Harry Schultz, famous newsletter publisher, writer, analyst, freedom fighter and philosopher for decades, has given us one of the best definitions of the gold standard.
The Gold Standard is a Human Standard
Harry D. Schultz
GOLD vs. the PRICE of gold: I have written several times over the last 36 years and I want to restate this principle with force: I am pro-gold regardless of the price! I don’t fight for gold in order to make a profit on gold shares, bars or coins! Gold is important for far more important reasons and I would be embarrassed to promote gold only for monetary gain. Gold is the essential linchpin for our individual (not group or nation) freedom. Gold belongs to the monetary system as a governing factor. We belong back on the gold standard. I used to compromise and say a quasi-gold standard will probably do, a modified Bretton Woods version.
And that may be what will evolve, but in my view we should fight for a pure gold standard, the old-fashioned form, because it worked! And not just for fiscal reasons! It forced nations to limit their debt, spending and socialist schemes, which meant sound behavioural habits were formed around those limitations, and those habits rubbed off on everyone. People were more honest, moral, decent, kind, because the system was honest and moral. Cause and effect. Today we have cause and effect of the opposite standard: no limits on what governments can do, control, dictate; no limit on government debt, welfare or socialist schemes. There is no governor on the government.
This habit rubbed off on the public, causing them to go into debt, lose respect for the system and morality. The effect brings us more divorce, fraud, crime, illegitimate births, broken homes. When the money of any country loses its base/backing there is no standard for any behaviour. Money sets a standard that spreads into every area of human activity. No paper money backing, no morality. That is why gold coin money worked so well and why the U.S. moved into paper money very slowly, carefully, keeping the paper-$’s backed 100% by gold. But slowly, like slicing a sausage, that backing was removed in stages, ’til now there is none. The effect of this cause is all around us.
Violent films reflect violent society reflect no respect throughout society. Layer by layer, we are corrupted when money loses certainty. Today’s stock market bubble is part of the scene as will be tomorrow’s mega-crash and mega-recession. Big Brother was made possible through the absence of automatic controls and loss of individual freedom via non-convertible currency. So, pass the word. Fight for gold. Not for profits, though they are helpful and help us fight for individual freedom, but for a future that returns to sanity in various standards. If we have a gold standard we get a golden human standard! The two are intertwined. They are the ultimate cause and effect. Gold blesses.
Chevalier Harry D. Schultz
c/o International Harry Schultz Letter
PO Box 622, CH-1001, Lausanne, Switzerland