To: dljordan
Question: Is there enough gold on the planet to back the amount of currency we have?
If not. Could we alter this to use something that could cover it?
9 posted on
09/04/2017 3:55:15 PM PDT by
Steve Van Doorn
(*in my best Eric Cartman voice* 'I love you, guys')
To: Steve Van Doorn
No and no.
You can’t go back to an asset backed fiat system. With GDP to debt ratios at or above 100% there’s no way to apply a gold standard.
To: Steve Van Doorn
Question: Is there enough gold on the planet to back the amount of currency we have?
I don’t even know. But just think about the fact that our money is a fiction, a promise that is subject to manipulation in order to extract the only thing that we have to offer, our labor. I’m starting to sound like a commie.
20 posted on
09/04/2017 4:58:38 PM PDT by
dljordan
(WhoVoltaire: "To find out who rules over you, simply find out who you are not allowed to criticize.")
To: Steve Van Doorn
If gold is $20,000 an ounce there is.
26 posted on
09/04/2017 5:28:33 PM PDT by
Vermont Lt
(Burn. It. Down.)
To: Steve Van Doorn
Question: Is there enough gold on the planet to back the amount of currency we have?
If not. Could we alter this to use something that could cover it?
it could do it at about 40k per ounce....
51 posted on
09/05/2017 4:07:09 AM PDT by
Kozak
(DIVERSITY+PROXIMITY=CONFLICT)
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