Founding fathers knew the corrupting nature of fiat money, during the revolutionary war with script aint worth a continental and government inability to pander votes through printing, and thus, prescribed a constitution setting forth weight and measures in real money. The constitution, founding principles, and US money have been bastardized by the totalitarian socialistic fascist politicians of the two pandering political machines as enabled by the judicial fiat of the Supreme Court.
Real Money versus Fiat CurrencyFiat money, one of the totalitarian enslaving tools, means debt based medium of exchange, having inherent worth based upon threat of tax evasion imprisonment, printable at ill will to fund pandering socialism, leading to eventual collapse, as have all 600 fiat currency used during the ascent of man.
Real Money, A Pillar of Freedom
Real money, one of the five pillars of freedom, means the monetary metals, gold and silver, having intrinsic value, unprintable and a restraint on government spending leading to fiscal discipline.
Its a lie, the FRN is not a Dollar
So my 9 yo comes into the war room, with brother 7yo and friend 9yo. My boy asks if he can take a real gold coin to school and share, you know in front of the class. I go, ok, but only if you also take $50 bill with you and go: This is a real gold coin, it has 50 dollars printed on it. This is a $50 bill, it also has 50 dollars printed on it. Both are made by the government. They are not the same thing. One is a lie by our government. Which one is it? The paper $50 bill is a lie because our constitution says gold and silver are money. That aught to p.is.s off his labor-union California-bankrupting screeching teacher big time. Its just my way of getting even, as she sends the boys home with home work requiring parental participation, like projects and stuff, like reading, writing and math, aint enough. REVENGE, I say, REVENGE!
Everyone interested in more freedom, particularly from the FED BANKS' printing presses, PULL THE TRIGGER NOW!!! PULL THE TRIGGER NOW!! RIGHT NOW, Today, Picked up another 50,000 American Silver Eagles, Load the boat, ONLY THE PHYSICAL STUFF, in your strong-hands, without any delusional counter-party risk, and have freedom from the collapse of fiat paper money. DO IT NOW!!! AND HOLD TIGHT, and dont let JPManipulator sucker you out of your position with their ongoing crimes the CFTC will do nothing about.
As the dollar has no intrinsic value, and has inherent value only under threat of imprisonment for not paying taxes in FRNs (Federal Reserves Notes, ie US dollars), creating a base demand for FRNs, that are being manipulated and tanked through QE, debt monetization, and global competitive fiat paper devaluations, and being used to enslave us all as tax mules or dependents, I place NO VALUE in FRNs, and despise their use, believing instead in the 5000 year valuation of gold/silver withstanding the test of time. I value wealth in the number of gold ounces and value money in hand in terms of the number of Silver ounces possessed, and in a bull run in Precious Metals (PMs) vis a vis paper money, as now, you should hold silver generally, and will move into gold playing the Gold:Siver Ratio. Over the last 4 days, my precious metal dollar value has tanked 20%, and most would get real concerned about that. Not me. I know where this bull is headed, as well as the FRN. By moving my metal in hand, MY REAL MONEY, from silver to gold, on Saturday last, and valuing silver as THE ULTIMATE STREET CURRENCY, money to me is measured in the number of silver ounces possessed. On the current trade, if reserved now, you would realize a 30% increase in silver weight. As silver outperforms gold on both the upside and the downside, as silver is a much smaller market than gold, you should be in silver on the way up and gold on the way down, in dollar terms, to increase the REAL MONEY, you have in hand. That is, my Saturday last call for a move from silver to gold, was in fact, a short of silver play. Hence, even though my metal portfolio has experienced a 20% lost in paper dollar terms, you should be over joyed, because, in the last 5 days, you have had a 30% gain in my equivalent REAL MONEY IN HAND, that is silver weight, of REAL SILVER METAL.
