Gold Standard // Current TV

How Fiat Currency Leads To ‘Collective Corruption’

From the YouTube description: Episode 84: Andy Duncan talks to “Austrian”... more

Radical_Centrist
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4 months ago
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Gold standard: Could it return in the US?

For many years, calling for "a return to the gold standard" in the United... more

Vierotchka
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9 months ago
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Peter Schiff on the gold standard CNBC 8/24/12

Peter Schiff on a return to the gold standard CNBC 8/24/12 http://youtu.be/QHn21A5eDmw

Radical_Centrist
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9 months ago
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Ron Paul is worth up to $5.2 million

Ron Paul puts his money where his mouth is. The Federal Election Commission today... more

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12 months ago
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Religious Right: Christians Have Been too Nice, Need to Stop Compromising (VIDEO)

Let’s summarize: war on women, war on gays, war on contraception, attacks on the... more

StewSteve
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1 year ago
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What Now?

Over the past several months, we have seen rioting in some Arab and European... more

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The Federal Reserve as an Instrument of War

While much has been written about how the Federal Reserve benefits certain private... more

Murcott
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2 years ago
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The Federal Reserve Scam Through History

It's not a perfect documentary but it has a rich historical perspective that is... more

pewestlake
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2 years ago
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Utah Considers Making Gold And Silver Legal Tender

Utah's state house took a step toward allowing gold and silver to be accepted as... more

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2 years ago
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China Embraces the Gold Standard

In one of the most ironic and revealing moves in the unfolding of relations between the United States and China, China has announced that it is seeking a shift to the gold standard. According to the World Gold Council, the market development organization for the gold industry, China’s appetite for gold has been rapidly expanding: It consumed 175.2 tons of gold in the fourth quarter of 2010, bringing its grand total for the year to 579.5 tons, or 18.5 million ounces. By comparison, the United States consumed a mere 233.3 tons of gold in 2010. While it is unknown how much of China’s gold acquisitions were made by private citizens, industry, or central banks, speculations remain as to what the country's true intentions are regarding its continued massive purchase and use of the gold.
The financial news source The Street reports that many in the gold community theorize that China wants its yuan to become the world's reserve currency, and is buying gold and silver in order to accomplish that goal:

A Chinese gold standard?

The idea is staggering and not to mention fraught with difficulties. China's central bank currently holds 1,054 tons of gold, about 1.8% of its total reserves.

China currently holds $2.85 trillion in foreign reserves. This means the country would need to buy roughly 66,000 tons of gold to fully back its currency. Even if the country upped the ante to just 3%, the country would need to buy 1,000 tons.

China has also been telling its citizens to buy gold, promoting different gold funds, giving investors access to overseas products and launching a global gold contract based in yuan by Chinese Gold & Silver Exchange. The ICBC and World Gold Council recently teamed up for the creation of the Only Gold Gift Bar in China, where a customer can buy gold as a gift complete with engraving and can sell it back to the ICBC for cash.

China’s gambit for global dominance, therefore, rests upon the notion that it must impose economic policies that will boost its power, prosperity, and economic strength. While staying true to the theoretical foundations and assumptions of the communist state, including its commitment to the principles of Marxism-Leninism and Maoism, China realizes that in order for the communist state to be strengthened and prevail victorious, it must incorporate some classical principles and economic concepts associated with capitalism.

Karl Marx believed that all states progressed through a series of several economic stages, culminating in a communist state. Observing economic history in his native Germany, Marx believed that states proceeded from capitalism to socialism, and then culminated in outright communism. Since China never before had a Western-style communist economy, it is now embracing capitalism — not in its true laissez-faire, free-market form, but within the context of centrally-planned state capitalism. After the death of Mao Zedong in 1976, under Deng Jiaoping China began embracing elements of state capitalism, and in 2002, its pantheon of communist theory expanded to include Jiang Zemin’s Theory of Three Represents, which includes an emphasis on economic production, and “represents advanced social productive forces.”

China’s turn toward hard currency in the form of the gold standard is the latest development in its pursuit of wealth and power through state capitalism. This trend has rightly raised the concern of those who fear a dominant Red China, as reported in the Wall Street Journal:...

