Report: Russian Spies are "Goldbugs" Who May be Plotting to "Destroy the Value of the U.S. Dollar"Russian Spies Story Attempts to Scapegoat Russia for the Dollar's Collapse
Chris | InformationLiberation
Jun. 29, 2010
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In what can only be described as a laughable piece of propaganda, CNN/Fortune is reporting the recently caught Russian spies are actually "Goldbugs" who may be secretly plotting to "destroy the value of the American dollar." That the US dollar has been collapsing in value for the last 100 years due to the Federal Reserve's inflationary policies is somehow conveniently missed. Instead, Russia is gearing up some Soviet style espionage plot to destroy the dollar by instituting a "new global currency" backed by gold. Again, that the Russian government itself benefits heavily from having its own inflationary fiat central bank is also somehow conveniently missed.
What is not missed is the basic message: People who own gold are on the side of the enemies plotting to bring down the value of our dollar!
From Russian 'spies,' goldbugs and the struggling dollar:
When federal officials arrested 11 alleged Russian spies yesterday, it seemed natural that the accused agents would be interested in the CIA leadership, the Obama administration and Afghanistan. But who knew that they were goldbugs?This story is absolutely fascinating for several reasons. First, everyone who is anyone owns gold and knows it's a much better investment than the fiat dollar. It involves no "espionage plots" to realize the value of the dollar is going to keep going down, as it's done for almost 100 years straight, as a result of the government printing up record amounts of money. It's simple math, putting more currency in circulation devalues the value of the currency already in existence. No plot required, no espionage or "contacts in New York" needed. All you need is common sense and basic math. That this is glossed over as though it's not the *real* reason for Russia's actions should tell you all you need to know.
Second, what is so significant about this report is it's scapegoating Russia ( or China if you read the full report (.pdf) ) for the practically inevitable demise of the US dollar. The demise for which the Federal Reserve is solely to blame. Not only does this serve to keep the Federal Reserve from facing the repercussions of its inflationary policies, but it serves to inflame the American people into thinking Russia and China are secretly plotting to destroy us, it sets the stage for World War Three.
In the past, similar propaganda was put out saying how North Korea was counterfeiting masses of US dollars. No conclusive proof was ever shown and yet similarly the news at the time tried to suggest any inflation the US was experiencing, or was going to experience, may be due to North Korea! That the Federal Reserve can print endless reams of counterfeit money, and does every single day, is considered completely irrelevant.
The value of the dollar is going to collapse thanks to the policies of the Federal Reserve, a gold standard or quasi-gold standard is extremely likely to make a comeback after the markets finally adjust, already the price of gold skyrocketing to highs of $1265, from just $200 or so a decade ago, shows this is taking place. The trend is all but guaranteed to continue as the Federal Reserve has shown no indication it at all seeks to reverse its policies and skyrocket interest rates to shore up the dollar. Instead, everything they're doing indicates they're going to print themselves into oblivion.
It's clear with articles like this one they are indeed going to continue as they are, yet they will attempt to scapegoat Russia or China when hyperinflation finally kicks in. Additionally, they will act as though gold is some evil communist subversive force seeking to bring America down. Look for more stories like this to come in the future. If people actually believe this propaganda we are in for a wild ride. - InformationLiberation