Boards - soapbox - I am getting so tired of listening to people talk about returning the US dollar back to the gold sta | MOTHERLESS.COM ™

1

Anonymous

@soapbox

21 Mar 2012 8:28AM

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I am getting so tired of listening to people talk about returning the US dollar back to the gold standard like its some kind of fucking panacea. The gold standard is bullshit, as it limits the flexibility of the central bank to expand and contract money supply to manage economic cycles. Are you seriously telling me that having a fiat currency that is worth "whatever we say it is", is somehow less preferable than having a currency backed by rocks (yes, gold is essentially a rock) that is worth.....wait for it....." whatever we say it is"?!

Let that sink in a minute. So here's the deal kids.... You are ALL being duped. While we are engaging in mindless stupid arguments about the gold standard, debt, and whatever else they choose to distract us with, we are being enslaved. Wake the fuck up!

As for this debt crisis. Money doesn't exist. It's not a real tangible asset, and therefore can be created and destroyed in an instant. It is a instrument of debt, and nothing more. There cannot be a shortage of something that doesn't really exist and can be created at will. The debt scam is simply a way of controlling the masses and scaring us into handing over our freedoms.

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Replies 33

1

Zagg

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21 Mar 2012 10:12AM

This is the sort of thing that small sects of radicals grab onto as a cure for all economic ills (a panacea, as you say). It's not going to happen. The people who control the economy and profit mightily from it will use their economic power to see that it never happens.

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1

Anonymous

21 Mar 2012 11:49AM

Who cares anymore, enjoy the site.

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Anonymous

21 Mar 2012 12:20PM

yea, the current system of having our money backed up by NOTHING is working. We need to go back to a Gold/silver standard

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1

Anonymous

21 Mar 2012 1:35PM

You are an idiot.

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1

Anonymous

22 Mar 2012 3:18AM

^Pot calling the kettle black^

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1

Anonymous

21 Mar 2012 3:30PM

Just get rid of the corrupt privately owned FED and replace it with a transparent publicly owned institute!

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1

Anonymous

21 Mar 2012 9:39PM

I think the only thing that is keeping our money solvent, is that are dollar is the worlds reserve currency. One day the world will wake up and stop taking our hyperinflated currency. printing off money is really fun tell its worth nothing more the wall paper. Putting a solded asset behind our dollar now sounds better then letting it run wild later...

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1

Anonymous

21 Mar 2012 9:40PM

trade porn it makes everyone happy. personally never jacked off looking at george washington or a rock

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1

Anonymous

21 Mar 2012 9:44PM

And the federal reserve is highly at fault and is responsible for alot of our nation's financial problems...

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1

Anonymous

21 Mar 2012 9:45PM

I have...

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1

Anonymous

21 Mar 2012 9:47PM

now thats funny

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Anonymous

21 Mar 2012 9:48PM

was it his wig that did it or those fucking stockings they wore back then

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1

Zagg

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21 Mar 2012 9:57PM

This discussion is at just about the level one would expect on this topic.

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1

Anonymous

22 Mar 2012 3:19AM

Zagg, quit trying to act like you're intellectually superior to everyone. Your the author of more incorrect, non-factual, moronic posts at Motherless by far then anyone else.

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1

Anonymous

22 Mar 2012 7:52AM

Zagg, are you an economist? I am, and OP is spot on.

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1

Zagg

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22 Mar 2012 4:03PM

What I said was, it's not going to happen. One doesn't need to be an economist to see that. It's not going to happen. And, by the way, you're academic appointment is where?

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1

Anonymous

22 Mar 2012 9:32PM

LOL, typical Zagg....values an "academic appointment" over a professional in the real world that actually DOES SOMETHING!

Zagg, Obama, Stephen Chu, Catherine Sibileus, and many others in this current adminstration are "academics". And where has it gotten us?

-8.2% unemployment

-Over 3 years of recession

-$4-5/gal gasoline

-$1 TRILLION taxpayer $$ wasted on bankrupt "green" energy companies.

-"Fast & Furious" gun running to Mexican drug lords & killing a U.S. agent.

-Inflation reducing the value of the dollar.

Those who can do, & those who can't teach. Only a big government Socialist like Zagg would think that the answer lies with academia! In November we need to remove the academics, and return control of the country to people who actually know what they're doing in the real world.

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1

Anonymous

25 Mar 2012 4:06PM

I know my "opinion" will not mean much, because I am not a "economist", and was Homeless for six months. But I can confirm that unemployment and Homeless rates are far above what the Government is releasing.. Families are living out of their cars and I have seen kids, younger and younger, homeless. Don't base your "solutions" on illicit "facts". Since when has the Government been honest?

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1

Zagg

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22 Mar 2012 5:01PM

And for you academic economists, here's a quote from azizonomics.com/tag/academic-economists/:

In fact, the gold standard is almost universally shunned (with a few notable exceptions) among academic economists. In a recent survey of academic economists, 93% disagreed or strongly disagreed with this statement:
If the US replaced its discretionary monetary policy regime with a gold standard, defining a �dollar� as a specific number of ounces of gold, the price-stability and employment outcomes would be better for the average American.

The author, by the way, is a propopent of the gold standard.

