CFR wants "digital gold standard"?
This is really strange. According to russian Website Ria Novosti (in german) who claims to have interviewd CFR-economist Benn Steil, he advocates a digital gold standard which will evolve on the market by popular demand, despite the US administration being against it.
Link to german article:
http://de.rian.ru/business/20090415/121125468.html
Example:
"Die Regierungen, die Geld drucken und die Geldemission regulieren dürfen, manipulieren ständig damit", sagte der Experte. "Der Rückgang des Vertrauens zum US-Dollar, von den anderen Währungen ganz zu schweigen, lässt die Entstehung eines Gold-Äquivalents wahrscheinlich erscheinen."
My translation (excuse my poor english):
"The goverments who print money and are allowed to regulate money emission, keep manipulating with it", the expert said. "The decline in the confidence towards the US-Dollar, not to mention the other currencies, let`s the evolution of a Gold-equivalent seem likely".
He explains that "digital gold" would be such an equivalent.
Read Book: GASLIGHTING-HOW TO DRIVE YOUR ENEMIES CRAZY
Putting us on a watch list for terrorism and or tax evasion when it would be easy and plain to see for some of us that we have never had ANYTHING To speak of in the first place
PAY TAXES ON WHAT?
There goes the girl who doesnt pay her taxes----
YOU HAVE TO MAKE MONEY BEFORE YOU OWE TAXES PEOPLE
The fact that any LITTLE MAN SYNDROME ATTORNEY Who doesnt get laid from you can turn you in and have you destroayed at will is a little OFF Isnt it?
I Mean thats all it takes people?
I Was in SHOCK TO SEE A Book that was written and published Called:
GASLIGHTING-HOW TO DRIVE YOUR ENEMIES CRAZY
READ IT FOLKS.......and think about it
Its pretty Replusive that ANY IDIOT OFF OF THE STREET CAN ENGAGE IN AND DO THIS TO ANY WOMAN WHO WONT SLEEP WITH THEM!!!!
You can see the Book Review at:
http://www.multistalkervictims.org/gaslight.htm#CHAP1
yuck!!!!
black-box voting
black-box voting meets black-box banking?
Away from government control of money and your life
The key is to remove the government monopoly over the creation and production of money. When the marketplace was free to choose money, it chose gold and for very good reasons. The only free currencies in the world right now are Digitial Gold Currencies and physical possession of gold and or silver.
"Gold still represents the ultimate form of payment in the world."
Alan Greenspan
www.gold-pay.com
"Gold still represents the ultimate form of payment in the world."
Alan Greenspan
www.gold-pay.com
TRUST!
The key to anything financial is trust.
We Americans trusted our banks and elected officials to look after our best financial interests, except for Ron Paul, nobody trusts anybody they don't know anymore.
The big bankers trusted AIG insurance company to insure their loans made on unstable property collateral.The bankers made a big mistake and since not enough voters would listen closely to what Ron Paul was saying during the primaries, we're all in big financial trouble.
Why didn't voters listen to Ron Paul?
Because they were discouraged by the mainstream media of trusting him, and they failed to spend the time to throughly research him.
The same ignorance prevails in America when it comes to money and digital Gold/Silver exchange systems....Americans want someone else they can trust to do the research for them!
If Ron Paul or some other very well known person of long standing integrity, endorses the benefits of using digital Gold/Silver, my prediction is the industry will explode in popularity......or if a state such as New Hampshire endorses digital Gold money it's use will spread to other states quickly.
In the meantime we digital Gold holders must assure the general public that we are completely honest and will do everything in our power to prevent the dis-honest segment of society from infiltrating our companies.
A short quiz:
Who in your opinion is the most honest person at your local bank?
My answer.
The local bank tellers and here's why.
If they make an honest mistake in math, they can lose their jobs.
beesting
Self-reliance
A big part of it is that we must stop waiting for the critical mass in order to get started doing something. The critical mass may never come. People should take action right now to become economically and politically independent and not wait for anyone or any one event to bring them their freedom. People need to develop and use real alternatives to the status quo. I always encourage people to focus on their own freedom and not worry about what the next guy is or isn't doing. Free yourself first and then you can start to worry about your neighbor.
"Gold still represents the ultimate form of payment in the world."
Alan Greenspan
www.gold-pay.com
"Gold still represents the ultimate form of payment in the world."
Alan Greenspan
www.gold-pay.com
Full Article translated by
Full Article translated by google
http://translate.google.com/translate?u=http%3A%2F%2Fde.rian...
No thanks to Fractional Reserve ANYTHING
I Predicted that this would be their move weeks ago.
Its just another end-game to their Problem-Reaction-Solution scheme set into motion by this crash. Crash the US dollar and Federal Reserve system, use the people to demand "gold", then propose "gold" in the form of electronic currency which uses fractional reserve lending practices.
No matter what you monetary base is, it WILL BE MANIPULATED if you allow the money powers to exercise any form of fractional reserve lending.
I have started no less than 2 threads on this very topic and commented at least 4 other times. It seems that nobody cares. For the most part, you all banter back and forth about how wonderful gold money is, yet you miss the root of the problem. Please, go watch "Money as Debt" one more time and try to jog your memories to the FACT that Fractional Reserve Lending BEGAN with gold money. If we allow them to return to gold backed money held in Fractional Reserve it WILL BE A STEP BACKWARDS.
Gold money backed by DIRECT RESERVE should be a goal.
DGC Goldmoney.com prohibits fractional reserve anything.
Goldmoney.com is a private company:
http://goldmoney.com/en/about-us.html
You're worries are justified. But if you and everybody else sees the problem with the current banking system, may I ask what are you going to do about it on a personal level?
