Title: The Rothschilds control the (WORLD'S) gold market Source:
[None] URL Source:[None] Published:Jun 8, 2009 Author:goldtothemoon Post Date:2009-06-08 16:01:54 by Itistoolate Keywords:None Views:234 Comments:9
A primer on how the bankers’ policies—and greed—have led us to the brink of disaster
By Pat Shannan.......
“The problem is, you are asking the wrong questions. What you need to ask is, who is buying all this gold. The Federal Reserve Bank buys gold at 10 cents an ounce, so why would they want to push the price to $3,700?”
Gold was at $400 at the time, and the cost of production was $187 to the mining companies. By keeping the price reasonable, Red explained that it also kept the mining companies operating. Hearing the mumblings of disbelief in the audience, Red said, “Oh, you didn’t know that the Fed bought gold for 10 cents an ounce? Well, let me tell you how they do it.”
He then reminded them of something that everyone in that audience already knew: that the Fed printed paper bills—from $1 to $100 denominations. The price of ink and paper was the same—at a cost of 2.5 cents each. So four $100 bills were created at a cost to the Fed of 10 cents, and these could then be traded for one ounce of gold.
“Now, if you had control of this printing press,” Red said, “and could purchase anything you wanted, what would you want more than the gold? Wouldn’t you go after that first?”
A quarter-century later we would ask: “And why would you stop?” It’s the legal tender, stupid."
Exactly. And who controls the Fed? Not the U.S. Feral Government but (Drum Roll Please) - - - the Rothschilds of course. The largest shareholders in the member banks which own the Fed can be traced back, via interlocking directorates, to the Rothschild Families of London and Paris.