This article, by Mike Adams, appeared in The International Forecaster under the title: "The Collapse Calendar reveals when failures likely to occur in banking,
agriculture, nuclear power, pandemic disease and more". You'll be tempted to shoot yourself in the head after reading this, but don't! Adams obviously put a lot of work into this article, but it is still his opinion and not preordained. Use it to fuel your will to survive and your commitment to prepare for the collapse.
Adam's article:
In the movie Knowing, starring Nicholas Cage, the main character is faced with
the burden of comprehending a written code revealing the exact dates and GPS
coordinates of large-scale catastrophic events. The movie is outstanding and well worth
watching, by the way, but could it ever be true?
Not at such precision, I would submit, but we can know when certain catastrophes are likely to occur based on an understanding of human behavior,
historical patterns and modern-day trends. In fact, much of modern-day human behavior
is pushing us directly into a long list of catastrophic, systemic failures which are
mathematically inevitable. This article aims to help sort out the likely calendar years of
likely emergence for such events, which include things like the irrigation aquifers
running dry, the world's oil supply running dry, nuclear energy disasters, a global
banking collapse and more.
The legacy of human civilization and its tragic self-destruction
To date, the legacy of humankind is a tragedy of chemical poisoning, nuclear
weapons, short-sighted resource extraction and corporate-driven war. Humans are a
species suffering from astonishing tunnel vision interwoven with insatiable greed and a
thirst for violence. The fall of human civilization from its current unsustainable
exploitations is not in question... only the timing of events remains unknown.
As the final chapter of human civilization seems to draw ever closer with each
passing crisis, many of the more observant people wonder what's going to spark the
collapse first. Pope Francis (yes, the Pope) recently warned that the global economy is
approaching a moment of collapse.
At the same time, many of our world's most brilliant computer scientists are
warning about the rise of AI and why super intelligent machines will soon make humanity
obsolete.
Those concerned about global warming say climate change will collapse the food
supply (due to weather radicalization) and cause mass starvation while drowning the
world's largest cities under ocean water. This scenario, fortunately, is one of the longer term
predictions, taking centuries to fully unfold.
Peak Oil observers point out that the petroleum economy upon which the world is
based is rapidly heading to "EMPTY." Once the oil runs out, what will power the
transportation system upon which nearly everything in the economy is based? (Food,
medicine, manufacturing, agriculture, employment, etc.)
UrbanMan's comment: Oil and therefore gasoline will become unaffordable long before the world run's out of it. We may see that this year for some people as gasoline is projected to hit $5.50 a gallon, which of course will drive up every single commodity,...food, clothing,...everything, and perhaps fuel a food crisis and economic collapse.
Independent economists warn that the global debt-based banking system is
headed for imminent collapse that will shutter the world's largest banks and cause all
customer deposits to be forfeit.
Meanwhile, environmentalists rightly warn about genetic pollution from
engineered crops, the mass poisoning of our farms and oceans with toxic pesticide
chemicals, and the dumping of heavy metals, pharmaceuticals and hormone disruptors
into the environment. How can life be sustained on a planet that's increasingly covered
in industrial poison?
In truth, every one of these groups has a valid point in one way or another.
But each of these risks for humanity has a very different likely timeline of likely
emergence. So for the "Collapse Calendar" shown here, I've put together a "best guess"
of the likely times in which each of these issues might become a legitimate concern.
These years are not entirely my own personal guesses but rather an aggregate
extrapolation of trends and predictions I've observed across many fields: the scientific
community, environmentalists, alternative economists, geologists, astrophysicists and so
on.
The Collapse Calendar: when the events are most likely to unfold. This list is ordered from the most near-term to long-term. The year range indicate
years in which the named events MAY occur (are most likely to occur based on current
trends).
2014 - 2025 World's debt-based banking system suffers catastrophic debt
collapse due to wildly over-leverage derivatives combined with endless money creation
by central banks.
2014 - 2034 Over the next 20 years or so, the odds of either a major nuclear
power disaster -- or a catastrophic worsening of the Fukushima Daiichi facility -- is
shockingly high. As we've already seen, nuclear disasters can be set off by natural
disasters such as earthquakes. Nuclear power plants can also be compromised by
power grid failures and EMP weapons (see below).
2015 - 2035 Over the next two decades, the chances of a deadly global
superbug rising out of the failed medical deployment of antibiotics is extremely high. We
have entered the "post-antibiotics era," medical authorities have now admitted, and
superbugs are widely circulating in hospitals and among the public that have no known
treatment or cure. Just this last week, over 75 scientists working at the CDC
accidentally infected each other with anthrax, proving that even the government's own
infectious disease experts can't reliably contain these diseases even under strict
laboratory conditions.
2015 - 2035 Nuclear war: The risk of nuclear war or nuclear terrorism is higher
than ever, with new conflicts now taking place in Ukraine as well as Iraq. Tensions are
heating up between America, Russia and China, in large part over the choice of which
global currency will be used for petroleum exchanges (presently it is largely the dollar, but Russia wants to change that). There's also the ever-present wildcard nation of North
Korea, which continues to possess and test nuclear weapons.
2018 - 2060 EMP attack on America's power grid: Once North Korea manages to
figure out how to affix high-yield nuclear weapons to long-range intercontinental ballistic
missiles, it will be able to fire those missiles into high-altitude detonation patterns over
North America, causing a voltage cascade that will destroy the entire power grid across
the nation. It's called an "EMP weapon," and the threat is very real. Fortunately, North
Korea is still several years away from successfully deploying a long-range missile.
Should it ever get close to actually being able to deploy such a weapon, I have full faith
that the American CIA will find some covert, off-the-books method of nuking the North
Korean government back into the Stone Age (and maybe even setting the Korean
people free from the "Kim Kult" in the process).
UrbanMan's comment: Nuclear war, nuclear disaster, EMP attack are all very possible and doubly so if radical Muslims gain a caliphate in the Middle East. Imagine these ass wipes gaining control of Syria, Iraq and Jordan. Access to weapons of mass destruction and drawing the U.S. and a host of other nations into a giant middle eatern war - well, sounds like Aramgeddon to me.
2020 - 2120 Peak Oil kicks in, causing a century-long steady decline in global oil
production combined with a steady rise in oil prices (which translate into more expensive
food and other consumer goods). Look for massive socioeconomic changes across the
Middle East, and especially in Saudi Arabia which is likely to experience a popular revolt
and violent government overthrow before the year 2040.
2025 - 2090 Many of the world's water aquifers that irrigate the mass food supply
run out of water, turning agricultural lands into deserts. The map on the right shows the
Ogallala aquifer that provides irrigation for much of Nebraska, Kansas, Colorado,
Oklahoma, Texas and even New Mexico. Once this water runs out, it can take centuries
for it to be replenished.
2029 - 2099 Futurist Ray Kurzweil predicts that 2029 is the year AI machines
become "smarter" than humans. Right now, Google and DARPA are developing
advanced humanoid robotics that can walk, climb stairs, run, carry weapons and track
humans. Once AI systems take command of these hardware platforms, many experts
predict humanity's days may be numbered. If true, the remainder of this list is irrelevant
unless you are a machine reading this for the historical record.
2014 - 2114 The Earth is struck by a massive space rock that destroys a major
world city. Technically, this prediction timeframe is not a true indication of the situation.
The reason I chose to show 2014 - 2114 is because a very large meteor strikes the
planet (actually, exploding in the atmosphere and causing widespread devastation)
roughly once every century. In 1908, for example, a meteor exploded over Tunguska,
Russia, devastating nearly all complex life across an area of 1,000 square miles.
2030 - 2100 The chronic loss of farming top soils starts turning once-arable lands
into Dust Bowl deserts. As Eddie Albert wrote in 1980 (yes, over 30 years ago!)
In the past 30 or 40 years, the heavy use of synthetic fertilizers, anhydrous
ammonia, nitrates, pesticides and herbicides, DDT, etc. have doubled and tripled the
yield of grain per acre . . . but at the expense of the organic matter in the soil. Rotation of
crops has been replaced with monoculture: corn, corn, corn, or wheat, wheat, wheat.
Everyone knows this method exhausts the soil and increases pest infestation, but people
are hungry and the cash register is jingling. Yet for every bushel of corn we harvest,
we lose two bushels of topsoil.
