Recently, the U.S. Congress approved of the International Monetary Fund (IMF) selling 400 metric tons of its gold for around $13 billion. Something’s very fishy here.
For starters, it’s not clear how much gold the IMF has and where it’s located.
Last year, a rationale for the IMF selling its gold was that the IMF should be investing in financial securities with positive yields. But none of these yields could match or even come close to the 400% percent increase in the value of gold over a period of 5 years. So what would be the need for the IMF to sell its gold?
The current rationale is that the IMF will use about $7 billion from the sale of gold to loan money to poor countries. But when international bankers loan money to governments, they largely create it out of nothing. The IMF isn’t seeking to sell its gold to loan money to poor nations or else it could just lend gold to poor nations and let them buy what they need with it.
Since gold has long been considered something of intrinsic worth and bankers prefer to have their money not tied with any commodity, one would expect them to connive and depress the price of gold; bankers would rather have people invest in their stocks scams than in gold. One way to keep the price of gold down would be to make more of it available in the market. But the downside to this option is that a substantial minority of this gold will end up in the hands of non-Jewish individuals not affiliated with banks. Should people demand that money be tied with a commodity, gold would be a logical choice, and then the bankers would have to resort to other measures – such as having the governments under their control confiscate gold – to get this gold.
What the poverty-creating IMF is up to will become clear later. In the meantime, people should beware of demands to return to a gold standard for money. Bankers/Jews have most of the gold and they know how to get most of the rest. A sound monetary policy should be based on the nationalization of the money supply, i.e., preventing bankers from creating money.
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