Exactly. Consider how crazy it sounded to talk about getting rid of the British rulers in the America around 1750? That seems about where we are. No one has an idea yet.
Exactly. Consider how crazy it sounded to talk about getting rid of the British rulers in the America around 1750? That seems about where we are. No one has an idea yet.
halik
Lifer
- Oct 10, 2000
- 25,696
- 1
- 81
Because our economies are by far the most homogeneous of all economic unions out there. Just try to compare the U.S. to the EU... cultural similarity, freedom of labor, regulations, gdp/capita etc. The reason why United States is and has been the most powerful country in the world is because we de facto are 50 identical countries.
Think about the synergies from having the same language alone...it's huge.
Most western countries now accept English language as the central language, so that edge will be lost in the near future.
Yes,! As long as:
1. The US Dollar is the currency
2. Only the US can print the currency.
3. All major banks sources located in the US
4. And only the US can make monetary policy
Any other questions?
1. The US Dollar is the currency
2. Only the US can print the currency.
3. All major banks sources located in the US
4. And only the US can make monetary policy
Any other questions?
Absolutely not.
Why is it that when crisis happens (most of the time out of thin air it seems) there is always a push to give the power to a central place like its necessary to prevent the sky from falling much like today. Be it a world currency/bank or government position.
Just seems very suspicious.
Why is it that when crisis happens (most of the time out of thin air it seems) there is always a push to give the power to a central place like its necessary to prevent the sky from falling much like today. Be it a world currency/bank or government position.
Just seems very suspicious.
No way... take a look at OPEC and see how well that turned out. Now imagine an "IBBC". How many times have OPEC met over the last 6 months to "cut oil production"?
I'll never understand the human brain. The fiat reserve system fails, a monopoly within each country that is pegged to ours, and the solution you want is to have a global currency monopoly run by a small committee of magical issuers incapable of corruption and greed?
Money should be a PRODUCT that best facilitates trade between other products. Something like gold derives its value from its material scarcity. Fiat is an IOU note that derives its value from confidence in a MANUFACTURED scarcity of a COMMON/WORTHLESS material. It is entirely dependent on (a) coerced acceptance and (b) trust in a few men to uphold its scarcity, which has never worked, ever, in the whole of human history, but we keep trying like drunk lemmings to make it work. The definition of insanity is doing the same thing over and over again and expecting different results. If you are on a 100% gold standard, you simply don't have to worry about laboring to obtain something that another man can generate with no effort at all. The dollar will end like the continental did, it's inevitable, and we'll go back to the global market currency we had under gold, perhaps with a little less arrogance.
Money should be a PRODUCT that best facilitates trade between other products. Something like gold derives its value from its material scarcity. Fiat is an IOU note that derives its value from confidence in a MANUFACTURED scarcity of a COMMON/WORTHLESS material. It is entirely dependent on (a) coerced acceptance and (b) trust in a few men to uphold its scarcity, which has never worked, ever, in the whole of human history, but we keep trying like drunk lemmings to make it work. The definition of insanity is doing the same thing over and over again and expecting different results. If you are on a 100% gold standard, you simply don't have to worry about laboring to obtain something that another man can generate with no effort at all. The dollar will end like the continental did, it's inevitable, and we'll go back to the global market currency we had under gold, perhaps with a little less arrogance.
Yeah right, 50 identical countries. Maybe you need to travel to different states a little more and talk to people from different states a little more. Not only is the economy different from state like CA and Indiana different, the culture and language (like Spanish is everywhere in CA) is quite different as well.
I will give you that US is relatively similar compare to other union, but that's the result of the 200+ years of under one, not only economic system, but government system as well. Think 200 years ago how different each part of the US is. And if we ever want the world to enjoy the same prosperity, homogeneity, and the closeness (some people would probably argue that...hehe) between the union in the US, we have to start slowly integrate different parts of the world into one. (keyword is slowly)
sandorski
No Lifer
- Oct 10, 1999
- 70,858
- 6,394
- 126
The glitter has blinded you. Fiat Currency makes much more sense than Gold Currency. Even with the Gold Standard Economic troubles were major issues.
