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Prince Laurent, Belgian National Day, and EU Summit

 

Sherpas move Greek meeting, leak options paper
July 20, 2011 12:41 pm by Peter Spiegel
http://blogs.ft.com/brusselsblog/2011/07/sherpas-move-greek-meeting-leak-options-paper/
SNIP
Senior eurozone officials – including finance ministry negotiators in the “euro working group” and sherpas to all 17 presidents and prime ministers – have moved their pre-summit meeting in Brussels (originally scheduled for this evening) to 9am tomorrow, a sign they still need more time to hammer out a deal on a Greek bail-out ahead of Thursday’s much-anticipated emergency summit.
UNSNIP

Tomorrow, Thursday, is Belgium’s National Day

Scandal-prone Belgian Prince Laurent to stay away from National Day events
http://en.trend.az/regions/world/europe/1907919.html
He will be outlining Freegold at his separate press conference

In His Majesty’s Speech today, King Albert of the Belgians said that Belgium plays the role of a driving motor (engine) behind the wonderful adventure which is European construction.

La Belgique joue un rôle moteur dans cette formidable aventure qu’est la construction européenne
http://www.lesoir.be/actualite/belgique/2011-07-20/l-integralite-du-discours-royal-852139.php

Wij werden als land, de facto, de hoofdstad van Europa en zijn een stuwende kracht geworden in dat grootse avontuur dat Europese eenmaking heet.
http://www.standaard.be/artikel/detail.aspx?artikelid=DMF20110720_060

Aristotle calls the efficient cause the motor cause .

For Aristotle, there are four types of causes

three refer to ACT
- formal, form or shape of something
- it is that which determines its essence to be what it is
- the shape of a statue

- efficient or motor cause, the being in act who brings about the change
- the sculptor who makes the statue

- final that for the sake of which the change takes place
- it what constitutes the perfection of being
- in the case of the statue, this is the purpose for which the statue was made

one refers to POTENCY
- the material cause, that out of which something is made (the wood of the statue)

If Belgium is the motor cause of EMU, it is up to Prince Laurent, who will not attend the ceremonies, to outline Freegold at his press conference.

The real behind-the-scenes architects of the euro have created the euro with a gold component and a paper component, and put a “firewall” between both so that gold’s valuation as a wealth-preserving asset cannot be pulled lower by the inevitable inflation of the paper component of circulating currencies.
These architects created an euro with its gold reserves FREELY FLOATING against the new currency.
It is the (quarterly) marking to market (MTM) of the gold reserves of the European System of Central banks , not to the Bretton Woods model of $42.2 like the USA central bank (originally $35), by the ESCB which provides that wall.

The euro and Freegold are coexisting to supplement each other, without interacting with each other. That’s how the polity achieves its democratic legitimacy. Just like Charles-Louis de Secondat, baron de La Brède et de Montesquieu (1689 – 1755), divided government power into three branches and called his idea the “separation of powers”, so does Freegold separate the gold component and paper component of the currency. Whereas Montesquieu freaks have never been able to find a way to make sure that the separation of powers is not being violated the MTM-firewall guarantees that the separation is not a vain word.

The process of marking to market (MTM) the Eurosystem’s gold reserves has resulted during the FIRST decade of the Freegold (ECB MTM FLOATING gold price) “experiment”, in gold rising from 30% to 60% of the Eurosystem’s (international liquidity) reserves.
http://fofoa.blogspot.com/2010/07/gold-ultimate-wealth-consolidator.html

gold’s role [in the reserves of the Eurosystem] has gained musculature from a mere 30.5% proportion to its current dominance now at 67.1%.” That means that at the beginning, in 1999, Eurosystem reserves were made up of 69.5% foreign fiat paper and 30.5% gold. Today that has shifted qualitatively to a net foreign paper position of only 32.9% to gold’s 67.1%, a virtual flip flop!
http://fofoa.blogspot.com/2011/01/reference-point-gold-update-1.html

The euro and Freegold are coexisting to supplement each other, without interacting with each other. That’s how the polity achieves its democratic legitimacy. Just like Charles-Louis de Secondat, baron de La Brède et de Montesquieu (1689 – 1755), divided government power into three branches and called his idea the “separation of powers”, so does Freegold separate the gold component and paper component of the currency. Whereas Montesquieu freaks have never been able to find a way to make sure that the separation of powers is not being violated the MTM-firewall guarantees that the separation is not a vain word.

That’s why the euroland crisis is not affecting the exchange-rate of the euro on foreign exchange (forex) markets.

Ivo Cerckel