The Destruction of the US Dollar
POSTED BY: JaynezTown
UPDATED: Thursday, October 16, 2008 00:43
VIEWED: 21107
PAGE 7 of 17
"Still , the intrinsic value of the True Substance , the Metal itself , does not change , because of its Elemental Physical & Chemical Properties...
Like , as an example , what's the Melting Point of Tungsten ?
Go look it up ! It's one of the things that gives that Element its Intrinsic Value , and makes it Unique in that particular , intrinsic , way..."
While in the chemical sense it's (almost) true that you can't change one element into another - why do you think that has anything to do with its value ? Do we value flint for making the very finest spear-tips ? Do we value bronze for armor ? Iron for airplanes ? As our technologies change, so do the things we value.
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The trick is to be ahead of change - not behind it. Now if you were saying the government should have bought up lots and lots of platinum back when it was called 'bastard silver' and used as ballast, you might have a point. But you are asking for the government to speculate in gold, specifically, a commodity whose value may have already come ... and gone.
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Hello,
I think we can safely say that gold has a worldwide appeal and value that exceeds the worldwide appeal and value of paper.
I think we can also agree that while 'money' sometimes becomes valueless, there has been no time in the history of the civilized world when gold became valueless.
To paraphrase George Hearst from Deadwood, "That we agree that the color has value allows us to rise above our petty differences."
Or more to the point, Currency that contains Precious Metal is likely to retain some value even when there is no confidence in the issuing agency (i.e. the Government.)
--Anthony
"Liberty must not be purchased at the cost of Humanity." --Captain Robert Henner
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If gold had been more valuable than food, the bangle would have been taken.
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"Global warming - it's not just a fact, it's a choice."
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But more specifically - would you have the government base its currency on silver ?
And why not ?
Gold is subject to just as many economic forces.
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"Global warming - it's not just a fact, it's a choice."
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Quote:I think that we are entering a stage that - although is prolly has occurred at various points in our development- has been lost to history: the near-complete exhaustion of resources critical for our survival.
Hello, I think we can safely say that gold has a worldwide appeal and value that exceeds the worldwide appeal and value of paper. I think we can also agree that while 'money' sometimes becomes valueless, there has been no time in the history of the civilized world when gold became valueless
It happened on Easter Island. It also happened sporadically in response to natural disasters and shortages, ie. the 90% loss of crops and life in parts of China and South America due to a 535 AD volcanic explosion, etc. But, we're connected worldwide now. We're looking at shortages of water, oil, and food on a massive scale.
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Let's party like it's 1929.
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Quote:
Originally posted by SignyM:
O2B- Using gold to back currency does not ensure either stability or prosperity. In the 1890s when the USA was on the gold standard, it experienced a depression as severe (some say) as the Great DepressionQuote:http://projects.vassar.edu/1896/depression.html
In its impact on industry and employment, the depression of the 1890s was on a par with the Great Depression of the 1930s. In some places it began before 1890, in a deep agricultural crisis that hit Southern cotton-growing regions and the Great Plains in the late 1880s. The shock hit Wall Street and urban areas in 1893, as part of a massive worldwide economic crisis. A quarter of the nation's railroads went bankrupt; in some cities, unemployment among industrial workers exceeded 20 or even 25 percent
The economy was being strangled by the scarcity of money. The silver standard was proposed instead. But there were those whe feared the loss of the "intrinsic" value of gold. To which William Jennings Bryan repliedQuote:http://historymatters.gmu.edu/d/5354/
we shall answer their demands for a gold standard by saying to them, you shall not press down upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross of gold.
So when we were on the gold standard it was seen as the cause of the problem.
I'll get to the real cause later.
Oh , Puhleeeze DO !
Do you ever even bother to READ the sources that you cite ?
You keep proving my points , over and over again , and you don't even know that you're doing it !
It would be somewhat less shocking if you didn't do it time and again , but you persist , Ad Infinitum!
I have laughed so hard until I've gotten sleepy from exhaustion , and you bore me so badly that I must go take a nap !
You are very tiresome , and I think it's because you've clearly been 'educated' beyond your capacity for intelligence...
I'm truly sorry about that...Plainly you have bought into the banksters Propaganda...Ah , well , some people juggle geese...
There are some Folk in here exhibiting the evidence of Intelligent Life , ( and , I appreciate your help , AnthonyT and Miike , Jayneztown and Participant),
and I enjoy the pleasure of their company , but some of the rest wouldn't apprehend the facts if we took bricks of gold and could beat it into them...
It's even tougher than bringing Religiosity to the fuzzy-wuzzies...
Makes it More Fun !
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"It's even tougher than bringing Religiosity to the fuzzy-wuzzies..."
So, are you a religious nut-job as well ? Oh, wait. That's redundant.
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"Global warming - it's not just a fact, it's a choice."
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S'wenways, AnthonyT
I'm curious. I can understand the feeling (though I don't agree with the concept) that a tangible item somehow has 'value' above and beyond what we give it. So, why do you seem to think gold is any more valuable than real estate, fresh water, arable crop-land or any resource ? And why do you seem to think that gold is not subject to market-forces of supply and demand (which only creates relative value) ?
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"Global warming - it's not just a fact, it's a choice."
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Hello,
re: Bangle/Buzzard Picture
I don't know what the Bangle is made of, but the Buzzard is made of food.
--Anthony
"Liberty must not be purchased at the cost of Humanity." --Captain Robert Henner
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Hello,
Re: Silver
Yes, Silver also has globally accepted value that exceeds the globally accepted value of paper. Perfectly fine for coining money, and retaining some value even if the issuing agency loses its own.
--Anthony
"Liberty must not be purchased at the cost of Humanity." --Captain Robert Henner
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