Guest Post by Hugo Salinas Price
We Cannot Get Away from Gold or Silver
It is remarkable how billions of human beings are using fiat currencies in the world today without any understanding at all of what they are doing. Curiosity and intellect are indeed very limited in supply amongst humans.
Humanity is attempting to live by the use of fiat currencies – gold and silver as means of interaction between humans are not available today.
And humans are quite ignorant of the fact that the fiat currencies they use have each of them a HISTORY behind them, without which they would not exist.
We humans tend today to discount History. The past has lost its meaning to us. We live entirely in the Present; what happened just a few years ago is no longer of interest, except to a very small minority of humans. History has become irrelevant; we are so engrossed with Technology, the God of the present era, that we have little urge to direct our attention elsewhere.
The Bitcoin is – according to some at any rate – a technological marvel and should therefore do everything that is expected of it. But the fact that it may be a technological marvel is not enough, though people doubt that statement to begin with. “If the Bitcoin is a technological marvel, then surely it will have to be a brilliant success.” This is optimistic thinking, but quite shallow.
The fact is that all currencies which we unthinkingly use incorporate a historic element. The digitalization of currencies does not eliminate the historic element. Digital currencies DERIVE from paper currencies, and paper currencies, ALL of them, derive from original monetary units which were various quantities of gold or silver.
Not all the technology in the world can eliminate the fact that all digital and paper currencies DERIVE from ancestral quantities of gold or silver which bore the names of the digital or paper fiat currencies we use today.
Humans appear to be willing to attribute derived values to fiat currencies, even when the derivation ascends into the many millions of units. Thus, the great inflations the world has experienced, one of the latest being that which took place in Zimbabwe.
Only when the number of units becomes totally unwieldy is the inflating fiat currency finally rejected, in favor of some alternative fiat currency (no recourse to gold or silver being possible at present.) And so we have had the Mexican peso that went into the thousands of units per fiat dollar, and prices of everything in Mexico into the millions of pesos, before the State decided to shave 1,000 units from the value of the Peso. And still it continues to devalue, now at $13,250 pre-1993 fiat pesos to the dollar, if the $1,000 peso haircut is ignored.
Zimbabwe had its currency go into 1 plus 22 zeros per dollar, before it was finally cast into the junk heap. Humanity is so tolerant!
I’d like to make the point, which I consider important, that critics of fiat currencies have been omitting the historic component of ALL fiat currencies. We are told by the Establishment gurus that gold is finished, that it can never return, that we are beyond gold in a new era of progress which gold could not sustain – the barbarous relic – but what remains unsaid is the enormous fact that ALL fiat currencies, digital and paper, remind us every day (if we care to think about it) that they are descended from gold or silver, and could not exist without this descent. So, gold and silver remain supreme, behind everything that is going on with digital and paper fiat currencies.
We cannot get away from gold or silver! All fiat currencies, digital or paper, testify to their origin in gold or silver.
The Bitcoin is not derived from gold or silver, it is parentless and thus will not and cannot ever circulate as a type of fiat currency, no matter how perfect its technological conception.
DOWN WITH FIAT CURRENCY!!!! Evil, vile, worthless fucking pieces of shit.
I’m going to do all of you a very big favor. Immediately send me all that worthless shit. I will dispose of it for you.
Stucky Nickster
231 Dollarfuk Lane
Westfield, NJ 07076
You can thank me later.
DOWN WITH FIAT CURRENCY!!!!EVIL ,VILE ,WORTHLESS FUCKING PIECES OF SHIT…when you understand how the banking system works with fiat paper money it really is evil and there’s very few ways to get away from it .Even going to another country want work for long because they will have a central bank.The world economic system is Satanic and Satan controls the world’s currencies.Rothschild said….give me control of a nation’s currency and I care not who writes the laws.
I would add that most people do not understand why society needs to use gold and silver…….
GOVERNMENTS CANNOT CREATE GOLD OR SILVER OUT OF THIN AIR!!!!
Someone has to go out there and mine it and mint it etc. It creates it’s own economy by having people provide goods and services to mine it. Also it is the ultimate extinguisher of debt as gold and silver are real tangible precious metals that are recognized world wide.You don’t actually need to circulate it, just have it in the central bank to back your currency up.
Which provides mankind with another benefit…… no wars!!
Every country who has declared war on another country in history, had to abandon their gold standard in order to achieve their goals. It is estimated that WW2 would have lasted only a week if Germany had stayed on the gold standard. The cost of war would have drained away their gold reserves well before they even crossed their own borders.
It puts on an unimaginable constraint on any government who wishes aggression against another country that in today’s terms would seem strange. Need more money for the war machine? Just print it up!!
Will governments allow a return to the gold standard? CERTAINLY NOT!! They like things exactly the way they are.
Remember….. higher prices are the RESULT of inflation not the CAUSE…… inflation is the unbridled expansion of the money supply by your government without your consent….. a way of stealing the people’s wealth without their knowledge! That’s what Fiat money is – a promise to pay later with no real backing. The Popeye cartoon character Whimpy said it best “I’ll gladly pay you Tuesday – for a hamburger today” Well today is Tuesday and it’s quarter to midnight… and still no Whimpy in sight.
I don’t know why, but I prefer to believe in history going back 5,000 years or more as silver and gold evolved into a non-counterfeit form of money. Must be common sense talking to me.
Time after time over the centuries and millennia it has proved the case when all known governments eventually debase their currencies by clipping coins, changing content to dilute precious metals from coins or printing “paper money” for a substitute.. That case is that “money” in these forms eventually depreciate to their intrinsic value — toilet paper.
There has not been ONE example of this working successfully in history of mankind. Not one.
Why should the current substitution of fiat wealth (from dollar bills, unlimited credit, unfunded liabilities through derivatives) of everything conceived by Wall Street be any different?
Answer, it can’t. It won’t. It will evaporate.
Be prepared.
MA
muck-
“Time after time over the centuries and millennia it has proved the case when all known governments eventually debase their currencies by clipping coins, changing content to dilute precious metals from coins or printing “paper money” for a substitute.. That case is that “money” in these forms eventually depreciate to their intrinsic value — toilet paper.
There has not been ONE example of this working successfully in history of mankind.” Not one.-MUCK
So very well put MuckAbout. Short and sweet.
NOW………
What can you surmise from the history of emerging or reemerging empires in terms of how they got their start and what they foisted on the people as currency. That seems like it would be real interesting.
Please consider commenting.
Nobody ever seems to talk much about a rising nation lately. Surly there were a few in the past.
crazyivan