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Economics Theory: Eventual Replacement of the Debt Pegged Economic System

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Economics Theory: Eventual Replacement of the Debt Pegged Economic System

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1.5 oz 2013 Canadian Polar Bear 9999 Silver Coin - One and A Half Ounce Silver Bullion

The first and currently the only 1.5 ounce 99.99% fine silver bullion coin launched by the Royal Canadian Mint. $8 Legal Tender Canadian Dollars This coin is exceptionally thick, it captures the endangered majestic polar bear roaming through the Arctic ice sheets. The obverse is struck with the effigy of Her Majesty Queen Elizabeth II. In multiples of 15, these coins will be shipped in a tube. Currently there are no air-tite cases available for these coins. Individually, they will be shipped in soft plastic sleeves.

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The London Bullion Market Association has just taken the highly unusual step of blocking access to statistics relating to the trading activities of its member bullion banks. This information has been available to the public since 1997 but as of this week it is available only to LBMA members. (See http://www.lbma.org.uk.) I have recently written a series of exposes of the LBMA (see References 1-4 below) using the association's own data to show that the LBMA's bullion banks are operating on a "fractional reserve" basis. My analysis indicates that the bullion banks are holding only 1 real ounce for about every 45 ounces of gold that they have sold, a reserve ratio of just 2.3 percent At the March 25 public hearing of the U.S. Commodity Futures Trading Commission on precious metals futures markets I cited the LBMA's own statistics to label the "unallocated gold" accounts of the bullion banks as a Ponzi scheme. (See Reference 3 below.) There were bullion bank

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Two military planes laden with 17 tons of silver and gold coins scooped up from a Spanish warship that sank during a 1804 gunbattle landed in Spain today, ending a 200-year odyssey that took the treasure from an ocean floor to Florida courtrooms. The planes landed with the 594,000 coins and other artifacts retrieved after a five-year legal wrangle with the Florida-based salvage company Odyssey Marine Exploration, which had taken the haul to the U.S. in May 2007. Once the treasure is offloaded from the planes it will be transported to an undisclosed location, state broadcaster RTVE said. The deep-sea explorers found the treasure in a shipwreck, believed to be Nuestra Senora de las Mercedes, off Portugal's Atlantic coast. British warships had sunk it as it approached Spain as part of a fleet that had traveled from South America. The Mercedes was believed to have had 200 people aboard when it exploded and sank. Odyssey made international headlines when it discovered the wrec

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