Thoughts on the gold standard?

Thoughts on the gold standard?

Could work, but as with anything, they'll probably abuse the fuck out of it.
So my future bet is on some form of crypto currency.

>they'll probably abuse the fuck out of it.
How? And could they abuse it more than they do with fiat currency?

It's the real deal. Unfortunately, it's ultimately unworkable because promises trade with less friction than heavy rocks.

Just another way for the kikes to control you. The solution is government printing their own money.

Who do you think owns all the fucking gold?

if anyone tries to actually implement a gold or silver standard in the current year, they'll end up like JFK after his silver dollar idea. Too dangerous

...

Sounds fishy, tbqh. Sort of like a scam. I wouldn't do it.

Labour standard would be better.

Sooner or later.

Gross. GTFO, commie.

Idiots. All of you.

Fiat currency as I understand is more flexible in a world where the human population growth and productivity is faster than our abilities to mine the gold. someone has to work to get the gold out of the ground. Cheaper to print money. If you run out of gold to exchange for Labor/Productivity what then? blow jobs for gold? Gold standards confuses me. Plz Enlighten.

>If you run out of gold to exchange for Labor/Productivity
you cant run out of gold and you can also use silver and cooper

Will be necessary in some form soon.

Currency backed by debt cannot continue indefinitely.

Physically and politically impossible.

Back the dollar on natural resources.

Au/Ag are good as money, I'd rather have Terra TRC for int'l trade, google the white paper it's good shit, much preferable to FED kikery

>gold standard?

is outdated MEME

Countries are stockpiling gold now. If America isn't matching Russia and China, then natural America will fight to the death to keep fiat currency.

> "We Gold standard now!"
> "Someone set us up the economy"
> "jk lol! PRINTER GET"

Same shit different name. Amass gold manipulate countries.

Money should be valued much the way nazi Germany did. On the value of work. It's one of the better ideas to come out of the nazis.

Gold standard: before printing money, you have to buy physical goods from the Rothschild family.

Fiat currency: before printing money, you have to write an IOU to the Rothschild family.

It's an illusion of choice. Either way, you are subservient to (((them))).

Would stunt growth like a motherfucker and wed have another Panic of 1893 with open antisemitism

>Countries are stockpiling gold now.

They're stockpiling nuclear weapons as well but everyone knows that there worthless and expensive.

The first thing that would happen if we went to a Gold Standard is what did happen when we were on a Gold Standard. The government would figure out what everyone with a bunch of Gold in a Vault has figured out time and again over the ages - that they can print more gold backed money 'based on' the physical gold in the vault than there is actual gold in the vault. They would overdo this, and people would eventually come clamoring to redeem their paper for physical gold.

Then we would go back off the Gold Standard.

The main problem it's that the economy it's bigger tha the gold reserves.

And that doesn't makes sense cause there's no point for that besides having a shit ton of money that in reality has only the value asigned to it.

The Third Reich kept its currency stable by expropriating Jewish assets, plundering other European countries and ruining their economies. So much for ""work"".

The economy being bigger than the gold reserves isn't a problem - it just makes the gold worth more. You get deflation as the economy of things buyable with the same amount of gold grows.

Thoughts on DPM cucking our nation to PRC?

The banks have most of the gold.

>constant deflation
>mass speculation on gold price
>unemployment
>poverty

this is probably the worst type of economy that one can imagine

>Constant deflation

Well... I enjoy constant deflation with respect to electronics. Not necessarily bad.

>Mass speculation on gold price

But since the rise in gold price would be due to rise in buying power due to the growth of the economy, then by definition better returns than gold would be had by investing in non-gold assets. Not a problem.

> Unemployment

No, in a growing economy regime we don't necessarily have that. Banks happen and fail and cause unemployment in a gold standard regime, which is why we would move off the gold standard if we had it.

> poverty

does not follow.

>Banks happen and fail

I fail to see why it's this bad.

> constant deflation

Only if there's constant growth. At the moment we need constant growth to service the constant debt, even if it means importing third world labour to keep the GDP ticking.

Currency has no physical value based in on another objects value that we decide the value of. But now money itself has the decided value dirclectly on it. Enableing countries to control their wealth through indirect policitcal means, rather than physical means of obtaining gold.

Banks underwrite loans. These loans are promises by the customers about their future repayment. The banks float loans to their customers hoping most will be repaid or at least that the collateral will have sufficient value to foreclose on without losing money.

Every time they make a loan they create money increasing the money supply. This drives up the price of goods. - people willing to make wild promises about their future ability to pay back their loans get first crack ( can outspend ) those who would save for their goods. This increases incentive to pay for things with loans.

The increasing price of goods means everyone can pay back their loans or at least the value of the collateral is sufficient to make good. This lowers apparent risk to loan underwriters ( central economic planners ) that then make more loans.


Until the central economic planners ( loan underwriters ) make a mistake. Then it all blows up - the underwriters stop making loans, which means all the house of cards topples.

This last time around the government was able to step in and rescue the central planners' banks by socializing the costs of their mistakes.

But when there is large scale malinvestment that doesn't pay off your economy is wrecked. The malinvestment is basically due bad decisions by bank central planners. They may not even know they are central planners - but they are. They are mini privatized central planners - a form of collectivism.

Not that undermining Daddy Warbucks is all bad. The noble class owning all didn't exactly make the Middle Ages known for being a powerhouse of economic growth. If you own enough you don't care about growth - you may even be anti-growth as it only represents competition and possible relative decline for you.

As an aside - an insurance company is also a private government you subscribe to by buying a policy. You agree to follow their governance - the terms of the policy and pay the premium (taxes)

poor economy tied to gold? goodbye inftastructure to foreign ownership ((foreign being the richest of them all)). don't go with gleaming gold.