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re: Facts Most Americans Are Too Fearful to Face
Posted on 8/20/15 at 11:38 pm to MustangReb
Posted on 8/20/15 at 11:38 pm to MustangReb
quote:
MustangReb
Well stated. Plus the gold standard would be too volatile to foster a steady market. A quick glance at gold prices over a period of time would tell someone all they need to know.
1
Posted on 8/20/15 at 11:57 pm to Robert Goulet
I'll throw in the argument to the conspiracy theorists that the clamor for a gold standard is nothing but a clamor for a "one world currency"...
Go to a gold standard and you truly do have "one world currency". Sure, there would still be $, €, ¥, etc but those currencies would all be tied to the global currency - gold. So, while the US might set its currency at, say, $1,000 per ounce of gold the nation's wealth would be based entirely on how much gold is held in reserve.
The only entities that would really benefit from a return to the gold standard are shipping companies... mostly those that now have backhaul lanes to southeast Asia. That's because their ships and planes would go back full of gold under that system instead of going back empty like they do now.
Go to a gold standard and you truly do have "one world currency". Sure, there would still be $, €, ¥, etc but those currencies would all be tied to the global currency - gold. So, while the US might set its currency at, say, $1,000 per ounce of gold the nation's wealth would be based entirely on how much gold is held in reserve.
The only entities that would really benefit from a return to the gold standard are shipping companies... mostly those that now have backhaul lanes to southeast Asia. That's because their ships and planes would go back full of gold under that system instead of going back empty like they do now.
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