West Coast Connection Forum

Lifestyle => Train of Thought => Topic started by: LooN3y on July 18, 2008, 12:53:53 PM

Title: Gold Standard
Post by: LooN3y on July 18, 2008, 12:53:53 PM

is it possible to go back to teh gold standard after so much money was printed?

Title: Re: Gold Standard
Post by: J Bananas on July 18, 2008, 04:29:24 PM

well when our dollar becomes kindling essentially i'm sure we'll at least consider it.

Title: Re: Gold Standard
Post by: dexter on July 19, 2008, 10:20:35 AM

Quote from: TELL IT TO MY MOTHERFUCKIN   ______ on July 18, 2008, 04:29:24 PM

well when our dollar becomes kindling essentially i'm sure we'll at least consider it.

it thought it already was  ::)    Isnt silver BETTER?

Title: Re: Gold Standard
Post by: Elevz on July 21, 2008, 08:40:13 AM

I'm not an economic expert, but it seems impossible to me. Once there's more money in print than backed by gold, I don't know who would be willing to bridge that gap. Nobody would be so stupid as to give away gold for free. Otherwise... I'm not sure how deflation and the gold reserve interact. That could be the answer, for all I know.

Title: Re: Gold Standard
Post by: wilz on July 25, 2008, 04:50:30 AM

never mind gold, in the not so distant future, deals will be done in OIL not dollars or gold

Title: Re: Gold Standard
Post by: dexter on December 03, 2008, 05:21:02 PM

lol

Title: Re: Gold Standard
Post by: Don Rizzle on December 05, 2008, 09:02:03 AM

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

Title: Re: Gold Standard
Post by: Suga Foot on December 05, 2008, 10:27:06 AM

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

Title: Re: Gold Standard
Post by: virtuoso on December 05, 2008, 10:37:57 AM

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.

Title: Re: Gold Standard
Post by: Low Key on December 06, 2008, 01:31:02 AM

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

Title: Re: Gold Standard
Post by: dexter on December 06, 2008, 09:43:51 AM

Quote from: Adon on December 05, 2008, 10:27:06 AM

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

4 cents is too high Try 2 cents if that ::)