Gold has the same role to play in the monetary system as the fly-wheel regulator does in an engine, the brake does in a train, and circuit-breakers do in an electrical network.

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artist:  A. Remkes-Gunter in Pocket Astrologer 2009

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9-25-2008   Gold has the same role to play in the monetary system as the fly-wheel regulator does in an engine, the brake does in a train, and circuit-breakers do in an electrical network. Gold is the regulator of the quantity of debt in the economy that can be safely created and carried. It is also safeguarding quality by rejecting toxic debt before it can start metastasis. Debt-based currency utterly lacks safeguards limiting quantity and vouching for quality of debt. Debt-based currency is an invitation to disaster, that of the toppling of the Tower of Babel. Its effects are far from being instantaneous. There is a threshold and there is a critical mass involved. We have long since crossed that threshold and passed that critical mass. By no rational calculus can the outstanding debt be expected to be repaid without inflationary or deflationary adventures, even if further increase were stopped dead in its track. The discussion of the present financial crisis by academia and media avoids all reference to this fact. Under the gold standard a fast-breeder of debt was unthinkable, and debt was retired in an orderly manner.

The significance of gold in the monetary system is not that it can stabilize prices, which is neither possible nor desirable. It is the fact that gold can stabilize interest rates . No debt-based currency can do it, because the value of the unit of account is left undefined and is subject to political manipulation by the pressure groups. The discussion of the present financial crisis by academia and media avoids reference to this fact as well. Under the gold standard interest and foreign exchange rates were so stable that there was no bond speculation ― for lack of volatility would make it unprofitable. There was no Debt Tower of Babel to threaten with burying the economy underneath. Under the gold standard there were no credit-default swaps. There was no need for them.

The gold standard has been called a “barbarous relic”. However, the unpleasant truth, one that government propagandists have ‘forgotten’ to consider, is that the gold standard is merely a tool for sound accounting and, yes, for sound moral principles. Bookkeeping under the regime of irredeemable currency is an exercise in prestidigitation. The gold standard is the only conceivable early warning system to indicate erosion of capital. It was not the gold standard per se that politicians and adventurers wanted to overthrow. Above all, they wanted to get rid of certain accounting and moral principles, especially those applicable to banking, that had become a fetter upon their ambition for aggrandizement and perpetuation of power. Historically, sound accounting and moral principles had been singled out for discard before the gold standard was given the coup de grâce . Just how monetization of debt has led to unprecedented and previously unthinkable corruption of accounting and moral standards, this is a question that has never been addressed by impartial scholarship before.

By Professor Antal E. Fekete,
Intermountain Institute for Science and Applied Mathematics

“GOLD STANDARD UNIVERSITY” – Antal E. Fekete aefekete@iisam.com

For further information please check www.professorfekete.com or inquire at GSUL@t-online.hu .

http://www.marketoracle.co.uk/Article6465.html

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If your power of vision and artistry is somewhat lacking, call to your holy Christ Self and to your God-Self to give you greater understanding as to how to construct by mental patterns these pictures of light that attract to you the radiant atoms of eternity and form the matrix and mold into which the energies of your words may be poured…(thus forming) a strong magnet, a thoughtform charged with intense feeling.  And this is used by the ascended masters in much the same manner that a radio receiver is used to receive a radio program from a distance.   -Kuthumi:  7-3-1962 via Messenger Mark Prophet, see http://books.google.com/books?id=zOLOfDMy10gC&pg=PA49&dq=clare+prophet+artistry&hl=en&sa=X&ei=aQhIVI_gJtDvigKfvYHQAg&ved=0CDEQ6AEwAw#v=onepage&q=clare%20prophet%20artistry&f=false

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