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Can I Has Gold Standard Nao Prx?

Name: Anonymous 2008-07-13 19:46

Central banking is bullshit. The stability provided by a gold or silver backed currency increases growth in the long term more than artificial booms and busts caused by central banks lowering interest rates.

Let's look at the current bank and mortgage situation in the US.

1. Fed lowers Federal Funds Rate to increase money supply and spurn economic growth.
2. Banks find themselves with a surplus of reserves by 1.
3. Average investors are tired of the 21st century's weak stock market and decide to get into real estate.
4. Banks, with a surplus of reserves, make loans to anyone with a pulse.
5. Speculators, trying to get in while it's good, take high risk loans because interest rates are low.
6. 3-5 combine to form a housing boom.
7. 6 causes an artificial inflation in real estate prices.
8. Due to 7 and a new (artificial) sense of wealth, people take out mortgages on their homes.
9. Inflation, caused by 1, manifests as the new money makes its way through the economy.
10. The economy contracts just as suddenly as it had expanded.
11. Those who took the most risk during the expansion now take the hardest fall as the malinvestment in the housing market and mortgages is liquidated.

This is where we are now. Unfortunately, amidst the second largest bank failure in US history, the charlatans in the US government are the ones with the least understanding of why. So I ask again, can I has gold standard nao prx?

Name: Anonymous 2008-07-29 6:25

>>39

Goyim are IDIOTS!!!!!!!
PROVE ME RITE


Piece of cake:

"Lest some of my readers may think that I have insisted too much upon the disastrous effects of the monetary system associated with the gold-standard, a few words may be helpful. Money or token-wealth has been invented, to use St. Thomas's expression, for the convenience of exchange and as a measure of things saleable. Thanks to it, families can procure, by the process of exchange, far more easily than by barter, that sufficiency of nature's goods or real wealth needed by their members for a virtuous life. The fact is, however, that the gold-standard system does not aim at the distribution of socially-produced wealth but at making money a source of revenue to the issuers and a means of arriving at the greatest possible control for them by the creation and perpetuation of debt. As a measure of things saleable, money is meant to be stable. The yard measure and the pound avoirdupois may not be altered arbitrarily. Yet 'we are in an age of monetary policy,' writes Professor Soddy, 'when the value of it is continually altered by the means well-known to the banking profession, to make it worth less or more, thus to raise the price level or to lower it. . . In all this there is not given a moment's consideration to the most elementary principles of justice to the owners of the money, who have a right to receive again value equivalent to that which they have given up.'[Footnote: The Role of Money, p. 85 'A sane money system is one that aims at keeping in circulation the largest volume of money that can be absorbed without inflation of the price level . . . the principle of control of the currency of New Zealand should be changed from stability of the exchange rate with sterling to stability of the internal price level.'—(A. N. Field, in Examiner, May, 1939.)] Arbitrary changes in the volume of currency cause prices to rise or decline; and these arbitrary changes affect the welfare of every citizen. How are they effected? By the contraction and expansion of credit due to movements of gold. Thus we have fixed foreign exchanges with fluctuating internal price-levels. Those who control gold can manipulate the volume of credit, thus controffing the price-level in different countries. And this power can be used to acquire mortgages not only over entire industries but over whole countries. We read in The Builders' Merchants' Journal (January, 1939): 'For instance, by the judicious transference of (say) ten millions of gold from France to England, a systematic depreciation of probably ten times that amount could be brought about in the market value of French securities without undue difficulty, and a corresponding rise effected on the English Exchange. By then transferring the same amount of gold from London to New York, a similar double effect could again be achieved. Next, by transferring the gold from the U.S.A. to (say) Belgium and the Netherlands, the process could be once more repeated. Then by switching the bullion across to England, a similar rise and fall would result. Finally, by shipping the gold from London back to its original resting-place in Paris, French securities would be restored to normal, and British stock values again depressed. The alteration in market values in the case of every gold transfer as above outlined would probably be at least ten times the amount of the bullion actually shipped, and the astute individuals engaged in the execution of this interesting financial roundabout might within the space of two or three years amass (via nominees) anything from (say) £100,000,000 to £500,000,000 by judiciously exploiting the possibilities of the markets—and without arousing outcry or general suspicion amongst the investing public. No wonder it becomes possible for banks and other big financial interests to hold 'blanket' mortgages not only (in effect) over entire industries, but also (to all practical intents and purposes) over whole countries.'

