Paper gold does not reflect the actual physical amount of gold out there. Basically, it is selling more contracts for gold that is not there or more contracts on physical gold than it is actually out there. What does this come down to?
The last year or so the stock market up trend has been fueled by “monopoly” money, yes printed U.S dollars from the American Federal Reserve has printed 85 billion U.S dollars a month and injected it into U.S Treasury bonds and the stock market.
See weekly charts below:
You see the economy is not getting better, the U.S controlled mainstream media has been lying to the world. Sooner or later, the printing press for U.S dollar stops, the manipulated stock market will crash big time.
This is a great run down of how banks can get away with manipulation of trillions of dollars. It shows that governments cannot be trusted, governments will protect banks for frauds committed against citizens.
Governments will bail out banks when they screwed up, and also protect high up bank executives from going to jail. This is the two tier justice system we live in, both in Canada and else where in the world, the corrupt rich and wealthy bankers and politicians get special treatment.
The current situation around the world pertaining to the world economy is not good. Some countries around the world are at war and some are experiencing extreme economic hardship.
Educate yourself about what the true wealth and income distribution is in America / United States. The lies that the government controlled media feeds you about the United States is the most equal opportunity , equal income country in the world is just that ….lies.
If so many wealthy people are on the sidelines, concerned more about wealth preservation than taking risk to make some yield. Then the question is who is driving up the stock market?
This video is a great explanation of why oil prices have been rising since the 1970’s. 1971 was when U.S president Nixon took the United States off from the “Gold Standard” which was when the U.S dollar was pegged to gold, and since then the U.S Federal Reserve has been printing U.S dollars like it was going out of style putting America into staggering debt.
Max Keiser discusses why Bitcoin and other crypto currencies like LiteCoin, TerraCoin will challenge both governments and the big banks that controls the world.
