President Trump: Replace The Dollar With Gold As The Global Currency To Make America

[Cebu_4_2]

President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again
https://www.forbes.com/sites/ralphbenko/2017/02/25/president-trump-replace-the-dollar-with-gold-as-the-global-currency-to-make-america-great-again/?fbclid=IwAR3eyDn6APVFscDTOQckaei12_vCwC-aS6Z83QFAe1kS7FnJSHdQ4fD64Lw#6cf6e84c4d54

Inside President Trump’s otherwise “standard Trump stump speech” at CPAC was nestled what might be a most intriguing observation:

Global cooperation, dealing with other countries, getting along with other countries is good, it’s very important. But there is no such thing as a global anthem, a global currency or a global flag. This is the United States of America that I’m representing.

There's a keen insight in there that could, just maybe, transform our lives, America, and the world. No "global currency?" Was this, with the poetic observation that “there is no such thing as a global anthem…or a global flag,” just a trope? Or could it contain a political portent with potential high impact on world financial markets? Let’s drill down.

As it happens, there is a global currency.

It’s called the "U.S. dollar.”

Most international trade is priced in dollars. The Bretton Woods international monetary system invested the dollar, which then was defined as and (internationally) was legally convertible to gold at $35/oz, with global currency status. France’s then-finance minister, later its president, Valéry Giscard d'Estaing, called the “reserve currency” status of the dollar -- its status, along with gold, as global currency -- an “exorbitant privilege.”

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By this d'Estaing was alluding to the fact, as summarized at Wikipedia, that "As American economist Barry Eichengreen summarized: 'It costs only a few cents for the Bureau of Engraving and Printing to produce a $100 bill, but other countries had to pony up $100 of actual goods in order to obtain one.'" That privilege, which made great sense during the period immediately after World War II, became a curse.

In 1971 President Nixon, under the influence of his Svengali-like Treasury Secretary John Connally, "suspend[ed] temporarily the convertibility of the dollar into gold." That closure proved durable instead of temporary. The dollar became, and remains, the world's global currency.

What had been an “exorbitant privilege” devolved into an exorbitant liability. As my former professional colleague John D. Mueller, of the Ethics and Public Policy Center, formerly Rep. Jack Kemp's chief economist, writing in the Wall Street Journal in Trump's Real Trade Problem Is Money recently and astutely observed:

a monetary system based on a reserve currency is unsustainable, since foreign official dollar reserves (for example) are acquired and must be repaid in goods. In other words, the increase in official dollar reserves equals the net exports of the rest of the world, which means it must also equal U.S. international payments deficits—an unsustainable situation.

In other words, if President Trump wishes to address America’s merchandise trade deficit (balanced to perfection, of course, by a capital accounts surplus) he will find that allowing the dollar to be used as the global currency is the real snake in the economic woodpile. The dollar’s burden as the international reserve currency, not currency manipulation by our trading partners or bad treaties, is the true villain in the ongoing melodrama of crummy job creation.

Mueller’s Wall Street Journal column enumerates the three options open to President Trump:

First, muddle along under the current “dollar standard,” a position supported by resigned foreigners and some nostalgic Americans—among them Bryan Riley and William Wilson at the Heritage Foundation, and James Pethokoukis at the American Enterprise Institute.

Second, turn the International Monetary Fund into a world central bank issuing paper (e.g., special drawing rights) reserves—as proposed in 1943 by Keynes, since the 1960s by Robert A. Mundell, and in 2009 by Zhou Xiaochuan, governor of the People’s Bank of China. Drawbacks: This kind of standard is highly political and the allocation of special drawing rights essentially arbitrary, since the IMF produces no goods.

Third, adopt a modernized international gold standard, as proposed in the 1960s by Rueff and in 1984 by his protégé Lewis E. Lehrman …and then-Rep. Jack Kemp.

To “muddle along” would, of course, be entirely antithetical to Trump’s promise to Make America Great Again. It would destroy his crucial commitment to get the economy growing at 3%+ -- vastly faster than it has for the past 17 years -- which also happens to be the recipe for robust job creation and upward income mobility for workers. It also is the essential ingredient for balancing the federal budget while rebuilding our infrastructure and military.

To turn the IMF into a world central bank would, of course, be anathema to Trump’s economic nationalism. To subordinate the dollar to the IMF’s SDR would be equivalent to lowering Old Glory and replacing the American flag with the flag of the United Nations on every flagpole in America. Unthinkable under a Trump administration.

That leaves the third option, to “adopt a modernized international gold standard, as proposed in the 1960s by Rueff and in 1984 by his protégé Lewis E. Lehrman … and then-Rep. Jack Kemp” (whose eponymous foundation I advise). To this one should add, as Forbes.com contributor Nathan Lewis has shrewdly observed, the removal of tax and regulatory barriers to the use of gold as currency.

As I have repeatedly observed Donald Trump shows a strong affinity for gold. He has also shown a keen intuitive grasp of how the gold standard was crucial to having made America great:

Donald Trump: “We used to have a very, very solid country because it was based on a gold standard,” he told WMUR television in New Hampshire in March last year. But he said it would be tough to bring it back because “we don’t have the gold. Other places have the gold.”

Trump’s comment to GQ: "Bringing back the gold standard would be very hard to do, but boy, would it be wonderful. We’d have a standard on which to base our money."

Trump has been misled to believe that “we don’t have the gold. Other places have the gold.” In fact, the United States, Germany, and the IMF together have about as much gold as the rest of the world combined and America has well more than Germany and the IMF combined. [Note: This column has been updated to clarify that the United States has well more gold than Germany and the IMF combined but not, as originally stated, more than twice as much.]

We have the gold. Bringing back the gold standard would not be very hard to do.

Trump's politically unique intuition that “We used to have a very, very solid country because it was based on a gold standard” is no trivial matter. It is true. And as I have written elsewhere:

Marc Levinson writing recently in The Wall Street Journal provides a very pessimistic view for the American Dream, “Why the Economy Doesn’t Roar Anymore: The long boom after World War II left Americans with unrealistic expectations, but there’s no going back to that unusual Golden Age" [He wrote:]

"People who had thought themselves condemned to be sharecroppers in the Alabama Cotton Belt or day laborers in the boot heel of Italy found opportunities they could never have imagined. The French called this period les trente glorieuses, the 30 glorious years. Germans spoke of the Wirtschaftswunder, the economic miracle, while the Japanese, more modestly, referred to “the era of high economic growth.” In the English-speaking countries, it has more commonly been called the Golden Age.

[…]

"The Golden Age was the first sustained period of economic growth in most countries since the 1920s. But it was built on far more than just pent-up demand and the stimulus of the postwar baby boom. Unprecedented productivity growth around the world made the Golden Age possible. In the 25 years that ended in 1973, the amount produced in an hour of work roughly doubled in the U.S. and Canada, tripled in Europe and quintupled in Japan.

