Thursday 21 August 2008

Villagers asked to spy on speeding drivers

Telegraph

Villagers are being encouraged to inform on speeding drivers so that police can send them warning letters.


Residents in Swarland, Northumberland, have been asked to note down registration numbers of cars they think are over the speed limit.


Northumbria police will then issue a letter to the alleged offender, and store their details on a database.



But the police have be criticised for asking people to become 'do-it-yourself traffic officers' while some claim the scheme will be open to abuse to villagers with an axe to grind.


If reported twice, motorists can expect a visit from an officer and after three they will become a target for police to monitor.


Villagers Ian and Beccy Mordue said they were concerned people were being given the powers without training.


Beccy, 54, said: "How on earth are they supposed to know what speed they are doing? You could be doing 28mph, how would anyone know unless they had a speed gun? I just think the system is flawed – it's open to abuse and error."


Ian, 60, added: "I have lived in this village for 19 years and I would not have thought speeding was a problem here at all."


Police came up with the scheme following complaints that drivers were not slowing down when entering the village from faster country roads. A range of speed calming measures were explored by the council, but none were considered acceptable by highways authorities.


Alnwick Neighbourhood Inspector Sue Peart said the scheme had been based on Neighbourhood Watch and other similar projects which rely on the community helping the police.


She said: "This is not about taking enforcement action against motorists, but educating them and encouraging them to drive safely through the village.


"However if a vehicle is regularly being brought to our attention we clearly have a duty to investigate."

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The Disconnect Between Supply and Demand in Gold & Silver Markets

Seeking Alpha

There is a huge demand for both gold and silver right now in India and North America. North American shops are completely bare of silver. Indian shops are empty of both silver and gold. Even the Indian banks don't have any gold or silver. The big western bullion banks, based in New York and London, control both the gold and silver trade. Reports from India are that they are refusing to extend Indian bank lines of credit, forcing the small banks to deliver to clients, collect money, and pay down lines of credit, before being allowed to take delivery of another gold or silver shipment. This is very abnormal. Normally, if a banker’s bank knows that its customer-bank has firm orders, it would extend the smaller bank a bigger line of credit. Not now.

By refusing to extend lines of credit, the big bullion banks are essentially rationing a very thin supply. Most physical silver, for example, is being reserved for industrial and fabrication use, and investors are simply not able to get any, without waiting for months. Investor oriented shops are bare, and the U.S. Mint has suspended coin production. All available supply seems to be reserved for industrial users. You cannot substitute paper claims for real silver, in industrial use, because paper doesn’t have the physical properties of silver. So, it seems that all available supply is being diverted to industrial users, and, to a lesser extent, aside from the squeeze on lines of credit, also to jewelry fabricators. But, investors are left out in the cold. They can accept paper claims, or nothing. The most interesting mistake that the manipulators have made is in not supplying the U.S. Mint, which has run out of silver, proving that there is a severe shortage.

Meanwhile, by refusing to extend Indian bank lines of credit, Indian jewelry demand for both gold and silver is being stymied. India is not being allowed to drain away precious metals, in the amounts that are warranted, given the low prices and the numbers of unfilled orders that are sitting on desks in India. World bullion banks, in other words, are managing deliveries of physical gold and silver to artificially reduce the quantities delivered, under the excuse that the “Indians have run down their credit lines.”

The happiest fact of bullion bankers’ lives is that western markets are, with the exception of some fabrication and industrial demand, almost 90% paper based. The huge COMEX futures market almost never sees an ounce of real silver or gold ever change hands. It is all paper, shuffled back and forth. These paper markets are being flooded with paper based "claims" to alleged gold and silver, supposedly being held in big bank vaults in London and New York City. The market is overwhelmed with paper claims, and the big bullion banks (maybe, with the Federal Reserve providing the money?) are paying big bucks to secondary derivatives dealers to get them to lease this artificially created “gold and silver.” In a normal market, one who leases a thing of value must pay for it. But, now, derivatives dealers are being paid to lease both gold and silver. Then again, it may not be a thing of value, if it is fake…