For almost 8 years now I have been using the DGC Goldmoney which does use direct computer to computer exchanges for goods and services.....with no "Banks" involved!
The exchanges are made in grams of Gold or Silver only!
It's only when you exchange currencies in or out of the closed secured system, you have to deal with banks.
If we ever expect to end the fed's monopoly on money, we must gain trust in the providers that are already offering alternate methods of payments.
After 8 years Goldmoney has gained my trust,,,while the banking system now ranks as a cesspool of corruption at the highest levels, in my opinion.
beesting
Corroboration
Corroboration here, at GATA:
http://www.gata.org/node/5720
It was via GATA that I first heard about Ron Paul
backing
I'm not sure I care what it's backed by. Regular gold seems fine. I think fiat is possibly fine too.
The problem is the "money emission" in the hands of anyone other than a representative congress answerable to the people, and tied to debt at its creation.
"money" shouldn't be a commodity, but a method of facilitating trade.
I think. Still learning.
Digital Gold Currency
Being in the Digital Gold Currency business I can give you a little insight. Most DGC's like Gold-Pay have processes to audit the gold being held and provide this information to their users. Gold-Pay like other DGC's lists the current amount of gold on hand directly on the website.
Gold was chosen by the marketplace as money, it is the defacto market standard. All the fiat currencies have done is try to prevent what the market took 5,000 years perfecting. The history of fiat currency is failure.
At Gold-Pay we have added the feature of converting directly to physical gold as well as using gold electronically to make payments to other users. You can even buy coins minted by G.Edward Griffin author of "Creature from Jekyll Island".
Governments have been attacking gold as money for centuries but in the end the market wins out, unfortunately not without a lot of damage and confisication of wealth by governments.
"Gold still represents the ultimate form of payment in the world."
Alan Greenspan
www.gold-pay.com
"Gold still represents the ultimate form of payment in the world."
Alan Greenspan
www.gold-pay.com
Hello Gold Pay.
Just a few comments.
I've been using Goldmoney for almost 8 years and trying to get others to use it so I can trade Gold for services or products, without using counterfeit federal reserve issued notes.
Unfortunately my experience with Americans is, lack of trust in DGC's and lots of trust in the criminal banking enterprise called the federal reserve.
My prediction is, these die hard supporters of the federal reserve, may really suffer financially in the future simply because they are unable to grasp how the DGC's work and complete fear of the IRS.
People seem to not understand that most of the money transfers in the world are done electronically, and without hitches.
I wish you good luck and hope you get over a million customers.
beesting
Thank you
Thanks for the encouraging words. You are on the right track with your thinking and the gold backed currency business is growing. Unlike goldmoney who you reference Gold-Pay has a lot more direct funding options in addition to having exchangers. If your ever interested in opening you own exchanger business you would be welcome at Gold-Pay. We will create the site for you, send you customers and actively help make your business a success. Food for thought if you or someone you know is interested. Remember every man dies, but not every man really lives.
"Gold still represents the ultimate form of payment in the world."
Alan Greenspan
www.gold-pay.com
"Gold still represents the ultimate form of payment in the world."
Alan Greenspan
www.gold-pay.com
Digital Gold Providers Are Not A Part Of Any Government!
http://en.wikipedia.org/wiki/Digital_gold_currency
Digital gold currency (or DGC) is a form of electronic money based on ounces of gold. It is a kind of representative money, like a US paper gold certificate at the time (prior to 1933) that these were exchangeable for gold on demand. The typical unit of account for such currency is the gold gram or the troy ounce, although other units such as the gold dinar are sometimes used. DGCs are backed by gold through unallocated or allocated gold storage.
Digital gold currencies are issued by a number of companies, each of which provides a system that enables users to pay each other in units that hold the same value as gold bullion. These competing providers issue independent currency, which normally carries the same name as their company. In terms of the most popular providers, e-gold has the greatest number of users and GoldMoney holds the greatest quantity of bullion (as of January 2007[update]).
Click URL and scroll to the bttom for a full list.
beesting
Poor description!
Goldmoney does not issue any type of paper currency.
beesting
Benn Steil
Found this on the CFR-Website:
"In this keenly argued book, Benn Steil and Manuel Hinds offer the most powerful defense of economic liberalism since F. A. Hayek published The Road to Serfdom more than sixty years ago..."
http://www.cfr.org/publication/18248/money_markets_and_sover...
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europe4ronpaul.blogspot.com
Hasta la libertad, siempre ;-)
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bavaria-for-ron-paul.blogspot.com
Hasta la libertad, siempre ;-)
Peter Schiff argued in favor
Peter Schiff argued in favor of digital gold in Crash Proof.
I'll trade my Digits in for the real thing!
Ok by me. Digital Gold is already functioning for many trades, local and international. Ultimately, there will be fraud through fractional reserve banking (they can't resist). This of course will cause runs on certain "Digital Gold" Banks, who engage in this fraud. So just don't store up too many Digits, and take pocession of the real thing when your comfort zone starts to get a little fragile.
No Fractional Reserve Lending!
,,,is allowed using Goldmoney.com
beesting
Of Course Not (Wink)
It's never discovered until the run on the bank either!
Same game different players, but hey..I'm glad to accept your digits.
I just won't hold on to them very long. I'll take a digital note backed by
real Gold, and then trade for the real McCoy! There's no replacement for
the real thing! Why do I suddenly want a Coke?
good point.
.
Digital gold
Sounds like an oxymoron.
Anyway, I'm convinced that NO ONE would be talking about gold right now if it weren't for Ron Paul bringing the issue to the forefront of economics discussions time and again. It caught on.
I just wonder if this development will cure or kill us.