Quote:
Originally Posted by theking
What is this talk about going back to the gold standard. It is my understanding that the US does not have enough gold to back a gold standard and it is also my understanding that if the US owned all of the gold in the world...we would not have enough gold to back the gold standard. Where am I mistaken?
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The reason the US doesn't have enough gold is because in 1933 Roosevelt seized everyone's gold after doing so they increased the fixed price and sold said gold to the Vatican via China. Because if you didn't already know the Pope supposedly owns the World by conquest and/or discovery. We are all just renters of his land.. Now you can understand why such a "holy" man has to ride around in a bullet proof bubble car everywhere he goes.
You are somewhat correct in that we can't just go back to a gold standard. The best thing would be money tied to a basket of commodities for international trading in addition to "credits" for one's labor. You set the credit price for your labor and or goods. In exchange you get credits to your account. More or less a form of LETS (Local Exchange Trading Systems) They are already popping up around the World. In fact Japan's government setup 8 different systems in their country.
http://www.gmlets.u-net.com/resources/sidonie/home.html