Gold Standard

[jasonc]

Machines made things better, by producing additional goods.

ford was automated in many aspects. he made the first workable assembly line. yet was anti-union. while he was a racist , jew hater. he also wasn't stupid. he did later regret his support of hitler after he saw what the shoah was. the banker thing you often mention is really what he said about the jewish bankers. nothing new under the sun. that is why I have asked which bank Is doing this?

 

[Michael74]

Consistent weights and measures actually improves the economy, giving us additional resources to work with. We repaid the WWII debt. We can repay this one too.

Machines don't have political opinions. They are just tools.

 

[jasonc]

Consistent weights and measures actually improves the economy, giving us additional resources to work with. We repaid the WWII debt. We can repay this one too.

Machines don't have political opinions. They are just tools.

that isn't really the discussion

if gold is to work and pensions of the government and military are to be saved and the promises of protections of the states of isreal(cato is neutral toward this alliance issues) how is the taxes to fund that larger dod. and large government(its not shrinking since you haven't suggested that ) not going to hit inflation. more taxation means inflation.

 

[Michael74]

Currently, banks create inflation. Most of the loot goes to bankers.

Bankers confiscate purchasing power from government revenue, and loan a fraction of what they took back to them. Bankers pocket the rest, so we have fewer planes and ships each year.

 

[jasonc]

Currently, banks create inflation. Most of the loot goes to bankers.

Bankers confiscate purchasing power from government revenue, and loan a fraction of what they took back to them. Bankers pocket the rest, so we have fewer planes and ships each year.

we are running in circles. look ere I get sarcastic. you are stating how we are to do it. I want to do know how will not stop inflation? you haven't answered that , will taxes of 7% sales tax stop when we go to the gold standard? will the rates of utiltiies drop and then stores drop prices? I know of homes that were owned and paid in full and each year they raise rent. they own the building and do little to maintain , you can only raise ad valorem so much for second or third property taxes each year. at the most 10 percent. insurance has gone up but not like that.

 

[Michael74]

Maybe Ambrose can explain it better.

With the current system, bankers get the loot, not the government.

 

[Milk-Drops]

BTW, our country had no overall inflation during the 19th century. People could buy a loaf of bread with the same amount of money 100 years later. A gold standard works. It protects us from inflation.

That isn't inflation, that is interest. Inflation is causes by more supply than demand. Money being printed or money pooling causes inflation. Interest is where banks loan money and collect a percentage based on the loan.

 

[Milk-Drops]

Maybe Ambrose can explain it better.

With the current system, bankers get the loot, not the government.

And changing it to the gold standard won't stop that since banks also have the majority of the gold. They could actually charger more interest if we changed to the gold standard and get more loot.


The banks don't cause inflation because banks can't print money. Banks raise their interest rates to guarantee that even if they are taking a risk with a loan, they are still making money off of it.

 

[Michael74]

Inflation is caused by money supply plus credit. Expanding credit faster than GDP causes prices to go up.

 

[jasonc]

Inflation is caused by money supply plus credit. Expanding credit faster than GDP causes prices to go up.

so on the gold standard, all of sudden... I can buy a house bigger for the same price. I will have more credit to get from the banks. they wont charge interest on money loaned. there wont be theft, or those other things that cause inflation?

 

[Michael74]

On a gold standard, CPI prices stay the same. You can buy food and other necessities for the same price over time. Elders can retire without worrying whether the bank will confiscate their pensions and IRAs.

Joe average's standard of living gradually improves over time, as technology improves. Youngsters don't have to become debt slaves for decades due to education inflation. Cities can fund services for their residents.

 

[Michael74]

Bankers claim yet another victim. Bankers have confiscated just too much purchasing power from commonwealth revenue. Cities across the nation are in a similar situation, due to relentless bank confiscation. The dollars coming in just don't buy as much as they used to.

Bankers continue their inflation war against cities and fixed income retirees.

 

[Michael74]

Rent inflation is oppressing the poor.

Bankers continue their war on the less fortunate.

 

[Michael74]

Moody's says state and local pension plans are now $2 trillion in the red. Bankers are slowly confiscating the pensions of state and local retirees, and future retirees. Bankers also continue to slowly confiscate the pensions of corporate workers.

Inflation is banker confiscation from the most vulnerable members of society.

 

[Michael74]

State and local debt is to the moon. Bank confiscation of state/local revenue has made cities debt slaves, and is preventing cities from providing good services affordably.

Inflation is bankers confiscating state and local revenue.

Inflation is bankers moving Joe average backward.

Inflation is bankers oppressing the poor and fixed income elderly.