Since our "federal reserve notes" have no value unless all countries are forced to buy them at economic gunpoint,
The price of gold has climbed to over US$ 600 an ounce. Many are saying this is because of the pending war with Iran. However, this leap in gold prices has little to do with a real or imagined war with Iran, it has to do with greed.
Remember the Bruce Willis movie, DIE HARD 3, where 'terrorists' stole dump-trucks full of gold from the N.Y. Federal Reserve Bank that belonged to different foreign countries? Think what that gold was doing there in the first place: in 1973 all the OPEC member countries agreed with the USA to sell OPEC oil only for U.S. dollars. This forced every nation in the world to buy U.S. federal reserve 'dollars' in order to purchase OPEC oil for import. They have been exchanging their gold for our otherwise worthless 'dollars' for years, having no other choice in order to import critical oil.
Here it comes
Remember the Bruce Willis movie, DIE HARD 3, where 'terrorists' stole dump-trucks full of gold from the N.Y. Federal Reserve Bank that belonged to different foreign countries? Think what that gold was doing there in the first place: in 1973 all the OPEC member countries agreed with the USA to sell OPEC oil only for U.S. dollars. This forced every nation in the world to buy U.S. federal reserve 'dollars' in order to purchase OPEC oil for import. They have been exchanging their gold for our otherwise worthless 'dollars' for years, having no other choice in order to import critical oil.
Here it comes
