Stereodude
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The fact that it's currently the world's reserve currency is pretty much what backs it up.
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Bitcoin Miners Face Fight For Survival As New Supply Halves
- Thread starter Megalith
- Start date
yes, the money appreciates in value, also why would there be not enough money in circulation?
When the gold-backed dollar appreciates in value, the next time that the stock market crashes, speculators start selling dollars for gold. This creates a run on the dollar. You now have the choice of allowing the value of the dollar to go to zero, or reducing interest rates which reduces money availability for businesses.
Congratulations, you just started the Great Depression!
stock martkets don't crash, people make it crash, usually the same people who didn't want the gold standard,....the next time that the stock market crashes, speculators start selling dollars for gold.
gold money regulates itself how will you let it go to zero? never gonna happenevilsofa said:You now have the choice of allowing the value of the dollar to go to zero,
evilsofa said:or reducing interest rates which reduces money availability for businesses.
i have a better idea, lets outlaw usury, we won't have to worry about interest rates,
and outlaw market speculation and we won't have market crashes,
we would also have to outlaw government borrowing, or we would be right back to where we are today,
20+trills in debt to the new world order
evilsofa said:Congratulations, you just started the Great Depression!
wrong,
you can't have a gold standard without first setting up a structure to protect it from the banksters, speculators and other super rich psychopaths, but we can use it on the individual level and still benefit from it
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stock martkets don't crash, people make it crash, usually the same people who didn't want the gold standard,
gold money regulates itself how will you let it go to zero? never gonna happen
i have a better idea, lets outlaw usury, we won't have to worry about interest rates,
and outlaw market speculation and we won't have market crashes,
we would also have to outlaw government borrowing, or we would be right back to where we are today,
20+trills in debt to the new world order
wrong, you can't have a gold standard without first setting up a structure to protect it from the banksters, speculators and other super rich psychopaths, but we can use it on the individual level and still benefit from it
Just to be clear about this: you want no banks, no stock markets, no interest rates, no money lending, and no government borrowing. Do I understand you correctly?
Just to be clear about this: you want no banks, no stock markets, no interest rates, no money lending, and no government borrowing. Do I understand you correctly?
i'm sure you have something clever coming up, unfortunately for you i understand the subject just a little too well
i'm sure you have something clever coming up, unfortunately for you i understand the subject just a little too well
If that is a "yes", then explain how the economy of the country you want would not be one of the world's poorest failed countries. Where does the money come from?
If that is a "yes", then explain how the economy of the country you want would not be one of the world's poorest failed countries. Where does the money come from?
lets think about it, gold is an asset like any other asset, you trade what you got for what you need,
and USA is a pretty big country, or a big corporation, they control all the assets, and they pay for huge amount of stuff,
like building rails, roads, electricity, water system , gas system, NASA... as far as i'm aware those things are usually at least partially funded by the government,
the point is USA can borrow 20 trillion "dollars", how much can you borrow?
and what is the point of borrowing money when we can create our own money, even if it's not gold based, but when it's based on nothing, some will be there to print it for their own benefit.
anyways, the question is what kind of society do we want to see, free and prosperous or of have and havenots,