Screw the Golden Years #2
According to Adano Ley (Swami Nitty-Gritty) …
“Gold is the failure to live up to your decisions.”
Perhaps that’s the origin of the color gold’s association with self-hatred.
Gold and feces are intimately related, and the Freudian anal stage (eighteen months to three years) offers the choice of being anal-retentive, anal-expulsive, or anal-transcendent.
Unfortunately, very few people are anal-transcendent.
The Gold Standard is the ultimate financial opposite of Standing On Your Own Two Feet.
Simon van Zuylen-Wood (“Feces and the Gold Standard: A Psychological Explanation of Goldbuggery,” New Republic, Aug. 27, 2012) wrote …
“The stingy, hoarding, contractionary impulse that we all subconsciously associate with gold finds perhaps its perfect expression in the ideological demands to revert to the gold standard: It is what is driving the fear that the dollar will lose its value unless the government is barred from giving away too much of it. Or as Dr. Judith Schweiger Levy, a Westchester County analyst who studies money, puts it, the gold standard establishes a ‘sense of control and mastery of this very, very valued object, in effect, that can’t necessarily be flushed away by virtue of inflation.'”
All the gold ever mined throughout history could fit in a cube about 68 feet on each side, according to Thomson Reuters GFMS.
Other estimates vary from “marginally less” (like Warren Buffett’s estimate of 67 feet on each side) to sixteen times more. making a cube about 166 feet on each side.
Compare this to the world’s tallest pine, measuring 268.3 feet.
Mary E. Hobart (The Secret of the Rothschilds, 1898) wrote …
“If all the governments of the world should assume the ownership of all the gold and silver and also all the mines now known to exist and give to gold and silver money exclusively the legal tender quality there would not be a sufficient quantity to do the business of the world on a cash basis, and debts arising from doing business on credit would increase the same as the debts which arise from interest and would be unpayable only through foreclosure. Therefore we must conclude that both gold and silver are unscientific material on which to place the money stamp. Our problem rests not only with the material from which money is made, but also with methods of circulation and the liquidation of debt. All debts must be made possible of payment by an adequate circulation scientifically disbursed.”