central banks buy gold, page-46

-- Geiger Counter is onto it --

"So as long as borrowed money remains unproductive real profits will not be generated.
Real profits are required to pay down debt.
If debt is not paid down demand for borrowing decreases as does the velocity of money.

The entire problem is related to the fractional reserve banking system - banks 'lend' you and me money that they don't have - and then charge us interest on it.

By 'lend' - I mean they create ledger entries in their computer datafiles. This is how money is created!

This is also known as usury!

"The lies employed to camouflage the economic decline are legion. President Ronald Reagan included 1.5 million U.S. Army, Navy, Air Force and Marine service personnel with the civilian work force to magically reduce the nation's unemployment rate by 2 percent."

"President Bill Clinton decided that those who had given up looking for work, or those who wanted full-time jobs but could only find part-time employment, were no longer to be counted as unemployed."
"This trick disappeared some 5 million unemployed from the official unemployment rolls. If you work more than 21 hours a week - most low-wage workers at places like Wal-Mart average 28 hours a week - you are counted as employed, although your real wages put you below the poverty line."

"Our actual unemployment rate, when you include those who have stopped looking for work and those who can only find part-time jobs, is not 8.5 percent but 15 percent. A sixth of the country is now effectively unemployed. And we are shedding jobs at a faster rate than in the months after the 1929 crash."

"The consumer price index, used by the government to measure inflation, is meaningless. To keep the official inflation figures low the government has been substituting basic products it once measured to check for inflation with ones that do not rise very much in price."

"This sleight of hand has kept the cost-of-living increases tied to the CPI artificially low. The New York Times consumer reporter, W.P. Dunleavy, wrote that her groceries now cost $587 a month, up from $400 a year earlier.

This is a 40 percent increase.

California economist John Williams, who runs an organization called Shadow Statistics, contends that if Washington still used the CPI measurements applied back in the 1970s, inflation would be 10 percent."

Source: Resist or Become Serfs - by Chris Hedges - 2009

It is a long read - however - it will harden your resolve to continue buying the 'real thing' - precious metals.

cheers