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Gold Is Money Interview
Below I discuss the problems in our banking system with GoldMoney’s Alasdair Macleo, stating that the current zero-interest rate policy being pursued by the Federal Reserve (often referred to as “ZIRP”) is masking problems with banks, but not solving them. I point out the basic truth that money-lending institutions make money off of interest, and that as long as rates remain artificially suppressed, this will constrain lenders’ profits. This is an issue all over the world — something that makes investing in this sector tricky. We argue that the European situation is particularly fraught, on account of their being “too many chiefs and not enough Indians... See the original interview posting on Gold is Money.
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Hugs and kisses. Chill, man, chill. All will be well.
Appreciate the love but show me one country that people didn't starve, martial law didn't take hold and entire classes weren't tossed into poverty.
We have 0 chance that they'll willingly go into a gold standard and re-value the dollar. The assclowns "doing God's work" will resist, they control the puppet strings.
Gold is a commodity ...and makes for some nice jewellry
you can use Gold as money, or Silver, just as you use paper/cotton (Fiat) now
there's nothing stopping you trading in Gold with other like-minded people/enterprises
Fiat stops when we (enough of us) say it does or when we (enough of us) start trading using another medium or token of value
The Fed can do nothing to stop us trading in another medium just as soon as we decide to get off our arses and drop the Monopoly Money for some other
Uh, if I may.
Gold and silver, as pure substances, are used as weights and measures. Each as a substance is perfectly divisable, without harming the value of the unit divided. They are used as a measure to divide other commodities, as they in their pure form are consistent in weight, quality and quantity (flow). That doesn't apply to most other commodities (wheat, salt, diamonds, art, wine). They can price human effort and creativity. They are perennial. They are rare enough to maintain parity over time when measuring production . They maintain purchasing power over time. A coin that measures the effort to dig a post hole today can be saved to dig a similar post hole when the body fails to respond. Their properties make them useful as monetary yardsticks where diamonds, salt, paper or any other medium are arbitrary tokens that have proven to be less than perfect. Yes, we can use anything that takes our fancy or is foistered upon us, but that doesn't mean that they will work. ONLY gold and silver have proven of worth in limiting government, denying counterfeiters and protecting and storing ones's excess labour as savings and most importantly. a capable of valuing different forms of labor and creativity because humans value other people's efforts in the market place. Damn, they even protect the people against bailouts because they force capitalism to work, honestly.
Look up what happened to the Liberty Dollar.
Legal tender laws make what you are saying incorrect.
The bankers have it covered LOL, since 1913.
er, no the bwankers don't have it covered
you can trade anything you like (Gold or Silver coins for carrots or a car etc), and you can use any tokens (airmiles, diamonds, iPads etc) you like, or even use foreign currency
there is nothing stopping any community using what it likes to trade tomorrow. Ask your local farmer for a mixed basket of vedge for a Silver coin or some other trade. Begin...
there is a ban on setting up a new currency or money, as was seen recently when ruthless monopolists, the Fed, hammered someone a few months ago into the long grass
any politician suggesting an end to the Fed monopoly will be nobbled, stitched-up or shot
the only way out of this corrupt stinking system is local people action.. the political system is beyond a lost cause, "democracy" is worse than a sick joke... but bwankers turn everything to crap don't they?
Get off your arses, nobody was ever going to save you anyway, end the Fed monopoly yourself with local action
Ya know sumpthin? I've tried. People look at you like you're some welfare case who can't afford to pay them with fiat. lolz
keep plugging away as there's a time for everything... right now i agree you get strange looks for suggesting to shopkeepers or farmers etc trading in anything but cash and it's like trying to push water up hill
but as the economy worsens and more individuals start asking traders motivation and resistence (laziness?) will change
Big Govt and Big Corpse are junk ...small biz and consumers are the real economy, it's where the green shots of both change and recovery will come from.. so start the rebuilding on a sounder footing away from the monopolist of money and all the other Big Crap that's crumbling
BTW: I did cash a gold coin that was slightly marred the other day and bought another one to fill the void on a 10 coin tube. I could have bought veggies and steak.
Global Gold Fever:
http://www.silverdoctors.com/jim-willie-morgan-stanley-faces-imminent-failure-ruin-may-see-1st-private-stock-account-thefts/
Does anyone remember what Jessika Simpson said about the new HD TV's with 1080i? She said: I don't know what it is, but I want it.
Why even argue what gold is or isn't, just say that you want it. End of argument.