The GOLD standard: Absolutely inevitable

US dollar value going down / Source:

“So where will the value of paper money go? I’m very sure where it’s going to go, but you only have to take a look at that kind of graph to see where it’s going to go.”

“In the globalized, synchronized, meshed world of paper money today, every single paper money in the world is interlinked, and I am absolutely convinced, mathematically certain, that when one goes, they’ll all go. Absolutely. And this brings us to the situation where when every single paper currencies collapses at the same time, not only has the money collapsed but surely the validity of the issuing authority has collapsed, too. And I believe for the first time in recorded history, this collapse will see the credibility of governments as organizers of the money supply brought very much into question.” (emphasis added) – Philip Barton, president of The Gold Standard Institute

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Picture of the week: Canadian Dollar purchasing power from 1971 to 2008

Supply Fold-Increase
Change in Unit Value (%) 1971-2008
Gold 1.8 310.4
CHF 3.8 -23.7
JPY 15.9 -25.4
USD 16.8 -81.1
CAD 15.4 -84.4
AUD 33.5 -88.2
GBP 12.6 -88.3

Mike Hewitt: “The United States is not alone in pursuing inflationary monetary policy Continue reading