Would you support a one world currency/bank?

[piasabird]

Muslim central Bank.

 

[Mani]

A single bank gives that bank's governing authority limitless power. It may as well be a one-world government because that bank can bend any nation to its will.

So no.

 

[First]

Originally posted by: bamacre
I guess slavery and totalitarianism are tested, tried and true, as well? Fascism, tried and true? Genocide, tried and true?

Because something is an old or new idea doesn't mean it's a good/bad idea.

Except there were obvious disadvantages to slavery and totalitarianism (immoral, inefficient, etc.) during their use for centuries, the concentration of power in a select few's hands is by and large what allowed it to persist for so long. Your excuse for fiat still being used is, um, some sort of nebulous corruption angle, perhaps because the Illuminati gas us if we don't comply with fiat?

Bottom line is that fiat is used worldwide because it works, the alternative of fixed exchange rates based on commodities or some variation thereof is at this point clearly inferior on the whole.

 

[miketheidiot]

Originally posted by: BansheeX

Originally posted by: sandorskiThe glitter has blinded you. Fiat Currency makes much more sense than Gold Currency.

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.

name a gold standard currency thjat lasted more than a century

Even with the Gold Standard Economic troubles were major issues.

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.

gold = fixed exchange rates. fixed exchanged rates = economic disaster.

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.

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?

gold does not maintain it value relative to other goods.

Originally posted by: LegendKillerHe still doesn't get that gold is a desire priced commodity with no intrinsic value.

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.

gold is worthless. also your talking about tinfoil and telling other people to get clues is pretty ironic.

Originally posted by: LegendKillerPeople can manipulate it just as easily and our economy can be borked from simple currency war quite easily under a gold system.

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.

perhaps you could investigate the history of the gold standard that you claim to know so much about, particularily between france and england in the 1920's

Originally posted by: Fox5A 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.

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.

do you think? i'm really starting to doubt it.

 

[Nemesis 1]

Originally posted by: Vic
The fault with the gold standard is that it would effectively hand control of the nation's wealth and economy to those few who already own gold. It's like claiming we'll be free if only we switch masters. Sorry, no.

No Vic. In FORt Knox . Their is suppose to be a huge supply of Gold . More than 1/2 the worlds total.

THe government says its still there.Isay the government is a fraud and doesn't represent the people of the United States. That money was stolel illigeally by the Fed. With the help of government. I can prove what I say. Because The US Government refuses to audit the Gold. Which means only one thing . The bastards stole are Gold . Now their going for a land grab.