6 Years Ago Today, the US Helped Murder Gaddafi to Stop the Creation of Gold-Backed Currency

http://www.blacklistednews.com/6_Years_Ago_Today%2C_the_US_Helped_Murder_Gaddafi_to_Stop_the_Creation_of_Gold-Backed_Currency/61347/0/38/38/Y/M.html

Hillary Emails Reveal NATO Killed Gaddafi to Stop Libyan Creation of Gold-Backed Currency

This is old news for readers of this blog, but it's a good summary of the Gaddaffi murder for the sleepy-eyed.  Foreign policy of "king dollar" is everything, and top US officials know once the dollar loses its global reserve currency status, it's lights out for American hegemony.

http://www.globalresearch.ca/hillary-emails-reveal-nato-killed-gaddafi-to-stop-libyan-creation-of-gold-backed-currency/5594742

Hillary emails confirm US and NATO destroyed Libya over gold-backed currency

In the "I told you so" category, Gaddafi did perish as he tried to start a gold-backed African-centric currency.  This was the true "Arab spring."

http://www.hangthebankers.com/hillary-emails-us-nato-libya-gold-backed-currency/

Though the French-proposed U.N. Security Council Resolution 1973 claimed the no-fly zone implemented over Libya was to protect civilians, an April 2011 email sent to Hillary with the subject line “France’s client and Qaddafi’s gold” tells of less noble ambitions.

The email identifies French President Nicholas Sarkozy as leading the attack on Libya with five specific purposes in mind: to obtain Libyan oil, ensure French influence in the region, increase Sarkozy’s reputation domestically, assert French military power, and to prevent Gaddafi’s influence in what is considered “Francophone Africa.”

Most astounding is the lengthy section delineating the huge threat that Gaddafi’s gold and silver reserves, estimated at “143 tons of gold, and a similar amount in silver,” posed to the French franc (CFA) circulating as a prime African currency. In place of the noble sounding “Responsibility to Protect” (R2P) doctrine fed to the public, there is this “confidential” explanation of what was really driving the war [emphasis mine]: 

This gold was accumulated prior to the current rebellion and was intended to be used to establish a pan-African currency based on the Libyan golden Dinar. This plan was designed to provide the Francophone African Countries with an alternative to the French franc (CFA).

(Source Comment: According to knowledgeable individuals this quantity of gold and silver is valued at more than $7 billion. French intelligence officers discovered this plan shortly after the current rebellion began, and this was one of the factors that influenced President Nicolas Sarkozy’s decision to commit France to the attack on Libya.)

Greyerz - Despite Manipulation, Swiss Gold To Become Money

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/18_Greyerz_-_Despite_Manipulation%2C_Swiss_Gold_To_Become_Money.html

Sprott makes a bet on a different kind of bank

Good for Eric Sprott, the Canadian billionaire who's been on the right side of the precious metals trade for more than a decade.  According to Gresham's Law, bad money drives out good money.  In other words, people will dump debased paper fiat currencies, and hoard sound currencies, with gold being the soundest.

In the past, the Swiss franc was the most stable of currencies, reflecting centuries of sound banking policies.  That situation reversed itself several weeks ago when the Swiss National Bank pegged the "Swissie" to the sinking Euro, in attempt to stimulate their exports and tourism industry.  Apparently, the USDollar and Euro had weakened too far, driving up the Swissie and price inflation (and rendering Swiss products non-competitive).

With all developed countries trashing their sovereign currencies in a race to the bottom, gold will be the last man standing among currencies.  And a currency 100% backed by gold will maintain its role as a store of value, in addition to being a medium of exchange. 

http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/sprott-makes-a-bet-on-a-different-kind-of-bank/article2204088/

Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency

For those who need to be reminded, Zimbabwe is the most recent poster child for a currency collapse and hyperinflation.  In a world gone upside down, they desire to have a gold-backed currency now.  Sound monetary policy--what a concept.

http://www.zerohedge.com/article/zimbabwe-trade-diamonds-gold-it-prepares-launch-gold-backed-currency

RBZ urges gold-backed Zim dollar

The world has truly gone bizarro when Zimbabwe, the most recent country to have its domestic currency collapse, resulting in catastrophic hyperinflation, suggests a gold-backed currency since the USDollar is about to experience its own currency collapse.

http://www.newzimbabwe.com/business-5127-RBZ+urges+gold-backed+Zim+dollar/business.aspx

THE central bank says the country must consider adopting a gold-backed Zimbabwean dollar warning that the US greenback’s days as the world’s reserve currency are numbered.

Government ditched the Zimbabwe dollar in 2009 after it had been rendered worthless by record inflation levels and adopted multiple foreign currencies with the US dollar, the South African Rand and the Botswana being the most widely used.

Gono said the inflationary effects of United States’ deficit financing of its budget was likely to impact other countries to leading to a resistance of the green back as a base currency.

“The events of the 2008 Global Financial Crisis demand a new approach to self reliance and a stable mineral-backed currency and to me, Gold has proven over the years that it is a stable and most desired precious metal,” Gono said.

And for proof of Zimbabwe's recent hyperinflation, here is an image of its currency:  a 100 trillion dollar bill <click here>.