So one of the top financial architects of the modern world is here admitting the very thing the mainstream media and pundit morons scoff and laugh at: gold is real money. Remember Ron Paul saying this, and being chided for decades? And yet here is one of the top power players admitting this. Why would he do this? Because the populace is stupid and programmed, and gold is a secret that (is ironically common sense!) the elite are aware of. Last year I went and met a top leftist activist and author in D.C. who was participating in a debate at the CIA spy museum. This analyst chided gold as absurd and laughed at anyone who would proffer such a notion. This analyst’s favored politician, however, is FDR. FDR sure did think a lot of gold – so much so that he outlawed it and tried to confiscate it! If gold is absurd, why confiscate it? It doesn’t take much intelligence to figure out this is a total ruse. As I’ve explained several times on my blog, FDR was a communist and friend of Stalin, despite the rosy picture the left attempts to paint of him. In fact, this is precisely the same policy as Mao in China: the Reds confiscated gold and offered less in government notes in return.
It’s the same scam erected in every nation: centralized economic planning that gains control of the means of the issuance of currency that then gradually transfers wealth through long-term inflation and boom-bust cycles to the megabanks. Most people find this too conspiratorial and impossible to conceive of or accept, but the facts are there. London banking interest Col. Edward Mandell House was the agent who influenced Woodrow Wilson to support the Federal Reserve Bank establishment in 1913. Wikipedia correctly notes, citing G. Edward Griffin’s classic book:
“House played a major role in shaping wartime diplomacy. Wilson had House assemble “The Inquiry”—a team of academic experts to devise efficient postwar solutions to all the world’s problems. In September 1918, Wilson gave House the responsibility for preparing a constitution for a League of Nations. In October 1918, when Germany petitioned for peace based on the Fourteen Points, Wilson charged House with working out details of an armistice with the Allies.
House helped Wilson outline his Fourteen Points, and worked with the president on the drafting of the Treaty of Versailles and the Covenant of the League of Nations. House served on the League of Nations Commission on Mandates with Lord Milner and Lord Robert Cecil of Great Britain, M. Simon of France, Viscount Chinda of Japan, Guglielmo Marconi for Italy, and George Louis Beer as adviser. On May 30, 1919 House participated in a meeting in Paris, which laid the groundwork for establishment of the Council on Foreign Relations (CFR). Throughout 1919, House urged Wilson to work with Senator Henry Cabot Lodge to achieve ratification of the Versailles Treaty.
However, the conference revealed serious policy disagreements between Wilson and House. Even worse were personality conflicts. Wilson had become much more intolerant and systematically broke with one after another of his closest advisors. When Wilson returned home in February 1919, House took his place on the Council of Ten where he negotiated compromises unacceptable to Wilson. In mid-March 1919, Wilson returned to Paris and lost confidence in House, relegating him to the sidelines.
In the 1920s, House strongly supported U.S. membership in the League of Nations and the World Court, the Permanent Court of International Justice.
In 1932, House supported Franklin D. Roosevelt without joining the inner circle. Although he became disillusioned with the New Deal, he did not express his reservations in public.”
Our model is the Bank of England model, and to add fuel to the fire, top Bank of England analysts have come out saying quantitative easing doesn’t work, but is in fact destructive. We read in the Telegraph:
“The previous conclusions are now clearly overturned,” they write. “Both permanent labour productivity and temporary demand shocks now contribute roughly equal amounts to recent … weak output growth in the UK.
This “stark difference in results and policy implications” meant past research might merit reexamining, they said.
“If low output growth is mostly driven by demand… additional monetary stimulus to increase output is likely to generate little [substantial] inflationary pressure,” they explained.
However, if the weakness in growth is equally driven by damaged productivity, as they believe, that would suggest the risk of inflation from QE is higher. This might help to explain why families and businesses have seen prices consistently rising faster than the Bank has forecast.
The warning came as data showed that productivity in the UK’s private sector has fallen to its lowest since 2005. Output per hour worked has dropped by 3.9pc in a year, according to the Office for National Statistics, as employers keep hold of staff even as demand for their services shrinks.
Howard Archer, UK economist at IHS Global Insight, said the fall “will further fuel concern over the UK’s poor productivity performance.”
Of course it doesn’t work – it’s designed not to work by social engineers and elite banking interests who want to destroy opposition and conglomerate wealth. Any capitalist with common sense knows the system we are presently under is predatory and geared towards transfer of wealth to select interests through massive taxes, bailouts, inflation and fiat credit/money creation. That is why gold is really the only safe hedge against inflation and shaky fiat currencies, and this is what the top bankers even communicate and say amongst themselves. Recall that recently George Soros and the Russian government just moved heavily into gold. We read again in Bloomberg:
“The metal will rise every quarter next year and average $1,925 an ounce in the final three months, or 11 percent more than now, according to the median of 16 analyst estimates compiled by Bloomberg. Paulson & Co. has a $3.66 billion bet through the SPDR Gold Trust, the biggest gold-backed exchange- traded product, and Soros Fund Management LLC increased its holdings by 49 percent in the third quarter, U.S. Securities and Exchange Commission filings show.
Central banks from Europe to China are pledging more steps to boost growth, raising concern about inflation and currency devaluation. Investors bought 247.5 metric tons through ETPs this year, exceeding annual U.S. mine output. While both sides said talks Nov. 16 between President Barack Obama and Congress over the so-called fiscal cliff were “constructive,” the Congressional Budget Office has warned the U.S. risks a recession if spending cuts and tax rises aren’t resolved.
“We see gold as a hedge against the follies of politicians,” said Michael Mullaney, who helps manage $9.5 billion of assets as chief investment officer at Fiduciary Trust in Boston. “It’s a good time to garner some protection in portfolios by having some real asset like gold.”
While it’s true that gold can be manipulated, it’s much more difficult to alter than a fiat currency that is centrally controlled and the only legal tender. At root of all this is the trick that is well-known – the alchemy of high finance that dupes the masses. What was that book George Soros wrote?