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Old 08-02-2016, 01:26 PM
 
3,792 posts, read 1,892,641 times
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Quote:
Originally Posted by irspow View Post
A functional alternative? Many economists who are not Banking Cartel backers suggest the gold standard is a viable alternative to fiat currency...
The gold standard debunked.


We go on the gold standard. we ship our gold over seas. We have no more gold. So we go off the gold standard.


Don't forget. What ended The Great Depression was going off of the gold standard. That was the forgiveness of all the owed gold debt.
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Old 08-02-2016, 01:57 PM
 
Location: The ends DO NOT justify the means!!!
4,783 posts, read 3,169,760 times
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Quote:
Originally Posted by ContrarianEcon View Post
The gold standard debunked.


We go on the gold standard. we ship our gold over seas. We have no more gold. So we go off the gold standard.


Don't forget. What ended The Great Depression was going off of the gold standard. That was the forgiveness of all the owed gold debt.
I said gold was better than fiat. I also said that a collection of commodities that were not easily manipulated by a group of hoarders was better. And I even went further to say that a labor/time currency was even better.

Gold was indeed a failure as certain Families could manipulate the value of our currency at will...however, nothing is worse or more evil than fiat...
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Old 08-02-2016, 02:07 PM
 
9,984 posts, read 6,770,835 times
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Quote:
Originally Posted by ContrarianEcon View Post

Don't forget. What ended The Great Depression was going off of the gold standard. That was the forgiveness of all the owed gold debt.
WHAT ?
FDR stole our gold, then he mandated its price to DOUBLE after he
stole it, and handed it over to foreign bankers.
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Old 08-02-2016, 03:21 PM
 
Location: NC
5,122 posts, read 1,826,402 times
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If Emailary gets elected shes going to appoint Larry Summers as the head of the fed- he will be a failure just like she is.
The FED does need to become nonexistent, they only exist to prop up Wall Street anyhow.


Gold is a currency that can not be manipulated directly by the central bankers.
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Old 08-02-2016, 03:25 PM
 
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Quote:
Originally Posted by irspow View Post
And I even went further to say that a labor/time currency was even better.
Labor time is what we have. One hour of unskilled labor = $7.25 in the US. All we need to do is impose that standard world wide. And that is easy to do.
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Old 08-02-2016, 03:57 PM
 
Location: The ends DO NOT justify the means!!!
4,783 posts, read 3,169,760 times
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Quote:
Originally Posted by ContrarianEcon View Post
Labor time is what we have. One hour of unskilled labor = $7.25 in the US. All we need to do is impose that standard world wide. And that is easy to do.
A lawyer does not exchange an hour of his labor with a carpenter...we have a money token system that is based entirely upon exploitation rather than exchange...
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Old 08-02-2016, 04:04 PM
 
Location: The ends DO NOT justify the means!!!
4,783 posts, read 3,169,760 times
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Quote:
Originally Posted by tripleh View Post
If Emailary gets elected shes going to appoint Larry Summers as the head of the fed- he will be a failure just like she is.
The FED does need to become nonexistent, they only exist to prop up Wall Street anyhow.


Gold is a currency that can not be manipulated directly by the central bankers.
Gold backed currency allowed a few Families with vast bullion holdings to manipulate the value of the currency at will. This manipulation led "our" government to grant the Central Banking Families a monopoly over "our" currency and offer up the "people" as human collateral and perpetual slaves to the impossibility of "debt" in 1913. All under the guise that these private bankers would prevent inflation and stop wild fluctuations in currency value that they caused in the first place. And they still do it now with the fiat currency anyway...

Gold is marginally better than fiat, but it is hardly a solution for the Parasitic Central Banking Families concentration of the people's wealth for themselves. As long as they have a monopoly on the single legal tender, usury, and partial reserve "banking", we will forever be their slaves. (And so will our puppet government)
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Old 08-02-2016, 05:38 PM
 
3,792 posts, read 1,892,641 times
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Quote:
Originally Posted by irspow View Post
A lawyer does not exchange an hour of his labor with a carpenter...we have a money token system that is based entirely upon exploitation rather than exchange...
Minimum wage


and not all labor is equally as valuable and useful
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Old 08-02-2016, 05:40 PM
 
3,792 posts, read 1,892,641 times
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Quote:
Originally Posted by Snowball7 View Post
WHAT ?
FDR stole our gold, then he mandated its price to DOUBLE after he
stole it, and handed it over to foreign bankers.
End of WWII no more gold standard. The world's economy went off like a rocket.
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Old 08-02-2016, 06:40 PM
 
Location: The ends DO NOT justify the means!!!
4,783 posts, read 3,169,760 times
Reputation: 1335
Quote:
Originally Posted by ContrarianEcon View Post
Minimum wage


and not all labor is equally as valuable and useful
So all people's lives are not equally valuable. The lawyer's life is worth a hundred or so carpenter's lives. I get it.

Again, the "money" token system is one of exploitation and has no relationship at all to human exchanges.

It simply allows the absurdity of excess creating more excess for some while exploiting others to have less and less.

We will simply have to agree to disagree, a lawyer's life is not worth a hundred carpenter's lives in my eyes. And pushing around a pen for an hour is hardly worth an hour of hauling lumber around But then we have been raised from birth to believe exploiting our fellow man as much as possible is a "virtue"...
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