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Return to Gold Standard?

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frcisafraud
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Return to Gold Standard?  Reply with quote  

I heard recently that many other places are returning or attempting to return to a gold standard or value backed money. I believe even in Iraq there is gold backed currency.

Where does that leave our country if everyone else has value backed (real money) and the Bankers decide to hold us accountable for our growing debt they have put us in with Fiat debt notes?

Just a thought. Does anyone have any knowledge of other countries with value backed currency? What is the currency in IRAQ? is it backed by a percentage of gold?

-frc Question
Post Fri Sep 03, 2004 7:18 pm
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khorne55
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The Euro is 1/10th backed by gold or silver, I don't recall which. Another thing about the Euro is that it doesn't represent one country as does our dollar. Since we are almost universally disliked, foreign banks have been moving money from the dollar and into the Euro. If this trend continues it could get ugly here.
Post Mon Jan 31, 2005 9:14 am
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ambelovsky
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I don't understand how this can continue to exist.. the lack of existance that is.. If the money doesn't have the "actual value" that we say it has, there's a problem. Why is this allowed to go on? What is the sane thinking behind why this money is allowed to exist?
Post Fri Mar 04, 2005 11:24 pm
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chiron
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quote:
If the money doesn't have the "actual value" that we say it has, there's a problem.

I feel off-topic, it's Friday, so without picking on the quote above, the entire concept of money is that it is a socially-accepted symbolic representation of work, services, and thus value. Without the ability to store kinetic energies or physical or indirect services, civilizations cannot exist (very well). Think of it like a candy bar. A candy bar is really just a stored symbol of energy. (Or in certain cases, love handles - cough)

Anyway, the word we use most often for it in many languages of the western world comes from the Latin stem for "cattle" and the silly quote that "time is money" is actually literally true - both time and money are abstract and uniquely human constructs that do not exist naturally.

Which is to say, a gold standard is only a standard because gold is a relatively semi-rare metal that was found to be a good, non-replicable representative for "we the people hold this to be self-evident" transfers of worth - and gold itself fluctuates as much as most national currencies pegged to the Euro, olive oil, or cinammon.

Euros, dollars, bits in cyberspace that gibber 01010 at you, or chunks of asteroids, the simple fact is that "money" is only what we all agree it is, gold included. Otherwise, gold is no more valuable than our paper dollars than it can be as a soft metal that until post-industrial nanoelectronics and ionic plating cam into vogue, was entirely useless as a blunt tool of any other kind.

Now, gold is often seen as a crowbar with the strength to move entire economies... If you ask me, we've come far since the bronze age... but not too far - only a couple of elements along...
Post Sat Mar 05, 2005 12:34 am
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frcisafraud
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PAPER MONEY  Reply with quote  

The problem with FIAT (Paper money) is that it has always led to eventual collapse. Historically it is inevitable. It is one thing to have something of real value for a medium of exchange, it is another to have something accepted as value for exchange, yet it is another when power is given to a private Corporation (THE FED) to litterally create value of paper money out of nothing. There is no bartering here, simply fraud in disguise. Thus the Fed has created a destructive system that promotes Tyranny, socialism, and class seperation. They litterally create wealth for themselves out of nothing. Then they loan thier notes to our government which we have to pay back with interest. Dont think they are out to get rich, They allready have plenty of Money. Its all about Greed,power and control.

The Federal Reserve Corporation is a fraud. Unfortunately even given the historical facts there are many who have a hard time swallowing the large bitter pill of truth.
Post Sat Apr 02, 2005 8:02 am
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Rolo
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Re: PAPER MONEY  Reply with quote  

quote:
Originally posted by khorne55
Since we are almost universally disliked, foreign banks have been moving money from the dollar and into the Euro.


Feelings fall to the wayside where making a profit is concerned. Dollar investors are considering backing out because the dollar has been a bear for a long time and appears it will continue to fall. This is also why I am heavily invested in foreign equities.


quote:
Originally posted by frcisafraud
when power is given to a private Corporation (THE FED) to litterally create value of paper money out of nothing.


Two problems with that: 1. The US Treasury does have tangible value, and 2. 'Value' is not the only factor here, reputation does as well. When you apply for a loan, those two things are considered: Do you have assets, and what is your credit score?

quote:
Originally posted by frcisafraud
Thus the Fed has created a destructive system that promotes Tyranny, socialism, and class seperation.


wow...I don't follow, though; can you connect those dots for me?

"Expect me when you see me."
Post Sat Apr 02, 2005 1:06 pm
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frcisafraud
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Re: PAPER MONEY  Reply with quote  

quote:
Originally posted by Rolo
quote:
Originally posted by khorne55
Since we are almost universally disliked, foreign banks have been moving money from the dollar and into the Euro.


quote:
Originally posted by frcisafraud
when power is given to a private Corporation (THE FED) to litterally create value of paper money out of nothing.


