Gold Over $2000, Silver Breaks Out: The Devil's Favorite Money Will Soon Be Forced On Us

Ed.'s note: In this excellent article below, there is a reference to the NSA creating the cryptocurrency bitcoin with likely collaboration with MIT. That is probably correct but also take into consideration the NSA's functions are all subcontracted out to private technology corporations running a criminal syndicate collecting data and personal information on people to exploit and blackmail targets. All of this is being run by private intelligence networks and military psychological cyber warfare to force obedience and compliance. In fact, there is no difference now between civilian and military cyber warfare. Technology has morphed into malevolence under the charade of "benefiting humanity."
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 Source: Real Currencies

August 5, 2020 | by Anthony Migchels

(Left: Silly and entirely useless shiny stuff. How people have suffered for it. And they will suffer a great deal more, hanging on the Cross of Gold that the Viper class is erecting for them.)

Gold has breached an all time high this week, and Silver has been rising with no less than 50% in just two weeks time.

Gold is sitting at $2013 per ounce now. Silver is at exactly $26.

Of course, all this is hardly unexpected. Many have been foreseeing it for years. We've had many false alarms, but it seems pretty clear that we're facing monumental changes, including the transition to some sort of Gold/Crypto standard.

The last time Bullion was this high was Summer 2011. Gold reached $1916 per troy ounce, and Silver was actually in high forties territory. Next the Fed 'panicked', and dowsed specie, together with their Mega Bank buddies, with massive interventions on the futures market. Here's what Paul Craig Roberts had to say about that, at the time.

What the Fed did then, they can do now too, no doubt about it.

But there is a big difference between the Fed's actions of 2008 and today. Back then they infamously doled out $16 Trillion to their friends, $9 Trillion of which they admitted they 'cannot account for'. But most of that money went to patch up Bank balance sheets that got fumigated by the derivative funny stuff. Much of it was used to recapitalize Banks, allowing them to continue their operations, but without these dollars entering the real economy.

Inflation is coming

This time, it's very different. They're outright expanding the money supply that is circulating in the real economy. And massively so.

a) The Fed is buying up all (or at any rate by far most) the Government's treasuries, for instance. Nobody else will buy them, not with interest rates as they are. When the Fed monetizes US debt, this directly increases the actively circulating money supply. When a commercial Bank buys treasuries, they have to sterilize their monetary expansion by attracting deposits on the capital markets. So Fed monetization is directly inflationary, while increasing the National Debt by borrowing from Banks is not.

The National Debt is currently rising with hundreds of billions per month.

b) Asset purchasing. The Fed is pumping newly printed dollars into the Stock Exchange. This money is rapidly reaching Main Street, both speculatively (Hedge Fund thieves buying up everything they can put their greedy hands on), but also pensioners who are allowed to live the good life just a little bit longer still.

c) Cash hand outs to normal people, financed with new Dollars (=inflation), while………

d) ……They're actually completely ravaging the real economy. Real unemployment is anywhere between 20 and 30%. Small business continues to be forcibly closed in large parts of the country, many of them will never reopen. So this amounts to destroying real production, and giving people cash that is not backed by anything. That’s going to be about as inflationary as it gets.

Prices for essentials are guaranteed to start rising. Because of the money printing, and because supply chains are getting hammered in ways we have never seen before in World History.

That's a cute little double whammy if ever we saw one.

Bitcoin is also sky high

It's currently worth $11,045, really very funny stuff. I don't even begrudge Libertarian kids making a few bob on the side, even when they shouldn't speculate, but work for a living.

But how people can seriously believe that BTC is a real 'alternative' to Bankster money totally eludes me.

BTC was designed by the NSA in 1998. The CIA got on board in 2011, with their In-Q-Tel investment arm. Bitcoin has been cornered yonks ago. A few guys are holding by far most of it, keeping supply low, and prices high.

At this rate, BTC's total market capitalization must be around $200 billion. People who think that World Power allows such a feast for just the People have learned absolutely nothing yet. Mega Banks are undoubtedly at the heart of the cartel that has cornered BTC.

BTC is scarce, speculative, it's all about making money with money. It mimics Gold. It's cashless. It's world wide. That's what they want, isn't it?! It's the perfect Bankster unit.

The ONLY solution to Banking is Usury-free economics. Not mindless speculation, hello?!

Meanwhile, blockchain technology is being implemented by many Central Banks and even other corporations. Facebook is looking into floating one. The Bank of England is proposing blockchain like electronic money. Even the BIS is on board.

Trump was powerlessly tweeting about how we don't need BTC, because we have the American Dollar. Well, good luck with that.

It's pretty clear that not long from now, we will be paying with some sort of crypto units, combined with some sort of Gold backing. The coming Gold/Crypto standard will be the last stop before the IMF World Reserve Currency within ten years that Mark Carney announced last year.

All this is entirely managed

The worst part is going to be all the gloating Libertarians. 'We told you so'. Well, no shit, Sherlock.

Anybody with a still somewhat functioning brain saw this coming. And of course that excludes all the other fake Bankster media and their court 'economists'.

But these Austrian Economists will be telling us that 'market discipline' is 'finally exposing fiat money'. This eternal boring crap.

The Bankers have been preparing this for decades. This has always been their plan. They have been constantly switching between Paper and Gold based currencies since at least 1914. Paper to inflate. Gold to deflate. It's the good ol' Inflation vs. Deflation Dialectic.

They own all the Gold, they own all the Bitcoins, they own the coming blockchain based currencies. They have sold a few coins of all sorts to co-opt potential opposition, and they have been wildly successful.

Bullion prices are sitting at exactly the level the Money Power wants them. They will continue to do so, when they rise, rise, rise, in the times ahead.

Meanwhile, I do hope the pensioners have bought a few coins, because if they haven't, they will face what the Soviet pensioners went through in the nineties, and even worse.

Please go to Real Currencies to read the entire article.
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More:

Monetary Reform

Capitalism Is Jewish Usury

Why Bankers love Gold


Related:

Aid to "Badly Managed" States Versus Aid to "Badly Managed" Wall Street Banks

Webinar, Center for Global Justice, "Why Banking Needs to Be Run as a Public Utility"


The cryptocurrency is coming probably along with a universal basic monthly income:

Fed's "Direct Money Transfers" Are Coming: Brainard Says Fed Collaborating With MIT On "Hypothetical" Digital Currency