With global fiat monetary complex imploding before our eyes, due to competitive currency devaluations across the globe, to maintain export market share, all should be buying a little bit of silver and gold each month. Just keep buying, hold tight with strong hands, the real physical metal in your possession, and dont get shaken out, and sell into paper currencies, as that is a loser trade in a bull run, and the bull run in gold Au and silver Ag, has a long way to run, with targets to 8000$ gold and 800$ silver over the next few years. Since 1913, and the creation of the US Federal Reserve Bank, the dollar has lost 97% of its purchasing power,
because they cant help themselves, and stop the printing presses to throw money at every little problem for political power.
I would normally agree with that what goes up, must come down, but not in the case of fiat paper money, every one of which has in fact, eventually, gone to zero, the dollar will be no exception. Its not gold going up, an oz of gold has not changed in 16B years. Its the dollar that is continuously going down. One should have metal in your possession, and dont get shaken out, and sell into paper currencies, as that is a loser trade in a bull run, and the bull run in gold Au and silver Ag, has a long way to run, with targets to 8000$ gold and 800$ silver over the next few years.
Return to Real Money
I was watching the tube, Foxnews of course, and heard that the bottom 50% of Americans pay 2.5% in taxes and that the top 10% pay 70% in taxes. I thought that wild, and it indicating that the 50%-90% crowd pay the other 27.5%. Talk about socialistic income redistribution. Sure, some progressive taxes are good, but extremes can be damaging. It seems to me, I spend half of the free thinking time, just thinking of ways to defeat the IRS, and that is a shame. But thinking further, I reached profound conclusions. With 50% of the people paying nothing, and mostly living in godless dependency, as taught them by the leftists, with both political parties pandering for votes, we have reached a point of no return. Gov-care and financial bailouts are the modern watch words. There is no turning back to real gold and silver money until a FIAT money collapse occurs, and it is just a matter of time before the exponentiating gov-care and bail outs completely destroys the global fiat complex, lead by the FRN's pending demise.
With 50% paying nothing and with the leftists gov-care mantra, "I will solve your problems and made sure the government takes care of you", the left is promoting more and more expectations, and over time, teaches the bottom half that socialism as acceptable, while the right bails out the banksters in yet another form of socialism. WHAT ABOUT ME, the people ask, I want more from the government, while the bankster cry for bail out money. Then I reflect upon the rightists, with their, "compassionate conservatism", and thought, that with 50% being so conditioned on the left, the right power bosses are leaning that way, as well. So, the Clinton-Bush administration enabled low cost home loans, because, it helps the poor obtain property, yet, when we look back, it was that "compassion", that socialism, that lead to the subprime debacle, then the credit crisis, then the financial crisis, and now, the mother of all bailouts in Fanny and Freddie, lead by the socializing right. The left and right have merged into socialistic practices.
As I lately wrote to Bush, you cared to much. With the subprime evictions in view of social agenda, sucking the life blood out of America, the American Dream aint to rosy these days. But with the leaning left of the American political complex, both the democrats and republicans, more and more bad things are happening. Most Americans now don't pay any share for that "compassion", or the socialism, and look to government to solve their problems and take care of them. And look at the financial mess we are in this day. As I had written earlier, Godless socialism has proven a failed policy over all of mankind's history, yet, it is now being repeated yet again. Godliness, now swooning in America, provided the best safety nets, but now, thanks to the left's teachings and the right following, it's now the government job to provide all. And to enable the LBJ's great society, or current democratic gov-care, or the rightist bail outs, we have a fiat regime which when couple with necessary defense spending, renders our money worthless, creating a downward spiral of increasing governmental expenditures and bail outs, in yet another extreme form of government socialism. But what is the long term outcome?
Societies live with negative feedback. Wrong choices are ultimately proven wrong and all that gov-care and bail outs will come back to bite you in the tail, through uncontrolled expenditure with a concurrent demoralization of society. So, there must be light at end of the downward cycle of the corruption of society in reliance upon others and debasement of fiat money, rather based upon Godliness in self-reliance with the use of real gold and silver money. It seems that the government is trapped and can not escape the coming collapse of the global fiat complex, lead in large measure by the FRN and the leftist mantra and Rightist banksters. When that collapse occurs, starting in earnest in the 2010-11 time period, economic recession/depression will occur, with responsive drastic actions. Initially, gold mines and farms may be seized so as to feed the people as well as stock real money in currency. As gold will not be able to be depreciated in value like Fiat, the government will be forced to live within its means, and that means that this bottom 50% will have to get a job or starve, and will they be angry, in view of decades of leftist promises of gov-care, while the bankster lose their wealth from holding onto fiat denominated assets. As they are forced to work or do without, or take their financial losses, that will foster self-reliance, godliness, and a return to real money usage, and, hence the pendulum will swing back to the center of traditional America, but with abolished fiat moneys, bail outs, and hand outs, a good thing, to keep all honest.
