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The Phariseeâs Role In Gold And The Dollar Crash
Moderately amusing example of the Arab conspiracy mindset coupled with an impressive ignorance of economics. From Al Jiz & EFLSince Day 911, the US dollar has fallen over 40% as compared to the Euro, the European currency âbasket.â About half of that drop occurred since May 2, 2003, when hostilities in Iraq were reported to have ended. If you were to ask your local bank VP to explain the relationship between gold and the dollar, you could expect a long and confusing answer, ending with something like this: "Nobody knows what will happen in the final analysis." Welcome to free markets 101. if people were sure what was going to happen then it would have already happened. This is the point of markets! Now if Allah were telling you what is going to happen you would have me attention! But the big usury-bankers (internationalists with license to print diluted money out of thin air) who own and run the Federal Reserve anti-bank and its clone anti-banks in world financial centers understand gold very well. You, too, can understand it and so can your l3-year old, if he is bright and willing. Here are a few questions: What do serial wars have to do with gold and the dollar? How is our currency diluted? What does the Federal Reserve System (FED) do? Why didnât CNN or 60 Minutes explain this? Who owns the gold? Vague ideas about supply and demand cut New production [of gold] is dwarfed by one monthâs U.S. federal deficit, which is headed for 500 billion dollars this year alone. To put it another way, there is not much gold compared to the money supply. It is a pea compared to an orange. There are natural gold consumers that buy as a method of savings⊠they have no other choice. Gaza City in occupied Palestine is a very poor place where this writer visited. When you bank in Gaza City, you might wonder if your bank will be there the next morning, and because Gaza Arabs are literal prisoners of the State of Israel, they are forced to use Israeli currency. Interesting point here that the author did not intend, which is that the Israeli Shekel is the currency in Gaza and that because Israel is where the money comes from. Now we get to the interesting bit My Arab friend took me to the gold market in Gaza City, and there I stayed for a few hours, talking to two of the businessmen who make their living converting Shekels—the money used in Gaza—into 22 and 24 karat gold jewelry for people who are fortunate enough to accumulate paper money. The parties negotiate quietly for a few minutes, the buyer discussing the several handcrafted bracelets with his wife. He quietly settled on three bracelets, each about a half ounce, which he paid for with thousand Shekel notes. The young Arab businessman slipped the purchased bracelets onto the arm of his lady where they disappeared under the black sleeve of her garment. They departed, having converted fast-decaying and hated Shekels to wealth that they could carry and that would not decay. The lady looked pleased; there is not much wealth in Gaza, and the familyâs savings account on her arm is safe against dilution; it is portable wealth that requires no banker and that âmoths cannot eat.â The Gaza Arab has real problems. He might have to leave his home or see it destroyed at a moments notice. He is subject to search, and his house could be bulldozed with no recourse available to him. His bank could be blown to bits by a missile. But even if none of these things happen, he knows the Israeli currency loses 20% or more of its value every year. He is a natural gold buyer. In 2003 the Israeli currency strengthened significantly against both the USD and a trade weighted basket of currencies, but hey facts are not an Arab speciality. What about those who think we live in safe and war free countries? With savings accounts returning two percent per year or less, some savers have figured out it is logical to accumulate gold in place of bank deposits, T-bills or CDs. Err! I thought charging interest was punishable by death under Islam. Posted by: phil_b 2004-01-14 |
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