E-GOLD 2
Empires are full of
hubristic self centered short sighted unrealistic citizens. Their outlook is shaped by too long of a
success and even in the obvious face of decline they deny to their deathbeds
the facts. To admit reality is to admit
defeat is to admit loss and a reduced standard.
To admit all that is to admit loss of station. Sadly, my fellow Americans, we are no longer
on top. We are already in decline and in
descent. The only thing to look forward
to is the abrupt stop at the bottom of the abyss. And the dead cat bounce at the bottom will be
hard to enjoy since the fall kind of busted up vital organs and other assorted
biologic infrastructure. You think we
are still in charge because the dollar has not collapsed ( if you think $3.50
gasoline and $100 oil is bad, just wait until the petrodollar is crushed-you ain’t
seen nothing yet ). You think ten
thousand troops stationed in Baghdad is holding Saudi Arabia in our orbit? That thirty thousand in Afghanistan is
holding the middle east and a stop to Iranian aspirations? The fact is, there are only two things
holding back the deluge. ICBM carried
thermonuclear weapons and one of the last ( I can’t say whether it is THE last
or not ) props to the dollar, the electronic gold derivative
manipulations. Before, China and others
bought our debt because US Treasuries which constituted that debt were chits
that bought oil. They weren’t buying our
debt for the interest payments or the fact they thought the US economy was the
safest in the world. They ONLY bought
debt to buy oil which they needed. But
as China and Russia and others start using other mechanisms to buy oil than
dollars, they need less of our debt ( the ICBM threat is the only thing keeping
them going slow rather than abrupt ).
So, to counter that, we started buying our own debt. Which, obviously, is a short term fix
only. The next leg used was, finally we
get to the point, manipulating the price of gold.
*
When you trade more gold
in electronic form in one day than was mined in all of history combined,
besides a demand for gold that is hot and heavy, there is one other obvious
lesson to be learned. That, DUH, the
e-market is massively manipulated. The
folks not only don’t try to hide this, they probably went out of their way to
make sure we understand it. Because they
WANT us to stay away from gold. They
WANT us to think that at any time the manipulated e-gold market will collapse
and if you get a penny on the dollar for your shares you will be lucky. The fact that this allows China and other
non-western central banks to buy up all the physical gold on the cheap is
irrelevant ( and actually helps our bankers by creating shortages ). The Chinese use their holding of Treasuries
to buy physical gold, not caring because they no longer need our debt to buy
oil. And our bankers don’t care. The foreigners buying our debt to prop up our
economy was over years ago and all the caterwauling about how in the future
China could dump their holdings of Treasuries to crush our economy is either
propaganda designed to stifle the Sheeples unease or ignorance based on
outdated education. The bankers are now
propping up the dollar not through the oil pricing mechanism monopoly, or
foreign debt purchases, but through gold e-market manipulation.
*
You KNOW that gold is
being held down artificially. Because of
the bankers manipulations of the derivatives.
If you buy gold-assuming you can find it because of the lack of physical
stock- you risk holding an asset that will depreciate further by that
manipulation. You don’t want to hold
gold. You need something far more
liquid. The Chinese can buy, hold and
wait. They have the Treasuries, they
have production and they have economic surpluses. You can’t hold, as you have none of these (
you, as in you personally and most other small scale actors to include small
economies or even rich individuals ). To
hold gold is to risk wealth in today’s economy.
You can’t wait for tomorrow’s economy.
So you hold Dollars. They suck,
but they don’t suck as much as a manipulated gold price. By having hundreds of derivatives ( if not
thousands ) for every one actual physical gold unit, the manipulators know that
their product is construed as being much riskier than any paper currency. So the Dollar is being propped up by gold
being kept down. While you would think
that a shortage of gold would shoot the price up, the actual unavailability
works in the bankers favor because there is now no way to use gold as a liquid
asset. Only the dollar works. For now, of course. This too, is a temporary fix. If you have gold, hold, no matter what. In real buying power, it should really be worth
something soon enough. Not less than a
months wages. More like two to six
months wages. Gold manipulation is just
a “kick the can down the road”.
