Return of the Gold Standard as world order unravels

Discussion in 'Politics' started by Google, Jul 15, 2011.

  1. Google
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    Google Gold Member

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    Return of the Gold Standard as world order unravels - Telegraph

    "On one side of the Atlantic...debt crisis has spread to the countries that may be too big to save - Spain and Italy...On the other side, the recovery has sputtered out and the printing presses are being oiled again....The bar to QE3 - yet more bond purchases - is even lower than markets had thought...One of the big US banks texted me today to say that if QE3 actually happens, we could see gold at $5,000 and silver at $1,000. I feel terribly sorry for anybody on fixed incomes tied to a fiat currency because they are not going to be able to buy things with that paper money....Step by step, the world is edging towards a revived Gold Standard as it becomes clearer that Japan and the West have reached debt saturation"

    Once again Ron Paul has been vindicated. He is the only Republican to never change his stance on the major issues, and he has the bruises to prove it. As the only Republican to vote against the Iraq War--with an argument that sounds eerily similar to those against the Libyan kinetic military action--he was dragged through the coals by the likes of Sean Hannity as a supporter of Al Qaeda.

    He has been warning America of the dangers of a private central bank since the late 70's, shortly after owning gold was made legal again. If everyone had listened and bought gold you would have seen your money increase 20 fold depending on when you bought. The UK sold off huge reserves of gold in 1999 under Gordon Brown's order selling at €254 an once :lol: They lost billions.

    If only they had listened to the patron saint & founder of the Tea Party Movement.


    [ame=http://www.youtube.com/watch?v=G3TltMNbgGQ]‪Ron Paul asks Ben Bernanke - Is Gold Money? July 13, 2011‬‏ - YouTube[/ame]
     
    Last edited: Jul 15, 2011
  2. Contumacious
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    Contumacious Radical Freedom

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    And just think that if the US were still on the Gold Standard the US Citens would not have to worry about the "national debt crisis" !!!!!!!!!!!

    .
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says ever'thin' goin' to hell inna handbasket...
    :confused:
    Democracy in steep decline around the world
    Jul 15, 2011 - The Arab Spring may be a great source of inspiration for popular movements around the world. However, a study assessing social, political and economic freedoms points to a steady, global shift towards authoritarianism.
     

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