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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.
Is this a precursor to the various governments confiscating privately held stores of gold?
10 trillion federal reserve notes but only 500 billion in gold...
Manipulation of our currency is just another way to tax the people and they will not even know it.
in the 1880's, a 20 dollar gold piece would buy a wagon full of food and all the supplies needed to live for a year. In 2010 that very same $20 dollar gold piece will buy a truck full of food and all the supplies needed to live for a year.
Nothing has changed in the amount that gold is worth. With printed and manipulated IOU's we call printed currency, it is an illusion to tax you. Is a $20 dollar gold piece worth $20?
SUCKER!
When it takes you wheel barrows of $100 dollar bills to buy a loaf of bread, only a small, very, very, tiny fraction of that $20 gold piece will buy a loaf of bread
“This new system is likely to need to involve the dollar, the euro, the yen, the pound and a renminbi that moves towards internationalization and then an open capital account,”
Why did we get away from the gold standard in the first place?
Who got us off of it?
That answers so many questions, now that history has played out.
President Nixon got us out of the Gold standard in 1971... before then Americans were not allowed to own Gold... only Europeans... all our gold was confiscated by FDR in 1937... rumor has it Fort Knox is empty...
Yes all these gold bugs and precious metal cult followers can't see the forest for the trees. It's not about what backs our monetary system. That has no bearing. Its about WHO controls our monetary system and the ability to create our money. The founding fathers wanted that power to lie soley with the American people not a bunch of private banks i.e. the Federal Reserve. Even if our money magically was backed by precious metals again........the private banking cartel would still control the creation of money and charge the people interest on money they could create themselves for free. This is exactly why America is in perpetual debt.
Yes all these gold bugs and precious metal cult followers can't see the forest for the trees. It's now about what backs our monetary system. That has no bearing. Its about WHO controls our monetary system and the ability to create our money. The founding fathers wanted that power to lie soley with the American people not a bunch of private banks i.e. the Federal Reserve.
The Federal Reserve is a bunch of private European banks... disguised as U.S. banks...
President Nixon got us out of the Gold standard in 1971... before then Americans were not allowed to own Gold... only Europeans... all our gold was confiscated by FDR in 1937... rumor has it Fort Knox is empty...
As "Simon" from the movie "Die Hard With A Vengence" said : "Fort Knox is for tourists!". He was inferring that the majority of the country's gold was in the basement of Wall Street Banks.
As "Simon" from the movie "Die Hard With A Vengence" said : "Fort Knox is for tourists!". He was inferring that the majority of the country's gold was in the basement of Wall Street Banks.
Most of the World's Gold is the hands of British and German bankers... Beware of "Cash For Gold"... It's a confiscation...
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