Super Report von Antal Fakete.....Juno Moneta !....open the mint again before its too late.
Ps. Leider lassen die Freimaurer einen Politiker wie Ron Paul nicht ran.:(
http://www.321gold.com/editorials/fekete/fekete020608.html
...However, there is a ray of hope: international competition in the monetary arena. Neither the Chinese nor the Russian central bankers do at heart believe in constitutional money any more than their American colleagues. They certainly enjoy their unlimited power to issue the currency in unlimited quantities. Nevertheless, they are not stupid. Both the Russians and the Chinese want to put an end to American monetary hegemony whereby the U.S. government can obtain real goods and real services from all countries of the world in exchange for irredeemable (read: fictitious) promises to pay. They realize that the only road to defeating the American monopoly is the Yellow Brick Road. They have quietly embarked upon an ambitious program of remonetizing gold through the back door. They keep a low profile about it as it is in their interest to acquire as much gold as possible on the best terms possible.
No matter how you look at it, there is a Gold War going on in the world. The alignment of the antagonists is the same as it was in the Cold War. The name of the game is: who will end up with the largest pile of the precious yellow? Remember the adage: "He who has the gold makes the rules."
The competition of the superpowers to acquire gold will ultimately lead to an infinite escalation of its price. As unlimited amounts of rubles and yuans are printed to buy up the limited amount of gold that is available, the competitive devaluation of currencies will reach a frenzied stage in destroying the value of all currencies. Competitive devaluation is a destructive process. American, Russian, and Chinese central bankers will find that their hands are forced by events. After all the false fits and starts they will hit upon the winning strategy: the constructive process of opening their Mint to the unlimited coinage of gold. This is the only logical thing they can do, whether they like it or not, after the stage is reached whereby cartloads of paper currencies fail to fetch even one grain of gold.* Opening the Mint will be the only way to attract all the available gold and silver in the world to their shores, benefiting their prostrate banking system that will be quick to issue gold instruments acceptable in global trade.
The U.S. will be forced to do the same, but it is questionable that being a follower rather than the leader will save the American economy from further disintegration.
There is no reason why the U.S. government could not retain monetary leadership in the face of the Russian and Chinese challenge. All it has to do is to open the U.S. Mint to both gold and silver before they open theirs. To do this would take fine statesmanship such as presidential candidate Ron Paul is offering to the American people.
Unfortunately, a great deal of damage has been done mainly because the educational system has been corrupted in exiling monetary science and sound economics from the curriculum. Keynesian and Friedmanite economics rule supreme in academia. Adventurers at the Treasury and the Federal Reserve take full advantage of the prevailing ignorance. Bad-mouthing of gold in the financial press continues unabated.
If the U.S. government fails to act and misses this last opportunity to stabilize the dollar, then the American people will be exposed to excruciating economic pain. People of other lands will not fare much better. When their dollar-denominated assets go up in smoke, they will blame America. Anti-American feeling in the world will hit an all-time high. America will lose all her allies in the face of an increasing number of enemies. And, as famously stated by Alan Greenspan, America will be unable to procure war matériel for its military.
The only way to avoid catastrophe is to open the U.S. Mint to gold and silver while it is not too late, as advocated by presidential candidate Dr. Ron Paul.
* Note that I am not prophesying that cartloads of paper currencies will fail to fetch a loaf of bread. In fact it is perfectly feasible that the price of bread, along with other prices of consumer goods, will fall in the wake of deflation. The process herein described is not one of hyperinflation. It is one of competitive devaluation by the superpowers in order to corner gold.