> Happpy motoring almost for free > Comment by John Moore - November 28, 2008 @ 11:03 pm http://groups.google.com/group/ShadowGovernment/browse_thread/thread/9472698a862018e1?hl=en ----- From: Brian Mattox Sent: Monday, March 02, 2009 1:16 AM Subject: Re: Happpy motoring almost for free I think the suppressed price of gold is a reflection of the need to sell assets to pay leveraged debt. Once that selling is over, I suspect gold will soar. First, I think we have another big leg down in the markets that will take gold lower. I believe we have already entered that leg down. Treasuries have been used as a "safe haven" and, combined with the Fed's interest rates cuts, has pushed interest rates artificially low. I think oil prices have come back down to more reasonable levels due to the fact that the oil crisis was largely an Enron/California-energy-crisis type of fraud. Nations that are rich with gold have no more desire to spend to stave off social unrest than does the U.S. The U.S. is spending vast sums in an attempt to shore up capitalism and protect the super-rich while offering unemployment, homelessness and bankruptcy court to the general public. Social unrest is always met by military, police-state repression, not the selling of gold to help the people. Capitalism is class warfare. Perhaps not all members of the underclass comprehend that reality; but the wealthy-elite certainly do. They may attempt to replace the currency; but it won't be an easy thing to do. If the dollar is replaced at 80% value, it will only serve to further destroy the economy as more debt will go unpaid. This means a further increase in mortgage defaults, further erosion of the banks' balance sheets and a destruction of retail sales. While the wealthy, ruling class is preparing the military for public revolt, they also realize that their is certainly a chance that they could be overthrown in such a revolt, many of today's leaders would be imprisoned and many others would likely be executed. The solution for the ruling class to their desire to roll back the wages and lifestyles of the middle class has always been the slow destruction of the middle class. Introducing a new dollar at a significant reduction in value to a society that is still clinging to middle class status would lead to mass revolt and there is no guarantee that the military would be able to contain it. ------------------------------------------------------------- --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "ShadowGovernment" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/ShadowGovernment -~----------~----~----~----~------~----~------~--~---
