Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin up.
by
miscreanity
on 08/04/2012, 04:02:02 UTC
One interesting development is the legislation at state level, gold silver have become legal tenders in Utah, South Carolina is not far behind.   

I guess one option will be moving to Utah, spend your gold silver as legal tender. No sale, no tax, correct?

Interesting for the element of resistance but still very risky, as you remain in the confines of the federal gov't. It's like doing your banking at an uptown branch of Citi instead of the downtown branch: you're still banking with Citi.

This does have the potential to eventually cause fragmentation among major nation-states, though. Can you imagine a United States without Texas, a Japan without Shikoku, or a China without Taiwan? Oh, wait... Smiley

Mike Maloney on silver manipulation: http://www.youtube.com/watch?v=pB_aZo5emio

Wow - thanks for sharing that. I had to watch it twice because I was distracted by Lauren's legs...

It took me almost 2 years to piece together all of the mechanics and potential consequences, and here everything is presented within 20 minutes! There's literally nothing to add.

And who is JP Morgan "hedging" silver for? Doesn't add up.

Don't be coy Tongue

The US (bank-owned) government, likely in coordination with a number of other (bank-owned) governments and (bank-owned) international organisations. Banks are, after all, the epitome of concentrated power - with governments as their tools of control and manipulation.