As the swarm of centrally-planned fiat currencies continue their relentless and accelerative march towards worthlessness, another major number was taken out this morning when that inert ounce of gold which has sat in your Uncle Harold’s desk drawer for 65 years gathering dust, found itself being measured at $1,500 U.S. dollars, £918 U.K. pounds, €1,042 Euroland euros, or ¥124,442 Japanese yen.
As Hannibal Lecter might have put it, I myself would certainly like to be a fly on the wall inside any of the major central banks right now, as the carnage and the panicked phone calls from one to another over the last two weeks, as their precious metal price manipulation schemes have all collapsed, will have led to copious amounts of blood up the walls.
Eventually, perhaps, a few of our more daring central planning bureaucrats might whisper, ‘let the market decide’ or ‘gold, silver, and copper are money’, but I doubt it. Expect more Bilderbergian clandestine meetings in expensive hotels to ‘plan’ our way out of this self-induced monetary implosion, which was caused by the inability of Bilderbergian politicians and their minion bureaucrats within their central banks to keep their hands off the ‘more’ button on their basement printing presses; these machines will continue to spew out increasingly worthless paper to prop up the trillions and trillions they have already printed, in what history will rightly regard as the greatest Ponzi scheme of all time.
We’ll all soon be floating in a sea of paper firelighters, all of them covered in fancy ink patterns to help them combust. Which is handy, because lighting barbecues will be all they’re going to be good for.
And all of this massive monetary madness was undertaken to enable a few miserable lying politicians to get themselves back into office at election time, by promising to spend money they didn’t have, couldn’t borrow, and were unable to tax, so they could prop up all of the useless utopian pet schemes of their subsidised intelligentsias or pet wars for their corporate sponsors, to keep both groups onside with the message that the rest of us need to be ruled over by politicians.
You might ask, for instance, where the British state is getting all of this money to start a third concurrent ground war in Libya? Or all of this money to hand over to Portugal? Or all of this money to pay for a grandiose royal wedding? If the printing press in the heart of the Bank of England were to be switched off, all of our troops would be coming home, Portugal would be sinking or swimming, and Kate and Will would be at the Town Hall in Windsor, like Will’s dad.
The intelligentsia ‘brainwave’ solution will no doubt be a ‘global’ paper currency, managed by the Olympians at the IMF and the World Bank, themselves useless and dangerous excrescences from the failed Bretton Woods era. Alas, this new currency, which I would like to christen ‘The Soviet’, will fail even quicker than the current slew of paper monies we currently enjoy.
I don’t know if any of these colossally intelligent mandarins have noticed the pattern, but as they have reduced the numbers of paper currencies, especially when they invented Euroland to take out the despised Deutschmark, the collapse of paper money has merely proceeded all the quicker. At least when there were lots of paper monies, a modicum of competition slowed down their disintegration.
I think the analogy is, if you must live under a criminal corrupt Mafia, it’s better that there are lots of Mafia bosses running around promising you ‘protection’, because the competition between them for your business will ensure that their rapaciousness will be limited. However, when there is just one Mafia boss, just as with all government monopolies imposed at the end of a gun barrel, the price will be terrible and the service will be shocking.
Fortunately, in a strange way, the introduction of The Soviet, will lead even quicker to a return of honest voluntary monies. At first, enormous black markets will form, where people will barter their goods and services for ‘illegal’ lumps of gold, silver, and copper, and then a point will be reached, as in Zimbabwe and the Soviet Union, where most people will simply ignore the IMF world government police trying to stop these markets, and the whole edifice of paper money will finally come crumbling down.
But let us hope we see sense before such dark days ensue. Why go through a couple of decades of worldwide misery, when we could bypass all of that horror by going directly to honest voluntary money right now? We should throw off the IMF and the World Bank; we should throw off government control of money; and we should demand that free people be allowed use whatever monetary mechanisms that they want.
We should end money socialism, now.
We don’t even need clever schemes worked out by the intelligentsia to do it. We simply have to take all taxes off any desired monetary medium of exchange. Removing all capital gains and value added taxes off copper, silver, and gold, would be a start. As would allowing freely-entered contracts to stipulate these monies as a medium of exchange.
The free market will take care of the rest. That is, if you trust the free market to function better than socialism.
We’re going to reach honest monies anyway, unless we end up in a true Orwellian dystopia. Route one involves war, lies, chaos, poverty, and tyranny. Route two involves peace, truth, order, prosperity, and freedom.
No doubt politicians, in their short-sightedness and in their selfish interest, will try to take us down route one.
Personally, I prefer route two.