Article Image Powell Gammill

Letters to the Editor • Media: Television

CNBC (Communist Network for “Centralized” Business and Commerce)

They left out the “Centralized” to deceive you into believing they have fair and balanced commentary and reporting. It is appalling how the voices at CNBC detail the various market mechanisms and responses to every major market reaction to our continued poor U.S. fiscal policy. They do provide much of the truth but they heavily promote one position or the other via the number of times that they repeat the negative or positive points of view. Sadly, many money managers are also encouraged to promote one position or the other, despite the effects it has on their clients.    

As the Dow (off 512 pts) and S&P tank today, gold is reacting as well. Now, barely off it’s all time high of approx. $1683.30 oz. hit today, off just $25.00 or $30.00 at any one monent, the plurality of various commentaries coming out of these folks is repulsively favored “against” gold investment, even though if people would have been invested in gold over the last 5 to 10 years they would be substantially up, as compared to just about every dollar denominated investment. Factor in the real value of the dollar or more importantly how much purchasing power the dollar has lost over that period, there is no comparison as to what investments people should have made. Yet there is still this anti-gold bias from CNBC and most “major” media outlets.  The internet media is of course all over this manipulation.  

Why, it’s pretty simple, The Federal Reserve Banking System of the United States doesn’t like people to invest in gold as everyone in a society with fiat currency and a Central Bank, as we have in the U.S., are beholden to those whom control the Central Banking system. Why, because they control the purse strings through interest rates, the money supply and lending policies and when people by gold they don’t have the same abilities to control these components. They just can’t expand or contract the money supply or raise or lower interest rates at will, because gold has a real intrinsic value, unlike paper money and blips on a computer screen, so they have to buy it rather than just print a piece of paper.  Because gold and silver have real values, interest rates are based on market conditions reflecting real market conditions rather than the guestimates of Central Bankers and the boom and bust cycles they create.  Oh, you didn’t know that the Central Banksters, (why do you think some people call them that), are the ones that actually cause the boom and bust cycles using the money supply. Additionally, government can’t overspend as easily and therefore inflation is kept down or is non-existent as it was when economic policy was not controlled by the Central Bank.

The moral of this essay is to make you aware of the fact, that CNBC appears to be controlled by the Central Banksters and they’re going to try to subconsciously steer you away from gold and silver as a monetary hedge against inflation, which is inevitable with the existing government fiscal policy. Oh, by-the-way, a Central Bank is the 5th Platform of Communism, hence the title of this essay.   


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