Socio-Economics History Blog

Socio-Economics & History Commentary

Dr Deagle & Tim Alexander: Stooges of Lucifer Attempting To Start World War 3!

August 31, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Comments Off on Dr Deagle & Tim Alexander: Stooges of Lucifer Attempting To Start World War 3!

Peter Schiff: The US Will Be On A Gold Standard In 12 To 24 Months!

“They are planning through the IMF to come up with the world currency to replace the dollar because the dollar will be replaced … come up with another paper currency controlled and ruled by the United Nations and IMF!” – Ron Paul

“Are we going to go another step further into INTERNATIONAL MONEY … are we gonna go toward a U.N./IMF STANDARD where they are going to control with the USE OF FORCE another fiat standard. That’s what many people are working for and I CONSIDER THAT A VERY DANGEROUS MOVE!” – Ron Paul

  • The Illuminist plan is a global currency crisis (Sep-Oct 2012??). It will begin in the PIIGS, the Euro will collapse, it will spread across whole of Europe, UKP, SFR … JPY .. Asian currencies … and finally the USD will collapse. All fiat currencies are going down the toilet bowl of currency debasement. Out of this crisis/chaos, the Illuminists will introduce their One World Currency backed by gold. How do you get countries all over the world to accept this One World Currency, this New Financial Order? By destroying all fiat currencies via hyperinflation! All who reject this new Monetary Hegemony will face war!

    Schiff – The US Will Be On A Gold Standard In 12 To 24 Months! 
    by www.kingworldnews.com
    Today Peter Schiff stunned King World News when he said the US will be back on a gold standard “… in a year or two.” Schiff also said, “I would have expected a (financial) collapse to have already happened.”  Schiff went on to warn, “… at this point I’m going to assume there is no more stay of execution and we are going to have our crisis coming up right after Europe.”

    But first, Schiff had this to say regarding Bernanke and his Jackson Hole speech: “QE3 is coming.  He’s got that card up his sleeve.  It’s been hidden up there for a long time.  He’s reluctant to admit it, but he will play it eventually.  He’s going to be coy about it because he doesn’t want to actually come out and reveal his hand.”

    read more!

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August 31, 2012 Posted by | Economics | , , , , , , , , , , , , , , , , , | Comments Off on Peter Schiff: The US Will Be On A Gold Standard In 12 To 24 Months!

British Monarchy Deploys To Ram Through Hyperinflationary Bailouts!

  • To be precise, it is the Anglo-American-Zionist western Illuminati, the Black Nobility of Europe, the 13 Satanic bloodlines who are driving the world to global economic, financial, monetary collapse and their Satanic World War 3 plan!

    British Monarchy Deploys to Ram Through Hyperinflationary Bailouts! 
    by http://larouchepac.com/ 
    The next two weeks will be decisive in the British Monarchy’s drive to ram through a new round of deadly hyper-inflationary bailouts of their bankrupt system. It is clear that the policy fight around this is by no means settled.

    * August 31: Federal Reserve Chairman Ben Bernanke will speak at Jackson Hole, where some say he will announce a new round of “quantitative easing,” or QE3. But Mohamed El-Arian, the CEO of Pimco, the world’s largest bond-trading company, said that Bernanke will not provide any new specifics there: “The minutes [of the last FOMC meeting] were consequential, and we don’t expect Bernanke to take it further than what the minutes said,” according to El-Arian. “It’s highly probable that he will outline the options that the Fed has available and the commitment to do more if needed” — but no more than that.

    * September 6: The ECB will meet to hear Mario Draghi’s presentation of his plan for ECB bond-buying and other novel bailout gambits. An August 28 New York Times article opens by reporting that Draghi, merely by putting the option of bond purchases on the table as a live option, “has helped the euro zone survive the month of August. But can he save September?” In other words, so far Draghi has talked the talk; but next he will have to walk the walk. Will he be able to push the policy through, given German and other opposition?

    * September 12: What everyone is waiting for: the German Constitutional Court will meet to issue its finding on the ESM.

    * September 12-13: The Fed’s FOMC will hold its next meeting, where QE3 will be on the table. Will they pull out the “big bazooka” yet again, this time on the eve of the U.S. elections?

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August 31, 2012 Posted by | Economics | , , , , , , , , , , , , , , | 1 Comment

Kidnapped Marine Speaks Out Against Government Tyranny!

