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Would a return to Gold and Silver be real?

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posted on Mar, 6 2010 @ 03:55 PM
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I love Eric WhoRU. He's so blunt, so honest and so wise. There are rumors of a return to a Gold and Silver standard.
Would that be a scam? Would it be good?
How would the "Government" pay for the Gold and Silver?
Would that mean supplying the world with Gold and Silver?
Is this just another Fed scam?
Would the Feds likely be behind this as a rational to steal Gold and Silver from the people then force a new world currency afterwords?
So these are questions to consider after watching this great, down to earth, honest a frank video by Eric WhoRU?
He has an economic solution for the uSA.
Would it work?
Is there a better idea out there?

video.google.com...#



posted on Mar, 6 2010 @ 03:57 PM
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no it wont happen. why would they give up so much power?



posted on Mar, 6 2010 @ 08:58 PM
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Take a look at the world monetary supply since countries went off the gold standard. There is no way to get back to those levels anymore. For better or worse, we are stuck with the "phony money" system.



posted on Mar, 6 2010 @ 09:35 PM
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There isn't enough gold, silver, platnium, or any other metals like copper or palladium or even diamonds... for just only the USA to back its minted money by even 10%.

The problem is that the high risk gamblers in the top 12 banker/financial houses... are creating more than $10 Trillion of unregulated, unsecured, worthless 'paper' each year in a continuously growing mountain of risky debt and riskier counter-party debt...(which is being backed by the American Taxpayer at 100 cents-on-the-dollar, guaranteed)

I have read that there are over $240Trillion of these derivatives and junk-'bonds' and other exotic forms of paper/money.



The Main Street America community can most likely fashion a several Trillion $ supply of minted money, for the mainstream, work-a-day economy.
But it would be impossible to bring in the gambler suited fiat money markets into that kind of world.... just like MainStreet cannot survive
the distortions which WallStreet creates....theirs is a abstract world of
imaginary FED reserve notes, power plays, with the goal of being the last man standing.


let the bankers, brokers, hedge funds, operate in their magical worlds of finance and intrigue, but pay off each other with whatever funds they have to back up their risky ventures...
it was both immoral and unethical for the 3 stooges (bernanke/paulson/geithner) to blackmail or strongarm the congress & the administration, to bail-out Goldman Soks et al. with taxpayer monies.



cut off the illuminist banksters from the MainStreet pursestrings, that is the only way to create a strong, asset backed, minted money,
And let the WallStreeters have their Fed reserve notes/fiat money
to exchange endlessly among theirselves !



posted on Mar, 6 2010 @ 09:48 PM
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There will always be enough gold and silver to go around !!!

It just means the dollar cost of it has to rise high enough.



posted on Mar, 6 2010 @ 10:09 PM
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I honestly don't think that gold or silver will be worth ANYTHING.

Think about it. The move towards a one world currency is already in motion. Once it is set up, that will be the ONLY thing for us to use. If the NWO says we have a certain currency, try going to the store and paying with gold.

How far you think that would get you?

They want to get the one world currency in place and then set up a completely virtual money system.

We will each get a card to use to buy things with. That way, if you are on the run, they can just turn off your chipped card and suddenly you can't buy anything anymore.

Total control is what they're after.



posted on Mar, 8 2010 @ 08:29 PM
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Originally posted by DestroyTheNWO

They want to get the one world currency in place and then set up a completely virtual money system.

We will each get a card to use to buy things with. That way, if you are on the run, they can just turn off your chipped card and suddenly you can't buy anything anymore.



And....... how is that much different than the money system we currently have in place??



posted on Mar, 9 2010 @ 08:18 PM
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A return to gold will seem like a social and economic regression. Our government and population would never stand for it.

With that said, I think it is a great idea to base our currency off something other than worthless paper money. How about rocks and shells?



posted on Mar, 9 2010 @ 08:57 PM
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Interesting Idea- would love to see it passed doubt it ever would...

What Im working on now is forming my own company... And I am thinking of using part of the start up to back the stock of the company with precious items... Metals, diamonds, oil.... paintings, vases, ect....

Ive wondered what the value would be after two or three years...

[edit on 9-3-2010 by ripcontrol]



posted on Mar, 9 2010 @ 09:22 PM
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In today's America, there is definitely no way this would work, with our centralized economy and centralized government.

But if we de-centralized our economy and government and had something that looks like a collection of self-sufficient city-states, then each town's economy would be small enough that a return to a gold standard would be plausible.

It's just that money is being distributed on too grand a scale these days to be able to return to a gold standard.



posted on Mar, 12 2010 @ 05:12 AM
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the paper monetary system only works if you participate in it.

You can work like normal and transfer your wealth into something solid.

Its not like you can pull a ton of cash out of your bank anyway, they limit you to what 5k withdraw?

so anything more is cashiers check. So technically the majority of the assets are digital money anyway.

Try transporting 100k in cash on the airlines. See who robs you first the criminals on the street or the criminals in uniform.



posted on Mar, 20 2010 @ 10:53 PM
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As the video indicates it may not be a giving up of power by the NWO but a gaining of it. Under a gold standard he who has the gold sets the price and controls those who need it. The uSA could not buy gold at $1,000 per ounce and print currency cost effectively. If the uSA had gold and silver and a foreign interest wanted to cash it in for gold it would mean we would have to have enough gold to meet world wide demand for the gold not the currency. That means who ever hold the gold we need to meet the demand has a big advantage. Rumors of returning to a gold standard mean control for the NWO. A gold standard tends to means a promise to pay in gold and meet the demand for payment. This may result in rationals to steal gold (again) from the people only to end up not having enough anyway.



posted on Mar, 21 2010 @ 03:33 AM
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Originally posted by St Udio


There isn't enough gold, silver, platnium, or any other metals like copper or palladium or even diamonds... for just only the USA to back its minted money by even 10%.




That's a common myth that's often told.

What happens during a currency meltdown is all prices get repriced in terms of the gold supply.

So while gold might cost 1000.00 an ounce now, after the dollar implodes it could conceivably jump up tens of times that.

Thus an ounce of gold could become worth tens or possibly hundreds of thousands of dollars.

The price of gold would keep rising until such time that its price accurately reflected its scarcity in relation to the price of the good in question.

Right now the price of gold is being heavily manipulated and suppressed by the central banks. Its real value is far higher than the market currently trades for, which is why so many people advocate buying gold right now.

So you'd see all things have a price in terms of gold, and that price might be very tiny indeed. It might only take an ounce of gold to buy a car for instance.

Because gold would be worth so much, people would begin to mine it heavily. Mining of gold would continue at an epic pace until the supply of gold was such that it met the demand for the currency needs.

Because we have an electronic banking system already in place, this makes it possible to have a functioning economy even if gold itself would be wildly scarce at first because the fractions calculated can be incredibly small and no physical gold needs to be present in the exchange.



[edit on 21-3-2010 by mnemeth1]




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