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Not time yet for a gold standard:
First the economy is going into severe recession.
Then we get massive stimulus.
Then we get a dollar collapse.
THEN we can go to a gold standard.
Change only happens when the pain of staying the same is greater than the pain of changing.
Hope they pay off the debts to China, etc. with worthless dollars before closing the Fed.
#NashvilleStrong
“I’m a doctor. That’s a baby.”~~~Dr. Manny Sethi
It was also defined in terms of copper: 1100 pennyweights of copper according to the Coinage Act of 1792.
Defining the dollar in terms of multiple metals at once was one of the mistakes made in setting up the monetary system. It amounts to price-fixing, if you think about it. This poison seed was to bear fruit many decades later, giving rise to the Free Silver Movement and William Jennings Bryan ("a cross of gold!") -- a disaster for America and for Liberty.
I would like to have real money , back it with whatever is most reasonable , gold , silver other metal etc . Whatever country does it first will be the world preferred money.
Do something Danke
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
No they aren't. FRNs are a private currency from a private bank for a private "governmental" corporation unless and until the republic is restored and a nationalization order is issued. Do you have evidence that the republic is restored and a nationalization order has been issued?
Last edited by devil21; 11-29-2016 at 03:32 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Again, the implication here is that the market is incapable of understanding the value of things without government intervention. Why would sellers of products be willing to accept an insufficient number of dollars in compensation for these products? Better yet, how are they be capable of staying in business if they are continually selling their products for less than their actual value?
Nobody would value casino chips if the casino weren't standing behind them.
I think a better comparison is to say that nobody would value casino chips if you didn't have to buy them to play the casino's chip based games. Someone can choose to not visit the casino, however (read: sovereignty). In modern society, everyone is born inside the casino without realizing it and there are very few doors to exit the casino....and they're hidden behind false walls and mirrors.
Last edited by devil21; 11-29-2016 at 03:59 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Money is a medium of exchange. It is whatever people decide to use and has whatever value the market gives it.
Price Optimization: http://www.retailtouchpoints.com/fea...e-optimization
Gulag Chief: "Article 58-1a, twenty five years... What did you get it for?"
Gulag Prisoner: "For nothing at all."
Gulag Chief: "You're lying... The sentence for nothing at all is 10 years"
Name one capitalistic or semi-capitalistic country that has had hyperinflation which wasn't on the losing end of a war. Zimababwe elected a kleptocrat who took land away from all of the wealthy in the country and the people with money had to figure out how to get their wealth out of the country. It just doesn't happen because Ben Bernanke lowers interest rates a quarter of a point.
Hyperinflation is almost impossible in a market economy. Japan has proven that you really have to try to ruin a currency and even they haven't been able to do it.
So how often does hyperinflation occur with fiat money? It is actually pretty rare though it does happen. More often related to loss of confidence in the government.
Last edited by Zippyjuan; 11-29-2016 at 05:08 PM.
Last edited by Dr.3D; 11-29-2016 at 05:18 PM.
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