This video, from the Financial Times is a perfect example of the miseducation, the conditioning, Iíll even say to go so far as brainwashing about gold that has taken place. A lot of things people think they know about gold are completely wrong. The important things you should know about gold are very much unknown to most people. ~Jim Rickards
For the past 100 plus years the Federal Reserve has conducted a campaign against the virtues of gold. First, in 1933 using the Office of the President, they stole our gold through Executive Order 6102.
After this rather unsuccessful effort the real campaign began. Sometime after World War II the word ďgoldĒ was, basically, eliminated from everyday language and conversation. Yes, people in the Western world, still discuss gold when the subject of jewelry is brought up, but people donít really understand gold and why or how it functions as money. Make no mistake about it, gold is money even today. If gold is not money then explain to me why central banks, around the world, including the United States central bank, the privately owned, Federal Reserve stores physical gold and accounts for it, as an asset, on their accounting ledger? The cost of storing gold is no small expense, especially if you are talking about a storage facility like Fort Knox. To be 100% clear, gold is money, period.
Why is gold money? There are plenty of good reasons why gold is money. One of them is: what else could be money? Youíre not going to want something thatís radioactive; youíre not going to want something that dissolves in water; youíre not going to want something thatís impossibly scarce, you want it to be scarce but not too scarce. You donít want a gas thatíll go up in the sky. ~Jim Rickards
China has been promoting the ownership of Silver and Gold to itís Citizens since September 2009. Silver is money and has been used as money longer gold. Why would China encourage their citizens to acquire physical silver and gold? What do the Chinese know that the U.S. does not? Well, both are money and the Chinese government understands the U.S. dollar will not be used outside the United States very much longer. Therefore, the citizens of China are being taught, by their government, to protect their wealth from a currency crisis. What has the United States government taught itís citizens about wealth, savings or a currency crisis? Anyone? Anything?
Weíre Being Herded Into Digital Pens to be Slaughtered with Negative Interest Rates ~Jim Rickards
Letís listen to former President, George W. Bush, teach the people of the United States how to handle money and the economy Ė
Yes, thatís right, the President is teaching us about the economy and how we should ďgo shopping moreĒ. Spend, spend, spend. What ever happened to save, save, save? Anyone remember ďa penny saved is a penny earnedď? We never hear any wisdom about the economy, money or the virtues of saving. You do remember what a virtue is, right?
When I sat down to discuss the economy, gold and global events with Jim Rickards, Agora Financial, we peered behind the curtain to see what China and Russia are doing, individually and collectively.
There is a subject that is so far off the radar by the mainstream media, independent media and, basically any media in the West that Mr. Rickards was somewhat surprised when I ask him about it. The Shanghai Cooperation Organization (SCO) is one of the most important developments in the last fifty years. This plan, which encompasses over 50% of the global population and over 70% of the natural resources on this planet, has been completely overlooked, with few exceptions, for many years.
China and Russia sit at the head of this gigantic organization and the implications for the West are many and far reaching. The monetary infrastructure, that is already in place, has the capacity to make void all Western world banking, financial and economic activity. The strategic alliance the SCO represents has the exact same implications regarding geopolitical situations and war. Look at how Russia developed a plan, executed that plan and was able to cripple ďISISĒ in five months. The United States and itís allies have been unable to accomplish this goal in fifteen years! Thatís a force to be reckoned with. What makes you think the monetary infrastructure that China and Russia have in place canít accomplish the same goal on the ďmonetary battle groundĒ? While we continue ignoring the most significant monetary and strategic developments, in our lifetime, we are only fooling ourselves that tomorrow will function the same as today. Tomorrow is already here, we just havenít awakened to hear the news.
Letís listen in and allow Mr. Rickards to give the details on gold, the SCO and what this means to all of us in the coming years.
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