HSBC Senior Asia Economist Frederic Neumann had this to say regarding digital gold currency.

“It all comes down to trust,” says senior economist Frederic Neumann.

“We trust the government to guarantee our ‘virtual’ money for real currency. [With digital gold] the gold standard is guaranteed by a private company. Governments already have several hundred years of sovereignty engrained in people’s minds, so that trust is very difficult to establish.” *http://edition.cnn.com…

For this ignorant comment, we crown Frederic Newmann “Dumb Ass of the Decade”.  Let me tell you, that contest had some stiff competition.

If you have not read this article Virtual cash meets the real world from CNN’s digital edition it is quite good and even brings up GoldMoney. I can’t say much about who they picked to quote regarding DGCs. What an idiot.

Any statement that starts with, “We trust the [Federal]government to guarantee…..” should be an obvious red flag. The Federal Reserve in bed with the Federal Government has been screwing the American people since the 1920′s.  GoldMoney has regular third party professional audits on exactly how much gold is in the vault, bar numbers, purities and more.

The Federal Reserve HAS NEVER BEEN AUDITED and won’t consent to one so Congress is now working to legally require them to be audited…and that is being fought by government officials on all levels.

The U.S. Government gold reserves have not been audited in over 50 years and the government, despite multiple legal requested, will NOT provide an audit to the American people.

Since the Federal Reserve was created the U.S. Dollar has lost more than 94% of its value because of the Federal Government’s inflationary policies, not to mention the 5-6 Trillion that printing presses have created in the past two years.

Trust the Federal Government and the Federal Reserve with the creation money for the betterment of the American people? You are nuts.

Enjoy your award.

James Turk, Doug Jackson…these are men I trust.

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson, after signing the Federal Reserve into existence