That being said, the paper claims may have a lot of value, whether or not they are fake. Derivatives dealers can write futures contracts, options, etc., according to CFTC rules, because paper "claims" to vault-stored silver and gold can be used as the legally mandated "cover" for futures contracts. To understand the nature of paper claims, we must travel back in time, for a moment, to a class action against Morgan Stanley (MS). According to the complaint, Morgan Stanley claimed that it bought physical silver, on behalf of various clients, and was storing it, in safe-keeping, in its vault in New York. Allegedly, Morgan Stanley defrauded its clients from Feb. 19, 1986, and Jan. 10, 2007. According to the complaint, it never bought any silver, but, all the while, continued to charge clients big fees for storing the imaginary metal. Morgan Stanley is one of the biggest investment banks in the world. It is one of the major players in precious metals. Yet, according to the lawsuit, the paper claims to vaulted silver it issued to clients was nothing more than a lie. One of Morgan Stanley’s defenses, interestingly enough, was that everything it did simply followed “standard industry practices.” For more information, see here.

Apparently, it is standard Wall Street industry practice to send people monthly statements promising that the firm is storing physical precious metals in a vault, charge for the storage, but really never buy or store any real metal. Morgan Stanley eventually settled the case for many millions of dollars in damages, rather than going to trial. That tends to indicate that they were guilty, as charged. I believe, with good reason, as you shall soon see, that most of the paper claims to silver and gold, now floating about, and collapsing prices, are cousins to the Morgan Stanley silver claims.

Logic tells us that the so-called metal must be imaginary, and I will soon tell you why. Yet, for some reason, in spite of class actions like the one described above, no one demands to see it. The majority assumes that banks, like Morgan Stanley, are honest, and would not issue fake paper claims. But, if they did it before, they are probably doing it again. That could be the key to precious metal market manipulation.

If you are a huge bank, with hundreds of billions of dollars worth of short positions, and you know the price is going to explode, you can do one of two things. You can be honest, like most individual and institutional short sellers must be, and cover your short position by buying back at market prices even though you may take losses to do so. Or, you can be dishonest. The majority of banks and hedge funds don’t have the option of being dishonest, even if they want to be.

However, what if you happen to be a primary dealer of the Federal Reserve, or the ECB, or the Bank of England, or all three? If you are, then you happen to have overwhelming knowledge and control of the marketplace, because your divisions are deeply enmeshed in the global financial trading system, and your powerful computers allow you to analyze all markets in a matter of minutes or even seconds. You have an ownership stake in all the big markets like the New York Stock Exchange, Nasdaq, COMEX, NYMEX, and the London Metals Exchange.

Unlike a small or medium sized institutional investor, you are in a position to be dishonest, if you choose to be, and in a position to profit from your dishonesty. Because all orders flow, at one point or another, through your firm or one of a handful of other big wire houses, you will know where the stop-loss triggers of non-affiliated long and short sellers are. With this in hand, you are ready to manipulate any market, especially small commodity markets like gold and silver.

The first thing you need to do is issue large numbers of false paper claims to allegedly stored gold and silver in your vault. This gold and silver really doesn’t exist, but it doesn’t matter because you are a big prestigious bank, and no one questions you when you say it is in your vault. You offer these claims for “lease” to any secondary dealer willing to take you up on it. You don’t want to sell them outright, because then you might eventually be faced with a demand for the real metal, as Morgan Stanley was. You don’t actually have enough real metal to cover these claims, so, you want to make sure that the operation takes place in a limited time frame. That’s why you “lease” the claims for a term of months. If you find that small dealers are afraid to lease such claims, you encourage them by subsidizing the leases with a negative interest rate. In other words, you pay them to accept your alleged gold and silver.

