Return of the Gold Standard as world order unravels

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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]
 
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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.
Over the past six months, the world has watched as the Middle East, a region that long seemed immune to democratic change, has risen up. The popular movements in the region have inspired democrats from around the globe. In China, online activists have called for a "Jasmine Revolution" designed to press the Communist Party to open up. While in Africa, reformers have called for their own "African Spring".

But the Arab Spring is, in many ways, a mirage. Several nations in the region may eventually make the transition to democracy - this is hardly assured - but in reality, democracy is faltering throughout the developing world, from Asia to Latin America, from Africa to the former Soviet states. In its annual survey, the monitoring group Freedom House, which uses a range of data to assess social, political and economic freedoms, found that global freedom plummeted for the fifth year in a row in 2010, the longest continuous decline in nearly 40 years. In fact, there are now fewer elected democracies than there were in 1995.

A mountain of other evidence supported Freedom House's findings. One of the other most comprehensive studies of global democracy, compiled by Germany's Bertelsmann Foundation, uses data examining the ability of democracies to function, manage government and uphold freedoms to produce what it calls the Transformation Index.

The most recent index found "the overall quality of democracy has eroded [throughout the developing world] ... the key components of a functioning democracy, such as political participation and civil liberties, have suffered qualitative erosion ... these developments threaten to hollow out the quality and substance of governance". The index concluded that the number of "highly defective democracies" - democracies with institutions, elections and political culture so flawed that they no longer qualified as real democracies - had roughly doubled between 2006 and 2010.

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