Gold Wars Quotes

“But the petrodollar system is not about oil, per se. It is about a system of sustaining the worldwide need for a paper currency by linking it to a true global necessity – oil.”
― Kelly Mitchell, Gold Wars: The Battle for the Global Economy

“According to the US attorney general, our banking system is now openly run by criminals who cannot be prosecuted. When the rule of law is not only violated, but openly abandoned as policy, democracy has failed.”
― Kelly Mitchell, Gold Wars: The Battle for the Global Economy

“In situations of general economic deterioration, demand collapses, profits disappear, businesses fail and jobs vanish.”
― Kelly Mitchell, Gold Wars: The Battle for the Global Economy

“The US debt machine and standard of living can only be maintained under the petrodollar standard.”
― Kelly Mitchell, Gold Wars: The Battle for the Global Economy

“The military is not serving as the world’s policeman or defending the US from its enemies. It is guarding the world reserve status of the currency by forcing the payment of oil in US dollars.”
― Kelly Mitchell, Gold Wars: The Battle for the Global Economy

“The banks are less solvent than we are being told – probably by a very wide margin. The commercial banks are limited to a 10:1”
― Kelly Mitchell, Gold Wars: The Battle for the Global Economy

“The run is already currently occurring, but in slow-motion. Large investors are letting CDs mature, but not renewing them due to the abysmal returns. Most CDs currently pay less than 1%.”
― Kelly Mitchell, Gold Wars: The Battle for the Global Economy

“The principal is created by the banks, but the interest owed is not created. The system demands perpetual growth in order to maintain the worldwide debt service.”
― Kelly Mitchell, Gold Wars: The Battle for the Global Economy

“Napoleon was convinced his system of sound money could defeat the vaporous credit creation of the British. He felt that people would reject a paper currency in favor of gold backing. His defeat made clear the awesome power of fractional reserve banking, a point not lost on bankers.”
― Kelly Mitchell, Gold Wars: The Battle for the Global Economy