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Return Of The Gold Standard Imminent

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posted on Jan, 28 2012 @ 07:17 PM
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Just thought i would put this out there,the following article makes some interesting points concerning an iminent return to the gold standard

The gold standard will precipitate a massive deflation. The ensuing chaos will help usher in their coveted New World Order and World Currency.


If you think about it the NWO types have been stockpiling gold for years so it would benefit them greatly to return to a gold standard since they have all the gold

It helps the Money Power in its plan to bring the US down a few notches, which is indispensable to World Government.

But the decline of the dollar is only part of the story. The dollar is only the current vehicle the Money Power uses to rule international finance. It doesn't care for the vehicle itself, as long as it has a suitable successor and that will be Gold.


The article also takes a swipe at Ron Paul saying he has been lying about constitutional money although im an avid Ron Paul fan it does raise some legitimate concerns

The onslaught by Austrian Economics in the Alternative Media comes to mind. And Ron Paul of course. He openly calls for Gold as currency. In this respect, he clearly is the ultimate internationalist candidate. This contrasts sharply with his patriotic 'constitutionalism'.


www.henrymakow.com...

Whether the author is expressing mainly his opinion or not there are other sources also stating that a return to the gold standard could be iminent and it isnt nessecarily going to be rosy for the average man on the street,here are some other links:
www.debka.com...
www.independent.co.uk...
shiftfrequency.com...

To be fair other sites are saying this would be a good thing
www.gold-eagle.com...
www.youtube.com...
www.activistpost.com...
So what does ATS think ,is the return to a gold standard the check mate for the NWO as it would leave them holding all the aces or does it mean their plans are unravelling and there is a mass exodus back into real currency with real value either way it is going to bring a lot of hardship for the average man on the street




posted on Jan, 28 2012 @ 07:29 PM
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I sure hope someone thinks to peak into places like Fort Knox and the Fed Reserve vaults to confirm that Uncle's gold is still safe and sound, where we all assume it is. It'd be a real nightmare to find the world move to a gold standard and then learn the U.S. holdings were pilfered and slowly stolen over time by the very people entrusted with protecting it all.



posted on Jan, 28 2012 @ 07:59 PM
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There's just not enough gold on this earth to return to the gold standard. When i first heard about the gold standard stuff, I thought it was best to return to it...but then I realized there just isn't enough gold, OR silver. We do need jewelry.

What we need is a sound money system that isn't controlled by __________.



posted on Jan, 28 2012 @ 08:08 PM
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Originally posted by Wrabbit2000
I sure hope someone thinks to peak into places like Fort Knox and the Fed Reserve vaults to confirm that Uncle's gold is still safe and sound, where we all assume it is.

Well there has been calls mainly from Ron Paul to audit fort knox however i think it needs to be more detailed than that as there is a lot of accusations flying around about fake gold bars replacing real gold bars
www.marketoracle.co.uk...
gold-quote.net...

This October, bankers in Hong Kong were in for a rude shock when they discovered some gold bars from the US to be actually gold plated tungsten i.e., fake gold bars.

So its one thing to count the bars but its another thing to find out they have been replaced with fakes this is something that urgently needs to be investigated



posted on Jan, 28 2012 @ 08:14 PM
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Originally posted by Ghost375
There's just not enough gold on this earth to return to the gold standard.

What we need is a sound money system that isn't controlled by __________.



Well the constitution dosnt actually say money has to be backed by gold which i find odd that Ron Paul has never mentioned
fauxcapitalist.com...


Article I, Section 8 of the Constitution grants Congress the power “To coin Money,” but nowhere is the word “money” defined in the Constitution.

But i believe it does has to be backed by something of value



posted on Jan, 28 2012 @ 08:40 PM
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We should convert to the bitcoin standard. j/k


Oddly enough, when you read about it, its actually very interesting, and I dont think it would be a crazy that we would see something like this used in the future, and governments hate it, because they cant control bitcoin, same concept as bittorrent.

But the downside is it relies on the internet being alive and healthy, and future is looking bleak, imo.

Bittcoin - Wikipedia




edit on 28-1-2012 by sicksonezer0 because: (no reason given)



posted on Jan, 28 2012 @ 08:41 PM
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For starters, the end of fiat currency spells doom for the old world order. They have abused the Dollar as if they were executives at Visa printing phony credit cards with unlimited, untraceable lines of credit. Second of all the amount of global gold far exceeds any official count due to the tons of blacklisted gold in the thirties.

