The Paper Money Tiger
Marrakech II
22-06-2005, 03:48
This is a response to a post i saw yesterday about how coming off the gold standard was a bad idea. Now this article applies to US currency. But this is much the case for other "foreign" currencies. This is a semi long post but very informative.
http://www.bibleprophesy.org/silverismoney/Major_Frauds_of_the_U_S__Monetary_System.html
Aww, for a minute I thought this thread was about The Caesars. I love that 'Jerk It Out' song.
Marrakech II
22-06-2005, 04:01
Aww, for a minute I thought this thread was about The Caesars. I love that 'Jerk It Out' song.
heh, wrong post for that...
Artamazia
22-06-2005, 04:06
I don't think I'll ever understand economics on such a scale.
Marrakech II
22-06-2005, 04:11
I don't think I'll ever understand economics on such a scale.
Its actually easier than you think. Check out this 5 step process: 1) Take wallet out of pocket. 2) Look in wallet. (Assuming there is money in it). 3) Pull money out of wallet. 4)Look at it. 5) Then coming to the conclusion its a big scam and really its worthless.
Artamazia
22-06-2005, 04:16
Its actually easier than you think. Check out this 5 step process: 1) Take wallet out of pocket. 2) Look in wallet. (Assuming there is money in it). 3) Pull money out of wallet. 4)Look at it. 5) Then coming to the conclusion its a big scam and really its worthless.
Meh. I usually just think, "Damn, I really need to get a job."
But money does seem pretty worthless if you think about it. The only real value paper money has lies in its ability to go through the wash multiple times, without being reduced to a pile of mush like other paper items are.
Hyperslackovicznia
22-06-2005, 05:00
U.S. money hasn't been backed up by gold for EONS!
Ravenshrike
22-06-2005, 05:03
Dammit, we do not need another Wizard of Oz, which is what we'll inevitably get if we go back on the gold standard.
Lacadaemon
22-06-2005, 05:06
Dammit, we do not need another Wizard of Oz, which is what we'll inevitably get if we go back on the gold standard.
I don't understand the reference.
Ravenshrike
22-06-2005, 05:14
I don't understand the reference.
In the books the "yellow brick road" was a metaphor for the gold standard.
Lacadaemon
22-06-2005, 05:34
In the books the "yellow brick road" was a metaphor for the gold standard.
Interesting. I have never heard that before. (Not that I know anything about the wizard of Oz). I always thought it came from emerald mining in the Carolinas. Emeralds being embedded in "yellow brick" (limonite), and miners following the "yellow brick" to them.
Yessir, them Jeeeewish bankers have sure put a number on us, better stock up on gold sonny. I know that I've converted all of my US dollars into Gold.
(Hint: The US government has never 'defaulted' on its currency. It is actually forbidden to do so in the Constitution. The rest of it is nonsense meant to look big to the onlookers. It's nothing more then classic economics, and the dollar is as sound as any other currency. The government and the nation can not afford to simply wipe out the dollar (and this government is a more stable one, not subject to the hyperinflation of other countries).)
Oh. Silver is fraud. Accept only gold. Silver dilutes the monitary supply. Silver will destroy our country. Gold or nothing, baby.
Marrakech II
22-06-2005, 06:09
Gold is king i will admit. Silver is its ugly sister. Anyway I dont forsee the US destroying its currency. But something the article does prove. That alot of currencies are on shaky grounds. It take one major event to collapse an currency built on air.