Remember when Ron Paul was running for president and chants of “End the Fed” filled the air? It’s probably not an exaggeration to say that, prior to that, many people thought the Federal Reserve was an actual federal government institution.
It’s not, by the way. It’s a private entity. That’d be like saying FedEx is a part of the government simply because it has the word “federal” in the name.
Some, like investor Jay Today, point out that gold has been the world’s true reserve currency for thousands of years. Gold been used as money for at least that long, anyway. There are hundreds of references to it in the Bible alone. Jay also noted that, for 100 years, the U.S. dollar and the British Pound Sterling saw no inflation because they were both fully backed by silver and/or gold.
I’m not going to pretend to be an economics guru, but the news report below made by brain cringe:
No, that was not a parody or satire.
Canada TV reporter Bridget Brown, who claims she was paraphrasing, did a straight-faced report about how gold was failing because investors weren’t sure what it was backed by or “whether it was backed by anything at all,” and something like the U.S. dollar is backed by the Federal Reserve and the U.S. government, so it’s a much better investment because it’s going to stick around.
This is the kind of thing that sadly happens all the time in the mainstream media, and an average person who isn’t really paying full attention while watching it has fully subjected his or her grey brain matter to something that will surely (and parasitically) lodge itself in there like the Three’s Company theme song, and thus, never leave.
In short, people will believe it as true just because some lady with a microphone said it in front of a backdrop of a big city using that well-known, heavily practiced news reporter cadence.
As the video has recently surfaced on social media, people are now calling Mrs. Brown out on it on her Twitter account. Brown stands by her report. Note the date on this line of Tweets:
— Bridget Brown (@CTVBridget) March 28, 2014
— Jybyrd (@jybyrd420) March 28, 2014
@MintCool I don’t have to deflect anything if my story is accurate for Cnd viewers & my station stands behind me which it is & they did.
— Bridget Brown (@CTVBridget) March 29, 2014
Again, while I don’t pretend to be an economics expert, I have paid enough attention to realize that the U.S. fiat dollar is dying one of the slowest, most painful deaths imaginable…something akin to this:
But I also recognize that just switching to gold the standard tomorrow wouldn’t matter much if we don’t end usury and get debt-free money. Why?
Well, in the Rothschild era of banking, usury, or “the practice of making unethical or immoral monetary loans intended to unfairly enrich the lender” is wildly out of control.
Just think about who really owns the vast majority of the world’s gold anyway. Hint: I just mentioned some of them in the last sentence.
While returning straight away to a gold standard has been championed by people like Ron Paul (who himself owns millions in gold assets), has anyone ever truly thought about what would happen to the average person if we really did that in today’s banker-enslaved society?
It’s worth fully considering, from all angles.
On that note, check out what Anthony Migchels of the Real Currencies blog (tagline “Supporting People and the Commonwealth and resisting the Money Power by defeating Usury”) has to say on it:
Far from a ‘solution’, the coming Gold Standard is the logical next step in the Money Power plan of destabilization and order out of chaos. We will have a long and painful depression and although it is not certain that Gold will completely replace paper, it is obvious that we will know scarce money and contraction for years to come. The austerity and deflation that the Money Power’s agents in the IMF, Bank of International Settlements and (Central) Banks are promoting will set the stage for major upheaval and the usual problem-reaction-solution, dialectically driven march to World Government.
Our answer must be to have the Government reclaim the monopoly it has surrendered to a private Central Banking Cartel. But the goal is not to ‘end the Fed’. The goal is better money.
Government must print debt free money, preferably Social Credit. Since this is not going to happen any time soon, we should build free market currencies, which can actively compete with national currencies. Ellen Brown’s Public Banking is another approach in the Populist spirit.
And we should take our money out the banks of course. Why would we patronize a business that is enslaving us with credit by bookkeeping, slapping interest on it, creating booms and busts and trillions worth of bail outs?
Reading over a lot of Migchels site, what he has to say on this issue makes a lot of sense (in my humble opinion).
(This is obviously a very different discussion from the one about hedging one’s self against an economic collapse with something historically solid like gold. Just because I don’t immediately advocate the institution of an across-the-board gold standard, does not mean I’m against personally owning some gold as protection in the financial world we live in today.)
Either way, no one is ever going to see the real problem with reports like the one above where people who obviously have no idea what they are talking about are given a microphone and a national platform that reeks of legitimacy with which to do it.
(H/T Omar Adams)