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aswon69 | Why don't we use hard currency? How can we get back onto that? |
I've learned how the Federal Reserve is basically a sham, and that we don't even have gold or silver backed currency anymore. Why not? |
 |
 
f0876and1_2
 |
our money is now backed by something worth more than gold or silver: the security and stability of the us government economy and government. yeah yeah i know supposedly the economy's going to hell and the govt is full of corrupt bastards but look around you man life is really actually pretty good. you can't garuntee that gold and silver will always be worth something... hey one day maybe we'll be able to make it synthetically. but you can always bet on stability and strength being worth something |
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Jo C
 |
Essentially a gold or silver standard would mean that the value of a dollar is extremely unstable. With fiat currency, the value of the dollar is more stable, and thus safer. Also, since the dollar as-is is accepted almost anywhere you go, it doesn't matter what is backing it, because everyone trusts it. It's the most liquid source of income you can have, hard currency not so much. |
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uslikestonuke
 |
Because there is a finite amount of gold and silver, and an infinite amount of economic growth potential. We can get back to being backed by gold and silver, the only thing you need to-do is during primaries in your state change your party affiliation to Republican, and vote for Ron Paul. The federal reserve is a sham, and we should get back to a material based monetary system so our money actually has worth. |
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andy165175
 |
Our currency isn't hard, you say? Try biting a Quarter. Seems hard enough to me. |
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Uthman B
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We don't have our currency backed by gold and silver because there is a finite amount of it on the earth. It is easier for the government to print bills and label it currency to be used. Even though it is going around that it is a sham because of our problem with inflation. We don't know if there is any more gold and silver waiting to be mined. This also causes confusion around the world. But that problem is being resolved. the Euro was introduced to make it easier to spend money from one European nation to the next. |
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nlick
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go to the federal reserve's website they will give you more information that you could possibly want. If you dont' want to visit the site basically there isn't enough value in all of the gold owned by the govt so years ago we got off the gold standard. This also gave the federal reserve the ability to put more money into the system to balance the economy. Def. a good thing otherwise our housing bubble would have destroyed the economy. |
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DRK1946
 |
back in 1871 the Untied States became a CORPORATION by act of congress and we were sold to the international banks .We are slaves to the bank and their game became offical in 1933 when FDR told us to turn in our gold .Go the federal resevre and get it history . |
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MichaelPhoenixRising
 |
The quickest answer is that we cannot get back into that.
Is the Federal Reserve a Sham? or a whatever? probably, but still. . not anything you or I as individuals can do about it.
Best thing is to know what battles you can and cannot win and use your energy accordingly. ...
my opinion anyway.
The FED will supply you with documents that when read in full will explain that they are not a "Federal" anything. But are a private (unaudited, untaxable) Private corporation owned by Various Banks and financial institutions.
If you continue your own research you may find that the largest "Class A-Preferred" Stock holders also own most of the Central Banks in the Developed world.
Is it right? Is it wrong? doesn't matter much becasue it . . IS what IS.
the currency was originally $1 gold or silver for $1USD Bill
Later it went to a 'fractional' banking system where the central bank and member banks could issue several $USD Bills for $1 Gold
(Thank Congress. .dont blame the FED)
NOW it is -0- Gold or Silver for a "Federal Reserve Note"
USDollar does not exist
and the FRN is only backed by "Good-Faith"
Doesn't make one feel safe, but again not much to do except learn how the system works and learn how to make it work for you.
Hope that helps! |
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Bill K
 |
Becuase Auric Goldfinger finally figured out how to
rip off Fort Knox of all its gold |
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dalbert02
 |
2,000 years ago, 1 ounce of gold bought you a toga, sandals, a sword and shield. 100 years ago, an ounce of gold bought you a nice suit, 10 years ago an ounce of gold bought you a nice suit. Today, one ounce of gold will buy you a nice suit As far as gold not being stable, that is BS, it is the most stable currency ever. The dollar is what is not stable. How come an ice cream cone cost 5 cents in the 50's and is more like $5.00 now? Same milk, same vanilla and sugar. Just about anything is more stable then dollars and that is why we don't use gold anymore. The government can not manipulate it's value hence the government does not like it. If you print up money, you go to jail. If the government prints up money, it is called inflation. Throughout history, any civillization that printed money eventually went bankrupt. Essentially inflation is a form of tax. When the US was on a gold standard, the dollar didn't change in value for almost a 100 years. When FDR took us off the gold standard, everything doubled in price. When Nixon took us off the gold standard completely, inflation increased even more. And if you believe inflation is only 3%, you really need to pay attention to prices as fuel, food and clothes all cost more then 3% more today then they did last year! |
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