I may have mentioned this in another thread, but to reiterate, for those of us enamored with the shiny (rather old) object known as precious metals markets, the “Road to Roota” YouTube channel is a good one to follow.
There is a bit synchronicity at work in this story, considering the recent passing of Allan Greenspan, and also considering that the “Road to Roota” concept is strongly coupled to Mr. Greenspan himself.
To boil down the context of the “Road to Roota” concept and Allan Greenspan’s involvement with it to an incredibly small yoke pocket, some careful watchers of precious metal markets feel that Greenspan, whilst still heavily entrenched in the trappings of modern monetary theory (i.e. paper currency), even as the chairman of the U.S. Federal Reserve, postulate that Greenspan and conspirators secretly managed a hidden organization devoted to the advancement of a metals-based financial system similar to what we had in place PRIOR to the Bretton Woods agreement. This organization, while not openly acting to overthrow our fiat system, focused on increasing public awareness of the problems/fraud/inefficiencies of fiat money. Towards that end, they allegedly published a pamphlet, through the auspices of the Boston Federal Reserve office of all things, which laid out the history and facts, mainly through allegorical device.
Boston Federal Reserve’s “Wishes and Rainbows” pamphlet
But getting back to the thread’s main topic, the creator and protagonist of RoadToRoota, Bix Weir, keeps a careful watch over the silver markets, and in particular, the U.S. Mint’s participation in the markets.
There’s been a good deal of fraud, mismanagement and now flagrantly ILEGAL behavior from the mint. There is a law that mandates the U.S. Mint to produce Silver Eagle coins to meet customer demands.
e) Notwithstanding any other provision of law, the Secretary shall mint and issue, in quantities sufficient to meet public demand, coins which-
(1) are 40.6 millimeters in diameter and weigh 31.103 grams;
(2) contain .999 fine silver;
(3) have a design-
(A) symbolic of Liberty on the obverse side; and
(B) of an eagle on the reverse side;
As of Aprile 26’, Bix has statistics showing that in fact the Mint has STOPPED issuing any Silver Eagles.
This is all very telling amidst a structural supply deficit, with mine production dropping far below global silver demand, due to ever increasing manufacturing demand. With how critical silver is to modern technical infrastructure, the price should be much MUCH higher.
The mint shenanigans are part of a broader game to deploy utterly artificial and fraudulent “Free Market” systems meant to deceive and manipulate the public’s investment in precious metals.
