I'm I a conspiracy theorist now? [modified]
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World Reserve Currencies come and go. Read this account http://en.wikipedia.org/wiki/Reserve_currency[^] You have nothing to fear from another currency, even a "created (or Invented)" currency, from being or becoming the next flavour of World Reserve Currency. In fact, it could be beneficial to the financial and political stability of the United States if the US Dollar was not the World's Reserve Currency.
It does a great deal at eroding the sovereignty of all nations through the management of their currencies by global minded powers. It is a consolidation of power. We all know by now that through the manipulation of the dollar and other currencies, our economy has been destroyed and almost all people have been robbed of their wealth and have been enslaved by the national debt. Ninety-Five percent of the value of the dollar has been lost since the establishment of the federal reserve. Now we are going to go to a consolidated global scheme? Bullshit on that. There is nothing you can say that will convince me that it is a good thing, because it simply isn't good to consolidate power like that. There is no reason for anyone to have that kind of power for any reason whatsoever.
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what? do you not understand the system? are you that far gone that not only do you fail to get the answer you actually miss the point of the question? the Gold standard does mean that the value of a currency falls with the amount in circulation unless it was backed by gold, this meant that gold producing countries had artificially high currencies. the system was failing before WW1 and never recovered, the gold standard did not prevent the printing of money (check germany in the 20s they were a member of the gold standard and it didnt stop them it just meant that the currency was worthless on the world market)
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
Alex hogarth wrote:
the Gold standard does mean that the value of a currency falls with the amount in circulation
Its like that for all currencies, the only difference is that gold can't be printed up out of thin air on worthless paper by greedy corruptoids that want to manipulate the economy and finance political puppets.
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UN wants new global currency to replace dollar[^] HUH? I told you this is going to happen but all you stupid ass sniffing retards say is "You make this up to make you feel like your not a failure" or some stupid ass bullshit. Front and center what you need to know... It is a global scheme of a currency system, controlled by an international institution(s). All the currencies in the world will be subjected to the intervention of the international body(s). It does a great deal at eroding the sovereignty of all nations through the management of their currencies by global minded powers. It does a great deal at eroding the sovereignty of all nations through the management of their currencies by global minded powers. It is a consolidation of power. We all know by now that through the manipulation of the dollar and other currencies, our economy has been destroyed and almost all people have been robbed of their wealth and have been enslaved by the national debt. Ninety-Five percent of the value of the dollar has been lost since the establishment of the federal reserve. Now we are going to go to a consolidated global scheme? bullsh*t on that. There is nothing you can say that will convince me that it is a good thing, because it simply isn't good to consolidate power like that. There is no reason for anyone to have that kind of power for any reason whatsoever. List of prominent people who have spoke out against centralized power over monetary systems. The first witness to be called is Abraham Lincoln. He warned, "I see in the near future a crisis approaching that unnerves me and cause me to tremble for safety of my country; corporations have been enthroned, an era of corruption in High Places will follow, and the Money Power of the country will endeavor to prolong its reign by working upon the prejudices of the People, until the wealth is aggregated in a few hands, and the Republic destroyed." Congressman Wright Patman decared, "In the U.S. today, we have in effect two governments. We have the duly constituted government, then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve, operating the money powers which are reserved to congress by the Constitution." Congressman Charles L
It will help third world countries to repay their debts. Since you're all about the "common man", what's your problem with it? Paranoid the U.S. will lose it's key currency status?
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Alex hogarth wrote:
the Gold standard does mean that the value of a currency falls with the amount in circulation
Its like that for all currencies, the only difference is that gold can't be printed up out of thin air on worthless paper by greedy corruptoids that want to manipulate the economy and finance political puppets.
true but it can be manilupated and was, it became unusable so why do you think it could be reinstated? or why is the proposed new currency any worse than the gold standard? gold is being produced all the time so how can it be used as a standard? you are baindead arnt you, you see fairies too? or little green men?
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
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true but it can be manilupated and was, it became unusable so why do you think it could be reinstated? or why is the proposed new currency any worse than the gold standard? gold is being produced all the time so how can it be used as a standard? you are baindead arnt you, you see fairies too? or little green men?
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
It's not that it's produced - it's that it is supply limited. You can't back every dollar with gold - there isn't enough to go around.
