Gold and Silver Money WILL Save OZ!
Bix Weir
Frank L. Baum's timeless tale of "The Wizard of OZ" is getting a lot of play time these days as the Monetary Allegory aspects of the story are undeniable. SGTreport.com recently interviewed Bill Still, the filmmaker and producer of "The Money Masters", and "The Secret of Oz". You can find the interview here: SGT's Bill Still Interview http://sgtreport.com/2011/07/debt-free-government-issued-money-sovereignty/ And here are the links to the movies: The Money Masters http://video.google.com/videoplay?docid=-515319560256183936# The Secret of OZ http://youtu.be/swkq2E8mswI Both of these movies are very well done and really bring to light the fraud and abuse associated with our current monetary system. After watching these movies what startles most people is that Mr. Still concludes that going back to a Gold Standard is NOT the right answer and that we should have a "valueless" currency controlled by our elected officials. WHAT??? He goes on to make the following statements in the interview and the movie for his reasoning why the Gold Standard is a poor choice:
1) We were on the Gold Standard during the Great Depression and that didn't do us a bit of good. 2) Gold is concentrated money which allows the rich to control the flow of money. 3) The "Rich Guy Club" will buy up all the gold and control everything again. 4) The US Government probably owns NO GOLD and has lied about the 8,100 tons they claim to have. 5) Money must be "valueless" and must not be backed by a commodity. 6) Valueless Roman and pre-revolutionary money worked well. 7) Every time you go to a Gold Only system you go into a deep depression because the money is removed from the system by the rich and powerful. 8) We must "find honest individuals" to control the supply of our new valueless currency such that there is no inflation.
First of all, I believe Mr. Still does an excellent job in spreading the truth about our corrupt monetary system and I like these movies... but I think his conclusion about the gold standard is DEAD WRONG. It's odd because he gets everything else SO RIGHT in these movies. So it's not that he doesn't see what's happening on the surface...it's that he has no idea what is going on behind the scenes. I will discuss each one of his points and provide my "Road to Roota" analysis after each point: 1) We were on the Gold Standard during the Great Depression and that didn't do us a bit of good. The cause of the Great Depression was not that we were on a real Gold Standard but rather the banksters were supplying massive amounts of credit to fuel the roaring twenties and then stopped the monetary flow after the crash. This was not a Gold Standard problem but rather an orchestrated manipulation by the banksters. Had we been on a true Gold Standard with NO FRACTIONAL RESERVE LENDING then there would have been no boom to precede the bust. Also, the US went off the Gold Standard in April 1933. The Great Depression began in 1930 and lasted over a decade. It is only when gold and silver coin is removed from the system that it fails as money (like the crime of 1873). 2) Gold is concentrated money which allows the rich to control the flow of money. That may have been true back when we were on a Gold Standard but we left the last remnants of a Gold Standard in 1971. The rich no longer have all the gold but rather hold their wealth in electronic blips on a computer. The key to this statement is that "concentration" is the problem...not the discipline of a Gold Standard. In the Road to Roota Theory there is a complete and total collapse of all electronic and monetary assets (and debt) and then a Gold Standard is implemented by allocating significant amounts of Gold to US Citizens based on what they've paid into the Social Security system. This SOLVES Still's concentration problem with a Gold Standard. The Road to Roota Theory http://www.roadtoroota.com/public/190.cfm 3) The "Rich Guy Club" will buy up all the gold and control everything again. As I stated in #2, the rich have very little gold. Once the global un-backed fiat monetary system melts down they will have no ability to buy physical gold and silver as their wealth will have been destroyed. If they want to trade valuable hard assets for gold I see no problem with that. The owner of the gold has free will and ability to trade his gold for whatever he wants. The idea that the rich can "buy up" all the gold under a true Gold Standard turns into a circular argument when Gold IS money. 