It is just amazing that there are fanatics who somehow see gold as the exception to everything as if it were some mystical thing and not an investment, hedge or market at all. They portray me with such hatred even claiming I do manipulate the world economy because I said gold would pause and that is why it has done so. Then they portray me as turning my back on them simply because I do not say it will rise every day.
Then they take credit for everything including defeating the government. To set the record straight, it was Congress that got me out of the hole. They ordered an investigation. As soon as that was done, I was released. There were people who have used my name to gather as much money as possible. I had one friend sent several thousand dollars thinking it was somehow for my benefit when it was not. I was not writing for anyone to make money pretending they needed cash to keep it going.
Anyone who does not say gold must go up every day becomes somehow a traitor. Gold is a market. Not a religion. This is about survival. Not about punishing the world. It was members of the House Financial Services Committee that ordered an investigation. It was the Supreme Court that ordered the government to explain what I was in prison for. They panicked & released me. They then passed a law that made it legal to imprison anyone for life, denied counsel or trial. I was released because if they lost before the Supreme Court, they lost that power. It was better to release me and pass a law so they can throw anyone in prison for life now with out a trial. They need no proof. Only allegations. They can now say anything. You have no right to confront your accusers.
It was the trial of Sir Walter Raleigh on November 17, 1603 where the King produced a confession written by a man he threatened and that was used in trial to kill Raleigh who was denied the right to even question his accuser. Raleigh was put to death and his trial was a sham. They took the lawyers away from Princeton Economics, appointed Alan Cohen of Goldman Sachs, and denied the right to put on any defense whatsoever. There were 240 employees denied all their rights to defend. They could not deal with the simple fact that we bought portfolios and were never managing their money.So when you cannot go to trial, you eliminate the right to one. The Constitution is dead. They have killed it in every aspect.
Thanks to Lindsey Graham you have no right to a lawyer or to a trial. Why did he champion that? The rumor was he is an alleged closet homosexual and he would be exposed if he did not eliminate the right to lawyers and a public trial. What was done to Raleigh can be done to anyone now.
Then there is Charles B. Rangel who gets caught not remembering to pay his taxes and strangely then introduces tax bills to prosecute more people for doing what he did. Curious coincidence?
Look at every Draconian bill introduced in Congress and you will see someone with something to hide introducing it. Conspiracy? Of course not. Only the government prosecutes conspiracy since it requires no proof of actually doing anything, just the thought of doing so. Next comes attempt to commit a crime that requires a physical act, and then actually committing the crime. Naturally, anyone who argues the government is conspiring against the people must be some insane nut with a conspiracy theory for government is the only group that has such credibility in these matters and is ABOVE all such nonsense for they FEEL your pain!
I respect what everyone did on my behalf and wrote to me. For that reason, I have continued to write for FREE. I am not going to tell people to always buy because it is some religion. The Japanese did that and look what happened. They never sold and got a Long Depression that will be 23 years come 2013. The Japanese lost everything with the policy of only buy and never sell. Stock brokers said the same nonsense during the Great Depression. Always buy, never sell. Average in because it will eventually go up. They have no explanation why gold declined for 19 years when money was still fiat. They hate real analysis that selling the high allows you to buy more on the lows. To ever sell is just a traitor not a real investor or trader. Absurd!
I will never forget the support I have received. I will not betray that support by putting out one-sided bullshit. That is propaganda and the government specializes in that. As for the nonsense that somehow I have “forgotten the crowd that got him out of prison” or that I am “determined to walk the halls of ivy again, doing anything necessary to make that happen. Part of that is not having a history of being rescued by the “Gold Bugs,” which he was.” To say I look “down” from “high circles” is rather dramatic. Because I wrote to Reagan in 1985 when they were forming the G5 (Plaza Accord) and warned that they would force a crash in 2 years because they were devaluing the dollar by 40% and they did not listen, then ever since they have come to realize that I cannot be bought and will always tell it like it is. That is why governments call on me because they know I will always say what is real.
The Goldbugs have to stop this nonsense. I will never bullshit the people. Someone has to say the truth. I refuse to accept any money from government ever! Strings are always attached. Someone has to stand up for when things get really bad in a few years, there has to be some voice that is heard other than those with hands out for another TARP program that lines pockets of the banking speculators with other people’s money and does nothing for the nation as a whole.
I do not cherish the position I am in. Nor did I ever seek it. You cannot plan your life in such precision. I have been forced to drink from this cup. It is not my choice. So stop the nonsense. Gold has not paused simply because I said so. This nonsense that I manipulate the world economy and gold proves it because the rally stopped when I say it would stop is just insane. It would have stopped on its own accord even if I was dead. The economy peaked in 2007 right on schedule without my saying so. Some called it Armstrong’s Revenge.
I have been introduced on Capitol Hill as the guy with the model they are trying to suppress. It seems some of the Goldbugs have joined rank with government to deny free speech with spinning nonsense. Gold will take off when it is time. That requires a global trend. Not “fiat” and other nonsense. Gold is the hedge against government. So what is the problem? They would have assassinated William Jennings Bryan.
America never locks-up people for what they do. Coxey was arrested in 1894 when he marched on Washington for walking on the grass. The whole Wizard of Oz was about his march for they were off to see the Wizard (Congress) while following the Yellow Brick Road which was the gold standard. The Tin Man was industry, the Scarecrow was agriculture and the Cowardly Lion was William Jennings Bryan.
The occupy Wall Street crowd was arrested for countless stupid violations. All the time, of course we have free speech. Right! Just like the students who were pepper sprayed for simply sitting down. Remember Kent State where they killed a student? They can kill anyone they want at any moment. Just stick a gun in their hand and say they were going to shoot. The press will tell only the government side today and the majority will believe whatever the government says. That is reality.
The government was determined to shut down Princeton Economics because of free speech. Tancred Schiavoni has ignored all requests to return original research and the library. They have done everything to silence any analysis. Why would the fanatic Goldbugs join ranks with such people? Just to stop anyone from disagreeing that gold cannot rise every single day? Spinning lies will not make gold rise any more than silencing me will prevent the Sovereign Debt Crisis. It ain’t the messenger – its the system that is collapsing thanks to perpetual borrowing with no intent of ever paying anything off. Money is not fiat – it is simply debt that pays interest as it began in 1863 with the interest rate schedule on the back to entice people to accept it.
There is a published decision by the Second Circuit Court of Appeals in New York City that acknowledges on page 97 that the judges are changing transcripts of what takes place in court. Ask yourself, why has no major press in New York reported what is a crime? Why has Congress not investigated? Why did the Court of Appeals claim it had no power to order judges to obey the law? Answer that one and you will explain why things are so bad. The press just will never tell the truth. Is this what some in gold are trying to create? Buy only and bad mouth anyone who says otherwise? We do not need Goldbugs dictating to the world like government!