An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and … Continue reading The SDR Is A Trojan Horse For Global Elitists
My Shadow of Truth partner has posted a compelling interview on his Daily Coin website with Willem Middelkoop. “The Chinese are not too happy about the current dollar world reserve system and have been quite open and vocal about their wish to change the existing monetary system toward a next phase…” The Daily Coin/Willem Middlekoop:
At Rory’s prescient behest, we have been way out in front of the curve on the Silk Road and on the issue of China using the IMF to push aside the dollar as the reserve currency. Casey Research finally caught up with their own Silk Road piece – more than a year after the Shadow … Continue reading De-Dollarization is Now Assured – SDR Bonds Have Been Approved
James Rickards has been quite vocal in his view that the price of gold is headed much higher. Yet, in the same breath he aggressively promotes the idea of using the IMF SDR to replace the dollar as the world’s reserve currency. There’s two reasons for this. First, if you study Rickard’s background going all … Continue reading This Is Why I Believe Rickards Is Wrong About The IMF SDR
The 1944 Bretton Woods international monetary system as it has developed to the present is become, honestly said, the greatest hindrance to world peace and prosperity. Now China, increasingly backed by Russia—the two great Eurasian nations—are taking decisive steps to create a very viable alternative to the tyranny of the US dollar over the world … Continue reading Is The World About To Take A “Gold Shower?”
A consultant to GATA (Gold Anti-Trust Action Committee) brought to our attention the fact that gold swaps at the BIS have soared from zero in March 2016 to almost 500 tonnes by August 2017 (GATA – BIS Gold Swaps). The outstanding balance is now higher than it was in 2011, leading up to the violent … Continue reading Why Is The BIS Flooding The System With Gold?
A concocted public relations scheme – an event which resembled the annual Punxsutawney ground-hog viewing tradition – in which the Treasury Secretary emerges from Ft Knox and proclaims, “the gold is safe” does not provide any evidence whatsoever. On cue, Jim Rickards followed up with a half-baked apology for the unwillingness of the U.S. Government … Continue reading Where Is The United States’ Gold?
In times of universal deceit, telling the truth is revolutionary act. – George Orwell A subscriber to my Mining Stock Journal sent me this correspondence a few days ago while the precious metals were being pushed lower by the bullion banks: I read an article before the July 4th holiday from James Richards. He said … Continue reading Thoughts On Rate Hikes, Money Printing and Jim Rickards
In mid-2009, the IMF announced that it was going to sell a portion of its gold. It ended up selling 403 tonnes of its then-reported 3218 tonnes of gold. Back then the original announcement made it sound like the IMF was trying to push down the price of gold with a big sale announcement, as … Continue reading Where Is The IMF’s Gold?
If the Government or the Fed or Hillary Clinton decides they don’t like reality, they just make it up. The BLS fabricates employment numbers, Hillary Clinton fabricates the truth and the Fed invents everything. Rory Hall’s The Daily Coin has been one of the few alternative media blogs covering the Silk Road and the ongoing … Continue reading Economic Data And Political Facts: Just Make It Up