US to Gold Standard

Discussion in 'Financial Cents' started by Ganado, Mar 28, 2018.


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  1. Ganado

    Ganado Monkey+++


     
  2. Witch Doctor 01

    Witch Doctor 01 Mojo Maker

    More importantly think about how this could be used to drop our debt... set the gold standard a one ounce = $100,000.00... the dollar wouldn't buy as much but we could get rid of several trillion dollars in debt in a hurry....
     
    Motomom34, Gator 45/70 and Ganado like this.
  3. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Kinda hard to fight endless wars on the gold standard.
     
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  4. TnAndy

    TnAndy Senior Member Founding Member

    Here's a short article arguing:
    The federal government should default on its debt
    The federal government should default on its debt
    Guy says the feds should:

    The Treasury would peg the dollar to gold, oil Opens a New Window. , natural gas or silver -- or perhaps a basket of those commodities. By choosing a weak valuation, for instance, $10,000 per ounce of gold, compared to the current market price of roughly $1,290 per ounce, much of the debt could be paid down thanks to a much weaker dollar.
     
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  5. Cruisin Sloth

    Cruisin Sloth Special & Slow



    This MIGHT HURT !!
    Start at 26M
    sloth
     
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  6. Cruisin Sloth

    Cruisin Sloth Special & Slow



    start at 13 min
    eyes
     
  7. DKR

    DKR Raconteur of the first stripe

    Paper money vs gold.

    Paper money in Venezuela
    [​IMG]
    now seen as worthless.....
     
  8. TnAndy

    TnAndy Senior Member Founding Member

    Must not get cold there. Weimar Germany, they used paper cash for fuel at the end.....cheaper than coal.

    [​IMG]
     
  9. Merkun

    Merkun furious dreamer

    10000 reichmarks for a loaf of bread. Yep, it happened. This looks worse.
     
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  10. DKR

    DKR Raconteur of the first stripe

    [​IMG]

    This stack of 14,600,000 bolivars, or about $2.22 U.S., would buy this chicken at a mini-market in Catia, a low-income neighborhood of Caracas on Aug. 16.
     
  11. Cruisin Sloth

    Cruisin Sloth Special & Slow

    The cost of the paper and printing the fiat costs more than 2.50 usd ..
    Wow , were almost there.
    S
     
  12. TnAndy

    TnAndy Senior Member Founding Member

    The history of ALL paper fiat is the same.....they don't last. Imagine the number of folks today slaving away to fund their 401k/etc thinking it will be something 30-40 years down the road. Staring at an impossible amount of national debt to repay, the only solution is inflation.....and on a much higher scale than the current 2-5%.

    Let's say inflation JUST doubles to 10% year average in that period...it means the value of your savings gets cut in half every 7 years. You're mid 30's, plan to retire in 30 years with million bucks....except the value is cut in half 4 times........how long will $62,500 in today's purchasing power last you over the course of your retirement years ?
     
  13. Brokor

    Brokor Live Free or Cry Moderator Site Supporter+++ Founding Member

    The collapse happens when the money masters decide it happens, and only then.
     
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  14. Ganado

    Ganado Monkey+++

    A year later this bill is still on teh books sitting in sub committee. Our gubermint at work
     
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  15. Brokor

    Brokor Live Free or Cry Moderator Site Supporter+++ Founding Member

    I like how your mind is telling you this is somehow related to the economic turbulence we're experiencing.
    Smart lady. ;)
     
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