why is gold and silver going down right now?

I'll tell you what. This is getting boring with you failing to formulate proper questions and me asking you to be more clear. So I'll do you one better. This is the link to A. Fekete's website. If you go under money and banking, there is a wealth of information on the gold system. While I don't agree with all of his opinions on current events, I'll give him credit for actually researching how the gold system operated in the US and elsewhere and preserving the knowledge. There are others such as Mises and some writers on Lew Rockwell who profess to honor the gold standard, but merely theorize about it. Fekete demonstrates what happened in the real world. So if you spend time with this, you'll be in a better position to discuss practice instead of arguing theory.

http://www.professorfekete.com/default.asp

 

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I can answer this one for you. It is the Rothschild family who has since incorporated other familes such as Morgan (Chase, Citi), Rockefeller, and others. Originally they kept things in a close circle by only allowing marraige between first cousins, but have since decided the branching the family tree might be a good idea. The Bush family is lower on the totem pole. If you have seen someone's face they aren't really in a position of power. The Arab oil billionairres are small potatoes too. If you aren't printing trillions of dollars for yourself you're not the one calling the shots. If you aren't lending your conjured money to governments for centuries after inciting them into endless wars to profit from both sides of a manufactured conflict then you're not the big fish.

 

I asked you to give an example of this statement under the US gold standard. If you are splitting hairs because it wasn't put in the form of a question, well Luv, this isn't Jeopardy. Since you absolutely refuse to provide an example, even after being asked numerous times, then I conclude you were simply offering up an opinion and a wrong one at that. It's nonsense.

Nobody said anything about sacks of gold or unicorns. I simply ask you to tell us what currency a person received for a cash loan taken from a bank during the gold standard. It's also a simple question but one you apparently refuse to answer and hence, like above, you really have no idea what you are talking about since you can't explain even in simply terms how it worked for day to day banking. Obviously you were not speaking from any historical fact.

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I can reach this conclusion because you clearly stated above that your purpose for posting on this forum was simply to prove me wrong. So I've called you out for making statements that you can't support with any facts or examples, which can then be debated. You are instead giving opinion. Here is your chance, as self proclaimed forum protector, to help out the rest of the forum by proving me wrong.

 

Inflation is at a 50 year low?!? Is that some type of joke? Go to the grocery store tomorrow and buy $100 in food then compare that to how much food you could buy in 1960 with 100 bucks. That may change your oppinion. It's all about what your dollar can buy, and right now, it don't buy much.

The Fed just keeps printing... and printing... and printing. And honestly we are FORCED to, because if we don't, we can't pay our depts (or the interests on our depts) to china and other countries.

-C.J.

 

Wrong

http://en.wikipedia.org/wiki/Coinage_Act_of_1857

 

Rates of inflation are measured by the year, not 5 decades.

 

Surely someone who is so knowledgeable about the banking conspiracy knows who the conspirator are? Who are they Fatima. Your ducking the question? Why is that?

 

I'm still here on page 16.
Banks didn't issue paper during the 130 years the US was on the gold standard?

 

Fatima is very popular. He is a charmer if ever there was one.

 

Conspiracy implies secret stuff. I've never said the banksters are doing their deeds in secret. In fact they are quite open about it.

 

Who controls the Banks that yo smear them with your Newspeak

 

Oh they tried. They have tried to do this since the concept of currency was invented. Many times they ended up with their heads chopped off and put on a pike for the public to see too. It happened during the gold standard days. I advise reading up on what Thomas Jefferson had to say about central banking and President Andrew Jackson closing of the central bank of his day.

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Too bad his warning was forgotten.

 

Regaring 1, I assume you have no question to asks since your link goes to a page of posts. Regarding 2, there are no unicorns, and unsecured loans to individuals was handled more by loansharks than bankers. See Antal Fekete for details.

 

A "rate" is a mathematical expression of change over time. Math doesn't have arbitrary values. Hence, your statement is nonsense.

 

What a stupid and obsuring answer. Typical Fatima distortion.

 

The link goes to forum post 142075. But since you seem to be unable to follow a simple weblink, then I will post it here.



However I don't really expect you to answer either question now. It's obvious to anyone reading it that your statements, especially the ones where you admonish people to go read elsewhere, were nothing but bluster, opinion, and pure nonsense. You were making up stuff to discredit the gold standard.

You failed at your mission to prove me wrong. (as you always do)

 

What is your definition of rate?

 

I know your purpose in life is to never admit being wrong. Facts don't matter. Preserving the ego does. The fact that you repeatedly refuse to write out a question proves that your understanding of the subject matter is near zero. Not only can you not explain anything correctly, but you can't even formulate an intelligent question. I stand by my statement that either fractional reserve banking [Example = current US system] or the discounting of real bills [Example = 19th century US system] is a requirement. If there isn't some way to extend credit, a complex economy is impossible to maintain. David Graeber also explains how this worked throughout history in his fine book, "Debt: The First 5000 Years."

So you have your examples, which you will now proceed to deny are examples because that's the way you operate.

 

Try this one instead.

http://en.wikipedia.org/wiki/Coinage_Act_of_1792

 

I already answered you on the previous page. More reading, less typing.