“Economic erosion, yes. Monetary depreciation, yes. Recession? Yes. Collapse? Because of the price of gold as a trigger? I don’t see why. Not so far. Gold’s price tells gold bugs the system is rigged. But we believe that without a rising price of gold. For most gold bugs, a falling price of gold testifies to the rigging. They blame the decline on manipulation. The system is rigged irrespective of the price of gold. The price of gold is not proof of the rigging. The existence of central banks is all the evidence anyone should need. Sadly, it isn’t.”
http://teapartyeconomist.com/2013/08/27/golds-price-matter-central-banks/
Related posts:
Taxation and Trading on Foreign Markets
Law professor: Should 3rd Amendment prevent government spying?
The Future of the Web Looks a Lot Like Bitcoin
Are You A Good Candidate For Expatriation?
The Power Elite-Obama Connection
Obama's rogue state tramples over every law it demands others uphold
1971: The Year That Nixon Chose Gold Over Paper
Ron Paul: Middle of the Road in Healthcare Leads to Socialism
Living the Lockdown Life
The Pentagon's Bases of Confusion
What Bitcoin investors are funding?
Sheila Bair’s Bailout Blame Game
Government Bribery and The War on Terror Militarized America’s Police
Detlev Schlichter: Could Bitcoin be the money of the future?
Fifteen Benefits of the War on Drugs