Discussion in 'Foreign Affairs and Foreign Policy' started by make speed limit 45, Aug 18, 2018.
The dollar is fiat money as is bitcoin. We need the gold standard.
They are illegally holding and American Preacher.
Screw those muslims.
HAHAHA. You're the only one who believes that is the reason.
Have a rebuttal ...
Or, are we dealing with Alt Left Universe fantasies?
A gold standard would be better than now -- something is better than nothing -- but would still keep us under the yoke of the international bankers. A truly sovereign currency would be based on the output of the nations productive labor.
WTF does that even mean? How would you implement it?
It means that the government -- not a private central bank -- issues currency. That currency is not backed by gold or anything else that has value only so long as an international financial system decides it does, or on nothing as it is now. Rather, for every unit of currency issued the equivalent worth of work is performed or goods are produced by the nation. It's a debt-free, interest-free, non-inflationary national currency. Under the authority of congress, it's wholly constitutional. For international trade, good are exchanged for goods. No more trade deficit, no more currency market manipulation, no more national debt. Currency of real value without the yoke of interest around the collective neck of the people and intrinsically fair trade.
It works when it's allowed to work. Lincoln began implementing it. Hitler implemented it and Germany recovered rapidly from horrific unemployment, hyper-inflation, and crushing debt.
The barrier to implementing a currency system like this is the international financial system and those who control it, who in turn control governments via it. Western governments, or just a few of the largest economies, maybe even just the one largest, standing in opposition to that international system could implement it.
Gold is nothing but a shiney rock.
Gold is valuable for the same reason reason paper money and bitcoin are valuable as well. The reason any of the three have value is people arbitrarily say they have value.
Yet you post you have much of it in the bank
The difference with gold is that it's universally agreed to have value, even though that value isn't intrinsic to it.
Regardless, if the West had all the refined gold in the world, it still wouldn't be sufficient to pay off it's collective debt. Until we're free of debt, we'll never really be free.
Jesus krist. Talk about wooly brained. Who decides what an equivalent worth of work or goods is?? I think lawyers and entertainers work is completely useless. Other people say it has value.
Stick with capitalism and bring back the gold standard. That system worked in america until we left it in 1933.
Many people have said that. That gold is fiat money too. But it does have intrinsic value since it has industrial uses and as jewelry. The big thing is gold is rare and compact.
Paper money and bitcoin are certainly not rare. They can be created to infinity.
Intrinsic Value has a very specific definition. It's the present value of future cash flows. Examples of cash flows are interest payments and dividend payment. You get zero cash flows from gold, just like paper money, just like bitcoin.
Gold's very limited utility does not explain its value. It almost all cases their is another material that does the same job as gold, but better, and cheaper. There is an almost unlimited amount of materials that are rarer and more compact than Gold. It's just a shiney rock and old people love shiney things.
Just FYI Bitcoin will not created to infinity. It was designed to be mined at a decling rate, that will eventually reach zero. The last bitcoin is estimated to be created in 2140.
Separate names with a comma.