Wednesday, August 18, 2010

US Prepares For Gold Standard?

I have often written about the US Treasury and US Mint's very strange behavior when it comes to their part in continuing "business as usual" for the fiat monetary system. Although many have chalked up the Mint's rationing of Gold and Silver American Eagle coins to normal behavior of inept government employees and government bureaucracy, I have a much different take on the subject. I believe they are trying to DELAY and LIMIT the American Eagle program until such time as the US is ready to go back on a gold and silver standard.
To understand this objective it helps to go back to a very important moment in our monetary past...
It was March of 1982 when Reagan's Gold Commission released their final report on the "Role of Gold in the Domestic and International Monetary Systems". Although the Commission's recommendation was "no change necessary at the moment" the report was surprisingly frank about what the future might hold. The full report can be found here:
What I found most interesting is the report's conclusion on page 21 which I explored in this article:
Gold Standard Implementation Update
It is clear to me that from as far back as 1982 the US Government was aware of the potential (or even the likelihood) of a need to return to a Gold Standard.
More Here..


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9 comments:

  1. AnonymousAugust 18, 2010 at 11:08 PM

    Yea, It`ll be gold standard, alright; after the Gestapo Shitzenholen squads jackboot everybody`s doors down and steals their gold. Even 102 year olds in their Wurlitzer electric wheelchairs won`t be safe; they`ll be checkin`for gold fillings too. Of course that`s only after they`ve shut down every ten year old`s lemonade stands in the country. Cowardly blue-balled miscreants...

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  2. AnonymousAugust 18, 2010 at 11:43 PM

    Jeeeze US --- Take another bong hit.

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  3. AnonymousAugust 19, 2010 at 1:46 AM

    To the gold nay-sayers :

    I've 'seen' an All-Wheel-Drive utility wagon bartered for 2 oz/gold, roughly 1.5 thousand below BlueBook price, b/c the seller & buyer were both aware of the economic conditions, which allowed them both to mutually benefit (aka capitalize) on their personal supply/demand dynamics. One party got a highly valuable vehicle whilst the other party received an appreciating commodity. The transaction was executed via handshake, neither incurred any debt/liability, and both have realized the benefits of the transaction since its initial execution. One party has had time to earn more FRNs for conversion into metal for profit & received a reliable utility vehicle, whilst the other party has continues to realize gains on the exchange vs fiat FRNs. THAT is free market capitalism in its ideal form, and something that was quite gratifying to 'witness'. Gold works and smart people know it

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  4. AnonymousAugust 19, 2010 at 2:09 AM

    10.46 Peh! Give me freshly printed funny money anyday! A pic of Barry on one side sporting a gleaming toothy smile, and a pic of ¨American Gothic¨ on the other side just to show the meat puppets that the oligarchs still have home and hearth in mind. I would then spring for an honest-to-goodness Hummer like Arnold has six of.

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  5. AnonymousAugust 19, 2010 at 6:12 AM

    The only way they can go to gold standard is to take it from the citizens. If they do that it will surely ignite the next civil war. A much better idea would be to STOP SPENDING TO FREAKING MUCH MONEY. Cut ALL budgets by 50%, bring home our military from the many countries where they are not truly necessary (not all, just the less critical ones), and stop sending our money to foreign countries - they never appreciate America for all the help we give them, so STOP SPENDING OUR MONEY on these ungrateful foreign countries.

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  6. AnonymousAugust 19, 2010 at 7:14 AM

    YES 3:12, BUT YOU CAN'T STOP THERE! WE NEED TO DO AWAY WITH "ALL" ILLEGAL IMMIGRATION,LOWER TAXES, PUT ALL OF THESE POLITICIANS ON TRAIL, PUT ALL THE WAR CRIMINALS ON TRIAL, DO AWAY WITH ALL THE ALPHABET AGENCIES,DO AWAY WITH THE ENERGY DEPT.,EDUCATION DEPT. MAN! WE CAN GO ON AND ON!! I HAVE COME TO THE CONCLUSION IT ALL HAS TO FAIL, AND LET THE PATRIOTS OF THE CONSTITUTION REBUILD THIS ONCE GREAT COUNTRY.
    PS. HOW CAN "GOD BLESS THIS COUNTRY" WHEN WE KICKED HIM OUT???

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  7. AnonymousAugust 19, 2010 at 8:47 AM

    Yes 4:14 but we can stop there. We need to elect a world-god and build him a house of gold with steps of god up to the roof a hundred feet high.

    We will feed massive doses of meth and coke to politicians and banksters and drag them up kicking and screaming one by one to the roof and sacrifice them and let their blood run down through a hole in the roof onto our new god.

    Then he will proceed to the roof where he will survey his worshippers below, randomly choosing individuals from the crowd and giving them swords and spears to slaughter as many of the devotees as possible.

    Then they will all go pop maize and have cokes and watch the replays.

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  8. AnonymousAugust 19, 2010 at 3:54 PM

    5:47 YOU HAVE QUITE AN IMAGINATION? YOU SHOULD CONSULT A DOCTOR! ARE YOU OK?

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  9. AnonymousAugust 20, 2010 at 8:15 PM

    f all fake gods, how about no religion at all? John Lennon was right.

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