http://www.infowars.com/the-after-the-fed-solutions-debate-begins-greenbackers-vs-goldbugs/It is true that gold has been valued in society for thousands of years and it will likely continue to maintain its terrific investment value for the foreseeable future. Gold clearly has a physical value derived from the incredible energy it requires to mine and refine it. But gold, as a limited resource, is interest bearing and can be hoarded by those with the wherewithal to do so. This would seem to suggest that gold could then be manipulated by the few who control vast sums of it. And that sounds a lot like the economic tyranny we face today with the private Fed.
North attacks Greenbackers because they “are opposed to central banking, unless the central bank is 100% owned and controlled by Congress.” As if to say, how dare the people demand ownership of their own currency. It shows a blinding distrust for Constitutional government and obvious preference for private banking interests.
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Toward the end of
The Money Masters (released in 1996), Bill Still makes the following prophetic warning:
''Our country needs a solid group who really understand how our money is manipulated and what the solutions really are, because if a depression comes there will be those who call themselves conservatives who will come forward advancing solutions framed by the international bankers.
"Beware of calls to return to a gold standard.
"Why?
"Simple. Because never before has so much gold been so concentrated outside of American hands, and never before has so much gold been in the hands of international governmental bodies such as the World Bank and International Monetary Fund.
"A gold-backed currency usually brings despair to a nation, and to return to it would certainly be a false solution in our case. Remember: we had a gold-backed currency in 1929 and during the first four years of the Great Depression.
"Likewise, beware of any plans advanced for a regional or world currency. This is the international bankers' Trojan Horse.''
Keep the above in mind as you read the following:
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http://www.marketwatch.com/story/world-bank-chief-calls-for-new-gold-standard-2010-11-07World Bank chief calls for new gold standardBy Chris Oliver
MarketWatch
Nov. 7, 2010
HONG KONG (MarketWatch) –- The president of the World Bank said in a newspaper editorial Monday that the Group of 20 leading economies should consider adopting a global reserve currency based on gold as part of structural reforms to the world’s foreign-exchange regime.World Bank chief Robert Zoellick said in an article the Financial Times that leading economies should consider “employing gold as an international reference point of market expectations about inflation, deflation and future currency values.”
Zoellick made the proposal as part of reforms to be considered at this week’s G-20 meeting in Seoul.
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I've said it before and I'll say it again: with "opponents" like the
Austrian School, the international bankers don't
need any allies!