Thirdly, no economist worth a sack of beans would suggest a single commodity as the backing of any world currency regardless of the amount of gold for the simple reason it is a finite resource and potential growth in world population has no limit.

The Power That Was - the Federal Reserve, will do anything to stop the coming global rejection of the Dollar in order to hide the trillions they have skimmed off the top.

We've been warned that the first piece of fear porn, propaganda BS used by The Fed/Rothschild/Goldman Sachs etc, will be to play up fears of an evil NWO trying to enslave the world according to Biblical prophecy. As far as I'm concerned this thread is great news.

I've been waiting patiently for the last few weeks to see it. Now I know the good times are around the corner. Happy 2012!



posted on Jan, 28 2012 @ 08:46 PM
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reply to post by zarp3333
 


A finite resource indeed. But another finite resource is the trust in the current currency, the american dollar.. That is what makes currency, currency.

I always wonder, if there is a better way to buy and trade, aside from communism of course. Even when germany was controlled by communist russia, im sure there were people who loved it, we only hear one side of the story.



posted on Jan, 28 2012 @ 09:25 PM
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The truth is, gold also has no intrinsic value. Why is it worth so much? Mainly because it does not deteriorate, so lasts forever. And it's somewhat scarce. Other than that, it's shiny. Wow. It's soft and weak. Steel is much more valuable, since you can MAKE THINGS OUT OF IT. Other than certain electrical applications, gold is not usable for anything other than decoration. Even aluminum, which is very common, is much more useful, and therefore valuable. The only value gold has is that which everyone ascribes to it, so when you get right down to it, it is no better than a fiat currency. Well, at least you can't counterfeit it. Oh wait, wasn't there something about gold plated tungsten bars?

Not a Constitutional scholar here, but I'm pretty sure it DOES mention gold and silver as being the only legal coin. Doesn't it?



posted on Jan, 28 2012 @ 09:32 PM
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reply to post by Bilder
 


It was clarified in the coinage act of 1792 which set the price of 1 oz gold at 20.67 american dollars.
Might make an interesting argument (that you may win when you figure out your taxes in american dollars not federal reserve not dollar value. Example your earn ed 20,670. dollars in Federal reserve notes you would have made 1000. american as defined. I remember somewhere in 1913 the income tax on 3000. dollars was one penny.

www.constitution.org...

I would love to go to the fed and hand them 20.67$ in their worthless notes and demand an ounce of gold for it. Would never happen but it is nice to dream about.



posted on Jan, 28 2012 @ 10:37 PM
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One problem with a gold backed currency is that the economy will be subject to fluctuations in the gold market. With gold only $300 an ounce a few years ago and now getting on $2000 an ounce it would increase the buying power against other economies. When the price of gold drops, so does international trading value.

If it was up to me, I would disconnect debt from fiat and monitor inflation to determine cash supply or withdrawal. This will provide price stability in the market place leading to a more stable economy along with the fight against counterfeiting and similar corruption.

I do see money as a self regulating ledger book to keep track of an entities input and output with society. The most important thing backing it is integrity to establish a common sense of value. Gold is one method to achieve this, there are many others.



posted on Jan, 28 2012 @ 10:52 PM
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reply to post by sicksonezer0
 

Not altogether sure what bitcoin is but i agree control of money should be in the hands of the people not a select few untill a system is available for that outcome we are going to continue being shafted by a corrupt system



posted on Jan, 29 2012 @ 01:11 AM
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Originally posted by CaptChaos
The truth is, gold also has no intrinsic value. Why is it worth so much? Mainly because it does not deteriorate, so lasts forever. And it's somewhat scarce. Other than that, it's shiny. Wow. It's soft and weak. Steel is much more valuable, since you can MAKE THINGS OUT OF IT.


Steel only makes things...that's boring. Gold makes ugly people look pretty. Now that is downright sexy.


Vanity wins over utility every time and twice on Sunday. I think that is why Gold will never be without value, and a fair amount of value compared to whatever currency happens to exist. It's a pure question of vanity.



posted on Jan, 29 2012 @ 10:15 AM
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Originally posted by Bilder

Well the constitution doesn't actually say money has to be backed by gold which i find odd that Ron Paul has never mentioned
fauxcapitalist.com...


