Gold Rush – The Gold Conspiracy 2/3
Description: ============ This video records the GATA conference held in Dawson City, Yukon Canada on August 7-9 2005. The conference exposes the manipulation of the gold market by central banks. GATA is the Gold Anti-Trust Action Committee and can visited at www.gata.org. Background ========== The value of gold is kept low to keep the value of the dollar high. Traditionally the value of a currency is measured in gold. Current economic policy (Monetarism) advices to infuse new money into the economy to 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 just before the Great Depression it was 270 percent of GDP. Foreign banks and foreign investors are stuck with trillions of dollars worth of bonds and other investements they cannot be sell, because otherwise the dollar would collapse. The US goverment needs to borrow over 2 billion dollars per day to make ends meet (deficit). Foreign investors are loosing appetite for the dollar, because it is obvious these loans to America can and will not be paid back (with real money). The US goverment …
25 comments
@RicosDomeTown Correct. In EU we are afraid of bankrupcy after Greece and Ireland this latest six months, so we are buying commodities, even if Euro is more stable than other currencies, but we have no trust in it. For us it’s a bubble, only more slow to pop than Dollar, maybe, but the road-map is the same.
I think you gave us a great contribution to comprehension of some movements in gold market. I have only a question: if in 1971 the currency had been solved by the corrispective in gold, how could the price of gold be so affected nowadays? I mean: if gold and currency are two different things since 1971, how could be this dependence so alive now?
@louis12346 I would doubt it. Mexico already had a currency crash, and I would guess that other countries (most likely the US) already own the silver mines through corporations.
It’s known that their first investment was from the money they made with the technique posted at ez-casino(dot)com, I’ve started to make money with it…
would Mexico be rich nation in silver ?
@residentzombie good for you,
@w0tm I don’t get it; Ohh-bam-mah keeps talking about how things will keep getting better in the U.S., but according to “these” types of videos, things seem to be going down the toilet, for most nations in the world. Are the leaders possess something to “see” most average people do not, or are they just too naive???
Free Energy is real and its here but the coverup is strong, if u are interested in a REAL free energy machine then
just go to LT-MAGNET-MOTORdotCOM and download the blueprints ,it is probably the ONLY working magnet
motor out there. Join the free energy revolution!!
Fiat currency or gold…think…whats the difference. International acceptability of gold out reaches the dollar? Well blame china for under valuing their currency, blame iran and other countries for not continuing use of the petrodollar. They are the ones forcing our central banks to manipulate the price of gold. OUR BANKS ARE TRYING TO PROTECT US AND THEMSELVES. Stop fueling a gold market with these publications. Just by publishing this you’re a gold price manipulator too.
@rightsideofhistory Of course, waiving debt clean is a farce – because infinite growth is the problem underlying everything. Population MUST go flat. Corporate dividends MUST go flat. Consumption MUST go flat. Shrinking would be even better. As long as next year “must” trump this year…the model followed since the industrial age started… we’re doomed. We either voluntarily go flat (where we decide), or nature or the system will force it upon us eventually (where it happens ugly)
@D33Lux If you really want to get deep, remember that money, debt, and value are also human-made concepts. If forced to decide between total upheaval and doing something radical…why not do the radical: on one day, all internal soverign debt (both government and personal) is waived and forgiven. The accounting wiped clean. What you have today is what you start with tomorrow. Clean slate (aside from debts we owe to foreign nations…although it was done for Haiti!). Life or money. Hmmm
@rightsideofhistory I’m not in favor of optimism, faith is a dangerous crutch to rely on. What if as forecasted this depression turns out to be serious & lasts 20+yrs what surplus would we have with growing unemployment & an unrecoverable job & housing sector. There are more people being pumped out of colleges & universities & cannot pay off their student loans, no new jobs being created. As some people have suggested we need some revolutionary innovation like the internet to create jobs.
@D33Lux Don’t forget – Canadian welfare systems were set up structurally sound. EI ((un)employment insurance) is paid for off every paycheque from 90% of the nation, and obtained by 10% that claim from it when in need. Only lasts 52 weeks, maximum. Welfare is much much less…just enough for shelter and food. Both EI and Welfare end annually in a SURPLUS because the paying-in group is 10X larger in number (& 100X richer in income). It would still operate at 35% unemployment. We’d get thru it
@D33Lux They are numerous, leading many Americans to often call Canada “socialist”… but some simple examples would be our mortgage rules. You can’t get approved for a mortgage in Canada unless it lands under 40% DSR (debt service ratio) of your monthly income. That leaves 60% for expenses. A safer (and reasonable) amount of breathing room. We don’t do “sub prime” as we can’t get morts we can’t afford. Secondly, exotic financial devices are illegal here (derivatives or c.default swaps, etc)
@rightsideofhistory What is this regulation you speak of, I would like to know more about this. Debt is only one factor, we trade with other countries so if they suffer so will we. In the great depression of ‘29 we got hit also, there are no winners with a country in the red (debt) Don’t forget all the parasites on welfare, immigrants, baby boomers retiring, people on unemployment…etc That $2000 social debt will quickly climb to $20,000.
BTW – I already own large amounts of well hidden physical gold and silver + guns, food and water + several tons of “survivalist items” for my family and I to survive for many years never leaving our “bunker”. But my Wall Street investments? Will hyperinflation wipe them regardless if I’m short or long?
If hyperinflation sends the Dow to 500,000 but the dollar becomes worthless then, today, then it is impossible to preserve assets in the stock market? Buying stock priced in worthless dollars – means the stock is worthless? Selling short or buying ultra short ETF’s is worse as you were expecting a crash but prices instead went UP. You must cover at huge losses (with worthless $?).Will someone please explain what HI will do to the stock market? Gold, silver, food, water, guns. Armageddon time?
@D33Lux Canadian debt is NOTHING. Our 5 brick & mortar banks (as well as our currency) is almost as stable as the Swiss. Thanks to our regulation, we don’t have the piss and shit going on up here. Americans will say we are under socialist rule and are a “nanny state”… but those very monetary laws will fare us well in the end. 60 billion in debt is only $2000 for every Canadian citizen. A pittance! I could sell my television and pay my share in 5 minutes! The CAD is VERY stable.
@D33Lux where do you live I am in regina and things are awesome here unemployment is like 4% shitty for you
go for goooooooooooold!!!!! hahahaaaaaaaaaaaaaa!!!!!!
the same is happening with silver, but to a worse extent, it should be about $80/oz now not $17.
the world will RUN OUT of silver in the next 10-15yrs, yet the govt manipulators are keeping prices down, so people think silver is worthless, but theres actually LESS silver above ground than gold, yes LESS silver above ground, manipulation is the word people. silver could be worth MORE than gold one day, as its been used up, gold isnt used up as much as silver
i agree
great vids, but the stupid fng music gets in the way jeesh.
I predicted the exact things you just said back in February 09 and put 90% of my savings in gold and silver.
Very important point. One could look at the government as a sort of public-relations arm of the entire body of international corporations. They’re totally owned and we are sold out.
Leave a Comment