{"id":458,"date":"2015-04-21T15:36:23","date_gmt":"2015-04-21T13:36:23","guid":{"rendered":"http:\/\/finalwakeupcall.info\/en\/?p=458"},"modified":"2015-04-21T16:54:12","modified_gmt":"2015-04-21T14:54:12","slug":"gold-versus-credit-money","status":"publish","type":"post","link":"https:\/\/finalwakeupcall.info\/en\/2015\/04\/21\/gold-versus-credit-money\/","title":{"rendered":"Gold versus credit money"},"content":{"rendered":"

Centralised Private Bankers Cartel:<\/strong><\/p>\n

The global financial system for over one hundred years is an organized centrally managed, privately owned Bankers Cartel that issue fiat money to steal your money by inflating currencies expanding in even greater quantities by banks trough the fractional reserve rule when these issue loans from credit money created out of nothing. In short, an engineered tool of the world\u2019s banking elite – a SCAM<\/em><\/strong> by design, that enslaves the public to inflation and the impossibility to repaying debt, as interest free money isn\u2019t issued. The efforts \"Federal<\/a>of the gangster money cabal to take control of the world through their debt-backed money issuance has paid off wildly off for them, while the resulting economic imbalances and fiscal atrocities can be seen in every corner of the economy and in every nation on earth. As poverty is being globalized, the banking cartel and their 1% elite are reaping riches greater than the wildest imaginations of history\u2019s most opulent kings and rulers ever have dreamed of.<\/p>\n

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Before, Gold has been money for at least four thousand years, or even longer. King Croesus minted the first gold coins in Lydia, modern day Turkey, in the six century B.C. – Physical gold ownership, without pledges or liens, stored outside the banking system, is the only form of gold that is true money, since every other form is a mere conditional claim on gold. It is true that gold is desired by all of mankind, but it is desired as money in its store-of-value role, not for any other purpose, as even jewellery is not a consumption item of gold, but a form of money that can be worn, as an ornament of wealth.<\/p>\n

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There is credit risk as a bank fails. Bank insurance may mitigate bank failure risk, but there is a chance the \"Banks<\/a>insurance fund will become insolvent. Look at the case of Cyprus in 2013. Gold involves no financial risk whatsoever. Gold has no counterparty risk because it is an asset to its holder, and – most important – it is not anyone else\u2019s liability. No one issues gold the way a currency note is issued; it is just gold. Once gold is in possession, it has no risk related to clearance or settlement. Banks may fail, exchanges may lose, and the peace may be lost, but these events have no impact on the intrinsic value of gold. This makes gold the true risk-free asset. The asset fluctuations expressed in the gold price is not gold itself but the currencies.<\/p>\n

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Gold standard:<\/strong><\/p>\n

That gold cannot form a basis of a modern monetary system because there is not enough gold to support the requirements of world trade and finance is a myth. There is enough gold in the world, the quantity known on the market is calculated at approx. 200.000 ton, although 12 times this amount could exist above earth but still is off market.<\/p>\n

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To offer a better impression; the known gold market quantity multiplied by today\u2019s gold price represents $ 2.4 trillion market value. This value is far smaller than the total money supply of the major trading and financial powers in the world. The global money supply of all economic centres China included is estimated $ 20 trillion for M1 and $ 48 trillion for M2. If global money supply were limited to $ 2.4 trillion of gold instead of $48 trillion of M2 paper money, the result would be disastrously deflationary and lead to severe depression.<\/p>\n

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The problem is not the amount of gold available but the price.<\/em> There is ample gold at the right price. If gold were approx. $ 17.000 per ounce the official gold available on the market would be roughly equal the \"gold-standard1\"<\/a>global M 1 money supply, just to illustrate that quantity<\/em> of gold is never an impediment to a gold standard, as long the price<\/em> is appropriate to the targeted money supply. – So consequently the Great Depression of the 1930 that was preceded by the adoption of the \u2018gold exchange standard\u2019 is a myth too, if the gold price were set correctly there wouldn\u2019t have been a depression. \u2013 The gold exchange standard at the time was at best a pale imitation of the true gold standard and at worst, a massive fraud.<\/p>\n