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New World Order Dark Agenda Revealed by Artist MEAR ONE !

August 31, 2012 Posted by | EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , | Comments Off on New World Order Dark Agenda Revealed by Artist MEAR ONE !

Keiser Report: Monopolies, Military, Mayhem…

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August 31, 2012 Posted by | Economics, Social Trends | , , , , , , , , , , , , , | Comments Off on Keiser Report: Monopolies, Military, Mayhem…

US Plots To Isolate Iran Fail as 120 Nations Attend NAM Summit !

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‘I Saw Rebels Beheading Men for Religion!’ – Syrian Cleric!

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Alex Jones: Fruits of The New World Order is an Abomination!

Revelation 17:3~6, .. And I saw a woman sitting on a scarlet beast which was full of names of blasphemy, having seven heads and ten horns. 4 The woman was arrayed in purple and scarlet, and adorned with gold and precious stones and pearls, having in her hand a golden cup full of abominations and the filthiness of her fornication.(a) 5 And on her forehead a name was written: MYSTERY, BABYLON THE GREAT, THE MOTHER OF HARLOTS AND OF THE ABOMINATIONS OF THE EARTH. 6 I saw the woman, drunk with the blood of the saints and with the blood of the martyrs of Jesus. Graphic source: http://watchmanreports.com/

August 31, 2012 Posted by | EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , , | Comments Off on Alex Jones: Fruits of The New World Order is an Abomination!

Exposing Israeli Teens To IDF Abusing Palestinian Children!

  • Exposing Israeli teens to IDF child abuse! 
    by Oded Shalom, http://www.ynetnews.com/ 
    Series of testimonies provided by IDF troops shed light on army’s abusive behavior towards Palestinian kids in new report; group aims to prepare next generation of soldiers for harsh reality

    The year is 2005. An Armored Corps battalion is stationed in the West Bank, near Nablus. Its goal? To protect the Trans-Samaria Highway from terrorists.


    “We would go into the villages on a daily basis, two-three times a day at least, to demonstrate our presence,” one of the soldiers says. “To show that we are here, that (the land) is ours and not yours.

    “How do you do that? You send in a patrol squad or two, two Hummers followed by a Storm (armored personnel carrier). You set them loose in the villages. You send in an entire unit that marches in two rows down the streets, like a military parade.

    “Sometimes, the commander would get bored and would decide to prove himself to the regiment commander… He would generate more and more friction, crush the population as much as possible, make their lives as difficult as possible. This in order to stop them from even thinking about throwing stones on the Trans-Samaria Highway, not to mention Molotov cocktails.

    “Eventually it would work. The population would become so scared that people would just cower together. They would hardly ever go outside.”

    Pointing gun at child’s head
    The soldier’s account is just one of 30 testimonies featured in a new report released by Breaking the Silence, an organization that since 2004 has been interviewing IDF troops about their service in the West Bank. Fresh from the printers, thousands of copies of the report have arrived at group’s headquarters ahead of the fast-approaching school year. Next week, they are to be distributed among the next generation of IDF soldiers – high school students in Tel Aviv and Jerusalem

    “The first time you point a weapon at a 5-year-old kid, you say that it isn’t right,” the soldier says in his statement. “But that changes when you go into the village and they throw stones at you. If you’re in the village, and you pass by a school, you’re automatically pelted with stones.

    “Once, my driver got out, caught some kid and beat him up, really beat him up, for just sitting there. I think he just resembled some other kid, or maybe he wore the same T-shirt, or perhaps it was the same kid, but that isn’t the point. He gave him a severe beating. He didn’t even detain him, he just beat him up.”

    In another incident described by the soldier, a company commander grabbed a 12-year-old boy, got him to crouch on his knees and yelled threats at him in order to intimidate the other children, who earlier threw stones at the troops, into coming out on the street for questioning.

    “It was like something out of a movie about Vietnam,” the soldier says. “(…) it was clear that the threats weren’t real, he’s an officer, after all… He screamed at the kid to shut up, because he started crying and peed his pants.” Eventually, a village elder came out and convinced the commander to let the boy go. The next day, two Molotov cocktails were hurled at vehicles on the highway.”So we didn’t even do our job,” the soldier said. “And it makes you wonder, what is our job, anyway?”

