tirsdag 8. desember 2015

BIG LIES are gold-gilded lies

If we are to believe Wikipedia’s definition of A BIG LIE it is a propaganda technique first coined by the Infamous German dictator Adolf Hitler when he dictated his book Mein Kampf.

A BIG LIE is so enormous that almost nobody can imagine that is it not The Truth. There are quite a few big lies floating like harbingers in the mogul controlled Media Machines. You might have heard that gold is valuable; that the US economy and dollar are safe and sound; that Greece has no money to spend or that the gold buying of the Indian people is hurting India’ s economy. Of course there is some truth in big lies. Gold is valuable because you believe it is valuable. The same goes for the American dollar. The Fed can still  convince us that their paper bills are worth something for someone.

Today’s United States Federal Debt is about $18,815,065,075,000. A sure sign of severe national illness. When the quantitative easing inflation and the debt plague hit the dollar, it is not difficult to guess what will happen to the world’s stock markets. Goodbye pension funds!

Greece has 112,5 tons of gold in stock. However, Greece Central Bank has been coerced by the European Central Bank not to exchange the gold into hard needed cash for hospitals, schools and general upkeep of the country. And why not? Because the European Central Bank believes… I quote: Today’s statement from the European Central Bank (ECB) reasserts the crucial commitment of CBGA signatories to continue the coordination of gold transactions in order to avoid market disturbances. To avoid market disturbances? For whom? The mega-rich who speculate in this commodity?

India. Yes, you might say that it is stupid to put your money into gold, but pretty smart if the population as a whole does not have a dependable bank system. However, Prime Minister Modi (not to be confused with the word “modie”, a little chomper dog which attacks people) then again claims that the millions of gold buyers are the main cause for India’s trade deficit of $ 137 billion in the 2014/15 fiscal year. Yes, gold widen the trade deficit, but Modie might have forgotten that he does spend billions upon billions of dollars on new weapons. I quote from Reuters: India is expected to choose Sikorsky Aircraft’s S-70B Sea Hawk helicopters at a 16-aircraft tender worth over $ 1 billion. US defense sales to India have grown to more than $ 9 billion since 2008.
BIG LIES are difficult to accept as lies because they are "truths" we have lived with our whole lives. The value of gold might not be the biggest of all lies, but there is a nugget of truth in Warren Buffet words of wisdom: Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.

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