What was the Gold Standard and why are our curriences not

Do you even know what "backed" means or did you just watch that dumb conspiracy, zeitgeist addendum shit?

>>133500812
there is not enough of it

>>133501211
>there is not enough of it AT TODAYS PRICE
Fixed that for you anon.

You could go back to a Gold standard today, it would just show up how fucked the Dollar has become and all that inflation you've been exporting for decades comes home to roost.

Why is gold so precoius anyway? You can't really make many useful things out of it.

>>133502019
It's gods money, it never corodes and is in the ground ready for us to mine and for most of human civilisation it functioned fine as money. Obviously today things are different because computers

>>133500812
Gold Standard was basically a dumb way for the US to hand out tons of gold to european countries.

Everything else you hear is either wrong or wishful thinking.

>>133502019
>You can't really make many useful things out of it
Except there's gold in your phone and PC, and pretty much all electronics today.

But anyway, gold is sound money because it's durable (doesn't react with pretty much anything), divisible (it's fairly soft), portable, and fungible (1 gram of gold is always worth 1 gram of gold, whereas diamonds vary in quality), and it's fairly rare.

>>133500812

Artificially keeping your currency up is not a good idea and has seldom worked for a long time.

Examples: UK Black Wednesday, current state of Greece and Italy.

The argument that there isn't enough gold has also been made; it's trivial, but true as well.

>>133502019
>Why is gold so precoius anyway? You can't really make many useful things out of it.

That is the whole point. Platinum is an equally precious metal but is useful in catalytic converters. You wouldn't want to melt down money supply to make catalytic converters

>>133500812
>why are our curriences not backed by it anymore
It's hard for (((them))) to manipulate currency when it's backed by gold.

>>133500812

Also consider the fact the value of gold itself is rather arbitrary: in 2000, it was worth around two times less than today and three times less than 1980. So much to "price stability".

>>133500812
THIS POST IS ANTI-SEMITIC, SHUT IT DOWN1!!11!!!!!oneone1!!!

>>133502019
Because people say it is.

Same reason a US$100 is valuable.

>>133502559
But gold is considered precious for gazillion years, and back then there weren't any computers. It's just that I would think ancient people were practical and wouldn't give value to something that is completely useless, even if it doesn't corrode.

Broke: Gold standard/Fiat
Woke: Silver standard/Energy standard

>>133502714
Saw a documentary where some guys swept the dirt from the freeway and recovered a significant amount of platinum. Pretty smart.

>>133502966
It's shiny and heavy and doesn't rust.

File: 1455291997899.jpg (59KB, 522x583px) Image search: [Google]

59KB, 522x583px

>>133502019
>You can't really make many useful things out of it.
You're joking right?

>>133502622
if there wasn't enough gold currency would still inflate. They just like the fact they can decide how much and when it inflates with fiat currency

>>133503114
So is copper, but you can also make useful stuff from copper, like tools.

cant deficit spend on gold

>government: hello i'd like to buy this chocolate bar
>private sector, producer of all taxes, primary generator of all govt spending: sure thing senpai, 1 gold bar
>government: (has no gold) ugh... erm.. eh.... I'll be back

>government: gold is illegal naow! everyone must uses this paper i print!
>government just prints itself a money bill
>buys a chocolate bar
>now this rotten bill that was backed by no proper work is in circulation
>its indistinguishable from all the other bills that were actually earned
>more and more of these worthless bills enter circulation every day
>government can just get into the market and take whatever it wants like a bandit
>doesnt have to provide any work in return
>doesnt have to be productive in return
>doesnt have to be fiscally responsible in return


>>>literally every single economic crisis since the gold was forbidden, explained
i actually do use gold whenever i can
paid a doctor for his medical services in gold once
sold produce of my farm for gold multiple times
have a comp sci degree and i've made a few servers and websites for people and they agreed to give me payment in gold multiple times

i have a tiny pile of gold and i pretty much dont give a shit if the government declares bankrupcy or if euros/dollars/dinars take a hit and half their value and so on

gold is the redpill of economy

>>133502806
>It's hard for (((them))) to manipulate currency when it's backed by gold.

Except the great depression happened when gold was the standard. What the hell are you smoking?

>>133503149
Well, you can make jewelry with it, but no tools. I'm talking of course about the times when there were no computers and other fancy technological advances.

