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The Gold Standard



Uploaded by: AntonBatey
Video Description:
Rudimentary economic justification for adhering to a 100% gold standard. This video explains how inflation is a direct continuation of what's fundamental under a fiat currency model establishment where monies are printed with no backing.
Anton_Batey@yahoo.com


Tags for this video: Anton Batey Economics Economy Federal Gold Inflation Money Reserve Standard

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booeing, firstly ... ( 2 months ago by Capnwabbit)
booeing, firstly gold is used in electronics, jewellery, even teeth, secondly no government law will ever prevent government from creating more money. Look right now at the US debt ceiling a "legal limit" - and every year they just increase the limit. The whole point of a gold standard is that no law, no paper, no government, can just 'create' it. It's rare, hard to mine and stores value.
Increasing demand ... ( 2 months ago by Capnwabbit)
Increasing demand is not "artificial inflation", its economics 101, paper money IS artificial inflation! You (katiebrewer) also ask why no other country has GS at present - research the petrodollar - and that's coming to an end.
Oh no, the free ... ( 2 months ago by Capnwabbit)
Oh no, the free market! *shivers*
"Like any tangible ... ( 2 months ago by Capnwabbit)
"Like any tangible commodity, the value of gold is arbitrary and susceptible to manipulation by the market." WTF?
"Altering the fraction in such a way would cause the value of Gold to rise" WHAT fraction? There IS no fraction
"..and then crash upon its value becoming inflated, resulting in an economic collapse."
You can't inflate somethings 'value' because that's subjective and people's opinions don't 'crash' when real gold backs the thing opinioned on. Unlike paper.
"why would any ... ( 2 months ago by Capnwabbit)
"why would any foreign country accept US dollars?" Exactly, and guess what is gonna happen when you keep printing that green shit? In fact it already is happening
What happens when ... ( 2 months ago by purplecharger88)
What happens when the money circulating can't meet the demand on it and more needs to be created but we have already made as much as we can create under the standard backed by gold.
How? Well you can ... ( 2 months ago by SrpskiFront)
How? Well you can mineral more gold or not just it but other precious metals ,like silver platinium,iridium,zirconium,diamonds,.....
What your ... ( 1 month ago by ReipuSarada)
What your describing is HOW you create a bubble. Growth is controlled and legitimate under the gold standard, and doesn't boom as hard as the fiat currency.
When "money circulating cant meet the demand upon it", i assume it meets this demand by going up in value, which in essence creates more money. This is why instead of PRINTING a shitload more, we should just let it sit.
But growth is also ... ( 1 month ago by purplecharger88)
But growth is also hindered by the Gold Standard. That's why under the Gold Standard there were so many crashes. If you fail to produce the amount of currency needed for economic activity then will cause a rapid deflation.
The other problem with gold is that as a commodity the amount of gold moving effects the currency. A large injection of gold into the market would inflate the currency and reduction of gold production would rapidly deflate it.
Not to mention your ... ( 1 month ago by purplecharger88)
Not to mention your missing the fact that since the money is based on gold citizens can call for the gold in replacement of the notes. Nations could force others to call debts in gold and destroy economies like what happened during the Great Depression, and why Great Britain jumped off the Gold Standard at that time.
While the idea is in the right place it would be much better to use fiat money and have targets to prevent rapid inflation and control the money supply better.
You're nuts man. ( 1 month ago by StrwberryCoff)
You're nuts man.
no. you are wrong. ... ( 1 month ago by friedenmeister)
no. you are wrong.
the flight of gold from the US was the result of fractional reserve banking and the Federal Reserve printing far more paper tickets than gold existed to back them.
Don't blame sound economics for the collapses brought on by crooks at the central bank.
I never said gold ... ( 1 month ago by purplecharger88)
I never said gold was leaving the US. During the Great Depression gold was flowing into the United States because nations had to pay off there debt in gold yet the money supply was not increased. While some of it had to do with FDR's social programs a good portion also has to be given to the fact that the money supply was not increased when the demand on it increased. The gold standards restrictions on the money supply started problems the rippled throughout the world economy.
The Fed, " ... ( 1 month ago by TadRapidly)
The Fed, "Quasi-Governmental"? How about a loan sharking operation by private bankers?
The thing is, on a ... ( 1 month ago by MaxIrons)
The thing is, on a fully backed gold note or pure gold currency, -any- amount of that substance will meet the demand. The value of that gold note will increase as the demand for currency increases. As long as no more paper money is printed than gold exists, you cannot "run out" of money. Now what may happen is traditional late 18th - early 19th century gradual -deflation- where each silver dollar could progressively buy more than it could a decade previous.
This encourages -real- capitalism.
First time listener ... ( 1 month ago by PatriotMcCain)
First time listener... interesting.
Someone very wise ... ( 1 month ago by dojufitz)
Someone very wise once said
'Money is always scarce, and as soon as it is no longer scarce, it is no longer money'.
when the mark ... ( 1 month ago by kansaimagic)
when the mark collapsed a while back, I was told that this 1 lady was pushing a wheel barrow full of the currency to buy a loaf a bread. Rumour has it that when she looked away for a sec. someone stole the wheel barrow and left all the useless cash behind. stunpals dotcom
and it was fact ... ( 1 month ago by sayanythingkicksass)
and it was fact people burnt the mark beacuse in most situations that was cheaper than energy costs
Thought the price ... ( 1 month ago by Barack0to0the0future)
Thought the price of gold fluctuates very slighty, there isn't enough gold or silver to back the dollar now. If we were to switch right now over to gold and silver, we would cause hyper deflation. All american goods will lose value as the dollar sky rockets in value. Actually i don't see how thats a bad thing lol.
Deflation does ... ( 1 month ago by Barack0to0the0future)
Deflation does cause the wages to decrease and over saturating of goods in the market. Essentially this would dramatically slow the market down. You wouldn't want a currency to not have inflation or deflation, the best results is equalibrum.
cash is trash, buy ... ( 1 month ago by Mongodelight)
cash is trash, buy gold, silver, valueable property, stocks
It is bad for the ... ( 3 weeks ago by motina10)
It is bad for the rich, unfortunately, the stupid have fallen for the lies of rich.
The "major flaw" of ... ( 21 hours ago by Quiksilver209)
The "major flaw" of Gold is that most of the gold in the world is owned by the people that want to introduce electronic money, that means they can manipulate gold price! ASK the people that support gold about this "flaw" and please tell me what they tell you.......I will wait.



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