By Chris Rossini
It's funny...governments, central banks, and their media mouthpieces must think they're magicians. They want the public focused on their left hand, while the right hand is working behind the scenes.
Across the board, the media keeps telling Americans that gold is not money, and that it's a bad investment. Supposedly, it's a 'barbarous relic', or just a "pile of rocks".
Gold is so bad, and so unimportant, that the media just can't stop telling us the reasons why. Of course, it's all nonsense, which is why they have to keep refreshing and reiterating the propaganda. Fortunately for us, they're in a futile battle against the truth. No one has ever won that battle.
Many of you will remember when Ron Paul used to grill former Fed Chairman Ben Bernanke. Were those exchanges fun to watch or what?
Fed officials were used to taking softball questions from everyone, and here came Ron Paul with a Nolan Ryan fireball that left them squirming for words.
One particular Ron Paul question sticks out like a sore thumb. Dr. Paul flat out asked Bernanke "Do you think gold is money?" You could tell that Bernanke was caught off guard. He had to pause before answering "No."
With that pause, Dr. Paul smelled blood in the water. He went in for the big one. He asked "Then why do central banks hold it?" Bernanke, again caught off guard, gave the answer that clearly showed he was check-mated. He said: "Well, it's tradition."
It's tradition. Yeah.
Of course, central banks hold gold because it's real money. There's a old saying that says: "He who holds the gold, makes the rules." That saying is as relevant today as ever.
In fact, even when Richard Nixon severed the final ties between the paper dollar and gold in 1971, he made a very clear choice. At that time, the rest of the world was cashing in their dollars in exchange for the gold that those dollars promised them.
The jig was up. Foreigners realized that the U.S. printed way more paper than they could possibly honor. So a run on the gold ensued.
Nixon had to make a choice: 'Do we let everyone give us these pieces of paper and let the gold stores dwindle to nothing? Or do we keep the gold, not honor our commitments, and stick everyone else with the paper?'
Nixon chose the gold!
He stiffed everyone else and their rightful claims to it.
Ever since, everyone has been pretending that U.S. dollars are the real money. However, you can only pretend for so long. How long is still yet to be seen. The fact that the charade has lasted to 2016 is a testament to how powerful propaganda really is.
But as each year passes, more and more people are realizing that something is not right with the Fed and the paper charade that they lead. The genie has been let out of the bottle and there's no jamming it back in.
So what's happening behind the scenes? As the media keeps preaching to Americans to keep their eye on the left hand, what is the right hand doing?
Well, it turns out, central banks are loading up on gold! They're also doing so at an increasingly faster pace.
Here's a good chart provided to us by SchiffGold:
What's going on?
While Americans are being entertained by the pictures (!!) that appear on paper dollars, central banks are stocking up on gold. Why are they stocking up?
Please don't fall for that one.