He took away the gold

[Anonymous No.23008795]

Was this based or does this make him a tratior? If we had kept the gold circulating, would it have turned the u.s. into a feudal hellscape?

[Anonymous No.23008980]

Fiat is unironcally better but biz midwits will never understand this. Gold/silver standard had more frequent and severe downturns than today, as well as constrained economic growth.

[Anonymous No.23009284]

>>23008795
"the government makes a profit from creating money and that helps reduce taxes, under a gold standard, the government would have to raise taxes to buy gold just to increase the monetary base and that is only a small part of the sacrifice of going on a gold standard."

https://medianism.org/2015/12/11/is-there-enough-gold-in-the-world-to-go-back-on-a-gold-standard/

[Anonymous No.23009300]

>>23008980
>Gold/silver standard had more frequent and severe downturns than today
Over what timescale? Fiat money always fails. The only reason it's ever adopted is to break free of the chains that prevent monetary manipulation as a tool of social control and economic warfare.
>constrained economic growth
This is good in the long run. You can already see the effects of unsustainable growth driven by debt/credit backed by no assets.

[Anonymous No.23009303]

>>23008795
based. the dollar is the standard.

[Anonymous No.23009666]

>>23008980
How? Prices were more stable when our money was sound.

[Anonymous No.23009699]

Things are so much better now that a single group of people controls all the gold and can raise or lower the price whenever they feel like it

[Anonymous No.23009712]

>>23009303
Not if it fucking depreciates 20% in spending power every year. The standard for who? Usurping jews?

[Anonymous No.23009733]

>>23009699
Is this sarcasm? I'm too retarded to tell.

[Anonymous No.23009885]

>>23009300
Is the current system the opposite of a nationalist economic policy?

[Anonymous No.23010116]

Cmon faggots, stop talking about pajeet scams and talk about something relevant for once.

[Anonymous No.23010153]

>>23010116
why didn't he just hyperinflate the dollar like they have ever since?

[Anonymous No.23010193]

>>23008980
>economic growth

[Anonymous No.23010540]

>>23010153
I kind of suspect he wanted to freeze what was happening with the wealth disparity that the gold standard allowed the megawealthy to create/manipulate back then. And then after he left office other interests took over and recovered the narrative for the central banks.

[Anonymous No.23010566]

>>23008795
he couldn't sustain a war economy on gold and the life standards of the average burger worker would be the same as a third world country worker if Bretton Woods wasn't made

[Anonymous No.23010969]

>Blocks gold purchasing to stop the weakening of the dollar

Nothing personal kid...

[Anonymous No.23011024]

>>23010566
How do we know that's true though? America is already turning into a 3rd world country right now. More Americans cannot afford to buy a home more than in any time in American history so far.

[Anonymous No.23011191]

You mean like how we crashed the American economy twice in the 1800s specifically because of gold/silver flooding the market? Read a book, lib.

[Anonymous No.23011234]

>>23011024
>right now
there's your answer, nothing lasts forever (economic cycles usually lasts 30-40 years) and Bretton Woods is about to be substituted by the BRICS or a mutipolar EURO/NAFTA/MERCOSUL deals or a post ww3 deal.

[Anonymous No.23011344]

>>23008795
Originally I was extremely against a gold standard. Any way you cut it, the end result is theft of the spending power of the citizens.

However at the same time a pure fiat system does allow for an infinite amount of funding for the private and public sectors. Japan was an excellent example of this, with their wartime style directed funding for various sectors to grow. They used MMT to become a manufacturing powerhouse. Of course it was destroyed by international interests and now a private central bank was installed, but it is very easy to argue for MMT when done responsibly by a state run bank.

Fiat money can be a boon to any economy *if* directed responsibly. With irresponsible and outright sinister direction of the flow of capital, you end up with the situation we have today with wealth disproportionately held by the 1%.

So was stripping gold from private entities and paving the way for fiat dominance a good thing? From the standpoint of "growth," yes, and you can argue that alot of improvements in living standards today were a direct result of infinite money; which also resulted in infinite malinvestment and the destruction of savings. From the stand point of wealth equality and the living standards of the average citizen, well it depends on when you were born, but overall the debt enslavement of the US citizen was a direct result from inflating away their ability to save and generate adequate income.

[Anonymous No.23011389]

>>23008795 (OP)
Originally I was extremely against a treasury standard. Any way you cut it, the end result is theft of the spending power of the citizens.

However at the same time a pure fiat system does allow for an infinite amount of funding for the private and public sectors. Japan was an excellent example of this, with their wartime style directed funding for various sectors to grow. They used MMT to become a manufacturing powerhouse. Of course it was destroyed by international interests and now a private central bank was installed, but it is very easy to argue for MMT when done responsibly by a state run bank.

Fiat money can be a boon to any economy *if* directed responsibly. With irresponsible and outright sinister direction of the flow of capital, you end up with the situation we have today with wealth disproportionately held by the 1%.

So was stripping gold from private entities and paving the way for fiat dominance a good thing? From the standpoint of "growth," yes, and you can argue that alot of improvements in living standards today were a direct result of infinite money; which also resulted in infinite malinvestment and the destruction of savings. From the stand point of wealth equality and the living standards of the average citizen, well it depends on when you were born, but overall the debt enslavement of the US citizen was a direct result from inflating away their ability to save and generate adequate income.

[Anonymous No.23011471]

>>23009284
The government doesnt make a profit. It doesn't make anything. How does it make a profit by lowering taxes that it has set? Do you guys think at all about your ideas or do you just accept what you're presented with at face value with zero critical thought whatsoever?

[Anonymous No.23011614]

>>23011234
Sounds like a kikes dream.

[Anonymous No.23011630]

>>23011389
Are you the anon that was talking about the documentary "princes of yen" yesterday?

[Anonymous No.23011648]

>>23011471
Well that's why we make threads to talk about these things, and if you can't contribute any meaningful insight then you're more than welcome to kill yourself.

[Anonymous No.23012027]

.

[Anonymous No.23012677]

>>23011630
yeah, that's me. what's up

[Anonymous No.23013643]

https://www.youtube.com/watch?v=B4xcCO9v-Os

Good talk on the mechanics of the Fed/Treasury/Banking sector, in autistic detail