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Only Gold is worth having
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07-12-2012, 04:39 AM
Post: #1
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Only Gold is worth having
Dear BrotherJohn,
I am not sure if you are aware of FOFOA and his writings. He states that the TPTB have already chosen Gold and only Gold as their store of wealth and that we should join them. Silver is just an industrial commodity. Quote from FOFA:- Today we have arrived at the end of a long period in which the debtors have reaped immense amounts of real world goods from the savers. They have done so by issuing paper debt in exchange for real goods. Most of my critics confuse who the debtors and the savers actually are. They think "the American people" have been screwed over by the bankers for so long and now is the time to take it all back. What they don't realize is that "the American people" and "the bankers" (the commercial bankers) are in the same camp. So is the government. They are all "Debtors." And as this pendulum swings, they should be (we all should be) very happy for the acceptance of Freegold by the Giants, the CBs, and the Savers. But my critics can't even see this paradigm, because they are stuck in a bad one. And their bad paradigm leads them to tilting at windmills like "buy silver, crash JPM," "end the fed," "the Kucinich easy money bill," "buy silver because TPTB only have gold," "the end of fiat is coming," "the euro is no different than the dollar," etc., etc... What is actually coming down the tracks with the inertia of a massive locomotive pulling the Freegold party train is what Robert Zoellick has been hinting at publicly, completely misunderstood by gold bugs and Chartalists alike. It is gold used internationally in a new monetary role, not seen in prior history. It is the next step in the evolution of the concept of money. Gold is to become the floating, free market reference point for fiat currencies of all stripes. And to do this, it will shed the albatross that is its parity relationship with paper promises of gold from private institutions that are backed by more paper promises of gold from other private institutions in a perpetual loop of paper promises. This paper promise loop/"market" is not a stable benchmark, and it will have to go. So now you have a choice. You can hop on the party train and buy some physical gold before the journey is complete. Or you can join the ranks of toy soldiers standing strong against the unstoppable force of time. The choice is yours. Sincerely, FOFOA |
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