“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.”
- Norm Franz (”Money and Wealth in the New Millennium”, 2001, Whitestonepress, page 154).
Economic Collapse
The Economic Paradigm shift explained – A Look into the Future
One Response to “Norm Franz on gold and debt”
Leave a Reply
Categories
- Bailouts
- Central banking
- Credit crisis in images
- Deflation
- Featured Articles
- Federal Reserve
- Financial system
- Gold
- Inflation
- Quotes on Economy
- Uncategorized
- US dollar
Archives
- March 2010
- February 2010
- January 2010
- November 2009
- October 2009
- September 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
Tags
Bailout Bailouts Central banking China Currencies Debt Defaults Derivatives Euro FDIC Federal Reserve Financial humor Financial system Gold Hyperinflation Inflation Oil OPEC Petrodollars Quotes on Economy USA US debt US dollar US dollar death VideoSyndication
US Official National Debt:
How much is a "trillion"?
Johnny Mellgren elsewhere
Recent entries
Johnny Mellgren is a Swedish entrepreneur with a keen interest in macro economics and macro politics. This is his web site where he blogs about the economic collapse of our time, what to do about it and the economic future we create together. Contact Johnny Mellgren.
Services
I provide advice on investment portfolios for private and corporate clients. I also hold lectures in the history of money and the current economic collapse and how to protect your wealth in a time of transition.
November 4th, 2009 at 2:13 pm
[…] is China. Why are they doing this? They want to get rid of their US Dollars and into hard assets. Gold is the money of kings. Debt is the money of slaves. Just look at the rate of decline in foreign purchases of US […]