This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Paper-Gold Shell Game Exposed

The problem with the price-suppression of any kind of physical "good" is always the same, one inevitably runs out of inventory as the repressed supply and excessive demand caused by artificially low prices means that buyers will always outnumber sellers.

In the case of the banksters' perennial gold-suppression scheme, their supply-deficit dilemma has caused them to recently focus on one target: the population of India. As the world's most consistently voracious consumers of gold, permanently under-pricing gold has caused a predictable effect. There is a large "gold deficit" in India, as India must import vast quantities of gold each year to satisfy the excessive demand for gold caused by selling it at give-away prices.

As is generally the case, the Corporate Media has totally perverted its own explanation of this scenario. India's large gold-deficit is being called a "current account deficit" -- i.e. a paper deficit. This is absurd on multiple levels.

One aspect I already addressed in a previous commentary : Gold is money. It is defined and treated as "money" in every meaningful way by the bankers themselves. As a matter of the simplest logic, it is impossible to create a "current account deficit" by swapping one form of money for another.

On another level this media lie is even more perverse. Regular readers understand the basic equation of our 21st century financial system: fiat currency = worthless paper . So we have the Western propaganda machine attempting to convince us (and India's government) that India is currently experiencing a "currency crisis" because large quantities of the bankers' worthless paper is leaving the country, and large quantities of valuable gold is entering the country.

Understand that if the U.S. had encountered a similar "problem" 40 years ago that the world would have never abandoned the gold standard. Back then, the U.S. had a real "currency crisis": its national Treasury was being cleaned-out of all its gold. At the (suppressed) price of that time period, all of the world's nations wanted to dump their U.S. dollars and exchange them for gold.

History is unequivocal. A "currency crisis" is when a nation is losing its gold, and getting nothing in return but the bankers' "magic beans." The actual crisis here is for the Western banking cabal, not the nation of India. It is their gold-suppression Ponzi scheme, which is teetering on the verge of collapse.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,677.90 +216.58 1.32%
S&P 500 1,950.82 +23.71 1.23%
NASDAQ 4,452.7920 +69.9450 1.60%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs