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Why gold?

This is one of the most common questions from people who are unfamiliar with the problems of fiat money or convinced that fiat money is desirable. Why gold? Bill Bonner says the following in an excellent article:

... one way or another…sooner or later, a new money system is bound to emerge [in place of dollar hegemony]. Most likely, it will have gold at its base. Why? Because in thousands of years of human experience, nothing better has ever been found. Not that we completely discount the possibility of a better system; humans can be clever. But money is the sort of activity where you don’t want cleverness. You want dumb, honest solidity…you want something that cleverness can’t undermine or circumvent. You want money that smart people can’t fiddle…and that is gold.

Well said. The American public does not understand just how much confidence is required in fiat money in order for it to work. And confidence is the basis of any "con scheme", that is confidence scheme. The supply of fiat money can be increased or decreased at the whims of those at the controls of the money supply. It is for this reason that Mayer Amschel Rothschild - founder of the Rothschild financial and industrial dynasty - said, "Permit me to issue and control the money of a nation, and I care not who makes its laws." Money, in the end, is what makes the world go round and whoever issues a fiat money - money that can be "fiddled" - along with protection of a legal monopoly holds the whole world in his hands, the world of those bound to use the fiat money, that is.

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