Ramanisblog

Tag: Gold Standard

  • Rupee And Exchange Rate

    Let’s take the Home analogy further to understand Exchange Rates.

    Gold Bars.
    Gold Bars.

    When you can not meet your expenses, you borrow, say, from your neighbor.

    Nothing will go wrong if he does not borrow like you.

    If he borrows from the next man, the cycle of borrowing goes on and extends through out your city.

    Here money you actually have has not increased.

    What happens is that you get money from some one who has spare(because his Wants are less than yours) and on a large-scale  the artificial money is high when compared to the produce available.

    So the city gets things from the next city or where the produce is available.

    The hitch is they are also running into the same confusion of artificial money there.

    This cycle goes on.

    This is exactly what is happening to the World Economy now.

    Another point to note is that when you buy from the others as a produce, it has to be valued.

    Barter system did not have this problem.

    You wanted something which you do not have ,another man has and has no need of it when you ask him.

    The question of Money and valuation does not arise.

    Thanks to Money Value system, some Value has to be fixed as Values of products vary.

    Some joker said God is the standard and fixed it as a medium of exchange.

    That is when you want  to pay others you pay a in a Currency the value of which is determined by the Gold your group, in this case, the Government holds.

    The fallacy here is that the price of Gold is not Fixed and it is variable, though currency is linked to Gold taking Gold Value as Fixed.

    To prevent the process of not having adequate Gold every Nation has to maintain a Gold Reserve.

    It is unsaid that if one country does not or can not pay the Gold it has, can be sold by the Debtor to realize his dues.

    Fun is that who will buy that and at what rate!

    This option has never been resorted to nor even talked about .

    Linked Exchange System.

    A system of managing a nation’s currency and exchange rate by linking the national currency to another base currency that is held at a fixed ratio in deposit at domestic banks.

    Once the exchange rate is set, there is typically no interference from the government or through monetary policy decisions that will affect the exchange rate. Currency is only issued when there are reserves in the linked currency to back it up. If the exchange rate begins to shift from the fixed ratio, currency is immediately added to or taken out of circulation to bring the ratio back into balance.

    This is different from simply pegging one currency to another; in a linked exchange rate system, currency can only be issued when confirmed reserves in the linked currency are held at local banking institutions. In Hong Kong, for example, this means that every Hong Kong dollar that is floating around in the economy is backed by several U.S. dollars held in reserve.

    The advantage of this system is that it stabilizes the currency and keeps inflation ultra low. On the downside, the nation using it can’t leverage advantages in trading with foreign partners, and can’t carry out monetary policy to adapt to shifts in the domestic economy.

    Now the cost of Excavation of Gold is shooting up,

    When the cost of the Fixed Gold is variable, how come the related exchange rate is expected to remain constant?

    The people are paid, at the Mine itself based on the value of Gold at a predetermined Price while the Gold  they extract is costlier.

    Can there be anything sillier than this?

    Underlying problems are these in Gold Standard.

    1.Gold Price is variable and not fixed, it is fixed in the minds of Politicians, economists.

    2.Demand goes up every year, from Governments and Public, leading to less Produce more demand.

    3.There is high speculative market in Gold, akin to Online trading where no physical transaction place;everything is notional and paper Transaction to ensure demand and hence Profits.

    4.Fundamental of any sound economic system is Savings.

    To ensure Global economic stability all Nations must ensure the habit of Savings backed by Manufacturing .

    The greatest culprit is the self-proclaimed and yes-men of the world, is the USA.

    `It has disproportionate demand to what it produces and gobbles up be it energy or electronics.

    people think it is because of its Economy.

    No it is because of its military might Nations imagine it it o be a Giant in Economy.

    If the US stops its Imports it is gone with no Gold Reserves.

    Now this brings the issue of Gold that is in Fort Knox.

    Gold as we have seen is the bedrock on which the Exchange System is Built up.

    What is in Fort Knox, US?

    An estimated $130 billion in gold was in Fort Knox.(2012)

    Is it?

    Reference;

     http://www.livescience.com/32328-how-much-gold-is-in-fort-knox.html      

    http://www.investopedia.com/terms/l/linked-exchangerate-system.asp

    Continues…

     

     

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  • The Fraud Called ‘Money’ Digital

    What is Digital Money and how is it linked to our daily Life?

    Why do prices go up?

    BIT Coins.
    BIT Coins.

    When Gold prices shoot up gas prices shoot up, commodity prices go up.

