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ORIGINAL: Edwird

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ORIGINAL: Real0ne
and your ridiculous strawman bullshit red herring argument that no one would leave money in the bank further shows your ignorance regarding the monetary prison we are in thanks to our overlords.

I actually said something to the effect that no one with half a brain would leave a million dollars in a non-interest bearing account, but carry on . . .
. . .

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I should be able to take a 1 dollar bill that I labored for, put it on the table today and 10 years from now purchase 'about' the same amount of goods,

Okay, you got me on that one.

Here I was talking about non-interest bearing accounts and mattresses, but now we have leaving a dollar bill on the kitchen table as best way to advance and enhance one's retirement fund.

So yes, If you don't want your money or your retirement fund to grow (in real, not nominal terms), a gold standard is the only way to go.

But anybody who isn't a dumbfuck (not mentioning names, here) can easily put saved money to conservative investments which handily outpace inflation.

quote:

ORIGINAL: Real0ne
ORIGINAL: Edwird

quote:

ORIGINAL: Real0ne
and your ridiculous strawman bullshit red herring argument that no one would leave money in the bank further shows your ignorance regarding the monetary prison we are in thanks to our overlords.

I actually said something to the effect that no one with half a brain would leave a million dollars in a non-interest bearing account, but carry on . . .
. . .

quote:

I should be able to take a 1 dollar bill that I labored for, put it on the table today and 10 years from now purchase 'about' the same amount of goods,

Okay, you got me on that one.

Here I was talking about non-interest bearing accounts and mattresses, but now we have leaving a dollar bill on the kitchen table as best way to advance and enhance one's retirement fund.

So yes, If you don't want your money or your retirement fund to grow (in real, not nominal terms), a gold standard is the only way to go.

But anybody who isn't a dumbfuck (not mentioning names, here) can easily put saved money to conservative investments which handily outpace inflation.
I actually said something to the effect that no one with half a brain would leave a million dollars in a non-interest bearing account, but carry on . . .
. . .

and I pointed out that has not a damn thing to do with how the SYSTEM WORKS TO ROB YOU!

It robs you every second you have cash in your pocket. Saving up for a new car? Yep you are being robbed.

INVESTING? Yep you are being robbed, once again you are paying taxes on the gains as prices are going up as a result of continuing inflation NOT real growth yet they fucking call it 'growth' just because the number is gettin bigger, its not its matching inflation, which on average is a one way street UP.

When we were on the gold standard, the stochastic for inflation was forced to come back to zero at some point and go negative, on this system it never will, it cant, if it did there would be no money at all, you will be forever fucked out of your money!

How well somone invests is completely different and nonsequitur to the issue.

Now multiply robbing just 'YOU' by 300 million 'YOUS' in the US alone.

Best scam I ever seen perpetrated on humanity second only to the holocaust and both orchestrated by the fucking criminal banking cabal all of which operate under the head zionist rothschild.

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When we were on the gold standard, the stochastic [as if you even know what that word means] for inflation was forced to come back to zero at some point and go negative

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ORIGINAL: Edwird

So now you are in such a snit that you're stealing words from another poster whom you normally oppose.

In any case, I've read everything you have on the matter, and much more. But unlike you, I've never claimed to be an expert (I know for a fact I'm not), I'm just relating what I've learned from numerous reliable sources (actual experts, not gold sellers) and several semesters of study and requisite term papers thereto.

Simple math: 5% return on investment (easily obtainable) minus 3% inflation = 2% net. Not anything to get excited about, but in any case you are not being ROBBED! by minor inflation.

Even the half-inept retirement funds can do better than this. But you want to cheat everybody else out of potential 8% or 12% or 18% gains in their investments just so you can buy a Snickers bar now and 30 years from now with the same dollar? Are you serious?

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When we were on the gold standard, the stochastic [as if you even know what that word means] for inflation was forced to come back to zero at some point and go negative

Yeah, that "go negative" (deflation) thing is what caused a bunch of farmers and their kids to go starving in the 1870s and 1890s and 1930s. So is that your notion of good method for curing all economic ills? Let's just get back to child labor, while we're at it.

Any of us who work are responsible for increase in national wealth, and if you don't like my throwing $2 or $5 to homeless guys to perpetuate the process, then shoot me. But the increase in technological and other advance is such that an antiquated 'gold standard' could never keep up with. Aside from the fact that most of us don't want to keep pumping mercury into the ground and the streams to mine the gold in the first place.

Again, money is what the government says money is, as has ever been thus.

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ORIGINAL: MrRodgers

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ORIGINAL: Edwird

And so there's this:

http://www.macrotrends.net/1437/sp500-to-gold-ratio-chart

When looking at the first chart, understand that the lower the blue line is, the greater the value of gold vs. the S&P 500. The higher the blue line, the greater the value of the S&P 500 vs. gold.

What seems to be misunderstood is that the dollar in your pocket is merely a financial derivative and history has never claimed it to be anything else.

To have a so-called gold standard has never prevented govt. or bankers from printing up more currency.

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ORIGINAL: Edwird

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ORIGINAL: tamaka

Why is gold so valuable to us anyways? I mean... gold itself doesn't do anything for you. Why base anything for value which actually has no value. I mean, it's just a pretty rock isn't it? I mean, personally, i can take it or leave it.

Value has always been an arbitrarily derived equilibration between supplier and demander.

At the moment, India demands a lot of gold because of their attachment to gold jewelry, and everybody else in the world (but India too) uses electronics which use gold-plated contact points and connections. Gold is marginally better than copper in terms of electrical conductivity, less in that regard vs. silver, but far superior to either in resistance to corrosion in open air or water (or high humidity).

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ORIGINAL: WickedsDesire

Ziojiz?