GOLD FROM HERE

Today's there's much talk about wealth transferring.

When it comes to the subject here's one you might not have of thought about and a quote you should read. It could impact your future more than you'll ever know.

“So much gold has already gone from Western vaults to the Far East – China, India – and the Middle East going back to the 1970s’. We probably don’t understand that this is one of the greatest wealth transfers in history. Relative to the amount of fiat currency in circulation, gold is probably as cheap as it was in 2000 or 2001 – incredibly cheap.”
http://www.mining.com/web/if-china-russia-succeed-in-ditching-the-dollar/

We brought up before how back when gold traded in the $300-$500 range Western central banks were unloading the yellow stuff because one of the reasons at the time it wasn't yielding anything. That's exactly what fiat currencies are yielding today, nothing.

Now the fiat money crowd will most likely toss some juicy epithets your way. They could as they usually do when they get desperate even call you something really ugly like unpatriotic, the way they do those corporations that want to take advantage of legal tax inversions deals.

But patriotism is like love, both give me some thrills, but neither one pays my bills. And neither at some point will fiat money when it packs up and leaves town the way bureaucrats and politicians always do. And by the way, these folks ain't going to pay your bills either.

One of the things the above quote tells you is "incredibly cheap" means fiat money is incredibly expensive. On a purchasing power basis it buys you exactly just about what it's worth, next to nothing.

The Fed understands quite well that the U.S. Treasury and Congress need low rates to finance the country's huge debt burden. Higher interest rates are these folks worst nightmare. So the canard for keeping rate so low for so long has been about recovery.

The Fed's worse nightmare is if it has to push interest rate higher than they want, the federal debt burden will explode and what many don't get is coming off these lows, it wouldn't seemingly take much to double that debt burden.

Last week there was a blurb about all popular Russian websites had to officially register with the Russian government. Gold is a competitor with fiat money. Both yield nothing. In fact, if you figure in inflation and taxes on your CD's, checking and cash you're getting negative returns on your paper. 

So what do you think could happen if gold becomes a serious threat to fiat money? And there's another threat to the U.S. dollar most don't want to talk about and when it does come up gets pooh poohed by MSM, the dollar as the currency of international trade.

Forces are at work to change all that. And if and when that happens--and it appears inevitable--things will get really ugly for  the U.S. currency.

The vested interest crowd and the naysayers are everywhere.

Listen to them at your own peril.
t. man hatter