Posted on 01/18/2012 12:17:54 PM PST by appeal2
John Butler's upcoming book, The Golden Revolution could be a blockbuster. Unlike many of today's commentators and newsletter writers, John goes the extra mile and dares to see a world where fiat currencies have gone the way of the phonograph record. He's certain that plans are currently afoot to implement a new metallic money standard. It's clear that US monetary policy, besides being an abject failure, is destabilizing the world economic system. Many countries have come to this conclusion and understand that it is in their interest to come up with an alternative system, which will act as a store of value and will facilitate international trade.
John refuses to lay out a timetable for this eventuality, as he knows from history that dying systems can continue on longer than anyone believes possible. Predicting the time of death for the dollar has proven an exercise in futility and isn't really very useful. The key is to grasp the reality that it is going to happen, and then plan your affairs accordingly. While worrying about tomorrow is a pointless endeavor, preparing for it is only proper.
John's publisher Wylie has fast-tracked his book, and we look forward to its release. Watch for it on www.Amazon.com
A return to a gold standard at this juncture would send us straight back to the days of Alley Oop.
Sounds sorta like a commercial to me.............
NWO propaganda alert. I’m sure some people would like nothing more than to surrender their sovereignty to technocrat world bank planers, but I doubt many here would.
More likely the people who brought us the economic collapse are scheming to elevate fiat money to the next level of fraud through carbon trading. CO2 will be the gold standard.
Gas would go back to $0.35 a gallon. Of course, you will only make $1.45 an hour....
The industrial revolution happened on a gold standard, so it can't be all bad. Do you care to elaborate on the supposed evils of the gold standard?
That said, if the bankers and politicians return to a gold standard, they will do so in a fashion that will benefit them - not us. Look for a attempted FDR-like confiscation and re-pricing.
We need to put the fear of God into the hearts of these miscreants. They need to know that there will be civil war if they try to take to take the one true currency out of our hands.
Keep telling the gold story. The more people who own gold, the less likely that TPTB will try to confiscate it.
What sense does it make to use gold as a currency when it has been the object of inflation more than our currencies?
Is there enough gold on the PLANET to adequately represent the U.S.’s debt alone??
They hardly had more gold then than they'd had the day the Dark Ages started in 535AD.
Once the industrial revolution got under way and new exports were created, and world trade returned, the Spanish obtained a good chunk of gold from America and stashed in Anwerp.
The Hapsburg's continued the practice of mining silver and opened up historically huge mines in the Americas.
Not to put too fine a point on it but I’m a big record collector. Vinyl is making a bit of a comeback.
Maybe they should have said, “going the way of the VHS tape”.
I see commercials to buy gold all over the place.
This is typically a sign of a top.
Are there any underlying reasons?
Sure, if a pubbie gets into the white house next january, US government borrowing collapses.
As well, the USA is crawling back from dependence on foreign oil. The USA won’t be oil independent for 5-10 years. but the writing is on the wall. everyone can see it.
All countries that are energy independent have hard currencies. this includes Brazil— a country that was once dependent on foreign oil that went bankrupt in the 70’s — ....This was during the last period of high oil prices.
Gold isn't going up, the dollar is going down.
Speculators are driving up the cost of gold as well as the dollar being dilluted. How many other goods can you think of that are going up in cost as fast as gold has in the last couple of years? Gold would hardly be a stable currency.
It would take days.... The value of gold is based entirely on psychology and psychiatry and not on economics or physics and limiting your money supply to the planet's supply of a scarce but otherwise useless commodity like that would be suicidal in today's world.
The entire reason for WANTING to do that is based on a big lie i.e. that government spending creates inflation; in real life, fractional reserve banking creates the bulk of the inflation in the world. Government spending creates SOME inflation, but only if done stupidly.
Consider the example of the two shipwreck survivors on an island with five dollar bills in their pockets left over from their previous life and five clams on the island: a dollar is obviously worth one clam. Nonetheless the one guy takes a machete left on their lifeboat and hacks a coconut tree into a crude press, kills an octopus and uses the press and octopus ink to print up five new dollar bills and pays them to the second guy to dig up fifteen more clams.........
That's right, those two guys just doubled the value of money on the island by committing the bankers' cardinal sin of PRINTING it and there was no need for gold or anything else like that in the picture at all; the only meaningful things in that picture were productivity, and an element of trust.
THAT is the thing which bankers do not want us to understand. Ben Franklin understood that and created a super economy in the colonies, and was called the "father of script money" at the time. A couple of English merchants didn't like something about the way the thing was working in New England and ran squealing to George II who banned the practice and re-enforced a gold standard on the colonies and crashed the super economy into depression, precipitating the revolution (or did you think that anybody ever went to war over a tax on tea in real life?)
American presidents who ever grasped that idea and behaved as if they were prepared to act on it were Lincoln, McKinley, and JFK (that's right, the three who were assasinated...)
The gold standard created major grief all during the 1700s and 1800s and the combination of a gold standard and fractional reserve banking were ruinous and toxic, creating a 15 - 20 year cycle of expansion and collapse culminating in William Jennings Bryan's "Cross of Gold" speech and the adoption of Alexander Hamilton's ideas in 1913 to prevent a civil war.
I mean, when a banker lends out ten times the value of gold he has on deposit in the form of dollars supposedly BASED on that gold at 5% interest, what form is the interest supposed to come back in? Certainly not gold since you'd be requiring borrowers to all become miners and more successful miners than the planet has previously seen, think about it; what actually did come back on the ebb tide of those 15-year boom-bust cycles were houses, property, productive assets, farms and things of that nature. You didn't even need wars with that **** going on at all times....
Today's Banks create money out of thin air and charge the government for the privilege of using it. That interest heavily increases the cost of all government operations and the working theory is that government's only way of reflating our economy is deficit spending. Governments could as easily abolish the usurpation of 1913, reclaim the authority to coin money, create money out of thin air THEMSELVES, eliminate the middle man, and thereby without doing anything else make a huge reduction in operating costs.
Again this one is a long story. Best resource I know of on the web for such money theory issues is Ellen Brown's 'Web of Debt' Brown believes that the savings which an intelligent approach to money would achieve would be so vast as to eliminate any need for income taxes.
There is ZERO reason for a rational person to want to own gold. Even Larry Kudlow laughed in a caller's face recently when the caller asked about owning gold as a hedge against the system collapsing, noting that the only three things which would be unusually valuable after a systemic collapse would be firearms, ammunition, and alcoholic beverages.
The same things which historically made gold valuable also make it easy to steal and impossible to trace WHEN stolen, and they make it a prime target for counterfeiters. I mean, good luck in your gold-only economy having to walk around with somebody like Archimedes every time you need to shop for anything. I mean, going back to tally sticks would make more sense, tally sticks actually worked in England for several centuries.
If the value of gold is based on pyschology, what is the value of the paper dollar based on?
If limiting the amount of money to a physical standard is suicidal, what would you call limiting the amount of money to a politicians whim?
You point out the need for trust. Physical gold is just one way to enforce that trust. At least until some octopus starts squirting gold.
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