This is exactly what is happening in the precious metals market, right now. Gold and, especially, silver leases are being subsidized. As of a week ago, if you are a dealer, and you lease gold or silver, from the bullion banks, incredibly enough, THEY WILL PAY YOU! At the end of this article, I have attached a chart, showing the current negative lease rates for the various metals. Dealers who lease claims to fake metal, are able to issue futures contracts and other derivatives. The fact that they hold contractual claims to metal means they will have fulfilled the “cover” requirement imposed by their federal regulator, CFTC. The CFTC has never bothered to audit a vault to see if the gold or silver is really there, so you’ve got nothing to worry about. You’re a big bank! You say it is there. Everyone believes you, just like Morgan Stanley’s customers believed them. You might even be Morgan Stanley.

At any rate, you initially issue a lot of claims to fake metal, and so many futures contracts are written, in a very short time period, that they flood the market on exchanges like COMEX and the London Metals Exchange, where almost all the transactions are on paper, and real metal rarely changes hands. Meanwhile, if you are the big bullion bank, you know what you are doing. You issue just enough subsidized precious metal paper to automatically trigger stop-loss orders. The price starts going down as the sell orders are filled. That triggers yet more stop-loss orders, and the process becomes one of dominos, falling one after another, until the price collapses. If the operation is successful, and the collapse is big enough, market confidence is destroyed, on a wide scale.

The destruction of market sentiment won’t last forever. You can’t fool all the people all of the time. But, temporarily, having been burned badly, investors refuse to buy. Buying may still be happening on the real market, as it is, in both America and India, in gold shops. True physical metal will still be in severe shortage, so the metal will disappear quickly, as the price goes down below where true market forces should be bringing it to reach equilibrium between supply and demand. But, real market buyers look to the COMEX and the London Metals Exchange, because they think they are honest exchanges, even though they may not be.

Prices on those exchanges will determine prices charged in shops, and when the price goes down deeply, there isn’t enough product to go around, because everyone buys it. In other words, supply and demand go into disequilibrium, there isn’t enough supply to meet the demand at such low price points, so delays in delivery, as well as outright shortages result. That is what is happening, right now, in the physical gold and silver market. Not only to retail investors, but, also, even to the U.S. Mint, which has suspended production of gold coins, and is rationing silver coins.

At any rate, when market confidence is damaged sufficiently, we can move in. We unwind our new short positions in the futures market, by buying back huge number of long positions at very low prices on the COMEX. We also unwind an exponentially larger number of positions inside the shadow world of "dark pools", which are little known secretive private exchanges, controlled by the big banks. It ended up costing us some money, but not a lot compared to the money we’ve avoided losing. We’ve paid subsidies on the leases, but we’ve never actually had to buy the gold or silver, because there isn’t any available, and none in our vault. This is the way that a group of big bullion banks could induce a price collapse to unwind hundreds of billions of dollars worth of potential losses, or position themselves to go long on hundreds of billions of dollars worth of potential profits.

Contrary to the pundits at CNBC, Bloomberg, etc., the price of gold really has nothing to do with the value of the dollar or the value of oil. It doesn’t matter what the dollar is worth, in relation to euros, pounds sterling or Zimbabwee money. It only matters what supply and demand factors exist for gold. Yes, the demand will fall a bit if the price goes up, for example, in euros, because the euro has depreciated. But, what really counts is not what the euro, yen or dollar price is, but, rather, whether or not there is enough demand to soak up the available supply.

Gold is priced in dollars, but, so long as people holding either dollars, euros, yen, yuan or Zimbabwean money, are willing to pay whatever price gold is selling for, in an honest market, the price should rise. Obviously, enough people are willing to pay for gold and silver, at the previous $978 and $19.50 per troy ounce price, because the U.S. Mint could not source enough metal at those price, and had to suspend coin production.

This proves that people are more than willing to fork over, in whatever currency they are using, the previous prices for gold and silver, in such quantities, that a shortage was already existing, before the price collapse, especially in the silver market. It is true that people in poorer countries like India, might have back on their consumption.

But, while they were cutting back, demand and consumption of gold in North America, including Canada and the USA, was soaring. For example, before it suspended production of bullion coins, due to shortages, the U.S. Mint’s statistics show that it was printing 2.5 times as many gold coins, and almost 4 times as many silver bullion coins, this year, compared to last year. Gold and silver bullion, in bar form, was also flying off North American retail shelves.