[…]

"Ever since the Golden Age vanished amid the gasoline lines of 1973, political leaders in every wealthy country have insisted that the right policies will bring back those heady days. Voters who have been trained to expect that their leaders can deliver something more than ordinary are likely to find reality disappointing."

Levinson, whose column uses “Golden Age” as its leitmotif, strangely fails to make the connection between, or even explore, the fact that the era he calls the Golden Age correlated precisely with America (and the world) being on a form of gold standard, particularly the modified gold standard known as the Bretton Woods System. (Bretton Woods had the inherent flaw of using the dollar as an international reserve asset but, until that flaw undermined it, it served equitable prosperity.)

What would be the outcome of Trump's following his instincts and going for the gold?

Prosperity, that's what.

Former Fed Chairman Alan Greenspan just provided a barely noticed Big Reveal. In an interview with the World Gold Council’s Gold Investor Chairman Greenspan, stating “I view gold as the primary global currency,” went on to explicitly reveal, for the first time to my knowledge, that “When I was Chair of the Federal Reserve I used to testify before US Congressman Ron Paul, who was a very strong advocate of gold. We had some interesting discussions. I told him that US monetary policy tried to follow signals that a gold standard would have created. [Emphasis supplied.]


The period of "following signals that a gold standard would have created," called the Great Moderation under President Clinton, was one of the most equitably prosperous in modern American history. That era saw the creation of over 20 million jobs. Robust growth converted the federal deficit into a surplus. It was, if only virtually rather than institutionally, a golden age.

After the Fed abandoned its Great Moderation America experienced almost no net job creation under President George W. Bush and very mediocre job creation under President Obama. Sad!

I want the American Dream back. We all do, very much including President Trump.

How might President Trump go about turning this around? He has a unique opening to forcefully pivot America toward epic prosperity.

As Paul-Martin Foss of the Menger Center astutely points out the Federal Reserve Board currently has three vacancies. If Trump were to fill those vacancies with three sophisticated gold standard advocates from the short list of Lewis E. Lehrman (whose eponymous Institute I formerly served), Dr. Judy Shelton (who served as an advisor on his presidential economic transition team), former presidential candidate Steve Forbes, and John Allison, former CEO of BB&T (preferably as vice chairman for regulation) the president would create a super “beachhead team” at the Fed to seriously restore equitable prosperity.

These appointments would be the safe and sure first steps out of economic stagnation for America. Couple these with a White House “Team B” to plan the enactment of the Jack Kemp Gold Standard Act and removal of the regulatory and tax barriers to using gold as currency. Then watch an American economic miracle take place.

Mr. President: “No such thing as a global currency?” The dollar is the global currency. Want prosperity? Heed Chairman Greenspan and do not just view but restore "gold as the primary global currency.” President Trump: replace the dollar with gold as the global currency to make America great again. We have the gold.

[madfranks]

There is no way to do this without balancing the budget and stopping the trillions of $$ annual borrowing. If the dollar were suddenly made gold, how do you borrow trillions of $$ worth of gold, per year? You can't, which is why Nixon broke the gold standard in '71 in the first place. So, unless Congress plays along and cuts a couple trillion out of the annual budget from now on, this will never happen. Which means, this will never happen.

[mamboni]

President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again


Former Fed Chairman Alan Greenspan just provided a barely noticed Big Reveal. In an interview with the World Gold Council’s Gold Investor Chairman Greenspan, stating “I view gold as the primary global currency,” went on to explicitly reveal, for the first time to my knowledge, that “When I was Chair of the Federal Reserve I used to testify before US Congressman Ron Paul, who was a very strong advocate of gold. We had some interesting discussions. I told him that US monetary policy tried to follow signals that a gold standard would have created. [Emphasis supplied.]



Which begs the question: why not just adopt a gold standard for the dollar and be done with the matter? The answer is obvious: Greenspan and the rest of these Godless Jew bankers wanted a corrupt system where money could be legally counterfeited at will to line their pockets and their fellow criminal billionaires-to-be whilst fleecing the people of their honest labors.

This corrupt system has allowed the FED to furtively create (counterfeit) untold $trillions off the balance sheets and funnel this money into private hands and to pump up markets. All of this to create the illusion of prosperity: an insanely overvalued stock market having no connection to then real on-the-street economy while millions subsist of crumbs. How else could there be individuals, the 0.01%, each worth $billions (thousands of $millions) while the vast majority of folk have no net worth and struggle to just feed and shelter themselves? The people are sucked of their meager wealth by the rentier class, insurance companies, brokerage houses, governments and sundry private/public entities, by endless taxes and fees and premia and interest payments. The entire system is a scam and a racket. Working hard and saving to get ahead is a sad joke. Not until this corrupt racket called central banking is dismantled, scattered to the four winds and its satanic perpetrators imprisoned and executed will there be any hope of restoring the rule of law and a just fair society. Make no mistake, these bankers are ultimately responsible for the destruction of millions of innocents, through wars and financial oppression causing untold suicides and destroyed lives.

[mamboni]

There is no way to do this without balancing the budget and stopping the trillions of $$ annual borrowing. If the dollar were suddenly made gold, how do you borrow trillions of $$ worth of gold, per year? You can't, which is why Nixon broke the gold standard in '71 in the first place. So, unless Congress plays along and cuts a couple trillion out of the annual budget from now on, this will never happen. Which means, this will never happen.The Congress and president have the power to cancel the national debt and redeem the notes outstanding with constitutional money. The rest is just a number crunching exercises. The disruption to the economy would be temporary. The people could be made whole. The billionaires would be stripped of their ill-gotten wealth which would be redistributed to the people. This is not socialism - this is fairness! Assets would be repriced appropriately per the conversion. And interest would find their free market values. The government would balance its budget because monetary reality and gold would force balance upon them. Better to pull the bandaid off and get on with the healing then persist in this interminable slow economic decay.

[ziero0]

There is no way to do this without balancing the budget and stopping the trillions of $$ annual borrowing.
You have to review history. This has been done at least once before in U.S. history with no (apparent) problems. This last statement is no doubt false because the problems are what we are complaining about today.

The solution lies in the Expatriation Act (an act to protect Americans in foreign states) which was enacted the evening before the XIV amendment became our present reality.

[madfranks]

The Congress and president have the power to cancel the national debt and redeem the notes outstanding with constitutional money. The rest is just a number crunching exercises. The disruption to the economy would be temporary. The people could be made whole. The billionaires would be stripped of their ill-gotten wealth which would be redistributed to the people. This is not socialism - this is fairness! Assets would be repriced appropriately per the conversion. And interest would find their free market values. The government would balance its budget because monetary reality and gold would force balance upon them. Better to pull the bandaid off and get on with the healing then persist in this interminable slow economic decay.Yes, it would be temporary, but it would be devastating nonetheless. Redeeming outstanding notes with constitutional fiat (i.e. United States notes instead of FRN) would be massively inflationary, hurting those at the bottom trying to survive. Many would die. The disruption would eventually sort out and balance through free-market mechanics, but it would be painful, too painful for any politician to actually propose, let alone initiate. Nobody today has the guts of Andrew Jackson, who proclaimed that killing the bank would ruin ten thousand families ("but that is your sin"), but letting it live would hurt ten thousand more ("which would be my sin").

