Fake gold bars in Bank of England and Fort Knox
Pakistan Daily
January 15, 2010
It’s one thing to counterfeit a twenty or hundred dollar bill. The amount of financial damage is usually limited to a specific region and only affects dozens of people and thousands of dollars. Secret Service agents quickly notify the banks on how to recognize these phony bills and retail outlets usually have procedures in place (such as special pens to test the paper) to stop their proliferation.
But what about gold? This is the most sacred of all commodities because it is thought to be the most trusted, reliable and valuable means of saving wealth.
A recent discovery — in October of 2009 — has been suppressed by the main stream media but has been circulating among the “big money” brokers and financial kingpins and is just now being revealed to the public. It involves the gold in Fort Knox — the US Treasury gold — that is the equity of our national wealth. In short, millions (with an “m”) of gold bars are fake!
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Gold is a monetized commodity. The yellow metal should not be pressed into monetary service. Any token will do.
ReplyDeleteGold is a commodity and should be used as such. For purposes of wealth, gold could be one of several commodities used to "store value" as the economists love to call it.
But the "store value" function is not a true monetary function of gold. It is the value of an easily stored (and chemically stable) commodity.
The "medium of exchange" function is different. It requires something without intrinsic value, something we love to spend. Paper money or electronic bits do just fine for that purpose.
And to come back to the fake gold: if the metal was considered a commodity that people can trade and save, altering the gold content of a bar would be considered a criminal act, not a state secret...
Gold is a monetized commodity. The yellow metal should not be pressed into monetary service. Any token will do.
ReplyDeleteGold is a commodity and should be used as such. For purposes of wealth, gold could be one of several commodities used to "store value" as the economists love to call it.
But the "store value" function is not a true monetary function of gold. It is the value of an easily stored (and chemically stable) commodity.
The "medium of exchange" function is different. It requires something without intrinsic value, something we love to spend. Paper money or electronic bits do just fine for that purpose.
And to come back to the fake gold: if the metal was considered a commodity that people can trade and save, altering the gold content of a bar would be considered a criminal act, not a state secret...
Thats alot of money rockerfellers got in his vault. Hes got to be a major kingpin in the new world order higherarchy.
ReplyDelete