    Making Palestinian lives hell
    Breaking the Silence’s report is different from its predecessors in the fact that it focuses entirely on the way that troops treat Palestinian minors. While the group initially struggled with the decision to expose Israeli high school students to the grim incidents so graphically described in the report, the activists deemed the move “necessary.””Exposing our teens to this reality is not a trivial matter,” says Avner Gvaryahu, a former soldier who now works for the organization. His own testimony is featured in the latest report.”I have a 16-year-old brother. He’s super cute… He recently received his first draft summons, and it is my first instinct to shield him from the bad stuff.

    “The group hesitated to distribute the brochure among high school students… but it was eventually decided to go through with it. I’m queasy about it even though I understand that it’s necessary… If you’re old enough to enlist and carry a weapon, you’re old enough to know what’s really happening in the territories.”

    Gvaryahu, 27, studied social work and now works for Breaking the Silence as a Hebron tour guide. He spent his army service with the Paratrooper Brigadge’s Orev Unit.  “They trained us to fight a real army, to shoot anti-tank missiles,” he says. “No one prepared us for the routine activity. “For us it’s routine, but for them it’s an impossible reality, hellish even. And I’m referring to the children.”

    read more!

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

“ … it turns out the creation of Israel had not, after all, been a haphazard fight in which the Arabs fled their homes at the directives of their own leaders, but it had been an unprovoked, systematic campaign of ethnic cleansing by the Jewish militia involving massacres, terrorism and the wholesale looting of an entire nation.” from 4:22 onwards

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August 31, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , , , , | Comments Off on Exposing Israeli Teens To IDF Abusing Palestinian Children!

Morgan Stanley is Insolvent – Only a Matter of Time Before Total Financial Collapse!

Global economic, financial and monetary collapse super storm is coming!

  • Emphasis mine:

    Morgan Stanley is Insolvent – Only a Matter of Time Before Total Financial Collapse! 
    by Susanne Posel,  Site Administrator 
    The fall of the House of Morgan has begun as stock prices on the global market at Morgan Stanley (MS) begin to fall on the New York Stock Exchange (NYSE).

    According to Rick Wiles : “I’m hearing rumors that another major financial house is going to implode. In fact, the name I’ve been given is Morgan Stanley . . . It’s going to be put on the sacrificial alter by the financial elite.”

    MS, technically speaking, is classified as insolvent based on mark-to-market valuation. By selling off non-core assets, MS has been able to “reduce its European exposure” through the manipulation of hedge funds and allocation of funds to failing financial corporations. Some mainstream media outlets tout that the Federal Reserve Bank will come in and assist MS in their insolvency and that MS “just isn’t going out of business anytime soon.”

    However, on the bond market, MS is being treated like “a junk-rated company.” Moody’s the rating agency that sells their ratings to whomever will pay for a triple A score, have announced they will downgradge MS’ ratings which would put all US banks at risk.

    Otis Caset, director of credit research at Markit confirms: “What has driven that, obviously, is Europe. The perception is — correctly or incorrectly — that Morgan Stanley is one of the U.S. banks most exposed to Europe’s problems.”

    In 2008, with the first pre-meditated financial explosion , the cause for the bailout of the banks was a large sum of cash needed quickly to repay China who had purchased large quantities of mortgage-backed securities that went belly-up when the global scam was realized. When China realized that they had been duped into buying worthless securitized loans which would never be repaid, they demanded the actual property instead. The Chinese were prepared to send their “people” to American shores to seize property as allocated to them through the securitized loan contracts.

    To stave this off, the American taxpayers were coerced by former President Bush and former US Treasury Secretary Hank Paulson. During that incident, the US Senate was told emphatically that they had to approve a $700 billion bailout or else martial law would be implemented immediately. That money was funneled through the Federal Reserve Bank and wired to China, as well as other countries that were demanding repayment for the fraudulent securitizations.

    To further avert financial catastrophe, as well as more debt or property seizure threats by the Chinese, the Euro was imploded there by plunging most of the European countries into an insurmountable free-fall for which they were never intended to recover.

    MS exposure to mortgage-backed securities and derivatives fraud may have finally brought the financial implosion to America. As Otis points out, it is the exposure to the Eurozone that was the nail in the coffin at MS. This only furthers the fact that financial collapse is imminent in America and the repercussions are already laid out.

    However, this planned implosion of the mega-banks only serves to fit the global Elite’s plans.

