Gold the Money Guarantor of Freedom
The supreme irony of political populism is that the most famous
speech, Cross of Gold by William Jennings Bryan, against gold - can be made today in
defense of its restoration to our monetary system. At a time when rural interests sought to oppose the business and financial
communities, gold was their curse. But this was prior to the creation of the Federal Reserve. Who in their wildest dreams
could have imagined that the central bank would invent a debt currency fractional reserve system to take the place of the
Midas metal! Well, those financial interests that Bryan rallied against had a better plan. Gold was to become the necessary
Who wrote this hard money statement? "The abandonment of
the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit."
It must have been some anti capitalist Neanderthal, who opposes the present system! Well, you might be surprised . . .
a must read.
If you are a person concerned with your own freedom and that
of your neighbor, can you dispute this conclusion? From The Gold Standard: A Standard For Freedom by Paul Stevens: "To be concerned with the gold
standard is to be concerned with a free economy, regulated by the values and choices of men, rather than a controlled economy
in which the values and choices of men are regulated by government."
Today most consumers are oblivious to the responsibilities
of citizenship, even when their own interests are being abused. A primary necessity for the protection of private property
is stable money. Gold has served that function since the dawn of commerce. This elegant simplicity of utility and confidence
is the very reason that governments have a hatred for this store of value. The trades that finance banking and government
all deal in and have a common interest, in the creation and perpetuation of debt. Understand the basic concept. It is not
difficult, nor can it be avoided if you want charge over your own financial life. The central question: Is your money
your own to use as you wish?
Gold or the gold standard cannot guarantee that competing factions
will respect your property rights or will not attempt to manipulate the financial markets. This was the concern that Bryan
had and saw gold as the vehicle for domination. Now, we live in a world of derivatives! When was the last time you held such
an exotic instrument in your hands and asked for change? When the objective is to commit a fraud, the criminal seeks to confuse
the scam. When currency is tied to gold redemption, the money changers are restricted in their embezzlement. And who is the
biggest thief of them all? That's right - your government . . .
At the heart of our ability to reclaim our birth right is the
obligation to restore sound and honest money. The late James U. Blanchard III was a champion of Liberty and sound money, and we respect his
efforts to educate the American public.
Some of the most respected monetary gurus and intellectual
geniuses have warned us for decades. Their writings are must readings. Franz Pick - Monies of the World, Murray N. Rothbard - What Has Government Done to Our Money, and Ludwig von Mises - The Principle of Sound Money, present the case for gold as the reason and common sense approach
for a free society.
By now you should have asked yourselves if the solution
to monetary sanity is as simple as a return to the use of gold as a restraint on contrived monetary creation, why don't we
make the change? The answer lies in the present system of indebtedness, when the money supply is increased. The powers that
be, control our lives and our futures because of the burden that we all bear with each new federal reserve note. Remember
the reality of a U.S. Dollar in circulation is a myth. Still not convinced? How about another gem from that mystery author
from before: "Thus, under the gold standard, a free banking system stands as the protector of an economy's
stability and balanced growth. When gold is accepted as the medium of exchange by most or all nations, an unhampered free
international gold standard serves to foster a world-wide division of labor and the broadest international trade."
Discussions on gold are a true test of political sympathies.
Just like dialogues on freedom and liberty, the arguments rest upon attitudes of the role of government towards the individual.
No political system has ever bestowed rights. The "Cross against Gold" today, is why we are not under its protection. The
populism of Byron is relevant if citizens want to be free. But the means to accomplish its pledge is to reinstate honest money.
Gold is the answer and that is why the financial elites hate the metal.
Wonder who benefits from inflation and why we have deficit
spending? That eminent person speaks to this point. We will give you one more chance! "Under a gold standard, the amount
of credit that an economy can support is determined by the economy's tangible assets, since every credit instrument is ultimately
a claim on some tangible asset. But government bonds are not backed by tangible wealth, only by the government's promise to
pay out of future tax revenues, and cannot easily be absorbed by the financial markets. A large volume of new government bonds
can be sold to the public only at progressively higher interest rates. Thus, government deficit spending under a gold standard
is severely limited."
