Is the Problem Central Banking or a Demand For a Huge Public Sector? Gold vs Fiat Money – December 31, 2019,
I’ll begin this post writing about Peter Schiff and what appears to be his disdain for Crypto Currencies, which at the moment have been outperforming Gold, turns out this is hard for most of the Libertarian types to understand. Primarily because the gold bugs want to value they believe comes from God on something. Unfortunately for the Gold Bugs, humans have always wanted to break the shackles of a Gold based currency, why? Because of hoarding, In the event there exists a common exchange that can’t inflate or deflate until a select few say so, riots inevitably will plague society.
Humans like things to be free-flowing, it’s not to say that Central banking is any better than a Gold-backed currency, it’s not even to say that Bitcoin is a better alternative than Gold, the point is human-like to have options. Although this is hard for most humans to articulate, the truth is in the historical evidence. Now, what I like about Peter Schiff is that he’s involved in some called Gold Money | GoldMoney.com
in which Peter Schiff and other believers in a Gold Standard are attempting to create the infrastructure for a Gold Back money alternative in the marketplace. I 100% agree with and support this, but is there really a demand for it at the moment? Is Gold really something humans want to use as their medium of exchange in a fiat dominated world? If a group of humans has the SKILLS to pay the bills do they really want to be dominated by a Gold sector plagued by LABOUR UNIONS!
Want to know why a lot of investors don’t want a return a Gold Standard? Labour Unions, which oddly enough is one of the major reasons Governments all over the Western World are so inefficiently run. Can’t put a labour union on Bitcoin it’s decentralized, even Gold mines, for the most part, become centralized, honestly, I’d even prefer a Petro-backed currency over a Gold-backed one. Lots of oil all over the world and oddly enough a lot of the world’s oil is located in places which have a dictator based Governments. Dictators limit the powers of labour unions, this, of course, is why even in Communist China, the people are more productive than in most Western countries. China is a leader in 5G, why? Because in many Western countries there’s a huge demand for a larger public sector.
Now, the argument even I’ve made sometimes is that the public sector is able to go because of our communistic style central banking system. But if people are unwilling to address that there is a demand for a central bank, we’ll never get to the heart of the problem. In the minds of the ignorant, a Gold-backed currency sounds very cold, why? Because the majority of humans on this earth are either ignorant as to what’s going on or they’re inherently Greedy and would like to screw over the people who are FINANCIALLY successful.
How is Greed truly punished? Greed is punished via innovation, Bitcoin is an innovation, that actually changes the entire scope of the human imagination and again puts the onus of value on the individual. Now, in my opinion, it’s not certain if the bitcoin or the crypto market we know today will be the future of money tomorrow, however, what we do know is this splitting of the atom (from a financial perspective) created by Bitcoin actually changes how technology might be viewed in the future.
Entire blocks of code and how we communicate and use and consume energy might become decentralized in the future. That revolution is actually already here, but it’s still relatively small as to the numbers of people who can comprehend it. As many computer programmers age and start to comprehend the inefficiencies not only of government but of centralization, in time they’re going to make their presence felt in the market place, doing things that will hard for the average person to be able to comprehend.
You see, money, after all, is nothing but a form of barter, regardless of what we call the common form of trade, it will be challenged at some time and what’s ultimately left when a common form of barter is challenged is your ability to sell your talents in the market place. I personally believe Gold and Silver are excellent storers of value, but I don’t see a Gold Standard returning, I just see precious metals like gold and silver as a hedge against inflation.
The future of Central banking, in my opinion, will exist because there’s a demand for it, namely by people who want the Government to insurer their finances, however, what will be challenged are people who operate in the old world views of money and people operating in the new world views of money.
Gold, central banking and decentralized uninsured money! The Future of Shrinking The Public Sector
If you’re still finding it hard to comprehend what I’m saying the future of money will look like, I say energy as a whole will be decentralized. Did you know there is such a thing as a man-made diamond? Did you know that humans don’t need to dig Gold or Silver ut of the earth, humans can actually make silver using machines, why don’t more humans make gold and silver instead of digging out of the ground? Collectivism is why, centralized energy supply inflates the cost of wages and the cost of living, understand humanity is nearing a stage of heaven on earth.
What’s preventing us from achieving heaven on earth are collectivists, who want us to believe that it’s not time yet. Bill Gates recently unveiled a plan of using nuclear energy more efficiently, France for the most part primarily uses nuclear power to generate electricity, it’s no secret that Nuclear can solve humanities energy needs, but here’s the problem with renewable energy, what happens when there are too many people that understand that nuclear or any other form of clean energy can shrink in size and become decentralized? What happens to this planet as we know it to be today?
