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Old 11-19-2011, 03:55 PM
 
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Quote:
Originally Posted by GuyNTexas View Post

That's not true either, there is plenty of gold in the world, the only problem is that about 500 Trillion worth of it has been stolen and is sitting in a Rothschild vault complex .
Assuming this is true, there is your gold standard, now a monopolist's hoard. Its no better than the Fed.
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Old 11-19-2011, 04:07 PM
 
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Quote:
Originally Posted by Ironmaw1776 View Post
Defending a fraudulent fiat currency by claiming that an honest currency based on gold or silver would be handled fraudulently by the banks is a disingenuous argument.

It is not the fault of the currency itself in that case, as is the case for any fiat currency without true standardization, but the fault of corruption in the system.

The fact is, and has always been, any monetary system that employs fiat currency without standardization will inevitably end up causing hyper-inflation, what is happen all over the world right now ...

Have you thought about what might occur if there is such a level of unaccounted for gold created as a standard? Gold has led us to depressions and huge transfers of wealth every time we tried it. I''d say the Long Depression and Great depression are a pretty bad track record. With inflation you can just convert your surplus cash in something that stores value which is exactly what I do. That is nothing compared to depressions which makes it difficult to create and store value.

I'll take free banking over that.
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Old 11-19-2011, 04:11 PM
 
Location: Northern CA
12,770 posts, read 11,523,850 times
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Quote:
Originally Posted by jetgraphics View Post
[image of goose cooked]
We can't go on with debt-credit money tokens, borrowed into existence, at usury.
We can't go back to gold / silver coin, because there is not enough bullion, and it can't grow with the economy.
We can't allow usury because it requires an infinitely growing money token supply.
We are [expletive deleted]

Ozmirage, Emerald City of Dreams : Monetary Reform Manifesto (http://www.ozmirage.org/anic/tiki-read_article.php?articleId=4 - broken link)
Going back to a gold standard would require a lot smaller government - that's a good thing!


Ron Paul: End the Fed, Legalize Competing Currencies! - YouTube
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Old 11-19-2011, 04:12 PM
 
25,024 posts, read 27,824,637 times
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Quote:
Originally Posted by GuyNTexas View Post
You can<snip>
Of course, that isn't going to happen ... but that is the solution. Anything else is just more smoke & mirrors.
I'm going to reply to you with this quote from another poster.

Quote:
Originally Posted by jetgraphics View Post
[image of goose cooked]
We can't go on with debt-credit money tokens, borrowed into existence, at usury.
We can't go back to gold / silver coin, because there is not enough bullion, and it can't grow with the economy.
We can't allow usury because it requires an infinitely growing money token supply.
We are [expletive deleted]

Ozmirage, Emerald City of Dreams : Monetary Reform Manifesto (http://www.ozmirage.org/anic/tiki-read_article.php?articleId=4 - broken link)
He's right. Where are you going to get the gold to support trillions? This was fine in the old days, when population was small. Here's another quote that would answer your post quite well. Emphasis mine

Quote:
Originally Posted by jetgraphics View Post
Why not gold?
Fort Knox Depository allegedly holds 147.4 million ounces.
USA Pop. 305 million.
Less than 1/2 ounce per capita.
Not enough.

World wide supply (est) 5.3 billion ounces
World pop.6.7 billion people
Less than 1 ounce per capita
Not enough.

What about silver?
Unlike gold, silver is not stockpiled and is also of insufficient quantity to function as a medium of exchange on a national or international level.
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Old 11-19-2011, 04:32 PM
 
Location: Northern CA
12,770 posts, read 11,523,850 times
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As the dollar weakens, we require more of it, and accumulate more debt borrowing it, to maintain the status quo. Included in that status quo is more wars, militarism, and support of foreign nations. Enough! Cut the gov't, cut the umbilical cord, restore sovereignty.

