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So if Gold was the new money standard then how would you buy more gold, with GOLD?


               
2023 Mar 26, 10:59am   21,021 views  189 comments

by Tenpoundbass   follow (10)  

Also with digital currency, if there wasn't any fiat money how would you acquire tokens?

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1   richwicks   2023 Mar 26, 2:48pm  

You purchase gold with production of goods and services in a gold standard.

In our system, you can purchase money with production of goods and services, or just changing digits in a fucking computer.

The Federal Reserve, whoever owns it, has INFINITE purchase ability. They are not audited, they can create as much money they want, they can purchase anything they wish. They are our true government.

They can fund a corporation or initiative infinitely. They've completely purchased our government.
2   komputodo   2023 Mar 26, 3:08pm  

Tenpoundbass says


So if Gold was the new money standard then how would you buy more gold, with GOLD?

How do you buy dollars with dollars?You don't buy dollars, you earn or steal dollars.
3   Patrick   2023 Mar 26, 3:20pm  

richwicks says

The Federal Reserve, whoever owns it, has INFINITE purchase ability.


https://www.quotemaster.org/qa9277aece5ff2d642a3c4987fc066b82


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
4   Tenpoundbass   2023 Mar 26, 4:34pm  

richwicks says


You purchase gold with production of goods and services in a gold standard.

komputodo says


How do you buy dollars with dollars?You don't buy dollars, you earn or steal dollars.


Ah you both are talking about two different things. Richwicks is saying only Entreprenuers that produce a service or a product earns Gold.
He did NOT describe employment or their employees.

Komputodo on the other hand describes how you make dollars through either illegal means or Employment. How ever in Komputodo's example in a Gold Standard world, you would be earning Company script, which you spend at the company store or in Modern times it might be called "Affiliated Partners". The guy who owns your place of employment, certainly isn't going to break you off a piece of his Gold.

The answer is of course, you don't and can't buy more Gold with Gold. It's a paradox that has led to Mans greatest sin. Murder and Plunder through War.
If the world had been on the Gold standard even to this day. We would be on WWV by now.

Petrol dollars is the great equalizer, it's the same currency used by the poor or the billionaires.
If your poor as fuck and you work some shitty job in a gold standard world. You can't save up company script and start your own business. It's worthless to all of the other Producers and the Banks..
5   richwicks   2023 Mar 26, 4:44pm  

Tenpoundbass says


The answer is of course, you don't and can't buy more Gold with Gold.


Yeah, of course.

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.

Tenpoundbass says


If the world had been on the Gold standard even to this day. We would be on WWV by now.


NO, if we were on the Gold Standard and didn't have fucking fractional reserves, nobody could have afforded to have WWI or WWII.

We don't pay for fucking wars anymore, not really. We just add it to the debt, and this causes inflation, and impoverishes the nation. If we actually had to pay for our fucking wars, we'd overthrow the goddamned government before we'd pay for it.

We go to war, because the Federal Reserve dictates it.

We wouldn't have had the civil war if Lincoln didn't force the use of the greenback. If people refused to engage in this bullshit, we'd all be better off.

Making war is a fucking waste of money, making infrastructure, isn't.
6   Tenpoundbass   2023 Mar 26, 4:48pm  

richwicks says

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.


LOL a very small percent struck it rich in the 1849 Gold Rush. Most non well connected people without muscle and protection... The saying was a fool and his Gold will soon part ways.

Besides most all of the easily available Gold in the world has already been recovered. If you ever watch any of the gazilions of Gold digger shows. It's a tens of thousands dollar a day operation. And even those operations have a stressful time just making payroll, and getting their investment back.

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