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Author | Topic: The Giant Pool Of Money. Implications | |||||||||||||||||||||||||||||||||
Theodoric Member Posts: 9201 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
And this is news to you? Do you not have any idea how the economy works?
Facts don't lie or have an agenda. Facts are just facts
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Theodoric Member Posts: 9201 From: Northwest, WI, USA Joined: Member Rating: 3.2
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We Americans need to unify before the foreign people take all of the good jobs and money.
What do you want us to do? Bomb them back to the stone age? It isn't the fuzzy foreigners that are the problem, it is the lack of regulation of corporate America. Facts don't lie or have an agenda. Facts are just facts
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Theodoric Member Posts: 9201 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
(abe: If gold or silver were backing the currency no politiiton could purposely inflate the system for political epediency. Precious things like gold and silver can't be eaten, but they, for sure, do not inflate.) What are the implications of the value of the US Currency if it were currently backed by gold? How would the current speculative run up in the price of gold effect the dollars value and the effect on the world wide economy? Has not the value of gold inflated? Facts don't lie or have an agenda. Facts are just facts
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Theodoric Member Posts: 9201 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
I notice you completely ignored the meat of my post.
Theodoric asks writes: What are the implications of the value of the US Currency if it were currently backed by gold? How would the current speculative run up in the price of gold effect the dollars value and the effect on the world wide economy? Buz writes:
Why is this good? They all have a limited supply which cannot be regulated and manipulated.You do realize the price of gold and silver can be manipulated. Why do we want our currency to be in a position to be manipulated by corporations, billionaires and foreign governments. I think regulation is much more favorable than manipulation. Do you have any idea of the boom and bust economy the USA had in 8th, 19th and early 20th centuries before the regulation?You might want to research US financial history and the Hunt brothers. Facts don't lie or have an agenda. Facts are just facts
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Theodoric Member Posts: 9201 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
INCOME WAS NOT TAXED
Not in 1900 but there were income taxes in the US prior to this period. How do you think government was financed prior to implementation of the federal income tax? Government always needs to be paid for. At the founding government was paid for with excise taxes. Excise taxes are incredibly regressive(you might want to look that concept up). They are also prone to fraud, corruption and the wealthy finding ways around them. Just not a good way to fund government. Then the US switched to being financed by tariffs on imports. High tariffs were good for some Americans and bad for others. It also made global trading difficult. It is hard to expect a country to accept your goods if you are going to slap a tariff on theirs. This also is not a good way to finance a government. First income tax was during the civil war. So how do we fund government if there is no income tax? Not just federal, but state and local also. Should property taxes go up? National Sales tax? Tell me how do we fund governemnt? Facts don't lie or have an agenda. Facts are just facts
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Theodoric Member Posts: 9201 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
Theodoric writes: I notice you completely ignored the meat of my post.
Theodoric asks writes: What are the implications of the value of the US Currency if it were currently backed by gold? How would the current speculative run up in the price of gold effect the dollars value and the effect on the world wide economy? Answer? Do you think the following things are equal?Total # of dollars in circulation. Price of goods and service. The more dollars there are the higher prices will be? Edited by Theodoric, : No reason given. Facts don't lie or have an agenda. Facts are just facts
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Theodoric Member Posts: 9201 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
The fall of the Spanish Empire can be partially attributed to influx of gold and silver from the new world. The huge inflow of gold and silver destroyed the Spanish economy.
Facts don't lie or have an agenda. Facts are just facts
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Theodoric Member Posts: 9201 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
There's a lot to be restored back to the good ole days of the Victorian Era, in principle (I say, in principle). Care to flesh out this argument a little? I certainly would like to go toe to toe with you and your revisionist psuedohistory you seem to favor. Facts don't lie or have an agenda. Facts are just facts
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Theodoric Member Posts: 9201 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
This is why China adopted the US dollar as their currency and not the Euro or any other currency. Buz is going to turn this around and use it as evidence for his crazy arguments. Facts don't lie or have an agenda. Facts are just facts
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Theodoric Member Posts: 9201 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
The emergence into globalism makes the gold standard unfeasible. The best we can do is banish the Federal Reserve,
Now that it has been shown that the gold standard is not feasible you switch arguments in midstream. Is this the Buz gallop? You want to eliminate the federal reserve? You want our currency to be manipulated by speculators and foreign governments? Why do you hate the USA so much Buz? Without a national entity to help control the dollar and the economy robber barons and foreign governments could quickly manipulate our currency to their benefit. Why do you hate working people so much? Why do you hate the middle class? Why the love for the ultra wealthy? Facts don't lie or have an agenda. Facts are just facts
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Theodoric Member Posts: 9201 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
having non-corrosive beauty Ever hear of tarnish? Facts don't lie or have an agenda. Facts are just facts
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Theodoric Member Posts: 9201 From: Northwest, WI, USA Joined: Member Rating: 3.2
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I miss Crashie. At times he actual made me look cool and collected.
Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness.
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Theodoric Member Posts: 9201 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
You are choosing to use logic, reason, and reality and ignoring the idea that you are a believer.
So in order to be a believer, one has to throw out everything that allows them to function in the real world? Edited by Theodoric, : Words, punctuation, clarityFacts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness. If your viewpoint has merits and facts to back it up why would you have to lie?
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