The Central Banks of the World – Russia, and China both perhaps excepted – are all members of an International Club of Central Banks. This Club is run according to the rules dictated by the BIS, the Bank for International Settlements, located in Basel, Switzerland.
Events that took place years ago resulted in the conversion of all currencies administered by the Banks under the sway of the BIS, into fiat currencies; that is to say, currencies that have no support or connection with the precious metals, silver or gold.
All things humans are subject to change, except human nature itself. The current financial institutions of the present have fallen into a condition that is at odds with human nature – they function with the exclusive use of fiat money. In the nature of things, the condition of the financial institutions of our time will doubtless be subject to radical change.
In the nature of things – rerum natura – when world disorder, i.e. War -undermines the sway of the BIS, some country or countries will necessarily revert to real money of gold or silver, once again, in order to maintain peace and economic co-operation among the elements of their populations.
In the coming world monetary disorder, the institution of national Central Banks will have become irrelevant.
The politicians who are Presidents or Dictators will have to step in, to provide real, tangible silver or gold money to their populations, paper or digital money has become irrelevant.
The measures that Presidents or Dictators will have to implement will have to be – again, in The Nature of Things – quite simple measures. (Nature abhors complexity).
The primary interest of all rulers has always been to have an assured income, and the only way to obtain an assured income will be through – taxation. Since paper or digital money will have become irrelevant, they will have to find ways to tax real money, of silver or gold.
Thus, their first interest will be to establish gold or silver as the money they are going to tax.
How will they go about establishing gold or silver as money? They do not really have to do anything at all, since gold and silver are money by their very nature.
All those future governments will have to do, will be to declare that taxes – the central, overriding interest of all governments – shall be paid in gold or silver coin.
Governments that wish to impose high taxes denominated in gold or silver, will find that their subject populations are quite lazy and do not prosper.
Governments that impose low taxes denominated in gold or silver, will find that their populations thrive and that peace and order prevail quite naturally.
By the very nature of things – rerum natura, once again – the future of our World will see gold and silver return as money.
The present in which we live will be seen, in the future, as a Dark Age.
Article by Hugo Salinas Price
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