@blitzdude said:
What would have happened? We would have become a 3rd world economy. RGDS!
Hard to believe you’re American AND a veteran, with such thinking. 3rd world if we stayed on the petro dollar… Or if we go to a crypto buck. What backs either ?
@blitzdude said:
What would have happened? We would have become a 3rd world economy. RGDS!
Hard to believe you’re American AND a veteran, with such thinking. 3rd world if we stayed on the petro dollar… Or if we go to a crypto buck. What backs either ?
If we stayed on the gold standard while the rest of the world went off, then we would probably be a 3rd world country.
208 $20 dollar bills or One Gold Eagle from West Point ?
Or No mint mark will get you a common eagle piece for a little more than 167 $20 notes plus some change. If paper pushers can’t see the gold standard in effect, far be it from me to point it out any more.
@blitzdude said:
What would have happened? We would have become a 3rd world economy. RGDS!
Hard to believe you’re American AND a veteran, with such thinking. 3rd world if we stayed on the petro dollar… Or if we go to a crypto buck. What backs either ?
If we stayed on the gold standard while the rest of the world went off, then we would probably be a 3rd world country.
@derryb said:
We'd have run out of dollars a long time ago.
Yep and Yep. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
@derryb said:
We'd have run out of dollars a long time ago.
We have. That is why there is a 37 trillion-and rising-national debt along with the elephant in the room which is ignored by most, an unfunded liabilities tab in the quadrillions!
@derryb said:
We'd have run out of dollars a long time ago.
We have. That is why there is a 37 trillion-and rising-national debt along with the elephant in the room which is ignored by most, an unfunded liabilities tab in the quadrillions!
While both seem to have no limit, dollars and promised dollars (debt) are two different animals
No Way Out: Stimulus and Money Printing Are the Only Path Left
Anybody wanting to see how a Gold Standard works can check out the nominal or real GDPs of European Countries from the South that are tied to the Euro.
Gold would never work as money unless the gold price was unpegged to a fixed dollar price. Gold needs to rise in price to absorb the productivity gains. Instead of introducing more money into the economy to accommodate economic growth, the money itself grows in value. This allows deflation in goods and services and inflation in the money itself.
Comments
What would of happened? We would have become a 3rd world economy. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Hard to believe you’re American AND a veteran, with such thinking. 3rd world if we stayed on the petro dollar… Or if we go to a crypto buck. What backs either ?
``https://ebay.us/m/KxolR5
If we stayed on the gold standard while the rest of the world went off, then we would probably be a 3rd world country.
Knowledge is the enemy of fear
We'd have run out of dollars a long time ago.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Better to run out of dollars than sense.
``https://ebay.us/m/KxolR5
The constitution has not changed. Silver and gold is lawful money. It doesn’t matter how corrupt things are.
``https://ebay.us/m/KxolR5
208 $20 dollar bills or One Gold Eagle from West Point ?
Or No mint mark will get you a common eagle piece for a little more than 167 $20 notes plus some change. If paper pushers can’t see the gold standard in effect, far be it from me to point it out any more.
``https://ebay.us/m/KxolR5
Yep and Yep. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
We have. That is why there is a 37 trillion-and rising-national debt along with the elephant in the room which is ignored by most, an unfunded liabilities tab in the quadrillions!
While both seem to have no limit, dollars and promised dollars (debt) are two different animals
No Way Out: Stimulus and Money Printing Are the Only Path Left
Anybody wanting to see how a Gold Standard works can check out the nominal or real GDPs of European Countries from the South that are tied to the Euro.
Lost Decades galore.
Gold would never work as money unless the gold price was unpegged to a fixed dollar price. Gold needs to rise in price to absorb the productivity gains. Instead of introducing more money into the economy to accommodate economic growth, the money itself grows in value. This allows deflation in goods and services and inflation in the money itself.