Wednesday, December 03, 2008
What would happen if gold were plentiful - a lesson for fiat money
like that produced by the Federal Reserve:
"Throughout the ages, gold has stood the test of time as a
consistently reliable medium of exchange, and has frequently been
referred to as "God's money", as only God can make more of it.
Seeking superhuman power over money in the way alchemists did in
ancient times caused society to shun them as charlatans. In much the
same way, free people today should be sending the message that this
power and control over our money is no longer acceptable."
"The irony is that even had the ancient practice of alchemy been
successful, and gold was suddenly, magically made abundant, alchemists
still would have failed to create real wealth. Creating gold from
lead would have cheapened its status to that of rhinestones or cubic
zirconia. It is unnatural and dangerous for paper to be considered as
precious as a precious metal. Our fiat currency system is crumbling
and coming to an end, as all fiat currencies eventually do."
Read more at: http://tinyurl.com/6fhst8
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