Gold Standard

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The issue is that nobody believes that the matter was intentionally engineered. People do know that the Federal Reserve made some mistakes, and they also know why they might have thought those mistakes plausible. Basically, the major fault that people perceive in the Federal Reserve is just in not lending as the lender of last resort, and causing the money supply to shrink for that reason, and honestly, that kind of decision isn't odd, because in the Fed supporting that role, it would have arguably been upholding bad financial decisions, and even promoting perverse incentives. Beyond that though, the blame assigned isn't that large, and given the international nature of the Depression, larger economic factors than just the US are often considered at fault.

That sounds like classic history written by those in power.

Simple facts of what really happened, and there are texts written documenting all of this.

FED created and given control of monetary policy.

FED manipulates monetary policy to cause a financial crisis. Stock market crashes.

Noteworthy point....the wealthiest families in the world (not just America) shifted the vast majority of their holding shortly before all this happens. Not a word of any of the "economic indicators" of a coming collapse was reported to the masses, but the indicators were there. Officials told the masses that all was well knowing it was not so.

After the collapse, the wealthiest families bought up BILLIONS in assets for pennies on the dollar.

The stock market crash that produced the Great Depression was nothing but an engineered mass redistribution of wealth from the common man to the wealthiest families in the world....after all, many of them have a seat on the board of the Federal Reserve Bank.

A small problem with your conspiracy theory, zeronetgain.

When the federal reserve was created, the gold standard still existed. The federal reserve did not have the power to control monetary policy because there was no monetary policy to control. It is not until you come off the gold standard and begin to back currency through debt instruments that central banks can target inflation through the vehicle of the money supply. In fact, this was one of the contributory causes of the Great Depression. Had the federal reserve had the power to regulate the money supply, rather than simply administer the gold standard, then the economic impact could have been mitigated.

The federal reserve was created as a response to the 1907 financial crisis, the resolution of which was completely outside government's ability to respond.

And this is why the economists predicted the Great Depression and its impacts???

Look, seriously, if the economists of the time couldn't have predicted monetary policy's impact, how the heck would a conspiracy by the federal reserve have this power? It seems a bit ridiculous.

Gold is trendy but ultimately inefficient and would ultimately put us much worse off than we are currently.

Also: does anyone else love how they're trying to push selling gold now that it's at record highs?

"BUY GOLD, IT'S MORE EXPENSIVE NOW THAN EVER BEFORE!! !"


Sad thing is, some schmucks will actually think that's a good reason to buy rather than sell.

Sorry, fixed. Golds value is intrinsic, its why currencies were based on it previously.

By intrinsic, I assume you mean "shiny". Gold's value is no more intrinsic than any other commodity. There is function but use as a monetary backing is just antiquated and not functional in the modern world. Least of all as a stabilizing backing of currency.

Also, you ever consider that gold's price also increases as demand for it increases? Want the prices to go down, stop ret*ds from buying gold like as if it's actually worth anything more than the run they're making on it.

Sounds like something similar to the great depression, the rich brought a random commodity, the poorer people brought up the same product..then the rich dumped it after the price was inflated.

The "sell your gold here" adverts get me going, you could bet that the gold trinket they sell for quick cash is worth twice the gold value, add the undervaluation of the gold...

But, out of choice i would always go with something that has intrinsic value(yes shiney), propertys, land, things.. over money. Because money can be devalued in ways the average person cannot understand. Of course you but these things using the basics of trading, buy low, sell high. In the long term ill hold onto something thats not being debased and taxed in ways not apparent to me.

So...you're paid in gold and not taxed on it?

Realy..?

Im saying i would keep "things" over money in the long term. Even if the value of the "thing" doesnt change its apparent value will increase due to the value of money decreasing.

And when the value of money increases again, you'll have lost out unless your purchases were made before buying gold was trendy.

As i understand it, money never increases in value..it is only depreciating less than other currencies if it appears to. Personally i dont have the "money" to have sitting arround doing nothing. But i would definately bet that billionaries dont have money sitting about doing nothing, its always "in something". Even if its just sitting there, tomorrow its worth more. If money is just sitting there tomorrow it will be worth less (the fore is based on the later staying true).

All of what im saying is in the long term, day to day supply and demand still stand true of course.

The value of gold is determined by its supply and demand vis a vis other commodities.

There is no such thing as intrinsic value. There is, however, trade value and utility value.

ruveyn

Taken out of a modern western market environment it retains value unto itself, people will always take it as a barter commodity like nothing else. It may have a changable credit value within the market, but even with no market, it still retains value the way a 100 dollar bill becomes worthless to people that dont recognise it.

A bag of beans has intrinsic value because it can be eaten, a half cent piece of paper with 100 dollars written on it has intrisic value of half a cent.

Land has the same value, it can be used for all time for anything you wish. The numbers on the credit statement are irrelevant. These "things" hold value to people in ways money cannot.

If it doesnt need a market to hold value, it holds intrinsic value to people.

That is utility value. If the beans were rotten or poisoned they would be worthless.

ruveyn