A weird one

30/06/2010 by Philinje.

I recently came across a bizarre website and theory that is exactly the kind of thing you can find on the net - someone with a unique view but no easy way to tell if it’s credible, aside from making a judgment on what the person presents and how he presents it.

Here are a few pages that encapsulate this person’s theory and detective work:

http://www.roadtoroota.com/public/190.cfm

http://www.roadtoroota.com/public/120.cfm

http://www.roadtoroota.com/public/117.cfm

http://www.roadtoroota.com/public/101.cfm

Here is the theory in a nutshell: Reagan established the Gold Commission in 1981 and that set in motion a plan to re-base the US currency on gold, lead by none other than Alan Greenspan. Because of the enormous political difficulties of implementing this plan, some proponents are secretly enacting it and starting to spread the word cryptically. Hence the comic out the Federal Reserve, Boston.

There is a kind of perverse logic in Greenspan throwing the current system into its final throes of self-destruction.

Who knows?

Meanwhile, equities are re-visiting recent lows and the S&P is hovering right around the critical 1040 level. Gold is hovering around $1240. The USD is still kind of weak though it did catch up on the CAD.

It’s a weird but tense moment of temporary equilibrium. And it’s impossible to say which way things will break. At least the theory above adds some color to the strange financial condition we now live in.

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