Comments 1 - 6 of 189 Next » Last » Search these comments
So if Gold was the new money standard then how would you buy more gold, with GOLD?
The Federal Reserve, whoever owns it, has INFINITE purchase ability.
Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back. - Josiah Stamp
You purchase gold with production of goods and services in a gold standard.
How do you buy dollars with dollars?You don't buy dollars, you earn or steal dollars.
The answer is of course, you don't and can't buy more Gold with Gold.
If the world had been on the Gold standard even to this day. We would be on WWV by now.
People do mine gold though. For a processing fee where the processor kept a portion of the gold, it was turned into coins.
There's no paradox here.
Comments 1 - 6 of 189 Next » Last » Search these comments
patrick.net
An Antidote to Corporate Media
1,363,482 comments by 15,734 users - KgK one, Maga_Chaos_Monkey, Misc, MolotovCocktail online now