Posted on 11/02/2011 8:57:58 AM PDT by Kaslin
Well,all that gold better be in Ft. Knox...maybe Geraldo can do a special when the open the vault.
Well,all that gold better be in Ft. Knox...maybe Geraldo can do a special when the open the vault.
Well,all that gold better be in Ft. Knox...maybe Geraldo can do a special when the open the vault.
Well,all that gold better be in Ft. Knox...maybe Geraldo can do a special when the open the vault.
Well,all that gold better be in Ft. Knox...maybe Geraldo can do a special when the open the vault.
“Holy multi-post, Batman!”
Have this bunch look into Ft Knox: http://www.history.com/shows/brad-meltzers-decoded/episodes/decoded-season-2#slide-4
Its gold, and its also ELIMINATING the FED.
The Federal Reserve is the cornerstone of progressive Govt. It allows Gov’ts to print money to fund their various schemes, and it allows politicians to pick winners and losers.
Using an old laptop today..it’s acting up..driving me cazy..
Geraldo?? Isn’t this the guy that in a blatant and racist act changed his name to be more appealing to Latinos??
Jerry Rivers doesn’t quite sound latino enough I guess.
Do any of these gold-standard types ever look at the whipsaws the economy used to make? We see a 5% decline in economic activity and all hell breaks loose. In the “good old days,” that wouldn’t even register. These are declines in economic activity; the declines in actual dollar amounts of the GDP would be far larger in the gold-standard age:
2007-2009: -5%
1929-1938: -26%
1923-1924: -22%
1920-1921: -28%.
Panic of 1907: -29%
1895-1897: -25%
Panic of 1893: -37%
1882-1885: - 33%
1873-1879: -34%
And check out this Depression far worse than the Great Depression!: -52%!!!
The problem is that a soaring price of gold, which happens during a recession, inhibits spending. Decoupling dollars from gold allows spending to continue despite the soaring price of gold. Worst still, gold could soar for no good economic reason, just speculation.
The -52% GDP was 1836-1843.
I think this is a Guinness world record for multiple posts!
I gotcha, I was just funnin’ ya, we all have those days, lol.
It’s an allusion to when Geraldo made the big hype about opening up Al Capone’s secret, never-before-found vault, that was supposed to be full of secret treasures, and there was a big hype and when they opened it on live, national TV, I think it had a soda can, or the likes.
gold bug ping
“Decoupling dollars from gold allows spending to continue....”
And that, is the problem, it allows governments to grow bigger, only a sound currency keeps governments SMALL.
We want a smaller government, and sound money is the way to do it. The mechanics of HOW to do that, I am not knowledgeable to say, but the current system is about to fail.
The dollar is being devalued to save the banking and the elites system. And WE the taxpayers, are going to get screwed. Why do you say we should do nothing to protect ourselves and our families?
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