Gold Standard

cawacko

cawacko

Well-known member
Doesn't get discussed a whole lot but Ted Cruz brought it up during the most recent debate. I've read a couple of books on it although with that I still have challenges articulating fully the down and dirty details it entails. For those who do understand it better for the U.S. to go back on the gold standard would we need other countries to do so as well? If we do it solo does it open us up to have our currency manipulated by others?
 
cawacko said:
Doesn't get discussed a whole lot but Ted Cruz brought it up during the most recent debate. I've read a couple of books on it although with that I still have challenges articulating fully the down and dirty details it entails. For those who do understand it better for the U.S. to go back on the gold standard would we need other countries to do so as well? If we do it solo does it open us up to have our currency manipulated by others?
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The gold standard is the one and only way to control gubmint spending. It keeps statists in check because it is very difficult to devalue ones currency when you have to keep equivalent gold reserves on hand.

It would cause much caterwauling and hand wringing by the Wizards of Smart and they would fight with all their might to stop it.

At this point we can't just go back. All we can do is wait for the inevitable implosion.

The powers that be have done a.l they can to link the world economies but that won't prevent the inevitable.

If you want to protect yourself buy junk silver. It is a great store of value if times get lean and we go the way of Weimar Germany
 
I Love America said:
The gold standard is the one and only way to control gubmint spending. It keeps statists in check because it is very difficult to devalue ones currency when you have to keep equivalent gold reserves on hand.

It would cause much caterwauling and hand wringing by the Wizards of Smart and they would fight with all their might to stop it.

At this point we can't just go back. All we can do is wait for the inevitable implosion.

The powers that be have done a.l they can to link the world economies but that won't prevent the inevitable.

If you want to protect yourself buy junk silver. It is a great store of value if times get lean and we go the way of Weimar Germany
Click to expand...

I must disagree. in the near future, gold and silver will be thrown into the streets because it will be worthless. you can't eat silver or gold.
 
iewitness said:
I must disagree. in the near future, gold and silver will be thrown into the streets because it will be worthless. you can't eat silver or gold.
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Wrong. Silver will be the way to exchange goods and services. Especially junk silver because it is portable and easily identifiable.
 
I Love America said:
Wrong. Silver will be the way to exchange goods and services. Especially junk silver because it is portable and easily identifiable.
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the most valuable thing in the near future will be food. goods and services will end. you do not want to be here at that time. you would be better off dead from a confrontation with Turkish, u.n. peacekeepers.
 
cawacko said:
Doesn't get discussed a whole lot but Ted Cruz brought it up during the most recent debate. I've read a couple of books on it although with that I still have challenges articulating fully the down and dirty details it entails. For those who do understand it better for the U.S. to go back on the gold standard would we need other countries to do so as well? If we do it solo does it open us up to have our currency manipulated by others?
Click to expand...

Don't we need to have actual (real) gold in order to do that?
 
I Love America said:
Wrong. Silver will be the way to exchange goods and services. Especially junk silver because it is portable and easily identifiable.
Click to expand...

You will die an old man still expecting the economic collapse and apocalypse you are breathlessly waiting for. Your fantasies are over-active . You have hopelessly lost touch with reality.
 
cawacko said:
Doesn't get discussed a whole lot but Ted Cruz brought it up during the most recent debate. I've read a couple of books on it although with that I still have challenges articulating fully the down and dirty details it entails. For those who do understand it better for the U.S. to go back on the gold standard would we need other countries to do so as well? If we do it solo does it open us up to have our currency manipulated by others?
Click to expand...

People who advocate the gold standard are nutjobs with no understanding of basic economics. Ridiculous that anyone in a major party would openly advocate such lunacy, just goes to show how extremist and out of touch with reality the Republican party has become.
 
I Love America said:
Wrong. Silver will be the way to exchange goods and services. Especially junk silver because it is portable and easily identifiable.
Click to expand...

Haha you bought into one of the scams that the nutjob radio hosts you listen to was selling. Please spend all of your money on this garbage, I want you to suffer.
 
