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Gold Independent Money

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Uploaded by on Jul 25, 2011

Dominic Frisby has put together an interesting video on the rationale for a gold standard. A gold standard will not cure every social ill in the world, nor will it stop all senseless wars. Nothing will. However, by now it should be clear to everyone that the current fiat system is good only for bankers, brokers, politicians, war mongers and the already wealthy. Everyone else loses as inflation eventually eats away at what's left of the rapidly shrinking "middele class"

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  • @longspear584 so long as production of gold & production of wheat stay relatively close the prices can be as well. As recently as 2009 0.1g gold = 1 loaf of bread in Zimbabwe. Bread 1000 years ago has the same value to a person's body as today, so if gold production kept pace with bread/wheat production then yes, it is the same.

  • Eye opener! well put together.

  • just a thought BUT: doesn't production affect how much any monetary unit can buy? eg: more bread should mean less money required? ergo, bread 1000 years ago is not worth the same as bread today?

  • Great video!

  • Go viral? But it won't! Folks prefer the Evolution of Dance!

  • Ahhhh this is the guy from money week magazine. I beleieve. What a superb little clip... this needs to go viral. Cheers

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