[monty]

Yes, it would be temporary, but it would be devastating nonetheless. Redeeming outstanding notes with constitutional fiat (i.e. United States notes instead of FRN) would be massively inflationary, hurting those at the bottom trying to survive. Many would die. The disruption would eventually sort out and balance through free-market mechanics, but it would be painful, too painful for any politician to actually propose, let alone initiate. Nobody today has the guts of Andrew Jackson, who proclaimed that killing the bank would ruin ten thousand families ("but that is your sin"), but letting it live would hurt ten thousand more ("which would be my sin").


The individual states can, without the consent of Congress, implement gold and siver as money. This can be done without ending the FED and creating the chaos that redeeming the outstanding notes would cause. Instead it would give the people the option to use the newly created gold and silver or continue using FRNs. As people gradually switch from FRNs to Constitutional Money the FED would fade away, broke. The chances of electing people to the legislature who will pass this type of a bill probably not much better than to get Congress to make gold and silver coin legal tender.

http://constitutionalmilitia.org/cm_uploads/Gold_Money_Bill.pdf

[Neuro]

The Congress and president have the power to cancel the national debt and redeem the notes outstanding with constitutional money. The rest is just a number crunching exercises. The disruption to the economy would be temporary. The people could be made whole. The billionaires would be stripped of their ill-gotten wealth which would be redistributed to the people. This is not socialism - this is fairness! Assets would be repriced appropriately per the conversion. And interest would find their free market values. The government would balance its budget because monetary reality and gold would force balance upon them. Better to pull the bandaid off and get on with the healing then persist in this interminable slow economic decay.

Yes! I think it can be done. Fiat in itself is nothing but a legal fiction. You can do away with it overnight, because it was never there to begin with apart from in people’s minds, which was what gives it its value. The fiat revolution has only benefitted the bankers and their buddies the 0.001%.

[Ares]

The individual states can, without the consent of Congress, implement gold and siver as money. This can be done without ending the FED and creating the chaos that redeeming the outstanding notes would cause. Instead it would give the people the option to use the newly created gold and silver or continue using FRNs. As people gradually switch from FRNs to Constitutional Money the FED would fade away, broke. The chances of electing people to the legislature who will pass this type of a bill probably not much better than to get Congress to make gold and silver coin legal tender.

http://constitutionalmilitia.org/cm_uploads/Gold_Money_Bill.pdf

Some states have if I remember correctly, but then you're still butting up against Grishams law. Yeah the state will take Gold / Silver for payment, but why would I give them a very valuable currency when they'll take worthless fiat?

[madfranks]

Some states have if I remember correctly, but then you're still butting up against Grishams law. Yeah the state will take Gold / Silver for payment, but why would I give them a very valuable currency when they'll take worthless fiat?

That's exactly what I was going to say. And some states have already done this. For example, Utah eliminated all taxes associated with trading gold & silver, and even went so far as to declare them lawful money in the state. But since that time, how many people do you see actually using their gold and silver for money, when they can just as easily use fiat FRN? If I have a handful of silver rounds in one hand and a handful of FRN in the other, which am I going to spend, and which am I going to keep?

[madfranks]

Another thought just occurred to me, which is that we already have a case study on what happens when both silver and fiat are competing in an economy for use as money. Pre 1965, the half dollar coin was used just as widely as any other US coin (quarter, dime, nickel, etc.). The coinage act of 1965 made all coins essentially fiat as their value was no longer in their silver content, but what the face value said. The half dollar was the only circulating coin minted after 1964 that still had silver in it. In 1965 clad coinage began to be introduced into an established economy where literal tons upon tons of silver coins were already in established use. What happened to all the silver coins? People kept them and spent the clad coins instead. 1965-1969 was so hard on the half dollar, because nobody would spend a half dollar, they'd spend two clad quarters or five clad dimes and keep the silver half. The incentive to hoard the silver half dollar is what ultimately killed it as a circulating coin, which is why you almost never see anyone spending them today. When people have the option to spend silver or clad, we already know what's going to happen.

[ziero0]

There never has been sufficient gold or silver to fund a nation's economic system. Perhaps that is why in order to extinguish a contract the common law form is 'one dollar and other valuable considerations'. The one dollar needs to be in substance (gold or silver) while the ovc can be eggs, butter, milk cows or fiat paper.

A contract that is not extinguished is merely discharged. This is what you get when you attempt to pay solely in fiat money. Extinguish means as if the contract never existed. Discharged means there is still something that can be charged in a court of law.

[Horn]

to make America great again. We have the gold.

If gold were $15k and SILVER $1k an oz. maybe,

But humans don't consider themselves materialistically valuable enough for that. (even though they tend to pay health insurance fees equivalent to it)

This is all evident by how Forbes tends to forget mentioning Silver at all or how Trump states that there is no global currency.


https://www.youtube.com/watch?v=HeTkT5-w5RA

[singular_me]

Good standard overnight would mean world crash....

Only Nature defines human consumption. Nature will feed everybody but not greed. That's why greed is a capital sin. If production and consumption evolve in sync with Nature nobody can get wealthy nobody can make profits.

When understanding that, a money-free society is the only way to fix society

[ziero0]

a money-free society is the only way to fix society
That would fix you but society would go on.

[Ares]

When understanding that, a money-free society is the only way to fix society

LOL Yeah sure it will. :rolleyes:

Go start a commune on a micro scale and work together without money then as it grows start attempting to add in the necessities of modern life. Let me know who volunteers to go miles underground for coal for power, or the rare earth materials needed for your electronics.

I'll wait while you'll not find a single volunteer to risk their life for the "better good". Better yet, will you inspect a high voltage line for free?


https://www.youtube.com/watch?v=oBJyyEAw-6g

Link: https://www.youtube.com/watch?v=oBJyyEAw-6g

Go on, tell this man he should not concern himself with the high paying incentive to perform this extremely dangerous yet necessary task and should do this for the common good......

:rolleyes:

[monty]

Suppose my state enacts a statute similar to the proposed New Hampshire bill. I decide to convert my monthly Social Security payment to PMs and deposit in the state’s depository. I pay my bills and purchases from the PMs using the FRN option. The amount of PMs I have on deposit fluctuates according to the deposits and and purchases related to the market price of PMs. In the event of the impending Venezuela style inflation on the horizon I still have my balance on deposit in the state bullion depository valued at the market price. The FRNs in a commercial bank account suddenly become toilet paper but my PMs have retained their value. In this scenario Gresham's law works in my favor.

edit:yes, the poloiticos will do everything in their power to steal it.

[ziero0]

Suppose my state ... to convert my monthly Social Security payment ... I pay my bills ...I still have my balance on deposit in the state bullion ... my PMs have retained their value. ...works in my favor.

