Iran buys gold bars in exchange for oil....

[Shagly]

How capitalistic, U.S. puts sanctions on Iran so the bartering system gets put to work with Turkey, sounds good to me.

Screw the International monetary funds and the World Bank.

Oh, hell, just end the U.N.

 

[JohnnySavage]

Three sentences and every one of them show a scary lack of knowledge.

 

[Shagly]

Three sentences and every one of them show a scary lack of knowledge.

Looks like the gold standard is working in the middle East, more countries should go back to gold.

 

[blobfish]

Looks like the gold standard is working in the middle East, more countries should go back to gold.

Gold standard my ass! Switzerland is the only country that's smart enough to remain on the gold standard, and only at 40%. The Middle East is just as much of a fiat system as anywhere else. Go try cashing in your Iraqi dinars.

 

[JohnnySavage]

Looks like the gold standard is working in the middle East, more countries should go back to gold.

Why?

Why not Platinum? Or Copper? Or sea shells?

For fun, figure out the total world economy, then find out the total amount of gold mined (and/or believed to exist), then calculate the price per ounce to balance the equation.

If gold were the world standard, you'd not be able to afford any of it and would starve to death.

 

[blobfish]

Why?

Why not Platinum? Or Copper? Or sea shells?

For fun, figure out the total world economy, then find out the total amount of gold mined (and/or believed to exist), then calculate the price per ounce to balance the equation.

If gold were the world standard, you'd not be able to afford any of it and would starve to death.

That's not how it works, moron. As it is now, the price of gold is tied to the currency, but in a gold standard, the value of currency is tied to gold. Since gold is scarce, the currency would be more valuable, so less is needed. Let's say that the ratio was set to pre-1933 standards (prior to Fascist Delano Roosevelt's gutting of our economic system), which was something like $20 per ounce. At that rate, the cost of a loaf of bread would go down to something like 2¢.

The gold standard prevents inflation, so it would help average people and hurt corporations and the wealthy.

 

[Sean]

Three sentences and every one of them show a scary lack of knowledge.

Dude, it's Shagly the racist paedophile, what did you expect?

 

[JohnnySavage]

Dude, it's Shagly the racist paedophile, what did you expect?

It was the most interesting thread on my first page at the time.

 

[Sean]

It was the most interesting thread on my first page at the time.

Jesus, you must have even more people on iggy than I do.

 

[JohnnySavage]

Jesus, you must have even more people on iggy than I do.

My iggy list, like my johnson, is long and distinguished.

 

[VaticanAssassin]

Good morning, gentlemen, the temperature is 110 degrees

 

[Shagly]

Gold standard my ass! Switzerland is the only country that's smart enough to remain on the gold standard, and only at 40%. The Middle East is just as much of a fiat system as anywhere else. Go try cashing in your Iraqi dinars.

It's better bartering.

 

[ForkedTongue]

That's not how it works, moron. As it is now, the price of gold is tied to the currency, but in a gold standard, the value of currency is tied to gold. Since gold is scarce, the currency would be more valuable, so less is needed. Let's say that the ratio was set to pre-1933 standards (prior to Fascist Delano Roosevelt's gutting of our economic system), which was something like $20 per ounce. At that rate, the cost of a loaf of bread would go down to something like 2¢.

The gold standard prevents inflation, so it would help average people and hurt corporations and the wealthy.

The unpredictability of the commodity dealers Silver_Thursday

 

[blobfish]

The unpredictability of the commodity dealers Silver_Thursday

That was an illegal manipulation of a commodity.

 

[ivantheterrible]

trade ya a bushel of corn for 2 gallon of gas.