2040 - 2140 Environmental collapse accelerates after tipping point of chemicals
and heavy metals is reached. Mass extinction events ravage the planet, collapsing the
fragile web of life and leading to the widespread emergence of infectious disease
(Mother Nature's "CTRL-ALT-DEL" for rebooting civilization).
2100 - 2500 Oceans rise enough from global warming to start flooding lower elevation
cities, but this disaster, if it turns out to be true at all, will happen in slow-motion,
with ocean levels rising only fractions of an inch per year.
2014 - 202,014 Yes, the window of this prediction is 200,000 years, during which
time the massive caldera known as Yellowstone National Park is likely to violently
explode, blanketing much of North America in ash and causing extreme global dimming
for 1-3 years which would result in a global food supply collapse. Yellowstone explodes
roughly every 600,000 years and is currently understood to be "late." But in terms of a
human lifespan, the odds of Yellowstone erupting while any of us is alive remains
extremely remote.
Year 2,800,000,000 Approximately 2.8 billion years from now, the sun will
balloon into a massive "red giant" whose diameter is so large, it will physically engulf the
entire orbit of planet Earth. As this happens, of course, all life will be extinguished on our planet. But don't worry... humans are far more likely to have already destroyed
themselves before then.
Showing posts with label monetary collapse. Show all posts
Showing posts with label monetary collapse. Show all posts
Saturday, June 28, 2014
Sunday, October 27, 2013
Bankrupt Governments Likely To Confiscate Wealth And Independence
Excellent article from Gold Silver Worlds on what appears to be a probability
as the US Government not only increase the national debt limit but did not put a
cap on the limit on how much the government can borrow. I am not posting this
article by Claudio Grass to suggest you run out and buy Gold. Although I
believe in having Gold and Silver on hand, it is only one aspect of total
preparedness. I am posting this for overall situational awareness.
I am also posting this article as it supports the the 100% probability of an economic collapse unless things change drastically and soon. Whether you call it a financial or monetary collapse or a super depression really doesn't matter. What matters is the likelihood of the government confiscating not only precious metals but other forms of wealth in order to perpetuate their control. They (the Government) will have no choice if they want to retain control and power.
The first Liberty Forum will take place between December 4th and 8th. The conference has a focus on asset protection, wealth preservation and the preservation of liberty. Some off-the-chart successful investors, metals and resource experts, offshore service providers, and international legal and accounting professionals will be on hand to help with personal preservation strategies.
Keynote speakers are Peter Schiff, Doug Casey and Mark Skousen. One of the many lectures will be held by Claudio Grass, a passionate advocate of free-market thinking and libertarian philosophy. Mr. Grass is convinced that sound money, i.e. gold and silver, and human freedom are inextricably linked to each other. In his function as Managing Director at Global Gold in Switzerland he offers investors a safe, convenient and competitive Swiss solution for buying, selling, storing and delivering a variety of physically allocated bullion coins and bars, completely outside of the banking system and protected under Swiss law.
Claudio Grass has written several white papers, research notes and articles. In them, he has clearly explained that the most likely outcome of the current global debt situation is that governments will try to inflate their debts away. That is what has always happened throughout history. The current evolution of events has not changed his view. The latest actions by Bernanke, in particular his decision not to stop QE, underlines the validity of Claudio Grass’ view. “Taking Yellen’s history into account, I am certain she will follow in the footsteps of her predecessor. Therefore, nothing has changed from my point of view.”
The Liberty Forum conference brings up some fundamental statistics about the debt situation
• The U.S. currently owes 885% of its GDP, more than any other industrialized country.
• America hasn’t passed a budget since April of 2009.
• As a country, the U.S. has had a budget deficit in 42 out of the last 47 years.
• U.S. expenses are 56% higher than its revenues.
• America expects to double its debt within the next 10 years (the interest on that debt alone will equal $1 trillion a year).
• Its annual income is $2 trillion, while its total debt obligations are $121 trillion (that’s a debt ratio of 60/1 – typically anything over 1/1 is a HUGE red flag to any investor, indicating that a country is not likely to be able to pay its debts in 12 months’ time).
The true US financial situation remains remarkably underexposed as the mainstream media is mainly concentrating on Europe and increasingly the emerging markets. We asked Claudio Grass about his opinion on that.