Suppose your concept of 'my' (my state?) expands to include the state? And you expand 'state' to include all 50 states, the District of Columbia and multiple territories that are not states? If you do this then you will find that your system is already in place and you can replace all your "my" with "our" and you are talking a trust structure.

[Neuro]

Suppose your concept of 'my' (my state?) expands to include the state? And you expand 'state' to include all 50 states, the District of Columbia and multiple territories that are not states? If you do this then you will find that your system is already in place and you can replace all your "my" with "our" and you are talking a trust structure.
Why would he do that? It changes his concept into a totally different concept he doesn’t support...

[ziero0]

Why would he do that?
Entropy? Chaos theory? Universal fellowship? Shits & giggles? Economics? To support Pelosi?

[Horn]

That would fix you but Pennyless society would go on.

Fixed for U forgot pennyless.

Which was always already the ziero0 case, that he currently lives in a moneyfree society.

[Hitch]

There never has been sufficient gold or silver to fund a nation's economic system.

Great discussion, and this ^^ is the crux.

In order to have a stable currency, that currency must grow at the rate of the population of the nation, and that nation's economic system. Gold and silver, can not do that. We are one nation in a world that thrives on debt. A gold backed dollar, as much as I'd like to see it happen...just puts us in the first chair as the music stops. It's the "Trump Card", but maybe that's what is needed to end the game of musical chairs anyway. Just have plenty of food, water, and bullets. Life is good, and simple.

[madfranks]

Great discussion, and this ^^ is the crux.

In order to have a stable currency, that currency must grow at the rate of the population of the nation, and that nation's economic system. Gold and silver, can not do that. We are one nation in a world that thrives on debt. A gold backed dollar, as much as I'd like to see it happen...just puts us in the first chair as the music stops. It's the "Trump Card", but maybe that's what is needed to end the game of musical chairs anyway. Just have plenty of food, water, and bullets. Life is good, and simple.

Or, the money gets more valuable over time, rewarding savers. If the economy grows and money remains fixed, that's like the opposite of inflation, where your money will be worth more in 10, 20, 50 years than it will today. That's how it's supposed to work in a growing economy, that your dollar buys you more.

[Ares]

Or, the money gets more valuable over time, rewarding savers. If the economy grows and money remains fixed, that's like the opposite of inflation, where your money will be worth more in 10, 20, 50 years than it will today. That's how it's supposed to work in a growing economy, that your dollar buys you more.

I like to think of it as a con game that was instituted. Why do bankers and politicians hate deflation? It rewards savers, why do they like inflation? It rewards them and their friends with first dibs on newly printed money.

Inflation works against the people

Deflation indirectly works for the people but only for a time, deflation can wreck havoc on an economy if not managed, but so can Inflation. The only factors with inflation appears to be time and trust.

[singular_me]

This is untrue and even disinfo... decimals can do the job but fiat money is more luctative


There never has been sufficient gold or silver to fund a nation's economic system. Perhaps that is why in order to extinguish a contract the common law form is 'one dollar and other valuable considerations'. The one dollar needs to be in substance (gold or silver) while the ovc can be eggs, butter, milk cows or fiat paper.

A contract that is not extinguished is merely discharged. This is what you get when you attempt to pay solely in fiat money. Extinguish means as if the contract never existed. Discharged means there is still something that can be charged in a court of law.

[singular_me]

The new world order is here to stay then.

[ziero0]

fiat money is more luctative
I suppose it could be if we were allowed to make up our own words.

[midnight rambler]

This is untrue and even disinfo... decimals can do the job but fiat money is more luctative

Exactly what are you referring to as "untrue and even disinfo"??

[midnight rambler]

I suppose it could be if we were allowed to make up our own words.

I'm allowed to make up my own words onthefly, I authorizemyself.

[singular_me]

Hello ... you cannot win this because you quote me selectively: I also said nature will not cooperate with greed and that is why we are destroying the planet now. Greed stalls more knowledge than it promotes it, because power always tries to control the flow if knowledge. In a such advanced society there wouldn't be physically dangerous jobs as the one you show here in your post.

Many have a problem with the fact that earth will not produce more than what is required to sustain evet y man and not cooperate with greed, because masses are under this wealth effect hypnosis. its a natural law. God has make sure that nobody would be able to take over and this one is against God.

The Bible is double talking because on one hand it says Gold, and then on the other hand it blasts greed but the Bible has been drafted by people in the know, who know that the material world is an illusion.... we are born naked and one dies naked.

But more rationally automation we will teach us that the very hard way, I guess.

Living in a commune does not help because the problems are exponential and one cannot escape one personal responsibility. Individualism is another hoax I'm afraid

https://www.foxnews.com/us/trump-threatens-to-call-us-military-to-close-southern-border-as-4000-strong-migrant-caravan-pushes-north[/url



LOL Yeah sure it will. :rolleyes:

Go start a commune on a micro scale and work together without money then as it grows start attempting to add in the necessities of modern life. Let me know who volunteers to go miles underground for coal for power, or the rare earth materials needed for your electronics.

I'll wait while you'll not find a single volunteer to risk their life for the "better good". Better yet, will you inspect a high voltage line for free?


https://www.youtube.com/watch?v=oBJyyEAw-6g

Link: [url]https://www.youtube.com/watch?v=oBJyyEAw-6g

Go on, tell this man he should not concern himself with the high paying incentive to perform this extremely dangerous yet necessary task and should do this for the common good......

:rolleyes:

[Ares]

Hello ... you cannot win this because you quote me selectively: I also said nature will not cooperate with greed and that is why we are destroying the planet now. Greed stalls more knowledge than it promotes it, because power always tries to the flow if knowledge. In a such advanced society there wouldn't be physically dangerous jobs as the one you show here in your post.

:rolleyes: I quoted the part that is absolute garbage and whenever pressed for any sort of knowledge or ability to actually form a working functional society without a medium of exchange always results in you diverting the question and never answering it. I've seen you spend literally pages to say absolutely nothing. Why should this be any different?


Many have a problem with the fact that earth will not produce more than what is required to sustain evet y man and not cooperate with greed, because masses are under this wealth effect hypnosis. its a natural law. God has make sure that nobody would be able to take over and this one is against God.

No problem at all, but it requires resources to extract resources. You enjoy modern life do you not? You use a computer, cell phone, internet etc. That requires enormous resources both machinery, man, supply chains etc. How do you form any of that without a medium of exchange to incentivize ingenuity to weed out inefficiencies? Can you show what law that man has broken by using a medium of exchange? Greed is a sin I agree, and one that would be rooted out in a truly free market economy which we are not. But even in your bullshit delusional non-existent and not-possible society there would be greed. Greed of resources from those who have from those who have not. Like it or not this is the reality for which we live. You will not escape it in this life time, or even the next 1000 lifetimes, because that is this life. You produce nothing yet bitch at those who do and expect others to do for free what you cannot and will not do. Sounds a little hypocritical does it not? Yet you probably wonder why absolutely no one here takes you seriously. Well look in the mirror and do a little self reflection and re-evaluate because you aren't going to change society or human civilization. You better understand that paradigm or you're going to be miserable for the remainder of your time on this earth.


