Dan Hannan raised an interesting point last week; why doesn't Ireland adopt Sterling rather than the Euro? It would most likely be better for them than the Euro. Unfortunately, it would be politically unacceptable, for historical reasons, but it reminds me that the real problem is not the Euro or the Pound, but rather the global monetary system we have had since the destruction of the Gold Standard.
Back in the 19th Century until 1914 we had a world currency, gold, and it worked as well as any system could be expected to work, fostering international trade and prosperity. It was destroyed not because it didn't work, but because it did, enforcing discipline and honesty, and in 1914 the governments of Europe, particularly the British government, didn't want discipline and honesty, they wanted war, and not just a little war, the biggest war there'd ever been, and they didn't have the money to pay for it, and slaughtering the best part of a generation of men is quite expensive. So, what do you do when you don't have money but you need money? If you're a government, you steal it, and that's what they did, by destroying the Gold Standard, and we're still living with the consequences.
The choice we face today is the same as the choice the world faced in 1914: a world of peace, prosperity and freedom, or a world of war, totalitarian states and slavery. If we act like sheep, we will end like sheep.
Back in the 19th Century until 1914 we had a world currency, gold, and it worked as well as any system could be expected to work, fostering international trade and prosperity. It was destroyed not because it didn't work, but because it did, enforcing discipline and honesty, and in 1914 the governments of Europe, particularly the British government, didn't want discipline and honesty, they wanted war, and not just a little war, the biggest war there'd ever been, and they didn't have the money to pay for it, and slaughtering the best part of a generation of men is quite expensive. So, what do you do when you don't have money but you need money? If you're a government, you steal it, and that's what they did, by destroying the Gold Standard, and we're still living with the consequences.
The choice we face today is the same as the choice the world faced in 1914: a world of peace, prosperity and freedom, or a world of war, totalitarian states and slavery. If we act like sheep, we will end like sheep.
4 comments:
The sheeples are sheep.
They believe every bit of rubbish they are told and they trust the establishment .
It's only after the disaster they turn when it's too late.
World war III not so sure,population control by impoverishment ,that's the plan.
They look at the shadows on the cave wall.
As for world war versus control by impoverishment, the two can go together. A war may resemble the situation in 1984 - a constant state. We already have this with the 'war on terror', where all it takes is a staged event and they lock everything down. They have over the years put in place pretty much all the tools for a police state, and have been training us how to act. In America, this 'training' programme has gone a little awry, with the current outcry over TSA sexually assaulting passengers. Hopefully this will lead to a general rejection of the incremental introduction of a police state, with people remembering their dignity and their power.
Well - 'Eire' DID use the £ decades ago ! ...
At least, the then "Punt" was held at parity with Sterling, and the £ was commonly accepted in the South ...
In Eire and N.I. then, they used bank of England and the 'Punt' and all notes from the issuing N.I. & Scottish banks - plus, they accepted all coinage (Eire used the same sizes) including coins from the Channel Islands ...
Eire's biggest mistake was to "delink" from the £ - they should, as said have simply adopted it ...
CS,
my quick research tells me that the de-linking was the result of Ireland going into the European Monetary System in the late 1970s, with Britain staying out. It's hard to blame the Irish for making that decision when they did. They could hardly be expected to put much store in Perfidious Albion.
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