by Steve St. Angelo, SRSrocco:
The gold market is heading towards a big fundamental change that few are prepared. While many analysts in the alternative media community suggest that the gold price is manipulated due to Fed and Central bank intervention, there is another more obscure rationale that is the likely culprit. I call it, “The Blind Conspiracy.”
But, before I get into the details of this Blind Conspiracy, there are a few very troubling developments in the alternative media community that I would like to discuss first. The bulk of these concerns has to do with the increasing amount of faulty analysis and misinformation as well as the peddling of lousy conspiracy theories on the internet.
Why is this a big problem? Because a lot of readers are being misguided as to the true nature of the serious predicament we are facing. Half of the emails that I receive are from readers who are bringing up doubts based on other analysts’ faulty analysis and misinformation. Thus, it takes a great deal of effort to provide the real facts and data to counteract the damage being done by certain individuals, even those with good intentions.
Furthermore, an increasing number of so-called precious metals analysts have switched over to Bitcoin and other cryptocurrencies, believing that gold and silver will no longer function as monetary metals. However, some of these analysts suggest that silver will still be valuable because it will be used as critical raw material in advanced products in our new HIGH-TECH WORLD. I find this idea of a future modern high-tech world quite amusing when we can’t even maintain the failing complex infrastructure we are currently using.
American Society Of Civil Engineers 2017: U.S. Infrastructure Grade Is…???
According to the Amercian Society Of Civil Engineers, ASCE, they just came out with their grade this year for U.S. infrastructure. Does anyone want to guess what overall grade we received here in the good ole U.S. of A? The ASCE gave us a D+:
Well, at least a D+ isn’t an “F” grade. Here is the ASCE’s Infrastructure Report Card Grading Scale for receiving a “D”:
“D” GRADE = POOR, AT RISK
The infrastructure is in poor to fair condition and mostly below standard, with many elements approaching the end of their service life. A large portion of the system exhibits significant deterioration. Condition and capacity are of serious concern with strong risk of failure.
The ASCE U.S. Infrastructure Report also provides separate grades for different aspects of U.S. infrastructure. For example, the U.S. Energy Infrastructure received a “D+” as well. This is a brief description of the Energy Infrastructure:
Much of the U.S. energy system predates the turn of the 21st century. Most electric transmission and distribution lines were constructed in the 1950s and 1960s with a 50-year life expectancy, and the more than 640,000 miles of high-voltage transmission lines in the lower 48 states’ power grids are at full capacity.
Moreover, the report states that $4.5 trillion needs to be invested 2016-2025 to raise the U.S. infrastructure to a “B’ Grade. However, only $2.5 trillion has been budgeted. Thus, we are $2 trillion short of the total amount needed. Regardless, I doubt we will be able to spend anywhere close to the budgeted $2.5 trillion over the next decade for our infrastructure. Unfortunately, I see the U.S. Government and private sector running into serious financial trouble by 2020 as the massive amount of debt and derivatives finally take down the system.
So, the question remains. How are we going to move into a new HIGH-TECH world if we can’t even maintain our current infrastructure?
The notion that we can bring on some new “Energy Technology” fails to consider the tremendous amount of raw materials, manufacturing, transportation, and logistics to repair and maintain our current infrastructure. You see, we have much bigger problems than just replacing an energy source or technology. But, to understand that principle, you must look past superficial thinking and “Silver-Bullet energy technologies.”
Now, if you hear certain analysts suggesting that gold and silver will no longer be used as money in the future because cryptocurrencies will take over the monetary role in our new high-tech world, you may want to contact them and provide the link to the U.S. Infrastructure D+ Grade Report.
Destroying Once Again…. Certain Myths About The Gold Market
If I collected an ounce of gold for every email I have received about patently false gold myths and conspiracies; I could buy one hell of a lot of silver….LOL. Gosh, if I went back to my email folder and added up all the emails on this subject, it would number well over 500 in my ten years publishing articles in the alternative media community. However, I continue to receive the same type of emails because individuals are still being misled.
Before I begin, let me say that I focus my work on disproving the faulty analysis by other individuals, and not directing anything negative towards the person. I am adamantly against the idea of “targeting the messenger.” Rather, I like to target the faulty message. So, there is nothing personal in my attempt to set the record straight.
Let me start off by saying…. THERE AREN’T MILLIONS OF TONS OF HIDDEN GOLD in the world. Anyone who continues to believe this needs to pay close attention to the following information.
One of my readers sent me the following recent YouTube video by Bix Weir, titled “Vast Gold Riches Hidden In The Grand Canyon“:
In the video, Bix quotes a New York Times article published on June 19, 1912, that proclaimed vast gold riches in the Grand Canyon. According to Bix, this massive gold find is what prompted the starting of the Federal Reserve because billions of ounces of new gold from the Grand Canyon dumped into the market would destroy the monetary system.
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