US is desperate to stop the rise in gold prices. Gold is an indicator
of the declining value of the dollar. So the US has got the IMF to
get it to sell its gold reserves hoping to depress gold prices.
But this scam of trying to mask the declining value of the US dollar
won't work for long. Countries and investors already know that
american debt is going to be repaid by watering down the dollar's
value further. There is no other plan to repay the debt.
The baby boomers in the US who are getting ready to retire with their
nest egg in dollars are about to get screwed. Most of them are not
intelligent enough to realise that the ever increasing money supply
will make their govt handouts like pension/social security..etc worth
a lot less. They think the gravy train is on the way.
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Chavez says Venezuela could afford to buy some of IMF's gold reserves
http://tinyurl.com/3zmvk2
