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To: Chickensoup

What is the DAILY BELL?


19 posted on 01/11/2014 8:15:25 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: GeronL; Chickensoup
What is the DAILY BELL?

A guy working for new world order's "fallback strategy" of gold-backed money.

The fallback strategy lures in people who are aware of new world order and very much want to end its grip on national governments via its central banking system, which usurps the power of governments to create their own money and thus forces governments to borrow from the banking system when government spending outstrips tax revenue.

The strategy lays out many factual details about new world order, which gives the fallback hucksters credibility with people who have some sense. If the huckster is openly speaking out AGAINST new world order - then one tends to believe that the huckster is not working for new world order.

But then the strategy has the "solution" presented by the huckster fall back to the old limit on governments creating money, that they must buy gold - that new world order controls the market for - to "back" it.

New world order thus promotes the myth that "fiat" money is somehow "bad", that if somehow money that says on its face that there is gold "backing" it, then people will have more "faith" in the money, and that government can not produce too much money so as to devalue it. Of course, "faith" in the money is dictated solely by its purchasing power; all that really matters is that it is accepted as payment. And the Spanish Empire inflation evidences the fact that governments can devalue money that is "backed" by gold or even made of gold.
29 posted on 01/12/2014 7:51:05 AM PST by PieterCasparzen (We have to fix things ourselves)
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