Library:
- What the price of gold is telling us(pdf)
- The End of Dollar Hegemony
- American Duplicity
|
|
|
AMERICAN DUPLICITY
by Rich Caccavale
“It’s
all about sound bites, deluding the people,
pandering to
the lowest common denominator.”
Treasury Secretary
Paul O’Neill
Not since the
Vietnam War has there been such division amongst Americans. Politically,
we are a polarized populous with many people entrenched in either
the liberal or conservative camp. But, neither term presently defines
the myriad views spawned from so many opposing needs and wants.
Economically, the ideology is equally diverse, as the debate continues
between Keynesian and Austrian theorists. In this regard, central
bankers pedal their fiat currency wares to the applause of profligate
politicians and Wall Street brokerages, while worried contrarian
investors scurry to gather nuggets of gold and other hard assets,
in anticipation of an ensuing, bitterly cold, financial winter.
Nothing is apparent or black and white, as the complexity of issues
confounds the deepest of thinkers, and previous certainties are
rendered obscure, morphing to gray, as if by design.
Worrisome, is
that the “gradualism” espoused by the Fabian Society
is having effect. In the comprehensive work from G. Edward Griffin,
“The Creature from Jekyll Island”, he has delineated
how the Fabian Socialist, John Maynard Keynes, dominated the meeting
which launched the plan for the International Monetary Fund (IMF)
and World Bank during the 1944 Bretton Woods Conference. The stated
mission of this meeting was the formation of a worldwide central
bank which could stabilize exchange rates. However, the unannounced
plan was to eliminate the world’s gold exchange standard with
a politically manipulated paper currency, and for the establishment
of world socialism. Griffin explains how the American version of
the Fabians is the Council on Foreign Relations (CFR) and together
with our Federal Reserve; they have worked in concert toward implementing
the Fabian plan for establishing their socialistic new world order.
It is so apropos
that the Fabian’s chose for their crest a wolf in sheep’s
clothing, while their mascot is the turtle to symbolize the gradual
reshaping of the world. Purposeful deception and perseverance are
always effective tools of war. But, unlike the Fabians, our own
Fed and CFR have no such icons to display their real intent. If
they were to consider a mascot, it should be the octopus, so as
to denote how their slimy tentacles are at work everywhere!
And, a piranha for the way they use inflation to strip the flesh
from the bone of savers, the elderly, and entire middle class.
In this connection,
they interfere in both political and economic matters, which explain
why proven fundamentals are being circumvented and replaced with
new era concepts of dubious worth. Appropriately, the Alice in Wonderland
rabbit hole has served as a symbolism for the many market disconnects
which now regularly occur. In addition to equity and housing bubbles,
there are also many counter indications of monetary axioms, and
highly suspicious trading of both gold and treasury bonds. Repeatedly,
we are bombarded with mixed messages such as: debts don’t
matter, derivatives are useful tools, a strong dollar policy, dollar
debasement is good, no signs of inflation, growing concern of deflation,
job numbers are up, layoffs continue, peace loving nation, preventive
war. And, we are expected to make sense of the discord that they
represent. This dichotomy becomes even more blurred as political
and economic rhetoric conceals a hidden agenda and purposely misleads
people to believe that prosperity can be obtained through debt.
Concomitantly,
their brainwashing suggests that you should borrow against your
home and buy whatever it is that you desire. This is purportedly
offset by a sufficient and ever occurring increase in the value
of the home, which will allow you to repeat this process indefinitely.
Live for the day with no regard for tomorrow is a practice evidenced
by both the nation and its people. This highly flawed marketing
scheme has replaced the usual sound dictums for prudence, as Americans
save essentially nothing while their debt soars to record highs.
Moreover, it is through this exact same process of perpetual debt
that the IMF conquers third world nations, which pay only the outrageous
interest without ever impacting the principal. So, can there be
any doubt what our addiction to cheap money and resultant indebtedness
is doing to our independence and self reliance?
In this transition
toward neo fascism and a new world order, it was necessary for us
to lose our greatest protector of freedom, the press. Heretofore
independent, mighty and feared; it now stands by tacit, while completing
its own metamorphosis to being a public relations lackey and good
corporate citizen. This enables the stew of disingenuous information
to be consumed by a non suspecting flock.
And, because it suits the taste of an ideology that they were previously
spoon-fed, it is ingested with sufficient quantity to nourish a
centrally planned development. The fact that our societal leaders
misrepresent themselves, and that the press is no longer on guard,
does not bode well for us as a free civilization. When a republic
accepts propaganda as truth, the road to fascism is an accelerated
bobsled ride! When free market capitalists accept market intervention
and manipulation as a matter of course, then corporate fascism is
already in place! This is a time for Socratic questioning, even
though the political nihilists will characterize it as unpatriotic.