Article I, Section 8 of the Constitution grants Congress the power “To coin Money,” but nowhere is the word “money” defined in the Constitution.

But i believe it does has to be backed by something of value


It doesn't specifically define "money" in so many words, but when you read article 1, section 8 as you posted above, then go on to read article 1 section 10, which says:

"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."

""No State shall... ...make any Thing but gold and silver Coin a Tender in Payment of Debts"

It makes it pretty clear what congress is going to be "coining money" out of..
Not to mention if you look at the history of metallurgy up until the time the constitution was written, It doesn't make any sense for them to have been referring to anything but gold and silver.
edit on 1/29/2012 by DISINFORMANT because: (no reason given)

edit on 1/29/2012 by DISINFORMANT because: (no reason given)

edit on 1/29/2012 by DISINFORMANT because: (no reason given)



posted on Jan, 29 2012 @ 10:20 AM
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So if congress has the sole authority to coin money, and no state shall make any thing but gold and silver coin a tender in payment of debts..... What type of coins are we to presume congress is making? Wooden nickels?



posted on Jan, 29 2012 @ 10:35 AM
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Medium of exchange will always be fluid. Whether it's gold, silver, plain paper or seashells, people will trade to the least common denominator. If we had to choose, silver would be a better medium of trade for everyday use.

They're not going to switch to gold anytime soon. The markets may collapse and the dollar (euro/yuan/yen) can tank to zero. Commodities should almost always carry some value though.

A switch to a gold-backed system would kill the market before it revived it. Not necessarily bad in the long run but possibly catastrophic in the near term.

If the economy migrates to a gold (or other commodity-based system) it will be due to individuals starting to trade in that fashion. Maybe the seller starts offering discounts to clients that pay in silver coins. When a currency starts to become devalued via inflation or fear, people will find the path of least resistance to obtain value storage in better ways.



posted on Jan, 29 2012 @ 12:48 PM
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The biggest problem with this theory is the US itself, doesn't really own much gold anymore. Not near enough to back the currency out there. I know about all of the conspiracies about Ft. Knox being empty, but I've seen it fairly well documented that the gold there was sold off over the year to pay for Black Ops things. Stuff off the books. I know for a fact in a vault below one of the World Trade Centers was most of the worlds known gold. It was there. Not Ft. Knox. Never heard another word about it after 9-11 though. Surely it was recovered.

Most of it wasn't even the US's, but other countries. We'd be better off backing the currency with something we actually have....than something we really don't.



posted on Jan, 29 2012 @ 01:17 PM
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Perhaps a basket of 'currencies' would be more suitable with gold having its place among them . I'm thinking along the lines of tangible day-to-day goods which really reflect value and use also : wheat , oil , coffee etc . Rather like the CME / futures goods with a splattering of gold and silver also and perhaps a weighting of USD, Yen , Yuan and Euro.

Such diversity would ensure a fair day-to day value hopefully as no single commodity or currency could affect the overall weighting ?



posted on Jan, 29 2012 @ 05:34 PM
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Silver and gold happen to work really well as currency, historically speaking, but I don't much care what people use to trade with, except for two things: Do they know how it works, and are they being coerced to do it someone else's way? In other words, is there force or fraud involved? Both are involved when it comes to the Fed.

Silver and gold would be my first choice, just because it would be simple and they're already recognized as valuable by almost everyone. But there are a lot of ways to trade, without fraud or violence, and people should be allowed to try whatever they want. Right now, the parasitic control freaks don't take kindly to that, as you can see by the fascist garbage they did to the Liberty Dollar, robbing and caging people for trying to circumvent the Fed's fraudulent fiat system.

But the scam won't last forever, no matter how tyrannical they get. The only question is, how many people will understand how to keep the world turning when the dollars in their wallets become completely worthless? Not many, I suspect.



posted on Jan, 30 2012 @ 11:25 AM
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I would think the US would come out smelling like a rose if this were to somehow take effect globaly

see the chart on this page en.wikipedia.org...

according to this the US holds 8K tonnes of gold compared to China's 400 tonnes...of course, that would change pretty quickly then wouldn't it...but we'd start out good



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