3.06 The Gold Standard

In 1933, the Federal Reserve seized all gold bullion and changed our dollar to "legal tender", according to the zeitgeistmovie. Check out the clip at zeitgeistcritic:
http://www.zeitgeistcritic.com/part3/35-part3/91-The-Gold-StandardFor anyone who has not seen the zeitgeist movie yet, here is the link: zeitgeistmovie.com
The purpose of Zeitgeistcritic.com is to enable multiple people to analyze the content from the zeitgeist movie in a non-linear fashion. The movie from zeitgeistmovie.com will be split up into segments. Each segment will have a dedicated research page, where claims, statements, and accusations contained in the movie can be AFFIRMED or DISPROVED. The research herein is intended to be completely non-biased and based on facts, history, legal statues, and other such truths. Opinion or statements based on supposition will be removed from the website as inaccurate.

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News & Politics

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• zeitgeistcritic
• gold
• standard

[knab69]

The gold supply is limited and finite, therefore it limits what governments can do to steal from us. It makes governments directly steal instead of creatively steal through inflation and paying interest on our own currency. When a government steals directly, people get angry. That's why it does it incrementally, through petty excises, labor-income withholding, rip-off programs like Social Security and last but not least inflation and compound interest.

[DyShez]

The economic problems we face right now were created by two basic human factors:

1) Producers (banks, investors) have given in to their base desires to get something for nothing (which is impossible)

2) Politicians and Statists seek to violate natural law through unlawful force via regulation, regulation, regulation.

The Keynesian philosophy is a counterfeit because it's based upon scarcity. We live in an abundant universe. Human life value is the primary ingredient.

[prayfortruejustice]

@76Chev4x4 Yes I agree. However you can sometimes find professors at state Universities who are supporters of Von Mises or have Austrian School leanings. One could argue that the Chicago boys (Milton Freedman & Co,) were not Keynesian in their view of the economic policy making and chose a free-market approach.

[76Chev4x4]

@prayfortruejustice Find a college or university that embraces the Austrian model. Have fun I found THREE... this is all most people know--> Keynesian.

[prayfortruejustice]

@jaguarclaw Agreed: SS has BEEN highly successful -- too bad the Boombers will drain it dry, oops wait Congress already did that -- what hey have now is IOUs.. Now that the FED is the #2 holder of Treasuries, soon to become #1, and the trade imbalance continues to go the wrong way, and the FED POMO rises to 100's of billion pumped into the DOW... By 2020 the US wll be wondering how to pay the INTEREST on the debt. Forget Soc. Sec. We are becoming a 3rd World Nation.

[prayfortruejustice]

@jaguarclaw Ans: Major parts of the the New Deal where deemed Unconstitutional by the Supreme court and the laws were struck down, Social Security is a ponzi scheme whose time is ending, When the FDR killed the Gold Standard in collusion with the Banks -- European economies almost collapsed overnight -- it was the Banks that were hording Gold and the Fiat expansion (which you embrace) became a Keynesian panacea which is failing today.  People don't understand economics? Damn Keynesian.

[lithopoonwit]

Nearly all the gold has been stolen by the Jews, for the newly- to-build Third Jewish Temple in Jerusalem, and for the Statue of the AntiChrist. They replaced the gold by worthless paper money.

[EvenKeelMedia]

Watch: "Investor Watch" for expert advice on gold and commodity investing. You can find Investor Watch on EvenKeelMedia 's channel

[7Hook]

that gives the bankers feed back - it tells them to stop leading a life of crime. But under a fiat system, their is no feedback mechanism (at least not officially). And then the bankers can merrily rip off the entire fucking planet - for example with a quadrillion worth of OTC derivatives - completely opaque,unintelligable and unaccountable. Hooray for global fraud!

[7Hook]

there is enough gold. And if the dollar value of gold is much smaller than the dollar value of fiat currency in circulation, the only change required is for the price of gold to rise.

The whole point of a gold standard is to stabilize the financial world and protect us non-financial people against banker fraud. You do this by paying attention to what the bankers are doing. When you find that their paper promises can't be trusted, you choose not to hold dollars and instead hold gold.

[7Hook]

Terrible terrible analysis. the annual GDP of the planet may be 70 trillion, but there is nowhere near that amount of fiat currency circulating. Know why? Because the same money gets used over and over and over. Everytime there is a transaction. GDP counts the value of all transactions. You don't need a dollar of gold for each dollar of GDP.

there is the same amount of gold per capita today as there was a hundred years ago (actually more).

[FakeryTV]

How does it provide the ability to pay our bills if there isn't enough currency in existence to take to the bank There will still be foreclosures because of scarcity unless you plan on refinancing in perpetuity

How does it protect us from corporatism Can we go stake a claim & mine our own gold or are we still subject to wage slavery for coins to pay the rent/tax on the land to grow the food to stay alive to go to work to earn the coins

Earning the right to live has to go There's enough for all