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 Democracy to pick a Federal politician to lead them is intelligent, but I personally think the systems of Democracy in most countries is moronic and will lead to some serious social and economic problems in near future.
To comprehend why I don’t like democracy as it’s structured in Canada and tie it into why I’m against a GOVERNMENT gold standard currency, please consider watching the short clip below
Now, in Canada as well as 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 is said ok 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 too.
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 obviously once word spread people began taking more than they needed.
Now, that this is established, imagine this free government money was 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 what current Prime minister Justin Trudeau and others have done. The ancient Roman Empire which had a Gold Standard fell because of similar reasons Justin Trudeau imagined.
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/dilute the gold content in their Government money when any problem large or small crept up?
I’m sure there were voices against printing money/diluting the gold content in the Roman dollar, but what king, leader, President, or Prime Minister wants to be viewed upon as the bad guy during the ‘bad times’? To the guillotine for thee the democracy screams, hen 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 could 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 if they’re 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 who allow theft to occur in Switzerland can go to jail!.
The Swiss are also smart enough not to make their federal government their most powerful government, the Swiss comprehend the flaws of democracy and built their society to address democracies flaws, Switzerland is not top-heavy, it has a strong economic foundation compared to other nations and again a quick reminder that 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 countries governance, I write over and over again about Austerity measures, people don’t like talking about it because in the West we function under a political democracy and if a government service gets cut the people reliant on that government service will vote to make sure that it’s not their service or job that gets 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 if there was a Government Gold-Backed Currency, what would most likely happen if the Canadian dollar was backed by Gold and theft was occurring is that the dollar Gold exchange would widen. So if 30 Canadian dollars equated to 1 ounce of Gold, after an event like this happened 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 $34.5 USD it would cost a person about $2,035.5 USD to buy a luxury automobile a very high-end automobile in the 1940s would cost maybe $4000 which is almost the exact same as it ould 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 crypto-currencies, not because we want all our money to be digital, but because they(block-chainers) 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 this awakening, but enough people will understand it to make a dent, a lot of people already measure their wealth on the stock market priced in dollars, well, suppose it eventually becomes a standard to start basing your numerical wealth on something else?
There’s more than 1 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 the times the Swiss form of governance is!
Known fraudsters targeting CERB for wrongful benefits, Commons committee told | NationalPost.com
Interesting times ahead