The Problem with Gold
As the credit crunch has renewed interest in the nature of money and especially in the nefarious nature of interest bearing fractional reserve banking, the clamor for a new Gold Standard has been gaining momentum.
Many people seem to believe that real money should be based on gold. You have the so called ‘Austrian School’, the Mieses people and also many Libertarians seem to have fallen for what is essentially a hoax.
The Gold people suggest that Gold is the best (and basically) only form of real money, because nature has limited its supply, so that the amount of money in circulation cannot be inflated.
They often correctly analyze the current monetary systems, run by central banks, to be simply a plunder operation run by maniacs robbing the populace with continuing inflation/deflation cycles.
They are, however completely blind to the role of interest in what they correctly consider to be an abusive system. They even often believe that interest is necessary to have a ‘free market’ decision on the price of money.
This is complete rubbish: since banks in the current system create money by pressing computer buttons the cost of money is so ridiculously small, it is criminal to have its users pay hefty premiums. And hefty they are: if you buy 200.000 euro home, you will pay 400.000 euro in interest in the following thirty years. And of course the principal. So your house actually costs 600k euro.
When you pay 400k in interest for simply pressing a button, I gather you know you’ve been had.
What the Gold people really want is a stable supply of currency. To stop inflation and deflation by the banking industry’s criminals. They are right in that, but they are wrong with their solution.
The problem is, if you control Gold, you can still inflate/deflate its supply. And since we have been on a gold standard for centuries, a little historic awareness will allow you to realize that depressions and bubbles were quite common in earlier times.
There is no free market for gold. The people at gata.org have been documenting the manipulation of the Gold market for years. Gold has been controlled by the same people that control central banking for centuries.
“Economic crises have been produced by us through the goyim by no other means than the withdrawal of money from circulation”, it has been said elsewhere. This was in the heyday of Gold.
Another famous quote, “Give me control of a nations money supply, and I care not who makes it’s laws.” was also a product of the same era.
Clear proof Gold will not fix our current predicament.
To be totally honest with you: the bankers themselves plan to use Gold in their next system, designed to take over from their current one. The Gold people are their witting or unwitting accomplices.
Gold does of course has its functions. As a hedge against a meltdown it is useful, although silver is probably better. Precious metals will always be there to expose paper manipulation. As is going on now, with Gold at historically high prices, albeit still low if corrected for inflation. Gold once was at 1800 dollars per ounce in real terms, so it still has a long way to go.
But although gold is useful as a store of wealth, it is not as a means of exchange. It is too expensive. Its owners will not lend it out without interest. Its supply is not stable and transparent, because gold has been manipulated for centuries.
The problem with paper money, or in these days, electronic money, is not that it is debt based. It is not that it can be easily inflated and deflated.
The problem is, it is run by our Satanist Overlords who use it as a highly effective tool to redistribute wealth from us to them.
The problem is, that the money is used by a public that is totally oblivious to the nature of money and its producers.
What we need is cheap, solid money, paper or electronically based (for reasons of cost and efficiency), interest free, provided by organizations that operate transparently and are answerable to the people who use the money.
But as long as people can be fooled by silly ideas such as that Gold is the only real currency, this is not going to happen.