The contradictions
amongst us which need inspection are staggering.
Do we make war because we are imperial militarists, seeking an endless
supply of petroleum for our gluttonous monster truck society, and
bulging military? Or, are we freedom loving liberators dedicated
to improving quality of life and creating democracy in oppressed
third world countries? Was Iraq’s tyranny worse than that
in the Sudan? What value did we place upon Iraq’s strategic
location to Caspian Sea energy reserves, and the need to withdraw
our military base from Saudi Arabia, as they feared their own civil
war? How much emphasis was placed upon our economic recession and
the stimulatory fiscal benefits of war? We have witnessed questionable
reasons for war before, with President Johnson’s Gulf of Tonkin,
and now with President Bush’s claims of weapons of mass destruction.
Our previous response was outrage and civil protest, but now we
have acquiesced with only a smattering of discourse.
Contributing
greatly to our astronomical debt, our tax dollars are continually
incinerated to support this war of dubious need. A consequence of
our debtor ways is that we now stand at the threshold of losing
the US Dollar’s status as the world’s reserve currency.
During the past three years the dollar has declined in value thirty
percent. But, our Treasury Secretary, John Snow, will only say,
“We have a strong dollar policy.” What does that mean?
He is adamant in not explaining any further. There is never further
inquiry to his repeated nebulous retort. But, I suspect that there
will be when oil is priced in euros, and we realize what a great
benefit we enjoyed when the dollar was king. Other nations cry out
that we need to intervene in the dollar’s decline, and the
Treasury Secretary repeatedly claims that there will be no form
of intervention as this administration’s policy is to let
the free market determine the value of the buck. But then, our President,
George Bush, slips during an interview and indicates that the Federal
Reserve has just increased the interest rate one quarter of a percent
to help resist the dollars decline. Which are we to believe? Federal
Reserve Chairman, Alan Greenspan, always sidesteps such questions
and refers them to the Treasury Department, because it is their
domain. And the game of shunning responsibility continues with impervious
stonewalling and doublespeak. Like greased pigs in mud, our leaders
avoid the grip of a question, while enjoying a gluttonous appetite
for more debt.
And, as the currency debasement game of ‘beggar thy neighbor’
escalates, what additional level of obfuscation and official silence
might we victims of diminished purchasing power anticipate? When
did the Treasury and Federal Reserve become covert operations? Why
are we not entitled to know our fiscal fate?
The clandestine
nature of the Fed and Treasury is at its absolute best when it comes
to the manipulation of the price of gold bullion.
This deception has become reasonably well known in financial circles,
but remains obscure to the general public. Our once great nation,
which prides itself upon the transparency of its government, is
the leader of the western world’s central banks in the covert
practice of leasing out the citizens’ gold bullion, which
is supposedly held in reserve. The leased gold is then sold in a
manner commensurate with price fixing, while remaining on record
as an asset, since banks count loans that way. This has an impact
upon the value of the US dollar through an inverse relationship
with the long bond. (This practice was originally implemented by
Treasury Secretary Robert E.
Rubin, and is based upon a theory of Lawrence Summers). This historic
fraud of biblical proportions is always denied; yet, as is the case
of all crimes there is trace evidence left behind. The brilliant
and historic work done by GATA (Gold Anti Trust Action Committee)
has revealed this chicanery, but their efforts to alert the populous
fall upon deaf ears. In the face of overwhelming evidence, corroborated
by official documents; GATA’s continual questions to respective
authorities on this nefarious practice are met with denials of any
such activity and curt refusals to discuss it. When did we, as a
self governing people, come to accept “No Comment”,
as a measure of accountability from our elected and appointed government
officials?
Where within
the laws of our nation does the federal government acquire the right
to violate its own Anti Trust Laws? The Federal Reserve’s
price capping actions, through its Bullion Banks, clearly violates
the intent and spirit of both the Sherman and Clayton Acts!
If it is not felonious behavior, then why won’t they admit
its practice and discuss it? Legal actions by government are not
relegated to the dark silent cellar of denial and confidentiality!
This cartel of financial institutions acts in unison to impact bullion
pricing, and steal from unsuspecting investors with impunity!
How can either the President or Treasury Secretary speak the term
“free market” while leading this fraud? The original
creation of an Exchange Stabilization Fund was solely for the purpose
of preventing a financial crisis, and not as the standard operating
procedure for our entire economic policy! However, it is now apparent
that the ESF and the Working Group on Financial Markets are used
as the everyday tools of a plutocratic government manipulating their
desired end result!
Moreover, where
is the outrage for this swindle? If one is caught with their hand
in the cookie jar, and the cookie jar is Fort Knox, it deserves
an explanation! Your employer would not tolerate “No Comment”
from you, and you would not accept it from your children.
