Larry White: What Is A Gold Standard? GLD, MUX, TNR.v, GDX

"Before 1974, U.S. dollars were backed by gold. This meant that the federal government could not print more money than it could redeem for gold. While this constrained the federal government, it also provided citizens with a relatively stable purchasing power for goods and services. Today's paper currency has no intrinsic value. It is not based on the value of gold or anything else. Under a gold standard, inflation was really limited. With floating value, or fiat, currency, however, some countries have seen inflation reach extremely high levels—sometimes enough to lead to economic collapse. Gold standards have historically provided more stable currencies with lower inflation than fiat currency. Should the United States return to a gold standard?"

Gold Standard In America By 2014! US States Don't Trust Fiat Money!

Austrian School of Economics: The Gold Standard in Theory and Myth by Joseph Salerno

"Despots and democratic majorities are drunk with power. They must reluctantly admit that they are subject to the laws of nature. But they reject the very notion of economic law . . . economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics."

— Ludwig von Mises, in Austrian Economics: An Anthology

  "CS. It is time for Education and Austrian School of Economics will the very good base for any well rounded individual. It is truly Amazing: How Our World Has Changed Even from 2005, just listen to the comments about the Gold price, US National Debt and Federal Balance Sheet. All Fundamentals are The Same - we have just moved from Billions to Trillions in a few very short years talking about Debt and FED.

  Gold provides the Golden Cuffs on The Government - It Is Not Able to Engage Private FED in order to create money out of thin air and debase the US currency, taxing the Savers and Expropriating Their Saving by Creating Inflation. Just remember How Much the Real Things were priced when you were  kids."

The History Of Money And Why US Dollars Are Issued By Private Bank - Federal Reserve System

Josep T. Salerno: The Birth of the Austrian School

  It is time for education - will it be different this time or basic laws of human nature and economics will be shaping the future even in the times of Great Deformation?

Austrian School of Economics: The Gold Standard in Theory and Myth by Joseph Salerno

"Despots and democratic majorities are drunk with power. They must reluctantly admit that they are subject to the laws of nature. But they reject the very notion of economic law . . . economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics."

— Ludwig von Mises, in Austrian Economics: An Anthology

What Is Our Money And Why China Plans To Move To A Gold Backed Yuan Currency.

  "This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."

Alan  Greenspan  1966. "Gold and Economic Freedom" 

World Gold Council has now confirmed the Chinese are going to back the yuan with gold.

  

   We are trying to verify this information. If it is true - to call it The Groundbreaking will be the understatement of the year. Welcome to the Currency Wars at its Prime.



  Now all recent Japan and China rhetoric about the "territory conflict" will be put in the very dangerous context. Will They dare to make The War to protect the Status Quo for the doomed "Reserve Currency of Choice" - US Dollar?

WGC: Gold, the Renminbi and the Multi-currency Reserve System

KingWorld News:

Massive Squeeze Coming As WGC Confirms Gold-Backed Yuan

From The Horse's mouth:

Austrian School of Economics: The Gold Standard in Theory and Myth by Joseph Salerno

"It is time for Education and Austrian School of Economics will the very good base for any well rounded individual. It is truly Amazing: How Our World Has Changed Even from 2005, just listen to the comments about the Gold price, US National Debt and Federal Balance Sheet. All Fundamentals are The Same - we have just moved from Billions to Trillions in a few very short years talking about Debt and FED.

  Gold provides the Golden Cuffs on The Government - It Is Not Able to Engage Private FED in order to create money out of thin air and debase the US currency, taxing the Savers and Expropriating Their Saving by Creating Inflation. Just remember How Much the Real Things were priced when you were  kids."

Doug Casey, Casey Research, says, "Junior Gold Stocks Now, Compared To Gold, Are About The Cheapest They've Ever Been."

"We have been following Doug Casey for years and he was one of the few who brought us into the Gold story early in 2002. We will be waiting for his new book with the great anticipation, as well as for his Call to become true again!"

Sci-Fi Movie Script: "Federal Reserve - Keeping The Strong US Dollar Policy From 1913 - Established To Serve and Protect" GS, JPM, BAK, C, HBC

Does one 'super-corporation' run the global economy? - The Network of Global Corporate Control

Golden Age. Planet Ponzi. All You Need Is Love. Happy New Year 2013!

