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davepamn | September 17, 2009 11:07 AM | in Money

Will the US move back to the Gold Standard?

Is the Gold Standard the solution to out of control government spending?

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BEST ANSWER chosen by asker | stacylee | September 20, 2009 04:49 AM

The Federal Reserve would NEVER let that happen.
The Fed abolished the 'Gold Standard', making 'paper note' money (what they produce, supply and control) the only legal tender, and seized all the gold possessed by civilian Americans, because without the gold standard, there is no way to protect savings from confiscation through inflation. Gold stands as the protector of property rights, and then citizens would have 'one up' on the Fed controlling your assets, which they don't want to have happen, ever again.

For more about the corrupt bankers go to;

source(s):
http://tychesolo.yolasite.com/the-banks.php

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davepamn | September 21, 2009 02:01 AM

You save never, as if you know the future. What happening, if hyperinflation occurs?

Gold prices suggest that the commodity is a hedge against hyperinflation. Gold seems to be important. The Federal reserve is a private bank and could be abandoned. In a currency crisis, commodities rule supreme.

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stacylee | September 21, 2009 02:36 AM

Because you have to know what they have control over and who runs the shows...

"The Federal Reserve is a private corporation, that is not an agency of the government, that makes it's own policies.
The bankers of The Federal Reserve quietly cashed out all their own stocks days before The Crash of 1929. Then on called in all debts from it's borrowers. Debts that could not be paid. The initial crash occurred on Thursday, October 24, 1929, but the catastrophic downturn of Monday, October 28 and Tuesday, October 29 precipitated widespread alarm and the onset of an unprecedented and long-lasting economic depression for the United States and the world.
They had facilitated the public to increase their debts, through inflation and loans (as well as creating the new and very popular 'Marginal Loan'), and then called in all debt causing the crash in the market. They then continued to sustain The Depression, by limiting the inflation and increasing the interest.

And this depression lasted until the U.S. entered into World War II in 1941, and did not fully recover until 1954.

However, The Fed could have recovered America from this crash, and the depression almost immediately.

They chose not to.

The Federal Reserve can create (for the Fed and the bankers) as much money as they choose. Out of thin air. To loan out as much as they choose (money supply), and continue to earn money on top of the loans it provided through interest. (They make money off the money they've already created for themselves).
The main banking families, the Rockefellars', Morgans', Warburgs' and Rothschilds', created and wrote The Federal Reserve Act.
They have strong ties to certain group and members of government."

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davepamn | September 21, 2009 02:40 AM

Currency has gravity. When the Fed prints money, mass increases, and the value of money falls. When the Fed prints massive amounts of money that is call hyperinflation because the real value of money is in huge gyerations and during these gyrations, commodities and agriculture and precious metals become the measure of value. The fed can not control the market. Gold is an asset preserver. If Gold moves to 2,000 dollars and ounce, it means the money buying power has diluted by 50 percent. Most economies can not survive 50 percent dilution of debt.

The Fed is a servant to the Market, not the other way around.

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tychesolo | September 21, 2009 03:09 AM

The people who own the banks own the same corporations who create the stocks in the market. It's the same people who FOUND the government.
the people who own the banks own the media. And how much everything is worth.
And it was handed to them BY the government. They've made society so money hungry and materialistic that the have complete control over us and we give them EVERYTHING we get. The Federal Income Tax Law isn't even a law, and they still jail people for it. They put it all in place so we are forced to forever work to get a piece to hold in our hands.
We are their slaves, why would you give you slaves gold??

After the Federal Reserve was given control, President Wilson (supporter of the act) said, in regret, in 1919 six years after the Federal Reserve was created;

'I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation controlled by credit.

(Our) Industrial Nation is controlled by it's system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all activities are in the hands of a few men.... who necessitate, by very reasons of their own, chill and check and destroy genuine economic freedom. We have come to be one of the most ruled, one of the most completely controlled, dominated governments in the civilized world - no government by free opinion. No longer a government by conviction and the vote of the majority. But the government by opinion and duress of a small group of men."

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