Russia backs return to Gold Standard to solve financial crisis

Russia backs return to Gold Standard to solve financial crisis

Full Article At: http://www.telegraph.co.uk/finance/financetopics/g20-summit/5072484/Russia-ba...

Category:

News & Politics

Tags:

• gold standard
• russia gold standard
• gold
• gold bullion
• SDR currency
• IMF SDR
• one world currency
• gold backed currency.

[stellaconcepts]

A lot of ppl seems confused... If a gold standard was enacted, gold would have to be revalued to cover for all the money in circulation (or at least for the economy or currency gold was backing)

If there was 1 oz of gold for every 10,000 gold in the economy, then gold would be revalued at 10,000 per ounce.

[gbvegeta]

@Hashishin13 no it's more like 1,000 monkeys with a thousand typewriters writing Shakespeare over the course of 4 billions years. They might accidentally write the first 1,000 words, but you are forgetting the probability that they will write none of it. Nothing is BOUND to happen and a lot of time doesn't make anything certain.

[Hashishin13]

@gbvegeta No, it doesn't. Just like if I throw a pile of sticks into the air a thousand times and one time they fall arranged in a letter, that isn't god talking to me, it isn't evidence or a writer, it was BOUND to happen due to the law of averages. Same thing goes for evolution.

[Hashishin13]

@ytgv3fc7 Maybe I misinterpreted your comment because I understand evolution to be true 100%.

[gbvegeta]

@Hashishin13 Computer programs didn't write themselves people did. Not that there are not programs which write additional code and change their code, yet that does not prove that they wrote themselves. DNA was written, but not by chaos, random chance and billions or millions of years. It was simply written by an intelligent being, some people call that being God. If you follow the logic of your analogy you might see that information simply points to a writer.

[evadidio]

@stellaconcepts GS presents an obscure shade:the fixing.If I' m a ruler and I can fix the gold tax, I can say an ounce of gold is valuable as a car. And all the people who don't have any? This is slavery and feudalism. GS is not as fair as it seems. Could be a major X than the fiat.

[ytgv3fc7]

@Hashishin13 what you gave as two important "reasons" aren't reasons at all. They're comments that may not even make sense. They do not in any way stop proving of evolution. Evolution is proven. Evolution is also not about the source of life, merely the changes of existing life. abiogenesis is the science of understanding how/if life originated from a condition that had no life but at least the required materials, energy, who knows what else. So this is not evolution by any definition

[ytgv3fc7]

@Hashishin13 RNA but also DNA. Similar bacteria can swap DNA fragments as well as RNA. Prions are a serious mystery: do they replicate folding patterns in other proteins? Do they swap patterns with each other? This is an all new serious problem. Without RNA or DNA to sequence, even more difficult to deal with in terms of disease.

[Hashishin13]

@ytgv3fc7 It hasn't been proven, YET, for two important reasons

1) Scientists think the earth existed for over a BILLION years before life arose, so even if we have the right lab conditions, we may not have the time it took for life to form

2) Even if we have the time, and the conditions the first forms of life had an entire EARTH to form in/on

So even if we somehow figure out exactly the right conditions and have eons to throw at the test, we may not have enough space.

[Hashishin13]

@gbvegeta Uhh no, a single celled organism mutated in a way that when it replicated it was better off being having its daughter cells semi-attached, and then from there that organism continued to evolve until it began to change the characteristics of certain regions of the multi-cellular organism became specialized. It really isn't that hard to imagine considering what genetic code do. How do we have computer programs that do one thing and then something else after? Its coded in there.

[Hashishin13]

@gb Which is why 99.99% of mutations are harmful, many of which will actually cause death in the mutated offspring. The left over 0.01% of mutations are beneficial and help the animal compete better, which helps the animal replicate and pass on its genetics. This might seem like it would cause more extinction then evolution, but in the wild most baby animals won't make it to aduthood anyway, and when you realize that less then 1% are mutated, it all evens out. Evolution takes millions of years.