The Bank For International Settlements in Basel Switzerland is the central bank of central banks. They have amazingly come up with another cockamamy idea to solve the current global economic crisis. What is this brilliant idea? SDR's or Special Drawing Rights! LOL! They seem to think that they can replace one world reserve currency that is backed by nothing (dollars) with another currency backed by nothing (SDR's)! Well just to let them know up front, it's not going to work! LOL! Once the dollar collapses the last thing people will want is another fiat paper currency. Real money, gold and silver, is based on labor, ideas, and creativity. The world's central banks and the global economy have been bankrupt since September 2008 when Lehman Bros. went bankrupt and the worldwide depression began in 2009. However no one in the main stream media or any economist from academia would dare call it that. Since then all central banks have been doing is printing money. Printing money or Q.E. (quantitative easing), is not the same thing as creating wealth or creating capital. If it were then the Roman Empire would have never collapsed. You need capital for capitalism.

Gold is the center of the financial universe. All other financial markets and products revolve around it. Since August 15, 1971 when Richard Nixon, (tricky Dick), removed the entire world from the gold standard, all we have been doing is constantly refinancing the national, corporate, and individual debt by creating more and more debt. None of the debt that has been created since 1971 has been paid off, just refinanced. That is why gold must be allowed to float against all the other paper currencies and allowed to find its true price through honest free market price discovery. Gold is the only extinguisher of debt. A Federal Reserve Note or a "dollar" is what is called fiat money. Fiat money or "currency", is a promissory note with a promise to pay a debt sometime in the future that never comes. That is because you can't retire or extinguish debt with more debt. Gold is real money. Gold is not a "promise to pay", an ounce of gold in your hand has already paid you. Only real money can extinguish or retire debt. This applies to silver as well however silver gets used up and it is my opinion that silver is more valuable as a Strategic Metal. Get yourself some now before it is too late! Deutsche Bank, the largest European bank already admitted to rigging and manipulating the gold and silver markets. When you manipulate the gold market, since it is the center of the financial universe, you then have the ability to manipulate all the other markets orbiting around it. That is how they were able to manipulate the LIBOR rate as well. The London Interbank Offered Rate is the average of interest rates estimated by each of the leading banks in London that it would be charged were it to borrow from other banks.This is part of the reason the bond markets and currency markets are about to implode. You cannot manipulate the gold market for 45 years and prevent the extinguishing of debt and assume there will be no consequences. The consequences will be earth shattering. All countries and central banks are broke and are simply engaging in a massive incestuous scam of buying each other's worthless debt that isn't even worth the paper it's printed on. As we learned from Voltaire in the 1700's, the dollars days are numbered. When the economy collapses it will happen so fast you won't have time to react. Smart money is already out of the markets. Markets will go "no bid" assuming the computers are still on. Debt is expanding at an exponential rate due to all the "NOT QE" and that is putting pressure on the debt markets (bonds). Gold and silver are your lifeboats on this sinking ship and seats are filling up fast. In future years you will count your wealth in ounces and grams, not dollars or Euro's. Panic first not last!

“Paper money eventually returns to its intrinsic value – zero.” (Voltaire, 1694-1778) Often Rather Quickly

These thoughts are my opinions and should not be construed as financial advice. Do your own research and act accordingly.