Crime Against Humanity: the Ambiguous Money Cycle – Gold Standard Cycle, 22

Anyway, back to the viewpoint of the ambiguous money cycle this time gone global, the midsummer 1971 announcement of the end of convertibility of Dollar in gold is a historical turning point also because it’s the moment almost all the world’s currencies have become fiat currencies. Until then other currencies were backed by dollar and dollar were backed by gold. Formally, at least; somewhat less in actuality, as we have seen, but let’s not split hairs. From then on the dollar, and therefore all the other currencies as well, were backed by exactly nothing. One giant leap for moneypulators, somewhat less for mankind.

Yep, because now that we have seen both the depth of the impact of the final collapse of an ambiguous money cycle dragging down the people with it, and how its breadth corresponds to the area permeated by that ambiguous money, it is time to estimate and then confront what is going to happen when this time that area and people are the whole world; when the flood is a Great Flood.

And in doing so we should not forget to include in the calculation that any damage should be double−counted, for the very good reason that any damage is there instead of the missing corresponding benefit: one for the damage, one for the benefit there could have been instead of the damage. The misery brought about via an ambiguous money plus, quite in addition, the loss of the prosperity a free, sound and honest money would provide.