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 :

Tuesday, August 16, 2011

The Case For $20,000oz Gold by Mike Maloney

Mike Maloney : If you know how the world's financial system works you know the game we are playing , and if you do not know the game and the rules we are playing by you are going to get slaughtered , you are going to get slaughtered , ever since the federal reserve was born we have been living under a lie ,The Federal Reserve they are buying bonds directly from treasury this is quantitative easing and that means there is an emergency going on ...says Mike Maloney ....Think about it in terms of Zimbabwe. An ounce of gold would be worth a quintillions of Zimbabwe dollars, but people have hundred trillion Zim dollar notes. You might be thinking of it in terms of the US dollar still having whatever purchasing power it still has. Also, there will be buyers, and gold can be subdivided.

the currency is not created out of thin air, it is created out of OUR DEBT. the more notes of a currency is created the larger the DEBT. the larger the DEBT the larger the pressure on the real economy. the larger the pressure on the real economy the larger the debasement of our standard of living. oligarchy gets money we get DEBT. they get cake we get shit. I am afraid that oligarchy also controls a hug amount of gold. if it's so, then they got us by the balls again.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

No comments:

Post a Comment

Gold and Silver blog