Bottom line: Enough people were buying, when the price was high, to exhaust the supply. Basic economics says that, in a free market, this means the price must rise.

But we don’t live in a world of free markets. Instead, we are living in an Orwellian 1984 double-speak world. Welcome to the world of Fed/PPT, where 2+2=5, blue is yellow, and black is white. All things are as they say they are, rather than as they really must be. Welcome to the world of a controlled business media, where the pundits will do anything and say everything to convince you to forget your math, and your eyesight. No, they tell you. It really isn’t so. What you’re seeing isn’t the way it is. Believe, instead, what we tell you. We can do it! We have special skills. There is a new world order. We can make 2+2=5. Just give us your money, and we’ll show you how!

But, let’s return to reality. Right now, virtually no North American precious metals dealer can give you a firm delivery date on large quantities of silver. They have no stock to sell. This means demand is robust. On Friday, as the COMEX gold price was collapsing, the U.S. Mint suspended gold bullion coin production because it cannot source enough gold bullion! That could not happen if bullion banks were selling claims to real physical metal into the marketplace. Indeed, the Mint began rationing silver bullion coins two months ago, when it started having trouble sourcing silver bullion. Word from the Perth Mint in Australia is that it is taking weeks or months to take physical delivery of gold and silver, even though investors are already supposed to own that metal. Supposedly, it is simply being kept in the Mint's vault for safe storage. But, it is getting harder to take it out of “storage”. Meanwhile, as previously stated, Indian gold and silver dealers, wholesalers and banks all have empty vaults. None of this can happen if demand is down, and supply is abundant.

We have a disconnect between reality markets and fantasy markets. The COMEX and London Metals Exchange are fantasy markets controlled by the big bullion banks. They must be engaged in market manipulation, because nothing can explain a big price collapse, in the midst of widespread shortages and robust demand. A group of big financial institutions, deeply enmeshed in the global trading system, and heavily involved in the gold and silver market, must be deliberately inducing temporary panic, for their own purposes. These malevolent characters will eventually be able to buy back their short positions at low prices, and, possibly, also, even collect a significant long position. The process is a continuing one, and hasn’t stopped yet. On Friday, for example, the subsidy for leasing gold and silver was raised to very high levels.

It is obvious what they are doing. More important, however, is why? What does it mean? Well, the PPT bank executives are generally “people in the know” about financial events, before they actually happen, sue to close relations with regulators like the Federal Reserve, and FDIC. They folks are so desperate to cover short positions, that they are willing to spend a billion or so dollars, subsidize precious metal leases, to collapse the market, and destroy investor confidence. But, why? We know that the Federal Reserve, like other central banks, sees gold as a rival to the dollar. But, that’s not enough, because they’ve never attacked precious metals with such ferocity as now, and, if the Fed were directly involved, they could probably supply real metal.

If something terrible is about to happen in the financial world, the losses that big banks would take on their precious metal short positions would put most of them into bankruptcy. Remember the words of Warren Buffett. Derivatives are the financial world’s weapons of mass destruction. Precious metals futures short positions are highly leveraged transactions that could cost hundreds of billions if the price of gold were to suddenly explode.

We can guess that the main players here are big powerful Wall Street and/or High Street investment banks who work closely with the Federal Reserve, the ECB, and the Bank of England. These people are privy to the information needed to carry out a massive manipulation as described above. No one else is. Since most of the collapse happens on the COMEX, we can assume that most of the manipulation is being done by New York based investment banks.

Wall Street’s investment banks control most of the world's gold and silver markets. They are also entrenched in the overall mesh of all financial markets. Making matters worse, because of the 1987 President’s Executive Order on Working Markets, they are authorized to work together, and in conjunction with the U.S. Treasury and the Federal Reserve, to manipulate markets without fear of criminal prosecution. They know exactly where the stop-loss orders are, and how much flooding of paper claims for gold and silver would be needed to trigger them. They are, therefore, perfectly positioned to carry out the nefarious scheme I have outlines. The ultimate aim, of course, would be to destroy investor confidence, by collapsing the price for a few weeks. This would allow them to unload their own exposure at a very low cost, while the majority of market participants are temporarily shell-shocked, and in retreat.

