In light of recent events and for the purposes of making sure we are not just sheepishly following the crowd off a potential cliff, I shall impose this question as a devil's advocate:
Why we on GAW are certain that gold standard is going to solve all of our problems? Also why are we certain that a return to the gold standard is Q's plan?
I am fully aware of Q's "Gold will end the Fed" quote, but it does not explicitly say that the White Hats will abolish the Fed and bring us back to the Gold Standard. It is probably a simple statement of facts like saying the Sky is blue and the sun rises in the east.
It's tangible.
And it's not interest based.
It won't solve all of our problems, but it will solve financial problems.
Oil is tangible, gemstones are tangible, but I am not seeing a rush on our side to base our currencies on those.
And what do you mean interest-based?
And which financial problems it will solve?
Well I would love to see you barter the oil you don't own.
A gold backed currency isn't lent to you it is entirely backed by the physical gold .
The entire problem with our financial system since the federal reserve in 1913 is it is based on money lending... Aka interest based.
Technically, one can own oil by having a coupon or certificate that says "Redeemable for one barrel of oil" and have it in a storage facility somewhere.
That is currency is at the end of the day: tickets or tokens or numbers that is worth a measure of wealth that can be used to purchase physical goods.
And you can have lending-based financial systems with gold-backed currency. Lending with interest is an ancient concept, dating back to Biblical times and maybe even before that. So not exactly sure how gold is supposed to stop that.
I'll only say that it will be the way it was before when the dollar was backed. I think that's a pretty good proof... It was already accomplished.
Perhaps even better depending on newer technologies such as Blockchain
Gold does not corrode, degrade, nor break down from exposure to nature. It is also the best conductor of electricity.
Apply gold plating to anything, and that object becomes more valuable due to the fact that it can withstand exposure to nature better, and last longer- not simply because it's shiny and pretty. And everything electronics loves gold for the same reason, plus its superior conductive qualities.
That means its uses are near infinite, and it will always be a high demand material, and hold its value based on the law of supply and demand.
There is also the fact that it is physically very difficult to counterfeit. The only other metals that have the same or higher density are often just as expensive to obtain.
it solves inflation and the issue of "control" of the money
also it's based on Biblical principles, it isn't that complicated
Which Biblical principles?
https://www.mygoldguide.in/golden-moments-bible
It might be a leap of logic to conclude that using gold as a basis of currency just because it is mentioned so many times in the Bible.
Gemstones of all kinds are also mentioned thought the Bible. Why not use them?
He means gold cant be prontwd, has lited availability so maintains some stable value. We saw spain bring back enough gold to collapse an economy, so examples of gold influx causing crashes exist, it is just harded and more rare
Gold shall destroy FED.
It doesn't say "the FED."
u/#q2619
I've been told that the FED mentioned is not the Federal Reserve but something else.
Someone needs to tell everybody else that, because practically everyone at GAW thinks it is the Federal Reserve.
That is not what the drop reads.
https://qalerts.app/?q=%232619
It has been discussed that FED is an acronym for Foreign Exchange Department.
This is why I think acronyms should be avoided, because confusion can arise like this.
To address part of your question, I submit Jorg Guido Hulsmann’s essay on the cultural and spiritual impact of fiat inflation.
Hulsmann, an Austrian school economist, argues that fiat inflation undermines traditional values of thrift, hard work, and savings, and encourages a culture of instant gratification and consumerism. This leads to a decline in moral values and a loss of faith in institutions.
This essay originally published a decade ago is what opened my eyes to the true evil of a fiat, inflationary monetary system. Essentially, as the money is corrupted so is the nation.
https://mises.org/library/cultural-and-spiritual-legacy-fiat-inflation
Id propose unraveling your preoposition first. You seem to speak in pluralities, for " we, everyone, all etc."
As far as gold saving anything. It's a reasonable stretch for one kind of solution in a barter or exchange system. Most indicators I see is to diversify, not just dump everything into physicals like gold. Overall your devils advocate approach is very broad and using crowd speak. Not much value in answers to this.