It is rare today to meet someone that has any idea of the fraud that exists in the modern monetary, economic and financial world. It is even rarer still to meet someone that, once knowing this truth, goes boldly into the streets proclaiming what they have learned.

article by Philip Judge 2004 (c) copyright 2004 www.anglofareast.com BACK TO THE LIBRARY

THE FRAUD & THE TRUTH

Without question we are living in an age where most often truth and reality is masked by confusion, mis-information and frequently, outright lies and deceit. 

FAULTY FOUNDATIONS 
Our modern global economic and financial infrastructure has been built on the defective foundation of an inflationary, usurious, debt-based monetary system. 

It is a flawed and unsustainable system where wealth and labour are continually depleted by debt. Mal-investment, debt, bankruptcy, impoverishment and massive structural deficits are all part of the modern market environment, which we believe will eventually lead to complete economic and financial chaos. 

CONSTANT TWEAKING 
Today’s monetary system replaced the former relatively more stable, wealth backed international gold standard. The change to our present fiat monetary era was gradual over many decades, brought about by stealth, deception and lies. Due to its fragility, this is a system that continually requires further lies, deception and even treachery to maintain it. 

For example, what is often referred to as “monetary policy adjustment” is actually nothing more than the artificial adjustment to the amount of “usury” that the participants in the economy will pay on their debt-issued-money. 

THE FIAT / FREE MARKET WAR 
Where evil abounds, how much more so does righteousness? In the same way, where slavery prevails, does not also freedom? And where there is debt, is there not also wealth to be found? 

Equally, in the present era of deficits, mal-investment and debt, there continues a monumental struggle with natural market forces. The greater the artificial forces of market manipulation, the more the power of the free market grows. 

Government issued fiat currencies are always at war with the Free Market Money forces of gold & silver. 

In resent years governments, central banks and bullion banks have deceptively mobilised many thousands of tons of gold in a futile effort to artificially lower and manage the gold price, and thereby maintain confidence in their valueless fiat currencies. History seams to indicate that eventually these efforts will fail, as free market forces overwhelm artificial market management. 

KNOWING AND TELLING
It is rare today to meet someone that has any idea of the fraud that exists in the modern monetary, economic and financial world. It is even rarer still to meet someone that, once knowing this truth, goes boldly into the streets proclaiming what they have learned. 

Bill Murphy from the Gold Anti-Trust Action committee (GATA) is one such person. I first had the pleasure to speak with Bill in late 1998 when I interviewed him for an intelligence-briefing article. At that time virtually nobody had heard of the concept that central banks, working together with bullion banks, were leasing gold and selling it short in the market, something that Bill dubbed the “Bullion Carry Trade”. 

For more than 6 years now, Bill has desperately tried to raise awareness, pointing to the fraud and dishonesty of the practice, arguing this “carry trade” has been artificially lowering the gold price by masking the true supply deficit in the market. 

Bill has maintained that the gold price suppression scheme has negatively affected the portfolio of hundreds of thousand of investors, the balance sheet of hundreds of mining companies, and aided the impoverishment of literally millions of people living and working in gold producing countries such as South Africa and some third world countries. 

Flying the world at his own expense, he tried warning mining company executives over the dangers of hedging future gold production, particularly in an increasing gold price environment as we are now in. 

There is the old saying “the truth always has its day”. For years, much of the gold community and the mainstream financial media shunned him, labelling him a “conspiracy theory nut”. But now people are starting to realise that not all is as it should be in the gold and silver markets. Mainstream analysts and commentators are starting to agree with the tireless research and views of GATA. Yes, Bill Murphy is one of a rare breed indeed. 

Don’t miss Bill Murphy in AFBC’s September Teleconference. 

by Philip Judge
2004
(c) copyright 2004
www.anglofareast.com

Mr. Judge has studied
and researched the
precious metals markets
for over a decade.