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Started By
Message
Is there anyother way to do this without going back to the Gold Standard?
Posted on 4/1/20 at 1:47 pm
Posted on 4/1/20 at 1:47 pm
I don't see a way to continue the printing of money without going back to the gold standard.
Give your argument for or against the return.
Give your argument for or against the return.
18
Posted on 4/1/20 at 1:48 pm to Jjdoc
Shhhh, dont spoil the ending for the rest of them.
Posted on 4/1/20 at 1:48 pm to Jjdoc
Never gonna happen
That ship has sailed way out of the horizon by now and it ain't ever coming back
That ship has sailed way out of the horizon by now and it ain't ever coming back
Posted on 4/1/20 at 1:49 pm to Jjdoc
But if we went back to the gold standard we wouldn't be able to just print ourselves free money and were's the fun in that?
Posted on 4/1/20 at 1:50 pm to YF12
There's no way to avoid it b/c at the end of the day fiat money is crappola.
Heck, it's been known that both Russians and Chinese have been buying gold under cover for years now.
Heck, it's been known that both Russians and Chinese have been buying gold under cover for years now.
Posted on 4/1/20 at 1:51 pm to Seldom Seen
Yeah, it's hard to have welfare and warfare with a gold standard. It's almost like the founding fathers had that intention.
Posted on 4/1/20 at 1:51 pm to Jjdoc
End the Fed and let currencies compete. Plenty of crypto currencies out there now.
Posted on 4/1/20 at 1:59 pm to Jjdoc
quote:
I don't see a way to continue the printing of money without going back to the gold standard.
Well, it should be a basket of metals, but the Fed now has a dual mandate about employment and shite.
It would take systemic changes before that's even possible.
I say the best chance we have for experiencing a return to the gold standard is for Japan to man up and adopt a real crypto currency.
Posted on 4/1/20 at 1:59 pm to Jjdoc
quote:
I don't see a way to continue the printing of money without going back to the gold standard.
Give your argument for or against the return.
We can still print money with a gold standard and in fact you have to as production in the economy increases. An expanding economy needs more dollars. But this just needs to be a function of the U.S. Treasury, that is, monetary policy. At least the U.S. Treasury could print without going into debt and the people and the gold standard can keep them in check. As long as their printing doesn't outstrip production and with the backing of gold the dollar will remain very strong. At least with this kind of system we could eliminate the Federal Reserve as a middle man. The Federal Reserve is unnecessary. The U.S. Treasury can take on the role of the Federal Reserve and not go into debt just like the Federal Reserve currently does not go into debt.
Posted on 4/1/20 at 2:02 pm to Seldom Seen
quote:
But if we went back to the gold standard we wouldn't be able to just print ourselves free money and were's the fun in that?
You can print money all you want and in fact you would have to with an expanding economy however the value of gold would increase proportionally. That doesn't mean the value of other goods would increase. They may or may not based on many other factors.
Posted on 4/1/20 at 2:04 pm to GumboPot
Correct.
Posted on 4/1/20 at 2:05 pm to Jjdoc
The monetary system is fast becoming cryptocurrency without blockchain
Posted on 4/1/20 at 2:15 pm to Jjdoc
We could go back to the iron standard of Sparta. Their coins were made of iron the size of hockey pucks. It was very hard to carry around so it was successful at keeping people from spending money. It forced them to rely on the state.
This post was edited on 4/1/20 at 2:38 pm
Posted on 4/1/20 at 2:18 pm to Jjdoc
Watch it. We don’t want the ghost of William Jennings Bryan haunting our asses. Times are spooky enough.
Posted on 4/1/20 at 2:19 pm to Zach
Spartans were quasi-socialists. Same with Ancient Inca.
Posted on 4/1/20 at 2:30 pm to Jjdoc
quote:
I don't see a way to continue the printing of money without going back to the gold standard.
Give your argument for or against the return.
Hm. If only there was an alternate system you can just magically switch on.
The current system is just like all the prior ones i.e. interest on top of your money supply. The only thing that has changed is that now money is also just credit/debt i.e. the system uses credit/debt for money.
The same thing is going to happen i.e. collapse the system is based on interest, due to interest the monetary base must growth exponentially. However, we don't live infinite supply and demand world - humans have no ability to supply or demand exponentially forever.
There is really no difference between the gold standard and the current system... although the current system was able to expand much further without the bust.
The issue is man wants to use interest, but either way if we're talking system reset right here and now.. probably billions will have to go... as you have pulled forward all the demand and supply i.e. via credit. Once that collapses, the whole freaking fraud goes.
Mad Max first.
This post was edited on 4/1/20 at 2:33 pm
Posted on 4/1/20 at 2:32 pm to Jjdoc
Why does this Q bullshite keep spewing onto the rest of the board? Keep y’alls conspiracy shite in your fricking thread.
Posted on 4/1/20 at 2:32 pm to Jjdoc
No there isn't...and the day a country comes out with one, the petrodollar is over.
This post was edited on 4/1/20 at 2:33 pm
Posted on 4/1/20 at 2:33 pm to Jjdoc
It was a (man) made up system then—-we can create an entirely new one
This post was edited on 4/1/20 at 2:45 pm
Posted on 4/1/20 at 2:36 pm to YF12
quote:
That ship has sailed way out of the horizon by now and it ain't ever coming back
That ship sailed, got torpedoed, and is on the bottom of the Mariana Trench.
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