Category
Gold: The Republican Death Wish
Quick Links
<p>Welcome to the Galactic Free Press blogs section! This is a place where anybody with <a href="/galacticfreepress/user/register">a free GFP account</a> can post information.</p>
Lot's of problems with this arguement
Is it me, or is this article designed to scare away people from backing a return to hard money? As if fiat money is really working all that well. I think this article is full of bad arguements. It suggests the gold standard was the cause of depression, which is untrue. It also suggests we would have to buy lots of gold, as a nation, to peg the dollar to $1700/oz gold. That's not true either. It's a totally arbitrary assignment. The gov't can just set the value to $10,000/oz (or whatever amount makes sense relative to the numner of dollars out there) and not have to make a single purchase. As for the ECB redeeming dollars for gold, the US can just say "NO!" with any type of legislation they would like to enact. If the commodity markets can refuse delivery of physcial metal, the govermnent certainly can. This is a pretty bad article...
The point is made
"That's not true either. It's a totally arbitrary assignment. The gov't can just set the value to $10,000/oz (or whatever amount makes sense relative to the numner of dollars out there) and not have to make a single purchase."
Bingo! In my opinion, it doesn't matter what currency this society chooses as long as the same people remain in charge, because they will work it to their advantage. That's what I was getting at in my comments at the beginning of the post. Altho the author of this piece makes some flawed arguments, his point is right on - any "Republican" plan to change the currency system is meant to benefit the cabal, not the public. If anybody in the 3D paradigm is trying to convince you that gold is the answer, it's because they think they will continue to control the gold market.
No income taxes?
The article negelcts to mention that our current system IS run already by a private bank. And the US borrows the currency supply into existence. We are stuck paying interest on the loan forever. Under a gold standard, there is no debt=based currency. Therefore, no need to make interest payments. And, no need for income taxes to pay for this interest.
This is a very biased piece meant for people who aren't the least bit educated on the current monetary paradigm.
This is more fear mongering
This is more fear mongering from illuminati-type pukes that fear the loss of their control over the would-be sheeple. go back to the hole you slithered from. Resistance is futile darkness flees from light. The sleepers have Awakened. No more Mr. Nice guys, prepare to be recycled.