Babylon's Bankers

THE ALCHEMICAL GOLD STANDARD

As  you know by now, I am a subscriber to that wonderful electronic newsletter from Great Britain, The Daily Bell, and often write and comment about their articles here, and I had to say something about this one:

A Gold Standard Is Good?

We note of course the story we have covered here in previous blogs, namely, the move of the Asian powers - China, Russia, Japan, and India, and more recently, Iran, away from the dollar as their reserve currency, to direct currency exchanges, and not, according to The Daily Bell, rumors that they will also partially base their trade on gold. But there is a story hidden in this article, and it's this:

"Yet another story was about World Bank President Robert Zoellick, who has been promoting a Gold Standard for years, 'admitting' the demise of the dollar reflects 'a changing balance of power' in the world. Even Newt Gingrich has jumped aboard the gold train.

"These stories are framed as resistance against the dollar hegemony and of course that is only a part of the story ... But the decline of the dollar is only part of the story. The dollar is only the current vehicle the Money Power uses to rule international finance. It doesn't care for the vehicle itself, as long as it has a suitable successor and that will be Gold.

"And in the US itself there also is a strong drive towards Gold as currency. The onslaught by Austrian Economics in the Alternative Media comes to mind. And Ron Paul of course. He openly calls for Gold as currency. In this respect, he clearly is the ultimate internationalist candidate. This contrasts sharply with his patriotic 'constitutionalism'."(Italicized emphasis in the original, boldface emphasis added)

Well, first things first. Why would a return to the gold standard be part of the corporate elite's agenda?As I have noted elsewhere on this site, the gold standard had to be drastically modified in the wake of World War One and the vast expansion of credit and debt - all controlled by the banksters of course - that occurred because of it. This led to a vast expansion of central banking institutions to serve other central banks, the Bank of International Settlements or BIS at the head of the list. In the post-World War Two period, this led to the creation of further such institutions of dollar hegemony, the International Monetary Fund, the Bretton Woods agreement, and the World Bank among them. Then, in 1971, Nixon took the dollar off of this modified gold standard system, and we have been living under a system of floating currency values ever since, revolving around the dollar. And again, it was the pressures of the Vietnam War that led to this step.

We come to the heart of the matter: a return to the gold standard might mean a vast deflationary process, the reverse of the process that led to its abandonment. But there is a problem here, namely, that the gold standard did not prevent the inflationary expansion of credit and debt to begin with, expansions, as we have noted, due to the World Wars and subsequently Vietnam. In short, a gold standard is no measure of monetary stability. It was, and would be, just another tool in the bankster warchest for the manipulation of money for their own benefit.

We come then to the heart of The Daily Bell article:

"Some of this is good! Some of this, we've have pointed out in various articles ourselves. We think, possibly, that Money Power is deliberately breaking down the "old" economic order in order to create some sort of one-world currency. We think gold may be part of it – and we're surely not in favor of this sort of "directed history" when it comes to monetary schemes.

"But we also believe that money, historically, has proven out to be gold and silver; though as hard-money economist Murray Rothbard pointed out, money has ALSO been virtually anything that people have decided it is.

"However, Rothbard, from what we can tell, was mostly talking about commodity money – shells, salt, copper discs, etc., that are injected into economies via MARKET FORCES. The problem comes when certain monetary theorists want to use monopoly power (often of the state) to produce pure-paper money.

"Once the state (or its adjuncts) decides to assume the power to "print" money, the marketplace monitor that works so well for private money is disassembled. Those who work (for the state, especially) do not know how much money is "enough" money – nor can they."

But this is simply untrue. As I pointed out in Babylon's Banksters, the earliest form of money in Mesopotamia was simply clay tablets, bills and receipts of exchange that circulated as money, sometimes debt-free, sometimes not. But the real problem is who is doing the money-issuing. Money, as I noted in Babylon's Banksters represents two things, and not just one. It is, yes, a medium of exchange, and thus represents a "what." But is also represents a who, namely, who is ultimately behind its issuance, a fact hinted at in the following lines from the article:

"Mr. Migchels writes that, "Far from a 'solution', the coming Gold Standard is the logical next step in the Money Power plan of destabilization and order out of chaos. We will have a long and painful depression. Although it is not certain that Gold will completely replace paper, it is obvious that we will know scarce money and contraction for years to come."

"This is only certain if the powers-that-be are able to mandate a state-run gold standard. State power is always to be feared, especially in the context of a new monetary system. But we would argue, on the other hand, that no one has to fear money that is created within the context of the market itself."

The point is, we are entering a new era, caused both by the rapid expansion of technology, and shifting geopolitical and cultural centers. And in this shifting era, we need to have an open and public debate on what constitutes money, and who can issue it. With the emergence of so much money in the form of electronic transfers,as information, the possibility arises of local markets being able to create forms of money in response to local market conditions, and yet to trade on an international level. It would be possible to imagine an "Ithica Hours" local currency trading with local markets in Argentina, or India, or China, and bypassing the national currencies of such countries completely. In short, technology is raising the specter once again - the specter so hated by central banksters - of local debt-free currencies as receipts for goods and services.  We therefore respectfully disagree that a free market my bullion system is necessary, though, like The Daily Bell, it would be a logical step to occur. The real point is, once again, that an open and public debate on the nature of money - and whether or not the world needs a class of monopolist central banksters - is what is really needed.

See you on the flip side.

 

37 thoughts on “THE ALCHEMICAL GOLD STANDARD”

  1. “It is, yes, a medium of exchange, and thus represents a “what.” But is also represents a who, namely, who is ultimately behind its issuance,”

    See the excellent article in the Aug-Sep 2011 issue of Nexus magazine, “Carbon currency, smart energy grids and the rise of the technocracy.”

    This article is well researched and makes the case that the elite has been putting in place a new currency in the form of energy credits for some time now. It makes sense that energy credits will be the next currency as energy is going to be the ultimate thing of value. Energy credits could be issued by the corporate suppliers of energy themselves, they being de facto the new government. Energy credits can be allotted similar to rationing and can be a medium of exchange.

    If you speak out against the system, you might find that your ability to obtain energy credits, all existing in cyberspace, has been curtailed, or even revoked.

    Not in the article are some further possibilities that might arise when the energy suppliers become the true rulers. There has been an acknowledgement for some time, the technology for free energy exists and is being used by the elite/breakaway-civilization. The problem has been how to control its integration into the rest of society. If the elite can figure out a way to clandestinely integrate it into the grid, they can continue create the illusion of scarcity and keep the energy prices high. Indeed, there are claims that this is already being done.

    1. & the humANIMAL goes, “BAAH!” (Moo? Snort?). Matter & Intellect (Budding Intelligence) IS The TRANSMUTATION Process. (The Horror! The horror..!) M-EAT, young Cannibals? (“Give ’em just enough to become Fat, then Process ‘Em.) $=Energy=Matter=more – Substantive to Ethereal. … (Until Creationall Process is Known Intimately, all parts are Pieces, Not Players. Luv the Board.)

  2. Please have a look at the latest Daily Bell as regards how well a centrally planned banking system has worked in this country and how it matters not a whit whether it be a private banking cartel, or a government department that attempts to price fix the rates and values of their fiat currency. It’s all bound to have a bad ending. It seems no one wishes to learn the lessons from history be it the Chinese flying money, the debacle of John Say, or the worthless Continentals, Greenbacks or Confederate notes. Is it any wonder that we seemed doomed to repeat the same mistakes with the same misdirected thinking?

    Dollar?
    Thursday, February 09, 2012 – by Adrian Krieg

    http://thedailybell.com/3591/Adrian-Krieg-Dollar

    1. Robert Barricklow

      Egland’s King/Bank of England conducteda massive counterfeit operation on the continental script. That was it’s downfall, true economic warfare, that continuesto this day – writ globally.
      A continuous battle between the people becoming the master of money(for the 99%), or it’s slave(to the 1%).

  3. The real problem lay in every materialist person’s materialism. You cannot defeat this enemy before you… You will try, you may even be deluded into thinking you’ve managed it, but they are representatives of the Alchemical Process, which each refuse to acknowledge in their own way… “They” will never ‘go away,’ just return and implacably reassert their dominance again (stronger). Since none appear to know the Truth of the Alchemy of compression & resistence, I’ll share the ultimate clue with you all: “Your Greatest Enemy… Understood… Is Your Greatest Friend.” Try to understand this, especially in those moments when you’re ‘on the serving table,’ being served up. Transmute-Transform-TranscEnd. 1 more… Then Another.

  4. Although I don’t buy into the Gold only standard, money needs to be pegged to tangible assets. SDR’s come to mind. Maybe they would work, but the Phoenician Canaanite Babylonians will play them out. Sooooo…where does the real problem lie?

  5. Hi. So this might sound crazy, but today i had a dream. In the dream it showed the pyramids of giza and an asteroid that was headed towards earth. The next thing that happened was that the pyramids shot a beam of light into the sky and destroyed the asteroid. After the asteroid blew up, i had awaken. Immediately after i woke up i went on my mac and typed ancient egyptian super weapons in google and i found all this info about your book and info on the giza death star, later the info led me to your website. I don’t know if this was just pure randomness or what but I’m definitely spooked from all of this.

    1. You sound perfectly legit to me when one considers all the wacky, zany events we all deal with on an ongoing basis. Welcome aboard but strap yourself in for a wild ride because there are some ‘crazy’ ideas posted on this blog.

  6. IMO, the world needs ALL the Banksters to gather in one building and conduct a private debate on whether or not the world needs a class of monopolist central banksters – then hope somebody does not light off a huge bomb – that is what is really needed.

    1. Vinnie-

      My question wasn’t: “What is money?”, I said what is value?

      And value is the word you used.

        1. Vinnie,

          An ethical treatise? That doesn’t say what value of monies is or value of whatever commodity.

          Ethically, it’s valuable to me that my neighbor be not desperately poor. Which is exactly the opposite of what the “free market” types preach.

          And it is these “free market” types who have valued debt speculation over ideas, goods, and energies produced.

          1. Jay, I think you mistake a real free market for what has been passed off as such. What you may be confusing it with is a rigged market with the price of “money” fixed by the creative bankers who set interest rates and control the quantity and value thereof. That’s why you can’t ever leave it up to men to have that authority be they private or so called public interests. No one has the knowledge or ability to plan, control, or regulate an economy without creating chaos and instability.
            What we have in fact is mercantilism by an elite and fascism by any other name you may wish to call it. It’s a wonderful way to shift real wealth from the hands of those who create and produce it into the hands of the parasite class who magically transform paper, electronic digits and credit into wealth for themselves and those who benefit directly from this system.
            If anything, you should realize that you’re actually describing the banking elites and handful of wealthy families who’ve rigged the game in their favor and recognize that only a truly free market, including what is money can ever produce what I believe you and I most value.

          2. Vinnie,

            You’re right, but not right in the way you think.

            The “real” free market is rigged; it’s what’s always done. Hard data is hidden, and its transmission is slowed for advantage.

            No news there. That some “elites” are better at it than you or me doesn’t mean it’s not a “free market”.

            Put differently: There’s no such thing as having perfect knowledge of a given situation.

          3. You’re right Jay. There is no perfect knowledge in a truly free market, which is why it’s easy to get rich when you’re manipulating the game in your favor, setting interest rates and controlling the money supply, fixing prices and buying politicians.
            Decentralize the power, dismantle the control and the partnership of international banking, international corporations and national governments and you’ll get a much better result for us, not them.
            We’re both saying much the same thing. The only stumbling block is probably just definitional.

    1. The Alchemical HUM of Electrum hum hum… to which everone Dances in “rapturous” De-lie-ght. . .. (“D” means dis-integration; Lie-ght means Illusion field construct.) … Even the mine slaves.

    2. “The golden rule:
      He was has the gold RULES.”

      Very true Robert but i would also add to that “he who has armed might rules”.

      1. Robert Barricklow

        Thus the Pentagon is the muscle behind the (FED)ERAl RESERVE. Ironic, in that the FED is an international banking cartel organization, a sworn enemy of the Nation-States. When the Banks(read “international banking cartels) claimed they were broke, we need someone like:

        Martail, Epigrams, xi-66, 1st Century AD:
        “Your an informer and a muck-racker, a fraudster and a common, a cocksucker and a bad influence. All this, Vacerra, and amazingly, you’re still broke.”

      2. Haha that’s a good one Robert, the Romans certainly knew how to call a spade a spade.

        And when the governments want to raise taxes when banks claim they are broke, then we need a Tiberius Julius Caesar Augustus to remind them that “It is the duty of a good shepherd to shear his sheep, not to skin them.”

        1. Robert Barricklow

          That’s good.
          By the way, Tiberius is protrayed in an excellent Historical Mystery Novel Series set in ancient Rome during his rule. It revolves around the character Marcus Didius Falco a dectective(known in those bygone days(?) as an informer). Lindsey Davis has about 26 in the series. I’ve read most of them and Tiberius comes out, …well, put it this way – better than most of the leaders we have today.

