by Franklin Sanders, www.the-moneychanger.com
On 24 January 1848 James W. Marshall discovered a gold nugget at Sutter’s Mill in northern California, the discovery that set off the Gold Rush. Discoveries of gold in California, Australia, and later South Africa led to a CHEAPENING of gold against silver, & the price of silver in gold rose steadily from 1848 until 1873, when silver was corruptly demonetized first in the US (“Crime of ’73”) and then in the new German Reich.
Contrary to the propaganda, it was NOT new silver discoveries, like the Comstock Lode, that led to silver’s cheapening against gold or its demonetization. That was all politics, & silver was gaining value from 1848 forward, never trading below the $1.2929 statutory value from 1848 to 1873, and rising at some points to $1.35 (4.4% over statutory price).
No, ultimately driving silver out of the monetary system was a project of special interests who planned to drive out first, silver, & then gold, & so create their own money out of thin air. So far, they’ve won, and think what a tragedy it would have been if the banks had lost. Why, how would states have raised the money to fight all those world wars without central banks & fiat money? Gee, they couldn’t have, so they would have been forced to make peace. It would have been a historical tragedy, wouldn’t it?