So sure, things really look bad just now, but I'm a traditional American, an eternal optimist, and believe, that there will be a glorious rebirth, when the FED, IRS, and FIAT are abolished and the people return to those roots which made the USA strong, in godly self-reliance using real money. Both political parties in the US are pandering votes and exhibiting extreme socialistic programs from gov-care to bail outs. Consequently, the enabling fiat regime will collapse as the world returns to the exclusive use of real gold and silver money as sole medium of exchange, as we are reaching the point of no return for the fiat complex. The effects of the corrupting fiat money regime and the socialistic mantra, as practiced both left and right, in view of the practice of pandering votes by politicians, have reach the point of immanent return to real gold and silver money.
Monetary inflation is real. Asset deflation, such a housing, is real. My house has deflated 30% in two years, here in beautiful Laguna Beach California, a prior hot bed of housing speculation. Gold and Silver is real money, a unique animal there between, being both a hard asset and money. So, presently, the US has generalized asset deflation (housing) in an increasingly fiat inflationary economy. WHAT?? An inflationary-deflationary economy, is there really such an animal over the long run?
It seems that the bad-mouthing of the housing market would be short lived, ala Black-Hawk "helicopter" Bernakie being Loaded- For-Bear. The term Black-Hawk is a suitable term, as Bernakie is surely a dollar hawk in word, and a Black-Hawk in deed, as a false strong dollar proponent, in reality. However, there is a strong possibility that Bernakie will save the US from recession, and will reverse housing deflation, while inflating the fiat beyond all expectations, which inflation will surely accelerate, while bullion and commodities in general continue to soar, beyond all expectations, and the fiat currency regime implodes in eventual hyperinflation.
Of course, any good remark about the FEDs is not well received in the Cafe, but, you known, Bernakie is acting, he is on it, and really showing his true colors, the black flag, for example, with a panic FED rate cut, as he will surely inflate the fiat dollar to stabilize housing as much as needed, which is exactly what is desired by most real money believers, to ultimately, in 25 years hence, totally destroy all fiat globally, as the world returns to gold and silver as the sole medium of international exchange to encourage free and fair global trade. There are some real money believers who are actually rooting for Bernakie to inflate the dollar and the US out of the housing down turn, as a necessary incremental step toward the destruction of all fiat globally, and to finally end the unsound market manipulation of bullion relative to the fiat dollar.
As such, with Bernakie at the FED helm, housing should come back, recession should be avoided, of course, at the expense of the fiat dollar and dollar savings, if there is any around. Like an addict champing at the bit, bring it on Bernakie, and kill kill kill the fiat dollar, and thereby, save housing, avoid recession, and tank that valueless paper money, the scourge of all free markets, enroute to real money economies. As such, stagflation should prevail, but with a huge pending inflationary implosion, and with gold and silver bullion being the star over-all performer.
The price of gold is not directly related to the over-all health of the economy, but rather, gold is directly related to that medium, the fiat, in which bullion is based. Surely, the rotation from the DOW to bullion in the current multi-decade supercycle shift will accelerate as bullion reaches new high after high, as some Dow dollars shift to bullion, and in that way, gold indirectly relates to the over-all health of the economy, but not directly, as investors merely search for the best returns of the day. The DOW could well soar to record high after high in this inflationary period, but with bullion out-performing in continuance of the supercycle based in large measure on supply and demand dynamics especially with the gold CARTEL running out of central bank gold to continue the gold suppression.
