Interesting to see that gold continues its rise in the wake of fiat-money expansion by the world’s central banks:
Note that gold smashed the 28-year record just days after the European Central Bank launched its monetary “shock and awe”, showering half a trillion dollars on the banks, with parallel moves by the Fed, the Bank of England and the Swiss. Clearly, a small army of investors is betting – rightly or wrongly – that our debt-bloated democracies are now too decadent to take their punishment. The elites will opt for the easy path of reflation to postpone the day of reckoning.
The banking monopoly is in Fabian’s position, demanding the Earth, plus 5%, demanding interest payments on wealth which never existed.
No one realised that as a whole, the country could never get out of debt until all the coins were repaid, but even then, there were those extra 5 on each 100 which had never been lent out at all. No one but Fabian could see that it was impossible to pay the interest – the extra money had never been issued, therefore someone had to miss out.