In the meantime, I would point to an article on rense.com entitled: Greed & Vested Interests The Real Terror Threat, and which describes how law enforcement resources are being spent sorting cat litter. What does it have to do with the world economic implosion, would you ask. Everything and nothing. Can't you see that the world is running completely amok?
Russia's Audit Chamber has called for an investigation to ascertain what has happened to 350 tonnes of state-owned palladium that was supposed to be deposited in western banks in the late 1990s, according to Russian sources.
The palladium was valued at $3 billion and could be used in the production of auto-catalysts and jewellery...... What happened to the metal after this point is unknown, although in 1999 there were reports that the central bank had used 300 tonnes of palladium to raise a $3 billion loan......
http://www.platinum.matthey.com/media_room/1117188005.html
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Posted: Sep. 1, 2001
Are We Going the Way of Rome?
..... Cheapened Money
Rome also suffered from the bane of all welfare states-inflation. The massive demands on the government to spend for everything created pressures for the multiplication of money. The Roman coin, the denarius, was cheapened and debased by one emperor after another to help pay for the expensive programs. Once almost pure silver, the denarius by 268 ad was little more than a piece of junk containing only .02 percent silver. American dimes, quarters, and half dollars, incidentally, contained 90 percent silver as recently as 1964; today, they contain no silver at all.
Flooding the economy with all this new and cheapened money had predictable results: prices skyrocketed; savings were eroded, and the people became angry and frustrated. Businessmen were often blamed for the rising prices even as government continued its spendthrift ways.........
From Welfarism to Despotism
Diocletian also ordered that all offices, trades, and professions, in so far as possible, were to be made hereditary. Young men were forced to carry on in the trade of their fathers. There was no escape from this regimentation. The welfare state had become a despotism.
This tyrant left his mark on history in other ways, too. It was during his reign that fully half the men of the Empire were on the government payroll. Not only did he impose across-the-board wage and price controls in relative peacetime, but he also resigned from office, in the year 305. Nearly 17 centuries later, Richard Nixon would become the first American president to impose peacetime wage and price controls and also our first chief executive to resign from office........
http://www.mackinac.org/article.asp?ID=3
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The Financial Endgame Slowly Plays Out – and then…the Sudden Systemic Implosion Which Will Usher in the Brave New World....
........ Amongst the growing plethora of warnings, some erudite some emotional, Mr. Paul Volcker’s commentary in the Washington Post entitled, “The Economy on Thin Ice”, of April 10th, has to be taken very seriously, given the former’s position as Chairman of the Fed from 1979 to 1987, when he was succeeded by Alan Greenspan. Volcker was forced into making very tough economic decisions in 1980, which he did by raising interest rates sharply to cool a vastly overheated market. Volcker acted as the Fed Chairman should, responsibly, and, therefore, like few other market commentators has immense “gravitas” when he flags up major economic issues as he has done. However, the magnitude of the present Fed Chairman’s problems are on a hitherto unimaginable scale. No country, or central bank, has ever attempted an exercise in FIAT money creation of such truly breathtaking proportions before. Moreover, no exercise in FIAT money creation has ever successfully worked over the long-term in any nation where it has been attempted. Before the post WW2 acceptance of the US dollar as a proxy global currency, no country has had the unique opportunity to try such an exercise out on a global scale. Dr Greenspan knows this. So, you may well ask, what on earth is he up to?.... and, equally importantly, why is it being done?
http://news.goldseek.com/CliveMaund/1117202402.php
