AP: In Sweden Cash Is King No More

You and I are walking through the desert. You are carrying 10 lbs of gold coins, I'm carrying 5 gallons of water.

I assure you my water will be worth more than your gold.

So the value of Gold is very debateable depending on time and circumstance.

 

You and I are in South American. Our cars break down. I have gold you have have Euros....Have fun walking home.

 

So you no longer would possess the ability to be irresponsible with your money? If you set up an overdraft system with your bank you would still be able to do this anyway.

 

No ones. It would be the same as the treasury destroying money physically like it does today.

 

No South American countries have a gold standard. You're actually probably be better off finding people who'll accept Euros because people understand the value of a Euro. It'd be difficult to convince people to accept a Gold coin in non gold standard countries because people don't know how much it's worth or even how to tell if it's real.

I certainly wouldn't accept a Gold Coin as payment if I ran a business. I have never handled Gold in my life. I'd have to idea how to assess it's validity or value.

 

So if your job offered to pay you in Gold instead of dollars would you accept it?

 

I'm sure creditors of all stripes would love to have things set up this way. Healthcare and mortgage companies come to mind. Would you say that these industries are squeaky clean and justifiable in all that they do? How about the IRS? How about the fact that your ability to spend your own money could be totally restricted by authorities?

No... just no... It's crazy 1984 (*)(*)(*)(*).

 

Gold is the only universally accepted currency.

 

Ive tried. My employer wont do it ):

 

Who is "us"?

Herp - Sounds great. I want all of my wealth to be able to "be taken out with the click of a mouse". - Derp.

 

1 step closer to 1984

 

So, the gov't can just electronically remove money from your account? No thanks, socialists.

_

 

No it's not. You can't go to the grocery store and buy your food with Gold. Or go to the gas station and buy your gas in Gold. Gold is not a currency anymore. It's considered bartering. Which most businesses don't do anymore.

 

If you did you'd be spending most of your time converting your gold to dollars. Because gold is not a currency.

 

uh. Not anymore than they can do that now.

 

Not your wealth. Just unhandled money. The bank's wealth.

That's what the US treasury already does. They purposefully grow and shrink the money supply as it is needed. Having physical currency makes this more difficult. The simpler it is the less chance of serious inflation and deflation issues.

 

Why would anyone be paranoid of this? The only thing anyone should be paranoid of is if the government makes it illegal to use physical currency. In that situation, it wouldn't take a supporter of the gold standard to be paranoid of that. Any freedom lover would be paranoid of that.

That's because you hate freedom.

When using gold as money, we have total control over the money supply.
When using Federal Reserve Notes as money, we don't have any control over the money supply. The Federal Reserve does.

No it doesn't. When using all digital money, only the Fed and banks have control over the money supply. Using gold as money gives the free market (us) 100% control over the money supply.

Bull(*)(*)(*)(*). Anybody can put coins and dollars under their mattresses. The Fed can destroy any amount of physical cash it would ever deem necessary.

This is nothing new.

 

The free market doesn't give us control. It gives no one control.

It's VERY difficult to increase the supply of Gold in circulation. And we do need to constantly increase the supply because as population grows more and more gold is needed to pay everyone. So we'll automatically trend towards harsh deflation until we can find a source of gold.

Deflation is horrible. It means foreign investment plummets. It means we can no longer compete on a global scale.

Money needs to be easy to make and easy to destroy.

And it should be in the hands of bankers. Bankers that are appointed by US presidents and US congressmen. These bankers have a vested interest in keeping the dollar stable and the US economy growing. Because if the dollar collapses their wealth collapses with it.

 

Hitler was first appointed to the office of chancellor. Only later did he declare himself dictator.

 

Well when Obama cancels the election like Hitler did then you can call it a totalitarianism.

 

I see you trust Obama completely.

Good for you.

Does this mean you expect him to be President from now own and no one else will ever hold that power except him?

That's a disturbing thought.

 

I don't know where you pulled any of that information out.

 

OK.

Since you refuse to consider the first reason for not giving government so much power to abuse let me answer you a different way.

If or when Obama cancels the elections and becomes a dictator it's a little late for freedom loving Americans to do anything about it.

Or as they say in the real world:

"an ounce of prevention is worth a pound of cure."

Which sums up the problem with trusting libs and Obama perfectly.

 

Totalitarianism need not be instituted by a dictator. Totalitarianism can rise from those with the best intentions. Totalitarian democracy is a view of society that many in power have today with results that are apparent to anyone that looks. Those things that strengthen the collective are valued. Things that strengthen the individual are seen as incompatible with the collective vision. Things like religion and education. In the US, we can consider differing viewpoints as education and you can see both the attack on religion and the attack on other points of view to the point of efforts to silence them through intimidation.

 

Obama is not going to cancel the elections. Christ.

And if he did I would only hope someone shoots him in the face and takes the country back.