Anonymous ID: 948603 Dec. 25, 2018, 6:36 p.m. No.4468726   🗄️.is đź”—kun

>>4468637

It’s a rigged system that inexorably shifts wealth from labor to capital. a highly leveraged fractional reserve banking cartel is used to push assets up too high and encourage borrowing against the inflated assets, then the crash is dialed up and the bankers step in to seize collateral at fire sale prices. Then inflation is let back in the system and the bankers gain from asset price recovery.

Anonymous ID: 948603 Dec. 25, 2018, 6:40 p.m. No.4468762   🗄️.is đź”—kun   >>8773

>>4468696

I’ve seen Wall Street analysis of the impact on gold price of going back on a gold standard, and the price to make it work was in a range of $5000-10000, depending on what you use for money supply and what percentage of that number you want to back with gold.

Anonymous ID: 948603 Dec. 25, 2018, 6:50 p.m. No.4468873   🗄️.is đź”—kun

>>4468696

In the short run, the amount of paper contracts (read : bullion banks) can push the price, but over the longer term I don’t think it is a distorting the level of prices.

 

The Chinese opened up a physically settled gold contract a few years ago, and the prices there do not divert much from NY or a London. In theory, if the price were manipulated lower, there is nothing stopping producers of the metal selling to physical buyers in shanghai where there is a liquid physical market.

Anonymous ID: 948603 Dec. 25, 2018, 6:56 p.m. No.4468946   🗄️.is đź”—kun   >>9006

>>4468858

It does matter what we use as our currency because we’ve outsourced money creation to a banking cabal who is interested in keeping purchasing power constant only as long as the interests of creditors are well protected. Watch what happens to our money when the big reset comes and bankers want to exit.

 

can conjure money at will and as soon as th

Anonymous ID: 948603 Dec. 25, 2018, 7:15 p.m. No.4469169   🗄️.is đź”—kun   >>9175

>>4469006

The argument for “elastic” or fiat money is that you can grow gdp faster because you avoid the deflationary tendencies of hard money and instead can increase money supply at a rate the technocrat PhDs at the fed determine.p to be optimal. This approach has its root in the hard money 1929-32 depression and the subsequent Bretton woods accord whereby Keynes and Harry Dexter White, 2 socialist/communists, made sure we didn’t let The barbarous relic impede their join of NWO-style progress.

 

When you have an unanchored currency with weak prohibition on over-issuance (over lending for commercial banks), you will ultimately get a) too much debt in relation to GDP, or b) inflation.

 

We’ve got a) today and it is only the very low levels of interest rates thst have kept the debt-burdened system afloat. But now the only way out is default or inflation, and we will get inflation.

 

Gold currency would not have any of this dynamic as overissusnce/overlending is checked by the ability to convert cash into specie which is limited in volume.

 

The flaw