The Bible is double talking because on one hand it says Gold, and then on the other hand it blasts greed but the Bible has been drafted by people in the know, who know that the material world is an illusion.... we are born naked and one dies naked.

The Bible is nothing more than a control mechanism. It speaks truth and mixes in lies. Sound familiar? If the bible is the word of God, he would not need a 1st edition (Old testament) and 2nd Edition (New testament.) to give you his word. Nor would god require it being translated into multiple languages as it being the word of God would of provided a Bible in every language from inception even for languages that did not exist at that time as he knows all because he is all. That fact alone should clue you in that the Bible was written and translated by man with his inherit bias, prejudices and greed. Not very many people die naked, we have clothes and usually die in something. This is your typical response when pressured to provide an answer for which I'm sure deep down you know are not able to answer truthfully because it would show how false your world view is.


But more rationally automation we will teach us that the very hard way, I guess.

Another non-answer and typical diversion of attempting to justify your ridiculous assumptions.


Living in a commune does not help because the problems are exponential and one cannot escape one personal responsibility. Individualism is another hoax I'm afraid

Individualism is the epitome of self identity. You failed at both (collectivism and individualism) now write off individualism as well as individuality in the same breath because you couldn't figure out a way to take personal responsibility. Does that sound about right? You wreak of failure when it comes to trying to express your own individuality and come off as the typical collectivist. Why I made the snide remark about a commune. You can't even make a coherent rebuttal, you denounce communism (collectivism) and remark that individualism is a hoax, so which is it? You can't come up with a straight coherent response if your life depended on it. No wonder you haven't succeeded in the tasks you've taken, you lack the foresight, personal responsibility as well as the inner monologue required to make intelligent decisions. You only have yourself to blame, take some personal responsibility. It'll do wonders for you.

[Horn]

In a such advanced society there wouldn't be physically dangerous jobs

Society would not advance without risk taking.

An example would be the job of promoting a moneyfree society on the internet in the year 2018.

You're liable to turn to dust while typing.

[monty]

Great discussion, and this ^^ is the crux.

In order to have a stable currency, that currency must grow at the rate of the population of the nation, and that nation's economic system. Gold and silver, can not do that. We are one nation in a world that thrives on debt. A gold backed dollar, as much as I'd like to see it happen...just puts us in the first chair as the music stops. It's the "Trump Card", but maybe that's what is needed to end the game of musical chairs anyway. Just have plenty of food, water, and bullets. Life is good, and simple.

Congress shall have Power To coin Money, regulate the Value thereof and of foreign Coin, Article I §8 Clause 4.

The mines in Nevada alone have been producing gold steadily since Nixon lifted the $35.00/T Ounce. Who knows how much by product of silver is produced. Congress can revalue the Dollar from 371 1/4 grains of fine silver to any fraction thereof. The same with gold Eagles.

[monty]

I like to think of it as a con game that was instituted. Why do bankers and politicians hate deflation? It rewards savers, why do they like inflation? It rewards them and their friends with first dibs on newly printed money.

Inflation works against the people

Deflation indirectly works for the people but only for a time, deflation can wreck havoc on an economy if not managed, but so can Inflation. The only factors with inflation appears to be time and trust.



There has never been paper currency issued collateralized by the property of the banking institution or the property of elected officials Dr. Edwin M. Vieira Jr.

[monty]

https://twitter.com/iii_means_free/status/1050741147746934784?s=21

RT @CONSMILITIA: The architect the current U.S. monetary system asserts that through a process of "inflation", government can confiscate the wealth of its citizens, because those citizens are too ignorant to understand how that process works.
https://i.postimg.cc/7YLczKXc/5-C752361-FA93-493-D-AF95-C4-DF764-D6-AB2.jpg

[mamboni]

There never has been sufficient gold or silver to fund a nation's economic system. Perhaps that is why in order to extinguish a contract the common law form is 'one dollar and other valuable considerations'. The one dollar needs to be in substance (gold or silver) while the ovc can be eggs, butter, milk cows or fiat paper.

A contract that is not extinguished is merely discharged. This is what you get when you attempt to pay solely in fiat money. Extinguish means as if the contract never existed. Discharged means there is still something that can be charged in a court of law.Your first statement is false. When gold is appropriately priced to reflect the currencies in circulation and notional asset prices, there is always sufficient gold de facto. Gold is the perfect money on so many levels that only a divine intelligence could have created it and distributed it so perfectly. I could fill a book with gold's attributes vis-a-vis the ideal monetary standard. For example, the gold basis is far superior to that of any other hard asset, including silver, oil, land and tulip bulbs. To understand the importance of the basis I refer you to the excellent writings of Antal Fekete. Gold is universally treasured as a precious rare indestructable fungible hard asset whose value is imputed and imbued by its divine scarcity and labor of acquisition. Gold is produced at a remarkable steady rate that correlates with population growth at 1.5-2.0% (of the basis) per annum. Because of this, the total gold basis is well accounted and documented - we have a very good estimate of above ground stock piles. Price fluctuations secondary to sudden supply gluts do not occur. During America's miraculous century of unprecedented growth, innovation and prosperity, from 1800-1900, prices remained remarkably flat over the long haul, overlaid with 1-2% price deflation, rewarding thrift, raising living standards for the common man and enforcing appropriate interest rates that reflected free market risk and rewards. Bankers have always hated gold because it trumps their larceny and theft through manipulation of the value of money (cycles of artificial inflation and deflation; cycles of blowing and collapsing debt bubbles) and interest rates. A low rate of price deflation engendered by the gold standard rewards savings and capital formation for the creation of real wealth via enterprise and innovation in tangible goods and services. Gold keeps all of us honest and disciplines governments that engage in deficit (stealing from future generations) financing to pay for wars and social welfare, through currency devaluation. I could go on but you get the idea. Now more than ever, on this crowded world with finite resources and the need to husband those resources wisely and equitably, we need gold as money more than ever before.

[ziero0]

When gold is appropriately priced to reflect the currencies in circulation and notional asset prices, there is always sufficient gold de facto.
The problem isn't the price of gold. The problem is the definition of a dollar. After years of reasoning my conclusion is that a dollar is the value of a man's labor from sunrise to sunset. Now you try to value gold using that definition and you end up with confusion because gold is incapable of laboring at all.

Now it so happens that a one dollar gold coin in generations past contained 1/20th oz (m/l) of gold and was stamped ONE DOLLAR. That was to REPRESENT the value of man's labor from sunrise to sunset.

Using your suggestions I would presume you intend to mint a one ounce gold coin and label it $5,000, $10,000 or something along those lines. That single coin would then represent the labor of man from sunrise to sunset for 5,000 days, 10,000 days or the like. In other words that single coin would require 10 years of labor for anyone to actually earn it.

