Obviously celebrating..................from Rico

The "wise guys" are obviously celebrating, and maybe celebrating something.

 

How about celebrating that 50 years ago the US debased its silver coinage and turned it into alloy composites with the Coinage Act of 1965?

- What better thing to 'celebrate' by hammering Gold and Silver spot prices like this today, than the removal of the Act of 1792 and 173 years of real money?

 

Why? Because silver was (and still is) a scarce commodity with much demand.

- In LBJ's own words from 1965: "...silver is a scarce material. Our uses of silver are growing...the hard fact is that silver consumption is now more than double silver production each year. So, in the face of this worldwide shortage of silver..."

 

And exactly WHAT has "changed" about that demand-supply dynamic fifty years later?, asks no one.

 

It's an even more sophisticated scam with Gold than it is Silver. Politicians with pens are able to steal much more than a robber with a gun these days.

- On the attached 30 year gold chart, the red box marks the lowest price of Gold circa 2000...about at the peak of the dot.com bubble. The black box marks the highest price of Gold circa 2012...about when the markets "recovered" from the crash of 2008-9.

- Gold (and Silver) is being "manipulated" DOWN in concert with the stock markets being "manipulated" UP to mask the continued absence of any recovery (snicker) and the actual worsening of economies since the crash of 2008-9. You know, the "recovery" we're endlessly told that we have...the one with NO unemployment, NO inflation, NO debt problems, and gawrsh! NO PROBLEMS!

 

Something is obviously VERY wrong, and massive efforts are being made to hide the true extent of the crisis.

- The regime of PRICE CONTROLS (call it QE, ZIRP, or NIRP, or whatever you want) continues to do for Gold and Silver what it is doing for the US and the EU, and has done so very well for Venezuela and Zimbabwe.

 

So, are we 'celebrating' one of those historic moments when the conmen of government put their hands in our pockets? Or when they grabbed our wallets? Or that they have never let go?