In investment circles, a lot is made of commodities--gold, silver, derivatives, oil, etc.--as if the value of these objects were somehow independent of human beings and the labor which delivered them to the marketplace.
In truth, if one of our central societal objectives is to create economic conditions that benefit the vast majority of people, rather than a handful of usurers, then value begins and ends with human labor, and not capital, as is the current thrall.
Commodities would have no value if it were not for human beings. There is no other species that uses a medium of exchange to trade their labor, or the products of their labor.
Yet, time after time, whenever an economic crises looms--invariably as a result of the crimes against humanity perpetrated by the usurers, that is, private control over money creation and the manipulation of currencies and markets to maximize the profit of those few families that control these processes--value accumulated through markets and accounted for in currency is converted into so-called precious metals as a means of preserving said value, while the fruits of the majority's labor is destroyed by the devaluation of currency, through private fiat, usury, and speculation.
In essence, the usurers use gold and silver as hedges when currencies are being destroyed. After this takes place, valued stored in gold and silver can then be moved back into the currency (at multiples of their former value) and used to seize and monopolize the resources of the targeted formerly sovereign state. This notion of so-called "hard money" has been a staple in the banksters' agit-prop for centuries, but it is nothing more than a myth which, when accepted, becomes operationally effective.
Once the usurers have converted their value to precious metals or another currency, they often use speculation and counterfeiting as a means of driving the target currency down in value. The British bankers used this tactic against the Continental Congress' "Continental," paving the way for Hamilton's First Bank of the United States (owned by the British bankers). The same tactic is now being used against Argentina, which got off the IMF's debt slave system about a decade ago. (Notice in the article that the President of the country attributes Argentina's currency issues to ""speculative pressures" by unnamed economic groups and banks."
Unfortunately, there are many economic theorists who do not understand this simple truth: To the folks at the top of the power pyramid, this use of so-called precious metals as hedges is their greatest value. Those who support the use of precious metals as currency, or to back up currency, do not understand:
1. Money is first and foremost a unit of account for the value created by labor.
2. When interest is charged for the use of money, it changes money from a unit of account to a store of value, a commodity, that increases in value at a compound rate over time (which is nothing more than a mathematical trick that does not represent real appreciation), thus devaluing and enslaving labor and, eventually, stealing the fruits of labor.
3. There are not enough precious metals in nature to match the value constantly created by the human race.
4. The commodities markets--including those for gold, silver, derivatives, and oil--are cornered and manipulated by the same small group of usurers that control the (private) creation of money.
5. By eliminating the private creation of money and usury, the value of currency can be stabilized in the long-term and inflation can be eliminated, as we detail here.
For a more detailed discussion of money, interest, and labor, see our previous post here.
However, what is becoming increasing clear--at least among those who actually understand hedging involving currencies and precious metals--is that while gold is being artificially suppressed (to keep it under $2000/oz.), known reserves are moving (primarily) to China, Vietnam, and India, with Brazil and Indonesia sitting on a fair amount as well. This, along with generally bullish economic conditions in these private bank owned and operated public-sector corporations, has made their currencies the most attractive hedge, at least in the short term. Here's an example: a Russian oligarch shifting his accumulated value into Chinese currency and assets.
This movement of gold from West to East does not in any manner threaten the control over the world by the small group of central bankers, because they control the Eastern banks as well. As noted in our previous post, China is not a sovereign nation; if it were, it would not need to go into debt to finance growth.
It's also worth noting the recent murders (the police are calling these "suicides") of four bank executives and a reporter near the top of the currency markets.
Copyright 2014, Robert Bows
> # # #
[We are pleased to announce that our book, 7 Steps to Global Economic and Spiritual Transformation, is now available online at Amazon and at Barnes and Noble.]
No comments:
Post a Comment