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Gold Standard

The Lord created gold to be the standard by which the value of all monies should be determined. In the Bible the first mention of a precious metal is "gold" (Gen 2:11,12) and is connected with the Garden of Eden. Throughout Scripture gold represents the king of metals. Hence the first gift mentioned for Christ the King is also gold (Mt 2:11).

The intrinsic qualities of gold are unique precisely for that reason. When the world went off the gold standard, it went against what was the best means of protecting the value of currencies as well as the economies.

There is a very strong case for a return to the gold standard, but it is unlikely that this will happen. Had the gold standard been maintained, the price of gold could not have been manipulated by speculators, and it would have remained reasonable.

Why did governments go off the gold standard? Because they chose to become irresponsible. Maintaining the gold standard demands fiscal responsibilty. The absence of the gold standard begs for irresponsibility.

Today China is increasingly hoarding gold because even the Communists understand this fundamental truth. The USA, on the other hand, probably has little or no gold reserves, and prints money as though there is no tomorrow. Someday China will control the USA completely, while it presently controls the economy overtly and covertly to a very large degree. Walk into any store and almost everything has been made in China. That is not China's fault. The question is "Who opened the door to China and who cast aside the gold standard?
 
Yes, China is now the world's #1 economy. When we were on some type of gold standard, we were #1.
 
china has a command economy. I don't expect that to change any time soon.
Michael74 said:
Yes, China is now the world's #1 economy. When we were on some type of gold standard, we were #1.
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We have more gold then they do.they aren't in the top 5.one can have all the gold in the world but if your race dies out what good is it.China has oassed that point.abortion did that.those that move there and breed more will have the land
the us isn't as bad as they are on that. Question if God answers prayers and one billion believers all want to be richer then their neighbor what does the bible teach on that?what is it you or me if God blesses another nation over another?even if both were on gold.the us wasn't the only nation on gold in the 19th century.the UK Germany also had believers and gold.
 
What matters is whether or not a nation obeys the Lord's command of consistent weights and measures.

Differing weights and differing measures-- the LORD detests them both. Proverbs 20:10 NIV

Its not just for someone to spend decades earning a pension, just to have some banker inflate it away.
 
We have more gold then they do.
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What makes you so sure? When Germany asked the US to return their gold recently, the US could not do so even though they should have done it immediately. And on top of that there is a cover up.
http://rt.com/op-edge/170948-germany-gold-us-sovereignty/

If today everyone turned in their paper dollars and asked for gold coins or bullion, the US Treasury could not come up with the gold required. That's why China is converting its paper dollars to gold worldwide. And they are even promoting another currency, and using other currencies instead of the American dollar.
 
Malachi said:
What makes you so sure? When Germany asked the US to return their gold recently, the US could not do so even though they should have done it immediately. And on top of that there is a cover up.
http://rt.com/op-edge/170948-germany-gold-us-sovereignty/

If today everyone turned in their paper dollars and asked for gold coins or bullion, the US Treasury could not come up with the gold required. That's why China is converting its paper dollars to gold worldwide. And they are even promoting another currency, and using other currencies instead of the American dollar.
Click to expand...
Uhm.I looked it up from a gold trading site.missiing the point.china has 5 women to one man. Polygamy god honors that
If so I'm game. But hey I guess if it's god bless sing you it must be in gold.remember under gold blessing Isreal fell.666 is related to coins of silver.gold was in abundance in to Isreal yet what happened.
 
There is nothing wrong with gold. The entire inside of the Temple was covered with gold.

He covered the inside of the Temple with pure gold, placing gold chains across the front of the inner room, which was also covered with gold. So all the inside of the Temple, as well as the altar of the Most Holy Place, was covered with gold. 1 Kings 6:21-22 NCV
 
In this Ron Paul interview, he says the bank has put the stock and bond market in a situation. Prices are artificial, rather than being determined by investors. Ron expects a super bear market.

A gold standard would have prevented this situation.
 
