Loading ...i am rushing out the door so this will have to be quick.
1) For a student of history, Armstrong has a selective memory.
2) we need to define how long a “long time is” – yes, all manipulations will eventually fail. How long will our fiat money master be able to kick the can?
Because that is what we are up against.
Proof? How about from their own lips.
“We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it.” – Sir Eddie George, Governor Bank of England 1993-2003
“Gold is the Enemy” – Paul Volker, ex-Chairman of Federal Reserve
“Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake” – Paul Volcker, “Nikkei Weekly” Nov. 15, 2004 (original incident on February 12, 1973
“Central Banks stand ready to lease Gold in increasing quantities should the price rise” Alan Greenspan admitted that Central Banks before the House of Banking Committee 1998
“I feel it is necessary for us, within the Group of Ten and Switzerland, consider ways to regulate the price of gold…” – Jelle Zijlstra, President of the BIS 1981 at the IMF headquarters