A concrete example of the swindling depicted by The Builders' Journal is given by the late Arthur Kitson in his book, The Bankers' Conspiracy, published in 1933. On pages 79 and 80 of that work, we read: 'Some years ago the Bankers' Magazine gave a startling example of the depreciation in the prices of 325 of our representative investments caused by the withdrawal of £11,000,000 in gold from the Bank of England by a group of American financiers. The transfer of this amount from London to New York during a period of a few weeks caused a fall of prices equivalent to £115,500,000! The absorption of the same gold caused a corresponding advance in the prices of certain American securities. By first selling English securities and buying American, they had merely to transfer so much gold and afterwards reverse the transactions by buying and selling respectively and the game was won! As a well-known financial writer stated at the time: 'These speculators were playing upon two tables at the same time—one in London and the other in New York—with the certainty of winning on both.''

When a country has been impoverished and disorganised by a stock-exchange coup such as has just been mentioned, an attack on the property of the Catholic Church and the religious orders can be successfully launched by the Masons and other anti-supernatural elements. A typical example is to be found in Spain between 1834 and 1840. The Rothschilds were anti-Carlist in the war of succession, which was going on, because they feared that the success of Don Carlos would mean that they would lose the famous Almaden quicksilver mines. By a 'bear' operation on the stock-exchange the Rothschilds sent Spanish securities tumbling down. The Prime Minister, Count Toreno, was forced to resign, and the Rothschilds realised a profit far beyond the amount of the bribe they had given him previously. Count Toreno was succeeded by Mendizabal, a Jew by race and religion. He had been speculating in Spanish securities but had 'got the tip' from Nathan Rothschild when the Rothschilds decided to bring about the slump. Mendizabal increased the Spanish deficit. All that and more can be learned from Count Corti's Reign of the Houses of Rothschild. It will serve as a commentary on the laconic information we get in the Catholic Encyclopedia (article on Spain) wherein we read: '. . .the Liberals ruled, except in the provinces occupied by the Carlists, and the moderate ministry of Martinez de la Rosa . . was succeeded by those of Toreno and of Mendizabal, who put up the possessions of the Church for sale (1836).' The Catholic Encyclopaedia omits to say that all the convents, with some exceptions, had been confiscated in 1835.[Footnote: 'More than one hundred years ago, the Church in Spain was disestablished and despoiled of all real property, while the Religious Orders were suppressed and dispersed under the laws framed by Don Jose de Mendizabal, a Finance Minister of that day.' (The Conflict in Spain, by the Marquis de Merry del Val.)] It makes no reference to the collusion between Rothschild and Mendizabal.

Stabilization of the internal price level of countries is one of the most needed social reforms in the natural order. Without it the demand for social justice becomes a mockery. 'Stabilizing money takes the money factor out of price fluctuation and leaves just the non-monetary factors of demand and supply of commodities. As one well-known writer on these subjects has pointed out, the money factor is like the tides of the ocean, and the commodity demand-and-supply factor is like the waves of the sea. . . . The tides are the big factor determining the level of the water, and the waves a comparatively small factor even in the greatest storm. The money factor is like the tides, and is the principal thing in determining the price-level.' [Footnote: A. N. Field in Examiner, May, 1939. He says elsewhere in the same issue: 'Money must be made a just measure of value. If it is not, every money transaction perpetrates injustice, with debts on one level and prices of commodities on another level. And injustice sooner or later means the disintegration of the existing social order.']"

—The Rulers of Russia, Third Edition, Revised and Enlarged, USA, (1986), 93-96

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