VIDEO: "The Secret of Oz Raises" Serious Doubts About a Gold Standard

Sunday, February 05, 2012

This is a must see video for all gold bugs as it raises the important question of who would ultimately benefit from a gold standard...and arrives at the answer that a silver standard would would be more benefactorial for the 99%.



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19 comments

smiley said...

Actually, following that logic, instead of silver standard we get Freegold. Fiat exchange system not controlled by the private banks and gold/silver as a store of value with free floating price. We need fiat but not like what exists now. Freegold looks to me like the next natural evolution step.

05 February, 2012 10:42

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06 March, 2012 06:37
Anonymous said...

Clearly the authors of the video haven't clue what the problem is; as although in part being that governments, on behalf of populations should not need to lease their money; neither can they be trusted to responsibly regulate its quantity. As history has proven that absent a natural means to limit its issue, the powers at be will tend to create as much for themselves as they desire to increase their own power and likely wealth, while devaluing all that was previously issued; thereby in effect taxing the population to support their folly. By requiring a currency be bound to some physically limited resilient thing, this prevents the latter from occurring. This is the true value of a gold backed currency.

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