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Originally posted by TheBorg
...what's our currency really based on, if not for gold?
Originally posted by Infoholic
I am honestly shocked that there are sooo many people that haven't viewed Aaron Russo's movie, America: Freedom to Fascism.
Originally posted by Gilgamesh
...you can say 'bye bye' to the dollar and hello 'amero'.
the true wealth of this world has been in less and less hands in recent history.
Originally posted by charlesmelissa
While you are correct in all you have said "In Nothing We Trust," you are missing some valuable information. You are on the edge of a great chasm, don't fall in. Governments can do what it wants to whomever it wants. Just a precaution. I have been warned by a friend and I am just passing it on.
BTW, if you can ever get hold of a copy of an old recording called "Inside Satans Locker Room" it will get you up to speed.
Originally posted by denythestatusquo
Originally posted by jaguarmike
This is by far the most dangerous thread ATS has ever had on it's board.
... this is the real deal, the real scam the real conspiracy..
Originally posted by TheBorg
But being tied to something completely imaginary is a good thing how?
So my question still stands, what kind of stability do we have when we base the values of things off of nothing?
I could just say that by racking up huge amounts of "debt" that I incur no such "debt" because it's not based on anything. True, it's a very lame argument, and it'd never hold up cause I can't lie worth anything, but it illustrates my point.
You should, since it's what determines how much that ever small dollar in your pocket is really worth.
The quantity that we have circulating in the American market and being stored in Fort Knox.
Because it's not based on anything, that's why. This is going into an economical argument, and it's kind of taking away from the rest of the debate. We can debate this in another thread if you'd like.
it's because credit has no value, while gold does.
It's susceptable to computer error, while the gold sitting in Fort Knox is untamperable, so long as the guards don't go to sleep on the job.
By everything that you've stated, there should be no reason for that, right??? RIGHT???
Originally posted by charlesmelissaWhile you are correct in all you have said "In Nothing We Trust," you are missing some valuable information. You are on the edge of a great chasm, don't fall in. Governments can do what it wants to whomever it wants. Just a precaution. I have been warned by a friend and I am just passing it on.
Originally posted by Nygdan
Originally posted by TheBorg
But being tied to something completely imaginary is a good thing how?
The religious seem to like it.
;D
I would have to thinkthat the answer is 'the stability that we do have'. I mean, even if it doesn't seem to make sense that this kind of currency should be stable, its certainly been stable. THis 'agreed upon fiction' has resulted in the stability that we see today.
It looks like the difference is that the money lie is extremely persuasive, and thats why it works. Sort of like 'modern ritual magic', people understand that by saying a magic word, nothing actually happens, but they choose to suspsend disbeleif and create their own attachement to the ritual, and through that it has its desired psychological effect. Here we've agreed that the money has value, and because we all agree, it works.
But my point is, what does it matter if the dollar is based on some tying into to an abstract concept like 'credit', or to an equaly abstract concept like 'gold is worth something'? If it works, it works, no?
And how is that 'worth' anything? Its 'value' is just another word for a measure of 'how much is currently available'. We have to agree that its actually worth anything.
I'm certainly not qualified to start a whole nother thread on the subject. I just don't see why it shoudl really matter if our money now is based on credit. Money in the past was actual lumps of gold, with the emperor's profile stamped on it. I don't see how either is really 'rational or real'. THey're all abstractions. And this modern abstraction seems like its working pretty well. Its open to manipulation and problems, but when money was just a note entitling you to a mass of gold, there was manipulation and ruin also.
Credit has value to people that want it. Gold has no value to people that don't want it. If there was a catastrophe in my town, and I needed to buy some food and water, I'd have a hard time getting people to accept nuggets of gold in exchange. Because they don't know the purity, the mass, the exchange rate on the market, etc. And they can't guarentee that they'd be able to sell the gold once the catastrophe is over for 'real money', which they could use anywhere. But with dollars, I can buy anything.
Yes, if the government collapses, then dollars aren't worth much. But in a catastrophe like that, gold won't be worth anything either, who'd exchange food and water for peices of dense yellow metal?
But people can wreck the value of gold by purchasing it off the market, just like dollars. Some peopel have even attempted to do that. Or just look at spain during its colonial era, they figured that they were better off having more gold in the home country, mercantalism. It resulted in there being too much gold, its value plummeting, and their country going into near permanent collapse. Its only today even, with 'fake money', that they've been able to pull themselves together.
Its still a commodity. Its a metal that has potential value.
[edit on 15-11-2006 by Nygdan]
Originally posted by longryder
... we would never allow a foreign banking interest to be in charge of our monetary system now would we?