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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Saturday 15 February 2014

http://pro.stansberryresearch.com/1402OILCHNGO/LOILQ210/?h=true

"It's estimated that during the 1960s and early 1970s, we essentially gave away about 2/3rds of our nation's gold reserves... around 400 million ounces... all because the U.S. government was trying to defend the U.S. dollar at a "fixed rate" of $35 per ounce of gold.

We gave away 400 million ounces of gold and got $14 billion in exchange. Today, that same gold would be worth $486 billion... a 3,468% difference."

2 comments:

  1. Perhaps "a banker a day" will keep the BullTards at bay...

    ReplyDelete
  2. My paper Ag trade - A day early and a dolla late. Fine, as the phy smiles.

    Suck D thumb and hold D ding-dong, as PM rally. No need 4 genius.

    ReplyDelete