As noted above, they are not using real gold or silver to do this. That implies that this particular attack on gold was not authorized by the Federal Reserve. They’ve never had any real silver and have used paper claims for years to manipulate that market. But, gold has often been supplied out of the U.S. hoards at Fort Knox, West Point, or the NY Fed. I suspect all three have had their gold hoard so heavily loaned and swapped out, that there is little or no physical gold left to play with. That’s why the Federal Reserve has been pushing for the IMF gold sales. The vaults are probably already filled with IOUs from the likes of Goldman Sachs, JP Morgan, etc. Perhaps, that is why the Treasury Department lists total U.S. gold holdings as "gold and gold swaps", and refuses to disclose details how much consists of real gold and how much consists of swap IOUs (loaned out gold). But, anyway, the lack of physical gold probably implies that the Federal Reserve is not involved directly, because they probably still have enough to flood the market for a week or two.

But, it’s not cheap to manipulate markets. It will probably cost over a billion dollars to subsidize the negative lease rates. The only logical reason to spend such a huge amount of money, is if you are going to get an even bigger benefit from doing so. They must be very worried about losing far more. Once again, that implies that some VERY bad economic news is about to be released. Skeptical? How much worse can the economy get? It can get much worse! So, what’s in store? A series of huge bank failures, maybe? IndyMac collapsed two weeks ago. Are we going to see the collapse of Washington Mutual (WM)? National City Bank (NCC)? Someone else?

I don’t know. But, I do know this. The FDIC will not have enough cash to make good on its insurance pledges, if they fail. The FDIC only has $37 billion left in its trust fund, after paying off IndyMac depositors. Between its two major divisions, WaMu has total deposits of about $204 billion. National City has about $101 billion. Could FDIC turn to the Federal Reserve for a quick loan? Not a chance! The Fed has its own problems. It has already polluted its balance sheet with some $450 billion in low value and absolutely worthless mortgage paper that its client banks wanted to get rid of.

Depositors might wait months for their money, while Congress is petitioned to approve the sale of more Treasury bills. This delay would be likely to cause other depositors to make a run on other banks, creating a domino effect. Then, more banks might fail. More bank failures will require yet more dollars, and cause more delays in making depositors whole. At the very least, the sudden issuance of $300 billion new dollars would stimulate massive inflation. Under such circumstances, gold could be expected to explode to the $2 - $3,000 per troy ounce range, within a matter of a few weeks or months.

click to enlarge

Source: Kitco

Update: I just found out that Kitco, one of the biggest precious metals dealers in North America, just posted the following notice:

IMPORTANT NEW NOTICE: Due to market volatility and higher demand in the entire industry, we are anticipating delays in supply of all bullion products. Please note that you can continue to place orders and prices will be guaranteed; however, cancellation fees will still be applicable regardless of the length of the delay. Consequently once inventory is received there may also be delays in processing and shipping by our vaults. (italicized emphasis added)

Sounds like a severe shortage to me, when someone will take your money, and then, even if it takes two years to deliver, and you cancel, they force you to pay a penalty!

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HPV Vaccine Kills At Least 21 Girls So Far