    John Paulson recently traded in his stocks for 4.53 million shares in SPDR Gold Trust (GLD) while investing deeper into NovaGold Resources.

    George Soros has also sold his shares and interest in JPMorgan (701,400 shares), Goldman Sachs (120,000 shares), and Citigroup (420,000). He has reallocated these funds to gold. The insolvency of MS means that the customer funds that are held in MS can be hypothecated (or co-mingled) by the bank into their funds to be used to pay off any loans or debts owed by the bank.

    Earlier this month, on August 9th, the 7th Circuit Court of Appeals (CCA) ruled that BNYM can be moved to first in line of creditors over the customers that had their funds stolen by Sentinel Management Group (SMG).

    Before SMG collapsed in 2007, Eric Bloom, former chief executive, and Charles Mosely, head trader of SMG stole $500 million in customer secured funds and were indicted because they exposed customer segregated funds to “highly risky derivatives.”

    The SMG ruling means that the Federal Deposit Insurance Corporation (FDIC) and Securities Investor Protection Corporation (SPIC) regulatory systems will not insure customer funds, investments, depositors and retirees who hold accounts in banks.

    In fact, the banking institution is now legally allowed to use those customer funds deposited as collateral, payment on debts for loans made, or free use on the stock market to purchase investments as the bank sees fit. When a customer deposits money into a bank, the bank issues a promise to have those funds available when the customer returns to withdraw the deposited amount.

    With the SMG ruling, those funds become property of the bank once they are deposited. If the bank is insolvent, under duress or filed bankruptcy, those customer deposited funds can be co-mingled with the bank’s funds and used for the purposes of the bank without recourse to the customer.

    As explained in Readiness Exercise 1984 (Rex84) the end of the US dollar combined with civil unrest would cause the US government to declare martial law in order to preserve continuity of government.

    Since 2010, all the mega-banks in the US have filed resolution plans with the Fed describing how to liquidate banking assets without causing further damage to a failing financial system. By selling “non-core assets” without upsetting shareholders while protecting the monetary system, taxpayers and creditors is the work of the mega-banks who have contributed solely to the destruction of the global financial markets.

    Both Bank of America and Citibank have already begun liquidity with the sale of their non-core assets proving that these two financial institutions are insolvent. Add to this list MS.

    While mega-banks are unloading their assets under duress, they are acquiring smaller banks and keeping their names to fool the American public into thinking they are banking with an independent as they consolidate financial power in the US.

    In response to the coming implosion, the Federal Reserve Bank is inventing electronic fiat. This keeps the Ponzi scheme going. On the surface it all appears to ok. However, undercover and out of the general public’s sight, the manipulation of insurance rates, market values, mortgages are directly contributing to the complete banking system collapse.

    An estimated 70% of some of the mega-bank’s worth is provided by the government by subsidies; meaning that without the money provided by the US government, these banks would go under tomorrow. And by watching the financial climate as it is emerging, it appears that we are witnessing just that. Combined with the solicitations of the Department of Homeland Security (DHS) for 1.8 billion rounds of hollow point bullets, 1400 pounds of highly dense explosives material and urban warfare drills being conducted across the nation, it is clear that this insolvency of MS is one more proof that martial law coinciding with financial collapse is dangerously close.

Why is there a Satanic ‘666’ Hexagram on the 450 million hollow tip rounds ordered by the DHS?

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August 31, 2012 Posted by | Economics, Social Trends | , , , , , , , , , , , , , | Comments Off on Morgan Stanley is Insolvent – Only a Matter of Time Before Total Financial Collapse!

Gerald Celente, Jim Willie, Ann Barnhardt And Marc Faber: ‘Get The Hell Out’!

Global economic, financial and currency controlled demolition, collapse coming!

  • Gerald Celente, Jim Willie, Ann Barnhardt and Marc Faber: ‘Get The Hell Out’! 
    by Dominique de Kevelioc de Bailleul, http://marketdailynews.com/ 
    The message to investors should be most clear by now: Quickly get your cash out of financial institutions and buy some gold.

    “It’s very dangerous to put everything in cash with MF Global or another financial institution, because I’m not too sure about the law . . . if the law will protect you as a depositor or an account holder,” editor of the Gloom Boom Doom Report Marc Faber tells Bloomberg.

