Pyramid Scheme Puts Glass Ceiling Over Humanity

Gold and the dollar, stock markets a-flutter… Wondering what is next for prices?

It looks like Millfield High School determined monetary policy for end-2012 in her majesty’s kingdom.

In a regional heat of the 13th annual Target Two Point Zero – Bank of England and The Times Interest Rate Challenge held in Exeter on November 19, the high school team recommended price-fixing for interest rates at 0.5%, compared with the Bank of England’s official rate of 0.5% set by its Monetary Policy Committee (MPC). The Millfield team also recommended a total of £375 billion of asset purchases under the Asset Purchase Facility, compared with the £375 billion agreed by the MPC.

Groundbreaking conformism inspired the bankers to award the school as winner of the regional heat, one of 43 from all around England intended to help policy-makers gather input in a manner similar to the public discussion and commenting periods used in the States to review and shape new legislation.

The winning team from each regional heat goes on to one of the six area finals to be held in February 2013, with the national final to be held on March 22 at the Bank of England in London. It seems this is the message from the establishment to the people:

As Gary North of the Ludwig von Mises Institute further writes, “Ultimately, this debate is between the logic of the free market as a social organization versus the logic of central planning.” To read why planners always fail see here, and here. With Goldman’s Mark Carney now at the helm of Bank of England, will the children be beggin’ for still more banknotes come Q2, lending cover for more politically volatile debasement, or will they see the golden light of real money trapped behind the societal glass pyramid?

For more on tricking children see Nationalists Use Guise of Education to Indoctrinate Young, and for more on price outlook, read Silver and Gold Price Action – Winter Outlook.