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Actually the gold standard worked well in the past and is still feasible today<\/a>. There is enough gold in the world \u2013 it is just a matter of price. Gold did not cause the Great Depression, but central banks policy blunders did. And panics are not a result of gold; they are the result of human nature and easy credit.<\/p>\n

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Even today for Central Bankers is gold money, they are acquiring gold hand over fist as a reserve asset, and this scramble for gold has profound implications for the future role of gold for every currency.<\/p>\n

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When currency rates start flying around all over the place, – as currently is happening – be assured some people are losing or going to lose enormous amounts of money.\u00a0And as the derivatives bubble start imploding, there won\u2019t be enough money in the entire world to bail everyone out.<\/p>\n

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Huge Red Flag:<\/strong><\/p>\n

The rapidly rising U.S. dollar is extremely deflationary for the overall global economy. This is a huge red flag<\/em>; hardly anyone is talking about it. While at the same time, another core currency, the euro continues to spiral into oblivion.<\/p>\n

\"red_flag_warning\"<\/a>Deflation still has the economy in its grip. But when all else fails, central banks can cause inflation in five minutes simply by voting to fix a gold price of, say, $3,000 per ounce. The Fed could make the price stick by buying gold at $2,950\/oz. and selling it at $3,050\/oz., in effect becoming a market maker with a 3.3% band around the target price.<\/p>\n

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If the Fed did this, all other prices including silver, oil, and other commodities would quickly adjust to the new price level causing up to 150% general inflation – problem solved! Don’t think of this just as an “increase” in the price of gold; it’s really a 60% devaluation of the dollar measured in gold.<\/p>\n

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Gold is an afterthought in the financial marketplace. It makes up less than 0.5% of the savings matrix of the average citizen. When it makes up such a small percentage, it doesn\u2019t take much in the way of buying or selling to create a significant move in prices. When a lessening of faith is seen in the U.S. dollar, a shift of 1% or 2% in investor allocation would make a huge difference for prices.<\/p>\n

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Gold responds to both fear and greed. If gold runs as a consequence of fear, the greedy buyers step up to take advantage of the momentum, and the fear of losing out on the trade exaggerate the run-up. This keeps up until the market collapses under its\u2019 own weight, and that is exactly what happened when gold jumped from $700 per ounce to $1,900 in such a short period of time. – What kicks off the gold trade is a lessening control of the 10-year Treasury note and, or the U.S. dollar. When weakness is spotted, gold should respond in positive fashion.<\/p>\n

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Freedom for the human race:<\/strong><\/p>\n

Freedom for the human race begins with freedom from servitude to corrupt money.<\/p>\n

\u201cThe American people have no idea they are paying the bill. They know that someone is stealing their hubcaps, but they think it is the greedy businessman who raises prices or the selfish laborer who demands higher wages or the unworthy farmer who demands too much for his crop or the wealthy foreigner who bids up our prices. They do not realize that these groups also are victimized by a monetary system which is constantly being eroded in value by and through the Federal Reserve System.\u201d<\/em> \u2013 G. Edward Griffin<\/p>\n

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Many activists and people with integrity are chipping away at the financial system by demanding a return to publicly managed, asset-backed currencies, and even by exploring new technologies like Bitcoin<\/a>, but, all of these efforts seem to be gaining momentum much more slowly than the current financial standard is stealing our prosperity and future. For this, many intelligent and prudent folks are preparing for the worst, a global economic collapse, which would inflict unimaginable, suffering on the world. Under the current money model collapse is inevitable.<\/p>\n

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People have got to own gold; it\u2019s the only financial asset that is not simultaneously someone else\u2019s \"too-big-to-jail\"<\/a>liability. Remember in reality, all of the major banks of the world are bankrupt. Between the fractional reserve system and the preponderance of bad loans and other factors, there isn\u2019t a one of them that can be trusted. – Worse, if you have a lot of money in a bank, you may think it\u2019s an asset, but the bank thinks it\u2019s a liability, and it\u2019s subject to seizure, come the bail-ins such as seen in Cyprus, and a few weeks ago Banco Caja Madrid went bust where at least 14.000 clients lost money. – The EU already had the groundwork made for these kinds of event.<\/p>\n

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Hope to end the crime bankers cartel:<\/strong><\/p>\n

