Not about silver, but it is about silver.

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The check-kiting scheme between the U.S. Treasury and the Fed, that has been going on quite openly for some 35 years, may have now been supplemented with another, this time between the Fed and the Bank of Japan, conducted in high secrecy. It involves the conspiratorial exchange of non-interest-bearing yen balances for interest-bearing Treasury debt in ever greater volume, over and above the need to finance the American trade deficit with Japan, huge as the latter may already be. The purpose of the conspiracy is to forestall a run on the dollar by other central banks and foreign exchange speculators. If my assumption about the existence of this conspiracy is correct, then the end-game of the regime of irredeemable currencies will be stretched out by another decade or so. However, that decade will not be one of inflation most observers expect. It will be one of deflation and world-wide depression which hardly anybody expects. Speculators shorting dollar-bonds will be massacred, and people in debt hoping to find relief in inflation will be squeezed out of their possessions. Reports on the demise of the bond bull have been Grossly (sic) exaggerated. Bill Gross, the self-styled Bond King, now talks about tsunami in the bond market with several more waves to come.
Fekete 2005

http://www.financialsense.com/editorials/fekete/2005/0307.html

1 Comment to Not about silver, but it is about silver.

1. 

   This can only last so long. Right NOW many of the world’s MINTS are not selling too many GOLD items (see the US Mint online sales and CA & UK too) and the new UHR Eagle is rationed off – 1 per family per se.

   Soon all PMs (look at Platinum lately) will scoot upward after 4-19-09.
HistoryStudent on April 9th, 2009