>>133503691
>can't deficit spend on gold

exactly, that is why gold is no good. The US would cease to be overnight

>>133503078
There is some guy who scrapes the cracks in the sidewalk in the (((NYC jewelry district))) recovering trace amounts of gold and diamonds. Makes a decent living doing so.

File: Swedish_plate_money_in_the_British_Museum.jpg (1MB, 1322x2909px) Image search: [Google]

1MB, 1322x2909px

>>133503901
Before, it was because it was relatively rare, heavy, didn't tarnish, and is the most malleable and ductile metal of them all. They tried copper currency in sweden, it didn't work out well because copper was abundant. Pic related is a copper 'coin'. The banker responsible for even thinking this was a good idea was beheaded.

>>133500812
Gold is useless and pushed by the bankers since it's easier to create monopoly (bank notes backed by gold). Just read up on silver backed currency in u.s. (if I recall correctly it was done by Lincoln since he was short on cash while in need of funds for war, he just passed legislature to created silver backed currency called greenbucks since bankers offered to loan him the money but with insane interest rates forcing him to refuse - then some time later his assassination and back to gold standard even tho u.s. citizens wanted to stay with greenbucks. Also the second individual that tried to change the gold standard was Kennedy and guess what, he was assassinated as well shortly after and his executive order 11110 was immediately thrown away by his successor).

>>133504355
Okay, I get it, thanks.

>>133501740
this

>>133500812
First, gold is but one way to back a currency, there are many other commodities which can replace gold. Salt, for example, or in crypto currencies the backing is 'math'
Second, A very powerful cabal (((convinced))) Woodrow Wilson to create a debt-backed currency, so the entire economy would become liquid and give rise to massive speculation in markets, which is then more easily manipulated than the supply of a physical commodity.
The process of debt backed currency installation is currently happening with BTC. It's something Jefferson warned against, and none of you listened.

File: 0A7310B9-B0C0-4595-A820-2E3869682BEC-192-000000101E55D930.jpg (34KB, 352x384px) Image search: [Google]

34KB, 352x384px

>>133500812

(((Because))).

>>133503691
You get it, keep up the good work

>>133503932
If it can't survive without thievery, the US is as morally bankrupt as the European Union.

because someone (or (((someone))), if thats your deal) took it

>replace dollar with pseudo currency
>trade pseudo currency for natural resources (oil petro dollar etc)
>Bad goyims see this
>try to go back to gold standard
>DEMOCRACY KICKS IN
>countries become increasingly destable
>sdilhchtor keep their grip on the worlds banking/money trade

WOWZERS

File: maxresdefault.jpg (105KB, 1280x720px) Image search: [Google]

105KB, 1280x720px

>>133500812
Gold is the only substance thats conforms o the definition of money. Silver too.

https://www.youtube.com/watch?v=DyV0OfU3-FU

the real reason anybody "cares" about gold is because the reptiles break it down into mono atomic gold, snort it, and travel inter dimensionally.

>>133503674
copper rusts green, and it was pretty expensive, all those bronze age civs where trading copper to each other all the time.

>>133500812
We have the petrodollar now, and anyone who tries to stop buying oil in USD, they end up like Saddam or Gaddafi or Assad

>>133500812
by what was the value of the gold backed by?

File: 1488927259206.png (277KB, 573x578px) Image search: [Google]

277KB, 573x578px

>>133504538
No problem. Fun fact, people accidentally made batteries that can do like 200,000 power cycles without losing charge capacity or corroding. What they were made of? Gold nanowires coated with magnesium oxide. Gold is some crazy ass shit and will probably go up in price even though china produces a fuckload of gold.

>>133505272
A meme. All things valuable are valuable because of memes. It's the final economic pill.
THE MEME ECONOMY.

File: 9DD96915-B091-4404-A88D-EF55E33B8BEC-224-00000050B39A27BA.png (449KB, 600x400px) Image search: [Google]

449KB, 600x400px

>>133502019

>gold not useful

Wew! The absolute state of marxist education!

>>133502875
Deflation is the natural order of a growing economy. Price housing education oil and medical expenses in gold and try your calculation again.

>>133505603
This is actually true, both have an intrinsic value of 0. You cant eat Gold, you cant build a house out of it, you cant burn it. Its as useless as a dollar bill. Both are just backed by people believing its valueable. This is why Gold standard makes no sense.

>>133505774
I hope you realize there are only miligrams of gold spread over that whole area.

