Fool's gold

Fool's gold

The name of a famous song with lyrics written by the world's celebrity poet Paulo Coelho, thus the Chinese discovered, by chance, the biggest financial and economic fraud capable of destroying the world's credibility of the main economy and the entire world and international economic system based on the dollar North American.

In 1971, US President Richard Nixon announced the end of the gold-dollar standard, ending the international monetary system.

It should have been a catastrophe and the beginning of a new international crisis, on the contrary, nothing happened, in fact this act by Nixon would hide a gigantic catastrophe, it was just to divert attention from the biggest financial and economic fraud in human history.

The central bank of China received the import of gold bars directly acquired by the government of China that came out of Fort Knox, which is the reserve of the US central bank.

It would be another standard combined reserve swap operation between the central banks of the two countries, USA and China, but, by chance, an official of the central bank of China punctured one of the received gold bars, because they were bars of a series minted or merged and forged still in the time of the Confederates, therefore, with more than two hundred years, when bandits and criminals were commanding North American politics between wars, such as secession and slave trade, and fights against the French, British, Spanish, Mexicans, action of buccaneers and pirates on the American coasts and in the West Indies. It was not a pure, reliable gold bar, and what was the surprise that the Chinese found? The gold was a titanium bar overlaid with gold.

What to do?

This news escaped but was smoothed over and the entire financial world realized the size of the tragedy and it would be better for everyone to avoid an international catastrophe for the US that would bring down the entire Western economy.

That would be the biggest world catastrophe because the biggest gold reserve in the world is the USA.

Roberto da Silva Rocha, professor universitário e cientista político