I see nothing wrong with the common law form of contract which requires payment of one dollar and other valuable consideration (say $250,000 FRNs) as long as the one dollar (still representing the value of a man's labor from sunrise to sunset) is in the form of either gold or silver. This maintains an action at Law in the event of a dispute which is not available if your contract is based solely on EQUITY and FRNs. There is no need to lie about the value of a $1 gold coin and it doesn't require so much gold as to be inaccessible to the average man. After all, it only represents one day of his labor.

[mamboni]

The problem isn't the price of gold. The problem is the definition of a dollar. After years of reasoning my conclusion is that a dollar is the value of a man's labor from sunrise to sunset. Now you try to value gold using that definition and you end up with confusion because gold is incapable of laboring at all.

Now it so happens that a one dollar gold coin in generations past contained 1/20th oz (m/l) of gold and was stamped ONE DOLLAR. That was to REPRESENT the value of man's labor from sunrise to sunset.

Using your suggestions I would presume you intend to mint a one ounce gold coin and label it $5,000, $10,000 or something along those lines. That single coin would then represent the labor of man from sunrise to sunset for 5,000 days, 10,000 days or the like. In other words that single coin would require 10 years of labor for anyone to actually earn it.

I see nothing wrong with the common law form of contract which requires payment of one dollar and other valuable consideration (say $250,000 FRNs) as long as the one dollar (still representing the value of a man's labor from sunrise to sunset) is in the form of either gold or silver. This maintains an action at Law in the event of a dispute which is not available if your contract is based solely on EQUITY and FRNs. There is no need to lie about the value of a $1 gold coin and it doesn't require so much gold as to be inaccessible to the average man. After all, it only represents one day of his labor.

We can take $1 per one day of the average man's labor as a rough starting point. The approximate family income today is $60,000 per annum discounting two-income earners. Considering that there are ~250 work days per annum (which equals $240 per day's labor), if we set the new gold backed $1 equal to 1/20 a troy ounce of gold, this equates to a gold price of $4800. This is not a far fetched figure. For example, Jim Rickards has been bantering about a $5000 gold price if there were a currency reset. Of course we have not accounted for income taxes, which did not exist 100+ years ago; one might deflate the dollar price of gold by 20-30% to compensate for this and thus provide a compensation more comparable (to 19th century) in gold weight. Also, given that modern technology has arguably increased the per man productivity vis-a-vis a 19th century man, one might deflate the dollar price of gold to reflect the lower cost of labor. What is compelling is that using your guideline of $1 per day of the average man's labor, we come up with a gold price in dollars that is plausible. I suspect though that many $trillions in notional valuations, created through the magical multiplication of derivatives and leverage would still have to be written off per Jim Sinclair, who has estimated that a gold price north of $50,000 per ounce would be needed for a strict conversion of all notional dollars extant to the gold basis.

One could reasonably argue, based on the considerations above, that today's gold price of ~$1200 per ounce is very cheap indeed! Could suppression of the gold price via paper contracts/shorting and gold leasing be at fault here? Or has demonetization of gold (and silver) alone reduced it's dollar price to its marginal commodity value (cost of production). Probably a bit of both in play here me thinks.

[ziero0]

We can take $1 per one day of the average man's labor as a rough starting point. The approximate family income today is $60,000 per annum discounting two-income earners. Considering that there are ~250 work days per annum (which equals $240 per day's labor)
You see in these two sentences that you have fallen into the trap of using my definition of $1 in the first sentence and somehow making $60,000 annually as a reasonable family income. There is nothing magical about making $60k annually when not a single dollar of it is capable of effecting a change of ownership at Law.

The dollar a day for work from sunrise to sunset is universal. Doesn't make a difference if the man is digging ditches or holding the office of president. His labor is the same. His value is the same.

We think Bill Gates is rich at eighty billion dollars in his estate yet there are 6 billion people on earth and if he employed everyone he could do so for less than 15 days before he is as bankrupt as everyone else. Seems he isn't very rich at all if the definition of the dollar is nailed down.

If you accept $60,000 as a reasonable annual income then you also accept eighty billion dollars as a reasonable estate to retire with.

[Horn]

The problem is the price of Silver as IT is relative to everything else in this our fiat world.

[mamboni]

You see in these two sentences that you have fallen into the trap of using my definition of $1 in the first sentence and somehow making $60,000 annually as a reasonable family income. There is nothing magical about making $60k annually when not a single dollar of it is capable of effecting a change of ownership at Law.

The dollar a day for work from sunrise to sunset is universal. Doesn't make a difference if the man is digging ditches or holding the office of president. His labor is the same. His value is the same.

We think Bill Gates is rich at eighty billion dollars in his estate yet there are 6 billion people on earth and if he employed everyone he could do so for less than 15 days before he is as bankrupt as everyone else. Seems he isn't very rich at all if the definition of the dollar is nailed down.

If you accept $60,000 as a reasonable annual income then you also accept eighty billion dollars as a reasonable estate to retire with.My nose is getting itchy; this only happens when there's a cat around. You remind me a wee bit of an old GIM poster Hypertiger affectionately known to the cognoscenti as Uberkitty. However, you haven't called me a hairless monkey, yet, or threatened to shatter my cherished delusions.

Yes, I do think $80 billion is most definitely a sufficient estate to retire on. I think I can manage to budget myself accordingly.:cool:

[ziero0]

you haven't... threatened to shatter my cherished delusions.
Possibly you meant illusions? Illusions are false informations. Delusions are actions taken under the influence of illusions.


I do think $80 billion is most definitely a sufficient estate to retire on That is the essence of the American dream. Be careful your dream doesn't become everyone elses nightmare or that overpriced gold is necessary to maintain it.

[singular_me]

You give too much energy to defend the indefensible... darwinism is inimical to 80-85% of population, always been, for millennia long. And on top of that it is destroying earth now at record speed. Anybody wise would throw in the towel!

Actually, ((they)) are spraying nanotech on us, how is bitcoin/money going to stop this? How is individualism going to resolve that if we do not UNITE against evil? The reality is that it is a 50-50%, individualism and empathy/collaboration. Reality is a mirror of human behaviors. Money has successfully kept both separated. Only the merging of the 2 dynamics will change the world.

Medium of exchange? when value is itself completely subjective and relies on the mood of the market? Bitcoin was put the test a few months ago and miserably failed, just like any so-called medium of exchange. The ((dark magicians)) know this. So yes bubbles are here to stay.

Monetarism does only make sense if it rewards money creation, otherwise it would take a big dive and self-destruct. Debt, collusion and manias are the inherent components of any currency system.

Competition for humans does not work, a scam at a human level. Collusion (of the top) is unavoidable. It always works like this: to self-sustain the upper layer must deceive the lower layer, and so on, til the bottom layer. The institutionalization of competition is a bottomless deception, because it prompts to lie/conceal for a paycheck. Some more than others. It is at the core of endless social fragmentation: divide and rule.

