Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: expat_panama; Freedom4US; Toddsterpatriot
There isn’t enough gold to run a world economy.

The fallacy in the equation is making Gold equal to a fixed amount of Currency, instead of the Currency equal to an amount of Gold. Had the latter been set, then the value of the currency would track with the Gold price - but then the banksters couldn't steal with their fiat money games.

42 posted on 11/13/2009 8:50:34 AM PST by brityank (The more I learn about the Constitution, the more I realise this Government is UNconstitutional !! Â)
[ Post Reply | Private Reply | To 37 | View Replies ]


To: brityank
"...Gold equal to a fixed amount of Currency, instead of the Currency equal to an amount of Gold..."

Having $20 always equal to one oz. of Gold doesn't mean we have stable prices.   Money's needed for wages, for rent, and for food, and it's those prices that matter. 

In terms of wages, rent, and food we got a price of gold that jumps all over the place from one month to the next and always being able to buy gold at the same price is irrelevant.

46 posted on 11/13/2009 9:07:58 AM PST by expat_panama
[ Post Reply | Private Reply | To 42 | View Replies ]

To: brityank
The fallacy in the equation is making Gold equal to a fixed amount of Currency, instead of the Currency equal to an amount of Gold.

Well, if an ounce of gold is $1000 then $1000 is an ounce of gold. So much for your fallacy.

48 posted on 11/13/2009 9:11:16 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 42 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson