Really, I’m serious. We have published a lot of heavy articles coping with important issues regarding Gold along with the Unadulterated Defacto standard; articles in regards to the main issue, regarding the mechanisms of the Defacto standard, concerning the good reputation for Gold, about the economic impact of Gold circulation, etc. etc… but no articles regarding the effects of an authentic Gold Standard by using an actual, average person.
Well, this number of articles tackles this very issue. Why indeed should the average person or Jane, someone in the heart of the wages range; the wage earner, the retiree, the newest graduate starting their economic life… how is it that they be interested in Gold or even a Gold Standard?
In fact, Gold is good for the rich, right? And isn’t Gold in the Central Banker’s vaults merely a ‘tradition’? Isn’t Gold a ‘Barbarous Relic’? And surely, there is not nearly enough Gold in the world to exchange the trillions of Fiat paper currency in circulation? And, if there was a Gold Standard, how could which affect ‘ME’… ? The average ‘ME’ on earth has hardly any if any Gold… so introducing a Defacto standard wouldn’t be fair to ‘ME’… would it not?
At any time I start musing concerning the Defacto standard, I see a robust, emotionally charged (for me personally) image. It is an image of my long departed father. Whenever my dad recalled his youth, telling me about his adventures… and misadventures… as a young man in Hungary, however inevitably find yourself reminiscing in regards to the ‘peaceable days’… and each time he did, his eyes would take on a soft, far away glow; his features would become gentle, relaxed, indeed he appeared as if he was reminiscing in regards to the Garden of Eden.
Well, as being a son I wasn’t sure what he meant, nevertheless the emotional impact stayed when camping… recognize that my dad wasn’t generally ‘soft’ or ‘relaxed’. Nevertheless, I ultimately located realize that by ‘peaceable times’ he meant the changing times prior to madness of ‘The Great War’, WWI.
Later, once i studied Austrian economics and met Professor Fekete and attended his Defacto standard University Live, I stumbled on understand a lot more; namely WHY pre WWI days were for these a magical quality, a marvelous quality to never be viewed again… I found out that it absolutely was because before WWI the world economy ran on the Classical Defacto standard.
Make a world where your wages are paid in solid, actual Gold and Silver coins… not scraps of paper subject to bankster and G’man whims ( G’man is American slang for all those government… including corrupt, power seeking politicos, entrenched, uncaring bureaucrats, torturing secret service apparatchik… these ); but solid, real stuff can not be ‘printed’ at some crooked politician’s whim, real issues that actually gains purchasing management of many years. Suppose that in case you simply stash a few of your wages within a pillow, and do nothing else… you may become richer annually.
Because that is what happens within system of honest money; since the economy grows, weight loss productive technology is created, the expense of producing, transporting, and retailing falls… so the price of everything slowly, gradually falls as well… along with your wages and savings count more annually… without resorting to a raise or possibly a promotion… and without making use of some risky ‘investment’.
Imagine a world in which you reach actually keep your money… rather than having it confiscated by G’man, by bankster interest charges, and most insidiously by what are named as ‘inflation’… more precisely, by ‘monetary debasement’.
Because that is certainly our world under Fiat paper; prices of everything rise as an alternative to falling, wages never keep up with price increases, and any savings you could be in a position to scrape up will probably be destroyed with the evil of ‘inflation’… but Mr. Bankster says ‘some inflation is good for us’… yeah, great for him and the bankster buddies… definitely not throughout us. She has a printing press… we don’t.
Visualize a world where war is incredibly rare, because no G’man can afford a significant war under Gold. Indeed, because the war clouds gathered before WWI, the pundits predicted that no major war could last lots of months, for the reason that combatants would run out of money… run out of Gold, which is. War is very expensive, in the wealth and in blood. The Defacto standard was sabotaged so the G’man could print endless paper currency to fund the evil slaughter of WWI.
Because which is our universe under Fiat paper; the G’man are able to afford war… so he thinks… since their bedfellows the banksters will simply ‘print up’ some more paper currency and lend it for the G’man… and naturally hit ‘ME’ and you for your interest rates.
Indeed, in case you look around, the thing is that insane investing in the military, and wars on everything, everywhere. Our universe is all about as not even close to ‘peaceable times’ as possible possibly get. Destruction of humanity is but a button discourage… along with a psychopath has his finger about the button.
So, dear ‘ME’… could you prefer a world which you could accumulate real wealth by earning regular wages, and saving some… or this Fiat world in which you must run ever faster, work ever harder, ever longer only to ‘keep up’? Could you want a world where one wage earner can keep his family well fed, housed, clothed… or this Fiat world, where both man and wife must work ever harder only to ‘keep up’… whilst the children get indoctrinated in G’man youth gulag… er public school?
Could you choose to live at peace using your neighbors, ‘live and let live’, while trading with these for mutual benefit; ‘let’s produce a deal’… or would you would rather keep our Fiat world, a world packed with war, terrorism, tyranny, neighbor killing neighbor… your global where you should ‘kill your neighbor just like you do not they could kill you first’? And the other way round?
If any of this does get your attention, I’m glad. People must wake up, must understand the truth instead of believing all the Big Lies they may be told… and provide switch to the world by living the modification themselves.
Next few articles, we’ll look more closely at some of the Big Lies which have been spread about Gold. We’re going to address the concerns you might have about how a Gold Standard would affect you… and ‘ME’.
Rudy J. Fritsch was given birth to in Hungary in 1947, and fled Socialist tyranny through the Hungarian Revolution of 1956. His family had lived through WWII as well as the consequent Hungarian hyperinflation, thus he has intimate knowledge about monetary destruction.
A student of Austrian economics, he is Honorary Chairman of Fekete Research and holds a Masters Degree in monetary science through the New Austrian School of Economics.