They say that on a surface level life is a comedy, and on a deep level life is a tragedy. I believe it. Along with tragedy comes the world of corruption. I just read in the Financial Times that Warren Buffett has denounced the huge sums of money that many CEOs pull out of their companies via salaries, bonuses, options and what have you.

It is truly disgusting -- even demoralizing for workers in these companies. It's also cheating stockholders, particularly when the stock price of these companies declines in the face of huge executive salaries. It all comes down to corporate board collusion and stock-holder passiveness. If you don't like the policies of the company that you are a part-owner in (via your stocks holdings), then dump the damn stock. I do.

When the subject of corruption comes up, my thoughts always turn to the foundation of our whole economic system -- our currency. And, of course, our currency is a product of an unconstitutional system known as the Federal Reserve. The Fed can create liquidity at will. As a result, the currency that you and I work our tails off for -- loses its purchasing power year after year after year.

If I sneaked into your home and stole 2% 3% or 4% of your goods or merchandise every year, you'd call me a criminal and either call the police or possibly take the law in your own hands and reach for your Remington 12 gauge shotgun.

But the Fed is doing roughly the same thing, and it's legal. Every year your money buys less and less. In fact, since the early 1940s the Federal Reserve Notes that you and I call "dollars" have lost 95% of their purchasing power. Some call it inflation, some call it legalized thievery -- the Fed calls it, well, they just call it "the Federal Reserve system."

And 99% of Americans in the "great sleep" which they call their lives don't call it anything. They don't even realize that they are being systematically robbed of the fruits of their labor and their savings.

Paper currencies are mandated to be "legal tender" by government fiat. Governments state that their currencies are legal for the settlement of all debts, and that's the law.

There's only one item that gets in the way of the central banks shenanigans. That item is real money, known as gold. The US government, in its battle to denigrate gold, posts its official price of gold at $42.20 an ounce. Great, so why can't you and I go to the Treasury and buy gold at 42 bucks an ounce and turn around and sell it on the open market at 342 an ounce and thereby make an immediate profit? Dummie, it's because the US Treasury won't sell you a single ounce of gold. Talk about a double standard, talk about living a lie, you're seeing it in the US government's official price of gold.

Why does the government insist that gold is worth less than $43 an ounce? Because it's part of their policy of denigrating gold, implying that it's a junk metal, a useless metal. Despite that fact that the Treasury reserves would benefit greatly if gold was marked to market, the Treasury continues to price its gold at $42.20. It's a disgusting lie.

Is a lie a form of corruption? You be the judge.

At any rate, lies against reason, lies against the natural order of things -- cannot endure. Truth eventually overcomes lies. Which is why central banks are so paranoid, so fearful of the truth about gold.

But now the truth is slowly, ever so slowly, creeping out. Gold is real money and Federal Reserve notes (dollars) are just intangible forms of currency, currency which is "legal tender" only because the government says it is.

The specter that every central bank fears is now materializing. It's called "a bull market in gold." How can the central banks kill the gold bull market? The answer is that they can't. But they can sure try.

What can you and I do to protect ourselves against the thieves of our labor and our savings -- the inflationists? We can start collecting real money in the form of gold coins. And for leverage, we can start accumulating shares in gold stocks. And lastly, we can be patient. We can let the gold bull market express itself in its own way in its own time.