When The Swiss Bankers Talk About The Gold War

This article is summarized from the book Gold Wars: The Battle Against Sound Money As Seen From a Swiss Perspective, by Ferdinand Lips (Foundation for Advancement of Monetary Education, 2001). Interestingly, the book is written by a Swiss Banker – who even had time to establish their own banks to use his name – who know the ins and outs of the game against the world's gold.

According to Lips this war against the gold started in 1933 when then U.S. President Franklin D. Roosevelt confiscated all gold owned by its citizens, and raised the price of gold in that country from U.S. $ to U.S. $ 35.00/Ounce 20.67/ounce. This war is becoming increasingly serious since the abandonment of Breton Woods Agreement in 1971 – which has since practically no one else in the world of money-which is associated with gold – except Switzerland.

Switzerland is a country that last link with gold money until 1992 – that's why until that year the Swiss currency is the Swiss Franc is the most powerful in the world. Switzerland is also a haven for former citizens of the world who want to safeguard their assets.

But since 1992, Switzerland also became a member of the IMF, and as a member of the IMF they shall be subject to IMF rules prohibit members of the IMF, among others, to link the money with gold. Money may be associated with the results of animal husbandry, agriculture, etc. or anything but should not be linked to gold.

Then why the world's central banks in combating the coordination of this IMF gold?. According to Ferdinand Lips This is because gold is a barometer of standards that can easily detect if there is something wrong in the financial system in the world – and the world financial authority would not like mistakes easily read just by looking at the price of gold!.

He exemplifies what is happening in America in the 1960s. Beginning of the country's financial system error read from the rising gold price from U.S. $ to U.S. $ 40/Ounce 35/Ounce during the Kennedy administration. The situation then deteriorated in the late '60s was the decade when America got into a war that could never win the Vietnam war.

Its peak in 1971 when the U.S. really can not control the financial system and forced to release the connection between U.S. $ to gold. The days that gripped the U.S. financial system, which later spread throughout the world – recorded direct perpetrators of the story written by Ferdinand Lips was as follows:

"On August 10, 1971 gathered a group of bankers and economist discuss the precarious financial crisis in the country, including among those present was Paul Volker that when it served as Under-Secretary of the Treasury for Monetary Affairs.

There are two options when solutions were discussed: first to raise interest rates or raise the price of gold – but it seems Paul Volker did not take one of them. He took the solution is not inconceivable that time left the gold at all from the reference currency in U.S. $ U.S.. This decision was announced a week later by U.S. President Nixon at that time which then generate the events that shook the world, known as the Nixon Shock in 1971. "

Since then the war on gold is increasingly portrayed increase described by Lips (died in 2005, reportedly died unnatural because it is too much to know!), Among others, as follows:

"With the help of world governments, in the 1990s, the war against the gold entered the phase that is very destructive. Central banks to sell or lend gold to destroy the gold price …".

When the 'war' which disclosed by Ferdinand Lips are true – chances are that because the 'people in' the world's banking system certainly what he wrote has a strong base – hence the 'war' there are only two parties, namely the system of money justice-based gold and money that destructive system based paper money. Small hearts we are able to answer, the system which we should defend

When The Swiss Bankers Talk About The Gold War

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