German economist Wilhelm Röpke once said: “The theories men construct, and the words in which they are framed, often influence their mind more strongly than the facts presented by reality”.
This sentence nicely describes today’s mindset amongst most people in the western word. It is no wonder because we were raised in a government controlled education system, in which we are indoctrinated from childhood that the path of success is based on memorizing and repeating! We are not taught to question [authority], the reason for this is that it is much harder to manipulate logical or independent thinkers.
This is why I am such a fan of history; our world is the result of thoughts and actions from the past. You see the cause and effect? The problem is that the actual system we live in focuses only on the effects but never discloses the underlying causes, let alone trying to connect the dots. This research needs to be done by the individual. However, research requires a healthy portion of curiosity and bravery as well as independence and self-confidence to stand up for one’s own opinion, which will be in contrast to the story we are told by governments and the mainstream media. The emperor has no clothes; however, it always takes time until the child that reveals it will be heard.
The world reserve currency is still the U.S. Dollar (USD) and more than 60% of all the reserves with central banks are still based on the USD, and only approximately 25% are in Euros. Therefore, many more governments and pressure groups are dependent on the USD and have an interest in not disclosing the truth about the actual state of the dollar. Also, in terms of global trade the USD is still the prevailing currency, especially as long as the USD keeps its hegemony over the Middle East and its oil reserves. In addition, specifically related to the USD, there is a single institution that has decisive power. It is therefore much more reactive than the Euro system with different central banks and different nations, each with their own national political agendas. Therefore, the power of the Euro is much more limited, which makes it also more fragile and vulnerable.
Bankrupt governments likely to confiscate wealth and independence
Claudio Grass goes on to point to a concerning trend: as governments run out of money, people’s sovereign rights to wealth and independence get increasingly trampled. What the world is experiencing for the last 100 years is an ongoing centralization especially in terms of credit – the so called monetary system – and political power in the hands of a few. This is only financeable if existing wealth is redistributed from the bottom to the top, through inflation and taxation. Since 2007 the average U.S. family wealth plunged 40%. Back in 1913 the average government quota was less than 10%. Today, depending on the country, (or the state) government quotas are between 50-70%. The trend is obvious! This system can go on until the remaining 50-30% is nationalized. The result is simple: Slavery!
That’s why it is my conviction that we are going to see “tools of financial repression” kicking in much harder within the next 5 years, which will impoverish most of middle class, but also affluent people. I see some parallels with the Weimar Republic before World War II. Back then, the US government in cooperation with Wall Street, flooded especially Germany with cheap credit by implementing the Dawes and Young Plan during 1924 and 1932. Afterwards it happened what always comes after an artificial boom: destruction and bust. This created a toxic environment for persons such as Hitler, Stalin, Franco and Roosevelt, to name just a few who came to power at about the same time, and more important, promoted more centralized political power and war. People were exhausted and the future was not really bright – and we are facing the same symptoms again today. We have 50 Million Americans living off food vouchers and this figure is still climbing. I believe history does not repeat itself but it rhymes, and therefore people need to understand that within the actual system property-rights do not really exist. People need to realize they are dependent on the whims of government and banks.
The first signs of these trends are already visible. Politicians and mainstream media say that things are improving which does not reflect the above mentioned trends. Most economic reports even expect economic growth. How can expectations be so different while everyone is looking at the same data? Claudio Grass answers that question with a quote of Edward Bernays, Father of Propaganda.
“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in a democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. [...] We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society. [...] In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons … who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind.”
Include a monetary crash in your risk assessment
Claudio Grass looks at the mess the world is in today and suggests to include a possible crash of the actual system as part of one’s risk assessments. Therefore, an investment into a tangible asset, without having any counterparty- risk, makes absolutely sense.
It is impossible to foresee when the system will crash. Inevitable does not necessarily mean imminent. However, “I am convinced that this world will look very different in the coming years and what can be said, too, is that it is not developing in the right direction.”
Anthony C. Sutton (British and American economist, historian and notable author, answered this question once by stating: “It will not stop until we act upon one simple axiom: that the power system continues only as long as individuals want it to continue, and it will continue only so long as individuals try to get something for nothing. The day when a majority of individuals declares or acts as if it wants nothing from government, declares it will look after its won welfare and interest, then on that day power elites are doomed.”