Most see a housing collapse, a Dow tank, run away inflation, and soaring bullion, yet, is not inflation with deflating assets, inherently conflicted? The US may not face the doom the gloom of economic devastation, as the jury is still out, but one thing must ultimately occur, a reset of the gold price much higher.
Steve Forbes on the Band Wagon
Steve Forbes is the latest to jump on the gold standard bandwagon. Sure, a bullion hoard can wipe out the federal debt over night. Problem there ole Steve flunkster, is that you first have to break the wall street lock on DC, as there is no way they will go peaceably, having got the Americans enslaved with 16T$.
Stevie Stevie Stevie, look, you have to dump the flat tax cheat around tax schemes, and go for the libertarian Green vote, national consumption sales tax, state property tax, and no mas, and chit-can all fed social programs .... Wont listen to me, nothing new there. Oh, did not Tiwanese make off with mainland gold, exit stage WWII, and china was, like, really pisst, and now the US lets china buy gold in on the slide and on the cheap, up to 2000 tons, and counting, so that carriers have to go to the Japan Sea, them Japanese are not to smart, damn it, I told em 5 years ago to pony up 300 tons to Russia for the pacific isles, and get them back first, before taking on the Chinese, with GOLD IN HAND. But did they listen? hell no, now we have to split the carrier groups, and damn it, we need at least 7 carrier groups in the Straights of Hurmoz, to take out them black hooded babes in row boats, brandishing pistols, screechin death to America, which is a damn intimidating sight for any nuclear powered/armed carrier battle group. I wish they would get their act together, this two front confrontation just aint going to cut it, in Tel Aviv. So Steve, are you a drum major, as well?
To form a more CORRUPT UNION
The Banksters, in order to form a more corrupt union with the DC politboro, poo poo gold for 25 years, calling it a barbaric relic, and form a GOLD CARTEL, to suppress the price of gold, illegally of course, through CB gold bank sells, and bullion bank manipulations, in order to preserve the CON GAME, that is the fiat dollar. The con game is giving up the ghost, and banksters are back peddling, buying gold.
THE UNFORTUNATE CONSEQUENCE OF THIS, is a generational loss of knowledge of the real value of honest money, how it keep government honest and fiscally sound. Kids today by and large have no understanding of the noble metal of kings.
They have trouble relating because of the propaganda and misinformation fed to them by governments, to sustain the Bankster-Politico enslavement of the masses, through the use of fiat paper money, and use nice sounding phrases like "fairnest" to pander the folks into giving up their freedoms in TAKE-AND-GIVE of their GODs of DC and the FED BANK.
But like Las Vegas, they will go back to the use of the silver dollar, THE HARD WAY. Last week, wife bought Trader Joe's Multi-grain crackers for 0.99$. This week, its 1.29$ Are you seeing it, or believing the gov disinformation on inflation, employment, mfg, etc, to keep peeps calmed down, as part of routine financial psycho-manipulation of the folks??
So here is the bottom line. Politicians seek ever more control over the people, banked rolled by the banks, in a fascist totalitarian conspiracy to enslave the masses as tax mules or dependents. The US DC elitists trashed our constitution long ago, with paper fiat money and centralized plenary power that is modernly effectively, UNLIMITED federal government power. The EU will now get its just deserts. The Fourth Reich, lead by Ironmaden Merkel, has now placed NON-ELECTED magistrates in power in Greece in Italy, democracy slowly going down, in the EU, as the EU will now seek to control the spending of its members, in furtherance of totalitarian socialistic fascist control over the people.
Lets face it, WE THE PEOPLE, are screwed, but keep your eye on the ball, the POG, which is a barometer of financial health. My views have been right-on 11 years in a row. This global suppression of democratic rights, and resulting killing of the people, IS FUN for politicians, exercising their fascist POWERS OVER THE PEOPLE.
