Wednesday, September 9, 2009

Is Gold Money?

Is the world flat, still....?

At one point in time people did believe this (actually still do). They also believed that the sun revolved around the Earth.

They believed in the Easter Bunny, Santa Claus, the Tooth Fairy and every other preferred hobgoblin of the mind.

But to wonder if gold is money? Why that just stinks of conspiracy! George Bush would be ashamed! So would Captain Hook, "For shame, for shame!"

Apparently Alan Greenspan would also disagree as he was recently quoted as saying, "What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment,” Greenspan said....source.

In all actuality, the majority of folks who state that gold is not money simply have a great desire for it to be true, though they know it is not. For example, if I owned a bank and the Fed gave me a bunch of free "money", i.e., currency, a.k.a., Federal Reserve Note, I would not want people to think that gold was money. They might keep it at home and then I couldn't lend it out. Or take it home, as say, a bonus! Yeah baby!!!

If I were a professor of economics and had told students year after year that federal reserve notes were money and not gold and then gold ended up being money, boy would I look like an ASSSSSSS!!!!!

There are many other reasons why this would be happening but I shall spare you here and direct you to the GATA website where you can learn more about it than you ever cared to. GATA has exposed many of these players and their motives, which simply is to suppress the price of gold so people think that currency is money. As you look into this, keep one quote in mind.....

“Any rational person who continues to dispute the existence of the rig after exposure to the evidence is either in denial or is complicit”. Robert Landis, Harvard trained attorney.

So I guess it is true that there are people out there that believe that gold is not money. They would be called, "idiots".

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