    Whether the messenger comes way of an up-straight and straight-up N.Y. City Italian, an exiled American living in Central America, a young woman totting firearms and a Bible, or an eccentric Swiss-born money manager living in Chiang Mai, Thailand, each warn investors and savers that cash on account is not safe at financial institutions—no matter how much the FDIC or SIPC insures.

    Gerald Celente, Jim Willie, Ann Barnhardt and, now, Marc Faber warn the runs on Greek, Spanish, Italian and several Eastern European banks will eventually come to the U.S.  And if investors and savers think they’re covered in the event of a failure, a media-downplayed ruling by United States Court of Appeals for the Seventh Circuit of Aug. 9, regarding the bankruptcy case of Sentinel Management Group, too many will come to know that their cash is most definitely exposed to what many say is legal theft.

    “The system is rigged. . . if you don’t have it [assets] in your possession, you don’t own it,” said Celente, following word that his commodities brokerage account was seized in Jon Corzine’s MF Global bankruptcy of Oct. 31, 2011.

    “JPM has seen fit to gobble private accounts at both MF Global and PFG-Best, with regulatory blessing as the courts sprinkled fascist holy water,” writes Jim Willie of the Golden Jackass newsletter.

    “If you don’t understand what ‘get the hell out’ means, there’s not much I can do for you,” Ann Barnhardt commented, after hearing of the Seventh Circuit of Appeals ruling.

    In the case of Sentinel, its creditor, BNY Mellon, contended that its secured loan with the Chicago futures brokerage firm takes priority over other loans which may have been secured by Sentinel’s pledge of allocated accounts.

    “The appeals court affirmed an earlier district court ruling that the bank had a ‘secured position’ on a $312 million loan it gave to Sentinel, which turned out to have been secured by customer money,” according to Reuters of Aug. 9.

    “I don’t think that’s what the Commodity Futures Trading Commission had in mind” with its requirement that brokers keep customer money separate from their own,” Reuters quoted Sentinel trustee Fred Grede.

    “It does not bode well for the protection of customer funds,” he added, “I’m sure Mr. Corzine’s attorneys will get a hold of this ruling and use it for all it’s worth.”

    read more!

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August 31, 2012 Posted by | Economics | , , , , , , , , | Comments Off on Gerald Celente, Jim Willie, Ann Barnhardt And Marc Faber: ‘Get The Hell Out’!

Lindsey Williams: Order Out of Chaos! The Coming Luciferian New World Order! One World Currency Backed by Gold !

August 31, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Lindsey Williams: Order Out of Chaos! The Coming Luciferian New World Order! One World Currency Backed by Gold !

NATO’s Pan-Arab Terrorist Blitzkrieg of Syria And Algeria!

NATO’s intervention in Libya has resurrected listed-terrorist organization and Al Qaeda affiliate, LIFG. It had previously fought in Iraq and Afghanistan, and now has fighters, cash and weapons, all courtesy of NATO, spreading as far west as Mali, and as far east as Syria. The feared “global Caliphate” Neo-Cons have been scaring Western children with for a decade is now taking shape via US-Saudi, Israeli, and Qatari machinations, not “Islam.” In fact, real Muslims have paid the highest price in fighting this real “war against Western-funded terrorism.”

  • NATO’s Pan-Arab Terrorist Blitzkrieg of Syria and Algeria
    by Tony Cartalucci, Contributor, Activist Post
    Western policy makers admit that NATO’s operations in Libya have played the primary role in emboldening Al Qaeda’s AQIM faction (Al Qaeda in the Islamic Maghreb). The Fortune 500-funded Brookings Institution’s Bruce Riedel in his article, “The New Al Qaeda Menace,” admits that AQIM is now heavily armed thanks to NATO’s intervention in Libya, and that AQIM’s base in Mali, North Africa, serves as a staging ground for terrorist activities across the region.

    AQIM, like their Libyan counterparts, the Libyan Islamic Fighting Group (LIFG) are both listed by the US State Department as “Foreign Terrorist Organizations.” Likewise, both the UK Home Office (.pdf, listed as GSPC) and the UN recognize both organizations as terrorists.

    Despite this, military intervention in Libya was pursued by the West and condoned by the UN with full knowledge that the militants leading so-called “pro-democracy uprisings” were in fact merely the continuation of decades of violent terrorism carried out by Al Qaeda affiliates. The West had full knowledge of this, primarily because it was Western intelligence agencies arming and supporting these militants for the last 30 years, in Libya’s case, while coddling their leaders in Washington and London.