Gold is in parabolic rise, which must necessarily flow from demise of fiat paper money. You see, gold is traded as a commodity, but in reality, it is NOT A COMMODITY, because it is never used up. 99% of all gold ever mined is above ground. It is money, pure and simple, with no counter-party risk, the ultimate store of wealth and debt extingisher. It rises in times of uncertainty, not sound fiscal policies. The real fire works are still years off, when gold hits 4K$ 12K$ 34K$/oz, and the paper currency implodes, because politicians cant help themselves to throw money at all problems, kick the can, and increasingly enslave the people to centralized totalitarian socialistic fascist control over the people, increasing so. So, please do tell us all why Central Banks around the world have turned from net sellers to net buyer of bullion, if all the fiat currency is SO SO SO sound. Get a freakin clue my friend. Im here to teach.
Its not a matter of IF, but when, and so they can only kick the can, down the road,as none will allow an implosion on their watch. BUT, no matter how hard they try, they can not solve a debt-insolvency problem, with MORE DEBT, nor will they allow the necessary deflation to take hold, to deleverage the financials, which is necessary, and the resulting global depression,
and hence, their ONLY solution is to debase the currency, with resulting inflation, of course, to reduce the real value of debt, but there is the rub, in so doing, currencies eventually collapse into hyperinflation, (loss of confidence), and the resulting global depression. THEY ARE TRAPPED, and they know it, and that is why the Central Banks are buying gold.
Our founding fathers knew the evils of the combination of printable money and political usurpation of sovereign rights, and set forth a constitution based upon a limited federal government and real money hard silver coinage. But, the politicians threw that out, because of their power trip over the people, and the courts let them get away with it. Now look at the mess.
30 US states are hopelessly insolvent. US muni bond market will take a huge hit in the out years. 12 US states have real money bills pending in state capitals, to regain sovereign freedom from USSA DC's printing presses. THE REBELLION HAS BEGUN, to strike at the heart of the evil empire, the USSA, and recapture our constitution rights and freedoms from DC tyranny. Ask yourself one simple question. Why are the CBs buying gold. BECAUSE THEY THEMSELVES HAVE IN FACT BY THEIR CONDUCT, LOST CONFIDENCE IN THE GLOBAL FIAT PAPER MONEY COMPLEX. The republic is dead. Federalism of the republic is a thing of past. The US FLAG IS A FRAUD, there are no 50 sovereign states, they are all controlled by DC. Arizona cant even defend itself from the invading hoards. 50 stars should be replaced with one soviet red star. Call it like it is, not what they want you to believe. Today we live in the UNITED SOCIALISTIC STATES OF AMERICA which has become AN EVIL EMPIRE, destroying the hearts and minds and dignity of the people.
The Politboro is the modern DC elitists taking our freedom from us, with concentrated centralized power. The Gulags are California's many concentration camps. The KGB are IRS THUGS. World Domination is through the fiat US dollar, the world reserve currency. Marist/Leninist Economy is the US take and give, inflate and rob, tax and spend, incentivize and control, socialize and corrupt, VOTE EM OUT, OR TAKE EM OUT! 100 million americans on some kind of federal assistance. 45 million Americans on food stamps.
Real Silver Metal
As the dollar has no intrinsic value, and has inherent value only under threat of imprisonment for not paying taxes in FRNs (Federal Reserves Notes, ie US dollars), creating a base demand for FRNs, that are being manipulated and tanked through QE, debt monetization, and global competitive fiat paper devaluations, and being used to enslave us all as tax mules or dependents, I place NO VALUE in FRNs, and despise their use, believing instead in the 5000 year valuation of gold/silver withstanding the test of time. I value wealth in the number of gold ounces and value money in hand in terms of the number of Silver ounces possessed, and in a bull run in Precious Metals (PMs) vis a vis paper money, as now, you should hold silver generally, and will move into gold playing the Gold:Silver Ratio. Over the last 4 days, my precious metal dollar value has tanked 20%, and most would get real concerned about that. Not me. I know where this bull is headed, as well as the FRN. By moving my metal in hand, MY REAL MONEY, from silver to gold, on Saturday last, and valuing silver as THE ULTIMATE STREET CURRENCY, money to me is measured in the number of silver ounces possessed. On the current trade, if reserved now, you would realize a 30% increase in silver weight. As silver outperforms gold on both the upside and the downside, as silver is a much smaller market than gold, you should be in silver on the way up and gold on the way down, in dollar terms, to increase the REAL MONEY, you have in hand. That is, my Saturday last call for a move from silver to gold, was in fact, a short of silver play. Hence, even though my metal portfolio has experienced a 20% lost in paper dollar terms, you should be over joyed, because, in the last 5 days, you have had a 30% gain in my equivalent REAL MONEY IN HAND, that is silver weight, of REAL SILVER METAL.
