What do you think of Ron Paul?

[Wikkiwallana]

Graph came off of wikipedia, all I did was add the red line to indicate when we stopped being the gold market's bitch.

ending the gold standard is what caused problems in the first place!

Lessor problems than those caused by gold. There is no perfect solution.

the economy needs to be anchored to something.

Whatever for?

[Wikkiwallana]

Maybe people can stop buggering precious materials and come up with more original and less ridiculously arbitrary monetary systems. Free banking is at least academically more thorough (even if in reality implementing it might mean Raj Rajaratnam's views on Goldman Sachs are no longer hyperbolic), and that's acceptable to a lot of Austrians right? You should all be pushing for free banking.

what is free banking

A recipe for a fuckton of bank closures.

[Wikkiwallana]

Gold's value fluctuates. A lot.

Fiat currency is valued based on the total worth of a nation's production.

Gold's value tracks the value of the dollar. It fluctuates because the dollar fluctuates.

Obviously it isn't 1:1, but it's pretty stable.

Except for the giant speculatory bubble it's in right now that currently has it worth more than platinum for no good reason.

[New Conglomerate]

Gold's value tracks the value of the dollar. It fluctuates because the dollar fluctuates.

Obviously it isn't 1:1, but it's pretty stable.

Except for the giant speculatory bubble it's in right now that currently has it worth more than platinum for no good reason.

Unless traders are gap-toothed old men panning for gold in California rivers.

[Seleucas]

I think his trying to reform the US govt. from inside is quixotic, at best. But I suppose he does have good intentions even so.

[Wikkiwallana]

Except for the giant speculatory bubble it's in right now that currently has it worth more than platinum for no good reason.

Unless traders are gap-toothed old men panning for gold in California rivers.

What?

[New Conglomerate]

Unless traders are gap-toothed old men panning for gold in California rivers.

What?

Gold rush joke.

[Klowr]

As someone not from the USA, I can't really say... but from the debates, I support him more then Obama, he's the only one of the republican nominations who is sane; its just that he's on the wrong party...

just because he's not from the party you usually support doesn't mean that you have to hate him.

I never said I hated him. I just said his policies aren't what the normal republican would put out. In fact I said I supported him more then Obama.

[Wikkiwallana]

What?

Gold rush joke.

I got that, I just didn't see how it connected to my statement.

[Veren Commonwealths]

I don't agree with him, and wouldn't vote for him, but I think he's one of the most rational and consistent of all of the republican candidates out there. If I had to choose a Rep. to win the primaries, then I would choose him.

[New Conglomerate]

Gold rush joke.

I got that, I just didn't see how it connected to my statement.

Implying that those speculating on gold are gap-toothed old men panning for gold?

[Wikkiwallana]

I got that, I just didn't see how it connected to my statement.

Implying that those speculating on gold are gap-toothed old men panning for gold?

Ok, I think I get it if squint and tilt my head, metaphorically speaking.

[Inky Noodles]

Another Texan... oh joy.

[New Conglomerate]

Implying that those speculating on gold are gap-toothed old men panning for gold?

Ok, I think I get it if squint and tilt my head, metaphorically speaking.

Not exactly my best material, I get it.

[Yuktova]

I generally support his stance on ending the Fed.

[Wikkiwallana]

I generally support his stance on ending the Fed.

Why?

[Megapolitania]

He's the new Lyndon LaRouche, in some ways.

[Yuktova]

I generally support his stance on ending the Fed.

Why?

The Fed controls the money supply, and is a private corporation. 'nuff said.

[Wikkiwallana]

Why?

The Fed controls the money supply, and is a private corporation. 'nuff said.

Not enough. What's so bad about that?

[Yuktova]

The Fed controls the money supply, and is a private corporation. 'nuff said.

Not enough. What's so bad about that?

They control everything, practically. The Rothchilds, JP Morgans, ect. ect. They own all the money, and more importantly, own you.

[Milks Empire]

Not enough. What's so bad about that?

They control everything, practically. The Rothchilds, JP Morgans, ect. ect. They own all the money, and more importantly, own you.

You sound like a Jonesian nutter with that stuff. That said, I'm not too comfortable with the idea of a private corporation doing what the federal government is supposed to be doing.

[Yuktova]

They control everything, practically. The Rothchilds, JP Morgans, ect. ect. They own all the money, and more importantly, own you.

You sound like a Jonesian nutter with that stuff. That said, I'm not too comfortable with the idea of a private corporation doing what the federal government is supposed to be doing.

You meant to say "government" not federal government.
I'm not a nutter, just part of TZM

[Milks Empire]

You sound like a Jonesian nutter with that stuff. That said, I'm not too comfortable with the idea of a private corporation doing what the federal government is supposed to be doing.

You meant to say "government" not federal government.
I'm not a nutter, just part of TZM

Pretty sure the Constitution specifically doles that responsibility to Washington specifically. Let me check.
*checks*
Article 1, Section 8, Clause 5 states as follows: "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures[.]"
Article 1, Section 8 deals with powers allotted to Congress specifically. Congress is part of the federal government. Therefore, your correction is incorrect.

Oh, and TZM isn't affiliated in any way with Alex Jones, is it?

[Yuktova]

You meant to say "government" not federal government.
I'm not a nutter, just part of TZM

Pretty sure the Constitution specifically doles that responsibility to Washington specifically. Let me check.
*checks*
Article 1, Section 8, Clause 5 states as follows: "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures[.]"
Article 1, Section 8 deals with powers allotted to Congress specifically. Congress is part of the federal government. Therefore, your correction is incorrect.

Oh, and TZM isn't affiliated in any way with Alex Jones, is it?

No, I don't think so. Mainly just Peter Joseph, & Jacque Fresco.

[The Black Forrest]

Did you even look at the graph in question? In that it directly shows that even during the period when we were on the gold standard that we faced rapid inflation and deflation.

it still went up and down, albeit less.

maybe we need to get a new standard, like diamonds or something

Ever hear of DeBeers? If they released all they have stored away, diamonds would be worthless.