My 'Money & Banking' professor used several devices to clue us into the truth. When we heard him say, "On the other hand....." we knew that reality was going to follow.
And, I might add my college tenure was in the 70s, again before the fraud was so boldly promoted.
My senior Micro class prof told us all the first night that he was a commie and that if we didn't want to learn things from his viewpoint we should withdraw. I destroyed his pet example of the rationale for communism empirically, mathematically and graphically.
Careful. I said pretty much the same thing the other day and got flamed for the truth.
These people that get their economics education from CrackerJack boxes amaze me. I went to college for mine.
Unemployment, if measured like it was in the 1960s, well before it was necessary to manage perception (another conspiracy no doubt), runs actually closer to 23%. By the way, they have also juked the way that inflation is calculated now, too, and it has no relationship to how it was once calculated. Instead of being near zero like the government says, it's hovering around 7%. Anyone that buys groceries will argue with you on that count.
If you're gullible enough to believe the propaganda, there's no telling what you'll swallow.
The run up in prices likely had more benevolent reasons than the suppression that we have seen. With all of the worlds basically puking new money into existence, in an "unmanaged" market the price of gold and silver, just like food, would have to rise.
And since the precious metals have always been the canary in the coal mine barometer, it was in the best interests of the gangbankster cartel to make sure the alarm didn't go off prematurely.
Lastly, with China as a wild card here and the smell of gold backed currency wafting through the air, the gangbanksters may well be losing their grip. But if you don't believe in conspiracy theories then you must somehow be of the mind that those behind the debt based money had everyone's best interests at heart all these years that they have been plundering the people while debasing the value of their money.
All that you have pointed to serves as evidence of the manipulation of the price... When you can simply print money, you can do a great many illegitimate things to shore your situation up.
One look at Chicago tells the tale. Gun Control only benefits tyrants or wannabe tyrants.
Many view it as further preparation for backing the yuan with the metal. The monetary powers have an upcoming decision regarding the yuan and whether it can play in the big leagues. IF the US vetoes that, and many expect such an action, then China may well be moved to up the ante by backing the yuan with gold.
The veiled threat of China's potentially backing the yuan with gold could easily prove to be the catalyst that you have alluded to. One analyst I listened to this morning described the likely worldwide reaction as a grand fireworks demonstration.
Frankly, I hope they do exactly that.
The FED has admitted to causing the CRASH of 1929. How's that for stability? Of course it is more likely their plan and jumping off spot to begin the monetary pollution, which was aided and abetted by Roosevelt's insinuation of Bolshevik theology into America's system of government.
They don't teach much real history today and these younger people largely have minds full of mush.
The dollar has lost 99% of it's purchasing power compared to what specie backed currency would buy when the FED began it's mission of monetary debasement.
Did you get your education at Burger King?
You are one of the more cogent posters here. Some of the others apparently have just arrived from another dimension, which augments my assertion about abject idiots or plants.
Think of the universe of dollars as a pot of soup where the dollars themselves are the liquid, i.e., water. If you the cook continue to add just water to the soup, what happens to that soup?
We both know what is behind the debt money system and how it has enabled the erosion of societies and freedom all across the planet. And it began in the 15th century as mentioned previously. The Rothschilds were behind it. Now many, many others are promoters of the system because they have learned to game it and profit by the plunder of others.
I was responding to the dufus above. I think you may have as well..... But, only an inferior intellect would fail to discern the plot being worked and such information seldom sticks with those with that same inferior intellect.
I have resolved that they are either one of two things: abject idiots or purposeful plants. Pick one.
Specie money was to function as a severely restricting financial set of handcuffs on government. They could never tax the people, save through monetary debauchery with fiat money, sufficiently to run amok like they have since the 1930s. Fiat is the very similar same #$%$ model of monetary debasement sold to the crowned heads of Europe in the 15th century whereupon the number, length and severity of wars began to increase. If you look at American history since the advent of the FED, the same observation can be made. Most would call that a direct correlation.
If there was a problem, the market should have been allowed to perform it's magic. I think that establishing an arbitrary dollar value on the coins was a mistake. Each coin, gold and silver both, should have merely been issued with a specific (and guaranteed) weight. The market would then be able to determine the value relative to all other goods and the "supply problem" oft mentioned with precious metals would be automatically rectified by the pricing mechanism of the market.
When Americans had gold as their money, they were becoming a country of net savers and also becoming capable of their own capital formation, a nagging problem for the banking community. More over, relative to prices of goods available, the purchasing power of gold was trending up thus making saving money a smart thing to do. All of this aided and abetted the notion of rugged individualism and it was indeed taking hold, something that has since been erased by the steadily declining fiat.