May 17, 2011
You know a nation is in dire straits when all of the (alleged) gold in Ft. Knox will only cover the deficit spending (not the total spending) for three months.
I saw this promo for the Diane Rehm show on NPR that promised to discuss whether our Treasury gold should be “sold” to reduce debt. It is incredibly inane, and perfect for the NPR crowd who thinks their thought process is more highly evolved than most. If highly evolved means being gullible and easily suckered then yes, they are more highly evolved.
“The U.S. hit its debt limit Monday. As debate continues over whether or not to raise that limit, a variety of proposals and trade-offs are on the table. A small group of economists have suggested selling off U.S. gold assets as one way to lower the debt. Gold prices are at near record highs—around $1500 an ounce. For the U.S., that could mean billions of dollars in bullion. Most economists and lawmakers don't expect the idea to go forward. But the prospect of making money by selling gold intrigues people. Even those with a small amount of gold jewelry or coins. The rising price of gold and how it could impact the budget debate.”
Low and behold when I went to the Diane Rehm website look whose name appears as a guest “expert”:
Guest - Edwin “Ted” Truman
Senior fellow, Peterson Institute for International Economics; former assistant secretary of the US Treasury for International Affairs (December 1998 to January 2001), and former director of the Division of International Finance for the Federal Reserve’s Board of Governors (1977 to 1998).
Pretty easy to see where that discussion was heading, right? It’s Ted Truman to the rescue. The drumbeat for selling Treasury gold is getting louder by the day. That can only mean one thing- they are in deep trouble, and a book squaring is in order. It’s time to convince the public that all the gold that disappeared from Ft. Knox was deliberate, and for a good cause, namely debt relief for a 1st (soon to be 3rd) world nation. You know a nation is in dire straits when all of the (alleged) gold in Ft. Knox will only cover the deficit spending (not the total spending) for three months.
Let’s see, Obama’s new advisor “JPM” Bill Daley channels his inner Hank Paulson and orders a commodity smackdown.
Dominique Strauss-Kahn then goes down, (no puns allowed) and the
new #1 at the IMF will be… you guessed it, a former JPM guy.
It’s all coming together nicely, if not temporarily, for the cartel.
For 2012 Obama’s new campaign slogan should be “Change that you can say is frighteningly unbelievable”.
http://rss.goldtent.net/?p=239190
