Gold Wars: The Battle for the Global Economy

by Kelly Mitchell

Gold Battle for the Global Economy addresses the grotesque, growing and unsustainable imbalances in the financial system. As gold is the barometer of systemic ills, a war on gold-to drive down its price-is taking place to hide the negative impacts of fiat currency, shadow banking and central banking on the global financial system. Starting with an introductory discussion on the nature of money and the bizarre fractional reserve structure currently in place, Mitchell moves on to address the massive, but little known systemic pivot the Petrodollar standard. Tying dollars to oil, this mechanism undergirds the dollar's reserve status. But soon it will fail with paradigm shifting consequences. Next, Mitchell addresses the twins of shadow banking and central banking (with a quick interlude to look at the traits of physical gold). Then, with the stage set and the distortions, corruptions and levers of power in better view, he examines a few historical precedents and likely outcomes through deflationary/inflationary effects and their combinations. Gold Wars features a detailed breakdown of the gross manipulations in the gold market - from nonexistent paper gold, smackdowns, high-frequency trading, and ETF's to Central Bank games like swapping/leasing, shell accounting, midnight raids, clandestine gold movements and regulatory attacks on investors. Mitchell offers a prediction of the results for the gold when the manipulation fails, paper and physical prices will separate, with the physical selling for multiples of paper. Similarly silver, with its own unique characteristics for industry and investment, is also targeted as a potential refuge for flight from paper, though strangely, above-ground gold is now more plentiful than silver. Add to this a silver short position rolling from one institution to another as each fails, a 4-year foot dragging investigation into market fraud, and a class action suit for manipulation and the market has a recipe for a pressure cooker at maximum. Western banks, lacking the gold to cover their obligations, will eventually declare a force majeure-an event supposedly the result of the elements of nature, as opposed to one caused by human behavior-as a pretext for settling their obligations in increasingly valueless paper. Where is the resistance to this distortion and corruption of value? Power is flowing East as China and Russia have drawn in massive amounts of gold while denyin

270 pages, Kindle Edition

First published November 1, 2013

Reviews

[Nathanael · Rating 4 out of 5]

A fascinating, well-researched book, though it seems to verge into conspiracy theory at times.

[Matthew · Rating 2 out of 5]

I wanted to like this book, I really did. There are some sound points made, to be sure, such as the decline of fiat currency and the increasing demand for gold and silver. However, this reads like a massive blog post written by a conservancy buff in his mothers basement. The nebulous and nefarious elites pulling the strings are collectively referred to as "banksters" by the author. The only thing missing in this book is a damnation of Freemasons and their role in the global conspiracy! Numerous spelling and grammatical errors are scattered throughout the book, adding to the difficulty of taking this work seriously. Do yourself a favor and skip this sophomoric attempt of a book and instead check out "Currency Wars" by James Rickards.

[Curt.Harvey · Rating 4 out of 5]

Great read, informative.

Great read, informative.

This is an excellent book on the inner workings of the banks the central banks and how the entire system appears to be rigged in favor of the wealthy elites with the rest of us getting crumbs at the table if you will. I would give this four stars in that it is an excellent book for the times that we are now living in.