Friday, September 16, 2011

Austria rations gold, Italy's elites lobby to outlaw notes

Moscow 1983, people queuing up to buy bread
The western economist brags the superiority of free market capitalism by pointing out that rationing only happens in central planning economy such as Soviet Union.

According to capitalist, planners often price products lower than its actual value which creates excessive demands, that can only be counter measured by rationing.

They advocate that free market demand and supply will solve the problem. It was so argued that capitalism will never have rationing. 

Gold rationing the only way to postpone death of financial capitalism. Free market is already dead.

As per the new Austrian policies, individuals who wish to purchase gold will be restricted to purchase only 15000 Euros worth of gold at a time
Meanwhile, in Italy, top industrials and professionals have sent a letter to the government and parliament to ban all cash transactions above 300 Euros, and only permit electronic transfers!

People are kept from the fact that bankers are rich due to the absence of gold standard. The day when currency is backed by gold, 90% of the bankers will either end up begging or queuing for social security.

Purchasing physical bullion in another perspective is selling banker issued fiat currency. Never mind about demand and supply theory, bankers will do whatever to outlaw gold if possible.

Italy go one step ahead. Her elites lobby to outlaw physical notes
Meanwhile in Italy, bankers try lobby to outlaw even physical fiat currency, to ensure that people go through banks at any transactions, so that all monies are being held as bank deposit, instead of leaving the banking system.

This is really an outward sign of problems in banks' liquidity.

Buy gold now.

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