news.goldseek.com / Darryl Robert Schoon / Thursday, 8 September 2016
If the thunder don’t get you, then the lightning will…
The Grateful Dead, The Wheel (lyrics)
In the world of phenomena, everything has a beginning and an end; and today, the bankers’ endgame is moving closer to its inevitable resolution and demise. The question is no longer if, it is when and how.
The relationship between paper money and gold is causal in central banking’s collapse. When paper money was backed by gold, it (1) gave the bankers’ paper money its value and (2) constrained the ability of governments to print limitless amounts of money, as governments needed money backed by gold to balance trade deficits, i.e. value for value.
The importance of this constraint, i.e. “golden-fetters”, became clear when escalating military spending caused the rapid loss of US gold reserves; and in 1971, the US withdrew the gold-backing of the US dollar and the US balance of trade permanently went negative.