Bernanke Lied – Gold is Money, Not Tradition at BIS
Utmärkt artikel från Wealth Cycles om varför Guld är pengar. BIS spelar en central roll i det hela. Liksom olja. Olja och guld är och kommer att fortsätta vara kärnan i vårt finansiella system.
För en liten tankeställare om vår fiktiva uppblåsta pappersvärld så kommer här Aristotle! Enjoy!
Happy New Year to everyone, as we leave the 1900s to the historians!
Most Americans are justifiably proud of their country due to its history and prominent role in the world scene. However, this tends to lend itself to an Americentric perception that the world revolves around America, that America’s problems are necessarily the world’s problems, while the world’s problems are deemed to be nothing of consequence–reported on the evening news inconveniently between sports and weather…
Living in a land where these common necessities are found in abundance, it is too convenient to suspend the disbelief that the entire world shares and rejoices in our own good fortune. Thus deluded by our own fantasy, we are like the person sitting at the kitchen table as they play Monopoly with their family. Although this game and its rules are distinctly limited in both time and space, playing this game dictates our decisions, actions, and emotions–the real world is forgotten while we remain at the table. The dishes in the sink need to be washed. The car needs to be filled with fuel. The snow on the driveway needs to be shoveled away. The bills need to be paid and envelopes mailed. All of these real-world concerns are dismissed as we ‘Pass “Go” and Collect $200,’ as we ‘Take a Ride on the Reading Railroad,’ as we build houses on Baltic Avenue, or clutch our hair as we land on Boardwalk replete with commercial development.
It does not matter however long we may play at Monopoly, nor does it matter how well we fare in the game; the real world still exists, and in the real world the car still needs to receive fuel, the snow must be cleared away, and bills must be paid.
Now imagine, if you can, the clever player who is not so absorbed by this game that he may yet still see the truth of the wider world, and in doing so properly recognize the limited value of his Monopoly money beyond the scope of this game. Imagine this player to be playing the game well enough that he is in a position of wealth–having acquired paper currency, property, little green plastic houses, and little red plastic hotels.
Now imagine that there were an extra space on the game board where players with awareness of the real world could exchange some of their game-wealth for wealth that endures in function beyond the scope of the game. It wouldn’t surprise you to see this special space on the gameboard being being rigorously used by the wisest of the participants (the parents) while the kids remain content to see their piles of one-sided currency grow and grow, and their lines of green plastic houses get ever longer. We would see the wise parent maintain only enough Monopoly money and Monopoly ‘investments’ to remain viable in the game so that they might continue to utilize that special space to accumulate and save enduring wealth for use in the real world.
The fact of the matter is, regardless of how competitive the game of Monopoly becomes, the necessities of real life will remain, and they won’t be satisfied by Monopoly money…even though you might (at this time) manage to bribe your son or daughter to shovel the snow for a crisp, one-sided, orange $500 Monopoly note.
So it is with playing the good game called American Life. Regardless of how blinded we become in the American competition to keep up with the Smiths and Joneses, the problems and necessities of the real world remain and will be resolved whether we choose to take notice or not. Just as our son or daughter will one day acquire the wisdom to refuse the one-sided $500 enticement to shovel the snow, so too will the lines become more distinct between what is fine within America, but increasingly unacceptable for international settlement.
Make a New Year’s resolution to have a greater world view. Be intelligent, light on your feet (adaptive), and aware of the distinction and growing separation between popular perception and universal reality. Prepare (through wise choice of assets) to live as well in the greater world, as you have lived within this thriving but distinctly American game. Eventually the kitchen table must be cleared away for the next meal, Monopoly money doesn’t play very well at the Main St. Bank, and it doesn’t play very well at the Bank for International Settlements, either [but gold sure does].
Gold. Get you some. Dress yourself for a good seat at any table in the world. —Aristotle