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Last Updated : 18 February 2010 at 04:00 IST
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Gold-backed currency in New World Order

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Would that the term, New World Order, were not so "loaded'' with connotations of conspiracy. Otherwise, it could be quite useful. Let's look at globalized commerce:

First, there has been a complete rupture between financial services and the real economy; and I don't think one economist has focused on the fact that there has been, nor what it means.

Second, now more than ever before, economics dominates politics. And economic models were perverted to engineer the recent recession in a way that had nothing to do with money, other than to eliminate the Middle Class and cut government and its agencies down to size. It was a bold-faced attempt to seize power, on the back of the new cyber technology, which worked. In the US The Treasury and the Fed; in Germany, the Bundesbank; and in China, the government, acting as figure heads for financial powers that be made ever decision which caused the recession, scripted the way it has played out; and will determine its outcome. Any economist or politician who believes otherwise is delusional.

Even in out little backwater, Canada, the U.S. trained Governor of the Bank of Canada has acted in lock-step with his formed colleagues in the U.S. --- we are awash in subprime; we have a huge debt - public and private; we expanded the money supply far in excess of what the previous Governor would tolerate (having retired he at first spoke out quite intensely in warning, but has been silenced; our (roundly praised) banking system is no different than big banks in the U.S. - they had their balance sheets repaired, get money interest free in exchange for the most toxic assets, and have used the newly minted cash to inflate the TSX, rather than loan to small and medium sized business in the real economy; unemployment has soared; tax revenue has crashed and the government was forced to open a trading window in an attempt to get money to business. No reports on its success or failure; but Monetary Easing for infrastructure projects - oh yes - provided it could be matched by the provinces and completed within too tight a timeline. Through in a Winter Olympics, ironically with no snow, and the masses are happy, even if Parliament has been close (prorogued) almost throughout to prevent uncomfortable questions being asked.

At this point I could proceed through a whole checklist of items, issues and nostrums which I see aired nightly on TV's Cable Channels and daily in major newspapers. I have, I confess, at some point been forced to tune it all out. There have been moments of despair.

To use a very blunt analogy, if a friend shows me a new laser weapon, capable of eliminating a living target, and I accidentally or deliberately kill him, do I shoot him again in exactly the same way hoping to restore him to life? Is that not what we are doing in financial services?

The "mechanics" as I refer to them who brought us recession, including those at a certain bank in NY which has moved its computers into the NYSE, so as to front run incoming orders, think they are doing "God's Work", shouldn't that brings out the people with the one armed jacket. A tiny, relatively powerless group of idiots called "The Family" gets worldwide exposure for trying to sidle up to politicians. They aren't any smarter than economists who argue strategy from the last war, seemingly unaware that there is a new war taking place --- or are some of them, dare I say, paid to distract, organ-grinder's moneys, who think themselves among the elite because of have been once invited to Bilderberg or given a trumped-up Nobel prize.

Let me be clear here - what we have is a confluence of influence and events. Tax exempt "think tanks" by invitation are a great recruiting tool by the elite. Former Presidents Carter and Clinton and our current Prime Minister Harper - think about it - who brought them to the dance to use Brian Mulroney's old expression. Remember him, Reagan's old pal. Now Obama? How did these small bit players suddenly emerge onto the national stage; who funded their campaigns; and why have or will they all leave office as wealthy men.

Pre cyber-power, those questions were easier to answer. The public knew they ran with a certain pack before they were elected. We are all big boys and girls here, so there is nothing new in that. It has only been since U-Tube that I realized (I hope I'm not alone) where the more unlikely among this group were anointed. They were brought to these meetings to see if they had the right stuff, and would co-operate after election. When the time arrived to spring the financial trap, they recruited an innocent into the White House and a true blue believer into the PM's Residence on Sussex Drive.

All either had to do was stay out of the way. Obama, being such an academic, has his head so far in the clouds that they could simply stand him in a corner; and Harper has kept the Parliament tied up in distractions and adjournments to the point that there is no government standing watch, deliberately so. And like the U.S., our media is corporate.

I'm sure the elite, as they call themselves was orgasmic.

There will be no middle class in North America; and we will at some point be joined in and economic and eventual political alliance, just as we now see occurring in Europe. Just as the EU was a regional experiment, and this week they will see if Greece will surrender its national sovereignty to Brussels - linking financial services and political power, in which case the rest of Club Med will have to follow.

So too, the U.S, is pushing deeper into Latin America. They have a culture of oligarchs and no middle class, so at least in the beginning, to grease the skids, we must be positioned strategically so that we mesh. We already have Trilateral status secured, and now it is time to move to a Transamerican economic and later political system, based on the E.U.

Which brings me to Gold. We know that during this transitional period, the wealthy are taking or trying to take physical possession of bullion (bars) in London and NY. We know they have been bribed - given cash in lieu or in addition to bullion in storage to remain silent about how much bullion is there. We also know that some Arab states have moved their bullion to the Vaults in Dubai while China (Taiwan) has moved theirs to vaults near the new airport on the Island. Now we know that there is too much paper gold in circulation if our figures are accurate (above ground).

