LB
Q wants to know if we are learning to research and think for ourselves or if we are going to depend on him for all the answers. Anons badly failed the Q & A stress test.
Is POTUS saying that the world is now on the Gold Standard?
kek. Ain't no fun when the rabbit got tha gun.
The Gold Standard has nothing to do with the continued existence of the Central Banking system.
Not necessarily. Even so, the Gold Standard is nothing. We want our dollars to be gold certificates- i.e., backed by gold.
Yes, but gold-backed currency has nothing to do with the "Gold Standard." The Gold Standard uses the value of gold to place an arbitrary value on the intrinsically worthless currency.
I'm sure it will be both. There will most likely be silver, copper, bronze, and even steel backing the currency.
Hey anons, you guys really need to learn the difference between sound currency (gold-backed dollars) and the Gold Standard. The Gold Standard is like nothing; it's a fucking joke - smoke and mirrors.
Ok. Very interesting. You definitely don't have brain damage. My point is that gold does have (and always has had) value irrespective of what fiat-currency 'value' is placed on it.
That is consistent with my comment. If we had the gold, we could control what value in dollars we place on a given amount of that gold. Since we don't have the gold, someone else will assign the dollar value to that amount of gold. None of this has anything to do with sound currency or gold-backed dollars/gold certificates. It is just an arbitrary way to assign a value to the dollar.
Thanks. You are like the special kid in the class that helps the teacher review and clarify everything to the rest of the normal kids. Thanks for the help.
No, that is not right. Indeed, we had the Gold Standard for the first 60 years of the Federal Reserve. The Gold Standard does not mean that the dollar is backed by gold.
No, the biggest reason gold has always had intrinsic value is that is difficult but worthwhile to mine. If people hoard gold that is the same as building wealth. It also means that ambitious individuals will always seek to extract gold from the earth.
Interest when coupled with the fiat currency was designed to back the dollar with our labor and intellectual property. That actually makes us, in one form or another, slaves.
I can tell you don't live in Montana. kek You seriously think there is only so much gold to go around. LMFAO You are just a quasi-intellectual. That means your are full of shit.
I agree with that. We are getting into semantics. What we called the Gold Standard is smoke and mirrors. If Gold Standard means gold-backed currency, then yes, you can say we had a pretend Gold Standard.