Two problems with that: 1. The US Treasury does have tangible value, and 2. 'Value' is not the only factor here, reputation does as well. When you apply for a loan, those two things are considered: Do you have assets, and what is your credit score?

............. Did I say anything about the US TREASURY? ya lost me there? I was refering to the PRIVATE OWNED CORPORATION , The Federal Reserve Corporation,THAT NEVER PAYS TAXES AND HAS NEVER BEEN AUDITED. It doesnt matter if the Treasury or the Bank has tangible value. The PAPER notes are nothing more than debt notes anyway. A FEW STATES SUCH AS ARIZONA HAVE ATTEMPTED TO WITHDRAW FROM THE SYSTEM BUT WERE UNSUCSESSFULL do to the Power and influence the FED has.

quote:
Originally posted by frcisafraud
Thus the Fed has created a destructive system that promotes Tyranny, socialism, and class seperation.


wow...I don't follow, though; can you connect those dots for me?


If you want to use dots there are a lot to connect and the picture can get very detailed. Its a long history that starts with the Origin of fractional Reserve Banking and Central Banks. can I post a link here to detailed history? Its for those who have more than a short attention span but it is very detailed and full of historical facts.


Last edited by frcisafraud on Sat Apr 02, 2005 9:54 pm; edited 1 time in total
Post Sat Apr 02, 2005 4:42 pm
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frcisafraud
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MONEY WATCH!  Reply with quote  

I posted info about this in the thread MONEY WATCH> THE URGENT NEED FOR COMPREHENSIVE MONETARY REFORM

IF you want TRUTH, HISTORY and FACTS, they are there. If you want an easy answer and dont have enough concern, then you will not bother.

As Female Journalist DEVY KIDD has implied: in her article MEN are SISSYS and wimps (worldnetdaily) we men are too intellectually lazy to do a little homework and research on these issue that effect us all the most![size=18]AGAIN go to MONEYTALK>MONEYWATCH>THE URGENT NEED FOR COMPREHENSIVE MONETARY REFORM[/size][/size]

ALSO very interesting is the article [size=18]BILLIONS for The Bankers Debts for the people.
Although not quite as accurate and not from a historical point of view, it gives a general concept in a reader friendly method.


Last edited by frcisafraud on Sat Apr 02, 2005 10:02 pm; edited 2 times in total
Post Sat Apr 02, 2005 6:45 pm
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frcisafraud
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Thanks for the insight  Reply with quote  

Unfortunately it has been predicted years ago that there is a movement to merge the western hemispere, erase borders and join currencies. AS we know the currencey merging is allready happening with the Euro in Eastern Countries.

Next will be the Merging of the TWO EAST and WEST to form a world currency that is no more legitimate than the current FIAT systems we have.


Any more details about Mexico currency movements?


Last edited by frcisafraud on Sat Apr 02, 2005 9:57 pm; edited 1 time in total
Post Sat Apr 02, 2005 7:56 pm
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Rolo
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Re: PAPER MONEY  Reply with quote  

quote:
Originally posted by frcisafraud

............. Did I say anything about the US TREASURY? ya lost me there?


You mentioned foreign investors backing out of the USD. Correct me if I am wrong, but aren't those investment with/backed by the US Treasury?

"Expect me when you see me."
Post Sat Apr 02, 2005 8:39 pm
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frcisafraud
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Foriegn Investors?  Reply with quote  

I am not sure where I sated that or what the context was. can you show me the quote you are refering to because I am not sure where this is going?

I must admit I had sleep deprivation all week, LOL
Post Sat Apr 02, 2005 10:01 pm
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jurand
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Gold has historically been used for its value, so I would think it would be a wise decision to go back to gold-backed currencies!
Post Sun Apr 03, 2005 1:33 am
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frcisafraud
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MEXICO SILVER!  Reply with quote  

I enjoyed reading that article. Thanks for posting it. I hope to see more articles that address these issues.

If the expectation is correct. Now is the time to invest in SILVER.

As the Dollar is on a downword spiral and decline silver holds out and is increasing in value. And if Mexico and even America begins using more silver the value will likely go up more.

There are a rising number of Americans awakening to this need also. Liberty Dollar backed by silver and the 1 ounce silver liberties have quickly become the 2nd most popular curency in America. That would make them the #1 Free Market currency and the #1 of all voluntary currencies.

Like stated in the articles above, The CENTRAL BANKS HATE IT! of course they do, it goes against the ability to decieve and manipulate the masses!
Post Sun Apr 03, 2005 3:19 am
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worldreporter
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Post Mon Mar 13, 2023 9:54 am
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