The System works because you work!

The System works because you work!

DEATH BY GOVERNMENT: GENOCIDE AND MASS MURDER

DEATH BY GOVERNMENT: GENOCIDE AND MASS MURDER
All told, governments killed more than 262 million people in the 20th century outside of wars, according to University of Hawaii political science professor R.J. Rummel. Just to give perspective on this incredible murder by government, if all these bodies were laid head to toe, with the average height being 5', then they would circle the earth ten times. Also, this democide murdered 6 times more people than died in combat in all the foreign and internal wars of the century. Finally, given popular estimates of the dead in a major nuclear war, this total democide is as though such a war did occur, but with its dead spread over a century

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Monday, April 25, 2011

Gold hit a record high, while silver surged more than 5 per cent to within a whisker of its all-time peak, as the dollar continued its decline and inflation concerns drove haven flows.


Gold and silver continue to surge

By Neil Dennis
Published: April 25 2011 12:55 | Last updated: April 25 2011 12:55
Gold hit a record high, while silver surged more than 5 per cent to within a whisker of its all-time peak, as the dollar continued its decline and inflation concerns drove haven flows.
Driven also by government debt concerns, gold rose 1 per cent to $1,518.20 a troy ounce, the seventh-consecutive trading session in which it has hit a record high. Silver surged 5.5 per cent to $49.17 an ounce, having hit a 30-year high of $49.80, within sight of the landmark $50 level.
While demand has been strong for both metals, silver’s rally has substantially outpaced that of gold – up 60 per cent so far this year, compared with a 7 per cent gain for bullion.
“Although demand for silver is certainly increasing from this quarter we do not believe it explains the entire rally in silver prices,” said James Steel, precious metals analyst at HSBC Securities.
Silver is used in the manufacture of solar panels, demand for which has increased in the face of rising energy prices.
But there has also been some trading floor chatter, none of it substantiated or commented on officially, that the market is being squeezed – either by a billionaire investor or a central bank.
Gold’s rise, however, remained a result of risk hedging against the threats of inflation and government debt concerns.
“The gold rally is being sustained by a weak dollar, concern about government debt levels across member states of the Organisation for Economic Co-operation and Development, and rising inflation associated with high commodity prices, notably oil and agricultural products,” said Mr Steel.
On Monday, the dollar remained near its three-year low against a basket of currencies.

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