Order of changes

Friedrich Dominicus — Wed, 27 Jun 2012 05:07:00 GMT

Well in my opinion there is an order of imporance for our money system.

The base is the fiat-money has to go. Nothing else will help the honest. All fiat-money systems are systems of defraud.

The holders of the "money" are states in the form of central banks. So it's clear central banks have no use in a 100 % gold backed currency. In fact central banks are those which manipulate the amount of money to their liking without anything but their will. And with the monopoly of force behind them. No one would accept written paper to be money if he does not know his counterpart and if he would not be coninced one could something for the offered money. The precious metals (especially gold) have their advantage, it's wanted world-wide and there is not country where gold is not precious. So everyone know Gold delivers.

So I'd propose the following order. 1) the new gold currency is just the weight of gold for prac tical use it might be a good idea to have coins of special weigh (g an kg are all we need for it, but even ounces would do) 2) the central banks can be kept during the introduction of gold as currency. There only duty is to fetch the gold let it coin an release it. The gold of the central banks is owned by everyone and so it could be the base for the money states have to use to pay their bills. 3) after that the central banks are closed down.

That's all. Everyone will tell us that is impossible to do, because of the sheer amount of free-floating paper (otherwise known as money). But we can find every quotient to make the amount of gold fit the currency in circuclation. it can' t be a problem do define one dollar worth 0.000001 g if that is what is needed. We roughly know the current amount of money and at least the central banks should know how much money they really printed.

Even Greenspan has has his light moments before he took the chair of the Fed. to that time he was exactly right. Why he lost it on the chair? Who knows.

Even if it may be difficult, it can get solved now or it will get solved in the future. Currently I'd think there is some kind of control possible, I doubt this will be true later. If the currencies and economies break down it's usual "fight" time. And as much as I hope it can workout without violance, I'm sure it will be violence....

Interest manipulation

Friedrich Dominicus — Fri, 02 Mar 2012 15:15:00 GMT

Well dear investors, it is time to conclude. One can not rely on economic data any more. The central banks do manipulate the interest and keep it on record lows. This just means you do not even get the proper interest to account for the inflation.

In short the central bank, inflate the amount of funny colorful papers. Nothing was produced, nothing save, just a few numbers in a computer. the number looks like this 500 000 000 000 for the new "offer" of the ECB. Well this is not an offer but calculated theft on savers. It's as every time. The debtors rob the creditors. That's the sad but true fact.

Again more credit is used trying to solve a problem caused by too much credit. Now tell me something about stupidness... So the disease will proceed and more and more will get infected. And then one day one has to recognize. Credit are not accepted any more. And BOOM.

Central banks , states needs for money and fiat-money a deadly combination....

F Dominicus Blog : end central banks, worthless money, end big government

Order of changes

Interest manipulation