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.
Good luck... this will never happen. There is a good reason why we left the gold standard in the first place, a reason that still prevails: wealthy, influential people benefit from it. And everyone knows that those with money tend to make the rules.
Just because it would be a stupid move to switch to the gold standard doesn't mean that Romney-Ryan wouldn't try it. The tea party, the Koch brothers, and Grover Norquist all think it's a great idea, and guess what - they fund the party, so they'll do whatever their corporate libertardian masters tell them to do. I think the republicans are stupid enough to try it...they're just not ballsy enough to accept the consequences
Gold standard or paper standard does not make a different as long as there is a central that can maniplates the money supply.
The first step is get rid of federal power to print. It seem like their policy is print on good time, print more on bad time.
How can there still be people who do not understand that Congress abdicated its Constitutional power to coin money with the creation of The Fed? The Fed is a private banking cartel (read privately held corporation). In otherwords, as long as The Fed determines the US monetary policy the people have no say because Congress nullified their responsibility nearly a century ago.
Perfect timing for the economic elite and political class. After over three decades of wage stagnation and the collapse of the housing industry -
The 1% that own 78% of the nation's wealth can buy about 82% of the gold supply.
Doubtful. Really there is no reason for the elites to go to a gold standard. From a taxation and control standpoint it makes more sense for them to finalize digitization of this nation's currency. Sweden went this route earlier this year.
Already 97% of this nation's currency is digital in form. It won't take much to grab that last remaining 3% as people continue to use credit, debit, internet banking, and smartphone virtual wallets to pay for their daily transactions.
"Give me control of a nation's money and I care not who makes the laws." - Mayer Amschel Rothschild
Clue: Once all money in this country is digital the wealth can be pillaged with simple keystrokes (see MF Global).
"If they dare to come out in the open field and defend the gold standard as a good thing, we shall fight them to the uttermost, having behind us the producing masses of the nation and the world. Having behind us the commercial interests and the laboring interests and all the toiling masses, we shall answer their demands for a gold standard by saying to them, you shall not press down upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross of gold!"
"If they dare to come out in the open field and defend the gold standard as a good thing, we shall fight them to the uttermost, having behind us the producing masses of the nation and the world. Having behind us the commercial interests and the laboring interests and all the toiling masses, we shall answer their demands for a gold standard by saying to them, you shall not press down upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross of gold!"
It has been exceedingly easy for the US Treasury and The FED to steal the wealth of the Middle Class via monetary system manipulation of this quasi-fiat system.
Clue: How's that Quantitative Easing working for the Middle Class? Have wages risen or the stock market?
It has been exceedingly easy for the US Treasury and The FED to steal the wealth of the Middle Class via monetary system manipulation of this quasi-fiat system.
Clue: How's that Quantitative Easing working for the Middle Class? Have wages risen or the stock market?
Clue: You realize that the quotation was not me, but William Jennings Bryan? A clue was the photo of him underneath.
I bet dollars to donuts you don't understand 'Quantitative Easing' any more than my cat does. It is easy to read something on wikipedia or suchm, and copy the words to a thread, but to truly understand a concept is a whole different matter.
There is not enough gold in the world to back up the assets held within the United States for one. Two, it would make larger Global trade recessions (just imagine China hordes all the gold suddenly, then there is no money in circulation), and it does benefit the wealthy.
Horrible system that will make the economy much more unstable. Reason why almost every economist will say this is ludicrious.
It is funny watching some defend the monetary policy of the US. The same monetary policy that keeps us embroiled in middle east wars since the 1970's. The same people who scream why are we there. lol
This is no more insane than the rest of their platform. As if restricting the money supply to the mineable amount of gold available on the planet is not arbitrary.
FWIW - we have been militarily involved in the Middle East since 1790 at least.
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.
