The banks have all the gold, the middle class and poor would be up shits creak in a barb wire canoe, a gold standard is easily manipulated. If you want to stop government spending, start a new government system based around the recommended systems of ancient Greece, them guys knew there shit.
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dear moron, if you go to work everyday and you are paid in paper money, you are trading a finite resource (your time, your energy, your life) for an infinite resource (worthless paper) every day.
I favor a system of competing privately issued local currencies among which I'm sure will be gold. Let people who EARN the wealth select the money they wish to save & use. Don't have some jackass sitting in an ivory tower practicing crony capitalism forcing others to use watered down paper as money.
Gold is currency,and if other countries start using it,the US dollar will be worthless and I could wipe my ass with it.Gold can never be counterfeit,in that case it would be a higher demand in Gold which would make the US dollar collapse.Gold will always be higher in currency,it can never decrease it will always increase.So the US will have to come up with a new currency,which is sound money,which can't be counterfeit neither.The Fed would no longer be able to go on with their crazy spending.
Bernanke's voice trembles... but why?
your clueless Gold would be the shittiest money to use. you can't trade a infinite resource for a finite resource (gold). the country that exports the most would end up with all the gold, the banks already have most of the gold, India has more gold than USA and would instantly be come richer than USA, the rich could just horde all the gold and you will be fucked.
money is just a word, and the meaning of the word proves gold is not money.
Bernanke should have stood up and said No! you fucking idiot! get a dictionary.
Our debt is by design with a purpose: to bankrupt the government.
Instability is a great tool for these interests, they will no doubt come with a solution and implement a new form of government.
Where's my money you **** ******
I figured it up. The national debt is 16 trillion dollars now. By the rate our government is spending money , we spend 3 million dollars a minute , 3 x 60 minutes = 180 million an hour. 180 x 24 hrs. = 4 billion 324 million dollars a day. 4,324 x 7 days = 30 billion 240 mill a week. 30,240 x 30 days = 129,720 billion dollars a month. 129,720 x 12 months = about 1.5 trillion dollars a year! These numbers are very real , and the debt is climber faster than we can pay it off!
i mean in their own eyes their both doing the right things in their own eyes.
"Is gold money?" ............ "No it's a precious metal" "Then why do central banks still hold it? Why don't they use diamonds?" "It's tradition" "Well some people still think it's money I yield back"
But other countries can hoard gold or dump loads on the market, fluctuating the price. And your logic fails, because if there is a limited supply of gold, economies cannot grow. There isn't enough gold in the world to back up the US economy. The value of gold would have to skyrocket to cover it. That's inflation. We print money (or halt printing) in order to stabilize the value of the dollar. Gold has no intrinsic value just like a printed dollar.
Umm gold would not become like paper money because you cannot create gold out of thin air.
You understand the word intrinsic yet you ramble on.
You have NO idea what a gold standard entails either. Supply & demand set price and availability. There is NO such thing as not enough gold any more than there are not enough trees for paper money.
The dollar has lost 97% of its value since its inception. The productive gains of society are STOLEN by banking goons who do no real work.
I favor a system of competing privately issued currencies among which would be gold.
Gold has no intrinsic value. It's a commodity, and its price fluctuates. There isn't enough gold in the world to put the US back on the gold standard. If we used gold as a currency, our economy would be at the mercy of the international price of gold. The US dollar is the most stable currency in the world. Why do you think nations print their own money in the first place? Your understanding is childish and naive.
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It is worth exactly what you can exchange it for without coersion.
This is unlike paper money which can only have value with coersion (i.e. forcing people under penalty of imprisonment into a system that uses it and collecting taxes in that medium).
You obviously don't have an understanding of what's going on. I suggest you start doing some real research and soon.
But what would gold be worth if there was no money? And other countries would still have paper money even if we didn't. And gold is a commodity, which means the price can be manipulated. You obviously didn't understand my comment or you didn't read it carefully. It doesn't matter if gold was used as money in the past, the point is that it won't work as money now.
gold was money well before paper money showed up, so you're wrong.
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