    Additionally, the US Army itself meticulously documented foreign terrorists fighting in Iraq and Afghanistan, noting that the highest percentage per capita emanated from Libya’s cities of Benghazi and Darnah, the so-called “cradle” of 2011’s “pro-democracy uprisings” in Libya.

    read more! 

“The ultimate goal that these people have in mind … is the goal to create a One World Government run by the banking industry .. run by the bankers! … The whole agenda is to create a One World Government where everybody has an RFID chip implanted !”
– Aaron Russo 0:15 onwards


“He’s (Rockefeller) the one who told me 11 months before 9/11 ever happen, there was going to be an event. .. And out of that event we will invade Afghanistan, (for) the pipelines to the Caspian sea. We were going to invade Iraq .. to take over the oil fields, establish a base in the Middle East and make it all a part of the New World Order! And we will go after Chavez Venezuela. Sure enough 9/11 happened ! … And there was going to be this War on Terror which has no real enemy. And the whole thing is a giant HOAX! … This whole War on Terror is a FRAUD! ”
– Aaron Russo 2:30 onwards

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August 31, 2012 Posted by | GeoPolitics | , , , , , , , , , , , , , , , | Comments Off on NATO’s Pan-Arab Terrorist Blitzkrieg of Syria And Algeria!

The Gold Standard Goes Mainstream!

  • THE PROTOCOLS OF THE LEARNED ELDERS OF ZION (Satanic)
    Protocol III Methods of Conquest
    … We shall create by all the secret subterranean methods open to us and with the aid of gold, which is all in our hands, A UNIVERSAL ECONOMIC CRISES WHEREBY WE SHALL THROW UPON THE STREETS WHOLE MOBS OF WORKERS SIMULTANEOUSLY IN ALL THE COUNTRIES OF EUROPE.
  • When the propaganda MSM sells the gold standard which they have attacked for over 40 years, you know something is up! The Illuminists are social engineers. They manipulate the sheeple constantly via brainwashing and propaganda. They want the sheeple to desire, to demand, to accept …. their pre-planned solutions. All the recent talk, introducing the gold standard is to lay the groundwork for the collapse of the USD and the introduction of the One World Currency backed by gold. Fiat currencies will collapse via hyperinflation when the USD collapses creating the crisis needed for the launch of this One World Currency! When this One World Currency backed by gold is introduced, all fiat currencies (which are backed by NOTHING) will fall in value against it. They will promote this One World Currency with “as good as Gold”. The Global Supra-National Central Bank (likely IMF 2.0) is coming soon, thereafter ‘666’.

    The Gold Standard Goes Mainstream! 
    by SETH LIPSKY, http://online.wsj.com/home-page 
    In the ferment within today’s Republican Party, there’s a growing realization that America’s system of fiat money is part of the economic problem.

    An under-reported development of this campaign season is the Republican Party’s decision this week to send Gov. Mitt Romney into the presidential race on a platform effectively calling for a new gold commission. The realization that America’s system of fiat money is part of its economic problem is moving from the fringes of political discussion to the center.

    This is a sharp contrast from the last time a gold commission was convened, in 1981, a decade after President Nixon abandoned the Bretton Woods system and opened the era of a fiat dollar. The 1981 commission recommended against restoring a gold basis to the dollar. But two members—Congressman Ron Paul and businessman-scholar Lewis Lehrman—dissented and outlined the case for gold.

    The new platform doesn’t use the word “gold,” describing the 1981 United States Gold Commission as looking at a “metallic basis” for the dollar. But the metal was gold, and the new platform calls for a similar commission to investigate ways “to set a fixed value for the dollar.”

    What has stayed with me from 1981—I covered the commission as a young editorial writer for this newspaper—is how momentum for a new gold standard faded amid the successes of the supply-side revolution. President Reagan pushed through his tax reductions and Federal Reserve Chairman Paul Volcker maintained tight money. Inflation was defeated. The value of the dollar, which had sunk below 1/800th of an ounce of gold during President Carter’s last year in office, soared.

    read more!

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August 31, 2012 Posted by | Economics, Social Trends | , , , , , , , , , , , , | Comments Off on The Gold Standard Goes Mainstream!