Posts Tagged ‘John Maynard Keynes’

Establishment economists do what they’re paid to do, denounce gold standard

January 21, 2012

“rawstory” delivered up a story from AFP about a “panel” of 40 economists, “bipartisan” they said and repeated (oh yeah?), that denounced the idea of returning to a gold standard. They used the word “bipartisan” while they also mentioned that the other candidates are feebly echoing Ron Paul‘s support for a gold standard:

http://www.rawstory.com/rs/2012/01/18/economists-pan-idea-of-new-us-gold-standard/

AFP was pathetically backwards wrong on the Honduras situation in 2009, so I’m not surprised they repeat this globalist neo-conservative disdain for using money of genuine intrinsic independent value.

And “bipartisan” my rear end! as the expression says it. How stupid do you guys think we are? Go back to your Money 101 class, even Keynes bow to “full faith and credit of” clause, it’s a Keynesian trade secret.

What people need is a medium that is immune to the political whims of bankers like the ones that own the Federal Reserve, like gold. They can’t manipulate its worth, which these Master Manipulators think is a bad thing.

When the Fed increases the money supply, it’s the big banks that get the big dollars first, and that means they and their best and biggest clients the biggest corporations can use it to multiply their own record profits. Now with more money floating around prices go up because they chase after the same production of goods and services, ==> and that is the ROBBERY BY STEALTH that is fiat currency.

These are “experts” blessed by the political rulers to give their religious blessing. It’s an “opiate for the masses” so the blind can lead the blind into the ditch.

Ron Paul is right. Golden Rule Government is the best for all of us, the poor most of all.