Friday, October 5, 2012

Gold Wars revisited

http://www.goldmoney.com/gold-research/felix-moreno-de-la-cova/gold-wars-revisited.html?gmrefcode=gata
Applying these lessons to modern day Europe and the intellectual battle over the future of the euro, and it’s possible to say that the few virtues the euro still has can be abolished at the stroke of a pen by legislators and bureaucrats. Whether the euro survives a few more years or not is irrelevant: it will always be blemished by the original sin of being fiat money, imposed by decree instead of chosen by the people. Just as it was imposed by decree it will be manipulated by decree and always to serve the few at the expense of the many.

Gold is independent money. It cannot be created out of thin air, and even when it is outlawed, our rulers can never totally control it.

It is not just a philosophical matter: after the collapse of the Continental Dollar in America, the USA’s Founding Fathers learnt their lesson and enshrined gold and silver as money in the US Constitution, setting the stage for America’s development into the most prosperous and economically free country in the world by the early 20th century. Contrast this with 18th century France. After John Law's catastrophic experiment with fiat currency, France’s post-Revolution rulers again tried forcing fiat currency on the people – the ill fated assignats – leading to wars, terror, the loss of freedom and bloodshed throughout Europe.

The choice will be ours.

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