It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: JoshuaCox
a reply to: WarPig1939
Spoken like someone who has no idea how the gold standard really works..
Gold is no more functionally valuable than anything else.. it is shiny and doesn’t rust.. that is the only reason the ancients considered it valuable.
There isn’t enough gold in the world to account for just 350 million Americans..
We don’t even have any real gold likely, and that’s fine..
Paper money/gold is ONLY valuable because people agree to use it..
So anything people are willing to use is cool.
originally posted by: AugustusMasonicus
originally posted by: eNumbra
What happened to the last president who wanted to return to the Gold standard...
Who would that be?
originally posted by: WarPig1939
...I'm sure he has a plan of going back to "something" other than the dollar.
originally posted by: eNumbra
What happened to the last president who wanted to return to the Gold standard...
originally posted by: intrptr
originally posted by: eNumbra
What happened to the last president who wanted to return to the Gold standard...
Qadaffi was murdered after he announced he would introduce gold Dinar as exchange for oIL on the world market.
That would have rocked the PetroDollar Oil Market. International banking interests couldn't allow that. Nor would they ever allow any other economy to revert to a "Gold Standard".
originally posted by: intrptr
originally posted by: eNumbra
What happened to the last president who wanted to return to the Gold standard...
Qadaffi was murdered after he announced he would introduce gold Dinar as exchange for oIL on the world market.
That would have rocked the PetroDollar Oil Market. International banking interests couldn't allow that. Nor would they ever allow any other economy to revert to a "Gold Standard".
originally posted by: kelbtalfenek
a reply to: nwtrucker
It would be a boon, but it won't happen. If we return to the gold standard, then someone will have to inventory all of the nation's gold...And that can't happen; because we don't have it anymore.
Good luck Mr. Trump. I hope you're serious about this but if you are...you won't survive too long...there's more powerful people than you who want to keep on robbing the country and it's citizenry, as well as many other countries.
originally posted by: WarPig1939
Eh. Personally I couldn't care less what system we go. I have doubts Trump is serious about it, it will probably be a one time thing of talking about it.
It will probably never leave the drawing board.
Make it easy and set the value to a fixed number, and make it unchangeable.
trump wants to go there and negotiate with him.
originally posted by: intrptr
a reply to: nwtrucker
Throughout history banking 'interests' have always sought to wrest control of nations finance away from the people.
Inserting themselves as middle men in economies, issuing 'currency' and extracting fees form transactions and interest from loans.
All for doing nothing.