>>133501110
This is now a semantics thread.

>>133505861
Yessss

Deflation also punishes consumerist degeneracy while rewarding saving. It would shift our whole economy over towards a more efficacious masculine foundation if we'd stop going REEEE every time our economy threatens to deflate a bit. <3

>>133500812
>Hey, let's base our economies across the globe with uncontrollable increasing populations on a finite resource

Sounds like fun. Do you know what a bread line is?

>>133506438
Nah, man. I don't live in a socialist country.

>>133505994
Societies before us (-10kyrs) understood this: value happens in multiple dimensions, a unitary concept of value is just as bad as a unitary idea of god, or a unitary ideal of state. As soon as you have a unitary concept of anything, people will be enslaved to it.

>>133506163
that proves how incredibly useful gold is?

>>133506163
and we use only one panel of radar?
And optical filaments? Nano gold particle? Alloy? Spess craft shielding? Your free college education didnt really get your people far out, did it?

>>133500812
>"We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced. . . .we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank." - Adolf Hitler

>>133506163

>scat perve poop rainbow flag faggot drooling

Grams. And it is there because of its utility.

>>133506645
society probably "needs" <10kg of gold for all the electronics it builds so purely per demand gold would be dirt cheap.

>>133506777
>for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced
no they didnt. its funny that anyone believes that

>>133504734
Can't have the filthy goyim touching (((their))) gold.

File: 9A1D7922-2FB7-44C5-A997-BAC1CD2B3077-224-000000582A119C2E.jpg (24KB, 480x270px) Image search: [Google]

24KB, 480x270px

>>133505994
>>133506163

The absolute state of marxist indoctrination!

http://ampersandspur.com/2012/03/23/coprophilia-in-german-culture/

>>133501110
No they don't, they just want to blame the Jews and Rothschilds. Things like markets are too complex for their little brains.

>>133501740
Yea, because fuck gold as an industry. What's wrong with inflation if real economic growth more than compensates for it? You don't save dollars, you invest them, and if you can't afford to do that, being on a fucking gold standard wouldn't change that.

>>133507092
Wow, are you a sci-fi writer? You clearly have no sense of scale.

>>133502559
So in other words
>It's scarce
Just like every commodity in the fucking world.

>>133500812
Nixons retardation.

>>133500812
The gold standard was the convertability of the dollar to gold at $35 a troy ounce. Our currency is no longer backed by it because Nixon suspended the convertability of the dollar

Getting out of the gold standard was a mistake.

A bigger mistake was replacing it with a commodity.

baka world, baka...

>>133507844
YOU CALLING HITLER A LIAR?

>Hitler and the National Socialists, who came to power in 1933, thwarted the international banking cartel by issuing their own money. In this they took their cue from Abraham Lincoln, who funded the American Civil War with government-issued paper money called "Greenbacks." Hitler began his national credit program by devising a plan of public works. Projects earmarked for funding included flood control, repair of public buildings and private residences, and construction of new buildings, roads, bridges, canals, and port facilities. The projected cost of the various programs was fixed at one billion units of the national currency. One billion non-inflationary bills of exchange, called Labor Treasury Certificates, were then issued against this cost. Millions of people were put to work on these projects, and the workers were paid with the Treasury Certificates. This government-issued money wasn't backed by gold, but it was backed by something of real value. It was essentially a receipt for labor and materials delivered to the government. Hitler said, "for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced." The workers then spent the Certificates on other goods and services, creating more jobs for more people.

>Within two years, the unemployment problem had been solved and the country was back on its feet. It had a solid, stable currency, no debt, and no inflation, at a time when millions of people in the United States and other Western countries were still out of work and living on welfare. Germany even managed to restore foreign trade, although it was denied foreign credit and was faced with an economic boycott abroad. It did this by using a barter system: equipment and commodities were exchanged directly with other countries, circumventing the international banks. This system of direct exchange occurred without debt and without trade deficits.

>>133500812
>What was the Gold Standard and why are our curriences not backed by it anymore?

What is a search engine you mongtarded dumbfuck? You don't need an answer you were too stupid to research.

>>133502019
Hard to counterfeit it. The only thing that weighs the same as gold is tungsten and even that's rare.

>>133505861
>>133506324

Deflation also nukes banks' balance sheets. The value of cash liabilities goes up while the value of loan assets goes down; wiping out equity and rendering the bank illiquid at best and insolvent at worst.

