<blockquote>'..nearly all economists focus on GDP as the be all and end all in economic measurements.'
- Mike "Mish" Shedlock,
Quarterly GDP, May 13, 2014</blockquote>
'During the 2008 crisis – that almost succeeded in bringing down the current international monetary system – gold made a stunning comeback into the system. During the crisis, gold became the only accepted guarantee in order to get liquidity..'<blockquote>'Gold is the sovereign of all sovereigns'
- Democritus
'..Gold is real money, contrary to the different countries’ currencies, which are fiat money and can be devalued by monetization of the debt.
..
During the 2008 crisis – that almost succeeded in bringing down the current international monetary system – gold made a stunning comeback into the system. During the crisis, gold became the only accepted guarantee in order to get liquidity. What was significant was that after having been ignored for decades, gold was coming back into the international monetary system via settlements of the Bank for International Settlements (BIS). These transactions themselves confirm that gold was coming back into the system. They revealed the poor state of the financial system before the crisis and showed how gold has indirectly been mobilized to support the commercial banks. Gold’s old emergency usefulness has resurfaced, albeit behind closed doors at BIS in Basel, Switzerland.'
- Dan Popescu,
Gold and Geopolitics, May 15, 2014</blockquote>
'Jürgen Stark .. says "The System is Out of Control".'<blockquote>'Jürgen Stark, former vice president of the Bundesbank, and also former chief economist of the ECB (unofficial title) says "The System is Out of Control".
..
Stark is preaching to the choir, but it is appreciated. One does not normally hear such statements from central bankers or even ex-central bankers.'
- Mike "Mish" Shedlock,
Former Bundesbank Vice-President Recommends Gold, Says Current Economic System is "Pure Fiction", May 24, 2014</blockquote>
Context '..a “monstrous” (according to Clemente de Diego) legal institution..'<blockquote>
'The use of GNP .. exaggerating the importance of consumption in the economy..'1913-2013: The Lost Century, May 22, 2014
The Parabolic Expansion of the Regulatory State, May 13, 2014
'..central bank measures .. of 2012 .. a catastrophic mistake..''..The Coming Loss of Faith in Central Banks'Mises - Money and Credit - '..the recession was a problem of under-saving, and over-consumption..''.."financial slavery" that grips the world .. are of high human and personal cost..''..the system as such is very rarely questioned..' - '..the widespread public ignorance of the functioning of the financial system.'</blockquote>