I read an interesting article today at King World News. In this article, Jim Rickards claims that China is the sucker at the global gold poker table. I kind of agree with him. While middle east nations are busy selling oil for gold. China are selling their goods for worthless paper. They are stuck with 3 trillion dollars of paper. Nowhere else to go, not enough gold, don’t know what to do and they are completely vulnerable to the United States.

This is a truly enlightening book. It is written in a very convincing, logical, common sense way. 100% pure gold standard may very well be the cure for all the economic ills in this world.

2012 is approaching, people say this could be a big transforming/transcendental year for humanity. I wonder what could it be. Could a monetary revolution to gold/silver standard be part of it?

What Has Government Done to Our Money? and The Case for a 100 Percent Gold Dollar

Gold and silver were beaten down badly yesterday. I couldn't understand it. What was happening? Then today, another huge drop in both gold and silver. What is going on?? Then came the news of gold margin hike. After trading closed Wednesday, CME announced that gold margins will be raised 27% effective close of trading Thursday.

This market is rigged and dangerous. On August 4th, Dow dropped 4.3 percent! When it happened, I couldn't understand why. Wasn't the US debt ceiling issue resolved already? Then came the S&P downgrade announcement the day after on the weekend. The next Monday on August 8th, Dow dropped another 5.55 percent! I guess some people were making serious money shorting the market!

Watched the documentary "Inside Job". Nice film. What I get from the film is:
1, Bankers are not to be trusted.
2, Bankers are the guys who are really in charge.
3, Bankers are greedy and aim to rob people's money.

The possible solution to this? I say, get out of their rigged game, unplug from the MATRIX! Buy gold and silver!