We are inundated with statistics, propaganda, know-nothing gurus, and outright lies. All of this is to keep the nation and the world firmly stuck in the Keynesian fog of wealth through debt inflation. What the press has called the global financial crisis is nothing more than the inevitable conclusion of the notion that wealth can be borrowed into existence. That notion does work for those who are granted the privilege of creating the debt. What we euphemistically call creating money out of thin air, or printing money. Note that even the way we criticize Keynesian economics we refer to creating money rather than creating debt.

We are in historic times, watching the destruction of the house of cards built on a foundation of smoke and lies. Our financial institutions are on the brink. Without the support of politicians and propaganda, banks based on paper and digits as well as the derivative institutions that surround and benefit from this Ponzi scheme, would have died years ago. What we recognize as manipulation of the price of gold and silver is necessary to keep the con game going. The US, as a result of possessing the ability to produce the worlds reserve currency, will be the last to fall. The necessary feature of the Keynesian scam is the manipulation of price and destruction of confidence in precious metals. That is why it is the largest of large banks and the ineffective regulation agencies and key government officials all work together to suppress the price of gold and silver.

But the manic efforts to suppress the price of gold and silver are of course subject to the failure of those institutions that work to perform the suppression. Where the honor among banker and political thieves has survived for the better part of a century, when the ship springs a large enough leak, it is every crook for himself.

We now hear the beginning of political and banking dogs sniping at each each other. (I didn’t mean to disparage the honorable dog!) The threat of Fed audits has lead to more bribes and threats of politicians by bankers. The politicians posture to secure their next election by threats to expose and “regulate” the banks is the natural response. If regulation worked, we wouldn’t have ever arrived here in the first place. Each crook embraced the scheme as it was to their benefit, yet each will try to be the first to blame the other if it looks as if the scheme is unraveling. That is where we are today. The bad news is that we, of course, will suffer the effects of the banker/politician slap fight with a faltering global economy. The good news is that the end of effective gold and silver price suppression is underway. No one knows how long it will take or what the ultimate result will be for the financial institutions but if a return to honest money is included in the final result, we will all be better off.