December 18, 2010

Countries Which Robbed own people

For film fans will recall the James Bond films in the 60's which until now still can be obtained on CD or DVD that is Goldfinger. In the film depicted how the character's evil - Goldfinger - designing a gigantic robbery by not moving at all be robbed of his goods.



Goldfinger is conducted nuclear weapon detonated in a central store of American gold reserves of Fort Knox. With this explosion of American gold reserves will be contaminated with radio active so it can not be touched in decades.

As a result, the world gold market will be very significant loss of stock and the price will go up at least 10 time. Goldfinger that before the robbery had been deposited gold worth 20 million pound sterling, would easily earn a profit of 180 million pound sterling or U.S. $ 504 million in the 1964 exchange rate of 1 pound sterling = U.S. $ 2.8.

Ian Fleming sophisticated robbery fantasy has now got his competitors. This time not even a fantasy but real actually done by the countries of the modern world. His name can be a variety such as TARP (Troubled Asset Relief Program), the bailout, etc. quantitative easing.

As an illustration, the U.S. currently has gold reserves of about 8.100 tons or 261 million troy oz. With the world gold price range of U.S. $ 900/troy oz gold reserves alone are 'only worth "U.S. $ 235 billion.

On TARP stage 1 only the U.S. government has poured U.S. $ 700 billion or nearly three times the value of all gold reserves at their disposal. Total direct and indirect effects of the TARP program in the country is expected to reach U.S. $ 13 trillion, which would be equivalent to 55 times the value of tangible wealth in the form of gold owned by the country.

Compared with TARP-style robbery of State property; robbery Goldfinger-style fantasy of the above just like robbing pocket money - is not no equal.

But the TARP is not an attempt to rescue the U.S. Economy?, Well if it works and there is no abuse in their implementation. But the indications towards economic failure or even a crime-even already started sticking.

Paul Krugman is a Nobel economics prize winner in 2008 who had openly disagreed with White House economic team, that the financial system by Obama desperately to be saved just like a dead man walking - will not be able to live (normal) again.

About TARP potentially indicative of economic crimes also revealed no half-hearted, Neil Barofsky - Special Inspector General of TARP Programs that have been testified in the Senate Finance Committee late last month that the potential fraud related to the TARP program could be worth hundreds of billions of dollars.

That is money that is equivalent to 55 times the U.S. gold reserves will only nguyahi Segoro (give the salt in the ocean) - lost no spotting. While the impact on the decline in value of U.S. currency will be long term - like a nuclear bomb in the above robbery Goldfinger.

Unfortunately is what the American government has become a model or a teacher for other countries. If in America there TARP, in Indonesia there FSSN (Financial Sector Safety Net), in other countries have other names etc..

For representatives of the people who are still serving and the newly elected me as the people you represent entrust to you to supervise closely government programs such as FSSN or the like.

Do not let the American-style economic rescue program like this even be legal justification for the robbery of wealth nations, we do not want BLBI recurring event by another name. Should a dive steam in the unlucky volunteer? We remember the time before there are elementary school teachers saying .... Standing, Student ... .. Running. Allah knows best.