Forbes: The Gold Standard Is Coming!
[youtube=http://www.youtube.com/watch?v=_7PCxW8znI0]
“They are planning through the IMF to come up with the world currency to replace the dollar because the dollar will be replaced … come up with another paper currency controlled and ruled by the United Nations and IMF!” – Ron Paul
- Why is the MSM pushing the gold standard and giving gold such prominence? The Illuminist plan is for a global currency crisis leading to the debasement of all fiat currencies and very likely: hyperinflation. They want to destroy all fiat currencies and even their USD to prepare the ground for a One World Currency backed by gold and a Global Supra-National Central Bank. Any nation which rejects this new monetary hegemony will face war! Now that the MSM is selling this gold backed currency meme, the global currency crisis is close at hand! Got physical gold yet?
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The Gold Standard Is Coming!
by Steve Forbes, http://www.forbes.com/
Pundits are pooh-poohing the plank in the GOP platform that calls for a commission to examine “possible ways to set a fixed value for the dollar,” declaring it a sop to Ron Paul supporters. And indeed this was a motivation of hard-core political calculators around Governor Romney. But these self-styled, world-weary cynical types didn’t put this item in of their own volition. They went along with it because it was pushed hard by Tea Party groups and several U.S. senators and representatives, as well as Ron Paul devotees.
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Gold won’t be a sizzling issue this fall. The economy, entitlements and, possibly, war in the Middle East will dominate headlines. But the yellow metal will be a hot topic in the next 24 months. The commission is going to take on an importance that will astound today’s political punditry, besotted as they are with stale Keynesian quackeries about money, taxes and spending.
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Why? Events economic and political. The ever deepening financial crisis around the world will force the new Romney-Ryan Administration to consider–and quickly, too–dramatic measures to deal with the disaster.
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The Obama/Bernanke Federal Reserve has been an abysmal failure. No major country’s central bank has been so destructive since the Fed in the 1970s; prior to that, nearly a century ago, it was Germany’s central bank, which created a hyperinflation that helped set up an environment for the Nazi revolution.
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Unlike other central bank catastrophes this one, so far, is of a slow-motion variety, which is disguising the immensity of the harm being done. For the first time in our history our credit markets have been rendered incapable of providing sufficient capital for small- and medium-size businesses, while starving startups and would-be startups of the wherewithal to grow to their full potential.
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In order to work properly and productively markets need a reliable pricing mechanism. By manipulating interest rates on such an unprecedented scale the Federal Reserve has effectively destroyed the ability of our credit markets to genuinely price the borrowing and lending of money. Does anyone really believe a 10-year Treasury should yield little more than 1.5% or a 30-year government bond just under 3%?
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“Are we going to go another step further into INTERNATIONAL MONEY … are we gonna go toward a U.N./IMF STANDARD where they are going to control with the USE OF FORCE another fiat standard. That’s what many people are working for and I CONSIDER THAT A VERY DANGEROUS MOVE!” – Ron Paul
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