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Back to the gold standard?
American Thinker ^
| 5-15-19
| Nathan Williamson
Posted on 05/15/2019 1:05:16 PM PDT by skimbell
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To: EasySt
41
posted on
05/15/2019 2:52:20 PM PDT
by
onyx
To: skimbell
Truthfully, specie (gold and silver) were good, but today are too limited. What would be more practical today would be currency backed by a multitude of metals, semi-metals, alloys, gems, difficult to manufacture but stable chemicals.
The value of this would be that all of these things would float relative to the others, they could be used like silver certificates, that is, the paper currency could be redeemed for its value in its basis.
Different purity of things could have different value: such as extremely pure Canadian Maple Leaf gold coins, compared to less pure coins.
42
posted on
05/15/2019 2:59:57 PM PDT
by
yefragetuwrabrumuy
("Desperate swarm sewage drains for water..." Venezuelans or D.C. Swamp denizens?)
To: skimbell
43
posted on
05/15/2019 3:03:25 PM PDT
by
mjp
((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
To: skimbell
Debt is the money of slaves and Atlas is about to shrug...
To: Uncle Miltie
he current dollar value of the silver in an old silver dollar is therefore $14.80 * 75% = $11.10. It's much worse with a 20 dollar gold piece. They now run $1300+.
45
posted on
05/15/2019 3:20:09 PM PDT
by
Blennos
To: skimbell
Tie it to one gallon of unleaded alcohol free gasoline.
46
posted on
05/15/2019 3:55:13 PM PDT
by
fella
("As it was before Noah so shall it be again,")
To: fella; All
Energy is an interesting standard to use.
Almost everything uses energy to be made, transported, and used.
A kilowatt-hour standard would be better than a gold standard, imho.
All energy naturally translates to kilowatt-hours.
47
posted on
05/15/2019 4:36:21 PM PDT
by
marktwain
(President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
To: EasySt
The chart contains an error.
“To prevent hoarding” the mint continued striking sliver coins dated 1964 until 1966.
Trying to repeal Gresham’s law was every bit as successful as trying to repeal Murphy’s Law would be.
48
posted on
05/15/2019 4:43:19 PM PDT
by
null and void
(The press is always lying. When they aren't actively lying, they are actively concealing the truth.)
To: null and void
Thanks for pointing that out.
49
posted on
05/15/2019 5:10:34 PM PDT
by
EasySt
(Say not this is the truth, but so it seems to me to be, as I see this thing I think I see #KAG)
To: skimbell
YES!!!!
50
posted on
05/15/2019 6:40:06 PM PDT
by
TBP
(Progressives lack compassion and tolerance. Their self-aggrandizement is all that matters.)
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