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Non- Americans are smart and getting smarter: From a “rest of
world” perspective, it is now beginning to be rather evident that through its mixed messages, American Leadership along with our collective consumer behaviour are squandering trust other fellow humans bestowed upon it in those heady days after World War II. We have created, borrowed and spent more “fiat” money since than probably existed since beginning of civilization. The Dollar, whether in paper or electronic form, is a mere shell of its former self. According to Federal Reserve itself, ironically entrusted to maintain value of it, dollar has lost over 95% of its value since Fed came into being. The mantra of a “sound Dollar” has been replaced by “no money down and 0% financing” and people in rest of world are beginning to wake up to its ramifications.
More importantly, spirit backing “greenback”, regardless from which God it came, seems to have been replaced by needs of self serving politicians, finance people and Federal Reserve itself. It is becoming blatantly obvious to at least many well educated non-Americans that politics and greed seem to have once again replaced down-home human spirit and values. There are more and more well educated and well travelled non-Americans. It is interesting to note that in Europe over last 10 years, questions about best sights to see and best places to shop have been replaced by American political and monetary inquiries. Also, at least in Europe, more of them are expressing an open disinterest in visiting United States.
"Maggie" in a new context: Remembering Maggie Thatcher, we see that despite all spin by politicians and even Sir Alan Greenspan himself, or maybe because of it, Europeans have created Euro, Arab nations are both contemplating buying oil in Euros and creating a gold Dinar and Chinese have opened a gold exchange. Now possibly even Bank of Japan itself is exploring ways to lessen their dependency on U.S. Dollar. Abroad, blind trust is giving way to a “cover your ass-etts” awakening. What happens when fewer and fewer people want more and more Dollars?
Looking at its steady price rise, one of avenues being explored by all is gold. Luckily, pure gold is still one form of money no government or bank has ever been able to manipulate. Even after more than 5000 years of use as money, gold still doesn’t need reminder of “In God We Trust” to help retain its value.
Nowhere on a piece of gold will you find words “promissory note”. Even though some might also add that it is also only form of money created by God, one thing most of us can agree upon is this; Gold and its sister Silver are only assets used as money that are not backed by a liability. It might be time to once again remind ourselves of that all-too-human slogan about “promises are made to be broken.”
So until personal integrity and earning trust become not only leadership issues but leadership requirements it would seem to be prudent to save some gold. It would also be worthwhile to compare what is being stated by our leaders to responses generated in subsequent world events. Its all about relationships!
Question Authority: The more we question authority, more we coach our leaders and ourselves to be truthful, more we retain and exercise our freedom of choice. With our help, our leaders can again become personally accountable to serving “We people” instead of just enjoying their elite status. Then rest of world may again be inspired to look up to us who are blessed to be citizens of “the land of free”.
Living ex-pat for over 15 years and travelling to 30 countries gives you an wider perspective on both the world and how we relate to it. Kurt enjoys writing and coaching to expand our understanding" on issues of health, prosperity and relationships.