OK - Mr Andrea Mitchell will be your last hint . . .
Visit those links for the name you will recognize. If gold is the way to go for this Master of the Universe, why not ask him
why America can't get convertibility restored to back our money.
Many people have an ambiguous understanding of the nature of GOLD. The financial
manipulators have no such deficiency. They fear gold for a very good reason - it places the brakes on the systematic destruction
of currencies. Look at it this way. Historically, currencies have recurrently been destroyed - becoming worthless. If only
those confederate notes could still buy an antebellum mansion. Gold can never go to zero.
But before you decide to stock up and turn in all that worthless paper, keep
in mind that money has become the decisive political decision. Governments repel from guardianship of purchasing power for
their currencies. In its most reducible simplicity, regimes love inflation since it is the silent tax. Ever since the gold
window was closed by Richard Nixon, the float of the metal has become the most concerted market to tame and subdue.
So what is the significance of the recent breaking of the 400 dollar mark?
Are the bulls running in the streets of Pamplona or is this just another false fiesta? The rise in the gold price, denominated
in Federal Reserve Notes, is more a function of the decline of the US Dollar than an appreciation in the price of the precious
metal. The pertinent question since the early 80’s is why gold has not risen in redemption convertibility against a
basket of world currencies? The unadorned answer is that the ‘so called’ free traders that reside in the central
banks have a unified goal of discrediting gold at any opportunity, contrived or real.
As they laud paper, they horde gold. Why? Because, however else you wish to
characterize the bankers, they are not stupid about the threat from gold to thwart their debt created fractional reserve hoax.
Remember that première Commie - Franklin Delano Roosevelt - made gold illegal to possess. Some coins of numismatic classification
were excluded, but don’t rely that this oversight will be repeated when the day of reckoning arrives. Now, don’t
faint just yet if you think that this assessment is a rejection to own gold. Not at all, just understand the nature of the
Don’t look at gold as an investment. Folks, the notion of investing has
become so distorted that the odds at a casino appear to be a fairer game. Gold is simply your ultimate insurance protection.
The fundamental reason to own gold is to hold it in a secure location. That means it has to be debt free. Forward, futures
and options contracts have an inherent claim against the metal. Loans secured by the alloy mean they can be called in and
the collateral forfeited.
Fully paid gold that can be withdrawn from its safekeeping, allows for a fresh
start. The need to bribe a government official to exit a hostile jurisdiction, has invariably been an essential function of
gold. It will always have value to insure escape. But the likelihood of a mass exodus is even more remote than real reforms
to the world banking and financial system. Holding enough gold to live on for a minimum of a year is just plain prudent.
NORFED and e-gold programs are attempts to provide an alternative to paper. However, physical gold
is the real thing. Price valuation for gold has been influenced by the shorts for decades. The stalled and often downward
pressure on gold is a function of keeping the metal out of the hands of the individuals. A visit to East Driefontein, a South
African mine, with Don McAlvany will quickly illustrate that it is a hard task to extract gold away from mother
earth. The supply is finite and the conversion into fiat currencies should rise in value as more paper floods the marketplace.
But gold is not allowed to trade freely. When gold becomes viewed as the quintessential asset holding and people buy and hold
the metal, the strangle hold of the central banks will be cracked.
Friends such as All American Gold provide priceless information, both political and financial. Robby Noel says:
'Don't wait for your ship to come in, swim out to it.' Sorry to say most Americans, just don’t value their own
personal well being enough to secure enough gold to provide a real material safety net. The final judgment of what is enough
for you is more then you probably already have and hold.
The politics that preserves the State seldom provides trustworthy protection
for you. When individuals acquire gold in mass, politicians will be forced to address the public debt, and the true extent
of the unconscionable confiscatory taxation condition that we all suffer. Limited government can be achieved, but must be
based upon a currency that has gold convertibility. There lies the answer, keep enough gold to insist that real money will
replace phony Fed notes. Nothing less will restore a store of value or a nation of free citizens.