I Love America said:
Wrong. Silver will be the way to exchange goods and services. Especially junk silver because it is portable and easily identifiable.
Click to expand...

I Love America said:
The gold standard is the one and only way to control gubmint spending. It keeps statists in check because it is very difficult to devalue ones currency when you have to keep equivalent gold reserves on hand.

It would cause much caterwauling and hand wringing by the Wizards of Smart and they would fight with all their might to stop it.

At this point we can't just go back. All we can do is wait for the inevitable implosion.

The powers that be have done a.l they can to link the world economies but that won't prevent the inevitable.

If you want to protect yourself buy junk silver. It is a great store of value if times get lean and we go the way of Weimar Germany
Click to expand...

Except there's been little inflation over the past few years so you're full of shit.
 
The hyperinflation of the 20's did comparatively little damage to Germany when weighed against the deflation of the 30's which lead to Hitler.
 
Leonthecat said:
You will die an old man still expecting the economic collapse and apocalypse you are breathlessly waiting for. Your fantasies are over-active . You have hopelessly lost touch with reality.
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Dying an old man is the plan. I am not expecting anything. I hope for the best and plan for the worst.

These are not fantasies, these are observations born of studying human history. How has devaluing ones currency to the extent that we have ever benefitted s nation in the long term?

Even if calamity never strikes, my mountain retreat is a place of relaxation and rest. I am more "green" there than any lefty on this board.
 
Underworld King Star said:
People who advocate the gold standard are nutjobs with no understanding of basic economics. Ridiculous that anyone in a major party would openly advocate such lunacy, just goes to show how extremist and out of touch with reality the Republican party has become.
Click to expand...

Actually it makes perfect economic sense. It makes very little sense to statists and lovers of big gobblement because the gold standard restrains gobblement spending.

Under the gold standard if a gobblement is doing to print currency, it must have sufficient amount of gold to back it up. I can't even imagine where we would store the gold reserves to back up all that the Fed has printed

Under the statists vision of the money supply, the taxpayer is the reserve backing up their printing and spending needs

The full faith and credit of the USA is based on its ability to tax

And of course idiot economic illiterates like Skidmark thinks we just need to "tax the rich". Well the reality is that we could tax the top 1% at 100% and it would barely fund Medicare for three years. That's it. That is all that is there

Maybe if skidmark spent more time reading an economics book instead of jerking off to gay anime porn he wouldn't be such a worthless dumbfuck.

How I pray that he gets eaten by an alligator
 
cawacko said:
Doesn't get discussed a whole lot but Ted Cruz brought it up during the most recent debate. I've read a couple of books on it although with that I still have challenges articulating fully the down and dirty details it entails. For those who do understand it better for the U.S. to go back on the gold standard would we need other countries to do so as well? If we do it solo does it open us up to have our currency manipulated by others?
Click to expand...

Thank you for this post. I not know of this standard before this. I will ask persons who know more about this than myself and study this to.

From what I read, USD was pegged to gold. Is this right? That gold made USD valuable? I do not know if that true. Maybe before times, but I do not believe true now. People trust government who back the money. Where I am from we do not have own money, only USD. Many countries like mine.

Very good topic you bring. Do you have college education?
 
iewitness said:
the most valuable thing in the near future will be food. goods and services will end. you do not want to be here at that time. you would be better off dead from a confrontation with Turkish, u.n. peacekeepers.
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Think like this is why persons don't know about this gold standard. They think only of will this money by me food and shelter. If money can be accepted many different place, this money have great value.
 
I Love America said:
Dying an old man is the plan. I am not expecting anything. I hope for the best and plan for the worst.

These are not fantasies, these are observations born of studying human history. How has devaluing ones currency to the extent that we have ever benefitted s nation in the long term?

Even if calamity never strikes, my mountain retreat is a place of relaxation and rest. I am more "green" there than any lefty on this board.
Click to expand...

I dunno, just go back and look at nearly all of US history, where inflation rates at or above current rates were common. How do you think we survived then?
 
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