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Contact:
Foundation for Economic Growth,
P.O. Box 10-282,
Wellington, N.Z.
Email
The Foundation for Economic Growth is a group of like-minded individuals who have decided to act rather than accept New Zealand's continuing poor economic performance. The Foundation is not affiliated with any political party. Add Your Comments here.

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Most recent update: Apr 18th, 2014 - 14:02:01

Newsletters : Current Newsletters : 14 April 2014
Thought for the Day

The world is an uncertain place in an uncertain Universe but one thing is certain; Our economies are not evenly rotating entities but are continually changing in uncertain directions - especially if we try to make them bend to our will.

This current episode of fiat currency printing (and otherwise expanding in the back of bank's computers) will end. Fractional Reserve Banking, where ordinary banks create money from nothing, and the back-up saviour known as the Central Bank are showing us just how untenable is the whole artificial money supply system.

These systems have always broken apart in the past and there is nothing changed to indicate that the US dollar is immune from this "Law of Economics". More and more people are coming to this realisation with each passing week. Many are making the prediction that 2014 will be the year of the financial cataclysm.

American politicians are helping.

Obama thought to discipline Iran by turning off SWIFT, the international computer system for sending money around the globe. Now he threatens Russia with the same "punishment". Unfortunately for the Americans the Russians are experienced Chess players and are already thinking many moves ahead in "The New Great Game".

So Russia responds with actions rather than words and implements a money exchange system with China and Iran by swapping gold and oil and other goods instead of first changing everything into US dollars. This approach will spread to other members of the BRICS and thence on to other countries when it suits their purpose.

Perhaps we can now begin to understand why China and Russia have been making such huge efforts to buy gold in recent years. China is promoting the Yuan as an international currency - one that is backed up by lots and lots of gold and the full support of the world's biggest creditor nation. The US dollar is backed by the full faith and debt of the world's biggest debtor who hasn't had a gold audit since 1954 and who has been leasing out lots and lots of gold for decades. It still accounts for that gold as if it resides in their vaults - but it doesn't. It has been sold by Goldman Sachs and J P Morgan.

China, Russia, India and many other countries in the East are buying up this gold and their populations who understand real money when they see it, buy it and save it.

What happens to the US dollar when the flourishing East in the New World Order has all the gold and sends all their unused US dollars back to America? There are trillions of US dollars spread all around the world. They will all head back to America as people begin to spend them to buy REAL Goods and change their paper into gold and silver.

Will this bring disaster to America in 2014?


Apr 14, 2014, 11:29