    When they come down the prices of commodities still go up.

     

    But in each case we are told that the price is due to each phenomenon and will go down when the trend shifts the other way.

    It doesn’t happen are left with twiddling thumbs.

    Reason a non sense called Keynesian economics, and Gold Standard.

    Please read my posts on these .

    Now the expose of this fraud called Money (Digital) is exposed by BBC.

    I am not commenting and you can draw your conclusions.

    Story:

    Born at the start of 2009 in the aftermath of the global financial crisis – courtesy of a mysterious and possibly non-existent Japanese programmer calling himself Satoshi Nakamoto – Bitcoins are a mathematical concoction, combining the attributes of a scarce commodity, like gold, with the frictionless trading of an electronic currency. They achieve this through the ingenious combination of three factors: “mining”, peer-to-peer networking and cryptography.

    The first of these is one of the central reasons for their appeal. Despite being wholly electronic, every Bitcoin in existence has been “mined” by someone running Nakamoto’s software, which regulates the global supply of Bitcoins by forcing computers to crunch increasingly difficult equations in order to generate each coin. Coins emerge at a pre-determined rate: as more people use the software, it gets harder and harder to create them, with the global supply decelerating geometrically towards a predetermined limit. At the time of writing, there were a total of 11,023,350 Bitcoins in the world (one of the joys of an open digital currency is the ease of accessing statistics), and there will never be more than 21 million.

    Like everything else about Bitcoins, these factors are hard-coded into its software – and it’s the peer-to-peer element of this software that makes the system so compelling. Almost every modern currency is guaranteed by the “fiat” of government regulation or laws. That is, their worth is based on faith in a central authority – and is undermined when faith declines in that authority…

    The recent surge of media-driven interest in Bitcoin has, however, shown every sign of becoming a speculative bubble. Come 10 April, the exchange value of Bitcoins plummeted by 60% from a brief high of $265 to around $150. These are numbers that belong more to a volatile commodity than to a currency, and that emphasise an uncomfortable paradox noted by Reuters finance blogger Felix Salmon at the start of April: “The commodity value of bitcoins is rooted in their currency value, but the more of a commodity they become, the less useful they are as a currency.”

    As a currency, then, failure is already in the air. Yet this does not mean that the Bitcoin effect can be ignored, not least because it can be divided into two halves. On the one hand, there’s the computerised mining of a commodity strictly limited to a certain number of units. On the other hand, there is a genuinely trans-national medium for payment that is free of almost all the friction of a traditional financial system – and that brings with it a promise of security more transparent and verifiable than any bank or government can match.

    Bitcoin’s software is entirely open source, and this means that its security algorithms have been subjected to just about the most rigorous testing and attempted cracking the world’s geeks can come up with. The consensus is: they’re extremely secure. Moreover, should the cryptography at some future point be found wanting, its flaws will almost certainly be identified and updated far faster than with any private system (a major software issue in March was resolved within six hours).

    http://www.bbc.com/future/story/20130412-bitcoin-and-the-illusion-of-money/2

     

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    There are a couple of things which defy Logic and common sense.

    For instance,

    The ever Increasing price of Gold.

    The Price of Petroleum Products.

    http://ramanisblog.in/2013/02/10/who-controls-the-worldeconomy-gold-petroleum/

  • Lawsuit filed against’ The Secret Government of The World’ in US-Illuminati?

    Seal of the United States District Court for t...
    Image via Wikipedia

    Interesting news.An objective study of the History,especially of the 19th and Twentieth Century makes one suspicious of certain World Events like the Assassination of Kennedy,Disintegration of USSR,Mysterious deals among the governments .

    Illuminati or some other  Group is definitely behind some of these as also corrupt monetary deals by people in power,

    How does one explain the fact that nearly all opinion makers including Presidents of US,Scientists like Newton belong to Illuminati or some esoteric Group?

    Why esoteric symbols relating to free Masonry are used in US Bills?

     

    A lawsuit was filed today (November 23rd US time) that could end the secret government that has ruled Western civilization for at least the past 300 years. The lawsuit claims that close to $1 trillion was stolen by, among others, UN Secretary General Ban Ki Moon and the UN, former Italian Prime Minister Silvio Berlusconi and the Italian government, Giancarlo Bruno and the Davos World Economic forum and others believed to include many of the owners of the US Federal Reserve Board. The lawsuit was filed in New York by Neil Keenan, acting as representative of the Dragon family, a reclusive group of wealthy Asian families. This filing is the result of extensive evidence gathering by international police and law-enforcement agencies including Interpol, the CIA, the Japanese Security Police, Eastern European secret services and has the backing of the Pentagon as well as the armed forces of Russia and China.