4) The US Government probably owns NO GOLD and has lied about the 8,100 tons they claim to have. Here's where Mr. Still has not understood what's going on behind the scenes. To believe that 8,100 tons of official US gold is the correct number is where he gets lost. Yes, the Ft. Knox gold has most likely been lent, leased, swapped and turned into tungsten bars. But that is only the OFFICIALLY REPORTED NUMBERS! The US has more gold hidden away than 8,100 tons…MUCH, MUCH MORE! My current estimate is that the US secretly holds approximately 200,000 tons of above ground gold ready for distribution in coin form and much more than that in hidden gold mines within the United States. I discuss this in my article: Golden Secrets http://www.roadtoroota.com/public/181.cfm 5) Money must be "valueless" and must not be backed by a commodity. No. Money CANNOT be valueless because the moment people get that money in exchange for their goods and services they will immediately spend it on something of value. Money must be a store of value and history has shown that valueless money NEVER survives. It is always abandoned and the suckers who bought into valueless money have lost EVERYTHING. In the rubble of destroyed valueless money people have almost always turned to gold. 6) Valueless Roman and pre-revolutionary money worked well. Mr. Still loses me on his arguments that there have been valueless un-backed currencies that have worked. Come on Bill. Where are these currencies today?! What happened to those who BELIEVED in these currencies and had their life savings in them? THEY LOST IT ALL! The Romans were using brass coins and had to change to gold and silver to compete with the Greeks who were using gold and silver. This worked very well until they started "coin clipping" by diluting the gold and silver content in each successive coin. Colonial Script had a similar problem. Mr. Still claims the reason it failed is that England outlawed it but there is a counter argument that the ban only happened AFTER it was over printed in many states such that it became worthless. Here's an excellent article on Ben Franklin's paper money with both sides of the debate (read the "Important Caveat" section at the end for the other side of the story): How Ben Franklin Made the Colonies Prosperous http://21stcenturycicero.wordpress.com/fraud/how-benjamin-franklin-made-new-england-prosperous/ No matter what the reason...all these un-backed, valueless currencies failed miserably in the end. And what of gold and silver? They're still with us today, they still have great value and they are still regarded as the ULTIMATE forms of money. As they say..."What's in your wallet?" 7) Every time you go to a Gold Only system you go into a deep depression because the money is removed from the system by the rich and powerful. NO! It is not the Gold Standard that causes the boom and bust depressions. Yes, the banksters have controlled the money lending spigots but you should not throw out the baby with the bath water. It is the manipulation of the monetary flow by the banking power that causes the boom and bust depressions. A true Gold Standard should not be a leveraged system with fractional reserve banking. That is the problem. It is the MANIPULATION of money that causes the economic chaos and NOT the discipline of a true Gold Standard. Also, any monetary system that REQUIRES access to borrowing in order to function properly will never be sound. Just like managing your personal finances, sound economies should be able to function smoothly without debt. 8) We must "find honest individuals" to control the supply of our new valueless currency such that there is no inflation. He has just summed up the REASON why a monetary system has to be backed by a commodity. Scarcity and human nature. Gold is the BEST money because it has a defined scarcity and you can't create it from thin air. According to the mainstream sources gold is mined at about a 2% growth rate per year and the population is growing at a similar rate. There will always be fluctuations but not to the extent of valueless money that is controlled by humans. History has shown that human beings ARE NOT CAPABLE of the kind of self control required to manage an un-backed monetary system. It may start off with strict requirements but it always will stray from the path of prudence. If you give anyone...a bank, a person or an elected government, the power to print WEALTH from thin air they will do it until it destroys itself. In almost every instance where a true Gold Standard was tried and failed you will find the reason for Gold's failure was not that the Standard was flawed but rather that the true Gold Standard was diverted from or manipulated out of by those who had the power and desire to control the money. And each and every time the "New System" fails miserably and we return to a Gold Standard leaving non believers wailing at their misfortune of losing their life savings. Truthfully, there is no perfect money. Gold has it's flaws... BUT HISTORY PROVIDES ALL THE PROOF YOU NEED TO SEE THAT GOLD IS THE BEST FORM OF MONEY WE HAVE. The funny thing is that this "Gold As The Best Money" debate has been going on for centuries and all those who argued against gold have been proven wrong in the most profound way. The opposing side's choice has ALWAYS failed where as GOLD is still in the running as the World's Best Money...ESPECIALLY TODAY! Oh, one more thing. I released an article that analyzed the latest version of "The Wizard of OZ" a few years back. It's quite entertaining especially when you compare it to what's happening today! SPECIAL REPORT: The End of OZ http://www.roadtoroota.com/public/305.cfm PS - Although silver has served a similar function as money in the past (even more so) the NEXT move back to a Precious Metal as money may not turn to silver because... THERE IS NOT ENOUGH OF IT TO GO AROUND! May the Road you choose be the Right Road. Bix Weir www.RoadtoRoota.com
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