Jul 27, 2011

Ron Paul's Urgent Warning!

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Jul 23, 2011

Counterfeit Gold Standards by Gary North

....this is another must read by Gary North!
With this latest commentary, Gary North is dismissive of gold standard advocates, starting with Ralph Benko of The Gold Standard Now project, whose latest essay (http://www.gata.org/node/10159), as North writes, describes a "counterfeit" gold standard.
North's commentary can be reached at Lew Rockwell's Internet site here: "Counterfeit Gold Standards"

Jul 15, 2011

The Gold Standard Institute journal

The July edition of the journal of the Gold Standard Institute leads off with an essay by financial writer Louis Boulanger, who argues that while people may ignore reality, they do so at great peril, as there is no guarantee that reality will ignore them. 
Boulanger concludes that the Internet revolution is moving sovereignty away from the state and back toward individuals -- which is, of course, the moral claim for ensuring that the precious metals trade freely as independent currencies. May it come to pass in our time. 
You can find the July edition at the Gold Standard Institute's Internet site HERE

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Jul 9, 2011

Gold: the secret weapon in the worldwide financial war

A "full-scale financial war" is raging around the world and gold is the secret weapon, geopolitical analyst James G. Rickards tells King World News today.

Rickards says China's new gold exchange is retaliation for the refusal of the United States to restrain paper currency and help control inflation. He agrees that the exchange has the potential to explode demand for gold.

As for the proposal for Switzerland to create a "parallel" gold-backed franc, Rickards says it would create a massive case of Gresham's Law, where everyone would dump the unbacked franc for the gold-backed franc. Indeed, Rickards says, the first country that goes to a gold-backed currency will have the only currency anyone wants, the strongest currency in the world. Swiss legislators, he adds, can't possibly understand the global implications of the proposal.

Holes in the fiat currency dike are popping out all over the place, Rickards says, and in the face of the collapse of their paper currencies, governments will either have to convert their currencies to gold or resort to unprecedented coercion, outlawing gold or punitively taxing it and imposing capital controls.

As usual Rickards has thought things through far more extensively than most analysts. You can listen to his interview at the King World News Internet site HERE

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Jul 4, 2011

Erste Bank Gold Report

Erste Group Bank's new report on gold as an investment and currency, written by Ronald-Peter Stoeferle and published today, may be the most comprehensive and profound of its type. Its major conclusions include:
  • Negative real interest rates are the main driver of the gold price and will continue to be powerfully supportive.
  •  The arguments supporting a return to some form of gold standard are strengthening.
  • Government debt burdens could be sustantially eased by a higher gold price.
  • There is no "bubble" in gold, as the public is hardly invested in it and has little interest in it.
  • Increasing dependence on government transfer payments for the public's income works against restoring solvency to government.
  • Many paper pledges of gold cannot be fulfilled by real metal, a point credited to GATA.
The report concludes, in part:

"Given that the majority of debt has neither been written off nor paid off but simply transferred, the problem of excessive debt is still waiting to be resolved. There has been no deleveraging, only an adjustment of booking entries from the private to the public sector. The quantitative easing has left monetary stability short on credibility, and it will be very difficult to remedy this situation. In this fragile environment gold will continue to thrive."

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Jul 2, 2011

Global Economic Collapse...

Let's not miss the forest for the tree. The tree is Greece. Wonder who the forest is?..

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