Monday, November 08, 2010

HAHAHA. The Corrupt World Bank, Under The Dominion Of The Federal Reserve, Recommends The Global Economy Return To The Gold Standard.

Don’t you find it strange that gold bugs have spent years convincing you of the need to return to the gold monetary standard and now they are now on the same side as the World Bank?  The World Bank is controlled by the United States under the Bretton Woods agreement and is an extension of the Federal Reserve banking cartel.   All of the corruption that we associate with Wall Street is in play at the World Bank, which is a political tool for American financial hegemony around the world.  

As sure as the sun will rise tomorrow, the gold bugs and those who wish to return to the gold standard are leading the world down the path the banksters and corrupt politicians want to go.  The direction now unofficially approved by the status quo.  (An off the record editorial by the World Bank President rather than a policy statement as the U.S. likely tests world reaction before endorsing such a corrupt position.)  And why does the status quo want to go there?  I think it’s quite apparent.  It’s also apparent the gold bugs have sold its true believers a bill of goods.   Rather than understanding monetary economics, they rely on opinions of others who have no idea what they are talking about either.

Now that the backers of the gold standard find themselves in an undefendable position, what excuses shall they make?  How shall they defend an opinion that was and is absolutely horrendous?  Will they proactively attempt to paint this as constructive in an effort to cover their incompetence?  You have NEVER read any supportive statements on here about a return to the gold standard.  To the contrary, you have read many statements that we should not over the years of this blog because we understand money and the how the gold standard is used by the banksters to manipulate and destroy democracy and economic freedom.   Gold bugs don’t understand money.  Or they wouldn’t be gold bugs.

This decision by the World Bank was most assuredly cleared at the highest levels of U.S. government before making this announcement.   The President of the World Bank is nominated by the President of the United States and the United States has voting control over World Bank decisions.   In fact, the President of the World Bank who is throwing up this trial balloon is a former Goldman Sachs executive nominated to this position by George Bush and the former Treasury Secretary and ex Goldman Sachs CEO Hank Paulson.   You remember Hank?  The man who used terror tactics to get TARP approved.  The man who gave Wall Street authority to leverage up their balance sheets.  The man who lobbied Washington to deregulate Wall Street as CEO of Goldman Sachs.

This decision, if approved, would plunge the global economy into an endless depression.   Might that be what Washington wants?  To economically destroy its political and military competition?   And what better way to do it than to use the gold standard given society has been brainwashed into believing this is the answer we have all been waiting for.  No.  In fact, this would lead to endless depression. 

Global volatility dead ahead.

Link here.

posted by TimingLogic at 10:57 AM

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