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<p>[QUOTE=&quot;jolumoga, post: 1635941, member: 41780&quot;]I already pointed out that governments and central banks openly manipulate interest rates to manage sovereign debt, and manipulated Libor for many years before being outed.&nbsp; This is not a matter of theory so much as public record.&nbsp; So central bankers certainly are competent enough to influence the financial markets.&nbsp; Central banking is founded on this very premise.&nbsp;&nbsp; What I argue is that there is a limit to such manipulation, and that the suppression will bring about a belated pop in silver prices in the next decade or two.&nbsp; </p><p><br /></p><p>I think I understand where others in this forum who are &quot;silver is money&quot; skeptics are coming from.&nbsp; I suspect that this is more of a numismatic than an investment forum, and frankly I believe that many numismatists do not appreciate the fragility of our current monetary system.&nbsp; Sure, they know history, the kings and queens and presidents on their coins.&nbsp; I also think there is some merit in the view that fiat money is preferable, because, as I pointed out before, new methods in financial engineering have been developed by the high-IQ technocrats.&nbsp; But recent history shows us their plans can have catastrophic consequences that are unexpected.&nbsp; </p><p><br /></p><p>We will have to see in the next decade or two how this system plays out.[/QUOTE]</p><p><br /></p>

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