Sunday, May 15, 2011

Zimbabwe May Go On a Gold Standard; Disses U.S. Dollar

During a weekend that appears to have been designed by Salvador Dali on a Timothy Leary assisted LSD trip, Zimbabwe's central bank president,  Dr Gideon Gono, is calling for Zimbabwe to consider going on the gold standard.

Zimbabwe best known for their inflationary ways (their inflation rate reached 489 billion percent in September 2008) has possibly recognized that the former leader of the bankster world the arrested Dominique Strauss-Kahn is a bankster scam artist and that gold is the only real hard money.

“There is a need for us to begin thinking seriously and urgently about introducing a Gold-backed Zimbabwe currency which will not only be stable but internationally acceptable,” he said in an interview with state media, reports New Zimbabwe.

“We need to re-think our gold-mining strategy, our gold-liberalisation and marketing strategies as a country. The world needs to and will most certainly move to a gold standard and Zimbabwe must lead the way.”

Gono totally dissed the dollar:
Gono said the inflationary effects of United States’ deficit financing of its budget was likely to impact other countries to leading to a resistance of the green back as a base currency.

“The events of the 2008 Global Financial Crisis demand a new approach to self reliance and a stable mineral-backed currency and to me, Gold has proven over the years that it is a stable and most desired precious metal,” Gono said.
What can I say? Call it the Ron Paul impact. After a very bad Keynesian trip, Zimbabwe now recognizes the truth spoketh by Ron Paul.

(Thanks2VireshAmin)

4 comments:

  1. You wrote:

    "During a weekend that appears to have been designed by Salvador Dali on a Timothy Leary assisted LSD trip"

    Bob, you are a wordsmith! Great stuff.

    You also write:

    "Call it the Ron Paul impact. After a very bad Keynesian trip, Zimbabwe now recognizes the truth spoketh by Ron Paul."

    To which I respond:

    Why give another statist the credit? Non-statists have been preaching sound economic principles for many years. Let's talk about a full revolution in thinking versus a partial revolution.

    Nevertheless, I am grateful for Ron Paul's contribution to the spreading of libertarian ideas.

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  2. Gono is a terrorist (similar to Paul Krugman) so the gold standard the scumbag speaks of is just another lie to enrich him. Gono was the one who caused the inflation in the first place...Is he now trying to save his own life from the millions of people who want to kill him?

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  3. Welcome home, Mr. Gono!

    What took you so long, and why were Zimbabwe's people forced to go through what they did because of the folly of paper "money" in the first place?

    Hopefully, we in the USSA--United Socialist States of Amerika--can avoid the nightmare inflation which had just devastated Zimbabwe, and also rediscover honest and sound money! The U.S. greenback has already lost over 97% of its value since the founding of the Federal Reserve. I hope that Zimbabwe's frightful experiences tell us Americans something here!

    PEACE AND FREEDOM!!
    David K. Meller

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  4. "Let's talk about a full revolution in thinking versus a partial revolution."

    Right, let's talk about free competition in currencies, and not settle for a bogus government gold standard.

    ReplyDelete