Marx, Lenin, Keynes have won

[Mar 24, 2012]

They have won, indeed. At what, you might ask? Well, have a look at the following three quotes, and you will realize how well the dreams of these prominent gentlemen have materialized.

1. Marxist Central Banking
“Centralisation of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly.” – The Communist Manifesto, Karl Marx & Friedrich Engels, 1848


2. Leninist Inflation Targeting
“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency.” – John Maynard Keynes, The Economic Consequences of the Peace


3. Keynesian Totalitarian-Adapted Central Planning
”The theory of aggregated production, which is the point of the following book, nevertheless can be much easier adapted to the conditions of a totalitarian state than the theory of production and distribution of a given production put forth under conditions of free competition and a large degree of laissez-faire. This is one of the reasons that justifies the fact that I call my theory a general theory.” – John Maynard Keynes, foreword to the German edition to General Theory, 1936


Most people today take it for granted that we need a central bank with an exclusive monopoly. All fiat money issued today, even by private banks, is really debt emanating from the central bank monopoly. Nowhere today can you find official money that exclusively is an asset. In this way, Marx and Engels have succeeded. They have won.

Most people today think the central banking money lords protect us from many ills by “managing” our banking system. Few realize that the inflation targeting, so popular among central banks, are actual targets for delivering steady inflation. And even  for example 2% yearly inflation becomes 50% in a generation. That’s hardly low inflation or a good way to “manage” things. The truth is of course the exact opposite; they are here to screw us all at the expense of their buddies in charge. In this way, Lenin has succeeded. Lenin has won.

Most people today think it’s a great thing that the people in charge “manage” the “economy”. Few realize that the main man behind all this, Lord Keynes himself, admitted that his general theory was better suited for totalitarian states. He wrote this in 1936, in the German edition, and we all know what happened in Germany in the years that followed. Keynesianism is great fuel for politicians and states aspiring to become totalitarian. In this way, Keynes has succeeded. Keynes has won.

With Marxist central banking, Leninist inflation targeting and Keynesian totalitarian-adapted central planning being the winners – the standard all over the World today, and with most people being duped into believing it’s great – who are the losers? It’s certainly not the Bernankes, the Draghis or the Krugmans of the World, benefitting greatly from repeating the dogma of their heroes of power.

I’d say we are all losers. Some have gained financially, but may have lost their soul. Others have lost financially but won their soul. But most of us have likely lost out financially and lost some of our soul as well.

Now to the good part. Our overlords are powerful because we let them. We can break the chains, and they can’t do much about it. We can do it from our desks at home, not even leaving our homes. We can do it completely peacefully.

The magic is to stop relying on their fraudulent system, and the most fundamental way of doing this is to stop measuring your income, your costs and your worth in the monopolized fiat currencies of theirs. Simply select something more useful, something that has proven to serve much better as unit-of-account.

The two main contestants are silver and gold, and we believe gold is the first choice. But we won’t argue with you about that. Sitting at your desk, you can select the unit-of-account you prefer, or perhaps even a set of unit-of-accounts. Meanwhile, I can sit here at my desk and do it my way.

This is the most fundamental ingredient in monetary freedom, in case you didn’t know. You have it, and they can’t stop you from using it. Use it. We are simply here to help.

At we track the World’s major stock exchanges and currencies in terms of a single currency, gold. © copyright 2011 Golden Markets Ltd. Permission to reprint in whole or in part is gladly granted, provided full credit is given. Read our Disclaimer.

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