"This is truly a new era in which formerly well-established standards of value for securities no longer retain their old significance."
Leonard Ayers, chief economist of the CLEVELAND TRUST BANK 8-25-1929
"When a well packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous, and it's speaker a raving lunatic."
Dresden James, Author
The Manipulation of the Gold Market — Bill Murphy, GATA
From an article published in 2005: "For seven years GATA has discovered one piece of evidence after another supporting our long-held contention that the gold market is managed by certain central banks and their agents, the bullion banks. It is a price-fixing case involving some very powerful people and institutions … in fact it is a Gold Cartel. The U.S. attorney handling the Samsung conspiracy conviction said in an interview this fall that the United States had experienced an "epidemic" of price-fixing cases in the late 1990s. All GATA has done is uncovered one of them, the grandest of all."
Ignoring Impending US Debt Disaster — Carolyn Lochhead
“Maybe politicians think ... the
American public can’t
understand the truth or hear the
truth or bear the truth. I think
this is garbage. I think that
people care about their kids and
grandchildren and need to know
the dangers facing them — and
us.”
The Fish Rots from the Head Down - New York State Attorney General Eliot Spitzer has threatened to prosecute Merrill Lynch and its analysts for knowingly pumping and dumping equities that were bad investments. As dishonorably as the Merrill Lynch analysts may have acted, I find it hard to argue that the behavior of Alan Greenspan, Chairman of the Federal Reserve Bank is any more honorable.
A "Fountainhead," Mr. Greenspan is not! -During the 1960's and 1970's, Alan Greenspan was a colleague and friend of the great objectivist philosopher and novelist, Ayn Rand. One of Ms. Rand's classic novels was The Fountainhead . It is indeed an irony that Alan Greenspan, who was himself such a great objectivist and friend of Ayn Rand and her inner circle of New York intellects, has chosen to sell his soul for the sake of personal gain at the expense of our nation.
The Methodical Destruction of FIAT- For close to two years now, I have been encouraging friends and acquaintances to purchase gold . My reasoning for doing so is due to the nature of our current monetary system . We ( North Americans and the vast majority of inhabitants of this planet ) live within a " fiat money " regime . The word ; " fiat ", means authoritative order or decree and thus ; the value in our money is found solely in the fact that the government decrees it is so .
Progenitor of the Paper Millionaires-John Law’s Currency System Devastated Royal France, Transformed World Trade. Throughout history, the people who have become very wealthy have had two things in common: Each had a great gift or idea, and each lived in a society where that gift was highly valued.
GOLD OUTLOOK from 2000 to 2020 Something important has been overlooked until now! The world will run out of new gold to mine in 20 years or less! BY JOSEPH M. MILLER
A NEW SHERIFF IN TOWN - “A pathetic side of the manipulation of credit in modern times is that the owners of capital, especially the little capitalists, are swept into a pool of adventure, in which the actual lending of the capital is on a great scale and performed by central agencies alleged to be so expert in debt-trading that it is better to entrust all to them.
Diary of a depression - First of all, the cruel depression of the 1930's did not begin with the stock market crash of October 1929. Although the market had lost 84% of its value in that crash, the depression that rocked America and the rest of the world didn't really get into full bloom until almost two years later.
The Raging Gold Info-War - Throughout history, the power of raw information has been stupendous. Today, information is so omnipresent, so seemingly routine. After all, in this curious moment in time, anyone can sit down at a computer, hammer out some text, hit a button, and seconds later the information is halfway around the world. At the dawn of the Information Age, information is so pervasive that virtually all of us in the first world take it for granted.
1927-1933 Chart of Pompous Prognosticators
Common Sense & Investment
An investor’s greatest ally in this tough and mean world of finance is common sense – an understanding of the rational behaviour of money, notwithstanding the new eras and paradigms and other such nonsense. The timeless basis of money since, say a few thousand years, is – what is the return on my money? This basic computation is the most efficient judge of the deployment of wealth or capital in any enterprise or undertaking.
The Golden Age of Paper - Most people have the misconception that the 1929 stock market crash caused the Great Depression of the '30s. Actually, the Crash of '29 signaled the Great Depression, which was brought on by the Federal Reserve's manipulations of the money supply during the 1920s and 1930s.
A Day of Reckoning - Since August 15, 1971, when President Richard Nixon closed the gold window, the entire world has been on a fiat paper money system. No country's paper money is redeemable in either gold or silver.