Is there is any hope of overcoming the crime bankers cartel without the end of life as we know it? Can the human race go from a completely corrupt economy to an honest economy practically overnight without suffering the total devaluation of everything so many have worked for?
\nIt seems highly unlikely \u2013 de solution is simple debt free money. And there are some outspoken people getting behind the message they are powerful, yet benevolent and at work behind the scenes to do just that: bring about honest money for the world as a replacement to the fiat fraud and financial plunder people toil under now.<\/p>\n

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The White Dragon Society\u00a0<\/strong><\/p>\n

The battle between the White Dragon Society and the crime cabal has ended in favour of the White Dragon<\/a>. The Asian secret society has already won the lawsuit against the US Fed system, politically speaking. The \"blue_eyes_white_dragon_by_darklordjadow-d4b8jde\"<\/a>Fed has lost to the Asian Dragon Family. <\/strong>The amount of the lawsuit is over $ 1 billion<\/strong>. Of course this has not been publicly announced anywhere. In the court decision all the Asian gold was given back to its legal owners.<\/em><\/strong> It was a secret court decision. But will the Fed follow these orders? If so, the US Dollar will collapse. And as long the cabal cannot allow that, so consequently they succeed with World Wars, and that menace will continue.<\/p>\n

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A better Future:<\/strong><\/p>\n


\n<\/strong>Benjamin Fulford says about this the following<\/a>:<\/p>\n

\u00a0<\/strong><\/p>\n

\u201cOutside the circle of usual suspects involved in the debate about monetary policy are some interesting developments in progress. It is the unified wealthy group called the White Dragon Society or Family that offer hope for the world in this regard. Their major claim is that they are extremely powerful, yet benevolent, secret Asian organization that has the connections, influence and capacity to overcome the inertia of corruption in world finance, doing all of us a colossal favour of the highest order.<\/p>\n

The primary collaborator in this \u2018dynasty\u2019 the White Dragon Society, an above-the-law, and outside of the system, extremely wealthy family who is motivated to save the world from the grip of the evil Rothschild banksters and their financial manipulators.<\/p>\n

The White Dragon Society has proposed the creation of a world federation – not a fascist New World Order – in order to achieve permanent world peace and start a golden age of unprecedented progress and prosperity. The proposal was made, during on-going secret negotiations, to the Pentagon, the Vatican, the Chinese, the British Commonwealth and other power centres.<\/p>\n

Under this proposal, people representing the political consensus of nine major regional groupings would replace the United Nations Security Council. These would be Africa, China, and East Asia excluding China, Europe, Russia, India, the Muslim world, North America and South America. A majority would make decisions and each region would have a veto only for its own region. Each region would also have its own meritocratic-staffed future-planning agency and people owned central bank.<\/p>\n

In addition, a meritocratic future-planning agency would be established for planning mega-projects that transcend regions. Technocrats with good track records at existing international institutions like the World Bank and the IMF would be invited to join either this or one of the regional agencies.<\/p>\n

\"Better<\/a>The Pentagon, the Chinese armed forces and the Russian armed forces would gradually integrate to form a planetary protection force. So far the Pentagon and the agencies, the P2 lodge (the Vatican), the Chinese, the Russians, the Germans and the British have all given initial signs they support this plan. The creation of such a structure would make it possible to resolve all international disputes through arbitration, court cases or sporting events instead of war.<\/p>\n

It would also allow the release the equivalent of tens of trillions of dollars to spend on an unprecedented campaign to end poverty, stop environmental destruction, create new eco-systems and explore the universe among other things.<\/p>\n

In the public sphere there is strong evidence that a new system has been agreed upon in principle. When China announced its Asian Infrastructure Investment Bank<\/a>, the cabalists in Washington told their allies not to join. Since then, Australia, Brazil, Canada, England, France, Germany, South Korea, Russia, Denmark, etc. have all announced they would join. This forced the IMF and the World Bank to also announce their support. In other words, the secret controllers of the Federal Reserve Board have lost control.<\/p>\n

What is left of the old financial system is a combination of a functional retail system and a dysfunctional institutional system. In other words, salaries, electricity bills and the like are still being handled on a realistic basis at the street level but stock markets, bond markets, hedge funds and the like will have left the real world a long time ago.<\/p>\n

A rather basic introduction on the Dragon Family is in this video.<\/strong><\/p>\n

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