Return to Gold Standard and price per ounce

Manhattan 1624

 

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Actually, most of Colonial North America used Beaver pelts.

 

So in your opinion there was never a banking crisis during the gold standard...
I swear Clouds, you just make stuff up sometimes. Forget about the facts. Forget that there isn't even enough gold in the world to BACK the US economy, forget that the Gold standard caused 2 recessions last century, forget that nothing in this past banking crisis had to do with gold standards, nor did it impoverish you, or anyone else here, so much that your internet connection was taken away, forget that Government control of the economy is a stated purpose of the US Constitution... forget the implosion of the Spanish Empire because of Gold Fever...

Forget all that...

For you the Gold standard isn't an economic theory (one that has proven to be a failure...as a fact BTW), its a religion. And anyone who disagrees is politely told that we've been brain washed: ie We've Learned otherwise.


I'll tell you something Cloud, your no Sam Adams, Gilbrath, or Milton Friedman.
You completely don't understand the analysis, you don't understand the math and your study of financial history has a lot to be desired.

Let me leave you with this. Having Gold money isn't worth a darn thing if your broke and unemployed. The idea that most of my ancestors had any "gold to spend" is hilarious.

Ruben

 

Yeah - at the 7-11 .. just this morning

 

Your WRONG. In Fact, a NATIONAL DEBT PAID IN US DOLLARS IS THE CORE of our financial stability.


Ruben

 

No. That was never my point. Have you even read anything that I've posted? My point is that gold can be used as a currency, just as it has been in the past. People keep trying to say that gold can't be money because there were banking crises in the past. We'll, we've had banking crises under fiat money too. That's a regulatory problem, not a currency problem. But under gold, you won't have the periodic episodes of the actual money going to a zero value. And you have to distinguish between the gold system and a gold exchange system. The gold exchange system can fail because it is a fractional reserve system that permits the use of leverage. If you study the gold system, which you obviously have not, there is no systemic risk of this happening absent fraud.

This information is available for those who want to learn more. For those happy with their unfounded opinions, that is your right also. I am not a goldbug. Never was. But facts are facts.

 

Then debt is good? The more debt, the greater the financial stability? Less leverage equals greater instability? Where do you get this stuff?:rolling:

 

Try to get a beaver pelt "slabbed".

Just try.

 

that is correct. Debt is good. I know you've been told this before and links to advanced analysis of economic principles has been indeed given you. Your refusal to learn is not going to change the validity of the basic principles.

Ruben

 

Good luck selling that Keynesian nonsense to Greece, Iceland, and a few million former homeowners.

 

Maybe you can get around to exmplaining to everyone how Greece can fix its problems and the riots, with a gold standard. I doubt that the rioters with the cushy government subsidies and jobs will be less violent by restricting their government spending by 1/10th, which is what putting Greece on the Gold Standard would accomplish.

Ruben

 

Since you seem to be here to engage in name-calling, this discussion is ended for me. I'll just leave everyone to ponder your words and decide for themselves.

 

You have no point.

All too often and you've insulted me enough times with this quackary that you keep foisting on everyone

No - it could NOT and it never was. There isn't enough Gold...

Tell me when we are going to fast for you. THERE ISN'T ENOUGH GOLD in the WORLD to account for all the MONEY in the economy. FURTHER MORE, in order to USE GOLD in the SHORT TIME That it was used, they had to FIX the price and some artificially LOW value, which is all but the same thing and using CLAD.

No - your lieing. People have told you 100's of times that you can't use gold because it would through the economy into a permanent depression.

Send me your Zero Value Western Currencies. I'll pay the postage. Just because YOU SAY that doesn't make it less of a lie.

No - I don't.

Which part of, THERE IS NOT ENOUGH GOLD IN THE WORLD haven't you gotten yet?

Did you get your PhD in economics for the University of chicago yet?

The lambskin is in the mail.

Ruben

 

Yeah - that is impressive. You repeadely lie and then duck.

 

Ruben Safir - Proud owner of US Savings Bonds! Payable in US CASH.

 

taxidermy?

 

Gold fever is a terrible thing.

 

Debt is Good for the Loan Sharks

Yes,debt is good for the parsites that get rich off the interest.Parasites like the heads of Citi-Group charging up to 21% on a personal loans.Yeh,my debt was good for them.My interest payments helped them maintain a lavish lifestyle they feel they are entitiled to.Fortunately,I paid them off but had to retreat to living at the Salvation Army for several months where I studied daily as much as I could about who these people are that cause so much despair.
As for your comments:
"In Fact, a NATIONAL DEBT PAID IN US DOLLARS IS THE CORE of our financial stability".
These comments are totally ridiculous as are your references to beaver pelts and the monetary policy of a 7-11 store.
I do not have a degree in economics but I at least know what hyper-inflation is and what printing paper money to solve a country's problems can do to a nation.
http://wallstreetpit.com/4468-us-dollar-no-longer-russia-reserve-currency
I would say that idiotic people like yourself are not part of the solution but only a big part of the problem.

 

Really, other than your ignornant populist diatribe, your completely clueless. Listen, let your wife handle your checkbook.


Oh - BTW - Inflation isn't caused by National DEBT....


The stupidity of your confusion starts with you thinking that private debt and public debt are in any way similar or related.

Its a common misconception, I know. But that doesn't excuse the ignorance.

But since your flapping about ungracefully about your keyboard making stupid remarks, lets not just suppose that your entirely useless and unable to think. Lets have hope and pose the following question to you.

When someone BUYS US Treasury notes, thereby creating public debt, those DOLLARS, a limited resource, disappear from the market. What happens to the value of the Dollar then? Does it go UP? Or does it go DOWN?

I know it is a tough question, but here is a useful link to help you think about it.

http://wfhummel.cnchost.com/index.html

BTW - just because you have a few dollars in your wallet and a checking account doesn't mean you have even SLIGHTEST clue about monetary policy and economics.


Ruben

 

Jesus Christ, use the multi-quote button. It's there for a reason. I'm gonna avoid all your threads or threads you post in until you figure that out.

Also, you're entitled to your opinion, and all I have to say about it is that I'm glad you're nowhere near the power structure of our country.