Fed, Central Banks Trapped – Gold Foundation of Exter’s Pyramid

Essentially, the price of gold has been kept artificially low and should be well over $2000 per ounce by now. The manipulation game with gold, currencies and the economy in general cannot continue indefinitely and we’ll see that soon. The Fed is running out of tricks.

 

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The future direction of the planet is between the central bank’s counter-party paper Ponzi currency or the independence of real money.

Foresighted central banker John Exter is famous for his classification of risk assets. Using Exter’s Golden Pyramid the riskiest assets are those at the bottom of the pyramid and situated at the top of the apex is gold bullion – independent from the counter-party risk of central banks’ paper and electronic currency.

At the bottom of the wealth asset pyramid are overleveraged paper derivatives estimated to be a magnitude of up to six times the world’s wealth. An example of this is in Germany today where it was recently estimated that Deutsche Bank has a massive 70 trillion dollars worth of exposure to derivatives. Meanwhile, annual GDP in Germany is just 4 trillion dollars.

Warren Buffett warned of these “financial weapons of mass destruction.” Continue reading

Venezuelan leader Hugo Chavez in a coma ‘only kept alive by life support’ after cancer surgery

Should he go, look for his politicized favorite, Nicolas Maduro, to take the helm.

Venezuelan president Hugo Chavez is in an induced coma being kept alive by life support following complications during cancer surgery, it was claimed today.

Sources at the hospital in Cuba where he is being treated told a Spanish newspaper he was showing ‘very weak’ vital signs, adding that doctors could decide to switch off the machines ‘at any moment’. Continue reading