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mickeyman
Penny Pincher Member
Canada
243 Posts |
 Posted - 04/02/2008 : 20:50:18
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It looks to me like this is all part of a plan to increase control over commodity prices. The market cheers. The paper pushers want their paper to be the only significant store of wealth. They hate commodities, which they cannot view as wealth, only as an expense. Like all expenses, they need to be kept down.
What worries me is that this foretells in the event that total control of the paper trading market fails to bring down the price of commodities. Unfortunately, all the paper trading in the world cannot conjure up a single ounce of grain, let alone copper or gold. When this manipulation fails, as it ultimately must, what can the next step be except confiscation?
Confiscation by government does not have to involve stealing gold like last time. It can be done by changing the rules. For instance, a rule forbidding exchanges of gold except in the presence of a Federal Marshall or IRS agent, so that the appropriate new sky-high tax can be collected may be as effective as outright confiscation--in this case, confiscate the fiat paper gains when the gold or silver is later sold.
It is true that there will always be an underground barter economy for gold or silver--there is now, and it will likely grow, but the risks and expense of such an economy can be increased by government rulings.
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Not all who wander are lost. |
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COMEX to be under the thumb of the Fed
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