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1

Zagg

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22 Mar 2012 5:43PM

"proponent", of course.

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1

Anonymous

22 Mar 2012 9:34PM

Typical unsourced, unproven, Libtard tripe from one of the biggest failfag bags-of-wind on Motherless. Thanks, Zagg.

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1

Anonymous

23 Mar 2012 8:51AM

Zagg, I'm not even going to bother with telling you my aced mic credentials. I am an economist and work in currency trading on levels you couldn't/wouldn't imagine. Academic economist are all theory, and really do not understand the fundamentals of what drives markets. While government economists are scratching their heads as to what caused the housing crisis, the answers are there as plain as day.
In the case of the housing melt down, artificially low interest rates allowed a run up in housing values. Banks were so eager to sell of mortgage backed securities that they didn't even bother to check credit on many applicants. So, simple greed set in...and the market tanked when people realized that the price run up was not in line with inflation. Resetting ARM loan rates caused payments to balloon, and defaults to occur. The problem is that all these mortgage backed securities had a much smaller rate of failure built into their calculations of valuation, and when everything went to shit the banks didn't want to sell at reduced values, nor did they want to lend to buy property at inflated values. So, what happened? Massive revaluation of the market to old crisis levels. So, wanna know why we are spending huge ass amounts of money now? Well, I'll give you a hint... We are buying our own debt....yep, buying it up from foreign creditors too. The Fed is now the largest holder of United States debt, and soon it will be the ONLY holder of US debt.... And then the Fed will write it off. We are using all this newly issued debt to transfer subprime mortgage baked security liability from the banks to Fannie and Freddie, then to the Fed's balance sheets where they are forgiving the debt. And they are damned smart to do it this way! So, Zagg, you can go around quoting academics all you want, but I am telling you right now that the OP is absolutely right. The gold standard is not a miracle solution. I'm not interested in listening to uneducated "and yes, I consider you uneducated" fools spout populist ideas. The reality is that if people like you got ahold of the economy, we would be in a world of shit. Take it from someone who makes more money in one month than you do all year. I make that kind of money because I know my shit..... I can't afford to be wrong.

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Anonymous

23 Mar 2012 8:52AM

Please excuse the typos autocorrect killed a few things here.

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Zagg

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23 Mar 2012 10:20AM

Excuse me, but exactly what "populist idea" did I spout? What I said (and apparently you didn't pay the slightest attention to the view that you go to great lengths to attempt to refute) is that "It's not going to happen. The people who control the economy and profit mightily from it will use their economic power to see that it never happens." That is, the US is not going to return to the gold standard. Almost no one in finance, corporate governance, or economics (and the latter is what the example that I quoted indicates) takes the gold standard seriously. Apparently you think that view is incorrect and that the gold standard will be reinstated? You'd better be prepared for a long wait.

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1

Zagg

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25 Mar 2012 1:11PM

The big rich guy apparently had nothing more to say.

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Anonymous

25 Mar 2012 5:34PM

The "big, rich guy" doesn't give a fuck about arguing with you. I, unlike you, have a fucking life..... And have been busy having a great weekend with my hot girlfriend.

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Anonymous

26 Mar 2012 2:27PM

Ha! Zagg doesnt't have shit I say to that. Go you!

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Zagg

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26 Mar 2012 5:17PM

And has nothing more to say, it seems.

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Anonymous

26 Mar 2012 3:34PM

LOL, "the big rich guy", Zagg shows his Socialist beliefs yet again. Because Zagg is a failure, the "rich" who have worked to get ahead should now redistribute their wealth to him and every other miserable failure.

Above posters are correct; the "big rich guy" has got more industrious things to do the to bother with Zagg the Failfag typing out Marxist dogma at his computer all weekend.

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1

Anonymous

21 Mar 2012 10:27PM

I like boobies!

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1

Anonymous

21 Mar 2012 10:44PM

I came here to jack off, so I won't address every point. But your argument that gold is worthless because it is a rock is absurd. It is worth something because it is a relatively rare metal (not rock). That it has been a valued currency for 1000's of years should not be so readily dismissed. Paper money, however, is not rare. And it is becoming even more readily available as we print more of it. Does gold have problems of its own- sure. But the deflationary habits of a gold standard does not hold a candle to the damage done by run-away inflation.

And finally, you claim that money does not exist and therefore has no value. Well that is true without rare metals to back it. So your previous opinion kind of resulted in your last point. But as currency is predominantly used in the exchange of goods, to propose that it is totally without value is silly. Unless you wish to return to a barter system, money is largely an agreed-upon system by which goods can be exchanged. The only other alternative is to revert to a every-man-for-himself, abolishment of private property scenario espoused by the anarchists and many of the Occupy Wall Street Movement... Oh wait. Are you one those? If so, what are you doing here? Go rape someone.

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1

Anonymous

22 Mar 2012 3:21AM

Since the idiot OP thinks that gold is simply rocks...please post your address here and I will be over tomorrow to pick up all of your "rocks". Fucking idiot.

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1

Anonymous

25 Mar 2012 4:36PM

I may not know much. But Max Keiser and his Keiser report seems to know loads. Go trust Max and his show on RT on youtube.

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