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Is the Media testing the waters for a Gold Standard?

Wolf359Wolf359 Posts: 7,656 ✭✭✭
in Precious Metals
Front Page of NY Times. Look carefully at the photo and the story to the right:


image
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Comments

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,358 ✭✭✭✭✭
    I don't see anything about a Gold Standard in the photograph or story. image
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    If it does, it must be written in code. I don't see any.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Don't you feel Entitled... to an explanation?

    Liberty: Parent of Science & Industry

  • cohodkcohodk Posts: 19,101 ✭✭✭✭✭
    How would a gold standard help the poor?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • Wolf359Wolf359 Posts: 7,656 ✭✭✭
    Mitt Romney's "victory" surrounded by Ron Paul signs and a story about out of control entitlements. In the voting booth, people remember a name, not a face.

    Who wants a Gold Standard?
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  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,358 ✭✭✭✭✭


    << <i>Mitt Romney's "victory" surrounded by Ron Paul signs and a story about out of control entitlements. In the voting booth, people remember a name, not a face.

    Who wants a Gold Standard? >>



    image So Romney walking past a Ron Paul campaign sign is supposed to remind us of a gold standard. Quite subtle indeed.

    However, it does take bit of a leap to suggest that the NY Times is testing the waters for a gold standard.

    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • dpooledpoole Posts: 5,940 ✭✭✭✭✭
    Tough audience, Wolf. image

    Here's a warning parable for coin collectors...



  • streeterstreeter Posts: 4,312 ✭✭✭✭✭
    My fifth grader might find the correlation between the photo and the story but I'll be darned if I can find it.

    Wait, you mean the Whitney photo and the story to the right of her?

    Or the CITI photo and the ad to the right?

    I'm confused.

    edit: $5.00 for that paper. OUCH
    Have a nice day
  • derrybderryb Posts: 36,792 ✭✭✭✭✭


    << <i>edit: $5.00 for that paper. OUCH >>


    What inflation? image

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    An outfit like the NY Times will work hard to prevent any return to the gold standard. Their views are on the left of the political spectrum and they don't want any restraint on government size or spending.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • Wolf359Wolf359 Posts: 7,656 ✭✭✭
    As Ron Paul has pointed out the Gold Standard will protect the poor from a eroding dollar - and the story points to the "Poor left with a smaller share".

    It's clearly a front page advertisement for Ron Paul, who wants a return to Sound Money, aka Gold Standard. They just can't come right out and say it yet.
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  • bronco2078bronco2078 Posts: 10,212 ✭✭✭✭✭

    The NY times hates ron paul I think they would do anything they could to get rid of him . They hammer on him regularly with editorials after every primary .


    I think that derry pegged the answer, the endorsement of the gold standard on the page is the $5.00 cover price. Even the people that started the federal reserve are probably rolling over in their graves over that .

    I'm picturing J.P. Morgan handing his paperboy a half eagle for his morning paper and getting no change back. I couldn't find a picture of a sunday paper but in 1912 the NY times daily paper was only a penny image


  • cohodkcohodk Posts: 19,101 ✭✭✭✭✭


    << <i>As Ron Paul has pointed out the Gold Standard will protect the poor from a eroding dollar - and the story points to the "Poor left with a smaller share".

    It's clearly a front page advertisement for Ron Paul, who wants a return to Sound Money, aka Gold Standard. They just can't come right out and say it yet. >>




    While I wasnt around during the 1800's, it is very easy to find pictures of that time. And it is not difficult to find poor people in those pictures. The gold standard did not prevent people from becoming poor, nor did it lift them from poverty.


    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    gold standard would make no difference. Treasury would just fudge the Fort Knox gold numbers and print more money when needed. Gold standard only works in a society of moral standards.

    For a gold standard to be effective, Treasury would have to have control of all the gold, including yours.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Looks like a Romney endorsement, both in the picture and in the article on the right.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    I'm sure we all wish that newspapers were still one cent; And that we still made $2.00 a day doing manual labor that caused the average life expectancy to be 53 years, the last few of those generally in crippling disease and pain.

    Liberty: Parent of Science & Industry

  • TheBigBTheBigB Posts: 942 ✭
    What this country needs is a really good 5-Cent cigar.
  • derrybderryb Posts: 36,792 ✭✭✭✭✭


    << <i>What this country needs is a really good 5-Cent cigar. >>


    ....from Cuba.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • Wolf359Wolf359 Posts: 7,656 ✭✭✭


    << <i>

    << <i>As Ron Paul has pointed out the Gold Standard will protect the poor from a eroding dollar - and the story points to the "Poor left with a smaller share".

    It's clearly a front page advertisement for Ron Paul, who wants a return to Sound Money, aka Gold Standard. They just can't come right out and say it yet. >>




    While I wasnt around during the 1800's, it is very easy to find pictures of that time. And it is not difficult to find poor people in those pictures. The gold standard did not prevent people from becoming poor, nor did it lift them from poverty. >>



    The Gold Standard is bad for the poor?
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  • johnny9434johnny9434 Posts: 28,305 ✭✭✭✭✭
    keep the paper for $5. ill go and see if the public library has one. jmo
  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    Why would anyone believe that a gold backed dollar actually had gold in the vault to back it? Backing with gold is nothing more than a promise from those known to lie.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • ebaytraderebaytrader Posts: 3,312 ✭✭✭


    << <i>As Ron Paul has pointed out the Gold Standard will protect the poor from a eroding dollar >>




    A completely false premise.

  • derrybderryb Posts: 36,792 ✭✭✭✭✭


    << <i>

    << <i>As Ron Paul has pointed out the Gold Standard will protect the poor from a eroding dollar >>




    A completely false premise. >>


    A truely gold backed dollar cannot be created out of thin air. This in turn eliminates erosion of a dollar's value. The poor suffer most from a dollar that is continually worth less because they have a very limited supply of them.

    The more dollars one has, the less impact he feels from its devaluation - he just has to spend a few more to buy what he could buy last month. Ron Paul is 100% correct, as usual.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • ebaytraderebaytrader Posts: 3,312 ✭✭✭


    << <i>

    << <i>

    << <i>As Ron Paul has pointed out the Gold Standard will protect the poor from a eroding dollar >>




    A completely false premise. >>


    A truely gold backed dollar cannot be created out of thin air. This in turn eliminates erosion of a dollar's value. The poor suffer most from a dollar that is continually worth less because they have a very limited supply of them. >>




    A 'gold standard' guaranties nothing.
  • derrybderryb Posts: 36,792 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>As Ron Paul has pointed out the Gold Standard will protect the poor from a eroding dollar >>




    A completely false premise. >>


    A truely gold backed dollar cannot be created out of thin air. This in turn eliminates erosion of a dollar's value. The poor suffer most from a dollar that is continually worth less because they have a very limited supply of them. >>




    A 'gold standard' guaranties nothing. >>


    A gold standard, if honored, guarantees no more money from thin air. Money from thin air is our singlemost economic failure - it fosters runaway debt and risk free investment for the biggest players. It also fosters debt slavery to taxpayers for many years ahead.

    As I said earlier the problem with a gold standard in today's corrupt political enviornment is the ease with which the amount of gold in the Treasury vault can be ficticiously created.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • ebaytraderebaytrader Posts: 3,312 ✭✭✭


    << <i>
    A gold standard, if honored, ... >>



    Well, there you go.



    << <i>As I said earlier the problem with a gold standard in today's corrupt political enviornment is the ease with which the amount of gold in the Treasury vault can be ficticiously created. >>



    TPTB need only to change the ratios by law. FDR did it. No slight of hand needed.

    A 'gold standard' is just a talking point for the charlatan promoting it. Fiat money works BETTER than a gold standard IF you hold TPTB to some kind of accountability. Barring that, playing 'hire & forget' with pols is the surest way to screw ourselves regardless of the monetary 'standard'.
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    hope this link works..more MA mantra

    it's a pdf


    MA does support Ron Paul, but MA's view and some here see a GS as extremely depressionary.
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