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Re: Global economic collapse for dummies.....

By: DigSpace in ALEA | Recommend this post (0)
Wed, 06 Jun 12 6:47 PM | 64 view(s)
Boardmark this board | The Trust Matrix 		Msg. 08336 of 54959
(This msg. is a reply to 08335 by faul)
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I guess that's my point, going to a gold standard would at once

1. cause massive (disruptive) appreciation in the value/price of gold
2. be as or more vulnerable to instability. One word: Hording.

The current monetary system of agreement and one of deliberately arbitrary management (simply assigning inflation, liquidity, and growth targets) seems no more crazy or unstable than would be the case with a gold standard.

So while we can criticize and lament the current system, what is the alternative ... gold?

Humans have routinely conjured agreed upon monetary systems since their dawn. These are and have always been vulnerable to corruption, manipulation, counterfeiting, and reckless mismanagement.

.... but I'm not seeing an alternative addressing your concerns about the current system.


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The above is a reply to the following message:
Re: Global economic collapse for dummies.....
By: faul in ALEA
Wed, 06 Jun 12 5:15 PM 		Msg. 08335 of 54959

Hi Dig.........

Yes it's about 1 oz per person,much less in the form of
99.95% for investment purposes,& about 1/8th of an oz
of silver per person..........because silver is consumed while
gold is recycled.Birth/Death rate is around 1.2% & gold
production is about 2% growth per annum.........

Just like the fractional reserve scheme where the bank
takes your dollar of labour & turns it into a minimum
of 10 dollars for them to make money on,there's about
100 oz's of paper gold to every 1oz of physical.......so
really the price discovery depends on how much paper
gold they continue to print & how much FIAT.........so while
there is less than 1 oz of physical for everyone on this
planet,the banks could print 10,000oz of paper gold so
long as those that hold paper continue to believe it's as
good as the real thing!

There is no magic in gold...there is no magic in any
corrupt system where some are allowed to create
FIAT or gold from nothing......

Doma.

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