Peer pressure is constant in a competitive society, but since competition relies on misrepresentation and embellishment of reality. Coercion will make any system fail, by design or not. Free will?

Everybody is born naked and dies naked... is an absolute truth, metaphorically, and it is sad that you had to interpret this literally. We do not take our bank account nor house with us in the after life. Yes, materialism is a millennia old and generational illusion. Because its is not greed that is behind 90% of our world problems perhaps?

I cannot even answer other statements of yours because they use the same logical fallacies. This is always like this with people endorsing monetarism: they will end up defending the system as they cannot grasp that the flaws are inherent to monetarism. Are embedded in the theory. Or will accept the flaws as part of the model and lament that the world will never change, that it is the human nature, etc, etc. Yep the "wealth hypnosis" runs deep!

Metaphysics will forever rule over the material. Darwinism IS atheism in disguise. So now let's prepare for judgement day! I do not believe in the bible as being the word of God, I stated that countless of times, but it contains many truths while sustaining dualism/double talks, so most people never really get it. But is it clear that the battle is spiritual.

However I am merely responding to your nonsensical posting to allow others to understand that we are arguing about two VERY different premises. One that is monetizing human life and nature (man above nature, predatory competition) and another one recognizing that abundance is the result of cooperation with Nature and fellow humans.

The gift of Life is not for sale. And ((the illusionists )) know this pretty well.


:rolleyes: I quoted the part that is absolute garbage and whenever pressed for any sort of knowledge or ability to actually form a working functional society without a medium of exchange always results in you diverting the question and never answering it. I've seen you spend literally pages to say absolutely nothing. Why should this be any different?



No problem at all, but it requires resources to extract resources. You enjoy modern life do you not? You use a computer, cell phone, internet etc. That requires enormous resources both machinery, man, supply chains etc. How do you form any of that without a medium of exchange to incentivize ingenuity to weed out inefficiencies? Can you show what law that man has broken by using a medium of exchange? Greed is a sin I agree, and one that would be rooted out in a truly free market economy which we are not. But even in your bullshit delusional non-existent and not-possible society there would be greed. Greed of resources from those who have from those who have not. Like it or not this is the reality for which we live. You will not escape it in this life time, or even the next 1000 lifetimes, because that is this life. You produce nothing yet bitch at those who do and expect others to do for free what you cannot and will not do. Sounds a little hypocritical does it not? Yet you probably wonder why absolutely no one here takes you seriously. Well look in the mirror and do a little self reflection and re-evaluate because you aren't going to change society or human civilization. You better understand that paradigm or you're going to be miserable for the remainder of your time on this earth.



The Bible is nothing more than a control mechanism. It speaks truth and mixes in lies. Sound familiar? If the bible is the word of God, he would not need a 1st edition (Old testament) and 2nd Edition (New testament.) to give you his word. Nor would god require it being translated into multiple languages as it being the word of God would of provided a Bible in every language from inception even for languages that did not exist at that time as he knows all because he is all. That fact alone should clue you in that the Bible was written and translated by man with his inherit bias, prejudices and greed. Not very many people die naked, we have clothes and usually die in something. This is your typical response when pressured to provide an answer for which I'm sure deep down you know are not able to answer truthfully because it would show how false your world view is.



Another non-answer and typical diversion of attempting to justify your ridiculous assumptions.



Individualism is the epitome of self identity. You failed at both (collectivism and individualism) now write off individualism as well as individuality in the same breath because you couldn't figure out a way to take personal responsibility. Does that sound about right? You wreak of failure when it comes to trying to express your own individuality and come off as the typical collectivist. Why I made the snide remark about a commune. You can't even make a coherent rebuttal, you denounce communism (collectivism) and remark that individualism is a hoax, so which is it? You can't come up with a straight coherent response if your life depended on it. No wonder you haven't succeeded in the tasks you've taken, you lack the foresight, personal responsibility as well as the inner monologue required to make intelligent decisions. You only have yourself to blame, take some personal responsibility. It'll do wonders for you.

[Horn]

Peer pressure is constant in a competitive society, but since competition relies on misrepresentation and embellishment of reality. Coercion will make any system fail, by design or not. Free will?

After analyzing this statement in its entirety, it has been determined that the peer pressure is a Universal constant and not reliant on competitive societies.

and that you have issues with Coercion. Was it the "evasive unpredictable entropy" from the former part of the sentence, One cannot be sure.

It should be noted also that One in the above sentence is always correct.

[Ares]

You give too much energy to defend the indefensible... darwinism is inimical to 80-85% of population, always been, for millennia long. And on top of that it is destroying earth now at record speed. Anybody wise would throw in the towel!

Actually, ((they)) are spraying nanotech on us, how is bitcoin/money going to stop this? How is individualism going to resolve that if we do not UNITE against evil? The reality is that it is a 50-50%, individualism and empathy/collaboration. Reality is a mirror of human behaviors. Money has successfully kept both separated. Only the merging of the 2 dynamics will change the world.

Medium of exchange? when value is itself completely subjective and relies on the mood of the market? Bitcoin was put the test a few months ago and miserably failed, just like any so-called medium of exchange. The ((dark magicians)) know this. So yes bubbles are here to stay.

Monetarism does only make sense if it rewards money creation, otherwise it would take a big dive and self-destruct. Debt, collusion and manias are the inherent components of any currency system.

Competition for humans does not work, a scam at a human level. Collusion (of the top) is unavoidable. It always works like this: to self-sustain the upper layer must deceive the lower layer, and so on, til the bottom layer. The institutionalization of competition is a bottomless deception, because it prompts to lie/conceal for a paycheck. Some more than others. It is at the core of endless social fragmentation: divide and rule.

Peer pressure is constant in a competitive society, but since competition relies on misrepresentation and embellishment of reality. Coercion will make any system fail, by design or not. Free will?

Everybody is born naked and dies naked... is an absolute truth, metaphorically, and it is sad that you had to interpret this literally. We do not take our bank account nor house with us in the after life. Yes, materialism is a millennia old and generational illusion. Because it is not greed that is behind 90% of problem perhaps?

I cannot even answer other statements of yours because they use the same logical fallacies. This is always like this with people endorsing monetarism: they will end up depending the system as they cannot grasp that the flaws are inherent to monetarism. Are embedded in the theory. Or will accept the flaws as part of the model and lament that the world will never change, that it is the human nature, etc, etc. Yep the "wealth hypnosis" runs deep!

Metaphysics will forever rule over the material. Darwinism IS atheism in disguise. So now let's prepare for judgement day! I do not believe in the bible as being the word of God, I stated that countless of times, but it contains many truths while sustaining dualism/double talks, so most people never really get it. But is it clear that the battle is spiritual.

However I am merely responding to your nonsensical posting to allow others to understand that we are arguing about two VERY different premises. One that is monetizing human life and nature (man above nature, predatory competition) and another one recognizing that abundance is the result of cooperation with Nature and fellow humans.

