/biz/ - Business & Finance

[Anonymous No.22008442]

/biz knows what predictive programming is right?

https://www.forbes.com/sites/steveforbes/2020/08/20/gold-debate-is-a-new-gold-standard-coming/

[Anonymous No.22008482]

really telling that the only people shilling for a gold standard are people who already have a lot of gold

[Anonymous No.22008543]

>>22008482
I mean isn't that always how it works?

[Anonymous No.22008546]

>>22008442
Rumor has it that this is the reason for the coin shortage in the US. America fights back!

[Anonymous No.22008564]

>>22008546
What does a shortage of coins made of zinc and copper have to do with moving back to the gold standard?

[Anonymous No.22008583]

>>22008543
it’s just nasty since they try to cloak their greed by claiming the gold standard is in the best interest of all, when really they just want the economic system to be warped so their rocks have value and they can be barons

[Anonymous No.22008863]

The word is that it will at least be bimetal.
A Gold Standard isn't really smart or feasible.
There are some people who I've been very intrigued by who claim there are four metals which will be selected. I'd imagine they'll fit in to a pool (I'm imagining a balancer pool situation, but maybe I'm just a nerd) of some sort.

The catch about this is that if bullion or its equivalent were to overtake paper "money", we wouldn't have a way to facilitate digital transactions. Right now, Credit makes up the mechanic of digital transactions, so it'd have to have a solution where metals aren't fitting.
I'd surmise this means significant blockchain interaction, which would conveniently explain the stablecoins that are tethered to central currencies that are popping up all over the world.

I think this makes a lot of people uneasy to hear about, so I think it's important that we explain briefly:
The currency we use is already digital. There are less physical papers out there than there are numbers on machines at the Treasury. Therefore, Credit really establishes the genuine value of the currency, which means it's literally just debt.
So, the only thing we really have to be concerned with is the way they pin such a potential "stablecoin" to the pool of metals (or whatever valued mechanism they introduce).

What do you guys think?

[Anonymous No.22008960]

>>22008863
Your theory makes a lot of practical sense given a reset situation

[Anonymous No.22008963]

>>22008863
a bicurrency solution I think would be more feasible though I don’t know the exact mechanics of how it will work. The problem is that the USD cannot function as both a global reserve currency (which should be inherently inflationary to handle global growth) and the currency used in all everyday transactions (exposing everyone to inflationary risk), we are seeing that conflict play out on a daily basis

maybe a metals-backed token could be the secondary currency used for transactions, I don’t know

[Anonymous No.22008979]

>>22008963
we know

[Anonymous No.22009010]

>>22008583
Id be kind of ok with it desu. I dont have any gold, and only a little silver, but a gold backed dollar has to be better than what we have now. The only problem is every major lender will crumble in the process of switching over. Either that or they'll have to seize the gold from everyone caught "hoarding"

[Anonymous No.22009011]

>>22008583
Have a look at the us dollars spending power
We need gold standard
Start accumulating now. It's early.

[Anonymous No.22009051]

>>22009010
>a gold backed dollar has to be better than what we have now
it’s not, unfortunately. a gold standard only offers the illusion of stability
>>22009011
that’s an irrelevant metric, the US dollar is designed to be spent. inflationary monocurrency is better than deflationary monocurrency

[Anonymous No.22009054]

>>22008960
Well, if it's worth anything at all, a lot of /pol/ guys had been tracking huge movements for a while from a lot of big ports and trading firms and saw them moving VERY BIG money in to metals.
As if that wasn't already spoopy enough, that one Q guy everyone hates for some reason mentions, eerily, "Gold shall destroy the FED." if that means anything to anyone.
Next up, POTUS traveled to England a year or two ago now and headlines read something along the lines of "May and Trump unveil new talks of new GOLD STANDARD of trade." (the topic was brexit at the time). I can't tell if this one's more of a stretch or quoting that weird Q guy no one likes for some reason.
Finally, POTUS has mentioned several times about how his friends were murdered on 9/11 and we all know what was going down that day...

So, maybe all of this is just outlandish bullshit and I'm just some big eyed kid, but maybe I'm right and we're all waaaayyyyy ahead of the curve here.

[Anonymous No.22009076]

>>22008442
anybody can write for forbes.

[Anonymous No.22009080]

>>22009051
stop. misleading. anons. lilin.

either you are a bad actor or completely ignorant of the benefits of deflation

[Anonymous No.22009095]

>>22008963
Isn't it a wonder that even the supposed economic geniuses cannot conceive the obvious issues with the USD...
It's almost like they're fully aware of the issues and purposefully make it worse.
I bet it's just coincidence though!

