As the world comes to realise that the IMF is headed by a rapist, and that the only alternative to the IMF is an International Gold Standard, here is some comforting news from Zimbabwe, where inflation crossed 400 billion percent some years ago: the news is that their central banker, Dr. Gideon Gono, has said the following to State media:
There is a need for us to begin thinking seriously and urgently about introducing a Gold-backed Zimbabwe currency which will not only be stable but internationally acceptable.
Dr. Gono added:
We need to re-think our gold-mining strategy, our gold-liberalisation and marketing strategies as a country. The world needs to and will most certainly move to a gold standard and Zimbabwe must lead the way.
Read all about it at EconomicPolicyJournal.com. The chief of the Zimbabwe Central Bank has also dismissed the US dollar as a stable base currency because of the excessive deficit financing the US Fed is engaged in.
The news also says that our chhota ustad montek might become IMF chief - so ask yourself: Do you trust gold? Or do you trust montek, the great socialist central planner?
While you mull over that, let us take a look at montek's boss - chacha manmohan s gandhi - whose speech the other day to the Afghan parliament is available here. It seems wee the sheeple are donating US$2 billion ($200 crores = 9,000 crore rupees) to Afghanistan in exchange for........ NOTHING!
It is easy to do such things with "funny money."
Note: All this funny money is going to the Afghan STATE: this is all a "government-to-government transfer." Clientelism.
We are spending our scarce resources building roads, providing electricity, gifting buses, building schools and hospitals - all this in Afghanistan, when much of our own nation is denied these.
What if we did what the Zimbabweans are talking about: the Gold Standard?
Well, then chacha would be unable to "produce money" out of a hat. His budget would be "limited" to what gold he receives in taxes. So if he wanted to give $2 billion worth of gold to Afghanistan, he would have to perforce look for something in exchange - like Afghani hashish and opium.
In which case, the gold would go to hashish and opium farmers and traders - and not to the US puppet, Karzai.
And wee the sheeple would have something good to smoke!
And montek would be studying Austrian Economics 101.
Get my drift?
Rapists are running the world. Rapists are in charge of the MONEY!
We must move to the Gold Standard - and Private Money.
Our Great Leader, chacha manmohan s gandhi said the following to Afghanistan's parliament:
Our ambitions and aspirations for growth and prosperity cannot be realised unless there is peace and tranquillity that will allow our people to live and work in honour and dignity.
There will be peace with trade - not with aid.
And "honour and dignity" is deserved by their hashish farmers, too.
End the US- and UN-sponsored "War on Drugs" - and only then will there be peace.
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