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To: PieterCasparzen; CPO retired

http://garynorth.com/philadelphia.pdf

I’ve just started wading through this book by Gary North which is opening my eyes to even more issues. You all might be interested


15 posted on 04/10/2013 9:56:44 AM PDT by boxlunch
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To: boxlunch

One interesting error is the gold standard, which enslaves the government to having to acquire gold in order to create money. Thus, government, while escaping borrowing from the banking cartel, comes back to the same banking cartel to buy gold. Few people understand that. Few realize that the Chicago school / Austrian school, though they have many correct thoughts (thus seeming to be the sought-after truth) were also initially set up by the same international banking interests to frame the “other side” of the debt money argument.

Few understand that the only reason gold was useful to governments in times past as a material to construct money out of was because it was difficult for the private sector to acquire and therefore served the function of inhibiting the private sector creating counterfeit money.

If countermeasures to counterfeiting are not taken, a nation winds up with less work being done, i.e., lower total productive output, and inordinately large amounts of counterfeit money circulating, which adds up to a recipe for very high inflation (more money chasing fewer goods).


21 posted on 04/10/2013 11:13:15 AM PDT by PieterCasparzen (We have to fix things ourselves)
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