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/biz/ - Business & Finance

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15511928 No.15511928 [Reply] [Original]

All you need to know right here.
The Fed has gift wrapped it for you.
Real money for 6000 years.
Think on that.

>> No.15511968
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15511968

I use to think the Fed was the enemy.
Now I know society is the enemy.

>> No.15511985

>>15511968
Elaborate

>> No.15512316
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15512316

You got my attention...

>> No.15512341
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15512341

>In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

>This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.

>> No.15512353

>>15511928
Let's say hypothetically, purely for example I was too retarded to know what you're getting at, how would you explain that to me?

>> No.15512354

>>15511968
>I use to think the Fed was the enemy.
>Now I know society is the enemy.
Great insight. Yes.

>> No.15512362

>>15511985
>Elaborate
Dollar to gold/ silver ratio NOW!!!

>> No.15512426

>dollar to citizen ratio of $2200
this can't be right

>> No.15512483

>>15512426
its not.
these graphs are always bullshit because they assume everyone has an equal amount of savings/money/etc.
in reality like 2% of the population owns probably 90-99% of the total wealth.

>> No.15512497

>>15512483
low IQ post