A limiting factor in economic growth, both GDP and per capita

>>133500812
Well, it's shiny stuff people like the look of that has some limited industrial uses. If you think placing your value in printed paper is arbitrary, choosing some shiny stuff is just as arbitrary.

>>133508123
Trust me, the British don't need google to know what cocaine tastes like.

It's called google, fucking use it.

>>133507844
>t. it's all lies shut it down before anyone does it again

>>133506324
That's not saving, that's hoarding, and it's the reason BTC is overpriced garbage. If you save large amounts of money you are a moron. You invest money. If you can't afford to invest, then it's not like you can afford to save much either.

>>133504452
You are correct about the greenbucks. Surprised a euro of all people know about that lincoln bullshit.

>>133510073
I'm guessing you believe in the paradox of thrift, too. Retard.

>>133502019
It's used in almost every single electronic device and its incredibly versatile. It's durable, but malleable etc. The fact it's in limited quantities adds to its value. Then you have fucking retards like >>133509365 who have no idea what the fuck they're talking about and fall for literal memes. He might as well have said it's precious because it's shiny.

The petrodollar system destroyed the USD by causing hyperinflation along with the fact that we now depend on countries trading oil for USD or else the entire economy will collapse

If you looked at a dollar beforehand it would say that it is redeemable in gold. If you look at the dollar bill today it says "this note is legal tender for all debts, public and private." Meaning that its backed, by absolutely nothing
In other words central banks have and will continue to destroy the world by burying every country into debt

File: soon it will all end.jpg (30KB, 218x249px) Image search: [Google]

30KB, 218x249px

>>133502019
honestly
it smells good

File: 1457296457725.png (54KB, 212x232px) Image search: [Google]

54KB, 212x232px

Why are so many people answer this no brain question that is formulated like a 12 year old asking for his homework online?

File: 1459279687814.jpg (1MB, 1920x1080px) Image search: [Google]

1MB, 1920x1080px

the final economic red pill is: violence

>all cultures and languages understand violence
>its the ultimate value, everyone else will trade everything else for it
>vae victis, or woes to the conquered, or to the victor go the spoils, is the most reliable economic law, and plans built upon it can not fail
>cant devalue it, cant counterfeit
>cant cancel the deal, cant jew out of it
>all value comes out of it
>all authority comes out of it
>only crime was always getting caught, you cant be a criminal if no one can drag you to court
>absolute reliability
>all diplomacy comes out of it
>all politics come out of it

you faggots accepted the violent poll/mighty poll, right?

>>133500812

It is unaffected by inflation which is exactly why (((they))) like it. On top of that inflation is viewed as good for the economy as it incentives those with the capital to invest it or lose it over time.

It can also be argued that the lack of population devastating wars in the later half of the 20th century means that economic growth is essential to avoid a crisis were the 'worthless eaters' would amass such great numbers they would bust the capitalist system, in turn forcing a cull or collapse situation.

>>133503114

When you have it in your hand it feels so fucking right. They say gold corrupts and I think they mean it literally, like some sort of khornite rune stone I hold it and I don't want to put it down, I certainly want more of it but I don't really know why....

>>133505994
Except it's a tangible thing whereas fiat is literally nothing. That's why fiat makes no sense and gold does. Fiat is literally slavery.

>>133500812
>why are our curriences not backed by it anymore?

The real reason is commodity money is just too good. The industrial revolution brought massive increases to productivity and ushered in what promised to be a massively deflationary era. That means the average pleb was about to become richer though no industry of their own, but simply though their exclusive claims to private property.

For a race evolved around usury, this spelled obsolescence. The unit of economic measure, and by that, I mean the common currency of the day, simply must experience some level of inflation for rational actors to continue assuming debt. A dollar today simply must be worth more than a dollar tomorrow for lending to have any utility, and therefore remain profitable.

Understand this, and you understand Communism, WWI, the Fed, Hitler, the petrodollar, all of it.

>>133512898

Hold on, how is that bad for usurers at all?

They give you $1 expecting you to pay back $1.50 later down the road when the original dollar is worth far less than the dollar of the future....

>>133510554
>implying counterfeit would not undermine the value of any currencies and commodities

This is you. You actually implied that. You stupid fucking moron.

File: WhatsApp Image 2017-06-16 at 10.25.27 AM.jpg (69KB, 960x1280px) Image search: [Google]

69KB, 960x1280px

Gold is very hard to extract.

