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Unbelievable!! From the WSJ: "No one can believe in the omniscience of central bankers anymore."

Submitted by Forge on Tue, 09/30/2008 - 17:54
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I cannot believe what I'm reading!!?!?!

Are people really starting to catch on?!?

http://online.wsj.com/article/SB122273029076687929.html

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I did read the statement:

Submitted by austrianschool on Tue, 09/30/2008 - 20:38.

"And global financial markets are definitely crashing, even when the impact is momentarily softened through massive injections of artificial money -- "artificial" because the fiat money does not represent a store of genuine value "

That's encouraging, but his talk of "Every country is responsible for anchoring its own currency to the universal reserve asset, and every citizen has the right to convert the national currency into the universal reserve asset" leaves one to wonder exactly what he means by "universal reserve asset". He compares the system to the gold standard but seems to want to keep some kind of distance from it instead of actually saying that he is suggesting some kind of international gold standard.

Still though, it's nice to see someone, other than William Jennings Bryan, mention the gold standard.

_________________________________________
"An economy built on fiat money is a society on its way to ashes."

—

_________________________________________
"An economy built on fiat money is a society on its way to ashes."

It is incredible to read this. It makes me wonder though too.

Submitted by We the People on Tue, 09/30/2008 - 20:27.

He does seem to have a theme of global currency. Would he be selling such an idea by inserting talk of sound money during a financial crisis?

The perfect time to institute a global currency would be during global disaster.

More details are needed.

Ron Paul's Convention Speech

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Ron Paul's Convention Speech

These were exactly my

Submitted by NeoConned on Tue, 09/30/2008 - 20:36.

These were exactly my thoughts as well. Notice she didn't say that gold/silver should be what the standard is based around.

FTA:

Submitted by Forge on Tue, 09/30/2008 - 22:11.

I believe she did suggest a gold or bimetallic standard. She's talking about how the ideal currency would work and then says:

"That's how a gold standard works. A bimetallic system, linked to silver and gold, works the same way. In either case the money is fixed to a common anchor -- and thus automatically functions as a common currency to serve the needs of legitimate producers and consumers throughout the world."

Another thought.

Submitted by We the People on Wed, 10/01/2008 - 08:12.

Once they do get a world currency they would want it tied to an anchor, because they would never want it to crash.

But in order to get there, they need to crash the current central banks, by printing their fiat money into destruction.


Ron Paul's Convention Speech

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Ron Paul's Convention Speech

I don't understand

Submitted by true_believer on Tue, 09/30/2008 - 18:32.

The sky is falling the sky is falling. Does not compute. How did this happen. I'm confused! It is a very good article.

Very good article...

Submitted by Habit4ming on Tue, 09/30/2008 - 18:29.

huge bump....

—

Berwick, Columbia County, Pennsylvania
Ron Paul 2012 - The People's Choice
rEVOLution SuperPAC: http://www.revolutionpac.com/
WTP Federal Lawsuit to BAN ALL ELECTRONIC VOTING
http://www.wethepeoplefoundation.org/UPDATE/Update2011-07-26...

I am SPEECHLESS!

Submitted by elviejo on Tue, 09/30/2008 - 18:25.

Of course, they didn't have the nerve to mention Ron Paul.... but this could ONLY have been written because Dr. Paul has been getting so much air time this year. The Wall Street Journal calling for SOUND MONEY, and saying the problem is due to MONETARY POLICY???? YUP... I would say this is a HUGE sign that the word is getting out! WOW!

http://www.youtube.com/watch?v=Y6pAcBXt2j8
"Not armies, not nations, have advanced the race; but here and there, in the course of ages, an individual has stood up and cast his shadow over the world."

—

Thomas Jefferson: “Indeed, I tremble for my country when I reflect that God is just, that His justice cannot sleep forever."

Viva La Revolucion!
http://www.youtube.com/watch?v=FmaTNf4YhEs

This is indeed good

Submitted by JayPee on Tue, 09/30/2008 - 18:22.

This is indeed good news!

"My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline."
- Ludwig Von Mises

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"My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline."
- Ludwig Von Mises

Shameless

Submitted by Forge on Tue, 09/30/2008 - 18:18.

self promoting bump

c'mon.. nobody else finds this pretty amazing?