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Thread: The Illusion of Money and the Economic System

  1. #11
    Senior Member Franco's Avatar
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    Quote Originally Posted by Buzz View Post
    Franco,

    I honestly don't get your obsession with fiat money vs. gold. In the end, gold is only worth that they say it is and what folks are willing to pay for it.
    Gold has real value globally and always has. Paper, not so much! Why are the Chinese hoarding gold? Maybe because they know they can control the future by controlling the world's wealth.

    Real wars today are economic, the sooner we come to grips with this, the better.
    Last edited by Franco; 07-24-2014 at 08:25 PM.
    Collecting more taxes than is absolutely necessary is legalized robbery. Calvin Coolidge



  2. #12
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    Quote Originally Posted by Franco View Post
    Gold has real value globally and always has. Paper, not so much! Why are the Chinese hoarding gold? Maybe because they know they can control the future by controlling the world's wealth.

    Real wars today are economic, the sooner we come to grips with this, the better.

  3. #13
    Senior Member Franco's Avatar
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    Quote Originally Posted by mngundog View Post
    Garlic, what's the point?
    Collecting more taxes than is absolutely necessary is legalized robbery. Calvin Coolidge



  4. #14
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    Quote Originally Posted by Franco View Post
    Garlic, what's the point?
    Tulip bulbs.

  5. #15
    Senior Member Franco's Avatar
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    Quote Originally Posted by mngundog View Post
    Tulip bulbs.
    Gold was a currency long before tulips and try trading some tulips today for gold.

    As an individual, I see no value in holding gold because in the event of a collapse, there would be few places to spend it. As 44 pointed out, individuals would be better off with ammo. Ammo and fertilizer.

    But, a Nation without large gold reserves is a bankrupt nation.

    BTW, The Mind Unleashed is a "think" website! The writers are off the wall and challenge readers to think. Unlike many political websites which only present their agenda or "dogma". They only accept articles that scrutinize the norm.
    Last edited by Franco; 07-25-2014 at 12:22 AM.
    Collecting more taxes than is absolutely necessary is legalized robbery. Calvin Coolidge



  6. #16
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    Quote Originally Posted by road kill View Post
    Can't PRINT any more gold!
    VBG...........Bingo ! .................................................. ..............................
    charly

    There ought to be one day -- just one -- when there is open season on Congressmen.
    ~Will Rogers~

  7. #17
    Senior Member swampcollielover's Avatar
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    Quote Originally Posted by Franco View Post
    Two important points the article makes;

    1) How the Fed Reserve has devalued the dollar. Someone explain to me why the dollar buys less today than say 50 or 100 years ago? If they really do provide a service to Americans, than why doesn't the dollar buy more than it did 50 or 100 years ago?

    2) Because the Fed Reserve's actions are controlled by foreign interest, who does it really serve? And, why do they fight so hard to keep the actions a secret and refuse to be audited?
    Franco our worldly historican, I cannot believe you went back to that so called 'article'...these guys were smoking more than MJ...

    About the author: (taken from Franco’s article)
    Julian Websdale
    is an independent researcher in the fields of esoterica, metaphysics, and mysticism.



    (Source from Franco’s Article) David Vaughan Icke - He promotes conspiracy theories about global politics and has written extensively about them.
    …., when in 1990 a psychic told him that he was a healer who had been placed on Earth for a purpose, and that the spirit world was going to pass messages to him. In March 1991 he held a press conference to announce that he was a "Son of the Godhead”

  8. #18
    Senior Member menmon's Avatar
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    Franco, I'll take that worthless paper off your hands!

    Paper money is a means of exchange, just like trading tomatoes for bullets. Problem with trading tomatoes for bullets if you don't need one of the other you have a problem. Same problem with trading gold, it is problematic because of its weight and the changing value. Now with electronic money velocity is increased so money trades faster, in other words it is in your account quicker available for you to spend quicker. The gold standard is so obsolete it doesn't deserve discussion. It is a real asset just like land but its value fluctuates just like land so matching paper to gold is problematic because the value is always changing. So having an underlying asset under your paper is just foolish.

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