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What would happen if the world returned to the gold standard?
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<p>[QUOTE="cladking, post: 8243711, member: 68"]The real problem is we waste entire factories by setting them up to make products that are no good for anything. And then we operate them so poorly that the worthless product requires double the input required to produce them. If all this weren't bad enough we shut them down while they're still "profitable" and the owners take the pensions and assets while shipping the jobs of making garbage to China. We even make products that don't really need to be made or barely need to be made but people buy them to top off their garbage cans every week. Why have a dumpster or a large bin if it's not full week after week? </p><p><br /></p><p>Even the best factories are wasting significant amounts of raw materials and product and vast amounts of human potential. The left hand never knows what the right hand is doing. The workers who operate the equipment and tools are not told what they cost or trained to operate them, and the leaders are all pulling in dozens of different directions because none of them are trained in the entire business or are not educable in the entire business. Most bosses are not productive at all and their job is to invent work for other bosses which impedes productivity even further unless the new work hamstrings a boss that was even worse than the first. </p><p><br /></p><p>If you divide the total debt of the world that was created by excessive spending relative the machine that creates wealth by the total quantity of gold in the world you'll get far more than $40,000 per ounce.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 8243711, member: 68"]The real problem is we waste entire factories by setting them up to make products that are no good for anything. And then we operate them so poorly that the worthless product requires double the input required to produce them. If all this weren't bad enough we shut them down while they're still "profitable" and the owners take the pensions and assets while shipping the jobs of making garbage to China. We even make products that don't really need to be made or barely need to be made but people buy them to top off their garbage cans every week. Why have a dumpster or a large bin if it's not full week after week? Even the best factories are wasting significant amounts of raw materials and product and vast amounts of human potential. The left hand never knows what the right hand is doing. The workers who operate the equipment and tools are not told what they cost or trained to operate them, and the leaders are all pulling in dozens of different directions because none of them are trained in the entire business or are not educable in the entire business. Most bosses are not productive at all and their job is to invent work for other bosses which impedes productivity even further unless the new work hamstrings a boss that was even worse than the first. If you divide the total debt of the world that was created by excessive spending relative the machine that creates wealth by the total quantity of gold in the world you'll get far more than $40,000 per ounce.[/QUOTE]
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