US congressman submits bill for return to gold standard
(www.moneymetals.com)
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Nixon said it would be temporary.
https://youtu.be/iRzr1QU6K1o?t=62
Was this even constitutional?
Why worry about such trivialities...the Federal Reserve minting money is not Constitutional, but we all swallow that crap
They don't mint money, they create currency.
Neither is social security or the irs.
Over a long enough time, everything is temporary.
No, it wasn't.
That was my thought.
As temporary as 15 to slow the spread?
It's never just a 3-hour tour.
end the fed.
end the organic act of 1871.
reclaim the land of Washington D.C.
abolish the crown corporations.
make all of us state nationals and chattel no more.
abolish the de facto lawfare being waged on us all.
Reinstate the Titles of Nobility Act , it was never repealed.
If gold wasnt short and suppressed like it is, you would prolly see gold at 25k and silver at 5-10k … i feel this will happen once gold destroys fed
God i wish but it’s very unlikely. They have their hooks in us deeper than frank cotton
Mooney didn't kill himself.
I was getting ready to type the same thing.
The gold standard worked OK for a while, domestically in the US... but when the dollar became a world-wide reserve currency (still backed by US gold), the whole system broke down. No country has enough gold to be a reserve currency for the whole world to use.
Now, if the US dollar was not a reserve currency... then it would work again just fine - as long as we have enough gold to back the US dollar for domestic use.
You use a gold, silver,maybe copper, and other commodities backed dollar. We know the geological, mineral, lumber, etc available in USA. It'll work fine. Don't listen to the Fed telling you it wouldn't work.
I'm not listening to the fed about anything.
Too many people here are ignorant of the problems that occurred in the 60's that depleted the US gold supply and forced Nixon to take the US off of the gold standard in 1972. This has nothing to do with the fed.
Right now we have a fiat currency that is loosely backed by oil instead of precious metals. Going back to a currency backed by precious metals that is again used as a world reserve currency would run into the same problems as the 60's.
The problem is not a hard currency backed by precious metals. The problem is trying to use it as a world-wide reserve currency. Eliminate its use as a reserve currency, and a gold-backed US dollar would be fine.
USA has squandered any good will left with it's greed and manipulation. I don't think there will be a US reserve currency when this is finished.
Plenty of gold.
If a billion dollars has one ounce of gold backing it, gold is a billion an ounce.
Gold absorbs the inflation. Prices of goods would instead rise and cost more.
This is easy peasy and gold currently is waaaaay under valued. Suppressed v
https://www.youtube.com/watch?v=mIv2Jc_jiKI
Serious question: would gold have more or less value should we move back to the gold standard? Currently 1 troy oz of gold is trading at about $1600 but if the fed is toast then the fiat currency will be valueless. we will no longer be able to compare gold's value to fiat money. so what would a car that currently costs $20,000 (or 12.5 gold pieces) cost in gold after we move to the gold standard? More or less than 12.5 gold pieces? Logic would dictate that if we move to the gold standard gold would be more valuable and that car would require less gold to purchase. Any economy fags out there who can explain it like I'm vaccinated?
My bullshit math skills show that to stay level with with M2 money supply the price of gold would hit over 188,000 an ounce, and that's based on global reserves of gold. I think we made concessions getting off the gold standard so that we could build money supply to support our population, which probably made sense.I'm pretty drunk at the moment, but I digress. I personally don't think getting back to the gold standard makes much sense in our current state, but as someone who dabbles in gold panning, I'd be stoked.
Drunk or not: I'm running with your figure of $188,000 per ounce :)
Current dollar is worth 4 cents.
A forty dollar item would cost 4 bucks if a dollar was worth 100 cents.
So if a dollar becomes 100 cents value again prices will adjust.
Careful he might get Lincolned, Kennedyd, or Gaddafid.
Closer to $50,000 an ounce to fully back our current fiat. The FED needs to be obliterated soon and a return to sound money can occur, with great effort. We will need to go through a complete economic and financial meltdown first, but that is quickly approaching. The WEF thinks they can cause this chaos and control it to bring about their great Rest, but they will be consumed by it.
75 percent of America's Gold comes from Nevada. There is shit tons there.
Rookie number! lol
Mooney, Mooney. Mooney. Mooney.... money