bowman711

Can Gold Be Suppressed Indefinitely?

Gold, silver, oil and any commodity, as well as the Euro & 'basket of curriencies,' by which the true value of the dollar can be compared is being is being manipulated to make the dollar appear to be in better shape than it is in reality.

Consider oil - the numbers for the most current period oil report:
--The percent utilization of operable refinery capacity - 78.21% - down 10.41%
--US crude oil stockpiles fell by 5.8 million barrels
--Gasoline stockpiles fell by 6.4 million barrels
--Distillate stockpiles fell by 1.25 million barrels
--Gasoline stockpiles down 3.7 million barrels
--ULS diesel stockpiles (<15 PPM Sulfur) fell by 1.1 million barrels
--Kerosene-type jet fuel down 2.3 million barrels
& Heating oil stockpiles down 15.7% from year ago

On top of that, there is a major hurricane heading for the Galveston area, one of the most important oil centers in the United States.

What is the price of crude doing today? As I write this, it is down $1.38 after earlier being down $2.48. What economic sense does that make? Oil related inventories are down, and a likely major disruption in incoming oil supplies is predicted from hurricane Ike . . . and you lower the price of oil so people use more of it?

The only rational explaination I can see is that oil, like gold, silver, etc. is being manipulated to make the dollar look stronger than it is. My hunch is that China and other large dollar (debt) holders have let Bernake & Company know that if the dollar continues to drop, they would cash theirs in for whatever they could get (in gold, oil, commodities, real property, etc.). That would destroy the dollar as the world currency.

No matter how Bernake & Company tries to make the dollar look like it has secure value, to use an expression in the news yesterday, 'You can put lipstick on a pig . . . but it will still be a pig.'

Witnessing the Biggest Transfer of Wealth in History

punk_ash, I'd suggest that you go to the goldmau.com commentary archives and read the three parts of 'The Goldsmiths.' If you still imagine that there is no concerted effort to take as much money from the people and concentrate it (and with it, power) into as few hands as possible, you remind me of the following:

Consider how dumb the average person is; then take note that half the people aren't even that smart!

If the 'Goldsmith' articles don't convince you, then maybe you should read :The Creature from Jekyll Island: A Second Look at the Federal Reserve' by G. Edward Griffin.