I am reposting a response I made in another thread and expanding it. People don't appreciate what it would mean to "go to a gold standard" per H.R.2435. The idea is that it doesn't matter how much money there is, they can set the ratio of gold to dollar at whatever they want. "However much there is in present day dollars. It doesn't matter."
That's the first problem, so let's look at that:
How Much Is Gold Worth
According to the official narrative, there are about 8,133 metric tons of gold in U.S. reserves. I doubt that is true, I think it has been mostly moved into private bankers hands, but we'll go with it. There are 32,150 troy oz. per metric ton. That means there are, in reserve:
8133 metric tons times 32150 troy oz/metric ton ~ 261 million troy oz.
As for the total money that exists, the official number (not that I trust it, but we'll go with it) is between 40 trillion (narrow money), 90 trillion (broad money) or 1.3 quadrillion (derivatives, investments, etc.). With the amount of naked short selling, I wouldn't be surprised if you could double or triple that, so upwards of 4 quadrillion.
Putting this into perspective, we get one U.S. gold backed dollar is equal to:
- narrow money: 6.5e-6 oz
- broad money: 2.91e-6 oz
- derivatives: 2.01e-7 oz
- short sales: 6.5e-8 oz
These numbers don't mean much, so let me try to put it into something that makes a little more sense. Here is a picture of 1g of gold. It's not the best picture since it doesn't show the whole hand, but it shows that it isn't very much. Carrying that around, it would be pretty darn easy to lose it. But let me give you an idea of what one U.S. gold backed dollar would look like:
- narrow money: 1/5000 of a gram
- broad money: 1/11,000 of a gram
- derivatives: 1/160,000 of a gram
- short sales: 1/500,000 of a gram
Even with narrow money, think about dividing that gram picture into 5000 parts, then try to find it in your pocket. With short sales, divide it into half a million parts. It's almost easier to start measuring dollars in atoms of gold.
That 1g sells for about $130. This suggests it should be worth between $5000 and $500,000 if we were to move to a "gold standard" as things stand today.
For reference, that translates to between $150,000 and $15,000,000 per troy oz in today's money.
Now on to the next problem. The dollars that exist aren't money, they are debt. If we go to a "gold standard" there will still be all the debt, and the interest on that debt, that belongs to Megabank. If we move to a "gold standard," all that debt either needs to be paid off, or needs to be wiped out. But where does all the money reside?
Where's The Money
If we just look at narrow money (bank accounts, bank notes, etc.) that's the stuff that people have "on hand" (not really, because it's mostly in the fractional reserve shenanigans, but close enough). But who has the most money in bank accounts? According to this, the median bank account in America (in 2019) was about $5000, and the average was $42,000. That is a HUGE discrepancy, which means that the people with all the money have far more than the average person. The people with all the money are, in general, the Aristocracy AKA the Cabal. If we use the median this amounts to about $1.7 trillion (5000 times 330M people in America). Most of the rest of that $40T of narrow money lies in the hands of the very rich.
However, if we look at derivatives (not to mention naked short selling money) ALL of that money is in the hands of Megacorp.
So no matter how you divide it, as things stand today, the gold goes into the hands of the same people that rule the world right now.
Paying Off The Debt
If we don't wipe out all debt, then all those debts need to be paid off. But money is debt. Money comes to be when a debt is created. That's what "printing" money means. A loan is taken out, in one column a credit is given. This is money. In the other column a debt is created.
Money = Debt
BUT, that's not what really happens. A debt is paid back at interest.
Money + Interest = Debt
So all the DEBT in the world is equal to all the money PLUS all of the interest it has accrued, i.e. there is more debt than there is money. The debt can't be paid off. So all of that gold will eventually end up in the hands of the PTB, PLUS we will remain debt slaves forever.
With the current financial system, no matter how you slice it, all the power remains exactly where it is if we move into a "gold standard."
The system must fail. There is no other choice.
I really don't think you read what I wrote. And I very much do not think you understand what "my system" is. "My system" is a Free Market. If people want to use "money" they can use money. It doesn't matter.
No they won't, not when they understand that the system of money that you suggest was used to say, steal their children so they could eat them. Yes, that comes directly from that system. You really don't get the extent of the crimes.
Again, use what you want. It's simpler not more complicated. It's just a change of a concept of what it means to be "simple." You think it's harder because there is more. It is simpler because it is whatever you want, including what came before if that's what you want.
Obviously, but by your responses I really don't think you understand what it is, or what the present system has really done. You also need to learn the fraud, because once you see it, I would bet anything you want, that you would do whatever it takes to move away from a not Free Market like we have always had. You have been brainwashed to believe in the system. Getting past that brainwashing requires studying. Or, someone showing you. I have a feeling that The Q Show has that exposure as a few Acts.
I get what you are talking about as a general concept. My responses are general truths to any system.
When introducing a system to people does it have to be simple to understand and use?
I think the answer to that would be yes no matter what the system is.
When you design a user interface for a complicated system you create multiple levels of interaction. If you open up a Word program for example, you can start typing right away. "Open File, Save File, Close File, Typing." Those are all the functions you need to use a Word program. You can be a full time writer, living your entire life using that program without ever learning a single other function.
But there are all sorts of other options. You may decide you want to incorporate pictures, or graphs, or use bolded text for emphasis, etc. To use these other functions, because they provide an advantage to you in your work, you take the time to learn more.
A Free Market works just like that. All you need to know is that no one will trade anything anymore that doesn't have intrinsic value. That's it. One simple function. Will they trade silver? Absolutely. OK, I'll use silver then. You can go your whole life interacting with the larger economy using nothing but silver.
But as it turns out, in a free market, supply and demand drives the value for everything, including silver. So you might decide to branch out a little bit, learn a little bit more so that you can interact with the broader economic community in a more advantageous way.
Simple as pie, and yet motivational to learn more. Just like anyone who uses a Word processing program.
I do understand it.
There is no need to spend time going into a deeper discussion on this. My point will always remain.
I don't know what the future holds. There are various ideas to consider at this point.
I do believe the ideas that offer the least amount of friction will be the ones that people will be more attracted to.
That's all I am saying here.