GOLD VS DOLLAR

[FourScore]

Run time: 05:20 https://www.youtube.com/watch?v=z6NfXk7Bvc8   Posted on YouTube: April 04, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: April 06, 2008 By DU Member: FourScore Views on DU: 1227

 

[amihol]

1. Sad

China bought our gold , that's why dollar is down.

[gateley]

2. Okay.

Infuriating. Heartbreaking.

But what do we DO?


By they way, the Fed was created by captains of industry (competing captains of industry!) to make sure they continued to control the vast majority of wealth. Read The Monster from Jekyl Island.

We've been being manipulate for a big percentage of time in our nation's history.

[ayeshahaqqiqa]

3. It would be good if you could find folks

willing to accept gold and silver instead of paper money for things. There are some who will--and I think that the more and more will do this.

[Warpy]

4. That only happens when the paper gets totally worthless

and we're not there yet.

The problem with the gold standard was that with a fixed amount of currency in circulation, there was no way for rapid expansion in emerging technologies. It was also a lot easier for robber barons to concentrate it.

The silver standard allowed for a large expansion of the money supply while still being able to back it up with a precious metal, especially since they were still digging it up.

[ayeshahaqqiqa]

5. It is already starting in some places

where barter has been in use for a while now.