I still want my money in American dollars/Not Euros.

[ReAmericaNow]

Oil is limited resource, dude. Gold and silver stay around. Even if used, they can be melted. Also, how the hell do you make oil currency?

Oil simply doesn't lend itself to use as currency.

I was just referring to how you said that that gold and silver can not be inflated because you have to find/mine/extract more. But a gold standard system does not mean that gold coins have to be used. You can still use paper money, but the paper money is worth a certain amount of gold. So, we still could use an oil standard system, if you want to base the economy on something more concrete then blind faith.

 

[uscitizen]

Oil is limited resource, dude. Gold and silver stay around. Even if used, they can be melted. Also, how the hell do you make oil currency?

Oil simply doesn't lend itself to use as currency.

I was just referring to how you said that that gold and silver can not be inflated because you have to find/mine/extract more. But a gold standard system does not mean that gold coins have to be used. You can still use paper money, but the paper money is worth a certain amount of gold. So, we still could use an oil standard system, if you want to base the economy on something more concrete then blind faith.

If we went to gold backed paper again we could only have around 1 trillion in money total, that is about all the gold we have.

 

[ReAmericaNow]

Oil is limited resource, dude. Gold and silver stay around. Even if used, they can be melted. Also, how the hell do you make oil currency?

Oil simply doesn't lend itself to use as currency.

I was just referring to how you said that that gold and silver can not be inflated because you have to find/mine/extract more. But a gold standard system does not mean that gold coins have to be used. You can still use paper money, but the paper money is worth a certain amount of gold. So, we still could use an oil standard system, if you want to base the economy on something more concrete then blind faith.

If we went to gold backed paper again we could only have around 1 trillion in money total, that is about all the gold we have.

I am curious as to where the 1 trillion number comes from, do you mean the entire world or what the united states holds (only worth about $173 Billion) not even enough to pay the interest on the debt ($187 Billion)

 

[editec]

Currency's value = the potential of the nation issuing it to generate something of value in the world so it can tax it's people for making it -the national debt.

Off hand, I'd say our species is still worth having.

If you don't think it is, feel free to send all that worthless specie you have laying around to me.

 

[uscitizen]

I was just referring to how you said that that gold and silver can not be inflated because you have to find/mine/extract more. But a gold standard system does not mean that gold coins have to be used. You can still use paper money, but the paper money is worth a certain amount of gold. So, we still could use an oil standard system, if you want to base the economy on something more concrete then blind faith.

If we went to gold backed paper again we could only have around 1 trillion in money total, that is about all the gold we have.

I am curious as to where the 1 trillion number comes from, do you mean the entire world or what the united states holds (only worth about $173 Billion) not even enough to pay the interest on the debt ($187 Billion)

gold that the US govt holds and owns. We also hold other countries gold but do not own it.

 

[ReAmericaNow]

If we went to gold backed paper again we could only have around 1 trillion in money total, that is about all the gold we have.

I am curious as to where the 1 trillion number comes from, do you mean the entire world or what the united states holds (only worth about $173 Billion) not even enough to pay the interest on the debt ($187 Billion)

gold that the US govt holds and owns. We also hold other countries gold but do not own it.

Other "Countries Gold" I guess refers to The Federal Reserve Gold Depository in Manhattan, but I wouldn’t say that a private enterprises holdings can be used by the Federal Government.

 

[uscitizen]

I am curious as to where the 1 trillion number comes from, do you mean the entire world or what the united states holds (only worth about $173 Billion) not even enough to pay the interest on the debt ($187 Billion)

gold that the US govt holds and owns. We also hold other countries gold but do not own it.

Other "Countries Gold" I guess refers to The Federal Reserve Gold Depository in Manhattan, but I wouldn’t say that a private enterprises holdings can be used by the Federal Government.

Yep the gold in Manhatten and no it could not legally be used by our federal govt.

 

[ReAmericaNow]

I say let’s end the fed, and confiscate all their assets, doing so would immediately reduce our national debt by 40%. If only Obama was a real socialist, then maybe we could be so lucky, until then we are stuck with corporations running our economy into the ground.

 

[☭proletarian☭]

Oil is limited resource, dude. Gold and silver stay around. Even if used, they can be melted. Also, how the hell do you make oil currency?

Oil simply doesn't lend itself to use as currency.

I was just referring to how you said that that gold and silver can not be inflated because you have to find/mine/extract more. But a gold standard system does not mean that gold coins have to be used. You can still use paper money, but the paper money is worth a certain amount of gold.

No fucking shit

http://www.usmessageboard.com/econo...n-american-dollars-not-euros.html#post2020044

Late bus- you missed that, too.

So, we still could use an oil standard system, if you want to base the economy on something more concrete then blind faith.

Oil is a diminishing resource. You use it and its gone. It can be used for barter. It cannot be used as a true currency.

 

[Big Black Dog]

If things get much worse, I may ask to be paid in gold.

 

[☭proletarian☭]

Oil is limited resource, dude. Gold and silver stay around. Even if used, they can be melted. Also, how the hell do you make oil currency?

Oil simply doesn't lend itself to use as currency.

I was just referring to how you said that that gold and silver can not be inflated because you have to find/mine/extract more. But a gold standard system does not mean that gold coins have to be used. You can still use paper money, but the paper money is worth a certain amount of gold. So, we still could use an oil standard system, if you want to base the economy on something more concrete then blind faith.

If we went to gold backed paper again we could only have around 1 trillion in money total, that is about all the gold we have.

Gold and silver, dude... Silver was always used for the usual transactions.

 

[52ndStreet]

Is there an international conspiracy against the U.S. dollar?

 

[☭proletarian☭]

Is there an international conspiracy against the U.S. dollar?

Nope only against black homosexuals.'

We're coming for you, Bass... We got to the Panthers and we'll get to you, too. You can't escape from COINTELPRO...

 

[52ndStreet]

Is there an international conspiracy against the U.S. dollar?

Nope only against black homosexuals.'

We're coming for you, Bass... We got to the Panthers and we'll get to you, too. You can't escape from COINTELPRO...

What about white weirdos with hamer and sickle avatars?

 

[uscitizen]

Is there an international conspiracy against the U.S. dollar?

No just a right wing led national one.

 

[☭proletarian☭]

Is there an international conspiracy against the U.S. dollar?

Nope only against black homosexuals.'

We're coming for you, Bass... We got to the Panthers and we'll get to you, too. You can't escape from COINTELPRO...

What about white weirdos with hamer and sickle avatars?

We're waiting for the Republicans to stop blocking our presidential appointments.


I'm gonna be the new USMB Czar.