Pic is from 8 dump trucks worth of river gravel.
Took about an hour to get 9 grams worth. Think a thick wedding band.

So when you see movies and they have a treasure chest full of gold coins imagine how long it would have taken to collect that gold if people back them didnt use excavators and dump trucks and wash plants..

File: c3f829fa739c71d29bf7aa392ebc39b8.660x853x1.jpg (186KB, 660x853px) Image search: [Google]

186KB, 660x853px

>>133500812
Ever since the crime of 73 America's currency system has been fucked. Bimetallism is the only good option, but I guess that's gone for good since Bryan lost.

File: nb062117-3[1].png (2MB, 2801x1899px) Image search: [Google]

2MB, 2801x1899px

>>133501110
You may only post if your country has gold reserves, leaf.

>>133513302
You didn't follow me at all. Deflation is bad for usurers. Inflation is good for them. Stop thinking in terms of dollars and that about what a dollar can buy.

In deflation, you would never agree to pay more for a dollar today than you would for a dollar tomorrow because a dollar tomorrow will simply buy many more things.

But, if however, you can replace commodity currency with some kind of monopoly paper which you could indirectly control the supply of, then you could perpetually guarantee inflation even in the face of exponentially increasing productivity.

>>133509120
CAN SOMEONE, ANYONE, TELL ME, why we're not using this system today? Because this is Frakking BRILLIANT! This would solve all our problems!

>>133513871

If you didn't need the money now you would never need to borrow it with interest anyway, deflation or inflation with jews you lose. People are forced to take loans and in doing so become debt slaves, inflation or deflation isn't a factor for most people its supply and demand.

File: Money and le Not Money.png (1MB, 1107x723px) Image search: [Google]

1MB, 1107x723px

>>133500812
Only gold is money OP. The rest- Paper, digital currencies etc, are just representations of money, pretend money. If a government can fail or collapse, and your money goes to zero, it's not real money.

Gold is real money AMA.

>>133514089
For plebs, but not for rational actors, which are where the big money is.

Suppose you have an idea for a business. You have 90% confidence that you can earn greater than 10% on the money invested and 10% confidence that you will earn less.

Would you borrow money at 5% to play those odds?

>>133514035
Probably because Lincoln was assassinated and Hitler lost.

>>133513871
doesnt make sense because private capital can be put in banks for interest as well to counter inflation.

>>133514548
What do banks do with the money you give them?

>>133514653
loan them out, but that has nothing to do with inflation, since no one borrows money just to let it inflate

>>133514548
Also, please show me the country where the bank rate on deposits exceeds the level of inflation.

I'll wait.

>>133514421

Depends on how many years the business would take to earn greater than that 10% and of course how much greater than 10% the venture could attain, also have to factor how badly I could lose out in that 1 in 10 chance of a failure. The deal looks kinda pointless as it stands. If I could only expect a 10% gain at most at a 10% chance to lose bigly then I'd turn that offer down.

>>133514529
But it works though. I for one am in love with it.

>>133510073

Nah, you aren't investing money, you're investing currency you dimwit.

>>133514889
How many times do they loan those dollars out?

>>133500812

The only benefit of the gold standard is that's way more difficult to create a catastrophic scenario. But all money is ultimately without real value and the world economy is a sad reflection of the will of a handful of ((people))

>>133515037

Then become influencial and be the next Qaddafi/Saddam/Hitler/Lincoln etc then....

It's easy to be in love with an idea if your heads off the block when it fails...

>>133515030
You can only ever lose 100%, so that's what you figure. God you are bad at this. No wonder you commies are poor.

If you are worried about the 1 in 10 change of losing 100%, you simply invest in 10 disparate ventures with similar odds of success to compensate for that risk.

God you people are bad at this. No wonder your all poorfags.

>>133515231
Commodities have real economic value. Therefore, commodity money necessarily has real economic value.

You plebs have been Jewed so hard you don't know your head from your ass anymore.

>>133515083
the problem is fractional reserve banking and money printing, not loans. usury is a different problem altogether

>>133508380
>T. Rothschild Kike

>>133515521

On the ventures you lose 100% you still owe the money.

Look at it with a single dollar, you gain 5 cents per success, therefore you gain $.45 for every failure which costs at least $1.10 to pay off the loan. You cannot win with those figures, also you end up a slave of the ZOG.

