Imagine a fund, so huge that you get problems thinking in numbers as large as this. Imagine the fund being blocked by banks and/or authorities, for the sole purpose of «taking control» of the yearly interest gained by the fund. This is a description of the Wanta funds, that allegedly have been blocked for 15 years plus. Now it seems this may change.
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A possible fraud of eight trillion (eight thousand billion) dollars is right now being uncovered by Wall Street Journal. A journalistic uncovering of a fraud, that if proven true will bring a central US paper back among the very best medias of the word.
UK banks are running away from «the steep cliff of the Eurozone», and have pulled out billions of pounds from the the zone. Fears are really growing. Will we soon see a “Lehman-style” event, connected to a Greek default?
The glorious «above the law» days of the big banks seems to see the end. In a more than interesting move on June 16th., UK minister of finance George Osborne announced a major overhaul of Britain’s banks, approving a separation of their retail and investment businesses to help avoid another global financial crisis. The merge of retail and investment was what started the big mess in the first place.
Money is an illusion, and like all illusions it may instantly disappear. To be able to understand the nature of the money we have today, I have dug into this illusion. What I found was both scary, and promising. Our money today is absolutely nothing more than a mirroring image of the trust in our leaders. Welcome to “The Illusion of Money”.
Even if some websites has talked about it for a long time, few has brought forward the idea that the world will be refinanced after the long awaited financial system has been put in place. This seems like an idea so crazy, so very few believes it. Who has the money for this project? And why should they give them to others? But maybe the world is not exactly what we think it is?
I guess one are allowed to wonder if the big change in the financial and metalsmarket now has started for real? That Kitco, of all big goldtraders now are under serious investigation in Canada, I giuess tells all we need to know to conclude that something special must be going on?
More and more of the world’s elitists admit they want an end to the world’s nations, and the introduction of a world government. What can they do to reach such a goal? I would have «helped»all the countries I could toward the state’s financial precipice. Thus, the goal will resolve itself. But I am of course alone thinking ugly thoughts like this?»
You will find many articles about gold and other valuable metals here on State Of Globe. You will also find that the word gold standard is coming up, again and again. But what makes gold more valuable than almost anything else? How can we build a system of trade and money basically on gold alone?