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What Is Our Money And Why China Plans To Move To A Gold Backed Yuan Currency.
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
We have more and more news coming out about the tectonic shift in geopolitical landscape and ongoing Currency Wars. China learns very fast, even if Maestro Greenspan has already forgotten the ancient wisdom. Further education will help to understand our flawed monetary system and the value of gold for the investors even if Bernanke, who is busy destroying the US Dollar with the FED "does not have any clue about it."
China Maneuvers To Take Away US' Dominant Reserve Currency Status
"We are following here the transfer of wealth and power from West to East. Latest sell off in Gold has only accelerated this transition. China is very active with its bilateral currency swaps now and gold backed Yuan was discussed already quite a few times. We can not really trust the number of China's gold holdings to be only 1.6%, but once China will disclose its move to accommodate its world economic status with the proper gold holdings the gold bull market will be back in full force."
Rumors that China is planning to move to a gold backed yuan currency
Gold Standard In America By 2014! US States Don't Trust Fiat Money!
Austrian School of Economics: The Gold Standard in Theory and Myth by Joseph Salerno
"Despots and democratic majorities are drunk with power. They must reluctantly admit that they are subject to the laws of nature. But they reject the very notion of economic law . . . economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics."
- Ludwig von Mises, in Austrian Economics: An Anthology
"CS. It is time for Education and Austrian School of Economics will the very good base for any well rounded individual. It is truly Amazing: How Our World Has Changed Even from 2005, just listen to the comments about the Gold price, US National Debt and Federal Balance Sheet. All Fundamentals are The Same - we have just moved from Billions to Trillions in a few very short years talking about Debt and FED.
Gold provides the Golden Cuffs on The Government - It Is Not Able to Engage Private FED in order to create money out of thin air and debase the US currency, taxing the Savers and Expropriating Their Saving by Creating Inflation. Just remember How Much the Real Things were priced when you were kids."
The History Of Money And Why US Dollars Are Issued By Private Bank - Federal Reserve System