Six Policies Economists Love and Politicians Hate

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Originally Posted by Centurion1

What do you smoke?

And gold standard and gold in general is outdated and for backwoods resident to long for with no real idea of how real world economics function on a global scale.

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Gold is the only thing of real value that a state can accumulate, as paper money is merely worth what you can make people believe it is worth. If Rothschilds steal all our gold, outsource everything to China, then provoke a global war between USA-Israel-Europe on one side and Syria-Iran-Russia-China on the other, while fleeing themselves to China, they will have total economical control when the ceasefire is signed. I wouldn't say Rothschilds have shown in the past, to be hesitant to make such sacrifices of other people's lives.

It is the Rothschilds that want us to believe we're stupid when we say the obvious - that their system is a criminal fraud and that they should be arrested, hung, drawn and quartered for it. They keep saying that there is some "complicated economical truth that you simply can't understand unless you're one of those with the magical talent". Yet they never provide any arguments. Believe me kid, I was a commie junkie/Federal Reserve banker fanclub member unknowingly for 10 years until I woke up, so unless you got some real arguments to support your statement, I'm not going back to the Satanic thing that communism is.

Is it a coincidence that the groups you blame for this happen to be... Jewish?

~:smoking:

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Originally Posted by rory_20_uk

Is it a coincidence that the groups you blame for this happen to be... Jewish?

~:smoking:

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If they were eskimos or Irishmen, I'd blame them just as much.

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Originally Posted by truth1337

Gold is the only thing of real value that a state can accumulate, as paper money is merely worth what you can make people believe it is worth. If Rothschilds steal all our gold, outsource everything to China, then provoke a global war between USA-Israel-Europe on one side and Syria-Iran-Russia-China on the other, while fleeing themselves to China, they will have total economical control when the ceasefire is signed. I wouldn't say Rothschilds have shown in the past, to be hesitant to make such sacrifices of other people's lives.

It is the Rothschilds that want us to believe we're stupid when we say the obvious - that their system is a criminal fraud and that they should be arrested, hung, drawn and quartered for it. They keep saying that there is some "complicated economical truth that you simply can't understand unless you're one of those with the magical talent". Yet they never provide any arguments. Believe me kid, I was a commie junkie/Federal Reserve banker fanclub member unknowingly for 10 years until I woke up, so unless you got some real arguments to support your statement, I'm not going back to the Satanic thing that communism is.

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Gold has imaginary value silly boy.

Dem Jewz didn't sign it into law. It was the President.
The Senate and Congress wasn't full of Jews.

The blame is squarely with the legislative and executive branches of state.

~:smoking:

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Originally Posted by Centurion1

Gold has imaginary value silly boy.

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True, but you could also call it the only real concensus mankind ever achieved

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Originally Posted by rory_20_uk

Dem Jewz didn't sign it into law. It was the President.
The Senate and Congress wasn't full of Jews.

The blame is squarely with the legislative and executive branches of state.

~:smoking:

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So what? Are you implying that it matters whether they're Jews or not? The only thing that matters is that the Federal Reserve is criminal and communist and liberal by nature and should be abolished ASAP and all the ringleaders sentenced for crimes against humanity.

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Originally Posted by Fragony

True, but you could also call it the only real concensus mankind ever achieved

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Gold has been worthless in certain societies. I understand your point but it doesn't make its value real.

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Originally Posted by truth1337

So what? Are you implying that it matters whether they're Jews or not? The only thing that matters is that the Federal Reserve is criminal and communist and liberal by nature and should be abolished ASAP and all the ringleaders sentenced for crimes against humanity.

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Well, the tiny matter of big warning signs of balony conspiratist theories (connected by Jews somehow) shows up when you're talking about zionism, liberalism, communism, the federal reserve and feminism in the same sentence. Please educate us of the historical connection between feminism and zionism that awoke you from your slumber.

And please educate on who is profiting directly on the inflation tax. I can give you the reson why it's prefered, but that's an indirect reason.

Also, it can be good to read up on what happened to the silver coins, to understand the problem with the gold standard.

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Originally Posted by Centurion1

Gold has been worthless in certain societies. I understand your point but it doesn't make its value real.

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Real enough to be bombing the Libyans

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Originally Posted by Fragony

Real enough to be bombing the Libyans

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say what

I always laugh when people say Gold has real value.

Gold has as much value as we deem it to.

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Originally Posted by Centurion1

say what

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He wanted to switch to gold, that's why Libya was attacked

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Originally Posted by Strike For The South

I always laugh when people say Gold has real value.

Gold has as much value as we deem it to.

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Take another look at our own cash, it's really a piece of iron or a piece of paper, yet it's worth something, you can buy stuff with it

That's my point

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Originally Posted by Strike For The South

That's my point

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And mine, gold always keeps it's relative value on any currency, I don't know why we like it so much but we all do wherever you go

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Originally Posted by Fragony

And mine, gold always keeps it's relative value on any currency, I don't know why we like it so much but we all do wherever you go

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Gold doesn't have any intrinsic value dude. It holds no purpose, like food, oil or fabrics. Get that through your silly little blond head.

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Originally Posted by Fragony

And mine, gold always keeps it's relative value on any currency, I don't know why we like it so much but we all do wherever you go

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It doesn't. Ask Spain, who got so much gold and silver that it destroyed their economy historically. Or see current gold prices compared to before.

