Many resources told us that the Hunt brothers once cornered the global silver market in the 1970s. Hunt brothers started buying silver at the price of USD$1.50/oz and drove it up to a record high of USD$50/oz in January 1980. It collapsed to below USD$11/oz two months later. According SafeHaven.com, that is approximately USD$130/oz measured in recent dollar.
Below is the video of “The Real” Hunt brother story by TruthNeverTold. Watch it to see the conspiracy from an alternative perspective.
The following is part 2 of The Real Hunt Brothers Story. [Read more →]
Here are 8 political cartoons I find funny by cartoonist Matt Wuerker which reflects to America’s current financial situation. While the subject of joke is no laughing matter, the comics are to view the crisis from a light hearted perspective.
If you are an Astro subcriber with History Channel (Channel 555), tonight you may want to spare an hour to watch the documentary on the world’s safest safe. Astro is bringing Fort Knox: Secrets Revealed at 8pm tonight via History Channel.
For those who have no clues on Fort Knox, think of it as the world’s safe deposit box, with 147.3 million ounces of gold in it [1].
^ Snippets from History Channel’s Fort Knox: Secrets Revealed
It holds a lot of consipiracy when it comes to the real amount of gold residing in it. Fort Knox has never been auditted and Ron Paul has been pressing the authority over and over again to open up it’s vault for stock checking. He worried that the government has secretly sold off part of the stockpile and replaced it with tungsten bars that are painted gold [2].
^ Radio talk on how gold bars from Fort Knox were actually tungsten bars dipped in a thin layer of gold!
While I myself have yet to watch the documentary, it would be interesting to know the history behind the world’s most secured fort. It may or may not touch on the topic of gold. [Read more →]
Here is a 3 minutes video on current US debt limit from a household point of view. This youtube clip has been watched by over 1 million viewers. It is simple and hillarious. I would recommend you to watch it as well. At the end of the clip, you will understand the current US debt limit situation.
“2. But the business is spurious. The financial market is basically about gambling. Ever since America decided that the market should regulate itself, that there should be less Government, all kinds of unacceptable practices have been allowed. Short selling expanded from shares to commodities to currencies, Banks lend more money than they have and allowed highly leveraged borrowings by hedge funds and currency traders. They indulge in sub-prime loans, securing these imprudent lending by mortgaging and insurance.”
^ Suggesting currency should be pegged to Gold or other Precious Metals
Again, we have it from our ex prime minister, bashing on the current financial mess in Europe and US. Dr. Mahathir has been unfavoured over hedge funds since the beginning. He often bash the practice of “leveraging” as creating money. [Read more →]
