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Gold Remonetization: Past May Be Prologue

26-10-2018 < SGT Report 61 586 words
 

from Silver Doctors:



Fiat financialization certainly followed gold’s 1971 demonetization and with it, ever increasing banking leverage. This assisted in growing the disparity of wealth on display today globally.


Ongoing is also a decreasing standard of living for western middle classes along with the crowding out of business competition through oligopolistic mergers, many of which have led to less varied services, quality products, and pricing options.


Oligarchic beneficiaries, love insider benefiting financial systems. Monopoly men hate competition. The financial system we’ve had now for many decades, remains based on ever expanding record debt levels.



This is often what’s assisted in making many individuals, embarrassingly wealthy. But merely mutter the words ‘gold remonitization’ and many in the billionaire class (and their hired talking point artists) will shriek. What you will often hear back are unexamined, emotional, baseless arguments in retort. Case in point, a goldbug’s son who strayed…




There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning. – Warren Buffett, 2006



In terms of the next new monetary system, what is past may indeed be prologue.


One of the world’s most eloquent gold commentators, makes another excellent presentation on potential new monetary system changes to come.


Below we will backlink a way for you to see this thought provoking 40 minute presentation, but first we need to give you a bit of a background on the matter.


An ongoing contention remains that the financial system is unsustainably overleveraged right now. As we by now, have likely passed $250 trillion USD debt levels worldwide.


The viability of the current financial and monetary system is increasingly coming under question. We are likely one more financial crisis from seeing real changes.


Enter much gold standard ignorance.




Gold Standards are Enacted to End Financial Crisis


When people or even recent presidential candidates talk about gold standards, they often do so inferring that they are by choice. While in fact, history shows that not to be so.


Historic strict gold specie standards were often enacted to subdue financial crisis, and further protect against the hard lessons monetary maleficence can ultimately produce when left unchecked.



Recent Gold Monetary System Involvement Timeline



Pssst, did you know Bank and Financial Crisis are more common without Gold discipline?



Judging by their actions and recurrent news headlines today, the current rules based global order is not working for many rising powers (e.g. China, India, Russia, and other nations).


The new monetary system ‘rules of the game’ are more than likely going to be remade and reset perhaps sooner than most mainstream financial commentators, participants, and onlookers think.


Of course there have been many financial market commentators who have spoken aloud about IMF SDRs (Special Drawing Rights) as a proposed next monetary system solution.


Hardly ever mentioned is that the original SDR was defined as a fraction or slightly less than 1 gram of gold.


Read More @ SilverDoctors.com





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