War on Gold and Silver
Excellent Read explaining why the FED is a criminal organization manipulating bullion prices, to allow the US government to steal from us all, day in and day out, through deficit spending and the resulting inflation. It provides all a clear rationale why JPManipulator is one of the FED's bullion hit men, and why the CFTC gives JPManipulator et.al. and the COMEX a pass, to commit manipulation crimes, notoriously, using concentrated future positions to manipulate the bullion markets on the COMEX, they, collectively being a RICO crime organization, embedded in the US government, to suck wealth from the middle class, into the hands of the wall street banksters. Why Central Banks of the West Hate Gold?
Dear CIGAs, (Comrades in Golden Arms)
I wanted to post some brief comments to let some of the newer readers understand why many of us believe that there is a war being waged upon gold by the Central Banks of the West. Let me start this off by quoting from none other than former Fed Chairman Alan Greenspan more than 40 years ago: In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare 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. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard". What the former Fed Chairman was then saying was that absent a gold standard or some device for restraining the unlimited creation of fiat money, there was nothing to impede monetary officials from engaging in such activity to the extent that it would ultimately set in motion a process of inflation, which is really just another name for the erosion of the purchasing power of a nation’s currency by debasing it. Inflation was and is in essence, the transfer of wealth from one class to another.
Today we have the Fed engaging in the very process that Greenspan warned against back then. We also have the BOJ and the ECB effectively doing the same thing to an extent. Unlike Silver, Gold is the main metal that most analysts and commentators look to when attempting to decipher whether or not inflation is a serious problem. That means the reference point of gold has become a target for Central Banks which want the world to believe that they can create unlimited amounts of funny money with absolutely ZERO impact on inflation levels. In other words, that they can conjure up wealth and produce prosperity with the electronic equivalent of a printing press and produce no serious inflationary impact by so doing. A rising gold debunks their hubristic assertions to the contrary for it stands as a silent witness testifying against them. This is the reason the yellow metal is despised by so many Central Banks. It mocks their policies and displays their folly for all the world to see. Central Bankers, being the demigods that they are, will tolerate no rivals to their claims of economic omniscience. You see they have actually come to believe that it is their own wisdom and foresight which enables them to see through the fog that hinders and impedes our economic progress and that they are in a unique position to provide the rest of us with lasting prosperity. They attempt to do this by basically providing or withdrawing liquidity as they in their wisdom judge best and by the setting or manipulation of interest rates.
Those of us who believe that it is free market capitalism and the industry and efforts of mankind that produce wealth and prosperity would beg to differ but that is another story altogether. I would add that it is my opinion that the world would be better off without this plague of locusts that actually devour a nation’s wealth but the fact is that they are here.
While they are here gold will attempt to move in such a manner that it either blesses or curses their policies. Now we all would love to have our policies approved by the vote of the market but what about those times in which the market frowns on our course of action and refuses to smile upon it? Why this is but a simple matter – attack the messenger! If one can somehow manage to keep the price of gold under wrap so that it does not move sharply higher then one can attempt to make the claim that inflation is not a serious problem. The comments usually go something like this:
"Well Jerry, we are looking at the gold price and from what we can see, that while it is definitely higher, it is not soaring out of control. The market may be pricing in some gradual inflation but the action in the gold price is telling us that any fears of inflation getting out of control are definitely unwarranted. Besides, we all agree that some inflation is a good thing because the alternative is deflation and no one wants to see that".