The gift of Life is not for sale. And ((the illusionists )) know this pretty well.

Blah blah blah, you could of summarized that non-answer to I'm not able to answer because I do not have a world view grounded in reality, and no, I didn't read a single word of your reply.

[singular_me]

The day a critical mass becomes aware that wealth is extracting its power from ignorance, what is a natural law, monetarism will be done. Over. '

That's the only way out because knowledge is infinite.

And if despite that money is still used, we have a flat line economy preventing the formation of wealth. Greed.




Blah blah blah, you could of summarized that non-answer to I'm not able to answer because I do not have a world view grounded in reality, and no, I didn't read a single word of your reply.

[EE_]

https://www.youtube.com/watch?time_continue=19&v=44kW03sfKrI

[Horn]

If you listen to Ellen Reid here,

Trump's only actual and best WIN strategy would be to do a Peter Punkinhead right about now and go die.


https://www.youtube.com/watch?v=nLt60MUv7AU

Is he un and fortunate enough to be Peter Punkinhead? only time will tell...

[Jewboo]

Blah blah blah, you could of summarized that non-answer to I'm not able to answer because I do not have a world view grounded in reality, and no, I didn't read a single word of your reply.

https://i.4pcdn.org/pol/1540090677654.jpg


:D

[steyr_m]

I dunno, my feelings are that there will never be a gold-standard because of course because a certain tribe want's the power to print money. There also is not as much gold as claimed by the US. China/Russia most likely has more.

I personally would like to see each State have their own currencies, on a bi-metallic standard. A basket of crypto's would be good too.

[Neuro]

The day a critical mass becomes aware that wealth is extracting its power from ignorance, what is a natural law, monetarism will be done. Over. '

That's the only way out because knowledge is infinite.

And if despite that money is still used, we have a flat line economy preventing the formation of wealth. Greed.
Somehow I agree with you. The wealthy become wealthy by extracting the work and wealth from the ignorant. But your solution is for masses to ignore reality= remain ignorant. Probably not a contradiction for you... ;D

[Neuro]

I dunno, my feelings are that there will never be a gold-standard because of course because a certain tribe want's the power to print money. There also is not as much gold as claimed by the US. China/Russia most likely has more.

I personally would like to see each State have their own currencies, on a bi-metallic standard. A basket of crypto's would be good too.

I don’t think there will be a reversal to a gold standard. That is not the natural course of events. The logical course is a complete bankruptcy of the fiat system, where the survivors will first barter for lifes necessities, then barter for gold and silver as some have more than necessary for life, eventually as local government stabilizes, they will start issue stamped coins in their name in gold, silver and copper, the higher the quality of the government, the higher the premium on the coin. Eventually the strongest countries will start debase their money by mixing other metals into the coin, which will in long term cause a reversal of fortunes. Over times governments will come and go, in the most stable countries, who keep their coins in good quality, they may start issue paper bills worth a certain amount of gold, a gold standard, over time politicians will get the urge to issue more paper certificates than gold available, and then more until bank runs occur and then the next fiat system emerges. Probably it would take a couple of centuries before we have a gold standard. Last leader who seriously proposed a gold standard was Ghaddafi of Libya. Look what happened to him!

[Horn]

Venezuela is even in on the game, they've just dumped the U.S. Dollar for a Euro.

Chavez Jr. should remain steeped in Cuba cigars with the brilliant move.

[ziero0]

Probably it would take a couple of centuries before we have a gold standard.
Those who believe in a gold standard don't need government to mandate it.

Look at the Amish. They don't believe in either electricity or rubber tires. That doesn't mean they won't take advantage of their neighbors electricity (telephone) or transport. They just can't claim ownership of either and their principles are intact.

Another analogy that is useful is sailboat racing. Strategy among skippers who win is to make sure the opponent doesn't have access to a wind shift that they also don't take advantage of. Consequently you see a lot of tacking to place the opponent in a dirty-wind condition. As it relates to gold/silver if your strategy works you place your opponent at a disadvantage. Again your example is what forces him to adapt your strategies. If you lose he doesn't have much incentive to follow your example.

Now consider your relationship to gold/silver (aka in law as 'substance'). You can't force others to follow your own principles so just follow them yourself. If you become successful your example will be a path for others.

[steyr_m]

I don’t think there will be a reversal to a gold standard. That is not the natural course of events. The logical course is a complete bankruptcy of the fiat system, where the survivors will first barter for lifes necessities, then barter for gold and silver as some have more than necessary for life, eventually as local government stabilizes, they will start issue stamped coins in their name in gold, silver and copper, the higher the quality of the government, the higher the premium on the coin. Eventually the strongest countries will start debase their money by mixing other metals into the coin, which will in long term cause a reversal of fortunes. Over times governments will come and go, in the most stable countries, who keep their coins in good quality, they may start issue paper bills worth a certain amount of gold, a gold standard, over time politicians will get the urge to issue more paper certificates than gold available, and then more until bank runs occur and then the next fiat system emerges. Probably it would take a couple of centuries before we have a gold standard. Last leader who seriously proposed a gold standard was Ghaddafi of Libya. Look what happened to him!

Yeah, I wish Russia/China had intervened. I don't think that that was going to happen. I also don't think Russia wasn't militarily capable at the time too.

We'll see about your analysis -- I hope you're right. The world economy is going to have to be very, very bad [2008 x 20] for that to happen.

[Neuro]

Those who believe in a gold standard don't need government to mandate it.

Sorry per definition a gold standard is government mandated.

[ziero0]

Sorry per definition a gold standard is government mandated.

You might check to see what the bible has to say about carrying around a bag with honest weights and measures.

Perhaps if the government is all powerful then they can get the Amish to use rubber tires and electricity?

The reason they can't is lumped RELIGION and the freedom to practice one's own.

[Horn]

https://www.zerohedge.com/sites/default/files/inline-images/ABOOK-June-2018-Dollar-Cycles-General_2.png?itok=eFlNTecT

[Horn]

There may be no other suitable solution than Gold.


https://www.youtube.com/watch?v=jrLrmalthC0

[End Times]

Gold represents a high degree of economic freedom. But only if you possess it.

Who possesses most of the gold on Earth in our era? Jews. And Shabbos Goyim.

Returning to the gold standard, should it ever happen, would benefit only those who control the gold.

Not you.

[Jewboo]

https://www.youtube.com/watch?v=hdey63bfNt0

WTSHTF we will be selling our gold to (((The Pawnbroker))) for whatever he offers.

[Neuro]

Gold represents a high degree of economic freedom. But only if you possess it.

Who possesses most of the gold on Earth in our era? Jews. And Shabbos Goyim.

Returning to the gold standard, should it ever happen, would benefit only those who control the gold.

Not you.

Gold however could turn out to be a good bartering commodity, if you have enough food to wait for the right deal...

But you are right gold will benefit those most that hold most of it. Aka the Jews!

[Horn]

Why silver should be more valuable than gold.