PDA

View Full Version : The Case For Gold & Silver



Franco
03-30-2012, 05:47 PM
Personally, I can't understand how the death of T Martin dominates the news and political talk when we are faced with much more serious issues. Instead of focusing on what is really important, the media does a great job of diverting attention away from the issues that really affect this country.

Take our miserable monetary poilcy...

Japan and China recently agreed to trade their currencies directly
without using the $US dollar. India has agreed to exchange
gold for oil with Iran. Russia constantly talks about working
toward a new standard. Why not prepare for this? It's
completely insane to disregard the inevitable. There is zero
chance the $US dollar remains the world's reserve currency
indefinitely, so we should at least be setting up some
commission to study a transition to commodity money. How does
that hurt? We did it in the early 80's. And yes, there is
enough gold. You don't need to establish a 100% reserve
standard. It's true that central banks would have to contract
some of the money supply, but as of late last year, our current
estimated gold reserves at market prices amounted to about 15%
of M1. To put that into perspective, when Great Britain was on
the classical gold standard back in the 19th century (and at
the time was the wealthiest society in the history of the
world), they averaged 20% gold reserves. There's simply no
getting around the fact that fiat currencies don't work. You
can't find 1 example in the history of the world; whereas, gold
has 6,000 years of history as being recognized as the best
monetary unit of exchange. I find it odd that so many people
are so quick to dismiss 6,000 years of economic law."

dback
03-30-2012, 06:27 PM
Not to mention that Japan is lowering their Corporate Tax rate which will leave the US with the highest rate in the developed world. How many thousand black kids were killed by other black kids last year? A "white" Peruvian kills (possibly in self defense) a black kid and the nation is riveted. The US lacks the leadership, the will, moral fiber or education to be a world leader.

Franco
03-30-2012, 06:36 PM
Not to mention that Japan is lowering their Corporate Tax rate which will leave the US with the highest rate in the developed world. How many thousand black kids were killed by other black kids last year? A "white" Peruvian kills (possibly in self defense) a black kid and the nation is riveted. The US lacks the leadership, the will, moral fiber or education to be a world leader.

Sadly, I agree!

And, from the State Legislatures to U S Senators/Reps to the White House, we get exactly the government we deserve!

Franco
03-30-2012, 09:37 PM
I'll add that because we have allowed our politicians to squander our fiat dollar, by allowing them the spend, with no real backing, 17 TRILLION in debt! Had we had gold as out standard monetary poilcy, they couldn't have done it!!!

BonMallari
03-31-2012, 05:17 AM
got to agree with you....and two weeks ago, the talk was all about birth control and abortion....sorry but you have to lay the blame on the media..they control the narrative and the conversation...makes you wonder what event will knock this off the front page of the news