I started buying physical Gold and Silver in 2004 and so far it has been a very good investment. At the same time I explored the fascinating history of money; it reads like a criminal novel or even like a horror story in some cases. I personally support a system that is based on free market money where people can freely decide what they want to use as currency – sound money for a sound society. Money stands in the center of how human beings live together. It must be consequently a property title and not a debt promise. Gold and Silver are money in its pure form! They allow people to exchange goods, based on mutual respect and honesty….. With sound money we used to have production and trade and therefore prosperity. With fake money these periods have been dominated logically by corruption and wars; or in the words of Lord Acton, “Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.”
UrbanMan's comment: I agree with everything in this article except the very last sentence" "Great men are almost always bad men.” This is simply not true. Great men are most often common men to rise to meet a challenge.
I am also posting this article as it supports the the 100% probability of an economic collapse unless things change drastically and soon. Whether you call it a financial or monetary collapse or a super depression really doesn't matter. What matters is the likelihood of the government confiscating not only precious metals but other forms of wealth in order to perpetuate their control. They (the Government) will have no choice if they want to retain control and power.
The first Liberty Forum will take place between December 4th and 8th. The conference has a focus on asset protection, wealth preservation and the preservation of liberty. Some off-the-chart successful investors, metals and resource experts, offshore service providers, and international legal and accounting professionals will be on hand to help with personal preservation strategies.
Keynote speakers are Peter Schiff, Doug Casey and Mark Skousen. One of the many lectures will be held by Claudio Grass, a passionate advocate of free-market thinking and libertarian philosophy. Mr. Grass is convinced that sound money, i.e. gold and silver, and human freedom are inextricably linked to each other. In his function as Managing Director at Global Gold in Switzerland he offers investors a safe, convenient and competitive Swiss solution for buying, selling, storing and delivering a variety of physically allocated bullion coins and bars, completely outside of the banking system and protected under Swiss law.
Claudio Grass has written several white papers, research notes and articles. In them, he has clearly explained that the most likely outcome of the current global debt situation is that governments will try to inflate their debts away. That is what has always happened throughout history. The current evolution of events has not changed his view. The latest actions by Bernanke, in particular his decision not to stop QE, underlines the validity of Claudio Grass’ view. “Taking Yellen’s history into account, I am certain she will follow in the footsteps of her predecessor. Therefore, nothing has changed from my point of view.”
The Liberty Forum conference brings up some fundamental statistics about the debt situation
• The U.S. currently owes 885% of its GDP, more than any other industrialized country.
• America hasn’t passed a budget since April of 2009.
• As a country, the U.S. has had a budget deficit in 42 out of the last 47 years.
• U.S. expenses are 56% higher than its revenues.
• America expects to double its debt within the next 10 years (the interest on that debt alone will equal $1 trillion a year).
• Its annual income is $2 trillion, while its total debt obligations are $121 trillion (that’s a debt ratio of 60/1 – typically anything over 1/1 is a HUGE red flag to any investor, indicating that a country is not likely to be able to pay its debts in 12 months’ time).
The true US financial situation remains remarkably underexposed as the mainstream media is mainly concentrating on Europe and increasingly the emerging markets. We asked Claudio Grass about his opinion on that.
German economist Wilhelm Röpke once said: “The theories men construct, and the words in which they are framed, often influence their mind more strongly than the facts presented by reality”.
This sentence nicely describes today’s mindset amongst most people in the western word. It is no wonder because we were raised in a government controlled education system, in which we are indoctrinated from childhood that the path of success is based on memorizing and repeating! We are not taught to question [authority], the reason for this is that it is much harder to manipulate logical or independent thinkers.
This is why I am such a fan of history; our world is the result of thoughts and actions from the past. You see the cause and effect? The problem is that the actual system we live in focuses only on the effects but never discloses the underlying causes, let alone trying to connect the dots. This research needs to be done by the individual. However, research requires a healthy portion of curiosity and bravery as well as independence and self-confidence to stand up for one’s own opinion, which will be in contrast to the story we are told by governments and the mainstream media. The emperor has no clothes; however, it always takes time until the child that reveals it will be heard.