...Russia has also moved toward adopting the gold standard, as previously reported by The Telegraph:

Continued at:

http://www.thenewamerican.com/index.php/world-mainmenu-26/asia-mainmenu-33/6413-communist-china-embraces-the-gold-standardIn one of the most ironic and revealing moves in the unfolding of relations between... more

Dagum
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2 years ago
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WATCH: Ron Paul Takes On Stephen Colbert In Debate Over Gold Standard

Ron Paul may be the only politician left willing to appear on Stephen Colbert. A kudos... more

Radical_Centrist
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2 years ago
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Ron Paul: Paper Money Breeds Inflation and Destroys the Currency’s Value

On Tuesday, Congressman Paul discussed coinage and asked questions of the director of... more

im1mjrpain
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2 years ago
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‘Gold Standard’ Studies Show That Inhaled Marijuana Is Medically Safe and Effective « SpeakEasy

The results of a series of randomized, placebo-controlled clinical trials assessing the efficacy of inhaled marijuana consistently show that cannabis holds therapeutic value comparable to conventional medications, according to the findings of a 24-page report issued earlier today to the California state legislature by the California Center for Medicinal Cannabis Research (CMCR).

Four of the five placebo-controlled trials demonstrated that marijuana significantly alleviated neuropathy, a difficult to treat type of pain resulting from nerve damage.

“There is good evidence now that cannabinoids (the active compounds in the marijuana plant) may be either an adjunct or a first-line treatment for … neuropathy,” said Dr. Igor Grant, Director of the CMCR, at a news conference at the state Capitol. He added that the efficacy of smoked marijuana was “very consistent,” and that its pain-relieving effects were “comparable to the better existing treatments” presently available by prescription.

A fifth study showed that smoked cannabis reduced the spasticity associated with multiple sclerosis. A separate study conducted by the CMCR established that the vaporization of cannabis – a process that heats the substance to a temperature where active cannabinoid vapors form, but below the point of combustion – is a “safe and effective” delivery mode for patients who desire the rapid onset of action associated with inhalation while avoiding the respiratory risks of smoking.

Two additional clinical trials remain ongoing.

The CMCR program was founded in 2000 following an $8.7 million appropriation from the California state legislature. The studies are some of the first placebo-controlled clinical trials to assess the safety and efficacy of inhaled cannabis as a medicine to take place in over two decades.

Placebo-controlled clinical crossover trials are considered to be the ‘gold standard’ method for assessing the efficacy of drugs under the US FDA-approval process.

“These scientists created an unparalleled program of systematic research, focused on science-based answers rather than political or social beliefs,” said former California Senator John Vasconcellos, who sponsored the legislation in 1999 to launch the CMCR. Vasconcellos called the studies’ design “state of art,” and suggested that the CMCR’s findings “ought to settle the issue” of whether or not medical marijuana is a safe and effective medical treatment for patients.

“This (report) confirms all of the anecdotal evidence – how lives have been saved and pain has been eased,” said California Democrat Senator Mark Leno at the press conference. “Now we have the science to prove it.”

Full text of the CMCR’s report to the California legislature is available at online at: http://www.cmcr.ucsd.edu/CMCR_REPORT_FEB17.pdf.The results of a series of randomized, placebo-controlled clinical trials assessing... more

Monkey_Films
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3 years ago
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Ron Paul with Judge Napolitano

Ron Paul and Judge Napolitano discuss the economy, civil liberties, and the... more

Libertas
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4 years ago
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Ron Paul Discusses the Gold Standard

Ron Paul gives the history of the gold standard, the problems in reintroducing it, its... more

Libertas
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4 years ago
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9 comments

Where does money come from?

What? You're telling me it's all imaginary!!! Well, it turns out our new... more

AlexanderEmanuel
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4 years ago
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20 comments

What would a return to the gold standard mean for you?

In this article, the pros and cons, as well as the likelihood and feasibility, of... more

sunnyspeaks
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4 years ago
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7 comments

Thousands rally at Ron Paul Convention - CNN.com

The one candidate who offered real change, discussed real issues, and gave real... more

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