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Karlis

Germany Eyes Gold Standard

162 posts in this topic

Can anyone cite an example, where inflation was counter-balanced by specific aspects built into the economic system?

successfully or attempted?

The New Zealanders have a good explanation of built in systems. But we have to see this as control of domestic issues, others like the price of raw materials sourced from abroad cannot be controlled domestically...

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Guys, if the amount of paper money was fixed then in times of budget deficit a government wouldnt be able to use inflation to reduce the amount owed.

Deficits often occur during wartime (WW1+WW2), recessions, natural disasters, famine, plague, etc. We would go bankrupt quickly without the means to reduce what is owed by inflation.

Which is a good thing ??

Everyone else faces consequences of running up bad debts. Seems to confirm that the whole war thing is something of a scam perpetrated by Governments living way beyond their means. Have you noticed how the productive economies of the world have given up on making war on their neighbours.

Br Cornelius

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But a currency with interest at source will always reduce itself to nothing over time. Gold cannot be used as a reference if you charge interest on the currency on which it is based. You may not understand what I am saying here (despite having clearly stated it in a previous post). The money supply itself should not have interest charged on it by the central bank - otherwise it will devalue over time. However it is fine to charge interest on capitol lent to a private individual. the two things are entirely seperate aspects of money and its use.

Why should we pay a private central bank interest for the right to use the only currency which we are allowed to use. What have they done to earn that interest other than monopolise the money supply ? They are taxing us by stealth and offering no services in return.

Br Cornelius

No I think BR what you're missing is Gold 's value is determined by the market. While all other commodities perish gold does not. It's here forever to stay while others go extinct. It's a fair medium of exchange, as is other precious metal because their value will always have a market share......... forever.

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No I think BR what you're missing is Gold 's value is determined by the market. While all other commodities perish gold does not. It's here forever to stay while others go extinct. It's a fair medium of exchange, as is other precious metal because their value will always have a market share......... forever.

And precisely that makes it, among many other factors already mentioned, inadequate as standard for any currency.

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whatever

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Don't ever let the gold standard antagonists deceive your doubt. Sure history repeats but we're experiencing nothing like anything else we've ever seen before. Those who cling to the past are also deceived by those who carried out the same pattern. A deal has been brokered. A deal of the century, as it will be billed. Obama is there to deliver it and sell it to the American public.... It's not going to go over well.

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Don't ever let the gold standard antagonists deceive your doubt. Sure history repeats but we're experiencing nothing like anything else we've ever seen before. Those who cling to the past are also deceived by those who carried out the same pattern. A deal has been brokered. A deal of the century, as it will be billed. Obama is there to deliver it and sell it to the American public.... It's not going to go over well.

Right, and the gold standard is very much of the past, in fact 100s of years past.

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Right, and the gold standard is very much of the past, in fact 100s of years past.

Every time anyone attempts to stay on the Gold Standard they fall off the wagon after a few years or at best a decade or so.

Br Cornelius

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Every time anyone attempts to stay on the Gold Standard they fall off the wagon after a few years or at best a decade or so.

Br Cornelius

Yet, each time it wasn't a result of a failure of the gold standard. It was a result of poor GOV intervention.

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Can anyone cite an example, where inflation was counter-balanced by specific aspects built into the economic system?

Competition and innovation in the free market.

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Competition and innovation in the free market.

Innovation usually comes at a price premium.

Competition cannot overcome the inflationary aspect of a currency lent into existence at interest.

Br Cornelius

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Innovation is the result of Competition.

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Innovation is the result of Competition.

Innovation can exist in the absence of competition. Innovation is generally driven by the desire to charge premium rates. Competition lowers the price of static products.

Br Cornelius

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Innovation usually comes at a price premium.

Competition cannot overcome the inflationary aspect of a currency lent into existence at interest.

Br Cornelius

All you do is make statements. I'm a how and why guy. I need explanations, not blind sheep denials.

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Innovation can exist in the absence of competition. Innovation is generally driven by the desire to charge premium rates. Competition lowers the price of static products.

Br Cornelius

Provide examples of innovation in the absence of competition.

"Static products"?

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"Static products"?

US made toaster 1950s

MINDASART-1950s-Chrome-Toaster_54C47C92.jpg

US made Toaster 1960

ge_159t77.jpg

US made toaster 1970:

toasters.gif

And US made toaster 1980:

By then everybody was buying Japanese or European 'cause they were tired of the same old and inefficient models.

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US made toaster 1950s

MINDASART-1950s-Chrome-Toaster_54C47C92.jpg

US made Toaster 1960

ge_159t77.jpg

US made toaster 1970:

toasters.gif

And US made toaster 1980:

By then everybody was buying Japanese or European 'cause they were tired of the same old and inefficient models.

So competition works then, and when people get tired of the same old things they demand new and more exciting things. Imagine that. There's no absence of competition there. That is competition.

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Static products occur in any market regardless if it global or Nation and State level... don't allow a doubter to deceive you... What's important is competition. It's what drives humanity. It always has and it always will be.

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Static products occur in any market regardless if it global or Nation and State level... don't allow a doubter to deceive you... What's important is competition. It's what drives humanity. It always has and it always will be.

Many things drive humanity - competition is just one of them. Ask a mother what motivates her - it is rarely competition.

Many of the problems in the world are caused by excessive competition and to little cooperation.

I don't buy the social-Darwinist interpretation of mankind.

Br Cornelius

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Many things drive humanity - competition is just one of them. Ask a mother what motivates her - it is rarely competition.

Many of the problems in the world are caused by excessive competition and to little cooperation.

I don't buy the social-Darwinist interpretation of mankind.

Br Cornelius

Good grief man.....you walked right into that one..... a mother is motivated by her own personal interests.... no different than a business is motivated by its own interests too.

Edited by acidhead

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Good grief man.....you walked right into that one..... a mother is motivated by her own personal interests.... no different than a business is motivated by its own interests too.

You really don't actually understand how people function. Altruism is one of the strongest human instincts - because we are a genetically adapted social creature. Studies have shown that people frequently choose the most socially beneficial option - even when it is not in their immediate self interest.

It is a gross perversion of the human spirit to say that it all boils down to competition.

Br Cornelius

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You really don't actually understand how people function. Altruism is one of the strongest human instincts - because we are a genetically adapted social creature. Studies have shown that people frequently choose the most socially beneficial option - even when it is not in their immediate self interest.

It is a gross perversion of the human spirit to say that it all boils down to competition.

Br Cornelius

dude... those same studies

altruism is a debatable subject... true motives to help others exists when the individual can take care of himself first.... you know that

what came first? the chicken or the egg? lol

Edited by acidhead

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dude... those same studies

altruism is a debatable subject... true motives to help others exists when the individual can take care of himself first.... you know that

what came first? the chicken or the egg? lol

People are rarely in a situation where it is a life and death decision - and even when they are they often choose the most altruistic outcome of any situation.

Social Darwinism is a stinking pile of bull**** dreamt up by some right wing extremist to jack off to.

Br Cornelius

Edited by Br Cornelius

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People are rarely in a situation where it is a life and death decision - and even when they are they often choose the most altruistic outcome of any situation.

Social Darwinism is a stinking pile of bull**** dreamt up by some right wing extremist to jack off to.

Br Cornelius

I think you over estimate man.

Allow me... If you were a parent and 10 children were in grave danger of dying and 9 of them were yours and only 9 could be saved.. who would you save?

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I think you over estimate man.

Allow me... If you were a parent and 10 children were in grave danger of dying and 9 of them were yours and only 9 could be saved.. who would you save?

When you have a meaningful question get back to me.

Br Cornelius

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