All the Gold ever extracted is 160,000 tons (in 2009) , The American Debt = 14 Trillion Dollars = 1.8 All the Gold ever extracted in Human History !!! The monetary mass in the US is increasing by 15% a year ! Total gold divided by people in the world gives each of us 23 grams
Receive these posts via email :

Sunday, April 10, 2011

Gold is The only Money says Michael Ruppert

Gold is The only Money says Michael Ruppert , it has alays been since 6000 years ago and people will always turn to gold when the SHTF

gold is money based on the price of crude oil from 1950 to 2010.Money retains is value. Dollars, on the other hand, don't retain their value because Ben Bernanke is printing them like crazy.The US only has about 260 million ounces of gold.

At today's price, that only covers about $260B of debt.

The US national debt is more than $5T foreign debt, $5T domestic debt.

Thus the 260M oz of gold has to be spread over 5T or 10T not 260B.

Thus gold is worth much more than a few thousand dollars.

Going to the gold standard would be a massive transfer of wealth to gold holders and impoverish dollar holders.Nixon took the US off of Bretton Woods to save the last third, which is easy to see would be in the range of 250 million ounces.

Greenspan testified to Congress that the US does not trade in gold's time for people to consider who they are as people and what they value as Americans.

It's time for people to stop identifying themselves by a political party.

it's time for people to prioritize and decide what is most important in their lives

the time to support Ron Pall has passed, and protecting Schiff would be like trolling the internet.

economically, farmers and those who know how to farm will be better off than everyone else.

The USD will soon be the new peso! OLÉ!

Gold and Silver blog