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#6543816 - 05/27/12 Re: Excerpt from _The Real Crash_ by Peter Schiff [Re: The_Real_Hawkeye]  
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Barak Offline
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Idaho. Nah, but I can dream.....
I wouldn't call that a gold standard; I'd call it currency freedom. A gold standard is when a government coercively decrees how gold must and must not be used.


"But whether the Constitution really be one thing, or another, this much is certain--that it has either authorized such a government as we have had, or has been powerless to prevent it. In either case, it is unfit to exist." --Lysander Spooner, 1867
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#6543884 - 05/27/12 Re: Excerpt from _The Real Crash_ by Peter Schiff [Re: isaac]  
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Archerhunter Offline
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A sandy knoll,
Originally Posted by RISJR
I can think of no event which will reverse the US dollars course as the dominant world currency.


I can.
When the "elites" decide. No sooner, no later.

They've made a lot of mistakes and worked thorugh many learning processes but even the slowest on the uptake eventually learns when an apple is ripe to be picked.

Last edited by Archerhunter; 05/27/12. Reason: eta

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#6543895 - 05/27/12 Re: Excerpt from _The Real Crash_ by Peter Schiff [Re: Barak]  
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Gus Online content
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folks, all we have available to us is a consensus answer, imho.

once technology gets to the point of mining asteroids, the moon, and other extraterrestrial bodies, we're be to the point of one of two things happening. we've be flooded, and therefore overrun with gold, and/or another more "rare" mineral will be discovered, and the fight will be on. grin

you goldbugs need to hold on to the gold, for better or worse. the rest of us will work to distribute the annual productivity of the Earth amongst the general citizenry, so that only a minimum starve on an annual basis.


#6543961 - 05/27/12 Re: Excerpt from _The Real Crash_ by Peter Schiff [Re: Barak]  
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The_Real_Hawkeye Offline
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Originally Posted by Barak
I wouldn't call that a gold standard; I'd call it currency freedom. A gold standard is when a government coercively decrees how gold must and must not be used.
Yes, that's the sense in which I meant it, i.e., not a government imposed standard, but one chosen by the market by merely lifting legal barriers to using gold and silver as money. Essentially, a return to the system of "free coinage." An improvement to that system, however, would be the elimination of the practice of assigning a value to the coins, but rather only a weight and purity.


"It’s the usual Christophobic fifth column rooting for the Islamization of the West." - Ann Coulter
#6543985 - 05/27/12 Re: Excerpt from _The Real Crash_ by Peter Schiff [Re: The_Real_Hawkeye]  
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Gus Online content
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omg, in due respect, do any of you people really understand what is being proposed?

we've already been there, and done that. you want the masses to go back to what has already failed? i understand your serious position. what i don't and can't understand is how gold, silver, etc.etc. would work in a day to day basis, as we mover futher into the post-modern era.

something is happening for sure. but i doubt gold is the solution.


#6544048 - 05/27/12 Re: Excerpt from _The Real Crash_ by Peter Schiff [Re: Gus]  
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mike762 Offline
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Here Gus, read this, it might make things more clear. BTW, it doesn't matter if it's post modern or pre modern, money is money and is necessary to facilitate trade. Until we get to mining asteroids for gold making it as common as dirt, it will be held in esteem as a preserver of wealth, simply because it is rare and difficult to come by.

www.zerohedge.com/news/it's-capital-we-guarantee-it

Well, the dadgum link won't work, so just type it in.

Last edited by mike762; 05/27/12.

If the American People allow private banks to control the issuance of their currency, first by inflation, then by deflation, the banks..., will deprive the People of all their Property,...Thomas Jefferson
#6544734 - 05/28/12 Re: Excerpt from _The Real Crash_ by Peter Schiff [Re: mike762]  
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The_Real_Hawkeye Offline
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Originally Posted by mike762
Here Gus, read this, it might make things more clear. BTW, it doesn't matter if it's post modern or pre modern, money is money and is necessary to facilitate trade. Until we get to mining asteroids for gold making it as common as dirt, it will be held in esteem as a preserver of wealth, simply because it is rare and difficult to come by.

www.zerohedge.com/news/it's-capital-we-guarantee-it

Well, the dadgum link won't work, so just type it in.
I know you don't like a negative comment to be directed at Gus, so long as he refrains from bad language, but what you might not realize is that I've been through this with him several times. In the end, after you've presented him with the facts and arguments, he will pretend that he cannot grasp the concepts and that he was never provided with the facts that refute his arguments, thus nullifying your efforts. But I guess this is one of those things you will have to learn on your own through bitter experience. He's not the sincere seeker of information and understanding that he pretends to be, is my point. He has his own very bizarre agenda. But carry on, because it's good to get you commenting on this stuff for the rest of the folks to potentially learn from.


"It’s the usual Christophobic fifth column rooting for the Islamization of the West." - Ann Coulter
#6544779 - 05/28/12 Re: Excerpt from _The Real Crash_ by Peter Schiff [Re: The_Real_Hawkeye]  
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mike762 Offline
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Roger that.


If the American People allow private banks to control the issuance of their currency, first by inflation, then by deflation, the banks..., will deprive the People of all their Property,...Thomas Jefferson
#6545240 - 05/28/12 Re: Excerpt from _The Real Crash_ by Peter Schiff [Re: mike762]  
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kwg020 Offline
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OK. Now you have me worried. I don't have gold or silver and if the collapse occurs in short order:
As Mike said:
"Then there is the next debt ceiling kabuki show, due in late September or early October just prior to the election, which could result in further downgrades of our debte"

At least I have my house paid for and some seniority at the local Walmart so I should have a job. How do you all think this will affect those of us getting a retirement check. Our retirement program is tied in with the stock market and government securities. Both of which appear to be on shaky ground.

I do have trading fodder to include firearms and ammuntion. Hopefully we will not need them but having them may add comfort to the owners, or future owners.

I agree the way America has been doing business cannot go on. I'm sure some of Europe has similar issues. Maybe it's time to take out that bank loan and buy primers and powder. It's not gold but as close as I can come.
kwg


Liberalism is the ideology of western suicide: James Burnham
#6545245 - 05/28/12 Re: Excerpt from _The Real Crash_ by Peter Schiff [Re: kwg020]  
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The_Real_Hawkeye Offline
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Northern Florida
Originally Posted by kwg020
OK. Now you have me worried. I don't have gold or silver and if the collapse occurs in short order:
As Mike said:
"Then there is the next debt ceiling kabuki show, due in late September or early October just prior to the election, which could result in further downgrades of our debte"

At least I have my house paid for and some seniority at the local Walmart so I should have a job. How do you all think this will affect those of us getting a retirement check. Our retirement program is tied in with the stock market and government securities. Both of which appear to be on shaky ground.

I do have trading fodder to include firearms and ammuntion. Hopefully we will not need them but having them may add comfort to the owners, or future owners.

I agree the way America has been doing business cannot go on. I'm sure some of Europe has similar issues. Maybe it's time to take out that bank loan and buy primers and powder. It's not gold but as close as I can come.
kwg
Buy gold and silver in the dips. Currently, they're both on sale.


"It’s the usual Christophobic fifth column rooting for the Islamization of the West." - Ann Coulter
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