Imagine Fed Chairman Ben Bernanke testifying before Congress saying that the current rise in prices of many goods is only "temporary" and "relatively modest" if the gold price were soaring beyond $1650 and higher! Do you think anyone would take anything that the Chairman said seriously? Copper can soar higher and most will not notice it. Even if it does, it is generally explained as a positive because we are told it is a sign of strong economic growth ahead. Crude oil and energy prices can rocket higher and that can be attributed to geopolitical unrest among oil producing nations. Food can rise sharply and everyone notices that but such things are often explained away by citing weather conditions, supply constraints, etc. but a rising gold price? How does one explain that away?
The only reason that gold has a sustained price rise is because of a lack of confidence in the monetary system. It does not rise sharply because of such things as jewelry demand or industrial demand – it rises when fear, distrust, doubt, suspicion and uncertainty over Central Bank policy reigns. It rises when REAL interest rates are negative and investors understand the insidious process of currency debauchment practiced by these monetary authorities is underway. It thus cries aloud and issues a warning to those who can hear it and what it shouts displeases many Central Bankers because they are among those who while they despise its message, are all too keenly able to hear that message.
Thus the messenger, the prophet, the oracle, must be silenced or at the very least, his message blunted, toned down, marginalized, trivialized by whatever means possible. The mechanism employed to do just this is a subject for another time and place. Suffice it to say for now, without the efforts by the monetary officials of the West to discredit gold, it would be trading considerably higher. Even at that however, the ancient metal of kings refuses to go quietly and docilely into the night. It will yet have the final say.
BHO cements Socialism by one simple act
The key to busting USSA's socialism is in the bullion markets, as BHO knows very well. Real change can occur by one simple act. Real change that is, back to our constitutional roots of FREEDOM from government socialism. By eliminating capital gains taxes on bullion, the fiat paper money system is doomed, if not already baked into the cake by excessive spending and taxing. The CFTC RICO crime organization, CFTC, NY-COMEX and JPManipulator bullion hit men, manipulating the bullion markets to prop up the fiat paper dollar, is not enough for the socialistic thugs, now they are going for the throat of our freedoms, by taxing bullion, that is, US Minted coins. Think about that, the government taxes constitutional money. GET A CLUE FOLKS. Bullion is the key to freedom from government. BHO wants to enslave us all. Bullion is the Key, and The BHO administration knows this very well.
In order to sustain their immoral corrupting socialism, the BHO administration proposes new taxes on gold and silver. They know what up. If the US return to constitutional money, the socialist wont be able to print print print and tax tax tax, to enslave us all into their immoral socialism as either IRS mules or dependents. The proposed new tax on bullion, gold and silver, IS THE DEATH KNELL, to what freedoms are left in the US. The constitution protects our freedoms. It prescribes gold and silver as the only lawful money. The power to tax is the power to destroy. By taxing gold and silver coinage, the IMMORAL CORRUPTING SOCIALISTS intentionally destroy our constitutional money, that is, our constitutional rights to be free from the FED PRINTING PRESSES that are used to enslave us all as either IRS mules or Dependents, trapped in their web of pandering decadent socialistic imprisonment.
Real Money, Fiat Currency and the Federal ReserveReal money is the monetary metals, gold and silver coinage, having intrinsic value, no counter party risk, is fungible, is divisible, is permanent, and is perfect money, the essence of value, of honorable worth through the ascent of man, is one of the pillars of freedom free from the central bank printing presses.
Fiat currency is a debt-base irredeemable ponzi coupon, having no intrinsic worth, is not permanent, can be inflated away by central bankers, always eventually fail with a average of 40 years, is a con game based on confidence, is the fuel to corrupting concentration of totalitarian socialistic fascist political power, aint worth a Continental, and leads to moral hazards and government enslavement.
The Federal Reserve System is a corruption conduit from Wall Street Banksters and Greedsters to undue influence upon and control over government functions, implement policies to transfer wealth from the poor and middle classes to the top %1 for concentrating wealth in a few, enables deficit spending by politicians for pandering votes and cementing political power, and a means of enslaving 99% of Americans as tax mules and state dependents.