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Contact:
Foundation for Economic Growth,
P.O. Box 10-282,
Wellington, N.Z.
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The Foundation for Economic Growth is a group of like-minded individuals who have decided to act rather than accept New Zealand's continuing poor economic performance. The Foundation is not affiliated with any political party. Add Your Comments Here.

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Most recent update: Jul 3rd, 2017 - 15:54:31

REAL Economics : REAL Money
The World Money Problem

Money is now a big problem. We discussed in the Land of Nowhere how money was a store of value which people could use to buy something in the future. We pointed out that gold and silver were useful in this purpose and that they have been used as money since civilisation began.

Unfortunately, from time to time, people forget the basics of money and we are lulled into a belief that we don't need to use gold or silver and that governments and Central Bankers can provide our money in the form of government notes and coins with no intrinsic value.

Every time that this has happened over the ages it has caused major problems. This is because it is so tempting to print money and buy our way out of problems that our governments succumb and the Bankers create more and more money.

Here, Glenn Beck illustrates this inconvenient truth!

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Oct 26, 2010, 15:22

REAL Economics : REAL Money
Money, Banking and the Federal Reserve

The Central Bank of New Zealand is owned by the New Zealand government. The Federal Bank of America is a private bank not owned by the American government. This does not mean we do not have a problem with fiat currency - we do. But America has more of a problem and because they are the reserve currency for the world the whole world has a problem.

We need to understand this problem so we will know what to do to protect ourselves and our families from the ill effects that will arise when the reserve currency of the world gets out of control.

Glenn Beck in the previous article showed the extent of the recent inflation of money supply. Ben Bernanke is currently proposing to add another trillion dollars to the pile. The reason given is that Keynes' theory suggests that the only solution for the current indebted situation in the USA is to borrow more debt money and push it out into the banking system.

Britain and Europe are attempting to resist the siren call of easy money and the easy way out. It will be very instructive to see what transpires over the next few years.

The Mises Institute movie attached here is a serious look at the problem of fiat currencies - money inflation. If we understand this we will understand how to fix the problem. As a small clue I will say that the problem of excess debt money is not solved by printing more debt money - or adding it into the back of a computer which is the same thing.

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Oct 25, 2010, 20:28

REAL Economics : REAL Money
Nazi Counterfeiters

We all know that Britain indulged in a "little" quantitative easing otherwise known as printing paper money when their banks ran short and we all know of Ben Bernanke's conviction that the way to solve America's debt problem is to print money.

In fact he is on record as saying that if things really get tight then he is prepared to load up helicopters with $100 bills and distribute them around the country to solve the problem of people not spending enough.

You may be interested to learn that during the Second World War Nazi Germany decided to print up British pound notes and American dollars and drop this "free" money from aeroplanes to destroy the British and American economies.

Hmmmm.

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Oct 24, 2010, 13:24

REAL Economics : REAL Money
The Creature From Jekyll Island

Edward Griffin has recently written a book on the subject of the Federal Reserve Bank and here he tells us the full story behind the biggest ponzi scheme in the history of mankind.

Now you will know why you didn't really seem to understand what Central Bankers were saying and doing. But the truth is coming out. Soon everyone will know what is happening. What happens then?

This is the REAL story that we are living right now. We will find out as we examine this question in further detail.

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Oct 24, 2010, 03:00

REAL Economics : REAL Money
The Monetary Breakdown of the West

It is very important to know that the world has been arguing for a very long time about money. What to use and how to use it.

This article is a very clear history of events over the last two centuries which show clearly how we lost our gold standard and ended up with paper money. The events are not in dispute although there is still argument about the need to tie ourselves back to REAL Money - Gold.

Neither does the article discuss what is the driving force behind the shift to paper currency instead of gold. To determine what happened and why we shall play detective and, "follow the money". Greed and the desire to get something for nothing will show up as the driving force - and maybe something much more sinister.

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Oct 23, 2010, 13:08

REAL Economics : REAL Money
The Gold Standard Institute

As concern rises about the amount of paper money being printed by the nations of the world, especially America, the response is to get back to gold and silver as standards for value in money. Preferably using gold and silver coins by weight and allowing the market to assign values to each.

This website has been established to promote this point of view and their first newsletter is well worth reading.

There is no doubt that the world is at the financial cross-roads. We can move towards stable money and help the poor and middle classes to grow their wealth or we can stay with paper money and see world domination by the old family banking elites of Europe and America. Of course the system will collapse and cause great harm to the citizens of all countries so it is very much in our own personal interest to strive for "honest money" - gold and silver.

This website helps to show what has been done and what might be possible to help us make a painless transfer. Watching the American dollar continue to lose value at its present rate is very harmful to world trade and individual happiness.

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Oct 20, 2010, 16:25

REAL Economics : REAL Money
Greenspan on Gold (1966)

In 1966 Alan Greenspan wrote the definitive treatise on Gold as Money. Not a word is wasted but we get a complete explanation of why it is necessary for us to get back onto a gold standard. If we cannot manage this then the combination of government welfare statists and the wealthy bankers of the world will continue to take us on the downward slide of paper money.

Predicting the future is not easy. In fact it is impossible due to the basic randomness of the building blocks of the Universe but we can see that some things are more likely than others. The very wealthy bankers of the world who get their great wealth from control of the paper money system and the leading politicians of the major countries of the world who enjoy great power and privilege are not going to allow anyone to change the current system. Whether we subscribe to a conspiracy theory (such as the Bilderberg group) or to the machinations of a power elite as The Daily Bell describes, or whether we just consider that people who have wealth and political power are just going to do what they can to preserve the status quo we can see that the result is the same: Maintain the existing political and paper money system at all costs.

