I thought we were done with these stupid paulites already.
Does this one also think we should return to a gold standard because paper has no objective value and is based entirely on peoples faith in its value?
Because golds value is based on....
I thought we were done with these stupid paulites already.
Does this one also think we should return to a gold standard because paper has no objective value and is based entirely on peoples faith in its value?
Because golds value is based on....
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#tactics
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I'll McGovern you up, son. Wait, you know who McGovern was, right?
The sad part is he's still smarter than the large majority of voters lol
The Tea Party has taken a bashing from the Drive by Media and its not a horrible group. I agree with you on the other stuff McCain was a poor pick and he picked an even worse running mate. I even like Palin but a poor pick indeed. Don't need any more Progressive Presidents no matter the party name.
Before you can see the truth, you must be willing to accept it.
Last edited by Rockie Cantais; 22-09-2013 at 16:47.
Before you can see the truth, you must be willing to accept it.
Actually, under the gold standard system, gold was 'printed' all the time in that there was always far more gold 'tied' currency in circulation than there ever was actual gold. See: fractional reserve banking.
Gold is just as 'fiat' as paper, it is in no way a value based stable currency, never has been, and never will be.
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#tactics
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I'll McGovern you up, son. Wait, you know who McGovern was, right?
True but what is the value of gold now? 1 Troy Ounce = $1,323.00, I say it has some value. A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. No one uses the Gold standard now. So what do we base our currency on now? What do we use to back it up? Makes me laugh that its some secret formula that is used. Its not based on the Gold we have but we still value it. America may have none in Fort Knots, no one is allowed to see it. Crap how much longer can America keep printing the stuff without destroying not only the value of the Dollar, but effecting the whole world? I'm no expert on this but I do now the more you make the less value it has. Just saying our government is like that song "jokers on the right and clowns on the left of me". Pretty much sums up both political parties.
Before you can see the truth, you must be willing to accept it.
It doesn't matter what the market value of gold is, that doesn't mean it has intrinsic value, it means only that it has fiat value, the same as currency, gold doesn't back up a currency any more or less than anything else. Whether a currency is gold tied or not makes no difference, the value it has is still going to be the faith value that people put into it.
_______________________________________________________________________________________
#tactics
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I'll McGovern you up, son. Wait, you know who McGovern was, right?
_______________________________________________________________________________________
#tactics
____________________________________________________
I'll McGovern you up, son. Wait, you know who McGovern was, right?
It doesn't when the population is not informed. Governments will always find ways around the system. But while the gold standard lasts, there was fiscal restrain on the government.
value has gone up from $250 to $1330. Or if you want to go back further, it was originally at $20 and $35. What does that prove?
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