47 votes

Jim Grant Says Bernanke Is Imitating USSR - Return To The Gold Standard

It's mission was to defend and protect the gold dollar. That's all that the Fed's original agreement contained."

"Fast forward several decades and the Fed is now in the business of steering, guiding, directing manipulating the economy, financial markets, the yield curve, interest rates, essentially central planning, doing what so singularly failed in the old Eastern bloc...

Video below:

http://dailybail.com/home...



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Finnaly!! More talk on the

Finnaly!! More talk on the gold standard hopefully we can switch soon inflation is a pain

The problem

is not fiat currency per say.

The problem lies in loaning money into circulation charging interest and requiring collateral. Ultimately owing more money to the bankers then exists. And this problem can still exist with a gold standard.

It's not surprise privately owned central banks have been hoarding gold over the last few years. If the control the supply they can set the terms.

SOCIAL CREDIT: A Fairy Tale
http://kevboyle.blogspot.gr/2012/09/social-credit-fairy-tale...

Luke 3:38
Isaiah 43:3-5

"It's not surprise privately

"It's not surprise privately owned central banks have been hoarding gold over the last few years. If the control the supply they can set the terms."

Reminds me of the Golden Rule....... "He Who Has the Gold Makes the Rules"

Ed Rombach

Great interview.

Nice correction by JG of the young assistant on the actual price level during the 19th. century.

"Jesus answered them: 'Truly, truly, I say to you, everyone who commits sin is a slave to sin. The slave does not remain in the house forever; the son remains forever. So if the Son sets you free, you will be free indeed.'" (John 8:34-36)

Bernanke is an Internationalist who has no loyalty to america

That being said, he can no longer be considered an american, but a loyalist to his task master in the city of london.

Good Man

Beast

donvino

See? I'm not a Paul bot. Put the photo back.

Money, the most important issue: It causes dependency and slavery or independence and joy

Fiat: to decree; to make a thing whose result is what coercion, force, decree, would produce.

I agree with Ron on competing currencies, currencies anyone can make and use. I disagree with him promoting the government move from one fiat money to a different fiat money, from the Federal Reserve Note to gold.

If life was decentralized, that is, natural, the mineral gold would continue to be used for its properties rather than an instrument whose actor attempts to apply onto the society (a collectivist action) he is in or on societies he is outside of, the setup that enables him to move into and control those societies. Because life is centralized, the state of life that Earth's materials are in fewer hands increasingly, it follows that a material promoted for wide use is fantastic for who controls and issues that material and is fatal for who receives and uses it, the use of how what was used before it was: dependency.

U.S. dollar originates from the United States whose government directs its use.

Gold is located in the ground worldwide and above ground worldwide. It's promoted worldwide. Why? Who controls it, and after that question, who issues it? Is the issuer the controller or someone the controller has contracted, an indirect relationship between controller and buyer, a concealment?

Movement external to internal, :(.
Movement internal to external, :).

The former movement: the shifting from one fiat money to a different fiat money, a different kind whose operation is the same.

The latter movement: The individual applies the value of what he has concerning what he wants -- self regulation.

Fiat money: bad.
Individual's application of values on items in his prospective trade: good.

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton Forest Dutton, MD, in his 1916 book whose subject is origin (therefore what all healing methods involve and count on), simple and powerful.

Once a fiat-money (a money

Once a fiat-money (a money backed by nothing more than it's purchasing power -- typically forced upon the citizenry by legal tender laws) is attached to a commodity, whether it be gold, silver, wheat, apples, etc., it is no longer a fiat-money. It is at that point a commodity-backed money.

I agree that it shouldn't be issued by the government. I think Ron Paul has lifted the banner of pure principle -- I doubt he thinks the ideal situation is for the government to be involved in money -- but with advocating the treasury issue notes backed by gold and silver it gives the uninformed an easier transition to that ultimate goal of removing government from the money making process.

Coinage Act of 1792

http://en.wikipedia.org/wiki/Coinage_Act_of_1792

Maybe time to get back to basics.

Tin Pan

reedr3v's picture

Good man, and he has great

flair and humor.

Great Video

Thanks for posting!