Gold Rush - The Gold Conspiracy 1/3

Description:
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This video records the GATA conference held in Dawson City, Yukon Canada on August 7-9 2005. The conference exposes the manipulation of the gold market by central banks. GATA is the Gold Anti-Trust Action Committee and can visited at http://www.gata.org.

Background
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The value of gold is kept low to keep the value of the dollar high. Traditionally the value of a currency is measured in gold. Current economic policy (Monetarism) advices to infuse new money into the economy to stimulate economic growth. For the last few years money growth in the US has been over 10 percent, much higher than the growth of the economy (GDP). This does stimulate the economy, but the dollar also looses it's value (inflation). New money (credit) is not given to economic participants but lend to them. By now the American consumer is deep into debt (mortgage) and the US government too (bonds). Total debt in the US is over 40 trillion dollars. Total debt is 330 percent of GDP, in 1929 just before the Great Depression it was 270 percent of GDP. Foreign banks and foreign investors are stuck with trillions of dollars worth of bonds and other investements they cannot be sell, because otherwise the dollar would collapse.

The US goverment needs to borrow over 2 billion dollars per day to make ends meet (deficit). Foreign investors are loosing appetite for the dollar, because it is obvious these loans to America can and will not be paid back (with real money). The US goverment has run up a debt of 8,5 trillion dollars and is effectively bankrupt.

The current financial system is kept from collapsing by massive manipulative intervention by the US goverment, the Federal Reserve and banks, such a J.P. Morgan. Such as manipulation of the gold price. However... they are running out of gold to dump on the market!

The Greater Depression
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When the housing market collapses even further in 2007 the US economy will go into recession and investors will sell dollar denominted investments and invest in Asia. Dollars will flood the market that already has too many dollars. In addition, the US goverment will only be able to pay investers that sell US goverment bonds by printing massive amounts of dollars (monetizing the debt). The dollar will go into hyper inflation and become worthless.

US banks will go bankrupt, because of fractional reserve banking. Fractional Reserve banking means that the bank does not actually hold the money of it depositors, but lends it out. If borrowers go bankrupt the banks cannot pay the depositors. The bank is bankrupt and the depositor has lost his savings. Depositor's Insurance (FDIC) will not help, because depositors will be paid with money that has much less value. Banks will topple like domino stones: a systemic banking crisis.

Because rampent credit creation, gold and silver will go up in value. They are the only true money, they cannot be debased. As the very profound and structural problems with the dollar becomes more apparent to people, these people will move their wealth into something that is safe: gold and silver. However, there is by far (and I really mean by far!) not enough gold and silver to absorbe all the paper money out there. They value of gold and silver will go astronomical.

What should you do:
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* View the Gold Rush 21 presentations.
* Open an account with http://www.goldmoney.com or buy Perth Mint certificates. Do not open account with e-gold, because they are US based.
* Buy bullion gold bars or coins (do not buy numismatic coins).
* Do not sell your gold or silver: buy and hold.
* Do not use a gold or silver ETF: this is not the real stuff and you are only buying a promise. You will get screwed. Empower yourself with real money: gold.
* Open an account with Europacific Capital.
* Read "The Dollar Crisis" by Richard Duncan.
* Read "The coming collapse of The dollar and how to profit from it" by James Turk.
* Read "Creature from Jekyll Island" by G. Edward Griffin.
* Don't know anything about economics: view a ten lesson course in economics from the L. von Mises Institute at http://www.mises.org/media.aspx?action=category&ID=89 Completely for free! This is Austrian economics. This is the economics that actually makes you understand the economy, unlike Monetarism.

Sites to visit:
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http://www.europac.net
http://www.mises.org
http://www.freemarketnews.com
http://www.gata.org
http://www.dollarcollapse.com
http://www.goldseek.com (click Radio)
http://www.solari.com

Category:

Education

Tags:

• gold
• conspiracy
• dollar
• credit
• inflation
• FED
• debt
• money
• deficit
• loan
• Morgan
• recession
• depression
• bubble
• Mises
• crisis
• bank
• banking
• Federal Reserve
• currency
• monetarism

[Rico8458]

excellent feedback. The Fed is now the problem. but white house, congress, senate are also the problem. and the american people are the problem because we dont like to suffer pain. only pain can cure us now. we need to get off life support and bite the bullet and pay our bills and stop spending and stop borrowing.

[a2zhandi]

@dviorto I'm american. I'm not fat. I work my ass off 24/7/ 365 days a year.

And furthermore, I DIDN'T borrow the money!!!

Now, you care to take your head out of your ass and apologize?

[Jesseimagemaker]

goldprice . org/ 1700.00 an ounce today 12/9/11 ... 275 an ounce in 1999, blair ??

[SovereignBeing]

@odesk23 Everything is corrupt and controlled and run by programs.. I wouldn't doubt what you are saying for a second! There is even a computer controlling the minds of everyone on earth, it is called the BEAST...

[odesk23]

I got a REAL conspiracy for all of you. One that I PROVE mathematically and scientifically, and it's one of the biggest secrets there is. The FACT that ALL Futures markets are CONTROLLED by a Computer program. They DO NOT trade.period! I'm a scientist and trader and this is a FACT, not a con, not a scam, not a joke, not a whacko, just the REAL TRUTH! Go to my website, google "Oil Trading Academy", then go to the page "Secret Revealed", read that page and get ready for your mind to be boggled.

[deceiver123m]

@ve3tru then you keep your gold and buy the gold the banks put in circulation. Then slowly but surely youll have all that valuable gold. And the dumb banks will have nothing left to do but buy your over-priced gold.

[Rico8458]

i think the government also hires approx 200,000 sociologists on the government payroll, so they know full well what the problems are facing americans today

[a2zhandi]

@Rico8458 Right! And right after the housing bubble, and thousands were being laid off, the government hires 35k workers. And even as we speak, they're hiring average citizens as informants by the thousands!!

They know all hell is about to break loose. And want to know who what and where, the instant it happens.

[w0tm]

@a2zhandi true

[a2zhandi]

@w0tm looking pretty bleek isn't it?