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It's not that it's produced - it's that it is supply limited. You can't back every dollar with gold - there isn't enough to go around.
true, but if you did introduce it CSS would claim that it was being used to unbalance the planet or something
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
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true, but if you did introduce it CSS would claim that it was being used to unbalance the planet or something
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
Indeed he would, indeed he would...
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It will help third world countries to repay their debts. Since you're all about the "common man", what's your problem with it? Paranoid the U.S. will lose it's key currency status?
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true but it can be manilupated and was, it became unusable so why do you think it could be reinstated? or why is the proposed new currency any worse than the gold standard? gold is being produced all the time so how can it be used as a standard? you are baindead arnt you, you see fairies too? or little green men?
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
Alex hogarth wrote:
it became unusable so why do you think it could be reinstated?
It is the most sounds monetary system one can ever have. I'm not talking about a paper based gold standard as you keep mentioning. I'm talking about real hard money gold and silver coin.
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Welcome back John. Trust you are well? Do tell me next door SoapBox 1.0[^].
I'm fine Richard. Best I've been in a loooong time.
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Alex hogarth wrote:
it became unusable so why do you think it could be reinstated?
It is the most sounds monetary system one can ever have. I'm not talking about a paper based gold standard as you keep mentioning. I'm talking about real hard money gold and silver coin.
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It's not that it's produced - it's that it is supply limited. You can't back every dollar with gold - there isn't enough to go around.
73Zeppelin wrote:
You can't back every dollar with gold - there isn't enough to go around. Quote Selected Text
This is the stupidest argument against gold and silver. The value of gold and silver goes up as demand for it increases and as demand increases, so does the profitability of mining more gold and silver. To think we have mined all of the metals is ridiculous, it just takes more effort to get to it. It works out well. Perhaps 0.01 will be worth 25 cents but that is the way it used to be.
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I'm fine Richard. Best I've been in a loooong time.
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Looks like you might need a history lesson of why and how Gold lost position. Start by looking at Nixon and work back in time...
Yeah, all the real wealth was consolidated into the hands of the very same people who control the fiat money. Gold and silver has worked for thousands of years, and has retained its value throughout history. You can't get anymore stable than gold and silver. That is why people flock to it when they realize how fragile their manipulated fiat paper crud is.
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It will help third world countries to repay their debts. Since you're all about the "common man", what's your problem with it? Paranoid the U.S. will lose it's key currency status?
73Zeppelin wrote:
It will help third world countries to repay their debts.
No it won't. It further entrenches the entire world into their fiat money game. The IMF loans third world countries money that they printed up (stolen from the people who hold the money), and loan it out at ridiculously high interest. All that does is let the IMF profit from money that they did not earn, they devalue the currency they are manipulating, and steal real wealth.
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73Zeppelin wrote:
It will help third world countries to repay their debts.
No it won't. It further entrenches the entire world into their fiat money game. The IMF loans third world countries money that they printed up (stolen from the people who hold the money), and loan it out at ridiculously high interest. All that does is let the IMF profit from money that they did not earn, they devalue the currency they are manipulating, and steal real wealth.
Yes it will. Think about it (if you're capable of that).
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73Zeppelin wrote:
You can't back every dollar with gold - there isn't enough to go around. Quote Selected Text
This is the stupidest argument against gold and silver. The value of gold and silver goes up as demand for it increases and as demand increases, so does the profitability of mining more gold and silver. To think we have mined all of the metals is ridiculous, it just takes more effort to get to it. It works out well. Perhaps 0.01 will be worth 25 cents but that is the way it used to be.
Think "marginal cost of extraction".
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:thumbsup: Knock hard next door, the old sod is getting a bit deaf in his old age ;P (don't tell him I called him an old sod :laugh: )
Heh. I applied to join the group. I'll have to check in in the morning. It's 10:30 pm my time and the alarm goes off at 5 am...
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Heh. I applied to join the group. I'll have to check in in the morning. It's 10:30 pm my time and the alarm goes off at 5 am...
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Think "marginal cost of extraction".
73Zeppelin wrote:
Think "marginal cost of extraction".
It would be good for the economy. Good for jobs that produce something real and useful, and provides a good check to inflation since mining efforts would only be profitable when demand for it is high.