Tuesday, October 21, 2014

Today's Political Dysfunction of Gold

A tell tale sign of commonplace goldbuggery is the incessant focus on "price". Most commentators on the subject are all too guilty of the well known "price fixation" of the Western mindset - when in fact, the MUCH more interesting topic of introspection is to be found in gold's FUNCTION.

Today, in the debt-devoted economic cultures of the West, gold functions merely as a quaint reminder of a long standing, yet mostly irrelevant, tradition - a tradition which hearkens back to a time when gold was either money, or a money "standard". In this context, gold is classified as a commodity, trading like any other commodity. Paper is written to back (fear-based, as in "hedging", or greed-based) speculation - and price is derived from that.

So the function of physical gold (in the current, Western, price-setting markets) is made largely irrelevant by the primacy of price, which is @ 99% a function of paper ... which in turn reflects little about it's historic and/or potential function.

I state these findings in part to bring to your attention the glorification of "PRICE" in the age of privileged consumerism, an age which reached its debt-fueled peak decades ago, and which struggles to grasp upon its dwindling remnants as it slides down the slippery slope of change towards an age where function begins its rise.

One thing we notice lately in many states and municipalities of the U.S., is the increasingly agonizing drone of negative political advertising within the partisan political system's "election season". This year again demonstrates the continuing evolution of our debt-based money's political function as a tool of corporatist interests.

In what many "little people" have come to understand as a grand spectacle of opposing corporate interests "battling for the hearts and minds of voters" we see vast sums of fiat money spent to influence voters.

Yet the (mostly negative) ads are merely proving to rational thinkers that neither candidate has the best interests of working class constituents in mind. Instead, funded focus group and research studies have informed corporate interests as to what will "move certain groups to action". They are merely gaming the party system based on propaganda strategy. This then explains the disaffected and historically low turn out again this year.

Gold has been called the "political metal" but does it function this way today? I think not. Will the next global value system, if it centers upon gold as a primary wealth reserve asset, bring back a more democratic or socially responsible political system? Will gold's evolving function have an impact upon values, socio-economics, the rule of law, and thus even our political systems?

I leave you with that question to ponder ...

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