"As Mitch Feierstein explains in his book "Planet Ponzi", you will not get much anything else if you are not in the Circle of Old Boyz. Oh ye, oops: we are wrong here - we will All get our Taxes Increased, Starting with Inflation. We will All get the Bill left from Those who continue to Party even now.

  Suck it up my friends, just suck it up. If you are not on the Payroll in Washington, DC or with other Members of the Oldest Pioneer Organisation - we are All pretty much ... (Add the Spice here to your liking)."

The History Of Money And Why US Dollars Are Issued By Private Bank - Federal Reserve System

"We are at the very important point in the history of the modern financial system. The recent events in Europe  are no less than ground-changing historical  development and the magnitude of it will be understood only many years later. European countries are giving up their Sovereignty in order to save the Euro zone. Now the history of money will be your guide to the new order, when the New Normal will be transformed into the New World Order. 

  Private FED manipulates all markets now and has the right at its own discretion to increase the FED rate at any moment, which will increase all interest rates in a chain: mortgage payments, car loans, student loans, credit card loans, business loans etc. Should FED decide to stop monetary expansion at some point: QEn+1 and Twists - yields on the Treasuries will explode. U.S. is at the total mercy of the unelected managers running the private bank. You would think: who can do such a thing, which will bring a total collapse to the world economy - watch the movies to get your own answer. The idea to buy the assets for pennies on the dollar can be irresistible again."

Sci-Fi Movie Script: "Federal Reserve - Keeping The Strong US Dollar Policy From 1913 - Established To 

Serve and Protect" GS, JPM, BAK, C, HBC

Austrian School of Economics: The Gold Standard in Theory and Myth by Joseph Salerno

"Despots and democratic majorities are drunk with power. They must reluctantly admit that they are subject to the laws of nature. But they reject the very notion of economic law . . . economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics."

— Ludwig von Mises, in Austrian Economics: An Anthology

The Network of Global Corporate Control

MailOnline:

Does one 'super-corporation' run the global economy? Study claims it could be terrifyingly unstable

• Research found that 147 companies formed a 'super entity' within group, controlling 40 per cent of its  wealth

By ROB WAUGH

A University of Zurich study 'proves' that a small group of companies - mainly banks - wields huge power over the global economy.

The study is the first to look at all 43,060 transnational corporations and the web of ownership between them - and created a 'map' of 1,318 companies at the heart of the global economy.

The study found that 147 companies formed a 'super entity' within this, controlling 40 per cent of its  wealth. All own part or all of one another. Most are banks - the top 20 includes Barclays and Goldman Sachs. But the close connections mean that the network could be vulnerable to collapse.

The 1,318 transnational corporations that form the core of the globalised economy - connections show partial ownership of one another, and the size of the circles corresponds to revenue. The companies 'own' through shares the majority of the 'real' economy

'In effect, less than one per cent of the companies were able to control 40 per cent of the entire network,' says James Glattfelder, a complex systems theorist at the Swiss Federal Institute in Zurich, who co-wrote the research, to be published in the journal PLoS One. 

Some of the assumptions underlying the study have come in for criticism - such as the idea that ownership equates to control. But the Swiss researchers have no axe to grind: they simply applied mathematical models usually used to model natural systems to the world economy, using data from Orbis 2007, a database listing 37 million companies and investors. 

Economists such as John Driffil of the University of London, a macroeconomics expert, told New Scientist that the value of its study wasn't to see who controlled the global economy, but the tight connections between the world's largest companies. 

The financial collapse of 2008 showed that such tightly-knit networks can be unstable.

'If one company suffers distress,' Glattfelder says, 'This propagates.' 

Protest against global capitalism outside St Paul's cathedral, London: But it seems unlikely that the 147 corporations at the heart of the world economy could wield real political power - they represent too many interests

The research requires more analysis, but it could be used to look for the weaknesses in the network of global wealth, and prevent future financial disaster. 

Looking at 'connectedness' also puts paid to conspiracy theories about the world's wealth - companies connect to highly connected companies for business reasons, rather than world domination.

The 'core' of 147 companies also represents too many interests to wield real political power - but it could act 'as one' to defend common interests. Sadly for market reformers, resisting change may be one such common interest."