While based towards the current fiat system like all MSM publications, the BBC has released an at least somewhat two-sided discussion on whether a gold standard would be beneficial at solving our current Western debt crisis.

Do we need to re-forge the link between money and something tangible?
A popular solution to the financial crisis has been to print more money, but is there another way of fixing our economy? Would the financial system be more stable if each pound, dollar or euro in our pocket was once again backed by gold?
As central banks around the world print trillions of pounds, euros and dollars in new money through measures like quantitative easing – which makes more sense: believing in money that is conjured out of thin air?

Or believing in a yellow metal you cannot eat, put in your petrol tank or even take to the shops?

While a £ note would surely make better toilet paper than an ounce of gold, perhaps we missed the issue of edible, gasoline-engine combustible pound notes?

The BBC’s bias becomes more evident later in the article:

“Every time the price of gold moved, you would find the value of that money in your pocket leaping up and down – an extremely volatile and unstable way to run an economy.”

This volatility of gold prices means it is also risky for investors like Brian and Frances, who have large amounts of their personal savings tied up in gold investments – £40,000 worth of gold might be worth less a year down the line.

And the value of paper fiat currencies are stable?  The price of gasoline, heating oil, and food remains flat for months at a time for investors who have large amounts of their personal savings tied up in dollar or pound currency investments?
Read more:

  1. Guys & Gals; Am I the only one that has noticed a news Blackout? Do a search on Operation High Roller/ Cyber Attack/ Bank Runs. Nothing Nada since the first leek of information 5 days ago!!! I posted the below sunday

    BANKING NEWS BLACKOUT?
    Considering all the crazy things going on with the banks world wide what happened to curent news on them? If you do any searches on the cyber attach, Bank Postal, NatWest, RBS, Bank Runs, JPM, Jamie Dimon, new is 3-4 days old. Witch is when the cyber attach happened.Doc posted the NatWest/RBS Glitch story on the 28th in french only? We heard of JPM 9 Billion loss, the Libor news and thats it. I wanted to know what was going on with bank runs & the cyber attach’s in europe but there is no up dates just all old news.
    What are thies storys not important? 
    MOVE ALONG NOW NOTHING TO SEE HERE!  
  2. Volatility in gold and silver is mostly caused by the same people that claim it is too volatile to be classed as a safe haven. Gold and silver production are quite steady, compared to the raggedy price charts, so the volatility is purely bank/speculator induced. Investment demand and/or industrial usage may be in excess of supply, which would cause a steadily rising price until things rebalance. This is not volatility, but a welcome and natural market force.

    If the world ever goes back on a gold standard, the elites will still own everyone and everything because the lion’s share of all the gold is in their vaults, where it always was. A metals standard, where a currency is backed by a basket of metals including copper and silver along with gold, would be better for us peons.
    And by backed, it must be exchangeable for the metal on demand. Not just said to be backed, but an actual ‘receipt’ for some metal. Then I’ll believe it.

    I think the next fiat will be a purely digital world-wide debt-based instrument.
    And it will only extend the current failing system to parts of the world not yet under control.

  3. Oil prices are based on Gold right now are they not? Gold would be set at a fixed currency price as it was before. And they fluctuate currency value anyway.

    This is all scare talk. 
  4. We only need to use Gold and Silver money if we wish to comply with the CONSTITUTION.

    I know there is an argument against real money. But it`s weak. Real weak. The elite manipulated us away from the CONSTITUTION.

    I FOR ONE, BELIEVE THE CONSTITUTION WAS RIGHT, IS RIGHT, AND WILL REMAIN RIGHT.

    But then again I have always known that if you give people a good deal, and some time, they will fuck it up.

    Im just saying.

     

  5. Duck Vision noted yesterday that these banking shut down issues have eased.  This may not mean that electronic systems are fully back up but it is entirely possible that there is a solid news blackout on this phenomenon.  I’m listening to Reggie Middleton of a boom bust blog who made a good observation that bank runs today won’t be people rushing to move their money out of harms way like Greece has seen in the last month or so.  The bank runs will be like Lehman where counter party banks start removing billions from the afflicted bank,  thus destroying that bank in 24-48 hours and usually over the weekend.

    This means that the bankers who think their money is at risk with Soc Gen, Credit Agricole, RBS, Nat West, B of A, The Morgue, DBank, Banco Santander, Uni Credit etc  will  electronically stripmine the funds from one or more zombie banks with a click of the mouse.  On  Monday we wake up to the MSM screeching that a mega bank failed.  If enough banks do this to each other we have a systemic collapse on several major banks that spreads like the proverbial contagion that Jim Willie speaks about.