About 45% of Greek pensions are sub $742/month, and the bank wants to trim Greek pensions to bail out the banks. Why don't bankers act prudently with the deposits they have been entrusted with, so that they don't need frequent bailouts? One answer is that divers weights and measures leads to lending for Keynesian pyramid construction, instead of factories that produce useful products.

By contrast, a gold standard tends to encourage capitalism to allocate capital to its most efficient use.
 
I'm seeing Bible quotes, but I hate to break it to people that the reason why Gold is valued is because its shiny. Its a shiny metal that people wear to show status. Its the same reason we value gem stones and silver. The gold standard is fine, but you can literally replace gold with any other substance and get the same result. Copper would actually be just as good.

I think the main reason we left gold behind is due to its limiting of actual resources. Value is restricted on how much finite gold a person has instead of the value of their service. That is why the UK abandoned the gold standard. It sets a limit on wealth, which is bad for a growing economy.
 
The real problem is how we generate credit and how its linked to value with interest. The gold standard would set a limit on credit, but it would also limit how much growth is possible in our economy until a bust resets it. Making it harder to expand the economy and innovate industry.


The value of the dollar would sore, but I think most don't realize that our national debt would actually cripple us more if we were to switch to the gold standard right now. Mainly because it would cut off credit and effectively freeze the government since we are more then likely way over the limit the gold standard would allow us to burrow. That means all government employees and those on benefits would immediately get cut off.
 
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Debasing the currency is the cause of much state and local budget dilemmas. The bank is confiscating purchasing power from local revenue, so that cities are unable to provide services like they used to.
 
Michael74 said:
Debasing the currency is the cause of much state and local budget dilemmas. The bank is confiscating purchasing power from local revenue, so that cities are unable to provide services like they used to.
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That still doesn't solve the problem that inserting the Gold standard would cause. Also, how exactly are the banks confiscating purchasing power?
 
sheesh, my city gets 11% of its budget from ad volerem the rest is from sales tax and the utilities. one could fund this town on the utilities alone. we haven't raised ad valorem or sales taxes in 40 years.
 
Inflation regressively confiscates resources.

John Maynard Keynes said:
There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
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Myriad state and local pension plans are in a situation. Most corporate pension plans have gone the way of the dinosaur.
 
Michael74 said:
Inflation regressively confiscates resources.



Myriad state and local pension plans are in a situation. Most corporate pension plans have gone the way of the dinosaur.
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that is because some of those pension plans. well like nyc where if I turn wrenches as I did I could leave at 20 years and collect 50 percent pay till death with raises annually! do the math. an 18 year old male works there, leaves at 38 as he cant work past that and collects till he dies at 76 or older. so in his life two other employees do the same. that isn't feasible. never mind the drop program. where if I was on that I could retire and collect and yet never leave my job for five years and still walk out with my unused vacation and sick hours. some have left the governments with several hundred thousand dollars in hand plus their pension!
 
Doesn't explain why corporate pension plans are also toast. Its system wide. Bank debauching of the currency takes away from the most vulnerable members of society, and redistributes the resources to rich bankers and hedge fund managers.
 
Also, consider that we have fewer planes and ships each year, despite borrowing quite a bit. The bank is confiscating purchasing power from revenue, so there is less for everyone except bankers and their allies.
 
Michael74 said:
Doesn't explain why corporate pension plans are also toast. Its system wide. Bank debauching of the currency takes away from the most vulnerable members of society, and redistributes the resources to rich bankers and hedge fund managers.
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gm has 500 plant workers. of them that are being budgeted in spending by gm. less then third a working. mean while Toyota, Nissan and others who don't have that problem are selling cars. while that is a bit simplistic its not far from the truth. if you can show me biblically where it says we should retire and lounge around at 38 till death is biblical and godly go ahead. its not. no man has died from work. we must work to stay healthy. im not saying retirement planning is a sin just how we go about making that promise of retirement.
 
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