>>22008979
Oh, and there's also this...

[Anonymous No.22009141]

>>22009080
>stop. misleading. anons
I could say the same thing about you and your “switch flip” fantasy and misappropriation of the bible to hoodwink people. Maybe you’re genuine and not just a shill adopting the local vernacular, in which case pay attention, I know the economy is in a desperate state but a gold standard is not the answer and would almost certainly trigger a depression

[Anonymous No.22009174]

>>22009141
Unfortunately for you, fren, some of us actually know the REAL reason the only genuine store of value our species has ever known is Gold and Silver.

Please, do go play with the normies instead.

[Anonymous No.22009264]

>>22009141
attention taken.

[Anonymous No.22009279]

>>22008564
There's definitely some fuckery going on with it, there's little about it. My only thought is that it's a way to see if any 1964 quarters and other 90% coins make their way back so they can store them for value. It's a stretch, for sure, but I can't think of any other reason to try and claim a shortage of something people rarely use and should theoretically be all over the country.

[Anonymous No.22009294]

Gold standard ain't coming back. Say you are a king & your kingdom needs a military. Hot qts in your kingdom need food. You would never adhere to a gold standard because it put unnecessary limits your spending power.
Some other king who prints KingBux will kick your army's ass and feed all your qt's with his paper money. Plus his kingdom never has a depression because they backstop important stores of wealth. Understand?

[Anonymous No.22009302]

>>22008564
Yea, I thought the 'coin shortage' was the government preparing to transfer to digital and prepare people for the phasing out of hard currency.

[Anonymous No.22009311]

>>22009051
Everyone is poor because of fiat. People can't have a savings because it all gets eaten through their life.

[Anonymous No.22009334]

>>22009311
based.

[Anonymous No.22009342]

>>22009141
In tge short tetm it would be bad but in the long term it would actually improve the economy quite a bit.

[Anonymous No.22009344]

>>22008442

The gold standard cannot exist with modern monetary policy. How do you implement a gold standard when a country has a 27 trillion deficit?

[Anonymous No.22009353]

>>22009051
Even by the bar of "illusion" you're settling, it's just that. A distraction to the masses that things are not in fact. We only now have an idea of how bad things really are.

[Anonymous No.22009399]

>>22009344
Things get worse before they get better.

[Anonymous No.22009423]

>>22009344
modern monetary policy is break the law with irresponsible leverage and get bailed out by money printers. that’s the business model. don’t be stupid. it’s amazing how cucked the average American is about basic economic literacy

[Anonymous No.22009494]

>>22009344
You make all of the debt and all standing liquid equal to the full amount of metals that you own as a government and this is what you value your new central currencies.
All debt is thereby forgiven.

Someone has to lose out. This means housing should crash, mainly because the value of the dollar depreciates and decouples from the market(s), 401ks and pensions dry up, all that good stuff.

>>22009423
>tfw Norman doesn't know modern monetary policy is steal money from the debt slaves through "taxes" and give it to people that will spend it frivolously and exclaim "look how good the economy is!"

[Anonymous No.22009725]

>>22009423

yes, importing the entire third world just because we can is the only way to global prosperity

[Anonymous No.22009842]

>>22009344
>>22009494

Gold and silver gets revalued to the total currency in circulation, this has been done many times over the thousands of years anon.

[Anonymous No.22009883]

>>22008442
Does this mean it will take another 4 years before xrp moons?

By going back to the gold standard essentially means we doing a reset.

[Anonymous No.22009905]

>>22009344
>He doesn't know about the global reset

[Anonymous No.22010083]

>>22009905
>he doesn’t know ANYTHING

[Anonymous No.22010220]

>>22008482
i honestly believe a gold standard would help the poorest people in this country have a chance

[Anonymous No.22010300]

>>22008979
How are those values even determined? Did the guy just pick random numbers to get bizlets excited?

[Anonymous No.22010384]

>>22010300
>16:1 historical silvergold ratio

[Anonymous No.22010443]

>>22010384
Ok but why is 1 XRP = 2oz of gold?

[Anonymous No.22010465]

>>22010384
Wasn't it 8:1?...

[Anonymous No.22010637]

>>22010443
read it again m8. Ag bruv.

>>22010465
15:1 is closer. 15.5:1

[Anonymous No.22010656]

The majority of physical gold and silver are already being held by surprisingly few private banks and jews. What would a gold standard mean for them?