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Welcome to the New Dark Age

- Hugo Salinas Price - Plata.com

You're right that it's going to be dark if Russian & Chinese leaders prefer unbacked "all they know" as you say, Fiat currencies that they can print boosting their power. But if you follow economist Jim Willie, they are buying Gold & Silver (G & S) because they intend to use it in a new gold trade settlement currency that along with bi-lateral trade agreements will replace the global reserve and Petro dollar. This is what I want to believe - that these leaders love their people and want what's best for them and their countries future that only genuine gold-backed money affords.

If your cynical view that emphasizes selfishness is correct, then the death of the Fed, dollar and G & S manipulation will come at the hands of the building inflation - as it did in 1980. Of course because of the nearly $700 T in global interest rate derivatives, interest rates cannot be raised like in the 1980 G & S stampede - suppressing that massive rally.

Commented 3554 days ago

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Beginning of the headline :The Powers That Be in the US and its allies seem to be committed to keeping the price of gold below $1320US/oz. Is the US control of the price of gold bad for China? It would appear that since China is purchasing large amounts of gold, keeping the price from rising is in the interest of the Chinese. Is the US control of the price of gold bad for Russia? It would appear that Russia has no urgent reason to see a higher price of gold. Is control of the price of gold considered as a damaging policy... Read More

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