[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 16 KB, 320x180, _104730809_tv049759492.jpg [View same] [iqdb] [saucenao] [google]
18287472 No.18287472 [Reply] [Original]

I see a lot of people here claiming that returning to the gold standard would be great for the economy. Let me elucidate for you.

Gold standard is fucking stupid, the federal reserve in 1920-1929 after the 16th amendment was ratified cornered the gold market and certificates effectively allowing a monopoly on this scarce resource. This is called fractional banking as they would lend more money that could be supported with physical currency and at interest.

The kikes love the gold standard, it’s why they made illegal taking silver to the us mint to make coins and melted down all silver coins in circulation, because silver was plentiful.

Even that isn’t necessary because Lincoln introduces greenback currency in 1861 which was debt free money independent of the central bank. He fucked up by taking loans from the central bank near the end but fixed it after the war was over by reintroducing greenbacks to pay the kikes off, they didn’t like that so he was assassinated. It is said that Wilkes booth was in Montreal 3 weeks before he shot Lincoln, and Montreal had ties to the confederacy which had ties to the british banking system which was run by the Rothschilds.

You have been memed into thinking gold standard is good for the economy, it isn’t and was another play by Jews to corner the currency in circulation. Look up the goldsmiths in the 1700s. The jew goldsmiths invented fractional banking as people would give them their gold in a vault and they would lend more than they actually had at interest.

Hopefully this helps you all.

>> No.18287506

>>18287472

I took some gold to my local shop to trade for some good, they told me to get out or find a place that will convert it to cash first.

WTF is good for..............................nothing!

>> No.18287536

>>18287472
>>18287506
it unironically boggles my mind how stupid /biz/ is when it comes to gold (or pretty much anything)
stay poor you retards

>> No.18287541

>>18287472
INteresting. NOT.

Sage

>> No.18287600

I bought gold and my mom said it is not for eating, I tried to sell, but no one wanted to buy.

>> No.18287610

>>18287472
DR;NS

>> No.18288206

Thank you for the advice Mr. Bergstein
I will be sure to go buy more gold

>> No.18288264

>>18287472
YOu are correct. That's why a Bi metal standard is best(IE all of human history) and stands the test of time. They can not manipulate silver easily because it's to plentiful.

>> No.18289392

>>18287506
You're probably Brazilian, dont have gold or a local shop...

>> No.18289633

>>18288264
It’s high stock to flow ratio also makes it easy to mine more if price goes up which makes it a shit money compared to gold.

>> No.18290283
File: 19 KB, 201x251, C3CF08D5-2503-45A2-8F61-CF4CCC68F5B6.jpg [View same] [iqdb] [saucenao] [google]
18290283

>>18287472
Gold and silver are real money, FED notes are currency, there is a difference.

>> No.18291397

Who gives a shit what the currency is backed by the point is ITS NOT BACKED BY ANYTHING AT ALL, it's literally fucking monopoly money

>> No.18292134

>>18287472
>gold backed economy bad
>let me make a new global currency backed by nothing goy

>> No.18292449

You already had this thread on /pol/
>>>/pol/251988016

fucking shills man

>> No.18292466

>>18292449
Fuck nvm this one

>>>/pol/251928565

fuck off op

>> No.18292960
File: 184 KB, 1600x840, thomas_sowell.jpg [View same] [iqdb] [saucenao] [google]
18292960

>>18287472
Compared to what?

>> No.18292984

>>18291397
petro dollar

>> No.18293015

>>18288264
JP Morgan is accused of manipulation of silver once a week. The banks can do what they want. Those who are smart are lucky to eat the scraps off the table.

>> No.18293053

>>18287536
MMT rules the present and future. Gold is a meme and the only real value is that of the jewelry market and the premium on the physical. Modern Monetary Theory won.

>> No.18293096

>>18288264
>silver is to plentiful
t. professional retard

>> No.18293252

>>18291397
Its backed by the mightiest military the world has known. So demand for the dollar will continue to maintain its value.

>> No.18293254

>>18287472
Stay poor.

>> No.18293281

>>18287472
I know no one here has a clue including tranny OP. So shut up >>18287472

>> No.18293360
File: 332 KB, 960x1024, 1578828654314.jpg [View same] [iqdb] [saucenao] [google]
18293360

>>18293252
>Its backed by the mightiest military the world has known

>> No.18293512

>economy permanently tied to the physical availability of a limited resource
>not retarded
Gold economies worked for most of human history because for most of human history there were few repercussions for just killing the people next to you and taking their gold.
Consider now the dilemma America finds itself in over doing so for OPEC oil interests, and reconsider if the Gold Standard is really a good idea.

>> No.18293532

>>18293512
America prints its currency. It does not fight those wars for money.

>> No.18293589

>>18287472
>>18293515

we should just start using whisley as curreny again.
2ez

>> No.18293612

>>18293532
its backed by oil, how do we force other countries to buy and sell their oil in USD? war and threat of war

>> No.18294535

>>18289633
but a good currency.In a bimetalic standard you have the ying and the yang, the elusive and the obvious.

>> No.18294791

>>18293589
+1 drunk fern