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5.30.2010


Central Banker's Dream - (n) the unlimited expansion of fiat currency and credit without the disastrous effects of price inflation or a loss of confidence in the paper currency itself.

Why would the government want to suppress the price of gold and silver?

Gold and silver are real money.
Gold and silver are competitors to paper fiat currencies the world over.
Gold and silver values tend to inversely reflect the public's confidence in paper currency.
When central bankers abuse their fiat currencies and credit supplies (like they have been and are currently doing), the inevitable results are a loss of confidence in both fiat currency and in its purchasing power. When the prices of gold and silver are high, it reflects poorly on central banks, interest rates rise, and it becomes extremely difficult for governments to finance expenditures via deficit spending. Read More