While we certainly can discern that a “better” monetary and credit system exists in theory, the sad reality is that the current global fiat system, albeit intrinsically bankrupt (see Open letter to Meyers June 20 2006), is controlled by a veritable death grip by the captains of banking and privilege - the heirs of the actual perpetrators who illegally initiated the woeful system that we are today saddled with. (See Google video - The Money Masters)

My personal conclusion is that the current system will get far worse before it bursts like a pent-up dam (read bubble), and prior to which gold-based public and private currencies and banks will play an increasing role in bridging the chasm of destruction that lies ahead. It is for this reason that I cannot advocate that citizens and small businesses simply ignore gold until (and IF) the redesigned money system(s) of Tom Greco and Bernard Lietaer come to pass.

As a part time investigative journalist, I have written about a global gold price conspiracy at the highest levels of central banking and monetary control that is now being undermined by the legal actions of the Gold Anti-Trust Action Committee-GATA (See Where’s The Gold? Part 2 & Part 2 - http://catalysthouse.com/lvtribune.html. GATA’s aggressive actions now threaten to expose the entire house of cards upon which the current global fiat system rests, and push gold even higher as the current system accelerates further into meltdown.

To paraphrase GATA’s founder, Bill Murphy, a return to a gold standard system is now more feasible than ever, but is nonetheless politically incorrect. But politics be damned, I propose that gold-based banks and currencies can be a reliable vehicle for safe liquidity as the current system unravels - e-Gold.com and GoldMoney.com being prime examples of next-generation gold standard digital banking.

The existing political structure can be expected to resist any shift to a gold-based financial system because it will make the welfare state impossible to maintain. The welfare state depends upon the government’s ability to defraud people by printing money or, worse, gunning the economy through a reckless credit expansion. The Federal Reserve has opted for the latter course since 1982, and it will soon lead to a devastating crash and depression.

In recent times I have seen certain private gold-based currencies indicted on trumped-up charges, e-Gold and Liberty Dollars come to mind, and I am reminded of a quote from my old friend and former Washington lobbyist-colleague, Adrian Cronauer (Good Morning Vietnam!): “If you are catching flack, my dear, you must be on target!”

I do hope and pray that the money visionaries can someday usher in a new world of credit banking that works for us, the people, instead of the money-master bankers, but in the meantime I’ve got my bullion and my e-Gold and my GoldMoney.

Very Sincerely,
Lynnea M. Bylund
President
The Barter Catalyst Initiative
Catalyst House, Inc.
www.CatalystHouse.com