Have you ever heard of Diamond Currency?

[AdamLTucker]

Diamonds have a universally recognized value which allows them to be sold and converted into any traditionally recognized currency. For example, you can buy a diamond in US$ and sell it for Euros.

In contrast to traditional currencies regulated by banks, governments, or consortiums, the value of diamonds are regulated by one family owned cartel, De Beers Anglo American. Unlike US$ or Euros, diamonds are not subject to inflation nor are they affected by any market conditions, nor have they ever been backed by gold or any other non-reproducible mineral.

With their utilization of banks such as Swiss UBS and insurance underwriters such as Lloyds of London, De Beers along with their diamond monopoly has effectually created a two-tiered monetary system with the first tier comprised entirely of a diamonds valued at an exchange rate which De Beers determines and laundered into different currencies through their network of internationally recognized banks. This monopoly and elite banking network affords them a light weight, unregulated, and untraceable currency that leaves no money trail.

July 17, 2008
ABC News - Sen. Levin: Shut Down Giant Swiss Bank UBS
http://abcnews.go.com/Blotter/story?id=5394214

In a plea agreement, Birkenfeld detailed how he said he had been trained by UBS to help wealthy Americans evade taxes.


In one case, Birkenfeld told prosecutors he purchased diamonds using a US client's Swiss bank account and smuggled the diamonds into the United States in a toothpaste tube.

Adam L Tucker
just3ants

 

[Texan4Life]

from what I understand diamonds are not that rare. It only seems so because debeers hoards them all and then sells them drop by drop. If another company wants a piece of the action they simply buy them out or flood the market until they go under.

With all the govt regulations (*hears cheers in the background from libs and neocons alike*) how does debeers live? Compared to say other types of companies that have cornered various markets and have been, or threaten to be broken up? (like the EU getting all up in microsofts biznas?)

Are their pockets just deep enough and/or the right people connections, i guess?

 

[Conza88]

You can actually make diamonds out of thin air now....



Shit, you not... look up artifical diamonds..

 

[AdamLTucker]

from what I understand diamonds are not that rare. It only seems so because debeers hoards them all and then sells them drop by drop. If another company wants a piece of the action they simply buy them out or flood the market until they go under.

With all the govt regulations (*hears cheers in the background from libs and neocons alike*) how does debeers live? Compared to say other types of companies that have cornered various markets and have been, or threaten to be broken up? (like the EU getting all up in microsofts biznas?)

Are their pockets just deep enough and/or the right people connections, i guess?

You should read this section of the non-fiction book, THE DIAMOND INVENTION as it will answer your question...

http://www.edwardjayepstein.com/diamond/chap18.htm

You would be amazed how easy it is to buy someone when you have an untraceable currency... i.e. no one can be held accountable.

 

[IPSecure]

Sherman Anti-Trust Act

Since the diamond invention was a mechanism for restraining competition in diamonds, it was in conflict with the anti-trust laws in the United States. The Sherman Anti-Trust Act states unambiguously that "any combination or conspiracy in restraint of trade" is a criminal offense in the United States punishable by fines and prison sentences. The Justice Department first became aware of the extent of the conspiracy to stifle competition in the diamond trade in the early 1940s, when the FBI conducted a series of interviews with American diamond dealers concerning their wartime supplies. It learned that De Beers systematically restricted production, fixed prices, and allocated markets, all actionable offenses under federal antitrust law. Even De Beers' largest clients confirmed these operations. Harry Winston, for example, acknowledged to federal investigators that it was "a most vicious system," and characterized De Beers as "an outstanding monopolistic concern."

Does the The Sherman Anti-Trust Act apply to the Federal Reserve, or Treasury?

 

[Acala]

Not suitable

diamonds are not suitable as money for several reasons:

1. They can be made synthetically for a reasonable price so the supply will be inflated

2. Their value is highly dependent on characteristics of the individual stone that are not easy for the layman to evaluate accurately on the street

3. They are not divisible into amounts usable for daily transactions

4. Their value is not in one-to-one correspondance with mass - a 5 carat diamond is worth more per carat than a 1 carat diamond of the same quality so paper certificates representing a given weight of diamond can't be used.

 

[azminuteman]

You can actually make diamonds out of thin air now....



Shit, you not... look up artifical diamonds..

Not necessarily thin air but pencils.


Something that can be manufactured shouldn't be used as currency backing.

The artificial diamonds made today are even better than the natural product.

You can even cremate a loved one into a diamond.

 

[theoakman]

the diamond industry is the biggest scam on the planet. In reality, that diamond is made up of the same carbon that the graphite in your pencil has. Synthetic diamonds are getting better every year and will be at a point where you won't be able to tell the difference soon enough.

 

[lucius]

agree

the diamond industry is the biggest scam on the planet. In reality, that diamond is made up of the same carbon that the graphite in your pencil has. Synthetic diamonds are getting better every year and will be at a point where you won't be able to tell the difference soon enough.

That is why the industry's motto is 'diamonds are forever', because it you try to actually sell them you maybe dismayed by what an artificial scam it is, ie. you may recoup 18 cents on the dollar.

synthetic in a heavy mount is the way to go...

 

[AdamLTucker]

Diamonds should not be used as a currency and certainly not while under the control of one family/cartel.

Here is a short video that explores the history behind DeBeers Anglo American.

http://video.google.com/videoplay?docid=-6107115595279183751

And you probably wouldn't be surprised to learn that JP Morgan not only co-founded our Federal Reserve but also co-founded Anglo American of De Beers Anglo American which are now very much one in the same.

 

[AdamLTucker]

According to this New York Times article, the Oppenheimer family was worth over $249 Billion in 1989 with control of over 600 companies world wide.

HARRY OPPENHEIMER'S EMPIRE: GOING FOR THE GOLD
http://query.nytimes.com/gst/fullpage.html?res=950DEEDD1739F93AA25750C0A96F948260

 

[Dr.3D]

That is why the industry's motto is 'diamonds are forever', because it you try to actually sell them you maybe dismayed by what an artificial scam it is, ie. you may recoup 18 cents on the dollar.

synthetic in a heavy mount is the way to go...

LOL, yeah, I took some old diamond rings to the appraiser and he said, "Since the diamonds are old, they are not worth as much."

I thought, ehhh... aren't all diamonds supposed to be old?

 

[AdamLTucker]

LOL, yeah, I took some old diamond rings to the appraiser and he said, "Since the diamonds are old, they are not worth as much."

I thought, ehhh... aren't all diamonds supposed to be old?

When you look at the history and the role that DeBeers and Co have played in the last century, you will see that this is much more than just about jewelry.

Think about the strategic need for industrial diamonds before synthetic diamonds were made.

Then think about how many natural resources such as oil cannot be accessed without industrial diamonds.

...now think about the role that a single company had in determining who had access to oil as well as the industrial diamonds needed for precision tooling necessary for the mass production of military machinery and anything steel.

DeBeers have flown under the radar by co-opting and corrupting our government officials which serve to distract from who is financing them with untraceable light weight diamond currency of which DeBeers controls the value and supply.