How on earth do we get a large percentage of the nations in the world to essentially outlaw gold derivatives, what with all that money to be made in derivatives and gold lending
Why would you think this needs to happen? The whole “must be” stuff gets confusing, but he isn’t talking about political change or top down change.
Freegold is about the collapse of confidence in paper gold. De facto, not de jure.
This will result in a clear break from the remaining vestiges gold standard aka trying to tie gold into a fixed contractual parity with a state’s money – the state won’t be able to dictate a fixed price parity.
“It seems FOFOA believes that Homo Sapiens dropped down out of the trees with the innate ability to create and use money, and the subtext is that it goes back in ALL cultures into the great myst of Prehistory.”
FOFOA thinks this:
Well, there you have it! The pure concept of money is our shared use of some thing as a reference point for expressing the relative value of all other things. Money is the referencing of the thing, not the thing itself. As FOA said, money is “a value stored in your head!” Money is not something you save. “Money in its purest form is a mental association of values in trade; a concept in memory not a real item… the value is in your association abilities. This is the money concept, my friends.”