        2. It is certainly true that Tiberius gets a bad rap, Robert. It is true that the elite suffered under his rule but that seems to be as far as it got. If you read Tacitus, despite his biased view of emperors as a whole, Tiberius does come across as generous and even caring (as far as a ruler can be of course) towards the common people. He wasn’t tight with his money for the commoner in need.
          I haven’t read the Falco books, perhaps I shall have to add that to my reading list. Thanks for the recommendation.

        3. By the way Robert if you are interested in Historical Fiction then I highly recommend “The Masters of Rome” series by Colleen McCullough. Not only is it brilliantly written, it is also extremely historically accurate. She researched extensively before writing them. Its 7 books in total (average 700 pages each) and is well worth it. The series deals with the fall of the roman republic from 110BC until 27BC.

  7. They will link gold to the new currency scheme only to give the new currency scheme the appearance of being sound. This will also give the legal trigger to confiscate gold once again. The new money scheme will be purely electronic and controlled by the Babylon banksters (if they have their way).

    What if ultimately the Nephilim gold mining operations never ended and human beings have been unwittingly mining gold under the covert direction of the homo nephilim overseers for these thousands of years since the Nephilim departed? What if, at some point in the future, when the earth has been sufficiently mined, the Nephilim will return to collect all the gold? Maybe this is the final stage where the homo nephilim, the Babylon banksters, will find some clever way to round up all the world’s gold for delivery to their returning Nephilim masters? Say, a global currency backed by gold where all the world’s gold will be held in a just a few locations, but locations that will seem fair to all the governments of the world. These gold vaults will then become the delivery centers for the returning Nephilim.

    The only problem I have with this ancient gold mining theory of Sitchin, Danniken, etc. is that if the Nephilim are capable of space travel they would most likely be capable of creating alchemical gold…

      1. Maybe it has already been mined thousands of years ago when it was a temperate climate?

        Maybe it is being mined now?

        Or, maybe they intend to mine it thousands of years from now when their is a shift in the polar axis due to precession or other factors and the Antarctic is no longer the South Pole.

        This would give us quite a respite from the impending Nephilim alien invasion. All the other alien invasions though, which have so many people hiding under their beds, may still be in play.

        My Nephilim gold mining theory is only 24 hours old. You could describe it as half-baked..

  8. And again, will this new head fool the software?

    The capacity to make energies and matter in quantity seems more valuable than monies.

    Gold, paper, silver, etc are simply markers for exchange, which of course can be financialized–a condition which immediately supports all sorts of credit abuses.

    Of course making the periodic chart and energies implies the reverse and a lot more, see Judy Wood.

  9. The open debate, as you put it should take the form of a “market money”, decided not by a private central bank or by govt issue, but instead by what the consumer chooses to accept in payment for his labor, goods and services.
    We should not forget that a real currency actually gains value over time rather than losing value as all fiat currencies must do.

      1. Whatever the market establishes. It’s an ongoing and flexible process in the same way that you could ask what’s the value of a computer or a hamburger? It’s the sum of all of our subjective choices expressed in the sum of our purchases.

        1. No the point you made is that the value of whatever–wheat, gold, coal–increases by holding the item.

          And how would that work, coal is worth more gold in a month, so then one would lose value.

          And anyhow, since you can’t really carry that stuff around in quantity, one sets up paper equivalents–then comes credit, next interest on that credit, then speculation on that interest.

          But the matter and energy represented by gold or coal or wheat can be created with other informations.

  10. Concerned Friend

    Once again Dr. Farrell we come to the heart of the issue: who has the monopoly over money issuance. As I have noted in the other blog covering this very article, it does not matter whether the issuance is public or private, having the power to be the sole creator of money (usually requiring a private-public fusion, or at least the blessings of the state) is the problem.

    Also, in reference to the comment concerning local market created currencies to meet local market needs, I bring this very point up in my comment on the other related blog. The power to issue money should be left to the market, so that individual market participants, not politically aligned bankers, politicians, or other interest groups, decide what can and will be used.

  11. Dashiell Cabasa

    Yes, bring on the Iceland solution..

    The media here , even the supposedly objective BBC, has still yet to mention a word upon how the Icelandic folk dealt with their aspect of the ‘crunch’.

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