It's ABC stuff
As gold takes on an added significance in the present day world, it’s good to look back over the history of it in this great country of ours. The discovery of gold predates Roman times but it’s was really only from that point on that we have a chronicled account of the problems the Romans faced, many of which are repeating themselves as flawlessly today as they did back then. So it’s good to reflect on the measures they used to combat raging inflation and all the crooked tricks the moneychangers got up to back in those days.
Of course this was well before banks, when the public were at the mercy of the money changers. Clipping was the most obvious scam, by collecting shavings from the face or edge of gold and silver coins, it was possible to accumulate enough to make another coin or ingot and so inflation was born and it’s been with us ever since.
It’s not so bad while there’s a bit of growth in economic activity but watch out when growth stalls and inflation falls. That’s what deflation is, a double whammy, a self generating downward spiral and that’s when the real show begins to rumble and the BoE takes on the role of another Helicopter Ben, scattering manna to the four winds, showering us with largesse, that we never had an inkling was available. Well it is now, but as they’re failing to make clear, when it’s all over and there’s calmer water ahead we have to pay it all back. for money created by bnaks is inthe form on interest bearing bonds.
It’s their fault we’re in this mess, have no doubt about that, so batten down your hatches in anticipation, dust off the pan and get prospectin’. There’s gold in them there hills in England, Scotland and Wales. in Derbyshire, Cornwall. and many other counties. So when they come knocking or as is more likely, dipping a hand in your backpocket via PAYE, VAT or National Insurance that isn’t, you’ll be prepared. You’ll have your own manna from heaven and it’s staring you in the face. Courtesy of the British Gold Panner’s Association. They’ll tell you how to go about it and it’s there for the taking.
You won’t need Helicopter Ben or the Prince of Darkness or Bob the Builder or the Financial Engineers Enron, Lehman Bros., or Goldman Sachs who created this mess. It’s been coming since 1717 When Sir Isaac Newton was Master of the Mint and the government of the day overruled him, by making the Guinea twenty one shillings. It opened the door for Fiat money and the printing presses and they’ve been piling on the agony ever since, because the schemes they dream up get ever wilder and they still dunner geddit.
So in conclusion we need to be reminded of a few words by Charles Lutwidge Dodgson aka ‘Lewis Carroll’ :-
”The rule is, jam tomorrow, and jam yesterday – but never jam today.” ”It must come sometimes to ‘jam today,’ “ objected Alice threough the Looking Glass. ”No it can’t ,” replied the Queen. “It’s jam every other day and to-day isn’t any other day, you know.”
Watch this space, I'll be back!
P.S.
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