Metal valuations can be and frequently are tampered with.
Gold shouldn’t be valued at $1k in reality. Thanks especially to derivative/futures contracts commods have bubbles also.
Bartering systems would be the only ones that could come close to keeping an even balance of supply and demand. Not a perfect system, but nothing can possibly be perfect.
does noone here knows where the private greed comes from? we saw an amazing amount of growth after the revolution using strictly silver and gold as our tender. Up until 71 we were still using gold to an extent. The fact that these bubbles are created is what causes the greed in the private sector in the first place. The people who run these companies know all of the ins and outs and all the ways to use our infnite money supply to their advantage, and we get a little bit more taken away from us each time they fuck up. But most people just believe thats how it has to be and we just need to keep payin higher and higher axes, but its not supposed to be this way, ever.
Precious metal currency is simply too outdated, for a variety of reasons.
1.) Unless you’ve been doing it all along, switching to precious metal currency just causes hording of precious metals and drives the price up like crazy
2.) The most popular precious metals to be used as currency all have other uses. All of a sudden, a gold-plated HDMI cable would be $1000, and that’s not even Monster :lol:
3.) There simply aren’t enough of them in today’s world to support the value of currencies.
4.) It’s prone to near-instant redistribution of the world’s wealth, generally to countries that bring nothing to the table. Suppose the world’s biggest gold mine is found in the Congo, and the US is on the gold standard. Congratulations, you just made some regional warlord the richest man in the world.
bartering is the most perfect system, with precious metal close to that because esentilly using precious metal is basically a way of bartering
no it does not drive prices up at all, prices would not inflate ever, at first while trying to pay off our massive debt, the value of our paper money would plummit because the gold would be worth more, because it always has been. But once the fiat money is considered obsolete, the gold would set new standards of currency worth and since there would be no inflaton whatsoever oyu would never have to worry aboout skyrocketing prices.
Obviously we use metal for many things but gold would strictly be used for currency, if it used for currency im sure many people would stop using it for literally anything else. You could literally equate it to using paper money as tissues or toilet paper.
Ive stated before that it doesn mater how much we have in supply that is completely irrelevant. The amount in supply is what decides the prices.
if a warlord int he congo found gold, do you really think he would use it wisely enough to destro our economy, not to mention that he would probably become an essential trading partner. if he keeps to himself hes not doing much good by just sitting on it. Not to metnion that almost no country aside from chille is on it anymore and they are fractional in theirs, using a gold standard now would stop the overseas investors from questoning hether or not our system is something they should rely on.
You sound like Ron Paul. And nope, wouldn’t work. Everyone’s net worth is based on paper currency. You suddenly tell them all that that’s worthless, unless they happened to be hoarding gold under their tinfoil hat, in which case they are now rich, you get world war 3.
LOL @ hoarding gold under the tin foil hat. If you had so much gold in the first place why not make a gold hat. It’s metal and could probably detune microwaves etc…no? HAHA
Bartering would minimize greed…but not eliminate it.
Gold or any currency other than goods for goods would lead to greed. If you control the supply of anything, you control the prices. So if you have a warlord supplying the majority of gold, he controls prices.
Every time they yank another lump of gold out of the ground there will be inflation, so suddenly the value of my paycheck changes by dumbass luck rather than design.
Right. Just stop using it for anything else. Not like it’s a natural resource with valuable technical properties.
Supply is irrelavent? OK then lets just stick with fiat money.
See 1.
using it for currency will obviously outweigh its use as wiring as per joes example, many other metals could be used. No discovering it would not mean inflation at all. If the money you use is 100% based on a precious metal there can be no inflation. The only time there can be inflation is when you convert you monetary system into fractional reserve bankinking, for example, for ever 10 punds of gold backed currency you distribute, you must have 1 pound in your reserves. All finding more would do is increase the amount in circulation which when the currency is backed by gold 100%, does not mean inflation at all. Supply is irrelevant to shortages when it comes to whether or not there would be enough to go around. If we only had 100 pounds of gold in this country, markets would adjust to the amount of gold there is and prices would be set based on that amount.
97_B18b1: your never going to beat them, so you might as well join them. Embrace the funny money and profit.
Joining their side because people on the internet dont agree with me isnt the smartest thing in the world to do. The problem here is that the free market is getting blamed for things that it doesnt even do. People are blaming the free market when they should be blaming the government regulaton that came before they proposed even more, thats right, government regulation. Currency has an amazing ability to regulate itself through import and export blanace ratio. Once the market loses any freedom at all, it is no longer free. In other words, there is no way the free market should have been blamed for anything since the 60’s, and if you wanna get real bold, since 1913. Government bailouts encouraging the irresponsible lending, money laundering, and lottery winning stlye bonuses is what causes all the scrutiny and massive debt increases. The fact is if we had none of this regulation at all, and the power to print and control the money supply and interest rates was put back in the hands. of congress, we wouldnt have encountered any of this mess in the first place.
but we did. it’s to late.
Im not stupid, i know there are too many pwoerful people with too many selfish interests to ever, EVER go back to the way things were, but that doesnt mean im not aloud dissent or protest the current monetary policies.
I have several things I want reform for. Seriously. How the fack can we actually make a difference? Can we? And if anyone is going to say “call your senator” please spare me. LOL
sending letters and calling, although deffinitely pointless, can stir up controversy and incite more people to do the same. We must remember that if EVERYONE does it then we make a difference, the chances of that happening are slim to none, and if EVERYONE does finally come around, thats called a revolution.
step one: make millions
step two: buy a seat in gov. (yourself or someone else)
step three: reform
step four: profit?0000
I think that’s about it…except “make BILLIONS” would be more like it.
LOL
BB&T :tup:
>.<