The world reserve currency is still the U.S. Dollar (USD) and more than 60% of all the reserves with central banks are still based on the USD, and only approximately 25% are in Euros. Therefore, many more governments and pressure groups are dependent on the USD and have an interest in not disclosing the truth about the actual state of the dollar. Also, in terms of global trade the USD is still the prevailing currency, especially as long as the USD keeps its hegemony over the Middle East and its oil reserves. In addition, specifically related to the USD, there is a single institution that has decisive power. It is therefore much more reactive than the Euro system with different central banks and different nations, each with their own national political agendas. Therefore, the power of the Euro is much more limited, which makes it also more fragile and vulnerable.
Bankrupt governments likely to confiscate wealth and independence
Claudio Grass goes on to point to a concerning trend: as governments run out of money, people’s sovereign rights to wealth and independence get increasingly trampled. What the world is experiencing for the last 100 years is an ongoing centralization especially in terms of credit – the so called monetary system – and political power in the hands of a few. This is only financeable if existing wealth is redistributed from the bottom to the top, through inflation and taxation. Since 2007 the average U.S. family wealth plunged 40%. Back in 1913 the average government quota was less than 10%. Today, depending on the country, (or the state) government quotas are between 50-70%. The trend is obvious! This system can go on until the remaining 50-30% is nationalized. The result is simple: Slavery!
That’s why it is my conviction that we are going to see “tools of financial repression” kicking in much harder within the next 5 years, which will impoverish most of middle class, but also affluent people. I see some parallels with the Weimar Republic before World War II. Back then, the US government in cooperation with Wall Street, flooded especially Germany with cheap credit by implementing the Dawes and Young Plan during 1924 and 1932. Afterwards it happened what always comes after an artificial boom: destruction and bust. This created a toxic environment for persons such as Hitler, Stalin, Franco and Roosevelt, to name just a few who came to power at about the same time, and more important, promoted more centralized political power and war. People were exhausted and the future was not really bright – and we are facing the same symptoms again today. We have 50 Million Americans living off food vouchers and this figure is still climbing. I believe history does not repeat itself but it rhymes, and therefore people need to understand that within the actual system property-rights do not really exist. People need to realize they are dependent on the whims of government and banks.
The first signs of these trends are already visible. Politicians and mainstream media say that things are improving which does not reflect the above mentioned trends. Most economic reports even expect economic growth. How can expectations be so different while everyone is looking at the same data? Claudio Grass answers that question with a quote of Edward Bernays, Father of Propaganda.
“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in a democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. [...] We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society. [...] In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons … who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind.”
Include a monetary crash in your risk assessment
Claudio Grass looks at the mess the world is in today and suggests to include a possible crash of the actual system as part of one’s risk assessments. Therefore, an investment into a tangible asset, without having any counterparty- risk, makes absolutely sense.
It is impossible to foresee when the system will crash. Inevitable does not necessarily mean imminent. However, “I am convinced that this world will look very different in the coming years and what can be said, too, is that it is not developing in the right direction.”
Anthony C. Sutton (British and American economist, historian and notable author, answered this question once by stating: “It will not stop until we act upon one simple axiom: that the power system continues only as long as individuals want it to continue, and it will continue only so long as individuals try to get something for nothing. The day when a majority of individuals declares or acts as if it wants nothing from government, declares it will look after its won welfare and interest, then on that day power elites are doomed.”
I started buying physical Gold and Silver in 2004 and so far it has been a very good investment. At the same time I explored the fascinating history of money; it reads like a criminal novel or even like a horror story in some cases. I personally support a system that is based on free market money where people can freely decide what they want to use as currency – sound money for a sound society. Money stands in the center of how human beings live together. It must be consequently a property title and not a debt promise. Gold and Silver are money in its pure form! They allow people to exchange goods, based on mutual respect and honesty….. With sound money we used to have production and trade and therefore prosperity. With fake money these periods have been dominated logically by corruption and wars; or in the words of Lord Acton, “Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.”
UrbanMan's comment: I agree with everything in this article except the very last sentence" "Great men are almost always bad men.” This is simply not true. Great men are most often common men to rise to meet a challenge.
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