Alex Jones joins Alan Greenspan in calling for Gold Standard

Slowly but surely what was known to the initiated for a long time is becoming more and more mainstream: the return to the Gold Standard. Although it does not seem likely Paul will win the election, it’s far from ruled out either, so the return of the Banker’s favorite currency is very much on the agenda.

It’s an interesting interview, because it exposes so clearly the many problems that the ‘Truth’ Movement is currently facing.

Ted Anderson, interviewed by host Aaron Dykes, is a Gold Trader. Really very special, all these Gold Traders in the ‘Truth’ Movement. Really useful people for some ‘independent’ (harhar!) commentary on the economy and politics.

Also interesting is that Jones has no qualms calling it a Gold Standard. Many Austrian Economists try to downplay this label, explaining it will all be different from the past. They try to circumvent the issue by calling it a ‘free currency market’.

Now, I do support a free market for currencies.

But what is going to happen, if Paul gets his way, is that the FED is going to be closed and a ‘free currency market’ declared. But in this free currency market there will be only Gold backed currencies. You’ll quickly see all sorts of heavily funded Gold and other metal mints. Of course these will be organized in the same way as every Money Power cartel: as nominally competing businesses. They’ll probably believe themselves they’re competing, not realizing they have a common owner, or controller.

Mutual Credit will play only a small part. They, very strangely enough, will NOT find massive funding. They will also lack the full support from Washington, who will be very busy implementing the infrastructure for the ‘free currency market’. Notwithstanding, of course, the nominal resistance against Government interference that Austrian Economics is famous for.

But of course, people sending their man to Washington to end heavy handed Government certainly are prone to all sorts of interesting ‘logic’.

So the ‘free currency market’ will be a de facto Gold Monopoly, or Bi Metal Cartel.

Also funny to see Dykes and Anderson talk about ‘Honest Money’. Or ‘Sound Money’. Exactly the line the bankers used in the late 19th century.

During the 20th century one of the more famous people calling Gold Sound Money was of course Alan Greenspan. His essays from the sixties were all for Gold. The first sentence from the linked essay is really hilarious: “An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.“.

Quite typical of the Daily Bell and other Austrian Economists. I guess now we know where they get their material from.

And here he is in 2007, promoting the ‘solution’ to the ‘problem’ he created himself, even before the ‘reaction’:

Yes, the Bankers really, really hate Gold.

Nothing much changes.

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