Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
If the dollar collapses( its already about worthless) can't the government seize gold to back a new currency? Some states want to start using silver and gold as currency again which is giving the treasury and Fed fits.
Fort Knox is empty according to conspiracy theorists, and I'd have to agree with them.
If the dollar collapses( its already about worthless) can't the government seize gold to back a new currency? Some states want to start using silver and gold as currency again which is giving the treasury and Fed fits.
Fort Knox is empty according to conspiracy theorists, and I'd have to agree with them.
How will they seize it? It didn't work in 1933, and I can't see how it works today.
Gold is not a currency these days, it is just a tradition like collecting paintings etc. We only attribute value to those paintings, but in material terms a Rembrandt is not worth more than 15 dollars.
I assume that originally the value of gold was really an artistic one. Its color and shining surface simply appealed to the human eye. It was used in temples, churches, etc.
I assume our current appreciation of gold goes back to gold coins.
But these days economies are so huge that gold is just a drop in the ocean.
One could use anything, as long as people agree to use that.
Most value today does not really exist anyway, it is just numbers in computers. Quite a difference compared to the times when people used material currencies only.
Gold represents the human tendency to try and hold on to stuff. I prefer the Buddhist easy come, easy go attitude
I also don't like gold (and gems) because it means that Africans and others have to mine that stuff under oftentimes horrible conditions.
Gold is not a currency these days, it is just a tradition like collecting paintings etc. We only attribute value to those paintings, but in material terms a Rembrandt is not worth more than 15 dollars.
I assume that originally the value of gold was really an artistic one. Its color and shining surface simply appealed to the human eye. It was used in temples, churches, etc.
I assume our current appreciation of gold goes back to gold coins.
But these days economies are so huge that gold is just a drop in the ocean.
One could use anything, as long as people agree to use that.
Most value today does not really exist anyway, it is just numbers in computers. Quite a difference compared to the times when people used material currencies only.
Look, there has to be some form of currency. A civilization is built on trade, and in order to trade you have to have a currency. The reason gold was used as a currency was because it didn't tarnish and because it was rare. Those properties meant gold could be saved without losing its luster and value. It was an item that was just convenient to use as a currency. Unlike dollar bills which have to be replaced regularly. And will disintegrate from water, and will tear easily, and otherwise just fall apart from repeated use.
I think peoples infatuation with gold as a currency in the form of the "gold standard" has less to do with actual infatuation of gold itself, and more the desire to end the federal reserve and restore liberty.
There is nothing wrong with having currency value in a computer, as long as it is based on something. The problem is that the currency we have now is based on nothing, it has no value relative to anything, it is backed up by nothing, it is created only be debt, and destroyed by the payment of debt. But because all money is loaned with interest, it is impossible for all debt to be paid off. Which means that the only way to pay off the already crippling debt is with more debt. Our whole system is simply a constant expansion of debt, which creates more dollars, which creates inflation.
The existence of the federal reserve and our currency system has destroyed the principles of savings and thrift. Because banks don't need savings to loan money, they can just borrow newly created money directly from the federal reserve. This move away from the culture of saving has led to the culture of consumption. Because the only thing that gives our currency value, is the strength of our economy. And the strength of our economy is based on consumption.
Which is why anytime there is trouble in the market, you have politicians making a desperate plea to keep people spending money, while handing out stimulus after stimulus.
The government likes this system, because as long as they can keep increasing consumption, our economy will be strong, which enables them to keep printing off more and more money to pay for their nonstop wars and entitlement programs. Central governments love being able to just print off money to finance whatever they want. In the old days if a country wanted to go to war with another country, they would have to raise money to pay for it through an increase in taxation. This was hard to do because it pissed people off. Now if you want to go to war, you just print off the money and inflate the dollar, and most people don't notice or understand what is really happening.
Right now about 1/3rd of all government spending is financed by debt through the Federal reserve system. Without the Federal reserve, you would see an instant 1/3rd drop of the system of the Federal government. Instead of incomes increasing during the recession in Washington D.C., you would see a desperate government scrambling to shrink itself and to lower costs.
Without the Federal reserve, our government as it is could not function. Its just too large and expensive. The Federal Reserve was necessary for the progressives/socialists like Woodrow Wilson and Franklin Roosevelt to implement their far-reaching social programs.
I also don't like gold (and gems) because it means that Africans and others have to mine that stuff under oftentimes horrible conditions.
If people are forced to mine for minerals, it is a symptom of a larger problem than the mineral itself. If not gold, it could be diamonds, tanzanite, or anything else.
Many neo-progs use footage from African mines as a means to infect people with guilt over using gold.
If people are forced to mine for minerals, it is a symptom of a larger problem than the mineral itself. If not gold, it could be diamonds, tanzanite, or anything else.
Many neo-progs use footage from African mines as a means to infect people with guilt over using gold.
I don't see it that way at all. It has enslaved most people now.
well today yeah. but i meant in ancient times there was a big problem with unfair trade, even between 2 individuals. in some extreme instances, ancient people would "give away" their daughters or sons as payment for things! so back then money were i.o.u.'s tethered to a future promise of something. certainly a better idea than giving away your daughter or son! .. money and value today have become so convoluted and corrupted. it's sad.
well today yeah. but i meant in ancient times there was a big problem with unfair trade, even between 2 individuals. in some extreme instances, ancient people would "give away" their daughters or sons as payment for things! so back then money were i.o.u.'s tethered to a future promise of something. certainly a better idea than giving away your daughter or son! .. money and value today have become so convoluted and corrupted. it's sad.
In the rule of law under a constitutional government, human lives could not be exchanged. Money does not enter into the equation. Trading people is more representative of a democracy or anarchy.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
so back then money were i.o.u.'s tethered to a future promise of something. certainly a better idea than giving away your daughter or son! .. money and value today have become so convoluted and corrupted. it's sad.
