I was skipping around looking another article on gold/silver and came
across an interesting headline by Russia Today (RT). One would think that a
writer for Russia Today (RT) would have an above average understanding of
gold and possibly have a view of gold that most people in the world do not
know or share. Apparently, in Russia, at least the author of this one
article, is no more educated to gold than the average brain-washed American.
The title of an article that is an exercise in redundancy would read something
like “Man sells all his dirt replaces it with soil” or “Woman
trades in her automobile for a car“. Get the idea? Here’s an actual
headline published by Russia Today (RT)
Iranians changing money for gold ahead of US
sanctions
I would expect most of the western world readers who know nothing about
money, currency, gold or silver to kind of scratch their head and say
something like “Yeah, what’s the problem?” The problem, as most of
you already know is money is gold and nothing else and we just published an
article earlier today to explain exactly this concept, this reality. Gold and
money are one-and-the-same. There is currency, all the attributes of money
with major exception – money is store of value where currency is not. Gold
stores value, while currency is used as a medium of exchange, a unit of account.
Cultures that appreciate, understand and store gold as part of their heritage
are well tuned to these realities. Cultures, primarily western cultures like
the U.S., U.K. and Europe, have been lied to about “money” for the past 100+
years and, therefore, have almost no understanding of how money and currency
work. This is the reason western cultures are so indebted and Eastern
cultures are not.
We have been following along with the Iranians making massive purchases of gold and find it
comforting that people are making plans for a coming storm by acquiring gold
and ditching their currency. This will allow the U.S. to institute whatever
economic sanctions the warmongers wish and the intended economic consequences
will either be 100% avoided or severely weakened. My guess is the economic
impact will be of little consequence to the Iranians unless there is another
blunder by the “masters of the monetary universe” and they decide to use
SWIFT as an economic weapon. This would be a catastrophe if someone decided
to use this option a second time.
As RT reported
The first round of renewed US sanctions will take effect on Tuesday with
the harshest penalties expected in early November. The US will impose a ban
on the country’s automotive sector and metals trading, while further
sanctions will target oil and shipping industries.
The imminent ban has tripled year-on-year demand for the precious metal,
including bars and coins, to about 15 metric tons, according to the latest
report by the World Gold Council. To meet the surging demand Iran’s central
bank had to mint hundreds of thousands of coins, reportedly totaling over 60
tons of gold.
With Iran having until November to prepare for the economic blow all the
smart “paper money” will have already been converted to physical gold, the
metal form of money.
