The Reason I’m against a Gold Standard Currency: KNOWN fraudsters in Canada targeting CERB for benefits – June 12, 2020,
To start, I’ll be honest when I say that I’m not a big fan of political democracy. I accept democracy. I accept that humans are still in a stage in which they believe electing a federal politician to lead them is intelligent. But personally, I think the systems of democracy in most countries are moronic and will lead to serious social and economic problems in the near future.
To understand why I don’t like democracy as it’s structured in Canada—and to tie that into why I’m against a government-backed gold standard currency—please consider watching the short clip below.
Now, in Canada as well as in other parts of the world, in order to combat COVID-19, governments are giving away money to anyone with a pulse. What the Liberal Party of Canada basically did was say, “Okay, we’re going to leave the bank doors open. There are no tellers in the banks because of COVID-19. In a basket, you will see piles of cash you can take—only if you meet the criteria. Your Liberal Government expects that the people of Canada will only take what they are ENTITLED to.”
Now, obviously I’m exaggerating—this isn’t exactly how it happened—but if you’re savvy with a computer and the internet, accessing Trudeau’s COVID-19 money wasn’t difficult. And therefore, once word spread, people began taking more than they needed.
Now that this is established, imagine if this free government money were redeemable in gold. Oh, what’s that you say? This could never happen under a government gold standard? That’s just not true. History is littered with governments doing exactly what current Prime Minister Justin Trudeau and others have done. The ancient Roman Empire, which had a gold standard, fell for similar reasons that Justin Trudeau seems to believe in.
There is always a reason for governments to dilute the money supply. Do you really think there was no famine or disease in ancient Rome? Do you really think that there was never any pressure on the Roman government to print money or dilute the gold content in their government currency when any problem—large or small—crept up?
I’m sure there were voices against printing money or diluting the gold content in the Roman denarius, but what king, leader, president, or prime minister wants to be viewed as the bad guy during the “bad times”? To the guillotine for thee, the democracy screams when it doesn’t get its way!
Don’t we all want to be liked and loved? So no—as long as my fiat dollars can buy gold, I couldn’t care less about government money. What I care more about is spreading the truth so more and more people can understand when a government leader is either lying or ignorant to a particular economic issue.
Globalism and other demonic forms of government are easily seen and observed once you understand Austrian economics. A person doesn’t even have to agree with Austrian economics—they only need to understand it. Once you understand the fundamentals of Austrian economics, life in general will become easier for you.
Fiat currency is nothing more than a convenient form of barter. And if you’re in the know—that stable government is the true basis of fiat money—then you’d understand why Switzerland has to do everything in its power to disincentivize foreigners from hoarding its currency. Why? Because the Swiss are known for their sound democracy. Politicians who steal or allow theft to occur in Switzerland can go to jail!
The Swiss are also smart enough not to make their federal government the most powerful tier. The Swiss comprehend the flaws of democracy and built their society to address those flaws. Switzerland is not top-heavy. It has a strong economic foundation compared to other nations. And again, a quick reminder—Switzerland is LANDLOCKED, meaning their survival is partially reliant on being SMART!
Safe-haven currencies gain on worries of lingering economic pain | financialpost.com
What fiat currency represents is your country’s governance. I write over and over again about austerity measures. People don’t like talking about them because in the West we function under a political democracy. And if a government service gets cut, the people reliant on that service will vote to ensure it’s not their service or job being sold off by the government in power.
The fiat monetary system isn’t all bad. People want protection from theft—well, if someone steals your gold, it’s gone! Insurance for gold is a whole lot more expensive than insurance for fiat dollars, in the physical sense. And the last thing you’d want to hear is that the government allowed known fraudsters to steal your tax dollars.
The story you can read below would happen even if there were a government gold-backed currency. What would most likely happen if the Canadian dollar were backed by gold and theft were occurring is that the dollar-gold exchange rate would widen. So if 30 Canadian dollars equated to 1 ounce of gold, after an event like this, maybe 35 Canadian dollars would equal 1 ounce of gold.
The price of gold to buy things right now hasn’t budged much. 58 ounces of gold can buy you a luxury automobile. Well, in 1940 when 1 ounce of gold was about $34.50 USD, it would cost a person about $2,035.50 USD to buy a luxury automobile. A very high-end automobile in the 1940s would cost maybe $4,000—which is almost exactly what it would cost today with gold.
Why in the hell would I want the government to have that type of power in a democracy filled with idiots who can vote to confiscate my wealth? I personally think Donald Trump is doing a great job as President, but he could lose in 2020 and be replaced with an American version of Justin Trudeau.
I get it—a lot of people don’t like President Nixon. I’m not a big Nixon fan either. But there are pros and cons to what he did. The pro is: if some of you gold bugs would shut up, you would start to see the gold opportunities in all of this. If you’re a gold bug, you should be cheering on Bitcoin and cryptocurrencies—not because we want all our money to be digital, but because they (blockchainers) are developing duplicatable infrastructure!
Sure, crypto is in its baby steps right now, but where there’s a will, there’s a way. As more and more humans comprehend Austrian economics, there is going to be a conscious awakening at some point. It doesn’t mean everyone will understand it, but enough people will to make a dent. A lot of people already measure their wealth on the stock market priced in dollars. Well, suppose it eventually becomes standard to start basing your numerical wealth on something else?
There’s more than one way to skin a cat. And I personally think we’re entering an era in which innovation is simply going to make the government appear to be a dog-and-pony show—which it already is. I just think it will become increasingly more obvious. And as this happens, I think people will start to see how ahead of its time the Swiss form of governance is!
Known fraudsters targeting CERB for wrongful benefits, Commons committee told | NationalPost.com
Interesting times ahead.