Hugo Salinas Price - on the Gold Pound

[wwhvd]

That's adorable. Only he's talking like this all happened at the same time and is therefore connected. The development of the welfare state happened long after the move to paper currency and after the end of the empire. Since then our economic good times and recessions have pretty much followed the rest of the world, so the welfare state clearly isn't crippling us unduly. It just means we don't get as close to startvation when things go bad.

[milionis]

It seems they are still making the Gold Pound coin!

taxfreegold.co.uk/poundgoldpro­ofs.html

[Kralhonj]

What a tragic figure with his shiny little coins.....He reminds me of Golem in Lord of the Rings. The welfare state isn't the real problem, it's a fly on an elephant's arse in comparison to the devastation caused by the so-called social elite and all of their business interests that exploit both people and the planet for their own tawdry benefit i.e. large sums of money. They contribute zero and take everything

[RandomStandardGuy]

What this guy doesn't seem to understand is that if this were a fully functioning democracy then one would be completely unable to distinguish between 'government' and 'the people' .

[audas]

What a fucking cock - seriously.

Absolute dick.

Welfare state ? try going to New Zealand, Australia, France, Germany, Norway, Denmark, Switzerland - fucking anywhere on earth and you will see the welfare state thriving - its a well known and well understood FACT that a healthy well educated society prospers while an imbalanced feudal system is nothing but decay.

Absolute dickhead.

[radroatch]

@audas

Good point, I wouldn't quite say thriving, but I the reasons they are not down to the corrosive elements of over-centralization, which has been driven most by the hierarchical capitalist ethos

I watched a talk by a noble prize winner, whos name know escapes me, that put forward a good case that the rate of return on early education was the greatest of any investment that could be made for economical growth; the private education has been sucking the public system dry

[hrmIwonder]

What an ignorant fool. Actually, he's probably just a shameless propagandist. Gold has very very little intrinsic value. It is valuable because it is shiny and people are attracted to shiny things. Except for modern electronics, you can't really do much with it except make jewelry and coins. It's not good for building things, you can't plant it, you can't eat. Gold as the basis of money is certainly a folly.

[bezant1971]

@hrmIwonder scarcity, the name of the game is scarcity

[hrmIwonder]

@bezant1971 well if that's the case, we should just base our money on fossilized dinosaur dung. Should be much more scarce than gold.

[Aengrod]

@hrmIwonder

It is effort that was put in extracting it, durability, the fact that it is tangible and divisible etc etc. Its no rocket science. Besides as "some" banker said: Gold is money and nothing else .... Gold is nothing more than money and nothing else than gold is money. End of story.

Ask yourself, why central banks around the world hold gold? Don't quote bernanke its not because of tradition ;)

[bezant1971]

@hrmIwonder wide better than a monetary system backed by the slavery of the unborn, i support your idea

[devourerofbabies]

Interesting. I thought the wealth of the British Empire of 100 years ago came from blatantly exploiting the resources and labour of its colonies at gunpoint, not using gold as currency.

[kangchenjunga]

Why was this man asked to speak? Gibberish.

[bezant1971]

@kangchenjunga this man has predicted the civil unrest and the military state in the US since 1996, do a research please, do not show your ignorance, this man is the original silver lover.

[donques]

IF government isn't for protecting the people, what is it for? Oh yeah, helping the rich take too much in the first place and then telling us we are the greedy ones. The so-called 'welfare state' has demonstrably given more the the already wealthy than ever was reallocated to those who actually earned it. In the last 30 years, the wealthy have doubled their portion of world wealth by suppressing wages, looting entire national currencies & job-killing private equity buyouts.

[deputydog2]

Wouldn't it be said that when you look back two hundred, three hundred years from the future, PEOPLE CARED for one another so much that entitlements collapsed the nations financial institutions. instead of saying the private sector didn't care enough about the people in need of health care that it wiped out all but the wealthiest 1%

[iglwy]

with the gold standard what are you going to do about interest? the money to pay interest doesn't exists and if the money supply is fixed as under a gold standard ie. no inflation the money lenders will end up with all the gold! see Ellen Brown "web of debt" and stop wasting out time. The crime of 1873. free silver.

