The Silver Saga
Posted: Thu Mar 14, 2013 9:47 pmI've seen a few links to this guys site buried in various threads here.
http://www.professorfekete.com/articles.asp
I feel this article is worthy of it's own thread.
Read the end first, hopefully it will motivate you to read the whole thing.
http://www.professorfekete.com/articles ... erSaga.pdf
Conclusion
I have never been a conspiracy theorist. I never joined latter-day crowds crying “stop the
manipulation of the silver and gold price by unlimited short sales!” I know full well that the
present low price of silver is a remnant of the tragic outcome of the Silver Saga that started
some 145 years ago at Appomattox. The prospect of Resumption of specie payments after
the War Between the States created an incredible opportunity for monetary mischief. The
circumstantial evidence is that the opportunity was fully exploited by an international
banking cartel to sabotage the international monetary system. This observation does not
make me a conspiracy theorist. I am offering a detailed plan to find out, some 145 years
after the event, using the method of standard deviations from the means borrowed from
mathematical statistics. We owe it to ourselves to do the necessary research. The world
economy, sagging as it is under the weight of its debt tower and fast depreciating
irredeemable currencies, is clearly on its way to self-destruction. The forcible elimination of,
first, silver and then a hundred years later of gold, from the monetary system removed the
only ultimate extinguishers of debt we have. In consequence, total debt can only grow,
never contract. The process is hidden since the unpaid and unpayable debt is accumulating
as sovereign debt of governments. The world is deluding itself that sovereign debt can
increase indefinitely as governments can extend its maturity indefinitely. In 2008 we had
the wake-up call that it cannot. Unless we stop the proliferation of debt, the world is facing
prolonged deflation, depression, continuing capital destruction, bankruptcies and
unprecedented unemployment. It is leading to a breakdown of law and order. It could spell
the end of our civilization.
http://www.professorfekete.com/articles.asp
I feel this article is worthy of it's own thread.
Read the end first, hopefully it will motivate you to read the whole thing.
http://www.professorfekete.com/articles ... erSaga.pdf
Conclusion
I have never been a conspiracy theorist. I never joined latter-day crowds crying “stop the
manipulation of the silver and gold price by unlimited short sales!” I know full well that the
present low price of silver is a remnant of the tragic outcome of the Silver Saga that started
some 145 years ago at Appomattox. The prospect of Resumption of specie payments after
the War Between the States created an incredible opportunity for monetary mischief. The
circumstantial evidence is that the opportunity was fully exploited by an international
banking cartel to sabotage the international monetary system. This observation does not
make me a conspiracy theorist. I am offering a detailed plan to find out, some 145 years
after the event, using the method of standard deviations from the means borrowed from
mathematical statistics. We owe it to ourselves to do the necessary research. The world
economy, sagging as it is under the weight of its debt tower and fast depreciating
irredeemable currencies, is clearly on its way to self-destruction. The forcible elimination of,
first, silver and then a hundred years later of gold, from the monetary system removed the
only ultimate extinguishers of debt we have. In consequence, total debt can only grow,
never contract. The process is hidden since the unpaid and unpayable debt is accumulating
as sovereign debt of governments. The world is deluding itself that sovereign debt can
increase indefinitely as governments can extend its maturity indefinitely. In 2008 we had
the wake-up call that it cannot. Unless we stop the proliferation of debt, the world is facing
prolonged deflation, depression, continuing capital destruction, bankruptcies and
unprecedented unemployment. It is leading to a breakdown of law and order. It could spell
the end of our civilization.