Did you notice that oil recently hit a new high and the dollar a new low?
Take out a dollar bill and look at it. Written on it are the words “Federal Reserve Note.” A Federal Reserve note usually has value, worth.
So what is the value of the dollar, which is a Federal Reserve note?
Shouldn’t the value be stated right on the dollar bill itself?
The big reason we use dollars is convenience. Dollars are very handy in a purse or wallet. Dollars are a great substitute for items of value, such as washing detergent and gasoline.
But the value of our dollar in terms of purchasing power is plunging. Why”?
Because of the dishonesty of our govt. The govt is printing dollars like crazy, causing inflation. This has to stop.
Perhaps what’s needed is a redeemable dollar, a dollar that has its worth stated right on it, and the ability to redeem those dollars for the stated worth.
If you look back in history, prices in terms of dollars were stable. The price of a loaf of bread was the same in 1910 as in 1810. But since the 1930’s we have had steady inflation; erosion in the worth of the dollar. The Federal Reserve knows how to end inflation any time it wants to. And it should do so now. We need a return to a stable, non-inflating currency immediately.
Gold’s value is not static either. And who are the two biggest producers of gold on the planet who could change the value of a dollar tied to gold on a whim????
High Voltage, you are correct. This is where I tout (good word) the gold standard. Except for one tiny fact – it donna havta be da gold!
Why are you people so stuck on the gold standard?
Oddcat beat me up about this too.
Surely you agree with me that inflation will bring this country down if it continues?
Why is the govt unconcerned about inflation as long as “it’s under control”?
Why does the govt think a little inflation is a good thing, that the dollar gradually becoming worth less and less is a good thing?
Inflation creates poor people, something you libs should be livid about, yet I don’t hear one word about it.
The truth is that the gold standard did work in the past. it created a stable dollar. Even with the gold strike in Alaska, it soon settled back down.
This fact of history points in the direction of an answer to inflation. It gives a hint as to how to stop inflation.
It isn’t the gold, it’s the monetary principle involved, which, by the way, no one understands.
So we now have things like variable interest rates, so lenders can cover their asses, a fed who now refuses to say how much money they’re printing, and dimes and quarters that the govt removed the silver from.
Why did the govt remove the silver from dimes and quarters?
We, that’s you and me, need to put a stop to this shit.
Grim,
The Government does not do things of its own volition.
Unless You include its leaders in the definition
of “The Government”,By Leaders it is important to note that they are elected officials often having no qualifications other than having the ability to win a popularity contest.
I’ll say this for what its worth in trying to disspell nearly forty years of Karl Roves agitprop in convincing the people that government is the problem.
It is the idiots that we elect on the behalf of the elite who lobby our representatives in their own interst.
As for inflation,there were two world wars
and the cold war,Korea,the space race and many minor if not expensive conflicts plus one major depression and several minor recessions and an orbital defensive platform that this country is still paying off.
The silver was first removed from currency to be used for electronics (mostly switch contacts)
in world war two and again in Korea and then again in the space race and finally for reducing replacment costs when it was thought that the reserve was spending too much money.
Gold is too volatile to be used as the standard
anymore and the OPEC agreement of 1972 is almost abrogated thanks to Sadaam and Kim Jong North Korea.
Fiat is not the answer,clearly.
What is needed is a new and stable standard that
is not affected by war or global economic trends.
As I’ve said before,You have the right of it.
But placing the blame on the government for doing as it was told to do is just wrong.
Saving the world from greedy,power mad,would be dictators is expensive(I’ll restrain myself from ponting fingers here,almost).
We all own some that debt,its the price of freedom and for having an open door policy to lobbyist and favorite sons with axes to grind.
Did you notice that oil recently hit a new high and the dollar a new low?
Take out a dollar bill and look at it. Written on it are the words “Federal Reserve Note.” A Federal Reserve note usually has value, worth.
So what is the value of the dollar, which is a Federal Reserve note?
Shouldn’t the value be stated right on the dollar bill itself?
The big reason we use dollars is convenience. Dollars are very handy in a purse or wallet. Dollars are a great substitute for items of value, such as washing detergent and gasoline.
But the value of our dollar in terms of purchasing power is plunging. Why”?
Because of the dishonesty of our govt. The govt is printing dollars like crazy, causing inflation. This has to stop.
Perhaps what’s needed is a redeemable dollar, a dollar that has its worth stated right on it, and the ability to redeem those dollars for the stated worth.
If you look back in history, prices in terms of dollars were stable. The price of a loaf of bread was the same in 1910 as in 1810. But since the 1930’s we have had steady inflation; erosion in the worth of the dollar. The Federal Reserve knows how to end inflation any time it wants to. And it should do so now. We need a return to a stable, non-inflating currency immediately.
Grimgold
Comment by grimgold — March 7, 2008 @ 12:13 pm
Is this where you tout the Gold Standard Grimmy?
Gold’s value is not static either. And who are the two biggest producers of gold on the planet who could change the value of a dollar tied to gold on a whim????
South Africa and Russia!
You were saying?
–Volt–
Comment by Volt — March 7, 2008 @ 3:42 pm
High Voltage, you are correct. This is where I tout (good word) the gold standard. Except for one tiny fact – it donna havta be da gold!
Why are you people so stuck on the gold standard?
Oddcat beat me up about this too.
Surely you agree with me that inflation will bring this country down if it continues?
Why is the govt unconcerned about inflation as long as “it’s under control”?
Why does the govt think a little inflation is a good thing, that the dollar gradually becoming worth less and less is a good thing?
Inflation creates poor people, something you libs should be livid about, yet I don’t hear one word about it.
The truth is that the gold standard did work in the past. it created a stable dollar. Even with the gold strike in Alaska, it soon settled back down.
This fact of history points in the direction of an answer to inflation. It gives a hint as to how to stop inflation.
It isn’t the gold, it’s the monetary principle involved, which, by the way, no one understands.
So we now have things like variable interest rates, so lenders can cover their asses, a fed who now refuses to say how much money they’re printing, and dimes and quarters that the govt removed the silver from.
Why did the govt remove the silver from dimes and quarters?
We, that’s you and me, need to put a stop to this shit.
Comment by grimgold — March 8, 2008 @ 9:57 am
Grim,
The Government does not do things of its own volition.
Unless You include its leaders in the definition
of “The Government”,By Leaders it is important to note that they are elected officials often having no qualifications other than having the ability to win a popularity contest.
I’ll say this for what its worth in trying to disspell nearly forty years of Karl Roves agitprop in convincing the people that government is the problem.
It is the idiots that we elect on the behalf of the elite who lobby our representatives in their own interst.
As for inflation,there were two world wars
and the cold war,Korea,the space race and many minor if not expensive conflicts plus one major depression and several minor recessions and an orbital defensive platform that this country is still paying off.
The silver was first removed from currency to be used for electronics (mostly switch contacts)
in world war two and again in Korea and then again in the space race and finally for reducing replacment costs when it was thought that the reserve was spending too much money.
Gold is too volatile to be used as the standard
anymore and the OPEC agreement of 1972 is almost abrogated thanks to Sadaam and Kim Jong North Korea.
Fiat is not the answer,clearly.
What is needed is a new and stable standard that
is not affected by war or global economic trends.
As I’ve said before,You have the right of it.
But placing the blame on the government for doing as it was told to do is just wrong.
Saving the world from greedy,power mad,would be dictators is expensive(I’ll restrain myself from ponting fingers here,almost).
We all own some that debt,its the price of freedom and for having an open door policy to lobbyist and favorite sons with axes to grind.
Comment by Rainlander — March 8, 2008 @ 2:39 pm