"...You could run the same example with almost any global commodity. And you can do the same exercise with domestic goods – like home prices... or even stocks. The fact is, the world's economy is being hamstrung by the volatility of our paper currency. The sooner it is replaced with real money (gold), the better. The world took a big step in this direction last month, when JPMorgan again decided to accept gold as collateral from hedge funds. (Isn't it amazing JPMorgan didn't accept gold as collateral?)
Now, you may not intuitively understand these concepts. They are complex. You may not ever really get your mind wrapped around the world's monetary system. You might not really understand why gold returning to the banking system via collateral rights is momentous. But I know you can understand in a deep and meaningful way, what's truly happening here...
Do you remember this line from a popular movie made about 15 years ago?
Nobody believed he was real. Nobody ever saw him or knew anybody that ever worked directly for him... That was his power. The greatest trick the Devil ever pulled was convincing the world he didn't exist.
Christopher McQuarrie wrote the line in his Academy Award-winning screenplay, The Usual Suspects (which made Kevin Spacey a star). If you saw the film, you understand the message: The best criminals convince the world that they don't exist.
The Federal Reserve has done..."
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