A Moment Of Serenity: Into The Wilderness...
56 minutes ago
This is a pretty clear example of what happens when Keynesian's [Central Bankers] play "paper beats rock."- Here they are openly defending their paper spot prices of $1200 Gold and $17 Silver.If you want to know "why" they play this game, ask a friend in impoverished Greece, or Venezuela today which they' prefer...paper Gold/paper fiat or a chunk of physical Gold?The 20,000 Venezuelan Bolivars are now worth less than $6, so what does their Central Bank do?- Venezuela has turned its new currency vertical in order to hold all the zero's it needs.....Weimar heartily approves (prettily engraved fiat notes make cheerful wallpaper AND can heat your home). [Common Core math quiz: What is the 'new" 500 Bolivar note depicted worth?- $15.00- $ 1.50- $ .15- $ 0.00 it's intrinsic value]
From Theo Spark at 10:54