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By Dick Eastman, The Rebel
The shills sold you on gold in a worsening deflation. That was phase one. By buying 400 billion USD of gold, those taken in by the “Austrian School” scammers — some of whom are shown below — you actually added to the deflationary destruction of this economy — not the destruction of the dollar, but the destruction of the economy, of the people who have participated in this economy and had ownership in it.
Your purchases of gold, ultimatly sold by Rothschild interests, drained the economy of purchasing power as surely as the $2 trillion that drains out of the US in drug revenues.
You bought gold at a high (from Rothschild) and now you are selling it at a low — to get your hands on some dollars, now so much scarcer because of the deflation that you so ignorantly and selfishly contributed to when you had to have gold to bid food away from your starving neighbor when the promised hyperinflation hit.
Now you sell your gold for far fewer dollars than you paid for it – Rothschild giving you a haircut twice — coming and going.
Yes, when you were buying gold you were dealing ultimately with organized crime, with the perpetrators of 9-11, both world wars, and every economic crash and depression of the last 230 years.
But now the deflation is reaching a climax with sequestration and dozens of other measures designed to drain the last of the purchasing power that is our life blood. And now that you are forced to sell your gold to get buy in this purchasing power starved economy — you will be selling your money back to Rothschild at a low.
You have made a serious error — you listened to the wrong people. You turned your back on your country and your neighbor to worship the golden calf.
It shows metals as the base of all other purchasing power — regardless of the fact that the US is not on the gold standard either domestically, since 1933, or internationally, since 1973.
The truth of the matter is captured in the following diagram. Our money is backed by the collateral and the debt-paying power and tax-paying power to deficit-financed government. The money we depend on is loan-created checking account deposits.
In short this:
Rothschilds Scales — People’s Party (populist) 1892
Chris Powell, a founder of Gold Anti-Trust Action Committee (GATA) says of the two-day 14 % drop was collusion to control the price and supply of gold and related financial instruments. . . . I’m pretty confident it was a central bank operation. . . . Financial journalism does its best to contrive other reasons but there was too much selling for it to be any source other than an inspiration from central banks. . . . “Once again central banks had to intervene to protect their currencies and bonds against a rise in gold prices. . . . Central banks had to intervene to protect their currencies and bonds against a rise in gold prices.”
I disagree with Powell’s assessment. This was not a defensive move to protect currencies. It is part of a many phase plan that began with selling people good on the false information that hyper-inflation was around the corner. The truth of the matter — which I warned about on the following youtube video.
How many hundred billion did Rothschild and associates make selling American patsies all that gold at a high and now buying it all back in a low — as the truth of the inescapable presence of horrible deflation cannot be denied any longer.
Also this:
The shills sold you on gold in a worsening deflation. That was phase one. By buying 400 billion USD of gold, those taken in by the “Austrian School” scammers — some of whom are shown below — you actually added to the deflationary destruction of this economy — not the destruction of the dollar, but the destruction of the economy, of the people who have participated in this economy and had ownership in it.
“We are all social crediters now.”
Dick Eastman is a frequent contributor to the Rebel Site.
Source: The Rebel
yes, the central banks are more than happy to buy back gold for less than they sold it to people. other then that, there is so much wrong with this article it would take pages to repudiate it all.
the bottom line is that the dollar is a dead man walking. it may explode in hyperinflation, or sink in deflation depending how things break down. but when it does crash, it will be massively devalued or even replaced. when that happens, any wealth stored in that vehicle will take a haircut from 10% to 99%. no one can be sure. gold is not a means to “get rich”. it is a way to transfer wealth from one system to the next. it is a lifeboat. one that the central banks are trying to punch holes in to keep you in their ship rowing their oars.
as far as “personal” purchasing having anything to do with syphoning money out of the system, hogwash. first, the value of the worlds gold market is a fraction of what the Fed and the rest of the central banking thieves have printed. second, the money doesn’t disappear. it goes from the buyers pocket to the seller, who in turn buys…whatever consumers buy, and back into the system. classic economics.
the only true destroyer of money is the collapsing debt bubble. the bankers are trying to fill a deflationary black hole. if they fail, the black hole that will take down everything. if they overshoot, then its hyperinflation. that is why the situation cannot be accurately called. the bankers are trying to thread the eye of the needle in a hurricane of their own making, all the while trying to steal every penny they can get. things could go either way.
you have this pyramid chart trying to justify fiat as backed by assets. just what assets are they? fiat dollars are not claim checks. not ownership stocks. not deeds or titles. there is no “land” no “labor” no “good” of any kind backing them. only the belief that the system can generate value so that they can be REDEEMED for those things. assignats, continentals, confederate greybacks, and soviet rubles, completely valueless once the bottom dropped out and people would no longer accept them in exchange for tangible real things.
gold can go up, gold can go down, but it is always and forever GOLD. buying fire insurance covers loses if your house burns. it doesn’t stop it from catching fire. and it doesn’t help if you get flooded. that requires a different type of insurance. just be careful playing in the water, banking sharks take no prisoners.
This guy is a moron. You must work for the COMEX, Fed Resv., IMF or some other shill paper pusher. Just keep stacking and forget these dummies. You purchase precious metals as a hedge against inflation not as a speculative play. If it is so bad then why are the central banks seeking to steal yours through manipulation?
Forget ignorant stories like these and continue to KEEP STACKING!
Well, I will keep buying gold and you can have the dollars. We will see who is right in the near future. Buying gold is not about turning a profit, it is about storing wealth in something with an intrinsic value. This author is suffering from lack-of-knowledgeitis!
So stupid, the people that were buying gold coins in the last few years are laughing their heads off at the freaks saying how it’s all a scam.
I was buying gold coins as a hobby in the early 70′s when gold was $30-$100/0z. Boy, I am such a loser! Not!