LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GDP Ain’t What it Used to Be!
By: David Haggith

The Case for Gold Keeps Getting Stronger As Negative Interest Rates Spread
By: Clint Siegner, Money Metals

Precious Metals Update Video: Gold consolidating
By: Ira Epstein

GoldSeek Radio: Gerald Celente and Bill Murphy
By: Chris Waltzek, GoldSeek Radio

SWOT Analysis: Gold Equities Have Room to Run…
By: Frank Holmes, US Funds

Technical Scoop: 200 Years - Gold/Gold Ratio, Precious Metals, equity, bond market updates and more
By: David Chapman

Gold Set to Correct but Internals Remain Bullish
By: Jordan Roy-Byrne CMT, MFTA

The Market Has Gone Nowhere In The Last Twelve Months
By: Avi Gilburt

Precious Metals Update Video: Gold weekly chart shows upside bias
By: Ira Epstein

Here's How to Tell Whether Bond Mania Is Out of Gas
By: Rick Ackerman, Rick's Picks

 
Search

GoldSeek Web

 
Gold and the US Strong Dollar Policy



-- Posted Friday, 5 February 2010 | | Source: GoldSeek.com

By Bix Weir

(excerpt from the Friday Road Trip 2/5/2010)

Let’s end this week with some news about the famed “Strong Dollar Policy”. According to US Treasury Secretary Tim Geithner, he and Robert Rubin created the “The Policy” in his office back in 1995.

“U.S. Treasury Secretary Timothy F. Geithner said he has continued to support the strong dollar policy he helped craft in the Clinton administration when he worked for his predecessor Robert Rubin.

“That particular phrase and commitment of policy was first written in my office at the Treasury Department in 1995,” Geithner said today, when asked about the currency during a Senate Finance Committee hearing.”

http://www.bloomberg.com/apps/news?pid=20601083&sid=axlMH1Xs3s10

But what does the “Strong Dollar Policy” really mean anyway? I assume the end result is a “Strong Dollar” but what is the policy? Why hasn’t it ever been stated? What is used to implement this “policy”?

HERE’S WHAT I THINK GEITHNER AND RUBIN WROTE ON THAT FATEFULL DAY:

The US Strong Dollar Policy

(from the Desk of Robert Rubin & Tim Geithner)

1)        We must maintain the illusion of a strong dollar to keep interest rates low and economic prosperity booming. At the same time we must maximize the global use of our US Dollar as an important economic weapon.

2)        The key focal point of this policy is the total and complete control of both gold and silver as they are the only viable alternatives to the US Dollar as a global reserve currency. We will continue Greenspan’s computer rigging operations which in order to control the physical markets we replaced Ft. Knox Gold with Gold plated Tungsten bars and closed down the Manhattan Project Calutron’s to get our hands on the vast hoard of physical Silver.

3)        We must rig all government data such that we mask all hints of price inflation. This must include rigging all inflation data by changing the weighting of the components. Also we must include the rigging of employment data (birth/death adjustments), manufacturing data, public sentiment data, and all other data related to our economic health.

4)        We must utilize the vast computer market rigging technology available to both the US Government and large Wall Street firms to rig all commodity markets, stock markets and currency markets. Computer programming will be critical to the control of the world’s markets.

5)        We must secure the assistance of the SEC, CFTC, FBI, CIA and other regulatory agencies to both turn a blind eye to the manipulation as well as assist in the removal of any competing factions that may threaten the policy implementation.

6)        We must illicit the help of Wall Street’s Primary Dealers to implement this strategy and conceal the US Government and Federal Reserve involvement in the manipulation of markets. A necessary evil will be that those involved with our official manipulations will significantly profit from the insider knowledge.

7)        We must enlist the help of Harvard Professor Larry Summers to implement his “Behavioral Economics” model to mold the perception of strong global markets thus deceiving the investing and consuming public that everything is wonderful and people are free to spend and live outside of their means.

8)        We must secretly gain control of all financial media avenues to help promote the false policy construct as well as disguise the reality of what is going on behind the scenes.

9)        We must put the right people in the right places in Government agencies to help conceal the false reality as well as further the “Strong Policy” agenda.

10)         The end of fiat currency must happen but we can prolong the inevitable for a considerable amount of time to maximize the benefit to our nation (and those who control it). When this is over the US can literally default on all our debt and return to the Constitutional Gold Standard.

The End

Is this what America really stands for?

Did anyone happen to see what happened on the same day Geithner spouted off about his involvement in the “Strong Dollar Policy”?

Congress Approves $1.9 Trillion Debt-Limit Increase
http://www.businessweek.com/news/2010-02-04/congress-approves-1-9-trillion-increase-in-u-s-debt-limit.html

The Implementation of the Gold Standard is right on target with the US destroying the US dollar right on queue.

From the 1982 Gold Commission Report:

“If reasonable price stability and confidence in our currency are not restored, in the years ahead we believe that those who advocate an immediate return to gold will grow in numbers and political influence.”
http://www.roadtoroota.com/public/117.cfm

We are there!

May the Road you choose be the Right Road.

Bix Weir
RoadtoRoota.com
(To subscriber to the gold conspiracy Road to Roota letters (Click
HERE)


-- Posted Friday, 5 February 2010 | Digg This Article | Source: GoldSeek.com




 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.