“Paulson has successfully orchestrated the rigging of the dollar in collaboration with crony banks like the BIS, ECB, BOJ and BOE (Barclays); and, surprisingly, for the moment, China. The “smart money” — no small part of which are the insiders, the henchmen providing logistical support to the Goldman empire (self-aggrandizing CEOs, etc.) — has long moved into gold (back when the Rothschilds abandoned the London gold fix), Euros and, increasingly, tangible properties lying outside of the sinking-ship America, into high growth regions like Asia and India — and now, increasingly, mineral rich Africa…….This explains the absence of the bond vigilantes. The wealthy have never held their money in the equity casino. Their lifestyles are framed in the triple-A credit markets, taking sustenance from the interest earned on the shoulders of the working man. With interest payments no longer covering the cost of inflation, the Goldman Sachs oligarchy has corralled the wealth and relocated it offshore.”
From Rick Ackerman at Goldseek.

Comment:
Anyone who thinks that the gold price has successfully broken free of manipulation this time round should watch it. When I wrote my investigative piece on Goldman Sachs last year, I too underestimated the grip they had on the system. I thought that the weakness of the subprime market and the problems with the GSEs (Fannie Mae and Freddie Mac) – problems in which Goldman was involved – as well as their own corruption would eventually prove too much. Instead, GS managed to exploit and further extend its government ties. Its alumni are now in charge, not only of the Fed Reserve, US Treasury and other key government positions (including security), but also of 3 of the half dozen biggest banks. The result? GS not only managed to escape really being hit by the subprime mess but to fatten off of it. Not because of financial wizardry. But because of insider connections that get thicker and thicker with each tick of the clock.Moral of the story? Trade gold midterm (if you must) – don’t hold it and forget it (unless you bought it at historic lows). Better yet, forget about gold and try to buy real assets of good quality that generate cash flow.

And help break through the PC fog. It’s not about whether there’s a woman or an African American in the White House. It’s not about gay marriage or gun control. All those are important issues, but right now, quite secondary.

I’m not against being courteous and calling anyone what they want to be called, but the result of falling in line with every part of PC is to keep you thinking that secondary issues are more important than they are. Whether they are for or against guns or gays or babies or birthpills, ALL the major candidates are FOR the present system. Whether it’s Barack or Hillary or Rudy or Fred, there’s still going to be bigger government, more wars, more manipulation of finance.

But don’t give up on the USA just yet. Not while there’s a bloke called Ron Paul around.