    Thing is I was baaaaaing not too long ago myself, before getting myself the education govt purposely denied me and all Americans.
    Jul 31 15:34 pm |Rating: 0 0 |Link to Comment
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