Thursday, December 01, 2011 11:25:23 AM
All that matters is that gold is real and paper is not. The powers of government and bankers are arbitrary and do not supercede the laws of objective reality.
Of which gold is a living symbol, a living symbol of an objective standard of value in objective reality. Reality always wins, in the end.
Gold is the enemy of statists, central bankers, *most* intellectuals and nearly all modern (Keynesian) economists because they prefer unreality. Gold does not permit them to have their cake and eat it too, or in this case to print money out of thin air and call it wealth to support their deficit finance ponzi schemes.
A long time ago, before he converted to Keynesian shyster economics, Alan Greenspan wrote a wonderful essay about the necessity of a gold standard. The reality we face today, of which only a tiny minority are cognizent, is the failure of Keynesian economics, in both the USA and especially Europe.
Sooner or later, reality will catch up with the statists; it always does. Then, the predictions of astronomical moves in gold and gold miners are no longer the fantasy of backwoods gold bugs (as the statists never cease to assure us), but reality returning to claim its rightful place as the arbiter of man's existence.
Recent LBSR News
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