Wednesday, October 4, 2017

What the Comex is for gold price manipulation, the World Council now appears to be for gold propaganda

There is plenty of evidence that the Comex, and the scheme of future's based paper markets, was engineered as the means in which the government could control gold prices following the removal of the dollar from the long-standing Gold Standard.  And taking a look at what some consider to be the 'overseer' of the gold industry as well, the World Gold Council is appearing more and more to be a propaganda arm of these policies, especially in their view of the Gold Standard itself.

When you are the go-to “authority”, but disinformation is your modus operandi, there is no doubt why why so many people are so clueless about real money… 
The World Gold Council is promoting their revisionist history The Classical Gold Starndard: 
Let’s take a dive into what the WGC says about it
The Gold Standard was a system under which nearly all countries fixed the value of their currencies in terms of a specified amount of gold, or linked their currency to that of a country which did so. Domestic currencies were freely convertible into gold at the fixed price and there was no restriction on the import or export of gold. Gold coins circulated as domestic currency alongside coins of other metals and notes, with the composition varying by country. As each currency was fixed in terms of gold, exchange rates between participating currencies were also fixed.
Central banks had two overriding monetary policy functions under the classical Gold Standard: 
  1. Maintaining convertibility of fiat currency into gold at the fixed price and defending the exchange rate.  
  2. Speeding up the adjustment process to a balance of payments imbalance, although this was often violated.
We can go ahead and stop there for a moment. First of all, it is not fair to say they fixed the value in terms of a specified amount of gold. It is more than that. In fact, it’s what the U.S. Constitution in Article 1 section 8 refers to as “weights and balances”:
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; 
You see, it is not just to say that $10 is convertible to about a half ounce of gold. 
Actually, the $10 is gold, and a very specific amount (Coinage Act of 1792)
Eagles—each to be of the value of ten dollars or units, and to contain two hundred fort-seven grains and four eighths of a grain of pure, or two hundred and seventy grains of standard gold. Half eagles—each to be of the value of five dollars, and to contain one hundred and twenty three grains and six eights of a grain of pure, or one hundred and thirty five grains of standard gold. 
Furthermore, willfully omitted is the silver standard that existed along side and circulated within the citizenry, but the point here is that the U.S. Constitution calls for both gold and silver as money. Rightfully slow. 
Back to the WGC, when they say that currency notes circulated, that is a disinformation tactic as well. The $10 note below was from the U.S. Treasury in 1907, and it was payable immediately “upon demand” with a $10 Gold Eagle: 
As for the central banks having “over-riding authority”, well, that is kind of hard to do. There was not even a central bank in the United States for all of the years mentioned they by the WGC except for one year – 1914. 
The WGC Continues: 
The classical Gold Standard existed from the 1870s to the outbreak of the First World War in 1914. In the first part of the 19th century, once the turbulence caused by the Napoleonic Wars had subsided, money consisted of either specie (gold, silver or copper coins) or of specie-backed bank issue notes. However, originally only the UK and some of its colonies were on a Gold Standard, joined by Portugal in 1854. Other countries were usually on a silver or, in some cases, a bimetallic standard. 
No way to say the second bolded section of that paragraph other than a bold-faced lie.
Under the Gold Standard, a country’s money supply was linked to gold. The necessity of being able to convert fiat money into gold on demand strictly limited the amount of fiat money in circulation to a multiple of the central banks’ gold reserves. Most countries had legal minimum ratios of gold to notes/currency issued or other similar limits. 
Wrong. The money was gold. And silver. Legal minimum ratios? How about exact weights and measures. 
Promoting disinformation and anchoring a page of deception and bold-faced lies is one of the reasons that the world is so confused about gold (and silver). - Silver Doctors
Like the Bill of Rights being a document which was supposed to limit the power and authority of the central government, the gold standard was meant to enforce the fiscal responsibility of government officials.  But like with most politicians, rights and laws are simply things to be broken when they no longer are convenient in their desires for power, theft, and corruption that is intrinsic over time in almost all government institutions.


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