Chapter 46 Chapter 5 The New Deal for Cheap Money

Lenin once said that the best way to overthrow the capitalist system is to devalue its currency.Through a continuous process of inflation, the government can secretly and unnoticed confiscate a portion of the citizens' wealth.In this way, the people can be deprived of their wealth at will, and in the process of impoverishing the majority, they can enrich a few.There is no other means of overthrowing the regime so covertly and reliably.This process has the potential to accumulate destructive factors in various economic laws, and it is unlikely that one person in a million can see the source of the problem.Cairns 1919

Introduction to this chapter Keynes called gold a relic of barbarism, and this popular comment has long been familiar to everyone in China.What was Keynes' motivation for demonizing gold?How did Keynes, who was once firmly opposed to inflation, become the sworn enemy of gold? When Greenspan was forty years old, he was still a staunch defender of the gold standard. After he became the chairman of the Federal Reserve, he began to care about the gold issue.Although until 2002, he still admitted that gold is the ultimate means of payment for all currencies, but he was a bystander to the conspiracy of Western central bankers to suppress the price of gold in the 1990s.

Why do international bankers and their ideologues hate gold so much?Why is Keynes's theory of cheap money so popular? In the five thousand years of human social practice, no matter what era, no country, no religion, no matter what race, gold is recognized by the world as the ultimate form of wealth.This deep-rooted consciousness cannot be resolved by Keynes and others saying that gold is a barbaric relic. The people's inevitable connection between gold and wealth has long been a natural logic in life.When the people are not optimistic about the government's policies and the economic situation, they can choose to exchange their banknotes for gold coins in order to wait for the bad situation to improve.The free exchange of paper currency for gold has actually become the cornerstone of the most basic economic freedom of the people. Only on this basis can any democracy and other forms of freedom have practical significance.When the government forcibly deprives the people of their inherent right to exchange paper money for gold, it fundamentally deprives the people of their most basic freedom.

International bankers know very well that gold is by no means an ordinary precious metal. In essence, gold is the only political metal that is highly sensitive and deeply burdened by historical heritage. Stormy.Under normal social conditions, the abolition of the gold standard will inevitably lead to serious social turmoil, or even violent revolution. Only in extremely special circumstances, the people will be forced to temporarily give up their natural rights when they are forced to do so. This is why Bankers need serious crises and recessions.Under the threat of crisis and recession, it is easiest for people to compromise, for unity to be broken, for public opinion to be misled, for society to be distracted, and for bankers to succeed in their schemes.Therefore, crises and recessions have been used repeatedly in history by bankers as the most effective weapons against governments and people.

The serious economic crisis since 1929 was led by international bankers to achieve the great cause of abolishing the gold standard, which is extremely difficult to achieve under normal conditions, thus paving the financial road leading to the Second World War.