Oligarchs will lose power almost instantly and overnight, old ideas will be challenged, government and other collectivist based solutions will fall by the wayside and usher in a new world, not a new world order but a new world disorder that will be hard for the control freaks that live amongst us to understand. There exists a huge demand for a growing public sector because there is a belief by some that there should only be a Gold standard and by others that there should only be a Central Bank.
Well, if you know anything about the history of money, there have been lots of ideas of what money should be and what it should be backed by. The problem is the powers that be have always tried to outlaw one form in favor of another. Legal tender is basically insured money, whether you want to make that backed by gold or backed by some other entity, it’s still centralized.
Decentralized is backed by faith, which is terrifying for people who seek security. When I listen to Gold-bugs from my perspective what I hear is a group of people looking for security. Which is fine, but oppression is oppression.
A lot of people once they understand what oppression is want to get as far away from it as possible. The demand for a big government, in my opinion, trumps the belief that the central bank is the main culprit. People seeking security is the main culprit of the destruction of humanity. Our security should be based on raising the standard of living for each other. We do this on an individual basis in our own individual ways.
In my world view, people who know what an asset is, would be better off talking about the public sector instead of focusing on the money. We all know the fiat monetary system has to change, the question is, into what? I don’t believe the money is the problem when there was a gold-backed currency it led to war, nobody talks about the role the public sectors played in creating the world wars.
That was the problem, Fascism was basically a gold confiscation, communism was basically a gold confiscation. A foreign country can’t confiscate fiat money, in a manner which could cripple the economy of the host country, because the host country can hyper-inflate its currency and create a new one. This already happened in Europe.
However, fiat money does have it’s weaknesses, which would be the same weakness of a decentralized monetary system which is a HUGE GOVERNMENT! A public sector with entitled labor unions, pretend all you want, this is the number one problem facing the Western world! It’s not the central bank, the problem is the entities who artificially increase the cost of living via their entitlements. It’s a problem the world has to deal with before we progress forward.
Unvoluntary welfare for entitlement classes will eventually destroy any nation. But a lot of the Gold-bugs know it’s an easier topic of conversation to focus on the central banks. I disagree and the purpose of this article is to get the rest of you to think bout this topic of money more deeply. No offense but if I have the necessary skills to survive and lead people, screw you and your money. If society breaks down, it’s about one’s ability to protect one asset. Gold could actually serve as a hindrance if you can’t personally protect it.
If I’m guarding your gold, who’s to say I won’t raise the fees to guard your gold? What are you going to do if I decide to raise my price to guard your gold? There was a demand for central banking and fiat money, stop pretending there wasn’t. A large portion of you atheists has a difficult time understanding Christianity, even if you disagree with the concept of God, admit that Christians had a point with the 10 commandments and other biblical doctrines about loving your enemies. Relacing one greed for another greed won’t create harmony amongst humans.
When the world accepts fit money, understand the DEMAND that allowed it to happen. It doesn’t mean you have to accept it, but understand that there’s only one truly greedy entity remaining in humanity. It’s the oligarchs which in western democracy serve as the Public sectors. If you’re too scared to make that your central theme as to causes of poverty, don’t be surprised when more and more collectivists appear on this earth.
The demand for collectivism comes from a lot of people abandoning Christianity, f you abandon Christianity and don’t replace it with anything similar, new human entering into this planet won’t have a point of reference and will assume it’s a dog eat dog world, these humans will then obviously align with the entities they believe will be the winners.
Recently global governments scared the crap out of children by convincing these children that the world will end if these children don’t allow governments to tax their citizens to breathe? In Christianity, the fear of hell, for not being a good person was put into many children. Do you not see the correlation, now with the government indoctrination, there’s no definition of what being a good person is all about because of government laws fluctuate based on the demands and needs of the public sector.
The government isn’t based on demand, Christianity, if you want to remove the Go element out of the equation, was based on societal cohesion. There was a demand by women for some sort of security, Christianity if you look at it for what it is, revolves around protecting women and children in a cohesive way. Recently in case you haven’t been paying attention, Male transexuals, don’t want to be considered equals, they want to be put under a special, protected classification under the government. Why would any people approve of this? Because we’re now a secular society devoid of voluntary laws that helped society to flourish.
Fixed laws, a gold standard would be a fixed law, central banking is a fixed law, decentralized is a free-flowing principle that some people subscribe too. This way of life is going to make a comeback, but I’d be lying to you if I said that I know how this way of living will return. I don’t, but the writing is clearly on the wall. Be warned of these people who tell you that ending central banking will fix all money problems, they’re only scratching the surface
Interesting times ahead!