did you know?
Under the guise of “protecting civilians,” the United States led NATO into Libya and is attempting to assassinate the Libyan leader. Of course, Libya happens to be the largest oil producer in Africa, but many do not realize that Gaddafi was planning to introduce the gold dinar, a single African currency that would serve as an alternative to the U.S. dollar and allow African nations to share the wealth. It is surely no coincidence that Iraq’s prior leader, Saddam Hussein, was trying to do the same thing just prior to U.S. invasion for all of those “weapons of mass destruction.”
Invasion of Libya was About Gaddafi’s Plan to Introduce Gold Dinar | Gold Stock Bull (http://www.goldstockbull.com/articles/libya-invasion-gaddafi-plan-gold-dinar/ - broken link)
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Old 11-19-2011, 04:44 PM
 
7,374 posts, read 8,724,831 times
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I agree that Gold might not be the best standard ... Here is an interesting article on the issue ...


Debt-Free Money or Resource-Based Economy Superior to Gold Standard | Gold Stock Bull
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Old 11-19-2011, 05:09 PM
 
29,981 posts, read 42,803,143 times
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A Priori Theory and Sound Money - Thorsten Polleit - Mises Daily
Quote:

To sum up, Mises's sound-money principle can be logically deduced from the axiom of human action, which is at the heart of praxeology; the sound-money principle is axiomatic in nature.

This is all the more important as we find that the sound-money principle has been replaced by the unsound-money principle the world over:
  1. money production is monopolized by government, and
  2. government's power over money production is leading to ever-greater violations of individuals' private-property rights.
It is in this way that fiat money — with all its corruptive consequences — is instrumental in eroding the fundament of the free-market order, increasingly transforming it into a socialist order.
The way back to the sound-money principle is theory dependent. Mises wrote,
The belief that a sound monetary system can once again be attained without making substantial changes in economic policy is a serious error. What is needed first and foremost is to renounce all inflationist fallacies. This renunciation cannot last, however, if it is not firmly grounded on a full and complete divorce of ideology from all imperialist, militarist, protectionist, statist, and socialist ideas.[14]
In Defense of the Gold Standard
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Old 11-19-2011, 05:10 PM
 
20,577 posts, read 19,242,830 times
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Quote:
Originally Posted by claudhopper View Post
Going back to a gold standard would require a lot smaller government - that's a good thing!


Ron Paul: End the Fed, Legalize Competing Currencies! - YouTube
If you don't like government involvement then why declare legal tenders? Fiance is a far worse enemy these days anyway.
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Old 11-19-2011, 05:14 PM
 
20,577 posts, read 19,242,830 times
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Quote:
Originally Posted by lifelongMOgal View Post
I don't see a thing about gold in that. I do see something about money monopolies, which is what a gold standard is. Public monopolies can be necessary evils, but private monopolies instituted by law are the worst of everything.
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Old 11-19-2011, 05:38 PM
 
Location: Free From The Oppressive State
30,164 posts, read 23,555,924 times
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Quote:
Originally Posted by 2e1m5a View Post
I feel very sorry for the misguided few that think we need a privatized Central Bank, run by International bankers with international interests, to control our economy and dictate currency levels.

America is one of a few countries where it explicitly says in our Constitution that the states have a right to issue and control currency, not a private bank with unlimited amounts of power.

Congress approved $700 Billion in Bailout Money, The "Federal" "Reserve" issued $16 Trillion, many to International companies with no influence on America.
There has never been an audit on The "Federal" "Reserve" but upon a preliminary look into the "Fed's" activities, 18 current and former Chairman were found to have strong connections to companies and banks that received Bailout money.

The secrecy and lies of the "Federal" "Reserve" are a disgrace to democracy and it must be abolished.

This is the longest period in American history that the people have let a private Central Bank control the country.

Bank of North America 1782-1785
First Bank of The United States 1791-1811
Second Bank of The United States 1816-1836
The Federal Reserve 1913-When will Americans wake the F up?


"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
- Henry Ford

"As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed." Abraham Lincoln


"I believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies." ~Thomas Jefferson
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