But an interesting question has been raised recently about whether there might be more gold that originally thought above ground - whether it be Nazi Gold in Swiss Banks of Japanese Gold taken during their per and during WWII escapades all over Asia - especially the Philippines.

Economists and Gold bugs have marvelled for years at how a cartel could keep the price of gold deflated at their convenience. If there had been gold laundered thought London, where 95% is in a pool, it would have been terribly easy to simply release this onto the markets - if there were a surplus very few knew existed. I don't particularly care which army or which government eventually ended up with the plundered goodies, the fact is, that they had a control mechanism, par excellence.

It would have taken considerably more intelligence than I think most of them could claim to have managed the market without a "float" for want of a better term. Yes they could always bribe the elite, using cash and an appeal to their loyalty to the top 2-3% of the population to which they claim affiliation. And with constant inflation in fiat currency, such individuals would have had no difficulty finding a use for the cash.

Last night on the news, I heard one economist pronounce that were we to return to a gold standard, the price of gold would have to be astronomical. I would like to see Shadow Government Statistics assess that claim.

There have also been rumours in recent weeks about the U.S. inflating out of debt, and introducing a new currency with gold backing. This is much more likely if there is surplus gold. Fort Knox has not been audited in over 50 years, and while it is tempting to think they have something to hide, they may or may not. And as unlikely as it would seem, the same is true in London.

If either scenario proved to be the case, i.e. more or less bullion that we thought, due to plunder, what would be the impact in terms of the grand strategy - assuming the corporatists remain in control using cyber technology - and whenever necessary, conventional totalitarian methods to keep things the way they like them?

Anyone who thinks I have been watching too much U-Tube by the way should spend less that $20 and buy a copy of Rockefeller's Memoirs - something in the order of 500 pages. He had the confidence just a few short years ago to lay out his plan for the New World Order, but his makes his pragmatism clear. He understand that there can be consensus about where they want to be, but not necessarily in how they get there, and find that acceptable.

He also sees the potential for all things non-democratic, but, having nothing but contempt for the people we elect, he asks, could an elite do any worse. In a way this goes back to Plato's Republic where a groomed elite runs a society, except in the end, they want it to be the world. And as anyone who has taken Introductory Philosophy will know, there is a case to be made for it. My concern, as I mentioned at the beginning, is tat I doubt we as a specie have evolved sufficiently to successfully implement such a system.

We have not done a great job historically at managing conventional corporations, countries or empires. To be arrogant enough to think we are ready to assume the mantle of managing globally - both financially and politically - is a little too much for me to wrap my head around.

And yet, the technology is here, the corporate entities - banks and other corporations are here. There is a terrible gap in our economic and ethical foundation to allow us to assume such responsibility, so it would seem we have little choice. Ready or not, we must come to grips with a new reality.

In a way, it is like nuclear weaponry. It's creators knew it might take us beyond the limits of acquired wisdom. We would have the ability to destroy the planet. Well, I would suggest that globalization and its twin Corporatism has a similar capacity, as we witnessed recently. And like Chernobyl, we may not be out of the woods yet.

A total economic crash could literally send us back to the dark ages. We have the US, EU and China competing to command. Their visions of the New World order are quite different. Were either economy or currency to crash without the option of support from other Central Banks, things could turn nasty rather quickly. Similarly, if there is more gold, and we can have a gold standard of some sort, there will always be the temptation for one or the other to make a grab for the laurel wreath.

One wild card is the Pentagon. It has obviously take additional prerogatives from the President. Past General have been fired for disagreeing with the White House publicly, and yet top military officers have consistently gone further than MacArthur without consequence. Eisenhower warned of the dangers of the military industrial complex, just as some of the nation's founding fathers warned about banks and fiat money.

In China the military has urged a response to the US being more supportive of Taiwan. And while Obama has consistently stated a withdrawal date from the Middle East, his generals publicly disagree. Historically, this has always resulted in firings. Knowing about the drug running that occurred in Viet Nam, I cannot help but wonder how much of the reluctance of the generals to withdraw is based on drug money - and whether that money is going to private accounts or to support black-ops around the world.

So here were are . We have seen gold try to break through $1100 USDX this week and not quite do it. Economists have provided the most ridiculous arguments to explain the situation - all based in out of date economic theory of one school or another.

The question must be - what is the future of gold given globalization? Did the bribes given the rich imply there was a shortage because of leveraging (paper gold in all its forms) or that there was more and that had to be kept secret as it would be used to support a new currency USD or global at some point based on a gold standard? I confess, I think the elites would want a gold backed currency because it would keep them in control financially and, therefore, politically.

They have no intention of letting stupid politicians blow it for them if they can position themselves in the way they have always wanted. They realize, they will have their hands full in the period of social and political transition, and they don't want to have to worry about currency collapse.

My best guess - there is more gold than we think - and we will soon see a gold-backed currency. What that means is an substantial increase in the price of gold, but not a monstrous one. The currency will be new; the average person will be confused - as when we switched to metric. And government will be in the back seat as the elites run the world using cyber technology. That can be done ethically or requite totalitarian measures, depending on how smart our elites truly are. Fingers crossed.

Courtesy: www.321gold.com
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MCX Light Sweet Crude Oil 19 June 2012 contract was trading at Rs 5241 , up Rs. 233 . What's your view on it?
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