>more money gets printed
>inflation goes up
>more gold gets mined
>value of gold goes up
using gold coins for currency is the only way to fix the economy.

>>133516164
Your math is all retarded. I can't talk to you.

Look, if you want to ignore the reality of usury, that's up to you. Don't borrow money. But it won't change the matrix we live in.

If you don't believe me. See how long it takes for to lose everything to the people who are willing to borrow to assume calculated risks.

It's fine for you to feel the way you do. I get it. But if you really believed that shit you'd be full time neet endeavoring to drain the welfare state, not arguing on some Persian carpet weaving forum with me.

>>133515265
To be fair. It never failed. It was in fact murdered.

>>133515877
Usury is only a 'problem' when inflation is real. If I offered to give you two chickens today for one chicken tomorrow, would there still be a 'problem' in your view?

>>133514889
>since no one borrows money just to let it inflate

Do you even know what a margin account is?

>>133517055

How is it retarded?

You can gain 10% borrowing 5%

$1 becomes $1.10 and you have to pay $1.05

Therefore you gain $.05 per roll of the dice.

1 in 10 times it ends up costing you everything so $1.10

9 wins =$.45 you lose all that and still owe (((them))) $.65 bankrupting you.

The math is sound, you're starting to act like a kike shill arguing for the acceptance of usury....

>>133517202

>if they kill you you don't lose!

>>133517610
but youre lending me the chickens so i pay you less chickens tomorrow if you dont count the interest

>>133517953
It's retarded because you are looking at a single instance. No serious investor operates like that. If you repeat the same gamble 10 times over you are pretty much guaranteed a gain.

>>133500812
Thanks for making this thread OP you are not a faggot today.

>>133517953
And of course I meant 10% per year, which is exactly what we are talking about when talking about interest rates.

Little jews scammed it all so it's pointless now, silver would work better cause gold is too rare but kikes don't want that.

>>133518217
>>133518433

I literally gave you an example of the gamble done 10 times.

You're confirmed for hooknose.

>>133500812
some one was thinking its better to give your currency away to some Arabs and now your fuckt for life if some nation stop using it. You cant build up demptz on other nations and profit from it.

>>133518082
In this example the interest in negative. It means there is near certainty there will in fact be less chickens available tomorrow, and I'm willing to bet on that fact.

Do you plebs even gamble? Do you not get what it is?

>>133518670
do you know what inflation even is?

>>133500812
An economy based upon infinite growth in a world with finite resources where its currency only results in failure. Eventually run out of resources.
A currency based upon a factional reserve monetary system suffers the same problem as the economic system above, because the pool of IOU FERNs only increases which is infinite growth , therefore cannot have a backing of a tangible resource. This is why it was incrementally removed to have fractional backing until it was fully removed and the only value derived from it is from the mass delusion of it.
The whole thing is a fucking pyramid scheme house game, and we are not part of the house. They end up with the real property with their great system of deception.

>>133518548
You have $1.45, dumbass.

File: Capture.png (145KB, 1541x582px) Image search: [Google]

145KB, 1541x582px

>>133500812
https://en.wikipedia.org/wiki/Executive_Order_6102#Abrogation_and_subsequent_events
https://en.wikipedia.org/wiki/Nixon_shock

>>133518934
$1.45 for every win.

You purposely included the capital in your losses but excluded it from your gains. The hooknose is you.

>>133508380

t. r/neoliberal

welcome to the thread keep posting i like when your shitty ideas are exposed to scrutiny

>>133500812

Long story short, because of globalism and trade.

Consider that the price of gold is open to speculation and wild price volatility, Also consider that any country, say the Chinese can export to the USA, toxic dog food and cheap plastic shit and receive US dollars in return.

Consider that China can instantly redeem their USD into gold and bring it right away to China.

So it means the USA has to be willing to exchange it's gold that is the foundation of it's currency's worth and sell it or give it away for the exchange for what is essentially trash, sold to them by a company using soft-currency which price is heavily manipulated.

If the USA goes to gold standard, 100% of it's gold reserves would be held by foreign companies that do business with the USA within a few years It's absolutely fucking retarded.

>>133500812
Do you have any idea how much fucking gold there is in the universe?
At some point in our future the price of gold is going to be cheaper than water.

What if our money was backed by a national cryptocurrency though?

>>133519526
Jews would run it.