    The ultimate defendants in this legal action are believed to be the same cabal behind the assassination of US President John F. Kennedy and many other major international crimes.

    This particular lawsuit was triggered by the illegal detainment of two Japanese citizens,  Akihiko Yamaguchi and Mitsuyoshi Watanabe, as well as the seizure of $134.5 billion in bonds they were holding in Italy on June 3, 2009. After the bonds were stolen, self-described 33rd degree Freemason Leo Zagami contacted this writer and said the Montecarlo P2 masonic lodge could cash the bonds with the help of Vatican banker Daniel Dal Bosco. This writer forwarded the information, via a member of the UK Royal family, to the dragon family who entrusted a further $1 trillion worth of similar bonds to the plaintiff Neil Keenan. Keenan then, after much negotiation, entrusted the bonds to Dal Bosco.

    Dal Bosco subsequently absconded with the bonds and was followed 24-hours a day by various intelligence service agents to see what he would do with them. The Dal Bosco trail led to the Davos World forum, the UN, the Italian government and the Vatican, among other places. Following this, Keenan was approached by a who’s who of powerful figures including top Vatican officials, Wall Street bankers, European nobles and former US presidents, most offering him astronomical bribes to go away. He was also poisoned with ricin and nearly killed.

    According to Keenan “The roots of this case go back to between 1927 and 1938, when, under arrangements made between T.V. Soong (Finance Minister of China) and Henry Morgethau, Secretary of the Treasury, The United States Government purchased some 50 million ounces of silver and leased vast amounts of gold from the Nationalist Chinese Government, known as Kuomintang. For all the treasure handed in, certificates were given to those who surrendered their precious metals.”

    Many of the bonds seized by Dal Bosco are backed with the Chinese gold taken by the Federal Reserve Board during those years and never returned to its legal owners.

    Other bonds seized were Kennedy bonds. These bonds were backed by gold held in trust for the people of the planet and were supposed to be used to finance the economic development of the world. Instead they have mostly been stolen and misused by members of the cabal that has seized control of the Western financial system on behalf of private interests.

    The original signatory to the Kennedy bonds was former Indonesian President Soekarno. Soekarno’s heir Dr. Seno Edy Soekanto has given Keenan power of attorney to return their rightful owners the Kennedy bonds and other property allocated to the people of the world via something known as the global collateral accounts.

    The lawsuit is only the first salvo in a legal battle to restore control of the global financial system to the people and governments of the world as well as the rightful owners of historical assets that have been seized by members of the banking cartel.

    The lawsuit has been filed as Civil Action #8500 at the United States District Court for the Southern District of New York on November 23, 2011.

    ********

    Background information on the problems with the global financial system

    By Neil Keenan and Keith Scot.

    The entire cause of the problem.

    The United States is a private corporation owned by the British Crown (Rothchilds), the Bank of England (Rothchilds) and the Vatican (Rothchilds again). It was previously called the Virginia Company until 3/9/33 when it was dissolved by Roosevelt under the Emergency Banking Act. On 5/5/33 Congress elected to dissolve the Gold Standard and Sovereign Authority of the U.S. and all of its official capacities including government offices, departments and officers. The U.S. is a corporation, not a nation. The Federal Reserve is neither Federal, nor a Reserve. It is a private counterfeiting organization run by Jewish bankers who lend the money they print out of thin air at interest while we keep on paying these criminals to fleece the People.

    That technology of theft and deception that has been exported from the United States through their promotion of this fraud as the paradigm of global finance is an obscenity that has set the seeds of its own destruction.

    This has been compounded by the refusal of ordinary people to realize, know and understand that it is the duplicity of Governments and the deceit and endless greed of bankers that combined to simply fleece them like the apathetic sheep they are. Apathy and ignorance of the truth, creates belief in the lie. The truth is self-evident, but most people choose to neither hear it nor understand it. The debts of the Federal Reserve are the debts of a private corporation that is robbing the people of the United States.

    The United States Dollar is a Federal Reserve Note and the obligations against the currency are the obligations of the Federal Reserve, not the people of the United States.

    http://www.fourwinds10.net/siterun_data/government/judicial_and_courts/news.php?q=1322151001

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