HPV Vaccine Kills At Least 21 Girls So Far

New England Journal of Medicine claims that only about 10% of drug induced side effects are reported
OTTAWA -- Critics say that the reasons to avoid using the HPV vaccine, Gardasil, continue to pile up in the form of thousands of instances of severe side effects, including numerous deaths.
In response to the mounting evidence that the vaccine may not be safe for widespread use, the Centre for Disease Control (CDC) is slated to release a study in October that will attempt to determine the validity of these reports.
Judicial Watch, a public interest group, has closely monitored Gardasil since it was released by creator Merck in 2006, periodically detailing statistics on the numerous side effects users have experienced. The most recent report alleges that the drug has been responsible for 21 deaths and 9,749 adverse reactions, including 78 outbreaks of genital warts and 10 miscarriages.
As daunting as these current statistics are, it seems that even they may be gravely underestimating the health risks associated with using Gardasil. A study by the New England Journal of Medicine claims that only about 10% of drug induced side effects are reported to the Vaccine Adverse Event Reporting System (VAERS).
Furthermore, FiercePharma.com claims that experts have criticized the actual effectiveness of the cervical cancer vaccine, saying Merck has exaggerated the drug's usefulness.
Despite the alleged dangers of using Garasil and concerns about its actual medical success, Merck is continuing to push the drug into state mandatory vaccine lists and schools.
http://brownpelicanla.com/index.php/all/2008/08/15/hpv_vaccine_causes_21_deaths_and_countin
See related LifeSiteNews.com coverage -
Gardasil - 18 Dead, Thousands Suffer Complications
http://www.lifesitenews.com/ldn/2008/jul/08070809.html
Why Medical Authorities Cannot be Trusted on Gardasil HPV Vaccine By Gwen Landolt
http://www.lifesitenews.com/ldn/2007/dec/07121905.html
Ontario Catholic School Board Rejects HPV Vaccine on School Premises
http://www.lifesitenews.com/ldn/2007/oct/07101806.html
Controversial HPV Vaccine Causing One Death Per Month: FDA Report
http://www.lifesitenews.com/ldn/2008/jul/08070316.html

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Saturday 16 August 2008

Tuesday 5 August 2008

'EURANIUM': The Weaponized Fiat Currency

By: Alex_Wallenwein

(source)Like its metallic counterpart, the euro currency has the tendency to make other currencies it comes into contact with more like itself – radioactive. The inevitable result is the death of (natural) national currency systems.

The Nature of the Euro-Beast
The euro’s architects have recognized that the worldwide dollar-reserve system cannot be sustained. The reason: The US Fed’s dual – and conflicting - mandate of price-stability and full employment. The Fed was sold to Congress via the ‘hook’ that it would allow Congress to both control inflation and maximize employment if only Congress would agree to set up this version of a central bank in the US.


As we all know, there are very few politicians who can and will resist such a temptation.

Since that proposition has predictably turned into a slow-moving disaster, the euro architects figured out that they will have to give up some of the power bestowed upon them by centralized control of interest. They did this by limiting the ECB’s function to maintaining “price stability”, i.e., limiting credit-inflation.

In so doing, they curtailed the ECB’s ability to goose the markets on demand in order paper-over occasional and inevitable economic downturns. At the same time, they took the controls off the price of gold by (a) trying to maintain roughly fifteen percent of the system’s forex reserves in the form of gold, and (b) by revaluing its gold reserves quarterly at market prices.

This is in no way a form of gold backing in the traditional sense. There is no exchangeability of euros to gold at a legislatively fixed rate, but it shows that the euro is set up to be supported by a rising price of gold, rather than being undermined by it.

There has been and continues to be much talk about the euro being designed to ultimately take over the dollar’s reserve-currency function. That is not the case, at least not completely.

If you were to ask whether the euro was in fact designed with that goal in mind, the answer would have to be a definite yes and no. “Yes” in the sense that the euro was intended to incrementally displace the dollar, and “no” in the sense that the euro would not try to assume the full burden of the dollar’s world reserve currency function.

Because of the factors mentioned earlier, the euro can’t (or rather won’t) be inflated fast enough to spread around the world and fuel global malinvestment (er, … economic growth) the way the dollar did.

Instead, the hidden idea behind the euro was to literally force the creation of other regional currencies throughout the world.

By inevitably competing with the dollar for its reserve function, the euro creators did sign the ultimate death warrant for the US dollar system. Yet, by having this “anti-inflation” bias (which is not really adverse to inflating the money supply at all, but merely tends to slow the process somewhat) any attempt to merely substitute the euro for the dollar worldwide becomes simply self-defeating..

The only solution, then, is to force the creation of other currency unions so that the euro doesn’t have to completely take over the dollar’s old function.

