View Poll Results: Should/could the USA go back on the gold standard?

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  • Yes, I think this is feasible and could solve a number of the economic issues.

    16 48.48%
  • I think it could solve some problems but it's not possible to switch.

    2 6.06%
  • It would be possible to switch but I don't think it would solve anything.

    3 9.09%
  • No, it's not possible to switch and there would be no point doing so.

    12 36.36%
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Thread: Should/could the USA go back on the gold standard?

  1. #21
    Advisor DGomez's Avatar
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    Re: Should/could the USA go back on the gold standard?

    Quote Originally Posted by Phoenix View Post
    What we need is a government where the politicians don't have their heads stuffed up their asses and are more interested in getting relelected in a couple years than they are in real solutions to problems.
    Well this goes without saying.

  2. #22
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    Re: Should/could the USA go back on the gold standard?

    Quote Originally Posted by Maximus Zeebra View Post
    I know the gold standard.. I am just saying in a rather stupid way its not viable at all.
    Why? The examples you gave had nothing to do with the theory or practice. You'll have to be more specific.

  3. #23
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    Maximus Zeebra's Avatar
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    Re: Should/could the USA go back on the gold standard?

    Quote Originally Posted by DGomez View Post
    Why? The examples you gave had nothing to do with the theory or practice. You'll have to be more specific.
    The gold standard will not work in this day and age, there is not enough gold, not enough resources, too many people.. Anyways, there is kind of a gold standard already, there is a fluctuating free market price of the dollar against a bunch of commodities, including gold, so todays economy is really a mixed standard of everything.. Why go back to 1 standard? Thats not going to work, the economy will collapse. Anyways, gold didnt work, thats why you left it in the first place.
    Europe is illegally occupied by the US

  4. #24
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    Re: Should/could the USA go back on the gold standard?

    Quote Originally Posted by DGomez View Post
    It would make our debt real, the dollar worth something, and keep inflation on a tight leash. And this is a bad thing....?
    When we loose control of our currency, yes it is a bad thing.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

  5. #25
    Advisor DGomez's Avatar
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    Re: Should/could the USA go back on the gold standard?

    Quote Originally Posted by Maximus Zeebra View Post
    The gold standard will not work in this day and age, there is not enough gold, not enough resources, too many people.. Anyways, there is kind of a gold standard already, there is a fluctuating free market price of the dollar against a bunch of commodities, including gold, so todays economy is really a mixed standard of everything.. Why go back to 1 standard? Thats not going to work, the economy will collapse. Anyways, gold didnt work, thats why you left it in the first place.
    It's a mixed limitless standard. The gold standard did work until the depression. The reason it stopped working was because of issues regarding how money is handled in the bank. Those issues have since been resolved. There theoretically could be enough gold if we adjusted our prices accordingly. Instead of charging $1 for a soda you would charge $.01.

  6. #26
    Advisor DGomez's Avatar
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    Re: Should/could the USA go back on the gold standard?

    Quote Originally Posted by Ikari View Post
    When we loose control of our currency, yes it is a bad thing.
    How would we lose control of our currency? And the point of a currency is for it to be worth something not for it to be another control issue.

  7. #27
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    Re: Should/could the USA go back on the gold standard?

    Quote Originally Posted by DGomez View Post
    It's a mixed limitless standard. The gold standard did work until the depression. The reason it stopped working was because of issues regarding how money is handled in the bank. Those issues have since been resolved. There theoretically could be enough gold if we adjusted our prices accordingly. Instead of charging $1 for a soda you would charge $.01.
    But why would it be better to value the currency against 1 thing rather than everything like now?
    Europe is illegally occupied by the US

  8. #28
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    Re: Should/could the USA go back on the gold standard?

    Quote Originally Posted by DGomez View Post
    How would we lose control of our currency?
    When the market gets cornered.

    Quote Originally Posted by DGomez View Post
    And the point of a currency is for it to be worth something not for it to be another control issue.
    Currency is a huge soveriegnty issue...HUGE. If you don't have control of your own money, you're at the mercy of another state or organization.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

  9. #29
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    Re: Should/could the USA go back on the gold standard?

    competition is the corner stone of a free market.

    Elimination of legal tender laws would go along way in solving the issues we have. If fiat currency actually had to compete in the market place, the Fed would be forced to actually provide a strong dollar policy rather then paying lip service to having a strong dollar policy while doing the opposite.

    None of the poll options fit my view on the subject though.

  10. #30
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    Re: Should/could the USA go back on the gold standard?

    Quote Originally Posted by ARealConservative View Post
    competition is the corner stone of a free market.

    Elimination of legal tender laws would go along way in solving the issues we have. If fiat currency actually had to compete in the market place, the Fed would be forced to actually provide a strong dollar policy rather then paying lip service to having a strong dollar policy while doing the opposite.

    None of the poll options fit my view on the subject though.
    If you want to allow something like the Liberty Dollar, I can go for that. Though only Congress was given permission to print and regulate the value of money; no one else. But if it's a metal based sort of thing, I think that's maybe ok. The US government, however, it makes no sense to get rid of our fiat currency. As undesirable as it may be, it's better than the alternatives. Metal backed currency for us just won't work anymore.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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