Ah yes the Gold rush is over, the Banksters have run out of real, physical gold, but they still can play the naked short paper gold racket!
The gold rush is over for western Governments, Banksters and ETFs, since they underhandedly sold all their gold to suppress prices, a crime perpetrated for the last four decades, since the London Gold Pool collapsed in 1968! ETFs are being shorted by the Banksters and the gold is being looted to meet physical demand!
Banksters have criminally rehypothecated 200x over the same oz of gold in customers’ pooled accounts and looted (stolen) every allocated gold account of their customers, just to meet the demand for real money!
In fact, demand for Real Money is so overwhelming that it lead to such a crisis in the bullion banksters’ fractional bullion racket, where they were close to default because of their criminal, fraudulent racket, that a white house meeting of the top 14 banksters was called.
And the following day on April 12th yet another massive smash started with 400 tons of (naked shorts) gold being dumped to destroy the price; in all over a thousand tons of naked papers shorts, over a year’s production, was dumped over Friday/Monday to get a destruction of $220 in the price of gold.
But of course Banksters, the Government, Fed and BIS are all at the suppression game 24/7 and have been so since 1968 with naked paper shorts.
ABN Amro was the first to admit that they are cleaned out of gold and will not honour their commitment and contractual obligations to its customers!
Successful and prosperous countries all purchase gold by the truckloads, and the ailing, terminally ill countries of the west are idiotically selling their family jewels at artificially suppressed and destroyed prices to the new economic powers of the east.
No more cogent proof of the failed and scurrilous policies of western decision makers than the shift of power to the east with the sale of gold, which is, has and always will be the real choice of money for humanity, bar the Keynesian dunces now calling the shots.
In light of the parlous and desperate situation the US economy finds itself in it is edifying to note that Roubini was an economic advisor to the Government!
Yes Keynesianism is all there is left now in the cupboard of economic wizardry of the ‘intelligentsia’ running the show.
This Keynesianism is akin to taking a dollar from a kid then giving him four quarters back and telling him that he now has more wealth since he’s now in possession of four pieces!
Yep, cutting the pie into ever smaller pieces by printing more and more confetti dollars to chase the same goods is making us all wealthier; we can print ourselves to prosperity, Mr. Keynes!
Roubini deserves the Nobel Prize for Economics for fathoming that the gold bubble has burst, as much as warmongering, drone massacre Obama, and the country destroying EU deserved the Peace Prize!
Being a professor and instilling innocent minds with such wisdoms leaves us no hope for the future, in fact the system is totally rigged in favour of TPTB who are all in the same boat of the Fiat Currency racket based on Fractional Reserve Banking owned by the Bankster/DC cartel, and its ensuing Keynesianism to oblivion.
But the day of reckoning will come and it won’t be pretty; the economy is NOT improving Mr Roubini; all the stats are now completely meaningless, since they’re so perverted and falsified, often by a factor of four or more, that only a complete dunce, or a conniving colluder would proffer them as gospel and make pronunciations based on them!
Humanity must be wrong for choosing gold as their tried and trusted choice as a store of their wealth, and Roubini must be right in deriding humanities’ choice and advocating cutting the same piece of pie into ever smaller pieces and telling the sheeples that they now are wealthier!
Well the jury is in; the terminal decline of western economies desperately and underhandedly suppressing, deriding and selling their gold, and the unrelenting rise of the East and its wholesale buying of the only tried and proven store of wealth over five millennia is a cogent judgment on who’s got the right policies, and who’s reduced to resort to nefarious, obtuse and criminal means in a desperate attempt to keep a dying, iniquitous system afloat!
We’ll send our kids to study in Austria!