[iglwy]

OFF YOU GO HUGO. Go study the GINI COEFFICIENT. The empire has bankrupted itself? Britain ripped off the third world. Go study John Perkins "confessions of an economic hitman" to understand who has been ripped off.

[iglwy]

the gold was stolen from the third world. no mention of the banker bailouts free lunch that cost tax payers around the globe trillions, welfare for the super rich! inflation is caused by private banking and their scam called fractional reserve banking, see "money as debt" and "the secrets of OZ" by bill still. the wealthiest 400 US americans have more combines wealth than the poorest 150 million people. is this down to the welfare state? this guy is a fruitcake!

[oneshot2g]

@iglwy just because it is a socialism doesnt mean it is free of corruption

yes it is down to a welfare state, but it is the welfare of the political elites. in a true free market system the banks/ car companies would have gone bankrupt. the assets would have been auctioned and a new company would have been spawned with different leadership and the same workforce.

[KittyLuella]

@iglwy I'm pretty sure I saw a stat that said the 6 members of the Walton family have more money than the bottom 100 million Americans. Fucking sickening eh.

[milionis]

@KittyLuella our right finance.yahoo.com/news/six-wal­tons-more-wealth-bottom-172819­426.html

[nanciqwerty]

A 1911 Pound was one pound (16oz) of silver. 16 x $39/oz = $624

[optionsupdate]

the 1911 pounds is worth $370

[choobie12]

Currency is still the new hot topic, and perhaps a big shift will occur soon, also any society that does not have an equal amount of physical capital to back up their currency is not going to survive for long.

[coltrane1966]

That old gold coin is now worth around 250 of the modern £1coin.

[namjignerak]

People are inherently greedy. Taxation make balance before people go too far, however, taxation goes too far, make people rely on the welfare system, even corporation welfare, therefore, it is never-ending balancing act.

[NearAbbeyRoad]

@namjignerak

We tax people's productive efforts - income tax.

We allow the values of land, created by community activity, the owners never created that increased land value, to be untaxed and creamed off. Not taxing land values created two world depressions in 1929 & 2008.

Simple. Tax the "values" of "all" land, which is created by community activity, and do not tax people's efforts. People then will be self reliant and earn far more than welfare can give them.

[namjignerak]

@NearAbbeyRoad Even if we change into your tax model, taxing lands, which will limit tax revenue and land price will collapse, who want to be the only landowner to be targeted for taxation.People will not be self reliant, there will always be thieves, beggars in any kinds society. You realize that charities are form of modem day beggars. pace.

[NearAbbeyRoad]

@namjignerak

All expenditure can be raised by taxing the "values" of "all" land.

There has been no experience of land values collapsing.

People will be self reliant. Beggars, etc are few and far between.

[NearAbbeyRoad]

@namjignerak

Do a Go oggle on Geosism. All will become clear. It is the way we raise taxes before they ripped us off using income tax.

It is the only way.

[oneshot2g]

@namjignerak i disagree, by people spending we get a true "balance",

your idea of taxation is similar to handicapping Usain Bolt at a race because he is the fastest runner, now is that fair?

[NearAbbeyRoad]

He sounds confused. The reason why the welfare state came about was that in the richest country on earth there was grinding poverty. What does he propose we do to prevent grinding poverty? I hope it is not one of these ridiculous American right wing solutions which create grinding poverty - which I fear it may be.

I see no relevance to a brass or gold pound coin.

[largo2001]

@NearAbbeyRoad

tell that to those who pay to prevent "grinding poverty", provided you can define the terms first.

[NearAbbeyRoad]

@largo2001

Grinding poverty emerged because most were enslaved to a rich few - who owned the vast majority of the land and its resources. The masses paid rent to them, and still do.

There was less abject poverty in primitive tribal societies than in highly productive modern societies. All in tribal societies had access to the earth on reasonably equal terms and could provide for himself. Modern society is based on some people having all the land and everyone else buying or renting from them