October 2, 2012

According to Deutsche Bank analysts Daniel Brebner and Xiao Fu, gold is “not really a commodity at all.” Berbner and Fu explain: “While it is included in the commodities basket it is in fact a medium of exchange and one that is officially recognized (if not publically used as such). We see gold as an officially recognized form of money for one primary reason: it is widely held by most of the world’s larger central banks as a component of reserves.”

Gold is deemed “good money” and fiat currency is represented as “bad money” because the central banking cartels confuse the worth of paper over precious metals to keep the populace in the dark as to currency value to claim a monopoly over worth and circulation as well as hoard precious metals for consumption purposes.

Berbner and Fu further elaborate that: “Fiat currencies physically have no use other than that which is prescribed to them by government and accepted by the public. That fiat currencies cost little to produce is of a secondary concern and we believe, quite irrelevant to the primary purpose.”

This month, the Vatican has announced their support of a new global bank. They have endorsed the UN’s endeavor toward global governance over all fiat currency – as long as they are anointed to participate in the sovereign powers of such an institution. More here http://www.infowars.com/central-bankers-inflate-fiat-while-plans-fo...