END
Please support Bison by buying through the Amazon ad graphics at
the top of the page. You can purchase anything, not just the linked item. Enter
Amazon through my item link and then go to whatever other item you desire. As
long as you don’t leave Amazon until after the order is placed, I get credit
for your purchase. For those that can’t
get the ads because they are blocked by your software, just PayPal me
occasionally or buy me something from my Amazon Wish List once a year.
*
All My Contact Info, Books For Sale, Links:
Ok, so, I just have to ask, why would anyone (in their right mind) buy an electronic form of a physical investment. You know what, maybe I should read up on common economics. Thanks for the daily read.
ReplyDelete-Sumdude
Yuppie Scum, who are NOT in their right mind, think e-gold is a hedge against stocks or bonds or whatever not returning sufficient interest. All are manipulated by the banks, but it makes YS feel warm and squishy with unicorn dust falling out their ass.
DeleteAND the people spending the money on the paper think they don't have the space/security to store it on site. Basically people with more FRNs than sense.
DeleteThe advent of almost undetectable fake bullion also deserves a mention. It has been found in quite a few vaults. I am not worried about it because I get coins of lower value (copper, silver, nickel, etc) and because post collapse the fakes are hard enough to detect no one is going to bother.
Aren't the fakes mostly bars rather than coins?
DeleteMostly, and gold, not silver or copper.
DeleteThough a few rounds have been found.
Tungsten is cheaper than gold and is what is usually used, but since Tungsten is valuable in its own right I wouldn't turn it down as long as I knew what it was and it was clearly marked.
Yep. a months wages AND/OR several years property taxes on your junk land.
ReplyDeleteA years worth of taxes in silver/gold but sell it for lots of FRN because the assesor has to take them even during hyper inflation.
DeleteAnd post dollar they will probably take chickens and sexual favors.
DeleteBetter get my flock going.
I think you are spot-on about the gold market manipulation. But why the fuck would you say this(??): "You don't want to hold gold. You need something far more liquid".
ReplyDeleteAnd then, later in the same paragraph, say: "If you have gold, hold, no matter what. In real buying power, it should really be worth something soon enough". WTF??
Your first statement was the correct one. You TRULY DO need something "far more liquid", like a bubbling brook on some mid-western farmland that you could actually (in "for real" terms), live on come the Collapse.
You worry me sometimes with your thought process.
Gott-Damn Yankee Minion
YOU, as in the general public the banks are manipulating to accept the $. Then, you, individually, if you hold gold. Sorry I wasn't clear. I always double check but sometimes I do slip up.
DeleteJim,
ReplyDeleteCould you please fill me in, "..you think $3.50 gas and $100_______ is bad..."
I think you forgot a word, and I'd really like to know what that one word was supposed to be.. (I'm really anal)
Thanks RB
My bad, yo. "Oil", $100 barrel of oil.
DeleteDoh! Sorry I'm not too bright,
DeleteNo worries, I screwed up, you told me, I fixed the original so I didn't look as idiotic. I appreciate it.
DeleteP.S. You've got great hair. RB
ReplyDeleteJust so you all know The fine haired one isn't blowing smoke here is an excerpt from another site that admittedly has an ulterior motive but still is using facts to sell what it is selling:
ReplyDelete"The leverage in precious metals is even more extreme than our fractional reserve banking system. Testimony in federal hearings in 2010 confirmed only one ounce of real gold exists for every hundred ounces of paper offered for sale. The silver market operates in the same way.
If you sold imaginary metal, you would be prosecuted. The government exempts itself and its banker friends from our laws. "
Obviously this is from a seller of PMs - but I checked the facts and the facts stand federal testimony in 2010 said at BEST there was 1 oz physical gold for every 100 oz of derivative gold claims. I guess something was written into those claims that allows for a replacement of gold with FRN's or other value - but still... If you or I were to try that, we would be sued out of existence when caught, if not thrown in jail. (BTW the banks don't have enough FRNs of their own to cover these paper gold contracts either- either the FDIC will bail them out or our accounts with them will.)
Isn't there more actual paper Greenbacks overseas than here? I think a lot fewer than we all realize
Delete