      We will be watching this happen in front of us and be powerless to stop it or remove our money in time.  The vulture bankers will feed well and we get nothing.  On another note during the banking crisis of 2008 the LIBOR  TED spread increased dramatically.  A large part of the present fingerpointing and accusations of fraud stemmed from the attemped by bankers to hold that rate down because rapid increases foretold the banking problems that came to pass in 2008.  Manipulation of the LIBOR will probably take place again as bankers deperately try to hide their conflicts.  This will reflect very rapid changes as the Euro Banks come to the realization that they can’t afford to loan to each other, knowing that one or more of the fellow banksters could collapse overnight,  leaving the other banks even more insolvent due to hundreds of billions of Euros  losses.  Even today  EU banks are very reluctant to loan to each other, exacerbating the liquidity crises that will cause the entire Euro Banking system to fall apart.  The end of the world for Euro banking, with $45 trillion in assets bases, is a foregone conclusion.  That is 3 times the entire Euro zone GDP.  Once that happens the system will reboot but not after major pain there and here.

      Count on war in the  Middle East to provide a major distraction to the Euro collapse while bankers make billions on the conflict.  Bankers always do well in war time.  Fraud and other illegalities will go unnoticed as governments and the people are distracted by the body counts.   Once the war starts that will be a key  part of the end game we have seen developing for a year or more.  Greece, Italy,  Spain, Cypress, Portugal and other peripherals will get lost in the fray, becoming little more than collateral damage as war consumes our 24/7 news cycle.  Wars are a very convenient distraction to banking problems, financial crises and election cycles.  IMO

  6. Duck Vision noted yesterday that these banking shut down issues have eased.  This may not mean that electronic systems are fully back up but it is entirely possible that there is a solid news blackout on this phenomenon.  I’m listening to Reggie Middleton of a boom bust blog who made a good observation that bank runs today won’t be people rushing to move their money out of harms way like Greece has seen in the last month or so.  The bank runs will be like Lehman where counter party banks start removing billions from the afflicted bank,  thus destroying that bank in 24-48 hours and usually over the weekend.

    This means that the bankers who think their money is at risk with Soc Gen, Credit Agricole, RBS, Nat West, B of A, The Morgue, DBank, Banco Santander, Uni Credit etc  will  electronically stripmine the funds from one or more zombie banks with a click of the mouse.  On  Monday we wake up to the MSM screeching that a mega bank failed.  If enough banks do this to each other we have a systemic collapse on several major banks that spreads like the proverbial contagion that Jim Willie speaks about.

      We will be watching this happen in front of us and be powerless to stop it or remove our money in time.  The vulture bankers will feed well and we get nothing.  On another note during the banking crisis of 2008 the LIBOR  TED spread increased dramatically.  A large part of the present fingerpointing and accusations of fraud stemmed from the attemped by bankers to hold that rate down because rapid increases foretold the banking problems that came to pass in 2008.  Manipulation of the LIBOR will probably take place again as bankers deperately try to hide their conflicts.  This will reflect very rapid changes as the Euro Banks come to the realization that they can’t afford to loan to each other, knowing that one or more of the fellow banksters could collapse overnight,  leaving the other banks even more insolvent due to hundreds of billions of Euros  losses.  Even today  EU banks are very reluctant to loan to each other, exacerbating the liquidity crises that will cause the entire Euro Banking system to fall apart.  The end of the world for Euro banking, with $45 trillion in assets bases, is a foregone conclusion.  That is 3 times the entire Euro zone GDP.  Once that happens the system will reboot but not after major pain there and here.

      Count on war in the  Middle East to provide a major distraction to the Euro collapse while bankers make billions on the conflict.  Bankers always do well in war time.  Fraud and other illegalities will go unnoticed as governments and the people are distracted by the body counts.   Once the war starts that will be a key  part of the end game we have seen developing for a year or more.  Greece, Italy,  Spain, Cypress, Portugal and other peripherals will get lost in the fray, becoming little more than collateral damage as war consumes our 24/7 news cycle.  Wars are a very convenient distraction to banking problems, financial crises and election cycles but great for business. IMO

  7. Thanks AG;

    Iran is talking about blockading the Straits of Hormuz this morning. From oil freighters coming in to supply blockad nations.
    The ten year yield is 1.58 this morning 
  8. I see a gold backed currency in the future and the Elite are pushing it that way and guess who are loading up on PM’s?The Elite of course. All the negativity on PM’s right now are to get the peons to sell off so the Elite can get it.
    If Countries are buying it in the tons don’t you think they know something. LMAO Keep stacking

  9. Central banks all around the world are loading up on gold.  Do they know something?  My guess would
     be  not only “yes” but “HELL, YES!”.  Forget what the elite scum says but watch VERY carefully what they DO… and keep on stackin’.

  10. Rather than re-forge the link between money and something tangible, bring in Gold and Silver as money.  The moment you replace the physical metal with a paper representation or digital number, you have corruption and banksters moving in to manipulate and devalue currency.

Leave a Reply