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If the U.S. were to mint one ounce-gold coins and regulate the value thereof to be $1M a piece, I'll bet boatloads of gold would be arriving from China and India.
In a perfect world... we'd all like to be able to trade sea shells... but if all governed nations money is backed by gold... The World Bank controls everyones money... So sea shells wouldn't be honored... Unfortunately...
Doesn't matter what some one world government says has value and what doesn't have value. I can take one of my rifles right now and trade it for a horse, groceries, building materials, etc...and it makes no difference that the American dollar's value has declined dramatically over the course of its history.
It would take a world in another dimension for a global gold standard that unites all currencies to exist. Consider the pains the Europeans still face over the adoption of the Euro, and now you expect all nations of the world to just accept this concept. Perfect world, more like bizzaro world.
Doesn't matter what some one world government says has value and what doesn't have value. I can take one of my rifles right now and trade it for a horse, groceries, building materials, etc...and it makes no difference that the American dollar's value has declined dramatically over the course of its history.
It would take a world in another dimension for a global gold standard that unites all currencies to exist. Consider the pains the Europeans still face over the adoption of the Euro, and now you expect all nations of the world to just accept this concept. Perfect world, more like bizzaro world.
That's exactly was is being attempted here... A Gold standard is being proposed to all the worlds leaders at the G20 summit... If you want to call it bizzaro world... So be it...
Funny thing actually... but not so funny when you really think about it... If you've ever seen a movie called "If Looks Could Kill"... It's actually an action comedy but the story line is literally being played out by the World Bank right now in real life... Which is not funny...
If the U.S. were to mint one ounce-gold coins and regulate the value thereof to be $1M a piece, I'll bet boatloads of gold would be arriving from China and India.
The push towards ending our national sovereignty and globalization has been ramped up into overtime the past several years but it has been going on more discretely for decades.
I can see from the many posts that most people confuse the dollar bill (note) with a dollar (coin).
Since 1933, dollar bills have had no par value (worthless). The government ceased redeeming their notes (IOUs) with coin.
In fact, FDR confiscated all private money and made it unlawful for "free" Americans to own lawful money. (What a sweet guy!)
Pursuant to the Coinage Act of 1792, a unit dollar is a silver coin. Gold coins were called "eagles". However, in the Coinage Act of 1872, silver was demonetized, and therefore only gold coins were deemed lawful money.
Fast forward to 2010, and the national debt, denominated in DOLLARS (not dollar bills). When the debt hits 14 trillion, that will be a legal obligation to coin 700 billion ounces of gold.
Does anyone see a problem?
Worldwide supply of above ground gold is estimated at 5.3 billion ounces.
Since Congress has no power to create money (if it did have the power, why would it need the power to borrow money?), where is the gold (700 billion ounces) lent to the U.S. Congress to substantiate the debt?
Or is that debt a complete FRAUD?
Oh, right, the public debt cannot be questioned, pursuant to Amendment 14, section 4.
If the U.S. were to mint one ounce-gold coins and regulate the value thereof to be $1M a piece, I'll bet boatloads of gold would be arriving from China and India.
Well, maybe.
You have that backwards.
The gold will stay with the current owners of said gold.
What is more frightening - who is going to be taken as collateral for the "bad debt"?
The U.S. Congress has "floated" a public debt, that is not only impossible to repay, but tricked 300 million Americans into underwriting that debt as "human resources".
When the creditor comes to foreclose, the Congress has no assets to surrender. If the U.S. government dissolved tomorrow, DC would revert back to Maryland state.
This is a bad time to be a "contributor" under FICA.
You have that backwards.
The gold will stay with the current owners of said gold.
I wonder why the founders of this country weren't worried about this "truth".
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