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[ Notices posted during April to July 2009 - click links for associated articles, commentaries and hyperlinks to other websites ]
Imagine if you had not paid your way in the world since 1973. Well that is exactly the fate of New Zealand. To see a larger version of the above chart, that graphically illustrates the nation's road to debt enslavement: Click here [ Notices posted during March 2009 - click links for associated articles, commentaries and hyperlinks to other websites ]
At nzgold we think it is important to dispel the myth that the lowering of interest rates can somehow deliver a pain free solution to the ongoing credit crisis. Nowhere is this better demonstrated than in the savage debasement of the New Zealand dollar when it is measured against real money - gold. We urge our readers to be cautious, there may be a very high price to pay for the desperate attempts to 'cheapen our currency' in which the vast majority of ordinary Kiwis hold their wealth. (No link) [ Notices posted during September 2008 - click links for associated articles, commentaries and hyperlinks to other websites ]
'We are under no necessity to participate in the American nightmare of a Soviet monster barely held at bay in all quarters of the globe by an inconceivable nuclear armament and by political intervention everywhere from Poland to Cambodia. It is the Americans who need us in order to act out their crazy scenario'...'We simply do not need to go chasing up and down after the vagaries of the next ignoramus to become President of the United States'. Enoch Powell (1912 to 1998) was best known for his highly controversial views on immigration. Yet he was also one of the very few leading post-war British politicians who consistently opposed subservience - of his beloved United Kingdom - to the United Sates. At NZ Gold we would suggest that history is vindicating Powell, with Britain now involved in two major military campaigns in parts of the world where we long ceased to have any legitimate interest. Whether Britain ultimately also gets drawn into some form of conflict with Russia remains to be seen. We simply reflect that a major war on the European continent would provide Uncle Sam with 'cover' for a hyperinflationary repudiation of his debts - not to mention vast profits for his military complex. However, unlike Iraq, Russia can fight back and it still has the capacity to wreak devastation on the U.S. mainland. A taxing problem for the next president - how to 'ferment' financially and strategically beneficial trouble in Europe whilst remaining geographically isolated? No doubt the British establishment will render every assistance. Do forgive us if we are overly cynical (No link) [ Notices posted during June 2008 - click links for associated articles, commentaries and hyperlinks to other websites ]
"The depreciation of the currency hit the middle classes particularly hard: they lost most of their savings because all capital investments tied to the mark were wiped out. The magnates of finance and industry were however able to pay off their debts and successfully used the inflationary era to buy up other companies to form large concerns". {The Weimar Republic through the eyes of the press -Torsten Palmér & Hendrik Neubaur} Published by KÖNEMANN this book offers readers a fascinating pictorial insight into all aspects of Germany's Weimar Republic. (No link) [ Notices posted during April 2008 - click links for associated articles, commentaries and hyperlinks to other websites ]
"A century later, in 1971, to be exact, his earnings had risen to the equivalent of 49 ounces of gold per year - or about 23,000 pounds sterling at today's rate. (Readers who are good at math will already be asking questions. The average wage in Britain today is only 23,177. In terms of gold, wages have gone nowhere for the last 37 years"). {Bill Bonner of The Daily Reckoning} At nzgold we are frequent visitors to the Daily Reckoning website - a great resource for contrarian thinkers, gold-bugs, and those who are prepared to question the establishment's propaganda. To visit the site Click here
"The gold standard has one tremendous virtue: the quantity of money supply, under the gold standard, is independent of the policies of governments and political parties" {Ludwig von Mises} The Ludwig von Mises Institute is an interesting resource for those who believe in the principles of classical liberalism and sound money. To visit the institute's website Click here [ Notices posted during March 2008 - click links for associated articles/commentaries ]
"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all of the hidden forces of economic law on the side of destruction and does it in a manner which not one man in a million is able to diagnose". {A statement attributed to Vladimir Lenin by British economist John Maynard Keynes in 1919} (No link) [ Notices posted during January 2008 - click links for associated articles/commentaries ]
'Best wishes for 2008 from nzgold.org as gold exceeds its all time high'! Click here
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