KB Gold
The history of currency indicates that the greatest danger to the value of money is the State.
This danger is particularly evident in state controlled paper money systems, in which money can be printed in arbitrary amounts and placed into circulation at any given time.
In 1971 the ability to exchange currency into gold was removed by government decree and ever since then, money has been printed by central banks unsupported by any means except by that of credit.
There have been no reserves to support the amount of money in circulation. Paper money which is printed and distributed in this manner is prone to inflation and may result in one economic or financial crisis after the other. Attempts to soften such economic downturns by means of unsubstantiated credit have visibly resulted in the worsening of the situation.
As levels of debt from the private sector and States continue to grow, this creates a situation of debt overload, whereby the printing of excessive paper money is considered the lesser of two evils. Ultimately, this will lead to hyperinflation.
On some occasion, the public perceives such economic crises bolstered by government assisted funds as failure of the free market system. Implementations of economic restraints coupled with restrictions to civil liberties are seen to be the solutions. This is a misguided path.
It has become evident that the return to 'good money' is in order: the production of money which is in accordance to market forces. Money that is supported and supplied according to demand in a free enterprise system.
Friedrich August von Hayek (1899-1992) has proven that the 'competition of currencies' will create money of a quality unmatched by the State.
In a market based money system, paper money should not be absolute and the public should be allowed to choose what forms of exchange they wish to use. Precious metals such as gold and silver are the best means for assuming this function since availability of these metals are determined by supply. If the market was permitted to flow naturally, a freely chosen gold standard would re-emerge.
What is required for such a system to work is constitutional recognition of the freedom and rights or every individual. The State does not seem to have given this much consideration.
If central banks were restricted, arbitrary manipulations of money and interest rates resulting in substantial macro-economic damage would come to an end. In a market based money system, fluctuations of the economic cycle are much smaller because the system counteracts failed investments. With The State's ability to intervene reduced the restrictions of freedom and prosperity which contribute to the creation of monetary planned economies will be defused.
Gold in small denominations is the first step in the right direction.
By offering an alternative to paper currency, freedom of choice is restored back into a system.
Our vision is to reach the masses and establish ourselves on the worldwide markets - the road to freedom, independence, and prosperity for allm
This danger is particularly evident in state controlled paper money systems, in which money can be printed in arbitrary amounts and placed into circulation at any given time.
In 1971 the ability to exchange currency into gold was removed by government decree and ever since then, money has been printed by central banks unsupported by any means except by that of credit.
There have been no reserves to support the amount of money in circulation. Paper money which is printed and distributed in this manner is prone to inflation and may result in one economic or financial crisis after the other. Attempts to soften such economic downturns by means of unsubstantiated credit have visibly resulted in the worsening of the situation.
As levels of debt from the private sector and States continue to grow, this creates a situation of debt overload, whereby the printing of excessive paper money is considered the lesser of two evils. Ultimately, this will lead to hyperinflation.
On some occasion, the public perceives such economic crises bolstered by government assisted funds as failure of the free market system. Implementations of economic restraints coupled with restrictions to civil liberties are seen to be the solutions. This is a misguided path.
It has become evident that the return to 'good money' is in order: the production of money which is in accordance to market forces. Money that is supported and supplied according to demand in a free enterprise system.
Friedrich August von Hayek (1899-1992) has proven that the 'competition of currencies' will create money of a quality unmatched by the State.
In a market based money system, paper money should not be absolute and the public should be allowed to choose what forms of exchange they wish to use. Precious metals such as gold and silver are the best means for assuming this function since availability of these metals are determined by supply. If the market was permitted to flow naturally, a freely chosen gold standard would re-emerge.
What is required for such a system to work is constitutional recognition of the freedom and rights or every individual. The State does not seem to have given this much consideration.
If central banks were restricted, arbitrary manipulations of money and interest rates resulting in substantial macro-economic damage would come to an end. In a market based money system, fluctuations of the economic cycle are much smaller because the system counteracts failed investments. With The State's ability to intervene reduced the restrictions of freedom and prosperity which contribute to the creation of monetary planned economies will be defused.
Gold in small denominations is the first step in the right direction.
By offering an alternative to paper currency, freedom of choice is restored back into a system.
Our vision is to reach the masses and establish ourselves on the worldwide markets - the road to freedom, independence, and prosperity for allm
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