At least, that’s what the plan was.

Irradiating the Dollar?

Now, just to eliminate any misconceptions, what will “force” the creation of these other currency unions is not some kind of magical force emanating from the euro. Rather, what is forcing this new system to emerge is the deliberate deconstruction of the dollar by those elected and appointed to preserve it, so the euro-uranium comparison “limps” to that extent.

The euro is not a European “attack” on the dollar. Remember who is credited with the title “grandfather of the euro” – Robert Mundell, a US professor of Economics at Columbia University. Okay, so he’s originally a Canadian. So what? The design for this new system still emanated from the US, just like the US was the birthing-den that spawned both the League of Nations and the United Nations.

Still, the combined effect of the creation of the euro and the time-warp destruction of the dollar is the same as if the euro was actually radioactive. Only by creating other currency unions can the world financial system be weaned from the dollar without turning the euro into just another dollar clone. In other words, the idea behind the euro has a very strong tendency to clone and proliferate itself across the globe. This is not just theory. It is happening as you read this.

There are, of course, arguments floating around maintaining that this or that regional currency (East Asia, for example) would not be feasible because the different countries’ economies and standards of living are too diverse, and because trade integration is already so high that a single currency would not be beneficial.

However, the fact remains that, once the dollar’s global reserve function is successfully eliminated via an engineered crash of the US economy, there will be no choice but to initiate at least regional anchor currencies that can assume the dollar’s reserve role in a more limited, regional fashion. These anchor-currency or regional reserve currency arrangements will then inevitably lead to regional single currencies.

The Good News for Gold Investors – Sort of

The good news for gold investors is that this development will tend to take all official opposition to rising gold prices out of the global monetary equation. The death of the dollar will the renaissance of gold – but not as an official currency per se; only in it store of wealth function. As such, gold will be allowed to find its ultimate equilibrium price relative to all other currencies without constituting an actual threat to its fractional fiat cousins.

The problem is that currency unions are also what could be labeled “sovereignty pools.” Countries participating in them will abdicate their national sovereignty to an ever-increasing degree. The nest example for that is Europe, where the central governing structure becomes more and more powerful in the political sphere since political decisions become farther and farther removed from the individual.

The Freedom of Choice

Nation states, as imperfect as they might be, are natural repositories of individual liberty by the mere fact that, as long as you have different countries with differing political regimes, you have a choice regarding where you want to live. If your country gets too oppressive, you can flee to another, less oppressive one.

In the end, the logical conclusion of the currency-union movement would be a world without sovereign nation states, dominated by regional arrangements that do not have the natural cohesiveness of “one language, one culture, one country.” These regional structures can then be easily subsumed into a global body dominated by the most powerful economic and military force. By the time this all comes to fruition, that force will be what today is known as China.

In the past and since World War II, the US was this power, but it was only able to sustain it because of its status as the world’s reserve currency issuer and its technological superiority. These two bases for its dominant power are now being dismantled as a result of the introduction of euranium – the new, designer-made, radioactive element in the periodic table of world currencies.

While ‘euranium’ undermines the dollar’s reserve currency status and thereby its demand foundation, the US financial elites’ own efforts at globalization are destroying America’s natural technological superiority. US corporations (as well as the US government) are giving the Chinese all of our secrets - in return for the right to rent their (still) cheap(er) labor force for a period of ten years. After that, all installations and production facilities built there by US corporations become the property of the Chinese government.

What investors in the West fail to appreciate is that China is a case study in endless imperial strife, centralization of power, and political and spiritual oppression of its own as well as its assimilated people. Chinese citizens have been brutally oppressed for so long that the current economic boom they are allowed to drive and enjoy is a gift from heaven – and to them, ‘heaven’ is their government. They consider Western notions of self-government and individual liberty as quaint and devoid of practical usefulness. A future world dominated by China therefore will be a far, far different place than the world we now live in.

So, yes, the buying power of your gold and silver will increase under this new emerging currency regime, but it may come at a prohibitive price – unless you act now.

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