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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Best of Bill Buckler
May 14, 2008
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A Global Monetary Rectangle - With Gold In The Middle: The new monetary order moving into place will be radically different from the post WW II world which had the US Dollar in the middle underpinned by Gold at $US 35.00 per ounce, with all the rest of the West's national currencies attached at fixed rates to the US Dollar as if they were spokes on a wheel. That ended between August 15, 1971, when the US threw away the US Dollar's connection to Gold and the establishment of the present global fiat currency regime when currencies "floated" in March 1973.

The New Global Monetary Order:

The new monetary order on the horizon will have the US Dollar in one corner, the Euro in another and the Japanese/Chinese Yen/Yuan, mutually stabilised in value by the joint efforts of both nations, in the third corner. The future Latin American monetary union will hold the fourth corner. A full Latin American monetary union is still a few years away but a Latin American Monetary Fund could arrive late this year.

The Return Of Gold As A Global Monetary Standard:

Naturally, each of the currencies in each of these global corners - US/North America, Latin America, Europe and Asia - will be valued against each other in active markets on the world's currency floors. But without a dominant "reserve currency", this new global monetary order will lack a real strategic centre of gravity. This is where GOLD comes back in main force. It is one of the inherent necessities of human logic to always have a gauge, a measuring stick, against which to measure all other like things. There are kilometres and miles for distance, kilograms and pounds for weight, gallons and litres for volume. The built-in factor in this new monetary order is that Gold will de-facto end up in the middle with each of the other four currency corners and monetary systems in their turn valued against Gold.

This is, of course, how all major world currencies came to be valued in the period between the end of the US Civil War and the onset of WWI. Under the new system, any global corner currency which loses international value against gold will be seen as the weakest one. Being seen as such, it will be further sold by active currency traders and futures traders, losing even more in global value. The global currency which either maintains its international value against Gold or perhaps even climbs in value against Gold will get the true worldwide blue seal of approval and be bought by holders of other currencies around the world based upon that fact alone.

Ó 2008 – The Privateer

http://www.the-privateer.com

capt@the-privateer.com

(reproduced with permission)

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