The next few years and decades look to be very interesting indeed. If we can get a proper understanding and perspective of all the forces and the players on the world scene then we will get a better idea of which scenarios are more likely. By the time you have read the information in REAL Economics you will be in a position to make your own assessment.

As Greenspan says, "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value… Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."

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Oct 19, 2010, 12:14

REAL Economics : REAL Money
Chris Powell: And was Jerusalem Builded Here?

Chris Powell who is the Secretary/Treasurer of the Gold Anti-Trust Action (GATA) Committee Inc. gives a speech to The Cheviot Asset Management Sound Money Conference of The Guildhall, London in which he outlines the current known facts about the manipulation of gold pricing by the Central Banks of Europe the UK and America.

This speech summarises the situation as at the end of January 2011.

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Oct 17, 2010, 18:42

REAL Economics : REAL Money
From Global Depression to Global Governance

The role of the corporate elites' secretive global think tanks.

The world money system is morphing into a single paper money system controlled by the IMF and the Bank for International Settlements. This will be very good for the major bankers of the West.

Will China go along with this or will they work even harder to build up a gold based system within China?

Interestingly all the peoples of the world will be able to participate in this debate via the internet. This is the first time that the common person has a chance to effect their own future. Owning gold and silver and working in a gold based national economy is your only chance of freedom from a life of crippling debt.

This is the battle for freedom from serfdom.

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Oct 5, 2010, 15:32

REAL Economics : REAL Money
Silver Money for China

Some people are already working on the problem of reverting to REAL Money. You will find this guy interesting.

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Oct 3, 2010, 15:37

REAL Economics : REAL Money
Silver Money for Britain and Mexico

Hugo price is a very wealthy man from Mexico who has been working on the problem of providing REAL money for the world economies for many years.

He describes his latest ideas for introducing silver as money into Britain and into Mexico. This could then lead to the introduction of silver money to the world.

As the Americans and the Europeans print more money they are approaching the point of no return where they end up in a desperate gamble of printing money to pay off debt and starting the spiral into hyper-inflation.

As Ludwig von Mises said, "Inflation can be pursued only so long as the public still does not believe it will continue. Once the people generally realize that the inflation will be continued on and on and that the value of the monetary unit will decline more and more, then the fate of the money is sealed. Only the belief, that the inflation will come to a stop, maintains the value of the notes."

And further, "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

Hopefully New Zealand is adopting the policy of abandoning credit expansion but it seems clear that America, Britain and Europe are adopting "Quantitative Easing" which is to say "Credit Expansion" or "Printing Paper Money".

The results will be devastating for all involved and people will be looking for money they can trust. History shows us that gold and silver have worked for 6000 years, while paper money has always inflated to zero value.

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Oct 2, 2010, 19:01

REAL Economics : REAL Money
Zeitgeist - The Movie: Federal Reserve (Part 1 of 5)

Here is a rather dark look at money as it currently is around the world. Once again the USA is used as an example of how Central Banking soon distorts an economy. What is most important for us is that the US dollar is supposed to be the anchor for the world. But no fiat currency can be relied upon to hold its value. Governments all around the world have always printed more than they should and by inflating the number of dollars they reduce the value of each. We are currently involved in a "race to the bottom" as each country seeks to gain export advantage by inflation. They say they have agreed to not do this at the recent G20 meeting of Central Bankers and government officials. They will not be able to resist the temptation - they never have in the past.

This movie moves on to describe a possible future where a world government manages to get control of the money and acts as Central Banker for all. Can you imagine how this would turn out?

I can't really see the Chinese agreeing to be beholden to the powers of Western banking. The Chinese seem to understand this problem and are working hard to build up their gold reserves and to encourage their citizens to save gold and silver.

How ironic if the Chinese saves Western civilization from the doom of paper money!

Hopefully a proper gold standard will win out in the end and then the American government will find it really difficult to continue with its endless wars around the globe.

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Oct 1, 2010, 14:48

REAL Economics : REAL Money
Chinese Puzzles

In this very perceptive article Alasdair Macleod outlines the Chinese perspective as far as we can tell. He does confuse and blame capitalism with the current paper money Central Banking system imposed on the world by America last century. But that aside he gives us a valuable description of world politics and money - REAL Money!

The Chinese tried paper money in 900AD. It didn't work then and they went back to silver money for the population and gold for the emperor. The Chinese character for paper money translates as "fly away money". How true.

If you understand the Chinese point of view you will understand the meaning of the word inscrutable.

If you have read and understood REAL Economics so far you will now be in a very good position to understand exactly what is happening in the world at the present time.

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Sep 21, 2010, 09:43























































Creating Wealth and Keeping it

The New book by Phil Scott, President of the Foundation for Economic Growth.

"This book is good, damn good and no statistics!" Lindsay Gordon, MA, MSC, PHD.

Every serious economics student should have a copy and read this ground-breaking foundation of clear economic thinking. Real Economics explains how human actions shape our world and why so much seems to be going wrong for Western economies. This book will bring enlightenment for the general reader who will see why a few very wealthy are becoming exceedingly rich and the middle classes are on the road to serfdom.

See more: www.realeconomics.co.nz