RE:RE:RE:RE:China Opens It's Borders To Gold Imports-April 16Th.The irony in all of this just has to make you chuckle.
So first you go back to Nixon or more specifically the US. Sitting on a mountain of gold and kings of the world. When your king of the world you start believing you can walk on water, seems reasonable so turn up those printing presses! The world is filled with idiots and we are kings!
Then the French enter the scene. Are you really going to mess with the french? Seriously they do everything better, you have a door they have french doors, you eat fries they have french fries, you like a girl do you want a kiss hell no give me a french kiss. They knew what was going on and called their bluff and started to redeem their "receipts" (fiat) for gold. The mighty kings almost shet the bed.
What shall we do, they said. So while brainstorming they looked back to when they had confiscated gold. But heck they did it wrong that time because they actually gave people $25 oz. Now in '72 they have become much smarter and people much stupider so ya let's just tell people that their "receipt" for money (gold) is the money! People are so stupid they won't even know the difference and the best part of all is you don't have to pay anything this time! Game on.
Fast forward a few years and you hit '75 and the creation of the conex gggrrrrr comex but that wasn't enough. Let's tell people that we will also create a government body agency that will not protect people but allow the exchange to rob people blind, like a death by a million cuts, gggrrrr mean trades. Heck if they were stupid enough to beleive their "receipt" is now money we can do what ever we want. Let's get a round of high fives, people are idiots! woo hoo! Them little people will never know that the regulators are their for protection, but we think they protect the little guy but they were put there to protect their own interest and protect the likes of the federal reserve, whoops I slipped up again I ment JPM
So now we get years and year and years and years of robberies in plain sight. When people are this stupid don't they deverve it? High five all around now let's go spend our money on something constructive, stripjoint it is! woo hoo make it rain!
Now you have a rigged gold price with a world of idiots, what can go wrong? CHINA! lol Sometimes the best way to get a leg up on the "haves" is to simply do nothing. Just sit back and watch, watch how overtime they convince themselves that what they're actually doing can only be done by them. Why them? because they're smarter than everybody. Let time go by so they can really believe that they are super special and right at that moment when they think they have it all figured out, punch them in the face with 150 tonnes of artificially depressed gold prices.
What will the US do this time around? I don't know but they sure seem eager to build up their position in the south sea.... naw, I'm just sea-ing things :)