lpnmajor Loc: Arkansas

A patriot, a religious zealot, a fanatic, a fundamentalist, what's the difference? Some may feel p***e in their country because it is a great country and some just live here. The energy company moguls and their shareholders, only live here part of the time, they have domiciles in numerous countries. Is it any wonder that they feel no loyalty, or other emotion, for the USA?

They don't care whether the USD is the currency of choice, or gold, or toilet paper, they control the oil, which is the only TRUE international currency there is. Those who control the oil get to dictate to the rest of the world, so Putin was extremely clever in giving Exxon Mobile partnership here. He has effectively bypassed all diplomatic channels, to influence DC directly. Exxon Mobile will use their pet politicians in any way necessary, to protect their Russian profits. Nationality, patriotism, none of these have any bearing. Profiteering is it's own nation and it's members are fanatics.

Floyd Brown Loc: Milwaukee WI

What words need to be said on this issue.

It is not what is used for exchange in trade. It is what ever is needed to make both parties happy.

All that is needed is some thing that has a steady with excepted value. Some thing that the Money Exchangers can't play with the value of.

It all boils down to trust & you can't trust the money changers.

Who really wants a Gold standard? The ones that have the gold.

Today for the most part money is just numbers in a computer some where. As long as most of us have the numbers to exchange for what we need & want there is not much of a problem.

The problem is that we have to pay for those numbers.
Beyond what the true cost of handling those numbers are.

The Money Exchangers don't come cheap.

Patty

I see the gold standard more as a leash on the fed and the oligarchs in office than as abenefit to those with gold. These people have been allowed to roam free in our economy with no restraint. Even Ron Pauls bill passed to audit the fed through congress but the Obama admin sent in the attack dogs to the senate to stop it from passing. The total secreacy and no accountability of our economy is k*****g we the people while the wealthy get richer. A gold standard would curb their party.

Floyd Brown Loc: Milwaukee WI

The handwriting is on the wall. The steps are being taken to carry us into the One World Economy.

The best that any of us can do is to start making the changes in our life styles to cope with it.

I would say that if you have assets you do all you can to protect them. You should with some adjustment be okay.

If you have no assets as is the case for many. Well the prospect of a better life isn't much better that it is today.
Your hope is that the money spent on fighting wars may be put to better use making life a bit better for everyone.

Patty

There are a couple things that we could see play out. A new global reserve currency based on SDRS through the IMF units or a gold backed currency through the BRICS countries.
Average fiat non backed currencies last about 30 years on average. It was 23 years between the Bretton Woods to the 1971 when Nixon took us off the gold standard. Niow its been 43 years and we are over do for a crash. With the IMF broke and the BRICS backed by gold with their new World bank not many will chose to use the western reserve basket based fiat currency but will go with what the BRICS come up with.

Floyd Brown Loc: Milwaukee WI

Just how long would a new Gold Standard really last?

How long would you support it. How long would it be before we find our self in the same mess we are in now.

I would say that most people on Earth would see no positive change in their well being from day One.

We don't seem to see things the same way but I would put my trust in people like us to back a system that is not based on Debt.

Why should it cost us to pay for the numbers we put into computers?

How much longer do you what to carry those greedy Money Exchangers around on your back.

As individuals we have to carry the costs of keeping the system alive. There will always be adjustments, but so are there adjustments needed with any system.

Adjustments are made in keeping the supply of money enough to meet demand.

If there is a slow down in demand you just print more money & the government spends it. It happens now but we have to pay interest on the money.

When the economy picks up the government cuts back on spending. This should cause the private sector to look to the consumers for increased spending.

If the Private sector sees to it that the consumer has more money to spend the Government sector will shrink.

Heaven forbid that the private sector would have to get along with out a government to bail them out of their messes.

I know that my views on money are some what compressed But I offer them as a starting point to a more complete picture.

About the only way we can change things, is in how we control the way we spend our money. When something will affect their bottom line the listen closer.

lpnmajor Loc: Arkansas

The reality is, whenever an economic system is based on "virtual" assets, there is ample room and incentive to manipulate it, for the benefit of those who know how and have the means. Economies are NEVER designed to benefit the poor, as they are the consumer AND the producer - but who do not own their production.

Since the decline of the feudal system, the "disentitled" nobility have simply changed titles ( CEO, Chairman of the board, President, etc. ), but the system is the same. The poor produce for the rich, who set the prices, take the profit and leave the poor with barely enough to survive. It is not good business to have a thriving peasant class.

Patty

If the government couldn't print more than what they had to back it we wouldn't be paying $400,000,000,000.00 in interest to the fed banking cartel and the bond holders a year.
The gold standard worked for 5000 years and was a natural adjusted system and not policy manipulated system . In the back of the book Im reading now there are 13 pages from 1700-2014 of failed fiat currencies is small print.

lpnmajor Loc: Arkansas

One would think, that with the enormous printers available in our mints, that it could have been in larger print. They may have been busy, printing the $100,000 bill.

Patty

I think you are spot on. They will just start adding 0's to our currency and by revaluing with one added 0 will cut their debt by 90% and devalue our purchasing power by the same.
To do this though they would have to peg in against something real as the world is tired of their fiat games. Their promises and a $200.00 bill will only buy you a cup of coffee.

lpnmajor Loc: Arkansas

Haha! There will probably be a surcharge though - for the promise. :cry: