Lifestyle > Train of Thought

Gold Standard

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dexter:
lol

Don Rizzle:
not enough gold, plus at some point the US is gonna devalue their currency massively to dillute their $11 trillion of liabilities

Suga Foot:
I saw in a documentary that if the dollar went back to being backed by gold, it would be worth about 4 cents

virtuoso:

Word the thing to remember is this, they broke away from the gold standard in order to leverage out on a ratio of 60 to 1 plus. What that allows them to do is buy up and control the means of production, the land, tangible assets and then when things hit the fan like they are now, because leveraging surpasses real world economic activity by some 10 to 1, then we pay for it, we pay the taxes to plug the gap. This then allows them to then continuing creating new debt bubbles. The elite run everything but they will get reigned back in one of these days and if they push the middle class too hard because that is where they will try and suck the bulk of the money back from, then sooner or later the middle class will simply revolt but in the mean time they will look to place the blame on greedy people (consumers). The fundamentals will not be addressed and any reform will not be a reform for the better, it will instead be something which is bad for the people but will be dressed up as reigning them in.

Low Key:
Fuck it. Let's just go back to the barter system.

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