Today’s Guest: Louis Cammarosano
Scattered recent analysis has centered upon the Gold Standard and its viability within the global financial system. The topic is certainly very blurred and at times confusing. Consider a recent article by a competent analyst Charles Hugh Smith of the site OfTwoMinds on the practicality of gold used as a standard. The article is entitled “The Problem With Gold-Backed Currencies” (which is found HERE and also on Lew Rockwell site HERE). He makes several points, many good ones. In the Jackass opinion, his analysis avoids many potential solution features, is premature on focus of the currency (and not trade), and is unfortunately backwards in the logic. The main criticism to put on the work is that he confuses the extreme difficulties created from decades of fiat currencies, with the supposed problems of installation of gold-backed currency. The entire article is not well developed, seems sketchy, and misses numerous very important features which are being considered. He does put many critical issues on the table, valuable for discussion. He offers no solution to his stated problems. In modern parlance, the logic put forth would indicate that since a heroin addict has so much difficulty with kicking the deadly habit, ravaged by delirious tremens, beset by extreme health problems, that one should conclude movement toward a clean sober life would have problems and simply would not work. Thus the backwards logic. Unfortunately, CHSmith produces straw dogs in the face of absent solutions. Let us examine the points made.
The Gold Standard is near perfect, provides sound money, and requires modern tweaking to make it work. The transition period will not be six months, but more like six years. The transition is possible, is workable, but with tremendous disruption and arduous adjustment. The victim nations would be many, but they hold much of the banking and military power. The Global Currency RESET is essentially referred to, which will render deadbeat economic nations as extremely vulnerable to systemic breakdown. The definition of deadbeat is tied to huge trade deficits and oversized current account deficits, coupled by extremely unmanageable national debt. They tend to have bloated welfare states and diminished industry. The United States qualifies as the most at risk, the most out of balance, and the worst from a debt and an industrial standpoint…
Source: Gold Standard Challenges
Trading in local currencies has already started — and lays the groundwork for facilitating BRICS transactions in gold Recent progress made in streamlining trade in local currencies has brought Moscow and Beijing closer to creating a financial architecture that could facilitate transactions in gold. As we reported last week, Moscow and Beijing took another step…
goldWall Street stocks plunged Thursday after Sean Spicer announced President Trump is “committed to breaking up the banks” as the campaign to drain the swamp and uproot the establishment moves into high gear. Trump recently pledged to “do a big number“ on the Wall Street reform law known as Dodd-Frank, and now spokesman Spicer has confirmed Trump is also committed to honoring his pre-election pledge to bring back Glass-Steagall…
(Stillness in the Storm Editor) Forbes is regarded as one of the most prominent globalist publications, often used as a propaganda outlet for the NWO agenda. In the following article, the magazine is calling for a return to the gold standard, along with taking the time to assert Trump is not informed about economic policy. If the globalists are calling for a return to gold, then perhaps this move isn’t the magical solution some have claimed it to be. We would do well to gain key knowledge and understanding about how money systems work so as to avoid being deceived again. Gold is not immune to manipulation…
Received via email at 11:11 AM EST for publication. ~ Dinar Chronicles
The NPTB are including more T5, T6 banks, in more countries, knowing that the RV is here both politically and diplomatically.
It’s an open secrete in extended geopolitical and military international circles now that the monetary reforms are being implemented. Including those of us paying hyper attention within the civilian or public classification.
We’re up to over 15,000 currency intake locations in just North America alone via the 3 pronged in-take strategy (volume, specialty, public).
This said, because more lower tiered banks are late arriving are being mercifully added, also why we are still made to wait.
On the bright side, this also indicates a global, mass tiered roll out is actively being pursued and in harmonious conjunction with our private / sovereign redemptions (aka… shot gun start).
Both Israel and Ukraine were given a twenty-four grace period to make their final leadership decisions starting on noon EST yesterday immediately following three senseless murder of Russia’s Ambassador to the UN–in his own embassy, at his desk.
Evil knows no boundary or discretion.
Netanyahu went to Singapore Sunday to beg–yes beg–the Chinese Elders for mercy as it relates to recognition of a Palestinian state. He was denied and told without emotion, “Humanity has reached the natural conclusion of your Zionism experiment.”
Snap! That just happened. Just amazing times in which we live.
And that’s where we stand on this beautiful Tuesday… hopeful, expectant and patiently together on the precipice of lasting and sustainable peace, prosperity and infinite possibility.
Hallelujah! Can I get an Amein?
Those who dared to believe in the benevolent hand of God having no equal will be first to witness and feel the warmth of Yahweh’s new day and new era of light and love.
It’s wise to open your heart again, even more than you already have done, because the raw energy of the RV releasing upon the world will overwhelm all physical senses.
People who think they’re ready, aren’t. People who surrender to process will be best equipped to go with the flow versus attempting to manage or control the flow of Heaven. M
Laughter. Joy. Innocence. Humility. Appreciation. Mercy. Sustainability. Abundance. Surrender. Service. These are new pillars by which to live your life.
Let everything else go as if it’s old work baggage that no longer serves you or anyone else for that matter. Leave what has been back with the “has beens.”
Know that all transition resistance has been fully broken, and the RV is officially here–which is why you’re starting to see the gold standard more widely acknowledged and also publicly hinted at on mass media.
They’re preparing us for what lay ahead. And it’s glorious.
God is with us.
As John Rubino eloquently puts it, “when the history of these times is written, former Fed Chair Alan Greenspan will be one of the major villains, but also one of the greatest mysteries. This is so because he has, in effect, been three different people.” Greenspan started his public life brilliantly, as a libertarian thinker who said some compelling and accurate things about gold and its role in the world. An example from 1966: “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.”
Yet everything changed a few decades later when Greenspan was put in charge of the Federal Reserve in the late 1980s, instead of applying the above wisdom, for example by limiting the bank’s interference in the private sector and letting market forces determine winners and losers, he did a full 180, intervening in every crisis, creating new currency with abandon, and generally behaving like his old ideological enemies, the Keynesians. Predictably, debt soared during his long tenure…