>>133503932
>The US would cease to be overnight
Just like China, maybe Russia and probably any bigger country that does the same shit.

File: MeltingDollar-1913.gif (38KB, 533x367px) Image search: [Google]

38KB, 533x367px

>>133519355
>If the USA goes to gold standard, 100% of it's gold reserves would be held by foreign companies that do business with the USA within a few years It's absolutely fucking retarded.

Only your comment is retarded. We are on a gold-standard anyway, just one of floating value. China can redeem all the dollars they want, just at market value.

But right now the US dollar enjoys defacto reserve currency of the world status, so their is no reason to redeem them. It's a double bonus for us, but we squander all the privilege, betrayed by our leaders, who send our wealth to Israel and tax us to death.

Every nation which prints money is held to a 'gold standard' anyway, as you can watch any nations currency collapse slowly or quickly, against the only thing that is real money (gold)

>>133519375
I don't know if this is a joke or american education

>>133510258
Well I hate bankers, the private "federal" reserve. Like your forefathers believed "banks can't be private since it's going to be the downfall of the people of America".

>Surprised a euro of all people know about that lincoln bullshit.

Well there are people that just don't read/watch shit, like the fact Lincoln was literally indifferent about slaves and history just omits that fact around which is retarded.

>>133520164
Yes, the USD is a defacto gold standard, because essentially, the USD is backed by every commodity traded in the world, since every commoditiy traded in the world is priced in dollars, everyone must USD to buy wheat, oil, pork bellies and yes even gold and silver, ect.

So you can only buy or sell gold and silver with USD. How is that not a backed currency?

It is phesudo-kinda-almost backed. You cannot take USD go to Fort Knox and redeem them for a fixed amount of gold. So it is not truly 'gold-backed' like certain faggots want.

That latter system is fucking retarded. The petrol-dollar system in place is not ideologically perfect, but it works.

>>133521244
Any system that allows fractional reserve banking does not and can not ever work. Period.

>>133504867
Moral bankruptcy translates into material wealth.

>>133502308
>because computers

Because jews

>>133519179

You don't make near that much if you succeed.

You said yourself you stand to gain greater than 10%, however this is implied to be an average as you can't really do any math without one. You spend a lent dollar get $1.10 back and need to pay $1.05 to the bank for a .05 gain. 9 x .05 = .45 which is no where near enough to pay back the 1 in 10 chance of a total loss of $1.05.

All the while implying that the only way to success is to accept the terms of a loan like a grubby merchant man.

>>133515037
Yes, that's the point, it works and it works without the oversight of the most powerful men in the history of the human race.
So ask yourself again, why has it not been implemented? Why do its promoters seem to get killed or have war waged against them? What could possibly be the reason?

>>133523343
>which is no where near enough to pay back the 1 in 10 chance of a total loss of $1.05.

It is if you do it 10x over. Pay attention, or don't bother speaking with me.

>>133525691
.05 x 10 = .50 which is less than the 1.05 you lose dumbass.

Show how you get these figures like $1.45 per go.... you're full of shite.

>>133509365
Kek, Tungsten is not rare at all. It is used in every single conventional light bulb in the world, and is much cheaper than Gold (about a third the cost). Besides what does weight have to do with it regardless?

>>133518807
Goddammit. In this example I was presenting a deflationary scenario. Do you not know what deflation is, or are you simply pretending to be stupid for Jewish sheckles?

Perhaps you can't even comprehend English, the lingua franca of all educated peoples absolutely anywhere in the world.

In either scenario, your'e fucking retarded. Get your shit together.

>>133501110

Do you know what value is? The pretty little pictures you lust after hold no inherent value, and without anything to back it the owners are free to print off as much as they please.

>>133502019
Its the end result of mining bitcoins. You suck the gold plating out of someone elses circuit board into your own.

>>133516587
It's fucked regardless, artificial inflation only makes it worse long term. In the short term though printing more money can actually be a useful strategy in increasing the money supply and as a result consumer spending.

What is really hindering our economy is entitlements, and nobody wants to work on actually fixing them so our debt keeps going up, and inflation gets worse regardless because we are slowly paying more and more to the interest on our debt.