So, why do we acquiesce to such stonewalling by the guardians of
our fate? Why can’t the citizenry have a fair accounting of
their gold bullion reserve? When did such fundamental measurements
of a nation’s economic health become classified information?
Have we not learned anything from our own history and the history
of the world?
In a country with myriad corporate scandals on the order of Enron,
Adelphia, and Global Crossing, which implicated even the auditors
as part of the fraud; is it reasonable to presume matters of a nation’s
fiscal solvency without any accounting? Where is the news coverage
by our guardian, the financial media? When the Russian Central Bank
recently corroborated GATA’s conclusions, and even provided
a translation for the press, our financial media completely ignored
it.
How can a historic break from silence by a central bank about the
activities of these clandestine institutions be shunned by the press?
Can the fact that all media is conglomerate owned and has a corporate
agenda, be the reason for their united lack of interest?
Why is it our elected representatives will implement impeachment
proceedings for a President, who lies to cover up illicit sex, but
will just shrug their shoulders and yawn when our nation’s
entire gold reserve and economic future is at stake?
These issues
of contradictions and duplicity go on and on.
Unfortunately, they are apparent within all aspects of our government.
Does our Food and Drug Administration outlaw less expensive imported
drugs from Canada to protect the health of our citizenry, or are
they adhering to a mandate prescribed by the giant pharmaceutical
industry? What do we have to show for with the billions of dollars
spent by the Department of Homeland Defense besides a child-like,
useless color coding terrorist alert system, and intrusive full
body searches of haggard airline passengers? How can these searches
protect us from terrorist acts, while our boarders and shipyards
remain porous and unchecked? Or, does this personal intrusion portend
both future police conduct and an additional loss of freedom? What
sense does it make that more than twenty thousand non-Mexican illegal
aliens were released after arrest, because there was no detention
facility to house them? Where has this money been spent? A recent
breaking news story revealed misuse of funding by the Transportation
Security Administration, which spent $500,000 for an employee banquet
and gave eighty-eight senior managers bonuses of
$16,477 each. These government spending abuses are flagrant and
out of control!
Should we criticize
Russia’s return to a centralized, authoritarian government,
when our own Executive Branch becomes more powerful and unilateral,
and cloaks itself behind the Patriot Act? Should we believe that
the outsourcing of jobs is a progressive economic sign, and we just
need to acquire different training to assure prosperity?
Or, should we prepare for an economic collapse, because no nation
can survive with ever increasing trade and budget deficits? Should
we believe that our leaders are really concerned with public education
when they cut national funding, and the State of California has
an illiteracy rate on par with some third world nations? Should
we believe what we are told about the attacks of 9/11, when extensive
evidence about demolition charges for building seven and lack of
plane debris at the pentagon indicate something quite different?
A commission reported its findings and the matter was officially
put to rest, but nagging questions remain. When did the public’s
right to know get circumvented with the abusive use of “confidential”,
as more aspects of governing are described as classified under the
auspices of national security?
This prevailing
obscurity must be met with intellectual curiosity and expressed
outrage. More of us must shine a light upon this fog of vagueness
which encompasses our political and economic institutions.
The examples of contradictions are endless and our collective memory
is weak. History does repeat itself. We must devise the means to
obviate governmental falsehoods. In this regard, the internet can
be our salvation. Let the Diogenes amongst us lead the way. The
greatest gift we can share with one another is truth, or at least
its relentless pursuit. Demystify the layers of doublespeak and
deceit with accountability. Question authority often!
This duplicity
is a sad commentary upon our Republic and insult to those who have
sacrificed for our freedom and representation. As Nelson Hultberg
explains in his great book, “Breaking the Demopublican Monopoly,”
people are oblivious and may not listen or unite right now. But,
once the charade of economic falsehood implodes, there will be a
search for new leaders, as people wonder how it happened. That is
when we must be ready with our explanations and solutions, which
would include a gold oriented monetary system, the abolishment of
the Federal Reserve, and the elimination of the Internal Revenue
Service. Imagine the standard of living this nation could be enjoying
without the 1663% inflation that the Federal Reserve has caused
since its inception. Additionally, there would be a balanced budget
because it is only with a fiat currency that money which did not
exist could be appropriated. No more ballooning government payroll,
wasteful pork barrel projects, or unnecessary wars, as checks and
balances would be in place with a precious metal based currency.
Moreover, a simplified flat tax really needs no explanation, as
the benefits to having a level and fair playing field are obvious
to all that don’t cheat through the use of off-shore holdings
and corporate accountants. The collapse of our capitalistic system
is already well underway, and the measures they will employ to keep
their power will surely consist of authoritarian, corporate fascism
led by a central bank. At least that’s what history tells
us it will most probably be. We can not let that happen!
|
|