I did the chores an hour earlier than usual. What a beautiful day. The air is quiet but loaded with expectation. It is like the Earth, itself, is pregnant and ready to burst forth with life. The Juncos have headed North to their breeding grounds. The Robins are no longer flocked together; they have split up in pairs and are finding their nesting spots.
Last night I was wakened by a clap of thunder. I looked at the clock it was a little after 2AM. It was the first thunder I heard this year. It was wonderful.
I ran across an interesting aspect of media control. Remember I wrote about the dumping of 500 tons of gold on the futures market. On the Morning of April 15th, it dominated the financial news. It, clearly, happened. Gold had plunged over $100 an ounce, at the time I blogged, that Morning. It continued to lose, until it lost 9 percent of its value that day.
I was glancing through the paper Thursday, April 18, {Minneapolis STARTRIBUNE} when I ran across an article, on the business page, titled "Gold is not the place to look for a safe haven", written be Lee Schafer. The article reports on the drop in gold and attributes it to a bursting bubble, I guess, it really is not clear what he thinks. He quotes some important people like Warren Buffett. He repeats the opinions of a Reuters blogger, Felix Salmon. It is a fairly lengthy article for a newspaper business section, yet there is no credible information, I could find, and there is no mention of the dumping of gold on the futures market.
Likewise, there is a article in THE WEEK magazine, dtd. April 26, titled, "Why gold is losing its luster" by Peter Cole. He seems to attribute the fall in gold prices to the reduction of global inflation and the improvement in the economy. Again, no mention of the gold dump.
Wow! What kind of disinformation is this. Gold, as a hedge against inflation, is a small part of why people have gold. The biggest reason is that fiat currency has been making them nervous. But why the information management? These are knowledgeable people who know the truth. What is wrong with the truth? Who has power enough to lean on them and keep them from telling the whole story?
Is the government, so worried, about the precariousness of the dollar, that they would attempt to bury the knowledge of the gold dump? Everybody who is Anybody in financial circles knows about the gold dump, so who are they kidding? Is it possible that the average investor hasn't heard of it? I am really not that knowledgeable. I would assume if I know it, every interested person knows it.
It appears to be an effort to keep the average investor from buying gold or, at least, to reassure them that 'everything' is okay and they need not worry about the economy.
It will be interesting to see how they explain the increase in gold this last week, about $100 an ounce.
Well, we will see. It doesn't matter in the long run. We need to rid ourselves of this crazy economy. If it is that fragile, nothing will save it. In any case a crash will be a blessing.
We need to build a 'user friendly economy', one that doesn't make some richer and some poorer. We need an economy that recognizes individual differences without sacrificing equality. Eventually we will evolve to the place where we don't need money at all.
Love and Peace, Gregg
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