Der ganze Artikel ist lesenswert. Unten nur ein Auszug; Unterstreichungen und Anmerkungen PB.
Um mit Bob Dylan zu sprechen: "The times they are a-changing."
Ein erster bewusster Tabubruch des Systems - oder wurde der Artikel nur von der Zensur übersehen?
Loose Money And the Roots Of the Crisis [Judy Shelton]
No one can believe in the omniscience of central bankers anymore.
[...] Whatever well-intentioned reasons existed in 1913 for creating the Federal Reserve -- to provide an elastic currency to soften the blow of economic contractions caused by "irrational exuberance" (and that will never be conquered, so long as humans have aspirations) -- one would be hard-pressed to say that the financial fallout from this latest money meltdown will have less damaging consequences for the average person than would have been incurred under a gold standard.
Moreover, the mission of the central bank has been greatly compromised. Can anyone have faith that Fed policy decisions going into the future will deliver more reliable money? Don't we already know in our bones that the cost of this latest financial nightmare will be born by all of us who store the value of our labor and measure our purchasing power in the form of dollars? As John Maynard Keynes, the famous British economist, observed in his "Tract on Monetary Reform," published in 1923:
"It is common to speak as though, when a Government pays its way by inflation, the people of the country avoid taxation. We have seen that this is not so. What is raised by printing notes is just as much taken from the public as is a beer-duty or an income-tax. What a Government spends the public pay for. There is no such thing as an uncovered deficit."
The entire world has been affected by the breakdown of the U.S. financial system, thanks to the globalization of investment capital. But the free flow of capital -- along with free trade -- is a good thing, the best path to global prosperity. The problem is that the role of the dollar as the world's primary reserve currency has been called into serious question, both by allies and adversaries. Writing in the People's Daily, Chinese economist Shi Jianxun laments: "The world urgently needs to create a diversified currency and financial system and fair and just financial order that is not dependent on the United States."
Let's do exactly that. It is time to take on the task of establishing a new foundation for international economic relations and financial relations -- one dedicated to open markets and based on monetary integrity. Every country is responsible for anchoring [sic!!!] its own currency to the universal reserve asset, and every citizen has the right to convert the national currency into the universal reserve asset.
That's how a gold standard works. A bimetallic system, linked to silver and gold, works the same way. In either case the money is fixed to a common anchor -- and thus automatically functions as a common currency to serve the needs of legitimate producers and consumers throughout the world.
How would such an approach cure financial market ills? Nothing can rescue humans from occasionally making bad choices or succumbing to herding instincts. But on the same principle as democracy and free elections, embedded in the aggregate judgment of individuals over time is a wisdom that outperforms the most ostensibly savvy administrator. Sound money would go a long way toward eliminating the distortions that pervert financial decisions and credit allocations. Price signals do matter; if they don't, then free markets don't matter, and capitalism doesn't work. In which case, let government dictate demand and regulate supply.
No, we need to fix the money. Literally.
=> Die klare Aussage hier: Die Wahl der Geldqualität ist letztlich die Wahl zwischen freier Marktwirtschaft und Planwirtschaft der Zentralbanken bzw. der Regierungen. Im Goldstandard müsste der Goldpreis dann auch nicht mehr manipuliert werden. Er würde irrelevant. Das Goldgramm wäre wieder der Maßstab - und $ / EUR / Yen nur Funktionen bzw. Derivate davon. DIESE Derivate würde dann nicht einmal Warren Buffet noch als "Massenvernichtungswaffen" bezeichnen.
=> Wem das alles zu radikal ist: Wie wäre es mit einem freien Markttest der Währungen? Entziehen wir dem Papiergeld den Status als gesetzliches Zahlungsmittel - und lassen wir freien Vertragspartnern die freie Wahl der ihren Transaktionen zugrundeliegenden Währung: Papiergeld, Gold, Silber, Zigaretten usw. . Mal sehen, welche Währung der freie Markt sich auf Dauer wählen würde. Die Schwarzmärkte der Welt in Zeiten schwerer Krisen geben in "rechtsfreien" Räumen ohne Diktat des "gesetzlichen Zahlungsmittels" immer die gleiche Antwort. Die Dollar- und Fiat-Apologeten stellen ihre Zettel nie dem freien Wettbewerb, sondern verschanzen ihr Papiergeld immer hinter der Mauer des "gesetzlichen Zahlungsmittels" und nutzen das Strafrecht, um ihr Machtinstrument totalitär abzusichern! Wie lange noch?
=> Caveat: Ein reiner GoldSilber-Standard würde nicht ewig funktionieren und würde eine Reihe von Problemen aufwerfen (Stichwort "Zinsakkumulation" auch im Goldsystem). Aber diese Probleme sind NICHTS gegen die Perversionen, die das heutige Fiatsystem und das Fractional Reserve Banking im Herbst seiner Existenz hervorruft.
Link zum Originalartikel bei WSJ