The average American is becoming more aware of the true nature of the economy, yet the gold market is not showing any signs of a mass movement to the ultimate shelter. Posted by James Randolph on June 29, 2011
When old paradigms fail, look to the gold market.
June 29, 2011 – The average American is becoming more aware of the true nature of the economy, yet the gold market is not showing any signs of a mass movement to the ultimate shelter. Equities have experienced unusual volatility, yet they continue on an upward trend. We may realize that the end to all we know is imminent, yet we refuse to accept it.
The world is on the fast track to resurrecting the gold standard because a truly global economy cannot survive in the chaotic atmosphere of fiat currencies. If we cannot back up the greenback with gold, then we are in trouble.
But the Fed has no intention of opening its books to the public. It refuses to provide an accounting for our gold reserves. It is, after all, above all of us. How is it that a private corporation, chartered by the US government, can declare itself above public scrutiny?
We let it happen. When things got tough we expected somebody to fix things – anybody but us. The Fed seized its opportunity and entrenched itself so deeply that it now seems impossible to dig it out. We let it assume power far beyond its charter, trusting the mighty Fed to protect our wealth against all adversaries.
Well, the Fed had other ideas. Our wealth was sapped to fatten the wallets of an elite few. When those elite brought the country to its knees the Fed acted to save not the economy but those who had brought it ruin.
So we continue to feed the beast. But how much longer can they sustain the lie?
The answer to that is clear: as long as the average citizen refuses to acknowledge that the wellbeing of our country outweighs his or her own. Chanting “USA! USA!” does not a patriot make. We need to take a bitter pill as one. We need to give as one. And we need to arise as one and earn our position once again as a true global leader.
Times have changed forever. Old paradigms no longer apply, the reign of the dollar is at an end. There is but one constant by which we can measure the future – the unrelenting upward trend of the gold market.
Senior Staff Writer – Certified Gold Exchange