The main reason the California Gold Rush was such a big deal was mainly because the US was effectively Bankrupt after spending all its' Gold. Suddenly it had Gold again and everything went from Bust to Boom. It wasn't because the US began Exporting Goods or Services, it was simply because some Hobo found some yellow metal in a Crick. That makes no sense at all.
KlokWyze
Diamond Member
He still doesn't get that gold is a desire priced commodity with no intrinsic value. People can manipulate it just as easily and our economy can be borked from simple currency war quite easily under a gold system.
Nemesis 1
Lifer
- Dec 30, 2006
- 11,366
- 2
- 0
To OP. Better question. Would you willing become a slave . Whos going to get Best of Everthing. The poor going to catch a break. Not,
Gold works as a standard so long as you do not circulate the metal. Use Gold notes.
If you circulate Gold its worse than what we have.
Its mute anyway the Gold in knox was stolen by the Fed along time ago. Now the IMF has it. Prove their is Gold in knox. AN audit would work LOL!!!
Gold works as a standard so long as you do not circulate the metal. Use Gold notes.
If you circulate Gold its worse than what we have.
Its mute anyway the Gold in knox was stolen by the Fed along time ago. Now the IMF has it. Prove their is Gold in knox. AN audit would work LOL!!!
CADsortaGUY
Lifer
A gold standard fails because it allows the government to lose control of the economy, and thus is more easily manipulated by external situations and people. With a government(s) that knows what it's doing and is working toward the good of the people, the 'fiat' money system is the lesser of two evils.
Uh huh, that's why it always fails and lays waste to its people. Name one 100% fiat currency that has lasted for more than a century.
Right, because even when we were on a gold standard, banks were allowed to create redeemable notes for which no metal existed and loan it out at interest. When you allow fraud on such a fundamental level, shit happens. It's called fractional reserve banking, it causes banks to be fundamentally insolvent and experience runs, and 90% of the people who attempt to argue with gold advocates don't realize this, losing the argument before it even begins.
The gold standard also can't stop the government from price fixing interest rates and other things, or heavily taxing or oppressing the property and political rights of its people. Gold money is AN ingredient to lasting prosperity, not THE ingredient. Psychotic policies can and will fuck you elsewhere even when you have market-determined money.
Wow, going off the gold standard and issuing wads of unconstitutional cash to fight a possibly unnecessary war raises demand for a money that maintains its value relative to other goods?
The U.S. has always had exports, and gold can and did facilitate stable trade for the reasons I outlined above. Plus, you never export for the sake of exporting. You export to get something you lack in return. If you're making products and shipping them overseas for an endless stream of paper IOUs, how is that beneficial to you? It isn't. Sometimes consuming more of what you are producing is the best thing to be doing.
First of all, nothing has "intrinsic value," that is a bullshit term, so why are you using it as criticism? Value as we perceive it depends on the human situation surrounding it. A box of fruity pebbles is worth more than a suitcase full of cash to a man starving alone on a mountain. To the extent that gold is desired to facilitate trade with others in a society and store wealth for its unique set of characteristics (voluminously rare, doesn't rust, spoil, die, or require upkeep), gold has fucking value. That's why 60% of currently mined gold is sitting in a bank or government vault somewhere. That's why humans used it for centuries to build entire civilizations. Buy a freaking clue already, enough with the arrogance and tinfoil.
Explain a situation in which this could be brought about. Country A is on a gold standard, Country B is going to manipulate them into poverty.
Care to elaborate, I have no idea what you are talking about? The gold standard doesn't allow the government to lose control of the economy, YOU allow the government to lose control of the economy by letting them shirk its discipline. So yes, congrats to you and your doomed offspring for being convinced that something which always gets counterfeited into oblivion by its issuer is a superior means of facilitating trade and preserving the working man's wealth.
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