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In Gold we Trust

Back to the gold standard?


Added: Apr-13-2012 Occurred On: Apr-13-2012
By: dcmfox
In:
Politics
Tags: Dylan Ratigan, going, back, gold, standard
Views: 1351 | Comments: 33 | Votes: 0 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • Now the talking heads see the Ron Paul's mentality and are giving credit where it's due,..lol
    just wait for the Convention,.Ron Paul is going to dance all over these puppets running for office with shear straight up answers that our Country needs to pursue,.
    When the Whole Nation can watch all at once Nationally televised,the Big media can't stop Ron Paul's overwhelmingly resolve for our Country to be shown to everyone tuning in,.,and the Delegates will look stupid voting otherwise,..
    That's why More..

    Posted Apr-14-2012 By 

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    • @SharkGuy Investing in gold and returning to gold as currency are totally different things. the only way gold can come back as a currency is for the dollar to collapse.

      So for Paul to want to get back to the gold standard is all well and good on paper, but he's really asking for us to burn our wallets and start over.

      I'm down with that if they dissolve all debt including my mortgage. Restart the whole damn thing, hell if the fed will insure Bank of America's 73 trillion in bets than they are More..

      Posted Apr-15-2012 By 

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    • @Zardoz003
      I think we should abolish the Federal Reserve and establish a REAL American Reserve,owned by the people,..for the people,meaning all profits from loaning the money goes back to the people,.a total self supporting system,with no personal gain from the actual source of the new American Reserve ,.how we get there would have to be done systematically,.

      Posted Apr-15-2012 By 

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    • @SharkGuy I agree completely, and that has to coincide with a federal banking system as well. Look at North Dakota, they have a state ran bank and they are the only state not under water now.

      Banking, before Reagan used to be a very boring enterprise, than he turned it into the wild west. Notice all the regulations FDR put in place kept the system very steady, than when all the deregulation came about since the 80s, we've had nothing but bubbles and crashes.

      Posted Apr-15-2012 By 

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  • When even MSNBC starts to warm to gold, it's time to be very, very scared about the dollar.

    Posted Apr-14-2012 By 

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    • @buzzardist

      Would agree normally, but this Dylan guy hates both parties.

      Posted Apr-14-2012 By 

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    • @buzzardist Progressive radio hosts have been pitching the buy gold thing for years now, and the collapse and depression we are in was predicted by the left years before it happened and mocked for it.

      Posted Apr-15-2012 By 

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    • @Zardoz003

      I guess its at both fringes that we get the conspiracy theorists, gold bugs, and the like. My surprise is MSNBC hawking gold. MSNBC leans way left, but it is still very establishment.

      Who on the far left was predicting the collapse? I know of many people on the right who for years predicted the current situation, people like Ron Paul and Peter Schiff, along with more fringe people who have been saying the same thing for decades. I remember hearing, "The collapse is coming- More..

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  • Dude towards the end is wrong. Gold is not a commodity, it's a currency. And the reason it makes a great currency is because it's pretty much useless at everything else, and NOT subject to market forces. Gold has not changed in value in hundreds of years.

    Posted Apr-14-2012 By 

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    • @truth2012

      I'm generally a supporter of gold, but what you state is part of a gold bug myth. Gold has not held a fixed value over hundreds of years. Gold, whether you want to call it a currency or commodity, has fluctuated greatly in relation to the value of other goods. One feature of gold is, as this clip notes, that it has relatively few other uses. We can't eat gold. Today, we have some industrial uses for it, but not nearly enough to dent the gold supply. Historically, gold was most More..

      Posted Apr-14-2012 By 

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    • @truth2012 Gold hasn't changed in values in hundreds of years? Are you retarded? Why is it that the stupidest people always end up debating the most advanced subjects? There was a massive gold bubble in the 80s just like there is now. A lot of these doomsdayers are going to be crying to their mommies when the prices tumble again.

      Posted Apr-14-2012 By 

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    • @steme
      where are you getting your info that gold is going come down in price??... Ben Bernanke???

      Posted Apr-14-2012 By 

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    • @steme The 'bubble' as you call it is not function of the value of gold changing, it's a function of the value of money changing. As one example, look at this chart that prices oil in dollars and gold. Tell me which is the more stable currency? http://www.ridelust.com/wp-content/uploads/oilgoldsm.jpg

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    • @buzzardist It's not so much the gold fluctuating as it is supply and demand forces of whatever your measuring with gold. I agree that a gold standard is not perfect. I also agree that getting to a gold standard would likely result in an economic depression for some time. However, IMO it's needed medicine. How long can central banks continue to produce more and more debt without serious ramifications (currency collapse, or hyper inflation)?

      Posted Apr-14-2012 By 

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  • Look at the retards we have running the show now. They can't even handle running a system thats based on printing money out of thin air, and they screw that up. How incompetent are you when you eat the goose that laid the golden egg?

    Posted Apr-14-2012 By 

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    • Comment of user 'rclark951' has been deleted by author (after account deletion)!
  • Don't talk about the gold standard. You will be assassinated, or there will be a "popular uprising" to remove you from power. Then they kill you.
    http://3.bp.blogspot.com/-fRtBxipp_tg/TqGVH_2F6lI/AAAAAAAAA5Q/Z-Hq0BsH3CY/s1600/gaddafi-dead.jpg

    Posted Apr-13-2012 By 

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    • @castanza128

      Glad I'm not in power..Kaducki had something like 40 billion dollars and died in a fucking storm drain.

      If I were him I would have had 100 million dollars and spent the rest on the people and the country.

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    • @dcmfox at his age and position, i would of been happy with 5 million in my bank account and not ensuring my eventual death. greed but that gets you in the end, in so many ways, especially with power..

      Posted Apr-14-2012 By 

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    • Comment of user 'rclark951' has been deleted by author (after account deletion)!
  • FYI, all the gold held in the world would fit in a cube 60 feet (about 20 m) on a side.
    Unless there are aliens capable of transmuting elements, all the gold in the universe was and is being created in supernova explosions.

    Posted Apr-14-2012 By 

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    • @govett They actually created gold at MIT using a nuclear reactor they had on loan. They created under one ounce, it cost them I think a little over a million dollars in operating costs. It was on the Science Channel

      So I am sure gold is of no consequence to aliens.

      Posted Apr-15-2012 By 

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  • The cookie jar is empty, only thing Fort Knox is full of is echoes.

    Posted Apr-14-2012 By 

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  • Comment of user 'rclark951' has been deleted by author (after account deletion)!
    • @rclark951 Meth is worth 2 or 3 times more than gold right now, guess where I'm investing?

      lmao

      Posted Apr-15-2012 By 

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    • Comment of user 'rclark951' has been deleted by author (after account deletion)!
  • 100 years ago if someone were to give you a $20 gold double eagle or a $20 dollar bill which would you rather have today? No contest!

    Posted Apr-14-2012 By 

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  • Right now they can artificially create gold, the problem is it's at a cost of a million dollars an ounce. One day in our life time I am sure it will be easier and much cheaper, so even gold will not be so important a commodity.

    Posted Apr-15-2012 By 

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  • Comment of user 'MDaine' has been deleted by author (after account deletion)!