VIDEO: The Secret of Oz (Bill Still)
I very much appreciate much of what Mr. Still has exposed and his personal views on currency creation, but he is probably a bit too naive in thinking the current currency manipulators would not be able to 'eventually' manipulate a newly created valueless currency also... especially one created and controlled by 'the' government. His theory might work if the 'elected' men and women in government were incorruptible. They are, however, very much NOT so. Those holding the Gold now would be able to exchange their large quantities of Gold in order to obtain a powerful influence on any newly government-created non-gold-backed currency, because many people would use the new currency to buy Gold and vice versa. Both Gold and the newly created currency would effectively be able to purchase income-generating assets. Indeed, the money creation power should be taken away from the private banks and placed back in the hands of the government (i.e., the People), but the US Federal government should only create currency that is backed by silver and gold... something historically trusted by 'the People'. The People haven't and won't trust fiat over long periods of time, IMHO.
See Bix Weir's latest article titled: Gold and Silver Money WILL Save OZ!
Bob Chapman's answer to Bill's anti-Gold-backed-currency view:
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