Question On Going Back To Gold Standard? - Page 2

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Ed_B Pillar of the Community United States 4008 Posts	Posted 08/11/2011 6:57 pm Quote: And I'm really not ready for a world in which bread is a a hundred bucks a loaf, milk is two hundred dollars a gallon, and a trip to Starbucks for a small latte' makes your pocket three hundred dollars lighter. When bad things happen, they seldom care whether or not we are ready for them. Bad as your scenario is, now imagine a world in which you cannot buy bread or milk for ANY amount of dollars... but you CAN still trade for them using either your labor or gold and silver. While this may not be likely, it IS possible. Report this Post to the Staff
Whytlash Valued Member United States 407 Posts	Posted 08/11/2011 9:38 pm Although my post is partly in jest, I think there is a little bit more to a world I describe, and particularly the one YOU just described! It's easy to make the assumption that when such a time occurs that gold and silver will still be barterable commodities, because it's always been so. With the corruption of society to such a state, gold and silver may as easily no longer carry such a value. Such conditions may appear at some time in the future, but I don't realistically see them occurring in my lifetime. Soylent green.....is people! Steve Report this Post to the Staff
junior e Pillar of the Community United States 931 Posts	Posted 08/11/2011 10:18 pm 1)Repeal the Legal Tender laws 2)Freeze the current supply of Federal Reserve Notes 3)Define the "real" dollar in terms of precious metal content 4)Establish gold as an auxiliary money reserve 5)Restore free coinage at the US Mint 6)Pay off the national debt with Federal Reserve Notes 7) Pledge the governments hoard of gold and silver as backing 8)Determine the weight of our gold and silver 8)Determine the number of all Federal Reserve Notes 9)Retire and exchange all FRN's 9)Convert all contracts made in FRN's to dollars 10)Issue Silver Certificates 11)Abolish the Federal Reserve System 12)introduce free banking(100% reserve) 13)Reduce the size and scope of government 14)Restore national independence Report this Post to the Staff
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