Gold Rush - The Gold Conspiracy 1/3
stimulate economic growth. For the last few years money growth in the US has been over 10 percent, much higher than the growth of the economy (GDP). This does stimulate the economy, but the dollar also looses it’s value (inflation). New money (credit) is not given to economic participants but lend to them. By now the American consumer is deep into debt (mortgage) and the US government too (bonds). Total debt in the US is over 40 trillion dollars. Total debt is 330 percent of GDP, in 1929 …
Tags: bank, Banking, bubble, Conspiracy, Credit, crisis, currency, debt, deficit, depression, dollar, Fed, federal-reserve, gold, inflation, loan, mises, monetarism, Money, morgan, recession
January 10th, 2010 at 11:02 am
but the problem is that the u.s. government is also the largest employer in the nation. this is wrong. whenever you have a government with the most workers you have communism.
January 10th, 2010 at 11:02 am
The US Government is already the largest owner of Gold in the world.
January 10th, 2010 at 11:02 am
excellent feedback. The Fed is now the problem. but white house, congress, senate are also the problem. and the american people are the problem because we dont like to suffer pain. only pain can cure us now. we need to get off life support and bite the bullet and pay our bills and stop spending and stop borrowing.
January 10th, 2010 at 11:02 am
The US government cant start buying gold, it would be a sign to foreigners to not buy our treasuries. The Treasury and the Fed still value it at 42 since that is what it was when the US went off the gold standard. It all sounds silly and ludricious (and is) but it is another method by which the Fed can pump the system with inflation.
January 10th, 2010 at 11:02 am
why would India and Mauritius buy 400 and 200 tons of pure gold? why does not the USA also buy more gold? why does the u.s.a. still price gold at 42.00 per ounce?
January 10th, 2010 at 11:02 am
Well said. The world has to be ready for it first. We’ll see, I guess.
January 10th, 2010 at 11:02 am
The system is and always be the problem…why? Because that system is about greed and Legislation’s for litigated control, Wars and money for the few in power.
We need to return to a system of self reliance, responsibility, education NOT institutionalism and a social global respect for all mankind not for territories or countries…Everyone! NO Government, NO police, NO military, NO banks, NO religion. Only then will humanity & logic surpass greed & ignorance and true serenity will exist.
January 10th, 2010 at 11:02 am
The future of the world has to depend on scarcity. Resources are scarce and will never be infinite. Not everyone can gain all the resources they need by themselves, so they must trade. As long as people are trading they will need an intermediary, such as gold.
I hope people are becoming less greedy, but you also gotta bare in mind commerce is essential for a progressing human race.
January 10th, 2010 at 11:02 am
Its not sky high yet - Its made nominal highs, but inflation adjusted highs will be much greater.
January 10th, 2010 at 11:02 am
Ooohhh….
January 10th, 2010 at 11:02 am
When they say rarer what they mean is that there is less of it mined. There is more gold mined and owned than silver. Gold has traditionally always been more valuable so more effort has been put into mining it, so the gold reserves of the world are larger than silver reserves. There is, however, more silver than gold on earth if you count all the metal in the ground not yet mined.
January 10th, 2010 at 11:02 am
We could get into a debate about whether or not free-will can truly exist in materialistic determinism (i.e., nothing in the material universe happens without being merely the domino effect of prior causes and all apparent consciousness is just pareidolia {seeing faces in clouds}). I’m up for it, if you are, but it would just take up SO much comment space!
January 10th, 2010 at 11:02 am
To a degree, we are, I agree. And some would account for the discrepancy of people growing up in a good system, who turn bad, with genetics. I know this is a whole can of worms, and we could have a very long, civil (I can tell you’re a civil person) discussion on it. I think people are potentially either one, and are ultimately a product of their own choices. Psychology is the effort to study human consciousness without reference to the fact that man is conscious, though.
January 10th, 2010 at 11:02 am
Good point, but we never know.
However, I disagree with you that we are naturally like this. We are not naturally evil. We are products of our system. We just need a new system.
January 10th, 2010 at 11:02 am
Interesting. I figured the reason might be something along those lines.
January 10th, 2010 at 11:02 am
Yes, Silver is rarer than Gold b/c it’s used in the Industry as well. Years ago, the ratio was 1:10 (gold and silver respectfully), now according to Jason Hommel, Silver will probably be 1:5, meaning, if Gold hits $5k/oz, silver will be 1K/oz.. I have some Gold, but mostly Silver
January 10th, 2010 at 11:02 am
Rarer than gold? How is it rarer? I hope that doesn’t come across as sarcasm, because I really am curious what you mean.
January 10th, 2010 at 11:02 am
Pffft! Are you saying human nature is changing? I disagree completely. We never change. You are definitely right to point out the arbitrary nature of the value of gold. People aren’t as enchanted by “lookin’ at how shiny it is” anymore. We’ve got far shinier things. It does have some inherent usefulness in circuitry, but it’s not especially useful amongst the metals.
January 10th, 2010 at 11:02 am
It’s not being supressed now It’s sky high and rising so this is partially erroneous
January 10th, 2010 at 11:02 am
Gold is only money if people care about scarcity. I guess it’s good just in case, but the future of this world will not depened on scarcity. So all this running about buying this and that is pretty pointless, but good to cover your ass. People won’t care about this for much longer. Money, greed. It’s slowly leaving us, thankfully. The only question is once it’s gone, will we be free people, or will we not need it because were controlled by the banking elite?
January 10th, 2010 at 11:02 am
man you can tell by the prices they are quoting this is from several years ago
January 10th, 2010 at 11:02 am
i agree that silver has been much more of an industrial metal for the last century, but what about the next century. I was noting gold is also an industrial metal. With technology increasing, it will be more so in the future. I also agree silver is being suppressed, and maybe more than gold. Silver was also mined much more in the last century, while it was being used more.
January 10th, 2010 at 11:02 am
Well Gold is just a pure monetary metal, not industrial like Silver (so much is made out of silver). Re conductivity (motherboards, computers, TVs), silver is being used a lot, is it not? Silver is being consumed at a rapid pace and that helps limit it against Gold. Silver will outperform Gold at one point, and it’s just like the specialists say - Gold will preserve the value of the dollar, but Silver will make you rich.
YouTube Mike Maloney - really smart guy
January 10th, 2010 at 11:02 am
gold is used in industry as well right? just not as much. it will more as technology is allowed to increase, because i think its used the most in space stuff… and in high end technology for its super conductivity, as well as its ease of use. is it really more abundant than silver though?
January 10th, 2010 at 11:02 am
You ar right, Silver is a better buy and will out perform Gold as Silver is used in the Industry as well as it being rarer than Gold.
I am 98% in Silver