Armstrong Economics
The story of ABN Amro ceasing delivery of precious metals it had
previously offered to its Dutch clients regarding gold, silver, platinum
and palladium, had been an agreement with Deutsche Bank Netherlands,
who suspended that agreement. The change only impacts those in Holland
and has nothing to do with paper contracts that exist in every futures
market. For every purported “short” position there is matched “long”
position and the spin is those longs would really drive up the price if
the shirts were not there. Crazy logic that assumes such longs are
long-term investors rather than traders and hedgers.
At the root of the cause of this issue is governments demanding
information on any delivery of precious metals. The US has imposed
tracking of all gold in and out of refineries. Governments realize that
the precious metals are the door to the underground economy. They are
doing their best to slam it shut.
Obviously, purchasing precious metals in a situation other
than anonymous cash, leaves a trail for government to follow. Storage
facilities in Europe have thrown out all Americans. If a foreign entity
FAILS to report anything an American does in Europe, its assets are
subject to confiscation in USA. Unless we can attack the tax system,
there will be no hope for liberty to survive.
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