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Originally Posted by Centurion1

Gold doesn't have any intrinsic value dude. It holds no purpose, like food, oil or fabrics. Get that through your silly little blond head.

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I never said it has any real value, but it's still the only currency that will always be universally accepted though

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Originally Posted by Fragony

He wanted to switch to gold, that's why Libya was attacked

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I believe the conspiracy theory goes: he wanted to introduce the gold dinar, a currency for the African Union, and NATO didn't like it. And it's nonsense.

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Originally Posted by Kralizec

I believe the conspiracy theory goes: he wanted to introduce the gold dinar, a currency for the African Union, and NATO didn't like it. And it's nonsense.

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The Federal Reserve keeps printing new dollars and unless dollar retains its status as world currency, those papers would become worth nothing pretty fast. If raw material trade esp oil isn't done over dollars, but over a gold dinar - and this tendency spreads over the entire oil countries region - the dollar would lose value faster, since the world currency status disappears. Rothschilds, Warburgs and Rockefellers, as well as Ben Shalom Bernanke, would be the biggest losers from that.

So there certainly is a motive. They would surely not have missed any opportunity to push in favor of a war through their lobby groups, rather than against one. Because if the war had not been fought, the massive inflation of the dollar would have made Americans revolt and demand the Federal Reserve abolished.

For the gold dinar, I dealt with that in this post:
https://forums.totalwar.org/vb/showt...post2053456934

Now the dollar currency isn't as influential or desirable as a reserve asset as it used to be and it probably will be less so in the future, but thinking that a pan-African currency would have the potential to take its place is a bit far fetched.

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Originally Posted by Fragony

I never said it has any real value, but it's still the only currency that will always be universally accepted though

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If the world engages in apocalyptic destruction the survivors aren't going to give a crap about gold. If we find a way to replicate gold somehow despite its status as a element than it will become worthless. If we find an easy source of gold somewhere it will become worthless. You are wrong fragony. Something like an ear of corn or a rod of steel has real value.

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Originally Posted by Centurion1

Gold doesn't have any intrinsic value dude. It holds no purpose, like food, oil or fabrics. Get that through your silly little blond head.

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My understanding is that is does have intrinsic value as an electronics component. It's highly conductive and corrosion resistant. But yeah, that's probably not too closely connected to the way it's valued in general.

Ajax

For your currency you don't want it to have any innate value or external inputs or outputs that will artificially change the demand for the currency. Currency should also be portable, much easier to move a gold nugget then a calf.

Now gold is almost perfect as it doesn't corrode, looks nice and feels solid. Give a young child the choice between a $2 gold coin and a $5 note and they will chose the one that is heavier. It's a concrete physical item.

Problem is that gold has uses. It's too pretty and ductile meaning it is used in jewelry artificially puting it's value up. It is also used in electronics to connect parts. So as a currency it isn't very good when it's value changes with fashion.

Second problem is you can dig up gold. More gold = more supply = devaluation of the currency. There is enough gold that has been dug up to fill approximately 3 olympic sized swimming pools. Imagine what would happen to the value of gold if a mountain of it was found. It would devalue overnight and and currency tied to it would have hyper inflation.

Can't happen? It already has. Silver used to be in a similar position where it was a currency standard. Then an entire mountain full of it was found and now silver is worth far less then gold.

Can't happen again? Underwater sea mounts might. They might not be only be rich in rare earth metals but also gold. With enough geothermal energy generators plenty of gold could be collected in their filters. Last but not least with space exploration gold and other metal values will plumit literally with meteorites falling to the ground.

Gold fails. It is too physical, has too many sinks and inputs to stay a stable currency. And more then any other currency is subject to human emotions. Just look at its perceived value increase since 9/11. Emotive non thinking animals run to the pretty shiny objects. Might be great for birds doesn't really recommend it for a modern human society that understands the historical pitfalls (pun intended) of mined minerals.

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Originally Posted by Kralizec

I believe the conspiracy theory goes: he wanted to introduce the gold dinar, a currency for the African Union, and NATO didn't like it. And it's nonsense.

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Sure, oh these poor Libyans we got to save them. That's the official story. Which seems more likely.

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Originally Posted by Fragony

Sure, oh these poor Libyans we got to save them. That's the official story. Which seems more likely.

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Rushing on behalf of the civilians.

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Originally Posted by Tiaexz

Rushing on behalf of the civilians.

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If you want to believe that fine, don't we all love spending billions on them

Not sure about the Dinar, but the Libya adventure had nothing to do with civilians.

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Originally Posted by Fragony

Sure, oh these poor Libyans we got to save them. That's the official story. Which seems more likely.

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Yes it's more likely, because the dinar theory is about as credible as "teh moon landin is a hoax!!111!1"

Conspiracy theorists have a knack for calling people who believe quality media stupid and gullible while not displaying any degree of critical thought whenever they read some random crap on a blog.

I'm sure that France and the UK had other reasons to push for Ghadaffi's exit. For one thing, Ghadaffi was a bad-shit insane opportunist who would have gone back to financing terrorists against western nations if he thought that it would benefit him; he even alluded to that possibility himself as a blackmail bargaining tactic over the years. I do think humanitarian motives played a part, allthough it wasn't the only reason.