Gold Standard
- Thread starter hellblazer
- Start date
Not mad, though you seem like you enjoy squaring off on people. You should get used to my posts, most are humble and leave myself completely open to correction and learning - I know, I do not know this stuff. I grew up poor and poorly educated in ghetto public schools. So relax.
Just saying that I do not understand how the Gold Standard supports expansion. I have always heard, and never studied, that the Gold Standard limits expansion and growth. That it favors the status quo and that it puts a limit on risk taking and innovation.
Also, I do not want to argue the merits of the Industrial Revolution but wasn't the restriction of the Gold Standard mitigated and counterbalanced by the vast increases in productivity and technology? I know they say that there emerged a new class of industrialists but didn't the masses experience deplorable working conditions and a way of life far below the poverty line? Once again, I am no expert, but I do not think the Industrial Revolution was that great for the masses - until later.
This would be a HUGE pain in the ass. Imagine going from store to store, or even state to state, having to change your money from Wal-bucks to Apple dollars to whatever other private money. For those of us that like to use cash, you'd have to carry around 10 different types of bills to function. Even if there was eventually only one company to monopolize and issue all the money, you're back to square one (i.e., the Fed).
No offense bro, but you made two assertions without any logic or proof or anything to substantiate them.
But it wouldn't be. That's like saying it's a huge pain in the ass right now having different currencies between countries. Exchanges can happen instantly especially with technology. And if there was one main big monopoly that wouldn't be an issue because you ARE NOT FORCED to use it like you are with government issued money. Right now we ARE FORCED BY LAW to use Fed notes. If I were to go to a business and pay them in silver I would go to jail. I don't have a choice to not use shitty money right now. If there was a private monopoly and they started to inflate their currency we could easily switch to the next best currency while they lose business. It would be in all of the banks best interests to issue the most sound money. Right now the Fed has a government enforced monopoly like all other monopolies. Totally different things.
First off, you won't go to jail if you pay someone in silver. Although it's not legal tender, it doesn't matter what it is as long as parties agree to the transaction. The problem is that the business probably won't take silver bars as a payment, leaving you SOL. The same thing happens if you go to a Mcdonalds in mexico and try to pay them in yen (or even in dollars in some parts)...they'll tell you to fuck off.
Have you ever traveled to a different city only to find that there are no ATMs of your favorite local bank? The same type of thing would happen, and you better believe that there'd be exchange fees. I get what you're saying, let the free market handle everything and it'll all be OK. But look back 2 years at the clusterfuck that Wall Street has caused. The free market isn't as efficient as you might like to think, it'll take awhile for businesses/people to figure out new forms of currency. Keep in mind that most Americans are retarded.
Anyways, the Fed is more or less the endgame of your idea. It's a private bank issuing money, with major shareholders being other corporate banks (Rothschild's, Goldman, etc.). Think they don't have any say in how much $$ the Fed is going to be spending this year?
Nothing compared to even low grade gold. Plus tungsten's the right density I believe.Fun thought... But Tungsten would still cost a lot, right? Why not just use really low-grade gold itself?
BTW love that pic:
Price of tungsten:
$20/lb, so $1.25/oz.
Yes, I sold gold $1760 below spot
Normally my system nets gold/silver about 30% off spot prices wherever they're at. I'm definitely not the only guy in the game buying silver/gold below spot, but I figure my methods are pretty decent, especially since I live in such a small town.
The silver I sold this week @ $40/oz was purchased by myself about a week ago for $25-$26 or so a ounce.
It's similar but not close, anyone with a electronic scanner or acid could prove the bars are fake in about 10 seconds. There's alot of counterfeit testing out there for fake gold/silver and it's extremely easy to do.
You could also test gold plated tungsten with a knife. Gold is extremely malleable, while tungsten is extremely hard (Tungsten-Carbide is used in armor piercing ammo as it's stronger than steel).
You can buy and sell with silver and gold at their face value as "legal tender", not with their intrinsic value as "lawful money". If I buy with a US Silver Eagle it will be worth $1 rather than $40+. If I try to buy with a Canadian Maple Leaf I can't use it in America, even if the party accepts it. How am I going to report taxes on Canadian Silver as a business? I don't owe any legal tender in taxes because I didn't use any legal tender. I didn't make any legal tender this year. You can't use things outside of legal tender in most countries because the bankers know that they won't be able to fleece the sheep. The Fed obviously wants you to use their money because they can extract your labor and energy through inflation, debt and taxes while they buy up all the real assets.
The Fed is not the endgame of my idea. The Fed is a government enforced monopoly. I am a champion of free choice. I would have no problem with the Fed if it really was 100% private without Fascist government enforcement. But unfortunately I don't have the choice to not use the Fed's currency. If I did I would stop paying my income taxes immediately.
Lucky for Bernake then that to do so you'd have to fight your way through a literal army base, into the most heavily guarded compound in north america, and blow up the ultra-thick gates to get in and run your tests.
If it were a fair government and that was the People's gold, do you think it would be so hard to test this?
Spend enough time in coin shops and you'll see ghetto-types come in with bags of silverware and old candlesticks and whatnot. They pay in cash. Blew me away the first time I saw it.