Huzzah! Minimum Wage Increase Shot Down in Senate

Beeker said:
If anybody really wants to know the answers to these questions, I already gave the links in post #11. This is one of my favorite subjects (for what reason, God only knows). I can give you all the places to find the real information you want. Not the crap you hear on the "news." The value of gold going down... Right. Maybe the stocks but never the coin in your pocket. The value of the metal in your hand only goes up. The only way it would go down is if the government and that privately owned business called "The Federal Reserve System" (which is not Federal, there is no reserve, and it is not part of the government system, it is a private business, a governmentally endorsed monopoly, created to make money, like any other person who starts a business) created a deflationary exchange, in which they would, overnight, without letting anybody know, start a completely new currency stating that your bank account that has about $1000 in it is now worth $100 of the "new dollars." Read up on it. I gave you the resources.
Click to expand...
Again, gold and silver are only worth what someone will pay for it. A dollar can be just as valuable as a bar of gold, and both could be worth less than a cone snail's shell or glass beads when you get down to it. There isn't any such thing as "intrinsic" value unless you are talking about things that are necessary to survive. Food, clothes, shelter are intrinsicly valuable because everyone has to have them to survive. Gold can't keep me warm at night, fill my belly or keep the rain off of me. Gold, silver, diamonds, beads, shells and dollars would all be worth jack and squat if some worldwide catastrophe took place. You know what wouldn't be? Yeah, food, shelter and clothing.
 
For 5000 years people were using gold and silver for money. Each time they decided to use paper instead things fell apart and they went back to gold.
Slipknottin, you didn't answer my question.
Is anybody going to put a little effort into their answers and do a little research to find out if they really know what they are talking about? (the links on post 11)
If it weren't important why would the founders of this country write into the law (The US Coinage Act of 1792) the death penalty of those who debased the money?
 
Harlock,
Have you heard of anybody valuing a snail shell over a bar of gold in any country in history?
 
Heh, yes, look up the History of Rhode Island.

EDIT: Er, I was joking, you're all quiet now. Anyway, look back at my post before this one. If it doesn't make sense to you, then nothing else I say will. There isn't anything, I repeat anything that has intrinsic value due to rarity more than food, shelter and clothing. When Europeans first came to the Americas they were staggered by the amount of gold and silver they had. They traded what they thought was worthless junk for what the Native Americans had in spades, both parties feeling they had made the better deal. What I am trying to say is that even gold is worth only what someone is willing to give you for it. Same as a dollar.
 
Last edited:
Beeker said:
The value of gold going down... Right. Maybe the stocks but never the coin in your pocket. The value of the metal in your hand only goes up.
Click to expand...

Generally your right, the value of gold is pretty stable, and will mostly prevent inflation. However, controlling inflation is only part of monetary policy, and gold certainly has significant downsides when looked at in other aspects.
 
Beeker said:
For 5000 years people were using gold and silver for money. Each time they decided to use paper instead things fell apart and they went back to gold.
Click to expand...

Er, look at the history of economic recessions and depressions. Back on the gold standard there were far more fluctuations, and serious long lasting depressions.


Slipknottin, you didn't answer my question.
Click to expand...
What question is that? What is money? Money is anything that is accepted in exchange for goods or services.
 
Slipknottin,
No. The question was "What is a DOLLAR?" A DOLLAR specifically.

Give me an example of a recession or depression when we were back on the gold standard.

What should determine interest rates?
 
Harlock,
Can we work out a trade? Name the place where we can meet and I will give you my paper dollars for gold or silver coins that have the same face value. PM me and we can work out a plan.
 
Beeker said:
Harlock,
Can we work out a trade? Name the place where we can meet and I will give you my paper dollars for gold or silver coins that have the same face value. PM me and we can work out a plan.
Click to expand...
And the point of that is to prove...?
 
You must log in or register to reply here.
AquariaCentral.com
Top Bottom