28 Mar 2012
Farage - Western World Collaborated in Giant Ponzi Scheme
ARE THERE ANY CURRENCIES BACKED BY GOLD?
Santiago, Chile.
Dumbfounded. That’s the only way to describe the reaction that future historians will have when they look back and study the utter perversion that is our global financial system.
We live in a time when a tiny handful of people have their fingers on a button that can conjure trillions of dollars, euro, yen, and renminbi out of thin air. In the United States, it comes down to one man. Just one.
With a single decision, he controls the lever that dominates the entire economy. When you control the money, you control everything– financial markets, consumer prices, risk perceptions, investment habits, savings rates, hiring decisions, pay raises, sovereign debt, housing starts, etc. One man.
This irrational, arrogant system presupposes by design that a central banker is smarter than everyone else; that markets are incapable of determining appropriate risk and value; that he is more effective at allocating our time, capital, and labor than we are.
Future historians will probably also be dumbfounded when they see how long people allowed worthless, unbacked fiat paper to pass as money. It’s extraordinary that most people today happily accept a digital abstraction of paper currency controlled by a single individual as ‘valuable’.
Gold is Manipulated (But That's Okay) Chris Martenson
The price of gold has always been an object of interest for governments and central bankers. The reason is simple enough to understand: Gold is an objective measure of the degree to which fiat money is being managed well or managed poorly.
As such, whenever paper money is being governed poorly, the price of gold becomes an important barometer. And this is why the actual price of gold is a strong candidate to be 'managed.' Or 'influenced'. Or 'manipulated'. Whichever word you prefer, they all convey the same intent.
Some who are reading this are likely having an eye-rolling moment because they hold a belief that there is no conspiracy to manage the price of gold.
This is an interesting belief to hold because it runs heavily against the odds. It's similar to holding the belief that the house in Vegas does not have a statistical advantage.
'Annan's plan needs to be instituted in US' - Afshin Rattansi
Muppets Hunting Muppets and No smoking guns for Wall St. crooks - Max Keiser with Charles Goyette
Sen. Rand Paul Invokes The Constitution In Iran Sanctions Debate
Senator blocks sanctions bill saying it could be used as a means to go to war - Steve Watson: Rand Paul has effectively single handedly blocked a bi-partisan bill to place yet more crippling economic sanctions on Iran, by demanding an amendment to prevent the White House using the legislation as an authorization to attack the country.