"when will the people of the UK demand some justice from their Prime Minister, whose borderline act of treason merely to bailout a few financial institutions". Tyler Durden
By our words we are not judged but our deeds - except on twitter where every utterance has libel lawyers 4 u salivating. In their ideal world the act of opening your mouth to breathe is an opportunity.
”In front of 3 witnesses, Bank of England Governor Eddie George spoke to Nicholas J. Morrell (CEO of Lonmin Plc) after the Washington Agreement gold price explosion in Sept/Oct 1999. Mr. George said “We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K.”
Any attempt at management by government is doomed to failure as any right wing thinking economist would tell you. Only the mysterious bubble markets can regulate economies. It is only by brutalising subjects that they will be able to appreciate the trickle down from the stockpiling. That can only be achieved with total market dominance of the population as a Chilean Dictator once showed to devastating effect.
They say we should follow the money but the paper and virtual trail that leaves is a bureaucrats wet dream. It also has magic properties and routinely disappears up the sleeve. When it comes to Gold the finger print of conspiracy is never partial. Behold:
Was Londinium sold down the River?
Disaster to befall the Once Great City?
Did France steal our Gold and insult our mothers?
|A Ritual to Old Father Thames|
"There is also a credible speculation that the sale was designed to benefit a few of the London based bullion banks which were heavily short the precious metals, and were looking for a push down in price and a boost in supply to cover their positions and avoid a default. The unlikely names mentioned were AIG, which was trading heavily in precious metals, and the House of Rothschild."
AIG are very suspect due to their unsavoury links with Manchester, Reds and Wayne Rooney. HoR pronounced 'huh-or', descended from the ancient Reptile House, are a conspiracy theorists wet dream. Sadly that is too obvious a conspiracy route. This can only be about stockpiling gold for the greatest tithe which will result in thy golden showers trickling down upon the masses*
Yes, the central banks that have any savings to speak of are gradually stockpiling gold... Paper is rapidly appearing out of thin air.Today’s article is not an attempt to try to explain the myriad reasons why and how this paper epoch is nearing its end. I just want to make the point that it’s not just me starting to take gold savings seriously. The guardians of sovereign wealth (nations that have any wealth) are increasingly turning to gold.
* I am obliged to consider alternatives and I cannot rule out a slightly solid fart escaping instead of a tiny bit of wee. This theory may well explain the periodic stench coming Greece which some sources speculate is about to cover the City of London.