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Re: Interesting one on Gold backed currencies ... 

By: Zimbler0 in POPE IV | Recommend this post (3)
Sun, 18 Jun 17 4:46 AM | 174 view(s)
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Msg. 27107 of 47202
(This msg. is a reply to 27103 by monkeytrots)

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we discover that the unlawful attack on the nation of Libya a few years back, and the subsequent murder of Libyan leader Muammar Gadafi, was enacted entirely because he was in the process of creating a gold backed currency that would not only help grow African nations economically,
>>


Professor,
Khaddafi and Libya were never going to 'create' a gold
backed currency. The more corrupt a country is, the
less likely they are going to adopt a currency that
will hinder their corrupt ways.

And African countries rank pretty high among the more
corrupt countries on this planet.

Russia and or China would love to have their currencies
become the worlds 'reserve currency' . . . But I find
it highly unlikely for the same reason. Nobody really
trusts them to keep their currencies stable.

As bad as our government has been at inflating the
dollar . . . 'We' are still a lot better at not inflating
it as bad as most of the other countries have.
(Which is why the dollar is the reserve currency.)

I never did get 'Wealth of Nations' read . . . but I
do remember reading how most (if not all) the 'empires'
of Adam Smiths days and before had inflated their
currencies. Watering down the precious metal content
of their 'gold coins' . . . Shrinking the size of the
coins . . .

'Things to be considered' . . .
Yeah, but I find the concept of khaddafi and Africa
creating a gold backed currency to be a fruit loopy
idea.

Zim.




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The above is a reply to the following message:
Interesting one on Gold backed currencies ...
By: monkeytrots
in POPE IV
Sun, 18 Jun 17 2:20 AM
Msg. 27103 of 47202

Another hypothesis presented - some validity to the argument. How much ? You decide. Me - filing it in the 'things to be considered' category.

WARNING: Can not verify that the e-mail cited as supporting this article actually exists. Maybe someone else can find it.

--------------- EDIT - leaving all prev comments (end of post) in place
Finally found it - had to follow quite a few link-chains.

The SMOKING GUN E-MAIL: http://www.foreignpolicyjournal.com/wp-content/uploads/2016/01/110402-France-client-gold-State-Dept.pdf
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Of course the real reasons they use this propaganda is because a gold backed monetary system would be a hindrance to a government and central bank's ability to borrow capriciously and without through of any financial consequence.

http://www.thedailyeconomist.com/2017/06/hillary-clintons-emails-prove-that-us.html

One of the biggest reasons that the U.S. is so hell bent on framing Russia as a criminal on the world stage is not necessarily because of their intervening in Washington's agenda of bring about chaos to the Middle East, but instead because of its potential of destroying America's hold on the world's singular reserve currency.

And there are two ways in which they can achieve this. First it is by overtaking OPEC and putting an end to the long-standing Petrodollar system. And second would be through the creation of a gold backed Ruble, which would instantly turn the Russian currency into the most secure form of money on the planet.

Now many Western analysts have been pushing the narrative that a return to a gold backed monetary system would be impossible to achieve, since their faulty premise is based on the total amount of physical gold available to backstop the total amount of worldwide currency. Of course the real reasons they use this propaganda is because a gold backed monetary system would be a hindrance to a government and central bank's ability to borrow capriciously and without through of any financial consequence.

But the reality is that a gold backed monetary system works just fine if you allow the price of gold to float and not be fixed, and if done on a worldwide scale it would segregate out the nations who destroy their currencies through vast money printing and those who act in a responsible manner, using their money supplies as was intended to control and regulate costs.

With this in mind, and with the advent of Wikileaks disseminating thousands of emails found on former Secretary of State Hillary Clinton's servers, we discover that the unlawful attack on the nation of Libya a few years back, and the subsequent murder of Libyan leader Muammar Gadafi, was enacted entirely because he was in the process of creating an gold backed currency that would not only help grow African nations economically, but also help them to get out from under Western colonialism and the long-standing dominion the U.S. and Europe had over the Dark Continent.

One of the 3,000 Hillary Clinton emails released by the State Department on New Year’s Eve (where real news is sent to die quietly) has revealed evidence that NATO’s plot to overthrow Gaddafi was fueled by first their desire to quash the gold-backed African currency, and second the Libyan oil reserves.

The email in question was sent to Secretary of State Hillary Clinton by her unofficial adviser Sydney Blumenthal titled “France’s client and Qaddafi’s gold”.
From Foreign Policy Journal:

The email identifies French President Nicholas Sarkozy as leading the attack on Libya with five specific purposes in mind: to obtain Libyan oil, ensure French influence in the region, increase Sarkozy’s reputation domestically, assert French military power, and to prevent Gaddafi’s influence in what is considered “Francophone Africa.”

Most astounding is the lengthy section delineating the huge threat that Gaddafi’s gold and silver reserves, estimated at “143 tons of gold, and a similar amount in silver,” posed to the French franc (CFA) circulating as a prime African currency. - Global Research

So the next time you see the mainstream media pop out another propaganda piece on the evils of Russia or China, know that the economic sanctions imposed back in 2013 were not about Ukraine, or any other opposition to U.S. foreign policy, but completely about trying to stop their tearing down of the petrodollar system, and having the ability to use their nuclear option of one day backing their currency once again with gold.
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BTW: Overthrowing Quadadffi and now Assad, have never made sense to me- their 'removals' create/will create far more problems than they supposedly solve.

The HRC e-mail referenced: http://nypost.com/2016/01/01/3000-of-clintons-emails-were-released-on-new-years-eve/ - The SPECIFIC e-mail supposedly referenced above is NOT CITED. Soooo.... red flag on the play.

The supposed e-mail from Blumenthal - following links to links thru the article leads to:

http://www.foia.state.gov/searchapp/DOCUMENTS/HRCEmail_DecWebClearedMeta/31-C1/DOC_0C05782401/C05782401.pdf

This returns a "PAGE NOT FOUND" error on the FOAI web-site.

Hmm ... found elsewhere- says not one damn thing about gold.


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