|
Tab Menu 1
| Fellowship Hall The place to go for Fellowship & Fun! |
 |
05-16-2016, 09:43 AM
|
|
Registered Member
|
|
Join Date: Oct 2014
Location: Phoenix, AZ.: Baptized in the NAME of the Lord Jesus in 1982.
Posts: 2,065
|
|
|
The "GOLD STANDARD"
REMEMBER THE "GOLD STANDARD"?
I think most of us don’t remember what it was, and many don’t
even know what it used to be! Let me see if I can refresh your
memory...or my own!
The dollar could buy gold at a certain price, set by the world
market, or economy. For many years, the price of gold was set
at $35 per ounce. That means that each dollar could buy 1/35
of an ounce of gold. If the gold ever hit $100 per ounce, then a
dollar could buy 1/100 of an ounce of gold. So if the US owed
any other country money, we would pay them back in gold,
according to its current value. Get it? OK.
“WAIT A MINUTE, BROTHER!
Does that mean that the higher the price of gold, the LOWER
the value of a dollar?” Well, yes, but... we’re not on the gold
standard now; we’re on the “DOLLAR STANDARD”!
IS THAT GOOD NEWS, BROTHER?
Well…not, really. I mean, SOMETHING has to back up the dollar:
it used to be gold. If Mexico, for example, had a billion dollars in
US notes, the US would simple pay Mexico back with the equivalent
in gold reserves (that’s the amount of gold we had in reserve).
So a $1B debt would equal about $28.5 M in gold (at $35 per oz.)
Simple, right? Yes.....
HOWEVER… HOWEVER… HOWEVER… HOWEVER…
We are not on the “Gold Standard” anymore; we are on a “Dollar
Standard”! We are the richest nation on earth, and we have the
most "FEDERAL" land, the best agricultural land, and the best
cities in the world. That means our "CREDIT" is virtually limitless!
The world is lending us money hand over fist. And…and…
Wait a minute! Whoa, Nelly!
How do we pay the lenders back without the gold? Very simple:
the government is MORTGAGING our land, our goods, OUR CITIES,
OUR PROPERTIES, and OUR CHILDREN!
Brothers and Sisters: keep on voting for all those Democrats and
Republicans who are in the process of selling your souls!
Please correct me if I'm wrong. Signed: a Conspiracy Theorist.
|
05-18-2016, 11:17 PM
|
 |
On the road less traveled
|
|
Join Date: Dec 2010
Location: On a mountain... somewhere
Posts: 8,369
|
|
|
Re: The "GOLD STANDARD"
Are you buying gold?
|
05-20-2016, 11:26 PM
|
 |
Unvaxxed Pureblood
|
|
Join Date: Jul 2012
Location: Zion aka TEXAS
Posts: 26,945
|
|
|
Re: The "GOLD STANDARD"
Quote:
Originally Posted by thephnxman
Very simple:
the government is MORTGAGING our land, our goods, OUR CITIES,
OUR PROPERTIES, and OUR CHILDREN!
|
They mortgaged all that back in 1932-33.
|
05-25-2016, 03:47 PM
|
|
Registered Member
|
|
Join Date: Jun 2011
Posts: 10,076
|
|
|
Re: The "GOLD STANDARD"
Quote:
Originally Posted by thephnxman
REMEMBER THE "GOLD STANDARD"?
I think most of us don’t remember what it was, and many don’t
even know what it used to be! Let me see if I can refresh your
memory...or my own!
The dollar could buy gold at a certain price, set by the world
market, or economy. For many years, the price of gold was set
at $35 per ounce. That means that each dollar could buy 1/35
of an ounce of gold. If the gold ever hit $100 per ounce, then a
dollar could buy 1/100 of an ounce of gold. So if the US owed
any other country money, we would pay them back in gold,
according to its current value. Get it? OK.
“WAIT A MINUTE, BROTHER!
Does that mean that the higher the price of gold, the LOWER
the value of a dollar?” Well, yes, but... we’re not on the gold
standard now; we’re on the “DOLLAR STANDARD”!
IS THAT GOOD NEWS, BROTHER?
Well…not, really. I mean, SOMETHING has to back up the dollar:
it used to be gold. If Mexico, for example, had a billion dollars in
US notes, the US would simple pay Mexico back with the equivalent
in gold reserves (that’s the amount of gold we had in reserve).
So a $1B debt would equal about $28.5 M in gold (at $35 per oz.)
Simple, right? Yes.....
HOWEVER… HOWEVER… HOWEVER… HOWEVER…
We are not on the “Gold Standard” anymore; we are on a “Dollar
Standard”! We are the richest nation on earth, and we have the
most "FEDERAL" land, the best agricultural land, and the best
cities in the world. That means our "CREDIT" is virtually limitless!
The world is lending us money hand over fist. And…and…
Wait a minute! Whoa, Nelly!
How do we pay the lenders back without the gold? Very simple:
the government is MORTGAGING our land, our goods, OUR CITIES,
OUR PROPERTIES, and OUR CHILDREN!
Brothers and Sisters: keep on voting for all those Democrats and
Republicans who are in the process of selling your souls!
Please correct me if I'm wrong. Signed: a Conspiracy Theorist.
|
This is why I voted for Ron Paul.
|
05-25-2016, 07:20 PM
|
 |
Yeshua is God
|
|
Join Date: Aug 2011
Location: Los Angeles
Posts: 4,158
|
|
|
Re: The "GOLD STANDARD"
Quote:
Originally Posted by Esaias
They mortgaged all that back in 1932-33.
|
Hmm, what is a young lady doing, hanging around with three men in weird customes? 
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
|
|
All times are GMT -6. The time now is 10:57 AM.
| |
Linear Mode