File: Raid_on_Medway.jpg (4MB, 2874x1644px) Image search: [Google]

4MB, 2874x1644px

>>133500812
The gold standard is not my standard, we have the gGggGgHhhHulden.
Millions of New Amsterdamsels died for MUURstraat, NOT WALLstreet, Rabo bank, not Swindler and jood, all braise Michelle de Ruyter

>>133521347
What does that even mean? You choose not to believe it can work, therefore it doesn't? So long as there is consumer confidence in the dollar it will work, the whole fuckin' point of backing it with gold and allowing people to redeem real dollars for gold is so that confidence remains high, even in times of recession, or depression. Fractional reserve banking does work, and has, it is simply a matter of how well.

>>133500812
>anon uses /pol/ to get le redpilled answer for his latest AP US History essay homework

>>133502875
Consider the fact that PP of dollar has fallen by 40% in lats 17 years. So much for your price stability kike.

>>133503674
Copper rusts - ever saw the green stains on copper? Gold doesn't do that.

>>133503850
Oh boy, did you forget that (((FED))) caused the crash in 1929 and not the gold standard you dumb fuck?

>>133529393
>>133529548
>>133529759
Did you know you can reply to multiple posts at once?

>>133504611
minor correction: I think Woodrow Willson was blackmailed by (((Them))).

Still doesn't excuse him for betraying the nation and the people of the entire world.

>>133505861
absolutely correct. Have a (you)

>>133529393
Yes, but really having gold as a sole backing to one's currency can be quite dangerous. In terms of a recession your options for monetary policy actions are practically nonexistent when the rate of supply/exchange is fixed to gold alone. While it is not recommendable to have currency based on nothing it isn't good either today to have a 100% backed currency to one precious metal alone. Maybe a few hundred years ago it would have been alright when economies couldn't collapse in a matter of minutes, and when transactions were much slower and more predictable. Modern global banking is much more complex and harder understand, so one can't really come to terms with it by valuing it based on one precious commodity alone.

>>133501211
Backed by the price of gold =/= backed by gold itself

Why are people so stupid?

Ever since the late 60's, the middle class has sharply decreased in % in the US. Jobs are shit. Immigration policy has been mostly shit. Did leaving the gold standard have an effect on this?

Is the USD based on any commodities at all anymore? And if so, to what extent? Is it oil?

File: smugtsar.jpg (11KB, 148x192px) Image search: [Google]

11KB, 148x192px

>>133503691
>the government wont seize gold when it suits them

they will come for it when they need it, comrade

>>133510364
I'm guessing you reject most economic notions, contrarian edgelord. Keep taking what you learned in economics 101, or google, and rejecting them to sound smart.

>>133532547
ever since iran contra the dollar has primarily been backed by the sale of oil in dollars

>>133532547
There are so many factors which contribute to economic growth and recessions that it is difficult to pin its causes or contributors to any one thing. So while it may not have helped to leave a full gold standard system in which people could at any time trade their money in for actual commodity, it can't be seen as a sole contributor to any temporary downturn in GDP or growth. The United States government is still invested in gold and so it can be seen that the USD is 'backed up' by it, but people can only trade their dollars for gold through middle-men eliminating the official gold standard. Today commodities that the U.S. Govt. is invested in may be seen as 'backing up' the Dollar, but in the bigger picture the only real thing maintaining the dollars value is consumer confidence. Not even gold can replicate confidence in the dollar, it can only help improve it.

We should go back to having bronze, silver, and gold coins just for the aesthetics.

>>133533845
>>133533895
Thanks for the rundown guise.

>>133534445
Of course my dear ol' pal.

File: IMG_3136.png (1MB, 640x1136px) Image search: [Google]

1MB, 640x1136px

The gold standard wasn't very good.

I'm going full retard on gold this year. All my savings in a few 1oz coins. Can't afford to lose it to inflation when SHTF.

If only I could buy a rifle... fucking cuck gvmt

Can't have a credit engine to an economy with an asset backed currency.

>>133500812
Fake news. Literally.

File: WorryJoe.jpg (61KB, 500x638px) Image search: [Google]

61KB, 500x638px

Not using Rosland Capital for all of your Golden Needs.

File: money-changers-.jpg (212KB, 865x1390px) Image search: [Google]

212KB, 865x1390px

>>133500812
Mike Maloney has a pretty good series on it.

https://www.youtube.com/watch?v=DyV0OfU3-FU&list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc&ab_channel=GoldSilver%28w%2FMikeMaloney%29

>>133500812

It's more important to ask what it did/does.

It prevents government from fucking with currency--mainly from inflating it to pay their own debts.