Gold & Silver is Money...Really.

[Steal]

Thought this a cool video. (subtitles)

http://www.youtube.com/watch?v=Wkb_ykilflU

[Ponce]

Thank you Steal..........you have the "honor" of getting my only second thank you that I have given out.

This is a very simple video that EVERYONE should see in order to understan what real money is and something that even the bankers should see.

The only problem that I see with this is that those with money will be buying all those gold and silver coins and will keep them away from circulating therefore "reversing" the intended reason for the circulation of real money.........only so much silver and gold coins can be produced but the paper money to buy them with can be made for ever.

[palani]

The only problem that I see with this is that those with money will be buying all those gold and silver coins and will keep them away from circulating therefore "reversing" the intended reason for the circulation of real money.

If markets were to work as intended very little coinage would be necessary. Rather than looking to your nations balance of trade look to your own. If you produce as much as you consume then there are only minor differences between your credit column and your debit column. Differences in your favor mean you would collect the difference in coin. Differences in favor of your trading partner would mean you would pay the difference to him in coin to balance the trade.

Instead if you believe that you must hold onto enough coinage to purchase everything then there is not enough metal on the face of the earth to fill everyones need. Which model you use is going to determine your success or failure.

[Steal]

Yeah, I liked his saying if you buy a goat you want another asset/comodity in exchange, not worthless paper.

[cpy911]

Wait, this is being brought to us by scary Muslims who are determined to destroy us! It can't be good then. I am going to go back to watching CNN now.
:sarc:

[JohnQPublic]

The only problem that I see with this is that those with money will be buying all those gold and silver coins and will keep them away from circulating therefore "reversing" the intended reason for the circulation of real money.

If markets were to work as intended very little coinage would be necessary. Rather than looking to your nations balance of trade look to your own. If you produce as much as you consume then there are only minor differences between your credit column and your debit column. Differences in your favor mean you would collect the difference in coin. Differences in favor of your trading partner would mean you would pay the difference to him in coin to balance the trade.

Instead if you believe that you must hold onto enough coinage to purchase everything then there is not enough metal on the face of the earth to fill everyones need. Which model you use is going to determine your success or failure.


See this article by Fekete (http://gold-silver.us/forum/gold-silver-precious-metals/real-bills-revisited-(fekete)/). It expalins how this was handled (at least partially) in past times. Times like 1903 where the silver and gold output per capita were the same as they are today, yet they managed to base money on silver and gold. See my article What do Silver and Gold Buy (http://www.gold-silver.us/what_silver_gold_buys.html)?

[Luis337]

good video. thanks for sharing

[Twisted Titan]

Mark 4:13

PAPER MONEY IS A DECEPTION............IT IS A MEANS TO ROB OF US OF OUR POSSESIONS


This is why America will fall......All because we fail to grasp this simple concept

[illumin19]

Cool vid.

Wealth has always been livestock (goats, sheep etc.), land, and gold/silver in the Torah to the Qur'an.......all given by God from the earth and appear naturally and do not have to be altered in any way by man to make it appear as something valuable.

[palani]

See this article by Fekete (http://gold-silver.us/forum/gold-silver-precious-metals/real-bills-revisited-(fekete)/). It expalins how this was handled (at least partially) in past times. Times like 1903 where the silver and gold output per capita were the same as they are today, yet they managed to base money on silver and gold. See my article What do Silver and Gold Buy (http://www.gold-silver.us/what_silver_gold_buys.html)?

Thank you for the link. I had not considered the WWI effect (other than the debt nations incurred while fighting this war).

The purpose of fiat money in this era would seem to be to permit government to gain a share of each transaction. They did not have this ability when barter and trade were in vogue. These governments now have an order of magnitude control over private life that did not exist a century ago.

[Serpo]

Great vid,

Part of the way through a guy is trying to eat dinner while talking about the dinar and the dirham

[TheNocturnalEgyptian]

Wait, this is being brought to us by scary Muslims who are determined to destroy us! It can't be good then. I am going to go back to watching CNN now.
:sarc:


Good point. The islamic banking system (forbids usury) is one of the reasons we are politically opposed to the muslim faith at the highest levels.