Wednesday 17th August 2005 AD
"A DEBACLE OF EPIC PROPORTIONS"

"We are facing an economic situation that could easily end in a debacle of epic proportions" remarks our esteemed Swiss Banker, Mr. Ferdinand Lips.

Mr. Lips is no slouch when it comes to international finance, banking and gold, having served as co-founder and Managing Director of Rothchild Bank AG, Zurich and latter opening his own bank, Bank Lips, Zurich. While today retired from banking, he continues to be very active in the gold, banking and international financial arenas. 

Entitled "Three Revolutions", Ferdinand Lips keynote presentation from this year's international Gold Anti-Trust Action Committee conference graphically outlines the monumental struggle being waged in today's financial world between ailing government currencies (such as the Euro and US dollar) and that timeless "real money" and standard of value - gold and silver. As Mr. Lips paper clearly implies, this is a war that effects us all; in our modern interconnected world, we have all, in one way or another, become victims of our valueless, enslaving, government/debt issued, inflationary money. 

Lips quickly comes some critical conclusions; 

In the future "there will be no more Federal Reserve, already America's fourth central bank. There were three others before that and the result was always the same - A DISASTER. We have had nearly a hundred years of the FED and that is enough! 

This organization has tragically failed. It was set up to keep the dollar strong and the financial system sound. It was founded by powerful and supposedly very intelligent men. Within a hundred years they have succeeded in running the dollar down to JUST 5 % of its 1913 value. 

The FED has created stock market bubbles. Right now it is creating the biggest housing bubble in history. This may lead to economic collapse. 

The FED must be abolished. After all, its founders were not intelligent but rather STUPID men - or they were devils. It is a tragedy. Not only that: It is the biggest tragedy in world history, even worse than wars. Yes, worse than wars. It made most people poor. It damaged America. It caused wars and then helped to finance them."

"Will there be another world war?" comes Ferdinand's rhetorical question, "there are so many wars already. In the 20th century there have been two world wars, thousands of smaller wars, even gold wars and currency wars. They would never have happened under a gold standard. . . . impossible."

Lips is right, while the FED was not the world's first central bank, it has been without a doubt the most powerful. Over the last 9 decades, its monetary policies have affected every nation of the world - directly or indirectly - every man, woman and child. And where is the FED's monetary accountability? 

Will the end to the FED be the "Debacle of Epic Proportions" referred to? What are the other 9 conclusions reached by our esteemed Swiss Banker? What or our other central banks? What part is China to play in the economy of tomorrow? What of Russia & Europe? 

As Individuals - our job is to equip ourselves with the knowledge that will help us survive and prosper in our changing world. At Daily Dig - our job is to dig up the relevant information that will provide you, our valued readers, with this knowledge.

Best Regards - Philip Judge pjudge@anglofareast.com