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Posts Tagged ‘fiat illusion’

This is a great article on the state of our worlds fiat currency systems and their attitude toward gold.

Greenspan made an amazing statement this week.  He stated on September 15th:

“Fiat money has no place to go but gold.”

What could he mean by that?  He continued:

He further commented that “if all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.”

Unfortunately, they aren’t as outline further in the article.

These events are all starting to intersect.  No Fiat currency has ever succeeded.

We will at one point, see our leaders declare that the current currencies are not working but there is a better plan to move to a single more stable global currency.

Until then we will continue to see the attacks on gold, to keep the fiat illusion firmly in place.

If you haven’t read Atlas Shrugged, I would highly recommend it.  I began reading it recently and it was spooky how all the characters and philosophies could have just as easily been the last two years.  They matched exactly…

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Atlas just shrugged

On September 15 former Federal Reserve Chairman Alan Greenspan made a speech to the Council on Foreign Relations. Some very interesting comments he made with respect to gold in response to a question were reported in an editorial in yesterday’s New York Sun, “Greenspan’s Warning on Gold”:

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